The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1850-06-11 00:00:00

TUESDAY MORNING, JUNE 11, 1850.

SOME months ago, we were the first parties to
introduce in our columns a telegraphic despatch
containing important news from the United States,
conveyed via Halifax, two days and a half to three
days later than the regular advices by the mail
steamer. Our readers and the public were some-
what staggered by this unprecedented feat in news-
paper enterprise. The idea of news from New
York, extending to two or three days after the
sailing of the steamer was certainly a novelty which
might reasonably excite suspicion as to the bona
fide nature of such news. We had hoped, however,
that the character of the Liverpool Standard was
sufficiently well established to guard us from the
idea being entertained that we could be so incau-
tious as to circulate any information of the correct-
nets of which we were not morally certain ; and
we were, therefore, a little hurt to find several of
our contemporaries treating our despatches as
" purporting" to contain the intelligence which
they conveyed. The same despatch was given in
the London morning papers without any such ex-
pression of sneering incredulity.
We have since given many further dispatches,
conveyed through the same agency, and have fur-
nished to the commercial world facts bearing most
importantly upon the state of markets, &c. Had
we tripped on any one occasion we should have
paused. We have not done so, however. On
every occasion—and we have had intelligence,
upon the faith of which hundreds of thousands of
pounds might have been perilled—we have been
borne out by the facts as conveyed to us by the
laggard pace of the ordinary modes of conveying
news. Our cotton advices, per telegraph, have
been invariably verified ; and our market intelli-
gence has formed the most important feature of
our various dispatches, and never been challenged
as one-sided or mistaken. In fact we knew our
man, and his standing, from the first, or we should
have been sorry to have endangered the reputation
of our paper by giving our sanction to his infor-
mation.

We have been drawn into these remarks by the
unworthy and jealous spirit in which the tele-
graphic despatch per Niagara, contained in our last
paper, was received. That despatch exclusively
announced the important news of the landing of
an American force in the Island of Cuba, with
particulars, which were fully confirmed by the
arrival of the Pacific; yet we had nearly the whole
array of our contemporaries, from the Liverpool
papers to the London Times—`• Tray, Pompey, and
Caesar"—snarling at the intelligence, which we
adopted, as " alleged" news, " purporting to be"
by electric telegraph, via Halifax, and using other
forms of ignorant incredulity. Yet, since, we
have seen our news treated as what might have
been expected. Expected ! Why, the Times
doubted its correctness altogether, and babbled of
American fleets intercepting an expedition already
landed ! And we have never yet found one of our
contemporaries doing us• the bare justice of an
acknowledgment of their error and injurious suspi-
cions. We have a reputation to lose; and we
can assure our readers that they shall never be,
by us, misled willingly, or even by any culpable
incaution.

We give, at foot, a despatch received yesterday
through the same channel, and trust that it will
receive a little more respectful consideration than
that which, from pique, jealousy, or other motives,
has hitherto been given to our efforts :

AMERICAN AND EUROPEAN TELEGRAPHIC
AGENCY.—HALIFAX, N.S., May 30, 1850, 10 p.m.

(VIA TELEGRAPH FROM NEW YORK TO HALIFAX.)

New York, 5 p.m., May 30, 1850.
To D. Mac Clenaglian, Standard-office,
Liverpool.
HIGHLY IMPORTANT FROM BUENOS AYRES.

Six hundred of the Cuban invaders had landed at Key-
west after a narrow escape from a Spanish steamer. The
expedition is broken up. Tho Buenos Ayres packet of
the 30th March, reports a fresh inroad made into
the Oriental territory by a Rio Grande party, 150
in number, under Calengo, who were repulsed by the
Oriental Colonial Lamas, and completely cut to pieces.
Ilaytian Govt. had acknowledged the St. Domingo Govern-
ment independent. The Monopoly Law will finally be
repealed on the 30th June. The Philadelphia arrived
with half a million from California. Nothing later.

COMMERCIAL.
Corros.—Sales last three days 4,000 bales ; prices
in favour of buyers.
FLOUR advanced 12 cents since the Asia arrived.
YELLOW CORN 69 to 70 cents.
WHITE GS to 69 cents.
BEST WHEAT 1.47 to 1.50.

PROVISIONS firm.
LARD advanced 74-in barrels.

SHIPPING ARRIVED.—The ship Euphenia, Liverpool;
ship Canada, ditto ; Franconia, Glasgow ;
Cork ; John Cummings, Havre ; barque Louis, Cadiz ;
Hermann, Bremen ; Garland, Cork ; Mischief, Marseil-
les ; Nordaret, Newcastle; Lady Young, Liverpool; Gal-
wayArk, Newport; schooner Escort, Liverpool; Superior,
Cardiff.

W. A. Toomsom, New York.
D. H. CRAIG, Halifax. N.S.

WE fully expected that the meeting held on
Thursday last would be one of the most splendid
demonstrations which has as yet been made in favor
of protection to British industry and capital ; and
our anticipations have been far surpassed by the
reality. Whether we regard the number of impor-
tant interests represented on the platform and in
the vast assembly, the array of talent brought to
bear upon the question, the firm yet courteous tone
of the various speakers, and the enthusiasm and
unanimity which prevailed throughout the meeting,
its importance must be felt, and, by every candid
man acknowledged. Indeed we have ample proof
that it has been and is felt. It is proved by the
rabid yet pointless railing of the Free Trade organs ;
by the stereotyped flippancies, by which it has been
assailed. We are told that the staple of the various
speeches delivered consisted of " oft refuted falla-
cies," " threadbare sophisms," " illogical reason-
ings," and so forth. The galling point however is
that it consisted of facts, hard facts—irrefutable
facts ; of the details of mercantile experience and
suffering delivered in the presence of the leading
members of the first mercantile body in this country.
It comprised, too, some home-thrusts and re-
minders, which are well calculated to make some
of our philosophers wince and blush—if a blush is
n them.

We shall not attempt to offer a reply to any of
the cbjEctors. In fact it would be grappling with
shadows, or attempting to hold an eel in the hand.
Our free-trade friends offer us nothing substantial
to aim at. We must, however, briefly refer to the
remarks of one of these—the Manchester Guardian
—for the sake of the important and ludicrous
admission which t contains. Our contemporary
observes—

" We must admit that the scheme of getting up a
meeting at Liverpool, in favour of ' protection to native
industry,' was not devoid of ingenuity. The great port
of the north of England is not only in itself a very im-
portant place, but it contains a great number of persons
who are, or who imagine they are, deeply interested in
enabling one part of the community to lay taxes upon the
rest. What with West Indian proprietors, agents, and
mortgagees, shipowners, ship-builders, ship-carpenters,
seamen, and other parties interested in colonial monopo-
lies and in shipping, it is by no means difficult to whip up
a pretty good attendance at any meeting called for the
purpose of bolstering up or restoring monopolies. Then
the affair of Thursday last was got up with a considerable
degree of artistical skill. With a Lancashire nobleman
in the chair, Liverpool merchants and delegates from all
parts of the country en the platform. and the house well
filled with Liverpool artificers, the general effect was
imposing."

It must be confessed that this is a pretty impos-
ng and comprehensive catalogue of important
nterests arrayed against our, suicidal free-trade
Policy. It reaches from the to to the Lottom of
the social fabric, and is bounded a my by the length
and breadth of the British empire. Not an inter-
est in the community unrepresentaeil And what
do we find arrayed against the mUvetnent? The
free-trade millocracy of Lancashire and Yorkshire,
with a few so•called conservative millowners and
manufactetere hiding, [sulky and aehamed in the