The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-04
COMMERCIAL NOV EMENTS
NURoPn AND AH8ARxoA.
OPINIONS OF THE NEW YORK HERALD
THE GREAT NONE WE'D POWERS.
Opinions on Secretary Walkers
Famous Report.
From tbs London Standard, jan 5. is4s /

membsr Of the psrty power and Of ts prnoi
powsr as the real author Of all tho dangers Saauf
ties by which the country has suffered fce many years
Mr. min sn ): os
gotten though Is to be smsnted the leexoed gen
smans colleagues stossthsr tshavs isss ssht Of
Mr. Balsr'a warning against iAssissstsbls eyidity
and prevailing shus9 ne q sSws ss. ~
Mr. Basr spss"ef To esl5 = ths q
rsut, thu orwell tyrant q w U xne1sn, tsush
S sss ao 6 sss. sssss AZ
int s. u sTss's ;;ss;2: q sss s sos
Without Il ssys3R s a. = Ssisve, When W
speak IN thus Wy " xoud "a e :, rtss
Of wealth No, speak Of somsthng definite and tam
gble of power which though, psrhsps constituted Of
character invested With all the attributes Of real and
name the constuspt members or this great money IT,
rant for the Of these constituent members
new world We sIude to tho existence Of the power,
not for the purpose Of exposing indviduas, but In
nioal arts Frssmsn We are not, live at TIE mercy
of masters who, for their profit may deprive US OF
the n
OF subsistence to strangers Frsemen We
are not II We live subject to those Who most xsn FOR
double profit them enriching themselves by max.
ing the pressure OF famine severe and again
all the remedies for famine and ali .hs Of
these rsmsdies Such IT, however, ths nature and the
ranny which, after having made too weak for war,
would nevertheless, involve in tomorrow II BY
what it calls its operations The members Of the money
power Of no country; they are neither Frsnchmen
As f.. Saarry sy: o. on: smnsn. SranoS
them, they OF all these, they are Jsws IAN
ad ar ant
membss Of the "monsy power" according to Mr.
The United states, Of the matohlsss prosperity Of
report sss.sssy . ths Trs..uly by. glosPsr.d
saSs :1 a11s Rom pises:
profits realised BY his country -
wish Of the free trade leaders were here. and
they would be satisfied that this continent does not
tain person in trade who 10 not Of opinion that
England II she adheres to her present system must sink
uni, It, Ss nI. sse
on their escape but has changed
their tune, whilst evident from the great variety Of
money bills being discounted ct psr cent per month
that heavy losses have resulted but which the injured
parties airs trying to conceal"
Doubtless the profits Of the British trade last year have
been great to to America they have
not been half great TO "the money power" Of Eu
beyond their ability; but tho nischances Of those who
run the risk OF trade are very opposite In the pros
m<rcs the New York spsculstors will easily right
themssye: they are SURE TO do g. they follow the ad
va hav. copied a. esh tIs issdns sgsois Of IS. L.
test copy of the Herald which has reached Europe,
tas mcst perfect opposition Of che rorkins c "e money
powfS" fhsi haze seenan exposition the more csjua-
biased ~ "sr.ss II. editor & u: Hss York H:rsis
With no other purpose t6ss 70 warn his fellow oisissns
against submitting to It. bis is subject 70 nc
serups to endorse every line iat lie hos uristsn The
article TO which refer viii DO found in third page
From the New York Herald Dec 10, lsa7I
ANOTHER GREAT MOVEMENT SrEcuLArtoN-Ac-
oording the last accounts from Europe there seems
to bs every to believe that and fresh speou
and consumption has bss devised BY the great capital
lists of London and elsewhere, and that the whole
world oon IN sho s van 20 more
next SIX, nine or twelve months. The action Of the
British and the Bank Of England and the sud-
dom effect which the influence Of the Bank has produced
the money market form Of those periods Of quiet
and calm which generally closes time Of excitement
with much certainty as 1t precedes another and new
excitement. The monetary crisis in London, and
throughout England seems TO have stopped in mid
vernment and snk Of England; yet this influence
merely matter OF imagination without any parti
cusr action Of any hind The bank was authorised to
make fresh issues Of its paper contrary to its charter
IN order to sustain the credit the country but AFFAIRS
gradually improved. without the exploitation Of the
abyso We are therefore, in the midst OF that lul
calm which follows after or precedss those movements
created By the gre capitalists and spectators for the
purpose Of filing their own pockets and cheating the
Let n. explain. The Rothschilds, the Earrings, and
extensive nouSsD O&Okcr8 COutrOI
shs commercial world, through the action Of the Bank
~ England the foreign exchanges, the bullion
na rover ., '1 over ths v.ous b.
their combined movements ON tho money market,
osignated In London and carried into snsct BY
of the great articles Of consumption such cotton corn
tobacco we'll coin They vary those movements
to suit their purposs sSd to make money out Of their
operations. When votaire lived in his famous chateau,
Geneva, he wrote friend that he could spoon.
in the French funds and make money them. just
cay the shores of the Lake OF Geneva 40 the
Banrse Of Paris lie explained: b. had friend in the
Bank Of France who gave him inteIgence when they
contracting or expanding the paper eystem and,
% o y
few months, he cleared profit; way the other
These principles and movements, in controlling the
great bankers London to embrace all the great arti
and pssence aud the mIssries the human race are
merely looked upon elements In these monetary cal
cutiops by the great huancors and bankers In Lon
don and Paris who are also greet gentlemen; but who,
noher ages fthe world would have been locked upon
ss and IT.. 1S w0ud
lat give few facts on the subject In the year
i this potato rot began to create Its ravags in Ire
Ooy partial 10 that year. During part Of that sum
msr tbs British government, under Sir Robert peels
anrtrstion sent directions to its agents In Ireland
collect al the information possible relative to the
chtnsss OF the potato crop This information Was COL
iected privately. sscretely transmitted to Lon
dom At the proper time the deficiency asccrtaned
and this important fact was communicated connden
taly the house of Baripgs In London. who enjoyed
tbs condolences Of Sir Robert Peel In the fall Of s45,
of the knowledge Of the exact OF the
crop and that there would be great demand for bread
ss the Barpgs despatched their agents to this coun
try secretly .sy purchased la-gs quantities OF pro-
doe low prices and the very that transport
ed such produce to Ireland and England had reached
just after the fact OF the scarcity
wes known Ia England to the commercial world OF
Europe. As II began to be agated In the neVs
papers that there great deficiency In the potato
crop In Ireland, price, Of all kinds Of bresdstuns Of
courss rose and the Bsrngs, and few others In the
conf Of the government who had entered early
into The Market made vast Of money By their ope
rations
This the nrst Of the London capitalists
aud tpeoulators The year after, via In l946 and In
the middle OF tho that year some doubt Was