Newspaper of The New York Herald, February 21, 1844, Page 6

Newspaper of The New York Herald dated February 21, 1844 Page 6
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irioc Our atoek oi Waol being reduced to about 200 Mm, Iwtm mo room for tor oparationa worth noticing. Mtiuinw, Jan ?- Before the new* from Havre of the iw in cotton had reached na, about 3M bale* from the United Stat.-*, (nearly the whole wo were poaaeaaed of,) Were cloure<l ott at pretty firm pricea. Rott).ro*h, Jan 23 ?To-day were aold M baloa New Orlean* Cotton at 2#)c, and 20 balsa Virginia at 30c. beaidv* 37 hhd* Kentucky Tobacco, of which the price did not transpire. Amiiudih, Jan. 23 ?Cot ion. in conaequence of the improved position in the landing mark eta, can also not .it our place be bought, unleaa at higher ratee. United State* i* now quoted at 27 to3flc, Surinam at 31 to 40c, Vaientia at 33c, and Kstl India at 24 to 'Jrtc In Tobacco, with the excaption of til package* i'orto Rico, and 17 auron* St. DoBingo leave*, nothing took place Jan. 2> ?The public ?ale hell yoitarJay of 3''j casks Su-inaiu Sugar, produced 10) rt |ter30 Netlieiland lb* As, Jan. 2.?Our CotTeu sale* (ince yesterday weru pretty important, about 2000 bag* Brazil having found buyer* at 18 to ls]c, an.l 400 bag* Java at different Currencies. The 3000 bags, reported a* aold yenter*?y. weru paid with 17 to 2I'",. Sine* the last few day*, about ?>00 boxo? ordinary yellow Havana Sugar were disposed uf at 12 to 121 fl., and 7i boxes, oi a superior quality nt 13J rt. NEW YOHK HERALD. Hew York, WMlnciiUy, February !4|, 1844 LITEKAKV AND AT rII V TIVE PUBLICATIONS. Per lllbt mla, Fox S*i-t at the IIshaud Orru r.. Fomplcta let* of tu? "London llliutratcd Newi," from 6th launery to 4th of February, iuclnnive, with a copious Index to former number* "Pictorial Timed," <1i to. "Ball"* Li'ain London,ditto. London "Sunday Timed," with Supplement coti'&ining the progreiw of the HepeHl Trial* in Dublin London "Weekly Chronicle." "Sdtlrint " "Fork Herald." "Diapatch "Examiner " "Duhlia Weekly Freeman " Ditto ditto "Wnrder" Ditto ditto "Nation." The London "Punch " kc. All for fate at the de*k of the Herald ottice, at reduced priced. Doable Sheet Herald. Ia consequence of the extraordinary junction of highly important news from Europe, together with thi pressure of advertisements and local intelligence, we have been compelled to-day to issue a Doable Sheet Herald bt the usual price of two rtntt per copy, being u freater <jruntity of interesting reading matter than ever was>given in any country for the same money. Yesterday, we incued nearly fifty IhouMtu/ of all editions of the Herald?to-day, probably we shall issue mereThe Newi front Rngland. The news from Engl tnd, with which our coining arc over-ruining ro-day, is highly important In various aspects. The Irish State Trials?the movements of the British Parliament?and particularly the cotton market and commercial news in general?arc all very interesting. First, of the cotton market. The intelligence which we give in out columns respecting the state of the cotton market in England is very exciting and very curious. It appears that unother half cent has I>ecn added to its value bv the soeculative movements in Liverpool; but this does not satisfy fcy any means the operators in this country, who expected a greater advance. This rise, however, adds an immcnec value to the staple article both in this country and in Europe, and is grcut news fox the planters. It appears, however, that a most extraordinary struggle is springing up against the advance in the market in Liverpool, and that this is mainly sustained by the London merchants and capitalists and the London ptess. The issue, time will tell; but, probably, it tnay prevent ai\y further rise in the price. Every new movement in this matter wil 1 be vastly interesting to this countiy, as affecting the daily business of life,'and may be found to be the foundation of our prosperity or our decline. The next important intelligence is the progress of the .State Tii.ils. They rweni to be something between tragedy and comedy, with a great dash of farce. It is difficult to foretell the issue. But the probability is that O'Connell will be convicted, and then the conviction will end in moonshine. One of the most extraordinaYy incidents connected with the progress of events in Dublin, is the treatment which Wallace, formerly known here as a sort of Temperance orator, and afterwards as a spouter ut .Repeal meetings, received at the hands of O'Connell. "Wallace, it is true, has no great pretensions to any tiling which entitles a m in to respect, but he was an honest friend of Ireland, and his treatment at Conciliation llill is only another sample of the characteristic brutality of that man?Dan. The next point of interest in the news, is found in the movements in France and England. In Engla nd it will appear that the agricultural interest is organizing and agitating in opposition to the manufacturers and free traders. This will ptesent a very curious romest, and will have the effect of bringing out both parties in their greatest force, in the effort of each to obtain the ascendancy. A new discussion on the currency rpiestion had just been broached, growing out of the proposition to renew the charter of the Hank of England, which will conic before the present Parliament. This discussion will throw much new and important light on this great question. The fashionable season appears to be very gay in London. Every one was leaving the country and hurrying to the metropolis. In relation to France there is nothing very particular, unless it be the extraordinary sjiecimen of French manners, exhibited in the recent debates in the Chamber of Deputies, which certainly surpasses any thing over witnessed in Congress. Only think of members of the Chamber of Deputies denouncing the ministerGuizo: w hen he was in the act of speaking, and interrupting him by calling hi in "a traitor!" Certainly this speaks little for French manners, and resembles some of the disgraceful scenes which marked the bloody revolution of'92. It appears that Louis Plullippe is still busy persecuting the press and silencing its free tones. In this respect he seems to he taking tlm same direction that the elder branches of the Hourbon family did just before the termination o| their career. We hear of no further efforts in ihe way of chevalier-making by the last accounts. On the whole, the news is very interesting, and - r ll. r . t _ very luvornuie in uiio < umury. fivrry uiiriR in n commercial point of view looks well und buoyant, whilst the political asp ct of things i-j of course revolutionary and upheaving, as may be expected. Very I,ate from Diiazii..?'The bark Catherine, Captain Winrate, arrived la-t night from Rio c!e Janeiro, with advices to the l?t ult. We are irdel-ted to'Captain W. and to Mr. Amos fJ. Wele s, a passenger, for the hit 'st pa|?ers. The U. S. frigate, < olumbia, (."apt. Hliuhrick,was at Rio on the 1st ult.; also, Sloop of War Warren, for the Pacific, to ami 21 Janua-y ; also, I'. S. Urig Chipola, Lt. Comd. Gardner, from .Quillim ine, arrived the 21th 1'eceniber, in 74 days?ill well. The U. !"?. I rigate Savannah sailed for t'te Pacific i u the 2t>th December. The P. S. Ship of the Line Columbus w is daily expected from Mont -video. Wc find no news of the least import ince in the Jornol do <"ommercio. It contains a discus-don < n the mcritc of Hom<ppathy, if that is of any consequence. Lai* fn<m Ptar Via Carthtiena, w? have late accounts from Pern. On the 13th of Nov. a revolution broke out in Peru, headed by General Castello. Pie>ident V vunco hud marched against the insurgents, but the jatter had prevailed and were marching upon Limn, of which it was'thought they would gain p<>?ee^-i<m. Tins is very likely, for the people in that part <>f the world cannot live three months without a revoution. The revolutions are scarcely more important thin an /meufr io the Fire Points. ??i?^?mmmmmmm On* Overland KiprtM fraa ??'<'? Yesterday we gave thia commuuity and the whole country, another specimen of our enterprise in the transmission ol news, which surpasses uny thing winch has taken place in the annals ol newspapers. We received by our extraordinary ovetland express front Huston, the highly important intelligence brought by the steamer Hibernia at that pott on Monday morning last, and published it in this city four hour* i/? advance of all the newepaptr perse of New Yoik . The intelligence was sent by its to all our subscribers and agents by the early mail, over the w hole western and southern country. This is the filth beat in fourteen dayt that we have given to the combined and allied newspaper press of New York, and it is the greatest and most costly. Yet it has already paid itself and atlorded us a small margin. The cost of this i xtraorilinary express rose to nearly four hundred and jifty iloll/ire? but the sale of extras, papers, increase of advertising and other tangible advantages, reaehed nearly $195, thus leaving a little nest egg for the next express. Tliis is the way we do thing*. The recent extraordinary beats which we have given the whole newspaper press in relation to the arrivals of mere ! puckets, had awakened them during the last week to (a melancholy sense of their imbecility und weakness. Accordingly under the lostering care of the Rev. David Hale on the one side, and that of the Rev. Colonel James Watson Webb on the other, wc understand that they had made arrangements for an overland express, in connection with those extraordinary express riders, Harnden &' Co., and that they intended to beat us beyond redem|>tion?beyond hope?und beyond all former precedent. These extraordinary arrangements of the Wall street press, were formally announced in the Joumat of Commerce of yesterday morning, as being perfect, complete, und just what they wanted. To their utter astonishment, however, they found that in spite of all their arrangements, we again beat them?more signally, more fatally, than ever. Intelligence of the greatest importance to the whole American commercial community, South and West, was exclusively communicated to our agents and subscribers by the early mails yesterday morning, twenty four houm in advance of all the New York pres*. If Postmaster Wicklill'e and his subs throughout the country attend to their duties, there can be no fear of our thus preventing any one from taking advantage of the intelligence by speculating on the planters or merchants at the south. Formerly, when we have sent slips, they have some how been obtained from the Post Office, and persons have chartered steamboats and gone off South to speculate on the planters. But we have thus endeavored to prevent this again. This is the way we do business. The steamer Hibernia arrived at Boston about eight o'clock on Monday morning. Our express started precisely at twenty minutes past eight, and reached our office, overland, every inch of it, against steam and sails, about five o'clock yesterday morning. The overland extraordinary express which had been arranged bv the Wall street oaoers in connection with Hum: den & Co., did not know of its existence, and took no steps whatever, for they had no express. The regular mail arrived here a little before nine o'clock. We were thus four hours in advance of the rival expresses of Wull street and of the mail itself, and by the time they were put in our possession we were enabled to send our papers South as we have just stated.? About seven o'clock the intelligence was spread throughout the city of the arrival of the steamer with highly important commercial and other intelligence which had reached the Htrald office. In half an hour aftewards our large office was crowded with men and boys, hauling and pulling in evely direction for pap'i;. We did not issue one however, until the Southern and Western mails had been supplied, and then, about half pust eight o'clock, we let go and allowed the flood to spread all over the city. The intelligence created a great deal of good feeling and animation, and the etfect on the markets here will be found under the proper heads in this day's paper. Thus we have, during the last fortnieht. civen lilt! community u specimen of our organization and enterprise, such as has never been equalled in this country. Heat after beat we have given them up to this Waterloo defeat; and we are prepared in all future times to furnish the same triumphant and overwhelming evidence of our enterprise in newspaper business. [Krom thts Journal ttf Commerce of yesterday .J The Next News from Ecropk.?The steamer which left Liverpool on the 4(h inst., muy be expected at Boston in tlie course of a day or two at farthest. We ha ve arranged an express, in connexion with some of our cotemporaries. by which the news will be brought rapidly through by land, from Boston to tins city, unless the steamer should arrive just before the departure of the regular Uain from Boston to Stonington or Norwich, in which case an overland express would be useless. This "overland express" had not reached the office of the "Journal of Commerce," or that of its cotemporaries, at a late hour last evening?and probably it still going overland and may reach the Hocky Mountains or the tipper cataracts of Salt River some time next month. No matter?by the publication, through our overland express, of onr regular edition and extra, a long time before the arrival of the Sound steamer which brought Hamden Ac Co., they were enabled to issue a second edition. This is the system of Wall street. Important Akrivai.s prom Eurocr.?Severa , distinguished individuals in fashionable, political, financial, and commercial life, have arrived by the Hibernia steamer at Boston, but the most remarkable personage is probably Henry Wyckofl, Esq., a native of Philadelphia, but hitherto a long resident in Europe, and formerly well known in this | country among theatrical circles during the career of Fanny Elssler throughout the new world. Mr. Wyckofl returns to this, " his own?his native land,"for the purpose of organizing a new democratic party?of calling forth into action "Young America," and of producing a healthy and moral revolution in politics throughout the whole land. For this purpose, lie bus, as we learn by our private correspondence from London, made up his mind to devote a portion of his paternal fortune, to the extent of $25,000, part of it probably in Illinois bond*, to this patriotic objrrt. During the fashionable Reason last year in London, he made a contract with < general DuirGreen, then in that metropolis, giving him #4000 per annum, to proceed to the United States?to commence operations ?and be his avant courier iri this great undertaking. Accordingly, IJufl Green arrived here a few months ago, an.I began operations immediately by starting a new dcmocraticjournal in this city, and by taking such a position among the "young democratic" as would hest meet the wishes and objects of his principal. 'ii the deposit of certain t-ecurilies with Jacob Little A Co., of Wall street, a certain amount, to the extent of $2000 or over, was raised, witli which (lie first grand movement was made to agitate the "young democratic" in favor of a Fourth of July Convention. a> the first step in the coining revolution. The object of this Convention, huwever, is not so much to elect directly a President this year, as to organize "young America" for the grand contest in UH In this movement General Green has been an activ r and intelligent agent; hut as the prim ip d and master-spirit (Mr. Wyckoff) of this embryo revolution is now among us, we niny expert to see the hit Is open and burst forth amazingby w ith the first genial breezes of the spring. Mr. Wv. kofi' is a gentleman of considerable tart ? much t lent?and has a goo J deal of general experience in Kurope, a* well as in thiscountry. We bid him < 5od spe-Jil, Si ri-.j T.ikc.?Tite w-ather fyesterday ; the 11s will Imd next. Opposition to Von Buren. I The meeting of " Democratic Republican Klec- I torn of the Third Congressional District, comprising the first, second, third, fourth and fifth wards of this city, in favor of making arrangements to elect a delegate to the Democratic National Convention, to be held at Independence Hall, in Philadelphia, on the 4th day of July next, and to take measures for the success oi the candidate who shall there and then lie nominated for the Presidency,"assembled last evening at Widow Lynch's, St. John's Hall, Frankfort street, pursuant to the address of the Park meeting committee to the people of the I nited States. The meeting was called at half past seven o'clock, at which time there were exactly 118 persons present, composing the following Custom House occupant* in Hulf anil half Democrat* it Calhoun men ! '< Johnson men 4 Cat* men (a Kepeuler) 1 Stewart men 3 Suoturranean* '> Perfectly neutral II Lookers on, not caring a il?n 13 True blue Clay Whig* . .. & Wall street Broker* 11 Chatham street Jew* rt General Dull'Green 1 Total, US The representation in accordance with the Democratic vote of this District at the Mover's election, was la*t year ns follows:? 1st Ward 816 2d Ward 47:1 3d Ward 747 4th Ward 13#4 6th Ward 1312 Total, 4,711 Number present 1IH Remainder not present 4693 The Whig vote of this District was 4,069 at the Mayor's election. The meeting was called to order by J. F. Hi. rton, who nominated Ciiaules A. Cianton, Esq., as President. .Mr. J. F. llrrron then nominated Mr. John J. IJoyd, Thomas S. (Jibbs, George W. Niles and John P. Maloney, as Vice Presidents. Mr. J. F Hut to* then again rose, and was about proceeding to nominate the Secretaries, when Ctirai.r.v Newman won heard to exclaim?"D?mn it. Mr. President, do you call this free expression and an anticut-and-drii d movement, when one man does all the nominations and pulls all the wires I That's worse than Van hurenism, ad?dsight." Mr. J F. Huttun proceeded and nominated Alexander Wells, Esq., and some halt dozen other young men as Secretaries, who all took their seats around a pine table that had been placed in the middle of the room. We here cast our eyes about the hall and counted notes, when the audience had increased to 120 precisely, including Mr Hutton, General Duff Green and George Blunt, who was stationed at a pillar at the rear end of the room, chuckling ut the fun with his good natured, good humored, nautical face stretched with laughter. Mr. Mills, one of the new Secretaries, then offered a series of resolutions which were similar to those presented in the upper district a few nights since, and he followed their reading with a lew remarks, that, so far as originality is concerned, have been given to the readers of the Herald time and again?abuse of Martin Van Buren, and laudation ol J- hn C. Calhoun formed the whole subject of his story, the former of which was loudly applauded by General Duff Green with his cane, ana several Custom House officers whose names are preserved for the slate in 1816. Mr. Bahbf.r, one of the "subterraneans" of the democracy followed to second the resolutions, and strongly denounced all packed conventions, hut trusted to the intelligence of the poople, (120) to put down the Baltimore caucus, and put up the July convention in spite of all under influences. Mr. Mills, who made the first speech, then arose and moved that Dr. F. T. Ff.rri? be selected as thedelegate of II.L' lantA til Tll-J," sional District of the 1st, 3d, 3d, 4th and 6th ward*, which was adopted. Mr. J. K. Hutton who nominated all theofflcer* at the commencement of the meeting, in spite of Charley Newman, then moved that Medad Piatt of the 4th ward be selected as a substitute, which was also adopted. Then followed cries of " Gouverneur." " Gouvernour" ?" Green," " Green"?"11 utton," " Hutton"?" Niles," " Nilcs"?"Blunt," "Blunt," when, The President, Mr. Clinton, rose and said, "Gentlemen, is there any more business before this meeting 7" Cries of " Yes," "yes"?"No," "no"?"Blunt"? " Blunt.', Clinton?Gentlemen, if there is no more business, it is moved and seconded tliat this intuiting do now adjourn? all you who are in favor of it guy aye?the contrary no. 1 he vote was clearly against an adjournment. ci.ivion?Gentlemen, this meeting is adjourned. Voici.?A call or a division. Mon. Hast?That w as a whig who cried for a call? (laughter.) Clinton?Gentlemen, the meeting i* adjourned. CaaaLr.Y Ni.w man?" That's a hell of an adjournment, any how- and these speeches and every thing else have been cut and dried for a week?I m as much opposed to Buren as any man, but I'll be J J if I like such humbugging as this, no how " The meeting then broke up and the regular customer* of the amiable, handsome and intelligent widow Lynch descended into the bar room below to enjoy her smiles and Iter delicious viands, while the slv old rats ot the nartv sneak eil out of the iid<: door to take a gliss nt their own favorite resorts and concoct way* and means to represent this assemblage as worthy oi public notice. Commercial Kxclianges. Philadelphia, Felt. 1!), l^U. James G. Bennett, E<h|. :? As superintendent of the Philadelphia Exchange, I purchase daily of votir agents here ten copies of the Herald, for which we pay cash, which ought, we think, entitle us to an extra from your office, wheneveryou issue one containing important news. By sending us one or two whenever the occasion demands it, you will oblige our pttrons greatly. If not gratuitously, I will pay whatever may be deemed proper. Your ob'l servant, John C. Martin. In reply to this, and to all such propositions, we have only to say, that we will cheerfully exchange intelligence and news with all su|?erintendents of distant Exchanges or News Rooms, without any charge on our part. We would send to the Philadelphia Exchange gratify as many regulur Heralds, ext -as, or slips as they want, provided they give us in return a brief rctumi of the local intelligence, ship news, foreign arrivals, and other interesting items. We would willingly do the same to every large Hotel and Reading Room in the country. As lor the provincial newspapers, we will soon cut ofl many of them from our Int. The meanness and illiberality they show towurds the Herald, deserve nothing else. In this category we particularly include the United Statrf Gazette of Philadelphia and some others there and elsewhere. On every important arrival we have given them the benefit of our latest intelligence, ahead of ull others, yet when they have any news, they send it to others, hut never to us Is this just I Tur i:???.. - ? ? talking machine, invented by Mr. Faber, will be exhibited this evening at the corner of Lispenard Htreet and Broadway. It ie really a most ingenious piece of art, and is deservedly attracting great at' tention. Let ns go and bear how it talks. Suit Oxford ?The counsel on the part of the Captain nod owners of this vessel continued the np plication for a certificate of release ; but on 1110 tion of the Oistiict Attorney the proceedings wrrt suspended u nil after the close of the ensuing Tria Term of the IT. H. Circuit Court,which commencei on Monday next?and before which the mate wil be tried. Bottsfohd.?This individual is still in prison not being able to procure bail. The witnesses no having arrived in town, the examination was post poned in consequence. Packrt Purr Rochester will leave to-day fo Liver|K?ol. We have her letter and nowspape bags at this office. They will close at 11 o'clock this morning. tfnperlor Court: before I'hief Justice Jones. Ti*r, Feb "JO ?Jacob S. I'latt r?. CnrnrHuti R. ,1r rh*r.?'Thisca*e w as continued from Yesterday. The <le fence called the Deputy Conner, and a number of highly lesisTtatdn witness**, who testified negatively. 1 hr Court el arged the jury that by the evidence it appearei that both list parties were under excitement, hut that nr. very aggravated assault or battery had been proven on the part of the plaintiff The defendent was then in Ihi discharge of his duty as the Coraner, and though he did not aet ns cooly and collectedly as a high publici otlicer ought, j et the cave did not show a stale of things a* w ould warrant a verdict for vindictive damages The Coroner had certainly laid himself liable to action foi pirn iug tiis li i'id on the shoulder of the plaint ill' and p'uhnj him ahont the store?and It was for the jury to ay howf'c they considered the assault one for damages The jury nftrr a short absence returned a verdict ol six cents damages an I six cents costs, in favor of the plaintill' hot plaintiff Mttasra 'Graham and TVnbody-- for defendant, Messrs. J. F. Smith and llloomrt Id. Important Extracts from Foreign Journal*. State of Commercial AAln la Kagland. ft'rom the L ankers' Circular] Let us first, however, take a glance at the rise already marked in some leading articles?raw materials of staple manufactures; for speculation concerning the future must have that for its basis. In cotton, from the unprecedtniedly l?w level of midsummer last, the rise has been, we believe, more than thirty-five per cent. Fair New Orleans or Mobile cotton at any price under or not exceeding 6d. the pound, cannot, however, be considered dangerously high ; by dangerously we do not mean danger to escalators in the article, but to the manufacturers. It has not yet reached so high as that standard ; at any such price we do not see a probability of trade being injuriously checked in conee f , V| "n^ i" putcui ^uuiiottiiu yam , mcic might be more foreign trade at a lower level, especially to the north of Europe and the United Stales ; but, on the whole, no alarming obstruction to demand need be apprehended from such a price of the raw cotton. Then with respect to sheep's wool, the rise has been about one half as much us in cotton wool; but it started from a relatively higher, though still a moderate and comparatively low level. We observed one of the Liverpool annual circulars stated the ris- at about ten per cent; but this must have referred to foreign wool only, and even then it was placed somewhat too low.? The rise in sheep's wool, taking Englisn and foreign into account, has been from fifteen to eighteen per cent in the aggregate?some kinds not more than ten, other kinds more than twenty per cent. In hemp and silk the rise has been from ten to twelve per cent; in indigo there is a fall of about twenty percent: but that is owing to the bad crop of the previous season having forced up the price unnaturully high. These are the principal raw materiuls of the spinning and loom manufactures of tke country ; and so far there does not appear to be a greater rebound of prices than is to be explained by the long continued and extraordinary depression which preceded it. In minerals and the hardware trades the increase of price is certainly not yet enough to allow ofa"fair day's wage for a fair day's work" to the laborers?notwithstanding the moderate price of food?together with fair remuneration for the capital of their masters. We shall now notice the features which we deem' peculiarly characteristic of the present times. On ail former occasions to elevate prices by free issue of money from the Bank of England, there has not only been a willingness among the people promptly to avail themselves of the proffered advantages, but the means of gratifying them, which means are now to a considerable extent destroyed. On past similar occasions, as soon as the bank became perfectly at ease and money ol low value, credit Irom weak sources began to expand freely and rapidly ; because there were then many banks in the country that were willing to support rt and give currency to it. Now, most of those banks have been swept away, and all that remain will conduct their affairs with a strictness of rule which lias not been in general practice among them since the seven years which intervened between the convulsion of 1825-6, and the great spread of joint stock banks? say between 1826 and 1-S3S, a period of remarkably slow progress in commerce and manufactures ? That powerful engine of lifting up and inflating prices of commodities was in existence in the year 1K17, with very little, if any, diminished force, which accounts for the sudden recovery of prosperity and its rapid expansion in the year 1S3S. It will be remembered that although the northern and Central liank had been compelled to liquidate its affairs in the beginning of 1837, there were many other banks, both private and proprietary, still existing, actuated by a somewhat similar spirit and conducting extensive business?some of which are now either in bankruptcy, liquidation, orconducting their affairs on a very contracted scale. We generally take for granted that the joint stock bank [lower attained its maximum in operation in the year 1836; but, considering the great number that were first opened in that particular year, which would scarcely be able to get into a large eflective business before the last six months of 1837, when the llank of E gland had got into a state of security, we may perhaps reasonably assume that the powerof lifting up was nearly as great in 1838 as it had been in 1836?notwithstanding the withdrawal of the Northern and Central and a few other banks. Tncn again, the great banks of the United States, situated at Philadelphia, New Orleans, and tensive operation in the year 1838; these ulao contributed to the inflation of mercantile credit and a rise of prices. We believe these consequences will always show themselves at pretty nearly the same point of time in the two countries, so long as commerce between them subsists on its present footing; and that no long continued elevation of prices will ever appear in England without a corresponding rise manifesting itself in the United States. If the year 1HI-1 is to be marked by these effects in flie two countries, the first decided check will come irom the north of Europe, including probably France, of which the most significant symptom will be an adverse turn in the exchanges. So far as existing circumstances allow lis to penetrate into the future, there appears to be nothing in the monetary a flairs of England and the United States hut what will tend to support the returning activity of both countries. And |udging only from this large section of a comprehensive subject, nothing can he discovered calculated materially to injure the prospect of the comparative degree of prosperity now enjoyed in Lancashire and Yorkshire being in existence throughout tlie present year. The banks of both counties, of England and the United Slates, will, generally, he very careful not to commit themselves in aid of a speculative spirit. They seem disposed und nhle to support the increase of trade to a moderate extent; and beyond that they are not likely to go. We imagine any breach of this rule will first appear 011 the western side of the Atlantic. If, therelore, ull is satisfactory in these two important quarters, where is miscnicf to come from 1 Let us taken glance at this side cf the question. One of the gieat dangers, as it appears to us, lies in the action of the Hank of Englund. For the purpose of relieving distress and producing improvement in the general trade of the country?of ex ciMng whut the Ministers of 1322 called a gentle spirit of speculation, the accommodations of the bunk were extremely liberal at the commencement of the year 1813. The tjueeu's Ministers met the gloomy representations made to them in private by members when they came up at the assembling of Parliament, by pointing to this fact; on which tle-y seemed to plane their chiel reliance for an increase of trade and a more satisfactory state of industry. It is of consequence, therefore, to ascertain w hat was the state of the Hank of England at a time when it was regarded by the government as the principal means of restoration.? From the returns us published in the Gazette of the lith of January, 1843, the affairs stood thus:? Circulation. Deposits. Securities. Bullion. ? 19,230,000 x'!',0<;3,000 ?'30,500,000 ?10,330.000 Here the liabilities amount to ?28,299.000, the securities to ?20,560,(XX), and they stood as published in the Gazette of the 5th of January, 18441 Circulation. Deposits. Securities. Bullion. ?19,006,000 ?11,751,000 ?'21,007,000 ?1-2,855,000 which exhibits the liabilities to he ?30,849,000, or an increase over 1813 o! ?2,550,000, and also an inircasrin the securities of ?507,000. This demonstrates the augmented nction of the hank at . the beginning ol 1841 over 1843; its conditional 1 both period* presenting a remarkable contrast with i that < ! 1H42. (7th January,) when the liabilities were only ?21,580,000 in the place of ?410,819,000; the securities being in 1H42 ?22,680,000, una the bullion ?1,779,(XX). To what caut?e are we to attribute this amazing anil progressive increase of liabilities during the two years from January, 1^42, to January, 1841! First, low |?rices, which brought in gold, and which is exhibited in deposits; then free issu**s, to seivc the exigencies of government. The circulation I was increased from ?16,632,000, at which it stood 4 on the 7th of January, 1*42, to ?19,096,000 in JunuI ary, 1814, and the total liabilities from ?24,580,000 to 130.840,000, showing ail increase of ?6,260,000, or full 21 (ter cent ori tin; autn owing by the hank exuetly two years preceding. Then what was the , character o| those two year#!?was it a iieriod of t great activity in business calling for increased issues! On the contrary, three-fourths of that time were distinguished for a greater depression of prices, more alarming paralysis of enterprise, and more destitution of means of employment, than r was ever before known in the commercial history of Knglaiidjund at least for an eipially long |>eriod r of time. There can be no rational ground for doubt t that this extraordinary fact of an increase in the liabilities of the hank within two years was the consequence of alarm entertained by the governmental the contemplation of the precipice to which the great'commercial interests of the country were drifting throughout the eighteen months ending with June, 1*43; for if it were not so, we should not see an increase in the circulation from ?16,[ 682,000 to ?19,006,000, prices of commodities eou1 tinning to fall lower and lower for that long jieriod ' of time. , lluvingtraeed this most remarkable augmentation of power in the great engine of commerce, the uHtoni-hing fact is, not that it produced the revival i in the autumn of |8|3, hut that it should not have produced that effect at a much earlier period?more particularly after the settlement of affairs in China and the Kast Indies had occurred in the autumn of 1812, apparently to give an electrifying stimulus to enterprise and peculation. This perfectly novel manifestation of non dleet produced by offering cheap money in nbtinditnce to th?? people for so long a tune, forcibly illustrates one of our preceding remurks, viz, tha' many of the most effective and active means for applying money to the uses of trade and ?peculatioii haying been withdrawn by the destruction of bank*, intelligent people began to apprehend there never would come a revival? such as all former periods of abundant issues and free action of the banks hud invariably and promptly produced. It shows that a great change has taken place in tiie speculative disposition or the speculative power of the people; and this is a very im|M>rtaut point to near in mind, when we are considering what this extraordinary state of our monetary affairs is to lead to It seems to us to indicate the improbability of the consequence being the creation of a speculative mania of the same headlong and reckless character as marked the years 1835 and 1836; and we know ot no _ fact which tends to contradict this conclusion, but the great increase of mill-power among the cotton workers of Lancashire and Cheshire?all other spinning and lojni manufactures being comparatively tranquil, satisfied, and unmoved by speculation. How far this great increase of mill-power in one important locality is to he justified by the increased trade which the Indian and Chinese markets have given to us, is a question which time alone can determine. There is, we believe, no doubt that China will take otl a great additional quantity of cotton twist and co'ton cloth. These general views of our monetary affairs do not seem to point to the conclusion that we are in danger of witnessing a hazardous expansion of credit and high prices, to he succeeded by convulsion, in the year 1844. Are there any special circuin ov.iuuvs iHUivtiuf v vi iac Douir uiuigrr : ? 1 uuunuicuIvft!iereare,and ifihe samp mean-iofgiving effect to the extraordinary force which the bank has put tnto action napv existed, as did exist in the year 1838, to spreaJ that force throughout commerce, mines, and manufactures, 1844 would resemble 1836 in what is called speculation. The absence of those means, and the measured and prudent operations of all distributors of the money power now prevailing, constitute the safeguard against the calamities of 1836-7. So far speculation has shown itself chiefly in raising the value of shares, which has laken money out of one man's pocket, and put it into another's ; it is a mere chnnge of property, such as always takes place in dealings nf chance. Rsyond this we know of nothing fairly to be characterised by speculation, except the transactions in cotton at Liverpool, which are muinlv founded on a calculation of a deficient crop, made at ii time when the prices of that article stood at a comparatively very low point on the scale. Still the hank never has made forced issues for government objects without such conduct producing great derangement of prices, resulting in convulsion. Why should not the same consequences follow the present extraordinary developemcnt of the hank's power 1 * # # * On the whole, therefore, although we began by saying that wc promised to submit such views of our present commercial position as appeared to us worthy of consideration, without intending to indicate the issue, we have no hesitation now in declaring our impies ion is in favor of a considerable degree of permanence and progressive extention to the improvement in trade already witnessed. More information and experience may be requisite before any man would he justified in making up a deliberate and fixed opinion on the matter, but such is our impression at present. We hope for a free trade an a moderate range of prices for the year 1844. and believe if they should generally pass beyond that range, obstruction and dimunitton of demand would soou bring them back to it. Let the bank accumulate its metallic treasure, trade can proceed without it ; and let her for the future be more cautious in venturing on that course of policy which at one time reduces the treasure to almost nothing, and at another titne draws in a hoard of fifteen millions sterling. We ure, sirs, obediently, II. B. & Co. The Cotton Mania In Danger. The return made by the cotton brokers of the ales for the week ending last night, reaches the unprecedented number of 109.570 bales. The true j character of the operation will be seen from the admitted division amongst the parties?84.370 bales i : ..i _...i i ,.j., u..: OK ?A iiNviug tuniigcu uauun uu njictuiauuu, UC1115 ?/,viv bales for the trade, or about the average current consumption. The advance in pricett compared with Inst week is given at id. upon American, id. upon Surats, and all other descriptions except Sea Island, so small a relative quantity of the latter now being used that it does not run exactly pari passu, with the general market No other reason is assigned for the inaniathan the reports of the short crop in the United, States, the true value of which reports we havu so frequently exposed of late, that we need not repeat the statements. The brokers gave out that several of the spinners have taken the alarm lot fear of a further advance of prices, and hid purchased freely, but the proportion, as above shown, taken by the trade, does not bear out the allegation. Indeed, if such a course were adopted, it would be an act of suicide against their own interests, as well as that of the people they employ, which we should not expect unuercircumstauces which the merest novice may distinctly and clearly understand. The real secret of the matter is the facility with which credit can be obtained and the fancied security of the banks that with such a large amount of bullion in her coflers, the Diiectors of the Hank of Kngland will not think of putting on the screw. In this matter, however, tney may una inemseives nnsiaKen wneuineyieasi expect it.?Standard, Ftb. 3. '' The present position of the Money Market 111ducescupiialists to watch every movement in tlm trade of the country with more than the usual degree of interest, to ascertain the probable extent to. which the surplus, which continues to he thrown off from our manufacturing industry, may find employment. In all articles of subsisting comfoit there is a steadily increasing demand for consumption, and still without any manifestation of a desire to speculate on an advance in prices. Purchasers arc, therefore, restricted to the supply of current wants, and a large proportion of the bit iness is done for cash or short credits, which reduces the demand for discount to an unprecedented extent compared with the value ol the commodities which are daily changing hands. With the single exception of cotton wool, the same feeling is evineed respecting the raw materials of manfactiire, as prevails with agricultural and colonial productions. On that account the movements in the cotti n market at Liverpool, the focus of the speculation, is the subject of daily obseivation; and attention is the more pointedly directed towards it because that, notwithstanding all the attempts made to keep up the illusion respecting a deficiency in the Amerieun crop, no disinterested person believes that it has any just foundation. On that ground, and because the lower the price at which ?hc article can be obtained, leaving the average rate of profit upon production, the more advantageous it is for that great branch of our national industry, we consider it necessary to keep the matter constantly before the public eye, in order to expose all undue artifice, temporarily to enhance priceg, We advisedly make use of the word temporarily, because we entertain not the slightest doubt hut that in proportion as prices are forced up by artificial means above their natural level, in the same, if not in a greater, proportion, will there be a recoil when the bubble bursts. We observe by the Liverpool brokers return for the week ending last night, that the sales have amounted to 42.7H0 bales. (>f that quantity, Iti.JHHl are stated to have been taken on speculation, which leaves 25,*80 to be purchased by consumers. Karly in the wc k the market was comparatively tranquil, the amount which changed hands for the first three days, not much exceeding 20,000 bales. This comparatively quiescent state, however, rather seems to have alarmed the speculators, who, tt? prevent any reaction in prices, renewed their eirorts, and on Thursday and yesterday 10,000 bales arc said to have changed hands each day.? We farther observed, that the weekly deliveries, from the 30t!i of I)ecember until last night, give an average of 2H.230 bales ag tinst 21,150 during the first four weeks ol the past year; which must be something considerably above the current consumption, when all due allowance is made lor the increase between the two periods. VVe specially notice this part of the case, because it indicates that the trade has been partially Ht least alarmed, for fear of a further advance in prices, and by that means have, as fnr as it goes, aided the efforts of the speculators. This proceeding, to say the least of it, is very unwise, tne obvious duty and interest under such eircuoistances |>eing not to purchase a single bale more than what is required for itnmedi. ate use. The tone of the Liverpool brokers' letters is palpably in favour of the continuance of the speculation, apparently perfectly unconscious that it involves any moral evil; but we can draw no line ol distinction, as it respects the principle, of commercial quioming anu me orgies ot a l,ondon hell.?Stun/ml, Jan. 27. * Nohth Amebk an Trust Compaxy.?A more legal method ihnn that of repudiation appears to have been adopted by the Americans in oraerto get rid of their liabilities? vijt., by bringing into question the right of the nrficers of any corporation to execute trnets in favor ot its creditors, without the concurrence of the Hoard of Directors This principle once established will prove highly injurious to the Europeans and othe:s, who fancied that, by the granting of tr hN, iliey were at least parfinliy secured. Thus the Hink of England has a trust to the extent of a half a million of dollars, granted by the North American Trust and Hanking Company. and holds probably many similar deeds, nil placed in jeopardy by the proceedings of the receiver appointed to wind no the aflairs of the company in question, and likely to he imitated, so infectious is a had example, by every other corporation similarly circumstanced. The trust is said to he void, because made in contemplation of solvency, and becaune Thornae (I Tulmadge, the President, attempts a tmnsferto tumult and Richard M. Blatcbford, as truttees, of MO,000 dollars of the Company's assets. The expedient resorted to in order to throw overboard the debts honestly due to foreigners are becoming so flagrant as to excito mingled feelings of diognst, disappointment and indignation.? lAnuion Globe. General eaalons. Before Recorder Tulln.adge, and Aldermen Biigg* sad Waterman. J ami's R. Whitiwo, Ks<t. District Attorney. Fib 10 ? Ditarderby I lout, ?John Jack was tried on a charge of keeping a disorde rly house at 98 Mulberry street. A number of witnesses wart called to prove this notorious bad character of the puisnes, and several were called by defence, conducted by Wss. M. Psics, Esq. The jury, after a short absence, returned a verdict of * Rabbin; an .Ittit'anl Alderman.?Daniel Collins was tried on a charge of burglaiy in the first degree, in entering the bouse of Charles P. Brown, Assistant Alderman of the Eighth Ward, at 36 King street, on the '14th of December, and stealing an overcoat. The prisoner not being fully identified, was acquitted, and remanded on another charge. Pitkin; f.ou/iteif<il Money ?A young mau, named Hiram Johnson, was tried on a charge of passing a counterfeit note on the East lladdHm Bank, on Christopher Andre, of 64 Couitlandt street, in payment for a pair of hoots, on the Sth of December The passing was proved, and Isaiah Selover was called to prove tber scienter, by showing that the accused hail oskel him t> sign counterfeit notes of a similar description. The defence objected, and the court overruled the question. The prosecution here closed, and the defence conducted by Mr. Dninaca, ti it n .. .....1 a- 1 - ... ... ..? u.?,un oriuieu, w no tesuneu to the good character of accused. Tho Jury, returned a verdict of not guilty, and the accused wan discharged with a reprimand from the court. Forfeited Recognizaneet.?Lnwrence Edmonds, charged with burglary in the third degree, in entering the shopef Isaac Heinamau, huti her. an<l stealing a quarter of beef, not answering,.liis recognizances signed by Ernst Eiker! was declared forfeited. 7V Trial of John Janet, the button maker, of 3fi Piatt street, upstairs, for abortion, was sat down lor trial this morning at 11 o'clock. The Court then adjourned. Court Calendar. Circuit Court.?Nos. 101. 108. 103, 104, 106. 100. SurxmoH Court.?Nos 00. 33, 83 83.31,03,43,40,40. 61, S3. S3, 60, S7, 68, 69. 83. 9". 76, 34 36, 30. 37,10,31. Cowmok Pi ess.?Nos. 14,87, IS, 18, 18,31, 33, 33, 34,16. Amusements. Chatham Circus.?We feci almost at & loaa to find words with which to express our admiration of the prrfor-nances at this house. Every department, from the box office to the ring, appears to be conducted with all the regularity and certainty of cloc\-work. The riding of Sir. North reminds one'of the most classic groups of ancient statuary, while his force of action is all of a Herculean order. The feats of young Franklin are of a superhuman style, and worthy of a view from any lever of wonder. The same bill . s last night will toe repeated this evening. Thk Amphithkatrk.?Mr. W. G. Jones, the great delineator of snilor characters, makes his first appearance this evening at the Bowery Amphitheatre as William, in the nautical play of Black Eyed Susan. Mr. and Mra. Thorne. and Mr. \1estaj er, besides a splendid equestrian corps, will also aid to the entertainments of the evening. The Amphitheatre is nuw the general resort. Grand Gai.a Da* at the American Museum, with a grand performance at three o'clock in the afternoon, for the convenience of ladies, children, schoolfand families, where every preparation ia made for their comfort as well as amusement. The same magnificent entertainment will he repea'ed in the evening, when the groatest feats in magic and ventriloquism ever witnessed will be given, and other equally interesting performances take place, for the particular* of which we must refer to the bills and advertisements American Republicans! ATTENTION ! CGf- THE FIRST AMERICAN REPUBLICAN LIBERTY POLE will be raised on the 33d day oiFebraary, (the birthday ol the Father of our Country,) at the Eighth Ward Head Quarters, 98 Wooster street, at 3 o'clock P. M. A box will tie depofited under the base of the pole, containing documents relating to the origin and history of the psrty, and also the names of its distinguished advocates. A number of the citizens of the Ward having ex? tested their willingness to turn out on the occasion, the uglith Ward Committee have accordingly given a general invitation to the Qeucral Committee, and to the Wards, from one to seventeen, to join in the procession; and it is hoped that there will !> a general rally of all Ward Associations in the city. Distinguished speakers ore engaged for the occasion, and also a band, which will lead the procession, and every other arrangement is made to render thMnfrntion aunmnriafi-1 v inle*ri*ktiticy 1'Iia order nf th* day will be as follow* : The 8th Ward will assemble at Colon'* Hall, !>H Wooster street, at 91 o'clock A. M., whera it i* hoped the Sth, ISth, 9th arid I6tn. will alto assemble. The line will be formed, and commence ita march at 10, through Spring street to the Bowery, and thence to Milltare Hall, where the 1st, 2d, 3d, 4th, 6th, 14th, 13th, 10th and 17tl>, will joiu in. The procession will then commence ita march down the Bowery to Grand street, and down Grand street to Baylies ai d Brown'* yard, where the 7th, 13th, and lltli Wards w ill fall in. The pole will ' here be mounted on trucks, and appropriately decorated. The procession will then more through Grand street to the Bowery, down the Bowery to Chatham, down Chatham to Broadway, up Broadway to Cnnal, down Canal to Clinton Market, up Spring to Wooster itreet, where the Pole will be erected at 3 o'clock I' M A stage will be prepared for the speakers, among whom may be expected Air. Woodntd', Summons, Green. Oakly. Kenn. Ilequea and others. Immediately after the pole is raised, the American dug will bu run up, nnd the bund will perforin llail Columbia. As many as ran conveniently will apreer mounted ou horseback and in open carriages. The '.Yard Associations are requested to appear with their banners, and music if possible At all events, let there be a grand rally, such as wilt be worthy o> the party and occasion. The procession to be under the charge ol J. A Joues, Grand Marshal. JOHN F DRIGOS, Chairman. N B.?The eight Ward Committees of Arrangements will meet at 8 a'clock, at headquarters, on the morning of the procession, to consummate their airangementi. By order ui above. The butcher* and cartmcu are particularly requested to appear mounted. ft7- SONS OK THE EMERALD ISLE.-Burgess, Stringer & Co., 222 Broad nay, tinder the Americas Museum, publish this morning p. rt first ol thia splendid work of Irish biography. It will comprise, when completed in eight or ten n urn her* the lives nf one thousand remarkable Irishmen, includ ng distinguished character* of Irish parentage in (descent Among these are state* men, philosophers, poets, orators, ncvelhti, dramatists, signers of our Decimation of linhqiciidcnce. revolutionary heroes, and men of grains of every kind Every man with a drop of Iiish blood in 1 i veins ought to get it. B. S. Ii Co. have ready Tait 0 of High Life in New York, as described with such humor and fidelity by Jonathan Slick. Trice I shilling. The saleof the numbeted "Magazine for the Million,'' No. 1, closes today at 13, when the drawing for prize* will take place These and the second number will be ready for delivery to-monnw. 0(7- ENGLISH PAPERS.? last received by th* steamer, files of the following English Papers :? LONDON ILLUSTRATED NEWS, of Jan. 20, 27, and Feb. 3. Price IHj cents PICTORIAL TIMES, of Jan. 20, 27, and Feb. 3. Pric* 121 cents. PUNCH, four dates, tip to Feb. 3d. Price 10 cents. Also, a few complete sets of the ILLUMINATED MAGAZINE, Edited by Douglas Jerold. The most splendid magaxin* puhlished in the world. Price 31] cents per number, or $3 60 a year. Delivered to any part ol the city or Brooklyn, by the publisher's authorized agents, BURGESS, STRINGER It CO., 222 Broadway, corner of Ann st. N- B ?Also received a few handsomely bound.copi** of 1st vol. Illuminated Magazine Price J8. i QQ- METALLIC TABLE I ? is the most perfect article for the purpose designed ever invented, having th* wonderful pow er ol producing the keenest and smootneet possible edge of the iszor in tenth part of the time thot is required on a hone, at the same time doing away with the unpleasant use of oil and water It is the same size as an ordinary strop, and as simple in its use With one of them the menns is ever at hand ol keeping razors in periid oroer. incnr-i cuiiiti oi r.ngianu mm r mn? nave them in constant use, and recommend them. The celebrated M. Mllliken, cntler to the Royal Navy, 301 Strand, af er using one Ave years, sent a ceitlflcate of it* superiority to the inventor, w heir It can tie seen with mHny others from the most scientific gentlemen of this country. (J SAUNDERS, Inventor and manufacturer of the Metallic Tablet, 163 Broadway. (& MORE MVNTKRIKS BUORN TO-On the 3lstof July, Mr. Walsh, 80 Pitt strevt, was shot in the face by the sudden discharge of a pistol, filling bis eyes and face with powder and wad ling. Dra Cockroft and Mnrkle were tent for, ami oil the nest day declared they > had no hopes of his living By the earnest solicitation of Mn Bewel, 478 Or and street, they were with difficulty induced to use Dalley's Magical Pain Extractor, and the moment it was applied, a small quantity at first, it gave instant pleasure, and Mr Walsh begged lor more It was spread over his lacs, and he recovered rapidly, and is now well, an I will give testimony of theie facta, as also will his family. Miss Snaniman, Houston street, near Ridge street, bed her arm badly burnt by the bursting of a spirit lame, which at the same time killed her mother. The daugn ter it was advised, would have to lose her arm. but Mr. Hewell went to the house and urged them to use Dalley's Pain Extractor, and in two weeks she was hefled and well. THOMAS BE WELL. 47* 'Jrhnd at. Thomas Sewell being duly sworn, deposeth and says, that the above statements bv him suhscritied. is true. il V Ol'LBKRT, < ornmh- of Deeds. New Vork, Jan Id, H?J For piles, bruises, old sores, nnil rheume'lsm it is equally efficacious To bo hud at fhe New Vork Agency, 67 Walker street, onn door from the corner of Broadway. Avoid the trap at th<> drngglsts?the genuine is notjthere. If "H. Dalley" la; not wtitten (w Ith a |wn ) avoid as pol son. fljy-BEWkRKOK IMTOSII ION ?Dr. Sherman's Poor Man's Plaster has already ohtainvd sum celebrity for the euros which It has performed, that the demand has become very great This has induced manv unprincipled persons to palm oil' upon customers a hn?e imitation The spurious atticle is known by its ft' e.n. It is good for nothing. although the imitators stt it "Improved and otig/inl " Let sufferer* beware ?s it is no v almost impossible to get the genuine plas'erex'epf at l)r Sherman's warehouse, U>6 Nassau street Look nut for Dr. Sherman's fac simile on the tiock of the pi star?none others uro genuine Dr Sherman's agents are J17 Hudson; IHfl Bowery j 77 Fast Broadway, and 110 Fulton st , Brooklyn.

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