Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1852-07-10


whole cost Of the Colony with the exception Of the salary
the Governor Who they grant, ought be appointed by
the Crown This remarkable petition containing the germ
Of ncpient independence received although opposed
by the Chancellor Of the Exchequer the ground Of its
containing many expressions of doubtful propriety,
particularly the assertio that her Majesty only the
Trustee Of the Colony" Mr. DIsRAELI suggested that the
consideration Of the petition should be postponed until
there had been time to examine it. These observations
Of the Chancellor of the Exchequer seemed produce
considerable sensation in the House There appears to
be great Of of action between the members
| Of the Cabinet.
Here was important petition, foreshadowng either
new of colonial concession, Of colonial
con presented by the Irish Secretary without consulting
his colleagues generally, the most intimately
connected with the business the Secretary for the Colo
The result the opposition Of the Chancellor of
the Exchequer, upon the ground which have stated
The petition was, however received similar petition
been presented in the House Of Lords by the Duke of
Argyll Earl GREY remarked thereon that the consti-
tuition possessed by New South Wales was in all respects
as free as in its present state the colony had right to
demand. ~
Mr. MAzzISIs addresses to the working classes at
tracing much attention by their bodness Mr. CocHnASE
alluded the other night in the House of Commons to the
following passage in one of them:
to all human probability the oppressed will appeal to
,hor strength against the oppressor in which we
shall want from you, the working classes, than
you can actually give. '.-t7.
Mr. WALpoLE the Home Secretary, said his attention
had been drawn the address in question: and that he
should call up the subject future day
The of the Bank of England last week show
the of bullion hand to have been that time
s2 000 and there is to suppose that the next
statement will show increase of more than half mil
lion, and probably at this moment the amount is
900 900 than any other round sum- The circulation
had by the last returns decreased g405 being only
Ell 2S4 s9 that the bullion hand only about
sl00 900 below the notes in circulation and probably it
considerably exceeds it. The unemployed fund
Ella, 155 Meanwhile the directors equally with the
managers of the other banking institutions of the country
experience daily increased difficulty in finding employ
men for their funds, and the value Of money may posi-
lively be considered being almost nominal. The
paraeed influx of gold is regarded with the utmost
and those who disposed view with species
of apathetic indifference its probable effect throughout
Europe long California alone the great gold pro-
Queer seriously shaken in their views since the
treasures of Australia have been thrown open The ap
probation of convertible securities of all kinds which has
been noticed for months past, is sensbly felt
than ever and holders of stocks and shares antic
pating still further rise. We glad, however, to
mark that there is almost entire absence Of purely
speculative projects upon large SCALE this is peculiar
and very good feature of the present time There is
great abundance Of all the eemenso great speculative
epoch but almost entire Of channel into which
those elements be directed Great caution is visible
all sides, particularly amongst those in whose hands
the management and control of the money market prn
cipaly rests. Consos have risen per cent during the
week, and very nearly high without the dyi
Jnot a s. ;+a;
mediate receipt. Exchequer bills also advancing
Spanish bonds in great favor also Mexican,
Peruvian, Venezuelan, and Russian stocks Austrian
stock also appears to be well ased by pretty well
known in Capel Court, and fuctuates between and
cent premium French politics have greater effect
than any thing else upon the London market and
yesterday the Of the contuacy of the French Lecs
ative Assembly in its dealings with the Government
budget produced at time depression Of nearly
half per cent in the price Of consos 1t appears that the
highest price reached by consos was in the year
1857, when they quoted at l07. Railway and mi
ming shares also rapidly the RISE although the de-
preston in consO yesterday has also temporarily affected
their price. The market may be quoted at Is per
quarter dearer for wheat The Liverpool cotton market
is reported as being tame and steady" The imports
have been 10000 bales The Liverpool Mercury says:
The experiment which has been made under the aus
pce or the Manchester Commercial Association in order
western coast OF Africa
particularly of the colonies Of Liberia and Sierra Leone
for the production Of cotton have resulted
success We learn from the Manchester Guardian that on
the experimental farm to Cape Coast Castle there
are 500 growing trees and that in October last good
crop expected from them in the course of two or
three months As Of what may be anticipated
five bags Of the cotton produced this farm have
sent to England the quality Of which resembles Brazil
an or rather Egyptian and the value is put down
fully Sd per h. The cost Of production and transit
Manchester said not to have exceeded 3D. per h. The
natives, it appears work eagerly for the pay given
them Several European residents have since started
plantations on their account, and plot alone
there were 2OO trees growing The average yield has
been found to De most satisfactory"
The Econoa concludes its survey Of the trade Of the
United States exhibited in the last annual statement
Of trade and navigation, by saying The more we inves-
ngate the trade Of the United States the shall
be satisfied Of the close identity Of the interests of that
country and our own the we shall discover how
large and important share Of IL we enjoy; the more we
shall be aware Of the advantages which we have obtain
ed BY admitting free Of duty the raw productions Of
America, and thus promoting increasing market for
e 'our manufactures"
Every thing is excessively dull in London excepting
the desire TO out Of it that something approx
mating to weather has made this big hive hot
dusty and dsagreeable The business in Parliament has
been merely routine, and preparatory to adjournment
We shall not have the excitement Of contested
election in the city. The four present members will IL
expected quietly walk over course into the new Par
lament Some Of the metropolitan districts viii be- how
e ever, warmly contested.
Tf our domestic hud oot raop;ra an onolorr c. a.