The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-04-11

pahh " LhBiehu, ought IN no case 10 ieh"'' -'''
the least assistance TO that ungraeful institution Inc
Bank Of France you know, not like that OF Eng
land, purely commercial and financial ms hu'ion,
subject TO sudden changes according to the prosperity
or depression of the markets, or the revolutions III po'
itics II is merely largo reservoir of bullion 10 the
amount of which its paper issues are strictly proper
toned and thus il has of en- been able in times OF the
Creates, difficulties not only TO save the Government
from embarrassment and disgrace, but also TO extend
the most important relief TO individuals Inc BANK
of England is essentially Government insututioh'
the heart of her immense commerce and industry ana
as such, subject all the diseases to which the former
are liable, or at least affected by them. "A political
crisis therefore, is 10 be Crisis for the Bank oil
England while the Bank Of France paid its notes du
ring the cannonade Of the battle of Mont Martre-
Under these circumstances, it is expected that the
Bank of England will again apply for accommodations
at the Bank of France, which, if the journals are to
be believed, will not be granted.
As regards our trade with the United States, am
free confess that great apprehensons exist that the
next Congress will charter National Bank What
ever opinion may have been current here in former
times it is certain that the late swindng transactions
of the Bank Of the United States have so far opened
the eyes of the whole commercial world, that they
look upon the rechartering of such an institution
as the very worst calamity which could befal their
trade with the United States. II is very evident that
the institution would enjoy credit whatever in Eu-
rope and that its creation would fill the minds of the
whole commercial community with distrust The
Bank they say, will afford to the bankrupts new
means Of conceahng their insolvency, and thus we
shall not be able to know whom to trust. If the pre-
sent system continues or if the Government should
deem fit to issue Treasury notes for the purposes of
exchange and circulation the effect this side of the
water will be anything but unfavorable The Federal
Government is the only whose plighted faith has
never been broken, and it has at this moment more
credit than all the Banks in England and America
The German Union of Customs has received new
addition its territory by the joining Of the Duke of
Brunswick 1t is expected that Oldenburg and
Hanover will soon follow. This would bring the
league from the foot of the Alps to the North sea-
The Hanseatic towns are the only cities of any
consequence which not comprised in it; but
even these will, eventually, be forced to yield
by being excluded from the league, and by the
levyng of discriminating duties on all merchandise
imported by them. The two principal Hansealic
towns, Bremen and Hamburg, subsist now principally
by their trade with the United States The treaty Of
Bremen expired in 1887 puts the shp-owners of that
city on the footing as American citizens and
being able to sail their vessels cheaper than the mer-
chants of the United States sail theirs, the American
flag is almost entirely driven from the North Sea and
the Baltic. But the Americans are very much mis-
taken ifthey believe that their (passve) trade with the
Hansea,c towns opens to them the markets of Ger
many, or establishes their commerce with the manu-
featuring districts Of Sa1ony and the Rhenish pro-
vinces, on principles of reciprocity. The Hanseatic
towns have merely the carrying trade between the
United States and Germany. They themselves do
not consume much as suburb Of Philadel-
pha, and enjoy no privilege in Germany which
would not readily be granted by the League
to citizens of the United States. When those cities
shall have joined the League, then, and not till
then will the United States be able to treat with
United Stats have made treaty, not with nation,
but mere warehouse, in which the goods
sooner landed than they again exported to Den
mark Sweden, Prussia and Russia. The King
Holland, as Duke of Luxembourg, has refused to
join the League probably by the advice of En- gland
and the German press teens in denuncation agains /
him. The treaty, in fact, already signed by the
penipotentarics of Prussia and II bland and on the
point Of being ratified when the King thought pro
per to re,ract. 1t is impossible to oresee how the
matter will end Certain is that the policy of Ger
many with regard to Holland, is totally changed, and
that Prussia and the Southwestern States of Germany
will do every thing in their power make favora
treaty with Belgium as to gain the by he
way of Antwerp This would be of immense i'm
portance to Belgium, and deliver it of the tutelage O.
France, which acts prepostero usly its com.
merce.
The League of Customs which Austria attempted
to form among the Italian States has with little or
no success in the Papal States and in Naples but it
is now beley ed that the German States of that EN-
pre- viz: the Arch Duchy of Austria, Salzburg Sly
ria, Carinthia Bohemia, Moravia the Tyrol an d Vo
zalberg will probably join the German Union of Gus
toms, which, by that means would comprise popu-
lation of more than forty millions.
The difficulties between Greece and Turkey, to-
gether with the warike attitude of the Pacha of
Egypt, begin to threaten the peace of Eu-
rope. The English press, esp cally the Times, as
cribe this fai'ureo settle the aies of Asia to the
short-sighed policy Of Lord Palmerson but rather
think the Times and all the Tory presses of Eng aud
short-sighted The disease of the Turkish EN-
pre is incurable, it is internal disease joined to
age and decreptude and this is not in the power of
modern diplomacy to remove. The despo,ism Of
Turkey, its religion, the manners and custors Of
its people, cannot last in the midst Of the progress
of civilization. Its Christian subjects cannot
be expected to do it homage, and its repeated
defeats have even degraded it in the eyes of the
MUSE men, The attempt to resusci,ate Turkey
boz, /, fail
Administrations Turkey has vitality in her, and it
is not she whom the four powers wished to preserve,
but her territory, because the division Of Turkey
must inevitably lead to European war.
Russia is continuing her plan ofcoIonizing Poland,