The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1845-03-28
From the Baltimore Sun.
/ ARRIVAL OF THE CAMBRIA.
ONE MONTH LATER FROM EUROPE.

le ONE MONTH LATER FROM EUROPE.
By the arrival Of the steamship Cam
bria, Capt. Judkins, at Boston from
Liverpool, we have advices from all
iaparts Of Europe one month later than
those received by the Hibernia. The
, news is highly interesting and import
ant. The financial report OF Sir Ro.
bert Peel exhibits very satisfactory
statement The notifications of the
tariff must have very favorable effect
on the foreign trade OF the U. States.
The cotton market in Liverpool is
buoyant. and every one prognosticates
the happiest results from the abolition
of the import duty on the raw material.
The sales on Saturday were 1850
bags; yesterday i2,060, and this large
demand has sadvanced the price ofsome
descriptions about an eighth, but the
Improvement is not general. The re
mission ofthe duty will,ake place when
tie bill passes.
The European Times says that "lew
things have given more satisfaction in
commercial circles than the intelligence
which came to hand by the last packet.
that the State ofPennsyvania has paid
the interest of its debt for the current
six months. 1t is de voutly to be wish
ed, for the credit of America in Eu-
rope, that the payment for the time to
come may be punctual. There is one
regret to mar the satisfaction poor
Sydney Smith is dead.s Pity that he
was not permitted to see the restora-
tion of American credit and character.
which, it is thought, he was not little
instrumental in bringing about! The
remittances on the dividends have al
ready come to hand"
In the financial statement made by
Sir Robert Peel on the l4th February.
besides the duties on cotton wool, coal,
glass, auctions, and slaves for casks.
which he proposes totally TO repeal, it
is also proposed to abolish the whole
duties on 4sO miscellaneous articles,and
the duty on sugar partially.
The income tax is to be continued.
The American provision market is
dull. The reduction in the price cf
Irish pork has impeded the sale Of Am
erican. Of butter from the United
States there is none in the market
Cheese is in steady demand, and COM
mands fair prices. Nevertheless, this
branch Of commerce is steadily on the
increase, ,and at no distant day will form
an important element in the exports
from America.
HE TARIFF AND REDUCTION OF DU.
TlEs.--Willmer's European Times says
that in the House of Lords, on the night
Of the Sd inst, Earl Clarendon put a
question to the Earl of Aberdeen res
pecting the American tariff, which he
said was not in accordance with exis-
ting treaties, and operated very preju-
dicialIy to British interests; China
shawls and other goods being imported
at a much lower rate than similar goods
from this country. To which the Earl
Of Aberdeen replied, that the subject
had engaged the serious attention Of
her Majesty's ministers,and respecting
which considerable correspondence had
taken place between the governments
of the two countries; but he was not
prepared to say that our representa-
tions had been favorably received by
the government of the United States.
Mr.. Roebuck, in the House of Com
mons last night, asked Sir Robert Peel
for full information regarding the pres
ent state of negotiations with the Uni
ted States government on the Oregon
question, justfylng his question by the
proceedings in the American House of
Representatives. Sir irRobert, in reply,
refused to give the information requir-
ed, stating that her Majesty's ministers
had not to deal with the House Of Rep
resentatives in the matter. Another
member stated that a work now pub
fishing in Paris by NJ. de Moprat, was
decidedly in favor Of the British claims.
There is no part Of the new financial
scheme which has given so much salts
faction as the abolition Of the import
duty on cotton wool. This tax has
been keenly felt by the English manu-
facturer. for it saddled him, on the Goa
ser description of goods, with ten and
twelve per cent more than his conti-
mental or American competitors; and
in the same degree j! has prevented
him, in the open markets Of the world,
from competing with his active and en-
ergetic rivals. 1t was tax on the pro-
ductive power of the country; and eve
ry one rejoices that it has been swept
away. The abolition of the duty ON
cotton will hardly be less popular in
America, from which we derive nearly
our supply; for what little extraneous
al G