The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-08-05
F o R E IG N i.
BY THE STEAMER PERSIA,
GREAT BRITAIN.

Of
Zlst and I'D were unimportant.
IN the house OF Commons on the 22d, debate
TOOK place between Sir c. G. Lewis and Mr.. DIS
raeli on the financial condition of the country The
former showed that the APPROXIMATIONS were con
slaeraoly IN excess of the estimated revenue for the
year. and the latter explained that the actual re
ceiPts We're largely in excess of his estimates anG
IuIly JuStlned the appropriations that had beer
maze. ne peieved that the finances of the country
naa never been In more healthy condition than al
present.
In reply to an inquiry, Mr.. A. Fitzgerald stated
Inat the war steamer Cyclops was on her way to
Jlddah to demand ample compensation and insist
on the punishment of the parties concerned in the
recent outbreak. The Cyclops was so heavily
armed that she could execute any service The
forte was notified that it not sufficient to send
a.fasha 10 Jlddah, but measures must be taken ia
vlndlcate British prestige in the East The Sultan
had expressed his indignation at the outrage and
his firm determination to exact exemplary punish
ment for It, He had also placed at the disposal of
tne brlish Minister at Constantinope $4,000 pias-
tres, and announced his intention to confer pension
OF upwards OF f4O0 on the daughter of the French
vlce-consul, and the representative of the English
vlce-consul. The Pashasent to Jiddah was armed
with full powers to act without reference to Con-
stantnople, and to declare martial law if necessary
On the 23d, in the House of Lords, the bill legal
izng marriage with deceased wife's sister was re-
Jected by majority of "a.
The India bill was finally passed. The Archbish-
op OF Canterbury expressed hope that in future
the distinctions of caste in India would cease to
ist.
The Earl of Derby said government would give
ndscrlminate and impartial protection to all creeds
ana rehgions, but would give no material assist
ance to any measure for converting the natives
lie thought it would be most undesirable to remove
the distinctions of caste, which were so interviewer
with the principles and feelings of the Hindoo
In the House of Commons, Lord Stanley stated
that between January and the Goth of July, II 900
troops had been sent to India. He added that gov
ernment was well aware of the great Importance of
striking an effective and final blow at the insur-
gents, IN the course of the ensuing cold season.
Mr.. F0rtescue asked government whether they
intended to adhere to depart from the policy of
their predecessors with respect to the right of
visiting ships suspected of slave trading and asked
what course they intended to pursue that sub
Mr.. Fitzgerald replied that the matter was under
the consideration of government, but he could not
De expected to state what course they would take
under circumstances which had not yet occurred
lie had, however, every hope and belief, from the
language of the American government and the
American Ambassador, that the matter would
shortly arrive at satisfactory conclusion.
Lord Palmerston considered this reply unsatisfac-
tory: More information ought to be given. From
what had been stated by the United States Minister
he considered there had been completed trans
action. He therefore asked what pretensions had
been given up, or what right conceded.
Mr. D'lsraeli said there had been communica-
tions between the two governments, respecting the
nlcations were now in allegiance. During that abey-
ance the government of the United States had made
a friendly overture, that her Maiestv's government
should offer to the United States plan for their
consideration, which should accomplish all the OBJ
Jects that both governments had in view namely,
to put down the slave trade without producing
Her Majesty's government
had accepted that offer, and they were now engaged
in the consideration of plan which they believed
would satisfactorily accomplish all the objects that
both parties desired TCheerS.1
The ministerial white-bait dinner at Greenwich
anticipative of the adjournment of Parliament was
to take place on the day the Persia sailed
The special correspondent of the London Times,
writing on board the A Agamemnon before the depar-
ture of the Atlantic Telegraph fleet on their final
attempt to submerge the cable, complains bitterly
Of injurious statements spread abroad from the Nj
agara, in regard to the conduct of the crew of the
A Agamemnon during the fearful storm which she en-
He denounces all such rumors as ut
terly false, and eulogises the bravery which was
evinced during the trying period. In the same let
ter, the writer pronounces a wire-covered cable
wholly unfit for a submarine telegraph across the
Atlantic, and suggests that thin copper wire,
cred with gutta percha and CREASED yarn, and
weighing only about one-fourth of the present ca
BILE, is the kind of thing to hope for with.
A scandalous paragraph to the effect that Sir
Fitzroy Kelly, Attorney General of England had
secretly married his dairymaid, that gentleman
writes to the papers contradicting the story and
pronouncing it little else than a tissue of false
hoods.
The show of the Royal Agricultural Society of
,clat.
Mr.. George BARLEY, celebrated actor, retired
rom the stage years ago, is dead.
A grand banquet had been given in Galway to
he Lord Lieutenant of Ireland, in celebration of
he establishment of transatlantic line of steamers
rom the port of Galway
John Gordon, the richest commoner in Scot
and, died on the 10th. He was worth about Sl5-
100000.
THE HUDSON'S BAY TERRITORY.
WILL THE NEW Ell DORADO BE POPULATED FROM Eu-
ROPE OR CANADA?
From the London Times July 22.l
The question as to the future fate of the terrific
les of the Hudson's Bay Company is one that can
hardly be settled by debates in the House of Com
mons. The amount of knowledge possessed by the
rreat mass of that assembly is not sufficient, the
mount of interest felt by the public is not ade-
Iuate, and the question is too remote both in time
md place. All the difficulties that beset Indian
egslation apply to British North America in much
greater degree There very few persons directly
Interested in the destinies of the II. 3. Company 1t
purely commercial association, and its share
holders, like other shareholders, think of their
dividend of ten per cent. than of anything else, and
probably know and care very little about the pre-
Use sources from which it is derived. To interest
he general public there are no victories, no cam
'agns, fall of dynasties, ancient civilization
md literature, shaking of the pagoda tree
Mild men and wilder nature are the materials with
which the company works, and their treatment,
the romantic charm with which
lr. Gladstone's teeming imagination has sought to
invest it, is essentially busness-like matter of fact
md prosaic. There is no room for Cortez or
'izarro in the cold and melancholy North. The
leroes of these rugged scenes are the hardy and
hrifty peasants of Aberdeenshire, to whom, with
he practical good sense which has throughout dis
inguished their proceedings, the company have in
rusted the management of their undertaking.
The greater part of the territory of the Hudson's
Bay Company as described by disinterested wit
esses before the Select Committee of the House of
is of the most unpromising description.
t consists of primitivs rock alternating with deep
wamps encased in it, which, as the rock is too hard
o decompose, seem condemned to perpetual sterli-
Y. The limestone, which is in general an indica-
ion of fertility is in the territory of the Hudsons
Bay Company strongly impregnated with mag
lesia as to be rather cause of barrenness I'M
nense tracts denuded of soil altogether and the
loods to which the country is subject leave little
matter behind them. The trees are de-
cribed small in girth and not lofty in growth,
md are capriciously distributed that many of the
most fertile spots without fuel which is supplied
" the miserable expedient of burning the dung of
'uffaloes. The climate in the most favorable part,
5 about as severe as the coolest regions of Lower
janada, and becomes insupportably incement as
We advance towards the north.
The country is, in, fact, American Siberia
more severe in climate and almost inaccessible in
kill and industry that, while the crown lands of
England are rather burden than benefit to the
ation, private company should have been able to
,ring something like order and regulation into this
lowing wilderness, to live on terms of peace and
unity with the Indian tribes that nhabit it; to pre-
ent them from destroying or even making war on
ach other, to employ them in the peaceful pursuit
# the chase, and to derive from sources so unprom-
sing revenue of at least f50000 year. If we
re to judge from past experience, Parliaments and
'ecretaries of State may long exercise their in
,enuity these territories before they point
o a result equally satisfactory.
1t seems, however, that are not to rest content
With the fur trade but to open these regions to
higher state of civilization, for which the pursuits
# the chase are only preparatory. As much of the
erritory she peases to occupy is offered to Can
da, but only on condition that Canada shall con-
ect herself with it by roads, shall lay out townships
the vast intervening territory, and place her
elf in position to assume the cares and respons-
'ilities ofgovernment. The Secretary of State for
he Colonies assumes, and we think with very great
that Canada will not accept these terms
Though they embody the very conditions demand