The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-01-16

invested; the other requires an immense annual out
law expends itself in ten years, and gives in return
rs share Of the national defenceit does not repro
duce il is altogether matter OF expenditure, neces-
saTy, no doubt, but still tax on the labor OF the
country.
Now, we spent from 1906 10 1915, when our pop
ulation was much less and our capital about one
half what Is now, GA AN average, kJo,OOO,Ooo per
snnum in search Of unprodueuye investments, as
war expenses and subsides;) and now we are TOLD
that the experience of the last years has shown
we cannot spend more than S6OOOOOO year on
the most reproductive ones. According 10 these
cTOakeTs, the savings IN time OF peace are less than
during war. Our ability 10 spend n reproductive
undertakings u.s. we believe, limited only by the ex-
tent Of the field Of such profitable employment
Anything that pays 5 per cent will always ind
ready purchasers with US.
Meantime let us mark, that at the present prices
We can and DO hold a million bales OF cotton in
Store; at the same money-cost AZ in 1875, we could
hold 300 0O0i Ia 1887, held 400, 900, and all
other foreign produce in like proportion. That we
have favorable exchanges, and three times as much
bullion in bank We had IN December 1886; and
above ALL that We have had already BID from the
wblg leader, which is sure TO be followed by a
higher one from the premier, which will ensure the
perfect freedom Of trade; and with these facts and
prospects We have nothing serious to apPrehend.
ESGLAsD AND raE CHURCH OF RoME.-The
Universe publishes letter, addressed TO DR.. Wise
man, bishop Of Molipotamus, to all the prelates Of
France, demanding their prayers for the rtconyer-
son Of Great Britain 10 the Catholic faith, and adds
we learn, with the lyeliest satisfaction that the
several bishops have already expressed 10 Mr.
Wiseman the warm intsrea they took in his pro-
eeedngs and arc preparing To comply with his
wishes. The Bishop Of Nanlz published on the
subject PASTORAL letter, which was read from the
pulpit at high mass, on Sunday The venerable
prelale directs that nopsna be performed throughout
his dioees, and that prayers be offered TO Heaven
for the conversion Of England"
APrREHEsDED SCARCITY IN FRAScE.--The Eco
Agrcoe states that the greatest CONSERVATION pre-
walls amongst the commercial men at Limoges.
Twenty bankruptcies have been announced within
a few days. The journals Of La Vendee and Of
Lover Charente likewise announce numerous fail
The same paper publishes the following let
ter, dated Oman, the l4th ultimo: "Some distur-
Dances occurred to-day in this town during the hours
Of market Some wagons laden with corn, which
were proceeding TO different quarters, were seized
and forclbly brought back amidst the eamor Of the
multitude"
SroRMs.-A curious illustration Of the circular
theory Of storms has been afforded by crcum-
stance recorded in the log Of the Charles Hedde.
For four days, from the 25th to the 2Slh Of Febru
airy IN this year, she scudded round and round IN
hurricane circle, during which time she ran upwards
Of 200 miles, and the direct distance made by her,
from point To point, only 35I miles.
Falmouth Paeksi
The Cologne Gazette quotes a letter from Possn
Of the 10Th ultimo, from which II would appear that
the numerous arrests which have taken place origi-
in secret attempt to restore Poland to its
gInal nationality, and that the clergy deeply in
volyed IN that attempt. The Catholic priests had
been sent from Kaisch to Warsaw.
Our Naples letter Of the 10th ult states that some
thing more important than to obtain from the Holy
See dspensation favor Of the Grand Duchess
Olga is the object Of the proposed visit Of the EN-
peror Nicholas TO the court Of Rome. "Will you
belle OuT mt IN
with the Pope the great difference betweeA the doc
trine Of the Roman and Greek catholic churches re-
sPee,ing the third person Of the Holy Trinity with
a view to the reunion Of those churches or IL hope
do not speak irreyerenty) to affect fusion Of
those churches, Is the main inducement Of his i'm
peral maesy's journey to the Eternal City, Reli-
glous questions do not, however, occupy alone the
attention OF the Russian Emperor IN his intercourse
with Italy. aa
THE CosrNEsr-The continental news docs not
increase in interest. Arrests at Posen prove that
despotism is not eternal and that the desire Of lib
erty st abides in the gallant and ilLused Poles.
The French Chambers meet the day after Christ
mas day, and the Spanish government is preparing
for the assembling Of the Cortes. The Porte is be-
coming tolerant; relapsed Hebrew has been al
lowed 10 wink away with his head between his
shoulders.
Sixteen Roman Catholic diocesses have now
pronounced" against the ministerial scheme OF edu-
cation, that of Killaoe being the latest of the NAL
contents.
1t is said that the government have determined on
giving employment under the drainage BILL which
is at sent in force, in every district where shall
be shown to their satisfaction that there is Of
employment; and that the necessary surveys will he
made without requiring any deposite for that pur-
pose.
FRANCE.
The Paris p,ners 10 the I'D If December contain
neither intellieence nor comment of an in,eres,no
character. Upon the subject of the Joint nervento55
of England and France in the river Plate the o,r.
nj Js. D.ta,' has m .,;.i ' :; a;. .no 'o"-
the rrehch government from any blame IN the course
o. c;L i 80 ns.: - .us DeouS uPc 'he
attack unon M Guizot who has il contends bv ,ha
publication of such onnions in The ci,, or.
gan. rendered Il inpossibI, that KING Tou;s ph;irn,
Can b, ,tIeetd IN oyb;rnjs HMM Fn~,r,,d a,J H.
United STATES.
The .Nation,I ,lso ,ccuses the Erenoh oo,,oro,.,,
If - -, sL, 49, -, Wv - 'r". 81 ei"inei'
part Of The world even At The risk of rnn,'rs ;,I
the natural allies of France. In apo,bsr article