The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-11-11
New York. Thursd.y, ssvsmbsr II. Is4s.
state on OBSERVATION-DISCLOSURES, then Hsvoia-
tlOUs

who can say that the present financial revul'
sion in England may not, In the present extre'
nifty of things, lead to aterrible revolution before
the end of another year, or even IN halt years
time Every arrival from across the Atlantic
brings us fresh accounts of failures, bankrupt
cies, and prospects of starvation. A lull takes
place in the storm, now and then, only Il
be increased with more fearful intensity
Nearly two hundred failures, great and
small, have taken place, to the amour
Of the three hundred millions of dollars. This
Is, indeed, but mere fragment of the financial
and commercial wealth of England; but the
worst aspect of the business is, it indicates the
general rottenness of the whole fabric OF society
We do not apprehend that any thing can ahec'
the credit or solidity of the Bank OF Engiaho'
under its present constitution; nor DO VIC s~ree
that the government credit Will be loucheu ~
any great extent. The merchants, manu'ac'u'.' s'
private bankers, ship owners, may all go 10 ueS-
trucuou. and NAV tumble TO rum, before the gov
eminent or the Bank of England VIII be affected
The havoc must be greater, wider and more
extensive. before the great institutions OF the
country will probably suffer. Yet who can
tell what may be brought upon the destiny OF
ENGLAND in another directiona The revulson
among the manufacturing and commercial houses
may lead to terrible restitution and famine among
the operatives aad lower classes, and ultimately
TO revolution and bloodshed. During the last
two years famine has prevailed to certain ex-
tent in some of her largest provinces In Ireland
and Scotland the year l846 saw restitution begin.
The year lsa7 will see it more fearfully prevail
ing, even with the governmental loan of ten mil
lion sterling, and the gratuities and beneiaclons
received from all the world to proportionately
large amount.
But with all the information which is before
us, we are led to believe that more fearful con-
dition of things is coming on, and will be mani
tested in the approaching winter in the United
Kingdom; and this even, too, in the face of "a
large and abundant crop. Government can find
no more millions to supply the necessities
Of a starving peasantry. In ireland alone,
there is probably a population of three mil
lions dependent upon charity for their sub
sistence in winter There is probably food
enough in the country; but what is that to
them 7 They can obtain neither money nor
work BY which to procure it, When again the
railroad works are suspended, millions of work
men will be thrown out of employment, and will
be rrecptated upon the poor rates. Scotland is
in similar predicament In the aggregate, pro-
badly one.third Of the population of the United
Kingdom, more or less, is on the brink of starva-
tion, with plentiful crop before them. This is
in consequence of the arrangements brought
about by the financial crisis. There is a
prospect by this duplication of the fearful
elements Of want and destitution, of a revolu-
tion almost identical in its causes and manner
Of commencement with the great French revo-
luton, which is yet felt throughout all the
avenues of society in Europe.
The financial crisis preci pilates the rich and
luxurious into the walks Of poverty and starva-
ton, and thus the elements of revolution are
multiplied, and extended from the lower to the
higher classes. In such calamltous positl on
OF society, what prospect does the new Parlia-
ment hold out ? A poor one, indeed. Since the
Long Parliament, two hundred years ago, never
has there been House of Commons composed
of sue an Heterogeneous mass, of such discord-
ant opinions, of sach terrible passions, and vio-
lent parties, as this new House of Com
mons now exhibits TO the world. In this body
for the first time since 1910, nearly one half of
the members are radicals or republicans, COM
bining, with their uncompromising princi-
pies, the strongest passions and fiercest reso-
unceasing war against the aristocracy and
the ancient institutions. Besides these, there
is fearful body of Irish repealers, animated
by the same passions, filled with the same
resolutions. The tories, or conservatives,
constitute mere fragment in this assembly,
important, to be sure, but still mere fragment,
powerless in themselves. The wings are still
less in numbers, and to their misfortune are
hated, despised and condemned, by the radicals
republicans, repealers, and reformers, of al
shades, while they do not essentially differ from
the other section Of the aristocracy. In addi
ton to all these causes of division and revolu
ton, there are probably hundred and twenty
individuals returned to Parliament on the rail-
road interest, men possessed of the specializing
spirit of the age and ready to vote for almost any
change or motion.
In such discordant elements, met together in
the House of Commons, which is now the GO
vernment of the kingdom, what can be hoped or
expected, calculated to give quiet to England
Out OF doors are starvation, famine, bankruptcy,
ruin, CONFUSION, desperation, revolution! In
doors, the same passions, the same views, the
same proposes, taking only different shape and
pursuing different direction.
Thus England, at this moment, presents the
same terrific attitude which she did at the COM
mencement of her great revolution, two hundred
years ago, or similar to that which France ex-
hibited in 1889, at the period of her revolution,
before the establishment Of republic there.
JOHN VAN BUREN's SpKEcH-A RICH GEN.
"Fellow- citizens and fellow-traitors 20 are the
startling words commencing the report of the
recent celebrated speech of John Van Buren, al
the Herkimer convention. This report has been