The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-11-28

co M MRR CIAL AFFAIRS.
HONEY MARKET.

III III IN.
HONEY MARKET.
Monday, Nov. 27-6 p. M.
The stock market oceDed heavy this morning and
quotations for several Of the fsnces fell of fraction
At the first board Harlem declined ~ per cent; Long
Island, n; Canton, y; Reading Railroad, q; Erie
Bonds advanced r. The esles were not large.
At the second board the transactions were also
limited, without any change in prices.
The demand for exchange, for remittance by this
packet, has thus far been moderate, without any
change in rates. We quote the best bills on London
at So Q 84 per cent premium. On Paris, ST. IS q
g. 22ha; Amsterdam, 40 4O><; Hamburg, s51 $50;
Bremen, rs . 7s,s
the Sd to the 9th inst S274 142 previously this
year, $40 o43 sl6; making total of Sloal7 s57 from
January 1 to November ~, 1s4S.
Recent advioes from Europe confirm what we have
long anticipated relative to the progress and probable
results of the political revolutions in that part Of the
world 1t is impossible to the onward Of
the people, where they have taken into their own
hands the reins Of power. There may, for time, be
perfect state Of anarchy-civi war may rage with the
greatest intensity torrents Of blood may How and the
liberty and rights of the may be tramped on,
and their cause appear most gloomy; but their
cause must eventually triumph. Notwitkstand.
ng these difficulties and dangers and the hopes and
fears which must from time to tme be realized,
have abiding faith and confidence in
the power Of that people, and Of such prin-
cples have been sown broadcast Europe,
and believe that in time they will take root and
flourish. It WILL however, be long time before the
first bud Of promise will appesr-before the first reac-
ton takes place in favor of popular and equal rights
Years and years will elapse before order and form
come out of the confusion and chaos which
look for any immediate Improvement in the political
affairs of the continent, will be wofully disappointed
and those who think that the worst has been expe-
risnoed will soon change their minds Europe is just
upon the of the revolution and the ments al
ready made utterly Insignificant, compared with
events yet in the womb Of time. The elements q
yet in state of transtion they have yet def.
mite course Of action, and has yet appeared
capable Of directing them. Republication is something
new on the other side Of the Atlantic and the people
have yet 10 educated that they may properly appre
ciats the value of such principles Another generation
must be nurtured with such feelings, that Q proper
bias may be given to their minds, to enable them to
act understan dinghy when called into public lifs We
have little oonfdeeoe in the ability Of the present gen.
Grafton to establish and consolidate republican form
Of government They have commenced the revolutions
which must ultimately result in all that the best repub
Ncan could wish; but that revolution will continue
without form shape until another generation which
has never been imbued with monsrchical principles,
submitted to the power of the Thrones generation
that knows NO other system Of government but that
they will have instilled into them-whose energies
will be solely directed to giving force and strength
that system comes into the Of public
life. 1t is too much to expect, that An immense
population, such ss exists in the heart Of Eu-
rope could at once abandon oil these principles which
have been their guide, and adopt those directly
opposite, matter how much favorable to their
prosperity personal privileges Such . revolution
sentirey out Of the nature Of things, and there
ore look further into futurity for the result than
ew weeks months, or years.
In the meantime, what will be the condition of Eu-
rope what the nature Of the transition state This
can be answered in few words wars, national and
civil and all the evils growing out Of them and the
greatest anarchy and confusion In all the 60
vernmeEts, will for q long time exist. COM
plete revulsion in all financial and commercial
AFFAIRS utter annhilation of all public indebted
ness all systems Of taxation, all treaties all acts regu-
lating commerce with foreign nations, and such .
complete prostraton in every thing connected with
public affairs must take place. and nothing short of
thorough organization bring them again into
shape, upon proper basis Amidst all these move
ments France occupiesa very prominent position. 1t
Is highly probable that Louis Napoleon will be elected
President In that event, the policy of the French
government will be pretty clearly defined. Louis Ma
poleon, successful will be elected solely on account
Of prestige Of the name, and, to the party
created by that, will adopt the policy of his uncle,
and revive all those bitter prejudces against England
and the principal continental powers. It will doubt
less be his aim to give France the glory and
same military spirit which made the government Of
Buonaparte msgnifcent but whether he will sue
coed, is another thing. He WILL without doubt make
sufficient progress to involve the whole of Europe in
general war; In the present state Of the public
mind more terrible than any ever yet experienced-a
general war; which WILL in connection with the deyas
tatng civil wars make Europe universal slaughter
house.
In the midst Of all these scenes what proud and
prominent position the United States will occupy -
Separate by than three thou'
sand miles wide, look upon the discord
and tumult which will rage terribly in Europe,
calmly, coolly and dispassionaely; feeling confident
that the result must be the extension and onsodA
ton of republican principles, and the formation of
governments out Of the ruins Of the old that will per-
petuate institutions and give life and liberty
millions who now are literally starving in slavery ST.
tuated a. are the whole world Will have to
for aid and comfort granaries will be req uired to
feed the nations Of Europe raw material req
to cothe the Naked ships to transport the various
products Of the world to their shores our ports will
have to be opened wider than for those fleeing
from oil kinds Of oppression and cities win become
the location of large portion Of the immense OF
capital which Is boarded in Europe begging for
some kind Of employment. We have already seen
movements made to transfer capital this country
by the purchase Of public securities and the visit
Of Of the members Of the Paris branch Of the house
of Rothschds, is undoubtedly connected with the