The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-11-22
Affairs In Fog land aud Europe.


We continue the interesting and impor tant de.
tails of the foreign news which was brought to
Boston on Saturday last, by the Acadia steamer.
The first impression produced by this inteli-
gence is strengthened by perusng the contents
of the English and foreign journals.
The crisis through which England is
passing, is one of the most important
which has taken place in her history. Com
mencng by deficiency in the crops. it has
passed through u famne--.hcn revulsion in
the money market-lnd is now in the first
stages OF political and social disturbance that
may produce some dreadful calamity to that
country, before it will cease. The terrible truth
has been developed that England is poor, or. in
other words, that the Agricultural and manufacture
Ing productions of England combined ARE unequal
to feed the population in their present social con-
diton. The government has stepped in and sus-
pended the law requiring the Bank Of England
to adhere to certain conditions Of the currency.
This act is generally approved of by the specu-
lating interests, and some portion. of the press;
but those who understand such matters look
upon it as merely the first step in the downward
tendency Of that country, leading to ultimate
suspension-a paper currency-repudiation of
debts, and the breaking up Of all financial and
political principles. In fact, there is every APP
pearance that England has now entered upon
the first stage of changes similar to those
which brought about the French revolution.
The me- citing of Parliament before the usual time,
is only a. broadf fact, indicating the present con-
dition of affairs
Such is the view of affairs in England taken
by one Of the leading journals of that country, the
Iimes--a journal which is competent to give
sound opinions on matters of trade, however
false and obnoxious its articles may be on Ame-
rican affairs. The fact is, the great credit and
confidence which have heretofore been consider
ed by the whole commercial world to exist in
England, and particularly in London, are now
about passing away forever. The centre of the
commercial world is changing its permanent re-
sdence. Even the large exchange houses hav-
ing branches in both England and the United
States, are rendered powerless and imbecile in
the present state of affairs Bills on London and
open credits on that country, seem to be entirely
useless and reproductive.
Yet, according to the general movements, the
extraordinary revision may be changed, so far
as regards its effects this country, if our mer.
chants and foreign importers know how to avail
themselves of the present crisis in the CONNER
cial world. AIRY attempt, in any quarter, to give
encouragement to fresh issues OF paper currency,
would be injurious to the future movements of
trade connected with the United States. The
errors committed by Engand-the utter rotten
ness of the large houses, as developed in their
schedules-the probable rottenness OF all the large
housesyet in existence in that country ought to
be "a warning to the commercial interests of the
United States, in the operations of trade. We
possess, beyond any other country, the natural
elements of wealth. In breadstuffs, cotton, and
very soon in the article of specie, by the possess
sion of Mexico, we will have almost monopo-
ly of every element OF wealth and prosperity.
To organize those elements may be matter of
some difficulty; but the very arrangement of af-
fairs In England, and other parts Of the old
world, ought to furnish US with lessons never to
be forgotten, and always to be remembered.
AMERICAN NEWSPAPERS IN MEXICO The Lon.
don press, in its structures on the war with
Mexico, is right in one respect-that the mode
in which it is prosecuted, is anomalous 1t is 30,
and we may add, very different from the mode
pursued by the English in all their wars
After every defeat the Mexicans sustain, we
administer to them dose of civilization. After
our troops cut them up with rifle balls and
bayonets, they step out of the ranks, take up the
'stick" and pursue the retreating legions with
the great civilIZer of mankind-the Press
After discharge of shot and shells, they receive
discharge of newspapers; and while disabled
by their wounds, they leisurely read the news
of the day, prepared for them by their conquerors.
Such is Il characteristic Of the war with
Mexico, which, in this respect, at least, is ano-
malous.
There are in the United States from ten to fif.
teen thousand persons connected with the press,
comprising editors, reporters, printers, press
men, and devils. As class, they are unques-
tionably the best educated, most talented, most
energetic, the most original, the most patriotic
part of our population Of this number, probably
thousand or fifteen hundred joined the invading
army, and assisted materially in achieving the
splendid victories that have astonshed ourselves
| and the world From the moment they entered
Mexico, till the present time, they have fought
and printed as they went along. At every halt
ing place and every town they captured they start.
ed newspaper, and at the present moment
there are nearly dozen Anglo-American
newspapers printed and circulated in the
enemy's country. These journals, though small
in size, are well gotup, and display considerable
talent and ability. They cannot fail in working
great change in the minds of the people; and in
the event of its becoming necessary to perma-
nently occupy the whole of Mexico, will exer-
else an important influence in the preservation
of order and quiet.
The press is altogether new element in the
prosecution Of war, and the troops of America
have the honor of being the frs, to introduce it,.
Thus far, It's effect has been good, and we have
no doubt it has aided much in producing the
pr, sent contentedness to submit to American
rule, which is apparent among the masses of the
Mexican people.
ULrRArsMs AT meeting held IN some one
of the districts of South Carolina, it was re-
commended to the members Of Congress- of that
hi l., 1