The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-19
NEW YORK HE BALD. !
80 -
New York, Saturday, Septemne ~ 1870.

/ NEW YORK HE ALD.
- Gn@@E
new YorL, Saturday, septsmbe ? 1A. 1915.
The Weekly Herald.
This publication will be ready, as 1psual, this
morning at eight o'clock 1t will be highly valu-
able to those DESTROYS OF obtaining corect chro-
ncle of the news and events OF the last week,
as will he seen on reference to the AMI leked
List OF CONTENTS: A
Latest News from Mexico, and our Arnt and Navy
embracing the movements of Santa Anna " coadulors
ana bis opponents the Revolution 10 10 ago; the late
Rot among our Troops Burits the nlpiun loss
Of the brig Truxton. etc The An aus Fair Of the
STATE Agricultural society at Auournt ccniinuation Of
City Loss Of the steamship York BY which
ssvsutssn persons were drowned splesion and Loss
of Lif1 on board the steamboat Ent ,rprize American
Ship Baildng State Of Affairs In cslssds ~ Finances
Commercial Movements and Prospsen Of tie Country /;
vsry in New YORK Wiz an sppro
PIRATE engraving City and Gope:ay lnteligence state
Of the Markets and Crops; Ship News etc etc.
| In ad&nion to the above the coming number o.
the Weekly Herald will be embellished with two
admirable engravings-one representing the inte-
rior Of the court room where Spencer is undergo
ing his trial the other, view Of the Agricultural
Fair now being held at Auburn.
1t will likewise contain full digest of the inter-
es,ing foreign news received by the steamer
Cambria.
The paper can be had at the desk, ready for
mailing at 81 cents per copy.
The Foreign News-its Cosamercial and
Political Character.
l'he Cambria brings US intelligence from Eu-
rome. which in a commercial point Of view is
more I. Important and encouraging than we have
received for many months. Every thing connect
ed with n. ade was in highly satisfactory condi-
ton. and tho elements of prosperity were never
more healthy t.tan at present exhibited There
appears to be very active demaz'd in Great
Britain for all our staple agricultural products at
improving prices and there is every evidence ola
demand from the other side for those nj tcles cal
cuated to advance prces very much IN this
country. 1t our impression previous to the
arrival Of the steamer, that her advices wo uld, SO
far as commerce was concerned, be very favor
able, but they fairly exceed our most sanguir,' ex-
pectatons. The Bank Of England had reduced
the rate of interest to three per cent, and tho re
was any quantity of capital offering for employ
ment in commercial pursuits
The advance in quotations for cotton, with the
extensive demand from the trade, had been pro-
duced by accounts from this side, in relation to
the deficient yield of the old CROP and the pros
pect of deficiency in the new. The movement
was, therefore, based upon proper data, and was
the more likely to be permanent. If a specula-
ton in this staple springs up in Liverpool or in
this country, it will be carried to very great ex-
tent. Two short crops of this staple in success
sion, is something very unusual, and cannot but
be attended with an improvement in prices.
One or two deficient crops now, would be felt
more severely by the manufacturing classes than
in previous years, as the consumption has
,:...~ ,vt
the Weld of several hundred thousand bales per
annum. Prices, in all probability, will expert
ence very great revolution under the existing
appearance OF things, in relation to the crop now
in the ground. We, however, expect to see, in
case very extensive speculation be produced, !
the usual explosions and bankruptcies grow out
ofthe movement; but as it is likely to commence
so early in the season, we indulge in the hope that
the planters will be moro benefited lhis time thaa
they have been in majority OF those of a similar
character.
An advance has already been realized here in
breadstufs, and it is highly probable that spe
culatve movement will take place in articles
coming under that head We trust those Interest,"
cd will look back and reflect little upon the re-
suit of the speculation in flour, Sc, last fall. Sc
vera of our oldest, largest, and weathiest houses
were made bankrupt by their immense losses,
growing out of the imitation in prices under the
excitement of that period. We have before US
every thing calculated to ensure long period of
commercial prosperity, if we content ourselves
with progressing at moderate rate but if we
go ahead reckessly there will be a sudden termi-
nation to all our bright prospects, and before we
are of it, we will find ourselves in the midst
of embarras sment, and upon the verge of utter
rln
The political intelligence from Europe does nat
amount to much. There had been some deb ate
in Parliament in relation to the war between the
United States and Mexico, during which Lord Pal
merston stated that the British government had
renewed the offer of mediation to the two parties
engaged in hostites, previously made by Lord
Aberdeen. We should infer from this, that the
hrst offer had not been epted by either of the
two governments interested. This is about the
gist of the political news
The Policy OF Santa Anna-Win there be
Peace Nous verrons.
The manifesto of Santa Anna, dated the l6h
August, has been received in the United States,
and so far as we have been able to learn, its ma
ture and contents verify the anticipatons which
we have already expressed as to the prospect of
speedy termination of hostilities between the two
countries. We Judge of the character of this
important state paper, not merely from the sy-
nopsis given of it in the Union, but from the
roborating testimony of those who have had the
opportunity Of seengit- We therefore speak adj.
visedly on the subject
Two characteristics Of this paper merit particu-
lar notice 1t will be perceived that it bears date
the very day of Santa Annals landing at Vera
Cruz. Among the grounds upon which it de-
nouncss the conduct and administration of Pare
des, is that for the purpose of accomplishing snis
ter designs of his own, he brought about the war
with the United States. In Santa Annals judg-