The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-01-15
GREAT BRITAIN,

NEWS-FULL COMMERCIAL ADVICES
GREAT BRITAIN,
The London Times, in leader on the question of
the right of search, thinks the only way out of
the difficulty is declaration that the slave trade is
piracy. This, however, the Americans will not do.
and the French will not do. Thus, therefore, we
go on wasting the precious lives of English sailors
upon the coast of Africa, where one rescued negro
cannot be shown as a set off against ten dead Eng
lishmen, where our impotent force has become a
mOckery, and our blind and useless zeal a lest
The honors which were being paid to the royal
mdshipman at every port entered by the Euryalus
had awakened strong protest from the English
press, and generally expressed desire that he
should be treated as simple midshipman.
The affair o. the steamer Washington, at Ncara-
qua, had given rise to editorials in the English
press.
The Times, after recounting the features of the
case, concludes as follows:
awe NAV remark that this stvle of communica-
tion, in which at every difficulty war is denounced,
reflects no credit on American good sense and can
not even give them any real reputation for courage.
A collision between the armed forces of England
and America would be event fraught with terri
BILE consequences, and perhaps a long and bloody
war would be carried on in the most ferocious spirit
Il
progress of both hemispheres would be the result
A struggle between two such people would bring
into play animosties which would be all the more
bitter for relationship. To be continually talking
OF war is proof that nation has not weighed its
consequences. We who have experience of it and
who, as history proves, do not shrink from it when
1T Is necessary, have learned not to take in vain the
name of ''the God of Battle"
The Daily Nei1s thinks the American Govern
ment had better take especial care of Gen Walker
and his followers the best method of preventing
similar occurrences in future, and suggests that Sir
William Ouseley's presence in the ValarOus ought
to have assured politicians at Washington that
there was no insult or mistake in the case
A fearful catastrophe occurred at the Victoria
theatre, London, on the 9th inst, just before the
termination of an afternoon performance and when
the gallery stairs were crowded with the evening
audience, waiting for admission, false alarm
of fire was raised, and panic set in, during which
the pressure on the gallery stairs such that six
teen boys were crushed and trampled to DEATH
while many more injured. The theatre is
situated in very low neighborhood, and so rapidly
did the excitement abate that the evening perform
ance was proceeded with as usual
The Earl of Carlisle had delivered a strong anti
slavery speech at a meeting at Leeds, on the sub
ject of slavery.
Mr.. Barnum had made his first appearance in
London as lecturer, at st. James Hall. The hall
was crowded to excess, and the newspapers gener-
ally, speak quite iatteringly of Mr.. Barnum essav
His theme ''Monev Making"
The deputation appointed by the meeting in Dub
lin for promoting the mail source between Galway
and New York, had waited on Lord Egenton who
told the depntation that he desired to promote the
project, but there considerable difficulties as
the granting of a subsidy depended upon Parlia-
ment. He would speak favorably to Lord Derby.
The investigation at Cork of the charges against
the arrested members of the Phoenix Club had re-
suited in six prisoners being committed for trial
without bail, and nine admitted to bail to appear at
the assizes. The result of the investigation
deemed satisfactory to the government and gov
ernment official was specially delegated to watch
the proceedings.
The investigation in Belfast was progressing
The counsel for the prisoners protested against the
examination taking place in the common Jail and
withdrew from the case in consequence leaving the
prisoners undefended.
The close of the year had occasioned an extremely
active demand for money for short periods and 81
per cent was occasionally paid for loans on Gov
ernment securities, while in the open discount mar
ket the terms rather above the Banks minimum
The pressure was not likely to last beyond the lst
inst, when numerous payments would be made on
Government account. The funds had been dull
Messrs. Percheline Co., worsted spinners at
Sprague, had stopped with liabilities of fS0,00
and Mr.: P. Hoppe, oil merchant at Antwerp, had
suspended
The ship Kent had reached London from Mel
bourne, with 1890, 900 in gold
LATEST.
LONDON, Saturday.-The quarterly revenue re-
turns published to-day show increase of receipts
for the quarter the same time last quarter of
one million one hundred and twenty-five thousand
four hundred and ninety-six pounds. The year
shows net increase of four millions one hundred
and three thousand three hundred and forty-seven
pounds, which is more than accounted for by the
reduction in income tax.
The Times City Article, dated Friday evening"
congratulates the country the hopeful appea-
of matters at the opening of the year, as con-
trasted with last January, and predicts a calm
money market for the year.
There was more demand for discount at the Bank
on Friday than ON any previous day throughout the
year.
In the Stock Exchange there was a better supply,
and loans were again obtainabe at two and half
per cent.
The funds opened at the depressed quotations of
Thursday, and experienced only temporary i'm
provement The extreme range of consols through
out the year five per cent.
The Daily Ne,os reports the funds very inactive,
but steadier than on Thursday. The extreme huc-
tuation was limited to one-eighth per cent. In
most of the other departments of the stock ex-
change trmness prevailed. In the discount market
unusually brisk demand was experienced, and
on Friday the choicest paper could be negotiated
at the bank minimum, but in the majority of in
stances higher terms were demanded.
FRANCE
The Emperor in renewing his first decision grants
to NJ de Montalembert remission of the sentence
definitivey announced against him by the Court of
Appeals. His Majesty also grants pardon to the
Eonniol, the editor of the Correspondent.
The UOniteur contains despatch dated Shang-
hae, Nov. Sth, announcing that Lord Elgin had
gone up the river Yanglze Kang, with five vessels,
two OF which were gunb0ats.
The London Globes Paris correspondent writes
al able to state very contdt emily that the Court
OF the Tuilleries has within the last two three
days caused Lord Derby's government to be Off
ciaIly informed that in case England should think
fit to take measures to counteract the American
policy indicated in certain parts of President Bu-
chanan's speech, she may rely upon the support of
France to the utmost extent"
NJ. Troplong has been appointed President and
Marshal Defleliers, General Angelsy, and the Duke
of Malakof Vice Presidents of the French Senate
for 1859.
1t is rumored that troubles have broken out among
the kabyles, and General Mcmahon has left Paris
to resume the command of the army in Algeria.
Some few OF the victims of the law of public safe
ty, who were transported by General Espinassee,
will probably be allowed to return to France the
occasion Of the new year.
The correspondent of the Daily Ne,cs thinks it
highly probable that the Paris Conference will be
soon convOked on account of the trouble in Servia.
The chess match between Paul Morphy and Pro-
essor Andersen at Paris, had resulted in the tri-
umph of the American champion. The score at
the close stood as follows Morphy Z; ANDERSEN .:
drawn 2.
PARIS, Dec. 31.-The Moniteur announces that
the Emperor has granted full pardon or commu
tation OF sentence to one hundred and sixty-four
persons who had been convicted at the Sessions or
by the ordinary tribunals, two of whom had been
condemned to death.
The three per cents opened at 73f &C. and closed
at 72f. 90c.
The Peninsular Correspondence says: ''The
news which the electric telegraph has brought con
cernng the message of the President of the United
States has produced great sensation in this CITY.
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