The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-07

aon OF the tariff and the restoration of our
banks, currency. trade aud exchanges to Q
healthy and uniform system.
We do not suppose that the administration is
prepared to enter upon Bentonian crusade
against the State banks, with a view to the de-
struction of all banks, and the establishment of
univ ersal and exclusive specie currency That
thing is a myth-a Bcntonian humbug and
whatevcGmay be the powers of Congress, the
States have so long and SO far been permitted
each carte blanche in relation to banks and
banking that it is too late in the day to attempt
seriously to interfere with these practically con
coded State rights. The administration. finsn-
cially will have enough to do to provide for
the increased, and still increasing demands of
the treasury but in the matter of a treasury
loan or an issue of treasury notes. and in the
modification of the tariff, much may be incl
dentaly done for the financial and commercial
relief of the country.
The two houses will meet to-day at twelve
o'clock; and the days proceedings in
each will probably be limited to the
organization, and the appointment Of joint
committee to wait upon the President and inform
him that the two houses have assembled, that
there is quorum in each, that they are duly
organized, and are ready to receive any eommu-
nication which he may have to make. An ad-
journment usually follows in which event the
Message will be the first thing in order-after
prayer and the reading of the journal-to-mor-
row morning. Possibly the Message may be
read to-day, but we shall be content with the
ordinary CUSTOM and, in anticipation of a smooth
organization, We expect lay the full programme
of the administration before our readers before
the next setting of the sun. We expect an cx-
cellent Message; but whatever it may be, il will
stand hereafter as the initial point of a new and
a most important and momentous epoch in our
political history.
All the results of all the revolutionary move
ments, revuisions and reactious-political iinan-
cial and commercial-of the last six, nay, of the
last fifty years, will be concentrated in the
parties sections factions and projects of this our
Thirty-fifth Congress We enter the vestbule
to-day TO q series of the most pregnant move
ments and measures of the nineteenth century ;
for never before has the whole civilized world
been so deeply as it is now involved and in
terested in the affairs of this great confederacy
The TROUBLE IN THE New YORK CENTRAL
RAILROAD CoMPANY-BACKBoNE WASTED.-The
New York stockholders of this company lack
pluck. They started hue and cry for another
representative in the Board Of Directors, stating
that as New York held fve-eighths of the stock,
she ought to have at least three directors out of
thirteen. But whether or not they have been
frightened by the cavalier treatment of Presi-
dent Corning, who is said to carry this road
where Commodore Stockton carries the State of
New Jersey, this demand has been abandoned,
and ticket has been nominated, including oil
the old directors, with but two exceptions. One
of these is Mr. Edward Faile, who declines to
serve, and the other is the director from Utica,
who is left OIL the ticket without any reason
being assigned. But, as will be perceived from
our report of their proceedings of Saturday
they have humbly set forth in a communication
to the directors the reforms which they recon
mend" They were about, in their profound
knowledge of the affairs Of the company, to pass
laws governing the directors, when some astute
genius discovered that the directors "can do
pretty much as they pleas" and these resolutions
are presented in the form of ''recommenda-
tons" One or two sensible men finally point
ed out to their brethren with more money than
brains, that they were entirely in the hands
of the directors, and the only remedy for abuses
was to turn out the directors and elect men in
whom they could have confidence" How can
moneyed men expect to profit by their invest
men,s if they express no care for them until
they turn out to be almost worthless? Here Is
a body of stockholders confessedly without a
knowledge as to who are the custodlans Of their
property--as to the legislative provisions af-
fecting the same-as to how the road If conduct
cd, and many other minor matters Thus the
Central. road proves a road to ruin" and the
stockholders seem to be not much the wiser
until their money is gone. The meeting on
Saturday, however, did two sensible things:
first, TO express fear Of getting into the hands
Of the Legislature; and second. to refuse an en-
dorsement Of the present management. A
grand fare-up is prophecied for the annual
meeting at Albany, on the sth or 9th inst. We
can only reiterate our recommendation to "look
out for the Developments"
THE DEMOCRATIC CONGRESSIONAL CArCrs on
THE CONGRESS PRNrNG.-From the proceed
ings in the democratic caucus at Washington
last Saturday night, on the question Of the Con
gress printing IL is evident that when that sub
iect il fairly broached we shall have some rare
sport. This printing embraces clear profit to
the happy recipient of about hundred thou
sand dollars a year-four times the amount of
the salary Of the President Of the United States.
Here, then, is plumber worth hXing; and we
may depend upon it that there will be terrible
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