The New York herald., 1863-03-30

seize upon this last resort ere the discomfort Of
his people assume ahy more formidable shape
than at present. None know better than Ma
pOleon what changes day may bring forth in
fckle, dangerous France, and but few act with
more decision when once their minds are made
up England, in defeating the plans of Napo-
leon for continuance of his power in France,
is but Fastening the period of struggle be-
tween herself and her hereditary enemy. He
is powerful. Wonderfully would that power
be increased should he determine to turn it
against England. Events seem 10 be driving him
to this last resort with irresistible force.
The Albany Regency and Its Policy Of
Rule OF Ruin.
The clique Of democratic politicians known
as the Albany Regency, in combination with
certain money brok ers in Wall street, are de-
termined to play over again in 1864 the Same
game which they played SO successfully at the
Charleston Convention in 1860-the game of
"rule or ruin"-whose bitter fruits the country
is now reaping to-day from Maine to Texas. AT
that time, failing to get the nomination for their
candidate, and therefore unable to control the
spoils of Office for the next four years, they re-
fused to agree to the nomination Of any other
man, split the democratic party into two and
thus effectually played into the hands Of the
radical republicans on one side and into the
hands Of the secessionists on the other. The
result as might have been expected, was the
election of minority candidate, the triumph of
secession and the most terrible civil war on
record. They would listen to no counsels Of
moderation and would tolerate no compromise
Their candidate was involved in pecuniary en-
barrassments. They were his creditors and
held him under their control. He refused to
accept the platform adopted by the committee
of thirty. three consisting of one member from
each State-otherwise he might have been the
candidate of the united democratic party and
been triumphantly elected. Like the dog in the
manger, they would neither let their man agree
to the platform nor permit any candidate to
get the nomination who did agree to it.
The same combination Of politicians
at Albany and money brokers at New York
are pursuing the same course now. They have
a candidate for 1864 long since cut and dry,
and they are determined to have him nominated
at all hazards, in order to obtain possession Of
the Offices and public plunder for the next Pre-
sdential term. If they cannot do this they will
again try to divide the democratic party and
permit the republicans to win by walk over
the course. The moneyed wing Of this combi-
nation, which pays some $50, 900 per annum to
keep the World from sinking into the tomb of
all the democratic party organs ever started in
New York, sustains and controls another jour-
nal published in this city with country circu-
lation, the Weekly Argus, an appendage Of the
Albany daily concern OF the same name, and
edited by the same men. All three organs are
combined in the copperhead interest and in the
interest Of the Regency. The tendency of their
writings is to bring the federal and State au-
thorites into violent collision and to embarrass
the prosecution OF the war. What their pro-
gramme is the following facts will reveal.
When Vallandigham was in this city . short
time ago, he went up to Albany to see Governor
| Seymour, in order to ascertain his intention
about resisting the execution Of federal laws In
| this State deemed to be unconstitutional. Mr..
| Seymour is said at first to have agreed to all
the ideas and plans Of vallandigham, and that
! resistance should be offered at once. Next day,
however, after consulting with the Regency, he
sent for vallandigham, and told him that the
| time was not yet come to commence that game.
For certain reasons urged by Mr.. Seymour, VAL
landigham is known to have left satisfied; and
what would satisfy him may be easily deter
mined by the character of his speeches Thus
the policy of resistance is only question Of
time. The tendency of such course cannot
be doubtful If II do not involve the North in
civil strife and anarchy it is well calculated to
| divide the democratic party into two antago-
nistic sections, one peace party and the other
q war party. If the same consequences do not
follow now as in 1860, it will only be because
the people, awakened to the selfishness Of these
! corrupt demagogues, will not permit them to
ruin the cause Of conservatism second time.
Meantime it never was so necessary to keep o
close watch on the movements of the politicians.
If it be true that "eternal vigilance is the price
Of liberty" and that republics, which are found
ed on public virtue aad popular Intelligence,
can only be sustained by the same means, these
great maxims never were so true before, and
never involved such tremendous consequences
for veal or woe
The Conservative Reaotion-Its Progress
and Consummatf0n.
The great conservative counter-revolution
which was q, CLEARLY indicated by the elections
last fall, and is now making steady progress to
tha 0ool ;~ doof;pnd IN havo an nvt~oo~A,carx