The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-19

next news is received and its character ascertained
Indeed, without exaggeration, it may be said that
the news from England will probably be, in
every respect, more important than any since the
last war.
In proportion to the magnitude and importance Of
the news, have been the exertions that are being
made by the government, and by the Wall street
press and SPECTATORS, to convey it to this city as
soon as possible. All the great discoveries OF
late years have been called into requistion-light
ming, wind, steam, mesmerism, and carrier
pigeons. Our highly respectable and amiable con-
temporarier Of the Wall street PRESS goaded to des-
peration, by the innumerable defeats they have sus
tanned at our hands on many occasions, and more
recently in the last important news, have had what
little energy they possess walked up and called into
play, and are now dancing with glse, like set of
huge, awkward elephants, at the prospect they have
OF beating, for once, the Nsw York Herald. The
combined press of Wall street, and horde OF spe-
culators, both in New York and Boston, have joined
forces, and with the aid Of enterprlslng express
package agent in Wall street, contemplate to admi
mister to us Waterloo defeat, and confine US ever
afterwards on some ST. Helena, or Coney Island,
out OF reach ofharming them hereafter.
Thus, it will be seen that, like the Napoleon OF the
Old World, against whom it was found necessary
to form an alliance among all Europe, more power
full than any record, to crush him-so with U.S. the
Napoleon of the press in the New World, in order
to crush US, requires a combination by the whole
PRESS assisted by the spectators and stock obbers
of two large cities. This we regard as the best
commentary on our past career If we should be
beaten, and our star of Austeritz dimmed, we will
submit quietly to fate, and retire the aurels
that we have hitherto gained, then having more
than sufficient glory left If it take combination
of this magnitude to outstrip US in giving foreign
news earlier than the combined press and specua-
tors, then the public must be satisfied at the power
full exertion we have made in former years to &C.
commodate our readers.
This contest will be very interesting. The 60
vernment express will be run with the view of saw
ing the commercial community from the specua-
tore, while the Wall street stock jobbng express
will be run with view to the benefit Of SPECTATORS
Besides these two expresses, we are informed that
another will be run by certain set OF chaps for the
purpose of promoting their own movements. This
express will be by carrier pigeons, and three OF
the best in the country taken from this city to
Boston, and arrived there on Friday or Saturday
last For the sake of the poor pigeons, we hope the
rigorous weather will moderate somewhat, SO that
the poor things will not be frozen to death on their
journey.
On the whole, then, our readers will perceive that
the most unheard-of exertions are being made by
the government, by the stock-jobbng press, and by
SPECTATORS, to have the news by the next steamer
brought this city at the earliest moment elm the
name of the prophet. Figsv
The Foreign Acknowledgements Of Sir Ro-
bert Psers Ministry upon the Corn Law
Questionable Political and Commercial
ACKNOWLEDGEMENTS OF Parliament.
We received, atan early hour yesterday afternoon,
by special express, four days later news from
England, by the arrival, of Long Island, Of the
ship Liberty, Captain Norton, from Liverpool.
This news is of the most vital Importance, in q
political and commercial view-and the effect upon
every interest of the United States cannot but be
of the most favorable character. The corn laws Of
Great Britain are doomed; Sir Robert Peeps ad-
ministration is at an end. Whoever may be Prime
Mnlster-whatever may be the fate OF the new
ministry upon other questions-lt will probably be
supported by the Peel party In the House Of Com
mons, and without doubt in the House Of Lords,
upon the repeal Of the present odious coru
laws. There will undoubtedly be q coalition be-
tween the wings and the free trade tories Of the lower
house, and the repeal Of the corn laws is therefore,
virtually settled but in the Of failure or should
not such coalition take place upon total repeal OF
those laws, the ministry will appeal to the country,
and general election take place. Should the ministry
succeed upon this question in the House of Commons
without resorting to this alternative, and be without
majority in the House Of Lords, sufficient num-
Der of new peers will be created to carry through
the repeal bill 1t is possible Sir Robert Peel may
become peer, and use all his influence and talent
to carry through the bill in the upper house.
These measures may be necessary, and, il neces
sary, will undoubtedly be resorted to, for the pur-
pose of enssrng the repeal Of the laws, totally
and unreservedly. Perfectly free trade IN corn il
the cry, and that cry will doubtless be responded to-
Among those named Tor the most prominent posi-
tons in the new ministry, we find some Of the
most recent converts to the free trade party Lord
John Russell. Lord Morpe,h. Mr.. Labouchere, have
each gwen publicity to the most liberal views upon
this question. There has been no halfway CONVEX.
sion, no non-committal support, but bold, manly,
open adherence to the league party and all its prn
eiples. This being the political complexion of the
new ministry, there be doubt but that the los,
liberal policy in relation to the great question al
issue, upon which the Peel ministry split, will be
adopted.
| We have annexed list Of those who will proba.
bly, form the new government, as given by the Lon.
don Times. 1t differs from others published by the
London and Liverpool papers, but we adopt il q
being fully as correct as any.
| Asrrcr OF TINE BRrrnB Mivurav.
1915.
| Probable NeV WAie Ministry
| First Lord Of the Treasury. Lord John Russell.
! Lord Chancellor. 1850. Lord Cottsnham.
Secretary Of State for Foreign
Ansirs ................ Lord Palmsrston.
Secretary Of State for the Home
Department ............ Lord Morpsth.
Secretary Of state for the Co
ioniss ................. Lord ORGY.