The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-05-26

which have during the past year. been source Of much
annoyance and irritation. The future IL full OF
promise, and long period Of prosperity is
likely to follow the satisfactory adjustment OF
foreign relations. The Dismissal of Mr.. Champion
WILL without doubt bring about change of ministry In
Great Britain and that just whatws want 1t is toe
well known that the Pslnerston Ministry not al well
disposed towards the United States, and any change
therefore desirable We have everything to gain and
thing to lose by any step that may be taken BY
government calculated TO bring about change Of minis
try In Great Britain, and know of likely TO
produce such result than the dismissal Of Mr. Champion
The business at the office of the Assistant Treasurer
Of the United States for the port OF New York. g.
turday, May "a, 1855, was 3 follows:-
Paid on Treasury account. $l27, 0T II
h0c0aved ................. lIS,VV4 0V
Balance I" ............... 9,7O5, 996 O6
P P.id 70, d Assay Saes sh::;: SSS 81 81
Balance credit al accounts. 800, 30A 90
Tho total exports of cotton to foreign potts for twsvs
months ending August 81. 1854, was. 2,3ls, l4s
For the twelve months ending August 81 1855,
Of which Great Britain TOOK p...
Or rSioh Great Britain has taken 900
-or 100000 bales than to same dates last
year. The consumption o, cotton taken from the
ports has averaged 900 bales in this country for
the past four years; and for the four years i'm
nedatey preceding that they averaged 5000 bales.
1t Is therefore, quite improbable thaus recovering
from the pressure OF the past seasons operations,
they Will take 900 bales the present year. August
81 the crop forward and present prices cot
ton does not present itself speculation to justify
carrying extra stock Beyond this consumption all the
growth must b exported and il the Continental and
French ports overlooked now, inasmuch they
have taken already 226 900 bales out of the crop
than last season, it evident that Great Britain will
yet take 1000 to $4,000 bales swelling her receipts
600 bales Suppospg that the Continental ports
take 600 more, is the same Great Britain cut
off her exports to those ports that quantity. In any
contingency have yet about 100000 bales to export
which At $5 per bas-ths present average pries-gves
$40 900. The Of value in quantity and prices
the amount Of foreign export for the year ending
August 81, 900 bales at $45 $3l oOO-to
which add difference in commissions, s.samboang ship
ping baggng rope and cartng gives AL OF So
600 morebeng grand total Of fully $40, 900
which will be realized BY the 31st August this
more than last year, BY this excessive growth Of cotton
There being less speculation than usual this year, ths
proportion that the South retains is full
or $50 0o0 more than last year. The effect Of this is
already shown At New Orleans and Mobile, where aus
ton sales for cash. of estates and negroes realize higher
and better attendance Of buy than the former
two to four years. credit sales.
The report OF the engineer OF the Racine and Msssapp
Railroad Company contains the following reasons
the great Of the northern p.rto
Illinois and southern part Of Wisconsin Railroads
ming in westerly direction from Lake Michigan, have
paid better far better than any other even in the West
There five Of these although two of them are owned
BY the Chicago and Galena company. viz The Mwau
kie and Mississippi running hundred miles west from
Milwaukee to Madison, the Chicago and GAlena mali
lne from Chicago to Fresport hundred and twenty
mills and Mr. IN Enlfo bvcd
IT, four miles, the Rock Island hundred and ninety
miles, and the Chicago and Burlington hundred and
ninety miles. Each Of these roads emnnty success
full before 1t reached dfty miles into the country. Tho
Milwaukee and Mississippi earned In 1866 $3.50 and
divided IL per oent the Chicago and Galena earned
$4,000 and divided Y per cent. the Chicago o.
Burlington made the dividends and the Rock Island
10 per cent Besides paying the above Dividends each o.
the companies named had in hand large surplus
They precisely in the direction and by the short
est routes in which not only passengers but both heavy
and light reghs want to g.. Lake Michigan is the end
Of navigation coming wes:. The heavy products Of tn.
Of BY railroad. bushsl Of wheat is carried from NH
waukis Chicago TO Buffalo 1000 miles, for eight cents
ryirg 100 miles BY rail These roads, them run righ,
for heavy eights and they tbs shortest and
most direct s routes for The Eastern cities they run right
ease wi roads running southsriy from Chicago Lake
Erie These latter roads will carry the heavy ieghs
seek shorter routes to the East On the other maud
roads running east and west in OHIO Indiana and HIN
not in the right direction to carry off the
heavy products of the country
2. These roads have i'm sense lumber business,
which 10 peculiar to them The roads 10 Ohio and India
do not have this business. The prairie country ia
not really reached until you come as far west as
Illinois. This gives these roads freight from the
nss to the interior almost equal in amount to the
irelghA from the interior to the lake. Toe
:eamster take load to market for half price, when
be can gets load In return and through the Ia Ser bust
business, over this vast prairie country Of unequaled
fertility, but destitute Of timber, not only for building
purposes but TO . great extent for fencing, Will b.
tough itself to support several railroads.
B. These roads come IN petit with water
munications The roads running south from Chicago
compete with the Illinois canal those south ron Toledo
with the Wsbash canal south Cleveland with the
Ohio canal east from Chicago with the lakes tbs Nss
York Central with the Erie canal many he in
tho Atlantic States with the ocean, and many
with rivers Indeed there is other LOCALITY entirely
free from water Communication the country west cf
Lake Michigan. This is immense advantage which
might not at once b appreciated When rhe c Of
upon the enlargement Of The Eris canal it WAS Officially
stated that the canal carried tdewater curing
p.sSeans year twenty times as many tons Of freight Is
Railroads. The Lakes doubtless carry Buffalo hun
dTed times - many tons o. all the railroads from the
West Our railroads. have to do the whole Of hat bulky
lakes.
4. No other section In the United States has such a
eiass, ~ the COUNTRY between Lax. Michigan and the
Nssissppi The country west Of Lake Michigan, and
east OF the base Of the Rocky Mountains greater In
tent, and three times fertile, ali the country be-
tween Lake Michigan and The Atlantic Nearly the whole
products Of this vast country must pass
the Mbssppi say $50 miles, will be but short links Ia
roads extenf ing indefinitely west II Is 300 mites
Iowa alone Lake Michigan not in the west 1t IA In the
east fts western shore t. wsre ,ast for all
the county west Of H. Our roads upon the last end
OF tbs routes upon which there will the accumulation
OF al the business Of the them The roads
east OF US would have An advantage In this
pect were not that they lose all the heavy freight
which pass by the lakes canal This county west Of
the mississippi gives to roada magnificent future,
snd that too, Of no distant dav Already settlements
been made a. far ~ the western limits Of Iowa.
These four only all permanent in thei
nature but they must operate in greatly increased
ratio every year.
The trace and navigation returns OF Canada have just
been laid before Parliament From these documents Il