The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-07-27
THE UNION.


From the Boston Post
Commerce Abroad.
The great feature OF the London exchange now is the
rapid accumulation Of specie in the Bank OF Eng land
This is pouring in from several quarters, mostly, how
ever, from the United States, with large proportion d.
reel from California. Al The same Tune the export OF
specie 10 Europe-France. SPAN, and Gemsny-is also
heavy Money is growing easier Than has been, and
little anxiety lie felt in financial circles lest The activity
of trade should not be sufficient to require the OF the
accumulatng surplus
OF lae the share market has been uncommonly buoy
ant the rise in railway shares having been OF decided
character. Sui the causes are thought not 10 be suth
clent to warrant the improvement The increase OF traffic
has neither been large nor The Improvement in The
condition of The lines been great as was anticipated
and hence great doubts are ielt OF continuance OF the
present Tor the shares.
The great commercial topic continues 10 be The navi-
CATION laws, and The ability OF BRUSH shipping interest
under them compete with the foreigner The press
full OF articles and statistics about them and the subject
has elected a long debate IN Parliament. Though
have given heretofore almost every point in The aTgu
meat YET the persevefing 'ehaci'y WIN winch The pro-
ectonsls urge their cause-ther determination to effect
II they alteration at least that shall cut OH The
American from the recent advantages that have been
tended 10 n-make the subject OF prime CONNER
cal Importance The main point OF the popular demand
Tor the British government To require Of the Uni
ted States in the trade 10 California in return Tor
The privileges American vessels enjoy to trade the Brit
ish colonies la this be denied, Then the iatory
recess is recommended OF inleldcting the Americans
| from the British colonial trade.
Bat this is two Led sword-this retaliation process
The coonists who reapng the benefits OF this ex
tended competition will have something say about that
They have got already large taste Of cheap freghs
The West India colonss get for instance their sugars
carried at about oneha the rates they formerly paid and
so they compete better by much with the Brazilian
and the Cuban. The East Indian coonists also have
come in Tor great reduction OF the same article The
American is carrying there for 25s per ,onagansl
former price Of Is, in the best lines, and 45s
age lines The Liverpool Mail, in renarkins on this,
says:
ain truth. from the amazing influx of new American
vessels o the largest class which frequent this port
experienced and practical men, who have to do with
them officially. conceive that The ratio of ship building in
the United States is greater than in the United King
dom and that, natural and necessary renee
of the United States virtual monopoly of their marvel
ous coastng voy age from The Atlantic States TO Cali
fornia, the American shipping, so long as they
for that first portion OF their protected voyage from
10 flO Ton, will, Mr. Alwyn shows, gradually lower
relghs still further TO 20s 10 49, los, even 5
from the Yves, Coast the 10 England rather than
me- otherwise they must come, in ballast here, to
take Brilish cargo home. We not blaming other
protective policy, which jealousy guards ali their ma
tona Interests All we say IS thai II plainly i'm loss
BILE for the tish mercantile navy Tong up unie
snch unequal competition, unless our rulers take a
leaf out OF their book"
Now the remedy proposed is 10 make the furthermns
Ind all British coasns Trade, ja-t California is our
coa-,ins rate; and If the coloniss erumhie at gong
back TO monopoly prices let rheI, grumhe This is tn,
way even the Sc proechonsls now talk
"We still feel persuaded that the sole adequate rem
edy IL, hol nomnay and really, TO craw our -h pos
sessions closer 10 the mother country. and entirely
puuge colonial trade from fiscal vocabulary
There is uohing else tor H. Ii Is idle dreaming talk
now returning to the anuquateI complicated, cheekeed
understood, and almost unlnellgble old navigation
law. Not only II IN many respects next 10 impossible
but, were II practicable, might be scarcely desirabe
proiectionis shpowners selves being the judges"
/ To show how de-p'y The British shp,wner is stirred
take one or Two questions from one OF Them Mr. Dun
bar asks:
.. Is ii lair 10 ask me- an Englishman if can sail m,
ships as cheap the Americana Why snouli be re
quled 10 do So Did spill oceans OF blood ant
spend millions Of treasure TO secure our colonies and for
esn possessions Tor The use OF foreigners Are Il
pay the interest oil ts0O 0O0UCO 10 enable TO keep pos
session OF these coones that The Americans and other
may trade on equal terms with ourselves 7"
The answer Of the colonsis TO all this is that the,
were made exclusively for the OF the mother NJ
moleposts that il they get freight carried for ii
pouncs The ton by Americans there is no sense in thei
paving the British ten pounds. In the question of Mr.
Dunbar there Is the essence OF the old INDUSTRIOUS coona
monopoly system.
Our asl files contain NJ Thierss great speech in sup
pou of protection in France. Il was occasioned BY
well directed attempt OF M. ST. Beuve TO modify the
srcliye features of The French ,arid--an approach
towards a free. trade system Nj Beuve made an abb,
ech conlendng for the soundness OF free trade rinci
pies, and that France need not fear the OF he
appl cation. as her industry had nyal in The world
lengths with IT, His speech would ill columns OF III,
Times end his Side prevailed by OF 42S agains
1893 Nj Theirs seems 10 think America has need Il
fear free trade. He said:
: Il o great natoas are now entering on manuiac
turing America and Russia has democrat
and the other despotc form of government Both arr
making rapid strides The Americans have good Iea
sons for advocating the stem OF Tree trade They have
all they require Tor food and clolbing But ii Washing
ton to return EARTH what lvice would he Civ,
his fellow countymen | am he would advise then
10 remain agrioulturists The OF hert,
and OF greatness Hear hear and sensation Russi
desires to make cloths, because she wants 10 trad
in them with China her design being 10 transport then
there in caravans. The Rus ans perfectly ri9it
for every nation ought 10 do much is its owl
power. At6rsi the experiment will dearly. bat with
i time and patience the article will become cheap
i The lree-traders of France do not appear TO he dis
cour ged by their failure. They have formed a society
an about 10 take efficient 10 enligten a.
public mind The day Of prohibition and restriction ha
! gone by.
/ From the Cincinnati Gazette, JAY a.