{"newspaper_name": "The New York herald.", "edition": "01", "page": "p2", "byline": ""}
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The last English News-The Next that Is


coming.


We give in this days paper long and able letter
ON our Paris correspondent, giving full and in
resting resume of the news brought to this coun-
" by the last steamer. We do this, for the pur-
ose of showing our readers the importance of the
news to be expected by the next steamer now on
her way


BY the last accounts, relative to the deficiency in
the harvests of England, there was not sufficient
data form correct opinion of the amount Of that
deficiency Opinions varied 10 the extent of the
f lghsh crops in consequence Of which the flour,
cotton and other markets in this country, which are
always more or less affected by the state OF markets
in England, have been in an unsettled state
since. We want more facts-more news.


We are, therefore, in a most interesting and I'M
portant commercial crisis in the United States at
present. The banks have commenced an expansion
which will produce, if continued, as great specula
tions as occurred in 1867. In the large CONNER
cid cities the expansion began slowly about year
ago-but the banks in the country have recently
hurried on the movement TO great extent. This
great expansion in the country banks at the west
has probably, arisen from the in the price
of breadstutis-,his gave the impulse TO the banks
IN the northern and middle States.


In consequence of this excitement there will, un
doubtedly, be great speculation and initiation of
prices in railroad shares and all articles Of COM
merce, The next news from Europe will have
most important bearing on this movement. II the
crops should be very short, the effect will be to
lower the price OF cotton more than to advance the
price of The loss on our cotton might be
about $2O0O0,OOO, and the gain on breadstuffs
Sl0,O00,00O, which should supply-the actual
loss TO the United States would therefore, be about
Sl00oo,O00. On the whole the news must be of
very interesting character We expect to receive il
tomorrow or next day.


BEAcH's BANKING OPERATIONS are teased
by variety of requests coming from our cores
pondents, both named and pameess, to 'blow up,
Beach's banking operations, which are now going
on with extraordinary success upon the mechanics
and laboring classes of city and country One OF
those modern patriots, who wants us to do all his
dirty work at the lowest rate, sends US the follow
ing paragraph taken from the Cincinnati Gazette
of the 18th of November last, with an intimation
that if we do not publish it, we will be accused Of
having been bought up for s52, 900, more or less,
esteeming us Us valuable as our contemporary in
Wall street. Here is the GEM


From the Cincinnati Gazette, Nov 25l


SPURIOUS NoTEs.-Complaints reach IRON the
northern part of the State that the notes Of banks called
appearance in that quarter. We say, refuse to take
pass them. But while do So it is well to remark
Beach the locoioco editor of the Neg York Sun. Hs
is said 10 have taken interest in some new Bank in
Northern Ohio, for the convenient issue of such
paper Look out.


We pronounce this paragraph piece of unmiti-
gated humbug, and will not blow up Beach the
Banker. The notes Of his various banks with the
exception OF the Jacksonville and Monmouth,
which broke one day, are as good rag money as
any of the notes of any banking institution of the
! and, and we hope he will stick them INTO the pub
lie as deep as he possibly The community have
often been warned against Beach, and all other
bankers, by US, and never have received any
thanks for the paterna interest we took in their
safety and salvation Hereafter we are going to
take different course, and support banks of all
kinds-Beach's among the rest-and hope they
may circulate money, and keep the paper mills
going, over the whole extent OF the land.


Indeed, we have everyreason believe that there is
now splendid movement IN bank retention, bank ex.
pansion and bank initiation, that will coverthe breadth
and width Of the land. Pennsylvania and Ohio, and
the northern States are increasing their bank crcu
lation, and also creating number of new banks.
@ioHcy VIII Uc dL QeSCrlp-
tlons of paper money. Why should not Beach have
chance OF shaving this great and happy country as
well as any other banker in the land9 He is now
doing splendid business, and has lately added two
other banks TO what he previously had, the Bank of
Toledo, with capital of S2OO,OOO and the Bank of
Cuyahoga with capital of Sl5OOOO. 1t is calculated
that Beach, at his banking establishment IN Fulton
street in this city, which is the focus Of all his bank
ing operations, and in Wall street. redeems 800 900
or $4,000 per week, and makes by the operation
some $500 per day. He has probably in circulation
from all his banks amount equal to one million Of
dollars. He is just in the rising movement of the
tide, and in less than two years he will make for
tune OF 2O0,0OO, and will escape before the crash
comes on


AFFAIRS IN CALrFoRNA.-We mentioned yester-
day that new Governor with troops had been or
oered to California, by the Mexican Government
and that on the Both Of September they were daily
expected by the Californians It is yerv nrobahle
from what we hear, that if any troops 20 10 that part
ofthe country from Mexico, that they will be furnish
ed with the means by English capitalists 1t is as
well to recoect that several English capalists
headed by Macintosh & Co., loaned the MeNcan
Government certain sums OF money, for the securi-