The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-07-23

ing the part of the lady by riding white horse in
her buf-e@ts,ny not' her own buf-but what mat
tiers II imitation of fesh good why not have
Der in Pu'is naiua6us Well well, heee the last
days.
SOUTHAMPTON, July 7, 1913.
Arrtrai of the american Steamship Hermann
Success of the Aniericam Steamers-Intcresttng
Financial Intelligence, &C., &c.
To use a mercantile expression, American
steam is looking up, and may be quoted as de-
cldedly frmer. One of the Cunard steamers, the
Acadia, has been soundly beaten by the United
States mail steamer Hermann. The latter vessel
arrived off the Needles, Isle of Wight, on the ID
instant, at s, P. M, which, allowing for the five
hours difference in time between New York and
Southampton, gives IL days and FL hours for the
exact time occupied by the voyage ; and, be-
lieve, about two hours less than occupied by the
steamer America for her first homeward trip, aud
which was supposed to be the shortest known.
The Acadia arrived at Liverpool the 5th at p NJ
She detained ten hours at Halifax by dense fog
Allowing her that ten hours detention it will appear
that the Hermann arrived so quickly to have
beaten the Acadia nearly thirty eight hours the
run to England, after deductipg twenty.four hours
for the difference of starting time in New York.
This has created very considerable interest
amongst the numerous persons interested in steam
navigation. The favorable run made by the United
States, and the Hermanns decided and unexpected
feat have made the Britishers begin to think that
American steamers are destined to succeed, and
made The Americans very sapgune that their steamers
will ultimately rival If not surpass, the speed and
celebrity # English ocean steamships The passen-
gers by the Hermann presented to Captain Crabtree
very gratifying letter expressing their admiration of
his noble ship and her performance, md thanking
bin for the good Dgements and genemanly treat
meDt they have experienced. The Hermann will leave
this on tie 10th and | anu informed She will have n
81 nd he mi to fin of maya
] he news brought by the Hermann that the Sl6-
OO0OO0 loan had been adjudicated and that Sl4 0O0
of Washington, for account of themselves, Barring
Brothers Co., of London, and others, was not very
any very considerable payments are to be made from
England to pay up instruments on the loan, it will
Iced to adeclne of the rate of exchange in New York.
and nssquent transportation of the preci.us
tails to the United States 1t observed that on the
announcene mt of the loan having been taken by Ba-
rings, exchange showed tendency to decline in Wall
street. and that the drain of specie from New York
Immediately subsidized The views taken by the writer
OF the money article Of the New York Herald on the
subject Of this financial operation, admitted by
mercantile to be very just foreign capital Is evil
IDENTIFY being attracted to United States stocks and
with tie present disorganzed of the nta
nts, their public funds not considered a
that the United States having small public debt
in comparison with its vast resources guarantee
Afforded beyond the possibility of doubt regular
payment Of tbe'dividends and Of an ultimate repay
meDt Of the fun amount lent Moreover, American
stocks pay more remunerative interest to capitalists
than any safe European stocks The English consols
at price Of SIX per cent, pay only 3X per cent
per annum 1t must therefore, strike every hav-
ing clear head, that capitalists would make
good exchange Of Investment by selling out
Brith consols or exchequer bills and purchas-
ing in United States stocks. with all these
considerations before the moneyed class in London,
it is shrew dly guessed and believed that Messrs Bs
ring Brothers Co. will be considerable holders Of the
count Of French and German capitalists who foresee
ing nothing bot ruin and chaos in the political hori
zon are winding up and making safe by sending their
money across the Atlantic From the fact Of the Earrings
having been employed by the Emperor of Russia to
invest f2o sterling last year in the English
funds. it is Iumored in respectable circles that the
Empt ror has finger in the pic, and that some mil
lions have been subscribed for by Barines, by
order Of bis Imperial Majesty This rumor has ac-
few days ago SlS0,000 in gold received at the
Bapk Of Engs nd from the Russian Cover nment a nd
beirg covered by assurances at Loyds OF course it
l. totally impossible to say II these rumors are true
inch before his nose, and who can deny that in the
event Of political troubles rendering for
his Imperial Majety to absent himself from his faith.
full loving subjects, nd to take up his residence
in England or the far West. Who would say that
f2 100000 in the British funds and s5o00,00O in
American stocks, would not be some solace and sup
p, TT, during enlightened expatriation.
As an abstract principle, should give it that
country be benefited by large of secu-
rites, IeIreseptiug itHpubc debt being held by
eigneIs; for instance surprising stock of the United
ropesp capitalists the interest at six per cent be
RENTED nualy for Of the dividends would
amount to So 100000 which would be serious dr. ain
upon the resources and income of the country. and
that sum OF money taken from the circulation to go
into tie pockets Of foreigners. would more benef
tic capitaists 1t may therefore, be assumed with
proprtty that II ia better the interests
of the United States that her loans should be taken
up by her own citizens, and that the large amount
ny able annually for interest should be n remunera
ton her capitalists for the of the general
mulated savings Of the people invested in United
the amounts TO be paid to fo eign creditors would, in
reality be paid in produce-say cotton corn tobacco
-four. No. rather than in specie: but, the other
hand it is certain that the payments however made,
would tend to make the exchanges more unf4vorable
than would otherwise be the case, If the payments
due TO citizens of the country.
The American steamer United States is to leave
hear that she bas very little freight engaged but that
about one bed passengers will go by her Trade
and commerce in Havre are very bad The cotton
market there is perhaps rather rmer and lately sales
have increased to some extent. Although is proba
bic that something approaching military dictatorship
will be- establ shed in France. yet under the suppos
ton that der will be preserved and the rights of
property respected more confidence amongst the
camille e, class Is French adce
risen considerably This, as indicating the state of
public feeling, is satisfactory.
having board 5000 coo in specie The Euxine, from
CopstantiBople is hourly expected with gold coin,
value s1,?6oooo The specie for Havre, brought by
the Hermann. was sc mt across In The Wonder. with
all these arrivals Of bullion the vaults of the Bank of
England likely to be overstocked, and money will
be drug, while at the time the mercantile and
manufacturing interests languishing for want of
adequate means to carry on their operations: sEgu
lar maly 10 the general course Of affairs, and only
be accounted for by the general of confidence
induced by the critical state Of political affairs the
continent tI 7...s
There have been arrivals at this port from Spain,
Portugal and Gibraltar during the week; but t. ere is
nothing fresh, eithr political commercial to oom
mupicate.
Our Irish Correspondence.
DUBLIN, July 7, 1913
State of helamd--O,angc PROFESSIONS Prosccu-
tions-Ra,i,cdys, &c.
But little has transpired in the way of news
since last wrote to you, with the exception of the
trials of the persons who were, in last April ar