NEW YORK HERALD.




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Ine Iorlm IN the ELECTIONS.


We give in another part of our journal, the abl
and eloquent speech Of Mr.. Clayton, OF Delaware


delivered few days ago before mass meeting Z
the wings In Lancaster, Pennsylvania-this specc


being the most clear and practical exposition
the position OF the wings on the tariff question a
the approaching election for chief magistrate Q
this Republic. In the speech is also embraced ano
ther letter from Mr.. Clay, defining for the forfeit
time his position on the tariff. and declaring tha
he Is opposed to the repeal of the present law
but such declaration is incomplete, fo
who is not opposed to the total repeal Of the present
law, without substituting any thing better in its
place We cannot believe that he is against a
modification of some kind.


This tariff question is now the complete sport OF
political parties What is its history and position
For many years after the establishment OF the
government, the tariff was deemed merely inan-
clal and practical questlon-t was nottaken hold OF
bymere party. Thisposition continued down to the
close ofthe last war On the establishment of peace
anew tariff was passed, in which both Mr.. Clay and
Calhoun united in the same policy and like views
that is, tariff for revenue, with determinations
for protection. In few years afterwards, princi-
paly growing out Of the arrangement of the cur
rency, caused by financial mismanagement, the ma
nufacturers called for higher duties to save their
stocks from depreciation and themselves from
loss. In this movement Mr.. Clay assumed the lead,
called it the american System"-the "protec-
tion OF native against foreign labor;" nor was
there any particular opposition made TO the policy
by the South, or any other quarter, with the ex-
ception of that which came from the mercantile in.
terest Of Boston, which Mr.. Webster represented.
While Mr. Clay was thus making the manufactu-
ring interest his peculiar favorite, Mr.. Calhoun
sought to do the same with the financial, by pro-
Iecting splendid plan of internal improvements.
In process OF time, however, the high tariff of
1928 was passed, and then Mr.. Calhoun and the
South made the question political-snd in the
elections of that year between Jackson and Adams,
the tariff was introduced into the political elements
throughout the country II is singular, however,
that both parties at the north were in favor of
protective tariff-as both parties Mt the south were
against it. The tariff question, therefore, had
very little influence at the polls, either at the SOUTH
north or west-and in the elections of 1882, 1896
and lS40, the tariff was very unmportant question
among the people. In lS4O, coonskins and hard
cider were much more potent


How it will be in the approaching election, time
will tell. Mr.. Clay and his party have endeavored
to make high protective tariff direct issue be-
fore the people in the north and west-and a few
weeks will determine the matter In our opinion,
the controversy about the tariff is one of the small
est and most ridiculous quarrels that ever took
place in the world. Which ever party succeeds,
whg or locofoco, the tariff may be slightly mod-
fled, but never can be essentially changed.


THE NEW REFORM PARTY.-Thls new party
have now two newspapers in this cty-the one
III n Il -
tonal Reformer." They are a sort Of practical
Fourierites, on the principles of Greeley and
Brisbane, and have been agitating in every ward
during the last few months. 1t lis calculated that
they will take couple Of thousand votes at the
ensuing election. Their principles are the most
radical of the radical. They go against all owner
ship of lands, houses, or any kind of real estate
Their first movement is to divide all the public
lands among the poor who can't pay for them.
They are, also favor of abolishing, forever, the
right Of the Van Rensselaer, family their property
in the Heidelberg region. What next


THE MoRMoNs. Mormons in this neighbor-
hood had conference here last week, which con-
tinued for several days Among other curious mat
settled upon, the apostles have declared them
selves in favor OF Polk and Dallas. Have they had
a correspondence with Polk on the subject of their
grievances' Very likely.


THE CURRENcY-A HINT TO THE PuBLrc.-Now
is the time to look sharply at those bank notes
which one receives as money for his labor or pro-
duce. When business is looking up, and conf
dence rising, the bubble financiers are always
ready to palm their trash as money upon the CON-
munty. In a short time all sorts of bank issues
will flood the country. Look sharp.


Political Movements.


THE WIG STATE CONVENTION to be held at Syra-
cuse to nominate Governor, Lieutenant Governor,
Canal Commissioners, and Presidential Electors,
meet on Wednesday next.


THE DEMOCRATS hold macs meeting at Tam
many Hall tonight to respond to the nominations
of Wright and Gardiner.





FROM CANToN.-By the arrival of the ship Claren-
don, Capt. Stoddard, we have full files OF the
Hong Kong Gazette to the 10Th of April, inclusive
The overland mail gave US dates to the 1st of
May. We have, therefore, no news by this arrival


FALL FAsHIoN.-We have just been shown
copy of Mr.. divers plate of fashions for the en-
suing season. and must say that it is the most splen
did affair of the kind that we have ever seen. En-
graved on copper by the first artists in London,
and most beautifully colored, il presents very
striking contrast to the ithographic fashion prints
usually published. 1t must have great run, if,
indeed the plate will furnish prints enough for the
demand, as it is, in fact the plate" Of the season.
Although received by the Hibernia steamer, vet
the explanation sheet having to be printed here
will delay its delivery until Wednesday morning,
when purchasers are advised to make early appli-
cation to the agent, Mr.. A. Wheeler, No. Court
landt street, near Broadway.


THE TUscARoRA HoTRL.-The new splendid hotel,
now erecting in upper Broadway, which we bap-
tise as the sTuscarora House." is to be opened in
slfew weeks.by Blllngs-one of the proteges of the
immortal Cousins, of the American Billings adver-