The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-30

epeediey remedy, anc they, too, were re-
quired 10 act Immediately. The whig Con-
gtess met. Gen. Harrison in the meantime had
died, and thus John Tyler became President of
the United States under the new wing regime.
The party, in the canvass OF 1910, had de-
nounced o United States Bank as an obsolete
idea;" but when brought up for action, they
could devise no other expedients OF relief than
to pass bankrupt law, to repeal the Sub
Treasury, passed the year before, under Mr..
Van Buren,, and to establish another national
bank. A general bankrupt law was passed,
the Sub Treasury was repealed; but upon the
main question, after q most exciting and hard
fought battle between Mr.. Clay and the Presi-
dent, two experiments at national bank were
swamped by the memorable Captain Tyler.
There was sudden and terrible party explo-
zion. Captain Tyler was read out Of the wing
church-they had caught Tartar and lost the
government; and thus the great victorious car
nival Of 1910 collapsed in the extra session
Of al.
But it was not the extra session of ,37 that
caused the downfall of Van Buren, and the de-
mocracy. 1t was the explosion of Old Hickory's
financial system, under the man pledged to
follow in the footsteps of his illustrious pre-
decessor." Nor was it the call of an extra
session which destroyed the wing admnistra-
ton of Al. 1t was the death of Harrison, the
treachery Of the wing party in the canvass Of
1910, on the bank question, and their folly in
attempting to use Captain Tyler as bank
man, after having elected him as an anti bank
man, that broke them to pieces.
We therefore repeat, that the disastrous pre-
cedents Of 1887 and ls4l suggest no cause Of
alarm in reference to an extra session in 1855.
There is no analogy between either of those
cases and this OF Mr.. Pierce His position, and
all the circumstances of his position, are en-
tirely different from either. He has no party
to be sacrificed in Congress-none in the coun-
try-they are already lost. He is not st the
beginning but is approaching the end OF his
term. and has nothing to lose; for surely, as
matters now stand, he can Fave no aspirations
for the succession Nor is he called upon to
give relief against a financial revulsion the
evils Of which can only be remedied by time,
economy, and the fixed laws of trade. Van
Buren, and Harrison were required to attempt
impessibilities, and of course they failed We
ore aware that superficial and superstitious
idea has prevailed among politicians from these
precedents-that an extra session, like the be-
ginning Of journey on Friday, is sure to be
attended with bad luck-we are appraised that
the feeble mind of Mr.. Pierce may share in this
ignorant feeling Of superstition; but let the oc-
casion justify it, and there is positive safety in
the call of an extra session Of Congress to q
bold man in the position of Mr.. Pierce
Look at it. It is eight months yet to
the regular assembling of Congress. Within
this interval there may possibly be peace
in Europe, and such an attempted "ba-
lance Of power" in the Gulf Of Mexico as
will drive us to war. Mr.. Pierce can lose no
thing, for he has already lost everything. The
Congress which he will call together is not Of
bis party. Neither he nor the democracy will
be responsible for it's acts. Let him recommend
the dashing policy Of reprisals against Spain,
and let this new opposition Congress reject it,
if they dare. If they concur, they sustain the
administration, and lift him at once on his feet.
Il they demur, he has an appeal to the people,
and may depend upon it. The case is clear
The administration must consent to die out like
tallow candle, leaving nothing but an un-
pleasant stencil and suffering in the socket,
or in adopting this bold American policy in
volved in an extra session, fame up at once in
a brilliant and glorious illumination.
As we must have an American balance OF
power in our own waters, sooner or later, peace
or wsr, we plead for the present crisis in the
call Of an extra session. Marcy is said to be
with us. We AL upon him, then, confdentially
to get up another Cabinet council, and then
and there to read the inaugural, the Koszta
letter, and this article, to Mr.. Pierce, and urge
BIN to stand his ground and electrify the coun-
try. Now is the time.