Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-06-04

by the General Government tkrtytwo millions Of francs
There is no news whatever from the north Of Europe
The overland mail brings Of more fighting in BUR-
n.Hnot however with the National Government Of that
country but with robber-chef There have been slight
disturbances the Punjaub frontier The advces re-
specting the progress Of the rebellion in China highly
interesting and important There is no doubt that the
Chinese Government has applied to the British auhor
ties for assistance One thing appears be certain the
Emperor of China has means of his with which to
arrest the progress Of the insurgents who will doubt
after capturing NANKIS advance directly upon PEKN,
the conauerng of which city would be the downfall of the
present dynasty and most probably complete revolution
in Chinese policy and in the relations Of that
try with the trading and commercial world 1t is impos
ble to foresee the changes which such event would
occasion 1t would be like the opening of continent
to civilization commerce. and social intercourse. AT pre-
sent the of Chinese affairs causing great deal of
speculation and uncertainty in the tea market and will
soon be felt every table throughout the world
great meeting was held in London yesterday on the
subject Of establishing school college upon large
scale for the instruction of persons connected with
chancal mercantile and pursuits In the
of the proceedings the Earl Of HARRowDY, the chair
man, said:
Sir Thomas Gresham, had recognised the deficiency
under which the citizens of London laborcd in this
spect and had provided nobly for its remedy. The
dowment of Gresham College, il it had been carefully
watched by persons animated with the spirit of its
founder might at the present day havo boon mighty
CINE the cultivation Of that class to which England
its position amongst the nations and upon which
the country will become more and more dependant
Gresham College, however having suffered losses in times
past by the ncapacty Of its managers is now although
still in possession of great resources utterly lost to the
citizens of London 1t ulfs few of the obligations of
its charter ludcrousy LITERAL while the whole
spirit of the institution has evaporated The magnificent
foundation Of Sir Thomas Gresham is frttered away in
the payment Of some hafdozen professors who deliver
set of lectures in English and Latin to few persons
drawn together by curiosity than by any other
tive and who class totally distinct from the class
which the founder intended to benefit The necessity of
the application of funds of this nature and of still greater
raised either by subscription from other sources to the
education of the mercantile and maritime community, is
becoming daily more apparent. The Earl of Harrowby
stated that he had the most perfect of the fact
that agent at Liverpool having his choice of Amer
and British ship would not think that he doing
his duty to his employer he did not select the American
ship being safer and better found Whatever quaiif
cation may be deemed necessary to this statement it is
still too we'll known that there is much foundation for it,
We subject in the present time competition which
is day by day increasing in Importance America is the
country which enters into this competition with the great
est energy and skill There is doubt that all branches
of the American navy have the benefit Of education far
superior to that which be obtained by the correspond
ing class in Great Britain In reference to this it may be
remarked that papers have been supplied by the Amer
Government to the masters of great numbers of
chant vessels, containing system of directions with
spect to observations be made during their respective
voyages Aided by these and the logs of the vessels
Lieutenant Maury has been enabled to obtain such know
ledge of the currents of the and the trade winds
to reduce the length of certain voyages by almost
third discovery of this nature has the effect of giving
the Americans something very like monopoly Of par
tcular trade for certain time 1t is not too much to
assert that the logs of the greater number of English mer
chant vessels would have been utterly useless in nves
cations of this nature The general education Of masters
of English vessels is doubt amentaby defective The
feeling of the meeting yesterday unanimous to the
necessity of providing by sufficient education for the
remedy of evils of this kind On mercantile and
rhine emnence depends position amongst the great
Powers of the world We have up to the present time
been in the possession of many natural advantages
that the of competition has been for comparatively
easy One by one these advantages may be counterba
lanced. We are menaced in manufactures, in our
trade and in our maritime supremacy 40 means OF
rising superior to these dangers none can be more ETH
cient than sound practical education to the mercantile
and maritime classes of the community and If the meet
ing yesterday is able to render such education
practicable, it will merit the gratitude not Of the city Of
London merely, but Of the nation at large"