The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-09
The Eneilsh News.

We received last night, and publish in this
days paper, the substance of the English news
received yesterday at Boston by the steamer. II
is highly and deeply important. The rise in
corn and cotton is most significant and extra
ordinary. It is true that after the accounts were
received at Liverpool from this city, giving
statement of large crop, the article receded
slightly: but still the broad and general fact
exists, of rise IN these two important staples
of the United States, and this, too, in the midst
of a revulsion in the money market in England.
It must be admitted that there seems to be lull
In money affairs there, for the present; failures
still take place but they are few, and far between
and there is greater ease n'the money market
A large French loan of 100000 900 of francs
equal to fl0,000,000, has been taken by the
Rothschilds, without producing any effect in
London, and from this circumstance, it is highly
probable that great deal of the stringency in
London, ard elsewhere, was produced.
We have said the rise in cotton and corn, in
the face of such revulsion in England, is extra
ordinary. 1t is SO. England and its dependen-
cles were blessed with bountiful crops last sea-
son. In the face of this, we see rise in corn,
proving conclusvely that they must import
large quar- titles for consumption. IF the rise
in the ice must be greater as the season ad-
vances. This demand undoubtedly springs from
the l-rgs population Of England and Ire
land, and the natural deficiency Of the crops
FROM the nature of the limited quantity of
territory. They have the population, and they
must be fed; and if they have not the food, of
course they must import it, at any price at which
they can get it. 1t is much the same with cot
IL. r. L.,
although revulsion in the money market may
temporarily reduce the price, still, in the end, it
will recover itself. These views Of the cotton
and corn markets account for the recent intelli-
gence, and the same views also point to the pro-
liability of similar revulsion taking place in
the money market on future day, to those we
have seen take place. The exchanges, by the
imports of cotton and corn, will be turned against
England; the specie that has been flowing from
the United States for a short time past will soon
GENE back. Another panic will be created in
the course of few months. We will, however
have lull, quietude, but it is very doubtful if
il will ever be permanent, although many on this
and the other side will indulge the belief that 1t
will be, and that all danger is over.
Thus far in relation to money affairs On the
continent, extraordinary things are taking place
suicides, and murders, and fatalities la
P,'asiin. The Count Bresson, who was the agent
of Louis Philippe in negotiating the Spanish
marriages, could not stand his conscience any
longer-so he cut his throat, and went to the
other world as fast as he could. Other distin-
guished persons have followed him. The war
has begun in Switzerland, and where it will end.
no one can tell. Couspiracies are Matching in
Paris. In short, the whole continent is in a
state of doubt, difficulty and danger, together
with England. A full account of the present
state of England and the old world, and many
things beside, will be found in to-morrow's
piper.