The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-07-23
.. FOREIGN.
BY THE STEAMERS NORTH STAR
AND KANGAROO.
F o R E IG N
THE ATLANTIC TELEGRAPH CABLE.


than a week of weary and dreary watching on Bray
READ and on the various other prominent points o
lle lsianu, the sad but not wholly disheartening
news news mas reached US that there has been another
failure In the grand project of uniting this coast b,
the magnetic wires with the coast of Newfoundland
some OF the directors impatient or called away by
business; TOOK their departure in the latter part
last week; Others, with the Jealous and energetic
secretary OF the Company, Mr.. Saward and the nc
less Jealous and clever chief electrician Mr. White
house remained to the last, still hoping that in the
absence OF pad news, good tidings might at length
turn up. All hope for the present was however
dlspeiled to-day. The wires from Queenstown
flashed to us the unwelcome intelligence that the
Niagara and Gordon had arrived at that port an
IN, noGHelg tnat tne Agamemnon had parted the cable
on " ednesday, 3Oth June, and that about two hun
dred and fifty miles had been paid out. The suad-
ron were one thousand miles from Valentia
Inc following explanation has been forwarded
from Queenstown to the directors in London by
Cyrus w. Field:
"The accident is plainly attributable to the bad
weather which prevailed in the Atlantic about the
time fixed for making the splice; indeed, during
the latter part of last week the opinion was very
generally expressed here, by nautical officers and
others competent to form Judgment that such re-
suit might be anticipated.
"Ihough there has been another failure, so far
the hopes of all here still high that success must
be ultimately attained. There is at present, even
with the large loss, such surplusage of cable as
VIII warrant the renewal of the expedition without
any further delay than that involved in getting in
Il
to false calculation made in respect of this supply
at the beginning, is due in great measure the ne
cessity OF the return Hf the Niagara and Gorgon to
queenstown, as the original arrangements were
that even should breakage occur when five hun
dred miles had been paid out, the vessels should
come together again for new splice
''Ihe directors, with Mr. Saward, Mr.. White
house, and others interested in the COMPANY pro-
ceeded at to Cork there to consult and decide
on the course to be adopted in order to make the
delay IN resumption of the undertaking short as
possible
81 presume my preliminary sketches, forwarded
by regular post, have reached you ere this. The
news now sent, will, in great measure, supersede
these in interest; but, nevertheless, you may find
corner for them on some open day-that is if,
with the increasing demands upon your advertise
ment space, you can calculate upon any such thing
as an open day."
THE LONDON TIMES IN FAVOR OF OUR
HAVING CUBA.
The London Times of July 7th, concludes an
article about Spain and the Slave trade as follows
Lord Malmesbury has been protesting in terms
forcibe indeed, but yet warranted by the disgrace
tul facts, against the manner in which Spain has
violated her most solemn obligations as to the i'm
portatiOn of slaves into Cuba. Upon this Spanish
pride has taken fire. Spain is not proud enough to
do no wrong, but quite proud enough to take Of
fence at the imputatiOn of it. Every one who has
looked into the question of the Slave trade at all,
knows well that for the last twenty wears and
more, Cuba, under the protection of the Spanish
flag, has been the mainstav and prop of the system
There has been no direct Importation of slaves into
the United States during that time. In the Brazs
the traffic has virtually ceased.
In Cuba alone it is carried out in full vigor.-
There was but one chance of dealing successfully
with the traffic, and that that the local Gov
ernment should interfere to suppress it.. All our
exertiOns at could have little effect beyond
ming up the rate of the insurance. Now, every eff
fort that has been made to procure orders to this
eilect-real, not nominal orders-has proved fruit
less The time has arrived when called
upon to review our policy in this matter. We will
not follow the example of the idle braggarts at
Madrid and prattle about visionary invasions-
Why, even if had the WILL should we be at the
trouble of applying direct pressure to Spain? Thus
much is clear-that if Lord Malmesburv were this
day to give Mr. Dallas the taintest hint that Eng
land would stand neutral in the matter, Cuba in
three months time would be State of the North
American Union.
Let us look this question boldly in the face What
interest has England in the integrity of the colonial
dOminiOns of Spain? What is it to us if Cuba be
tomorrow an American in the place of Spanish
possession? Our only interest in the question for
a long time past has been a moral, not a material
one. Nay, our material interests have been in direct
opposition to that line of policy which have pur
sued on the ground of humanity. Cuba in the hands
of American citizens would be much more pro-
ductive market than at present Our manufactur-
and merchants could buy and sell more with
American than with Spanish Cuba.
If it is to remain slave-mporting country we
ndu as ueI, nay ratner, that 1t should pass into
American hands. Patience and forbearance have
been tried out and the time has fairly arrived when
we may consider if we should not be playing our
own game more wisely by standing still while the
Cabinet at Washington carried out the long cher
ished designs of the American people upon the
island of Cuba. 1t not impossible that the States
would be willing to come to an understanding with
us, that if Cuba passed quietly into their possession
our wishes with regard to the further importation
of slaves into the island would not be dsregarded.
What is Spain to us that should interfere fur
ther to protect her colonial possessions? The only
arguments which we disposed to consider, af-
ter the treatment we have met with from success
sive Cabinets at Madrid, are those which apply to
our own interest and wellbeng. Looking at the
question from this point of view two arguments
might be urged, there is probably great weight
in either. 1t might be said, in the first place. that
it would be shortsighted policy in us to stimulate
the progress of the United States in wealth and
power, for the time may come when they may
prove formidable antagonists to ourselves. This is
but paltry policy, after all; for, whatever we
may do, the vast Confederation on the other side
of the Atlantic will go increasing in strength
and in extent of dominion.
We do not look grudgingly on this progress;
on the contrary, it is the best thing that can
be wished for this country, that the States
should be a prosperous and growing Power. If
the statesmen who guide the destinies of the Con-
federation have but the forbearance to abstain from
violating public law, and the eanons OF public
morality, God speed their work! But to us, in any
case, what can it signify whether they conquer
province from the Desert, or from the Gulf of Mex
leo? As long we retain our naval power they
will not interfere with us; and that once gone, the
presence or absence of Cuba in the scale would sig
nifv but little indeed. 1t might be said in the
ond place, that it would be unwise for to stand
still, as lockers on, while Spain was weakened by
the loss of her colonial possessions, from consdera
tiOns of European policy.
The Pyrenees are not higher than they were in
the davs of Louis XIV, and of Napoleon Bonaparte.
Here, again, the argument does not appear to have
any considerable weight. Spain derives no sub
stantial strength from her colonies which would
help her to resist an invader; and, if she did, what
is that to us? We know the sacrifices made for
the preservation of the Spanish Monarchy in the
first years of the present century, and what has
been our reward What advantage to the extent
of one shilling, or of the fanest element of power,
have we derived from the Spanish alliance? We
point to long list of unsatisfed claims, of un-
paid debt, of obligations dsregarded and of violat
ed faith: but of help when we needed help, or of
common gratitude for services of the most vital
Importance, there has not been one little. Let us
at length consider this question on its own merits.
Is it possible that with reference to English views
and feelings, Cuba could be in worse hands than it
is at present?
THE GUAN0 TRADE.
On the 9TH inst, the subject of the Peruvian Qua
no Trade was introduced into the House of Com
mons, when Mr.. Card said
For some time the Peruvian Government had
charged the English farmers for that article E2 per
ton more than the Americans. He understood that
since he had given notice of his intention to ask
this question, the price had been reduced FL per
ton; and he now wished to know whether Her
Maiesty's Government would use their friendly of
fees with the Government of Peru to obtain fur
ther reduction of the price.
Mr.. S. Fitzgerald replied that he had that day
received communication from the agent of the
Peruvian Government, stating that the price of
guano was to be reduced from fl3 l5s to f12 ton
hear, hear, a reduction which would save the ag-
interest of the country f400,0 year,
for the article in England and in America.
A correspondent of the Daily Ne,os, commenting
on this announcement, remarks:
The Peruvian Government have been over
charging our farmers from 34s. to 40s. per ton, |
which could not have occurred if there was no mo-
nopoly, but which, on the other hand is a good |