The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-08-04
NEW YORK HERALD.
The News from Europe-rhe Ratification OF
the Oregon Treaty.

The lightning line announced, early rday
morning, the arrival OF the Hiberna at Boston
with twelve days later intelligence from Europe,
that is TO say to the 10Th ult. About dinner time
we received our dispatches, and in the evening
the Long Island train came in with the mails.
The news thus received is interesting and inn
portant
The most interesting piece of news is that oil
the ratification of the Oregon treaty by the British
government We learn that General Armstrong
our popular and highly respected consul at Liver
pool, arrived in the Hbernia, and reached this
city last evening en- route to Washington, as bear
err of the ratified treaty, and of dispatches from
Mr.. McLane to our government. 1t will be recol-
lected that General A. left here on the 18th
of June in the Great Western, as bearer OF
the treaty to England, and now he is here again.
This is quick work.
The intelligence of the settlement of the Oregon
question created the liveliest qualification through
out Great Britain. Our private advices state that
in many parts OF the Kingdom bonfires were
lighted, indicative of the JOY felt by the English
people. IL is to be hoped that only bonfires will
be used to light the nations of the world TO the
path of peace.
According to our advices, there is not the slight
est prospect Of any interference on the part of
Great Britain in our war with Mexico, other than
the friendly offer of mediation.
The commercial accounts do not vary mate
rally from those received by the Great Britain
The free trade movement was advancing with
the greatest rapidity, and the new premier had
announced his determination to carry out the
free trade measures commenced by Sir Robert
Peel. All the free trade members of parliament
had been elected; and the new ministry must
plainly see that the only way in which they can
sustain themselves, is to adopt the principles of
the old cabinet in relation to free trade. If they
do this, and bend to circumstances in all great
measures, they may remain in power longer than
their opponents anticipate but on the contrary,
If they attempt to carry any measure in OPPOSE
ton to those principles, their term of Office will
be limited.
The position taken by the new ministry had re-
stored public confidence, and business had be-
come again settled. Parliament will be dissolved
by the middle of August, when the political ques.
tons OF the day will be at rest, and we may then
look for considerable activity in commercial af-
fairs. The American Congress and the British
Parliament adjourn about the same time; when
the people of both countries will be relieved from
the continual excitement caused by the agitation
or alteration of those laws regulating the COM
mercial policy of each nation.
Business will be allowed, for time, to 60 on
free from those restraints any contemplated
change in commercial laws places upon it, and
we see nothing to prevent a very prosperous Pc
Rod. In relation to trade there is nothing new.
Money was penter than it had been for some
time previous, and quotations for funds show a
slight advance. The cotton market was active,
and prices firm, indicating healthy state of that
trade. The corn markets were inactive, and
prices very much depressed, in consequence of
the immense quantity of grain and breadstuffs
forced forward for sale under the new duty.
Wehave received very interesting letter from
Mr.. Bennett, which we intend to publish in to-
morrow's Herald