The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-30

Fox & Co., and was held at 50 per bushel. There
was no further changes in quotations for cotton,
which sold only to o moderate extent.
Democratic and Feudal Institutions Their
Value and Results.
We publish to-day, from the last number of
the Edinburgh Rerietc, one Of the ablest writ
ten analysis of European emigration to this
country that has as yet fallen under our obser-
walton. /. is evidently penued by q man who
has thoroughly studied his subject, and who has
succeeded in diyesting his mind of many Of the
narrow prejudices that in general influence
European writers when treating of this coun-
try. He demonstrates the error of the pre-
yailing notion that the materials of which the
emigration to the United States is composed
are in general of description that adds but
slowly to the moral influence and material
progress Of our people He shows, on the
contrary, that, not only in bone and sinew-
themselves elements of immediate wealth, but
in positive editions TO the present money ca
pital of the country, the tide Of European emf
grafton that has set in towards our shores
constitutes one Of the main elements OF our
prosperity. 1t is not in general the idle, the
dissolute and the pcnniless that seek to better
their fortunes by emigratio to the United
States. They belong rather to those classes
that have something to lose, in the shape either
of labor or Of capital, in the hopeless and des-
perate competition to which redundancy Of
population and other causes have brought mat
tiers at home. They constitute. in fact, the ele
mepts Of which powerful nations are composed !;
and although they may not at once succeed in
assimilating with population new to them in
habits, IDEAS, and political training, they in
time fall naturally into their place, and help to
strengthen and enrich the community by which
they are adopted.
But there is another class of whom the re-
viewer makes no mention, who have some claim
to honorable notice in an analysis Of the mate
rails Of which European emigration is composed.
We have continually arriving upon our shores
cadets of the noble families that trace their orr
gin back to the Norman conquest, and not I'M
frequently, too, even the titled heads of houses
that were represented in the wars Of the Guelphs
and the GhibelIines or in the early strug-
giles for dominancy amongst the Sclavonic
races. Many proud name that has left
its mark npon the page Of history, and which
would still command respect among the
most aristocratic circles Of Europe, is destined
co die out unknown and forgotten amongst the
swamps Of Louisiana, the everglades Of Florida,
or the prairies OF the far West. Their owners
have, under some more modest and less preten-
tious appellation, probably done more III their
humble way to advance the work of progress
and humanity than was ever effected by the
swords OF their forefathers. We should, in all
probability, never hear Of them nj all but for
occasional inquiries after lost heirs. caused by
the dy ing out of elder branches, or the sudden
restoration by some political revolution to his
original country ssd honors, of come honesick
exile, who has dragged on amongus an obscure
ard precarious existence
We have been led to these reflections by oh
serying. in an English paper, the statement that
the Queen has given permission to introduce
bill reversing the attainder Of the Lovat peer
age. Most of our readers are no doubt aware
that the title was forfeited by Simon Fraser,
twelfth Lord lovat. who was beheadcd on
Tower Hill, for the part which he took
in The rebellion of l145. Thomas Alexan-
der Fraser, recognized as the twenty-irst
chief in succession from Simon Fraser,
Of Myernesshire and descended through
the STRICKEN family, from Alexander, the sixth
lord obtained, in 1887, the restoration of the
title IN his person, by new creation. Should
the bin reversing the attainder pass, be would
stand as the thirteenth, instead of the first, ba-
ron-that Is to say, provided no other claimant
should step in to defeat his pretensions. Now
il so happens. unless We are greatly misn-
formed, that there is ct present existing in this
country the lineal descendant of branch Sc
Nor to that of the present lord, and who. cor
sequently, would, in the event Of the reversal
of the attainder, be entitled to the benefit &c
this act of grace on the part of the crown.
There would, in that case be two Lord Loyats:
unless, indeed, the Yankee lord should, from
the notions of republican simplicity imbibed
with his mothers milk, disdain such an incon-
rrnicnt handle TO his name. Our lives on it.
the rough Arkansas farmer for such We m
derstand him TO be) would not exchange the
free, manly and Independent position which he
holds, for the gilded slavery Of feudal privi-
leges aud the conventional letters and restraints
of European society.
There can he no more gratifying tribute to
The inherent value and soundness of our insti-
tutions than the fact that we have amongst ne
many rightful heirs TO British peerages, who
prefer the individual independence and 'rNe-
dom Of thought and discussion which they n
JOY here, 10 the trammels imposed upon them
by the artificial systems and dcspotic govern
ment of the Old World. When we find the
lneal descendants of the Lords Montague, Ri
vers, and Scroope-names closely linked with
the great events Of English history-preferring
the simple title Of an American citizen to The