Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-01-06

The financial and commercial intelligence con.
tanned in this days Herald, is OF the highest import
1t discloses tie unques tionable data,
the commencement Of healthy reaction in the Anne
rican trade in England, which will make the arri al
of the British Queen steamer, now out fire days, on
her way to this port, be expected with great impa-
thence The Queen will probably be the next arrival
with late news, and may be expected Saturday or
Sunday week next.
Connected with the importance of this news is the
probability that a strong effort NAV be made in the
British Parliament to modify their Corn Laws ST.
multaneousy with similar at empts in this country
to altar our tariff laws. We have long urged upon
the governments Of both countries new CONNER.
cal treaty mutual tariff basis, England to admit
American and the United States English manu-
features at fixed and reciprocal duty If the Rri-
fish government were TO open their ports to Amcrl-
cora on low duty. we can raise any quantity in
this country.
Another point Of gre at Importance in this news is
tia. almost positive fact that Jaudon has succeed.
ed maintain his position in London, in spite OF the
combined effects produced by the money and corn
crisis in England, aud the shameful laundering Of the
President, Cashier, and Directors Of the bank in
Philadelphia. Mr.. Jaudop if he returns to America
ought at be placed at the head Of the ns,ta
ton. He may, in several years. be able to retriev.
its reputation from the encouragement Of DuAlaP,
erthwaite & Co whose errors, IL nothing worse
have caused half the trouble which the bank has
experienced.
On this point we have received some cxtraordina-
~ private information, which viii open the eyes Of
the commercial community generally.
Such is the news-yet IL cannot be disguised that
the whole com me rci, and monetary system Of Eng
Iasd has escaped a eonvulsion by sheer accident
Political md financial troubles still encompass her
on every side. Canada China, the East and West
Indie. are pre- snant with the seeds Of difficulty that
will deeply effect her financial energies. If the
money crisis Of 1857, and the crisis Of lS39,
together with the crisis Of the Chartis instruction,
the China trade, had all combised together, it
would have been too much for her cosstitu ion,
hardy as it is. Nothing stop the onward move
ment Of the United States. We are young, fresh,
and full Of life blood. and activity; but 1t is not so
with England In this state 81 things, London still
maintains the supremacy over the world Of money
and finance, by feeble tenure. In the recent struggle
her bank had to seek aid frem that &C France; and
but for that charity, her institutions might have been
BY this time heap 81 ruins.
The movements therefore, of the Bank Of England
will be more cautious and guarded than ever. For
some time 10 GENE she will strongly resist any at
tempt to speculative advancing action in markets
ana prices. This is precisely the policy Of the New
York and New England Banks and they will
be strengthened still farther in the right path,
while Philadelphia and the other suspended cities
and states. are only at the announcement Of their
troubles. We say therefore to all-"cn avant"