The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1814-05-25

ton 10 this country, their effects must be OF
the greatest importance, and while we eioice
at the cheering prospect OF restoration TO the
extensive commerce of which Great Britain
has been SO long deprived, it is with feelings
OF sincere sorrow and regret, that we find
ourselves still at camity with that nation, with
whom, above all others, we have been the
most closely connected by the ties of individ-
ual friendship, and the general bond Of mu-
tually advantageous intercourse.
by the accounts this morning received from
France, it appears that the French Empcro:
is now in very critical situation. He is
almost surrounded by the Allied troops, under
the immediate command of the sovereigns
of Russia, Prussia, and Austria bis overtures
for peace have been rejected Lord yelling
ton is advancing from another quarter with
an English army superior TO tha; opposed 10
him, and leaving behind him the large and
populous city of Bordeaux in a state of open
Instruction, organizing and headed by the
Chief Magistrate of the place.-The Princes
of the House of Bourbon have already gone
TO take advantage of this spirit of disafieciion,
which is said 10 be spreading rapidly. In a
very few days We may expect intelligence Of
the greatest moment. In the mean time
Lord Castlereagh, who left this country 70 as
sist at the negotiation with Bonapartc has not
YET returned, and this may possibly be the
cause of the nonappointment of any Minister
from hence to meet the deputies of the Unit
cd States. Our Government may, however,
wish to hear of their having actually reached
Cote enburgh before this appointment, is made,
and most anxiously do we look for the ac-
counts OF their arrival, in the hope that it will
1ua1 sLo Il
those discussions which may happily tcrmin'
ate 10 an honorable peace.
The arrival of the cartel Fair American
at this port, on the 10Th Of February, after
a remarkably short passage of seventeen days,
had considerable effect in suspending the
demand for cotton, which we had before cx.
perienced. The intelligence which she
brought of the appointment of Mr.. Clay and
Mr.. Russell, as the American Commission
ers at Gottenburgh, was not Of itself more
;han We had been leG to expect by the agree.
ment Of the President to the proposals of this
Government for direct negotiation Indeed,
as the dispositions of these Commissioners
were not supposed by some persons 10 be par
tlcularly favourable 10 this country, we can
only account for tho depression in the market,
by adverting to the high prices at which al
most all the articles of American produce
were then held, and upon which the specula-
tor was hereby induced to reflect and also to
the feeling OF additional certainty, arising out
OF the knowledge Of this circumstance, that
negotiation between the two countries was alb,
solutcly about TO be commenced. The decline,
however, was not Of long continuance in one
instance, q parcel of Maranham Cotton, which
was previously worth shillings pence per
pound, was sold at shiliings pence; but as
most of the holders were not apprehensivc of
a furthor reduction, and the necessities of the
dealers compelled them to become purchasers,
the same parcel was sold at 2s. Id. per ID.
before the following week. Since that period
we have had several, though less important
reflections, until the arrival Of the Brazil fleet,
and vessel from Amelia Island, bringing
supply of nearly $4,000 bags. When the
whole of:hesc cargoes were landed and Brought
into the market, many of the importers, who
were realizing extraordinary profits upon their
investments, were very naturally inclined TO
sell some part, even at small reduction in
price, in order to accomplish an immediate
sale, and thereby guard against the risk of a
more material decline. Several parcels were
accordingly forced upon the market; and the
indisposition to purchase largely has been fur
thcr increased by the receipt oi 1882 bags in
the West-India fleet, 1868 in two vessels
from Maranham, 34oo in six vessels from
Lisbon, and 5229 in six We 'scls from Amelia
Island, makiug an addition to our stock of
$3.50 bags, since the commencement of the
present year, after deducting S 900 bags, as
the number taken by the regular trade since
the lst of Jan. The total stock of cotton
now in this port as given in the annexed state
ment, may be roughly estimated a, $4,000
bags, Of which it is supposed that s7oo are
upland and Tennessee, 500 N. Orleans, and
500 Sea Island from which it will be seen
after making every allowance for the unavoid.
able inaccuracy of such calculations, that
the quantity of American cotton, and moro es-
pecially Of N. Orleans, is very small, and the
prices are in consequence disproportiona,ely
high. In addition 10 this retrospective &C.