The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-22

the cndfm OI tniS SmOTOgti0, the government are
not allowing the guilty to escape UNPUBLISHED.
Many heavy blow has been dealt to the trade Of
Montreal since 18i9.
The victims vince, but their enemy fnches not.
They must learn to obey. The last measure of re.
taliation was a sly attempt to injure the banks.
The government keep their account with the Bank
of Upper Canada the merchants do their business
with the banks Of British North America, of Mon
treal, and Of Quebec. At this season, when the
annual imports are coming in, the duties paid in
checks on the latter-whch are Immediately handed
over by the comptroller to the "pet bank" as the
Upper Canada bank is styled, and this institution is
thus enabled to drain it's rivals of their specie.
Under the provisions Of the charters of banks,
they bound to preserve a certain proportion be-
tween the business they do and the amount Of specie
in their vaults. Mr. Merritts free banking law,
which was passed some two years ago, having been
allowed to remain dead letter. the effect of this
drain upon their vaults is to cramp their means,
and reduce their capabilities Of afording accommo-
dation to the mercantile body-a serious injury at
the present time. With the fear of a sudden de-
mand of 800 600 or $500, 900 Of silver gold from
the bank before their eyes, our cashiers
dare not venture on liberal discounts.
The government have been taken to task for this
favortism, by some of the commercial prints Their
reply is, that couple Of years ago, the administra
tion being hard up, applied to the banks of Mont
real, and Of British North America, for a loan Of
$4,000 and that these institutions refused to lend
forward to the assistance of the government. Com
mon gratitude, say the organs, requires that it
should be paid by the patronage of those whomit
relieved This would be undeniable, were the 60
vernment private individual but it is matter of
great doubt whether the administration have right
to ndulgei private pque, to crafty private
thankfulnes at the expense of the best interests Of
the country. J cannot help thinking that the min
istry would neither have shown themselves thin
skinned on the point of their credit, nor have
evinced such laudable of gratitude. had the
Montrealers behaved themselves better in 1919.
Ii. ks 70 acs a1 NIX agp
writes to st. John, N. B., that all is going on
swimmingly. The Quebec Ga.etts tells its readers
that the imperial government and colonial delegates
are only a. issue On Tha sfs
people look sadly puzzled. happen to have better
information on the subject. Earl Derby's cabinet
have enough to think of at home without adding to
their endorsements by embarking in railway spe-
culatons abroad; and at the very first interview be-
tween Earl Derby and the delegates, the premier un-
equivocally signifed his unwiliDgness to support
any other line than Major Robinsons along the Gulf
shore. Mr.. Chandler was delivered of very fine
speech, in favor Of the route by st. John. Mr.
Hincks stood by his colleague manfully; but the
Earl shrugged his shoulders and put the resigned
appearance Of man who was not to be convinced
AZ the next audience with the Colonial Secretary,
pr John takH!Ston showed pretty clearly that he
mad received his orders from his chief, and Mr.
Hncks, returning to his hotel in agony Of disap-
pointment and vexation, forthwith penned a most
petulant letter to Sir John, which, from the sketch
the negotiation. | will not undertake to pro-
phecy what change may take place within the next
twelve months; but for the present the scheme must
be laid on the shelf Mr.. Hincks was to leave Eug-
lard on the 22d inst
Stunned by this almost unexpected failure, our
representatives turned their eyes to private capital
lists The Melbourne Railway was laid before Messrs
Peto, Brassy and Others, who play with millions,
m han III Df rn cd IN,
der. They have done SO. They offer to advance
100000 on the following securities :-E250, 900
company's bonds guaranteed by the provincial 60
vernment; El50,oOO do without guarantee, all bear
ing interest at per cent; ESQ 900 city Of Quebec
bonds, aud E75,000 stock
The offer now under consideration-the proposalto
substitute f50000 stock for the Gl00, 900 loan with
a mortgage), promised BY the city Of Quebec-will,
as informed you sometime ago, probably prove q
difficult point to settle
Meanwhile, our ncighbors Of Nova Scotia are
trying to set on foot line of steamers between
Quebec and Pctou, N. s. M 4ior Norton, United
steamer of $50 horse power, called the Osprey,
which he intends to place on the line. The Cunard
company, when they first sent their ocean steamers
to sea, were bound by their contract with the
government to keep a boat plying between Nova
Scotia and Quebec to carry the mail but, in those
days, there was little intercoonial communication,
and the Unicorn was regular annual loss. She
was taken of the line some ten years ago; aud
Doubts entertained Of the success Of Major
Norton, and am sorry for it Without attaching
any pointed blame to any individual or Office, in
particular, it is fact TO which ! can bear personal
testimony that travellers from New York to Quebec
reach this city always twenty four hours and some
times thirtysix and forty eight hours, in advance Of
the mail The HERALD of Monday morning has
this instant been laid before me, and gentlemen who
left New York on Tuesday evening arrived here this
morning.
The usual distress among the emgrants il be gin
ming 10 be felt rs the summer arrivals throng islto
port The landlords and poor law unions are ship
ping cargoes OF wretched paupers to this country
Three hundred women, from the poorhouses of Tip
perary and Limerick, have been thrown on the
charity Of tho inhabitants of Toronto, utterly dos
titute The result you can picture.
MIR. Camerons election for Heron, by acclama-
ton, passed oil without disturbance His oppo-
pentsthe tories on the one hand, and tho Globe re-
formers on the other-coUld not coalesce or bring
forward any candidate separately, the Minister
of Agriculture IL re.seatcd without much trou-
bic expense. His colleague, DR.. Ralph. has
been administering pretty smart rebuke to
his constituents, after the manner of Mr.
Hincbs The Reform Association fauced them
10 dictate to their member all the appoint
mcnts 10 be made ia his county The Doctor
ciylly declines further correspondence with them,
which, suppose, VIII extinguish their existence
as a political body. Hon. Mr. Drummoad is busy
dir on, in preparing a bill for the establishment OF
county courts throughout Lowor Canada. with IN
limited original civil jurisdiction. lf this bin
passes II will give the coup dc grace to the legal
profession in this country. Already the decline 0f
establishment Of circuit courts in
the country pcrts-the reduction in the fees
operated by the tariff and the taxes tyranni-
oaly imposed on the bar for building new court
houses, printing reports &c, have reduced the pro-
iession TO n shadow Of its former wealth and mpor-
lance The county courts will plant the dagger
firmly IL It's breast. Requicscot an pdcc.
The Queens birthday was celebrated in tho usual
manner 81 lendid reviews. dinuers, aud a levee mt
Government House, reminded us Of what sol ne secm
likely to forget. viz, that we are still depcn-
denoy Of Great Britain. No en- husiasm, however
was manifested either by tho guests at the dinners
or the visters at the evec. None buncombe both,
in fact.
Mrs Bestwick, who has been here for some days
has been received with unmeTited GOODNESS. She
has ine voice, and sings with exquisite taste, aud
considerable skill STApAvoNA
EMIGRATIoE FROM HHw Brunswick TO Aus
n IN, Joh IA 4 -