NEW YORK HERALD.



mr.. Poik in wa.hins ton-HI. Cabinet.
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during lhe last few days, article from the Nash
vitle Union, under the head OF " Mr. Polk's Cabi
net, as being the latest aud most authentic inteli
gence connected with the formation OF the coming
administration, which will no doubt very soon be
accomplished in Washington The views express
ed by the Nashville editor only repetition of
the same principles and the same information
which we received from private and confidential
correspondent, writing from Wheeling, and who
was in the train of the President in his progress
over the mountains. The NdshuiHs Union states
that preliminary TO the selection OF the Ca
binet, the President will make a declaration rela-
tive TO the principles which the new adminisra-
ton will be conducted in relation to questions n-
timately connected with the peace and harmony of
his councils. These principles are founded on
confirmed purpose in Mr. Folks mind that he HIM
self is not to be candidate for the succession nor
any one connected with his administration. The
views OF the Nashville editor and of our cores
pondent are entirely Identical on this point


This being the case, we farther stated that after
Mr. Polk thus declared his purpose, he would in.
vite Mr.. Calhoun to remain in the position of Sc
cretary Of State, provided he considered himself
as bound by the principle which Mr.. Polk had
established with regard to the succession This





Cabinet. Mr.. Calhoun will be invited by Mr.
Polk to remain in his present station, under the
full declaration that Mr. Polk is to be regarded as
a candidate for the succession In le4S, nor Mr.
Calhoun so long as he remains in the Cabinet
Now, this being the case, it has been a subject of
considerable inquiry in the political circles here
whether, in the position now occupied by Mr.
Calhoun before the country, he can accept the
offer of Mr. Polk on the terms announced Many
think that he cannot; but such is not our opinion
We believe, from what we know of MIR. Calhoun's
sentiments, and those of his friends that he will
accept the Office of Secretary of State under this
condition, and that he will not be a
candidate for the succession SO long as he
remains in that Cabinet. few days, however,
will put us in possession of authentic de-
tails on which to form correct opinion, or proba-
bly, of the fact itself.


These preliminary details of the Cabinet being
settled, the next business will be the selection of
the other Cabinet officers, and we have no doubt
that they will be chosen on the principles already
indicated in this journal, that is that all the great
sections of the democratic party will be fully and
fairly represented We have in our possession a
number of names in these parts but we prefer wait
Ing few days before we give them to our readers.
The interest in all these matters both here and at
Washington, is beginning TO be very intense, and
all intelligence from the Capitol is looked for with
the greatest anxiety. We believe that we have
the best espondents at Washington at this mo-
ment, and that they have access to all proper Sc
crets there in more extensive degree than any
Others, and that all the information may be fully
depended on which appears in the Herald.





IN CoTToN.-The newspapers around us are just
beginning to discover that we have been running
an express between New Orleans and New York
and New York and New Orleans, for several weeks
past, and that there has been great deal of money
made in some way or another and. according TO one
calculation, it is figured out that $4,000 was clear
ed in one operation. We are charged by some
papers with having established an express. We
admit the soft impeachment. We are charged
with having beat the Post Office Department. We
also admit that awful charge. We are charged
with having driven the Post Office Department into
the establishment of another express. We plead
guilty to this accusation, also.


But we are further charged with having made
immense sums Of money by speculations in cotton
Whether this latter charge is true or not we can.
not at this moment say, not having received oul
returns from the South, and having heard nothing
farther OF the matter than what appears in the
newspapers. But if the enterprise which we, in
conjunction with others, started for the purpose o.
conveying intelligence between New Orleans anc
New York in advance of the United States Mail
and which has re. animated the Post Office Depart
ment, causing shaking even of the dry bones o
Mr.. Wickliffe himself, should bring us half mil
lion of dollars and lay the foundation of fortune
of 5,Ss5, 500 S7a, thus placing us ahead of Johr
Jacob Astor, pray, who has any right to object to
1t! Is not the enterprise open to any one? If we
choose TO establish an express and drive the Pos,
Office into competition with US, have we not per.
feet right to do SO? Have we not a right to use
the intelligence for our own advantage ano
that of the public, And if we have made ter
thousand dollars at single blow by thil
operation, we shall still 60 on and establish ex
presses not only to New Orleans, but TO the West
and the South, and the East, and every where se
as to make probably fifty milliens of dollars, ane
when we reach that, we shall endeavor to make {
loan to the fraudulent States making them honest
II 1t be In our power. Our great purpose is to re
move from the delinquent States of this confeder
acy the stigma affixed to them by the pen of tn,
Rev. Sydney Smith. We want to make money
sufficient to buy up the whole of their stock, ano
enable them to qaidate their debts, and if durins
the present year we shall have reached only sun
OF one million of dollars, we hope in two or three
years more by our enterprise to make up the full
sum OF nifty sixty millions and then generously
pay OIL the whole OF the State debts. We woule
also pay of the Croton debt, but as John Jacob AS
tor has been beforehand with as there, we mus
rest satisfied with the liquidation of the Stat,
debts


MOVEMENTS OF THE WIG PARTY.-We per
ceive by the Commercial advertiser, and by tn,
movements Of Mr.. Morehead in the Senate, tha
the wing party are beginning to collect their forces
and to organize for the campaign in ls4s. Thi
has probably been brought about by the appearance,
of MIR Webster at Washington. Ii is stated tha