The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-08-01

Tsrold the accounts received yesterday by tele
graph ard the mails 1t will be read with tn
greatest interest. Whether or not 1t will tur
out to be like all previous peace advices, tim
will tell.
The Prosperity OF Commercial Affairs !" u"
United states.
We have, for the past two years, enloyeu Wv
most uninterrupted prosperity. AmidS, "ais
and rumors of wars-amdst all those cha"seo
which Congress has from time to time i'aue -
our commercial and financial systems-ai''u,''
the fluctuations in prices for our principai s'ap'e
J.: H. contraction of an enormous
dah, ~ IN. mar, If the government-and many
- ,,;nns calculated to check our progress
v. h.vs .,esdilv advanced, until we nave reacn-
- n;rnacle of commercial prosperity
e., ,vh;cb nothing can hurl US but the most
rscLlrss imitation of public ana private ''eui''
ond The most enormous specuiatiohs
a." w. ga now in position commanding the
Sc the world. which annually gives
'a glance in our favor. We have become the
.arv Of Europe and have for long time
been the source from which the IA" ha'eriai ioi
~ ,,arufacture of cotton goods has been princi-
nallv derived. The raw material required Tor
,bc manufacture of woollen goods, Is rapidly be-
coming an important staple article OF export, and
n few wears will suffice to swell the shipments to
IN immense amount. The vast prairies OF the
western country are peculiarly adapted to the rails
;noofsheep, and the finest qualities ofwool can be
rroduced in that section of country, at very low
nrice We look to the extension OF this trade,
ga we do of all others with foreign nations,
principally upon the ground that we shall be able
n furnish the staple articles of export at prices
so much below those of the country to which we
shin them that we shall be able to supply the
bulk of the demand. 1t is so now with cotton;
il will soon be SO with breadstuffs, provisions,
wool. and many other articles now hardly
thought Of
While the variety and extent of our exports are
increasing SO rapidly we see no probability OF
corresponding increase in the variety and extent
of our imports. We are already manufacturing
MANY articles, which in previous years we I'M
ported largely Railroad iron for instance, is
one article. Manufactures are spring up in all
PARTS of the country, and an immense number of
rails are daily turned out, the demand for which
from our railroad companies is sufficient to take
them faster than they can be supplied. Manu-
factories Of other descriptions of iron are rapidly
increasing, and the importation of iron manu-
features will, in few years, be very small to
what it has been. We have not as yet advanced
sufficiently in the manufacture of cutlery and
the finer varieties of goods, to affect the lmporta-
ton materially; but in time, all these things Will
be acquired and we shall be able to supply, at
least, our home demand. Cotton and woollen
manufactures are also increasing very rapidly,
and we are gradually reducing the variety and
extent of our importations Of all articles which
come under this head. We are not only supply
ing our home demand for many cotton goods,
but we are supplying foreign markets to greater
extent than we ever have before, and are gradu-
ally, but steadily, supplanting similar manufac-
lures from Great Britain.
The Importation of such articles as we cannot
produce within our own limits, is increasing, in
proportion to the increase in population. The
Importation of articles of luxury increases as we
increase in prosperity, and in our ability to con-
sumo such things more largely. There is no
other country on the face of the earth so
independent of all the rest Of the world
as this, and there is no other people Great
cd, SO capable of supplying themselves, with
not only all the necessares, but many OF the
luxuries of life, as those of the United States
Comparatively, we are, yet, in our infancy in al
those things which constitute anation's strength
and greatness. In less than century we have
reached an extent of population nearly equal t.
the most powerful nation in Europe; com
mercial marine, second to no other in thu
world; and in all the other things which go TO-
wards making a government powerful, and c
people prosperous, we are almost out OF sight II
advance of any other country under the canopy
OF heaven.
ExpLosIoNloN BOARD THE STEAMBOAT NIAGARA
Two LIVES LOST, AND SEVEN PERSONS ScALD-
Ep.-Weyesterdaym morning received intelligence
of an explosion thattook place onboard the steam
boat Niagara, at about quarter past O'Clock
that morning
This boat plies regularly between this city
and Albany, and left her dock al half pas
six O'Clock, on her trip. When she had pro-
ceeded about thirty miles, and was at
point between Tarrytown and Sing Sing, he
steam chest exploded with a terrific noise
killing two 6remen instantaneously, and Sc
verely scalding seven of the passengers. Il
addition to other damage, the particulars o
which we have not yet leaned, the smoke pipe
barbers shop, fire rooms, and large portion o.
The side of the vessel wee carried aw ay by the
force of the steam.
As soon as the confusion incident to the ex'
plosion had subsidized, the bell was rung tor re-
lief, and the steamboat Roger Williams, Capt
Degroot, which fortunately happened to be a
short distance behind, went to her relief, anc
took her passengers off. The steamboat Thomas
Powell then came up and took her in tow to
wards the shore, when her anchors were let go
Five of the scalded passengers were taken OF
board the Roger Williams, and proceeded to AL
bany. The remaining two of the scalded wer'
80 much injured that they were taken to this cit!
in the steamer Thomas Powell, for the purpos
of receiving medical assistance.
Since the above was written, we have obtaine'
the following additional PARTICULARS
I'LL x.olaneholu on ualfy CREATED much ex