The banner. [volume] (Abbeville, S.C.) 1844-1847, 1846-06-24
From tile N. Y. Evening Post, 18th inst
Is Days Later from Europe.
ARRIVAL OF TIE
STEAMER c.. WESTERN.

arrived this morning, in fifteen days
from England. We have London pa
pcrs to the morning Of the 3Oth of May.
The news in some respects is interest
ing and important
The bill to repeal the corn laws had
passed the House Of Lords, without
amendment, and by decided majority.
Free Trade is henceforth the policy of
Great Britain, the leading commercial
nation Of the world.
The Oregon Notice had been received
by nc British Government.
of the Mexican war had just
been we'd in England-the conse-
que as slight decline in the cot
ton market.
The Queen has given birth to another
princes on the 24th May.
In Ulster, the laboring classes are suf
fering as severely from the want Of po-
tatoes as in the south and west
uC ACCOUNTS vi lllC IlCN iJotdloC cup
in Ireland are, upon the whole, cncour-
aging.
The hay harvest is unusually for
ward this year. In some parts OF the
country, cutting has already commen-
ced.
The nephew of Napoleon has esca-
ped from the fortress of Ham.
COMMERCIAL.
We mentioned in our last that the
proposition of the Mexican government
for placing the debt upon new footing,
had been proposed at stormy meeting
of the proprietors in London. This oc-
CURED on the evening preceding the
sailing of the steamer, and we were ig-
norant at the time Of the result The
proposition was negatived by the bond
holders. But new and more favora-
BILE proposition is expected to be made.
In the meantime the present position Of
Mexico affords small chance Of the Lon
don capitalist " bleeding" freely in the
matter of the loan
Railway speculation threatens to be
the opprobrium of the English charac-
ter. The " collective wisdom of the ma
ton" devised plan for enabling compa-
nies to dissolve and be at rest. 1t was
thought that the concoctors Of scores, if
not hundreds, of the ill-considered. ILL
digested schemes, would have gladly
availed themselves of the facilities thus
offered. Meetings have been called, in
conformity with the provisions of the
act which was passed recently, in vari-
GUS parts of the country; but progress
sion has been the rule, dissolution the
exception, with the companies. The
money market, which has been long re-
stive under the load of speculation thus
impending over it, exhibits, like drum
ken man, SYMPTOMS of reeling; and stea-
dy it cannot be, while railway bills re-
quiring nearly seventy millions of capi-
tai have already been sanctioned by
Parliament this session,
The Cambria, Capt Judkins, arrived
here on the afternoon of Thursday, after
asplendid passage, with the intelligence
of the rupture which has already taken
place between the Mexican and the
American forces. The issue of the con-
fiict, which has taken place at Fort Isa-
bel, on the Rio Grande; if conflict it
can be called, for it seems, according to
the accounts, too trumpery for the appel
lation-has astonished, and, we are sor-
ry to add, gratified many persons
The effect of the news had been to
raise the price Of American produce.
On its receipt many persons instantly
withdrew their cotton, and the conse-
quence has been, as is customary in
such cases, rush of spectators into
the field, and an improvement in the
value Of the staple. Another cause has
been at work. Early yesterday the re-
suit of the second reading of the corn bill
in the House of was known. The set
Element Of this question must beneficial