The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-02-20

,46.
Majesty government thought necessary to interfere
with the warfare which had occurred In the States 'ne
Sir ROsrnr PrrLwith reference to the question Just
put by the noble lord beg say that not foreseeng
him an answer and have therefore to that he viii
postpone his question until another time On tho subject
sal was made by Mr.. buchanan, with the authority Of
the President OF the United States to Mr. Pakenham
tsrritory Whether that proposal ought to have
been accepted cannot say. Mr. psksnham thought
Sis hs. be- did mol feel himself
the proposal to the government AZ homs and on signify
ing this Mr. Buchanan the latter mmed:tsy stated
that the proposal was withdrawn. This IL the state Of
the negotiation ut present 80 far am Informed re-
specting tho proposal submitted by slr. bucnsnah. !
have tho highest opinion of Mr. Pakenham; nave tne
greatest respect for his talents and the greatest conn
dsnce in his Judgment yet must say thst M nave
essn better ma ne and found in
enthusiastically might possibly have formed .ne
ton for further proposal ear since 'nat ps,oa
country again repeated to the United states their OF
fer of referring the matter to arbitration but no answer
has yet been received to the proposal so made WITH re-
spec the proposed increase in the naval and military
estimates is Impossible for any TO see the progress
Of navigation and the continued increase Of our Co
for an increase in our naval and military
lishmsnfs. Within the last few months the colony o.
New Zealand has made heavy demand upon US 10 TINS
respect and the continual drain made upon our troops
account Of the necessary resfs In our other
sions great that Is almost impossible to MI up our
confidence in the intentions offoregn powers, we would
net be wise to neglect the dsfences Of our no
IL
sivs grounds: and that her Msestys have
felt their duty TO propose increase Of the estimates
for our naval military and ordnance establishments
without reference to the dispute with the United States
New Commercial Policy OF England.
\ IL.
Sir Robert Peel entered his great financial scheme
Sir RoBERr PEEL, after few observations said, am
about review the duties which apply to many articles
produce and manufactures Of other counrieA am
about proceed tho assumption adopted in the speech
from the throne that tho repeal Of prohbitory and the
cheers protective duties absractedly and prin
cipe open to objection (cheers) that the policy of
% ss %
advantage Of justice to vindcae the maintenance OF
them about 70 &C, On TINS Ssa
been in this country increased productveness OF
venue; Notwithstanding the relaxation OF heavy taxation
that there has increased demand for abor that
there has been increased commerce. that there has
been an increased comfort contentment and peace In
Sls.sDSa have nscs..y been caused by any pasicu
lar policy which you have adopted; but this say that
me enjoyment o. these acv whch
has been sanctioned by the House Of Commons. the
policy Of repeating prohintory, and reducing protective
about to call upon the iouss Of Common. to rscsds
from any course which il has hitherto pursued 1t
policy which has received its deliberate and repeated
sanction, and if il has boon productive Of public good
will he perfectly consistent with the course hitherto pur
sued persevere in that policy AT the same time, in
advising the continued application OF these principles
not about to Disregard this other 10
her Maestys speech IN IN aaopsioh 81
public credit and that we should take care not to
| cause any permanent loss in the public revenue
(Cheers That other recommendation aso-that in the
application of sound principles We should act with 80
much Of caution and forbearance as not njnriou:y to
be neglected by mo. The right hon. baronst here ex
pressed his opinion that II his scheme did not meet with
would Be better to meet by an
to particular parts should regard i on it, merits
as 4 whole. The principle Of relaxation no was
operation Of the tariff Of is4a dwslt uPon the abol
the revenue Of between fsoo. 900 and E7ooOoo and
called upon the manufacturers to relax their proportion
taking the review Of duties still existing TO which
invited by her Majesty t. continue to act upon ne
$ tso,s scs. Of raw materials
still remain subject TO duty mean to deal WIN mem
In order still further to enable me to call on the manu-
acturer relax the protection he still enjoys Cseers
Sir there Il hardly any other article Of the nature Of
raw material which l. now subject to duty except tai
low, and perhaps ought to add timber With respect
TO taow which IL Of the Of raw material which
Is largely used In many q
great 20 tns cHmos o. r.duc.on
In the amount Of duty which Ia levied On that article
Russia Ia the country from which chiefly our imports Of
talow derived There u at present duty on tai
sd...d to IN q. course Of Is. d.ou.:os. % last
partly for the purpose Of encouraging Russia proceed
II that liberal policy Of which trust she has given some
that England should SGT the example lchser)-by the
relaxation Of those heavy duties In the condence that
q nv will viii $
huence the action Of governments and that our example
even we DOM purchase any iTnsdiss: r:e'PsHc; Ds
nrst instance improve own manufacture, believe
we shall reap the other advantage Of deriving soma
equivalent in our commercial intercourse. Cheers)
PROPOSE therefore, TO reduce the duty on taiiew from;
3s. Id per cwt. to L. Sd. Hear, hear) Am taking
Now with respect to timber: don't to excspt the
duties timber from the review am about TO
The subject Of the timber duties was very
nation could not be made known for few days put
would proceed on q plan Of . gradual reduction
great branches Of manufacture are those which are i'm
sdiately connected with the clothing the great body
Of e cs,I R:sR: Z
to set the example to others ~ relaxing voluntarily eno
ne &C. ss. 'y q
duty Of 10 per cent Importation while cotons made
brought from abroad are subject to 20 Ps cent With
respect to cotton manufactars generally, which u now
ss %aa.a d duty s erie:
that duty Of 20 per cent. which now applies 20 the
nronoss 10 reduce to 10 per cent (Hsar) That il TO
say that on the great articles Of cotton
which constitutes articles Of clothing for the great
mass Of the people, there will be import duty, while
the import duty on cotton articles Ia more advanced
state Of manufacture will be 10 per cent. "a cry Of
Take Il all off," and some slight interruption The
only favour ask IT, that may be permitted to state
the whole Of the plan CHEERS. without any nfsrrnces
being drawn at once TO any partic u!ar pe{a hear
Adam smith, to prove that the demand for pr lection
Rt came from the manufacturers not the agcultuns
~ vtsaHe
protective duties propose, also TO call on the mann
actursrs OF linen and woollen, the two oths! grea
articles addition to cotton concerned In the producuen
Of the clothing Of the great body Of the people TO re-
nquish, g believe they without injury TO then,