The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-11-10
Private Correspondence.

Private Correspondence.
Lospox, October 81, Ie47
Retrospective pis,D Of the Late Esetonsstats Of Par
n.s-Irish .qfairs-Ffnoneiol Cri1s-TAs English
PreaSs OPINION of the Dr. <ican War.
To THE EDITOR OF TINS New Y0nx HERALD
England at the present day exhibits ths anomalous
position Of country with sup.rabundsncs of wealth
extremes OF luxury, the highest mechanical skill and
ingenuity and the spectacle of great Distress derange
ment of commercial erprse, aud the insecurity OF M
gslaton which arrogated to itself most certain effects
from some certain measures This strikingly seen
In the late election-au election whlchpassed with
less Of excitement and turmoil than any one these forty
years In fact, there is party dominant and
qusnty there was party cry When Peel brought in
his ASSURE for the revision OF the laws and carried
It, the landed aristocraoy, a. party, shivsrsd to
atoms and shattered again to unite to rule Eng
lands destiuies not going to speak Of the wisdom
folly Of his conduct merely relate simple hstori-
cal fact; but Of which the consequences viii prove
momentous hereafter. The hold has gone from the
landed aristocracyth power has passed awsyand the
last election sucent evidence that henceorward
the legislation Of this kingdom will be begotten OF
the thoughts habits feelings Of the mercantile com
mercal trading clasres OF Great Britain There Ia
at prrsyut In one sense the people have bv far too
much liberty; in another sensc, much too little Too
much liberty, when we consider tn legislative power
with which they entrueted-whpn find how very
few Of them pessess the elective franchise aud the slight
influence which they exercise 10 political AFT .rs-too lit
tie liberty when consider hs great increase of know
ledge amongst thsm-a press daily weekly disc
political matters with freedom unknown rave In YOUR
country, and general desire for change the great
essentials OF government The rule Of the wings is Mt
very uncertain An analysis which the papers
Of the constitution Of the present House Of
be Of the most precsrious kind Upon any question
most even large section Of the Pestes only to
unite with the prot the whig ministry Il vt
defeated While on the other hand the radicaIs
who, party are becoming formidable II not bv ac-
tua numbers by possessing amongst them able
aud who have received immense accession of
the last election by the return such men a Thonp
SON. Fox OiConnor, and Others will undoubtedly cause
great Inconvenience to the present ministry. have
said there will be party-thnt ID, no compact marty
under the guida ce Of some two able mcn pre-.
pared with series Of to test their strength
but there will be sufficient body to cause uneasiness
not eventually destroy the ministry which Russell
the head In this state things 1t might be said that
self mnister-the destruction of tho Enr sh CON
sentative parity and the Of the Introduction Of
elements into the constitution which must ultimately
remodel our form OF government completely and
thoroughly Finally may be stated that the copser
vatve party Is entirely broken uphat the wings have
but very slight hold upon the government of Eogsnd
and Of any great EFFORT and that tho
radical or democratic party Is fast gaining pove, and
will by its aovity and earnestness In very time
open up important changes in the English Constitution
What shall be said Of Ireland? Is there apv thing
looming on the political horizon which be construed
several asprants to the political mantle of her de-
ceased patriot and venersiOn for his memory rather
than any qualifications, have enshroudsd his son
John with 1t Cancellation Hall has had its meet.
ings occasionally, but there ID nothing worth noticing
in their utterin4s. There is plan Of action
unlimited abuse of the English and the saxon. and
empty boasts of Irish greatness One cannot contem.
plate such folly without regret Thelegisstive
passed last session, giving the poor right the soil
for that 1t virtually promises to turn out very
fcent, for 1t meets from almost every landlord the
most Incorporating hostility aud this after ten mil
lions Of English money voted to abate the
Of the last winter The prospect the coming winter
tons they resolved to try for hep this winter
again Tbs Queens letter Of Thanksgiving for the
bounta harvest read in the whole Of the churches
Of the kingdom on the i7ch and with it begging COL
lection for the distressed Irish and Scotch Before the
day appointed 1t reflected upon By even very many
OF the clergy through the press and the
collected will t Is almost certain prove vsry Insignia
cant Msantime the rspacity and gres.ness of every
loan have the most phlanthropic and eec
tualy shut the pockets OF the most benevolent and
generous rendering appeal to private charity useless
and rearing up most powerful preventative against
any further legislative rympathy Young Ireland or
rather the party, is quiescent, except occasional
Wnhout airoeating any prophetic spirit there will be
much OF your breadstus required for them again for
though the poatoe disease Ii not nearly extensive
last year, 1t yet very extensive There nothing in
Ireland as substitute and the fact beyond dispute
that England, instead Of being able to supply portion
the truth will come out
England at the present time is undergoing one Of
those commercial Crises to which she has been subject
at periodical times for the last half century In looking
at the number Of Arms which have failed and the az
sr'gste amount Of their liabilities the most
some hun dred years ago. profound philosopher. (Da
vd HumeJ In his essay public credit laid down the
opinion that 1t must he OF two either the
nation must destroy public credit, public credit will
destroy the nation " Are we hnsteniug in common
with France and other European nation towards the
fatal goal? Is that end no confidently predicted by
her neAr pt hau ho am
has Possessed vtsfy Of the mort wonderful knd-ons
mat mas FAR outved the hopes of its most sangune
advocates and has seemed to sugh at a the predictions
Of its enemies The Times. supposed at the present
time 70 be speaking by the ministerial card thunders
fortn almost daily against railways and railway pecula
on as the princoa If not the sole calls loudly
ior legislative interference by early meeting Of the
go a. to put stop to the calls for the money
wanted for these undertakings the centre
and high school Of the paper money system dsnounces
the return to cash payments by Peels BILL and pro-
the. last bank measure enacted by him In ~
rs summing up the measure Of his inquity. More
paper-plenty Of psper-unmitsd ssues. the psna-
ceas there but Of opinion II 10 but the psster
the old Sore without Graduating tha disease from the
vital part Sir Robert Peel paid Liverpool visit very
lately and in the midst Of the the tumble
good ground. for hoping that he the exPremier-the
evil genius Of type of distinction accord
log to many would publicly justify what he had DONE
give some faint hopes that he In was
pared with advice in such critical emergency Alas!
no such thing Instead Of public dinner, It was one
only Of seventy specially invited guests and the
reporters for the public press and all OUT yet
what he did cay. his health being drank ooxed out
but small and Insignificant 20 typical OF the man.
that be construed in any fashion Yet those few
words the manner the private expIe sions Of the
exPremsr far embodened some Of his audience. that
forthwith memorial signed on the Exchange. and
two three Of them hurried London to It to
the whig Premier aud the Chancellor of the Excbequsr
They received graciously had two hoars' con-
ference and intmston that the government thought
very deeply the present. alarming state Of affairs
This deputaton viii be followed BY others from our
principal towns, undoubtedly with different views to
the remedy wanted. but thoroughly agreed the
vide spreading distrust and gloom. Meanwhile, firm
after firm IL failing and the last the Royal Bank OF L.
verpoo has made every ask not who next but who
will stand? Cotton Is going down In priceso also IL
corn the cotton mills being closed In and around
Manchester In all directions and with the exception OF
iron, there not interest but Ia In wotu state Of
suffering IL not impossible but that the words the
philosopher are at the end Of hundred years 10 be
rihed, and that one important Is to be cbro
hioled for the future guidance of mankind Happy the
nstion which will profit by It,
Your war with Mexico is employing as urusl a consi
derable degree ofspeculaion with the public press and
according to Its won't receives the and speer
the cold silence Of others