The herald., 1837-05-08
NEW YORK HERALD,
From the Weekly Herald, of May g.
News OF the Week.

News OF the Week.
We have passed an other week of time running into
eternity, and such another week may we seldom see
IN New ork. 1t if the very vlals OF their
commercial system were torn asunder by the vuture
OF calamity.
From Europe we have had few DAYS later intel
Hgence, bu nothing very decisive OF the state OF mer-
camille affairs from that quarter. They were waiting
IN England with great impaence for the next news
from this country. The whole American trade was
topping 10 It's foundation In literature and philosophy
our athorland appears 10 be getting old and foolish.
Their erdteurS are gradually burning down into the
socket coming 10 this country in order study So
cety and manners under new aspect The English
press now thows little out but mserable-mos misera-
BILE trash. The United States in few years, will be
the great mother of science and civilization. The germs
of new application of original power to the purposes
OF locomotlon, are breaking out contcmporaheousiy
IN different sections Of the country. The magnetlc
engine, nvene ed in Vermont and Baltimore, at the
same period of time, gives us hope that IN few years
we shall surpass fathers, grand fathers, great
grand fathers and great great grand fathers back 10
the remotest point of being.
In England political affairs are IN very qulescent
state There is not enough of the devil in il 10 give
interest to life. The king is aseep-the queen is
.asleep-the ministry is snorng-and both houses of
parliament can scarcely keep awake with O'Connel
to roar and Hume TO do sums in arithmetic. A bit
of three months revolution would be useful thing
to England.
The political news from France and the continent
IS of the same uninterestng character as that from
England The conn nercial revulslon deveepes itself
go some extent in France, but there very limit
ed paper circulation in hat country their credit sys-
tenn has not baen expanded beyond certain secure
limit. Deep and terrible revulslons in commerce are
always the consequences of great paper expansions.
We have also accounts from the celestial empire, by
the Nabob from Canton. The dynasty of Heaven
is very qaiet-a palace was burnt down last year at
Pekin but no other harm DONE
On this continent the foreign news is very dull and
nonsensca The soathem republics in
state of complete collapse, except Mexico, and that IS
tn Hputy tyrlcfInn no ell
vescence IN that country will most probably end IN
the restoration of Santa Anna to power. He is pro-
ceedlng gradually aad slowly to attain the same pub
lie position he formerly held before he went on the
Texas expedition The accounts which we daily hear
of more Mexican expeditions against Texas are so
many idle fancies. We do not believe that Texas
can ever be united TO that country; and every
cessful approach of Santa Anna 10 power, renders
that opinion correct and sertain. What the des
tiny of Texas may be is wrapped up in the womb Of
the futures in the hands of her brave citizens.
The news in our own droll land, smiling, hap
py, unfortunate, gay, bankrupt and,-thls news Is
the most important.
During the week the great commercial and social
revolution has been going onward with terrible rapi
dity In New York nearly serenity large houses have
suspended paymen-and out of the city, probably
hundred other failures have taken place, all over
the country of merchants ma acturers, bankers,
brokers' and what not. The whole country is in one
whirlpool of agitation. A Committee has gone to
Washington TO wait on the Presldent-a meeting of
Congress is called for. The legislature is still in ses-
sion, but il talks-acs not.
In this city bankruptcy has swept away our best
and most pous citizens The sinner and the SAINT are
equally brought down. No respect is paid to long
-,rnycrs--or builders of churches. Arthur Tappan,
John w. Leavltt, and whole batch of christians
who never INDUCED in giving soirees, except to the
hecdessly as those who played cards-swore oaths-
patronized Rosna Townsend-and drove tandem on
other peoples money The glorious abolition cause is
gone forever The amagamaon of the beautiful
aoAh al
for while, or turned TO the theorists and
philosophers in electro magnetism The anti slavery
society il knocked up Their great patrons are
knocked down.. Alas for the poor slaves of the
south They will, for few years longer, be COM
PEELED 10 eat, drink, and be comfortable under the
control of their owners. The delicousHess Of liberty
and rags-of equality and dir-of an elevation in the
social scale, and depression in the moral, must be
DELAYED for a time TO come.
We are still in the midst of this severe revolution
and no one knows when or where il will stop.