The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-01-07
ADDITIONAL BY NORTH AMERICAN
THE LONDON PRESS ON THE
PRESIDENTS MESSAGE.

HALIFAX, JAN 5.-The following additional syn
opsis of European news is made up from the papers
received by the North American:
GREAT BRITAIN.
President Buchanan's message printed in
full in most of the leading English journals, and
yarioqs J commented upon The Times says there
is nothing in the message that be called more
than usually interesting. Whether the Chief Ma
gistrate Of the United States discusses domestic or
foreign affairs, we hear only what might have
expected. At home material progress, and abroad
visions of territorial ACKNOWLEDGMENT make up the
substance of his communication. 1t then briefly
criticises its prominent points, and says in regard
to external affairs:
"For peaceful nation the United States arc
certainly most unfortunate in their political rela-
tions. quarrel with the United States on some
subject or other is matter of course; without one
Presidents message would read tame and meagre.
Mr.. Buchanan, therefore, evinces laudable anx-
iety to keep one in reserve. Great Britain having
given up the right of search, Mr. Buchanan pays
US many compliments upon moderation, but
declines to suggest any means by which Spanish
South American ships hosting the United States
flag can be interfered with"
1t then refers to Mr.. Buchanan's reference to the
slave trade, and his original proposition for its sup
preston, and saws that his arguments in regard to
the cesson of Cuba are such Haman might have
used when he wanted to purchase the vineyard
which nigh to his palace, and that it would be
superhuoust to point out the exquisite force of the
gument. The Times then sketches the Presidents
views in regard to Mexico and Central America
and concludes as follows: at is evident that the
utter decrepitude of the Spanish race both North
and South of the Isthmus is about to lead to the
virtual supremacy of the Anglo Americans in the
whole of the tropical regions.
"TherG is need of affected moderation and
philanthropy on their part which few will credit
The fact is plain enough that Mexico and Central
America and the great Spanish Island will soon be
under their sway, direct or indirect. For our own
part see little to regret in the prospect except
the extension and perpetuaon of slavery in Mexico
or1t 9TH IL. Al.
leans might gain in the end by forming States I'm
der the Equator do not believe. The European
race becomes not only enfeebled but demoraized by
a residence between the tropics and the Republic
has already suffered enough from the men of the
South to make it cautious how it turns the Spanish
Main into the home of American citizens"
Inc Dd,hy Ne'os reviews the message in connec-
ton with Mr.. Buchanans recent letter to the Com
mittee of Celebration at Pittsburg. 1t argues that
the Presidents policy in regard to Cuba and Mex
leo is intended a Cancellation to the South, and
predicts that nothing will be done at present to-
wards the annexation of Mexico Ittakes execution
to the view taken of Englands supposed concession
about the searching of suspected slavers, and con-
cludes by hoping that the people will accept the
admontions in the Fittsburg letter. not by holding
their tongues about particular form of danger
but by dealing with the causes of dsunon and cor
rupton, and by recovering the principles and spirit
OF their Constitution, rather than by false idoatory
! of its FORM
| The Morning Post confines its remarks to the
Presidents policy in regard to Cuba and denounces
| it in strong terms.
The Star refers to the Central American question,
deprecates the Presidents request to be allowed
employ force in the protection of the transit route
and doubts whether the European powers would
quietly permit the exercise of exclusive pro tee
| torate by America the Isthmus.
The rest of the London papers comment on the
document with mixture of satisfaction and dis
satisfaction.
The Manchester Guardian in Directing to the pro-
position that the President should be armed with
power to use force in the protection of the Isthmus
| says: "That between the expeditions OF Walker
and his hbusters and the proposed invasion of the
regular forces of the United States, there is not
pin to choose so far the independence of Ncara-
qua is concerned" The same journal likewise cHn-
dennis the etfrontery of the President in regard 10
| Mexico.
The Liverpool Albion characterizes the message
as dishonest in tone, and filled with braggadocio
and hllibustering spirit.
The Times, in an article on submarine teleprapbs
says that since the laying the cable at least eight
or ten fresh plans have been put FORTH and draws
special attention to the 'Great Ocean Telegraph
Company, which proposes to submerge cable
1t is proposed that the cable shall be constructed
on Aliens system, which does away entirely with
the outside covering of wire and makes the con-
ductor of the cable It's main strength, thereby re-
ducing its weight to ten cwt. per mile.
The excitement in Ireland to the arrest of the
members of the Phoenix Club is dying out. Two
or three additional arrests have been made but
nothing of moment had TRANSFERRED.
club is said to have been established in Kerry,
by person engaged in the Smith O'Brien affair of
lS4S.
The London Times in its city article remarking
upon Mexico, says that one entertains the small
est doubt but that the American claims on Mexico
will be obtained to the last dollar, and asks why
should not equal reliance be felt by European credi-
tors 1t says that the foreign debt of Mexico is
ten millions of which probably more than three
iourths ia held in England. If the United States
are to seize material guarantee, what it asks is to
be done by England, whose wrongs and demands
are of so much greater magnitude?
THE VERY LATEST
| LONDON, Wednesday Morning--The DaiIy Ne,es CITY
article dated Tuesday evening says the funds to-day
were heavy and closed at reduction of one-eighth
! per cent. The approach of the holiday season and
the threatened introduction of large mass of new
| securities of various classes have an unfavorabe
| effect on the market. In the other departments of
the exchange general inactivity prevailed but only
! IN lew instances any reduction of prices
established. An active demand for money still ex-
perlenced and good business continues to be done
at the Bank. f253,000 in gold ex-Africa was sent
into Bank to-day. fl57, 700 Australian gold by the
Niagara was purchased to-day for the Continent
mere was no general alteration in the foreign
| changes this afternoon.
| The Times city article of Tuesday evening saws
| the English funds remain without the slightest
symptom OF revival, and in every description of
curlty there Is inactivity and heavness There was
| again a less demand for money in the discount
| market to-day. Some transactions took place at
~ per cent. the general minimum being 2E to %.
| At the Bank of England, however, applications
| were numerous.
| The Times explains that NJ. de Montalembert,
having prosecuted his appeal to an ISSUE the result
| has been that the original sentence has been in
! great part confirmed, although tae penalty has
been somewhat mitigated. The actual decision is,
that he stands acquitted of the charges of attacking
the principle of universal suffrage and the constitu-
tional rights of the Emperor. In consequence of
this modification of the original sentence his term
ofimprisonment has been reduced from six to three
months, but the fine of three thousand francs has
| been maintained
PRussIA.-The Bank of Leipsc has reduced the
rate of discount from six to five per cent
! SPAIN.-An animated debate had taken place in
the Senate touching the dispute with Mexico, the
incentive being amendment to the address to the
| throne, offered by General Prim, condemnng the
| course of the government. The amendment was
| ultimately rejected almost unanimously after sun
| dry explanations had been given by the Minister'S
lTALY;-lt is stated that the King of Naples
| was likely soon to grant the amnesty which has
been so strongly insisted on by England and
| France.
Observation-Disclosures of a contemplated new loan
had gained strength, and it expected to be for
large amount.
RussIA.-The introduction of a new Russian loan
on the London Stock Exchange, at no very distant
| period, is considered almost certain and the i'm
preston was that it would probably amount to
| eight millions sterling.
AgsrRALIA.-Th Cunard steamship Niagara ar
rived at Southampton the 18th of December
from Alexandria, with the Australian mails ALREADY
teiegraphed(, and sl37,722 in specie.
lNDA-The Bombay mail of November 25tb
reached England the 18th of December The
letters and papers detail length the operations OF
the military, but there is nothing of striking m-
portance additional to the news already tele.
| graphed
Tanta Topee and his followers were making to-
wards Guzerat, where it was feared they might dc
; much mischief