The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-03
FINANCIAL AND CONNER GAL


SUNDAY, March rs p. M.
During the past week the stock market has been
comparatively quiet. The ruling prices at the close
yesterday do not vary materially from those cur
rent at the close Of the week previous. The news
from Europe lately has not been quite so satsfac
tory anticipated but it is not Of chara cter cal
culated to create any apprehensions. A few weeks
win suffice to clear away all the political difficulties
which at present serve to depress the public mind
and leave the commercial world free once more from
all such bugbears as have lately agitated it. On
this side Of the Atlantic we have nothing to fear
Our local Affairs are sound and we have enough to
do to develope our internal resources. Politicians
will continue to wrangle, and will if possible, keep
the public mind in state of excitement; but we
have not the least idea that they embroil in
war with any European Power, or interrupt the
movements of commerce which are going on now
so prosperously. We have not been for any length
Of time during the past forty years, without
excitement. Dozens Of important questions have
within that period been agtated, and with many of
them a war with some Power has seemed in
evitabe. Politicians have clustered correspondence
to an interminable length has passed between
the governments concerned this national feeling has
been increased in every way by all sorts Of dema
gogues, and, in several instances the commerce Of
the country has been seriously restricted by the pro-
liabilities or possibilities of rupture. Notwith
standing all the indications which have, from time
to time, appeared, Of a suspension Of amcabe rela-
tons with Great Britain, we have been at peace up
wards Of forty years, and are likely to continue
These little difficulties last just long enough to exer.
else moderate check upon all illegitimate opera
tons, and serve to preserve proper equilibrium in
commercial affairs. Carried to this extent they
harmless, and their conservative influence is of the
most desirable character.
Al the efforts of the governments Of the United
States and Great Britain to involve the two countries
in war must be futile, 80 long the most import
ant interests OF the people arc so identified. The
industrial classes not affected by the long drawn
cut long winded negotiations Of few officials. The
farmer does rot stop his plough, the artizan his
machine, because there is an Issue between bis go
vernment and another, upon points which
could be adjusted by wise and sensible men
in short time, TO the satisfaction of all.
The INDUSTRY and enterprise OF the country cannot
be arrested because diplomatists disagree about the
construction of treaty. The seasons come and go,
crops are sown and harvests mature, regardless of
the lies and bubbles of cabinet ministers Vessels
arrive and depart loaded with the products OF every
cline without apprchensions of any interruption in
our commercial intercourse with nations. The pub
lie mind cannot be induced to believe in the posi-
bity of rupture growing out Of the triding points
at ISSUE but it must be prepared for o long and
tedious agitation Of the most unmportant matters;
for the most violent announcement Of each party by
the press of both countries, by all sorts Of crimna
ton and recriminaton, by the use Of every effort TO
arouse the pride and petty prejudces of the people
Interested both sides of the Atlantic-al to end
finally in an amcable settlement of oil difficulties.
in an adjustment Of all questions present and pros
pective, and the reestablishment of peaceful rea-
tons until It suits the government of either country
to raise again issue requiring the rehearsal Of
similar scenes. tits time for people to place these
matters in the proper light. between the Unit
ed States and Great Britain is almost mpossbility.
The people have the issue in their own hands, and
are prepared to assume the powers when necessary.
Public opinion ia the great regulator and when ne
cessary il acts decisivcly. There is point beyond
which the governments Of either country cannot pass
without the consent aud sanction of the people, but
that point has not yet been approached. We are
probably as near Il now as rulers dare move and
81 The present distance al their negotiations and
coTespondenccs, al their diplomacy aud preyaric&