Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1845-08-07
THE FOREIGN NEWS-RAILROAD IRON
&c Sc

" NJ ObA l.
THE FOREIGN NEWS-RAILROAD IRON,
&c, &C.
On Thursday last the steamer Cambria arrived
at Boston after voyage of only IL days. hours
and 80 minutes from Liverpool. With the Central
railroad in operation, the time from London to Mon
treal will be only thirteen days, when such passages
are made by the steamers. Now in no other mode
can the time be made short, unless the steamer
run to Portland-a thing they will never do so long
as the freight and travel for Europe concentrates
at Boston. Indeed, build the Central road and it
at once becomes the great thoroughfare for seven
tenths of the Canadian and western business; no
other route can compete with it. This fact it is,
with its large way business which makes the stock
of the Central road desirable to the intelligent
and sharp-eyed capitalists of Boston. But the
news by the Acadia bears very favorably upon our
road. Iron has fallen 20 per cent, and the pros
pect now is that it can be had much lower this fall
if asked cash in hand. We trust the stockholders
of the Central road will be ready to avail them
selves Of this favorable state of prices 1t is inn
portant, very: one-thrd of the cost of the road,
nearly, will be for iron and we should be ready
TO "strike while the iron is iolc The late reduce
ton in price would be equal to 100000 on the
iron required on our road. Now to enable the COM
pany to take advantage of the state of the market,
two things are desirable for Vermont: the first is,
to Immediately take The rest Of The stock desired in
This State; and the second is Jor every stakeholder
to pay has assessment Of 50 per share promptly on
or before The lst Of September Let not single
man be backward all should be proud of the OPP
portunity of showing both our ability and integrity
F This done, the capitalists who have subscribed will
feel perfectly sure of the success of the great
terprize and will pay in a very large bart of their
subscriptions many, indeed, will pay every dollar
on the LIST of September. Let Vermonters do their
duty, and all will nobly to the work, and en-
able the directors to avail themselves of every op.
portunity which occurs for advantageous contracts.
Annexed we extract from the European Times of
July 10. d
Commercial fThe demand for cotton is large,
but the requirements are for the legitimate purpo-
ses of trade. Spectators are not inactive. The
demand for export is large, and under these COM
bined causes, American has advanced per lb.-
The cotton trade, at all times the best commercial
barometer in England, indicates what we have else
where dwelt upon more in detal-the highly -four
ishing state of the country.
state owing to the reduction of stocks and the alb
sence of imports. There is necessarily but little
business doing, and the quotations rather nom
nal than otherwise. The absence of the requisite
supplies of cheese is felt, the article is becom-
ing popular, and would command had there been
good supply, fair if not improving rates. 1t will
be seen from the market notes that the daily arI-
walls expected to bring fresh stocks, which will
give stmulant to this branch of trade.
The quarterly meeting of the iron-masters has
E recently been held in Staflordshire. During the
last few weeks every description of manufactured
iron has been reduced upwards of 20 per cent,
The impression at present is that the market will
sink still lower. and some tall. is already
: about lowering the wages of the GOLFERS Many
of the speculations which have been and still are
before the public, must it is clear, be either aban
. doLed postponed, and a much less quantity of
iron will suffice than was some time ago calculated
upon. Speculation has thus received blow I'M
der the effects of which the trade is now rceinp
The price OF bar-!ron is now nominally Gl0 per
ton at the works. The demand at present is dull
and stocks are accumulating For the statistics of
the trade our market returns may be referred to-
The price of American stocks is looking up
f The determination of the "drab-coored Pennsyl-
vanians" to shame their traducers has produced
this improved feeling which exists in the Dourse of
Paris well as London.
Horrible Tragedy in .Agiers-T The last accounts
from Algiers bring intelligence of one of the most
atrocous and dlabocal cases of massacre that ev-
err occurred in the history of any age or nation 1t
is thus recorded in the Reforme, Partisan paper:-
On the 18th of june the expedition arrived be-
fore the grotto of the Dahara, in which the Arabs
) had taken refuge. Two Of these hillocks (nldmc-
touS) are united by sort of natural wall of nearly
100 metres in breadth, which crosses Il very deep
ravne. This wall is called the CAMERA. 1t forms
one of the largest grooes of the Dahara and since
the time of the Turks, the Arab tribes have here
found refuge against tyranny. The CAMERA on
one side has two entrances placed the one above
the other. On the other side, there are only very
narro% assures. Colonel Pelissier drew up his col
umn in front of the large openings. A hot fire
was raised from the openings which was answered
By usllade from the troops that less effective
than 1t otherwise would have been from the dark
ness of the place. During this time the troops
were busy gathering bundles of wood, and heaping
up stubbe and other rubbish. Colonel Pelissier
intended nothing less than to smoke and burn the
thousands of Arabs whom he supposed to be block
ed up in these subterranean caverns. The business
commenced. The combustibles were thrown into
the ravine. Fire was put to them and the fire
kept up till evening. This occurred on the 18th
of June. On the morning of the 18th, the Arabs
ventured to come out of the cavern. They came
to hear the propositions of the Colonel They
were made TO pass through the camp, where they
could the immense heaps prepa red for their de-
structlon, the lighted torches, &c. They returned
to their caverns, there to perish with their wives,
their children, and their property. The conditions
made by Colonel Pelissier were severe that they
could not listen to them Then the fire commence
ed. 1t lasted the whole day from two O'clock and
was continued throughout the night. The soldiers
were kept at this detestable work by gangs and it
was assure you, frightful duty, for them, amidst
the heart-rending cries and sounds which arose
; from the interior For long time the fire rose in
double column at the two entrances to the cav
ern, but on the goth there only remained mass
of haf-bumt and smouldering charcoal, and all
I ded that the cavern should be entered. A thou
sand persons accumulated in this horrible
dungeon, from which there was no issue. AT the
bottom dead bodies were found standing, the faces
of the victims being pressed against the assures
, of the rock, in the fruitless hope of getting