The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-03-27
F o R E I G N

tHiHU-LOFu
Prospect of Peace ,oithom Concessions to the Al
hes-Nr. Reed and the policy Of The United States
as 10 the China War.
WASHINGTON, March q, 1858.
The policy ofthe new British ministry, set forth
in the speech of Lord Derby in Parliament is of
of to the United States, not only it NAV
affect the world, of which a part, but as it
more directly reaches interests. In the first
place, it is to be remarked that the wisdom of the
course OF the United States in holding back from
cooperation in the against China, is made ap-
parent by Lord Derbys exposition of his own in
tentiOns on that subject.
Had we gone into the war, we would probably
have been left to find way out of it best
could, for Lord Derby does not intend to an
other step in it, He was opposed to its inception
Originally; but the grasping hand of Palmerston
was upheld by the British people, and his war pol
icy was sustained by Parliament.
He had formed design to bring all ChristendOm
into a league against China, and had succeeded,
beyond all expectation, at the moment when he lost
the reins of the Government. France was in ac-
| tive corporations and Russia, having failed in ne
gotiatiOn, was ready to resort to war. Lord Der
by speaks of the war as ''unortunate in its origin
| if not in its consequences" Il must say" he
adds, ''as | have always held a similar opinion,
that that war was inadvertently entered upon
He advocates the conclusion of peace with the
least possible delay, and utterly disclams the idea
of territorial acquisition ACKNOWLEDGEMENT of any
kind as the result of the
| The British and French have now secure posses
sion of Canton, and can no doubt hold it. They will
again attempt to negotiate peace upon the basis
of their ultimatum, which Ieh had rejected The
Emperor of China will doubt be informed of
what has occurred, though it Yeh's intention
is supposed, to keep him in ignorance of it. The
Emperor may be willing to conclude peace, but
will he encourage the aggressiOns of outside barba
rians by the concessions which England and France
require.
The prospect is that the English will obtain no
advantages whatever from the war; even be able
to force John Chinaman to pay its expenses. Lord
| Derby will put end to the military operations of
the alliance in China; and Russia, after having been
invited into the alliance, must take of her own
interests. Our own feet has withdrawn to Macao,
and having further employment in the China seas,
portion of it may proceed to Japan.
1t appears from letter from officer of the
Minnesota that, after visit to Japan, our Minis
| ter, Mr.. Reed, will return home, via San Fran
cisco, and Panama, the summer or fall ensuing.
An animated correspondence took place between
Mr. Reed and Lord Egn on the subject OF the in
structions and powers of the former, in which Mr..
Reed had occasion to indicate the course of this
| Government in keeping aloof from the conflict
| That correspondence has probably been received
here, and there is no reason why it should not be
published, without awaiting call by Congress
THE DUrcH AND RUSSIANS IN JAPAN-The Jara
| Courant of the 10Th Of December publishes forty
additional atices to the treaty between Holland
and Japan, of 30th of January, 1885, and which
were entered into the 10th October last These
articles place the commercial relations with Japan
upon much more liberal footing than formerly
Nagasak is declared open to trade from the date of
| the articles and Hakodade ten months after that
| date.
Tonnage dues are to be paid at the rate of eigh y
cents of guilder per ton.
duty of 35 per cent. is to be paid the value
of all goods sold until proper tariff of import and
| export duties is established.
The use of foreign gold and silver money is al
| lowed ..... s..
The value of the silver Spanish or pillar dollar is
fixed at two guiders and half; the silver and Mex
lean dollar at two guiders and ffty-fiv cents of a
| guilder.
The importation of opium into Japan prohib
| tied.
Gold and silver cannot be exported but this does
not extend to articles wrought in these metals.
! Japanese money cannot be exported. .....
The importation of weapons and some other arti-
ces is prohibited
The Dutch are allowed the free exercise of the
Christian religion in their own houses and in the
burial places set apart for them.
The Russians have concluded similar articles with
the Japanese Government. BY one of them, Rus
SLAMS temporarily or permanently resident in Japan
are allowed to bring their wives and families with
| them.
NATIVE PRINCEs.-There still exists in India at
least 220 sovereign princes, raahs, or cheftans, OF
different ranks and power, from the Nizam, VINO Is
the monarch of great kingdom, with a distinct
army of GO, 900 men, down to the petty Mahratta
and Rajpoot chiefs. These princes rule and govern
upwards of 10000 square miles of territory; they
have at least 40 900 of subjects, their independ
| md hon