The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-24

aes Of remen we4 rsooYte Will. tns stocs c,nunu ID
70 be vey light In New orlesnI ON the 32i last mid.
ding TO gccd Middl!ry sold Ut 9kc . loc The 10 r
market yesterday exhibited more hrmncss, With . fair
snour; or saAs Prices closed =, about g. per barrel
advance for mos, descriptions Prime " clo.ce whsss
was without :bsrse OF moment, wnils oonmon Aod Ia
feor grades were easier Peime white Southern AMI Teo
cold ., 81 10 81 ~; re a. 81 rs sle4 Iuisrs
white 81 IS and Chicago aad Nil esuke a 81 0iAsl ts
Corn ser, With sales Of Western mxet ct 90
rec. and out OF order ct CSC. Pork dali aud
lexe', With Gales OF mess ~ SO 50 There good
demsnd rom the trade, whi.e p ices ~ere nIm; the
sales embraced About ,16l hhdS ct prices given In
AZ oher column. Coffee qus steady; sales Of $50
bags Of Rio were made b. auc.on ., lC1sc. II ave-
rage 10 COO kich pso,ed satisfactory and sustaae1
pr:oes. Fnlshts without change o. impoaaloe bui
ostd arm With moderate engagements
She Final cisl Policy OF the Ad@ipistra-
ton-What II true Econoiny:
Tie practical eject Of crisis like that we
lave just passed. through is to dissolve all party
organic aticrs, ard to bring all political issues to
the huchs'one of the pocket. A quietus has
been put upon the niger" agitation, because it is
en- abstract question that will last for long time
and upon all Issues of that character; and the
Mid Of every nan is TUNED to consider the po-
sitive and mstelial ou sious of the day, to learn
how they will affect his own individual int.
rests
For this reason the financial policy that may be
adopted by the gov, rtment will become the lead
ing issue in the reorganization tina, parties must
undergo; and for some time TO come class of
questions analogous to the old once of "bank or
TO bank, sub treasury or shiopla,ters," "pro.
tection OF free trade and others in finance and
political economy, will be the only ones that the
public nit will entertain. Tue coucse that Mr..
Buchanan may determine to pursue, in con-
du,ting the operations of the federal trea.
sury, will iheIefore have most important
tficc. in ranging mtn in support Of or opposition
10 bis administration. The state Of the whole
county has changed since bis election, aud the
Issues upon which be was brought into power
al no more. They can give him little light as
10 his future coure, and the only thing he can
nov look to for guidance is plain, practical
common sersc.
That the revenue il likely to fall far short
OF the calculations of the late Secretary OF the
Treasury is evident, for II will be affected by
two great Gauss. Firstly, The economy and re-
trepchmeLt that the people must aud will prsc.
tice will largely diminish the quantity of our
importatons; and secondly the value OF the
goods that We shall import will be far less than
was the value Of the ssme articles du,lng the
past few years CT fnarcial fever and initiation.
We shall want nothing like the tgenty-seyen
millions OF silks that were imported last year;
we can do without large part Of the eleven
millions Of liners; the twenty three millions OF
iron, four millions Of porcelain, twenty
miliiots OF cotton goods, thirty one mil.
lions OF wcollcns, and, above all, the
fcriytwo millions Of dollars worth OF sugar,
Will be enormously cut down next year,
and with them the revenue must fall These are
paten. facts that no Secretary Of the Treasury
can get over, nor does Mr. Cobb try to get over
them; hut We are told that he proposes to meet
the exigoncies Of the future with economy and
rctrepctmtnt on all sides, and perhaps by lay Ing
q duty on tea aud coffee, and increasing the
present one on sugar.
Before such a course il firally decided upon by
the administration, it would perhaps be well TO
examine how these things are likely to affect the
pockets OF the people, aud through the pocket
which is the most sensitive part CT the body
politi, he issues that arc now 10 be living pc.
liiiCnl issucs In the first place Il Is doubtful
whether sudsen stoppage q The great eXpendl-
ture upon public works is true economy. Many
Of th(m are needed TO meet the present o. i'm.
mediate future wants Of The country. To stop
their prosecution involves both the lying out Of
the ule Of the money already expended upon
th,m and the incurrtncc Of expenditure to meet
the calls hey atc destined to meet In that
. me there would &c little true economy in stop
pirg tbtm. Then, again, ,,ht not the llbo,
uron then b. pros, cu.td at tue present
time at much cheaper rate than
they have been In the past, or per
baps cen be at future day Moreover
20 cany them on nov would aHjrd
an infinite deal more satisfaction and
rdieC 10 every class OF the community tba1
would be felt by their present siopposc aud ia
tne completion, whoa the corotrg my t'aad
'ces ID need Of tao employ meat they sDl give 10
labor and the circulation T. pitaL Under
these consideration ID wonll sen hat both true
economy ~ . wise policy vcul ! indicate a con-
ufcarce Cfel be tors q tL4 pablo works.
Weave til s's1 lat economy Il to be widely
inhcductd u'o W AIRY and navy. S, far as
ibis ntars a mocc ,nicich, and economical con-
duct u lie contract Z! stem, We highly approve Of
u Bat will IL Ic ttlo economy 70 rtdu,e our
! hide Amy, that i even nos WY insufhcieb fos