The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-31

L p
Iossi feceipu.. ....................." Sia.as
Iofai psy msnss csS'. .os
Iowa "sssSoo'.s'...
ne receipts include $4,000 sor tsnsfer drafts ~ Nh
ton end the payments include 900 California arAs
Tbs political from Europe ID q ssartlng impor
tance Tho public mind this sde Of Ne Atlantic does
not appear TO have comprehended the vat niere IT. In
vvsd In The ero In Ind No event that has occurred
in the political world for years approximascs in masni
iuce The eoYeauspi q Great Britain Is upon tho eve oil
struggle 70 maintain Ia supremacy In In la
ca, that required IN dscas tho great Haposaa Who
thor g. ccessa net the Will be enor ,us, and the
araaosI esources Of England VII be taxed 10 their Vi
mos, In sse r,uislon Of Immense loans viii hava
n ba r..sd~n e duposiuon OF immense expenses
xm b.va 70 Ia ,,so, ed; aud 10 . matter th. oanno.
be DISPOSED Of IN csmpa, or two, as In the c1mes.
The effect Of this Indian ar WI be to sweep away every
vesge OF the secuasivo mania ,, I" "''" va"
Old ard New Worlis The whole army Of 'p0'u
iators in Europe snd In this country Will be 'e'ea
Ike much chat before tho whriwind. Wis.,
Il must prove exceedingly dssarcus 10 I'll .ao
climate operations, cannot but prove bens
acis and advantageous 10 all the real interests OF
our people The agricultural and shipping interests
OF Ibis country likely TO DO ganers by any evan,
qurng the nsratIon and transportation Of men aud
provisions In the carrying trade shipping would bs
required, and the withdrawal vast mum ,srs Of men
from agrsaural pursuits In Europe wSuld leave dea
CLERGY In production which surplus would sssily sup
ply. Toe government Of Great Britain already called
for liam 10 meet .mncd iae exgepc!es growing ou Of
the troubles in India This demand Ia made IN anicia
zion G soy general movement Of the Shows of
We can from ibis form Idea or what will be
the wants Of he govern ment when fairly engaged In the
contest Years viii mol Inc end OF this rebellion ia
India and lor before the close anaoca revuson
sweep over Great Britain greater than before known
Every abic dollar due TO the People Of Eogiand will
be called bono Every resource VIII be husbanded. and
Its producveness augmented In every way The strug
gle likely 10 he proan ed that every local inere.
m1tt he Frustrated In Grra Britain the greater, alarm
and apprehension prevailed ami the effect of the large
Numerous failures in Calcutta must no be visible the
Lof don oney market and In The manufacturing dis riots
The failure OF Mr. Thomaz McIIrath Ia another llusiyA
ton Of the darger attending al speculative transactions
Nr. bcEirah Is, the principal proprietor OF tho
fi6sWe ana the PROFITS his interest In tina, establish
merit Sufficient to enxbie him to live in the greatest
luxury and care. He not satisfied with this, but
ionsed for wider aeld for the operation OF his dnaacAl
genius. Some ears since he abandoned the duties
nccted with the finances OF newspaper establishment
add embarked IN extensive ccai mining business
where in the sontbern part OF PennsylvaniA He pur
chased q msgpacen. estae the mines, fitted Il up
eplenddly, invested large sum In and made IT, IN fact
a family residence This made him at once q or
consideration IN that part OF the country and all bis
mplrg operations were made upon corresponding scale
Re went into the construction OF . railroad from the
Mines 10 ket for the Goals; and for time oil wont
smoohly along. change. however, upon the face
Of thirss. Mr. McElrsth and the other ana
gers OF tho mine ard the railroad found that
rehabilitation and realization" were, ~ old Mr.
Aslor used ray, two very different things and the result
~-ft.
burst up. The mipos proved Improbable tho railroad
abandoned, the prncely residence or Mr.. McElra,h
scld and its former proprietor glai enough un
doubleday to get bsck to New York. completely cleaned
out, not q ~lser, but much poorer For time Mr.
McEIrsb devoted himself 10 the Tribune. Under bis &C
tive NJ minsraaon that maintained believe It's
position This field sau considered by Mr., MoElrslh
notwithstanding his Pennsyvana experience. too limit
ei for bis financial ability, rrd next hear OF him
President OF the Nassau Bank Even this addition bis du
ties sppesrs, did not afford r-ePc enough 10 his copre
hensye raud and Is not long Before another ambition
his business operations made In the shapc
endorsements on railroad ac,epsncn to the amount
about quarter OF million OF dollars. Wal street hs
for time past been pretty web supplied with
these scccp,ances, snd some pretty heavy shave
were paid for this negotiation. bfr. Nctl,s,b
undoubtedly received s,ss bonus for bis endorsement
for 1t IN no. every western ran road that get the
OF the President OF . New York CITY Bank n pspsr
but be found In return that the Money could not be xse
TO protect bis withou, heavy shavss The raroai
companies proving delinquent, the cE,orser had 70 pay,
long - be had the means These woss exhausted
aud tse result announced few day, stnoe This IL
the second hrd time tha, Mr. McEatk ms failed Had
he coaaned h operations entirely to the IT rne establish
neni and len speculation alone, he would r~ve been
much richer today. There Ia moraln -e res Al, o.
w. McEirssns speculation which would be rs enough
fS~ some OF our Contemporaries 10 consider