The New era. [volume] ([Portsmouth, Va.]) 1845-1847, 1845-11-06
MORE FOREIGN NEWS.
IL. w

he news is of an interesting character all
ronnd to the politician, the Cotton planter and
merchant, and the agrcml,urist
Wilmer and Smiths Times has an article which
breahes of war, which must come, unless both
parties ahaie somewhat Of their claims. and pro-
nounces war abuut the Oregon territory Zone
Of the most reckless and insane expeditions that
the civilized world ever Witnessed On this
subject the Times says:--
" The dock yards aud naval arsenals Of Emo
land, EXHIBIT extraordinary activity At the present
moment. In many of the onipurls steam friuates
of the largest class have been ordered nv the Co..
vernment, 10 be ready by q fixed period according
To the contracts. and the builders have heen hunnd
dnwn by heavy penalties to have them, like the
old Cnrnnod"re IN the song. " fit for sea" nj the
required time. The contractors have RECENTLY
heen informed by the Admiralty that the penalties
will he rigidv enforced in the event of failure as
I" time. In addition, surveys are being made of
the coast and nf the ports. and prepa iuns are
also being made for placing the whole in 2 posi
ton of the greatest strength and impregnahillry
But the natural inquiry is, whence this warke
activity 20? What is the occasion that demands
II? We are at pence with the world; our shps
ride quietly On every sea the foreign relations Of
the country wear pacific appearance.
Those who profess tn see further into a mill
stone than their neighh0rS. pnnt to the ). Far
West'-to Oregon for solution nf the mystery
President Pnlk. say they, is determined In have
the disputed territory. irrespective of the conse
qnences The spirit of his inaugual address. the
same authorities add. actuates the President and
his democratic Congress. The comparative weak.
ness of The wings in the Hunse as we'll as in The
Senate, and the strong feelings which influence.
a large portion ut the citizens of the United
States on this question. nddured as potent
reasons for the arming, and the pre- IA ratinns for
onslaught, of which the duck wards Of Britain NJ
the present m"ment give induhtahle proof. The
preparations To which we alIude are nnuuesiona
by matters of fact; wheiher the inference de
dnred lherefrom be cnrrert, is anorher question.
The accounts from England and Ireland of the
loss of great part Of the wheat Harvest, and the
failure ni the pniatue crop truly fearful and
although II enhances the value of the American
Provision Market, cannot be contem plated with
OUT pain
The American provision trade n nrishes. The
Stock oi beet. pork, and cheese is light and the
STATE of things in Ireland will have a tendency
not only to improve prices, hut to lessen conpeti
ton 1t seems a singular ANOMALY in this branch
of trade. that The dealers are constantly COMPLAIN
ing IF the smalness of their stocks. and of the
difficulty which They experience in executing the
orders which pour in upnn them
The price al Corn is rising rapidly; and ON this
head need do little more than refer To the am
pie details in our market returns The weather
lately has been most wretched. and even at The
present moment large patches of uncut grain are
eXimsed To the peling of The elements in The north
of England and in Scotland while as we have
stated previously. the position of matters in Ire
land is even worse. Damp corn enhances the
value OF fine wheat; aud those who possess the
latter, calculating rise. pvnce no desire to
part with II The market is therefore scauiIv
supplied and the Improvements in The price is the
result. As to the general yield of the harvest.
the authorities differ hut il seems undpniable
that the wheat crop will be under that of last
yeaT-fhnngh not 10 the extent that some alarm
isis would fan induce the world to believe
FAILURE OF THE PoTATo CRop-The failure
ot the Potato crap in Ireland is mos, DISTRESSING
event. The accounts connected with this subject.
from all parts of that country. are painful in the
extreme With the greater part Of the IaborjnO
population. living at all times from hand to mouth
1t only requires the failure of an eSculent which
enters So largely into their food 10 produce roiserv
ut The keenest. the most hear, rendinr descripion
Ireland does nut suffer exclusively by this calami
~ thus year hut elsewhere. from the comparative
comfort OF the lower orders, they can better en-
durp and provide against it,
COMMERCIAL The cotton marker is der,oss.
ed. the business transacted is limited prices have
downward tendency, and holders PvjGentIv not
at ease, show a desire 10 accept the current rates
and To press their stocks The sales of the week
ending On Friday only Amounted to 10000 bales
and limited as this business is, it was even more
r.slficted yesterdIy-fpr not more than 1860 to
2OOO bags changed hands.
variety of causes may be adduced to account
Tor the present stagnatinn. Foremost is the rail
way madness. 1t swallows up all classes and
shades in It's vortex The steady merchant and the
reckless Chamber are alike bewiched by its al
luremenis, and sage grave men, whose organiza
ZION would seem to put them ont If the way If
temptation, act like persons Iab,ring under srimu
IalIng dranghts, increase by their conduct the pe
neral madness.
Again, there is the fearful deficiency in the M
taoe crop. and a bad grain acknowledgements
in themselves appalling, and under the Influence
OF which the Cotton market may vet shrink like
scorched parchment. Then there is the riss in
the rate Of interest by the Bank of ENGLAND
which points, among the other breakers ahead fl
scarcity Of money, and the arrangement If the
exchanges, consequent on the large SUMS of gnld
constantly leaving the country to invest in CONT
mental railways
FINALLY, there is the prospects of the new crop
IN The United States, respecting which there ia bn,
little anxiety fell-nothng, in short. at all likely
to act as counterpoise to the prevailing des
pOndehcy.