Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1846-03-14
FOREIGN NEWS,


The Cambria, arrived from England
brings twenty-five days later intelligence.
The news is of the most important and
gratifying kind.
Parliament had assembled, and the queens
spec CHI, as well as the tone Of the Press,
with regard 10 the United States, is OF the
most Pacific character.
Expressions of regret are made on all
hands that the difficulties between that
country and the United States, abou, Ore.
gon, are yet unsettled.
From the European Times, Feb. 4.
PEEL'S FINANCIAL SCHEME.
The Minister who carries out Bentham's
axiom OF ",he greatest happiness Of the
greatest NUMBER" will best serve the inter.
ests Of humanity and fulfil its own high des-
tiny. But where the representative prin.
ciple is al work where the public mind
possesses sufficient intelligence to grasp
great truths, and desires their embodiment
in action, all that the State Pilot has to do,
IS to be the instrument Of realizing an en-.
l'ghtened policy on the safest principles.
Sir Robert Peel, in four hours speech, in
troduced to the House Of Commons on the
9th inst. In that speech he took an elab,
crate review Of the fiscal condition Of the
country, and announced the reduction OF
duty on number Of articles which press
upon ,he5sommercal and agricultural inter.
-sea bag. "pressed upon the manulac.
turers the necessity of preparing for the
advent OF free trade, BY giving up whatev
or limited amount Of protection they now
enjoy from foreign competition in the shape
OF prohibltoiy duties; and the duties so i'm.
posed he announced his intention Of redu.
cling to nominal amount. But this appeal
TO the manufacturers is useless; they have
long since publicly repudiated the benefits
of all protecting duties; have declared that
they seek for no aid beyond free scope for
the exercise of their talents in the open
markets Of the world; and have often said
in substance to the agriculturaist edo thou
likewise" The timber duties are to under,
60 revision, but into the details of the
change he did not enter, resefving il for
another day.
For the reduction on talluw, on paper
hangings, on soap and candles, on boots
and shoes, on foreign spirits, on clover and
other seeds, on provisions, (tresh and salted)
on vegetables. on foreign made carriages,
we must refer to our ample report Of the
speech itself in another column. We can
do little more than indicate in this place,
currente ca1amo, the primary heads of the
scheme. Sugar--that great article OF Co.
Ionial produce, which next TO the corn laws,
has been most viruen,ly assailed on &C.
count OF the tenacity to which the Minister
has chung in screening it from competition
is still 10 be more or less protected. Slave
grown sugar he still regarded as an abom-
nation but the duty on foreign free labor
sugar is to be reduced IS. Cd. pei cent.
The corn laws he proposes 10 abolish to-
tally and Internationally, on the first OF
February, $40, and in the meantime a
modified sliding scale is to be substituted
for the one at present in existence.
In word, the new scheme is as near an
approximation 10 the principles OF free
trade as can be safely consistent with the
policy OF country which has its credit to
support, and the interest Of an overwhelm,
Ing national debt to pay. Sir Robert Peel
has acknowledged the principle that duties
ought to be levied for revenue and not for
protection, and his future policy, it is clear
will be directed to that end. But il would
be too much to assume that he can carry
out the new course of action on which he
has now entered wilhou. a struggle, and
desperate struggle, too, with the powerful
interests which believe themselves 10 be
jeopardzed. The protectionis,s are boil.
ing with fury, and The language recently
held in the House Of Lords by the Dukes
Of Richmond and Buckingham, indicate the
fierce passions which sway the breasts OF
British lsndlords towards the most clear.
headed, practical statesman Of his age.
Agriculture, they say, cannot exist with
out projections; but Peel says il must exist
without it at the end Of three years. He
has pitted against him the aristocracy-al
least the insoven, portion Of II, who live
from hand to mouth by their rents, and can.
no, submit to any diminution however slight,
even with permanent profit in prospective.
This is not Sigh, or contemplate opposi
lion, but worse remains behind. The ultra
Tree traders insist upon the repeal OF the
Corn Laws being immediate. They treat
with scorn the three years grace to the
landlords, and maintain that justice can on
ly be propitiaied by instant concessions.
They talk about the plumber of the past as
amongst the reasons why they cannot toll
crate robbery for the future.
U. STATES AND G. BRITAIN.
The European Times Of the 4th inst.
says:-"The commercial intelligence which
goes out by this packet is necessarily of a
meagre and unsatisfactory kind. A state
OF transition Is, Of all others, the most un-
favora bic for the requirements Of trade; for
the uncertainty which precedes the change
unhInges the operations alike OF buyer and