The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1858-08-28
FROM OUR oWN CORRESPONDENT.
NEW Yons, Thursday night August Is, 1858

The event OF the day the receipt of the telegram
fom Salcntla Bay, announcing the conclusion of peace
between the allied powers aud China, and the concession
by the latter OF all the demands of the former The des
patchwas dated Vacnta Bay August 25 and were it not
for the primitive hours which the teegaphc operators
are Ia tho habit OF keeping in New oundland and Nova
Scotia this mornings papers would have contained the
welcome intelligence and astonished their readers with
eleven days later news from Europe"
IL Is considered happy of the future influences
OF the Atlantic telegraph that the first public despatch
that has been flashed by it, through the depths Of the
ocean, has been message of peace telling of strife and
bloodshcd ended and giving hope that cvization hui
man progress commerce, and industry have been sig
nally promoted AT first when the boys, crying
" extra Herald and Express news by tho Atlantic
peace with China announced the fact in Wall
street, everybody seemed startled and us If they then
for the first time realized the great fact that the Old and
New Worlds brought into instantaneous comnuni.
cation and that mans thoughts were really trans
missiblo by lightning from continent 10 the
other. The croalcrs who have all along pronounced
the "cable humbug," and the billiards who could
not see what advantage it would be To lis TO
get news rapidly from Europe, were efect,ially
silenced and enlightened and tho most obstinate
sceptc and the most obtuse intellect could not but APP
prccato the incacuabe advantages of work by which
news OF such vast commercial Importance that
tanned in the telegram communicated with such
velious rapidy AS the first astonishmcnt wore
off, some people began to find fault that tho despatch
not full enough and that it ought hive contained
the particulars and precise extent Of the concessions
no doubt however that the concessions embrace least
all that tho plcnipotentaries had strict right to ask
and probably good deal Besides the five ports in
China made free to all nations by the treaty of Nankn it
almost certain that several other ports have been opened
to the commerce of the world that tho right has been
conceded for foreign vessels to put into any port in China
for repears If in distress that permission has been
granted for representatives of the powers to reside at
Pekin that the old prohibtve Chinese tariff has been
largely and literally modified that the prohibition to
foreign trade with the interior has been removed and
that leave has been given to foreign consular agents to
reside at various places in Old Cathug The foregoing is
the substance of the demands which the allied powers
made their arrival in China and nothing has occurred
since to warrant the belief that they would be satisfied
with less comprehensive concessions
Whether Great Britain not perfectly
justified in the sharp which she adopted con-
corning the Lorcha Arrow and whether strict justice
the side of Sir John Bowring and Sir Michael Sey
mour, on that of Yeh, governor of the two Kwangs
matters which it is needless to discuss But
hardly regret the Of the dispute since it
has resulted in such important gain to commerce and
humanity by opening to the world the vast of
colossal empire and bringing 400 900 900 souls in con-
tact with modern civilization and enlightenment 1t Is
not possible to form any idea of the extent of that gain
which belongs not to any nation, but to the entire
commercial world,
The treaties which are to be concluded this time will
not be kept in the pantaoos pocket Of fel or Lin,
Taota but will receive the direct ratification of his
Celestial Majesty, Heng flung himself There is every
reason to suppose that their spuations will be strictly
adhered to- and that the establishment of direct dipo
matte intercourse will have the best effect in avoiding flu
ture misunderstanding, and showing the Chinese the folly
OF bad faith. BY the way, the arrival of Chinese
bassadora Mandarin Of the god-button and peacock
feather order will be event in your city this winter
and will prove an interesting addition to the ccrps
dpIomdGqUe Gauer must learn the mysteries of birds
nest soup and frieasseed rats and your codus should
learn the mode Of hair plating most in vogue among
the Pelin handles We in hopes that the aInbassa
doal relative of the stars 1--WE hardly expect see
scion of the imperial family of the and NOON will
visit city and enable municipal authorities to
'giyc him the freedom of the city, allow him to re-
ceive his friends in the governor in the City Hail.
entertain him at the st. Nicholas show him Blackwell
Island and escort him TO Waack's Theatre and to Bar
NUNS 1t would be we'll the cable celebration is
over, il Chinese ambassador reception committee were
appointed whose duty it should be to apply themselves
diligently to study of Conucus and the requirement Of
the necessary information to make blundcrs
whom the Celestial arrives, such offering ham sand
wiches and sherry to the Turkish Pacha.
In addition to the many things which already
nounced to BIO said and done in celebration of the laying
of the Atlantic cable, there is to be T Deum sung
Trinity Church, and special service for the occasion
It is said that MIR. Ogby the assistant minister has
promised that mo effort shall be spared to make 1t the
Tandest church celebration given in the United
States
There has not been ducr day for time In inan
cia and commercial circles than to-day has been There
has been no change in money matters, and no indications
Of speedy Improvement.
Foreign exchange for Saturday steamer opened qui
city at the following rates Bankers sterling 1924 1924
On Paris, 5.l0a OH Hamburg 36s 36a Amster-
dam, A "A adl3 and Bremen, 10 u T9J.
The stock market opened heavily, but before the close
Of the first board an Improvement took place and the
following advance realized compared with the
closing prices yesterday morning: Virginia 6s per
cent La Crosse land grants, B. Chicago and ST. Paul land
grants, & Pacific Mail 4 New York Central, & Erie,
Reading, Ii Milwaukee and Mississippi, 7 Michigan
South pref Cleveland and Toledo, Chicago and
Rock Island /.
The heads of the New York Central and Eric Railroad
Companies had conference to-day, at which it Is be-
eved their differences were amic,bly adjusted
At the second board the advance of the morning was
fully maintained, and in instances further i'm
proycment realized The closing rates were ms fol-
lows Missouri Cs, s4i Pacific Mail ssf Erie 18 a |
III Toledo 34l New York Central, 79i Michigan
Southern Common Stock, "a; Panama, ia Rock |
Island, 72s La Crosse, 4; Glove, Col, and Cin Oh
md Michigan Central, 57a.
The flour market dull and unsettled and prices |
declined Is cents per Dbl Wheat was also inactive
md fell cents per bushe Corn frmer Pork |
was quiet and well held Beef quiet Cotton was
very dull with small sales Sugars were in limited de-
nand at unchanged prices.
The cash transactions for the day at the subreasury
we're follows
Total receipts s68359
Total pay mcnts 2T9653
Total balance . 10 SOL So
The receipts for duties at the customho were $780,
)55 "a. ADSUM