The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-03-06

QMr IsHAKL JAaxs No lo2 south Tenth street Phiadel
phia, Is general travelling agent by H.
lens COLLINS, JANIS Dsxnrsa, HAsnrr Jos Burros Csc
r. BurTos, ISAAC M BopSI, W. WILKr, l.,
WATERMAN, ana GEoRaE L. McLEop.
Uy-Receipts from either Of above will be good.
The Inaugural Addrcss.-Our Foreign Policy
We noticed yesterday the general eriscs OF the
Inaugural Address of President Pierce and expressed our
judgment OF the impression which il is destined TO pro-
duce upon the public mind To be fully appreciated and
understood in lis whole significance this most maserly
State paper must be considered in with the spe
ca circumstances OF the late Presidential election Known
from his boyhood democrat of the sraighest sect
his whole public life, in its every act and principle and
impulse pedgng him the time honored doctrines Of the
democratic partyGenera Pierce was borne into the pres
idenal chair by the spontaneous and general acclama
ton of people who had already placed upon the statute
book the leading principles Of the democratic creed and
who, in immense and unquestioned majority stood ready
to vndicae and maintain them II only remained for the
President thus called power to indicate at the out
set of his administration those points of public policy
to which, in the existing condition of the country, il
requisite that the settled principles of the democracy
should be specially applied As chief among these points,
at the present moment, the Inaugural signalizes the
reinstatement OF true and adequate American policy
III mnhdkeucAt VI oul lolClRH FIEOIOub
reform upon sound principles OF economy in the admin
isiraton OF the government; The careful restriction of
the federal authority in all its departments, within the
limits prescribed by the constitution, implying, of
necessity, the full maintenance of the rights of the
States, their rights in regard to their own institutions
of included and especially the perpetuaton of the
federal Union and the repression of sectional hostil
ity and prejudice by the constant cultivation of those
fraternal sentiments, and the steady maintenance of
those principles and OF Cancellation and com
promise in which the Union was framed, aud in which
alone it s TO be preserved In laying before the
try the outline of his policy in regard to these vital is
sues of good government President Pierce has proposed
to himself and his administration work fully adequate
to satisfy the highest aspirations OF patriotism, and
crown the noblest fame of craftsmanship He has met
the exgences and responded TO the urgent demands OF
the country He has spoken the word for the times
In special sense, and in its whole extent, this high
commentator is emphacally true OF those passages of
the inaugural which refer to The territorial expansion of
our country and It's policy towards foreign powers The
clear and condensed declarations of President Pierce upon
these momentous opcs-topics involving both our ma
tona character and national desny--ill be read by
the OF aparotic people not alone with full appro
baton, but with profound and earnest sympathy. That
the national and the individual rights of American Cit
are 10 be everywhere projected from all foreign
aggression; that no foreign power be permitted TO
gain new foothod or new jurisdiction this continent
that country territorial expansion by the natural
law OF growth, involving rishtul acquisitions OF
rtory, is evil peril. but, the contrary new
bond Of union, element OF prosperity, and new
bulwark Of safety; that policy towards all foreign
nations the policy OF peace, and therefore OF justice
and finally, that since apparent advantage compen
for national wrong dishonor, therefore, the
part Of government, or Of any portion of citizens
is 10 be tolerated. which is not strictly consistent with
national faith and justice-these sentiments which
will carry with them the mind and heart OF the country
As set forth in the inaugural address Of the President
they imbody The sense OF stalemanshp adapted to our
present national attitude and fully worthy OF national
character.
In characterzing that portion OF the inaugural which
fotsshadows the foreign policy of the new Executive
undoubtedly that branch Of policy upon which the
public eye is most intenty fxed-we need hardly remind
our readers that the declarations OF the President are
not only entirely in harmony with the principles and
views which this journal has, in our hands, sought
TO maintain but that they in accordance also with
the anucipations, we have from time TO time
pressed as TO the course OF the administration
Having been constantly summoned by Of duty
TO animadvert with severity upon the management OF
our foreign affairs during the past four years, hail
the advent 10 power of Executive whose first official
act gives ample assurance that in attitude towards
other nations we are the future to have dmeicdn
pol,ey for thu Amsrioan continent 1t has been the pur
pose OF this Journal upon all proper occasions to uphold
this principle as an essential element OF policy OF
peace and to forth the solid grounds OF wisdom and
expedency upon which 1t rests In so doing we have
found, during the last four years, too frequent if no,
continual occasion to deplorc and condemn the evil
results OF it's inracton. From the inaugural address
of President Pierce, from all that is known or
anticipated OF the character and purposes Of his admins
traon, the county will derive assured conviction
that our government while prosecuting the work OF need
ful reform al home, will guard with vgilant and prudent
frmuess it's rights interests aud honor 10 the presence
Of foreign powers In such policy, the sentiment OF the
people will be responded to- the spirit of the democratic
party will be carried into effect and the peace Of the
try placed on its only solid foundation.
| The Condition Of Pablo Business.
We perceive that portion OF the wing press, in its