The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-03-22
THE YANG-TSZE KIANG
TIE I aNU-IoLE MANU-.
The correspondent of the Philadelphia Ledqsr.
under date of Jan. IA, says:

The correspondent of the Philadelphia Ledqsr.
under date of JAM IA, says:
1t seems from the accounts of the officers who ac-
companied Lord EIgin, that the Yang-tsze is truly
grand river, and that the three cities of Han-kow
Hang-yang, and Wu-chang, which are situated at
its junction with the tributary" Ham," were not
over estimated by Glue" whenS he placed their
combined population at five mill has,
however, lowered this number to' near half,
reduced Hang yang to ruins and seriously injured
the trade and general prosperity of the other two
1t seems that, as the expedition approached Naukin
the rebels appeared in great force and that as they
came wltnn range. the forts opened them with
great activity. of course, the fire was returned
Result-the silencing of forts, and onward move
ment of the vessels
The great and old established American bouse of
Russell 4 Co., branch of which is at Shangbe;
have issued circular in regard the probable re-
suits of this expedition, which condenses much in
formation in a few words. 1t reads as follows:
CIRCULAR OF RUSSELL & Co.-"Lord Elgin return
ed from his excursion up the Yang-tsze kiang on
the lst instant The expedition assembled the great
river as far as Wu-chang and Han-kow about $50
miles above Shanghai. These important towns
one provincial capital the other the centre of the
internal trade of this empire and the great market
for imported goods lie opposite each other; and H
! B. NJ ship Furious, drawing over Is feet Of water
anchored between them.
"We have been unable to obtain comnIete ar
count of the expedition but the following appear
to be the chiet conclusions it affords, namely list
lhat while 1t is possible for large vessels to as
cend the river, the navigation is so difficult and
dangerous that merchant ships could not safely at
tempt it, even as far as Chin-kiang; while higher
up the current is too strong for sailing vessels 1t
must therefore be left practically to light draft
like those on the great American rivers 3D.
lhat the people are friendly foreigners and will
eagerly engage in business with them; but those
resident near the banks of the river have laterlv
suffered so much from the rebels (whO have thrice
taken Wucchang, since 1851 that they are not in
| the best condition for commerce. The iunk trada
on the river being, however, almost entirely do
stroyed by the civil war, the field for forepn vpe
seis Is clear and only needs to be opened and pro-
tected, to afford them considerable traffic in Goods
and passengers For the Chinese will undorht
edy prefer here, on the coast and in the Canton
river the swift and secure steamer, to the cmInsv
slow and unsafe junk. Sd. That coal of fair quail
ty, both bltuminouS and anthracite, is obtainable
at Han-kow and elsewhere on the river thouoh not
immediately In large quaint les, or low prices
But the indications seen of large natural deposits
make 1t probable that, in the course Of time steam
ers could be amply supplied. 4th. That the iusur-
gents now occupying Nankin, and various other
| points on the river are degenerate and unlikely
long to maintain their ground against the Imperial
| forces. While they do so, however tbey must in
| terfere with the actual opening of the river 70
trade. 5th. That whatever the river traffic NAV
become, it must tend to increase not to impair the
| Importance OF Shanghai as aseaport and depot. In
short, whenever the Yang tsze is opened the trade
up5n 1t must be similar in character to that upon
the Mississippi, and Shanghai will become to it what
| New Orleans is to that river"
leave the reader to draw his own conclusions
! from the foregoing, without further COMMENT
! Let us now turn from China to .Japan and see bov
commerce is commencing in that slightly known
| region.
We learn in the first place that thirteen vessels
have left China for Nagasaki within the last two
MONTHS and that strong indications exist of>a verv
fair trade sprnging up. One of these vessels tthe
American ship Florence, Capt De Merrick the
frSt modern trading cessct visiting Japan) obtained
at once cargo of ten thousand piculs of vegetable
wax (about 100000 lbs which cost but 81 the
picul, and which sells in Europe at from Sl8 to $50,
Here is clear gain of about Sl20 O00-a very fair
balance for one ship, while hundreds of Others are
lying idle east and west, running their owners and
| at1Ordino food for WORMS -