The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-11
Arrival OF the Standardization OF Eu-
rope-Further Prospect of an Ezra or SPEC
sulation-Elsc In Cotton and COnsois.

suiation-risc In Cotton and Consois.
We publish, in another part of this days Herald,
as much Of the European news brought to this
country by the steamship Cambria, as We were
enabled to get by telegraph yesterday. The ac-
count is rather meagre; blu, we shall place the news
in full before our readers tomorrow, for we ex-
psct TO receive, by mail, our foreign exchanges
and correspondence in the course al this morning,
The intelligence is exceedingly interesting aud
important. There is no danger Of war breaking
out between Turkey, (assis,ed by France and Eng
land) on the one side, and Russia the other, in
consequence of the demand of the Emperor Niche
las for the extradtion Of the gallant Kossa,h and
his associates. British stocks, II appears, are in
eressing in value, which is among the best symp-
toms of the continuance of peace. The Gar, no
doubt, wished to sound the public pulse Of Europe,
and try what little buster would do but having
seen such a unanimous determination among the
principal powers resist his pretensions by force,
If no other plan would succeed, he has wisely de-
ternined upon not facing the storm, which perss-
lance in his extraordinary demand, or the carrying
INTO effect his designs on Turkey, would unques-
tionsbly cause throughout the whole OF the Old
World. In fact, we never expected for a moment
thst he would push his demand to the extreme
point, when we saw the course which England and
France announced they would pursue, In the event
Of his considering the refusal Of the Porte TO deli
yer up the Hungarian refugees u eams behi, and OF
his carrying out his threat
The most interesting point connected with this
intelligence is the further advance IN the quota
lions for cotton in the English markets THIS is a
matter Of extreme importance to the whole United
States, and to the South in particular. II the adj
vsnced rate continues for short time, 1t will be
more valuable to the varied and multitudlnous in
teress Of this country, than the product Of the gold
mines IN California for year The influence viii
be felt in every city, town, and village in the
try, and will tend to encourage and promote the
spirit Of speculation which has just awoke, after
period Of repose since 1896 and 81. Both consols
and cotton have advanced ia the English markets;
and those two commodities have been, In times
part and are at present, the great levers Of specu-
kiion - the great Archimedean screw, which
moves and exats every thing IN the speculative
world.
We have, on a fsmsr occasion, referred to the
course which things have taken within a few
months past, on both sides Of the Atlantic, and to
the great probability which existed Of our being
about TO enter upon scenes Of speculation similar
to those Of 1918, ls2G, and 1856 and %. The in
we learn by thus arrival, will tend to expand and
give strength to it, and bring nearer to us that
wIldness and RIGHTEOUSNESS which it assumes
when 1t becomes uncontrollable-as well as that
devastation and wreck Of fortune which invsria-
bly, follow all such unnatural and unhealthy eK-
cItements The prudent will take care to be eau
iious the silly will sink, and be ruined.
STUrTNDous FRAUDs.-The exposition published
in the Herald, yesterday morning, Of the affairs Of
the Protection Insurance Company, the State Bank
Of Morris, N. j., and the Susquehanna County
Bank, Of Pennsy lyania, has created tremendous
excitement IN Wall street, and a great Guttering
among the parties interested We have been busily
engaged in further investigation Of the swindling
operations Of this nest Of SPECTATORS and have in
our possession the names OF all concerned. As
coon az we have probed the affair deep enough, we
shall give the history Of Of the most stupendous
frauds ever perpt sfated in this or any other COM
nBniy.
Too LArE.--Col. Webb, IN yesterdays Courier.
makes deliberate move on the political chess
board, in favor OF w II. Seward foIths Presiden-
ey. All very well but he happens TO be too late
Downing and the "coored gemmen" have prior
Slam upon the little Ex-Governor Their ticket ls
Vs. n. sswssp, (free shit. mani Of New York,
For PRECEDENT
T,sprsfcr Doroiss. free blsek mani Of Ohio,
For Vice President.