Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1846-02-27
One Month Later from Europe.
ARRIVAL or THE

Great progress Of Free Trade in England-Ssr
Robert PeLrs Financial Scheme-Pacifc tone
Of England on the Oregon Question, 9'e.
From our Northern exchanges we collate
the following summary of the highly lmpof-
tant and gratifying news which the arrival of
the Cambria brings to our shores. The Cam
bria arrived at Boston on Wednesday night,
the 18th inst, with one months later dates
that is, up to the 4th instant, inclusive.
The news brought out by the Cambria is
deeply interesting to the American people.
We will, therefore. offer. no apology for devo'
ting considerable space in this weeks Jour-
nal to summary Of its most important items.
The meeting of Parliament and the Queens
speech, and the remarks Of Sir Robert Peel
and Lord John Russell in relation to the for
eign affairs of Great Bfitain, particularly with
the United States, gives very favorable
complexion to the Oregon Question. Sir Ro.
bert Peel and Lord John Russell condemn the
cours, pursued by Mr.. Pokenhans on The Oregon
question:, particularly his refusal IF the :fer q
Mr. Buchanan, without submitting 1t to the con-
sideration q his government.
Lord John RUSSELL is decidedly opposed to
the increase of the army and navy of Great
Britain, and says that the only need of any
increase is the increase in the possessions of
that government.
The reduction Of duties on American pro-
duce proposed by Sir Robert Peel, meets with
much favor, and is expected to increase the
business of the manufacturing districts very
much.
The accounts of the various markets are Of
the most favorable character, and cannot but
have very favorable effect upon the prices of
American produce in our markets.
The London money market was rather tight,
and the quotations for stocks tended down.
wards.
Lord Morpeth has given his name to do
cument prepared by the Peace Society, recon-
mending addresses from merchants and other
classes in this country, TO similar classes in
the United States, in favor of perpetual ami
,y, and the reference of all points Of misunder-
standing to the arbitration of disnterested ma
ton.
Increase Of the .8rmy.-1t is currently rumor-
ed in military circles, that the army will be
increased $4,000 men, by the addition of two
companies to each infantry, ard two troops to
; each cavalry regiment. Three commission
ed officers, captain, and two subalterns,
will be appointed to each Of these companies
and troops
From Wilmer & Smiths European Times, Feb. 4.
The steamship Cambria, commanded by
our excellent and esteemed friend, Captain
Judkins, takes out to-day the nost important
and gratifying intelligence that ever left the
shores of Great Britain. Sir Robert Peel
England's powerful and brilliant> Minister
has developed his future commercial policy.
1t is at once simple and comprehensive and
under its operation the exchange Of commodl-
ties between this country (England) and the
> United States will be carried to an extent,
and will he mutually productive of advanta-
, ges, greater, to quote not irreverently, the
words of the sacred volume-' than the eye
hath yet seen, or the heart hath conceived. >
The new scheme embraces, with full sense
Of their importance, the principles of free trade
-repudates all protection for commerce,
manufactures and agriculture: admits corn,
duty free, at the END of three years, with
scale. in the interim, which will probably
osciIliate between four and six shliings per
quarter, and a, once admits Indian corn and
buck-wheat free Of all duty whatever.
/ Great Britain, at the present moment. is in
$ blaze Of excitement, men talk and think OF
nothing else; they have set their heart upon
tbo fort he
generation of the country, which the Premier
has laid before Parliament. ard they desire to
curtail the per iod fixed for the total extinction
:; of the corn laws. The friends Of peace and
:, progression, on this side Of the water, hope
earnestly and sincerely hope-that the new
:, policy will bind America to US by the ties OF
= amity, brotherhood and interest, and that the
. miserable squabbling about barren waste
will give way to more liberal, civilized and
comprehensive views.
, The immediate effects of the new tariff or
the most prominent articles of American ex
= ports we have noticed elsewhere. Altogeth
s er the subject in its phases. is the most lmpor
y tant that ever crossed the Atlantic since the
o introduction of ocean navigation and all tina
= is now wanting is for the Government ant
If people Of the United States to meet us in {
e kindred spirit, and in the true spirit of com
MERGE and of friendship, forget tie past, ant
d run generous race of mutual happiness ant
IS prosperity for the future.
The Queens !Speech.-Our readers are awar
n that at the opening Of Parliament, the Sover
10 teign of England deliver to tina, body
short address, which is termed the Kings, o
# the Queens speech, as the case maybe. Thi
r. address is generally short but comprehensive
le We think we cannot do any thing which wi
|" ~ please our patrons more, than to give it ;
H. length. 1t was delivered at the opening
D..E,rort :, IT, follouinr ,vorde.