The Somerset herald and farmers' and mechanics' register. [volume] (Somerset, Pa.) 183?-1852, 1846-03-03


&C.. are TO be paid in future by the State.
In a 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 its credit
to support and the interest of an over
whelming national debt to pay. Sir Rob
ert Peel has acknowledged the principle
| that duties ought to be levied for revenue
and not for protection, and his future pol
icy, it is clear, will be directed to that end.
/ But it would be too much 10 assume that
he can carry out the new course of actionon
which he has now entered without strug-
gle, and a desperate struggle, too, with the
powerful Interests which believe them
selves TO be jeoparded. The protection
lists are boiling with fury, and the lam
guage recently held in the House of Lords
by the Dukes of Richmond and Buck
ingham indicate the fierce passions which
sway the breasts of British landlords to-
wards the most clear-headed practical
statesman Of his age. Agriculture, they
say, cannot exist without projections; but
Peel saws il MUST exist without it at the
end of three Yeas.
Thus arrayed, the hostile forces face
each other with scowling front, and in
the centre stands Peel, looking gravely on,
preserving a placid dignity in the midst of
the onslaught from either party. In the
Hou of Commons he is omnipotent,
and, however furiously the war may rage
out of doors, it is believed that he will be
enabled to carry his tariff by majority
of eighty-certainly by more than fifty.
When matters come TO a crisis and the
lree-traders IN the popular branch of the
Legislature have to decide between sacri-
ficing Peel and his plans, they will be-
come, it is believed, less crotchery and
more practical.
Looking at the question, then, in every
point of view, taking into account the
present position of parties, the advent Of
a new election, the flush of triumph which
mantles the cheeks Of the free-traders,
the gloom and anger which reign in the
faces of the MISUNDERSTANDING the
state of the registery, the condition of the
food market, our relations with the Uni
ted States, the absence of an excitement
except on the great question Of free-trade
we arrive at the conclusion, not only
that Sir Robert Peel will pass his new
tariff triumphantly, but that he will do so
in the present Parliament.
Mr.. Golden has publised an address
to the farmers of England on the propo-
sition Of Sir r. Peel, relative TO corn
His object is to convince them that is bet
ter for their interests, in every point of
view, TO have the corn laws repealed at
once, instead of waiting for the Ministe-
ial term OF three years.
| UNITED STATES AND GREAT
BRITAIN.
The European Times of the 4th inst.
says: ''The commercial intelligence
which goes out by this packet is necessa-
rily of meager and unsatisfactory kind.
A state of transition is, of all others, the
most unfavorable for the requirements of
| trade, for the uncertainty which precedes
the change unhinges the operations alike
of buyer and seller, of exporter and i'm
porter.
''The new policy of the United States,
as indie ated in the report of the. American
Secretary of the Treasury, has comman-
ded much attention in the British Par
lament. Sir Robert Peel spoke highly
Of the report in the great speech IN which
he introduced the new Tariff, and subse-
quently, at the request of Lord Monica
gle, the Government consented TO reprint
the document, and place it on the tables
of both Houses of Parliament-an hon
or which was probably never awarded to
any similar document before. All these
facts prove the desire which the British
Government has to make our future rela-
tions with the United States as amicable
and as business like as possible.
"Markets, as we before stated, are all
more or less affected by the Premier's f.
nancial expose; and business can hardly
be expected to resume It's healthy tone
until it is known whether the measure
will pass or be rejected-whether there
will. ..be dissolution Of Parliament this
year or next.
''The intelligence which has come to
hand from the United States shows the
angry discussions which have taken place
IN Congress, but the cotton market has
not been touched by it. Pacific people
here. connected by business relations with
America, express wonder that Mr. John
! Quincy Adams, the steady and consistent
; friend of peace, should have shown the
effects of age, on an otherwise vigorous
intellect, by pandering TO the prejudices
} and policy Of the war-party. Notwith-
standing the buster which is uttered in
Congress, people here cannot bring them
selves seriously to contemplate war a
bout Oregon; it appears too absurd for Sc
} rious attention. Nevertheless, it is in the
t power of hasty and Incorporate people
to precipitate matters beyond the Possl-