The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-26

ALBANY, January "a, lS4S.
The Position Of the tco Sections Of the Democratic
Party-Ihe Baltimore National Convention,
&c, Sc, &c.
The mutual hostility of the two seeding
wings OF the democratic party is assuming
more decided aspect; the struggle between these
sections is now Of more serious character than
ever; it is more serious, because in it are in
volved matters which will of course exercise a
powerful influence upon the approaching Presi-
Dental election; each of these sections will send
their delegates to represent this State in the Bal
timore Conventions; the vote of New York in that
convention, if the delegates of both the sections
are not altogether excluded, will have It's due
weight in determining the grave questions which
must come before that body Happily, all causes
for prolonging the personal squabbls between
these sections are now removed: their differences
must be referred to higher power for adjustment;
it will be the duty of the national convention to
declare which body OF delegates cor, coming from
ton, whatever it may be, will non be made until
after stormy and eXasperatlng strife IN the con-
ventlon hence, the proceedings OF that assem-,
blage, when it shall meet, will be regarded
with the utmost anxiety and sollcltudc by
the American people. IT should, however,
be observed that The ultimate result OF the
deliberations of the convention will not
be affected in the slightest degree BY the
collisions between the democracy OF New York (;
the candidate of the democratic national con-
r;Gntl6r,, will NEST inevitably he a uasn~,,n
whom Wire is no tincture of abolitionlsm the
nomineS that convention will be msn who
is opposed to the Wilmot proviso, and who is in
favor Of some indemnity for the expenses OF the
war; The State conventions for the appoint
men. Ithe New York democratic delegates
to the npiional nominating convention, Will
both be held in few days; that of the Cass, or
anti-aboltion section, will be held here day at
ter tomorrow; and that Of the Van Buren,, or
Wllmot proviso section, will be held at Utica on
the 10Th proximo. a most extraordinary and
unusual interest is felt in the proceedings OF
these conventons the Syracuse and Herkimer
conventions were Of little Importance IN COM
parison to these Presidential conventions. The
friends of Mr.. Cass have evlnced great shrewd-
ness in calling their convention at an earlier day
than that selected for the holding of the Wilmot
proviso convention. Their proceedings will, at
least, have the appearance of priorlty.
The general manufacturing bill was debated IN
committee of the whole in the House to-day.
AS l have previously announced to you, the
wings came into the House with determination
to crush all the amendments to the bill which
might come from the democratic side OF the
House in obedience to the instructions OF their
caucus, they had resolved to trample upon the
personal liability clause.
Mr. Walsh, however, again offered his amend
ment, making the trustees of corporations guilty
of felony, where they declared dividend
when the company was insolvent, or when its
insolvency is caused by such dividend. The
amendment of Mr.. Walsh was rejected.
The committee rose while the section making
stockholders personally liable for debts due from
them to their operatives, was pending
The public officers are indulging very freely
in the little convivialities of the fashionable
son; almost every evening we hear of balls and
splendid parties, at which these new officers are
present. There has lately been organized here
a social circle, upon the same petty system
which controls the society of the "upper ten in
New York; the metropolitan aristocracy are CO.
pied after, and aped by the arlstocracy of the ca
pltal BY and by, shall take occasion to hold
up TO the light the shreds and patches of which
this new organization is composed, in order that
You may understand it perfectly.