The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-17

Mr.. Bolts in this opinion. Indeed, if we may
credit the rumors adoat, Mr. Bolts, in restricting
the available men of the opposition ranks for
1860 to the South, is only electioneerng to clear
the track for Mr.. Bolts himself We are AFRAID,
however, that Mr.. Bolts will not do; for beyond
bis achievements in the matter Of smart. rafting
political stump speech, and his antecedents rs the
most constant and inilexible Of all the old Clay
wings, there is little or no hing to recommend
MIR. Bolts on the point of availability To be
sure, he once made in Congress a bold at.
tempt to stop Captain Tyler with his
bank vetoes, and to 'head him or die" aud
it is matter of history that Tyler and
Bolts once slept as comfortably under the same
blanket as Seward and Fillmore But these
things belong to the past, and are of ne practical
value for the next Presidential campaign. We
are thus enabled to class Mr.. Bolts among the
unavailables of the Presidential list
Next, while cOncurring in the opinion that
Mr. CritteDden, or Mr.. Bell or Mr.. Rivcs, or Mr..
Bates from his antecedcnts, his national repita-
ton and national principles, is competent to be
the standard bearer of new national party we
still hold to our opinion that General Scott ia
behalf of the movement proposed, stands in
popularity and availability head and
shoulders above them all. An objection is
made to the age Of General Scott; but ticket
composed Of Winfield Scott and Edward Everett
would afford sufficient security, in the event of
their election, against the possible contingency
Of the decease Of the former before the expra.
ton of his Presidential term.
In any event, the present sectionalized cha.
racter Of the democratic party aud the republi-
can party, and the manifest inclinations and ten
denotes Oh both sides to make the slavery ques-
ton the ruling issue for the succession will bear
out Mr.. Bolts in regard to his third party, upon
the middle ground between the two extremes.
But it will not do to cucumber this party with
any of the exploded crotchets or worn out names
of parties that have bad their day. 1t will not
answer to call it the whg party or the American
party, for each of these party names carries with
it the prestige of weakness and defeat The
proposed party must be new party, and not an
old party; and it must have a new suit of
clothes, good and strong for long journey, and
not suit of second hand garments, secured and
patched up to serve the purposes Of the SUM-
mers campaign. Let this projected party, for
instance, be organized upon the living, practical
issues of the day, including retrenchment and
reform, and let it be named the constitutional
party, and it will cover ground enough and name
enough to attract to itself all the conservative
constitutional men Of the opposition camps
North and South, and some powerful reinforce
ments from the democratic side.
Upon this programme this third party may
possibly be made strong enough in 1860, be-
tween the two great slavery agitating parties,
to secure the election of its Presidential ticket
by the people, aud certainly strong enough to
carry the election into the House of Represen-
tatives Once there the contest could only be
settled in a compromise between the two ex-
tremes, upon the middle ground and candidate of
the constitutional party. The contest Of 1856
affords no standard of judgment in reference to
the probable strength of this third party in 1860
The disgusting mummeries and offensive bigotry
OF Know Nothngism had practically destroyed
the American party year before the last Pres-
dental election came on. All that rubbish has
now been disposed of, and the loose materials
detached from all the old and existing parties
are sufficiently abundant, within a year, under
good management, to form party as strong
throughout the Union as either of the great ex-
listing sectional parties of the day.
In behalf OF general movement in this direc-
ton, We understand Mr.. Bolts is to make a
speech in our Academy of Music on the 22d
instant. It is said too, that the elements of an
extensive sympathetic organization already
exist. and that this organization will seize this
opportunity and this speech of Mr.. Bolts as the
signal for active operations all over the country.
Very well. The general policy foreshadowed is
good. There never was such splendid opening
for new constitutional party. Let it be tried,
and when fairly under way, should the calibre of
Mr.. Bolts be deemed too light for the Presi-
dency, he will doubtless be content, as hereto
fore, with the rough work of the stump and the
chances of Cabinet appointment.