New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-06-16
apisal have already been sanctioned by Parliament

thl5 session.
This is mos, fearful state Of things. Notwith-
standing all the frauds which have TRANSFERRED not
wi,hstanding all The ruin which reckless speculation
has eptailed on lis victims the unfortunate propensi'
~ is still rampant and the consequences still hang
over the devoted heads of the players al this hazard
Gus game with Dame Fortune and her 'FinHisfer-
Misfortune.
The truth is, that the bolders of scrip. many Of
whom have paid dearly for their whistle. are not
content with the first loss They-the majority OF
them at least-have bought into worthless lines al
heavy premium and they hold on. and urge 9th
ers to press on for the nation OF the under
taking, influenced by the delusve expectation that,
some day or other, the corner will be turned, and
that they will thus save themselves.
Now il is notorious fact that the number OF lines
already in existence which pay ten per cent TO The
original holders is small the number which pay I'VE
per cent is much larger and there are scores OF
lines which could be mentioned on which the dlvl-
dends are-awful word-nil
But this is no, all. The best parts Of the country
the connecting links with most the great towns
and places OF large populalion-are already covered
with the iron net work. Those which nave 10 De
made-those for which acts have been obtained. or
may yet be Obtained pass through thlnly inhaoiteo
parts oflhe country, through districts "nete sist
Of The human face divine is novelty. Verify, the
spirit of Mammon has tendency TO blind mems
ewes and 10 make persons otherwise keen and lar
seeing .duI az the weed that rots by Lethes
stream
The Cambria, Captain Judkins, arrived here on
the afternoon of Thursday, after splendid passage
with the intelligence of the ruptore which has al
ready taken place between the Mexican and the
American forces The issue OF the conflict which
has taken place at Fort Isabel, the Rio Grande-
conflict il can be called for seems, according to
the accounts too trumpery for the appellation-has
astonshed, and we are sorry TO add, grained many
persons.
1t has astonished those who have regarded the
valor of the Mexcans with contempt and It has de-
lighted those who wished TO the pride OF Jona-
than humbed-humbled, because be has had the
temerity to beard his cousin Bull. This is unkind,
iliberal but we suppose it is human nature-the
least amiable phase OF human nature.
The effect OF the news has been TO raise The price
of American produce. On its receipt many per
sons instantly withdrew their cotton, and the conse-
auence has been, as is customary in such cases,
rush of spectators into the field, and an improve
men, in the value of the staple. Another cause mas
been al work.
Early Yesterday the result Of the second reading
Of the Corn Sill in the House OF Lords was known.
The settlement Of this question must benehciaIiy
serve business-must give increased hrmness 10 the
manufacturers-must enhance the value OF the aTtl.
Gle; and this with the former cause, has rendered
the market additionally firm.
If the Corn Bill should passed. which, al pres
eut there hardly exists doubt in the minds OF the
least snnguine-an immense quantity oil produce
will be Immediately released from bond and thrown
on the market The bulk of the produce so held
under the Queens lock, is American flour and 9th
or American produce. Its value has been estlma-
ted az high as FIVE millions sterling.
In every point of view-for the safety OF trane,
for the security of the exporter for the comfort ana
bapniness of the peopleit is desirable that no un-
necessary DELAY take place. Our readers will OBJ.
serve tina, the Government had not only majority
of proxies but ority of peers present on the d.
vision This ia important as regards the ultimate
success of the measure in committee
The markets in every part OF the country Will De
more or less affected by the second reading of the
Corn i'll in tbs Lords but the effect will Tot fully
developed before the sailing of the steamer on
Thursd ay next. In the meantime, We refer our COM
mercial readers to what has beeG doing before tue
result TRANSFERRED, and they will see that business OF
every description has been more or less Influenced
by The pending stale OF our political affairs
Parliamentary
On Monday, May 18Th. the Corn Bill was brought
from the Lower to the Upper House, and delivered
attheir Lordships Bar by Mr.. Green the Chairman
of the Committee, accompanied by Mr. Golden,
Mr.. BRIGHT and number of Others who have ever
been conspicuous in their hostility to the bread tax
The Duke Of Wellington Immediately moved the
frs, reading which usually takes place without DIS
cussion but overlapping Legislative elquetle, the
Duke of Richmond rose and made another OF those
furious personal attacks Sir Robert Peel TO which
the Premier has been 80 much accustomed oil late
from his quondam triends.
On the same night, in the House of Commons, the
Customs Bill underwent discussion on the bringing
up of the report when lord George Benlinok made
a fruitess attempt to strangle 1t. Dr. Bowrng
bore testimony, from his private correspondence, TO
the favor with which that measure and the Corn
Bill were received In the United States and
Canada.
On Tuesday the Customs Bill was brought up TO
the Lords and read the FIRST time, but not wthout as
strong philippe againt the measure by the Duke OF
Richmond as he had the night previous inflicted on
its twin brother. The same evening DR.. BowriHg
brought the subject of the quarantine laws before the
House of Commons.
On the authority of DR.. Macean, who died some
years ago, he proved that The plague could not be
by contact--lhat it could not be i'm
ported and he then proceeded to show how the
laws in question feuered commerce and manutac-
tures-were injurious 10 the consumer ard TO the
revenue.
A general impression is gaining ground out OF
doors, that the quarantine laws do require thor
oush revision. They could no be in better hands
than those of DR.. Bowrng. who TO considerable sci
ent6c skill adds practical as well as theoretlcal
acquaintance with commerce.
The Lords did not meet on "Wednesday or Thurs
dsv. On the first.named day MIR. Duncomoe pro-
voked discussion on the Lace Factories Bill, which
was rejected.
On Thursday the proceedings were OF desuno-
~ character. Mr.. Shaw minated his intention OF
moving for the liberation Of Mr.. Smith OBrien on
the Monday following, as the Committee OF Selec-
ton would on that day have terminated its labors,
and the Speaker of the House read a letter from
the martyr himself. setting forth the illegally OF
his imprisonment and demanding his release.
On Friday the same subject produced good
deal of discussion. Mr.. 0 Connell called attention
10 the letter OF Mr. 0 Brien, and maintained that he
had been illegally committed, as technical IN
formality rendered the Committee OF Selection H.
competent But the motion for his discharge was
negatived by $50 to Sc.
On the same evening the Lords were principally
engaged in debate about Ireland, raised by the
Marquis of Normandy. The Factory Bill for short
enins the hours Of labor in the manufactu,
ring districts was nega,ived by majority OF
ten. Tia success would have seriously embarrass'
ed the Government.
On Monday, the e5ih the great battle on the Corn
Bill commenced in the House of Lords. The second
reading was moved by the Earl of Ripon, who, like
his colleagues, can lay claim TO consistency or
the subject The two crack speeches of the night
were those OF Lords Stanley and Brousham.
The frs,named nobleman, whose name has been
-ron,inen,y before the puhlic with