The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-08-03
ARRIVAL OF THE VANDERBILT.
FOUR DAYS LATER FROM EUROPE.

morning, with nearly 300 passengers She reports
very favorable weather for laying the cable.
She passed the steamship Ariel on the morning OF
her sailing
The United States Frigate Niagara was off Cape
Clear on the 18th, and the British steamer Aga
memnon off kinsale on the same day.
Interesting debates occurred IN Parliament on the
subject of the massacre at Jeddah.
Lord Stratford de Radcliffe, late Ambassador to
the Porte, advocated energetic measures, and de-
manded full PREPARATION.
Debates had taken place on the India bill, Jews
bill, Hudson Bay Company and the New Caledonia
bill.
The first interview between the sovereigns of
England and France at Cherbourg, to take
place on August 5th.
The Turkish Government sent a general off
Ger to Jeddah, entrusted with powers Of life and
death.
France, in concert with England, is taking meas
ures against Jeddah.
The Dutch Trading Company are raising loan
of five millions of orns, to increase the company's
| transactions in cotton.
The following is the result of the subscription
opened by the Bank of France for loans to the va
rious railway companies in tho shape of bonds Job
h9dtt0ns)- The Bank offered 81 600 bonds for sub
scription, representing of 10 900, 000f There
were offers made for nearly 200, 900 bonds, repre-
sentng about 100000, 000f., being more than three
times the amount required.
The electric wire for the telegraph from Constan-
tinope to Bassora has arrived in two English ships.
The section of the great Western Railway from
Caen to Cherbourg was approved by the Imperial
engineers In presence OF the directors OF the COM
pany on the 10Th. The official Inauguration is to
take place the 4th of August, the occasion of
the Emperor S visit.
The manufacturers of Lyons having received
some foreign orders, purchasing raw silk The
quotations are from 50. to 60f the kilogramme for
good, and from 40f. to 50f. for ordinary quality
1t is now ascertained that the crop in France is
satisfactory, and much better than that of last year,
though not so good as supposed to be month
| since. The accounts from the north are favorable
particularly as to the quality of the Seed and there
is still large proportion of last years crop in
store.
A letter from the frontiers of Bosnia, dated the
18th instant, informs that within the last few
| days 5000 Christian Bosnian peasants had sought
refuge on the Austrian territory, in consequence of
! the excuses committed by the Turkish soldiers
The Christians, who had been disarmed by Omar
Pasha, had resisted with scyhes and other agricul-
tura implements, but were defeated by the Turks
| on the Sth inst.
The last accounts of the epidemic at Bengazi
maintain that it is not plague, only malignant
kind of typhus fever. 1t seems not to have spread
| anywhere else. Only single case is reported to
have occurred in Alexandria,
THE HUDSON'S BAY COMPANY'S PRIvILE-
In the British House of Commons on the Dist ult.,
Mr.. Roebuck moved the following resolutions:
'That the privileges of the Hudsons Bay Com
pany, about to expire, ought not to be renewed;
that the legal validity of the exclusive rights
claimed by the Hudson's Bay Company under their
charter, ought at once to be determined by process
of law; and that so much of the territory hitherto
| held by the Hudson's Bay Company as may be need
ed for the purpose of colonization ought without
delay to be resumed by the Government of this
| country. He observed that the present state of
North American continent was matter of very
great Importance to this country and he urged the
policy OF extending to the utmost colonization in
| the British territories that continent. He
! brought no charge against the Hudsons Bay Com
| pany; they had only done what their interest as
Company dictated; but, being fur company, they
were opposed to colonization, which would accel-
crate the destruction of the fur bearing animals.
He called upon the Government to ascertain the le-
gal rights of the HudsOn's Bay Company, and,
whatever those rights may be, they must, he said,
be taken away, granting the Company compensa-
ton and colonies be planted from the western shore
Of Lake Sperior to the Rocky Mountains and the
Pacific Ocean, spreading the civilization of Eng
land, which he pronounces the greatest country in
| the world.
The motion was seconded by Lord Bury, who
gave clear and interesting description of the vast
territory claimed by the Hudson's Bay Company,
part of which consisted, he said, of fine prairie
land, beautifully watered and very fertile admira-
bly, suited for colonization After a copious and
minute investigation of the history of the Company
he reduced their claims to a license of exclusive
traffic, which would expire next year, and the mo-
nopoly of trade Rupert's Land under their
charter to which he suggested legal objections.
MIR. Gladstone, after bearing testimony to the
| soundness of Roebucks views. and to the mastery
| of the subject displayed by Lord Bury, observed
that of three resolutions, the second was by far the
most important. 1t was beyond all question: in his
| opinion, that large part of the territory of the
| Hudsons Bay Company was adapted for coonization
and that the Company We're by their very character
inmica to it. Their charter gave them the priyi-
lege of the exclusive trade only with the Indians
whereas they exclude all parties from carving on
any trade; and it was question whether according
of the true Interpretation of the charter the lands
intended to be given them were the shores of the
| bay and of the lake and rivers of the immediate
| neighbor hood of the bay The Company however
ought not to be harshly or severely death with If
they were entitled to rights, the Company could not
be deprived ofthem without full and ample compen-
saton; but it might appear that althoug not valid
IN law, IN point of equity there grounds for a
liberal entertainment of their claims. He felt at
the same time that the British public had rights in
the matter; but, upon the whole he sugoested
whether it would not be better to leave the question
now. in the hands of Her Majestys Government
Mr. Labouchere observed that the question upon
which the policy of the Government should turn
was alter all those parts ofthe territory adapted for
colonization had been given up what should be the
course pursued with regard to those immense tracts
which were totally unfit for colonization, but where
1t was OF the utmost Importance to maintain law
and order. The question of a very pecu-
liar character. He agreed that it was desirable
that the rights of the Company should be ascertain
ed; that the charter should be done away WITH and
license substituted but he protested against vast
tracts of country being thrown open indscrimnate-
y to all corners without provisions to preserve or
der there. Upon the whole, he concurred with Mr.
Gladstone, that would be better to leave this mat
ter to the Government.
Sir E. B. Lytton stated his general views of the
question. He admitted that it was an important
object to extend civilization in the territory in ques
ton, and that parts of it were of the character de-
scribed by Lord Bury; but the other hand, large
portions of the region civilized could in
habit. He then proceeded to explain in detail the
intentions of the Government the expiration of
the Companys license, and the difficulties which
surrounded the general question of their rights I'M
der the charter. All he could say was, that the
whole subject should be submitted to the careful
consideration of the law officers of the present Gov
eminent; and he was bound to say that the Com
pany were far from showing themselves stubborn or
lmpractcabe, and the next session he hoped to lay
before Parliament scheme that would meet its aI-
probation. Meanwhile it was not in tended to re
the Company license of exclusive trade over
those parts of the territory which were adapted for
colonization.
Lord J. Russell observed that one part of this
question was apparently easy; bat the rights of the
Hudson's Bay Company presented an insuperable |
difficulty, and until it was decided what those |
rights were, there no dealing satisfactorily |
with the question. Some legal autherity-the
Prlvy Council or a court of law-must determine |
this point in the first instance.
Mr.. Lowe said if it were desired to take away |
from the Hudson's Bay Company any part of their |
land for the purpose of colonization, the Company
would not stand much in the way. As CONNER |
cial body alone they entitled to fair and rea-
sonable compensation. He should, however, be |
sorry to see the course adopted of submitting the
question of the validity of their charter which had
peen SO long virtually recognized, 10 the decision OF
court of law. He insisted upon the obstacles to
the establishment and government by this country |
of colony in territory like the Red River, al
most inaccessible except through the United States,
and which it would be difficult to defend.
Mr.. GiIpin inveighed in strong terms against the
rule and policy Of the Hudso2s Bay Company,
reading accounts of the unjust and cruel dealings of
their servants with the Indians.
Mr. Kinnaird took different view of the conduct
of the Company. The evidence before the COM
mittee of last year, he said negatived the conclu-
sions of Mr.. Gilpin
The discussion was continued by Mr.. c. Fitz-
william, Mr.. Wyld, and Mr. J. Fitzgerald, and,
after short reply, Mr. Roebuck withdrew his