Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1846-03-07
Correspondence Of tho Republican.
WASHINGTON, Feb. 90, lS46.

hSHiNSTON, TcD. ~, iofo.
The city was all in a buz this morning
from the rumor that the Cambria was in,
bringing most important foreign news, and
all was anxiety and impotence until the
arrival of the half.past eleven train of Bal
timore cars, which brought the "Sun," con-
tanning the anxiously looked for intclli
gence. The recommendations of Sir Ron
ERT PEEL, for the total repeal of the Corn
Laws at the end Of three years, is looked al
in different lights by dfferen, factions and
interests. The ultra Oregon men regard
it as a bait thrown out to secure the AMIGA
BILE adjustment of the Oregon question by
the surrender Of one-half of the territory
TO Great Britain by this government, and
that after that is accomplished, they will
do as they please about carrying out the
recommendations of Peel
Another interest-the Free Traders of
the South-regard il in this wise: They
insist that it is in accordance with an indi-
rect understanding had between leading
men on both sides of the Atlantic for some
time, that the Corn Laws Of Great Britain
werej TO be repealed, our tariff was to be
stripped of its protective policy and re-
duced to mere revenue standard, and
last, though not least, that the Oregon ques-
ton was to be compromised at 40. All
this, they insist, will now be accomplished;
and claim great credit to themselves for
opposing the ultra Oregon movements and
holding the House in check from doing any
act that would prevent Great Britain and
the Free Traders of the United States from
carrying out their mutual understanding.
As evidence of the correctness of their
assumptions, they point with evident salts
faction to the fact, that the British Parlia-
ment ordered Mr.. Walkers report as Sec
rotary of the Treasury, upon the tariff, to
be printed and laid upon the tables Of the
members of both branches of Parliament
And to the further fact. that they speak in
the most friendly and pacific tone of the
Oregon controversy, regarding it as of
minor importance when compared with the
great change that is about taking place in
the commercial policy" of the two coun-
tries.
AT the White House all is sunshine and
smiles, and Mr.. Polk and Mr.. Walker feel
confident Of acquiring an undying fame by
the settlement of the Oregon question, the
destruction Of the present tariff, and being
the means in some small degree, as they
insist, of the repeal of the Corn Laws
which may hereafter take place.
EFFECT OF THE NEWS AT New York.
The express of Thursday evening, the 10Th,
says:
j The news from Europe received by the
steamer, down to the 4th inst, is hailed
by all classes as most pacific, and favorable.
The expression of the Queen in her speech
in Parliament, and Mr.. Peel's remarks in
the House, are so decidedly friendly, that
all possibility of war from the other side is
at an end. All the beligerent spirit and gas
is manifested here, and none by Great Bril-
tain.
The news had an instan, effect to carry
up'stock, and 10 give life and animation 10
every thing. All was congratulation, that
the tone is so different, in England, from
what we receive from Washington.
The proposal Of the British Minister to
take off all duty on bacon, beef, hay, hides,
meat and pork, and to reduce the duty on
candles, cheese, hams, hops, indian corn and
talow, will be received here with the best
spirit.
1t is believed by all that this intelligence
will have a decided influence in Congress,
and that the measures that will be adopted
in the Senate will be of character to meet
the feeling manifested in Great Britain.
The National Magazine for February
contains paper upon the Corn trade of
Europe, which has special interest at pres.
, ent from the belief that has been very
widely entertained that the expected open
ing of the British ports to foreign grain
would be measure of high importance to
this country. 1t shows, by tables from
official Parliamentary papers, that of the
l,993,4O5 quarters of wheat imported into
the kingdom from abroad in 1910, only
1875 were from the United States, while
Germany alone sent 364,553 quarters; and
the most undenable facts are presented,
showing, beyond all possibility of doubt,
that it is utterly vain for the farmers Of
the United States to expect large market
for their grain in Great Britain, inasmuch
as il can always be procured much cheaper
from the graingrowing regions of CONT
mental Europe.
The Great West is the subject of another
paper, which contains some striking facts
concerning the growth and prospects of
that wonderful region. One of these, in
a note, states that a single individual in
Cincinnati has negotiated drafts through
the banks to the annual amount of from
$4,000 to $4,000, for the proceeds of
eggs shipped from that city to New Or
leans. The productive industry of the
nine States bordering on the Western wa