The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-05-12


hours either on the Mediterranean path to India or
at Boulogne, where the channel between France
and England may be now said to have been bridged
over 9y the great steam navy which has been
| so seuuously increased of late years. SuppOs-
ing tne war takes the latter direction the French
army Is but two marches distant from the great
6ritisn capitalize greatest prize that has ever
fallen into the hands of victorious soldierv In
short war mas become a necessity of the French
| government; the people will no longer endure the
iron silence of despotic reign without some relief
| Dy the drama of war and glory with which thev
nave always been amused, and the army are equally
Wearled with the dead camp life when so many ma
tions around them invite conquest. Let this march
on London be but once effected (the occupation Of
London by French army is identical with the de-
structIon of England) and the face of the world is
changed. America seizes the commerce of the
East; the Mediterranean becomes once more the ba-
SIN OF European trade; England sinks into a Hol-
Iand, and Paris becomes the Imperial Rome of the
w est and of the nineteenth century.
The London Neos of the 26th of April says:
The presence of a French war steamer in the port
OF Cardiff has given rise to some little excitement
amongst the Queens lieges there. The name of
the vessel Is the Pelican, Commander Hannein and
Sne had on board staff of French photographers
The vessel had steamed very slowly up the channel
so that 1t is at once assumed that she was making
survey OF our coast for the French War Marine
Minister, who is uncle of the commander and
that the naked and deenceless state of our Channel
Will be disclosed. 1t is stated that she will 90 down
the other coast on her way back, and the alarmed
Cardlillans complain that there is fortfcation
from Milford Haven to ThOrpness Point, and say
that the government owes it to the commerce of the
country to see to this. OF course the only object
OF the Pelican was to take in Welsh steam coal
The London Times of 2Sth of April speaking of
the English Channel fleet and its organization,
SAYS:
The Ordnance Department at Portsmouth are is
SUING munitions OF war to the line-oEbattle ships
victor Emanuel, 81, Algiers, 81, and Caesar, 81
IN readiness for commission. The Caesar benT
FULLY rlgged is expected to be the first commission
ed to form one of the Channel fleet The Arrogant
a., VIII be swung at harbOr moOrings this day and
tomorrow for the adjustment of her compasses,
preparatory to being reported ready to proceed to
her cruising ground, from Folkestone to Southamp-
ton. 1t is reported that the Hannibal, 81, depot
ship of the steam reserve at Portsmouth, Captain
the Hon. G. F. Hastings C. B., will shortly 90 to
Spithead for short time. At present there is no
man-ofwar at that anchorage
From the London Star Arri72
, IL our readers will look at map of st. Domingo,
they will discover a little island named Navaza,
situate between the southwestern of Hayti and
Jamaica. This island forms part of the dominions
OF the Emperor Sououque, indeed it is only some
thirty miles from Cape Tiburon 1t possesses con-
siderable value, as, like the Chncha Islands off the
coast OF Peru, it is covered with extensive deposits
OF guano several propositions for the expectation of
which have been made to the Haytien government.
Great excitement now prevails in Hayti, in conse-
quence of party of American libusters having esab
llshed themselves on the island without asking the
permission of its rightfu owners. They are now
actively engaged in digging up and exporting the
guano-a business which, if they remain unchecked
they will find too profitable to readily to aban
don. On hearing the facts the Haytien government
Immediately communicated with the American Com
mercial Agent at Port Prince, and requested him
to NAL the Cabinet at Washington acquainted with
what had taken place. Although the United States
hold no diplomatic relations with Hayt (tho latter
belng negro State,) we hope that in case of this
Kind the American Commercial Agent will not hest
tate to transmit to Mr.. Buchanan information which
1t is so desirable for him to possess
Slaveholdng schemes of aggression and conquest,
especially in regard to Cuba and st. Domingo, have
been so openly and unblushingly avowed, that we
own we regard with suspicion every movement
of the Americans in that part of the world. They
have systematically fomented civil war in the re.
publican part of St. Domingo, and within the last
few years they have endeavored to purchase the
island OF Samana, the possession of which would
have greatly promoted their buccaneering designs.
We hope that the occupation of Navaza may be
nothing more serious than an attempt on the
part of number of lawless adventurers to
make its deposits of guano of profit to
themselves Still their presence there cannot be
tolerated unless Hayti is prepared to abandon her
sovereign rights, and to court proximity to danger
We confidently look to Mr.. Buchanan to dscounte
nance these unlawful proceedings of American cit-
Zens, and to require them torespect those principles
OF international law which universal in their
application, and can no more be modified or altered
in the case of black State than in that of Il white
AS yet the Hayten authorities do not appear to
nave adopted any measures of coercion get rid of
their troublesome neighbors. We earnestly hope
that such steps on their part may not be called for;
and that, if necessary, Lord Malmesburys friendly
offices will be forthcoming to bring about salts
factory settlement of the difficulty.
From the London Times City ArticleJ ADrH &c
EFFECTS OF THE FINANCIAL CRISIS IN EJ-
ROPE.
The following interesting statement has been re-
ceived from careful correspondent showing the
results of Isl of the suspensions (ncluding five
large banks) which occurred during the CONNER
cial crisis, with total of liabilities to be met of
f4l ,427 ,5G9 (S207, 1877 Si5) and which the de-
hciency now appears to be about 10 per cent Out
OF htty-two London firms sixteen appear to have
paid or to be about to pay, in full while of the pro
ylncial houses the number that have attained this
conclusion is only nine out of sixty-nine:
ResmtofG Summary Of the Statement Of AFairs Submit
tea dy one hundred and fortySir Mercantile Firms dRd
Ftre Banks, aohch Suspended Payment during the peri
Cd gMe Comnercidt Crisis, fran tie Commencement Of
November, 1857, to the end Of February, 1858.
CLAIMS.
10 consideration claims. f35 l5I qqT
10 capital (pad up) of five baiks......... l4g $50
10 Liabilities clamable ACKNOWLEDGEMENTS. 1725642
10 liabilities, considered good .G1O 412, ,365
Iotal' $40 4l2 365 IL 427 500
ASSETS.
by balance carried down.. 1913
Total. Az, ,569
10 Daiilce dehclency .......... u ,754 300 viz:
81 London firms, deficiency
cIa TQC -an