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

/ EXTENSIVE FoRGERIEs BY LIVERPOOL MER-
CHANT On Saturday information was circulated
throughout the divisions OF the metropolitan and
city police, that Mr. Lyon, an extensive merchant
IN Liverpool, IN the Smyrna and American trade,
had absconded from that city, having committed
/ forgeries To a very large amount. Mr.. Lyon is be-
lieved to have quilted Liverpool about Monday or
/ Tuesday last, but he not missed till Thursday,
1t is supposed that he is in London, and that he in
tends TO quit the country. He is described about
five ten inches higE sallow complexion; black bushy
hair and whiskers, rather prominent nose, dark
eyes, thin face, prominent teeth, thin figure, and
very upright dresses generally in black rock coat,
figured silk waistcoat, hight trowsers and black hat
I Wellington boots, and black stock, and wears a
large SHIRT PIN, and several rings on his ingers-is
fond of smoking, and is well known in the sporting
word.-London Times Nou. 3.
/ SIR JOHN FRANKLIN's EXPEDITION. expedl-
ton TO the North Pole, consisting of the Erebus and
the Terror, Captain Crozler, under the command Of
Captain Sir John Franklin, was spoken by the En-
erprse, Martin, master, arrived at Peterhead lying
at an iceberg, in lat 43 IL ~, long. 62 w., on the
18th July.
The ELLEsBoRouGH TESTIMONIAL total
subscription at Calcutta already exceed f5O00O of
which only El0,52l remains uncollected. II is in
tended to apply the total sum realized to purchase OF
a service OF plate
TRADE WITH CnINA.--We understand from Mr..
| Court, of the Underwriters rooms in Liverpool,
that the letters received by the mail from China,
the 18th ult, announce the extraordinary arrival
of no less than twenty-one vessels at Hong Kong,
direct from Liverpool, since the sailing OF the pre-
vious mail.
Terrible Hallway Revision.
The railway mania has received Its qmietus.
Something like panic has overtaken the specula-
tors in iron highways. Now that the reaction has
come il brings in Its train ruin and devastation and
bankruptcy to thousands. But the end is not yet.
1 A more gigantic system OF swlndng has rarely been
seen in these latter days, and the number of
respectable" persons who have lent their
/ k,,hh Ia
blush for the cupidity of our common humanity.
The Times has been foremost in this work of "fut-
terlng the Volcians" 1t matters little what motives
may have prompted the potentates OF Printing house
Square to sound the tOcsln whether jealousy OF
their contemporaries, or veXation that they did not
participate equally IN the SPOIL or determination to
destroy the game Of those who did-al this is be-
ds the aues0%n try the ae the motive mot
was not done sooner But certain. it is,
that The Times, true to its character of seizing
the right moment tor acting upon fears, or
controlling the public mind, kicked the beam at
the critical instant, and to some extent produced
the Revision which is now witnessed But with
out desiring to undervaue the power and the in
auence OF the journal IN question, 1t would be-
weak to attribute the prostration in the share
market solely. to- its thunder. The Bank of Eng
land, the critical state in which the food Of
the country has been placed by the harvest and the
state OF the potato crop; above all, and beyond
all, the ridiculous experiments which the projectors
of the numberless moonshne companies made upon
the common sense OF manklnd-these causes, ir-
respective OF the diurnal monitor, have forced the
declenslon to It's present point. The wreck of for
tune and of character which this temporary insanity
has Produced will be felt long after the causes that
produced 1t have passed away. AS proof of the
extent to which this huge system of swindling has
been carried, it may be mentioned that even ladies'
were not exempt from Its influence. The female
friends and relatives of those who pulled the wires
OF certain imposing puppet schemes, were IN the
daily habit of haunting the purlieus, and offices of
| n M
market, IN order to turn their letters of allotmens
to the best account One OF the railway papers
mentions certain batch of female spectators who
conrived TO realize, by this Kind OF chlcanery, dur
ing the height of the manla the astounding sum OF
f5OO0O0. The appropriation OF the property OF
others by fraud or misrepresentation is pronounced
felony by the law of the land whereas, tor system,
based for the most part on falsehood and deceit,
there appears TO be no legal restrant-cerainly nc
legal remedy Now that people have time to reflect
and 10 analyze, they find that out OF thirtythree
party appears % times; the names of two others,
10 times of three, IL times, of fourteen, II
times; of 33, 8 times; of q, 9 times and OF
% 10 times, Can further proof be needed of the
systematic attack upon the pockets of the lieges.
which this cunning and clever scoundrellsm has
worked. But when the cloud, which now hangs
like pail over every species OF railway speculation,
has been cleared away-when the market has been
thoroughly sted ofthe clears and the "stags''
of legitimate enterprise the result will be better for
the country and for capitalists. Thunder storms
clear the atmosphere, and the commissions In the
physical, producesconsequences hardly less benefi-
cal than those in the commercial world better
class OF men-men OF stability and substance, Will
step in and take the place of the rotten reeds which
are now being kicked with scorn out OF the way
The railway system requires thorough wedding,
and no time was ever more opportune tor effectlng
II but the reform must commence with the eglsla-
| ture. The cumbrous and expensive machinery for
getting new line through Parliament is mon
strous, and to any parties but those with large
lont stock purse to back them would be rulnous.
Upon the members of parliamentary committees,
the duties involve a wear and tear OF body and
mind that almost pass comprehension. To save
this labor, many members are said to have secured
one or two shares In the principal new undertake
ngs aoat that by pleading their interest therein
they may be spared the fatigue OF serving on the
committees. This IS sad indication OF the work.
ing OF the system within the walls OF Parliament !;
bnt the primary evil is the opportunity which exists
| for clever and plausible knaves, fleeing the gull
ble PUBLIC out of doors, during the existence
of times OF excitement like those have recently
witnessed. Sir Robert Peel is said to have invited
Mr. Hudson, the great railway SPECTATOR, to pass
few days with hun at his country residence, Dray-
ton Manor, for the purpose, doubles, OF putting
their heads together, in order to devise some eff
! cient working plan IN future. MIR. Hudson's IN
iuence with the legitimate railway world, Is per,
haps, greater than that Of any man living, and
what he sanctions in the way OF check simplicity
will, with the prestige of his name, go down. The
coming session OF Parliament is dreaded by many
weak and delicate members, and their fears can
scarcely be said to be groundless tor the heated
atmosphere of the wretchedly- inefficient and con-
tracted commlttee-rooms crowded to sutiocation
with the members of the committee, with witnesses,
with barrsters, engineers, and others, during the
greater part of the day. is enough to paralyse sem
sltlve nerves. to say nothing of the midnight legls
ation, OF which the mornings labor only the pre-
cursor. Upon the whole, whether we view the crash
which IS now dealing pecunlary destruction over
the land, or whether we regard the drain upon the
national resources, which tine carrying out OF so
many new projects will entail upon the future
whether we glance at the fearful arrangement OF
the monetary system that must follow in the train
OF these adventures surely as the flash precedes
the rolling OF the thunder-or whether we limit
our vision to the case OF individual Victims and to
yet bring, to many smiling hearths and happy
homes-the subject in every phase in which it can
be viewed, requires the prompt application OF prac-
tlcal, comprehensive, and sagacious craftsmanship,
and ought. nav, IL must receive ii lnstanter. at