The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-02

The news from abroad relation to the state affairs
in England is by encouraging. little start
of business grew out of the settlement of the tariff but
there is hope of permanent prosperity. The broad
question to be looked steadily in the face by statesmen
and commercial men of all countries is what to be the
result of the present mercantile endorsements of Great
Britain which grew undsguisedly out other altered posi-
ton in relation to the rest Of the world brought about by
twenty five years of universal peace The debt Of
Great Britain the legacy of Napoleon, crushing
her in the dust In oil the vast of the Emperor
extravagan debt created in France the contrary
the shorghted rulers of England to check the Of
human liberty loaded the English subjects with
debt. At the return Of peace, England the great
manufacturing shop for the world the markets Of all
countries were before her. she raised within herself all
articles food in sufficient abundance and her vast sales of
manufactured goods brought all countries in debt to her.
and supported her paper system which, alone rendered
her taxation tolerable to the people. The countries of
Europe maintained sound specie currency, which ena-
bled them successfully to pursue their manufacturing
until they have superseded those OF England in the
kets of the world The population of that country has
during her of manufacturing prosperity grown
beyond the capacity of the land to feed them and at the
moment when large imports of produce have become
cessary her feregn markets have fallen into decay The
weight of the debt is every moment becoming more
burdensome. and Napoleon, 1t WERE reaching
been with the utmost difficulty that the Bank Of England
during the last four years. has been enabled to maintain
its specie average The circulation is very limited
with every prospect Of short harvest Tho foreign
changes nearly balanced, and demand for specie,
from the United States, is its way to Europe.
Probably, during the coming year, $50 will be
drawn to this market, while the sales of English
goods on the continent will continue to decrease,
owing to the increased tariffs of France, Russia and
Prussia, as well as their restricted currencies. The
demand for coin for the American market was one of
the aedged causes of the difficulties of the Bank of Eng
land in 1887 The currency of the United States from
highly inflated paper currency has become and will
continue to be specie currency the level Of that
France and the Continent Under these
paper currency in England under her restricted trade
cannot be maintained and without paper currency her
debt cannot be sustained The present the popu
lace is proof that will not long be suffered to exist In
relation to the comparative state OF manufactures Eng.
land and on the Continent annex the following tables
from Official sources commencing with the exports four
leading articles of manufacture from France The
cia commerce is the sole product of France The
raj commerce represents that of France well as the
transit trade that is from Switzerland and other
countries, France.
VALUE OF THE EXPORTS FouR LEADING ARTICLES
THE PRoDucT or FRANCS rHE Gross EXPORT