The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-11-23


present emergency A privy council must be called
e"e the ports can he opened, and announce
nient of such a meeting has yet been made, some
days, II is probable, may eansc before the policy Of
the cabinet viii be made public, The state Of things
IN these kingdoms at the present Time, with the
tainty of ''bread-stulls" coming in free, or at the
lowest nominal duty, must have considerable eff
feet on the price of those commodities in the United
States and Canadian markets. As proof of the
diversity of opinion which prevails in the cabinet
on the subject of resembling the laws, even for
temporary purpose, we may mention that another
meeting was held, at the house of Sir Robert Peel
yesterday afternoon.
The CoRN-LAw.--The members Of the ant.corn
law league, resident in Manchester and its neighbour
hood, held special general meeting in the Free
Trade Hall Of that town the 29th ult. The whole
area OF the building was densely crowded. and so
great was the anxiety felt by all classes of the peo-
pie to be present at the proceedings, that many la.
dies and gentlemen who attended were utterly una
BILE to find sitting accommodation Among the more
influential gentlemen who occupied seats on the
platform were X. Golden, esq, M. P, J. Bright,
esq, M. p, and ]. Brotherton, esq, M. p Messrs.
Golden and Bright addressed the meeting in speech
es of considerable length, and urged upon the audi
ence the importance and necessity of using every
exertion to upset and finally overthrow the present
system, that prohibits the free importation of COM
modities which form the principal portion of sus-
tenance for the laborng classes. Judging from the
present aspect Of affairs, and the wonderful change
which seems to have come over the minds of some
OF the corn-law advocates, there can be no doubt
but the days of agricultural protection" as it is
called, numbered, and that, long, the SSH
ding SCALE" corn duties, &c, will be consigned
with the Things that WERE With regard to the ad-
dresses of Messrs Golden and Bright, it is enough
to say that they were pointed and convincing in
argument, pleasing in style, and at times eloquent
and humorous.
CoTToN MARKET.-The cotton market, as re-
ference to our reports will show, continues in de-
pressed state; there is but little doing; and if prices
are not actually lower than at the departure of the
last steamer they may be said to be in favor of the
buyer. The cotton market reflects so faithfully the
general feeling Of the commercial word, that il may
always be regarded, and in fact is, the best index Of
the national prosperity or otherwise. A variety Of
circumstances will account for the depression which
prevails: foremost amongst the number, is the APP
prehenson Of a general panic, contingent upon the
fearful state OF the potato crop; the deficiency
badness OF the corn crops; and the absurd pitch to
which speculation in rails has been carried. Other
branches of business are suffering more or less
from these combined causes and as the winter APP
proaches, this feeling of alarm, there is too much
reason to apprehend will ratherincrease than abate
The news which came to hand last week by the
Cambria, gave no reason to apprehend that the new
crop will be much, if any, below that Of last year,
anu IL mas nau no peTcepuDle lnnuence on the trade.
Long stapled, it will be seen, is lower than at the
sailing of the last steamer; are Brazils, so is
common Egyptian; but the inferior kinds Of Amer
lean have not suffered much depression-albeit the
turn of the market is in favor of the buyers. Since
Friday, the LIST instant, the business has not inn
proved, and dulMess reigns supreme. Speculation
has disappeared; and in the absence of all activity,
the sales during the intervening three days, only
amount to about 5000 bags This stagnant feeling
has made itself felt at Havre, where,
pendent at that city States the kind Of lcthar
gy exists which at present prevails here
INCREASE IN THE IMPORTS OF suGAR.-Itis highly
interesting and satisfactory to learn that the imports
of sugar into Great Britain, up to this time, exceed
those of 1874 by $4,000 tons, of which l07eO are
from the West Indies, 1000 from the Mauritius,
4500 from the East Indies, and 1000 foreign pro-
duced by free labor. The increase in consumption
for the period of eight months has been "a 100
tons.
RAILWAY TRAFFIc.-For the last three months of
the present half year, has been received
for the conveyance of goods and passengers on the
various railways now opened in England; the length
of which is estimated at about ,lS0 miles.
The return published by the Bank Of England for
the week ending the 25,h of October, gives the
amount of notes actually in circulation f22 026,-
1l5-being decrease, compared with the pre-
vious week, of f227 $780, The public deposites show
a decrease of fl647 and the private deposites
ucCredSe OI aJUC - ~. Against tneSe the DdnK mas
diminished the securities held by 9l,1l8,414, and
the notes in reserve by 9l35,935.
The amount of bullion has again suffered de-
cline Of 9ls9 O22-the present aggregate amount in
both branches being el4,001 1863.
Trade in the manufacturing districts shows, in its
comparative prosration, the effect Of the various
causes at which we have limited in our publication
to-day. Nearly all descriptions of produce have re-
ceved check; but there is nothing SO gloomy
ahead, that speedy and healthy reaction may not
take place.
The iron trade continues brisk; and masters and
men well employed. In the price of pig iron a
slight decline has taken place. II is quoted at
"a l5s. in Glasgow Our market returns will show,
nevertheless, that the existing rates are still high
and remunerative.
The accounts from the sister island, for some
days past, regards the potato crop, of very
serious and alarming character. The failure dread
full in the extreme and the prospects before the great
majority of the lower classes truly horrifying. The
authorities at Dublin Castle seem to have directed
their attention to the matter. Commissioners have
been employed to visit the different provinces, and
to report to his exceency the result of their exam-
nation. Up to the present time, these reports are
of the most discouraging character. With peo-
pie stepped in poverty as the Irish are and dis
contented with ''the powers that be-" it is frghtful
to contemplate the consequence of scarcity. The
numerous railways likely TO be in progress Of for
nation next summer, and during the course of the
present winter will, no doubt, materially assist to
alleviate much Of the suffering that would other
wise ensue.
The agitation for repeal is still carried on. Since
the sailing of the last American steamer, a number
of monster meetings and repeal banquets have taken
places at all of which the Liberator figured as COM
mander-in-chief and long and eloquent orations
made behalf Of the darling object Of these pot-
ca agtators.
The Dublin papers state that the custom house
authorities in that city have been directed to make
arrangements for the admission Of corn, duty free,
on and after the LIST of November.
The "Times Commissioner" continue his re-
ports from the west of Ireland. He paints, in for
chile colors the wretchedness Of the people, their