The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-05-09

possesses actual value than before speculation
existed. and prices for all kinds of property finds the
former level Bonds and mortgages hardly worth the
parchment which they drawn and the sufferers
open their eyes aud wonder they could have been
deceived. The excitement ofspecuation Is so pleasant,
that former victims taught by experience TO keep
outoli There hundreds upon hundreds in this city,
at this moment who only fairly live during the existence
ofsome great speculation and while these individuals
have better employment fear the result of the
slightest indications of ovsrtrading bank expansion
The treaty made between the Zol Veren and the Uni
ted States, may be considered Of great impor-
lance in the commercial relations between the United
States and the nations of Europe. II is but the
commencement Of more liberal arrangement that
must eventually be perfected between all the COM
mercial nations Of the world. England has, within
year or two past made several attempts 10
form treaties similar to this perfected by the ZoVe-
ren system Of reciprocity has been proposed between
the United States and Great Britain by which the pro-
ducts of both countries not conflicting with any domestic
interest of either would be admitted on merely nominal
duties compared with those now exacted. While Great
Britain has been negotiating the powers composing the
German confederation have acted The Zoll verein treaty
will spur up those nations Of Europe that have heretofore
demanded every concession part without extend
ing equivalents necessary to make fair Offset Jealousy
will do than anything else in consummatlng the OBJ
has produced an excitement throughout Great Britain
and France that will probably lead to result salts
factory to all parties. reduction of duties on our obac
co already talked of in Great Britain and have
doubt but that negotiations will be Immediately opened
in relation to this subject The appointment of Mr. Col
houn to the office Of Secretary Of State has given great
satisfaction to ali parties in England and his liberal poll
cy regarding commercial systems Is well understood
The opening of the ports of the confederation to the trade
of the United States has alarmed the inter-
est of Great Britain meeting Of the Board of Trade
was held in London previous to the departure of the Hi
bernia for the purpose of taking this the part
the United States into consideration. This shows the
feeling produced by our The competition that
now exists between the manufacturing interests of Great
Britain and the United States in securing every market
tor their productions RACES very strong We have be-
come serious rivals England has heretofore enjoy ed
perfect monopoly in supplying the markets Of the CONT
nent with her cotton manufactures, particularly cotton
yarn and twist She has had competitor until
Great Britain has until the formation of the treaty
with the United States retained exclusive privileges in
the admission Of her manufactures into the ports of the
confederation by which she has been able to destroy the
markets for the manufactures Of other nations.
TARIFF DUTIES MERCHANDISE FROM THE UNITED
a. STATES IMPORTED INTO PORTS GERMAN
CoNFFDER