Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1846-02-27

fer to our ample report Of the speech itself i
another column. We can do little more ,h." :
indicate in this place, carrneic cnlamo, the n;
mary heads Of the scheme. Sogar--that Ore,
article of Colonial produce, which next 10 ,hs
corn laws. has been most virulen,ly assailaS
on account Of the tenacity 10 which the Nil
lister has chung in screening it from combe,;.
tion--is still to be more or less protected
SIave-grown sugar he still regarded as an =.
nominations; but the duty on foreign free /,
Dor sugar is to be reduced IS. Cd. per cent
The Corn laws he proposes TO abolish totauv
and Internationally, on the first Of Fcbrua,v
lS49, and in the meantime modified slid;o.
scale is TO be substituted for the one at presen,
in existence, =
For instance when the price of corn is m.
der $685., the duty will be lOs. when abo,.
48s and under 4Os., 9s., and so on, the du,v
declining Is, with rise in the price of a ls
until the price reaches 63s., when a perma.
nent duty of As, is to lake place. in order TO
propiiate the landlord class, sums of money
are to be advanced by government for the i'm.
provement of agriculture.
In word, the new scheme is as near an
approximation to the principles Of free trade
as can be safely consistent with the policy Of
country which has lis credit to support, and
the interest Of an overwhelming national debt
TO pay. Sir Robert Peel has acknowledged
the principle that duties ought 10 be levied for
revenue and not for protection, and his future
policy, it is clear, will be directed to that end.
But i. would be too much TO assume that he
can carry outAthe new course OF action on
which he has now entered without a struggle
and a desperate struggle too, with the power
full interests which believe themselves 10 be
jeorpardised. The protectionists are boiling
with fury, and the language recently held in
the House of Lords by the Dukes Of Rich.
mond and Buckingham, Indicate the feres
! passions which sway the breasts of British
| landlords towards the most clear-headed prae-
| tical statesman Of his aye.
Looking at the question in every point of
view, taking into account the present position
| of parties, the adven, Of new election; the
flush Of triumph which nantes the cheeks Of
the Free traders. the gloom and anger which
| reign in the faces of the OBSERVATION-DISCLOSURES
| ing the state Of the registry, the condition of
the food market, our relations with the Uni
ted States, the absence of an excitement ex-
cept on the great question of free trade-we
arrive at the conclusion, not only that Sir
Robert Peel will pass his new tariff triumph
antly, but that he will do it the PRESENT PAR
LAMENT!
Dir. King and Mr.. Guiz"t.-Mr. King, the
American Minister at the Tuiiieries. has been
drawn into correspondence with NJ. -Gulzot.
for the purpose of rebu,tng~a charge preferrel
against him by the London Times. Of garbling
the views Of the French government on the
subject of Texas, and producing thereby ,he
explosive missive in the Presidents message,
| which has caused such sensation in France
and such protIacted discussions in the Cham
bers.
| From Wilmer & Smiths European Times.
| United States and Great Brita;n.-The Fiji
ropean Times Of the 4th inst. says:-''The
commercial intelligence which goes out by
this packet is necessarily Of a meagfe and un-
satisfactory kind. A state OF transition Is,
of all others, the most unfavorable for the
qnrements of trade for the uncertainty which
proceeds the change unhinges the operations
alike of buyer and seller, of exporter and inn
porter.
The New policy ofthe United States. as in
dictated in the report of The American Secreta
ry of the Treasury. has commanded much at
tention in the British Parliament. Sir Robert
Peel spoke highly Of the report in the great
speech in which he introduced tie new Tariff;
and subsequently, a: the request Of Lord Mont
eagle, the government consented to reprint the
document, and place it on the tables of both
houses Of Parlment-an honor which was
probably never awarded to any similar docu-
ment before. All these facts prove the desire
which the British governme: has to make our
future relations with the United States as ami
cable and bnsineSs-ike as possible.
Fance.-M. Guizot has noticed the rcmaksr
Of Mr.. Folks message relative to war and
Texas.
NJ. Guizot had accordingly felt surprised at
the language used by the President in his mes
sage, and he had considered it his duty to
claim in reply for France an entire lndepen-
dence Of action. He next examined the COM
) mercial reasons which had induced France 10
recognize the Independence of Texas in 1888,
and rendered ncr anxious to maintain 1t In
l645.-rhe political considerations had been
Of still greater weight. There were at pres
ent, he SAID, three powerful nations intent or
: aggrandizing beyond measure their territories
Eng land Russia and the u. States.
France was not extending her doDinions.-
In Africa she had made conquest it was her
. interest and honor to preserve, bat the bounds
of which she would not overstep. 1t was oil
the highest Importance to France that those
three nations should balance each others pow
er, and that none Of them should obtain pre-.
ponderaiing influence. She was consequent
ly interested in protecting the independence
of the American States.
ALTERATION OF DUTIES ON AMERICAN
q PRODUCE.
h Our American readers will find. on referenc.
to another column, that the British Ministry pro
poses to make important reductions on many of TIT
l. articles exported from America to England. w,
l. hope to similar spirit manifested by the Cab
n met at Washington. The alterations comprise
l. PREVIOUS DrrT. REDUCED II
,, Bacon, lbs per cwt. Free
II Beef fresh, Is do. Free
,. Beef sailed, Ga do. Free