Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1846-02-26
--latest NeWs
FROM EUROPE!
Arrival Of the Cambria.

GREAT CHANGE IN The COMMERCIAL POLICY CT GREAT
BHITaN--SIR ROBERT PEEL IN FAVOR CF A TOTAL
REPEAL OF THE CORN tAWS----GnEAT EXCITEMENT IN
ENGLAND Injecting CT PARlAKEkT--PAC'F1C FEE
LING EvlNCED TOWARDS The UNITED STATES---R RE-
cEPIlON OF THE War SPEECHES IN CoNGRESSM
GUizoT'S Reply TO The PRE'IgEaT'S CHARGE or IN
| REFERENCE IN 1EXaSllfFlCulTY BETWEEN Mr..
KIsG, THE AMERICAN MINISTER, AND Mr.. GylzoT.
We are indebted to the worthy post
master at Winchester for the Baltimore
Sun, containing full! report of the i'm
portant foreign news, received by the
steamer Cambria, the last arrival
We make such extracts from the re-
ports in the Sun as will give our rea-
ders an adequate idea of our relations
with England, as well as of the domes-
tic policy of the British government.
MIR. PEEL'S POLICY.
Wilmer s. Smiths European Times Of Feb
4ih says-Sir Robert Peel-Ene lands power
tu! and brilliant Mins'er-las developed his
future commercial policy. II is at once simple
and comprehensive; and under its operation the
exchange of commodities between this country
I (England) and the United States will be car
| RED To an extent. and will be productive of ad
van'ages, greater. 10 quote not irreTerently.
the words OF the sacred yoIuiIe-'.ban the eve
hath yet seen, or the heart hath conceived
The new scheme embraces. with fun sense
Of tier importance, the principles OF free trade
-repudia'e all protection for Commerce, mann
! flclures-and agriculture; admits corn, duly
8 q, o,>I ,i,r ~, L.
The interim, which will probably osciliaie be-
at once admi!s Ildan corn and buckwheat fee
Of all duty whatever.
To the details Of this grrat measure we ear
nestly entreat the attention ct oUr commercial
readers. Great Britain, 4. the present moment,
is in blaze Of excitement; .e. talk and think
Of nothing else; they have set their h, arts up
on securing the great fiscal scheme. for the re-
generation Of the country, which the Premier
has laid before Parliament. aud they desire to
cur;ail the period fixed for the total extinction
of the corn laws. The friends of peace and
progression on this side Of the water, hope
earnestly and sincerely hope-ihat The new
policy will bind America to us BY the ties of
amty. brotherhood and interest, and that the
miserable squatble abou, barren waste will
give way to mere liberal, c.vilised and com
prehensive views.
OREGON-MR. PAKENHAM-IIIS
GOVERNMENT.
1t is confidently asserted. that both Sir Ra.
bert Peel and Lord John Russell condemned
the course pursued by Mr.. Pakenham on the
Oregon cues!ion, in refusing the offer of Mr..
I&chanan, without consulting his government.
The reduction of duties on American produce,
recommended by Sir Robert Peel, meets with
much favor. and is expected 10 increase the
business Of the manufacturing districts very
much.
1t is said that Mr.. Secretary Walkers report
on the tariff had been communicated 10 the
British government long before it was made
known even to the proper committee Of the
U. S. House of Representatives.
The accounts Of the various markets are of
the most favorable character, and cannot but
have very favorable effect upon the prices Of
American produce in our markets.
THE QUEENS. SPEECH.
On Thursday the 22d Of January. Parlia-
nent was opened BY the Queen in person AZ
fer the usual fnrmalities, she delivered the fol
lowing speech:
MY LoRDs AND GEsrLEMEs: II gives me
great satisfaction 10 meet you in Parliament,
and 70 have tho opportunity Of recurring to yeur