The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-14

Lorpor, January 10, 1877.
The Queens spesehFamine in Europe Speculation in
FSod-Opening Of the Ports-speech Of the King
France Financial Crisis in France More European
.annsrafion- Critical Position of Europe Cotton
Market
You will receive the Queens speech delivered this day,
by the steamer from Liverpool destined purpose
As you will have the speech ITSELF with the comments OF
the public press will be better for me to say nothing on
the subject
The famine both in ireland, England. Belgium, Hol.
land and France is going ahead. Speculation has come
its assistance to increase its dreadful ravages few
weeks back relief committee of Limerick received
cargo of corn delivered which had been purchased two
months before at certain rate At the time of delivery
however, this cargo worth e. 600 sterling more
than at the time of its purchase This may give some
idea of the effects Of speculation Joined with the delay of
vessels Some spectators the m'rch and before the
committee knew the rise Of the market to its full extent
offered them fl 500 for their bargain It refused in
this case but is said that spectators have exercised
their rapacy in Ireland TO rghtful extent They want
the able pen of the Ne York Herald to chasss them
The ports will now he opened untrammelled with
the ministry Common Indian corn now fstches
Ss. 'n Wheat a. ordinsry time. What ans rro
psct for Ohio. Illinois &C. and what encouragement
and throw in a crop around his log hut For, as re-.
marked in former letter II IL not only the demand
prevails will certsnly be a, great next year and years
calculated upon certainty in England for the ports
onss opened he shut again and the cheaper Anne
rcau produce will hnd preference over the English
which raised at greater expense expense not lit
tie augmented by heavy taxes high poor rate tthes
aristocratic landlord to boot All these elements taken
into the calculation will render American produce now
that protection is destroyed, always welcome and
The speech Of the King Of France opening the Cham
hers. has some remarkable features In it. That which
oknNknD md ovaru
ton for the first time Of friendly allusion to Russia
told you in q former communication OF the fact that
sa to avoid the painful and dangerous position of being
isolated and without allies and supporters so necessary
the City two sovereigns Of Europe became necessary
in Of the unpleasant feeling created by
Thu alusion to Russia in the King. speech that the
strongly and emphatcally denying the intentions OF the
court to enter into an entente eordcle with Russia
Every body however understands this diplomacy, and
knows that words at the Tuleres cheap and cost
nothing while thew mean less The king has long been
coquetpg with Russia and made this new treaty with
her. in which some great commercial advantages are
siyen Russia without consulting the Chamber Sno ana
step, but the Chambers have been so well drilled.
and ere exclusively checked by the court party,
The Bank panic in Paris continues undated see
what it is have a monster The expectation Of specie
SSh 1 snd :DssS S
crisis London Bankruptcies without number great
y fear will soon be the order Of the day in the CONNER
The tragedy Of Cracow"i is being reh earsed for a
performance in Switzerland All the little rspub-
turbances have again broken ont at Freburg you will
remember they broke out at Cracow to the an.
apos England will protest volta tout then Russia will
look for her share to Modava and other of the rich
provinces Of Turkey The latter government alrsady
minary bite before larger mouthfu has expressed her
solemn opinion upon the sacred nature and involab
Of treaties. Singular lesson of morality this which
Turks have read to Christian powers! All the other
Christian nations protested against the robbery only
an immoralty 1t would seem by this that orality
and virtue divorced from Christianity and have
some projection and more favor than in Chrstendom
Parliamentary dinners given by the heads of the seye.
raj parties to- to the have been al the
be feeble and merely factious Never was there such
peace among party men as there now in the pol cal
something must be done to remedy the condition Of Ire
land This the great aairevery thing else is minor
the condition of Europe. politically, is critical; and
events are on the anvil which will shortly produce ter.
S in so nF e
obliged to submit TO every thing for the sake Of
The cotton market continues to keep up an excitement
low before There is regular increase in the
production Of cotton manufactures every and there
fore it plain that the cotton crop is not proportions
bly, increased scarcity such is felt must srise
Now it would appear that the growers Of Gotten have
So the effect will ultimately be- an increased price of
cotton manufactured goods, rather than dminuton Of
the hitherto rate of production. The goods manuac
tured only be in proportion to the cotton wn now
if less cotton is grown, less will be manufactured and
their value will be greater. Perhaps it will not be in
excessive production of the English machinery As
effect of this production goods is true. made
reared manufacturing slaves unhealthy crowd.
ing together Of laboring takes places and crime
paupersm and misery accumulated small spot,
to frghtfu amount. II If the advocates for
q high tariff in the United States, anxious to pro-
duce this dreadful state of society among you by sstsb
fishing manufacturing towns with the crowds Of hire.
ling slaves and their rich manufacturing lords and
sees 1t Is happy that the enlightened portion of the
press with the government not in subserviency to
this whig policy.