The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-05-10 00:00:00

ARRIVAL OF THE CLYDE STEAMER,

SOUTHAMPTON, MONDAY MORNING.—The Royal Mail
Steam-packet Company's steamer, the Clyde, arrived at
Southampton at a late hour last night. She left Havannah
16th April, aril brings all the mails. They were landed at
Falmouth, and will not be received in town till to-morrow.
We have received by this vessel a file of Havannah pa-
pers to the 16th ultimo, but they contain nothing of im-
portance. The Creole men were liberated by the Court at
Nassau on the 16th of April.

The Clyde has brought a quantity of money for the pay-
ment of the Mexican dividend.

(From the Nassau Royal Gazette qf April 16
THE CREOLE MUTINEERS.

The 17 men who remain of the 19 originally confined in
the gaol of this town, under circumstances with which the
public are already familiar, were this morning discharged by
proclamation of the Special Court, or general gaol delivery,
which was convened for the occasion, and before which they
were arraigned in order that they might undergo a trial for
piracy, should any prosecutor appear. The United States
consul requested further time that he might procure evidence
to substantiate the charge ; the court, however, decided that
it would be most unjust further to detain the men, as there
was not even a possibility of procuring any evidence which
could bring the crime home to them. They were accordingly
discharged.

(From the same of April 6.)
The Teviott, Lieut. Crock, R.N., from Turks Island, with
the March Tail, is just anchored outside of Hog Island.
(From the same of April 9.)
The Teviott sailed on Thursday, about noon, for Havannah.

TO CORRESPONDENTS

Several communications stand over for consideration

Ely. Zibrrpool &tanbarb.

TUESDAY MORNING, MAY 10, 1842

On Friday evening, during the debate upon the in-
come tax, Sir Robert Peel declared his regret that "he
could not express any very sanguine expectations with
respect to a revival of trade. He was bound to say
that the arrival of spring had disappointed the antici-
pations he had formed ; for his impression had been
that that season would have been accompanied by more
cheering indications of prosperity than had yet ap-
peared." In this disappointment of the right honour-
able baronet, we must confess that, to a considerable
extent, we participate. We certainly did think with
him, and give expression to our opinion, at an early
period of the year, that the cloud which had hung, for
the past twelve months, over the commerce of the em-
pire, was about to disperse, and that the dawn of more
prosperous times was at hand. The incubus of a bad
government had been removed from off the energies
of our industrial and mercantile interests. The para-
lyzing fear of domestic and foreign entanglements had
given way to a confidence in the firmness, ability, and,
above all, the honesty, of the new administration. In
addition to this gratifying change of circumstances,
created by the change of government, the period at
which, under the ordinary course of things, a revival
of prosperity was to be anticipated, had, it was gene-
rally thought, arrived ; and we were fully justified in
indulging in those hopes, the failure of which Sir Ro-
bert Peel here acknowledges and regrets.

We never, however, anticipated, notwithstanding
the admission of some degree of disappointment which
we have already made, any sudden and large amount
of revived prosperity, and we are therefore far from
viewing with great despondency the existing state of
things. More than once we have expressed our con-
viction that, in our manufacturing districts especially,
the same degree of activity, the same amount of profit,
and the same rate of remuneration for labour which
has existed up to the period of this last check, would
probably never recur. We have got rid, perhaps for
ever, of what we have been accustomed to term " MA-
NUFACTURING PROSPERITY"-Of the addition of mill
to mill—loom to loom—warehouse to warehouse ! The
leviathan efforts of mushroom capitalists to encompass
earth and sea, and to drag their riches in heaps within
their clutch, will not again be made. The protegees
of joint stock banks will not be permitted to rum the
same race for the same ruinous stakes which they have
adventured upon in time past—in that day of bubbles,
whose explosion has left them to sprawl helpless to the
obscurity from which they were originally inflated.
The restoration of the fictitious and inordinate pros-
perity (!) which has enabled a race of kite-flying
schemers to strew every foreign market with stocks of
unsaleable goods, the property of unfortunate British
creditors, we have never expected or indeed desired ;
and although the symptoms of a return to solid and
permament prosperity, which we anticipated, we cannot
as yet with certainty discern, yet we see too many ex-
traneous circumstances, which have contributed to ob-
struct such a result, to permit us to underrate the power
of British commerce to right itself, and ultimately to
reassume its wonted healthy condition.
Amongst other retarding circumstances, we see our
Indian empire in a state of financial prostration—the
result of the depletion produced by the policy of the
Indian government of Lord Auckland. Our com-
merce with China is interrupted by a state of actual
hostilities between Great Britain and that country.
The condition of the United States of America is such
as to forbid, for a time at least, any extensive and safe
commerce with that country. In every market of the
world the trade with Great Britain is only recovering
from the consequences of inordinate stimulation; and
these are circumstances over which no government at
home—no revival of confidence at home or abroad—
no improvement in the social condition, even, of the
country—can exercise any material influence. In ad-
dition to these, however, the prolongation of uncer-
tainty with respect to the passing of the financial mea-
sures of Government cannot but have operated to
retard the revival of commercial activity. We know
that it has so retarded it—that it has, in fact, in many
instances, arrested those trading operations which,
under a state of certainty as to duties, &c., would,
under the worst condition of the internal administra-
tion of the country, have been made ; and however
much, therefore, we may have anticipated improvement
in commercial affairs, and however much we may be
grieved to see that no such improvement has taken
place, we feel, certainly, when we weigh all the con-
current obstacles which have intervened to prevent so
desirable a consummation, no great degree of surprise,
and certainly no extraordinary depression of spirits,
that the result which we contemplated is, as yet, un-
realized.