Washington telegraph., 1848-01-19
from the Ne,o York Sun
THE NEWS BY THE HIBERNIA.

THE NEWS BY THE HIBERSIA.
The u, shy the Hiberniu though indesiug for
the moment a ealmet state'of things in England,
betrays through that calm deeper roitenness and
ruin than could b. fathomed while the storm OF
bankruptcy was at lis height Bankruptcy itself
has lost all power OF excitement, aud the long lis,
Of failures since the last steamer is regarded as
natural consequence, the convusiye femof that
runs out irom a heaH.spasm 10 the extfemites -
The Government has tukrn from the Bank Of
England the privilege !, granted Of increasing the
rate oi interest from SIX to aine per cent, gold aud
silver hre flowing IN by millions from the U. States
toEngland, aud the Bank has materially lnereas.
ed It's bullion, yet prices in all the markets arc 90.
ing down TO a point unparalleled in English com.
meieiul history During the nine per cent era of
the Bank, upwards of l2O railways suspended op.
Grafton lfom inability to raise funds, and all trades
aud manufactures suffered In their ratio But tho
return Of the Bank toiis old stand brings no relief
lhe influx ol money seems 10 be absorbed by an
invisible power which moeks at the ealatni,ies Of
commerce aud trade. Lord Stanley, n leader o.
the pfolreionss has declared thu, all this distress
is natural that the principle of iree trade in such
country as Great britain cannot stop short of re.
dueng prices TO the absolute ruin Of the vital ia.
tefesls oithe nation, The doctrines preached by
Golden over Europe come home to crush the mef.
chants Of London aud Liverpool, 10 cut down the
prices OF American corn aud cotton aud drbilitalr
every department Of trade. Lord John Russal,
Chancellor the ESehequeT, bamrs the Corn Spec.
ulaiofs for all the bankruptcy aud rum. while, Il
viii be remembered, his government, stimulated
those very spseulalofs by pretending thpfe was
scarcity Of food IN the world Even the Queen
gave the cue by fastening her household on "iina
midangs' What mnre natural than for msf.
ehas TO speculate "a eorn aud be ruined when rn-
onuragrd b. the nod offuyalty itself Within IT.
teen months the spectators ai Great britain have
purchased corn 10 tbs value Of cal u1u 900. \
large portion Of Il came from The United states, aud
much u Which has not been piii Tor aud probably
never vii be. AH admirable article from the In.
.fpae Mai IA ihs paiHi aud the TraiunR. Vf the
Lords Of the Treasury, oyofihe tide uf gold pour.
ing in from America. vii be found IN another col.
nmn The Mail bal1ly charges lis government
with having prepared the maTket 40 as 10 get our
hfeadsiuiis, credit, aud nov having iaiIrd 10 nay
for thtm, 10 honor the drafts Of our merchants vim
bought Enflish manufactures upBu the slfeu 9Th Of
ibeifto'n shipmrnls. II Hsks IN rs the Hzsl ulsH.
ton 10 carry aul this swIndIe aud frnndatr the
iHdsbtrdnsssl Aud 20 what Wui ,H til m. s|ta=
bic frsult==shy that the Aihsfeans NIll rtaliaie
by friuainF 10 pay for ihr goods they have bought
Tins seems natufni CONCLUSION, but We can as.
sur the Manufacturers aud merchants Of England
thai the Ampncaas act on a higher principle offe.
yenfe. They will net turn sNtnIiefs b.eaass
England sells the stamp'r-=ihry wIIi pay every
fafihInF they owe, and are naw srnd.ng gold and
.lIssf TO cover lhrif dIshonnfsd bills bat EnHland
never eau psfpsuais a srcond swindIe Jonathan
only be cheated once BY credit; aud after that
he ssl.s 'uf ssaA ~ And LEI famine sRsrp aver
hHlzin again, and unlsss ssud 10 rhauly, not
husHrl Of gfain leaves shoHes iil il IS nald Tor
TIM Ni be AmrneaH revenge Tnu. FAR the d.
talss Ia Parliament amounting to nothing IN the
waY Of ifriisfl have been upoa the nailaas dsifsss
ana the lfsh Cosfulan bill This IN Nli pass
snislnnsa Il may seem, lein OCsiaurll voted
with the ministry ia it favor. Al tie last se.sian
It sas defeated with Daniel q conneIl ai the head
Of il oppaasais Thus is Ireland defended In
Ireland, fsminr and sioenes continue their waTk
aud drsnlaiiun, hoaff .hsadsd IN mat sIeru lsls.
every Nhefe triumphant She has no ehhmpian
lstespah= Of comRfahsndas hsr indfmili,s, her
m.sffirs aud her sii iairni poErt saoh q man
wi Il tfise aud tir 20 feian y mas b. his era.
de. untts Couuusnl, the evil N.f "a swassf.
faaf faud the movements of lialy are Of psfs.
msunl Interest. Tn government parry ln sat.
Iefiaud have prevailed every where. the Sender.
huui tiuions yielding n i,oIia ,ifugfi- There
has bssl no Interference by surrounding powers,
and tho property of thr leading Soniribnndsis hs,
brrn nhscsird by the naioral as.rfnhly. Italy
hslraiily moving forward. her slaf gfgwlug bright.
sr with each step. Thor IS little irst II h-f not
accomplishing the freedom she seeks Our sum
mary ofnrss will give much that we have no
space ol Eiionally to alude 10.