The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-04-11
THE LAST ADVICES.

THE LAST ADVICES.
The steamer Unicorn has not yet arrived She is
every moment expected. The last accounts from
England are by the Northumberland, which brings
dates near four days later. The whole correspon-
dence between Messrs. Pakenham and Buchanan,
on arbitration, had been published and, in addition
to this the notice resolution of the House Of Rep
resentatives had reached England. IL had called
forth no little speculation in the journals ofthe day
but neither Of these subjects had produced any dis
cussion in Parliament. Some early movement,
however, had been anticipated, if we may judge
from the following article in the latest date Of the
"London Times" Of the 7th March:
"The market for English securities was depressed
this Yesterday afternoon. In the morning an APP
pearance Of weakness became evident, but it was
more severe towards the close Of business rupOr
then bring current that massage from the Queen ,oouid
be received BY the House Of Commons tonight on the
subject Of america. Consols fell the whole about
one-haf per cent, the last quotation being for
ney 95s to 1, and for the account 95a to After
the regular hours Of business, bargains were even
concluded at lower prices than those already quo
ted. Bank stock left Off 1851 10 209t three per
cents reduced 97s &c. three and quarter per cents
97s to J; long annuities 10 lll6; Indian bonds 40s
10 42s pm; South annuities 94i, and Ex-
chequer bills 3ls to 35s pm"
The "United Service Journal" Of the same date
speaks with some asperity Of our administration;
tons, yet adds: "After ALL we still maintain there
will be no fghting-the bands of commerce cannot
be so easily broken-the invidious schemes upon
the Hudson Bay Company and the fur-trade must
speedily be checked, if not by force Of arms yet by
the want Of money"
We have greater confidence, we confess, in the
interests of both countries, and may we not also
add in the justice of England preventing war;
The "London Morning Chronicle" breathes more
Of the war spirit than the conjuncture seems
to require; but the most curious and interest
ing speculation which comes to us is from
the "London Times" Of the 5th March. The
resolution Of the House of Representatives calls forth
the article. 1t opens with good sense; but soon de-
generates into the widest absurdities. at must be
borne in mind, that there is nothing, either in the
nature or in the form Of these resolutions, which
exceeds the undoubted right of either party 10 the
convention Of 1927, violates the courtesy Of ma
TONS Thus far, the difficulties Of the case are
scarcely aggravated by the notice But this resolu-
ton having been irrevocaby taken, the peace of the
world depends upon the next step which may be
set along this slippery path. Is Mr.. Polk now pre-
pared to reopen the negotiation an admissible
basis, or must infer from his silence that the
settlement Of this question is not the real object of
his policy, but that he entertains very different de
signs which the next twelve months will disclose 10
the world ~
And then the Chimes" proceeds to speak of the
blessings ofpeace, the close relations of their
mon interests"-the horrors of war-he disgrace it
would draw down upon the heads Of those who
would bring it on. The "Times" then oes on to
suspect Mr.. Polk of different views. 1t declares
that "every part of his conduct has evnced direct
| tendency to war; 1t proceeds to heap Ossa
upon Pelion--to charge the President with designs
still more preposterous and untrue-with aspiring
to re-election-with playing therefore, 'the high
est stakes of ambition'--with an intention of en-.
larging the powers Of the Executive government OF
the United Staes by Of war, and the patron
age which it would put into his hands 1t then
caps the climax Of extravaganza, by the remark
that "Mr. Polk probably does not aim at any Sc
| States; but we have no doubt that he does aim al
securing, by every possible means, the unbounded
a,cendency of the democratic party"
| The whole architecture Of the "London Times
| is mere card house. 1t is as unfounded as
| the chimera of its compeer, the "Unied Service
Gazette" that there exists party in the Uni
ted States anxious "to whet their knives and shet
| the blood of Englishmen." Mr.. Polk has already
and repeatedly disclaimed all ambitious aspirations
for reelection. But does any sane man believ,
that the best way of promoting such object if h,
even desired to effect it, would be by precipi1atins
his country into war; Would not a mad and mschie
vous policy be the very means Of destroying hi.
popularity and defeating his success' We say it too
without hesitation, that if there be any citizen in th
wide-exended republic, who has greater interest,
feels more anxiety preserve the peace ofthe nation
on honorable TERMS as well its rights and its honor
il is the President Of the United States If there b
one, who does not aspire TO Executive aggrandize
ment, or military fame, it is James X. Polk. HI
belongs to the Sates-rghs, strict construction schoo
Of the constitution. All his principles, and all hi
feelngsurge him to limit within proper bounds, rathe
han extend the powers Of the federal government
and still more, to limit the powers of the executive
department--and still less to extend those pow
ers, by military achievements The wonder i
how any journalist, and still more the intelligen
editor of the London Times, should display 9
profound an ignorance Of the nature Of our in
stitutions, the character Of our people, and tn
habits Of the President Of the United States. w
can ascribc these specuations only to those bigote
preudices which warp the judgment, and discolo
| all the statements Of the Times about America
affairs Lat US not however he nnisunders,ood
Mr.. Polk desires to avoid war, IL he can HONORABLE
do 30; but he will never decline Il, " the honor
his country demands it. II viii not be his fsul
therefore, IL the notice should, by the mad policy
England, lead to war. The notice will only Undue
wise government to listen with more conciliator