The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-04-01
The Result OF a Corn Law Debate In the
House Of Commons.
CORN MAR KE1S.

CORN MAR kE1S.
STATE OF TRADE,
sc. Sc. DC.
About one o'clock this morning an exclusive and
extraordinary express reached the Office Of the NsO
York Herald, with later and highly important intel
hgence from Europe.
This intelligence was brought over tine Atlantic
by the splendid express packet ship Yorkshire,
Captain Bailey.
She sailed from Liverpool on the fifth of March,
and was boarded of the east end of Long Island
distance ninety seven miles from Sandy Hook-by
the famous clipper pilot boat Thomas H. Smith. at
three o'clock yesterday afternoon.
Oae Of the brave pilots Of that boat, Mr. James
Leonard, Immediately obtained the latest papers
from Captain Bailey, and landed at O'Clock at East
H ,mptoa. After some difficulty, he then engaged
a conveyance to Grsenport, hich place he reached;
but not unit, he had forded three streams and leaped
several bitches.
AT Greenport, by the kindness of Mr.. Brooks, he
obtained a locomotive and run through to New
York, leaving the former place at quarter be fore
10, and reaching Brooklyn Ferry at half past IL
o'clock. The first thirty miles Of this distance he
run in thirty-two minutes.
Taken in every point Of view, this is the quickest
and most remarkable express ever run, and the
whole commercial community are indebted to Mr.
Leonard, New York pilot, for his enterprise in
getting the news to this city at this early hour, so
far in advance Of every other means.
The news thus received Is warlike, but tho
opinions Of the English press are merely an e.
f-rvescence after the receipt Of little republican
spirit. It will, however, probably pass off like
that Of good champagne.
The Switzerland had arrived out with the Oregon
notice resolutions, that had passed the House of
Representatives. They increased the war feeling
in London.
The English and French funds were depressed
in consequence OF the news from the United States
The relations between England and the United
States had increased the bulk of the dispatches for
the Governor General Of Canada, and also Tor the
Governors Of the other Norh American provinces,
which were sent off on the 81 ult, from the Colo
NAL office.
The cotton market had slightly improved.
Mr.. McLane, the American Minister. had been
prevented from dining at Sir Robert Peel's in con-
sequence Of continued indisposiiion.
The Paris papers OF the l ult are entirely barren
Of news. They are chiefly occupied with the pro.
position now under consideration Of the Chamber
Of Deputies, respecting the navigation Of the river
Of France.
Ia private letter Just received from officer in
India, he observes that, independently Of those
who fell in the late engagement, there were 2,0O(
OF the Sikhs drowned in attempting to cross the
Sutlej.
Madrid papers OF the oath ult. have been re-
ceived, but they contain no news. The Three pei
Gents closed al 81 at GO days; the Five per Cents
at q 1916 for the 18th of March, and the Deb
without Interest at n at 60 days.
Our Relations with England-The Effect OF
the Refusal 20 Arbitrate.
(Ffom the London Chronicle, March ~
/ Fresh news from America has modified the 0pnion
/ which must have been formed last communica
tons These suggested The probability Of peaceful
termination to the Oregon qn:ssion: and exhibited Re
nrs ventilation Of the subject They spoke also Of pro
poses which had At least tho appearance Of equity and
details which Great Britain could admit the bssis o
q oompromise, there vas something in the improve.
ons both Of the staesmea and the Journalists Of Ameri
ca which induced us to hope that her extravagsn
claims might he abandoned for either arbitration, al
equitable partition Of the disputed territory Our hope
upon those points naturally encouraged by tn
probable effects Of the late free trade measures Thes
will. undoubtedly. when known, do good work In tn
Important intelligence from New York, containing Al
outline Of the ocsl correspondence between Messri
and McLsne that Of the United states has presene
the subject in new light England in the eyes Of Mi
Buchansn presents military aspect 80 much so, tina
America justified in irqairng into iss real chnrscteI
puts the question frankly to Lord Aberdeen HE lord
sh ID answer ss frankly that the mitsry prepare
tons of Englsni while they do not look directly I
probable rupture with the United States upon tn
Oregon question. are regarded % being useful il
the event Of such q contingency" &c In tn
mean time. on the other side Of the water, Nj
the two raticns in the Oregon territory be determines
by reference to Sovereign or State agreed upoI
b. both parties His proposal however. is rejected an
that 10 language which ths Nw Yo'k Courier Inquire
Justly stgmatises offensive. Mr. Buchanan writes
The President declines the offer Of arbitration Mr.
Pakennam had assumed that the title OF England val
valid to at least portion Of the dispn'ed territory
whereas the President rad assumed the title Of tn,
United States to he clear and uoqaostionabls 10 the
whole Of Oregon This was sufa;ient reason to decline
tho overture"
In second letter. Mr.. Pskephsm proposes ito submit
the title itself to srbtfation and friendly sovereign
or state Objectionable 10 the United States, then to
mixed commission IL eminent jnrits, civilians, &,
the title Of neither party shall prove clear and satisac
torv tnen the arbitrator may divide toe territory"
10 this Mr. Bucnansn sossers thar he has no fsh il
arbitration Ills answer is dated February the "A
On the 9TH the LAID before Congress
/ This with the comments OF the press up to ths 9th
gives the present data Tor the formation OF opinion
Nsvsrsheisss one or two particular passages IN III