The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-06

issue Of the niger agitation, it is not to be
supposed that the political tide which has TINS
run out will remain at dead low water without
regard to the passing changes of the moon.
On the contrary, as the moon controls the ebb
and flow Of the sea, SO do our political parties
rise and fall from the pressure of the changing
events Of the times.
Briefly the events of the last few weeks have
decreed comprehensive revolution in all the
political parties, and in all the party issues of
the last twenty years. The niger question,
which in all its monstrous shapes has been up
permost through all this long interval, break
ing down administrations and parties and fac
tons and politicians by the regiment-the mig
ger question, which so lately threatened to
maintain the ascendcncy during the existence
of the Union, suddenly recedes into the back
ground under the universal pressure of the
money question. Henceforward, then, such
practical issues as bank reforms sub-treasury
notifications, tariff amendments and bankrupt
laws will take the front rank in the reorga-
nzation Of parties and party platforms. .a
Among the first Developments of the coming
of a crystaliza.ion Of the political materials of
the two Houses into four separate parties First,
there will be the conservative administration
democracy; secondly, the Southern fre-eating
disorganizers, under the leadership of Jefferson
Davis Hunter, Mason, and few others of the
same school; thirdly, the rump of the re-
publican party, still vainly struggling to
keep the slavery struggle first and last before
Congress and the country. But the fourth
party will be new party, taking its start from
the commercial and financial distresses of the
times, and addressing itself to series of Con-
gressional measures in view of the establish
ment of our financial and commercial affairs
aud all the industrial interests of the country
upon regular, permanent and secure system
upon a general system. which will combine
the necessary safeguards checks and balances,
to prevent for the future those demoralizing
paper bubble infations and those disastrous
paper revusions like this of 1857 and that of
| 1887, and their ruinous consequences.
The nucleus of the new party in Congress
will at first be small; but once under way, it
will rapidly gather volume and strength. And
as the evils of this revulsion lie beyond the
reach OF the limited and conflicting legislation
of the several States, the country will certainly
| expect of Congress. and demand of Congress.
those measures of general relief which Con-
| cress can alone bestow. Thus, the adminisra-
| ton which was ushered into power in the
midst of the most violent whirlwind of the
slavery agitation, will go out of power
under complete reconstruction of par
ties upon the financial and commercial
policy Of the government, suggested by the
| wide spread evils of this calamitous revulsion;
and thus the success or the defeat of the demo-
cracy in 1860 with the slavery question under
| the table, will depend very materially upon the
financial and commercial measures of Mr.. Blu
| chanan's administration in view of the impe-
rious practical necessities for government
relief.
The heavy falling off IN the popular vote in
the late State elections shows that the slavery
agitation has lost its interest with the people
and that they are absorbed in the causes and
remedies Of the financial disorders that have SO
seriously shattered their fortunes, their re.
sources Of subsistence and their hopes. They
are awaiting the Developments of the coming
! Congress- and with the first which shall assume
practical shape, we may rely upon it the peo-
pie, North and South, will begin to show their
hands and organize for the next Congressional
elections, without regard to slavery or the
slave power, and regardless of the party or
sectional organizations that have lately -four
ished. but are now dying out from this financial
death blow of 1851 to the slavery agitation