Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-08-03
The Journal.
PAGE VII.


WEDNESDAY,, June l3, 1883.
When return to New Yerk, shall make sons
improvements in the press that will make the sxpen-
mics of Wall street stare. In the first place, mean
get married, if possible in order to have that aw-
full event in mans life eff my mind Ny fair readers
need not be alarmed will never marry any thing
but an American. Although was actually born IN
this country, yet, to my SURPRISE find that every
thing here feels, touches, tastes and looks foreign.
There is an enthusiastic spirit OF the morrement in
the URited States which does not exist here. This
is cold climate-ours is "warn, reekng rich" as
Burns describes the haggls."
When return TO New York, shall put new
sprit-a new Efe-a new seal into the Herald. have
been collecting every book, pamphlet, old or new,
that can find here, giving light the banks, cur
rencZ and trade of England. From what 1 have
already seen, and heard, and read satisfied that
we have never understood fully the history and Pc
sdoa of money matters and banking here. Among
those connected with the money market departments
of the London press, there is an extraordinary want
of knowledge Of American affairs. II happens, teo
that when they take up any opinien the subject
they most generally adopt the mere party views Of
some faction or cote but do not speculate indepen
IDENTIFY on the general movements of trade.
believe it will be acknowledged that was the
first editor in the United States that attempted
daily report Of the money market. On this was
hard at work eighteen mo nths before any attention
was drawn to them. The first attention was crea-
ted in this metropos-and to this may be aseribed
some of the additional attention paid to Ameri-
can affairs here, and in every part Of England.
But hope that the popularity and use of my past
labors will be small to what the future bids fair
to be.
By the establishment of steam lines connecting
London, Paris, Havre, Bristol, and Liverpool with
New York, those capitals will all be placed, more
Than ever, under the same influences and causes in
relation to money, currency, trade, and commercial
movements. 1t calculated here, that in two years
or more, iron steamers will be introduced, capable,
from their light draft Of water, to cross the Atlantic
in eight or ten days The certainty and regularity of
such lines will have greater effect on the currency
of these three nations than the discovery ofthe mines
of America in the sixteenth century. The existing
specie or bullion in France, Eng and and the United
States will naturally be enlarged, in its peculiar
Pscity, and may, through the means Of steam, be-
the basis Of three times the amounts of credits
or of currencies, that the same quantity is now
Runs, that evil genius Of credit will be in measure
prevented. In short, we are on the edge of new
the discovery Of America. As pioneer in this new
era, shall endeavor 10 exert myself to the utmost
l am, therefore busy collecting every species Of docu-
ment book, pamphlet and oral information, here in
London TO fit me for the course shall pursue on my
return to New York. In Pans, in Hawe, in Man
chester, in Liverpool, shall prosecute ardenty the
same pelicy. do not come alone TO this country to
see sghts-to gaze over old castles-or visit ruins.
i must catch as | can the living movements as they
rise and develope themselves.
On the whole, think l shall be able on my re-
turn, 10 begin series Of money articles, such as
have never been seen or imagined IN New York. The
power Of the daily press, in finance and currency has
never yet been developed. Apropos talking of mar
Tying and horses heads, makes think of cottages,
establishments, equpages, furnishing neat houses,
and preparing TO establish refined society on new
basis. The haul ION here are most cxiravagant du-
ring the season. which is at this its height.
In the West End, probably 300 splendid dinners,
soirtes routes, sencerts, &c, at 600 TO sl0 600
each, are given every week. Oay few Of these
are reported in the newspapers, consisting Of choice
seleshon of the very highest society. For few
weeks the beau monde expcnd so much money that
they obliged to curial their expenditures for the
rest of the year. There many rich persons among
the nobility bu, the large majority Of the people Of
quality are poor and prosd Many Of the highest
financial and commercial classes here initiate the
nobility, and seek their society above their own sal.
walton. There is however, a new spirit showing il
self now and then. Intellectual society," combined
with power, and science, bids fair 10 erect
new caste in the midst Of the old b.
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