Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1846-02-07


ds 'The terms of the Message imply, the
.at the alternative Of war, or conclusive negoti
no ton. War istoo monstroBs to be thought
fora moment, except after every effort at
compromise has been exhausted. Britain On
America must DO too sehsible Of their mntut
f! benefits, mutual dependence and mutual fet
Fect, 10 peril the substantial blessings tla
pp nov oajoy, and are daily multiplying III th
relations of peace, for the bloody aud precg
ut rious glories Of war. It ID all but impossible
u that two great and kindred nations, after hea
4 ing 30 wide d breach and helping one anoth
- " to 80 great q common prosperity, should be
come again mutual and unnatural destroyer,
fr a mere point of honor, for a remote wilder
7 ness, separated from both by a journey o
many months, BY stormy seas, and almost i'm.
passable rocks aud deserts.
The eorn markets arc in a very peculiar
state ow ing to the uncertainty which exists as
to to corn law question, il being universally
believed hat the government copten lates an
important change, the precise nature Of
which cannot be expected 10 transpire untd
the meeting Of Parliament on The 22nd IN
staut
1t is manifest that MI i5ea Of scarcity has
quite passed away, al hough there may still
be much suffering amoogsttae INDECENT popn-
atjon, particularly ii Ireland, from The failure
ii the potat, crop. II Is thought not ippro-
bah G that this may indace the adm ission Of
Indian Corn daty free as a temporary meas
ure, TIE present duty IN it is 81. pr quar-.
ter, aud it is Ia some demand at our quota.
tons for expert Y, iceland. The duty on
Wheat remains at Ids, per quarter, aud on
Flour B.. Sd. per quarter.
Cotton was a fortnight ago extremely de-
pressed, bot has taIied TO th9 extent Ola.
bout lg4i. per ID. from tho lowest point,
being now about 1871. above rh9 rates
car,oit when the steamer Of the 4th ult.
sailed. This is 10 be ascfibrd partly 10
iha improved aspect Of .hs Money Mar.
ket, aud a revival Of ih5 demand for yarns
ut Manchester, and partly to the accounts
ofrha diminished receipts into The Ampri.
can ports and The reduced estimates of tho
American crop brought by the Boston
steamer If the 16th ult.
The PRESIDENTS MEzsAeB:-Tfis doccu-
ment DID not cause ID England, The excite
nent that a great many persons supposed it
would on the contrary, it was considered
less warlike in its tone Than Mr.. PulG's H.
~augurai Address, and The consoI market was
layorahly influenced BY it. The London
Morning Chronicle Of he Cd ull., SAYS. that =
on he arr'ya Of tho Message, the market raj. :
lied rapidly, and continued 10 rise until the ,
price 81 ]consols reached g5. The pacific IN
depreciation given to the position Of the Ore
gon question produced a very sudden ad-
vance-more, indeed. than the facts warrant
ed. The spectators for the tall had made /,
Up their mind 10 something decidedly hostile
in the speech Of MIR. Polk. y,
They even impressed themselves with tie :
belief that MIR. Packeuham might come 10
Europe along with il, or that lie would spee7 :
Oily follow, AID that an immediate fear Of hos E :
tilitics would be experienced. Disappointed i
10 these expectations, they not only hurriedly
back theiF. Stock, bot tlrncd their ac- /
The support which The market re-
ceiye1 from tho closing Of these speculative r
ira nsactiubs has now ceased, and hence il is .
that prices exhibit the usual appearance Of +
reaction The Sun Of the 23tuIt, says: 4
"Fhe Message OF the president Of the I'm. .
States, which has been maize 9u5iic this r
morning, has been the subject Of general $
conversation in circles, 1t is on the whole n
considered less WRrIike than was anticipated: i
and The funds have in consequence advanced f
about bali per cent. a saving clause exists f
IN The Polk epeeehto lhe eifact, that should
originate any step for the settle A
mqnt Of the o egon question, 10 you'd be
most ready to acqulesee in it. As for The
ak Of maintaining Inc honor Of the Repubz
liz in this matter, or after the twelve months Q
expires, actual and menacing steps ?
viii be taken to assert a right 10 the whole of a
Oregon, it is treatet with something ap- u
preaching ridicuie in the city" q
COMMERCIAL AFFA1Rss--The past year has f
one Of extraordinary rvissisitudes, ia its )
commercial not less thnn It's social and po- c
phases.-..It opened au- piciously.
There was plenty Of food, employment was al
bundant, capital aboUnded, confidence pre- fo
allied, and the machinery of society worked ly
.armoniously and beautifully.
The cotton trade, during the year, has in
experienced tho mutations 10 which we al til
instability to which all things sub. in
arIary are subject. There we're excellent tie
doing in The great staple in the ear. G
er months the price, if not high or hope CO
Ill was uniform and the large consumption, br
the encouraging feeling abroad, was tb
guarantee against further depression IN le
rice. AT this period, and for some time af-
er, the consumption was greater than at of
ny former time in our commercial history. ia
he public prosperity was 50 buoyant that pr
sought out new fields Of invest be
and the railway mania sprung up with pl
ierGeness which has never had a parallel, en-
i'd, it is to be hoped, will never again fad vi
nj ta.iou. The elements gave The alarm. do
They drenched the fields with superfuous an
ioisture aad The confidence which existed mi
way on the slightest appearance of dan
er. Alarm succeednd--a panic followed : co
I'd, beginning With the stages Of the Share tht
arket, it ultimately reached England's ca
forced on him reluctant resigna- gl'
on, and for a tine reduced the executive wi
achinery to a dead lock. The history of tul
e price Of food and the varying appearan. OPP
IS Of physical nature, from the beginning of col
e past to the Commencement of the pres. ing
year, IS in fact, the history ofthe Cotton Ne
.de, Sc, true is il, that commerce and
anufarturPS deneDd uDnn the seasons nat SUI