The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-26

cso1ef union, ana an aggressive fOre,g1 p0cy, and
btwiideIed by the confusion oil iAeas which srsats
Hauohh greatness identical witN the extension Of
p&uonsi territory. Till the present election tbs
SoHtn ana coDsldefable portion or the North hayo
always agreed in toe same CONCLUSION fnc u gh tbeg
have mot arrived at il by tue ne premises But il
the eltcon just past the case mas been very differ
!, eht "A considerable portion oil the South 1eat near
tily with the violent and unconstitutional II ,ures
Aby witch il sought to establish sayeryin IN Kan-
AZ; the remainder OF the 6outa wa kewarm,
an the supper ess Of Mir Brehanan ia the North
wa utterly opposed to /" border runiaoism in al
its CONVERSATIONS H. is quite clear from tao
adnA sson of yr. Bnchonan's own supporters thst
the ' ictory was obtained. by representing. hn ia
one pa rtion Of the Untld St.es as fully Identified
with Il e policy Of Mr.. Piece--who IL, we near.
about 70 Claim the result OF the election as or
formal pprooaton on mis- own conduct-wlile
another arty were told that they might rely upon
it that if N :, Bu hanan returned ali his efforts
would be de voted 10 obaihiog the freedom OF Ksa-
sas. The ta tics wtIe very successful, and mea
conyefsanf nh the high tone of morality which
usually diiects the proceedings OF contested cleo
ti0n Will not b supposed 70 scan such conduct tee
nicely. Bot VA ven the election IL gained such
manoeuues have their difficult ties W1F
What is Mr.. Buchanan 20 do? rs he to make
Kansas slave or IN eel Ii the former, he win be
branded traitor BY the North; If the latter, be
will be denounced as renegade by the South. The
position is delicate "A I'd the decision ticklish but &
must be made; IL cann OF be temporzed with psst
poned. The demands sof the crisis are urgent ana
exgeD and the result 0 the decision Is hatred rea
one part Of his support. ers or infamy among the
other. What higher obje . can ambition have than
place its vctary between the horns of 50 blessed
an alfernative2
Again, from whom shall Mr.. Buchanan foru
his Cabinet Shall he seleAt as his advisers the
disnnil nis's and fhbasters Of the South, sr
the gen Of d he IN the foreign
train and deare, above all things, to main
tain the integrity OF the Uaion; or shall he.
like Nh. Pierce, blend the discordant eleDentDsv
sesher, ard seek to administer the aifaiGs of Ne
country with Cabinet 0ne-half OF which is in tAe
most direct and violent collision with the othsrH
No decision can be taken which is not full Of risi
none which VIII not alf nate q considerable portio9
OF the party to which he owes his power. He has
not only the ordinary difficulty Of deciding betwsen
right asd wrong, but the certainty that whstev0 BE-
decides will give mortal offence 10 considesble
portion of his supporters. Already the North b.
gins 10 admonish aud the South to bully him. He
rs accused OF treachery before he has had tho sp-
act. The language that IS already held towards him
by portion OF the Southern pr forcibly reninls
US o. the terms with which Sr Robert Peel Was
sailed when he announced his intention of repeal
ing the Corn Law only that Sir Robert Peels party
ouIy waited til the determination Of thcir Leader
was known, while Mr.. Buchanan's friends seek 70
form his decision for him by loading him With
q mouL tain CT conditional invective. The davs q
nusqaam tu!a fdes are coming in America. ManV
simple minded slave owner is awakDg to the coa-
yiction thas he has been deceived, aud VOWS vea-
gesnce on the head OF the man whom he sent for -
curse his fees but DO he believes has blessed thea
altogether.
cnOice
Buchanan there Is, We apprehend. as little doubt -
to the coure he ought TO pursue In the choice IL
Hercules bimself To 90 all lengths with tse vioicnk
southern leaders would be TO forfeit the honor Of ls
country, to render the republican party invncihls
II the next election, to make an irreparxble breach
between North ana South and to plunge the country,
for no adequate reason, into the risks and sxpena1s
OF q foreign war. Peace, union, good order would
be the natural result OF the other line OF policy We
earnestly hope that when the time for action arrives
the President viii not Tor moment Hesitate between
the two. s.-a ..srss
The rrench Papers on mr.. Huchsnan.
The election OF NJ. buchanan to the Presidenev
has proved very distas,eful 70 the dsssssbies Ma
f,ondte. The Journal d,s De6afs on the other hAnA
Son1esTs Gsns ~ \, n sompr me an sdSs
any importance 10 the famous Ostend manifesto ana
the Cincinnati platform. These are documeuD
which are to be forgotten as soon as possible str
attaining power. In thinks that Mr.. Buchsuan's
election IL OF more service TO the interests Of the
conservative party than that OF Col. Fremont would
have been and II gives the following reasons for it
The election Of Mr.. Fremont, Mr. Buchanan's ad-
vtIssTy, would have been much more menacog -
the tranquility Of America, aud consequently to hek
out between the two parties who divide The Unisa-
The erayest aspect OF the recent ele ,tors
struggle IL not so much the victory OF Mr..
Of votes which his opponents received.
The amount OF the minority vote was certainly wr
expected and unboped for by the most ardent per
prospect Of victory before long This Is the hrsk
time in the history Of the Unied States that the Pro-
sdtntal contest was carried on on the hot ground q
slavery and abolitionism. The word which would
formerly have frightened every citizen, and which
he would have heard only With scandal and horror
the word of dissolution Of the Unionp--has been
openly pronounced. That which would formerly
have been blasphemy has become an electoral g.
vice. II il tnat which has alarmed many citizens q
the North, who, Notwithstanding, are partissns e
abolition, or who would at least wish 70 restrict
I'm fo limit onAsx ttxotH<
tion Of moderate and conservative men who have
given Mr.. Buchanan his majority. The whole So0th,
without the exception Of single state-IE ExcepA
Mr.. Buchanan; Whit the North was DIVIDED bs
tween the two candidates The confess wss,
therefore, not regularly engaged in betSees
the result might have been quite difcreuk-
for, after ALL the North Il the strongest AMI could
II II wishco, crush the South. But that would be
civil war IN which victory would be the end OF The
yet reached that extremity; they viii evsde Il -
long Is possible, and viii avail themselves, 10 ~
end Of the plan Of conpromises, Agrcem sae
Mr. Buchanans election; and u II in that that
We ssy II must be regarded as the triumph OF ~
conservative interest The ideas Of moderation
whith Mr.. Buchanan represents at home he vi1f
also, II 10 believed, represent abroad When peepAo
talk OF the Osterd manifesto or Of the Cnclnns2
platform, and Of the pledges made by the ssw Pr
extended 10 msniiesfoes and electoral psogram@es~
In conclusiou the yc~rwai des Dsbsss rcmasln
that the action Of the Americans win depend tke
condition Of Europe, and that they win not think -
attacking Cuba so long az the naval Powers rcmela
united. The chief protection OF the island Of Cubs,
ssys the youvwai, IL the alliance Of France anA
England. OConnen bad proverb which he oft0
repeated-.Ep glands misfortune is rrsland's oppurl
tunity.r In the same way, discord In Europe w0slA
be Americas opportunity.
Financial ana CommcsciaI.
fvrom the london Tin -, Cy Article. Dcc 10
ne arronpcement " the large shipment n sovercou1
by the mssisr mail, and OF he advance In the rsAS Z
dlsseunt BY the BApk OF Holland, caused the KneuA
funos 70 with dulnees this morhng n declips q q.
The mashet oonsued 70 show hsaviuess until The eDpsA
vksn the fsct d The frss Milton havne brought yS
amount d sold nom Melbourne, coupled VIII . 49,
n ore favorable appeorNnoe a ~ oreign sxonnnGA
caused revival q ccsAsesos In NE dlsoouns uasS
o. ~ tbs nsnk Of EnGaad ths dsnAsd 80 vsry scvoa
fa.l rates. hs2pssss that the rstner hAyy sh.SS =