The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-08-20

company. We apprehend that we are indebted
to either the Boston Postmaster or to the Wor-
cester, Springfield, Hartford, and New Haven
Railroad Company, or perhaps BOTH
II was a clever thing. and we suppose the
letters and papers will be distributed at an early
hour this morning.
General Taylor and the Presidency Another
Letter from the Old Hero.
Gen. Tay .or h4vng been Intercepted as to his
political principles and his views on the tariff
national bank, and other questions, has in reply
written letter peculiarly characteristic. We
publish 1t in this days paper, and commend IT to
the perusal Of our readers.
The old general in quiet easy manner dis
poses of the interrogatories addressed to him
He says, in effect, that he knows nothing Of po-
litics-is not politician, and has no views on
the tariff and bank questions, for he never exa.
mined the subjects. In conclusion he says that
all the pledges he will give are, that, If ne be
elected 10 the Presidency, he will honestly and
faithfully perform the duties of the Office to the
best of his ability, and strictly in compliance
with the constitution.
This letter is bone for both wings and loco
focos TO pick. The leaders of the two parties can
do anything almost 10 politics. They can easily
make black appear white, but we defy any Of
them, with all their legerdemain. to make out to
the satisfaction Of the people, that Gen. Taylor
belongs to either party.
The News from Europe-Great Decline In
Breadstufr,.
BY the arrival Of the steamship Cambria at
Boston from Liverpool, we have fifteen days
later intelligence from all parts of Europe. The
news 10 exceedingly important, In a commercial
and financial point Of view, and 10 OF the most
unfavorable nature far as all our great export
ing staples are concerned. There has been an
enormous decline in breadstuffs, without any
material improvement in cotton.
Our readers will recolect, that in an article
.ublished few days since, we predicted de-
cline in breadstuffs, but by no means to the ex-
tent reported. We anticipated moderate de-
cline, upon the ground that the receipt of bread
stuffs la Great Britain from this country, up to
the first of August, judging from the shipments
from this and other ports during the month of
June, must have been immense. The ship
ments Of -four to Great Britain in the month of
June, from this Iort alone, amounted to about
four hundred thousand barrels, besides immense
Quantities of wheat and corn. Anticipating that
these shipments would reach their destina.
ton in all July, we made up our minds that the
steamer OF the 4th of August would bring ac-
counts of decline in prices. Our predictions
haveabeen more than realized 5but it is our i'm
preston now that the steamer Of the 10Th inst,
the Caledonia, will bring accounts Of partial
recovery Of prices. There is no doubt but that
there was very serious panic in the Liverpool
market, as the decline was very sudden, having
taken place on the Sd and 4th of August
The telegraphic despatch giving the report of
the Liverpool market Of the 4th inst, published
in an Extra Herald on Wednesday evening, and
The despatch giving the report of the London
market of the Sd inst, published in an Extra
| Herald yesterday morning, are very wide in the
statements relative to prices, but are, neverthe-
less, correct. The bulk of the decline took place
on the Sd and 4th In Liverpool, and in London
on the 4th. This accounts for the discrepancies
The first report made public through the Extra
Herald on Wednesday evening, is the only cor
rect one, as will be seen on reference to the de-
tailed accounts of the markets in this days pa
per- 1t is unfortunate that such contradictory
statements should be given, but it is fortunate
that the most unfavorable accounts came first, as
it prepared the minds Of those interested for the
real state of things on the other side. We give
in another column the circular Of the Earrings,
dated London, August 3, for the purpose of show
ing that the Geographic despatch made up from
it corresponds with the original, being another
evidence of the accuracy Of the operator on Vie
telegraphic line.
Having thus disposed of this part of the mat
er, it is necessary to sum up the extent Of the
decline in breadstufis. We annex a comparative
statement of prices current in Liverpool, at the
| departure of the last and previous steamers ,---
| The PnIoKs OF BREApsruTys IN LIVERPOOL.
July IL. .atguH 3.
| Per Hibsrnid. Per Cambria
| American wheat. ...... 3 Aal02 76a .
| Indian corn. ...39 a ~ o IS u IS o
indian meal. ......... 10 0a20 o Ii GA Is 0
| Western -four. "a Ga IS o ~ 81 q
On the I'd Of August -four was quoted in Liver
pool at 30 shillings, and Indian corn at 36 shi.
lings, showing that the principal decline took
place on the Sd Of August. The arrival Of the
next steamer from Liverpool will be looked fol
with the greatest anxiety. The effect of this
news upon our own markets must be great, but
not to the extent that would be experienced had
1