The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-07-22


1rday There has been no sensible pressure on the
discount market to the commercial bills that reac
maturity to-day, and although it is yet too early to spea
sremPory on the subject little difficulty will be expo
snced in providing for them From the state Of business
must be observed however that the paper Of that de-
scIlption afoat is greatly diminished in amount.
Reduced Three per Cent Stock has been done at Oh
Consols for the Opening at 81 and Exchequer Bills
are rmer at shade OF ADVANCE those at I'd per per
day being AIS, and those al 2d, AS ass. premium.
Foreign Bonds are not quite heavy as they the
greater part of last week Colombian have been done
aai Mexican at s6 Spanish Five per Cents at 2l and
the Three per Cents at 81
LIyERPooL CorTos MARKEr, Jnly 2.-To.day's demand
Tor Cotton has been moderate and the sales amount to
$500 bags including 500 American for export. Prices
without alteration but there is great difficulty in effectng
sales
July THE demand for Cotton to-day has been far
from being brisk and yet there has been numerous at
tendance oil the trade who evieeny under the neces
tty OF purchasing for immediate consumption about
1000 bags been disposed of entirely to the trade
with the exception OF 100 American and 200 surat taken
for export. The market well supplied and prices have
no tendency to advance.
LIVERPOOL CoRS MAnkrr, July 4.-Havng very few
buyers at Corn Exchange to-day, and impulse from
other markets to enliven the trade the transactions in
wheat being confined chiefly the wants of To-
cal mllers very moderate in amount; prime quail
ties however which much less plentiful than other
descriptions were held at prices little short of our last
quotations. whilst the general runs of free foreign which
r ha not
particular effect on the London tea market though it
confirm the seadiness that has characterised it
for time past The business done lately solely by
private contract has been to fair extent and the de-
liveres last month highly satisfactory. The letters
from China will not reach till next week. On the 30th
ul the stock of tea in London 81 1877 S5 lbs and at
the corresponding date of last year ~ O46 2al lbs
nearly 6oo0Oo lbs The imports have greatly increased
The Operations OF the French Government
In Steam Navigation.
The arrival of the French steamer of war, Conner,
1,,I tl,o
nate therefrom, may be considered one of the most
important movements that has taken place for many
years. far as the trade and commerce of this city
is concerned; as it is also of the most inn
,.ortan measures connected with maritime and
commercial affairs, ever set on foot by the French
government.
Some few months since, it will be remembered
that we gave first intmation of this movement to-
gether with all its leading features and details. We
have it from authentic sources, that ever since the
establishment by Great Britain of their various lines
of steamers 10 this continent, and its adjacent
islands, the French government jealous of the as
cendancy and advantages which such movement
gives to Great Britain in this part Of the world and
watchtul of the true interests of her own CONNER
cal and maritime interests turned their earnest at
tenon to careful investigation of the whole sub
ject, and after great deal of elaboration in the
cabinet this steam ship of war has been sent out by
the French government as the pioneer in the great
and valuable enterprise they intend to carry out.
The several lines of British steamers to and
from the southern parts of this continent and the
West India islands, are in the greatest possible
confusion and this result is utterly unavoda
BILE, owing to the complicated nature of their
arra p,ode hy he Rrifsb
in relation to their lines of steam vessels of
war. And the best way for France to act in this
undertaking is to avoid the errors of their great ri
val, establish few lines of steamers direct from
some principal port at home to some principal port
here, and run them with regularity, certainty and
all necessary dispatch. Thus they may avoid the
confusion and great loss sustained by the British
lines of steamers to this country; as the more com.
plicaed the parts of machine are, the more liable
II is to work wrong, gey out of repair; and picp
versa the more simple its construction the more like
ly it is to work with regularity, ease and Ger.
tainty.
Let the French Government, then, simplify their
arrangements for navigating the Atlantic by war or
other steamers. And as matter of course, let them
make New York one of the principal ports of desti-
nation for those vessels this side the Atlantic
We have in this city the greatest facilities for fos
terng and perfectlng such enterprise; and if any
ofthe officers connected with this expedition want
any information commercial affairs, we shall
ourselves be very happy to furnish them with it, in
asmuch as we have more valuable information, sta
tistics and details connected with this subject, a.
well as every branch of commercial affairs, than
any other establishment in the country.
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THE ADMINISTRATION OF JUsrIcE.-We are sti!
daily hearing numerous and heavy complaints IL
relation to the administration of Justice in this city
which complaints we have good reason to know are
but too well founded How long this state of thing
IS to continue, or whether we are ever to have Il
radical change therein, or otherwise, becomes
matter of great moment to every good citizen and
lover of order, justice, and perfectly pure admin
lstration of the laws.
We know that great efforts have been made in
of Justice in New York, and to give
to it proper degree of dignity, integrity and inte
gence in all its departments. And so far, the efforts
Of those thus acting, are highly commendable and
Trustworthy. But all concerned must pull togethe
4 this matter, or nothing permanent or beneficial
can be accomplished 1t will not do for one branch
IF the administration of justice in this city to pull
one way and one another; for one to be taken u,
with this or that speculation folly and another o
be intensely occupied with this or that business
bubble, political man9uvre or jugge
The efforts OF an honest Grand Jury--may do
much to improve the administration of Justice The
welregulated exertions of our Common Council
may do more. And ifthere was nothing to check
or counterbalance their exer,ons, we should have
hopes of a thorough and wholesome reformation in
this matter. But when see Judges of high courts
-senselessly forgetting ruthlessly regardless OF
he respect due to the station they may occupy for
ne time being, and of decent regard to public
,pinion-coming down from their seat on the bench
.nterng the dirty arena'of politics, land mixing them
selves up in the small business peddng out penny
newspapers, certainly Ebegln TO despair of ever
seeing any Improvement in relation to this most i'm
oortant matter-the administration of justice in this