The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-11

msrepresentlt ons, and in conflict with the actions
of the hoard; the cit zens of New York opposed
to it; but go up bya number OF Interested indi-
viduas for the purpose OF enhancing their property
He voted for the adoption of the resolutions Alder
man Avord said that III ugh the Legislature voted
for it, the city was to pay for it, and he would vote
for tie r, 50 vi on, which ultimately adopted.
veto from the Mayor 8 received against raising
the salary Alfred ancellor, the scrivener of the
Halls Of Justice, rom $500 to $3.50.
The Triennial Convention of the Protestant Epis-
copal Church held its fifth days meeting in st. John s
Church sterdsy. The most important and interest
ing portion Of the proceedings was debate which
arose upon proposition Of the Rev. DR.. Mason, of
Indiana, to the effect that the delegates re-express
their good feeling and sympathy for the delegation
Of dvines from the Church Of England, and their
desire for a more intimate interchange of opinion
with tie established Church Of that country. Many
eminent lay members thought that this savored of
union between Church and State here, which they
said was most repugnant to the American mind,
as was any idea OF an interference by the Angli-
lean Church in our ecclesiasti cal affairs. The
resolutions of courtesy were adopted, the members
unanimously eschewing all notion Of contempt ating
thereby church establishment here, or any union
with the hierarchy or civil heads of churches in
other countries.
The steamship Canada is about due at Halifax
with one weeks later news from Europe. It is
thought that the Humboldt, advertised to leave
Southampton for New York on the 18th ult, was
detained at Havre by low tides. Her owners conse
qrentIy do not expect her to arrive before to NOR
row or the day after.
The Financial and Political Condition OF the
United States.
The year 1887 was one Of the most disastrous
in the annals of our country One thousand OF
our most distinguished merchants, shipowners,
manufacturers, and financiers, in the city of
New York, broke down in the space Of two or
three weeks, and forty thousand more were
struck down in the country. causing failures to
the amount of five hundred millions of dollars.
and involving all the banks and the States
themselves, a few years after, in the same catas-
trophe. The social caamities which followed
in the train of this terrible reverson in trade and
finance are yet fresh in the minds of thousands.
Families in wealthy and afiluent circumstances
were reduced to penury-widows and orphans
to whom competency had been secured
driven to want-and the honest worknen, de-
pending for the support Of their wives and
children on the wages Of their daily labor,
abandoned to idleness and despair. The savings
of years of patient industry, the wealth amassed
by long and successful labor, were swept off by
one fell blow, and the hopes and prospects of
numberless families irretrievably ruined.
| What was the origin of this commercial
financial, and social revolution?
Many causes no doubt conspired to produce
it; but the chief cause, to which all others were
subordinate. was the administration of Martin
Van Buren,, and its mercenary spirit, which had
already infused itself into the three last years
of the administration of his immediate prede-
cessor. 1t was the spoils politicians of the
Albany Regency, with Gov. Marcy at their
head, who produced the calamity of 1887. 1t
was the men who looked upon the whole prob
lem of government as the art Of procuring ma
iorities at the polls, no matter by what reck-
less or despicable means, who did the mischief
| What were commerce, manufactures. agricul-
ture justice, the honor of the republic at home
and abroad what the great mission of the
United States, to men who treated every Office
under the government as public plumber, and
whose governmental philosophy and ethics were
summed up in Marcy's motto, " To the victors
belong the spoils ~
The administration of Martin Van Buren, was
ushered in with great promises, and with re-
iterated professions of honesty and integrity.
A surplus of thirty millions had accumulated
in the treasury. sufficient to control commercial
enterprise and to affect every species ofindustry;
the country was supposed to be prosperous be-
You'd all precedent; yet at bottom there was
nothing but delusion, false pretensions. AFRO
CANT presumption, and want Of system and
knowledge, in all the arrangements Of the gov
eminent. The crash at last came-wealth
credit. the surplus in the treasury, the popular
ity and power of the administration, finally Mar
tin Van Buren, himself together with the Albany
Regency, and all the vagabonds and spoilsmen
under it, were swept from the board.
We are now on the eve Of similar revolu-
ton, under the auspices of Marcy and the young
er Van Buren,. The vultures and spoilsmen of
the party have again possession of the govern
ment, and are prostituting it to the same infa-
nous purposes. Our paper circulation is more
expanded than it was in 1887; banks have null
piled in all directions; State credits county
credits, town and city credits, as we'll as rail-
road and canal credits, have multiplied beyond
anything dreamed Of in 1886 and 1897, and the
increasing imports will soon raise the surplus
revenue in the treasury from thirty to fifty mill
lions of dollars. And in the face Of these APP
palling difficulties, the threatening aspects of
our foreign relations, and the approaching re-
viyal of sectional agitation at home, the power
and influence Of the administration are fritter-
ed away in the distribution of the spoils among
drunken vagabonds and rowdy politicians! In
the midst Of financial crisis. and surrounded
by dangers from which to escape will require
all the talent and all the experience Of think
ing and Iefectinn statesmen QUIZ Secretarx Of