The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-03-22

the same packet which CONVEYS this sheet carries
with him deservedly high reputation He enters
upon the Government of Canada under circum-
stancesmo favorable than any of his predecessors
OF lae years ne resources of that import ant ad-
Junct TO the British hardly fail 10 be de-
veloPed by the new measure for the importation of
Canadian wheat and flour into this country, to an
e4tens OF great, IL may be, astounding magnitude;
ana S,r Charles IS the sort of man. we take IT, TO
foster the new trade and extend it TO the benefit of
sound advice and comprehensive experience Tn
Engandhe stands well with all parties, Liberals and
conservatives. and the hope is, that the ground
winch has been won by his exceent predecessor as
lar as the French population is concerned, will not
be lost by him. The Times passes the follow ing
eloquent panegyric the new Governor
Whatever difficulties Canada may throw in the way
OF m new Governor, there small comfort in
necton that the same strength of judgment prompt
tude Of decision which attracted the notice Of ord Wei
lesly-hs vgor of action and courtesy of dsmea
nor which not only the esteem but the EN-.
bsrrassments of Lord William Bentinck-ths same
partalty discretion, and good temper, which
the most formidable opposition in Jsms:ca-still remain
unenfeebed and powerful to resist the H.
censo and TO smoothc the asperes Of faction ia Canada
In word Canada is to he preserved hands could
be more than in those of Sir c. Meca and we
are to the present Government Tor making
an appointment"
The creditors whe have advanced their money to
the regulating States in the Union have addressed
strong memorial on the subject to MIR. Everett the
American Minister in London, with request that
IL may BE- forwarded to the President for presenta-
ton to Congress, and TO the different State Legsla
lures. The memorial advances every possible ar
gument Tor the maintenance OF the credit OF the
States, and shows truly enough the almost ire
trievable injury which American credit has sustained
in Europe through the dishonesty OF the States which
have repudlated. 1t has received great number
OF signatures The most striking passage relates to
the straighened pecuniary circumstances OF the
Jority OF the sufferers, which subjOn Every
true American-eVery honest and right hearted man
must desire to see so foul a stain wiped from the
escutcbeon OF his country. The fact that in the
money markets OF Europe, American credit is lower
than that OF any ether government, ought TO stimu-
late every true born Yankee-every one in whom
the amor patr7e is not extinct restore the nation
al character to the same elevated position which
1t stood before reputation became fashionable
An impression, we understand, prevails very gene
rally amongst your people, that their creditors this
country are In great measure Of large fortunes to
whom failure in their securities little
inconvenience Even If such the case would in
our view OF the matter furnish ground for any depar
ture from the ordinary obligations OF good faith In fact
however though there may be few amongst us In more
auent yet by far the larger portion
in the middle ifeoicers on half
clerks-retred tradesmen livi ON
Of whom have vested their all in purchase of your
securities at high prices and depend SUBJ
si:tence some even for their daily bread. the good
faith OF your people"
The Bank of England has issued the following
notice respecting advances to the public The
Governor and Company OF the Bank of England are
ready, until further notice, to receive applications
for loans upon the deposit of approved bills of ex-
change, not having more than six months to run.
Exchequer bills and East India bonds; such oa ms TO
be repaid on or before the 18th of April next. with
interest at the rate OF ES per cent per annun, and to
be Tor sums OF not less than E9OO0 EACH In everv
case OF an advance by the Bank of England, in pur-
suance of the notice dated this day, a promissorv
note WILL be required whether the advance be upon
Bank Of England, March 2, 1S43. This is further
reduction Of one half per cent.
Vice Chancellor Wigram gave Judgment on the
18th ultimo, on bill filed by Nicholas Suisse, the
vallejo the late Marquis Of HEREFORD against Lord
Lowther and the other executors, to compel payment
OF legacies under the Marquis's will The Marquis
made nineteen codicils 10 his will, under eight of
which the plaintiff claimed legaces; in six OF the
cis he was classed with the other servants of the
Marquis The question which was before the Court
was, whether the legacy of half of the sum OF
El6,OOO given by the last codici as provision for
the servants, was legacy in addition to the former
requests to the plaintiff or whether it in subst
tuition OF such preceding legacies, which amounted
to fl06Oo The Court decided that it was addi-
tlonal, and decreed payment of the whole sum-
TRADE WITH CHNA.-The Gazette of the 18th ult.
contains an Order in Council, which, after reciting
the authority OF the Act and William ", +" to
regulate the trade to China and India" makes this
declaration =" Nov, therefore, her Majesty in
Councll is pleased, by and with the advice Of her
privy Council, to prohibit, and doth hereby proh-
Bit her subjects from resorng, for the purpos of
trade and commerce, to any other ports in the do
minions OF the Emperor of China than those of Ca
ton, Annoy, Foo chow-foo, Ningpo. and Shanghai
or than may be in the occupation of her Maiesty's
forces; and her Majesty Is peased to ORDER that anv
of her subjects committing breach or violation of
hsdlre ction shall, conviction thereof in any OF
her Majesty's Courts OF Record or Vice Admiralty
be, for every such offence, liable to penalty not
exceeding El0O, or to Imprisonment, for not
exceeding three months, at the discretion of the
Court before which the conviction shall take place"
COMMERCIAL SuMMARY.-The only bright spot in
the surrounding gloom is the measure about to be
introduced TO Parliament for admitting Canadian
wheat and flour, and United States wheat and -four
by way Of Canada, into this country AT fixed nom.
nal duty. Some doubts existed short time back
TO the sincerity OF the Government relative TO this
measure, but Lord Stanley has cleared away all
mist on the subject, by stating emphatcally that
the Government accepts the Interpretation put upon
his despatch of last year by the Governor General
and Legislature Of Canada. The bill passed by the
Provincial Parliament OF Canada, imposing a duty
OF three shlllngs per quarter United States wheat
going into Canada. only waits The receipt of some
information from Sir Charles Bagot to receive the
royal assent, and then bill will be introduced into
the British Parliament, virtually repeating far
Canada and the United States are concerned the
Corn law of last year. This is regarded in Eng
land as very important measure. 1t is so In reality.
nat It Will give a great impetus TO the trade be-
tween Canada and the mother country while il will
benefit the States OF the Union contiguous to Cana
da, seems unquestionable. II is an excellent move
m the right direction, and knocks down one of the
plliars In the arch OF monopoly The only regret is
that the boon did not come sooner The hold which
the principles OF Free Trade has taken upon the pub
tic mind is evidenced by the fact that scarcely
voice has been raised against the proposition while
year or two ago, the same proposition would have
thrown the country gentlemen" into fever. The
high protective party hors de combat az regards
numbers and argument and tbs not difficult to foresee
from al that is passing around us that the doctrine
avowed by Peel hImsef-buying in the cheapes,
market OF the world and selling in the dearest the
very essence of free trade-wl shortly be trium-
phant. But, as the adage has it, "whe the grass
grows the steed starves'
CAPE or Coon Hopr "A dvices ba ve bean rec.;v
ed from the Cape down to the 18th December
Some rather important military movements had Ia
ken place towards Colesbourg and Colonel Hare is
TO take the commend Of 1900 beyond the Orange
river. This activity has been caused by an often
sve movement in Adam Kok's district of the Gr
qua country, and open preparatinna 10 attack Ph-