The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-12-17

LoSper, Nov. 10, Isls
EnIAsh Polities-7As Reaction in the Germ Market
.Afairs in Psrtugsi-1Aeatriesis, &c.
Parliament will not meet until Fsbruury-a happy thing
fer the whig ministry. Meanwhile coalition is talked
of, and it is expected that Sir Robert Peel with his
friends and all his party, with the exception Of few
abd protectionis at whose head stands Lord g. Ben.
fnck) will to the aid Of Lord John Russell in the
present dhcuy The present position of the English
government is very remarkable At former period
it's history had it few enemies; never was political
tranquility moro assured; such abatement o.
party rancor and opposition Seldom, perhaps
its foreign relations PEACEFUL on better foot
ing while there financial difficulties to harrass
and Perplex and yet with all this, seldom IL
the English government in greater diculss entangle
ment and perplexity, than the present government.
COMPOUNDED philosophy and philanthropy are abashed at
their want Of resources and political economy in de-
spsr with all its theories Ireland is the main point Of
the diculy The people are starving and yet there il
no lack of food money; every wind that blows brings
vessels laden with provisions into the ports and still they
the people there are making money the deposit. in the
swing banks In the most starving districts neressed
and the cutlery dsssusion vioonc. an. c..par TO
sugmenting and II 10 discovered that after every Thing
is done than men can do nothing Is doncthe evil IN
Such ID the real state oil the IL the
perplexity.
commenced,
ly the fesrs to the qusntv will be required the
OF procuring it, and the extreme prices calculated
upsn, now moderated; the farmers who held hacs
from the markets. waiting for the high price promised BY
the Tmes, begin to think wiser to realize At present
prices aud are sending to market 80 that, although
constant de msnd ard highly remunerstve price may
certainly he depended upon by the American producer
ystn very extravsgsnt calculations short time ase
made and held out this ride the Atlantic must be sbs
doned The drain Of specie from the Bank which stated
IN my last was unprecedented has already begun few
days ago the FIRST large expertston since sl3 made
from the bank vaults OF this ksve received private
information from the bank though Il n kept fer pos
and increase Of the rate Of interest," with panic
and extensive bankruptcies and general of
is going " you may b. surs Of that and how fer
il react upon Now York merchants the Herald will
be better able to Judge than your humble servant.
connection with the bank Of England The bank gives
out feslers and occasional notes Of preparation in
that article and just often throws dust in the eyes Of
the public, az II gives light by its articles II 10 written
now under the control Of gentleman who q few days
ago was high in once in the bank Whom Mr.. Alssger
WIG hitherto for many year, past has been the writer e
acting proprietor Of tho Tunes sent for the gentleman in
question, and asked him what he would expect
enumeration to undertake that department He replied,
salary from the bank The 7im instantly offered the
douhehe accepted, and Of gave up his employ
wishes 70 prepare the commercial world for any great
operation change Of policy aims at producing any
thing bearing uton the subject appears
in that article have of knowing OF very high
and reliable source, but Is proper that neither your
correspondent his Of information, should be
made known for evident reasons
Inc accounts of the OF the revolution and
state Of affairs in Portugal contradictory. You will
see the onicial Of the blockade Of the
po Lisbon but s believed to have been nehectuai
ana ,sireedy nuliined, aimee II n positively stated
that Dos Anias the head Of the insurgents has entered
dissolved the government and that the Queen
sscspsd 70 the Assrss IN British frigas. This affair