Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-07
MORNING HERALD.
MONDAY, AUGUST =, 1897.

Iand-Preparations for a New Election
Fall OF the Usury Lass-Openi Oh VIEW
Rail Road.-Accou of the meric""
HOuses-DiplOmatc and Navaiuos 0"'
sc. &c.
By the packet shin Montreal, Griffin from London,
webaye received papers 10 the LIST M being seven days
later than our nreyious intelligence. On Saturday
evening al hafpast ten these papers were furnished
no Nv our svift sailing craft the enchanting Celeste,
being nearly twelve hours in advance OF any other
na,ern ,be city The newsis somewhat intel esting.
The GREAT commercial hurricane appears to be sub
s;d;soin England. The bank, in addition 10 It's inca
.ures of reeftowards the Messrs Browns, have come
forth very handsomely and extended liberal aid to-
wards the China and East India trade. We learn,
further that this measure will most likely cover
not only the English trade, but may extend relief
towards the American China trade This laSt is I'M
certain.
Great preparations are making in England for
dissolution of Parliament, and new election. Lord
John Russell in his address TO his constituents given
In this paper marks the poli~y Of the new reIgn The
yousg Queen retains the wing cabnet-but great
contest may be expected, for The minister, while he
alfandhal concatcs the tories gives the coup dc
grace TO the ultra notions of Mr.. OConnell, when he
declares his opposition TO IAN elective House Of
Lords" or "the voluntary principle Of religion"
Alas alas! Who can forget the famous declaration
of Mr.. Canning against repeating the Test and Cor
poraton acts, couple of years before they were
swept by the board i!
We have given very csnous debate in the House of
Commons tie Usury Laws. While in this country,
legislatures tying up tighter upon al trade, the
susuTy laws they are relaxing them in England. The
true principles of commerce seem to have wider
and greater influence in British legislation than here
With US il is all party and intrigue
The news from the continent is net very unmport-
ant.
We have given some fashionable, theatrical, sport
ing ntellgence-parucuarly the movements OF I" Eng
lands Maiden Queen" who, from her beauty and her
youth, and her large fortune, has become quite ia
vorite among our democrats, SO much so, that they
baw out every night at our theaT.s for " God save
che Queen" IndeeJ should not surprised if the
aRepubhcan party" voted next heat for Lady TO be
curl residentess-proba some beautiful, young and
charming girl. Agreed say we. We want to try The
real peicoat in matters of government-we have had
enough of old in petlicoais, and red haired dan
dies IN bib and tucker.
One of the most important domestic eventsn Eng
land. is the opening o. the London and Birmingham
Rail Road This is one Of the links of the great chain
that will unite London with Liverpool In couple
of short years it will be completed When that il
done, and Capt. Cobb of this city shall have estab
lshed his steam ship line TO Liverpool, shall ther
have steam line between London and New York
that will pass il in 20 days BY that time trade
will be brisk again.
We observe with unconcern, that the New YonE
HERALD is making great Sens alton in England
The metropolitan and provincial newspapers are re-
publishing our commercial reports editorial articles
and jar esprit. They appear 10 think that it is
the most remarkable paper they ever read and ex-
press their hghes, qualification. So it is 1t is o
revolution. we mean to knock up all other literature
and philosophy but that of the daily newspaper. W.
shall kill off, in two years, all the old newspapers
and book publishers Of this city, every soul 0,
tnsm-a must go. 1t is the beginning of great
literary revolution
The foreign markets and ship news are annexed.
Our news schooner Tvazer and the rest Of the fleet
are now cruising at the eastern end of Long Island
the Celeste beautiful creature has started again for
her destination. The gallant Captain of the Celeste
informed that three of the New Jersey oafers, who
call themselves pilots, have been broke for gnoranc,
and want of capacity The whole of the Jersey
tribe ought to receive good ducking, and then b,
sent back TO their own clambeds TO rusiicat,
awhile.
Private Correspondence of the H,rald.l
LONDON, Goth jane, 1856
NV Dean FRIESD-We are recovering here slowly
from the revusion, but it will take years get back
where we were in 1856. The Bank of England has
again come TO the aid Of the commercial nercsts
You will see the extent by the papers send you
The three American houses are slowly winding ~
their business. have some notion of giving you
private and personal history Of each of the master
spirits in these houses, together with those of the
Barings, Morrison & Cryder for all are managed BY
Americans. Mr.. Bates, an American, is the par,nc,
of the Barings-Mr. Virgins is also an American
from Boston. Benjamin Virgins was formerly /
merchant in that city, and married Miss Fowle
from the vicinity. Her younger sister is Mrs. welles
the wife Of the great banker in Paris They are bo,l
splendid women, and highly fashionable b. Wggin
lives in Paris. Mrs. Welles, in Paris has beer
the great leader of the fashionable miHionaires 70
some years. She is beautiful and accomplished
Timothy Virgins married the daughter Of an Eng
sh manufacturer and made $500 600 in exporting on,
article Of cotton goods TO the United States bcfor,
they discovered the modus operondi. He Is gone!
OF Mr.. Bates and the Barings will tell you in my
next
The history Of the house Of Morrison & Cryder
largely connected with the American China trade
and the Morris Canal Company il interestino