New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-12-27

tol what which induced the Government. 10
cctc on The g5,h o. October when houses bad allen to
the amount OF fiSoOo0oo 20 remove rom the oank Us
res,rc,oss ana 70 give commerce relaxation from the
chains in which had been unfortunately bound lie
denied that there any truth In the cry OF the Tree ira
6ers that the railroad speSuAcrs had created the as
iress In The money market- Amer the large sums sen
every during the las, war. snt especially In the As
scar H. 10 Absurd coltent hat expenditure CT
ga 10000 annually Railroads had brought Us 20 the
verge OF ruin Il well that the traders should
have ssme scpesoAt which to throw All their sins bat
n-w was 10 that IN The lned states, In Belgium toi-
Land, Bavaria Prussia and France, where TIE
same dearth hit prevailed, and where larse sums
had been expended IN Railways, the Ministers
had congratulated their respective countries on
having conquered ali their financial difficulties -
Tts difference bsfrcn Hess onae ,al potrers and Gag.
land hat aci n en had c0lsSsfed h a6dai8a ne
pr erie Or priotica 70 Hdrs isdgS,v Nci o. taea
had reigcss ~ import daty ~ cjau0dse o. for-
stJa saics ri'aeu gaintg rcrProcEl airasdges: and
ne consequence nat Try cavTysng isfr
manufactures % ~ aeiri1enf q iAss q Esgard and
rsrs ersa parciasiag ~ Lir9p0al az ne pfsssHi
nat cotton han dsy former Peiod az less q
ne Bfts Gi<rcAaHi-c0EOa rhich dficrtcdri 70 %
rorted ~ % meet he Engst orcrdhrS ~ Rs strH
tef This owing % our want Of credit, 20 our
money Avs and sir Robert peels celebrated Eblng
letter while hat been contracting the currency and
passing Bank Charter Acts the county with
gold France had bees CONTRACTING not the number Of her
notes, but the size OF them nom t2o to e, Bavaria had
been establishing savings oanknotes on the hand and
railway bank. the other. The Emperor Of Rus
had teen sending away his gold ard establishing three
series Of sankuoies each TO the amount Of tSS0ooO
We had been restricting our currency on the one hand
and letting in free imports on the other. ani the conse-
luence WAS that Eng and which IN ISIS seated
oitiest pinnacle OF prosperity, presented IN lct Ia
8eusabe spectacle OF shams. bankruptcy. and disgrace
session when he proposed 70 aivance loan 20 the
Irish railways. they said Ministers could undertake
70 De money lenders. They were not only money lend
err but usures boot. Ia l-5 stood happy under
the Old iYade-w nds OF domestic and colonial protection
h.ff had IN fha sod Of
aud bden, and all was desoston and ruin.
Lord J. Russell said that than half milton had
been granted by the Treasury, and inquiries In
the Of being instituted into the security Of tho estates
On Ireland offered by other applicants. bin for the
sale OF encountered estates would be speedily brought In
tie ase promised TO introduce for the improve
msnt OF the Irish Grand Jury laws and another the
better arrangement OF the relation between landlords and
tenants lie proceeded 20 show the utter unreasonable
ness Of the song OF triumph which Lord G. Bentnek had
raised the caamous condition OF the country and on
the extreme prosperity OF other nations dwelling par
ucaarly the different term, on which the English sni
French Governments had recently contracted loans as
proof The credit Of the country unmpsiret In
l175 In 1893 In 1925 and in ISIS there had been par cs
and great depression oraae and yet tn those years the
protective laws force. and dad not avert rOnl the
country the Revision oftrade which II
pcricncng Unfortunately. whether We had protection or
tree trade inCoRverfhlo paper money or am"taihc
currency on prosperity fictitious credit was built
and that fictitious credit led too often 10 rcyulsion. lie
denied that the terms disgrace aud bankruptcy
applicable 10 the present csndon OF the county
We we're not IN state OF bankruptcy. The Brush NOR
chant rh DE adrdnlgcs rhic he dsrsf ron hs present
iari9 could rlss from hl present dcaies superior % all
r0reiga competition. We suffering under severe
hut temporary calamity and ne rery food rhia re
had recently brought rom iHiascd had aifcdfy caased
great crpOrt ~ IcfVres. II WAS 20 The increase
OF export the favorable state Of the exchanges, &c
that he looked for the gradual restoration of better state
q things, and ultimately Of former prosperity. lie
said that the declined Government would ash
Parliament 10 supply anything which they should deem
necessary the maintenance OF establishments aud
defence OF the countryiOr the realm OF England mus
be supplied with all Of defence and must be main
tanned its ancient greatness ie had no doubt th- hs
present period Of gloom would BE- surmounted by the EN-
crgy and noble character of the nation and by the Gov
eminent acting with that energy and that char
acter.
TEE JEws-The Premier IN the Commons on Thursday
announced his intention to for leave TO bring la
bin 10 remove the civil disabilities affecting members d
the Jewish persuasion
RAILWAY TRAyELsC.--A party Of gentlemen. on Nov
90 started from Paris and reached London IN II hours y
Minutes
Fal.res Of Merchant, and Baakers N England and othe
o.. stucr ~ al