The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-02-26

those of an external sAarastsr and there therefore,
mere danger Of civil tran hostilitiss between
lions or all things calculated to dsrsngs and destroy
the financial commercial systems Of any nation,
the existence Of civil war ID ruinous than any
other and this going to complete the destruction Of
those foreign interests with which have heretofore
been unable to compete The effect Of this state Of
things In Europe will be, to transfer Immense
amount Of capital to this country. The reputation
Of the enormous debts Of nearly every nation, the
certainty attending commercial transactions and the
limited markets, will induce those who gather to-
gsther their to migrate to shores and In.
veet them In enterprises similar to those they have
abandoned In the old world 1t will be merely trans
fer Of place. With increase Of facilities carry
the eame kind Of business Heretofore the emigrant
from Europe have generally been Of the lower classes
We have had an immense accession to population,
without any important increase of capital Hereafter
the emigration will be of better order having more
capital and consequently Of more value to the eoun-
try at large. There never was period within our
history when everything tended much to increase
our wealth and prosperity and as We become rich in
means to extend our manufacturing and commercial
interests the supremacy Of Great Br tain becomes
duced Our position with all It's previous advantages
tofsommand and control tho commerce Of the world,
has been much improved by the movements recently
made relative to California. We now find ourselves In
the centre Of all commercial operations the great
highway between the East and the West, aud the
shrswd capitalists and merchants out impo-
verished and unstable governments Of tho old world
have already exhibited intention Of placing them
selves where they can make their means svasbls Ia
movement likely to grow out of the discoveries lately
made on the shores of the Pacific
Our public stocks have absorbed millions upon mil
10 ,ff
that in lees than three years nearly the whole Of
public securities will be In the hands of those who have
heretofore looked upon them with suspicion. This
will not only relieve present holders but 1t will compel
. large amount Of espal to seek other employment
and create much confidence in progress and in
our Institutions that foreign capital will not oondns
itself to our stocks but be employed In manufacturing
ming and In every ether branch Of industry known
an opg us. Our connection with Europe, in q COM
mercial point Of view will be gradually esssnod Our
intercourse must hereafter be conducted upon diff.
erent system than has heretofore been in operation
For our own safety and protection we must adhere
strictly to the cash system The tables are, indeed
turned few years ago, American credit bye
word In Europe Whereas now, We look upon
European credit with suspicion. II we require cash
for everything sell, and pay cash for everything
we purchase, We shall not be much affected
by the revulsions which must, from time to time,
take place, more frequently In England and on
the continent than before until they have COM
petey rostrsted and destroyed those systems which
have regulated the commerce Of the world for many
centuries Our example, progress wealth. resources,
enterprise, and property have already done to
revo!utionizs Europe. and will do more towards de
stroying those oppressive forms Of government, and
those commercial and financial systems which have
monopolized the wealth and commerce of the world
than ancestors dreamed Of and the change
yet in its incpient stages
The annexed statement exhibits the value Of mer-
cbandse imported into this district excepting that
cent to the warehouse. and the amount of duties re
oeived during the week ending the 2sd inst ssch
of the past four years
COMMERCE. Pohr OF New YoRx -WERKLY IMPORTS
1s4H. l84Y. lS4S.
Free Goode ..... L$l232a0 Sll6763 S3u66 S88l7
Dutable goods. @i0i9 l,a66E 2,a64ol Its 4S5
Total md,e ..sI.ll6 a9 Ss2,ss, s24Nos7 sL742sa
Qpano INN 80 7nf