The News Of the Week
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is highly important in several points ofview-b but es-
pecally the commercial more than the political, socl-
al religious or any other species For two years past
commerce has been the principal occupation o.
the worlds active mind. The discovery OF steam ana
the application of this new existence,


Thrones, Nominations powers


the purposes ofcommerce, manufacturers ana loco


motion have created romantic spirit IN the business
pursuits of the day as the discovery OF America py
Columbus. The first vision OF the new continent SCI
the imagination of the old continent In name. Al
men became voyagers discoverers, conquerors' ana
merchants. romantic interest-a picturesque uia-
perry thrown around


"Your argoses with psrtly SAIL


which elevated the occupation of merchant IN the
age of Columbus to an equality with that OF war ana
the profession of arms. The dull eyes OF the vulgar
word-he bright eyes of beautiful woman were equal
" turned to the adyenurer returning from foreign
-ud the ocean, having just discovered new Is
uda,ds-new lands-new bengs-new anlmas-hew
: products-new any thing or every thing.


We are now i'm the midst of similar sensation ars-
ING from a different cause but producing perhaps
more wonderful effects. The discovery OF steam and
It's application to locomoton is changing the social
and POLITICAL but especially the commercial insutu-
tons of the old and new world During the last few
years the impulses of commercial pursuits IN England
are the studies of the day. Our news therefore from
that quarter during the past week is principally Of
commercial nature. The panic and pressure mere
and the reaction in prices are great and somewhat
startling. Yet they are nothing to what we had rea-
son to expect from the situation and prospects OF the
country.


The vast impulse given to commerce both in France
and Engand--the fresh development of new re-
sources-the rapdity with which some have made
fortunes have set all the rest crazy. Ral ROADS,
banks, manufactures, have increased prodigiousy IN
England. The reaction which has been gong on for
the last few months has been healthy process, and
the approach of the general Crisis which the last arr
walls brought us ought not to beget great-very great
Alarm single fact gives impress to the character
of England of the present day. At the session of Par
lament just begun, there were one hundred and
eighteen applications for charters for new rail roads,
extensions for old ones.


From France and the continent we have had
nothing particularly new. The government OF LOUIS
PHILIPPE still gees on-but we donot believe word OF
the idea that the Orleans family can quietly succeed
to the throne.


There seems to be a quarrel brewing between the
people of Frame and Engla against the Russian
government. The vlrulence of the pubic press IN
London and Paris on the subject Of the capture of
the British ship Vixen by the Russian authorizes, Is
perfect phenomenop of the age. II indicates the cur
rent of public feeling III western Europe. Inc con-
duct Of the Russian GOV ernment IN relation 10 Poland
will, some day. later, be eariully revenged
by the myrads of the free spirits of France and Eng
land EuroSe is gradually forming itself into two
camps-with two sets of opnlon-breathing ven-
geance and hate towards each other Al present. the
newspaper press of the old continent is the only ex-
ponent Of this state of feelings. war OF opnion is
made-an eternal war OF opinion IS carried on by
the public press Of London and Paris, against that of
ST. Petersburgh principally. Reason argument pre-
cedent, old usages, prejudices, philosophy religion,
every sentment every attribute of nature are brought
into play and made TO serve the purpose OF the mo-
ment. Two powers, two influences ase atwork; the
lightning flashes before you hear the thunder, or see
the Ihunderbolt.


In this land the news Of the week has been very
meagre, except the commercial news. There is no
interest in Washlngton-none In Albany-none away
from New York and New Orleans.
The week set i'm rather quietly, but il goes off like
ruffian. The failures of New York and New Orleans
form crisis in commercial history of no ordinary
magnitude: The continued deeter,ous action OF the
governmc nj the currency and on the revenue-on
commerce and manufactures is at length producing
lis natural effects We give in paper today all
the particulars of these failures far and as accurate
ly as known.
The fashionable is very rapidly drawing to
close When have we had winter SO gay-so fes- |
tve--so brigh-so beautiful the one just passing
Never-never. More enjoyment has been consumed
in the gay circles In one month than II was supposed
possible TO put nts year on the old system OF mer-
ry-makng. This increase Of eeght-this enchant-
ing developement OF the being called the beau, and
the brighter, beautiful creature called the belle
we have aided and assisted to our utmost power
New impulses-ncw worlds-new fecngs-new
hrobs OF cxtacy have been discovered and awokencd
IN the fashionable world by oar Prosporo wand and
our innumerabe "Ariels." What the discovery Of
steam power 10 commerce and locomotlon, SO |
has the establishment of the Herald been to fashiona
bic society in New York Ii has rcvolutlonized al |
most the whole fashionable world in a single winter
Oh ! woman, what dear dehghnul creature thou
art when thou art X pt in good humor, with l
plenty of admirers, plenty of money, and the Herald
regularly served upon thy toilette table every
inc at breakfast! Then, indeed, does


" =, good digestion wal, on appetite,


H. IA nj Inn mel.