Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-08-06

no other country can come up to them. Sir John
Tebin says tive in England have the steamers and
the capital to establish lines to New York. One
thing we want--that is the American captains.''-
This by the way-te cotton again. The principal
holders of cotton here at present, are as follows:
Humphres & Biddle, about l25 600 bales.
Brown & Co., 10000
Barring & Brothers, $1,000
Denniston, Ia Scotch house,) $4,000
The whole stock on hand is larger than have pre-
viously stated-some say it reaches 500 600 bales
The Browns the principal sellers-the other hou-
ses holding on as much possible We do not be-
eve here that the United States Bank and The South
ern banks can resume specie payments simultaneous
ly. The agent of the Mobile Bank here says very
cen fdently that the Southern banks resume
ill n ext crop. A continuance of the partial susPen-
sion the South least will prevent the fall of cot
ton here till the next crops of England come into
play and the internal trade, as well as the foreign,
force the manufacturers TO pay the prices of the bro
kers. HUMPHREYS & Biddle will make large profits
by their cofnmissions-the bank will lose. The
Browns will come out of the late revuslon stronger
and better than Out of protested paper to the
amount of 7G0 600 pounds, returned to New York by
the Browns in 1887, they will not lese so 900 pounds
am glad of it, for they are highly respectable
house, and never gave themselves such airs as the
three w. in Londen. Hereafter the American traie
in cotton will be controlled by the three B.'s-ihe
Blddles, the Barings, and the Browns. The day of
the three WIS are past and gone forever.
The superabundance of money in England is in
crsasing. The Bank of England has 50 G00, coo in
deposits, waiting for investment. If the corn crops
of this country and the United States be only full
this year, trade will revive astoRishingly- and proba
bly, cotton may rise in price, although could not
predict il positively.
Thus much the cotton trade. My friend Webb |
eiurns in the Great Western. Up 10 her sailing for
his side, see he has written nothing. How could |
he? Heis all belly-ne mind. He has been eating, |
thinking, and carousing all over France and Eng
and-I have been engaged in other pursuits MIN
'orte-I got an admission for him to Westminster
Abbey, and am glad he saw the coronation Think |
have already given you account of that matter |
Marshal Soult arrives here tonight. remain here |
o see him. The eity gives him a pablic dinner in |
he Town Hall tomorrow. am promised an invita-
ton to the dinner, and if remain here l will CO.
Celeste is at London. / shall be there next week,
and also in Paris. Wood, the singer, left this place
this morning for his place near Manchester. / did
done so. Whether he will come out to the u. States,
doat know.
Canada fairs.
Hitherto have said very little of Canada affairs,
but as they are now becoming Interesting again, i
nay well give my views and Impressions What
,ver be the result of the outbreak in Canada the
policy Of Lord Durham, there is no fear of war be-
ween England and the United States. Give no heed
o the speculations of the London press. The tory
press talk nightly Of war, but il is all for home eff
ect-inended to disturb and frghien people here SO
Is to put down the Melbourne cabinet. The English
government has deeper interests al stake in the East
Ind with Russia, than with the United States or Ca.
NADIA. or oil things in this world, the Russian 70
vernment would like TO see England and the United
States at war destroying each others resources be-
cause by that foolish course the northern cabinet
would march over Crcassia and the East unmoes-
ed. France, England and the United States are the
three great nations where freedom and civilization
alone exist The instruction Of province in North
America will never put them in the power of the
would. be new Roman empire of the northeast OF Eu
-ope.
When was in London, ! ascertainod what were
he policy and views Of Lord Durham, and the cab-
net mere on the Canadian question. The trouble in
Canada has been the rvalres and jeslousics Of the
Did wing and tory "rsmps." The revoluticniss and
adicals were never but handful This is the opinion
held in London. Lord Durham will place the power
,f the two provinces in the hands Of the local whig
PARTY before he leaves the province. &c assured of
his.
am inclined 70 believe that the tories here dare
not put oit the Melbourne administration. The Young
and lively queen is the most popular sOvprrlgn that
ever reigned IN England. She j. the great strength
Df the wings, and even Wellington himself gives
them occasionally helping hand for her sake. The
resrn OF the tories 10 power would be the signal for
fresh agaions that nigh, end in the destruction Of
the privileged classes and the House OF Lords. The
spirit Of revolution only sumbers in England--it is
not dead. Even the tories, by their conduct keep II
alive When | am asked here what arc your vie wsw
reply, 81 am more Of an arisocrat than n demo.
erat In the United States we have had our bcyful
Of democracy. The tendency Of oar country is to
aristocracy OF talsntof England, TO
a democracy AT this they say, very generally.
J" hal ha! hal-ho! no hoF' and am not sure but
il is the best reply they can make.
Canada will not be given up by England but
suppose both provinces will be consolidated in one
The colonial system Of which Canada is part only,
will receive a greater impulse during the next ten
years than Il has received IN the last twenty. This
will be accomplished by the combined effect ofstean