A decided Cuban policy would not only have settled at once the inevitable destiny of that island, but would also have given republican sentiment in Spain an impetus, strengthened the South American republics and exercised a healthy influence in Mexico and Canada. But instead of this we have to submit to the consequences of a policy of cowardice. American citizens abroad are murdered by Spanish cut-throats, our consuls are insulted, and our flag is disgraced. This is unworthy of the American nation, and the people will hold Grant accountable. A giant who never shows his strength is neither feared nor respected. On the important questions of taxation, the tariff and the public debt, the administration seems to have no settled policy. Taxation, whether for the support of the Government or the payment of the debt, should in all cases be general and never special. No special interest, nor several special interests, should be singled out to sustain an extra proportion of taxation. And in regard to the tariff the same principle should be enforced. Whether the public debt be a blessing or a curse, it exists. Created to save the republic, it must be paid strictly according to both the spirit and the letter of the law. But there is no immediate necessity for paying it off. By a proper policy its payment might be made to extend through a hundred years, for even beyond that time will the benefits its creation produced be felt and appreciated. In older countries the pressure of national debt becomes a heavier charge and a mightier burden every succeeding year, but with us this is reversed. The development of our magnificent resources will render the gradual payment of our indebtedness easier of accomplishment with each decade of time. All other questions, whether of a foreign or domestic nature, stand illustrated by the Cuban policy of the administration. A bold, firm and, withal, consistent national policy, if not at all times strictly within the conservative limits of international law, will always command the respect and support of the people. With the view of spreading to the people ideas which hitherto have not been placed before them, and which they may, by reflection, carefully amplify for their own benefit, I have written several papers on Governmental questions of importance and will submit them in due order. For the present the foregoing must suffice. I anticipate criticism; but however unfavorable the comment this letter may evoke I trust that my sincerity will not be called in question. I have deliberately and of my own accord placed myself before the people as a candidate for the Presidency of the United States, and having the means, courage, energy and strength necessary for the race, intend to contest it to the close. VICTORIA C. WOODHULL. A VIEW OF THE GENERAL SITUATION. NEW YORK, November 10, 1870.