The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-10-04


certain extent, without injurlng, affecting, or ex
hausting the money market Ia the present case,
il is said that the Bank Of Commerce, the Phnnlx
Bank, and several other in stitutlons In Wall street.
which have been paid off for specie for few
weeks past, have been the principal participants
IN this loan Of the Secretary, and the operation
will effect great deal of ease IN the money mar
ket In certain quarters although, of course it
ates an equal amount of dissatisfaction in other
quarters, and among parties who do not participate
In the movement Brokers and spectators may
quarrel and fight, and settle their difficulties as
they please, but the financial policy of the coun-
try ought to be conducted on more sta BILE prn-
clple, and one better calculated to produce more
permanent good than that which we have had
OF late years The absurdIty of enactng hard
money system by one Congress, and repeating it
by stealth and secrecy by another, Immediately
subsequently, presents too many features belonging
TO the county of Bunkum, to be popular or per-
manent among an intelligent people. Secretary
Walker according to law, is not yet ready for the
penitentiary, but, after the first of December next
as the law stands, he will be in the position
of delinquent, should he make similar negotia-
lions with any of the Wall street brokers. Then
the full-blooded sub-reasury system, it was
oTlGHdI enacted, VIII revive over the provisions
OF the law of lS47 for the of treasury notes,
which limits their operation to period of six
months after the termination of the war with
Mexico. This is the length and breadth of the
criminality committed as yet by Secretary Walker.
What may be the profits of the negotiation, in
roundabout way, to the man the moon, we
don't know.
Orr FoREIGN CoRREsroNpENCE-LIB LIBERTY IN
ENGLAYp.-We continue in this days paper the
publication of the letters of our London cores
popdent " Marcus" which have alre ady created
such sensation IN this country. These commu-
nlcations probe unsparngly the gangrenous sores
OF the British government, and lay bare the fright
full corruption, which 1t Is the aim of the hired
press of that country to conceal. They complete
ly tear away the mask which England so studi-
ousy strives to wear, and exposes to view the
awful deformty that lies beneath.
Itwould be surprising if astonishment and IN
dlgnation were not created in the breast of every
American citizen, on reading of the means
taken by the government of England to suppress
public opinion In that country. To U.S. in this free
country 1t U.s. naturally, scarcely credible that men
should be thrust into dungeon land confined there
for years, for merely reading an article from a
newspaper, and yet for such an intolerable out
rage on mans liberty there is law in England
Nor is this law dead letter, is generally urged
by the apologsts of that bood-stained despotlsm,
when such enactments are pointed out as existing
on the English statute books. The fate of Rezer,
lately condemned to be imprisoned for term of
years and fined, for reading on extract from the
New York Herald, shews that those abomlnable
enacments are In full force. We trust that this
man will yet be as great thorn to the side of the
British government as was John Wilkes In his
day. and that the people, by conferrlng on him
such honors as 1t is in their power to bestow, will
show some small sense OF the ,udignity offered to
them by this vile persecution.
But, at present, we have little hope of such
result The people OF England seem to be utterly
hesotted and Supplied by the events passing around
them. They remain chained down IN the dark
ness of desolaton ard bondage, while the nations
of Europe are, after the example set by this coun
try seventy years ago, leaping and bounding for
ward joyfulIy and manfully to the goal of perfect
republican Liberty. AT every bound given by con-
tinental powers, IN the goneus career of freedom,
the government of England puts on the screws,
tighter and ughter-merciessly and more merci- |
lessly-until the people are wasted,
Marrow bones and all''
Ii will be seen, by the letters OF our correspon- /
dent. that trial by jury, which was once in England
the guaranty against oppression, is now a mere
nockery, :,nd that, from the stolid stupidity and
sefvllity of the middle classes That this state OF
things should have apoogists and indicators on |
this side of tie Atlantic, is not at all surprising,
considering that in every land there are men who
would sell the national honor for five dollars; but
that this very stupid, silly, and contemplate
toadylsm should be INDUCED in by our Minister a.
London, MIR. Bancroft, does somewhat sur
prise us. Mr.. Bancroft is man of good deal
of orgir aliiy--stroHs sound sense, and literary
atialnments of no ordinary character; and before
he left this country on his present MISSION he
had made most ardent professions of de-. a'cFaov'
We fear that his mind has been affected by the
miasma OF court, and that he has lost that strong
sey sccm for the groyelling littleness, OF which
he cannot fail to see SO many instances in his
present position. 1t unfortunately happens, how
ever, most cases, that the strongest republican
sentiments cannot withstand the insidious air OF
iorel gn coults and we are induced to believe the
easiest way to spoil is to send him on a
foreign mission. Should Mr.. Bancroft ever be,
like MIR. Cass, candidate for the Presidency,
his toadylsm of British institutions will do HIM
no little damage. We trust lie will repent IN time
EUROPEAN NEws-The steamship Hermann,
Captain Crabiree, is in her fourteenth day, and
may be expected to arrive at any moment.
The CRESCENT CITY was detained until II o'clock
YESTERDAY, at which hour she took her de-
parture for Havana and New Orleans, with l39
passengers IN the cabin, and large freight
LATER FROM TIE LA PIATA-The arrival OF a
Hamburg vessel al Boston, places us in possession
Of files Of the Conn crcio del Plata, published at
Mca,eyideo, to the 9TH of August. Although OF. OF
much later date than OBVIOUSLY received, they
contain nothing at all of interest