The New York Herald Newspaper, January 24, 1848, Page 1

THE NEW YORK HERALD. Whale Ne, 600, ADVERTISEMENTS NRW EVERY MORNING. ——— EEE ‘SRK THEATRE-MESSRS. SANDE, LENT Toemengaee First ppoaiane ont This meunidceut Acton Horsemanahip, ‘catitied the GUKIEW OF BE. Fer i i i Firat pre- —— RG. Vetappsetet ol ie uit years of age, w 5, to the drese ‘Open at 636— nee to comm open at 66 per rormuce every Weducsd y and Saturday, com mencimx gf 2% o'clock. RY THSATRE—UNPRECEDENTED TRI Bork achieved by the new onal Srectacie of the ATELY OF MEXICO,or the Capture of the Halls of the ten md" produced der the’ direction of P'Bhomas Barry, stage. manager ark Theatres oe ed Gy nit. Breveus, Dariog, which wrt be futhfully veted the Storming af Chapeliepes ‘by the New Yor Viiuneers, THiS LVENING, January 24 be performed a ew Natioual’ Spectacle, -entith Battie of Mexico, or the Capture of the Halls of + Moutesamas. Americavs—Gen Scott. (Commander; chief of the army) W. Mar: Capt Westwood, Burke; Captain inthi J. Signorita aoe aed “Lea: of Dow Fran 3, Mre. Phil Bore, ee ae SE ny ee eT OTTE TEMPLE, Tetcouttulewnh the MYSTEKIES OF ODDEELLOW- SHIP—\ir. Busymaa, Mr Barke. Boxes 25 cents; Pit and Gal- lery 1236 ceuts. HATHAM, THEATRE—BENEE Fieteher, Manager md Lessee—This Evening, ary 24, Mr Vietches will seni ‘Digetent f Stat ter whicl come of ABST Pal LouGa— sir Philp Binuatord, ‘Mrs Brane don; Bob Handy. Mr. Hield; Saran As*field, Mrs. Wilkin- font Miss Biardiord, Miss C J Leroy. After which, the MODEL_ ARTISTS will appearin their admired tableaux vivants, ‘The whole to cone'ude with the dramatic spectacle OfTEKELI, or, the Siege of Monteatz—Count Tekeli, Mr. Sutherland; ‘Alexina, Mrs. Wilkusson. Boxes, 2 cents 125g cents,’ Doors open at halfpast 6, performauee to com: mauce at7 precisely. ROADWAY THEATRE—THIS EVENING, JAN Bee Mi he perforated. the tragedy of MACBETH Macbeth, Mr. J Wallach, jr: Macduff, Mr. Fleming: Lady Macbeth, Mrs. J. nck; Gent ewgman, Mra. Chapma To conciude with the CAPTAIN O¥ THE WATCH—B on Vanderpotier, Mr Vache: Viscount de Liguy, Mi . ns Kris KIT. OF MR. J. Evening, Janu: of MUZcHELLS OLyMric “THEAT HE ; er form ‘with the DEVILIN PARIS—oe= Mr renee with the DEVIL IN PARIS Mt nt Henry de Becusoliel, Mr. Chantrau: (: nt Mferwhich. the TIPPERARY LEGA: T Green, Mr. Holland; Lanty Scrimmage, Mr. Cuaningham, Lizzy Choblock, Miss Rob 'UNTIN' A LURTLE—Timothy Daud tle, Mr. Clark: Mrs. Tartle, Mes. Timm. A MODEL OF A WIFE—Mr. Stump, Mr. Cunningham ; ‘om, Mr. Conover; Mrs. Stump, Mrs. ‘Henry. Doors open id_the curtain rises at 7 o'clock. Dress circle, 50 Sores, 25; Pit, Lshilling PLACE OPERA—MONDAY, JAN. 24, WILL See nied. the opete of LUCREZIA BORGIAN-La ig’ra’ Teresa Truffi; Duca ore: r uf; Duca Alfonso, 8'r Settimio Rossi; Gen j. Benedetti; Orsini, Sig’ra Lietti Rossi: Gabetta, BiG Plemomieais Hustichello. BN. Parossi: Liveroti: x ont A . 3 Mrs. Selina Boulard; Petrucci, S'r Francesco jibernao, Boxes, parqueite and balcony. $i: amphitheatre, 50 cents. ? ‘A. HOUSE—MONDAY. TUESDAY Psd Wednesday, January 4% 2h and ait Profesor THEIR’S groups of MO! 'TISTS, twenty in numb: will have the honor of appearing in a series of their celebrate rand Pableau: ‘and Poses Plast . MaaGawan; 5, United Stats, ‘Thiers, Doors open at. £73 o'clock. Price of Admissio ette, [ady and gentleman, 50 cents; gectleman alone, 50 bo: ox office open from 10 A. M’ to Orchestra, Mr. Chubb, from the ment under John Davis, ROADWAY, SEO WEEN per boxes, 4 P. M. Conductor of t! Park Theatre. Police De MM 2cHanics HALL, «7: r ‘Grand an! Broome sis —Crowded to overflowing, the beauty und fashion of New York. Open every night di the week except Mo’ ean Ser P. 7. Vaugho, htly honored and univer day. Unabated suce f the “oruinal GHRISTY'S MINSTR, tt | week of att \blished Band in the United States. GIN: Ghinaty, 5, eree, Jaron, Cabo are ni jon 25 cents; children under At 7 -o!elock—Uoneest wil 29, on Afternoon Concert. lock. On Monday even- open ay, Jan. ommence at 3 °c Brooklyn Insticute. e Doors open at 2, e ing, Jan. 24. at the BeoADwayY. OPLON—ENTRANCE THROUGH re Pinteux’s Saloon—Under the m of &. G Gare Ley Monday evening, Jon. 2t Model Artists —Pare 1, ise F aldion, the wuiival Part [I to commence with u splendid LEAUX VIVANTS, of living Mae and by the MODEL ARTIS CES— jan Triumph, Haben’s Virgin, the in Calypso's Island, ‘hree Graces, t the Queen of Flow’ 40's Dream. Scene from ti re Beene of Jet) Yonous, Battle of Ne glorious Box 50 cents, Parquette 25 conis, Boxes 12% cents. Perform. ance to commence xt half past7 o’elock. ARNUM'S AMERICAN MUSEUM—P, T. BARNUM, Proprs F. Hireucock, Manageritvery Day and Evening This Week, commencing o1 londay, Jan. 24 1818— Splendid perlormances, every afteranon at o'clock, and every "1 t7. The ms or en a SOUMSTON ta very tilented and xecomplished Tight Rope w Orleans. Dancer, who gives some of the most astonishin ever witnessed, as Dancing, Somersetting, Master Johnston is also one of the best Ni fore the American pablic, ia both of whiel ir ateach performance ous dinary a ape and in ficult panied by the ott Tausical atertaiument Nes. Mozell, Miss Bernard; Miss Vhitheek, Mr. Bross very talente Fisher's Shai : iedime Rockwell, ‘une Teller: ‘ofthe Huma: Body, tobe seen privately aten extra cherge of 25 cents Adm: to the whole, 2 ceats: clvidren under ten years of age, and old evongh to walk alone, 12)¢ cents, Reserved front seats, one ing each extra Dhak aot Ha F AST CONCERT BY THE STEYERMARKISCHE Musical Company, atthe Tsbernacle, on Tuesdiy eve- nonary 25, 181% oa wh ch recession they witl appear, time,’ io their natrocal costume. Programme—t1. vetol,” Adam: 2 Ow ‘La Mn- Bumenlee to ” shilliny L Doors open at 6% Oo Mouday even at wh OF CE, if ab or the LIVI Move TS, mie ced, regardless cf expense, by P ofesor Calyo, who will introduce, with ‘some splendid Pictures, the GHEEK SLAVE. produced af- Ur Power's Statue. which will be exhibited This Evening — ‘Also. the Palmetto Band, with songs, glees, &c.: M Graube. Miss Cordelia and Mr. Savsoi songs, & WREK, WITH INCREASING SUCCESS— Select popen Enertainments at Columbion Hall, 265 Grand street, between Forsyth and Eldridge streets, by 1 S\BLE BROTHER?—songs, Dan ic. ke. every Mon he ‘iekets one Shil- MAMMOTH PA printed on three miles of cacy se. the worliyat the Pacorams buildin a Willer > txhibitions on Wedues weloe! x at 734 o'clock rres aud Saineday W oiinaty reese te time, 2 vew Crom C . Lemon; Mr Gt. Ab jncathy Pip, Mra Thayer) Yes R Mr. Wheatley Pas seul from the * Night melude with the extravagacza deoeral Bm Mr. \ King Artaxorrinies Me. Geo H. and Fus- A. Beckett ; Di Miss Chapmau.—To-mor- o NICS’ INSTITUTE LECTURES ety Library, 948 Drondway—trot AUMES teee eciure on fixperimental Chemitry. thie { Mondas) evening, "Cl . romine, vei ¢ eee Comantes, CO. L, BARRICT, 7 oping ot Actanty Pg — wey at the Insitute, 18 City Hall, Heited Suen Parent Le BARHITT, Agent. ; GPREAT §:OR (SHOOTING MATCH THe: suB. iber having proctred a tnrge number of Li be shot for an Turkeys aud other pew try, t! “Laat the Mth Tacwary instant et thy Hor Netty Bergen, New Jr MATCH FOR LI ‘vers end ry Mi for $25 amuseme vecttully ed to attend, 8 great ort is ex eeted. Refreshments of evers kind. If the above ey should be stormy. the spo t wili take p'ace the next fair CHAR? BA BULLING jay. Jan, 10. 184 “NNUAL BALL OF TH ITALIAN Mondiy eye- ‘of the fol- |. Giannin} : tleorge SEP A’ 8: cree ARENCH LANGA Gada ria, reapectfal + the public ah about t0 9 vEwo ny meet on Mondays, Fridays. One rf seven orelock; and eight t0 nine ok. Terma, rer, sbi + in vance. Subseriptions received iecalemy, hs ‘fhrond way. EFL OFF CLOTHING . cheat afer ah for sar eli ‘or the'snte iho eee oA NRA trict mare, ‘oan be aitonded to by Mrs. Levenstyn,”* THE REPLIES oF THE London, Liverpool, and Manchester Newspapers, TO IME NEW YORK HERALD, ON THE Financial and Commercial Prospects of Eng- land and the United States. {From the London Times, Dec. 25.) ‘There is something quite sublime in the spec- le presented by our cousins at New York. It is seldom that we find the flush of the conqueror and the gravity of the sage so sgesonielly com- bined. aving just subdued Mexico, or, to speak more correctly, having just got some six or seven thousand men into the city of that name, and about as many more ia certain other cities and positions of that remote and difficult country, the fellow-citizens of Washington and Frenklin recur with inereased zest to their re- publican speculations, and gravely predict the downfall of Old England and her various usur- tions. Reserving for themselves all their jopes, they gtve us the benefit of their fears. There are ‘a good many proverbs, domestic, sa- ered, and profane, which admonish the prudent to look at home, to cherish their own glass- houses, and to direct into their own doings a little of that sharp-sighteduess which we are too apt to think intended for the instruction and corvection -of our neighbors. Whether these proverbs are still remembered in the United States, among the very excellent £. s. d. maxims of Poor Richard, it is not in our power to say ; but we apprehend that in the long run it will be found that such maxims have not lost by time, or by passage across the Atlantic, any of that truth which they certainly possessed in the days of our forefathers. i ; > If the rest of the world is admitted to decide, there is, after all, a very strong family likeness between Brother Jowathan and John Bull. We are both fond of money, and fond of power; we both claim imperial attributes without very much caring whether our pretensions are entirely pa- latable to the rest of the world. We both con der ourselves fully entitled to elbow our way through the great crowd ofnations, wherever an opening or a yielding set of ribs may haply be found. We both moralize very abstractedly, ex- cept when some particular interest suggests th necessity of practical views. our sails to prosperity, as if we had the secret of its continuance. Once a year, at least, we both “take stock,” and get up a satisfactory account of our national affairs. We both are apt to pre- sume on a Sane redundance of wealth or of ower to make a plunge into the fujure without looking before we leap, or counting the cost. Yankees and Britishers are much the same for all this. We laugh at them and they Jaugh at us. Both, however, will do well to bear in mind this odious family resemb'ance. Monkeys are dis- gusting because they are only too like the hu- man kind. Whatever the Anglo-Saxous and Anglo-Americans find to reprove in one another, it may do them good. to remember that there is something very like it in themselves. With the most cordial and unaffected condo- lence, the New York Herald has been recount- ing all the disasters, difficulties, restrictions, vices, and infirmities of this unhappy nation.— Foremost in our misfortunes, it puts the Bank of England, bill brokers, and Jews, whom it es- sumes to be all ina ements 4 with the minis- ter to play fast and loose with the industry of this country. We do not know where the Transatlantic Mentor gets this view of the case, but it is obvious at once from this enumeration, and still more so on a perusal of the article, that the whole ot the mischiet consists in the vic’ tudes of wealth and poverty, without any refe rence to the particular authors or causes of fluctu- ation. Four or five years since, we had an im- mense accumulation of money, more than we knew what todo with. Qur pockets and our commerce were equally bursting with money. In fact, money went a begging. ‘Lhe tradesman went to his banker’s, and said, “what shall 1 do with my money ?” “Do you wish to invest or to speculate ?” said the banker. At first in- vestment was preferred. The money, however, was often left in the banker’a hands, an deposited by him in the Bank of England, or with some broker. Commerce was thus gorged with money. The streets of London were almost paved with gold. Wicked Queen Mab, in the disguise ofa Lombard-street broker, went about tickling the fancies of young ant old merchants and tradesmen. ** Why don’tyou extend your business a little? I can help you with a few thousands as low as 3 per cent. ,aod you can make 10 per cent by the use of them.” When commerce wus saturated, and really there was nobody who could take mere money into the regular channels of trade, then came rail- ways. The rest is briefly told.” Railways, lise acertain fabled ‘then’? of voracious celebrity, ate up first the tradesman’s balances, then the are of the Bank of England, the broker, aud “the Jew,” till capital was gone; and when the unhappy merchant came to ask tor a renewal of the accommodation once really thrust upon him, he was per force denied. Such is a true and sim- ple account of what the New York Herald rep- resents as a great public nuisance, in the shape of a national bank, aad a yile conspiracy of bro- kers. It acknowledges, to be sure, with a con- sideration for whi we cannot be too much obliged, that causes beyond our control have had some little share in our disasters. Famine, a straitened territory, and an inheritance’of debt, | have aggravated and hastened the effects of our impradence. ; i Now, granting all this, we beg leave to ask of our Mentor, what sort of example does he furnish in his own somewhat analogous career? Is he prudently and piously backward to catch up the illusory offers of fortune 7 Oa the contrary, the Union is just the most *‘ go-ahead” couutry in the world, aud 1s not at all ashamed to be so con- sidered. For proof ot it we need go no further than Mexico, or than New York, and the very street and house where the article before us was written. We neverwead anything more self-de- ceptive, or which showed so utterand immediate a torgetfulness and insensibility, ou the part of the preacher, to his own exhortatious. It is not the Pharisee and the Publican. It is something even more absurd. » The Pharisee of New York moralizes on the sins of us poor Publicans, and the next moment does the very same, showing the same rash coufidence in a prosperity that may not endure, and resources that Heaven may any day suspend or altogether deny, After about the most melancholy forbodings of our fate that ever were ejaculated in or out of Bedlam, the New York Herald, by way ot not even leaving hope at the bottom of our chest, gays—‘‘ We can- not conceive a more terrible state of things than what exists at this moment in Great Britain, and e look upon any attempt to improve them as eak and abortive, compared with the depth and extent of the evils experienced.” Aud thei turoing to its own more fortunate soul, it grac fully continues )— ‘The financial affairs of every State in the Union are daily improving, and the general governmeat has no- hing in the shape of ikely to deprec.ste the of its stook s#@ permanent investment ut fifty millions of dollars, wich a pidly, easing. have an income, over and above our ordinary annual w penditures, large enough to pay the interest on a public debt of 200 mil iors of dollars, Eighteen months of war have increased our debt only 27 milliovs of dollars, and 18 months more jar would uot add one-balf of that amount to the bt Our fiaancial aud commercial systems pon the soundest prinofples, and while we are it of @ war of invasion, every element of in- dustry, in section of the Union, is in full activity; our commerce is rapidly increasing, immigration con- tinues to be uninterrupted, the sales of our pubiic lands continue large, and the most healthy prosperity exists tment of busioess Compared with thi jat @ spectacle Great Britain presentato the comm We are rioh, and she is poor—not only posr, the of revolution, which may bot out tutions, aad destroy mar sources Wi ld within cur limits the greatest and most important elements of wealth inthe world. Our bance bye? will at all times metal urope, which will flo and while ho ‘4 ‘currency than w mo now hava; hange for our products, the only ‘of wealth im all. paste of the, world, the power of ‘regulating prices 0: firat place, s more valuable it will give us, in xo! recognised eviden: ciate the value ef our cotton crop millions of doilars. Prices of breadstuffs have been controlled by them, and we hi uffered some by being so dependent. The times fal obi We now oon- a tire cotton crop. The domestic conmumption of breadstuffe isso large that # very slight foreign demand puts up prices rapidly, and foreign consumers have to pay high prices for our Eos The increased consumption of cotton with- in our own limits piaces the manufacturers of Hurope in a position where they will be leas able to compete with us in manufacture} goods; and our markets will be aup- plied to a greater extent with ourown fabrics. Itoperates with twofold eset upon foreiga manufacturers, as it reduces their supvly in times of city, and cuts off markets for their goods. The manufacturing interests of the United States were never im@ mor prosperous, promising condition; and the inorease in the number is more rapid than many heve an idea of. In every seotion of the country mills are springing up. 98 ifby magic The eastern States no lopger monopolize this buiness; in the South, and at the West, the consump- tion of cotton is already large; but we have no official re- turns showing its extent ‘he consumption officially reported is of the section of country north and east of Virginia. Now thatjis a very small section of the coun- try, and if the consumption in it reaches 600,009 bales, the consumption of the remainder of the country cannot be leas than 20,000 bales, making an aggreagate of 900,000 bales. As extraordinary as this may seem. it will be reallged in 1848 We are spprosching Great Britain in cotton manufacturing much more rapidly than is dreamed of, even in this country.” One is really almost out of breath at the gor- geous enumeration. Revenue rapidly increasing, commerce ditto, immigration, public lands, *‘most healthy prosperity in every department”, cotton and corn, mines of Mexico, one steady, unbroken, current of gold, ‘ mills springing up by magic!” Is this the practical conclusion of the very sound homily to which we had been lis- teniyg? We listened as pupils, and pupils in disgrace. All at once the relation is changed.— It is now our turn to speak, and we will speaic in an Old England proverb: “Do not count your chickens before they are hatched,” Brother Jo- nathan . [From the Liverpool Journal, Dec. 25 ] Christmas may be happy, and alter Christmas things may take a turn; but at present, matters do not exactly mend. We have gold, we have corn, we have cotton, and we have sugar; but we have no relief frgm **pressure.” The screw is on us in the bank, although the bank is pletho- ric with specie; aud this fact has puzzled sundry people, who, to their own entire satisfaction, traced all our late embarrassments to the cur- rency. The talk with them ig, that the bank waa wrong; that the Chancellor of the Exchequer was Wrong; but that there must be something else still wrong ; that the alleged causes of dis- asters are not sufficient to account for their ex- tent and qgntinuance, and that therefore, the root ot the evil is still to be searched for ; that it lies deeper than ordinary people suppose ; that our enterprise, our industry, our wealth, do not afford us the security we expect from poverty and panic; and that as government has always kept the merchant in leading strings, it is possi- ble the fault appertains to mistaken legislation ; that it is a positive fact that we are not what we ought to be ; that about one-third of the habita- ble globe 13 ours, or might be ours; that the sun never sets upon the British flag; that our sub- jects till all soils, our ships navigate all seas; that we are speculative, resolute, and enterpris- ing ; but that, nevertheless, our trade languishes, our merchants lock more dull than cheerful ; that millions ot our laboring classes are paupers ; and that thousands of the best instructed me- chanics in the world pine in poverty for want of employment; that the obvious conclusion is, that there. is something ¢ssentially wrong ; that the State is to blame ; that we do not avail our- selves fully ol our resources; and that if Eng- iand declines, the fault will be traceable to feeble and foolish statesmansh'p. The further talk is, that we are becoming wo- manish in our fears; that we have narrowed our national views, and sought to govera the nation with shopkeeping ideas; that we have ceased to look beyond the ignorant present, and subdued noble aspirations to the common place percep- tons of the cowardly and the selfish; that when agteat people eschew national grandeur they perish; and that, as the destiny of man is eter- nally’ onward, he cannot pause in his career without commencing to degenerate; that there is abroad now an alarming disposition to politi- cal and commercial quietude; that traders are no longer endowed with big minds; and that the State, sympathising with them, is all for letting things alone; that this state of things is full of danger; that never before, in the history of Eag. land, were we in greater need of comprehensive and bold policy; that we stand in the presence of multitudes of manufacturing and commercial dangers; that, like Napoleon and a prior general, we have taught our opponents the art by which they are, unless we take heed, to conquer us; that we have no longer a monopoly of skill or markets; that m«chanics approach perfection,and that neighboring States will necessarily supply themseives with homely productions:that beyond these nations there is one whose high destiny we can only hope to enter ona generons rivalry; that the United States possess all the elements of greatness ia greater abundance than any other perme whoever existed; that it would be dis- jonest to question the fact, aud foolish not to admit itatence; that the Yankees haveeven a greater variety of climates than China, and a better soil; that they are Zeographically better placed ; that all the world is accessible to them; that they can, if necessary, grow tood for all the inhabitants of Europe, mires times told; tnat they have in them the true blood of Wngland ; that they doevery thing as well us Englend, and, as if in obedience to some mysterious im- pulse, they havea ‘go-a-headedness” which no- thing can restraia; that their statesmen’are full of forethought ; that they are now Withina week’s sais of the West, and will, by-and-by, be within aten days’ steaming of the Bust; that they en- counter us inChina, in Afri ia Chili; thy they are taking the whole trade from w they are sending us not only domestic artic clocks, chairs—but boots and shoes, and nea ly the whole material of our principal menutic: ture ; that they are endeavoring after « home and foreign supply of cotton cloth; that their mills multiply exceedingly, and that, as their mine- ra!s and coal fields are on a scale of immensity, they want nothing to defy competition but an increase of population. Although Jonathanis of our own flesh and blood, we indulge in a small prejudice against him, and the talk is, that, with a strange infatuition, we are sending him daily our best bone aud sinew— our laborers; that, in a foolish kindness, we are supplying him gratis with the only thing he wants—populativn; taking no heed of the fact, that our own colonies ure scant of inhabitants ; that we err egregiously in forgetting that t! colonies only add to the amplitade of Gr Britain ; that they are as much our soil as if they were added to our shore on the Atiantic, aud that have only to people them to iner our strength, our wealth, our independence, aud our security ; that, like America, we, too, have ooundiess pastures, ail kinds of climates, and that we, too, have a propensity to go a-lead; that we must husband our resources, and _pro- vide speedily for the future ; that Americ is al- ready a commercial and manufacturing power 5 that she threatens us, even at this moment, wih a disastrous competition, and that, unless we keep pace with her growth, we cannot hope to resist, her overwhelming influence within the next fifty years; that, not discarding economy, we must enlarge our policy, and sustain our en- terprise ; that Mr. Cobden cannot curtail our ar- my and navy without endangering our enterprise; and that what we must look to for safe.y, is aa increase of trade in the Kast, anda perfect idea- tity of the mother country end her coloat From the Manchoster (Eng ) Examiner, Dec 4! ) , The New York Herald, received by the last ar- rival from the United States, in oue of its bou ing urticles on the rapid progress which Americ has lately made, and the provability that “‘ New York will ultimately become the grand centre of commercial credit for the world,” endeavors to. show that the American cotton manulactures of America will very soon supersede Muropean competition. Already they consume, according to tne Herald, “ more than oae-fourth of the entire cotton cro; With a crop of 1,700,000 bales this might possibly be true, but how will it be witha crop filly per cent ue that, as the present one promises to be t ° The increased consumption of cotton, within our own Limits, places the manufacturers of Europe in a position where they will be less able to compete with us in manu- factured goods; and our markets will bo supplied to » — grater extent with our own fabrics. It operates with two-fold it upon foreign manufacturers, as their eupply in times of scarcity, and cuts oif marke' their goods, The manufacturing interests of the United States were never in a more yas, promising con- nd the increase in number is more rapid have any idea of. In every section of the lis are spricging as if by magic. The ‘a States no monopolise this business; io the South, and at the Wert, the consumption of ovtton is ite ex at. ike consumption ofsialy reported, 1 cf o the section of country north end east oF Virginie, Now that ie very small section of the country, the ~~ NEW YORK, MONDAY MORNING, JANUARY 24, 1848. tion in it reaches 600,000 beles, the consump- tion of the remainder of the country cnnnot be less than 200,000 bales—making au aggregate of 800,000 bales. As extraordinary as this may seem, it will be realised in 1848, We are approaching Great Britain in cotton ma- ‘aufacturing much more rapidly than is dreemed of even in this country The Standard, whose hatred of manufactures ts sufficiently well known, quotes the statement of the New York paper with evident delight. st plumes itself upon having “more than oace redieted the extinction ef the cotton manu- facturé as the inevitable effeet of free trade,” aud the statement of the Herald is given as proof of the fulfilment of its prediction. Bat how has the New York Herald ascertainad that the annu- al-cousumption of cotton in the United States is 800,000 bales? According to the best infor- mation we can obtain, the total quantity of cot- ton conyumed in the United States last year wa only 422,000 bales. The following table of the quantity consumed in each year ending 31st Au- gust, from 1829to 1846, will show the rate at which manutactnres have increased in the Uni- ted States QUANTITY CONSUMED BY AND IN THE HANDS OF MANUFACTURERS, Bales. 173, 1841. oreo 04412 1842, 196,413 1843, 216.938 1844. 236,733 1845 . 222,540 1846. seas + 422,597 From this table it will be seen that it has taken eleven years to increase the consumption from 216,888 to 422,597 bules. What ground, then, has the New York Herald for its estimate that it will amount to 800,000 bales next year? Supposing the increased consumption to go on at the same rate as ithas done hitherto, it will be 1856 be- fore the Herald’s exagyerated e: ated be re- alized. It is true, that the progress of consump- nthe United States is rather more rapid than in England; but unless the respective rates of increase should alter very much, it will take another generation, at least, before our Ameri- can rivals consume as much cotton as we do, even tf that bganch of our manufactures in this country should remain stationary. I: may be as well to mention, that although the quantity of cotton consumed in the United States is about one-fourth the quantity consumed in Great Britain, this affords no proper criterion of the proportionate value of the manufacture in the two countries. A very large portion of the cotton goods made in the United, is of a heavy description, requiring a large quantity of the raw material, and very little labor. So far as light goods are concerned, it will be many years yet before America can compete successfully with the manufacturers of Lancashire. [From the London Standard, Deo. 22 We have copied from the New York Herald an article upon the financial and commercial pros- pects of England, which we recommend to the serious consideration of our readers. The journals‘of the United States are filled with speculations, all tending to the same con- clusion—that the sun of England’s prosperity has set for ever, and that the day of financial and commercial greatness is now rising upon the new world. " “Lookers on see most of the game,” or, ac- cording to Madame de Stael’s version of the apothegm, contemporaries can judge with the calmness and freedom from bias of a contempo- raneous posterity. Doubtless the calculations of our transatlantic «insmen are influenced by the hope of grasping the inheritance of the Bri- tish empire; but ia their own rapid advancement atour expense, and the fearful decline of our iffairs, they have substantial grounds for all that they anticipate; and, indeed, in their quotations from the Londoa Times, which they use as the great authority upon the condition of England, they make out agood-@ase-for the mighty change whieh they flatter their fellow-citizens. Neither in any American journal, however, nor in any former number of the 7imes, have we, as we re- member, seen any predictioa of approaching ruin so formidable as the immediate transfer of all our West Indian colonies to the ‘ Napoleon of the West” (M. Guizot’s happy name for the re- public) which we find in the Times of this mora- ing. We copy the prediction for the informa- tion of our reader “ Now, it does appear to us, with every reverence for tho principles of free trade, that if ever there was.a body of men harshly dealt with in rid, those men have been the West Indian planters. They have been made the subject of coumpound experiment. | In thelr por- sons the world was to be edifled with an exemplifioation of sanotity im the suppression ef slave trade, and the of free trade. The two princi- ples are utterly at variance You cannot say toa Bri- tich gugar-grower—You must sell your produce at the same rate as the rest of the world , and at the sams time pay a high ‘What is the cost of 7 charges of transport and you pay for u freeman’s a for the same period of time? The price paid by the British planter is just about double the cost incurred by the Brizilian riv Do we wish, then, to restore slavery! God forbid! What we wish to fect is, to open the eyes of the public to the glaring ii consistency of endeaveuring to turn a sugar plantation under the tropics, from which apt labor is excluded for humanity’s sake, inte a free trade paradise. The first sonditiong of th gpa are cletriy wanting. There van be but one result of such a proceeding. The eugar islands will go out of cultivation. The fana of stars, nd etripes lies no great distance, American sym- 'y will become strong as British interest grows werk. Che Antilles will be taken into cultivation again on the slavery principle }d restored to their former degree of produetiveness Ire trade wili competition so unequal, and steps of free trade. Lot not the men of buckskin breeches and vegetable minds, the Tyreils, the Buck: Knightleys, conceive there is any admiesior affects thelr own corn and turnips. Sugar stands apart from other produce, from the nature of the climates in which it must bo gcown, as well aa from the conditions 2 which we have presorived its oultivation. We have /waya considered even a moderate degree of protection ‘the W eat Indian colonists utterly indefensible, on th found of eoocomic science It was a tax levie British empire for the suppression of slavery, England voluntarily made herself poorer every year, that th slave trade might be put down There wos reasoi isast in this method of carrying eut her views [+ was & very different principle from the maintenance of the Coffin Squadron, in the midst of the dank vegetation and foul miasm: the mouth of an Afrioan river Meanwhile, as it apppars to us, the result of our present West In he ruin of the the seizure of them by the United States; their renewed cultivation by @ slave population; and our ewn ultimate depend- ence on our,former colonies for slave grown sug: sad terminasion of ail our Iabors—the fruit of the expendi- ture of so much blood and treasure.”? This is all true ; but where did the Tmes learn to speak so much truth? The habitual readers of the Standard will be at no loss to answer the question. We claim to ourselves exclusively the praise of having demonstrated that nothing but protection, ample protection, can save the West Indian colonies from passing to the United States. Not. many weeks ago the Times put forth an article glorifying the African emigra- tion scheme as sure, if carried into eflect, not only to restore the West Indies to their former prosperity, but to. carry civilization into the bosom ot Africa itself. We met the poetical elogue after our {maoner, by a plain statement ef tacts—by firet showiog, what the Times is now. compelled to admit, that were the seurces of emigration absolutely unlimited, still free labor must be twofold more costly than slave labor ; secondly, by the proof that all the British s-ttie- ments in Africa (and free emigrants could be taken from no other) would not atford, though their whole population should be carried off, as many men, woinen, and children, as the actua number of Coolies brought to the Mauritius, tothe utter ruin of that unhappy island. We are the converters of the T'imes, whatever the convert may be thought worth, aad we suspect that we may count even Sir Robert Peel among our con- verts, for Mr. Hope's project of arresting the de- clining scale of differential duties on sugar at the present point, is doubtless a suggestion of the ex-Premier, as it exhibits all the features ot his compromising policy. We may observe, by the way, that as the present point is a point of ruin to the colonies, the compromise is worth- less. No; protection—ample protection—pre- sents the aly hope of rapa Weat Indies, and we eire noi what is said to the contrary by the persons ia this couatry who call themselves the West [adian body, and who arg really only desirous to rid themselves of all connection with the colonies by selling ot thei plantations or mortgages at the hightst penny—to protection, ample protection, we must come, if the colonies are to be saved. The restoration of protection, begun in the co- lonies, cannot end there. We ure so “vegetable minded” as not to be impatient; but we see plain- ly that if men are to pay high protecting daties tor colonial produce, they neither will nor can dispense with protection for their own industry We shall not shock the prejudices of the Times by claiming, at least in the first instanee, a res- toration of protection to the agricultural or “‘veg- etable minded” classes, bur take the evade manufacturers, Will the silk weavers of Spital- fields (already starving) be in a condition, if still unprotected, to pay a penny or twopence more daily upon their coffee and sugar? Will the undersold and starving cutlers of Sheffield, or the undersold and starving smiths of Birming- bam, and the small retailers of Loadon—already half bankrupt through free trade—be able to pay a higher price than at present for their frugal sup- ply of groceries? Nay, will the cotton manu- facturers, working short time at reduced wages, be able to aid in supporting the prices of colo- nial produce? These are questions to be answer- ed by such as tell us that the restoration of pre- tection isto end with the colonies. One word, however, about the cotton manufactures. We. have more than once predicted the extinction of that branch of industry, 28 the inevitable effect of free trade. Let ta hear what the New York Herald says upon the subject :— “The manufacturing intererts of the United States were never in more prosperous, promising condition, and the Increase in the number is more rapid than man; have any idea of. In every ection of the country peri ‘are springing up as if by magic. ‘The eastern States no longer monopolize this business; in the South, ths West, the consumption’of cotten is already but’ we have official returns showing its extent. consumption officially reported, is of the section of coun- try north and east of Virginia. Now that is very small section of the country, and if the censumption in it reaches 600,000 bales, the consumption of the remain- der of the country cannot be less than 210,000 bales— making an te of 800,000 bales. As extraordina- ry as thls may jseom, it will be roalised in 1843, We approaching Great Britain in cotton manufacturing much more rapidly than is dreamed of even in this eountry.’” We know the usual fate of a long newspaper article, namely, to *pass unread; and, thereiore, we have an anxiety to abridge this article in proportion to our sense of the importance of the subject of it; but there are two points suggested by the American journals, upon each of which we must offer a word of remark. First, the difficulties of England are referred to the public debt. Now, if we held this epi- nion, we should as warmly advocate the sponge asthe late Mr. Cobbett himself, for we cannot admit that successive generations are to be sa- crificed to the inviolability of national faith; but we believe nothing of the kind. We have seen England squander in foreiga loans, hundreds ot millions, notwithstanding **the debt;” and we know that if we have had interest to pay upon the debt during the last thirty years, contempo- rary nations have had to support military and other establishments in proportion to their abi- lity in the first instance, four or five-fold more burdensome than ours. France alone has, at this moment, a more numerous army than served for the empire of the world when Trajan ruled it, the greatest empire that ever existed. The debt has nothing to do with our difficulty; we must look to something else, and shall not have long to seek in our second point. The American journals tell us that their exports to Great Britain and her colonies exceed corres- ponding imports in the proportion of eight to one. Now, as produce represents labor, this means that we employ and teed eight American citizens for one British reat bee employed and fed by the Republicans. And so it is with the rest of the world: In fact, whoever purchases the worth of a dinner from a foreigner, instead of purchasing it trom a fellow subject, takes his fellow subject’s dinner, and gives it to the fo- yeigner. The truth of this is well known in Spitalfield’s already, but it will soon be univer- sally diffused. The four pound loaf may be ex- hibited at sixpence in the baker’s window, but the exhibition is a cruel mockery to the starving futher of a starving family, who has not the six- pence with which to buy it. We must not, pores forget the fate of long newspaper ar- ticles. (From the London Standard, Dec. 20.) , The public journals and authentic private ad- vices received from the United States by last mail, contain much important information re- garding the condition of those States, of deep importance to the general interests of this coun- try, and diflerent branches of our manuiactures and commerce. The produce from agriculture is everywhere most abundant. The cotton crop has been concluded under most favorable cir. cumstances ; and the amount is given at the most accurate extent to be £2,235,000, or 1,105,- 750,000 lbs. Se As Desh ‘The internal consumption will, it is stated, be 800,000 bales, viz: 600,000 bales in the Northern and 200,000 bales (average 450 ibs. each) in the Southern and the Western States forthe year end- ing June 30, 1848. ‘ Every where,” say these journals, “cotton mills are springing up as by the work of magic,’ throughout the Union, espe- cially in the Southern and the South-western States, in the places where the cotton is produ- ced. The American consumption will therefore shortly equal, and soon exceed, that of Great Britain. "6 The sugar crop of Louisihna is alse most abundant, and greater than ever before known. The produce of this crop will exceed 250,000 hhds., about 130,000 tons. The yield is very great, in some places exceeding two tons per acre. The produce of Indian corn is immense —600,000,000 bushels (75,000,000 qrs.), worth at rates quoted, 73 to 76 cents per bushel,£112,500,- 000! The production of iron goes on at a re- pidly Fea pid rate. It was boldly stated in Congress in 1843, that in the State of Pennsyl- vania they had meither capital nor skill to produce and manufacture railroad iron. In 1845 the first bar of this description of iron was produced at Manayunk, Norristown, Valley Forge, ond “un- der the efficient protection of the bill of 1942,” the produce this year is ‘ about 60,000 tons, al. most equal to the entire wants of the country, which, us the American journals justly boas! has already ‘saved miilions to the country. ‘The journals proclaim with exultation that while agriculture is the strength of every country, it is especially so of theirs. For the space of 100 miles aboye New Oricans, both banks of the Mississippi, to the extent of two miles on each side, are covered with the most luxuriant suger plantations, while similar plantations extend to a distance of more then filty miles below that ould this country but take a lesson’from American patriotism, protection and industry, how fortunate it would be for her. La the trade with our British West [ndia colonies, exclusive of Guiana, Honduras, Bahamas, and Bermuda, the imports into the United States, including freights, &c., were only 833,678 dollars, but the exports were 4,947,557 dollars, exclusive of freights and charges. This we call reciprocity, and of the utmost advantage to our national in- terests. , The American journals generally copy and notice with the utmost care, the various articles which appeared some time ago in the Ziimes journal of this city, deseribing the poverty of thi seth 5 ‘They dweli on these confessions, put forward by the ministerial organ, with pro- phetic exultation of the vast advantages which the United States must inevitably and directly gain from the state of things in Kagland, and the difficulties which now surround her. e mustdo them the justice however, tosay that they generaily do not speak + any spirit of hostility, but rather of regret at the present sad state of this country; but they unequivocally declare and believe that the policy which this country is pur- suing will effect, and rapidly, a complete revo- lution ing Great Britain, which wall overthrow everything thats established ia State or Cliurch, in colonies, in commerce, and manufactures, and which three latter they consider must ine- vitably tall into their hands, and make them the greatest pation on the exrth. We dare not ac- ucknowledge that Uncle Sim’s expectations and anticipations are wholly groundless. We shall take an early opportunity of laying some of these AMirnions of the American journalists beiore our readers. Baaks of the Mississippt, THE ENGLISH GOVERNMENT AND THE ROTHSCHILDS AND TRE BARINGS. [From the filinois Priaceton Herald.) We were very much interested, a tew days ‘o, in reading in the commercial articies of the New York Herald, a statement of the jnfuence exerted by the Rothschilds and the Barings over the operations of the British government. ‘These articles are written by a broker in New York; and whatever may be thought of the credibility of the Herald itself, the statements made wader the head of ‘commercial intelligeace” ore en- titled to great weight * The writer says tliat the British government,under the administration ot Sir Robert Peel, was influenced more by we Barings than the Rothschild», and that in the collection by the government of the statistics et the deficiency in the potato crop in 1545, the facts were made known to the Barings loug power which he wielded to increase that excite- ment, and the Bank of England, controlled as it was by the Barings and the Rothschilds, was a fit tool to further their purposes, and the in whieh they had bought at extremely low prices, was thus sold at enormons profits. When Si: Robert Peel gave place to Lord Joha Russel, the same speculations were gone into by the Roths- childs, who, being of the same political faction with the prime minister, became his eonfiden- tial advisers and flaanciers tor the govern- ment, The year 1846, therefore, witnessed the same results as those of the former year, the only differeace being a change of performers. These great speculators have evidently some great scheme on foot at the present time, some great speculation in some one, or all, of the sta- ple articles of commerce, and the present stag- nation will soon be followed by as great an in- lation of prices. We have tull faith in these statements, for upon no other ground can we account for the depression of the grain market in England, while im fact the money market is easier, and loans are obtained at a much less rate of interest. ‘The advices brought by the Hibernia show this to be the case. And why is itso? The crops are as short this year as last, and money is getting more plenty every day. In the face of all this, the prices for grain are de- pressed, and we are at a loss how to account for it unless it be from the fact that these overgrown speculators are indulging in some new kind of speculation. These statements are further sus- tained by the fact that many buyers came over in the last steamer. As to what article will be the subject of this speculative movement, we cannot divine, nor are we fully satisfied as to what will be the result of it. There is undoubt- or a ares scarcity of food in both England and Treland; but there is also as great a scarcity of specie with which to buy that food, and although these speculators may buy an immense quantity of grain with their overgrown wealth, the mass of the consumers will be sadly pressed for the ‘‘ready” with which to buy fromthem. There is also an immense surplus of the various articles of food in this country, and the moment that prices raise to a high standard, we can literally flood that country with our surplus. One thin, is sure, that the prices cannot be raised muc! higher in the St. Louis market, as they are now ata much higher rate than the foreign prices will warrant, the great demand being for home consumption. *Norg.—These articles are prepared, directed, and the first of them written, by the editor and proprietor of the New York Herald, from facts collected in the highest quarters during the visit in Europe. Others are written by his assistants and reporters—none by Wall street brokers.— Eprror Heravp. City Intelligence. ‘Tue Wearien.—The weather yesterday morning was very unpropitious, the sky was overcast with clouds, and the snow fell thick and fast. About ten o'clock, how- ever, the clouds broke away, and we again had» beau- tiful, aud pleasant day. Common Counc. —The Board of Assistant Alder- — hold a stated meeting at the usual hour this eve- ing. Fine.—A fire broke out, about four o’olock yesterday morning, inthe grocery store, at the corner of Clinton and Stanton streets, and the building, which was built of wood, entirely destroyed. ‘The larger part of the stock was removed before the fire spread too fer. It was co- vered by insurance. Narnow Escarx rnom Ropprny.—A vol nteel look- ing man, who gave his name as William }, was found in one of the basest dens of infamy, on the Five Points, op Saturday pint ta @ state of intoxication, with up- wards of $1,100 on his person. He had been decoyed as many are, into the miserable hovel, by one of the “ frail fair ones,” who became scquaiated with the fect that he had considerable money, and but for the interposi- tion of those who removed bim, would, in all probability have left the place, without « dollar in his pocket. He seems to be o stranger in the city, and that is the only cause for his stopping in that quarter, not having js kuowledze whither he was going. Liquon Stores in New Yorx.—We have been en- abled to gatner almost an accurate number of the retail liquor stores in the different wards in this city. It is al- inost impoanible to believe that there are now open daily upwards of two thousand nine hundred aa wiil be seen from the following list : — Ist ward. 60 ae ward. . « ith Seniovs Accipent.—A very aged colored woman, was knocked down and ran over by one of the Fulton ferry line of stages, in Amisy street, about six o’olock, or Sa- turday evening, and very seriously injured. It is eald there were no lamps lighted in that vicinity at that hour, and the evening was quite dark. Buaneo to Dearn*—Coroner Walters was called yeeterday to hold an inquest in King street, on the body of Patriok Clark, @ native of Ireland, aged 59 years, who came to his death under the following circumstances : The deceased had bven sick fer several months past, and yy evening he retired to bed with his us cl . His wife went down to the dock for the Purposs of gettiug some wood, and left the deceased alone in bed. On returning home, in about twenty or thirty minutes, she found ber husband on his knees, dead, with bi thes burned off his body. There was very littlefire in the fire place at the time, andin what manner the clothes of the deceased got on fire, could not be discovered. Verdict—death by being burned, his clothes having accidentally taken fire. Kxocxep Oversoann.—Tho coroner was called to inquest also upon the body of Stephen W.Thar- ber, captain and owner of the sloop Paragon, of Islip, Long Island, who was killed by being knocked overboard by the gaff of tho vessel. His lifeless body taken from the water ia the course of a few minutes the ocourrenco. Verdict—death by injuries received by being knocked overboard by the gaff of the sloop Para: gon. Mystentous Svicips.—A young man, of prepossessing appearance, committed cuidide at six o'clock yesterday avening, by jampiag overboard from one of the ferry boats for Jersey City. Every effort was made to rescue him, but all proved vaio, he having sunk as soon as he jumped over. He had been geen near the coal box tor rome minutes before the commission of the fatal act, and it is supposed filled his pocksts with coal, that he might at once go to the bottom of the river. Immediately bafore jumping over he handed a note to Mr. J. P. Reese, of Philadelphia, who was on the boat at the time. The following is a verbatim copy of the note :— “ the cause of this cruell th of Mine is Best Known to My Relations When they see this in Print. farewell to this World. Please Deliver this to the Herald office. BASFORD,”’ His name is supposed to be Basford, from the fact that he affixed that name to the note. There is some mys- tery connected with this unfortunate affair, but what we are unable to say. We give the facts just as wereceived them jell gence. hief Justice Oakley. —td- who had been lately arrested being concerned with Andros, the counterfeiter, wan brougut before the Chief Justice on Saturday, on & writ of habeas corpus, and admitted to bail in the sum of $3000. ‘here are three indictmenta agalast him—one for passing counterfeit money, another for being an acce with Andros, and the third for se casting him after he had been let out of prison on sham 1. In Cnamonne: mitted to Bail on a bench wart: Covet Caresoan, This Day.—Common Pleas Part 71,78, 75,79, 91, 87, Part 2d—48, 50. Dip Tay att Fiour The Washington Cor- respondent of the Charlesion News, says:—-Gen- eral Quitman, a day or two ago, in conversation with a friend, related an anecdote. { have not yet seen it im print, and wiil, therefore, relate it in nearly his own words, “General, did they all fight? * Fight!” be exclaimed, and ‘his eye kindled with en~ thusiasm, “I'll tell you. Within a mile of the city of Mexico, where you know we had hard fighting, I was standing talking to General Shields as to the mode of action. Before us the Mexican cannon were belching forth fire and smoke, and the musketeers were not idle. Gen, Shields left me’ [ took out my pocket glass to Tecomnoitre, to see where wocould mske the most ef- feotive attack; and while | had it to my eye, | heard something iall heavily near my feet. | looked down, and beheld it was one of my men. \ ball hadstruck bim in the knee, and he was bleeding profusely. His wound was tied up with » handkerchief, aud he was removed about five fest from me. | was interested for the man. He wos unable to sii even. He had twisted bimself around, and «as feliag for bis musket, which he finally canght by the bayonet, and drew it to bia. Oceasion ally I glanced in tie direction of the soldier While | hud been attending to other matters, he had turved ou his side, and had actually his gun in shooting porition. Ho fired at tho enemy! I approaehed, and remarked to him, ~My good fellow, haven’t you had enough of fightiog yat ’” He looked at me, and.ina tone which seemed to nak forgiveness, repl Way General—l- coulda’t—heip—it ” © This is the spirit,” continued General Qaitman, “whieh animates our army; ali enough before it was known to the commercta world, to enable them to send their agents (o all parts of Europe and the United States, and buy immense quantities of grain at low prices, and then sell during toe excitement which they were enabled to raise by the aid of the British government and their own enormous wealth. Sir Robert Peel used the creation can’t whip them, We are invincibie ° "Miscellaneous. ‘The Catholic church at Green Bay, was totally com- sumed by fire on Christmas morning ‘Tho loss of life on board the steamer A. N. Johnson, it is now said, has been greatly under-estimated. It ap- ross that instead of eighty lives being in all, one undred and fourteen persons were destro;