American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1846-03-06
FOREIGN NEWS.
Four Days Later from Europe.
ARRIVAL OF THE
PACKET SHIP TORONTO AT n. Y.

FINANCIAL AFFATRS-THE PANIC IN IRE
LAND-ANOTHER WAR IN INDIA--THE
GRAIN MARKETS-CORN MARKET ACTIVE
AND FIRM, sc.
The packet ship Toronto arrived at New
York on Wednesday, with dates four days la
Ter from London and three from Liverpool
She sailed from Portsmouth on the 9th, and
made the passage in % days The London
dates are to the 18th February. We are ndebt-
ed to the extra Herald aud Sun for the ntelli-
gence, which is highly interesting
The London Times of the 18th has an article
commencing MIR. Calhouns course.
The failure of the potato crop continued the
subject of general interest and remark.
From Ireland there is nothing new-the
country continues agitated and excited.
The intelligence continues as favorable to pa
cifcaton as that received by the Cambria.
The Cotton Market was steady at we'll sup
ported prices The Corn Markets have not 81
ven way, as was expected under the prospect Of
lower duties. English Wheat of good quality
has moved off steadily at full prices; inferior
quality has declined to Cd. per bushe Bar
Icy has downward tendency. United States
sweet Flour in bond, was offering at 24s. per
barrel.
O'Connell has brought before Parliament the
subject of the famine in Ireland and the Mar
quis of Clenvicarde has it is stated brought for
{ ward proposition for the relief of the people
kbf that Country.
y Large orders were in England from the Con-
/ tnent, Belgium and Holland principally, for
barley and rye.
The English funds were on the rise. The
news from the United States was deemed salts
factory, and the money pressure in London had
passed its strength. Consols were quoted at 95
I-2 for money.
Sir Robert Peel, on the 3d. said that mas
much as the mail for America was about to sail
from Liverpool, he would Announce his inten-
tons concerning the duty OH timber He pro
poses to make reduction Of the duty which
should ultimately fix it at I5s-now it is %.
From the 9TH of April, 1877, the duty on
hewn timber is to be reduced by 5s---and the
next year by the same amount. On sawn
timber the duty was to be 6s on the 9Th of
April, I347, and 6s more on the next year.
Until April l847, the duties would remain pre-
ciseIy as they are.
From the London Chronicle, Ecb. ~
ENGLAND AND AMERICA.
We received last night, by express from Liv-
erpool, further intelligence from the United
States. The packet ship Yorkshire made the
passage in the short space of Is 10 days, bring
ing letters and papers to the 18th ult.
The discussion upon the Oregon resolutions
has been postponed to the 10th Of the present
4 month This delay is regarded as favorable
indication Of the public feeling Before they
plunge into a discussion. which may hurry
them to results they have not yet seriously
contemplated, the public men Of America are
naturally anxious to ascertain what effect has
been produced in England by their Presidents
message. 1t is avowedly with this view that
the discussion has been postponed.
Since the publication of that state paper un-
til this day, when the packet sails for the Unit
ed States, we have heard but one opinion on
the subject. The adoption of the Presidents
recommendations will not, and cannot be re-
garded in any other light than hostile ndca-
ton.
This notice to terminate the convention OF
1927 may, it is suggested, be followed by fresh
negotiations. If not, war is inevitable. If we
receive notice that the Joint occupation shall
cease in l847, and if nothing more be done
than the giving of this notice, we too, must
prepare at the end of the years notice, firmly
to "maintain' our rights. Let US not in oul
deep anxiety for the preservation of peace lose
sight of the position into which we shall be
driven by the event we are speaking of. Mel
Their England nor America could remain mac
tive pending the termination of this treaty
We should be virtually at war from the day
we get notice that at the end Of a specific time
I America was determined to maintain what she
regards as her rights in Oregon. And that 49,
supposlng no other proceeding is adopted than
to give the specified notice. But if the otheI
recommendations of Mr. Polk be carried out
if contemporaneously with giving notice to
terminate the treaty, the American Govern
rnent begins to occupy, sends on its pioneers,
builds its stockades and forts, would it be pos
sble TO regard such measures in any other
light than declaration of war?
N The most favorable shape, then, that the no
NJ tce can assume is that it may be accomplished
by proposals for rc-opening negotiations. Bun
we confess we shall entertain out little hope OF
the result of negotiation thus conducted I'M
der duress.
Every concession would be construed to be
lift be not in fact--a concession to fear, a
concession made "under the pressure of the
alternative" of war. Itcannot he too strongly
impressed upon the American public that te
adopt resolution to give the years notice, SC
far from facilitating, as they suppose it would
do, the progress of negotiations, would be in
fact to provide for their certain failure before
we had entered upon them. We are anxious
that this opInion-which is, we believe, the
opinion of the great bulk of the people of this
country-may be known in America while
there is yet time for it to influence the decision
of momentous question. Englishmen of al
ranks, classes, and parties desire peace-peac
at any price that is not dishonorable, or tina
does not clearly involve the sacrifice of sons
important interest. With such feeling ex
isting on our parts it wise TO drive us upo
an alternative" which we must at once an,
Indignantly reject? Let negotiations be re
opened if the offer has been made They vii
now be conducted under circumstances NOR
favorable than ever existed before. But lie