From the National Infell;gencer. t#

 1.-THE PROSPECT BEFORE. US"
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...' From Me National IAfeIIlgeRceF. '.

 1.-THE PROSPECT BEFORE US."

 The inquiry is frequently addressed 10 us, both 1t home and from a distance, tor our opinion in regard to the probable result of the issue about to be tried by the People of the United States between Martin Van Buren and William Henry Harrison. We beg leave to refer all such inquirerS to the sub- joined letter. It was written, not for the pub lie eye, or for public effect, but in the sheer ity and freedom of private correspondence, and by man Whose extensive sources of in- formation, and whose care in sitting and comparing facts and probabilities, combined with his clear judgment and known candor, impart to his opinions value md weight sue perior to those of any other citizen within our knowledge. The justice of this tribute will be admitted by all who know the writer when they perceive the name 10 be that of the distinguished Senator of New York, Ma thaniel P. 1alsmadge. The letter first ap- peared in the Richmond Whig, and was ad- dressed to q gentleman of that city. The editor remarks: "The author will be recog- nized without the publication of his name" |" and adds, It was written with no expccta- tion of its meeting the public eye" Since, however, it has met the public eye, Mr. Y. has given his consent to its appearance with his name affix:d, and no name could give to such statement higher claims to respect and credence.

 a, aati,.-. WAsHMGToN, May 21, 1S4O.

 My DEAR STR: Your letter of the 26th inst. was duly received. ,.,-. ..s,.s, &. ...j.

 It is surprising to me that Ritchie's brag- ging in the Richmond Enquirer abou; New York should give our friends one moments uneasiness. It is his "vocation," and it is the habit of the federal locofoco party to brag the louder the more they are beaten.- Since their overthrow in Connecticut, Rhode Island, Virginia, and in certain local elec- tions in Pennsylvania. fheir prospects have frightened wonderfully! They are looking aP, because they are oB their backs! l under stand their game perfectly. If They know they cannot make a decent fight in other states, unless they can persuade their friends that MT. Van Buren can recover New-York. Without 1t, he has not the remotest chance of success As to his prospects in New York, have no hesitation in giving you my candid opinion, that he will be beaten by q much larger majority than that of the last two years VI have the best sources 0f infor- mation. Ihaye an extensive correspondence all over the state, and, from my peculiar pO- sition, am enabled to judge with much accu- racy of our elections. For the last two years, have predicted the result with an accuracy almost equal to the official canvass-and l now say to you that Gen. Harrison's majori- ". in my judgmenh will not De less than FIF- TEEN THOUSAND. We hope to swell it much bey yond that. have not heard of asingle man that has gone over to the Administration since the last election. But know and have heard of hundreds and hundreds, in different counties. who have abandoned it since that l AssHnA nnA ztIs1FR VHrpth old Democratic Republican friends, in put. ting down Mr. Van Buren's old Federal doc trines. Amongst this number, are men of the highest standing and influence in their res- pectiye counties. ig; f... itg .t.y5 z.,.sgla

 What possible. ground, then, Is there for MT. Ritchie or any other man 70 claim New York for this federal administration It is preposterous. What claims do they present to the People, from which they expect to de- rive more favor than for the last three years The confidence of the People has been more and more impaired during that period the mercantile, the manufacturing, and the me- cbanic interests of the country have hereto fore felt the deleterious influence of the mea- sures of the Administration. Now. that in- fiuence has reached the farming interests and you may rely upon it, none of those in- terests will tamely snbmit to have their goods, tuCBT 1UuUulACbuTCOs tUCIT uOOTS ubIu tuC PtO- ducts ofthe soil, as well as their lands, redu- ced one-half or two-thirds in value, in order to enjoy the blessings of the lard money 0f CahG, or of any other despotism, whose ex- ample the Preyident has recommended for our imitation. No, sir, the free laborers of this country will never consent to have the price of their labor reduced tO the same level with the peasants of Germany or the serfs of Russia {; nor will the tillers the soil consent that the products of their farms shall be re- duced in price so low as not to pay the cost of production nor will the farmers consent that inc lands shall be reduced two-thirds in value-that where they have purchased a farm, for example, for @l5.OOO, paid $1O,O00 in cash, and mortgaged it for $5,OOO, that it shall bes0ld from under them for the amount ot the mortgage, and their wives and chil- dren turned out of doors, without shelter and without bread. Such are ihe legitimate ef- fects of the doctrines now maintained by this Administration, and which its friends and supporters are every where urging upon the country 1; and which will be established be. yond the hope of redemption, if Mr. Van Blu. ren shall be reelected.

 Of his reelection there is not the faintest prospect. In regard te New York--I speak without the least hesitation. and with the most entire coDfdeDce--he has no possible hope of success there. Why should he have? The changes have been constantly against him for the last three years, and none in his favor. At the extra session in 1887 predicted his overthrow in th:t state. :. At the November election of that year he was swept away as by n hurricane. Al the next session Ot Congress he apologized to his friends by saying that there were 4O.OOO yo- n. Al n- A