Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-04-30
FOREIGN ITEMS.

The details of the proposed measure of the Chancellor
of the Exchequer for the reduction the debt of Great
Britain submitted to the House of Commons on the
8th instant The London Times speaks of it as follows
Holders of the South Sea Annutes are summoned tc
accept of four alternatives the last three of which are
offered also to all holders of three per cents reduced
The four alternatives 1901 in money for every 1901
stock; 82l l0s of 81 per stock guaranteed
against reduction for forty years 110 Of % per
cent stock, with like guaranty or Exchequer bond
for 0OL bearing interest at q per cent for ten years
and p per cent for thirty years Why this last
proposition with the nconvenient feature Of drop in the
interest after ten years. should have been made
cannot conceive unless mere feat of calculation,
on the model of the vanishing sugar duties The only
alternative however, worth considering is the offer Of
ll0 in q per cents guaranteed till 1894. Surprising the
resolutions be adopted and all the holders of three per
cents to make this selection it will the country
quarter per on the interest of about 500 000
three per cents that is about $50 000i year
q per cent being equivalent to 1901 at "a So far the
annual saving to the country would be only half that to
be anticipated from the scheme had described
But nasmuch it is proposed to increase the nominal
capital in this alternative from 1907 110 that would
De an OF ten cent to capital subjected TO
and in the year 1874 descendants would have
TO thank us for adding about fifty millions to the national
debt We have hesitation in laying it down prin-
ciple that, whatever do we justified in
creasng the capital of the debt We may increase the
terest as much as please within reasonable limits and
for moderate term of years but tomake bargain with
the national creditor adding sfty miliOns the debt
when the children born this year shall be forty years DID,
simply and solely in order to escape paying $50 000
year ourselves would be nothing less than dsgracefu
and certainly most contrary the resolute sturdy self
denying spirit of recent commercial and financial
legislation.
The prospectus of an issue Of 50 900 Of the first
mortgage bonds Of the Cincinnati and St. Louis railway
has just been put forward by Mr. PEABODY of London
The amount instantly subscribed considerable totals
being taken by large private capitalists for
vestment.
From all quarters of IRELAND there is repetition Of
the which has become the staple topic Of Irish
papersthe disappearance of the native population and
the consequent scarcity of hands necessary to cultivate
the lands that have been thus abandoned by the former
occupers Already wages have advanced to scale hth
ero undreamed of the peasantry and in instances
offers to triple and quadrupe the ordinary rates
have failed satisfy the demands Of the laborers or
duce them to remain at home and give the mother
try another trial before joining in the universal rush
across the two great oceans.
The assemble Rationale published at Paris, has re-
ceived second warning of paragraph pub
shed in its number Of the 9th instant tending" says
the warning, "to disavow the national sovereignty
The paragraph is as follows:
The Count de Chambord returns to Frohsdorf on the
goth of this month The Duchess Of Orleans has left
Caremont for her residence in Devonshre Her Royal
Hghness had accompanied her son. the Count de Paris
to the Queen perform his Easter devotons under the
eyes of his grandmother The Duchess of Claremont will
return to Orleans at the end Of May for the first commu
MON Of the Duke of Charities All the members Of the
Royal family of France are in good health.
The funeral Of MICHEL (DE BouRGEs took place in that
city last Saturday. The interment of Madame Raspa
had taught the authorities caution. Not only the
whole dsposable police and gendarmere foot but two
pquet of artillery posted in position commanding
the route from the church to the cemetery and detach
ment Of cavalry stationed in front Of the church
The ceremony was ordered by despatch from Paris
take place at half-past in the morning. About
twenty people only admitted into the cemetery
several Of the relatives Of the deceased being excud
ed with the throng No discourse the grave would
have been allowed, and probably contemplated
Such are the consequences Of strong convictions resoute
fidelity, and answering attachment TO principle Michel
de Bourges and Victor Hugo the brilliant
tors in the late National Assembly.
The Princess Donna MARIA AMELIA Of Brazil died at
Funchal, Madeira, February 9TH, aged 81.
Accounts from Hong Kong to the 18th Of February
say "We glad to report the American whalers
again fequentng this port for supplies and disposal Of
their cargoes The United States Commissioner visited
Canton, but the expected interview with the authorities
postponed We hear he proceeds north shortly We
have further particulars about the rebellion in the
north since last but the insurgents we're advancing
and hear great exertions being made to defend
Nankin Sen is reported to be degraded, and Keshen,
formerly at Canton, is again coming into favor"
Throughout all Germany the breeding Of silkwormsis
attracting considerable attention The impression which
has hitherto obtained that silkworms will not thrive in
northern temperature appears TO be erroneous In the
grand duchy Of Baden the roads and sides Of the railway
have been planted with mulberry trees and the breeding
OF the worms is carried extensively Austria is spa
ring no pains foster their production the value OF which
amounted last year million Of francs On the militia
ny frontier Of Turkey garden Of mulberry trees has
been established in every village and the military colo
nsts encouraged to extend the cultivation AT Para
qua the osses Of the fertilization have been planted with
mulberry trees and orders have been given that such trees
shall also be planted by the sides Of oil the railroads
friction match factory in Londsn produces two and
half million matches daily At another near Manches-
ter nine millions are daily produced