The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-06-29
From our New York Correspondent.

/" Dorcas Prince" Capt Blanchard.
From our New York Correspondent
OCEAN Postage = Stsamsrs bt.vsen .fai.Osrp and Nap
York --Msmphs Conoeation Sub MAJ inc Telegraph
between England and Hoitdnd
New YoRk jane go, 1853.
The reduction of ocean postage Would to be well
a2i,aed abroad BY It's chief advocates 1t will be for u.s.
in matter predetermined, 10 wait the result Of some
practical exemplfcaon Of the sotndness OF the PROPOSE
tons urged. The British official accounts relative TO CO
loniah distinguished from foreign letters, EXHIBIT the
fact tha, the number Of colonial letters but one
hundredh part of The total number of letters passing each
year through The General Post Office at London. Thus
600 900 of letters all that pass annually between the
United Kingdom and the whole OF the British possessions
abroad The experience of inland penny postage enccur
ages favorable view of this project OF reductien not
the least striking instance OF the latter being had from
Russia. letter now going for sum equal TO eight
Cents from extreme to another OF tina, enormous
pire. France, Spain, Holland Belgium Prussia and Ba
vars, all admit the simplicity and practical importance OF
low and uniform rate. II within. why not without:
Information has been received that the Minister OF
Foreign Affairs for Belgium has presented bill TO the
Chamber authorizing the establishment of a regua ser
vice Of steamers between Antwerp and New York A
company, with capital OF FIVE millions OF francs, four
per cent which, for much is employed, to be
guaranteed by the company Tor ten years. well as
the chief features OF the bill. The authorization OF in
tees on the capital, though somewhat novel, is quite
ndaiory feature After the first year OF forma-
,ion the company is to have semi. weekly departures
from each port
new vessel il about TO be allel TO the presen. force
OF The present Pacific Mail Steamship Company. Her
hull very sharp chiefly remarkable for the strength OF
lis bracngs Numerous side ports and side III ,hls af
ford what has long been Observation-Disclosures Of light
and ventilation
The project of decree for the guarding of treasure in
assage from another, published by the gov
eminent in the Gactia Ofcidt, OF Blgoa, is highly
ceptable TO those concerned here The of reals
for every pound weight may be considered moderate,
should the armed service prove efficient proposed
though neither individuals companies ever likely
entirely 10 rely on II as To go unarmed The amount
of specie brough the shmus OF Panama In the four
months OF the present year reaches the enormous Of
nearly thirty millions of dollars; all from Peru
Chilli Acapulco, and California.
The California legislature canno, be accused OF lnacon,
having passed, in its session lately closed, hundred
and eighty laws. The tax imposed by il on real estate
and personal property is exceedingly mo ierate aud dis
covers that disposition peculiar to our State govern
ments-noi 10 tax beyond existing requirements. The
translation OF the law concerning this act into the Chi
nese language is a novel feature. suggestive OF some
curious thoughts pointing 10 The future. The low cos,
imposed bs another act on naturalization papers w have
a wide and beneficial influence
The proceedings OF the Memphis convention, 50 far as
reported calculated 10 support, and in way d.
mnsh, previous expectations Yet there appears want
OF practical handling in not few matters The details
OF trade are much overlooked The beginning and The
end seen-what intermediate not taken sufficient, ac.
count of. The late United States consul at Amsterdam,
in offering the resolution that direct trade,
cial consequence and in detail 10 be practically demon
sta,ed is subject OF interest TO the whole country, and
p oper for The consideration and action OF the
veniion. lie says:
"ibeleve, sir, that the South can never become com.
mercal until she has carrying trades that she can
never have carry ing trade until she has ships that she
can have ships until her merchants and people
have interest in building Them; and finally, thai
southern will have motive tor building ships
so long as the present system lasts"
True
1.-The future commercial position of the South is OF
importance than the present interests OF any set OF
| Individuals"
| Also, true, ..'
| But the speaker goes on 10 say:
Cotton is bought because it il cotton. The fact that
Liverpool handles has nothing al all 10 do with It's value
Neither does The manufacturer inquire whether costs
two cents cents pound TO get il TO him. He wan-
cotton-sImply cotton, lie desires so much OF certain
qualify at certain prices and. believe me, gentlemen,
ing They do not add one cent TO your staples original
intrinsic value Cotton raised Tor manufactures, and
not for speculation In regard TO other products IL is diff
ferent Some raised in all paris OF The worldn all
1
All liable TO waste and damage. The Greeks ESQ sage
the report from England) will soon drive Amsican
grain for instance out OF the foreign market But cotton
is an American monopoly-a southern monopoly--ihe
growers constituting olgarchy Co,'onis interviewer
with the destiny OF Europe. Engand's late hang. ,us.
pended literally by a thread OF lotion. This quality OF
intrinsic value peculiar 10 this staple and consequently
before stated. imparis demand which at once
bes the producer or holder 10 realize cash Tor IT. Now
will suppose, for instance, that this staple embracing
these elements oil value found on The foreign market
in the shape of BALE exposed for sale~S there any
planter dull OF comprehension as to suppose ina, this
or that merchant, this port or that pori have
added its value. 1t is cotton, and NJ bale oil II had
drsed the entirely free Of expense, aud stood
side BY side with one the usual route the s'a-drl
bale II in order and condition. would sell tor as much as
The othef II negro were TO raise his bale OF cot
ton and send to Europe, this negros bale would bring
Just a. much Of Of the same quality and wewhD as
bale Of cotton bought by the Bsnngs on speculation
How absurd them to that the planter hazards the
value OF his staple by shipping himself How perfectly
absurd All he has 10 do - 10 get his cotton TO The beat
market and let him get there cheapy possible. re-
Numbering s cultivated Tor manufacture and
not for speculation La.
NJ. -. - Z,