The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-09

aQOtner cOIumn, dealt the aumiulStruttou y
blow IRON which they will not SO readily re-
cover. He had, it seems, " denounced Jefferson
Davis as a disuniOnist, sitting in the councils OF
the nation" in recent speech and the Sec
rotary Of War, faithful to the characteristic
tactics Of the Cabinet, had, instead Of attempt
ing to defend himself, INDUCED in q coarse
abuse of his antagonist. Mr. Toombs vindicates
himself in way which we trust will be per-
fectly satisfactory to Mr.. Davis. Reiterating
his former charges he shows how the admins
tratiOn has taken traitors to its bosom, under
the fraudulent pretext that they have been
cleansed by being dipped into the filthy COM
mon sewer OF government patronage" and
asserts with natural vivacity that I" disloyalty
tOthe federal Union is a virtue compared to
the seryile baseness Of consenting to and main
tanning a coalition with the Buffalo free soil
ers." This shows what honest men at the
South think of the present Cabinet few
weeks more, and we will have similar language
uttered in every Southern and in almost every
Northern State /; end the upshot Of the whole
| will be the organization of . new party, on a
broad Union and compromise basis, which will
scatter to the winds al! the present wretched
political organizations.
| TIE FASHIONS OF New YoRK--TuE WORLD
| OF FAsmoN--Those who take an interest in the
| fashionable world will find something tarticu-
| larly worthy Of their attention in another part
of to-day's paper. New York is rapidly becom-
| ing to the New World what Paris is to the Old
! the great centre Of fashion. Already our la
dies, who make any pretensions to the title Of
| fashionable. have commenced war of rivalry
with the European aristocracy. and if they do
not surpass them in the style OF dress they are
certainly their equals in extravaganza. In one
year u lady of fashion living on the Fifth ave-
nue. will expend seven or eight thousand dollars
upon dress; and we are assured, upon the most
reliable authority, that walking Or promenade
dress, such as is seen occasionally in Broadway
costs from fifteen hundred to two thousand
dollars.
1t is true that our ladies are still to q great
extent dependent upon the Parisians for
many Of their improvements and the newest
styles; but they sometimes follow the dictates
of their own taste or fancy. Nearly every
article of dress imported from the French ca
pital has also to undergo many notifications
to suit the more scrupulous and hcate sensi-
bilities of our fashienables. Every season
brings with it changes of the greatest import
ance to those interested and the inventive
powers Of the artistic are taxed to the utmost
Revolutions Of the most vital Importance to
those who regard dress as the true criterion OF
character have taken place in the world of
fashion centuries back, and in some instances
even difference in the cut of the beard has
given rise to the most implacable war. We
think it is Guizot who says that the history of
France is the history Of the beard, and we
know that one nation has derived it's name
from the great length of their boards. Ladies,
too. will be astonished to learn that the patches
which at one time were worn on the face were
brought from Arabis; and gentlemen will be
equally surprised to know that cravats were
obtained from the Croats, one of the most
savage people in the Austrian dominions.
They will both find much in the article referred
to that viii repay perasai 1t will be well for
them to post themselves up in the history of
the world Of fashion.
SYMPTOMS OF REvULsroN ArLoAT.-The re-
cent failures of banks and bankers in New York,
Buffalo, and elsewhere, are very significant OF
the present state of commercial affairs and the
condition of commercial credit generally
throughout the land. These symptoms resemble
very much those which marked the year 1886
Immediately before the revulsion Of 1887. 1t is
true that during the last few years, and up to
the present day, we have received and do re-
ceive vast quantities Of gold from California;
but we believe the system Of credit in every
shape-bank credit. railroad bonds, private
credit, merchants Credits increasing with
greater rapidity-at a sort Of geometrical pro-
erosion paoe-than even the increase of the
importation of the precious metal from the Pa
ciGc. Yet it is singular fact that every man
who breaks nowadays, and every bank that
blows up, and every institution that gets into
difficulties, Is represented in the newspapers to
be perfectly sound--able to pay all his or its
obligations, and only happened to smash up
ia consequence of some little pin in the money
market becoming loose The persons involved
in the recent bank failure at Buffalo, it seems,
and all those connected with ii, are all solvent
people, and able TO pay more than their debts;
and nothing seems TO bring these people over
on their knees except some little difficulty ia
the money market affecting their railroad bonds.
Every general revulsion in commercial affairs
during an extended system Of credit, bloated in
its dimensions, begins in this way. The symp-
toms, therefore, which we see before US are the
came as those which marked similar periods in
OR public commercial history, and we would
advice every person to look ahead for breakers.
CoMFoET FOR TIE ATTIIcrED-One of our
contemporaries in Wall street, the Journal Of
Commerce, is in state Of deep affection. 1t
seems that in some statistical article the other
day, we made a statement showing that the cir
eulation Of the Journo, was somewhat less than
that Of tire Courier and Enquirer. Hence. the
nAlinkion al