The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-08

for tic means OF individuals, and ali who ware en-
gsc,i l. Ea!e became force and almost deadly
competitors for tle means OF continuing II. For
come time, they have been giving TO- L. o. Is par
cent. ior .tsm: nos they are giving "a. Tha ms.
chants md men of business IA the States, like mea
III hsieged city. ere Vanishing for the means OF
honorable existence, and ready. though there IL
war nor governpc'it demands 20 raise thu price, TO
give three four times as much for them NJ our
merchants must giy. In LOMBARD street.
we are iar from saying that the demsnd' OF go
verIInent viii not Affect the monsy marke. and bs
injurious 20 trade. We know they Will affect aud
have already affected il but though great aud
influential, they are less influential and less
important than the demands OF trade u .elf. There
10, indeed, some probability, and W. would at once
pu' our mercantile readers their guard, that the
large demands likely 70 be made BY the government
on the pecin'ary resources OF the nation may 10.
fiopIy dersngo the money market and agsravats
all tn dIicnities which any disturbances OF ira 70
may cause. All the varying expenditure or the
government takes place through the Bark of EGG
land IDioi IL are all the lakes paid, and by II are
AL the government drafts paid. BY the varying
amouas OF bullion in ia Golfers the paper circu
iation OF the country That which toe legislature
mas made legal tcndor-is regulated. This bullion
IN the Bank Influences and determines the circulation
OF every bank Of the empire |. il very likely, we
think that the varying and large demands Of the
government, operating exclusively through the Is Ank
o. Enelsno' ana Acperatng on tho bullion in ite
Golfers may cause great variations in the an,nnt
o. paper currency, sno1 IA have not been known
since he act Of lS44 became law. II such circun,
stances should ayise, let II be remembered IN thew
will be less the consequence OF the war than OF our
foolish restrictio IL on the tyas Ia money. In tho
present reduced circulation OF the Bank Of England
PAGER In the bands OF the public 10 DO prepared tor
ste demands OF the government. there are iodics
tions ths, they will arise. by the last returns Of
the circulation II GO 427,G92, against f22 23s
20l ut the came period last year, aud against
f2l 74S, $40 Ia May, when the minimum rate OF dis
count was rLifcd 10 81. What may be the effect Of
the varying expenditure Of the government on the
resources aad bullion OF the bank, and on the crcu
lation under the present currency regulations, IL
yet 10 be sscerraned.
The Difficulties and Dangers or Atlantic Ma
viSntiOn.
From the London News, Dec. 2l,l
The rapid Increase and great extent OF commun
cation by has latteriy led 70 considerable
Der OF beartrepdrg disasters, and bego'ten gene
raj desreto MAKE navigation safer. We now want
much TO re ducc the number of shipwrecks, IL IL be
impossible wholly to prevent Them. Aim )st every
ration has suitreii and even tho Germans who go
but little 70 sea, have "a emigrauts persisted by
bnbn,eos from shipwrecks. The whole civilized
world viii on this account be grateful TO Mr. Pre.I
dent Pierce for having soemnly referred in his mes
rage, 10 the great sacrifice OF human life through
casualtes by sea. When thus seriously alluded to
they arruEt the general attention, and stroDg hen
the motives end tho desire ID avert them. They
Lave taken great hold Of the American mind, and
when ration % 70 affected there IL probability of
the evil being rmtdled
The general refusal Of the shipowners OF New
York 10 employ the mate who deserted the Ar,ti,
weo was even expelled from ship after he had
been unkutwingly engaged, was good com non
sense way 20 siigmai!se neglect and c0wardice aud
tTcourage care aud eNcrtlOn. TIE same "a ID com
uon serse has induced the American men Of sci
tnce 10 cast about Immediately To find cut tho
If avoiding stch accidents. fhey do not think this
can be accomplished b. ting presumptuou, igno.
lance 10 give an Official passport to ignorance al
most ss pieeomptuGus, bat, seeing that collisions
ac very muc the cons meme of all ,sioos wing
the same course pOirg ont and nome trey propoae
~ WI ne nli tn tha
ocean, sud suggest that different sidsa Of the great
Highway which connec's one ds.sat nation or one
gtcst scapcrt with another should be taken es yes
III are gong snd ComingR.
Sailing vesfcLi on ace pant OF prevailing winds,
leeD out a each 90 crs track as tley are going or
returning, bns staai0trg at take the ahprtvu lire;
rn4 torIeyent IL n ming into collision, IL ia pro-
pos mar o. They come or 10 they should keep on
Crc siib ci this luo. Tha seems Judi s.ous propo-
titin1, WORTHY Of being recommended % the yeises
q al nations
LeutensGt Many, whose usrde II gustantoe for
vhatsvgr lie recommends, br ugnt me subiec bsfore
the American Luh.,c; but tho accommodation orl.
ga ated vita NJ. X b Forbes, OF Boslo1 Ia A
letter addressed 20 the Mutui Insurance CDmniny
81 New York, read before the Life saving .ne,
SOitnt Assoc stcn, AID published In the New York
C0tJfr and fnYnirT, on the J0th ult., Lieutenant
hsnTy lays by mviog ore route to - aud another
TO c. me, We nbOn'd greatly lessen the Inability
10 tcllslon. From EnrOpc % America he proposes
hIt The icc'e OF sailing vessels shJulj be By toe
lrfa. tRcle ~ but tb.t he rOnte Of steamers
4
IN tbis side, tiNY nile south 81 Gaze Race thence
shs Win Sable IsiAgd OF tbe north 10 the oti9R OF
Sanay Hook To cone from nGlict TO Europe,
drUv, be sgys, Ire frow tho Cfhcg OF Sandy II l6
10 lie Cling Ot tppo Gear THIS ire, on which
steamers ui Core RON America, vii BE- 100 niles
south II the scutl0in hmr o. thu rout5 taken 10 20
20 America, 70 tuat Etcefncrs coming fon America
all, O. the IUle, pas, 100 miles 10 the south Of
slthtneis gong 20 America. Steamers taxing the
'oimer route W. aid have margin ea9ugh fos errors
IN reckon'ng Vs. thou, befg pm he'd Tor se2 room,
md Mcu!i crais part o. tho ccean particularly
n they pert 10 me north OF Ireland very lttie
crossed by vessels Ltubd 10 another ditcc "a. They
mfLt nee, along tne western half Of tie route
vi vessels b und 20 ant from Newfoundland aud
British AmcI ica; but, o. FAR /; lea 10 the east.
vaT8 d. Nestgung land the chances 81 iilsions
rGair 20 ccrc ~ Europe wor'i have III Guf Stream
In weir tay0r, which would compensate Tor the
mts'tI oflsute. o. iris iVutC tho tgs, too,
would he lsas tesn On the otncr.
90 course, ~ th" steumsH pursunR these ar.
iluIt iCu'ob iillbEr ard either, they would not
tiu' out fll chrres ~ collision witt sal.
~ Fsfttls ana tr-.-i'rt atfa-.c-s crossing
iHfr t7uiyFi nor WI - undertake 10 n4y
The. tDc lines suP0e 20 ~ L'.utenan, Marry are
tLf tfsr; lui y, .tast ely ~ fhe tro6-ciy
81 FHttEcrg q" Voyages cp tHe ocean the
,Fi1ciplo followed 90 roads 4u1 IaqYlsi1g " s-rb
: b!.b pas b.tHteu nuc1t equr4'td psrts - keep
tn III q stdc.U tha cetC The ittt bhuu side-Of The
path ~ The two tuus 0rly u The oout<e will thr
irfa'y bOs' 2at ~ bs..Yuds anc arrstds b.
much cyg.-E1 ~ cni sion sd trrr = ywiiaui 0ok
5H' must kftp yl-se3 ouJ ~ ultsclit'. Eva n, the
tenn. il b0ssysI, tujfs far kes.lHg % 90 side a.
s'ng- rele Eo,sg n co4lng m'got, II regularly FOL
lOYcc II yeIt Dpta damage. AuytAcI great al
EaIisgs y ogiGR #uoe Inns laid dyFa Tor 3.samtrs
voH,a b' tl1 III = gts-cla would D. ANae Nhha
t.ts came n II tbbtt equeht,d paths aud Womb
be dgubly wElAsnl u gives great a9 h.i ma in.
IO'tGa5e = The subject 70 kgoE that II affects
naIy Ia'1Ls sti t.a' any regulations W Cd may
bL 90 pied Eurt bc eofJ.o,c b. toe power u ary
Crf, a, zen rrlg 10 pCriccEy u~iul ~ being