The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-18

IF Representatives yesterday. The measure actually
before the body was not even alluded to by the
speakers. They were all too much engrossed with
he coming Presidential election to think of any
thing but the Compromise, the recent Congressional
caucus, the wing and democratic platforms, SC.
No question was disposed Of during the entire day.
This is remarkable country, and its Congressman
are more remarkable still.
by the dispatches from Albany, it will be seen
that the evil effects Of the passage Of the unconsti-
tutiona bill for the enlargement of the canals, by
the Legislature of 1851, already beginning to
manifest themselves in financial circles
is current that the Albany Exchange Bank, deposit
tory for canal tolls, has concluded not to receive the
bills of those banks whose circulation is based the
security Of canal revenue certificates. Whether this
is true not, it is probable that such will ultimately
be the final determination. At all events, people
will be dstrustful Of these canal certificate
banks This is but the beginning Of the misfortunes
which have been engendered by the defunct
canal bill, which even its former friends and sup
porters now tacitly admit to have been a direct
violation Of the constitution.
According to our Albany correspondent, no place
has yet been secured wherein Kossuth make a
speech and dispose of his Hungarian bonds The
use of several Of the churches has been refused
by the trustees. He will arrive there this after
noon.
In the Board Of Aldermen, yesterday evening, the
report Of the Committee Streets, in relation to
the change Of route Of the Sixth Avenue railroad
which was received and laid on the table-was
taken up and passed. The resolution appended to
the report is as follows:-That the route heretofore
granted to the Sixth Avenue Railroad Company to
lay rails in the streets of New York, be changed, to
run through the following streets and avenues, viz =
Commencing at a point at tho intersection of West
Broadway and Chambers street; through West
Broadway to Canal street, with double track
thence with single track through Laurens street to
Amity street, to Sixth avenue; thence with dou-
bic track up Sixth avenue to Harlem river; re-
turning down Sixth avenue to Carmne street
thence with single track to Blocker street, to
Thompson street, to Canal street; across Canal
street, intersecting the double track in West Broad
way, down West Broadway to the place of beginning.
The Presidency Old Parties and New Par
tics-Lntcst Developments.
The changes and notifications, from week to
day to day, in the general aspects of the Presden
tal question, are as curious the varied combina
tons Of forms and colors successfully produced bya
single shake of the kaleidoscope One day we are
threatened with the immediate organization of a
Southern wing party. from the refusal Of whig
caucus to endorse the Compromise but the next
morning the indications quite strong that the
wings of the South will consent to waive all ques
tons Of principle for the sake of harmonizng upon
the spoils On the other side, Cass appears to hold
the game in his hands day; and on the next
Buchanan to possess the greatest strength in
the Baltimore Convention 1t was but yesterday
that it appeared to be highly probable that the two
old parties would absorb between them, all the out
side political factions of any consequence but to-day
the practical effective reorganization of either Of
the old parties is exceedingly problematical.
But, notwithstanding these fluctuations in the ge-
neral aspects of the campaign, there several of
its principal landmarks which VIC may safely regard
as definitely settled. The wing Congressional eau
cuses have determined that the Compromise
shall make part Of the wing Baltimore platform,
and the overwhelming force Of the Scott delegates
from the North settles the question as to the whg
candidate With reference to the democrats, the ter
rible breakdown Of Major Donelson, late of the
Washington Union, in his efforts to obtain the pub
lie printing, in conjunction with the Republic upon
the platform of the Compromise measures, blocks the
game conclusiyely. If the combined forces Of the
secessionsts and barnburners have been sufficient to
crush the Compromise branch ofthe democratic party
in Congress- and their central organ, the latter wing
ofthe party will hardly dare to press the Compromise
measurcsat Baltimore. We take it, therefore, to be de-
fnitey settled that Scott will be the nominee Of the
whig party, and that upon the slavery question he
will be left as completely uncommitted Gene
raj Taylor, in ls4s We take it to be equally GER
tain that the democratic nominee will be presented
to the country as entirely uncommited on the Com
promise, in whole or in part, the wing candidate.
The will govern both conventions-the
impossibility of rcconciling their Northern and
Southern ultras to the Compromise platform.
These are the initial points of the campaign,
from which the party operations on all sides will
! diverge The next important point to be ascer-
tanned is, how far this non-committal plan of
operations will serve to conciliate the Northern
anti-savery factions and the Southern Union party
In behalf Of the anti-sayery leaders of the North,
we have lately had certain very significant proceed
ings in Massachusetts,, in Ohio, and in Western
New York, ard within the last few days, in their
anniversary meetings. in this State. But while all
thee proceedings plainly admonish the South that
there be compromisc--no armistce with
slayery-they do not present any specific plan
Of action in the approaching contest In good
season. however, the central organization at
Rochester have came up to the rescue, and there
can be no longer any doubt that the abolitionists
upon an independent ticket, will take the field.
In "Frsderick Douglass Paper" published in
Western New York. we find the following card, by
the National Committee of the Liberty parity
TO THE LIBERTY PARTY OF THE UNITED STATES.
AT your convention in Buffalo last fast fall nomi
mated Gcrt Smith for President and Charles Durkee for
Vice President but neither Of them consents to be
didate Hence call another convention 70 nominate
for these Offices and propose that IL be held
IN Enalo on Mednesday the Lat day Of next September