The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-03-03

In the period British consols rose from vi 10 VA
These will pay this price 81 cent interest. while the
United States government 6s will pay 81 As these prices
advance confidence increases in the because most peo
pie led by the of others Those who would not
touch Uned States 6s price in 1872 will now read
y give lO7 for them, when they find others doing
The actual abundance of moey, and the improving prices
for aterias and produce well as stocks is sup
ported by the gratifying taken by tbs in
relation its finances and commercial affairs Thus
the st OF February the laws that for l3) years have
oppressed the people, expired in accordance with the
of 1875; and trade in breadsuh is nov virtually free the
fxeI OF Ia per quarter II cents per bnshel being
nominal On the day that those laws ceased to operate
the Queen opened Parliament IN speech which contained
the following paragraph;
again commend to your attention the restrictions i'm
posed by the navigation laws II you shall
lind that these laws arc, whole in part nnecess
for the maintenance OF our martine power, white they
fter trade and iad.stry, WILL doubt deem right
to repeal or modify their PROVISIONS
These laws the last of Englands protective
system, and the great movement of the people which
put end the laws, and patrd trade will
the agan the monopoly OF shipowness
This interest the hue and cry aan, the total
repeal of the CATION laws that they did, in 1925 against
their modie through the operation OF commercial
treaties. The effect Of those notifications was TO Improve
the trade generally and now with free trade as proposed
in timber and other materials together with the enhanced
trade that the reovsaxes will Create these interests will
be promoted
The infrac,on of the navigation laws through
treaty with the United States; and u'tm itey, almost all
the nations of Europe, except France, obtained sim
liar dspenations in favor of their vessels In lS4 the
of food PEELED the suspension OF the corn laws
and the necessity of means of transportation involved a
penson o. the navigation laws, and the on ration OF
Tree trad. fatal the ch,meras OF the
More particularly ha the luminous reports of the Ameri.
can Secretary shed volume oil Igh; upon the practical
effect Of freedom of intercourse 1t will b, remembered
that in May 1913 the Hon Daniel Webster made speech
10 the merchants of Baltimore, advocating the reciprocity
prnc pile of permitting the admission oil English goods in
gsh vessels low duties ia exchange Tor similar
cessons the part Great Brain Aisr specifying cot
and rice articles which it was desirable to have
the English duty reduced, ho remarked:
Here again. then, that great staple agricultural pro-
duct of ours-the maize, il is called, the Indian
land would modify her corn laws; but 1t has been sug-
yesred- know with what degree OF p,nsib,y, and
that in regard to this ceap and Wholesome aetice
Of food Incian corn, Sosbs thai Enyt"d may be dir
posed ate its introduction hsr ports foc
frsd Of duty. Now, there be probability OF
that may say slight probabiliy-it is at least
iucny county, but il is much more great producing
country Our uz, ], the great grain product of the Url-
Indian produced to buhel of wheat Now,
however small the part may be which should probably be
that introduction into the English market would be
highly advantageous to the producers"
Since the enumeration of that speech England has abol
.hed the duty cotton, modified rice, aud abolished
only the corn, but ali kinds OF grain and has
also modified the provisions, and proposes
abandon butter and cheese aid ALSO abandon
navigation laws, in order tha by general competition food
and materials may be brought TO her people the
cheapest possible terms and that the products OF their
dustry may be carried abroad the lowest terms-hus
multp in almost limess degree the freighs offered
competition Of the shipping OF the world II the
ducon OF on favorable forms was "highy advan-
tn yeous the Produces how much the large
which England has made in all other respects
not TO treaty stipuatons but in Difference sound pnc
pie The following table shows the quantities Of beadsutfs
sent England in the last fiscal year
brsndsuHs (reat britain a,ar