New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-04-22

ouI. a. the same ,inc rs bightiag effect OF every
description OF business
n order 10 give n much fFescon as possible to
.I.. ,r,.rzriocs OF the commercial word under ex-
i.-i o;--,,s-srr-.s Ministers. most of our read
ars E1,oye issued rccsnty Treasury order for the
Dsvrnspt Of the reduced dunes, the pa-tles giving
bo1d ,ba; K The Peers threw ont the bil. The Old
scale Of duties vVoGd Se paid MS vas wise and
liberal move IN the right direction. and advantage
N some EXTENT mas been taken OF II But the risk
involved has been too great 10 allow It's genera!
adoDtjon The pubic have derived lit:le or no ben
aS, f-or, the ara ngeTDent, for the InducemeaI 10
increased co1suu,ption hss been neuiralized BY the
retsi price OF the various articles being lIitle below
their former !evel Indeed all such temporary e1-
Incidents partake of ths character OF gambling
speculation is perhaps, more legitimate phrase.
For the risk encountered, me proiis nus; De cor
respoudingly heavy
The Icon, which hangs over business has been
sra6aaI, deepening during the last six weehs-the
last fortnight being The darkest OF all Under the
most favorable circumstance there seems I;t!e
chance OF seeing the new Iarh on the statute book
before the end Of May: and il viii be al least The
middle OF ha, month before tue critical s!agethe
second rea6ing-can have passed the upper branch
Of the LEGISLATURE r. Qnhappily, the measure
should be thrown out, the Summer " Il! De consumed
In the Turmoil! OF general election aod autumn Will
hardly see toe new Parliament assembled 1nen
the war Of words Will recommence, embitteced by
disannofnted hopes anG individual suffering; and
even supposng the Free Traders 10 have majority.
their policy cannot come into play before the end OF
the present or the commencement o! the following
year.
But IT. on the contrary Proteciionisi Ministry IS
formed and attempts 10 govern the country the bat
de will be still farther prolonged and the intensity
OF commercial and national suffering iear;aly III
creased While we hope Tor the best, it is just
well 20 glance al the dark-ai the worst side OF the
picture; and his mus, indeed be bold heart that
can without shuddering 81 The ienerlty. be party
10 COW Using this great commercial nation by s;rug
gle so intense that all the elements OF society would
stand chance Of being reduced 10 their chaotic con
diiion
The stoutest heart may stand appalled,, when it
contempaies the consequence which ustinevi!aoly
resul; from the rejection Of policy 10 which every
man in the kingdom who has the least pretensionst 10
the character of practical statesman is rrevocably
welded a policy which Is opposed solely by the
heavy country squires; by sporting lord or two,
whose knowledge Of arithmetic Is confined 10 max
ing book AT Newmarket and EPSON and by
Hashv orator clever At rounding period, and man
ufaeturing eXcitable works of fiction, whose dreamy
enthusiasm scorns all approach TO the practical.
AT Leeds on Tuesday the protracted s;agnaton
caused prices 10 give way but in that town. well
as in Huddersted the trade, az present; is principal
~ supported by orders from America. Al tue last
Manchester market there was little dong and eel-
ing OF gloom prevailed daring the day, influenced
by hostile movements Oh Ih tAc iiOusO
OF Commons TO the Free Trade measures OF the Gov
ernmeHt.
The Cotton market. more especially is iaboring
under the effects Of the general depression. The
estimates O. the new crop are now reduced 10 two
millions OF bales; and yet, IN the face OF this falling
off the staple the price continues so low that The
rates which rule in this market involve loss OF no!
less than twenty shillings per bale, on compar,
son with the prices which prevail in America
The statistics of the trade show gradual decline
on the sales since the measures OF the Government
were announced and trade will certainly not re-
cover its tone until all doubt has disappeared Capt.
tai like the sensitive plant, shrinks from contact
while uncertainty is abroad and the holders. as
well the importers, OF Cotton. are destined, IKE
other branches OF the commercial world TO feel and
dcplore the curse OF selfish obstruction Inc
sales Yesterday were upward of 5000 bags to the
trade There has been some export inquiry; out
the market closed iamely. TIE sales of the week
amount to 81 $50 bags.
The Money market is in very unsatisfactory
state Cashs scarce and dear. and nothing but first
rate paper and that al short dates stands the least
chance of discount in the London market. The rail
yay projectors get their acts slowly and unsatisiac-
toriiy and il is clear that a large number OF the
schemes before Parliament must be rejected Months
will elapse before the money which The Government
has locked up-the ten per cent. on the amount OF
the capal-can .ind its way into general circulation
and thereby relieve the "iightness which prevails
The effects of improvident speculation continue
to nantes, themselves in the plethora OF the ia
-sttc where the broken down seekers OF fortune
find ready asylum. In time, the paying schemes
will fnd their way into better hands, and while the
weak holders go 10 the wall. the strong ones Will
rise 20 wealth and greatness ON the WRECK oil ruined
hopes aud blighied hearts. Thus II has ever been
thus II will ever De But the interval, which Is
bringing matters their natural level Is one oil ter
rible pressure What has been well said OF party
politics is equally applicable 10 indlscrimnate spec
u!a,ion-the madness Of many for the gain OF
few.
An important trial took place Exeter lately in
which the directors of projected railway brought
an action against party 10 whom, on his own aP'
plication they had allotted number OF shares
The ao,tee refused TO take up the shares or pay The
original deposit which amounted 10 some - or %
per share Az the Company bad contracted engage
ments. they offered TO compromise the affair on
payment OF 3s per share
The party refused. the action was brought and
the Jury gave the Directors verdict for the tull
or,iuni of The shares. This decision has spread
universal CONSERVATION, for thousands upon thou
sands of parties suspended between responsibility
and ruin are in the position OF the defendant In this
action. Like rats ina cage, they are preying upon
and devouring each other
While upon the subject Of railways, we may be
permitted. en- DassGnt 10 glance at those connect
ing the British Provinces with the United States,
respecting which considerable interest IS tet By
many persons on this side OF the wafer. We regret
TO find in our advices by the last arrival from Hall
fax tina, the war OF words had been raging In The
House of Assembly q; Halifax y. S. On the sabiec,
OF the projected line OF railway from that City to
Quebec and Montreal.
We fancy these differences arise ont Of political
feelings which in such matters, should not be sl-
lowed TO interfere Our Nova Scoua friends must
settle their differences soon, We shall be travelling
20 Montreal via Boston, Fichbarg, Hartford, Mont-
pelier. Burlington and 81. Johns; and By q branch
from Burlington 10 Kingston and Toronto via Pats
burgh and Ogdensburgh We understand from
letter JUS, received from Boston friend actively
engaged in that undertaking. thai great progress Is
making with this line OF railway
We have more than once recently referred TO the
popularity which Indian Cora as an article OF food
is attaining in This country L, will prove, ere long,
valuable export The Government Is most anx-
lou. that it should supersede 10 great extent, the
potato among the lsborng poor and the recent scar
city of tha, esculen is favorable to IFS introduction
Cargoes OF Indian Corn are daily reaching the Brit
ish ports from the United STATES, and large quaint
Ties nave been released from bond. duty free, under
the Treasury order already mentioned. Shops for
its exclusive retail sale ara being opened N nanyot