The New York herald., 1851-12-20

81 500; No. 10 do do $3 954 $780, No g. "a do do,
DO do, sss6i, s2loo No H. 20 DO DO, ssse1, $1,000;
No H. 20 do do s4ea9 So $780, No. 49, "a DO. do s4649
$2Soo--tots, s66o4S $a7,4oo.
This affords another evidence of improprety Of
permitting bonds and mortgages to be taken in part
whole, a. security for circulating notes.
All classes, political, religious, financial and CONNER
ca appear to have conception of the result Of the
movements going In this section of the world They
have all cast themselves into the tide the current
fa.t bearing them onward The power appears irresis
ible, and disposed to oppose 1t there is
sort of charm in the influence brought to bear, that
fascnates every and governs them to its
will No to know where all this may
lead what will be the consequence Of the course the
is pursuing The public mind has been seized
by master spirit, which is forming it to meet its
purposes Every sect every party every class from the
lowest to the highest, have been mysteriously capt
vated-they know not how why, what, will be the
result The spirit prevails in Congressn State
legslatures-in city councils churches with women,
and children in fact 1t is all pervading is found every
where, and gives complexion to everything 1t would
be well enough fer those who deeply interested in
these movements pause and look below the surface
take the second sober thought and look little be-
yond the present excitement. They will, by 30 doing,
see enough to alarm them, and induce them to put
their affairs in proper itste to meet the approaching
crisis. The proceedings Of Congress in relation to
Kossuth faught with danger; steps have already
been taken which cannot be retraced 1t will be some
little time before ,hs the effect of scts but
those who look closely into the political state Of
Europe cannot resist the conviction that will be
PEELED to play prominent part In the great drama
about being placed upon the European stage. We
have already become party we may not be required
to take active part in the contest about
but the moral influence shall exert win be immense,
5snd have doubt the course Of events in Europe
win be accelerated considerably by the policy pursued
by Congress the people OF the United States IN
lation the movements and mission Of the great Hun
iarian.
We essentially practical people; but in this In
stance we have been led along blind with excitement.
We have net, with usual caution, calculated the
cost and 1t may be than at this time
estimate The people Of Europe have everything to gain
by Political financial and commercial revolution. The
governments those involved with those governments
and their public debts have everything to lose The CAPT.
taets Europe do ubt look upon ceilings
this country In relation to the political affairs Of their
governments, with fear and trembling; and well they
may. whatever may have been the result Of the
ments Of Kossuth In Great Britain, 1. would have
qured longer period for developement and the effect
might have been comparatively partial, bu. for the
incentive given to liberal principles by the sympathy and
individually provide the sinews much the bet
teri the effect will be greater and the result speedy
1t will therefore, be attributed to the people Of the
United States whatever movement may be made In
lutonzpg the political affairs Of Europe. The effect Of
this moral aid and support, upon our political relations
with European governments question for after
fidera.ion At present, have not actusly compro-
msed ourselves The President and hi, cabinet Con-
grss and the House of Representatives, can on
cAlly and individually and undoubtedly have right
tohonor Kosouth in anyway they plee but they have
night 10 infringe upon treaties or implicsts
government in the and turmos Of
tioDs with which at peace. In the first place
there necessity for doing, and 1t is question
ni' would not impede rather than advance the cause
which every this aide Of the Atlantic Is deeply
interested I'm. As much as would deprecate any
movement calculated to retard the progress Of liberal
principles in every sectio Of the world should oppose
every act tending to destroy the obligation ofreaties
any deviation from the policy long prsctsed by
government. The people will do all that required TO
accomplish the object In view. Political movements
from this time forth, will be less regulated
by this grsa. question. IL will nsnuste itself in
local ard general elections Il will become part OF the
creed Of oar ro.tiesl asTissnts Sonntervention will
hereafter be the wstsh-word, and shall hud II pro-
rreny engraf,ed upon the Of re2ubllcanism. II
will constitute impartsn. item in the platform Ia
down by each poitisal party, and no uan can obtain
the popular vote Ter any leading position who Is not
right on this question This Is the political sspsc. o.
this matter; ard The excitement has hardly yet CON-
ntreed viii stsorb s,sTy other public question and
taa to ersssaG ices no. dreamed CT by the financial
and commercial classes.
The next revolution revusicn In Europe, will
not be like the last any prsvou. one. 1t
will not be c;nhned to France os Hungary, but
will be quite general and It would not surprise US II
there indications dem oasraons in Great Bri.
tain OF omioous character. The whole of Europe
ress q. this upon political volcano which may
uphssve at any moment Our ultimate financial coanec
tion with Europe sves vast TO all signs Of
times but very this side Of the Atlantic appear
TO ti the dangers hanging them. Things
80 here though the future full Of promises
though the prosperity erjoy was permanent-but
they made greater mistake In their lives There
has not b. peiod in the commercial history Of the
country when necessary TO be prepared for
scompie,e pfosrston OF credit, and total derange-
uent Of sl commercial tystems political revolution
in Europe would, Of course, bring about all the
etmtant eyis and should be .erous sufferers by the
dtsttuctien markets abroadby the food Of foreign
merchandise teehng markets hereby complete anni-
hsiion Of the leading banking and exchange houses
the Continent by the discrejt Of all paper money,
and by an utter deraBgemen. of all the machinery
a commerce. All taese would bring disaster and
distress directly upon these who are intimately
eonrected with the financial and sopmerciA adairs