The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-05

variety OF Editorial and Nsee llaneous matter.
This number Will be embellished with the
scene of the presentation ofBibles to the California
regiment now encamped on Governors Island,
and an illustration Of the 'News in the Tembs''
Single COPIES sixpence each. cash.
steamship Great Britain.
This steamer is not now on her passage, as ma
n, may suppose. Owing to her touching bottom
on Newfoundland she is to 90 into dock for exam
ination. She will not, therefore, leave Liverpool
till the 22d inst.
The Cambria will be the next steamer due
She was to have let Liverpool yesterday
|
The Foreign Nsws.-Its Political and Conn
mercial Character.
BY the arrival of the steamship Britannia, at
Boston, from Liverpool, we have advices from
all parts of Europe fifteen days later than those
received by the Caledonia.
Politically, the news possesses very little i'm
portance commercially, il is favorable and that
is all The crops are likely to be full an average,
and the corn markets were in a very satisfactory
condition. There had been very fair business
done in cotton, at improving prices, and there
were indications OF further improvement, both
in the demand and in qualities AS the accounts
from this side, in relation to the crop which has
now reached market and that now on the ground
reach England, there will be, without doubt, a
speculative movement to some extent in the arti-
Gle. AS the deficiency this year has been so
great, and that next season bids fair to be much
greater, their cannot but be an attempt made,
particularly in the principal markets of Great
Britain, among spectators, to avail themselves
of the state of things, to create as great
monopoly as possible. The consumption this
year will be large, reaching the regular in
crease and the demand will, therefore, be larger
in proportion to the supply than has been expe-
rienced for years. According to the estimated per
cent increase in the growth of this staple, the crop
should this year-that is the receipts from Sep
TENDER LIST, 1876, to September lst, lS47-be
nearer three millions of bales than two millions !;
instead Of which, the yield viii not, according to
present appearances, reach two millions OF bales
In view Of these facts, we cannot resist the con-
clusion, but that holders and growers OF cotton
will, within the next twelve months, realize better
prices for the raw material than has been known
for the past five years
The money markets of Europe were, at the
latest dates, in very easy condition. Capital
was plenty enough for all legitimate commercial
purposes, but fears were entertained in Great
Britain that the railway mania would lead to a
arrangement of the currency of the country, and
to much difficulty and embarrassment in the
financial world.
The STATE CONVENTION PRoaREss OF
LABoR.-This body has, il appears, agreed by re-
solution, to adjourn on the 9th day OF October
next, by which time they will have been in ses-
sion four full months, at an expense to the State
OF many thousand dollars more than was neces-
sa W. .,v n.....,xr ,.,.,,.. a,.,, ds., &c
time has been expended in debating upon, refer
ing, and reporting upon matters which the major
ity ofthe members knew could not be finally act
ed upon. What contrast we have between the
Convention of professional men, mostly assem-
bled for the purpose of remodelling the Constitu-
ton and the convention of the State of Iowa,
whose duty it was to form entirely new con
sttution for that new State. The first takes four
months, and the latter only thirteen days. 1t was
not until lately, however, that our convention made
much progressin performing the task thattheywere
elected to perform, and then they went to work
cutti ng and slashing in all directions. After com
paratvely short debate, some seven eight hum
dred offices were abolished by the bosom of re-
form. All the inspectors Of hay, lime, pork, SC.
&C., were swept away by single resolution not
over ten lines in length. This was, undoubtedly,
acapital movement, and one that will receive the
appreciation Of the people, Masters and exam
liners in chancery have likewise been abolished
and the profession of the law annihilated. We
are disposed to believe that this last measure is
too violent but is in consonance with the hostile
spirit that has been manifested in this State for
years past towards the legal profession.
This spirit of hostility has been manifested re-
peatedly in the Legislature, and on every opporu-
nifty it has been ind lged in. Thus, at time we
have seen the fee-bll clipned, and reduced every
successive winter, until it has been reduced so low
to be far from remunerating. At another time,
we have seen resolutions introduced throwing
open the profession to all persons who on exam-
nation should be found qualified. The carrying
ofthis last measure was, however, reserved for the
Convention, which has consigned the profession
to the same fate that was meted out to the fee
bill. They are both gone. Peace to their names.
Other measures have been passed upon by the
Convention within a short time, among which
the abolition Of the Courts of Errors and Chan
Gerry is the first in importance and interest, and
the establishing in lieu thereof of a Supreme
Court, vested with jurisdiction in both law
and equity. This court will consist Of thirty.
two Judges-four to each Senate District, and
will be the highest court in the State except the
proposed court of appeals, which will be COM
posed of eight judges, four OF whom will be elect
ed blythe people, and the other four will consist
ofSupreme court judges, whose term OF Office as
such judges will have expired. Such is the pro-
posed reform in the judiciary, matter which has
taken more time, and been the subject of more de-
bate, than all the other measures combined.
There is one matter, however, which has as
yet escaped the notice Of the Convention, and
which we hope will not be overlooked-thati is the
total repeal ofthe usnry laws. This is measure
which the people expect and the business Of the
country requires. There is no earthly reason
that money should not like every thing else, have
a market value according to its abundance