The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-07-06

warshousing system would remedy this state OF
things. IL would enable the man Of moderate means
To do business importer and commission
merchant The latter, by mdustry could sell out
goods consigned to him, and only pay the duties
as they were Withdrawn for consumption or expor-
tation.
Il is measure Of the greatest importance to the
commerce Of the country, and II Ia sincerely to be
hoped that 1t may pass without difficulty at the
present session.
The Caledonia sailed from Boston on the LIST with
"a passengers-76 for Liverpool, the remainder for
Halifax.
The Canada papers speak ofanother destructive
confsgration at Grape in the district of Grape near
the mouth Of the ST. Lawrence, which resulted in
the destruction of some fifty houses.
The stock market was buoyant to-day and prices
OF railroad bonds improved ! IL.
900 bales cotton sold at steady prices
900 barrels western New York canal -four sold
at "a 06t.
Genesee was quoted at ~ 81 oct, and Michigan
at 50 80 - per barrel
800 bushels Jersey Rye at 62t cents.
500 bushels mixed, ordinary, western sold
at 46 cents.
A lot of good do. was held at 50 cents, and lot
of good white at SO 70 conts-no buyer.
Genesee white wheat was held at IL OO-so
cents offered.
No change in provisions-sales limited.
100 hhds. New Orleans sugar sold al 81 4! fair
to good Inferior sold at 81.
$50 hhds. do Porto Rico att alt. Common do
at 81.
Molasses steady at 80 cents for New Orleans
Whislkey at 1874 ais
Sterling bills remain at as
Freights to Liverpool 2s. Cd. for -four, and ID for
square cotton.
The Oneida, Capt Funck, for Havre; the Monte
yuma, Capt Lober, for Liverpool the CASTOR, for
Marseilles, and the Wellington, for London, all
sailed to-day.
The Nebraska, from Msrseilles, arrived to-day
July 3D.
The Halifax papers are filled with accounts of the
deplorable fire at ST. Johns, Newfoundland. The
legislative council had met. The total loss by the
conaagratlon is set down al II 900 900. The heav-
lest Losses are sustained by Scotch houses. IL is
said f2OO 900 Of the property destroyed insured
in the Phenix Office, London. Two vessels had ar
rived, laden with provisions which had afforded con-
siderable relief. The houseless were estimated at
$4,000.
The Niagara railroad, extending from Buffalo to
the falls of Niagara, earned last year 81 202 net.
The speech Of Mr.. Brinkerhof has excited good
deal of astonlshment and conversation in the city.
The whig papers and protectionsts have hailed il
a token, in their minds, of the total failure of Mr..
McKay's revenue bill.
1t is not in the power of any one man, or set of
men, TO arrest the progress of liberal commercial
views. Free trade, trade free as il be made
consistently with the receipt Of revenue has taken
too wide and too deep root among the people, to
be pucked up at the will Of any political mona
ger. IL the present proposed reduction IN the tariff
of 1912 be defeated, it will be the means OF decima-
ting great many persons who may vote against it,
This is question which s held firm in the hands
Of the people, that it may be said be beyond the
reach OF political or party contingencies.
Ii the protecuonlsts ore wise, they will meet the
proposed reasonable reductions embraced in Mr..
Mckay's bill. If they can, by any egerdeman de-
feat all attempts at fair and reasonable reduction
during the present session, it will only be heaping
up wrath against the day of wrath" For it may
be relied upon, if the question is again fairly can
vassed before the people, their voice in favor Of re-
ducton will prove overwhelming. There was a
time when the protectionists in England could have
secured permanent protective duty of S. quarter
on corn. They spurned and defeated the PROPOSE
tion; now, they lose the whole. Let the protec-
tloniss in this country take warning in time. Lib
eral views of trade onward. They are consist
ent with the spirit of the age, with fairness and JUS
tice. Nothing short Of omnpotence can effectually
arrest them.
Yours very truly
CoRREsPoNDENr.