Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1848-01-01
FROM Il GLAN D-uIBEH NIA
A X Il V Il d.

| f. TX q Nj IL q Il A N Dbl Ii Il TX A
ARRIy WE'D.
The British steamer IIbcrnia arrived at Boston at
3 O'Clock last Saturday morning. having left Liver
pool 18th ut The British Parliament for some days
had been engaged with the subject of trade and the
financial condition of the country. 1t expected
that of a salutary character would be intro
duccd.
The condition Of ireland was any thing else than
pacific, and Government had found it necessary to
propose coercion bill Of a mild character.
The Royal Bank of Liverpool, the stoPpasc Of
which caused so much excitement at the time, had
resumed business under favorable circumstanc
The steamer Philadelphia arrived at Havre on the
Goth Nov. She met with a terrible gale the pas
sage.
The steamer Washington arrived at Southampton
on the ID ut.
The steamer Caledonia arrived out the 10Th ult.,
and the packet ships Montezuma and Garrick, the
24th Nov.
The packet ships Fidclia, Capt. Ycaton, and John
r. Kddy, Capt Luce, each made the passage TO Liv
erpoo in fifteen days. This is equal to steam, and
such short passages EaScdrdy augur long ones Vest
,cardIy, if at the time on the The for
cign papers by the IIibcrnia, announce the French
steamer Union sailed the 9th Nov. She Is there
fore thirty seven days at The Missouri to
sail on the 23d ult.
The prices of Cotton and BrcadstuIs were lower
than when the previous steamer sailed.
The British Parliament was opened the 23d of
! November by Commission. Mr.. Bancroft, the Amc
rican Minister, and several others of the dplO-
matte body, were present. The House Of Commons
was summoned i'll her MaCsty's name, to the bar Of
the House of Peers, and the Marquis of Lansdownc
read the QUEENS SPEEcH-lrom which we make
the following extracts
| Nh LOrdS and Geutlc,ncn Her Majesty has order
ed us to declare to you the which have induced
her to call Parliament together at the present time
Her majesty has with great concern the distress
which has for some time prevailed among the com
mcrcia classes. The cmbarrassmcnts Of trade were
at period aggravated by so general feeling Of
dstrust and of alarm that her majesty, for the pur
pose Of restoring confidence, authorized her minis
tiers to recommend TO the directors of the Bank of
England course OF proceeding suited to such an
emergency
This course might have led to an infringement of
| the law.
! Her majesty has great satisfaction in being able to
inf rm you that the law has not been intrngcd-that
III, alarm has subsidrd-and that the pressure the
ba king and commercial interests has been mitigacd.
The abundant harvest with which this country has
been blessed has allcviatcd the evils which always
accompany want of employment in the manufacture
ing districts
Her majesty has however. to lament the rccur-
renee Of severe distress in Ireland owing to the
! city of the usual food Of the people.
Her ma asty tuSts that this distress will be mate
! rally relieved by the cXcrtions which have been
made 10 carry into effect the law of last session for
the support OF the destitute poor Her majesty has
learnt with satisfaction that landed propretors have
taken advantage of the means placed at their dispo-
SAL by the libcraty OF parliament, for the improve
mCnt OF land.
| Her majesty lamcnts that in counties of Ire
| land atrocious crimes have been committed, and
spirit Of INSTRUMENTATION has manifested ITSELF leading
| to an organized resistance to legal rights.
The lord lieutenant has employed with vigor and
energy the means which the law places at his dispo
sal to detect offenders, and TO prevent the repetition
of offences. Her majesty feels it, however, to be
her duty to her peaceablc and wclldIposed subjects
to ask the assistance of parliament IN taking farther
precautions against the preparation OF crime in GER
| tain counties and districts OF Ireland
Her majesty views with the deepest anxiety and
interest the present condition of ireland, and she
commcnds to the consideration of Parliament, meas
urcs which, with due regard TO the rights of proper
ty may advance the social condition of the people,
and tend to the permanent Improvement of that part
| of the United Kingdom.
| Her majesty looks with confidence to the mainte-
nance of the general peace of Europe.
| NM Lords and Gentlemen Her majesty recon-
mcnds TO the consideration of Parliament, the laws
which regulate the avigaon of the United King
dom, with "A view to ascertain whether any changes
can be adopted which, without danger to our marine
strength, may promote the commercial and colonial
| interests of the empire.
!
crngs which aillict the labnrng classes in the manu-
featuring districts of Great Britain and in many parts
| of ireland; and her majesty has observed with adj
miration the patience with which these suittringS
have been generally borne.
| The distress which has prevailed among the com
mcrcal classes has affected many important branches
of the But her majesty trusts that the time
is not distant when, under the blessing OF Divine
Providence the commerce and industry of the United
Kingdom will have resumed their wontcd activity.
The omission of all mention of the state of the
West Indies in her Maicstys speech, had been made
the subject of the most marked comment in both
| Houses of Parliament.
| Trade in the Manufacturing Districts.-From the
manufacturing districts the latest adviccs are more
encouraging. At Manchester the short time sy stem
is not universally greater number OF mills are at
work. and several again at full time Of ia
mills factories, &c, in the borough of Manchester,
on the Both ult, rs working full time, with full
hands % full time, with short hands, 90 short time,
and % stopped. OF ,070 hands, % 1885 were work
ing full time SIT short time, and 9iS were out oil
work. The recent importatons of specie from Anne
RIGA have, a matter of COURSE enabled manuiactu-
rcrs to operate upon more extensive scale. From
! Oldham, Bury, Rochdae, and their vicnities, more
cheering accounts have been received Our letters
| from the woolcn districts of Yorkshire, although
| they do not note any marked improvement, arc, on
the whole more favorable than when the Britannia
sailed. At Halifax hope is entertained that there
will be a move for the better in the Goods and Yarn
market there after Christmas.
The Panic of lS47.-Thc Chancellor of the Ex-
chcquer in the House of Commons, Nov. IL, thus
stated his views
Sir John Gladstone. in a letter addressed to him
self had stated publicly that many of the houses
which had recently failed, had been insolvcnt for
years Others had stated, that in too many cases
purchases of goods had been made, not for the pur
poses of trade but for the purpose of raising money
upon them He admitted that the trade of this coun-
try must be carried partly by capital and partly
| by credit. But there must be some proportion be.
tween the credit and capital Of those in trade; and
when the proper proportion was ovcrstcpped the
penalty must be paid; and no issue OF paper could
! ay,rt t,, mechanically consequences, The large