The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-29

these s'upenGcns lobby combinations: but the
financial managers Of the Seward party we're the
leaders in The game. Nor can we estimate the
extent of the land and railway speculations, bank
mutations ard bank susp apsions resulting from
the Kansas agitation and the stimulus thus
given to Northern emigration Westward, not
only 10 Kansas, but to every part of the North
west from Illinois and Michigan, to Kansas Ne
blaska and Minnesota.
We cannot overlook our heavy exports Of
specie, our excessive importations of silks aud
laces aud French bDouer1e and the continually
increasing spread of criuoline and fashionable
fummery which call so urgently for the widen
ing of Broadway; we cannot shut our eyes to
the fact that the combined resources of our
Egyptian graDaiies Of the West, our
world-clothiDg cotton fields Of the South
and our inexhaustible gold fields of Cali
fornia, have failed to meet the demands of our
reckless extravagances. But the great primary
cause of these excuses of vanity, fashion and
folly, and of this searching financial revulsion
may be traced to those Northern and Western
railroad and land and town lot speculatlons, in
which the North and the West have been operat-
ing upon a fictitious margin of hundreds of mil
lions of dollars
In the creation and imitation of these land
railroad and stockjobbng bubbles of all kinds
We find the financial managers Of the Seward
coalition, from Washington to Albany, and from
Wall street to Kansas in the foreground; and
we shall find them in the end reduced to their
proper level. Money is more powerful argu
ment than niggers; for that which touches the
pocket conviDces alike the reformer, the philan-
thropist, the fanatic, the politician and the stock
jobber. "Where shall go?r said Daniel Web
ster, when left alone in Captain Tyler's Cabinet
'WheIe shall we go?' will now be the cry of all
sorts of deluded stockjobbing and specializing
politicians. "A national bank is an obsolete
idea;' We have no hope from pet banks or State
banks Of any kind, in party movement. The
republican party is powerless at this criss-the
Know Nothings are done for. Where else can we
look for relief or safety, but to the administra-
ton, and its solvent and solid financial system?
Thus with this present financial revulsion, the
seeds of a.great political revolution will be sown
broadcast over the land, from the East to the
Wet The federal administration holds the
balance of power; its financial system and ts
financial resources and soiidity will thus exert
positive and universal influence In the recon-
structon of our political parties, and in shaping
the issues which will hereafter divide them. In
this view, the prospect for our November cleo
ton assumes widely different aspect from that OF
three short weeks ago. Bleeding Kansas" which
was then in the foreground of the Seward move
ment, now falls into the background; and the
orgumentum ad hominem, or cash argument, now
touches The pocket of every speculative and
stocbjobbipg politician in the State.
A remarkable feature of our late Syracuse
State Conventions democratic, Know Nothing
and Seward republican-was the very remark
able coincidence in sentiment among them ALL in
reference to q searching reform in our. policy
of legislation at Albany; but it is still
more renal kable fact that, with all these
fine confessions and fair promises from
democrats, Know Nothings and Seward republic
cans, they were all managed pretty much by the
same stockjobbing influences. Now, with this
inarcsl revulsion upon us, and with all this fc-
titious system of speculative profits, paper divi-
bends and imaginary mountains Of wealth fading
with puff of wind away, like the vision of cities,
lakes rivers and palm trees in the desert of Sa-
bara our political party iDaociers will be brought
to reason. Many of them will see that there is no
secure shelter now except under the protecting
wings OF the general government And here the
democracy have the vantage ground They
have the federal treasury system aud the admins
tration at their backs, and they will have the
next Congress.
Accordingly, we should not be surpriscdsshort
as Is the interval to our November election, If
the democratic party were to carry the State
from stem to stern. Perhaps this impending re-
sction against the niger agitation may be de-
veloped to come extent even 10 the October cleo
tons Of Ohio ard Pennsylvania Let US wait and
see. Revolutions never go backwards; and this
inarcial collapse must inevitably bring in liz
train all the elements and Issues OF great poll
teal revolution. II il the ferccst thunder storm
that most thoroughly purides the air,
OuR Horn. sYsrEM-At period when every
man must feel that the money which be spends
on personal uxuries Ia 20 much taken from the
means of propping up his mercantile credit, il
would be well to consider whether some com
biped movement cannot be made TO effect re-
form in our habits Of living. II is so much the
custom for people, nowadays, to live in hotels
and the opportunity of concerted action in this
respect is thereby placed so Immediately within
our reach that the Inquiry at once suggests itself
why should not the movement begin in those
establishments Their prices are exorbitant their
table, are loaded with trash, and the pockets and
digestion OF their inmates are taxed TO point
for which there lie no justification. Hotel proprie
tors themselves are as much convinced of these
facts as we are, but plead in their defence the ne
cessity of conforming to the extravagant taste OF
the times This excuse II now, or If not now
very soon will be at an end. People will be com