Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-08-04
The Journal.
WEDNESDAY, June -, 1889

VII.
"WEDNESDAY, June IL, 1889
"hen return to New York, shall make soms
improvements in the press that will make the sixpen
MES OF wall street stare. In the first place, mean
10 get married, II possible, in order have that aw
ful event IN mans life oil my mind. NV fair readers
need not be alarmed-l will never marry any thing
but an American. Although l 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 mouuemens in
the Uaited States which does not exist here This
is cold climate-ours is "warm, reeking rlch," as
Burns describes the "haggis."
When l return TO New York, shall put a new
spirt-a new lfe-a new soul into the Herald have
been collecting every book, pamphlet, old or new,
that can find here giving light on the banks cur
rency, and trade Of England. From what have
already seem and heard, and read, am satisfied that
we have understood fully the history and po-
stion Of money matters and banking here. Among
those connected with the money market departments
Of the London press, there is extraordinary want
of knowledge Of American affairs. II hapPens, too,
that when they take up any opinion ON the subject,
they most generally adopt the mere party views of
some faction or coterie but do not speculate ndcpsn-
IDENTIFY, on the general movements Of trade.
believe it will be acknowledged that was the
FIRST editor in the United States that ever attempted
daily report Of the money market. On this was
hard at work eighteen mo nhs before any attention
drawn to them. The first attention was crca-
ted in this melropolis-and to this may be assribed
some Of the additional attention now paid TO Ameri-
can affairs here, and in every part Of England.
But hope that the popularity and use Of my past
abors 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 viii all be placed, more
than ever, under the same influences and causes in
relation to money, currency, trade, and commercial
movements II is calculated here, that, in two years
| or more, iron steamers will be introduced, capable
from their light draft Of water to the Atlantic
in eight ten days. The certainty and regularity of
such lines will have greater effect on the currency
these three nauons than the discovery of the mines
| of America in tho sixteenth century. The existing
specie or bullion in France, Eng and, and the United
States, will naturally be enlarged, in its peculiar ca
Pacity and may, through the means OF steam, be-.
come the basis Of three times the amounts of credits.
or of eurrencies, that the same quantity 10 now
Runs, that evil genius of credit will be in measure
prevented. In short, we are on the edge of q new
age as exciting as remarkable as that which marked
the discovery Of America. As pioneer in this nav
era, shall endeavor 10 exert myself to the utuost
am therefore busy collecting every species Of docu.
mcn', book, pamphlet and oral informa ton. here in
London, 10 fit me for the course shall pursue on nv
return to New York In Pans, in Havre, in Man
CHESTER IN Liverpool shall prosecute ardenrly the
same policy. de not come alone TO this country 10
see sights-to gaze over old castles-or visit ruins.
must catch as can the living movements as thew
rise and develope themselves.
On the whole, l think shall be able. on INV re-
turn TO begin series Of money articles, such az
nave 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
rying and horses heads makes me think OF cottages
establishments, equpsges, furnishing neat houses,
and preparing to establish refined society on new
basis. The haul ton here are most extravaoant du-
ring the season, which at this moment al ,s height
La the West End, probably 800 splendid dinners,
sources routes concerts, &C., at $1,000 to 10000
each, are gwen every week. ORly few Of these
are reported in the newspapers, consisting Of choice
selection Of the very highest society. For few
weeks the beau monde expcnd so much money that
they are obliged to curia their expenditures for the
rest Of the year There are many rich persons among
the nobility, bu, the large majority of the people Of
quality are poor and proad. Many Of the highest
financial and commercial classes here initiate the
nobility, and seek their society above their own SAL
walton. There is, however q new spirit shelving il
self now and then. Intellectual society, combined
with power, success and science, bids fair 90 erect
new cast: in the midst Of the old. B.