The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-17

their hero for the succession Gushing and the
Kitchen Cabinet seconding the motion. Pitting
Buchanan then, and bis war policy against
Marcy, the old premier was to be displaced,
and his old fogy peace policy was to have been
superseded by the first of January by a new
premier, and flaming war message to
Congress on our relations with Spain and
the island of Cuba Our readers will remem-
Der that shortly before the re-assemoling Of
Congress, we were advised from Washington
of these expec tations; and that the administra-
ton would, most probably, begin the new year
with a new Cabinet, and bold and dashing
war message, as the last expedient of escaping
the fate of Captain John Tyler. The only
obstacle to this dashing revolution was Marcy
and the forced resignation of Soule tells the
rest of the story.
This forced resignation then, of Soule, brings
ON crisis in the Cabinet. Marcy, thus tar,
wins. The mission to Spain, with hundred
millions in one hand and war in the other"
has been countermanded by Marcy. The Os-
tend plot, with it's war programme, and with
Buchanan as its war champion for the success
sion, has been blown up by Marcy. Buchanan,
Cushing, JEFF. Davis, and the whole filibuster-
ing coalition, fall with their scheme and their
active agent Soule. Marcy rules the roast;
but now comes the struggle upon the reorgani-
cation of our European diplomatic corps and
the Cabinet. Here there is still chance for
the Ostend alliance. If they eau get Marcy
to London or to Paris they will do it; they will
increase the salary, no doubt if that is the only
stumbling block to Marcy. Forney will see to
Cushing, or JEFF. Davis, or Gen. Qisman may
be slipped in; and thus Marcy himself may yet
be instructed to carry out the filibustering
policy which he has to this point so signally
defeated.
In this view, we perceive that the Cushing
and Forney league are also laboring to get
Guthrie out Of the Cabinet with Marcy
Guthrie's old fashioned notions of disbursing
the public money, are, it must be confessed,
entirely antagonistic to the free and easy
school of Forney and the Kitchen. But
let Guthrie hold fast; and if Marcy should be
called upon to answer to the complaints Of
Cushing, Davis and Forney, that his old fogy
peace policy is disappointing the just expecta-
tions Of the Pennsylvania or Mississippi demo-
cracy, let him remember the example of
Guthrie. Called before the President to answer
for refusing to pay to Forney spurious de-
mand upon the Treasury for twenty thousand
dollars Guthrie said Yes, sir, refused, and
I'll be damned, Mr.. President, if pay that
money but if l am in the way to the execu-
ton Of your wishes, you know what course to
take" So let Marcy stand his ground and
if a hint at resignation should reach him, let
BIN reply, "No, sir; you may remove me at
your pleasure, but III be damned if resign"
Let him do this, and he may defy the intrigues
Of Davis, Gushing and Forney to the end of the
chapter.
Let Marcy and Guthrie stand their ground
They are somewhat useful to the country at this
juncture against the flibusters and their designs
upon the Treasury and upon the territories
OF our neighbors In behalf of Pierce himself
let Marcy stand his ground. remaining inhexi-
bly, where he is, and let Guthrie hold fast to the
keys Of the Treasury for if these two old
fogies 60 out, we may need loan before the
next Congress to meet the ordinary expenses of
the government, and an extra session to meet
the requirements of an unconstitutional war.
The crisis has at last come for the re-organiza-
ton Of our diplomatic corps upon some new
foreign policy and there is heavy Kitchen
pressure for a reconstruction Of the Cabinet.
There is danger ahead. Let Marcy aud Guth-
RE stand fast. Strange, passing strange as it
may appear, the solvency Of the Treasury aud
the good faith of the country may now depend
upon Marcy and Guthrie The crisis has come.
Let them stand fast
War Between Wall Street and the West
Progress OF the Revulsion.
The meeting of Page d Bacon's friends on
Monday evening has had at least one good eff
fect it has shown conclusively that the dishopor
Of their paper did arise, as we stated, from
gratuitous desire on the part Of their CORES pom
dents to effect their ruin At the time that pro-
test took place, that firm had agreed to pay their
drafts to an amount of S1O0,0G0; any liability
thus incurred being shared by VIM. II. Aspin-
wall. The drafts came amounting in all to
100000, and Messrs. Duncan, Sherman Il Co.,
interpreting their agreement differently from
Mr.. Bacon, Mr.. Aspinwall, aud every one else
who has read it, protested them, after quarter
Of an hours notice to Mr.. Bacon and Mr.. As
pinwall. To say that this conduct is at variance