The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-10
The DETAILS OF THE EUROPEAN NEWS.
OUR FOREIGN CORRESPONDENTS,
Sc. &C., SC.


The AniiPop9y BW Despisei and Passed - Il
Funny d6ar on Hl,n-Erpectation on Iiptoe to
SEE the End of it Threatened Commercial CRISIS,
&C., &c.
The trite fable of the mountain in labor is lite
rally applicable to the tolls and throes of the British
Parliament to put down the Pope and Cardinal
Wiseman in England The bill to this effect. called
the Ecclesiastical Titles bill, passes the House to-
night on its third reading, and excites now, out of
doors, very little more attention than a nmon
turnpike bill What end to all the threatened
action of Professionalism in danger The synod
called by Dr. Philpots, the Protestant Bishop of
Exeter, and now sitting in the cathedral church at
Exeter, creates much more excitement in the public
mind. This synod is, in fact, nothing more than a
nulying convention Of priests, called together in
the State of Exeter, 70 resist the decisions of the
head of the church (the Queen), and of the Arch
bishop Of Canterbury. The Queen, in council, and
all the heads of the church, decided against the
Bishop after long litigation before other and nfe-
riOr tribunals, that he (he Bishop had power to
turn clergyman of his diocess of his living for
not adopting the Bishops views of what is called
bapt:mal regeneration. The Bishop maintains
and e4uires all the clergy under him to maintain
that an infant by the ceremonial process of baptis
at the font, performed by the hands of a person
Il
cially descended from stroke of the hand Of ST.
Peter, is then and thereby regenerated or BORN
again, and receives the Holy Ghost, The whole
object Of the do ,trine is, TO make a mere ceremony
OF the church, and its priests all efficient and
almighty 10 salvation; and thereby, as of course to
make the church a.d the acts of its clergy al ghty
too. Ire head OF the Church Of England, with
her councillors, without deciding upon the doctrine,
decided that Bishop PhIlpots had not the power,
which he claimed and -csed, OF refusing to in
slnnrl Ia al.tfwu
scented TO him. Hereupon, the militant Bishop OF
Exeter-the very man who claims paramount al-
thority for his church, aud imp,it obedience from
all its inferior mem bers-turns round and re oels-he
himself-against the head of the church, and
against bis superior, the Archbishop Of Canterbury
and a. serts that he, the Bishop in his docess,
sttutes an independent power and church, (thus a.
sertlng the very doctrine of the Independent Dis
senters and, In defiance of tue remons frances of all
the authorities Of his church against its legality de-
termines to call synod of the clergy Of MS docess,
to ratiy and assert his authority and his doctrine,
IN spie Of the QueeR-the head of the church-and
of all the ecclesiastical authorities over him Such
Is a plain exposition of this singular affair and
schism in the Church OF England, established by
law. All people rel gious, and
rlous-are on the tptoe Of expectation, TO what
the Bishop and his synod will d., and how the funny
affair viii end.
1t is now Just such summer weather as you have
IN New York; the heat is just as oppressive. The
country looks char ming, Ike garden, the crops
OF al kinds are promising, the farmer looks forward
70 rlcn harvest. the ldbOrer Is c)nteuted, Tor
bread AM beer cheap ali Is faterng and pleas
ing, except to the Lon Ion tradesman-ruin be-
yond all doubt, stares Inn in the face No
had an idea, when first wrote 70 yol stating that
the Exhibition was an injury 10 trade, TO what an
extent that injury was going to proceed. IL now I
begins to be felt ana understood. II viii cause \
commercial revulsior, ruin, and bankruptcy, among
traders Of all kinds, such seldom has visited cny
great city OF traders. il will, IN effect be greater
calamity to the trade Of London. than if half the
city had been burnt down bya great conaagration.
IL will be greater Revision even than that which
beiel New ork in 1861, Of which the Herald at the
time gave warning before Il came. IL already is 4
beginning to work and 10 spread ruin among the /
traders. The shops (as the stores here el.led)
which in former years at his time did great bu-
sness, where carriages w.-e seen daily and hourly
standing before their coors, are quite deserted.
The Wholesale trade is, consequently, az staui
still, no business Is dorccll the world s rushing 20
the Crys.al Palace and spending their money there
As single instacce, J will mention that
the trade in mou ',.c de LANES. and other similar
Scotch goods, "hie- used a. this tine in former
years to be 50 br now stopped Tne steam
boats which brougL loads Of thele goods from
Scotland, come new empty. The carrying trade
with others is, FOR the time, destroyed. What with
the eating and drinking going on in its neighbor-
hood the line Of carriages, horses, onaibuses, &,,
&c, the Crysts Palace takes daily from the crowds
which dock to il from all parts, certainly no less
su than fifteen thousand POUNDS sterling and this
drain of money from the money crculators con-
tnues daily, week sfer week, without int ;mssioa
Three thousand pounds are the average cash re-
ceipts at the doors daily, aud what each spends
in going and coming. and the spot canno: In the
average be less than six shi,ings a head, but say
only four shiilings a head, and the is .Glj,0y
sterling. Thus the Exhibition Is n great Eulp1
voracious and absorbing vortex, which gathers "
itself and swallows Up, directly indirectly, all the
loose change of the people. from all quarters. turn
ing the circulation out Of AL its usual channels. Ii
IL like the plan Of Joseph, in J. yypt, by which
Pharaoh became the great shopkeeper, and all
went 20 buy Of h,r, md spent al their money with
hun. Prince Alberts idea viii be the ruin Of thou
sands, and viii cause an immense amount OF bank
ruptcy in London. The people viii curse him for
his idea. so much for princes, when heir isauence
and power is employed TO NEEDLE with trade. Tne !
evil y greater. and becomes daily more felt. than
could have been at first Imagined Instead Of pro-
misng 90 abate, il aHsnents: the rage is nov only
Just beginning; all the world il rushing 10 the
Palace; The streets, especially in the vicinity,
perfect jim o. vehicles, vans, Carriages, an1 Omni-
buses. The omnibus propretors are making for
lures, their cCac hes are crowded from morning 10
night every road, and IN every avenue and street
leading 70 the Palace. Fictuaicrs. stable keepers.
tayems. lodging house keepers, are all making
money, while the trades people stand gaping at the
doors Of their desO.atc mag IIilcs, ant see then
selves ruined. There Is not any exaggeration in |
this accountable truth exceeds the description.