The New York herald., 1844-11-16


ing, at o'clock, is perfect gem in the way OF a
pictorial paper. The engravings of the University,
and Of the interior of St Peters Church, real.
ly beautiful. This paper contains a complete re-
port OF Dr. Pise's famous lecture on Cathohcity
and Professionalism. Price 81 cents
Influence OF the Recent Election on our
Foreign Relations.
One of the most important influences whlcn the
extraordinary result of the recent election In iavof
Of James K Polk, and the policy with which ne
is identified, will be that which may be produced
in the course of few years on the relstlons oi
the United States with England, France, and
other portions of the old continent. We alluse
particularly to the issues involved, comprehendng
the annexation of Texas, the re-occupation OF the
Oregon, and particularly the tariff question. The
system OF measures, which may grow out OF these
issues, may acquire such a particular direction, as
will bring US in conflict with England at no very
distant day We do not anticipate any war. The
conflicts that may take place between nations
hereafter, will have more peaceful character
than of old The war that may hereafter exist,
will be war of new elements, and new princi-
ples-a war which brinss ma" conflict the energy,
industry genius and skill OF the two countries, IN
reference TO all the arts of life, and the progress OF
society and nations.
la accomplishing the purposes declared by the
majority Of the American people 10 the recent elec-
ton, the new President and his advisers must OF
necessity adopt vigorous and energetic measures
for the remuneration of Texas, the ra-occupation
of the Oregon, and the modification Of the tariff
1t is very true that modification of the tariff at
first sight might look towards an Improvement in
our foreign trade, and more particularly in
frada uifh EnoIa mt W.
suit of this kind may take place, it is very
evident that the progress Of this country
towards the Texas and Oregon questions may
bring US into direct conflict with England in
our foreign relations Should thst take place in
the course Of few years, there will be created in
this country entire change in the nature of the
protection of American manufactures, and also in
the export of American cettons. An abrupt
termination of our commercial intercourse with
England would throw the Southern States
into the position of supplying the Northern States
with all their cotton p.oducs, thereby enabling the
Northern States by better adjustment of the cur.
rency, and general revelation in the prices and
values of every thing about us, to supply the world
with cotton manufactures, and drive England out
of those markets. result OF this nature, growing
out of the new policy that may be adopted by the
next administration, and determined by the recent
election, would at once create panic and agita-
ton in the manufacturing districts Of England,
which would bring upon that kingdom, in very
brief period, a-revolution-an nsurrection-and
general change in the government.
It will be seen therefore, from these views ma.
turally growing out of the new measures that will
be adopted by a vigorous administration under the
new President that our relations with foreign ma
tions, and with England in particular, may be very
seriously affected in the course Of avery brief space
of time. For few years past the British govern
men, and the influential portion of the British aris-
tocracy, both monied and landed, have been
deavoring, by all indirect methods in their power,
to create panic, revolution, and division be-
tween certain portions OF this great republic by the
agitation Of the slave question, under the hypo-
critical cloak of humanity and religion. II
would be not little singular, but it would only
be retributive justice, if under the influence
of the magnificent genius of Mr. Calhoun-a
Southern statesman of the most eminent talent
such policy could be adopted and resolutely
carried out by this country, would produce an
entire revolution of the present political and social
system of Great Britan-the overthrow Of the
present aristocracy, and the elevation OF the toll
ing and down-trodden millions. Great Britain has
been doing all she could to divide the power, to
paralyze the strength, and to destroy this country
on the black slave question. 1t is now in our
power, by the adoption of the policy we have
briefly sketched, and which has been approved oi
in the recent election, to return the compliment by
rendering to Great Britain the grateful offices
on their own white slave question.
The WALL STREET PANIc.-A most ridiculous
attempt has been made during the last few days by
he Walsreet papers, to get up panic stocks and
buslaess operations, in consequence of the defeat
OF Mr.. Clay and the election OF Mr. Polk. There
is reason or justification whatever for the feeble
attempt on the part of the distinguished journals
and politicians engaged in it, 1t is probably new
modification Of the "hedging" system. Many of
those who bet and lost their all on Mr.. Clay, are
now turning their attention to the "f fancy stock"
market, and are probably now endeavoring TO get
up panic, for which they have laid their plans
To all conversant with the real prospects of the
country-the position of the banks commercial
and manufacturing operations in general this at
tempt 10 produce panic must appear supremey
ridiculous, This country was never in such pros
porous state at this moment. few political
manufacturers, political spectators, who held
out inducements to their workmen to vote for Mr.
Clay, on the ground of schemes never seriously in
tended, may talk of abandoning these enterprises
but all really engaged in the manufacturing and
commercial interests of the country, are quite
aware oi the bright prospects ahead, and laugh at
the predictions of fancy stock -jobbers. Fancy
stocks in Wall street may fall and rise. These
bubbles are at the mercy of the spectators there,
and if they raise them week it is only to de-
press them the next. Sound, solid, dividend-pay-
ing stocks don't vary much, and it is the same with
all well-manased institutions Of any kind. The
fact is, the whole attempt is miserable abortion.
YOUNG DEMOCRACY VERSUS THE OLD HUNKERs.
We perceive that the Democratic Young Mems
Committee who operated efiectually previous
TO the defeat of Mr.. Van Burens nomination at