American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1845-06-06
@ngtrteTn RepnbItra1I,
AND BALTIMORE CLlPPER.
FRIDAY MORNING, JUNE c, ls45.

RISE OF Sr,ra STOCKS, On receipt OF tie
late foreign Intelligence the price of Maryland
stocks Immediately advanced. Previous to,
Wednesday last they Were at 74-on that day
rs 81 we're offered and refused. This shcws
that capitalists have great confidence that there
will be no war; and, in fact, we cannot discern
any inst reason for a different opinion. In re-
gard to the annexation OF Texas, # that event
occur, 1t will not afford any fair preteXt for
either England or France to engage in hostlll-
ties with the United States and as to Mexico
we hardly suppose that she will think of COM
mencng war against us unless she can be as
sured Of receiving aid from abroad On the
other hand, should Mexico recognize the indie
pendcnce Of Texas, and the people and gov
eminent of the latter declare against anne1a-
ton, It viii constitute no ground of offence to
US. They are free to act for themselves, nor
can it be supposed that our government will
undertake TO compel compliance with lis wish
es On the subject of Texas then, we do not
believe that the peace Of the world will be dis
turbed. Nor do we think it more likely that
England and the United States will come to
blows about the possession of the Oregon Ter
rtory They are too wise and prudent to en-
gage in deadly strife for such a cause. The
Joint occupancy Of the territory might be con-
tinued for years to come without detrlment to
either party--nor do we believe that the peo
pie Of either nation would sanction war
which would prove SO ruinous to their interests,
when the matter in dispute can be so much
better aud sooner settled without resort to
arms. We know that there are persons in
both countries who are anxously endeavoring
to excite war spirit; bat neither nation is at
present in a condition to crafty this feeling
England could not calculate with confidence
on the cooperation Of Ireland in such a war,
notwithstanding the assurance Of Mr.. OCon-
nell that he will aid in humbling the pride Of
the American eagle. And the people of the
United States are generally SO heavily pressed
with taxes for state purposes that they will
hardly desire to have the expenses Of war
supeladded. Therefore, unless "madness rule
the hour" in both countries, we conclude, that
the amicablc relations between them will be pre-
served. God grant that such may prove to be
the case.
LET Us BE JUsr. A Baltimore correspondent
of the Annapolis Herald, in communica-
ton on the subject Of reform, the public debt,
SC, says-"It is now the boast of our city,
that she has always opposed appropriations to
that useless work-the chesapeake and Ohio
Canal-which is the source of all our difficult
ties and troubles, and the sole cause of that
harrassing, and fear, endless system Of direct
taxation, which Is SO justly hateful in the eyes
of the people of all the counties"
The writer is in error; for so far from our
city being able to boast, with truth, Of having
always opposed appropriations to the Chesa-
peake and Ohio Canal, it is an undenabe fact
that the first appropriation Of two millions of
dollars TO that work, and the appropriation of
three millions in the eight million BILL were
urged by the citizens of Baltimore en- masSs.--I
They held town meetings, forwarded memori-
ais, and sent dcputatlons, in behalf Of these APP
propyiations-and their delegates sustained
them in the legislature. 1t is not just, then, to
charge that the appropriations to the Canal
were made with the view to injurc the interests
of Baltmore-and if they are to be injured by
the Canal, the blow has been struck by her own
citizens as much as by others
Much msappIchension appears to exist up
on this subject, as we hear it frequently charged
against those who favor the completion of the
Canal to Cumberland, that they are hostile to
the interests Of this city--but such is not the
fact. The State has incurred debt for this
work, of s., 1874, $685., nearly one half which
will have to he paid by the citizens of Bati-
more if the Canal be not rendered productive
They now pay annually, interest upon tins !
debt, probably Sls0,000; and it is very natural
that they should desire to rid themselves of this
burthen, if it be practicable, by making the
Canal pay its own interest. Besides, as Balti-.
more was principally instrumental in fastening
this debt upon the State, it would DO neither
Just nor generous for US to endeavor to arrest
the progress OF the work, the completion Of
which we have repeatedly, by public resolu-
tons, declared to be indispensable to the inter
ests Of the State at large, and to those Of the
city of Baltimore in particular. The work
was undertaken with an honest and praisewor-
thy design; and ifthe expenses of its construc-
ton have exceeded all anticpations, it is matter
Of regret and not of ceusure.
We make these remarks to correct an error
into which the Baltimore correspondent of the
Annapolis Herald has fallen, no doubt uninten-
tionally; as such publications may have the
tendency to excite prejudice when perfact