The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-15

export New mess pork was drm, with sales
1t SIS rs, and Of new prime ct si3 SIX. Sugars
steady and In good demand, With sles Of 400
hhds and AGO boxes, rates given in another column
Mcssrs stuarts' prices for their refined goods win be
found in another colamn Coffee steady, with small
sales Of Rio and Marscsibo axe Feshw drm for
English ports Amongst the engagement to L verpooi
% COO so 0Co bushels grain In bulk AMI In
sbips bags Of ID. 7kd-cheny corn In bulk ct 74a.;
-four at q. 10 London 500 terccs beef we're en-
gagged at =. Cd.
rhe Presadensial Electioa-A New Con.
wsntisn the Oaiy Hope OF the Demo-
cracy.
There Is but one ray OF hope for the demo
cratic party-but one chance of presenting q
single candidate TO the country-and that Is Ia
the idea suggested in our Washington despatch
published yesterday-to throw overheard both
the Baltimore aud Richmond conventions
which are to meet in June, and to call . new
convention at any time between July and Sep
TENDER.
There are two substantial reasons why this
course should be adopted. In the first place, II
is impossible that the two conventions which
are TO meet next month, can ever be reconciled
or harmonized Their quArreis about Douglas
and the platform are of such q nature that
there is no chance OF a reunion, aud II Is only
a deiusion to expect it.
Secondly, neither the Baltimore nor the
Richmond convention has any authority to
act in the premises. The Charleston Conven-
don was commissioned to make q nomination
at that city only, and at given time; and fail
Jog 20 do that, its powers are exhausted. II
had no right to adjourn TO Baltimore. Its
sojournment Tor . period Of six weeks,
and 70 another city, without making
g nomination, u deed Of disorgsnization-
When II adjourned II was but rump conven-
tion-a convention Of only q section Of the
country. The deieg ations Of eight Southern
states, and some OF the representatives Of 9th
ets, had seeded from II on the ground ola
violation of fundamental organic law Of the
party. This was In the nature Of Q resolution.
But its breaking up without performing the
only duty which IL was sent to do Is an act Of
felo de Sc, and completes its dissolution The
former National Committee became extnguish-
- in the Charleston Convention, and no new
committee appointed by that suicidal body
has any vitality or power to act The only ex-
isring organization which has any national su.
thority IL that Of the democratic members Of
he senate and the nouss Of Representatives
Let them meet Immediately. aud, ignoring the
Two democratic conventions which are 10 a.
semble at Baltimore and Richmond. issue a call
tor new convention, to meet at washingt on,
Philadelphia or Ne~ York-the delegstes,o be
elected by Couer~ssionsl districts.
Should this course be adopted, the other an
tssonis,ic conventions would probably either
no, meet at all. or NEE, pro lorna, for the pur
pose Of aajonrnine sine dc. II they should AZ
tempt to transact business their ace would not
oe recognized as valid by the country, aud
iseir nominees would not be supported. On the
contrary. the whole Of the democracy, with
much Of toe conservative element outside OF
the organization. would stand by toe candidate
Of he new convention. provided sound plat.
form. snited TO the dmes, should be adopted,
aud q national nan be nominated. In this way
alone can the Goroian knot be loosed. the
spli, In the democracy healed and the party
saved from utter dismemherment.
But let different policy be pursued--let
the broken, dsorganized. defunct convention
which adjourned at Charleston meet again ss
Baltimore. end let the large fragment which
aev Oh from It meet at Richmond-and wha,
gill be the resul2 Inevitably there viii be q
division Of party Strength. There will be iwo
democratic candidates In the Geld, and tbs re-
...xlsnm. nx.stf.s~ ~rsfi IA ifs~fv IN l.., an