The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-04-19
Dawn Of a new Civilization.

and consequences Of the present singular crisis Sur
rounded with an aimo sphere, composed of the bad
breath of ignorant aAd corrupt bankers foolish po-
clans and fnancers without philosophy, these Jour-
nails only capable of taking short sighted view
of the present state of the commercial world, equally
narrow and equally erroneous. The Courier shakes
its whiskers, and talks nonsense about the specie
Circalar-the Express shakes its head, but only
shakes empty words out of 1.-THE Journal says
yes" today" no. tomorrow, with long prayer
while picking your pocke-but not one of these prints
appear to be imbued with the spirit of philosophy
sufficient to see the nature of the revolution which is
now begun. We will cnlighten them.
The struggle now going on in the commercial
world apparently struggle for the specie on which
all our present political and commercial systems have
been built Ever since the close Of the great Euro
pean war; the systems of France, England and the
United States, were systems of credit, or paper cur
yency otherwise called public stocks. In consequence
of the great capabilities of this country and the pecu-
liar business talents its people, the United Statess
the first to get out Of dcbt-and to possess itself OF
treasure OF fifty millions of surplus revenue, which s
in gold and silver imported from Europe. By the
best caculators appears that the whole amount OF
the specie currency of France, England and the Uni
ted States has not died. during the last ten years,
two hundred and fifty millions of dollars. This
amount of carrent gold and silver has been the basis
of the credits Of the commercial and banking systems
of all these countries. On this basis probably credits
10 fifty times the amount have been issued in promis-
sorry notes, bills of exchange and bank paper cur
rency In the distribution of the specie, about one
hundred millions has found its way 10 this country,
one half of it in the possession Of our government
The apparent struggle therefore at present IS for
more equal distribution of the basis Of credit though,
in reality the approaching crisis in the general sys
tenn of modern commercial society will inevitably lead
10 n general revolution throughout all the civilized
countries of the world.
The American government, being out of debt can
a.,v retain the specie now in lis Golfers, and thus
Mace both France and England, in less than six
nontbs in the midst of terrible political revolution
brought on and preceded by the terrible commercial
reyulsion Symptoms Of these events are now begin
ming to appear here and there in those countries, IKE
IN. bubbles on the surfaco-or the sad drops Of
before The hurricane In the large manufacturing
,o,vos Manchester in England Lyons in France, the
,vorkmen are beginning to be discharged. The failure
and disas or among the merchants will lead to iasre
and disaster among the bankers. The specie now in
ENGLAND * not half sufficient TO support their present
credit system. A eenernl and universal route nom
the Bank of England down. will be the consequence
or thc.nolicy Of the American government TO retain
The sDecie hence a general revolution Will be genera
ted over the whole civilized world, that Will caese
return 10 the prices and values of the sixteenth
century.
The great revolution now in progress is not the
brenkinp 40 OF few cotton houses IN New Orleans
n few lobbers or importers in New York-or few
bankers in London. 1t il the beginning Of general
revolution in the whole artificial frame of modern so
ciety-in then tholghts-in their fcelings-in their
habits "a well as in the prices and values OF all cem-
,,,odtes BY means of the abuses Of the paper sys-
TEN cold and silver its basis have been moderated
and undervalued The specie Of ne pcrif is nolc
se,k;ng and lrH force an adjustment. BY one OF
those dispensatons of providence a republican go
vrnment the most ignorant of any that reached
power in the United States, has bundered upon
MEASURE that produces and aids this new revolution in
both France and England revolution which will
most likely destroy forever the existence Of monarchy
n both countries. The specie policy Of Andrew
Jackson, and his lScofoco obs macy still continued
liz his successor, will produce the same effect upon
tine civilization Of the nineteenth century, which the
advancement OF the finances OF Louis XVI did in the
latter part OF the eighteenth. BY retaining the specie
here. the whole form Of society will receive blow
that vii lead to revolution, and perhaps TO war in
Europc. We have passed through long season Of
peace. The civilized world i changed TO what il
was. Mems minds waking up from a dream.
They rubbing their eycs-asking "what is the
matter l'-and wondering at The notions they have
entertained for the last twenty years.
We have strange career before u.s. II revolution
in the governments Of France and England should
lead 10 war; il will be one of the most original and
mighty events that eyor yet opened upon an as,onish
cd world II will be war Of steam powcr-it will be
n war Of science against ignoranco-of new thoughts
and fresh feelings against old wthered preIudccs.-
New NopoeoHs will start up nj every psnt. In such
n state of conflict the paper currencies and banking
systems will be the FIRST 10 vanish like the palace Of
Aladdin. Gold and silver will be the only currency
kings, priests and emperors, bankers and specula-
tors, will be no moreand the great spirits Of the
earth will be pres dents congressman generals, cngi-
neers, editors, and pretty women.
FuaNfTuRE SALES are now all the 60. Every day
families and fashionable people breaking up house
keeping reducing their establishments and preparing
% emgra,e to the west Some Of the most splendid
furniture has been sold recently Yesterday three or
four such sales took place in different parts OF the
aty. During the recent expansions and specula-
ions men and pretty new married women espend-
VI much in the way Of furnishing houses and