The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-08
EXTRAORDINARY EXPRESS FROM BOSTON.
FIVE DAYS LATER
FIR ON E u r o p E.
Great Cotton and Commercial Excitement in
England.
Symptoms Of Revolution In France.

exclusive erpress from Boston, most important n-
telligence from England inserted on first page,
brought from Liverpool to Boston by the fast sail
ing ship Republic, and expressed for US at great
expense over fhe whole eastern country to this
city. We received this news in time yesterday to
send it by slips, extras, and letters, all over the
Southern and Western States, as far as New Or
leans, st. Louis, and Cincinnati, one day in ad-
vawce Of evry other neespapr establishment in
Nsp York.
This news is five days later than that previ-
ously received by the Montezuma-but it becomes
more deeply interesting from the fact that great
movement in commercial enterprise, affecting all
the interests of life, has commenced with the
commencement Of the present year in England, and
is now going with great activity both there
and in this country.
1t will be seen by referring to this intelli-
gence, that all the American staple articles
are still looking up in England--that the con-
dition Of British currency and British trade are
favorable, and that the extension OF British COM
merce to the whole empire Of China, with the diff
ferent additions in India, opens an outlet for the
trade and manufactures of that country that is
felt indirectlyl upon American commerce, in a
degree which has not been experienced for many
years. Indeed every arrival from the other side of
the Atlantic brings US additional proof and addi-
tonal evidence that the year 1874 is to be year of
great excitement in all sorts of commercial enter
prize, and in all matters connected with trade. Du
ring the last month, in this port alone, we have
sufficient reason to create opinion of this kind,
and to give it strength The imports and the ex-
ports, as they are indicated by the revenue, have
increased to very extraordinary extent, as COM
pared with those of the previous two three years.
/ 4
try, the prices moderate and reasonable to a
markable extent in comparison with former years
while from the singular demand that exists for
manufactured goods by the opening of the Chinese
and other foreign ports of additional commerce,
impulse is given to the value of American staple
produce that we have already indicated by the
advance of cotton and provisions in England du-
ring the last few arrivals.
| The restricted nature OF our currency in this
country, approaching at this time to a correct
specie standard more than it has done for the
last quarter of century will also give advan-
tage in the markets Of the world, which an inflated
currency, like that of England, or partially like
that of France, will deny to those countries Our
exchanges, both foreign and domestic, are in par
ticularly equable and steady condition. The Gen
eral Government according to all appearances,
which by the recent decension Of foreign trade,
had got into debt to the amount Of nearly thirty
millions, has now prospect of very rapidly paying
its debts and of getting rid of its engagements. BY
the operation Of the recent bankrupt law, probably
private debts partly due each other and partly due
other nations, to the amount of three hundred
millions, have been settled, liquidated, repudi-
ated Gas you please) by probably over 100000 of
the most active commercial men through the coun-
| try. This physical force alone, relieved from all
| their endorsements, coming into such growing
commercial community of communities, this
Union is, will inevitably give spur and spirit to
| all commercial transactions When we add to
these elements the necessity that England wants
large quantities of our valuable staple products,
which are demanded by her extended commercial
relations with the East, we have every reason to
believe that this year, we have said before, will
present scene Of great excitement in commercial
affairs-of great fortunes to be made, of some er-
rors to be avoided, but ultimately of great advan-
tage to the country at large.
The same feeling, with some degree OF modifica-
ton, growing out of the foolish tariffs which diff
ferent countries infict against each other, exists
among all the commercial classes in England
The rise Of stocks there, the improvement in prices
the activity Of commerce, and the apparent decline
of political excitement, would seem to spur on the
active men of that country to system of CONNER
cial energy that we have very seldom of late.
, Such are the Frightening views which strike our
mind, and open themselves upon the fancy. But
r looking around us throughout the commercial ele
ments Of this country, and seeing that each arriva
from across the Atlantic brings fresh evidence of the
commercial activity Of Western Europe, we are
persuaded that similar excitement will pervad'
y the whole of this country, and all the active mel
j. in it, which will have great effect upon the polca
excitement that politicians and offee-seekers arr
endeavoringto create in order that they may reacl
the spoils of Office. In all the political movement
Of this country, we have always observed that the
n state of commercial affairs has had very impor
i, tant bearing upon them What is called the demo
St cratic party, in time of commercial activity, in
n time of prosperity, invariably carry the elections
a they carry their men-they carry their measures
Of Now it happens, that at this particular period i
: their history, that the measures advocated by MI
D. Van Buren, and the democratic party are thos
Is measures which have been the principal means @
bringing about the present prosperous condition @
r things and that those commercial principles an
measures which have been advocated by MI
. Clay and his friends, have been the principe
j cause of the fluctuations, the infations the bank
ruptcies and the total ruin which all the active me
! of this country have felt foryearspast lfMr. Cha
T. should be elected, and Congress of his opinion
elected with him, we are sure of again receiving
new United States Bank, with other measures Of
similar character, calculated to increase the cu
rency derange the present order of things, and pt
us more into the power of foreign institutions an
foreign capitalists than we are at present No dout
ss there will be portion ofthe commercial interest
this country favorable to any speculation grow
ne ne ing out Of the establishment Of ne'
e bank, and of new imitation Of the currer
cy. We have seen these efforts of the stock
he lobblng manufacturers succeed in arrangin
particular portions Of the recent tariff for their ow
o. special speculative purposes and the stockjobber