Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-07-25
MIR. Bennctt's Letters.
LETTER NO. XVI.

LETTER NO XVI
LONDON, July 5, 1888.
find it the greatest difficulty in The world to sit
down here and write letters for publication in New
York. Why2 Because thousand things and sights
are pressing upon me at every point. Until return
ts my dear New York, my sketches must be brief
and few. My min and journal are fnl-so full that
have sometimes an idea of returning directly but
wont I'LL see Paris, &c.
The Coronation is ever. he pageant is no more
1t was like playa days revival of the Dress dra-
perry, and manners of The Gothic age of chivalry.-
All the orders of society returning TO the sobrie
ties of life. Commerce and politics-with the ex
ception of the few nobiesss-are the great employ
ments of this country. With us, who have been
gorged with democracy, the tendency is 10 aristo-
cracy-here the tendency of events Notwithstanding
the dong. of the peers or the sayings of the press
is decidedly TO democracy. feel presentment that
The coronation have will be the last that ever
will be beheld in England.
Now for business have accounts from New
York TO the 18th of June. The avidty to receive
news from our side Is increasing Monetary affairs
and Canada the principal points of enquiry. The
new Treasury Circular much cut up in the United
States is very generally approved here by all parties
both theoretical ami pracucal men. There is no
small cote currency here since 1885, and to this
fact attributed The absence Of pancs and pressures
The order of Mr. wosdbsry to receive no bank notes
under $40 is therefore generally approved In spite
of this new Circular, which seems TO have created
some fresh apprehenslons in New York, the cent?
dencc in tie recovery of commercial intercourse with
the United States increases apaee. More activity is
developed in business than for two years past. Ii is
true the Liverpool cotton market has been dull for
some time but this is merely attributed to tenn
porary causes, which the elements beginning 10
come INTO action will soon remove. During the pre-
sent season. every packet that has arrived from Lon
don has taken larger cargo than the preceding one
Ilearn from the best authority that the Gladiator now
at this port, will sail in few days nearly quite full
and more, the packet to follow the Gladiator will be
fuller The manufacturers and capitalists OF England
are determined to revive the American trade, and il
will be done. BY next spring we will be under full
canvass.
A statement was made recently here conveying
the impression that the house Of Wilde & Co. had
paid off all their liabilities except 10000, and that
due To the Bank guarantee. This statement was
ambiguous and mysiifed- and find no two persons
understanding it in he same view.
stIli continue TO collect variety of books, pam.
pheis documents and other similar matters, relative
TO the trade, and currency Of England, Ire
land and Scotland On my return shall begin a Sc
n,s Of Wall street Reports different from any ever
written. The science of finance is in fact the
science of modern government. What makes the
Rothschllds so rich and powerful though prescribed
Hebrews The philosophy Of finance. l mean to
begin new era in New York and the glorious Union
for, spite of all have yet hcre-the model
republic" called in Europe, is the most glo-
nous country for genus talent industry, enthusiasm,
and pretty women that the sun ever shone upon. In
the of 6nance the world is only in its infancy
Yesterday General Cass, our very popular minister
at PARIS returned TO that city. He had visited this
city to see the Coronation. l called upon him on
Saturday He is in fine health, and is absolutely
getting fat. It's several years since saw the Gene
raj, and really was as,onlshed TO see the difference
in HIM. He gave me polite invitation 10 visit him
during my s.jsur in Paris.
My friend young John Van Buren, is behaving very
well here. He puts up at Longs fashionable Hotel
in Bond street, and qulnzes the English dandiss most
numerically. l understand also tina, the Queen is
much better pleased with our Prince than with the
white haired spng Of royalty from France mean
the Due do Nemours John has great deal Of ma
iural drollery and wit about hlm-a little bizarre II is
truo-but the poor Frenchman has little Of either
Both have long legs, but the form and figure OF the
democrat is decidedly much siraighter than that OF
the ,ricolor. On each side OF the Queen, when she
is at the dinner table, is chat generally vacant
When she wants TO talk to any OF her guests, she
sends her page 10 the person with request to drink
vine with her majesty. The person thus honored
nmeoi ,,ey gets up and walks up to one Of the va.
cant hairs, drinks with her majesty and snters into
conversation. when John had the invitation he en-.