The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-02-26
CO n RClAL AFFAIRS.
MONEY MARKET.
Sunday, Feb. as

Sunday, Feb. ass PM.
The accounts received from sll parts of Europe by
the late arrival, have thus far, had nderfu
influence upon the progress of events in this
and as everything on this side Of the Atlantic con-
neoted with nanois and commercial affairs emsustes
from the emporium Of the Union the impetus given to
things here will spread all the Western world.
This Is the grand starting point for oil commercial
enterprise and consider the intelligence received
from Europe by tho last two packets being Of cha
rsoter calculated to create greater activity among all
classes, and give us greater supply capital for
ployment In branches Of industry that will rapidly
develcpe resources and give strength and per-
manency in our pursuits, to extent greater than
before experienced. We have, heretofore, felt
sverely the want OF capital most important int.
rests have, from time to time dropped, and many
have drawn along o weak, sicky existsnoe, wholly
for the want Of sufficient capital to give them health
and strength. This difficulty Is in fair way OF being
removed The prospect At present is, that shall
coon have capital in quantity seeking investment
In the different movements Of tbs day, and which will
enable to compete with all nations in the principal
markets Of the world.
The revolution in the political affairs of Europe and
the doubt disrust attached to the present position
Of things on the continent, have completed great
revolution in the minds of capitalists relative Ame
sioan securities, in the opinions Of the
tive to the old form Of governments The dynas.
ties Of Europe in state of decay There Is at pre-
sent every appearance Of permanent peace but there
are below the surface elements at work. which will
assuredly undermine the systems which now sustain
the different interests, and in few years, shall
them all tottsring to the ground. We do not look
for engthsnsd hotities between the great European
powers-we do not expect any open revolution with
IN the limits Of any European government but
We look for deeprooted opposition between the diff
ferent classes, between the different industrial pur
suits that will cease until the power and pros.
perty Of each destroyed 1t will be impossible for
the extreme interests Of the extreme classes Europe
70 become reco there Is feeling of hostility be.
tween them that has long bsen chronic butt has been
smothered and lain oudering in the breasts Of the
oppressed The flame burst forth in the shape Of Q
revolution which destroyed the thrones Of several
kings but 1t has for time been extingushed and
time all will be apparently quiet The masses have
tasted the secrets Of power and they will again
tsmely suffer IS they have heretofore There Is
ourity for property In the old world, amidst the
changes which going on. 1t is impossible for capt.
tasts feel that confidence In the safety their in
vestmsnts for commercial to enter into their
pursuits with much energy and boldness a. whom
they feel apprehension for the stability Of the GO
vsrnmsnt to which they look for support and protsc
tion.
,noresss Its commercial prosperity. France IL hope
lsssy bankrupt. The people osnnst support any kind
of government without repudistng the present debt
Every ether power the continent, except Russia,
must resort TO repudton to relieve the people from
the enormous taxes which are pressing them to the
Garth. Independent Of this, the political complexion
Of the revolutionary countries 10 by ne means agreeable
to the They dissatisfied, and will ere long
show by some act they will sweep away the systsms
the temporary governments striving to establish.
Great Britain Is BY means free from these evils
Changes are not brought about In England, In
the same way they upon the continent, but
they are more permanent and more important In
their effects. The people Of Great Britain have
an obstinacy determination Of character rela-
tive to political reforms against which no power can
contend. Their apparent Indifference, and their
long suHsring has induced the government to adhere
to and enforce which other people ndsr
ths sun would have long and quietly submitted to
Even this must end There point beyond which
pearsnos to be vrtus and the people Of Eng
land Ireland and Scotland In looking abroad rest their
eyes upon this country and compare our happy, free,
growing, and prosperous condition with their own
weighed down with taxation, and the comparison IL BY
go calculated to increase their loyalty, or In
their love for the under which they
live. Such . comparison ID more dangerous to the
permAnenoy Oh European powers tnau snysninB eissi
and to this attributed the restrictions which have
from time to time been placed upon the circulation Of
papers from this country.
There IL prejudice among the Of Europe to-
wards their and this is likely to in
Grease and become bitter. There IL very little
danger Of rupture between the different nations Of
the old world; there too many local difficulties In
sxtence, to enable them to turn their attention to