The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-19
NEW YORK HERALD.
New Yora, rueslay, january 10, Is47.
secret History OF the War.

7,
secret History OF the War.
Several Southern, and one or two Northern
papers, have just discovered terrible bug bear,
which they facetiously call The secret history OF
the war" We give II In another column.
Those who will read this "secret' history care
fully through, and then compare its statements
with the "public history OF events since Gen.
eral Taylor pitched his tent at Corpus Christi,
will see that the whole |" secret" is as much gam
mon as any thing else. They will perceive at
once that It is I" bug-bear got up for some pur-
pose, perhaps, fvery little importance.
1t has always been supposed that Arista desir-
ed TO form an independent republic of Northern
Mexico; and that Mexico, under Herrera, offered
to negotiate for peace. 1t is well known too that
Herrera, inconsequence of his wish for peace, he
was overthrown by Paroles, who compelled
Arista TO advance and fight. 1t is, perhaps,
probable that we might have prevented a battle or
two by formeDting revolution in Northern Mex
ico, but was it the BUSINESS OF our government TO
assist in the ACKNOWLEDGMENT of a neghborlng
republic, except in y legitimate war with that re
public? OF course not.
The whole affair will probably turn out to be
all leather and prunella.
The Foreign NeWs-lts complexion ahu I'M
pOrtance.
Although the advices received direct from Liver
pool, by an arrival at this port are only two days
alter than those received by the Cambria at Bos-
ton, they in commercial point of view highly
favorable, and rather important, as their com
plexion indicates the character of the accounts ex
pected by the Hibernia, the steamer OF the 9th
inst, the arrival of which at Boston is looked for
with the greatest interest. Her regular day, the
ith, coming on Monday she was detained until
the 9th; she has, therefore, been at fourteen
days to-day.
Her advices will be nearly month later than
those received by the Rochester, unless one of the
many packets now due should slip into port in
the meantime.
The advance in the Liverpool Cotton Market,
alluded to in the report of the 9th of December,
has previously been reported; but the large sales,
the firmness of holders, and the small supply in
the hands OF spinners, have given holders in this
market the impression that the steamer will bring
accounts of very extensive improvement in
prices. Quotations in this market range so high
that very large advance the other side will
be necessary to equalize prices, and assimilate
them SO that shipments can be made with mod
crate probability OF paying cost and charges.
Prices in Liverpool rule at least three farthings
above those current in this market Holders are
looking for a rise on the other side, large enough
10 wipe out this difference.
The principal money markets appear to be IN
very satisfactory condition. The latest returns
of the Bank of England exhibit an increase in
the amount of bullion on hand while the drain
of specie from the Bank OF France continued,
Notwithstanding which stocks remained firm
From the general tone of the financial accounts,
we should judge that there was no danger of
any uniavorable news in relation to the st of
the money markets, by the next arrival.
The markets for the staple agricultural products
of this country, were in very encouraging con-
dition-prices were improving, and the demand
active. The non arrival of vessels from this side
with supplies, had reduced stocks, and given hold
ers greater degree of firmness.
The political affairs OF Europe were in an unin-
terestng position, but it impossible to tell what
day may bring FORTH where there are so many
governments so closely connected, and so jealous
OF each other, as those of Europe The excite
,nent in relation to the Spanish marriages and
the annexation of Cracow, had nearly subsidized,
but it is impossible to tell how soon something
else may come up, calculated to put the princi-
pal powers at loggerheads, and to endanger the
peace of the word,