The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1841-08-10

cept the certain defeat of the late elections in
Great Britain of the WHIG MELBOURNE MIN
IsTRY, and the certain success of Sir Robert
Peel and his party. The latter calculate upon
a full majority of 60; but the former though,
they give up their majority, will not quite al
low what they call a acorking majority, but
what we call in congressa regular and avail
able majority, Independent of all such things
as distractions. The conservatives have got
a good many Abstractonisis among whom the
wings now out of power hope 10 work out a
majority occasionally. Almost all the minis
terial leaders have been hard run, and same of
them are not yet supplied with places. o.
Cornell and his colleague were turned out of
Dublin, but the Irish %agitator flew to Meath,
and ousting a friend of his prospects there,
jumped into his seat.
The English papers of course are full of
these elections. Expresses had been run in all
directions, to hurry them. They absorbed the
consideration of all other subjects. American
affairs are hardly mentioned. There had
been many riots in the different large towns of
Ireland, and some in England. The journals
freely discuss who is to Surround the Queen,
and the wings want to know of Sir Robert
Peel what he intends to do.
The Continental news but hardly given in
The English papers, appears to be of no inter-
est. The Queen Of Hanover and Madame
Catalina are dead. There had been an emeutc
at Toulouse, but it was all over. A shock of
an earthquake had been felt in many parts Of
France. The insurrection in Gambia contin-
ued.
The effect of the English commercial news
upon our market has not been remarkable in
any article except in -four in consequence
of an advance at Liverpool to ESQ and d
and the unsettled state of the weather there,
there was a general rise here to-day, after the
news of the the steamer got about, of 25 cts.
per barrel. Common brands sell at $5,S7-
Western 5.62 to SIS; Michigan 5,62. The
cotton market was not effected. This staple
in England had felt some change forward and
then backward, but left off firm.
There is a project in London, | see, to have
nothing more to do with American State
stocks, and this by a concert of action upon
Change, until the interest on the stocks of all
the states is paid. The London Times mon
ey article proposes this with some animation.
This is something of a new move, and of a
character to arrest some attention.
In London, Maryland 6 per cent. stocks
sold ct rs; New York SIS at 81; Ohio 6s at
81; Tennessee 6's at 10; U. Shank stock at 4
pounds sterling.
In ROTTERDAM, England 60 lives were lost
by the roofing over Of a small vessel, inwhich
$50 persons had entered for a launch. Lord
Moretb, the Irish Secretly, was defeated in
the representation of the West Riding Of
Yorkshire.
Money is stated to be abundant in England.
One or two important failures though had Ia
ken place in London.
FOREIGN CAPlTAL.--A curiouSl illustration
of The consistency and honesty of the opposi-
ton Senators was shown by their vote On Mr..
Rives' amendment to the Bank bill, requiring
the assent of the States before the Bank could
establish branches in them. Theseggenllcmen
have held strongly tie doctrine thai lhe esiab-
lishment of branches without the consent Of tie
States was unconstitutional they have argued
so for hours, and then printed speeches to this
effect are upon record they 10 not profess 10
have changed their opinions, but 10 bod to the
same doctrines now, and yet nearly every ore
ofthem, Benton included. voted to give the
Bank the rover TO establish branches without
the assent of the States, in the hope Of render
ing the bill odious 10 the President aBd provo
king his veto.
There is one feature in the proposed National
I b0Dhs 10 II DAoLoo III AAO 1SAAtAN u t"O 'bhi'AFN
sion OF which we confess our surprise--thc
feature which prohibits foreigners from subscri-
bing 20 the stock. To prohibit foreigners from
voting upon their stock may be proper enough,
but if the capitalists of Europe are willing 10
place their funds in our possession, and beyond
their own control, why should We refuse 10 re-
ccive them? The country wants capital. and
applications for foreign loans are continually
made why should we refuse TO receive The
loans of foreigners in the shape of capital 10
the United States Bank? IF danger is aPpre-
hended from this in case of war, such apprc-
hension is surely groundless /; the possession
and entire control Of some millions of English
capital would certainly be no obstacle in our
way in a war with England. Should such a
disastrous event occur, our government wonhl
call upon the Bank for a loan 10 carry on the
war, and we should then be fighting England
with her own money. five ever 60 TO war
with anv country, The more We have of its cap
ital The better. Unless some better reason
Than VIC have yet seen can be assigned for The
provision excluding foreign stockholders, We
trust it will be stricken out. fit was inirodu.
ced in Difference to The prejudice against for
eigners, and TO deprive tile opponents of a Bank
of one claDtrap argument, it was in vain, for
with the usual fairness Of the opposition Sena-
tors, or perhaps with his own usual obiuseness.
MIR. Woodbury. argued that the foreign stock.
holders might vote the money of the Bank to
themselves in the case of presents and this too
after a provision had been adopted, first, that
foreign stockholders, if admitted, should NOT
vote, and second. that no foreigners should be
allowed 10 subscribe to the stock. Such tri-
fling matters as facts have very little to do with
the foundations of ~locofoco argumenis.-PrOo.
| idcnce TnrrnnI