The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-09-25

Now that the allied powers have concluded a
peace with China, there appears to be every proba-
bility that hostilities will be resumed against
Canton The Imperial government has yielded to
every demand Of the outside barbarians," except
that which called for a resident Ambassador to
Pekin. To Russia has been granted slice of ter
ritory on both sides of the Amoor river, extensive
enough to form an European Kingdom. To the
UNITED STATES has been given full jurisdiction over
her own citizens, whether trading with China. or
residing at the Consular ports, together with all
the privileges which are, or NAV be hereafter ey-
tended to the most favored nations. To England
and France an indemnity, amounting in the aggre-
gate to twenty-five millions of dollars, has been
allowed for the trouble they have been put to in
Knocking things about and in bringing the Tartar
Emperor to reason. This indemnity, it seems. is
to be paid out of the customs duties of Canton, and
city is to be held material guarantee until
the debt is liquidated. But the Tartar braves in
the absence of the larger portion of troops and gun
boats to the Northward, have summoned up cour-
age to establish themselves in the new city that has
sprung up outside the walls of Canton, from
whence they nightly annoy with shells and
while there is peace declared with the Empire, the
English Consul at Canton has issued a circular,
proclaiming war against the provincial govern
ment. 1t is q curious state of things, and leads
naturally to the belief that the consent of the
Imperial Commissioners to the demands of the
Western Powers is a mere sham and that when the
allied forces are Withdrawn from the Chinese
waters every imaginable trick and subterfuge will
be resorted to for the purpose of avoiding COM
piance with the terms of the treaties The Lon
don Times evidently inclines to the opinion, that
the Tarrar Emperor will refuse to recognize the
extraordinary concessions that have been wrung
from him, as soon as the gun-boats have quilted
the Peiho river, and ntimates that now diplomacy
has done its work, other men than dpomatists
Will be called upon to perfect and consolidate it.
There is, however, an old saying, that we may
lead horse to water, but that we cannot force him
to drink, and the most difficult kind of resistance
Which any one can have to contend with, is what
is called ''passive resistance" All the ports of
China may be opened to European trade, but if the
people are quietly ordered to have no dealings
Whatever with foreigners, or if the silks and teas
designed for expectation are intercepted on their
way to the seaboard, what action could be taken
III such cases? Now it is expressly stipulated in
the treaties with the allied powers, that the ndem-
MY Is to be paid out of the customs dues at Cam
'oh' ana that the city itself is to be held rs ma
terlal guarantee until the whole amount i maid e.
Out canton, since its occupation by the allies has
oeen almost wholly deserted by the Weather class
vi merchants and so long as the Europeans re-
i,'n III possession of the city it is very doubtful
Whether lhey will return. The characteristic du
phcl'y Oh the Chinese government renders it
almost certain that every possible effort will be
l'''u1 " "'ert the large foreign trade which
i'''' ne,''o'oie oeen carried on at Canton, into
o'her chahneis' so that the duties which are now
maze payable at that port to ENGLAND and France.
may ma their way into the immortal treasury
through those consular pots which ora NOT hold
liable for the indemnity. corro,,ordort of tho
Lonuon ~reS' holding an official station in
chih'' i'',iniS Expresses the opinion that if the
payment Vi 'he indemnity is to be left dependent
on the collection OF the customs at Canton s.not
"only Will the receipts be problcmotcaI hut tbero
twill be constant succession of di,n,,tos ,,
There are very few persons who l,,o,,- o,,,+h;,o.
of Chinese diplomacy, or of the will, croroc,or of
Chinese officials, who will Doubt tho oorroot,o,,
of this conclusion. All our previons ovnorionco
of Chinese treaties, goes to prove tbo 1;tt,o rol;
ance that can be placed upon tbor o,sor,,o,co
and the very magnitude Of the conco,,;o,, ,,oda
recently to the representatives Of to forr po,ror,
will only have the effect of Offering a stronger
temptation either to repudatc them. or n render
them imperative As to the Commercial odror-
tages that will accrue from the creation of +r-o
additional Consular ports on the island of For
nosa and from permission TO pov;,,o+o ,bo
Yang .tse-Kiang, throughout lis whole 1ono,b
we confess that we do not share in tho
of those who mooino that
hat they will be many and ,rcrot;ro
There are very few fabrics that are manufactured
n Europe, or in this country, even with the aid
# machinery, that can be brought into successful
competition with similar commodities produced
" the Chinese themselves. 1t is asserted that low
riced wooen and cotton goods will now find in
nina a ready sale. We doubt it. We know
hat Nankin cottons can be manufactured there
lmost as cheaply, as the ordinary cotton goods
an be made either here or in England. and that
he introduction of the products of foreign looms
Systematically discouraged by the government.
| ;s true that raw cotton is purchased to sono
rtent. and that the demand for some descriptions
caicoes. such as chintzes, long cloths, muslins,
nbrics and colored bandanas, has increased
mewhat of late years; but the whole extent of
e trade is very limited, for the great mass of the
linese population are poor, and their wants are
W and simple. When the Opium war was
ought to a close by the treaty OF 1912, very
oh anticipatons were formed in England, that,
throwing open the northern ports of China
considerable demand would be made for many
ticles of Foreign manufacture previously ex- .
lded, as it was supposed, by the heavy expense