The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-03

LONDON, Sopt. IT, 1855
&pcsse about tie AGantc 7HegrapA-TAe Treaty 10Th CAi
na-DSlnss in the PoliSoaI Worid-Improoemens in
zfude-Tsox11ss and Successes Of Es Ameican Con-
n1-PScco'onimi's Fhresou 10 England, DC.
For some two weeks past the commercial world has
held in painful suspense by the sudden cessation o
Geographic tdings from Newfoundland and still more by
tho extraordinary silence OF the company who at,cn
explanation of the exciting lapse. Rumors and forebod
ngs have been flying about and the eiec, the STOCK
has been most disastrous From GsOo the shares have fallen
TO f4oo, and the tendency still downward At hast
fad in this mornings Times fun but most discour-
aging explanation the that has perplexea
1t appears that the wire though not broken many
supposed Is much damaged to have become useless
What has caused this is mere matter OF conjecture.
The treaty with China is daily discussed by the
London Journals who universally satisfied that il will
bring with it abundant advantages to the trade OF Eng
and There is doubt of that and probably IN the his
tory Of this country there has been no instance Of so spen
did an achievement obtained at so small
cost. Lord Pamerston deserves all tho credit
Il this brilliant result, for 10 his saganey and courage
alone must tho Chinese expedition be attributed is not
unlikely that this great commercial success may resca'
him in the Premiers chair For the present politicians
eem, like deas in winter, TO have fallen into torpid
state the very government secms to have disap
peared Her travelling Majesty, always the move, has
buried herself n the Of Scotland tho members
of tho Cabinet scattered newspaper knows where,
and the political machine entirely in the hands Of in
dus,rious subordnaes, whose knowledge OF routine Is
adequate TO its management Happy the country when
The trade Of politician dries up for like undertascrs
good time for them is bad time for tho OF mankind
Commercially, everything looks full OF promise. The
funds are rising every day. bullion hourly increasing at
the bans and good dividends generally declared BY
Joint stock companies The autumn trade is brisk and
good pro It's are realized In France and Germany re-
vival Of confidence is steadily beginning and all vestgcs
Of the late crisis gradually disappearing 1t is sup
posed that by next spring. at farthes trade will be strong
on its legs again. and that past losses will be rapidly
deemed
We have lately had a Fare up in the "city" that
has attracted pretty general attention. from the ample
ports OF it tina, have appeared the daily journals. It
may have interest for your readers from the fact
that one OF the parties the sluabblc is well knowG
Amercan--J R. CrosSey, Esq, late United States Con
sui ut Southampton. This gentleman entered into
an agreement, some two years since, with company
here who the pioneers OF fleet OF eight FIRST class
steamships that bid fair in the docks for of
employment Mr. Croskey, by bis activity and influence,
charterng all these fine vessels to the East
India Company for the transport of troops 10 India; and
the profits of this enterprise were enormous No sooner
did this same bankrupt company find themselves in the
possession Of large receipts than they grow greedy with
sudden prosperity and began to lay Illegal claim to
the fair earnings of Mr. Croskey, guaranteed by the dis
tine, clauses Of his agreement Mr. Croskey, with that
cool animation characteristic OF Americans at home
abroad resisted this rapacious spirit and regular battle
began. Mr. c. stood quite alone anu his antagonists
rich Of high commercial standing. Public meetings
OF the shareholders called and Mr. Croskcy was bit
terly abused by his opponents who were obliged " admit
nevertheless, that his energetic management had
chad their Golfers and saved the company from In
spite intrigue and deracton Mr. Croskey calmly stood his
ground and maintained his rights till, seeing that claor
had effect truce was proposed and compromise eff
fected by which the first claims Of Mr.. Croskey were
acknowledged. lie Of therefore, not only victor
in this quarrel hut the fortunate poSscSsor of some
$500 o0 honoraby acquired In the brief space OF two
years
The Americans here, an,ongs, whom the courtesy and
hospitality Of Mr.. Croskey ~ proSerOiai, have all
taken a lively interest In this affair." anu rejoice that the
Yankee eagle has not been put TO gnobe flight by the
gruff roar OF the famous British lion.
The streets Of London all placaTded with the
announcement OF Pccoomni's !. Farewell TO Eng
at the Crystal Palace-a glorious locality TOR SO
stirring event In the theatrical world. Pcco,omini,
whether great singer not, is undoubtedly great IA
vorite Of the English and Of the Irish public 10 Judge
taking way with her, and her pretty ways amply make
for nierority in other respects Her farewell 10
London then at tho Crystal Palace will be brilliant ftse
indeed said that 20 900 tickets have already been
disposed Of That BEATS anything ever done by Jenny
Lind or any body else In these parts, elsewhere A
alata her honor and composed for this OCCASION " 70
he sung by the renowned tcror Gugn with chorus and
this alone would bring thousanaR 70 the Palace Inc
lovely cantarice Il " embark for New York on the 18th
Of this month and she travels like regular princess as
fault OF hers however for so anxious q she known
10 be To visit United States that she would chscrfuy
sing her way she had other 70 get there
She probably will not como back disappointed.