The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1849-03-24
NEW ORLE ANS:
SATURDAY MORNING, MARCH "a, 1s4o.
Correspondence OF the Gresrent.
Mr. Lnboucheres StatementThe Free 7rads Question
The Canal Bank-1hs BrookIvn Charter-Wedthe,

The Canal Bank-7Ns Brooklyn CAarter-Weather
NEW YORK. March IA, 1s49.
Eds. CrescsntThe statement of Mr. Labouchere
in Parliament expressing the readiness of Mr. Bancroft to
enter into reciprocal arrangement with the British Gov
respecting the navigation laws excites much discus
sion in political circles and among the newspapers
of this city Tho resolution of inquiry, introduced in the
Senate yesterday by Mr. Webster has the oppo
nents of the contemplated measure and the wings are
almost to anaysd against it, with the will. and
think the energy. requisite to work its defeat.
Mr. Bancrots friends alsge that be has acted under the
Instructions of his Government and that such instructions
with the best interests Of the United States
The wings dispute both branches Of the allegation and bring
their big demolish the dependent doctrines
The eetraden that it is childish and illbeal to
fear that Great Britain will herself of our
coasing trade If she should attempt would be
with her by sending oyer fassaie do the thing
for her. We will fill the Mesey and the Thames with
schooner, and coal from New Castle to London
The wings think should Be carrying Goals to New
Castle. in attempting operation of the kind, and quote
Mr.. Webstsrs observation, that if open ports
British vessels of bound to do the thing
vessels coming from the North of Europe from Bremen
and elsewhere [natons put on in treaties with the
most favored and that the coastng trade of Great Britain
infinitely small compared with that of the United States
reaching the latter does from Easpo to the mouth Of
the Rio Gande and covering 1900 miles of the Pacific
besides and California trade becoming, perhaps. the
most important in the world. They think the exchange
would involve but microscopic shadow of reciprocity.
The fee.traden say We want premium on laziness
pense than the of other country and these adj
vantagss make us safe against all competition"
The wings reply. Yes. but American ship builders sail
makers, sailors. etc.. don't like work for British wages
Our capacity to do what John Bull do is undoubtsd
but willingness to with his fare quite another
matter"
We abstract of the report of the select CON-
mss of the Legislature the Affairs of the Canal Bank at
Albany by which it appears that deposos will receive
about 40 cent Of their money after all the bills in cirou
lation redeemed at The assets of the bank when
closed its books 81 00 but $500 COO
of this proved worthless The stockholders course.
lose every dollar of their investments.
Another counteeer arrested the day before yester
day, in Providence R. L. who confessed a connection
with Boyden whose arrest with plates bills etc. of the New
England Bank Of Providence, mentioned days ago.
His name appears to be Davis.
The lovers of pugism and pugnacious exhibitions in this
ty arenvited by adves ment in this mornings rad
to attend series of pignastc exercises the upper part of
Broadway next week The celebrated pig PGpe will there
give few lessons on the science of selfdefence
The special election held yesterday in the city of Brooklyn,
resulted in the rejection of the charter by majority of
s52 light The citizens will consequently have
to bunder along under the miserable system in opera
tiOn. The former fremen almost to man went against it,
because did not provide for the election of cheengneer
by the fire department alone. The naturalzed citizens
also. generally voted against it why, they could hardly tell
Our fine weather TO be leaving and have
day wind with cold drizzng rain and occasional
spit" OF uncomfortable looking Every body is in
ilhumor No of the cholera reported from
the shp Liverpool or Hospital Barge.
Very respectfully. INDICATOR.
NAVIGATION LAws.-The London Times thus
speaks of Mr.. Labouchere's resolutions:
eve do not anticipate much real resistance to
Mr.. Labouchere q resolutions. Whence, indeed is
it TO comet Doubtless some very brilliant speeches
will be delivered against them by the class of Par
liamentary orators; while ship-owners and ship
builders, who fave professed Themselves utterly
ruined a dozen times within our recollection, will
once more predict their own final catastrophe.
But, unfortunately for them and for their few
friends in Parliament, the plain interests of every
other class in the whole empire just the other
way. 1t is the interest alike of the farmer and of
the manufacturer, of gentlemen and of labOrer, of
consumer and of producer, of London and of
Stockport, and of the Duke of Richmond and of
John Bright, that there should be the most open
possible competition for the carriage of foreign
commodities to these shores, and the return car
riage of British manufactures to all parts of the
world. The agriculturist has now no other pro-
lection than the general prosperity of the country,
and the consequent demand for his cattle and corn.
Whatever fills the shop with orders, and the
town with money, will also raise his market He
wants more mouths to eat his bread, his meat, his
butter, and his cheese, and he knows those mouths
will be closed, or, at least, not so actively en-
ployed, when trades begin to flag. The farmer,
therefore, is now bound with the artizan, and the
plough speeds with the shuttle and the loom but
nothing contributes more TO the common prosperity
of the joint stock than the cheap and easy inter-
change of national productions. 1t is the interest
ofevery man to destroy space and time, and bring
himself as near as possible to every port, to every
city, to every corn-feld, and vineyard and olive
yard, to every spice island every plantation, every
site of artificial wealth. and every source of natural
blessings in the world"
Do The National Intelligencer of the 18th con-