Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-06

Intere sting from Europe-Ten Days Later
In addition TO the valuable intelligence from
Europe which gave in our evening edition yester
day-also inserted in our outside today-we now
place before our readers further extracts from
files Of London and Liverpool papers and magazines,
shelving the state efthe public mind in England, re-
latiye 10 the affairs of this country.
In receiving this intelligence, nothing but mere
accident prevented US from Publishing il IN antcipa-
ton OF all the other papers in New YORK. ON splen-
did News Boats, the Teazer and the Celeste, were
cut cruising all day on Wednesday. Late at night,
the Celeste boarded the gallant ship England, COM
manded by that sterling man and gentleman, Cap
tain Waite At one o'clock yesterday morning,
the Captain of the Celeste had packages and but
for a head wind he wosld have come up 10 the city
in time for yesterday mornings paper. As il was he
landed one of his crew. Jack Fearless about O'Clock
near Fort Hamilton, at the chops of the Narrows
At that place Jack could not procure herse other
wise he would have been up to town IN time to beat
all the Wall stree, prints. Hereafter we beg the peo
pie of Long Island, all risks to furnish express
riders with horses, at every hour of the night No
matter about the cost-let the good people of Long
Island always furnish express riders with horses
to carry US the news over land and we'll furnish
them the oats.
We have also variozs files of papers from Paris
by the Erie, Capt. Funk, whom we thank for his
kindness in sending them to our office. Galgnani
and the Paris Lie Commerce" copy largely from The
Herald. The fame of 0'Haggerty is spread over
Europe.
The intelligence published today is extremely inter-
esting in many respects. We give every variety too
-polltics-fashion --poetry--scence- theatricals-
cemmerce-and the markets
One of the most remarkable features in the English
and French newspapers is the greatimporance which
they attach to every thing appearing in the New
YoRK HERALD. The public prints throughout those
Kingdoms, in London, Liverpool and Paris, seize as
ayeedly upon the files Of the Herald, as the enthu-
saastc people OF New York. On this very point we
annex several extracts, and recommend them TO the
particular attention Of the rotten Wall street prints,
before they 20 ost and hang themselves on the next
tree.
For the general aspect and course of affairs every
house IN England we refer our readers the passa
ges annexed. vctoria-bless her round placid Dutch
facel-is carrying every thing her own way. She is
a regular ocofoco If she manages her cards. and
makes good selection Of husband, she may be the
greatest monarch that ever regncd- she is locofoco
but she may be despot ,ooa lovely despoi over the
ought to be to hang all thebachelors.
The spint of the English periodicals. for September
will be gwen in this evenings paper.
From the Liverpool Mail, Aug. AL
In another column we have gwen some very inte-
resting statements relative 10 the Gotten markets of
fhe United States. They are taken from the Netc
York Herald paper which has distinguished itself
by the fulness and ability of its commercial intell-
gcnce II will be observed, from these statements
that the Americans fam 10 confess at last they
have er-traded and banked. In fact they en-
tered into a system OF wholesale speculation, and
they now reapng the effects 1t 10 hard, however
that England should suffer by the folly or the fraud
of America. At the same time, it is a point well
worthy of mature consideration, whether the over
traders OF America have not been considerably enc0ur
aged by the easy facilities which England afforded
them. Advances have been made by Liverpool con-
sgnees on cotton and other produce, not merely be-
fore the staple had reached England but before the
crops had been gathered in Americas ay even before
the seed was placed in the soil! In like manner, the
manufactures Of Leeds, Sheffield Birmingham, Man
chester, Leicester and Nottingham have acted with
out tradssman.ike caution in executing orders for
America q credit instead Of a cash system. They
sent their cloths, their hardware their calcoes their
stockings and their hose TO people across the Allan.
tic of whom they actually had no knowledge, and
trusted to the chapter of accidents for payment. II
the American trader sold the articles we'll he proba-
bly, paid fer what he had got and gave larger orders
for the coming season but II he had not sacked dol
self no trouble whatever about paying his English
debtors.
Two circumstances connected with American trade
must also be referred 20. One ls the extraordinary
facilities afforded all spectators by means of the pa
per money system, which had been earned to an ex.
IRENE point in the United States. In the State OF
New York alone the banks were responsible-or sIid
that they were-for specie than could be found
in the whole republic But this maiered little TO the
Americans The banks afforded them "accommo-
dallon" and they awaited themselves most freely Of IT,
IL was the prosperous time Of paper money II al
wanted ~ raise the wind, he had but to draw
bill upon his neghbor and this being accepted was
negotiable at the banks. He returned the comph
ment whenever his neighbor required it. When
the bills became due they renewed, and to
the end OF the chapter IL the speculater succeeded
he paid the bill, and became q mighty man in Wall
street (the Change Of New York;; If he failed, there
was an end OF it-he turned his hand 10 something
else and couple of years him as speculative as
ever and in quite a. good odour as formerly with the
paper money makers IsuawoHdcr then, that nine
out of every ten men in New York became specula-
tiye7 They disdaincd the mode Of acquiring cempe-
fency by industry and flashed away at railroad
speed, TO make large and sudden fortunes by novel
and dashing means. They had neither caution in
business adequate capital 10 carry IL on. Their
system was dash--dash-dash, and they were ,rou.
bled with nice scruples how matters were 10
end. In most cases, as they commenced wtheu,
money they had nothing TO lose; and though il did
not tell very much for their characters, yet the
bulk Of them equally IN the mrc, tina, circum.
slance ceased 10 disturb their equanImlty