The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-07-17 00:00:00

THE REGENCY

The Clerk having read her Majesty's message on the sub-
ject of a regency, at the table,

Viscount- MELBOURNE rose and said—My lords, I now
rise for the purpose of calling the attention of your lordships'
to the message which I had the honour to bring to the house
yesterday, and which has just been read by the clerk at the
table. My noble friend on the woolsack will give notice of
his intention to bring forward, without delay, a measure for
the purpose of meeting that particular contingency to which
our attention has been called by her Majesty's most gracious
message. It only now therefore remains for me to do that
which I apprehend will meet with no opposition from any
part of your lordships' house, and which it is unnecessary to
enforce by any argument; namely,
.to move that an humble
address be presented to her Majesty, thanking her Majesty
for her gracious message, and assuring her of our readiness
to take those measures and those circumstances, which her
Majesty has recommended to us, into an immediate and ear-
nest consideration. I now move, my lords, that an humble
address be presented to her Majesty, thanking her Majesty
for her gracious message, in which she has recommended to
us the consideration of such measures as may best secure the
exercise of the royal authority, and to assure her Majesty
that this house will adopt suCh.measures as may appear to be
best calculated to maintain unimpaired the power and dignity
of the crown, and to strengthen those securities which pro-
tect the rights and'liberties of the people.
It was then ordered that the address be presented to her
Majesty on Wednesday next. - - - -
The LORD CHANCELLOR. then moved for leave to bring in
a bill to'carry into effect her Majesty's most gracious mes-
sage, and he should take the opportunity of stating the pro-
visions of the proposed bill on Thursday next.
Leave was then given to bring in the bill.
Lord LONDONiYRRRY then gave notice of a motion for any
despatches from the ambassador at Madrid, relative to the
settlement of the claims of the British Legion, on the under-
standing that Lord Melbourne would, in the meantime, in-
quire if any such documents had been received.
Lord BROUGHAM and Lord•BEDESDALE having severally
withdrawn the bills which they had introduced relative to the.
enfranchieement of copyholds,
Lord LYNDHURST presented a petition from a Mr. Salo-
mons, praying for the removal of certain disabilities under
which be laboured as a member of the Jewish persuasion.
One or two other petitions were afterwards presented, and
the house then adjourned nntil Thursday.

HOUSE OF COMMONS.—TUESDAY.
After the presentation of some petitions, and after some
notices of motions,
A. new writ was ordered for Louth, in the room of H.
Chester, Esq., who had vacated his seat by accepting a stew-
ardship of the Chiltern Hundreds.
Mr. HOME moved an address to her Majesty, to be gra-
ciously pleased to recommend to the trustees of the British
Museum, and to the trustees of the National Gallery, that
those places " he opened for the admission of the public on
Sundays, after Divine service, at such hours as the houses
of licensed victuallers, of sellers of beer, and of gin-shops,
are now legally ope 4 to the public."

Mr. liAilifiro-N seconded the motion.
After some discussion it was negatived`on a division: The
numbers being, ayes 44, noes 82 ; majority against it, 38.
Mr. GILLON then :noved an address to her Majesty, pray-
ing that her Majesty may be graciously pleased to appoint a
commission for the pirpose of visiting every parish in Scot-
land, with direction; to inquire into and report as to the
means of education enjoyed within the same, including paro-
chial and all other schools, and how far these means are
available for the prop education of the juvenile population
of each parish ; the number of youths of both sexes receiving,
and the number destittte of public instruction; with remarks
on the quality and'amount of the 'instruction conveyed; but
the motion was eventually postponed.
Mr. GILLON next moved resolutions declaratory, that there
have been voted by estimates for the year 1840-41, the fol-
lowing sums :—For the tniversities of Oxford and Cambridge,
£2006 ; University of 3t. Andrews, £lOO9 13s 4d ; King's

and Marischal Colleges, Aberdeen, 41,974 Os 8d ; University
of Glasgow, £1,360 ; University of Edinburgh, £2,580 ;
Royal Society of Edinburgh, £3OO ; Royal Irish Academy,
£3OO ; Royal Hibernian Academy, .£3OO ; Royal Dublin So-
ciety, £5,300; Belfast Academical Institution, £1,950; in
addition to various privileges and advantages enjoyed by va-
rious learned societies ; and he therefore proposed to move an
humble address to her Majesty, to represent that, while con-
siderable sums are voted for the higher branches of education,
in the benefits of which the higher and a portion of the mid-
dle classes participate, her Majesty will be pleased to take
into consideration the great benefit that would result to the
working classes if some assistance, such as her Majesty might
deem best, were afforded in populous towns towards the sup-
port of museums of natural history and works of art, and
towards the maintenance of schools of art, in such manner as
would aid the efforts of the community in the prosecution of
these objects ; and to assure her Majesty that this hcinse will
make provision for such assistance as her Majesty may be
graciously pleased to direct ;—but the Speaker declaring that
such a motion ought to be preceded by the appointment of a
committee, the motion was withdrawn, the hon. member
gixing notice that he should bring it forward next week.
Mr. MACKINNON moved the appointment of a select com-
mittee, " to investigate if it be in accordance with humanity,
justice, and good policy, to sanction, by legislative enact-
ments, the immigration of labourers, from the East Indies
and other parts of the world, into the colonies and posses-
sions of Great Britain."

Mr. V. SMITH, and other members, opposed the motion,
on the ground that it was far too late in the session to effect
any beneficial results by acquiescing in the proposition.
While the discussion was proceeding, it was moved that
the house"be counted, when, there being only 35 members
present, it was counted out.

HOUSE OF LORDS.—WEDNESDAY
The House of Lords did not assemble to-day.

HOUSE OF. COMMONS.-WEDNESDAY

Mr. KELLY gave notice that he would to-morrow move
for a bill to abolish the punishment of death in Ireland, ex-
cept in certain cases.
Mr. LABOUCHERE, in answer to Mr. HEATHCOTE'S in-
quiries, said that he could not at present state whether any
reduction of duty on wool in France might be effected, as
the commercial treaty with that country was proceeding, and
that he had not yet been informed by the Customs whether
there bad been any'frauds as regarded the providing of the
commercial marine with foreign biscuit, &c.
The lord's amendments to the Canada government bill, on
motion of Lord J. RUSSELL, were agreed to.
Mr. HAWES moved the second reading of the affirmation
bill, which, after some confirmation, was agreed to on a
division, the ayes being 49, noes 43—majority 6.
Mr. KELLY having moved that the house resolve into com-
mittee on the " punishment of death abolition bill," some
conversation arose ; as also, afterwards, in the committee
on the preamble, &c.
The remaining orders were afterwards disposed of.

THE UNITED STATES

NORTHEASTERN BOUNDARY

The following Message was received from the President of
the United States, by Mr. A. Van Buren, his Secretary.

TO TIIE SENATk

The importance of the subject to the tranquillity of our
country makes it proper that I should communicate to the
Senate, in addition to the information heretofore transmitted
in reply to their resolution of the 17th of January last, the
copy of a letter just received from Mr. Fox, announcing the
determination of the British government to consent to the
principles of our last proposition for the settlement of the
question of the Northeastern Boundary, with a copy of the
answer made to it by the Secretary of State. I cannot doubt
that, with the sincere disposition which actuates both go-
governments to prevent any other than an amicable termina-
tion of the controversy, it will be found practicable so to ar-
range the details of a conventional agreement on the princi-
ples alluded to as to effect that object.
The British commissioners, in their report communicated
by Mr. Fox, express an opinion that the true line of the
treaty of 1783 is materially different from that so long con-
tended for by Great Britain. The report is altogether ex
parte in its character, and has .not yet, so far as we are in-
formed, been adopted by the British government. It has,
however, assumed a form sufficiently authentic and import-
ant to justify the belief that it is to be used hereafter by the
British government in the discussion of the question of
boundary, and as it differs essentially from the line claimed
by the United States, an immediate preparatory exploration
and survey on our part, by commissioners appointed for that
purpose, of the portions of the territory therein more parti-
cularly brought into view, would, in my opinion, be proper.
If Congress concur with me in this view of the subject, a
provision by them to enable the Executive to carry it into
effect, will be necessary.

M. VAN BUREN

Washington, 27th June, 1840

MR. Fox TO MR. FORSYTH

WASHINGTON, JUNE 22, 1840.—The undersigned, her
Britannic Majesty's envoy extraordinary and minister pleni-
potentiary, has the honor to transmit to the secretary of state
of the United States, by order of his government, the accom-
panying printed copies of a report and map which have been
presented to her Majesty's government by Col. Mudge and
Mr. Featherstonbaugh, the commissioners employed during
last season to survey the disputed territory.
The undersigned is instructed to say, that it will of course
have become the duty of her Majesty's government to lay the
said report and map before parliament ; but her Majesty's
government have been desirous, as a mark of courtesy and
consideration towards the government of the United States,
that documents bearing upon a, question of so much interest
and importance to the two countries, should, in the first in-
stance, be communicated to the president. The documents
had been officially placed in the hands of her. Majesty's go-
vernment only a few days previously to the date of the instruc-
tion addressed to the undersigned.
Her Majesty's government feel an unabated desire to bring
the long pending questions connected with the boundary be-
tween the L nited States and the British possessions in North
America, to a final and satisfactory settlement; being well
aware that questions of this nature, as long as they remain
open between two countries, must be the source of frequent
irritation on both sides, and are liable at any moment to lead
to events that may endanger the existence of friendly nations.
It is obvious that the questions at issue between Great
Britain and the United States, must be beset with various
and really existing difficulties ; or else those questions would
not have remained open ever since the year 1783, notwith-
standing the frequent and earnest endeavours made by each
government to bring them to an adjustment. But her Ma-
jesty's government do not relinquish the hope that the sin-
cere desire which is felt by both parties to arrive at an amica-
ble settlement will at length be attended with success.

The best clue to guide-the two Governments in their fu-
ture proceedings, may perhaps be obtained by an examina-
tion of the causes of past failure : and the most prominent
amongst these causes has certainly been a want of correct
information as to the topographical features and physical
character of the district in dispute.
This want of adequate information may be traced as one
of the difficulties which embarrassed the Netherlands Go-
vernment in its endeavours to decide the points submitted to
its arbitration, in 1830. The'same has been felt by the Go-
vernment in England : it has been felt and admitted by the
Government of the United States, and even by -the local
Government of the contiguous State of Maine.
The British Government and the Government of the
United States agreed, therefore, two years ago, that a sur-
vey of the disputed territory, by a joint commission, would
be the measure best calculated to elucidate and • solve the
questions at issue. The President proposed such a com-
mission, and her Majesty's Government consented to it :
it was believed by her Majesty's
_Government that the ge-
neral principles upon which the commission was to be guided,
in its local operations, had ' been settled by mutual agree-
ment, arrived at by means of a mutual correspondence
which took place between the two Governments in 1837 and
1838.

Her Majesty's Government accordingly transmitted, in
April of last year, for the consideration of the President,
the draft of a convention to regulate the proceedings of the
proposed commission. The preamble of that draft recited
textually the agreement that had been come to by means of
notes which had been exchanged between the two Govern-
ments; and the articles of the draft were framed, as her
Majesty's Government considered, in strict conformity with
that agreement.
But the Government of the United States did not think
proper to assent to the same convention so proposed.
The United States Government did not indeed allege that
the proposed convention was at variance with the result of
the previous correspondence between the two Governments
but it thought that the convention would establish a com-
mission of "mere exploration and survey ;" and the Presi-
dent was of opinion that the step next to be taken by the two
Governments, should be to contract stipulations bearing upon
the face of them the promise of a final settlement, under
some form or other, and within a reasonable time.
The United States Government accordingly transmitted to
the undersigned, for communication to her Majesty's Govern-
ment, in the month of July last, a counter draft of conven-
tion, varying considerably in some parts, as the Secretary of
State of the •United States admitted in his letter to the un-
dersigned of the 29th of July last, from the draft proposed by
Great Britain. But the. Secretary of State added, that the
United States Government did not deem it necessary to com-
ment upon the alterations so made, as the text itself of the
counter draft would be found sufficiently perspicuous.
Her Majesty's Government might certainly well have ex-
pected that some reasons would have been given to explain
why the. United States Government declined to confirm an
arrangement which was founded upon propositions made by
that Government itself, and upon modifications to which that
Government had agreed ; or that if the American Govern-
ment thought the draft of convention thus proposed was not
in conformity with the previous agreement, it would have
pointed out in what respect the two were considered to differ.
Her Majesty's Government, considering the present state
of the boundary question concur with the Government of
the United States, in thinking that it is on every account ex-
pedient that the next measure to be adopted by the two Go-
vernments should contain arrangements which will necessa-
rily lead to a final settlement ; and they think that the con-
vention which they proposed last Kear to thp President, in-_steuttur trelrig 'framed So as to conAtitute ffere commission
of exploration and survey, did, on the contrary, contain cer-
tain stipulations calculated to lead to the final ascertainment
of the boundary between the two countries.
There was, however, undoubtedly, one essential difference
between the British draft and the American counter draft.
The British draft contained no provision embodying the prin-
ciple of arbitration ; the American counter draft did contain
such a provision.

The 13ritish draft contained no provision for arbitration,
because the principle of arbitration had not been proposed on
either side during the negotiations upon which that draft was
founded ; and because, moreover, it was understood at that
time that the principle of arbitration would be decidedly ob-
jected to by the United States.

But as the United States Government have now expressed
a wish to embody the principle of arbitration in the proposed
convention, her Majesty's Government are perfectly willing
to accede to that wish.

The undersigned is accordingly instructed to state officially
to Mr. Forsyth, that her Majesty's Government consent to
the two principles which form the main foundation of the
American counter draft ; namely, first, that the commission
to be appointed shall be so constituted as necessarily to lead
to a final settlement of the questions of boundary at issue
between the two countries ; and secondly, that in order to
secure such a result, the convention by which the commission
is to be created shall contain a provision for arbitration upon
points as to which the British and American commissioners
may not be able to agree.
The undersigned is, however, instructed to add that there
are matters of detail in the American counter draft which
her Majesty's government cannot adopt. The undersigned
will be furnished from his government, by an early oppor-
tunity, with an amended draught, in conformity with the
principles above stated, to be submitted to the consideration
of the President. And the undersigned expects to be at the
same time furnished with instructions to propose to the Go-
vernment of the United States a fresh local and temporary
convention, for the better prevention of incidental border
collisions within the disputed territory, during the time that
may be occupied in carrying through the operations of survey
or arbitration.
The undersigned avails himself of this occasion to renew
to the Secretary of State the assurance of his distinguished
consideration, H. S. FOX.
To the Hon. JOHN FORSYTH, &c. &e. &c.

Mr. FORSYTH TO Mr. Fox.

DEPARTMENT OF STATE, WASHINGTON, 26th JUNE,
1840.—The undersigned, Secretary of State of the United

States, has had the honour to receive a note addressed to
him on the 22nd instant, by Mr. Fox, Envoy Extraordinary
and Minister Plenipotentiary of Great Britain, enclosing
printed copies of the report and map laid before the British
government by the commissioners employed during the last
season to survey the territory in dispute between the two
countries, and communicating the consent of her Britannic
Majesty's government to the two principles which form the
main foundation of the counter proposition of the United
States for the adjustment of the question.
The undersigned, having laid Mr. Fox's note before the
president, is instructed to say, in answer, that the president
duly appreciates the motives of courtesy which prompted the
British government to communicate to that of the United
States, the documents referred to, and that he derives great
satisfaction from the announcement that her Majesty's
government do not relinquish the hope that the sincere
desire which is felt by both parties to arrive at an amicable
settlement, will at length be attended with- success ; and
from the prospect held out by Mr. Fox, of his being accord-
ingly furnished, by an early opportunity, with the draft of a
proposition amended in conformity with the principles to
which her Majesty's government has acceded, to be sub-
mitted to the consideration of this goveinment.
Mr. Fox states that his government might have expected
that, when the American counter draft was communicated to
him, some seasons would have been given to explain why the
United States government declined accepting the British
draft of convention, or that, if it thought the draft was not in
conformity with previous agreement, it would have pointed
out in what respect the two were considered to differ.
In the note which the undersigned addressed to Mr. Fox
on the 29th of July of last year, transmitting the American
counter draft, he stated that in consequence of the then
recent events on the frontier, and the danger of collision
between the citizens and subjects of the two governments, a
mere commission of exploration and survey would be inade-
quate to the exigencies of the occasion, and fall behind the
just expectations of the people of both countries, and referred
to the importance of having the measure next adopted bear
upon its face stipulations which must result in a final settle-
ment, under some form, and in a reasonable time. These
were the reasons which induced the President to introduce
in the new project, the provisions which he thought calcu-
lated for the attainment of so desirable an object ; and which,
in his opinion, rendered obviously unnecessary any allusion
to the previous agreements referred to by Mr. Fox. The
President is gratified to find that a concurrence in those
views has brought the minds of her Majesty's government to
a similar conclusion ; and from this fresh indication of har-
monyl in the wishes of the two cabinets, he permits himself
to anticipate the most satisfactory result from the measure
under consideration. . ...

The undersigned avails himself of the opportunity to offer
to Mr. Fwi renewed assurances of his distinguished consi-
deration. JOHN FORSYTH.

H. S. Fox, Esq., &c. &c.
On motion of Mr. Buchanan the message was referred to
the Committee on Foreign Relations, and ordered to be
printed.
COMMERCIAL .INTELLIGENCE.
(From the Morning Courier •and Enquirer)
NEW YORK, JUNE 30.—The steamer Great Western and
a London, Liverpool, and Havre packet will leave here to-
morrow. Scarce'any change has taken place for some time
past in the general aspect of commerce. The country was
never so abundantly supplied with produce of its own growth,
and at the same time a market for it was never more difficult
to find. The consequence is a great stagnation in business,
and a very diminished consumption of articles of import,
particularly of such as may be considered luxuries. It would
seem impossible that such a state of things can last much
longer. The increase of our population is such, both from
natural causes and immigration, that a demand on the indus-
try of foreign countries, bearing some proportion to its for-
mer extent, must arise, and, at- the same time, an opening
be given by them to the receipt, in exchange, of 'our surplus
staple articles. Public measures, now in agitation, which
keep the minds of men in a state of suspense, will soon be
decided, and probably have a vivifying effect. The sub-trea-
sury bill will soon pass, and this subject of disquietude be
removed. That it will in any other way have a beneficial
tendency is impossible to imagine ; but at the present mo-
ment at least it can do no injury. The revenue of the fede-
ral government has so fallen off, that the strange idea of col-
lecting it in a currency different from that which the people
receive in exchange for their property or industry, and seek-
ing for it safer depositaries than the people seek for their own
immediate money, must be comparatively innocuous whilst
the government has very materially to depend on the money
it borrows to meet its expenses. The bankrupt law too—
and foreigners will be surprised to learn that we have not
had one for forty years past in the United States—should it
pass, will probably bring into activity a good deal of com-
mercial skill and energy, which the absence of such a mea-
sure has kept dormant. _
The money market, here and in the Atlantic cities conti-
nues to retain the same features. An abundance of money
and little employ for it. The rate of discount as low as 6
per cent. Capitalists are exceedingly cautious, and seek
investments chiefly in stocks of the different States. The
51 per cent. stock of this state readily finds buyers at par.
The sales of stocks of other States advertised yesterday,
show a material improvement in their value, particularly of
Indiana, the 54 per cents. of that State commanding 924 to
100, interest to commence to the purchaser on the Ist of
July, and the 5 per cents. 93 to 934. Illinois 6's have been
purchased at 72 to 73 ex dividend. Arkansas have not been
in the market. Alabama, Indiana, Michigan, Arkansas, and
Illinois pay their interest in this city to-morrow, and due
provision has, we learn, been made for • it. It would scarce

be necessary to make this remark were it not for some
recent occurrences. The last sale of Ohio G's was at 98.

Pennsylvania has made ample provision for the payment of

the interest on her debt in specie. or its equivalent, which onr
readers will recollect we always predicted would be the case.
It is painful to reflect that there was ever cause to entertain
a doubt on the subject. There is much anxiety felt in re-
gard to the payment of a dividend by the United States
bank of Pennsylvania to her stock holders, and endeavours
have been made to create a belief that a dividend would be
declared. We.possess no information of a positive charac-
ter on the subject, but if we were to venture an opinion, it
would be that one would not be declared. The institution
by calling in her loans and diminishing her expenses, is evi-
dently seeking so to strengthen hereself as to meet any
emergency.
The state of our Foreign Exchanges is highly satisfactory.
They are now at about that pitch that will neither lead to
the exportation or importation of specie. The steamer and
packets to-morrow, as far as we can learn, will not take out
10,000 dollars in specie. There was an abundant supply of
bills to-day, and the dema-nd has fallen short-of general ex-
portation. The closing rates are—
London, 1064 to 107 Paris, 5 50 to 5 281
Amsterdam, ..39 to 302 Hamburgh, 35$ to 351

Bremen, 77 to 774

These all opened higher yesterday, but purchasers not ap-
pearing to the extent anticipated, drawers became anxious to
realize and submitted to a reduction.
The amount of business done at the Stock Exchange to-
day was moderate. U. S. Bank closed at 732--no change.
North American Trust advanced materially, say live per
cent. from the lowest rate of yesterday. A large amount of
their bonds fall due to-morrow, and some apprehensions
have been entertained that they would not be promptly met.
We are happy to learn, however, that no difficulty will
exist and no disappointment be experienced. The stock at
the Second Board sold at 342. _

The exports of Cotton iOVairope since the Ist of October,
1839, amount to 1,600,429 bales, against 932,807 last year,
and 1,384,184 the year before. To Great Britain separately
the export is 1,057,351 bales, against 685,985 last year, and
1,015,746 the year before. The receipts are 2,053,167 bales,
against 1,321,099 last year, and 1,710,711 the year before.
Prices of the article here are firm—we quote.
Uplands, very ordinary to middling, 7 to 9.
Fair to good fair and good, 9+, 91 to 10.
Tennessee and Alabama, 7 to 91.
Fine Mobile, Louisiana, &c. 18 to 121.

The arrivals of Flour within the last few ;lays have fallen
off considerably. About 1000 bls. Ohio have been bought
for export to England and France, at 4 dollars 31 cents to
4 dollars 50 cents. The stock in store of all kinds, including
but little Southern, is variously estimated at 50 to 70,000
bbls. During the month of June, the quantity inspected is
not far from 150,000 bbls.