The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1858-05-22
ERoM oua ows dpRsEsroxDENr
Nrw YoaK, THURSDAY mighty May 20, 1876

= .
NEw YoRK, Thursday night May 20, 1858
The high, dgnihea, and patriotic adopted by
our government with regard TO the unusiabe vista
lions OF American merchantmen by armed vessels be
longing 10 the British navy Is universally commended
here, With the exception of those few aboonsts who
make every other consideration secondary TO Niger
worship and who consequently approve the nsolence
OF the British commanders Even the most cautious and
tmid think we ought not To stand ID any longer and
say that General Css has taken the right way to pre-
vent of the outrage and obtain fitting IN
denity and satisfaction for the past When the Fulton
Wabash Dolphin, and Savannah show themselves in the
West Indian waters for the PURPOSE Lord Napier viii
doubtless inform the British naval commander n-ohiei
of preventing further insults To flag and interference
with our commercial marine, have very little doubt
but that the officers who command the little cruisers and
who rejoice at opportunity to exercise IA little brief
authority, will cease their funnng, and allow
ships to pass their way without asking any mpertnent
questions, INDUCING in any further gun rifle prac
tce, do not believe that Lord Malmesbury will for
moment refuse the recamations which Mr. Dallas is in
sructed to make sanction the conduct of the naval
officers the West India station If he and his col
leagues believed that the British navy had right TO
ue itself the police of the and break into every
foreign vessel on pretence of searching for pirates and
savers they will learn from Lord Napier how people
regard the exercise of that right and to what results it
will inevitably lead, il persisted in. had conversation
to-day with EngIishmen, resident here, and they
all condemn the alleged acts of the officers if turn out
that those acts really committed. Some har-spng
ndivduale seek to draw distinction between the right
of visitation and the right Of search confess cannot
see where tho difference exists where the ends
and the other begins. 1t is far safer honorable
and conducive peace, establish and for
that flag is nvioate for any purpose whatever,
and that it constitutes the deck of every vessel
which it waves, sacred in eyes any portion OF
soil Unless the professions of the Derby Cabinet
to their feelings towards this country be strangely at
variance with their acts Mr. Dallas will have diff
calty in obtaining official disayowal of the offensive
conduct of the naval officers indemnity for any loss
tanned and n a0ainst the of the
offence
Every right thinking man is rejoiced that the Spanish
government TO be held responsible for the ouages
committed in the territorial waters OF Spain, and COM
mends General Cass spirited resolution in this regard
In reality, Spain is morally accountable for the whole
difficulty Her subjects alone, of the entire civilized
world continue and derive profit from the slave trade
and Cuba is the only mart where African negroes
brought for sale.
The blackrepublicans will haven't that the repeal of
the fishing bounties sectional measure and another
evidence of the aggressive tendency Of the avepower
They cannot keep niggers tout OF the memorial and
Senator Clay of Alabama, is the object OF the Bit
terest oburgatons, because, in common with nine
tenths of the community he does not think that the
New England cod fisheries ought any longer to be pro-
tected by government bounties AS the Journal of Com
remarks - Excuse from mixing with the fish
question that everlasting topic which of
tempomries vouble-the rights and condition of
the negro population. Give us that plain If we must
have ii at all but from making it consttu-
ent part Of our chowder.'
The application Congress for authority to contract
loan of ,O0O,0 900 is very popular here and II the
authority is granted, is generally hoped and expected
the will receive proposals to ten times that
amount on exceedingly favorable terms. There could
not be favorable time for the United States to
borrow money. Capitalists here and everywhere do not
know how to invest their money safely and they
willing to risk il in speculation prefeng loss of inter
est possible loss of interest and principal Foreign
capitalists will be active competitors for the loan.
There a active money market to-day. Paper
having upwardS of 80 DAYS difficult
goation than it was not from any increase in the sup
ply Offering but from evident Discrimination on the
part of money holders to put their money beyond their
reach for any length of time except securities which
are equivalent to gold Money call is superintendent
at former low rates. Foreign exchange is nominalIy
firm at 1898 1899 for bankers bills on London, and
1854 1924 for commercial signatures On Paris the
rates l6i l3a on Hamburg, 36s 81 and on
Amsterdam, Ala AZ Treasury notes unchanged.
The stock market very heavy this morning at lower
prices for the speculative railway shares and firm for the
choicest sale stocks and railway bonds At the second
board prices sustained further Decline and the market
closed heavily at the following rates for the leading fan
cies Pacific NJ. s. s., 10Y, decline of compared
with Yesterdays closing price N. Y Central, s6a,
decline of IL Erie, 233, decline of I Hudson Xiv,
800, decline of NIL and Miss, 80, decline of
Reading, 46, decline of { and Chicago and Rock
Island, III a decline of II. ~ w
| The -four market was lower and inanimate. Wheat in
moderate demand for export and unchanged Corn bet
ter and scarce Provisions steady and unchanged Cot
ton active and at steady prices Sugar firm The tolls
received the canals from the opening april 2s up
the end of the second week in May, follows:
week April. 500 a44 SO
LIST week in May ..,,,...,........ ~ gl2 %
| Total receipts in II DAYS . ... 1877 o42 o.
The cash transactions at the treasury to day were
J as follows
Payments (incuding 100000 Norfolk 2se oea e5