New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-10-10

An hp - q
mical aud less rhetorical view Of things now
that MIR. T. Wilson has got his appointment of
Chancellor of the Exchequer for India. The
Eoouo,o,a brings two articles on the subject, the
one pobtic,I. the other economical; the firtt one
winding I'D with the following sentences:
Now all these things coz 'ldered 1t IL obvious that
the article of The ATTY which our bssssdor
right of visiting or residing a. Pekn, was one literally
(oYcea upon tie Chinese Government and If il were
thought sbsolutey essential to cur interests that it
should be observed we think there was much room
for the display Of consideration and patience IN exact
ing its fufrmsnt. No doub, il may be SAID thet With
such Government as the Chinese, delay and pa
ence Interpreted signs Of fatal weakness, and
the refore The moot unsOuId policy we could pursue.
Bot how far entitled, on this plea. to vary the
principles on which should assurediy act toward
any civilized nation in our treatment OF tneie Oriental
Governments! When we have wrung oot an unwei-
come concession from their feere, Insy be perhaps
the most consistent policy 10 wiring out, also from their
fears the inme date execution OF the bargain In the
way most convenient 10 Ourselves. Bnt II We ial Ia
60 git, 10 the mean time tue Clnese overcome
their fears, ard Insist with suitable display OF ioice
Oh our consulting them az to the mode to be taken for
giving our treaty efect-csn we justly accuse them OF
trescbeY Are they not rather practising upon o.
our own methods OF percussion The Chinese Gov
eminent msy-snd 1t is very likely that IL lie 60
have intended 10 entrsp US into this murderous
spare, and never have purposed 70 execute the
treaty at al, IL this should prove TO be 80, we
must ard ought to exact repsrs.ion. Bat It may aso
agsns the recurrence OF such violent entry as was
made good By Lord Eign in the previous year was no.
accom- panied by any desire 10 break faith on The general
articles Of the tres'y. As the hostile initiative came
entirely from our eide and il YVES, of course, at sny
moment competent to our commanders % retire from
the numerous fire. opened only for the defense OF the
forts cannot certainly prove any Intention Of break
ing faith on the part Of China. Aud, till proof of de-
hberae intention 10 break the treaty reaches us-we
thick we have reason 10 Suspend our Judgment,
ard ponder whether We may not have been applying
to our Cf bsIbsrsns cOoe Of principles not
very widely different from that which they have prac-
tced tow ard onrselves"
In second article on the same subject, the
Economist dwelis On the Importance direct and ID
direct OF the English trade to China. In the yesr
1e5S, the British exports to China had risen to
G2,s76 COO, while the value OF the British i'm
ports from Chi had averaged upward OF 50 100000
Tor each of the last three years. so that the sggre
gate direct trade Of England with China may be
put down at about Gl2, 100000. But beside these
direct transactions there are three other important
trades with which, less or more, England Ii lott
mately connected in the circle of exchanges,
the trade between India and China the trade
between China and Australia, and the trade be-
tween China and the United States. "Australia,
ssys the Economist, takes from Chins large guam
"tities of tea annually, and has nothing to give in
Exchange which finds a market IN China. Amer
" lea also takes large quantities of tea and some
" silk of value far exceeding that OF their
"direct exports TO China" Both these balances
in favor of China have to be made good by England,
WHO is paid for this equalization of exchanges by
the gold Of Australia and the cotton OF the United
States. England, therefore, independent OF the
balance due by herself to China, has also to pay to
that country large sums in respect to gold imported
from Australia and cotton from America. Now
this balance due TO China by England, Australia,
and the United States is to great extent trans
ferIed from China TO India, IS setOh against the
amount due by China to India, on account OF
OPIUM and cotton. Be il remarked, en- PEASANT, that
the imports from China to India have never yet
reached the amount of & OO0, 600 sterling, while
the exports TO China from India realize tho
sum of nearly fl0C00,OOO. The inference The
Economist draws from these ecOn0mlcsl Observa-
tons ls that any serious interruption OF the British
trade with China would "be calamity OF greater
magnitude than the mere figures OF exports and
imports might at first sight suggest, and that the
embarrassment consequent upon tuch dlstur oance
would not be felt III the direct British tea and SIX
trade only, but must also I" Affect" the British
transactions with Australia and tho intsd States
The Economist IL, OF course aware oil the fact that
during the last Chinese war; the trade was not 80
much interfeIed with by the war as had been appre
bended and that, at the port of ShsDghse, it was
even not affected at ALL But then, The Economist
calls attention upon two novel features in the
"present dispute" which might essentially modify
the effects of a new Chinese war upon trade-these
two novel features beng the "Imperial not
"locsl" character of the present conflict, and the
signal success " which, for the first time, the
Chinese have effected against European forces.
How very different sounds this language
from the war cry The Economist SO Justify
shouted at the time Of the Lorcha affair.
The Ministerial Council, as l anticipated in my
last letter, witnessed Mr.. Miner GibsOn's protest
against the war, and his menace OF seeding from
the Cabinet, should Palmerst0n act up to the
foregone conclusions betrayed in the columns Ofthe
French Monittur. For the moment PalmerstOn
prevented any rupture of the Cabinet, and the
Liberal Coalition by the statement that the force in
dispepsable for the protection of British trade
should be gathered in the Chinese waters, while
before the arrival of more explicit reports on the
part Of the British Envoy, no resolution should be
| taken as to the war question. Thus the burning
| question was put off, PalmerstOns real intention,
however, transpires through the!columns of his
mob, organ, The Daily Telegraph, which in one Of
| lis recent numbers says:
"Sheud any event lead to vote unf6vOrabe 10 the
Government, in the course of next year. an appeal
will certainly be made TO the constituencies.
The House of Commons will test the result Of their &C
tvty by verdict the Chinese question, seeipg that
TO the professional mabgnans HEADED by Mr.. Disfse
must be added the Cosmoitaps, VINO declare that the
Mongols we've thoroughly in the right"
The fix in which the Tories are hemmed up by
having allowed themselves to become inyeigled into
the responsible editorship of events planned by
Palmerston ard enacted by two of his agents, Lord
Elein and MIR. Bruce, (LOrd Elgin's brOther,) /
shall, perhaps find another occasion ofremsrkng
upon.
Correspondence Of TIE ~ Y. Tribune.
FRANKFORT. ON.THE MAIN, Sept. 90, 1859.
Deutschland. die ffcmme Kinders.ube
LIST kerc iomische HUrdergrube.'
These rhymes of Heine ought to have been
-. Al l. l..