Star.
London, England, 1820-05-30 00:00:00

cc As with individuals, so with the Natii

nomy must be resorted to in good earnest. The pro-
ductive industry of the country must be encouraged.
We must buy less, and sell more. We must become
manufacturers. A considerable portion of our ito-
pulation is idle, while we are giving activity to the
work-shopi of Europe. It will not do to tell us that
I we must cultivate the land, at this time, when pro-
duce will not pay for our clothing. We now see tha
miserable policy of looking to the national revenue
as the index of prosperity. The disastrous year which
filled our country with foreign goods, also filled our
Treasury; but it was at the expense of the People,
and is one cause of the present distress of all classes
of the community. Internal taxation is inevitable;
but we have no reason to dread it, if, at the same
time, our internal trade and industry are promoted."
On the same subject, The National Intelligencer
says—,g The necessity of a rigid attention to the ex-
penditures of the Government- is the more apparent,
at this moment, from a certainty that there will be
a deficiency of the revenue for several years, which
must be supplied by a reduction of the amount of
the Sinking Fund, by loans, or by internal taxation.
This.naturally leads the mind to the questions befoye
Congress, which may affect the revenue. We do not
yet think the revision of the tariff will be accomplished
in the present Session; we fear there will be no final
decision on it, but that it will be postponed to the
next Session. We say we fear it—and we do so from
the conviction that it is more important that the
tariff of duties should be now settled and hereafter
stable, than that it should be either of a greater or
less amount. It is the uncertainty, arising ftom
variable laws, and the resulting impossibility of cal-
culating with any precision, the result of Mercantile
adventures, that deadens commerce, and paralyzes
the enterprise of our merchants. We lidpe that,
since the proposition is entertained, it may be decided
is the present Session."
With respect to the Florida question, The Itati•
more Patriot says—..., We have information which
establishes the fact, that General Vives is fully au-
thorised to give full possession of the Floridas to the
United States, and to take further time to'consider
and adjust all the other subjects of controversy."
The general voice appears to be in favour of the
re-election of Mr. Monroe to the office of President.

Commerce is beginning to revive at New York.
We state with pleasure," says The Nero York Ga-
zette, " that the Spring trade has opened with more
spirit than was anticipated, and that considerable
good business is doing. For many years there has
not been known such a scarcity of sailors, whose
wages have risen horn eight to twelve dollars a month,
and•[ew to be had at that price."

The Worshipful Companies of Drapers and Gold-
smiths gave, yesterday, at their respective Halls,
'their Anniversary Dinners to their. Liveries, on ac-
count of the Restoration. They were numerously at-
tended, and much caviviality. prevailed.

B 7 the death of the Re'. Rums BARNIti, the Archdeaconry of
Totwes the Chancellorship of the Diocese of Exeter, and a Cansoßeade:niary of Enter Cathedral, become 'scant. Mr. Barnes
was 89 Yeas of age. •

{

LORI) COCIIR.INi.

Some furthet details of the operations of Lord
COCHRANE, previously tb the important capture
the fortress of Valdivia, in Chili, arecomtnunicated
in a lend from Valparaiso of the 22d of Februaryi
It appears that, after raising the blockade of Callao,
he proceeded up the river of Guayaquil, in pursuit'
of the Prueva frigate s but that vessel, having landed
her guns and .the greater part of her store% was carfi
ried so high up the river that Lord Coeuttatgewas
not able to follow her. He succeeded ia making
himself master of the small island of Puna, which
covers the entrance of the river Guayaquil) and sub,'
sequently captured two large Spanish merchant ves-1
sels, the Aguila and the Begonia, one of 1,000, the
other of 700 tons. The general state of affairs in
Chili had assumed a flourishing aspect. General
SAN MAirrtn had arrived at the capital frinn Men-
doza, much improved in his health, and there was
every'expectation that the expedition against Peru
would proceed to its destination by the latter end of
March. Nearly 7,000 troops could be rendered dis-
posable for that object. The resources, of the Go=
vernment had been materially benefited by the high
'duties on Chili produce, which had been exported
in large quantities to Peru. This ciicumstance pre-
sents an extraordinary pictur,e, in the supply of one
State with the means of subsistence by another, which
it the same time carried on with her the most deadly
and exterminating warfare. The English ships in
the Pacific, who. had become in this traffic, by
licenses from each Power, the medium of communi-
cation between both, had made large profits by it.—
The Chili Government had made some liberal enact-
ments calculated to encourage the intercourse •of
foreigners, and to prcmote the extension of their own
trade: It had been proposed to levy the full duty
of 941/2 per cent. on all goods in transit, afterwards
re-shipped for the ports.of Peru; but, on a represen
tatiou of the impolicy of this measure having been
made by the British merchants, the Government
gave permission that all goods declared for export,
when entered at the Custom-house, might be re-,
shipped by a payment of one per cent. on the valu-
ation. On all goods not declared for export, when
entered a duty of 71,4 per cent. was imposed. The
squadron intended to resume the blockade of Callao,
was expected to sail froin Valparaiso immediately,
when the embargo on merchant vessels in that port
would be removed.

RETRACT OP A LETTER PROM VALPARAISO, DATED

FEBRUARY t 2.

I told you in my formes letter of Lord Cochrane's entrance
into Guayaquil, but as this letter may not have arrived, I will
recapitulate the headsi—L•ord Cochrane went there with the
Lantaro, in search of the Pram* frigate; at night he enteral
the river alone, attacked and took two large merchant vessels.

one of thirty-two guns, 000 tons burden ; the other of twenty-
six guns, 600 tons burden; such a thing before was never known.
The entrance into Guayaquil river, on account of its difficult
navigation, was never attempted except in broad day-light, and
then with a pilot. The two prizes have arrived here—they are
laden with timber. • The Lantern arrived six weeks ago, having
a few days before her arrival left the Admiral, whose arrival
was also hourly expected.
" Many days elapsed, and anxiety was at its height, when a
Spanish brig of war, the Potrillo, came in; she had been cap-
owed by him off Valdivia, whither she had been sent from Cal-
lao, with money and stores for the support of that strong place.
Lord Cochrane had sailed there to reconnoitre ; he looked in, and
had just taken out his tompions, for the purpose of making a
dash, when the brig hove in sight, which he chased and cap-
tured. She had on board 10,000 silver dollars, and stores worth
4%000 more. lie wrote to me on the 2.3 d of Januarjr, saying
the Military Commander on that station had agreed to co-ope-
rate with him, and that in the space of a few hours he fhould dis-
possess the enemy of their hitherto impregnable hold, and wholly
free the Southern Provinces. He took 250 troops on board the
the Montezuma schooner, of 10 pus, and the in-
trepid brig ; but in leaving the harbour of Conception, the fri-
gate struck on a sand-bank, tore off the whole of her copper,
and she made eight feet water. The gallant Admiral, not, how-
-1 ever, dismayed, would not suffer himself to be delayed a single
litour—he went on in this state.

" On approaching Valdivia, the Intrepid struck upon a rock,
and was lost ; notwithstanding this, Lord Cochrane entered the
harbour, attacked the batteries, landed, assailed the forts him-
self, leading the men, and with his own hand planting the Chi-
Han standard in the great square. The place surrendered. It
was defended by 110 pieces pf cannon, mostly 24-pounders : an
immense quantity of ammunition has fallen into kis hands—the
military stores and chests of the Spanish Army of the South,
This place is by tre the *sanest hold in Chili, having a
narrow entrance, a spacious bay, with an island in the centre.
There are ten strong forts, defended as well by nature as by art.
6.- This is, perhaps, one of the greatest feats ever performed.
I have a letter frdin him, stating that he has one more blow to
strike in Chike, a place which, not being capable of defence,
must fall. He has sailed thither in the Montezuma, with the
Dolores transport, a prize be took at Valdivia, the O'Higgins
being too much dibabled to proceed in with safety.: He will be
here in a few days. These arc most important matters, as the
Expedition preparing here by San Martin may now leave the
country safely in peace, as the whole of Chili will be freed from
the Spaniards."

CARLISLE ELECTlON.—Wednesday afternoon. in
consequence of some skirmishes between the partisans
of Sir PHILIP MUSGRAVE and Mr. JAMES, the Riot
Act was read by Dr. LOWRY, and aborey afterwardi
the military were called in front of the Hall, who
loaded their pieces, and seemed prepared to act, if it
should be thought necessary by the Magistrates.--
On the opening of the Court, on Thursday morning,
the MAYOR observed, that the introduction.of the mi-
litary was entirely unknOwn to him; Sir Pritur
MusonAvs made the same declaration ; and Mr.
JAMES asserted; that in the event of his return, the
first thing he assuredly would do, in his place in the
House of Commons, would be to make a Motion for
calling to accotnit those indivitinali echo had so vio.
hated ihe Freedom of Election State of the poll on
the fourth day, Saturday last 1
tir, Janie, - - . 296 air laiiiip Maigrave
Disputed • . . - .5 Disputed .
Majority for 141 r. awes- •r.
1
The Candidates calculate upon 110 Freemen alert to poll. .

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