The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-16


tinue peaceable, and political tumults or out
breaks occur in Europe for five years, there is no
doubt that the nited States, England and France,
will enter upon career Of speculative enterprise
that will outstrip anything of the kind which has
marked the history of commerce, and which will
lead, if not managed with great skill and discre-
ton, TO the most terrible revulsion that ever agi
tated the civilized or com nercial world. The re-
vulsion of 1886 and 81 Was merely type of what
may expect, if moderation and judgment do not
operate on governments, communities, institutions,
banks, and merchants Of all descriptions.
SUCCESSION AND SfCEssIoS.--Here at the North,
anti-savery is dying out, and new flames are
kindled with respect TO the succession in 1857
which seem to absorb every other excitement. At
the South secession is the prominent topic STILL aud
the theorists there inquiring how far they will
be able, by breaking loose from the federal com
pact, TO monopolize the commerce and trade of the
world by means oftheir great staple-cotton Thus,
the North shows pretty conclusyely that, beyond
the circle of the insane Garrsons and Phiipses, and
Abby heliys Of the day, there exists no longer any
very strong desire to make political capital out Of
the slavery quest on All has been made out Of it
that could possibly be accomplished, and that is a
trfe. The real questions before the country,
North and South, are merely, therefore, those Of
succession and secession In the former, the
Northern States are remarkably active, looking a
long way ahead. In the latter, the Southern States
are in a very uncertain condition, and will proba-
bly, 50 continue till they the necessity of acting
on succession, which involves man, and fifty
millions Of dollars year, for four years, $780,
100000, for Presidency, with a whole catacomb Of
w
spring up an army Of consuming, busy existences,
in the shape Of posmasters collectors, land gents,
consuls, ministers, and IN fact, the whole live
chincIy ofthis great nation Secession may have
its hour; but succession will carry the day, we
shall all see when our Northern conventions, like
20 many omens, foreshadow the result OF the ma
onal conventions Of lS52, and the Interior result in
March, 1853.
In view Of this great result Of all political
suts-the succession-actv ~ begins to operate on
the political centres in various Northern States.
Preliminary meetings and conventions now
held in number Of States Already pre-
liminary nomination has been made, on the de-
mocrat.c side, in this city, and tonight Tam
many Society-the very Council Of Sachems-will
come together 10 make Gene al Wool nominee.
Besides this in various parts Of the State, among
household word, as far as the White House il con
cerned. We shall be anxious to see the result-for
if gunpowder, guns, trumpets and flying artillery,
are TO be the groundwork, both Of wings and demo-
Gratis in the coming contest General Wool will have
a fair chance. His life has recently been written
and published in Boston, and that may be consi-
deIcd paper bullet from that quarter, Of small
Importance. Massachusetts,, however, is more busy
IL 4 l.. 4 n.
support him has been numerously signed, making
roll Of names as long and numerous, and quite as
powerful in is way, that Of Battle Abbey in old
English times. What effect this movement will
have it is difficult to say but the immediate result
will be brains against bullets and bayonets, and
preliminary convention at Worce ster, recently the
strong hold OF the abolitionists.
Not the least important preliminary flourish Of
the wings, will be the tseny-fourth Of the month
"a week from Tomorrow, Lancaster, Pcnnsyl-
ysna, when there viii be Wing state Convention,
shich sill concentrate q large number Of wire
pullers, Office seekers AMI politicians, into grand
mass for the selection Of somebody for the succession
Perhaps Scott--perhaps Webster. Who know,
Webster will have a fair chance between patriotism
aEd powder, though General Scott rll be pushed
forward With powder aud patriotism. General
Scott however, has three ugly inpsdiinsnts in the
way q biz artillery, il the shape Of three letters,
which stand like general orders from his head
quarters. One i buhctin in favor Of the gradual
emancipation of slaves az Tire Seath-auother is a
document On the advantages OF an annexation Of
Canada third is z stanner, in the form Of a
decision that engrsnts q this country shall be per-
mttcd to vote only after residence of twenty-five
years Probably not less than half dozen docu-
merits Ia explanation 81 those three Affairs, will be
necessary, sooner or later and IL the General
down RI. guns wcll, be may be able q a. some
ecution At least, he wl have the benefit u little
target practice, which very useful IN political
tactics.
hleap~hile. ~ The promise Of much that i
novel .end curious il these questions Il succession
and sescs-i ion. What with keeping our eyes sharply
ca the look out, from Maine to Georgia, from
Georgia T. Oregon, and from Maine = California,
We shall have i busy time Gf II, and within the
neat tweiae months W. must expect 70 find fresh
Presidential nominee In each Sta.c-thir sy-one in
the entire ha'ch-snouga, certainly, - keep the
whole colzr.ry il very agreeable stl,, of excite
meat.
Tux REr2siors lNnrpENDrSr ca THE WrBr Avp
IIILls C0,EI,vFusY In the Last III fcpca{eat,
Ge RcycreBS Mr Boocher = The Reverend Ne.
,s,rrs-thers 81. several II them-cage 81, with
la,.- article o. he Webb an Wills controversy,
a. hch tbs dana fnds 70 mach that i exciting,
tha' Pc passes or thc slavery question . STAG
sabJs.t, aud ua0erthy u any 'ur.hcr discussion
n - social qEs-,ion now before the public Ne
sceus Lorc 80 hoE.s. and shether u no, !, l. b.
f.,t E..