New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-07-11

merce with India more than tre6led 10 very short
time But this not AL 1he whole character OF the
trade was changed Till 1913 India had been chiefly
exportiue country while become importing
and in such quick progression, that slresdy in
1923 the rate Of exchange which had generally
BEEN IS per rupee, sunk down tO2 per rupee India,
the great workshop OF cotton manufacture for the world
since immemOris times, became nov inundated with
English twists and cotton stufs After it's Own pro.
duce had been excluded from England or only admitted
on the NEST cruel terms, British manufactures were
poured into It at small and merely nominal duty, 70
the ruin Of the native cotton fabrics celebrated
In c0 the value Of British produce and manufactures
amounted only TO 1886 1872 the bullion exported during
the same year to fl504l, the total value Of exports
during HcO being El264-,6l6 90 that the India trade
amounted to only 32 Of the entire foreign trade In
ESQ the total exports TO India from Great Britain anu
Ireland we're GSO24 600, Of which cotton goods aoAe
amounted to E52200 00 that it reached more tnan
Of the whole export and more than OF the foreign
cotton trade But, the cotton manuisetule aIso e
plOyed now Of the population OF Bnlslh anu cOh'iv
ued l-l2th Of the whole national revenue AlSf eacn
commercial crisis the East Indian trade grew oil more
paramount importance for the British cotton manu'ac-
turers and the East India Continent became aetusy
their best market. At the same rate al whch the
cotton manufactures became Of vital interest for the
whole social frame of Great Britain East India became
of vital interest for the British cotton manufacture
Till then the interests Of the moneyOcracy which had
converted India into ts landed estates Of the ogarcny
who had conquered il by their armies and OF the null
WHO ld1 MuD0dlt0 III Win lltI i~OiI'of H''
gone hand in hand But the the industrial interest
became dependent on the Indian market the more It iet
the necessity Of creating fresh productive powers IN In
dia after having ruined her native industry lou eau
not continue to nuhdae country wltb your manuac-
tsree unless enable il give you some produce 10
return The industrial interest found that their trade
declined instead Of increasing For the four years end
ing with lac the imports 70 India from Great Britain
we're the amount of POI million rupees; for the Tour
wears ending 1850 they only 253 millions while the
exports for the former period IA millions Of rupees, and
for the latter period pa millions They found out that
the power of consuming their goods contracted IN
India TO the lowest possible point. that the c0nsump
ton Of their manufactures By the British West Indies
was of the value of about las per head of the poPla
ton per annum by Chill, Of Sc Sd, by Brazil oil 6s ID
by Cuba OF 81 ID by Peru of IS. I'd by Contra Amer
lea Of lOd, while it amounted in India only to about ID
Then the short cotton crop IN the United states
which caused them loss OF I'll OOOOOO III l51O, and
they we're exasperated at depending on America, in
stead Odervng sucency OF raw cotton from the East
Indies Besdes they found that in all attempts 10 apply
capital TO India they with impednents aud chca-
Dery the part oi the India authorities. mus lpdla
became the battlefield in the contest OF the industrial
interest on the side, and Of the mOneyOcracy and
oligaTChy the other The manufacturers conscious
OF their ascendency in England ASK now for the annlh
aton of these antagOnstc powers in India for the de-
struction Of the whole ancient fabric of Indian gov
eminent and or the final eclipse OF the East India Com
paDy.
And now to the fourth and last point Of view, from
which the Indian question must be Judged. Since ia
Indian finances have got more and more deeply into d-
fCuty. There exists now a national debt OF 80 million
pounds continual decrease in the resources of the
revenue and corresponding increase in the expenditure
obviously balanced by the gambling income of the opium
tax threatened with extinction by the Chinese be-
ginning themselves TO cultivate the poppy and aggra
waited by the expenses to be anticipated from the
less Burmese "As the case stands says Mr. Dick
nson as would ruin England to lose her Empire in
India it is stretching our own finances with ruin, tobe
obliged TO keep it,"
have shown thus how the Indian question has be-
come for the first time since 1c3 English question,
and ministerial question KARI M.RX.
The Income Tax bill had passed its third reading in the
House Of Lords Lord Lyndhurrt asked Lord Aberdeen
he had any objection to lay copy of Count Nesserodes
anfesto before the House state paper which he de-
caIed to be most Illogical and Insulting Lord Aberdeen
replied that il was in bis power to produce the dOcu
at present but be hoped to be able TO do 50 in few
dsys. The Marquis of Westminster presented petition
from the Inhabitants Of Norhwich praying for the adms
SIGN of salt free of duty from India Earl Granville adj
med the Objectionable nature OF the tax but did not think
it could be entirely abolished without substituting for It
other impost On tuesday evening 2sth, the Royal
given 10 the Income Tax bill which has conse
Queny become law Long deb bates continued on the sub
ect OF the Government Of India.
the order book Of the House of Commons is au order
by MIR French, "to call the attention OF Her Majestys
Government 10 statement reported to have been made
by the noble Lord the Secretary for the Colonies ha!
successive law officers Of the Crown had gwen their opn-
zion that the State OF South Carolina justified in i'm
"prisonng they do colored sesmen, subjects of
"Hef Majesty and 10 inquire whether IN their future re-
"lstons with that State, Her Majesiys Government
prepared to admit the legality of the proceedings
We besr very little of the Turkish affair this week Pub
lie feeling much quetr on the subject but anxiety stu
exists among the merchants The monthly steamer for
Consantnope took out less than halt an average cargo
and e Insurance vessels bound TO the Danube
other places likely 10 be hazardous in the event of
have advanced, and the tendency IL still upward.
The King Queen 81 Hsneyer and the Prince and Prn
cess Prussia in London The Prince of Wales had
Al. a .la
spreading infection among the juvenile aristOcracy The
youngest Prince chrstened on p h. IN the ch,pel of
buckingham Palace by the Archbishop Of Canterbury
The chic name is Leopold George Duncan Albert
election is going on for the Parliamentary repre-
seniaon of Liverpool The candidates yet in the field
are Charles Turner Liberia asd l. b Horsfan and Hon.
H. 4 Iidden both Conservatives Mr. Robertson Glad.
stone had declined TO b. placed in nomination in opposition
to the Conservative candidates Mr. Hugh Horribly And Mr.
Bramle Moore both influential citizens had also declined
the contest SIR Henry Bulwer had been sp
Piled by TIE Liberals bui refused - sand Lord hon
MIR CoTnv al Lewis, and Sir George Clerk were likewise
sp ken OF, but the probability Is the Conservatives will
walk over the cosr,e.
Hop Henry Berkeley, late Of British Guiana is spoken
Of the new Governor of Jamaica, to succeed Sir Z
Grey.
strikes Of operatives continue Il roughou hs country
Tie kidderuinster carpet have struck work for
advance OF penny per yard which the manufacturers
are detern med 10 resist At kns swOod colieries
Bristol. the suspended Labor Al Blackburn the
turn ont Increases snd there l. little doubt that the
whole of the mills will be closed. In Manchester far
who hsy given notice T advance At Stock port the
difficulty between employers operatives continues bat
the latter are beginning to be IA distress settlement Of
some kns must speedily be come 10 In DovoOsare tbs
shoemaker are on strike and good workmen being scarce
Will ere Ion z CRY their terms general advance
had just tau place On the wages of the Welsh iron
WORKERS.
charter has been granted the Australian Stesm Nav
igston Co via Panama
The merchants much disappointed the uonreceiot
of any mail from Australia. the steamers having failed
connect Singapore. Couse ueny II unlikely that any
mail will arrive Overland til the middle end OF July
an accidental fire destroyed. tie 81 H. the aud
premises OF Mr. George Ross. psteItee OF American