The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-05-17 00:00:00

VNITRD`STiTEr

ARRIVAL OF THE BRITANNIA

The Britannia royal mail steam-ship arrived at this poet
at midnight on Sunday. She arrived at Halifax on the 3d
instant, and after waiting there until noon on the sth, for the
Canadian mails, she took her departure for Liverpool, and
has consequently accomplished the passage in ten days and
three hours, being the shortest yet made by these unrivalled
steamers. We subjoin her homeward log and a list of the
passengers, who were 33 in number. The New York papers
which we have received are only three days later than those
brought by the Great Western. The steamer Caledonia,
from this port, arrived at Halifax on the 3d, having left Li-
verpool on the 19th ultimo.
The Evening Express contains a long report by the Hon.
Caleb Cushing, from the Committee of Foreign Affairs, in
the House of Representatives, on the commercial relations
existing between the United States and the Colonial Posses-
sions of Great Britain, in the West Indies and on the Conti-
nent of America. "It is drawn," says the editor, " with a
full knowledge of our international commercial history, and
its facts are earnestly commended to the attention of com-
mercial men. Mr. Cushing shows us the imperative neces-
sity of a remodelling of our treaties with Great Britain. She
has got us on the hip, and we must get on our legs again.
The documents accompanying the report fill, in all, 218
pages, and it is one of the most valuable documents Congress
has ordered to be published." The pith of the report will
be found in the following resolutions, with which it con-
cludes :

" In fine, upon a careful examination of of the volumnious
diplomatic and parliamentary discussions and complicated
legislation bearing on this subject, and a deliberate conside-
ration of the present state of our commercial relations with
the British colonies, the committee lay down these proposi-
tions as the conclusions to which they have arrived :

" Ist. That it is the policy and the desire of the United
States to observe, in the regulation of the commercial inter-
course between the United States and other countries, prin-
ciples of equity, reciprocity, fair competition, and mutual
advantage to both parties.
" 2. That the existing arrangements regulating the com-
merce between the United States and the British colonies, in
the West Indies and on the continent of America, are une-
qual, unjust, and injurious to the interests of the United
States. . .

" 3d. That, so long as Great Britain persists to apply to
the vessels and productions of the United States, in the ports
of the British c olonies in America, peculiar regulations of
commerce between the United States and the British terri-
tories in Europe, it is the right of the United States, and the
necessary consequence, to apply peculiar regulations of com-
merce to British vessels and their cargoes in the ports of the
United States, entering from or proceeding to the British
colonies in America.
" 4th. That the continued imposition by Great Britain of
discriminating duties upon the productions of the United
States imported into the British colonies in America in ves-
sels of the United States, will justify the imposition by the
United States of discriminating duties upon the productions
of the British colonies in America imported into the United
States in vessels of Great Britain or her colonies.

" sth. That the continued prohibition to the vessels of the
United States by Great Britain of the indirect voyage be-
tween the United States, the British colonies in America.
and the British territories in Europe, or between the United
States and one and another British colony in America, will
justify the prohibition by the United States of such voyage
to the vessels of Great Britain, or her colonies in America.
Gth. That, if Great Britain :ee fit to adopt and pursue a
system of prohibitions and restrictions against the United
States, it behoves the United States to protect our citizens,
their commerce and navigation, by counter prohibitions,
duties, and regulations, and to decline to give free commerce
and navigation in exchange for restrictions and vexations.
7th. But that, before having recourse to measures of legis-
lative restriction, as the certain means of effectually guard-
ing and securing the rights of the United States in our com-
merce with British colonies, it is due to national comity to
recur, for that purpose, to friendly negociation with Great
Britain.

" And, in conformity with these conclusions, they submit
the following resolution, the adoption of which they recom-
mend to the house ;
" Resolved,—That the President of the United States be,
and hereby is, requested to enter into negotiations with the
British government, for the purpose of effecting a permanent,
equitable, and just conventional arrangement of the com-
merce between the United States and the British colonies in
America."

The secretary of the treasury, under a call of the House of
Representatives, had in preparation a report on the subject
of the tariff, accompanied by a revenue bill. The call was
made directly on the secretary, and the bill and the report,
although they would, it was expected, meet the full concur-
rence of the executive, would not be a cabinet measure.

The notices as to the important negociations ping on at
Washington are scanty ; indeed, no information is given re-
specting them.

No Material alteration had taken place in the money and
stock markets in the short interval between the sailing of the
Great Western and the Britannia. Stocks had shown a ten-
dency to decline. A fair business had been done in foreign
exchange, which was without variation in price, namely, 107
to 107*.
The government loan did not take, and fears were enter-
tained that the embarrassment for want of money would
continue. Treasury notes were i❑ request at a discount of
/to per cent. The Washington correspondence of the
New York papers states, that "an agent would leave for
England, in a few days, with power to open a negociation
for the new loan."

In the Court of General Sessions, at Philadelphia, Judge
Burton delivered the opinion of the court, Judge Conrad
concurring, in the matter charging 'Messrs. Biddle, Cowperth-
wait, and Andrews with a conspiracy to cheat, &c., discharg-
ing them for want of probable cause. Judge Doran dissented
from the opinion of the majority of the court.
The West India mail steamer Medway, Captain Smith,
arrived at New York on the 29th ult., from Havana, touching
at Nassau, Savannah, and Charleston. She left Havana on
the 21st, Nassau on the 23d, and touched at Savannah and
Charleston on the 26th. She sailed on the 30th ult. for
Halifax, and transferred her mails to the Britannia, which
has brought them to England.