The New era. [volume] ([Portsmouth, Va.]) 1845-1847, 1845-12-24

Soutnern States desire peace with England, be-
cause they cannot afford to sacrifice trade in
volviDg two millions of bales of cotton annually.
The farmer of the Western States would be
equally DESTROYS TO let the statesman instead of
the soldier settle the dispute about Oregon, pro-
vided our laws enable him to send his produce to
so excellent market as Great Britain. Com
merce is always the soother of angry passions
the oil upon the troubled waters of contending
factions. it is upon this ground that, irrespective
OF his war propensties, large party in this coun-
try wish well to Mr.. Polk. They dislike his
pugnacity, but they are partial to the PRESIDENT,
because he is free trader and is desirpns of re-
ducng the tariff from protection" or prohibition
TO revenue. compromise on the Oregon ques-
ton-giving, on the part Of England, large
slice of territory in exchange for a liberal Ameri-
can tarif-has been put forth by some of the
New York papers, and cordially responded to by
several of the most Influential organs of opinion in
this country Such mode of settling the dis
pute would be @orthy of two of the horsepower.
full nations in existence.
The import of American wool continues. In
the course of last month considerable quantities
found their way to this country. Fault how
ever, Is made with the negligent method in which
some OF 1t has been prepared, and this has doubly
injurious effect-it deprecates the value of the
article and what is scarcely less injurious it Gre
ates prejudice against it i'm the minds of the
trade. hint on this head will suffice to work
a remedy. When it is deemed worth while to
export valuable article of merchandise, no pains
or care can be too great to accommodate it to the
wants and the taste of consumer
The price of iron has receded under the en-
barrassment which has overaken the speculative
world. There has been a falling off in the trans.
actions and considerable reduction in the price
Scotch pigs Were as low, in Glasgow, short time
back, as 93 l5s; in Liverpool they stand at "a
to "a los; common bars go to sf9 IS; hoops
ell sheets fl2. For boiler plates and for rails.
the demand. notwithstanding the prevailing de.
preston, is considerable, and the quotations for
those articles tolerably well supported
IFrom Winners Liverpool Times, Dec. 4.
The news from the western shores of the At
laniic recently has excited than ordinary in
terest. The " Great Western on her last trip.
brought home document which created nearly
much amaZement as if a shell had been uney-
pectedly thrown with hostile intent, into friend
ly citadel. The number of the Washington
Union which claimed the whole of Oregon for
the United States, and repudated all negotiation
the subject, was scanned with painful feelings
was presumed to speak the sentiments of Presi.
dent Polk, and to oreshadow the of the forth
coming message. The effect was such az we
have described it. War and all its odious hor
rors stared every one in the face. There appeared
to be no escape from it-no oophOe left by which
honorable exit could be made. Men move in
masses-think and sympathse in herds-and
IS thoughts that breathe and words that burn" is
suing simultaneously from thousand lips show
how readily, under provocation, reason is subser.
Went to passion. The poet has finely portrayed it:
Honor thou blood stained god
At whose red altar sits war and homicide,
Oh to what madness will insult drive thy vota-
res ="
Whiting under the influence of this excited
feeling, tine Caledonia arrived on Friday, with
intelligence week in advance of the Great Yves
tern, and The nature of her dispatches had an
emollient effect on the national impulse, which
now beats again with comparative GOODNESS. IL
was then found that the article in the official paper
was not understood, by those on the spot, to have
an official chaTacter-that MIR. Polk had not vet
thrown away the scabbard-that the wings, with
their three P's-" peace, prosperity and progress
ion''-were inmcal to war, and that Mr.. Web
ster, at Boston, had made speech of a pacific
and elevated character-in which an appeal TO
physical force on the Oregon question was de-
nounced as folly, as madness.
From the London Standard, Oct. 29l
The Caledonia, which arrived last night at
Liverpool, brings intelligence to the 10Th instant.
We have copied from tho Morning Herald
great mass Of important intelligence including an
incompatible speech of great length, delivered by
Mr.. Daniel Webster, beyond question the fore
most man of his country, and among the very
first men of any country or any age.
On the whole, the communications received by
the Caledonia are less warike and absurd than
most of those which have lately reached u.s.
Even the Union, the most violent Of the journals
of any note, has been compelled to back out of its
extreme violence and pretensions.
1t is true that the cry for the whole of Oregon
still prevails among part of the population
that part which always counsels resort to ex-
tremities when it suppOses its right to be the
weakest
The loco. focos, with MIR Polk at their head
feel that they have no pretence of right to tina,
undivided possession of Oregon which they claim :;
and, therefore, scorning all arbitration or accord
they will go to war. The wiser republicans,
however, will hardly indulge them, for they well
know, that if they force upon us, the Brit
ish rights TO Oregon will not be asserted in the
desert, where the United States must establish
their claim, but upon every sea and upon every
coast which ship can approach. If the republi-
cans commit the folly Of attempting 10 seize the
the disputed territory by force, they cannot pre-
tend hereafter that they have not been warned of
the wickedness and insanity of the proceeding
One of their own citizens, and he, the wisest and
best man among them, has plainly pointed out
both to them.
II remains to be seen whether the ignobIe uuL-
NJ fho TTnitad Gtafoo io