The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-11-03 00:00:00

of facilities of aggression against Europe, Accordingly,
at the present moment, Europe is deriving some bene-
fit from those precautionary measures, although their
effect has been greatly weakened by the dismemkr-
ment of the kingdom of the Netherlands, and by the
state of public feeling in some of the Rhenish provinces.

Nevertheless, the common interest of all these mi-
nor states is that of neutrality. In Belgium a strong
national feeling has sprung up, very different from that
spirit of strife which repudiated the union with Hol-
land in 1539, and flung the insurgents of Brussels into
the arms of France; and the practical results of Bel-
gian independence have left that people little cause to
envy the loftier, but more perilous and unsettled, des-
tinies of their neighbours. For Belgium as well as
for Holland, the maintenance of the neutrality of their
frontiers and the neutrality of their flag is the first
condition of their territorial and commercial exist-

FOREIGN INTELLIGENCE.

THE UNITED STATES

By the Caledonia steam ship, Captain Cleland, which
arrived on Friday, we have received New York and
Boston papers to the 16th ult, both dates inclusive.
The news by this arrival is extremely meagre. The
election excitement in the States still continued. The
returns appear to be generally in favour of General
Harrison. Business continued to improve at New
York. The exchange on England stood at 100 to
109. Specie was abundant. The shares in the Bank
of the United States were quoted ut 63k. The Phila-
delphia banks were preparing for the resumption of
cash payments on the_ 15th of January next.

The following are the most interesting extracts from
the papers before us :

- THE STATE OF THE COUNTRY.
(From the New York Morning Herald of Oct. 16.
The violent political contest which is now raging in every
part of the United States, and which will continue to rage
for the next three weeks, will have a very important bearing
upon the interests of all those large capitalists in Europe,
who are interested in American securities.

The results of the recent State eleelous in Louisiana,
Maine, Maryland, Delaware, Georgia, New Jersey, Pennsyl-
vania, &c. although to all appearance having but one general
aspect, yet upon careful analysis, will be found to possess a
great variety of shades and complexions.' The state elections
have many of them, beyond all doubt, been influenced by a
variety cf local and other causes, that may not be brought
to bear on the great presidential question in November. But
yet, perhaps, on a careful review of the whole of these re-
sults, it is fair to pronounce their inevitable tendency to be a
complete revolution in the men and measures connected with
the general government.

In Georgia, although the state elections have resulted in
favour of what is termed the Harrison or whig party, yet the
great question there has been the anti-bank question, and
the men who are elected to Congress on the whig side are
pledged to oppose a National Bank under any circumstances.
In Pennsylvania, the great struggle has been for and a-
gainst the United States Bank ; and the elections appear to
have resulted in favour of the party opposed to that bank.
The course of that bank has defeated and paralyzed the pros-
pects of General Harrison in Pennsylvania, and the proba-
bility at present is that Mr. Van Buren will get the vote of
that state.

The prospect at present is that General Harrison will be
the next president of the United States. His election will
involve an entire change of policy in the financial measures
of the general government, bringing in their train a national
bank. There is some doubt, however, whether in the first
session of Congress, General Harrison's administration will
have strength sufficient to carry it through, but that is the
ultima thule of all their plans and movements.
In this revolution that is at hand, the probabiliiy is that
state stocks will be but little affected thereby ; their stability
depending upon the conduct of the states themselves, and the
measures taken to preserve their individual credit, and pay
flap interest of their bonds punctually. Fancy stocks, and
bank stocks, however, will all be considerably affected by the
change, and will all rise more or less, and induce a new train
of speculations. The Pennsylvania election may affect the
stocks of that state to a considerable extent ; but under no
circumstances is it possible that the condition of United
States Bank stock can be permanently improved. That ap.
pears to be

" Past hope, sunk in its fortunes."
For the rest—commercial matters will improve—confidence,
either real or assumed, will prevail—and the year 1841 will
bring new hopes, new men, new measures, new joys, new
speculations, new mouvements, and pretty much new every
thing on the tapis.___