Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1852-12-08


the condition and to increase the comfort oil the
working claSses, and that unrestricted competition
having been adopted after d6beTalon, IS 1.-THE prin-
ciple of our commercial system. This House is oil
reServely, TO adhere 10 that policy, IN those meas
ures of financial and administrative reform, Which
under the circumstances Of the country, they may
deem it their duty tointroduce."
Mr. DiSracli hash cen charged with an extensive
plagiarism from NJ. Thiers's eulogium upon Mar
Shall St. Cyr, in his recent speech in laudatOn OF
the Duke Of Wellington, whereupon the following
doggerel epigram has been circulated, us 'LlneS
by statesman on being ordered TO prepare ill-
neral Grafton upon the death of Field Marshal the
Duke of w. llingtOn:"
Nopatrotic feelings swell my heart!
But since the land one garb of mourning V ears,
An organized hypocrisy be my part
And rs ! e'en must weep, l Will steal 1h'eTS'
FuMEnAL OF ACKNOWLEDGEMENTS
TRANSACTIONS IN GRAIN, &c
Correspondence ofthe Commercial Advertiser
LONDON November 10, 1852.
The funeral of the Duke of Wellington took
place yesterday, and the attt ntiUn of the public
will now be directed TO the ordinary course oil po-
litical affairs. Great satisfaction IS leit that the
ceremony is over and tits feeling is increased by
the fact shat il was not only unaCCOmpanled by
accident, but that the day for the first time
during nearly two months free from rain. 1t was,
indeed one of unusual fneneSS for the month oil
Hiovember, and there was sufficient sunshine TO
throw the procession into high relief at the InrI-
Gus intersections of the streets and open spaces
where the shadows OF the high houses were bro
ken through.
1t is estimated that atIeast million and half
of people saw the procession. The sitting accom-
modations at the windows and roofs of the vari-
Gus houses on the line served for about 100000 or
10000. Tie Queen and her children looked at
it from st. JameS'S Palace. The American Min
lister joined party Of his countrymcn, invited by
Mr. Peabody, to the London Coffee House, which
FNE fhaaNN ~
thetlral.
The day after tomorrow the voting commences
in Paris and Throughout France, for the restoration
of the Empire. II will occupy two days; and cv-
erything will be arranged so that the declaration
may take place by the second OF December. Mean
while the Moniteur has announced that in the
course of the next forlngh the army is TO under
go a reduction of about 10000 men. Its present
amount is stated to be 100000 men, and II IS TO be
fixed at 379,177. To the stock dealers on both
sides the notification has afforded satisfaction, and
the English funds have opened this morning with
renewed firmneSS. The step is unqueStlOnably
more favorable than il it had been to lar
ger amount and promised ut more distant period,
because in that case every would have known
that it would never be carried out. There IS now
the certainty that will take place, and although
a reduction of 10000 men is absolutely nothing III
France, where they could be recalled at mo-
ments notice, and there is at the same time IN
some minds the suspicion that whenever Louis Ma
pOleon acts openly i'll one direction his designs are
running in another, it will satisfy the commercial
well as the speculative classes for the Instant,
and tend 10 promote the activity OF general buSl-
ness.
By the next packet you will receive an account
oGthc fate Of the definite motion to be submitted
by n. N. VillerS, in the House of Commons, for
the unconditional recognition OF free trade as n
principle to which all our future financial legsla-
ton must be adapted. The impression generally
is that it will be accepted without any comLi at
Tempt at opposition the part OF the Ministry and
the cur Sty of the public continues therefore 10 be
directed TO the Budget, which is to be produced on
the 26th. Among other rumorS as TO the nature OF
Mr.. DSracli's plan, is one TO the effect that it will
propose large advances TO Ireland either on the Sc
cuty of land mortgages, or for the construction of
public works.
Some very singular circumstances have taken
place during the last twelve months in conneXion
with the supply of rain firm the continent, and
the prices at which it has been sold in our market
During the Spring, andeSpecally for several eekS
proceeding the elections, 1t TanSpITed that large
cargoeS of wheat were constantly purchased both
in the Baltic and the Mediterranean at higher quo
tations than those current here, and which were
yet forwarded for sale without reserve on their
rival at London. 1t was known, therefore, thnt
the operators must incur besides the difference IN
prime cost, total loss Of freight and charges. So
ineXplicable was the whole proceeding, that those
who were ccgnizInt of it could not help thinking
that there must be some mistake mixed up with It
that some additional facts remained TO be stated
which would show that the anomaly did not really
exist, but was only an apparent one. The COM
mon solution offered was that the protectionlSt
party had subscribed an enormous sum TO carry
out the scheme with, TO depTeSS the price OF grain
in our markets to point thatsho not only arouse
the farmers more strongly than ever against free
trade, but that should also convince the country
generally that they were subject to competition
against which they could not contend.
Preposterous as this idea seemed, it was actually
accepted by the many on account of the total alb
Scence of any other means OF accounting Ior what
YVES going on. The loss by the transactions could
already be traced to the amount of at least 910O-
coo, and it was die to suppose that any members
OF the conservative party would raise such sum
to be absolutely thrown away-more especially
since it felt that those who could have best af-
forded TO contribute, were men of too much honor
10 enter into such an unworthy plot. Still, how
ever, the wonder grew, and those who refused to
believe that it was the work of any political set
were staggered by the fact that as the cleo
tons were over, the operations gradually ceased
A new explanation has now been furnished by
their recent renewal. Purchases and sales of The
same losing character have been resumed during
the past five weeks, and it is quite etain that the
English protectionists could have no motive what
ever for such folly under existing circumstances,
all attempts to throw it upon them any more were
out of the question.
It has been ascertained that, while the supplies
have been bought generally in all parts of Europe,
France has been an exception, and at length the
conclusion has been arrived at, that the whole
scheme has been carried out by the Government of
that country, with the view of keeping down the
price of bread during all the speculative and other
proceedings connected with the arrangements for
bringing about the Empire The success of all po-
litical movements in France depended more upon
the state of the flour market than any thing else,
and as England has lately taken large quantities of
French -four, and thus raised the quotations, it
become desirable to prevent this by causing sales
to be made in England at price below what would
be renumeratiye to the French millers. Looking
at the great game at stake, and the railroad specu
lation that was to be stimulated, the expenditure of
s1OO, 900 on such apurpose, which could not with
out the most egregious folly be attributed to any
number of English country gentlemen, would seem
altogether immaterial.
Ii is also called to mind thatthe sales arrived at
their height Just proceeding the Presidents tour
through the Provincial towns, (Which correspond
ed ,,ifh ne r,arind Of nr electnnsN and that thew