The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-15

TIE Hunter Men and Governor IFalker-IVhat the
Administration Is to EIpscf IN the Event Of Hun
ter's Election to the Senate Governor Floyd and
he United States SenatOrshp- Cra,ctord's Statue
of Washington High Rate Of Exchange on Neto
York, &c.
The friends of Senator Hunter seem to regard Gov.
Walkers rejection of the votes Of Oxford precinct
as decided triumph in his behalf This act rs looked
upon in the light of post facto guilt, justying the
sentence of condemnation pronounced by Hunter
upon him in advance and the purpose of opposition
to the administration evidently foreshadowed in
the Senator's late letter to Mr. Leake. The opposi-
ton waged heretofore upon mere pretext, will
henceforth be pursued with vigor unparalleled in
the history Of that distracted Territory the ultra
lists" fancying that they are now furnished with an
argument which will justify any amount OF censure
upon Walker and the administration They will
overlook the Oxford frauds in their zeal to condemn
both; aud | question if they do not hail this act
on the part of the Governor AS peculiarly
opportune. The pretext heretofore assumed al
justification for the war made upon him was last
dying OUT and the public were well nign Disguised
made the fimsy excuse. !" Othellos occupation"
would have been fairly at end had not this recent
act Of Walkers furnished plea for its revival But
even in the absence Of any such pretexts question
if opposition to the administration would cease The
spirit of hostility rife to lack elements for it,
sustenance. II not in Walkers course, it would dis
cover some other grounds OF opposition upon which
to act. Many OF those who now cry out against the
administration for its acquiescence in Walkers
policy have been secretly if not openly opposed to it
from the start and is out of the question to sup
pose that its course however perfect could have
conciied these maicontents stayed their hostility
What but overwcening desire for opposition could
discover in Walkers first pronunciamiento pretext
for attack upon the administration; prostitute rs
in 40 1aSf ipsfa he inte eynItpH
right Of suffrage merely for the sake Of a shallow
pretext of hostility. The most that can
BE- said of this W.t exercise Of t6,t power on
somewhat premature and peremptory. Ultimately
the result would have been the same, and in its de-
cision at this early stage, much expense, nconvc-
nience and angry debate has undoubtedly been OBJ
Waited To every candid mind Governor Walkers
course would seem justiiiable, and have not the
least doubt but that public opinion will bear him
out, not only in his policy with reference to the
| Oxford fraud, but also IN his general course of
| action.
! Should Senator Hunter by any chance be reflect
ed to the Senate, he will III all probability pursue
policy of direct and vigorous opposition to the ad-
| minist,ation. When he indicated purpose Of OPP
position on the mere shadow OF pretext afforded
by Walkers incipient policy, what is he not likely
| to do now with such broad grounds for opposition
as his recent course is made to constitute? should
not be surprised if the Legislature of Virginia. in
view of the prospects which this state of affairs
foreshadows, would postpone the election until the
next session Of that body. # he happens t., to
! be elected this winter, and thus virtually
guaranteed exemption from responsibility for
any OF opposition which he may pur-
| she towards the administration from this until
the commencement of hs new term in 1859, rest
assured his incnations will have attained fresh
impetus and his purposes will be carried out with
out restraint. understand his friends in the Legsa
ture intend to force the election the first second
week Of the session. but that they will succeed Is
/ very questionable This is suggested by the
| idea that he will be stronger at the outset than
| during any subsequent period Of the session.
| similar plan was pursued In regard to Senator
Mason's election at the last session of the Iegisa
ture. and question il the attestations of the i'm
policy Of that course furnished before the close OF
that session, and the regrets expressed by many of
the members. will not influence greater degree OF
caution the part OF the coming Legislature.
Many of the members who witnessed the disad-
vantages, and perhaps shared the regrets which
that policy entaed. are TO take their seats again,
and it is to be presumed they win not wholly dis
! regard the admonitons of their former error.
! understand it Is contemplated to instruct the
/ three members and State Senator elect from
! this city to vote for Wise in caGcus.
Should they refuse 10 do so, they may prepare for
retirement next time. The individual having least
claim upon the surages Of the people of this city,
TO whose vote he IL indebted for his election il the
/ person in respect to whom there exists any doubt
upon this subject. They will all be instructed how
ever, and that from source whose instructions they
| will find il impossible to disregard.
There is truth in the report that Gov. Floyd'S
name is mentioned in connection with the Senator
| ship | understand he is decidedly opposed TO the
| OF his name in any such connection. Moreover,
according to the geographical standard which seems
10 govern the people OF Virginia in the distribution
Of these high Offices he j. nj the wrong side Of the
ne-the policy being TO elect Senator from each OF
the two grand divisions Of the State, determined
. by the Alleghanies. His time will come yet, how
ever. When his present term in the Cabinet shall
have expired il y probable he will be chosen 10 oil
the vacancy in the Senate next ensuing. The people
of Virginia feel an exalted pride in the distinguished
! Secretary.
| Crawfcrd's equestrian statue OF Washington has
| arrived here in the Dutch brig Walborg. Prepare
tons foot for its removal from the vessel to
the monument IN Capitol Square, upon which II Is 10
stand The ceremony Of the Inauguration will
probably be deferred until the anniversary Of Wash
ngtons birthday when II IA expected the President
Of the United States and his Cabinet will attend.
The Legislature and Congress will be In session at
| the time, SO that the occasion will be peculiarly
opporune for an appropriate display. The statues
OF Patrick Henry and Jefferson. which now stand
upon temporary pedestals, will be transferred 10
their destinations on the monument at the same
time, so that the ceremony OF the Inauguration will
he made 10 embrace the three statues.
Exchange New York still maintain an exor
bitant standard, being In instances purchased
/ 1T 80 high rate ~ fourteen per cent. premium
have heard Of firm In this city paying one thou.
sand dollars premium In one day on New York, and
our smaller merchants suffer proportiOnatey. This
must materially diminish, IL not wholly absorb the
, profits GA their sales Nor X there likely 10 be
any relief from this mpost before the resumption
OF specie payment ny our banks, which y not likely
to lie before the payment OF the interest the
State bonds in January. All the State deposits
made with the hanks here and they pay out "a they
are drawn upon State account. Most Of these
payments having to he made In specie, they must
necessarily be the reserve 70 meet them for had
they failed TO meet the State demands TO the extent
~ her deposits there would h. end 10 them.
There II, therefore, hope Of adjustment in the
rate OF exchange pending these heavy drafts and
until trade between this city and New York Is re-
stored 10 something like a proper equilibrium.
Owing to the limited shipments Of tobacco and
-four from this port, the balance Of trade Is too
largely IN favor 81 your city and a consequence,
there !, perpetual drain upon us for specie. The
wonder j. that II has not been exhausted long ago
The National American, late Bolts organ. died in
this city recently for the nth time. II j. said TO