The New York herald., 1863-09-14

entlOn Hides ana leather were inquired Tor at uniform
rates. Petroleum was less active and tending down
ward Wool was selling freely, and was the adv
Freights were dull and rates declining.
The President, the Republican Party
and the Next Presidency.
The managers Of the republican party have
all along been acting under the remarkable
delnsion that, in summing up their candidates
for the Presidential succession, Abraham Lin
coin might be safely counted out But In this
they have been counting without their host"
From certain recent developments It is mani.
fest that Mr.. Lincoln expects not only to be
counted in. but that he is. and intends to con-
tinue, the master of the situation.
The late significant leading article which we
have published from one of our morning con-
tenporaries, evidently from the pen OF Mr.
Seward, lifts the veil from the administra-
tion in regard 10 this important matter Of the
succession. Wendell Phillips was unquestion-
ably correct in defining the Cabinet as no.
for the management of the Presidential elec.
ton. Nor do we imagine that our
quiet but sbrewd and observing President has
needed this broad hint from Phillips in order
to understand the proper line Of action. II is
true that the experiment of taking into his
Cabinet Messrs Seward Chase. Car eron and
Bates, his rivals for the Chicago nomination,
was somewhat hazardous, whether considered
in reference to the unity of the administration
| or the harmony Of the party But of these four
rval Cabinet candidates only two now seem in
| the way-Mr. Seward and Mr. Chase; and these
two appear to have pretty effectually neutralized
each other. If Mr.. Chase has killed off the
! the conservative Premier. at our late Repub-
| lican State Convention has blocked the game
of Mr.. Chase in the great leading entral State
! of New York.
The intelligent reader is aware that for some
time past the Cabinet has been divided into two
parties in relation to the time and manner in
which the rebelious States shall be restored to
the Union-that Mr.. Seward represents the con-
servative division, in favor, as soon and as far
as practicable, of restoring "the Union rs it
was" or the seeded States as they were; and
that Mr.. Chase, on the other hand, advocates
the treatment Of the rcbellious States, in behalf
Of tho abolition OF African slavery, as provinces
and as being completely at the mercy OF the
general government-local institutions, State
boundaries and all. I. is also we'll known that
between these two radically opposed party
leaders in the Cabinet the President has not
indicated the policy which he intends to pursue
In thus keeping his own counsels upon the
great issue involved. he is acting with the ga
gacity of Talleyrand for he thus holds the
whip hand and the balance Of power over both
divisions of his party.
And, to show that his design in this matter
is to hold the vantage ground which he now
commands, single fact will be sufficient. We
understand that President Lincoln, in recent
conversation with an active pipelayer Of the
Seward wing of the republican church, de-
clared very positively that at the proper time
his policy touching the restoration OF the re.
bellious States would be determined according
to his own judgment whatever might be the
| prevailing opinions of his Cabinet. This is a
/ very suggestive declaration II warrants the
conclusion that, whether Mr.. Lincoln has or has
not determined TO enter the field for another
term, he does not intend to be victimzed by
the iugglers of the radical faction
We have said that he is the master Of the
situation. and we think that very few words
will suffice to confirm the reader in this opinion
Suppose, for example. that il is the desire o
President Lincoln to secure the republican no
mination for the succession; but suppose thai
the radicals. dissatisfied with his conservative
nclinaHons and with his objections and draw
backs to their revolutionary programme of re
construction. set him aside with some "glitter
ing geueralities" in the way Of an endorsement
of his administration, and nominate Mr. Chase
az their cham ion and standard bearer, is IL mo-
probabie 'hat ne objections of the President tc
the ex,tsUa uvoiu Ionary programme Of th,
radicals will lie intensified, ns't u, being re