Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-04-17

The state Of the circulation al New York, the rate
et exchange on foreigR Places entirely Ieassure as
OF the safety Of our lransactiens with all the states.
new \ ork 10 the commercial capital OF America;
the affairs OF the Union are centered In TINS city, as
these OF England in London, and those OF France IN
Paris The Improvement felt in the heart OF the COM
mercial body necessarily react upon Its exreml-
Ties and, Notwithstanding every report 10 the con-
trary, the southern cities must and Will follow the
impulse given them by New York.
In fact, the unfavorable news from New Orleans
dates on the 10th January; but eight days ago, we
gave commercial news Of the 30th January, which
bile aud Charleston, as well as at New Orleans the
banks were making large purchases OF cotton, the
expectation of which would Immediately cause an
Improvement in the rates of exchange.
This mernng, the Liverpool packet has brought
New York papers to the 10th February and we can
perceive in the news already published, that the
changes between the cities of the United States
tending to an equalization although the rate Of paper
on London had descended 10 1876 that TO say, al
though the importation of specie at New Fork offered
gain Of 5to per cent.
The large purchases of cotton (of which we have
spoken) and the decline of exchange which has been
50 favorable for the Importation Of the precious met
ais, clearly evince the efforts made by the banks 10
resume their specie payments with all despatch. This
is The true cause of the inconvenience by which COM
merces tram nelled in the United States. As to New
Orleans we will cite fact which proves that its stu
alton Is becoming more and more favorable. Since
the LIST of October the opening Of the business sea-
son. to the 3rd OF February last the expectation of
cotton from that port amounted 10 22l 600 bales
while the average of the two preceding years was
only 1875 900 bales. This surplus of expectation ne
cessarly gave TO New Orleans the balance of credit
over foreign countries and even over New York TO a
large amount ana from the necessity of making re-
turns, or drawing bills to the amount of these
exporlahons must result great ameioration in the
rate of exchange
The principal obstacle to the resumption of specie
payments Is the arrangement and inequality OF eX-
changes IN the interior; but every thing announces
that they are now tending TO their level.
presume that these facts will furnish sufficient
answer 10 our alarnliss.
The facts on which the foregoing remarks OF our
Partisan contemporary are grounded will be found in
our articles the money market previous TO the 10Th
February last. On these the French editors reason
ings are based
marriage. il is stated is the taps between the
Princess Clenentine of Orleans and the Prince Royal
of Bavaria This princess is the only unmarried
daughter OF the King of the French.
M. de Montalevet, minister of public instruction,
who taken i'll in the tribune, is confined 10 his
house. but no fears are entertained of his recovery
The vruent debate the secret service vote, that all
important fund for minister, return is render
ed Of its expenditure, adjourned but was resumed
on the l4th March, and the sum granted
LoRD Observation-Disclosures from the ordinary
sponsiblities of public man. hopeless and, there
fore, fearless
Farewell to hope, and with hope farewell fear,
Farewell remorse-"
the oucast of all parties and the admiration Of all
bound by no political obligations left to be law
unto himself with no other principles than those
which have brought him TO this condition, Lord
Brougham appears to be prepared 10 exhibit to the
world a spectacle which the world will regard with
more of sorrow than of anger, but which in times of
less tranquility than the present might well be re-
yarded with more offear than of either. Ii is distressing
10 think that with his high qualities there should be
mingled an alloy which has detached from him his |
Did associates who combatted by his side in the bat
les of civil and religious liberty, and shared his tr
lmph. No Ministry would willingly dispense with |
The aid 10 be derived from his Lerdshps splendid
ents or wantonly provoke his hostility. Thank God, |
however the days are past and we hope they may not
reeur in Lord Brougham's LIFETIME when the reck.
lessRess of despair can raise man whom qualities
which inspire distrust have brought low. Nothing
be creditable TO the present times than the
fact that these qualities should prove fatal TO the DO.
lltica influence of of unrivaed talents-Chro-
nicie.
Aux DAMEs.-The Journal de PIsere records the
recent sudden death Of young lady while a, ball
during the Carnival in consequence of being tight,
ly laced.
Correspondence Of the Herrld
LIVERPOOL, March ls, 1888, (Friday)
The detention Of packet enables give
Of Cotton this week, which to "A, 2so bales
1880 Upland, ias $50 Sea island 2.ts55
,sss 9 9.,s. 'sssi. s's'aned do, ilaia
"a $50 bales,
,f which $500 American speculation, and $50 |
Ipor No change prices to-day The import this week
TAI bales OF all descriptions al OF which America
Ash-sThe sales confined bbs Pot 80 hbls
ef Pearl, without any improvement In price
Ta-Ths stock trifng-an import OF good rouny would
command high rate.
Turpeptins bbls have sold (par Of which
10 lz cd for fair 1s for good but these
the aser unwilling buyers except TO supply their i'm
mediate wants
LIS
Glover seed-The quantity here will exceed 20 tons
and that being old import he business has been csnhned
10 few ofthe best at IS To- per
Faseed purchased very sparngly, only zoe casks
ing with buyer nj Sos per hid.
MARCH 7Ths sales OF Cotton today estimated 5000
bales. No chang. TO notice in prices.
HavRE. March IS. 1885.
The have been very since our
respects " the OH during tire lss three days still
prices fully Supported except for better
Sorts which are becoming rather scarce.
The trade having but very limited supply will every pro-
liability hnd the present sufficiently low their
psrchaes with regular activity hut the manufactured goods
costnping OF difficult sale, notwithstanding very low prices
any Improvement the OF The material would
submitted whsut reluctance; whilst further depreca-
lion likely be the result OF great disposition
part holsers realize appears mach be feared
such will he The hear Of rather ship
meats being undertakes port by OF your
ports banks for their psn,ers account which crcu
ancs by forcing the trade Of is usual channel