The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-06-16

an air of novelty 10 some Of the old threadbare
guments Of the monOpolists, by the light ~ which
he put them, and there a sufficient dash Of per-
| sonality and bitterness in his speech to make Il
| pquant. But he spoke not with the air Of triumph.
| His language and his whole bearing denoted fore
| gone conclusiOn-defeat Lord Brougham followed,
and was delivered Of some sound truths, mixed with
much nauseous stuff about the talents of the
aTistoeraey and the purity Of their motives. He
| wound up with labored panegyric on Sir Robert
Peel and his personal sacrifices for the benefit Of his
country.
On the same evening, the most notable affair in
| the Commons was the release of Mr.. Smith O'Brien
who was discharged by the House, when the
committee Of selection that moved for his commit
| tai had brought its duties TO close. As regards
| the honorable member, il has been most inglO-
rous exhibluon-one more provocative Of mirth
than redolent of patriotism.
On Tuesday, the eorn-law debate in the Lords
was resumed, and number OF speeches-some
good, some bad, and some very indfsent-were
made for and against the measure. But The subject
has been so exhausted, that nothing short Of the
highest order Of talent galyanlze the old bones OF
monopoly 80 10 give them d. least appearance Of
vitality ID
The ablest speech Of the night-one OF the ablest
which the subject has evolved since Its first intro
duetion into the House Of Commons-was the
speech of Lord Clarendon. IL elected admiration
from all sides Of the House. Hopes were entertain
4
night, as most Of the speakers in whom the peers
rejoice had declared their sentiments. The next
day was the Derby" the greatest sporting event
of the year. The idea OF having debate, even on
the great, the most important national question Of
the age, on derby day." appeared prePoSterous
in the eyes Of our hereditary rulers and according
ly the debate was adjourned until Thursday.
On the same evening, (ruesday,) the House OF
Commons was counted out while Mr.. Ewart was
bringing the affairs of Van Demans Land under
consideration.
On Thursday the House Of Lords again met, and
divided at FIVE in the morning on the corn bill. The
numbers were Contents-present, l3s; proxies,
73-2ll. ACKNOWLEDGEMENTS, l26; proxies,
3S-l6i. Majority, AZ. Nothing Of interest oc-
CURED in the House Of Commons, which adjourned
at early hour.
Commercial.
We mentioned In our last that the proposition Of
the Mexican government for placing the debt upon
a new footing, had been proposed at a stormy meet.
ing OF the proprIetoTs IN London. This occurred on
the evening preceding the sailing Of the steamer,
and we we're ignorant at the time of the result The
proposition was negatived by the bondhoders.
But new and more favorable proposition is ex-
pected TO be made. In the meantime, the present
position Of Mexico affords small chance of the Lon
don capitalists bleeding" freely in the matter Of
the loan.
Railway speculation threatens to be the opprobr-
um ofthe English character. The collective wis
dom Of the nation" devised plan for enabling COM
panies to dissolve and be at rest. 1t was thought
that the concoctors Of Scores if not hundreds Of the
i-considered il.digested schemes, would have
gladly awaited themselves Of the facilities thus a
forded. Meetings have been called, in conformity
with the provisions Of the act which has passed
Gently, in various parts OF the country; but pro-
erosion has been the rule dissolution the excep-
ton, with the companies. The money-market,
which has been long FESTIVE under the load of spec
uation thus impending over il, exhibits, like a
drunken man, symptoms Of Keeling; and steady 1t
cannot be, while railway bills requiring nearly
enty millions of capital have already been sanction
ed by Parliament this session.
The Cambria, Captain Judkns, arrived here on
the afternoon of Thursday after splendid passage,
with the intelligence Of the rupture which has al
ready taken place between the Mexican and the
American forces. The issue ofthe conflict, which
has taken place ut Fort Isabel, on the Re Grande-
il conflict il can he called for II seems, according to
the accounts, too trumpery for the appelation-has
astonshed, and we are sorry to add, grathed ma
, ny persons
Of American produce. On its receipt many persons
instantly withdrew their cotton, and the conse-
quence has been, as is customary in such cases, a
rush of SPECTATORS into the field and an improve
ment in the value of the staple. Another cause has
been at work. Early yesterday, the result of the
second reading of the corn bill in the House OF
must benefcIally serve buslness-must give in
creased frmness to the manufacturers-must en-
nance the value of the artcIe and this, with the
former cause has. rendered the market additionally
firm.
If the corn bill should passed. which, at present,
there can hardly exist doubt in the minds of the
least sangune-a large quantity of 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 -four and American pro-
duce Its value has been estimated as high as Ave
millions sterling. In every point of view-for the
safety of trade for the security Of the exporter, for
the comfort and happiness of the people-t is de-
sirabe that no unnecessary delays take place. Our
readers will observe that the government had not
only majority Of proxies, but majority of peers
present on the division. This is important as re-
| CARDS the ultimate success of the measure IN COM
| mittee
The markets in every part of the country will be
more or less affected by the second reading of the
corn bill in the House of Lords, but the effect will
not be fully developed before the sailing of the
| steamer on Thursday next. In the mean time, we
refer our commercial readers to what has been doing
before the result TRANSFERRED, and they will see that
business of every description has been more or less
Influenced by the pending state of political af-
| fairs.
| TRoops TO OREGoN.---We noticed in a recent
number of our publication the fact Of the British
government being about to send a small detachment
of troops to Oregon. 1t appears that the Croc-
odile, troop-ship, Commander Lowe, is being fitted
at Davenport, with all despatch, to carry troops and
| it would appear from what they are doing to her,
that it is most likely her destination will be among
ice She will proceed direct to Hudson's bay, via
| Labrador, and Hudson's straights to Fort York
situated at the mouth Of the Nelson river. This fort
belongs to the Northwest Company, and it is the
| nearest seaport on the Atlantic side Of the North
American continent to the Oregon territory. This
! ko,, ohain tratf