The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-26

This increase amounts to than sst per cent Tho
increase has been entirely in the western freight bust
ness. while the regular business has fallen Of.
The reestabshment of the Peel Ministry in Great Br
TAIN has created great deal Of confidence financial
and commercial circles The fact that Sir Robert Peel
had again become the premier sufficient of itselfto
give commercial affairs more favorable COMPLEXION
than they possessed during the thirteen days" Although
the Wing Ministry considered liberal than the
conservatives in relation to commercial affairs the CON-
mercial classes appeared to have very little confidence
in IT. and considerable depression existed in the market
so long Lord John Russell making efforts form
ministry. revival in every thing took place as
a Peel took the helm, and the advices Of his
having done had . corresponding effect ON this
side 1t is supposed that the policy Of the present
ministry has somewhat changed, and that a com.
promise has been made in relation to the corn
laws. The organ Of the government says that theie
VIII DO wiihout doubt eventually nominal duty.
compromise has doubt been made in relation to the
corn laws between the two parties in Great Britain
similar to that made in this country in 1882 between the
wings and democrats upon the tariff II is stated that an
annual dimnuton will be made year to year. begin
ning with liked duty between Is and 20 shilings,
and reduce it two shillings every year. Suppose
the maximum fixed duty of 1916 and ls47 was
placed at IS shillings ls47 and ls4s l6 shillngs,
and 80 on down, until it reaches 4 shillings which
10 be the minimum and permanently fixed
~ further stated that this reduction may commence
on the LIST OF September, 1885, previous to which the
ports will be opened for the admission of corn from
all parts 1.-THE world This movement may do away
with the other propositions is supposed that the
ports Of Great Britain more opened to the free
admission Of corn from foreign countries no ministry
VIII be strong enough to close them again. The free
trade party gaining strength rapidly that it will be
almost an impossbty to place any restriction upon the
ports, II they be once removed. Revolutions never 20
backwards. Any point gained il never lost, and the
iesgue or free trade psry Of Gre Britain progress with
sucn rapid strides and with UGH strength and power
thar nosning can arrest its It mskss no conces
son. up no point but goes for the most perfect
freedom in the importation of bread sua and will not
We predict submit to the proposals. supposed to have
been made by the Wing lee ers TO Sir Robert Peal To
which is stated the Cons ervave ministry have agreed
The present Ministry may find themselves in the minor
upon ms question, SAould il be determined to open
the ports to september lst and attempt be made to
close them az that sme We look anxiously forward
to these movements in Parliament upon this question:
and we anticipate considerable excitement in debate
both an the Suse Of Lords and in the House
Of Commons. desperate attempt will be made by the
Iandhoide make any modification ultimate repeal
Of the corr laws moderate possible and repeal
deterAined upon will be their aim to postpone that
have been proposed by the old tory leaders, but it is
our impression that the free trade party too strong to
listen to any compromise, and So their ideas are fixed
upon the whole none" no settlement will be
made short of the whole
From the tone Of the leading English journals an ami
cable settlement of the Oregon question appears to be
avery easy matter 1t has been suggested by the Lon
don Times that this question might be settled by cont
nuing the 4sth degree from the mountains the Pacific
giving Great Brittany Island the harbor of st.
FucN and the free navigation Of the Columbia river
proposition Of this kind made to Great Britain
by Mr. Gallatn, under the administration Of Mr. Ad.
ans; it in semiofRcial shape from the 70.
vernment Of Great Britain and We have no doubt some
settlement sPproximating very closely the above d.
vision Of the territory will be agreed upon The mild
Of the British press in discussing the Oregon ques-
ton totally different from that anticipated that those
this side deeply interested in the preservation of
pssce have been most agresably surprised.
The last two annexed reports of the Bank of Virgins
show very great uniformity in their aggregate move
men We the returns for January is45 and 1886