The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-24
New York. Monday, january "a, ls4s.
The Great Commercial Movements OF the
Are.

One of the most singular, exciting, and inte-
resting studies TO the mind, IS that connected
with the great commercial and financial move
ments or the age. The origin, rise, growth and
progress. In consequence of those movements;
the principles which regulate their action, and
the tremendous results, bot for veal and for woe,
in wealth and bankruptcy, TO which they lead,
are of vast consequence, and belong to the great
features of civilized society In the present age.
They are, too, more interesting at this period
than they have been for tho last five hundred
years.
The principles of commercial action which
have created such great capitals as Liverpool,
London, Paris, New York, and others, have
been hitherto much the same the principles
which, in the middle ages, produced Venice,
Florence, Antwerp, Bremen, and other great
cities, now entirely eclipsed The glory of
Venice and Genoa has, however, departed-the
glory of London, Liverpool Havre, and other
great cities of Europe, will also depart; and by
the irresistible revolution which has now COM
menced, springing out of steam and electricity,
nothing can prevent this great metropolis, New
York, from being the centre of the commercial,
as it will eventually be, of the civilized world
Those enterprising men who built the palaces on
the Grand Canal in Venice, now Wondering in
ruins, and only visited by travellers to their
old paintings, are a natural emblem of that sys-
TEN of commercial enterprise, and sagacity, and
science, which sprungupion the revival Of civil-
cation in Europe, but which has been multiplied
and extended at this day, when it de-
veloped in the m4goifcence and wealth of Lon
don, Paris, Liverpool, and other great CONNER
cia mars. But their day has come We are on
- l., &c de.elop-
ment-produced by principles and facts that are
Miraculous, and which astound the minds Of
all--steam and electricity.
These remarks have risen up naturally in our
mind on reading the last London journals, and
comparing their ideas with similar ones In jour
mails from some of the remote and distant States
ofths republic.
Since our return from Europe, we have given
several comprehensive and leading views OF the
commercial principles and the commercial
cliques that govern the trading affairs Of the
world, and particularly in reference to the Bank
of EngIaEd and the great inanciers OF London
the Blrings, Rothschids ana others-and their
control over prices and values, through their
power over the bullion Of that institution, and
the bullion of the world The articles contain
ing those views have attracted great attention in
Europe-morc than ever we expected they would.
Os thcir fret appearance in London, in the CO.
iumos of the Nelo York Herald, they were re
published at full length in the Morning Post, of
London, tie principal organ of the conservatives
ofthat country. Alter public attention was direct
cd to them, they were republished in the Stand
ard, Herald, and other metropolitan and provin-
cal prints, and commented upon with more or
less intelligence, US will be seen by the hume
rous extracts from those journals which we pub
lish in this days paper. The truth of the views
which we ascertaued while in Europe, and the
principles which regulate commerce and finance
there, being thus acknowledged and admitted on
the London 'clarge,as well as the West End, by
the Bank Of England as well as in the fashiona-
bic clubs GROUND Waterloo Piace-the London
Times, in order TO do away with the effect of the
TRUTH and the puugency of the arguments of the
Nelo York Herald, ventures TO come forth and
quiz, and satcrlze, and rdcue, what is well
known to be truth and fact in London as well as
here. But this ia not all Those articles which
appeared iu the Neio York Herald, both under the
editorial aad money market heads, not only at
tracied the attention Of London and England,
and throughout the country; but on nearly the
same dey on which we received the English and
continental papers containing these comments
IN the Ne3D York Herald, from the banks of the
Thames, we receive similar journals, comment
ing upon, aud admitting their truth, from
the banks Of be Mississippi, at me remote West.
We alude 10 the HernH Of Princeton, Illinois,
from VIII oh an extract is published in this days
paper. accompanying the English extracts; with
this simple remark, that no broker in Wall street
writes articles for The Neio York Herald II you
were TO take one half of the brokers in Wall
street, and put their heads togetherc ondense all
theirinirllett3 in one--we doubt whether that
intellect SO condensed. would be capable of wri-
ting articles lor tho Herald. II these articles
are entitled TO great weight, they are go entitled
from their truth onl accuracy.
w desire oar commercial readers, and all en-
gagged in financial affairs 10 ponder on those ex-
tracts from he English, as well az from the Anne
r.c.n popprs, relative to the yicwsw which we have
heretofore given on heprlnciples, and practices,
and mga, ihlt regulate the great markets of the
world. Az hrs moment, the money markets of
fe Cnited Sates, and commercial affairs gene
rtly. are in q most interesting and critical con
sit,on. Following out the views which we have
given ou This suJtc.-yiews which are admitted
10 De correct on the London Change, as well as