The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-03
WARRINGTON, Dec. 81, ls47.


The last day of the old year is snveoped in fog
dense that which overshadows the Mexican war
The impenetrabe curtain Of Mr.. Calhoun is not
papable than this positive fog. Without and within,
all is foggy in the political world The only existing
besven.ss in the democratic party the admnistra
ton; the party would be dissolved into fagm ents but
for this common ralying ground ad i1ierim.
The wings are silently, and almost involuntarily
many from choice others reluctantly but without any
General Taylor and the National Wing, started here
Just after the battle Of Buena VISTA organ Of Gen
Taylor, is picking up confidence and subscribers But
the old huuker Of the party want its pedgree they
cklers for the stock and dubious Of the
he too shall be entitled to his penny at the end Of the
days work in the vineyard
Both stand adjourned over to Monday. In the
Cutie viii TAKE nots Of ~ s% ana nks captain
again they will go at IT with hammer and tongs
The ten regiment bill las fairly opened the whole
merits Of the war with Mexico and the brilliant of
hand discussion In the Senate yesterday Ia promising
for.tase of the thunder yet in This movement
of the Chairman on Military Affairs shows that the
Senate as far as the Constitution will allow Is to be the
branch Of Congress to which the Executive will make
his first applications for relief But, again, the annual
appropriation bills and all bills for the raising of revenue
must originate in the House, and Mr. Walker will he
compelled 10 form close acquaintance with Mr Vim.
ton of Ohio still. seriously doubt whether the SEQ
rotary will present schedule for 20 per cent upon tea
aud coffee demanding it's passage forthwith he did 1T
the last session. Here he will find himself In q guam
dary but he will not be suffered to hold back He will
how they best be raised upon imports independent
Of tax tea and coffee, far possible MIR Walker
w then "a. back upon cold iron .ug.s and mo-
dulles Of 1916.
He see that the imports of the last wear are ex
traordnary-that there Is surplus beyond the
demand-he cannot expect that this state of things will
continue, aud no hes already confessed that he wants
more money, In spite Of his extraordinary receipts
For the present be only be relieved by loans and
treasury notes. Drafts from Mexico coming in.
New Mexico and CALIFORNIA; on account Of their civil
governments TO- will come upon him perhaps for mil
lioA beyond the current expenses OF the army The
debts Of the Republic Of Texas very indefinite but pro-
at this present Congress- and II admitted then the mag
nhcent scheme Of Cost Johnson for pledgns the whole
the public lands for the 100000 600 Of the State
debts will be next In order
But apart from this the Secretary Of the Treasury has
enough to appa him His indebtedness account
OF the the state Of trade home and abroad the
evident approach Of revulson, sdmonish him to look
well to the treasury notes and to borrow all he
while his receipts yet guaranty the certainty Of prompt
return OF the money on demand
With the hope Of meeting the wants of the treasury
and oil other wants besides full naturalization for
the cost Of the war; MIR Walker has bold and pro-
minent project of salvation yet remaining to wit the
absorption Of Mexico-her mines, her ports her
nues and all What matters 1t II Mexico in sad
died with foreign debt Of 500 600 900! What differ
ence does It make II all the principal mines owned by
sopg and doubtless many which have been open
ed The only difficulty IT, that in finding them they,
too will have to be bought Yet from the Of
a eAco aiohe' uuuer etapie government,
600 OF money per annum might be derived for
Mexico nota manufacturing country and would need
much larger proportion OF imports than equal po
puation even Of the Southern States Of this Union
This brings us to the main question, which 10 the
question OF the annexation Of Mexico 1t is repudated
In the Presidents essage but the discretion reserved
OF indennities will cover the whole territory including
Yucatsn bill to this equivalent should be deemed
expedient
Between the Cabinet, Mr. Dallas, and General Cas-
there appears to be wonderful harmony of PRESENT.
ments and 1t Is harmony significant Of coming events
We fhal be prepared for an open declaration hereafter
ground to suspect that, II the war il still
and no satisfactory indications Of peace are visible In
the meeting OF the next democratic national conven
ton they will pronounce for the absorption Of Mexico
as they did for Texas in 1884, and make that question
the hinge OF the campaign. The letter of General Csss
In last nights Union shows to extent the drift of
the wind At this moment he 10 the most prominent
among the democrats for the nomination aud is judi
cousy trimming his sails He will have chance in the
river and harbor bill, by and by. CRAZE.