The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-11-22

in spite Of every attempt TO arrest H. will undoubtedly
produce greater revusion than has yet been expert
enced The revusion in commercial affairs must inevi.
tably lead to Revision in political mstters and the
suit will os complete prostraton Of the principal inst
tutions of the country The government will be drawn
into the general movement in consequence of the agia
ton of he repeal OF the Laws re two parties In
Parlamen, ursn th.> question, must cCme to an issue
very and all small parties in every section
will no doubt avail themselves Of time to spread their
principles and act collectively against the ministry
Every element in Great Britain politically and CONNER
ciay appears to be ripe for explosion and have
doubt the result of the present state OF things will be
complete and thorough change in the operations Of the
whole internal management OF the affairs of the king
DOM The effect OF this revulson which has been years
maturing i'll be felt for years and the unsettled
OF things that must exist for long time, will naturally
induce people of limited capital to seek quiet and secu
ry in country where institutions are permanently
Gxed and where they feel satisfied that thcy can
enjoy what they have Independently. The difficulties that
will inevitably grow out Of the present state Of things.
will. without doubt, drive theuands TO our shores.
and even capitalists may be induced by the superior
advantages held for the employment Of capital in
every species of manufacturing this side OF the
Atlantic to transfer their funds to markets. Emil
grafton to this country must be much increased by
the distress high prices of food in Europe will produce
the depression in the cotton market had not been
great might have been anticipated from the de-
rangement that exists in the money markets The ope
cations were however limited and there appeared to
be pause in the movements of manufacturers and sre
culators. The accounts from the manufacturing dis
tricts continue favorable, and the work people
fully employed. The manufacturers WILL without
doubt make great efforts to keep In active operation,
and if they successful the prices of cotton will be
sustained An extensive demand for fabrics from this
country is looked for account Of abundant crops
and ability to consume larger than usual. large 70
rsgn demand for breadstufs and advance in
prices would undoubtedly have that effect. 1t is
pected that increase in the export trade of Great
Britain would take place the opening Of the ports for
the admission of foreign grain free of duty.
The evils that spreading over Great Britain OF
POLITICAL commercial and physical character can by
be confined to that country. very serious de-
preston exists in the principal money markets Of the
continent In Amsterdam the rate OF Interest has risen
to per cent; in Hamburg the rate varies from to
per cent in Frankfort, Berlin, and Paris, money was
scarce and the rates Of interest higher The railway
panic had extended to all these places and the
cia classes say they have been much pressed
for period of twenty years.
The Banks of England and France about making
obvate any arrangement in tho
We annex comparative statements exhibiting the
don Of the Bank Of England at several periods for the
purpose OF showing the variation in the movement