The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-03-10

The principal organ of the Administration
which we take the New York HeraH to be, made
some observations yesterday which may mean much
or little, just they may express the views of Mr..
BENNETT or Mr.. BUCHANAN There is a pretty
strong ntimaton, that the occasion Of Mr. BRowY's
death, and Of the necessity which Mr.. CAss' in
lirmities may impose on him to retire at some early
day. presents chance for reconstruction of
the Cabinet, and not of the Cabinet alone, but the
party. 'An opportunity is offered him." (the
PRESIDENT says The Herald, Gin this matter
''to let all the refractory and presumptuous lead
Gers and cliques the party understand distinctly,
''that the Administration has more important OBJ
Elects to look after than the hopeless task of har
''monizing the party through the cohesive power
''of the public plumber. -
This sounds very like an admission that "OTuEI-
"Lo's occupation" has not only been fruitess, but
that it is also 'gone."
The Herald then proceeds to ''portend" as fol-
lows:
For example, it cannot be disputed that the financial
recommendations of Mr. Cobb had small influence in
Congress in embarrassing the financial and tariff policy
Of the administration and in defeating every attempt to
increase the deficient of the treasury Them
again. whether deserved undeserved the management
of the affairs of the Navy Depa tmen has involv hue
and from the opposition against Mr. Toucey, which
have operated less to the prejudice of the admin
istration. All these things might be advantageousy add
usted through construction of the Cabinet upon the
basis of the opportunity have suggested system of
transfers and changes would do the work. without giving
offence in any quarter, with advantage to the faithful
body democracy and with the highest advantage
the unity and practical working efficiency of the whole
machinery of the under the calm controlling
eye of Mr.. Buchanan.
We said, we believe in advance of any
other journal, Immediately after the difference
between the PRESIDENT and Mr.. CoBB at
the beginning of the late Session, was
made apparent, that Mr.. BUCHANAN in the vain
hope of preserving the unity of the party, had
altogether neglected the unity of his Admnistra-
ton; and after suggesting what The Herald hints
now, too late that vigorous exercise of the power
of removal, could yet retrieve the situation, We
predicted precisely what has since happened The
''servant" has proved greater than the 'master' -
and the PRESIDENT has been defeated, and his
whole Administration brought to naught, not hall
so much by Mr.. ToUCEY's imputed corruption,
as by Mr.. CoBB's real contumacy The Herald,
we confess, is more hopeful than we are about the
prospect offered by the policy of reconstruction
No army ever regained its discipline under the
commander, who permitted it to become de-
moralized. Everybody has accepted the failure o.
the present Executive, and all are looking tC
the next four years instalment of Presidential
policy to repair the damage. In the meantime
we are not certain but that the Editor o
The Herald may himself be looking for seat il
the Cabinet We trust his pretensions will receive
candid consideration.