The herald., 1837-04-04
Highly Important from England BY the way
' - DestOn-.Terribls News Or TerrsDss


Saturday last giving account of the arrival OF the
ship Steigitz Capt. Bisbee by which we are furnish
ed with highly important intelligence eight days later
from England. A great many disbeeved the news,
and cried out "hoax," hoax" "hoax." Be that a.
may, il has the air Of probability and give il as
we furnished i, by the pous editors Of the Jour
nal Of Commerce. who stuck il up on their bulletin,
and believed il as nrmly as they do their bible. The
day Of pous frauds is not over.
An extraordinary political revelation has taken
place in England. After long and exciting debate
in the House of Lords, the Irish municipal bill was
thrown out by majority of nine votes On this
being announced in the House of Commons, Lord
Melbourne and the Wing ministry Immediately sent
in their designations. The king accepted them, and
sent directly for the Duke of Wellington and SIR ko-
bert Peel, with orders 10 form new ministry, calcu
lated TO carry on the business Of the country
terrible political excitement is breaking out IN
every part of England, which, blended and mixed
with the commercial panic is producing dreadful DIS
| orders OF all kinds.
As soon as the Whig Ministry were removed o.
Connell and his party mad great meeting consider
what steps they should pursue The debate was ex-
citing in the highest degree OConnell is beginning
to talk Of the independence of Ireland and to give out
that their affairs would be better in their hands
very disastrous confagration had taken place at
Liverpool and large amount Of property destroyed.
In the single article of cotonts estimated that TO- 900
bales were burnt up The loss caused an advance in
the price Of sd to I'D per pound.
| The agitation and huctuaon in the London money
market were greater The political changes IN the
cabinet, and the hostility of the House of Commons
to the new Ministry havs added greatly TO the excite
ment and disturbances in financial, banking and com
mercial matters
The Duke de Luchenberg the intended of the Queen
of Portugal is dead. He died very suddenly; so did
the former one. 1t is suspected the young Queen
privately poisoned her lover and consort order TO
save his soul.
1t is said that the Duke de Nemours has received
papers &c. left by Champion, disclosing every thing
in regard the conspiracy and secret society against
the Kings life.
RussIA.-The government determined to keep
the Black sea- and preparing large force TO drive
the English and French from their stations. 1t arose
from the seizure of the English ship Vixen. The
British Minister has deinandad his passports and
was to leave immediately for England.
GREEcE-King Ohio and his bride were received
rather coolly on their arrival at the capital. con-
spiracy was discovered against Othos life and frus-
trated.
TuaxEY-A conspiracy was discovered against the
Sultans life number of arrests took place.
SpArs-Don Carlos de efeated.-The Queens troops
| made an attack upon the Carlist troops, and com
pletely routed them killing l500 and took 5000 pri-
soners
| ImpoarANr-I. is also reported that the Reverend
David Hale has actually said his prayers once during
last month"; and as receive this interesting nelcs
| from him. il must all be bona fde.
RESrs-On the lst of February il was smulta-
neously announced TO tenants throughout the city
that they pay advance Of 20 to 50 per cent on
their last years rents quit the premises they occ-
pied II was also very currently reported at the same
period that there would be great scarcity of houses
and difficulty found in getting them, If not immedl-
| ately secured.
There was then no clear prospect of the present
sudden reaction prices and in rents that we now
witness maturing before II was the business Of
the Wall street press and the spectators TO persist
in the assertion that the rise prices and IN rents were
| natural and would be sustained. Apanc also seized
upon the minds Of great numbers. "lfI don't take a
house now, wont get one in April" This was the
remark of many tenants, encouraged by their land
lords.
What is the situation of things now? The issue
has turned out we always predicted. general re-
vulsion has taken place in business that will bring
down prices and rents to what they in 1923 OF
1890. We are as yet only in the beginning of the
change Grea, numbers, in consequence ofthe afro
cous conduct Of landlords and usurcrs are preparing
TO emiprate TO the wese Whole families, thousands
and thousands, will be really BY the lst Of May to take
up their Journey to Illinois, Indiana. Michigan and
the far far west" The world is wide--why should
they starvc here, while riches and wealth wait for
them in the prarles beyond the nous salns and lakes
These various movements will, Of course throw
houses empty, back upon the hands Of many land
lords BY the lst Of next month rents will be 25 per
cent under the present rates. Rates and prices are
falling every day-and the landlords must comply OF
have their houses empty.
But there is one evil TO be remeded.
great many families, widows and poor people o
all descriptions, engaged houses al the high rates II
February They could now get houses at 25 per cen
less: but what is TO be done with their past engage
men,sq We will tell them. The engagement Of any
| individual even written one to rent house from
the lst of May, unless money has been paid in ad
vance is not legal contract, and is NOT binding IL
la,o on either party Such an engagement is in thu
nature Of a contract on time, and whether written o
verbal before witnesses or not, IT is not binding