The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-19

raining IN everything else, perhaps even
New England may be made the turning point
for the restoration of the Union. We turn
from Springfield and from Washington, from
New York and Pennsylvania, to New England.
Subsisting upon the profits OF. the Union, per-
haps New England, at the eleventh hour, may
save the Union. If not, then her people, aud
all the North, will be reduced to the single al
tentative of peaceful recognition OF South
ern confcderacy or wasting civil war.
The Danger OF Improper Leadership la
Revolutionary Times.
REGULATORS, speculators-all who have dein-
quencies to cover up or projects Of plunder to
hide-aval themselves Of revolutionary periods
to consummate the iniqutous Vaccinations by
which they would prey upon the public. Fore
most among the agitators in France, in 1880,
1890 and I84S, were political fishermen, who
cast their nets into the troubled sea Of national
excitement, hoping to gather in rich harvest
Of pecuniary gain. The middle-age republics
of Italy, rich in science, civilization and The
most acute subtleties Of diplomacy, were the
perpetual victims Of individual avarice and the
ambition Of inferior minds who succeeded III
obtaining an usurious mortgage upon the tu-
ture, for some supposittious present advantage.
The careful reader of the history of England,
during the sixteenth and seventeenth centuries,
is dismayed by the reflection that every noble
and liberty loving aspiration was long buried
under ashes Of greed, extortion and selfshness,
masked by the most specious forms Of patriot
ism. The most hideous feature of the revolt
tons which, within three years, have given uai-
ty to Italy is the fraud, bribery and corruption
that have closely logged the footsteps of Carl
baldi and Victor Emanuel, and encrusted the
noblest efforts of patriots with the sordid coy
etousness which has disgraced the recent al,ot-
ments Of administrative patronage in Naples and
Sicily. 1t is not, therefore, to be wondered at
that in the stand which has been taken by the
Southern slaveholding States against the ag-
erosion Of fanaticsm at the North, corruption
and villany should have cloaked themselves
with the mantle of constitutional right, and the
grossest transgrcssions against decency and
honesty, have endeavored to screen themselves
behind the fervor of popular excitement.
The peremptory demands which have been
made by the South within the last few weeks.
for either the peaceful possession of those con-
stitutional rights which were guaranteed to ii
by the constitution, or liberty to withdraw from
the Union, have found a response in the heart
of every right minded citizen, on both sides Of
the Potomac. The claim of the Shareholder to
a restoration of all the privileges which he
enjoyed under the common law of the United
States in 1887; to security Of transit with his
property through every part of the confedera-
ton; to equality in the Territories; to immuni.
ty from persecution on account of his views
with regard to purely social institution, has
been met by cordial re-echo in every gene
rous mind throughout the land. Neither has
sympathy been withheld from Alabama Flori-
da, South Carolina and Mississippi while seced-
ing from the Union; and even the frenzied ag-
gressions into which an unthinking populace has
been led astray, during season Of unwonted
excitement, have been borne with patience, and
looked upon as the natural consequence of
great national crisis. But it is sad to see that
the most rotten elements in the whole South
are seeking for notice and consideration, and
aspiring to positions of importance, in the new
State fabric which the slaveholding portion of
the confederation is building up. individuals
like Cobb, Floyd, Thompson and Thomas-all
of them fugitives from an administration to
which they had proved unfaithful, and tainted
by either political or pecunary proHigacy-
take advantage of the disturbed state Of the
times upon which the country has fallen, and
strive to obtain credit as patriots, and sympa-
thy as martyrs, for corruption which has but
few parallels in the history of the United
States.
"Scoundrels become patriots TO conceal their
rascaliries." 1t is beginning to be surmised
that If the populations, robberies and jobbngs
Of the Treasury Department. within the past
four years, could be fairly got at, millions upon
millions would be found to have been lost
through this channel alone. The eight or nine
hundred thousand dollars stolen by middle
man, would then appear but drop in the
bucket. The auspices under which, re-
Gently, check for sixty thousand dollars
was signed, which turns out to be a swindle,
are the same that have existed during the
entire term of Mr.. Buchanans administration,
and which have reduced national securities 40
low that money can only be procured by
government at an interest of twelve per cent
Floyd's Fort Smelling, Willett's Point, New
Bedford, and lastly his State bond operations,
are known to the whole financial world
He has retired from Mr.. Buchanan's Cabi-
net covered with obloquy. The position of
ox-secrctary Thompson is, politically, scarcely
better. The country is devoutly thankful
that, in the hands of such men, the treasury
was not depleted of hundreds of millions,
instead of the sum it can so easily afford
10 lose Had nrincinals instead Of %. betwcens