The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-10

lar TO what we have descr bed possible on this
side of the Atlantic. The great capitalists in
London--the Earrings, the Rothschllds, and some
twenty orthirty other houses-control theBa Of
Eoglsnd and all its deposits, and through that
great instrument, control all the other banking
institutions, merchants, prices and commodities,
in the commercial world. They even control
the government, for it was the requisition Of
those capitalists in London, which caused Lord
John Russell 10 permit the bank TO violate its
charter, and induced him to call Parliamen, to-
gether. They are still engaged in the same pro-
cess, and we should not be at all surprised TO see
other parties engaged in the same line of business
on this side of the Atlantic-to see the capitalists
here endeavor to control the action of our GO
vernment, and bring down the prices of our
staples and property, in the next twelve or sixteen
months, the same way that we have seen il per-
formed in England They would then buy and
hold for higher prices.
With all these symptoms of trouble ahead,
We therefore recommend all persons in bust
ness TO take in sail in time. Those who live
extensively, occupy splendid houses, and ride in
magnificent carriages, with fine horses, would do
well TO measure their expenses by their income
TO calculate their capital and profits, and prepare
for the trouble that may be ahead. In the upper
gions of New York, the palaces, which are filled
with fine and splendid furniture, and those which
are building, surpass in beauty and magnificence
those of any commercial city in the world, of
the same extent. There is nothing like them in
Europe yet, if the intimatio ions which we gather
from the seeds of the future, come out as they ap-
70 ha 81, h. all
prised to see many of those splendid houses, and
much of this rich furniture, and some of those
elegant carriages and superb horses, selling off
at one-half, and perhaps less than half price, in
less than eighteen months or two years. Be wise
in time-be prudent to-day.
IMPORTANT Political MovEMENTs-GENBRAL
TAYLOR The movements in relation to the Pre-
sdency, both in this city and at Washington, and
even in Albany, begin 10 be extremely interest
ing. We more particularly refer to such as con.
Germ General Taylor.
1t seems that the Young Mems Wing Commit
tee of New York, have rejected General aylor
in meeting on Friday evening last, in the most
unhsndsome terms, the particulars of which we
have already published. SINH ar efforts to pu,
down movement in favor OF General Taylor
nave been m de at Washington, and are, as we
ar given TO understand, also going on at Albany
The friends .f Mr. Clay are moving heaven and
earth to Dust General Taylor from the Wing Ma
tional Convention, and to destroy his chances of
success there, before that great body shall have
met.
In this city, both the wing committees are
deadly opposed to tho hero of Buena Vista, and
go strongly in favor OF Henry Clay 1t is most
.l~~, 81, 81, 81
matter into their own hands, and we should not
be astonished five were to see, at the great pub
lie meeting called on the 22d of February, for
the purpose of nominating General Taylor, at
the Tabernacle, new organization Of the whig
party attempted. 1t would be good thing if
general committee of three or five, from each
ward in the city, were chosen, who should
make complete organization OF new party,
whose object ehould be TO make General Taylor
President. 1t would be possible, by some such
means, TO put down the now called wings, and
to organize another party, which would carry
everything before it.
1t is evident, at all events, that the old wing
party is in a complete state of dislocation and
disorg snization. The position which Mr.. Clay
has taken upon the Mexican war, will not be sup
ported by the great mass of the people Of either
party, and they, therefore, will not, under any
circumstances, support him for next President,
in opposition TO such man Gen. Taylor.
The probability Is that the wings in the Legis
ature at Albany, are as equally dsorganised and
divided as the wings appear TO be in Washington
and in Congress. But while the wings in these
two legislative bodies, namely-in Congress at
Washington, and in the Legislature at Albany
are quarrelIng and divided among themselves
we think it would be best that the people should,
at the great mass meeting in this city, take the
matter into their own hands, and organize and
establish new wing or republican party, which
would completely annihilate and put to rout the
old party. and elect Gene raj Taylor, without any
reference to the old factions.
This would be decidedly the best policy 10
pursue
NEW AND SPLENDID BUILpINes.-The num-
Der OF elegant structures, almost equivalent TO
palaces, which are erecting in this city, around
the upper region of Broadway, is really astonish
ing. The high prices of breadstufis, cotton, and
tobacco. last year, has produced, and is pro-
Jr,;no wondavfpl eAec,o he