The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-21

The news from England with which our CO.
INNS are over-runnins today, is highly important
in various aspects. The Irish State Tnals-the
movements of the British Parliament-and partic-
ulariy the cotton market and commercial news in
general-aTe all very interesting
First, OF the cotton market The intelligence
which we give in columns respecting the state
OF the cotton market in England is very exciting
and very curious 1t appears that another half cent
has been added to its value by the speculative
movements in Liverpool; but this does not satisfy
by any means the operators in this country, who
expected greater advance. This rise. however,
adds an immenee value to the staple article both
in this country and in Europe, and is great news
for the planters. II appears, however, that most
extraordinary struggle is springing up against the
advance in the market in Liverpool, and that this
is mainly sustained by the London merchants and
capitalists add the London press. The issue, time
will tell; but, probably, it may prevent any further
rise in the price. Every movement in this
matter will be vastly interesting TO this county,
as affecting the daily business Of life, 'and may be
found to be the foundation of prosperity our
decline.
The next important intelligence is the progress
OF the State Trials. They seem to be something
between tragedy and comedy, with great dash Of
farce 1t is difficult to foretell the issue But the
probability il that O'Connell will be convicted and
then the conviction will end in moonshine One of
the most extraordinary incidents connected with
the progress of events in Dublin, is the treatment
which Wallace, formerly known here as sort Of
Temperance orator, and afterwards as a spouter at
Repeal meetings, received at the hands of O'Con-
nen Wallace, it is true has no great pretensions
to any thing which entities a man to respect, but
he was an honest friend of Ireland, and his treat
ment at Cancellation Hall is only another sample
Of the characteristic brutality of that man-Dan
The next point of interest in the news, is found
in the movements in France and England In
England il will appear that the agricultural interest
is organizing and agitating opposition the ma
nufacturers and free traders. This will present very
curious contest, and will have the effect of bring
ing out both parties in their greatest force, in the
effort of each 10 obtain the ascendancy. new
discussion on the currency question had just been
preached, growing out of the proposition to renew
the charter of the Bank of England, which will
come before the present Parliament This discus
sion will throw much new and important light on
this great question. The fashionable season ap-
pears to be very gay in London Every one was
leaving the country and hurrying to the metropolis
In relation to France there is nothing very par
ticular, unless it be the extraordinary specimen Of
French manners, exhibited in the recent debates
10 the Chamber of Deputies, which certainly sur
passes any thing witnessed in Congress.
Only think of members of the Chamber of Depu
ties denouncing the minister Guzo; when he was in
the act of speaking, and inerruptng him by call.
ing him "a trsitor.'' Certainly this speaks little
for French manners, and resembles some of the dis
graceful scenes which marked the bloody revolu
ton Of go 1t appears that Louis Philippe is still
busy prosecuting the press and slencng free tones
In this respect he seems to be taking the same di
rection that the elder branches Of the Bourbon
family did just before the termination OF their ca
Yecr. We hear of no further efforts ia the way o
chevalier-making by the last accounts.
On the whole, The news is very interesting, ant
very favorable to this country. Every thing in
commercial point of view looks well and buoyant
whilst the political asp ct of things is of course re-
evolutionary and upheaving, may be expected.