The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-08-28

vehement ard whatever success the govern
ment may meet With in putting down all hyscal de-
monstrations, 1t can smother the voice of the
people, hush their complaints of wrongs realized.
II is not impossible but that the has alrea
dy become satisfied that concessions must be made.
The military and naval preparations the alarm
erected by the concentration ofsuch force the
tipued excitement which the financial and CONNER
cial casses Of Great Britain have experienced, and
the ruinous effect of the agitation Of such question
upon individual and publ, credit calls for
remedy and the only one which can in any degree
guarantee successful removal ef the evil is concession,
liberal concession, the part Of the government and
the peope Of Great Britain. We do not intend to
detail here the which have reused the people Of
Ireland to rebellion to point out which has been the
most grevous say what essions would satisfy
them but the government Of Great Britain cannot be
blind to the spirit of the age, be Indifferent to the
influence of the course pursued by the people Of
Europe generally. Nothing in the world but the alb
of that unanimity which has characterized the
moveme nts Of the people Of France and Germany, in
the people Of Ireland, has saved the throne of the
Queen of England and the kingdom from as thorough
a revolution If the Irish consolidated in re-
dressing their wrongs they are combined in perse
cution nothing could resist them and they could die
tate terms to their oppressors but we have been dis
appointed this have therefore arrived at e con-
clusion that whatever concessions obtained what
ever wrongs redressed will mot be wrung from the
government by physicrl force power equally potent
which works its way silently and noselessly and
is irresistible, will, Perhaps speedily work out
a political revolution in that country and prevent
that effusion of human blood which civil is in
variably attended with. Although advices by this
steamer have been of peaceful nature the course
the government was pursuing calculated to check
the progress Of the rebellion, we know not what
another week may bring forth. We know not what
may be the complexion Of the next accounts : and
farther intelligence from the of war will be look
ed for with much interest If the organization has
been thorough as represented If the clubs carry
out an iota Of what they have to If there are
still left leaders in whom the people have confidence,
and who are equal to the emergency, we may have
yet exciting news When the flames are apparently
extingushed they may break out with renewed force
and sweep away every thing in their course.
The commercial intelligence by this arrival does
not amount to much. The reports Of the various
markets are by no means unfavorable, neither aye
they of attering nature The unsettled state of DO
litca affairs the continent the delicate position
of the most important powers in Europe, relative to
those which engaged in hostilities has created
sepsitvenes in financial and commercial circles
which has an injurious effect upon the markets.
generally, and retarded, in a measure, the restora-
ton of public confidence. We cannot expect any i'm
portant improvement in commercial matters until the
peace of Europe is guaranteed until industry is per-
manently re-estabshed, and the financial system of
these countries properly organized Before these i'm
portant and desirable events realized there may
be frequent favorable changes in financial affairs
they however, cannot but be temporary and the pre-
vious depression will invariably return. We have no
r;e1; ,go
dence in any improvement which is not based upon
sound and legitimate principles of trade.
The state of the markets in Great Britain is at
this moment subject of anxious solicitude. The
ather for days previous to the departure the
Britannia had been very unfavorabe for the growing
crops, and fears entertained that much damage
would be the result 1t had not been settled that the
disease to the potato had become general very
disastrous in sections where it had appeared but the
accounts which have reached us by the last two or
three steamers are sufficient to satisfy that very
important deficiency will exist in the harvests of the
United Kingdom The state of prices in the principal
markets criterion of the feelings Of Spectators
The time has not yet arrived for prices to feel the
effect of an universal deficiency in the domestic supply
those who regulate this trade not quite
for upward movement. We have frequently
shewn how arbitrarily this trade is governed in Eng
land and how few in the regulations of
the machinery necessary to raise and depress prices
The stock Market during the past week. has been
comparatively quiet Prices have varied but fraction
from day to day, and the transactions have been
almost entirely confined to the leading railroad fam
ces. 1t can hardly be expected that specuations in
stocks Of any kind will very high during the alb
sence of so many large operators during the exist
ing scarcity of money. 1t is, however, impossible
in the face of these adverse to de-
press prices much below the present standard; and
such is the steadiness with which quotations are
maintained and the hrmness of the market generally
that disposed to believe that any change must
be for the better Prices for most stocks have been
depreciatng for the past six months AMI many for
the past year. The revusions and revolutions which
have been experienced within that period have weigh
ed heavily upon the market and depressed the value
of every thing The bottom has been touched and ms
the elements of prosperity have again assumed a
healthy appearance there is every prospect of steady
improvement in every species of property from fancy
stocks up to all most staple products Money is de-
cidedly more abundant than it few weeks since
and there no doubt but that it will continue to in
crease in quantity and decrease in value If this is
attended with return Of confidence we shall soon be
more in the proper path, and all our embarrass.
ments and losses will soon be forgotten.
CITY TRADE REPORT.