The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-05-08

finances of the country at the verv moment when
such budget is introduced, and when the defcien-
cy, too promises to be more serious next year than
it has proved this present year.
Earl Granville said-I have carefully listened to
the three speeches which have been made this eve
ming. The speech of the noble Earl who opened
the discussion was moderate and philosophical but
1t was certainly equally applicable against the bill
which became law in 1882. There was one argu-
ment which he addressed to the Opposite side of
the House which | can hardly think likely to have
much effect One of the disastrous consequences
which we are told will follow if we lower the fran
chise too much, is that the legislature will have re-
course to protective duties. do not believe that
If we went much lower than is proposed such would
pc the result; but 1T is singular argument to ad
dress to party who have only verv recently been
converted to the doctrines of free-trade. regret
also, the very strong attack made bv the noble Earl
upon the Institutions of America and am afraid
that, ceming from so distinguished member of the
upper House OF this country, it will produce much
Irritation In the minds of the people of the United
States agree in some Of the remarks which he
made, although generally they were much exapge-
rated; but the adoption of such a constitution as
that of the United States is very different from the
moderate extension of the franchise which has been
proposed in this country The noble Earl as an
instance of the curious effects of democratic inst
buttons, referred to the corruption by which rail-
way bills had been promoted in one of the States;
but am afraid our own early legislation in such mat
tiers was not so entirely pure and free from reproach
as to justify in attributing the bribery in Amer
lea solely to the democratic character of the gov
eminent.
Earl Grey-My noble friend who spoke last de-
precated the tone of my address with reference to
the United States of America. trust | said moth
ing against the character of the American people
No one admires the character of the American peo-
pie more than | do. But while we feel at liberty
to crtcse the conduct and character of the poten-
tates of Europe, should think it false delicacv not
to express views as to the institutions of Amer
lea. My noble friend expressed his fears that the
effect of instituting these inquiries will be to lower
this House to the opinion of the country l. for
one, do not feel the least afraid of such a result
our lordships conduct will be judged rightly by
the people. | firmly believe that at this moment
there is among the most intelligent and educated
classes OF this country earnest hope that your
lordships will perform your duty fearessly and
wisely; that upon that rests their main hopes: that
while in the other House of Parliament large
proportion OF the members are, from various cir
cumstances, afraid to act on their real opinions
and while told if that House were to be
poed on this bill it would be rejected by a numer-
GUS majorlty-they feel whilo that language is
held almost openly, that it does become this House
to consider these matters with boldness and with
fairness. Hear, hear
THE INTERNATIONAL PRIZE FIGHT-LETTER FROM
JOHN MoRRIssEY.-To the Editor of the Ne,D York
Herald.-l see by the newspapers, since arrived
from England, that there appears to be some ill
feeling expressed toward me in this country for the
part took in the late fight between Savers and
Heenan. For the opinion entertained of me by the
lighting fraternity l care but little, but do wish
to have myself placed in proper light before the
public, and with that object in view | address you
these lines. In the first place, the part took in
the fight purely business one, not thinking
for moment that it would prove such a national
affair as it did Heenan himself said it was no ma
tlonal affair, and that he did not wish to have it
considered as such. In betting my money on Say
ers and going to Englan to the fight, did no
more than many others did in this CITY, and WHY
l should be singled out for target against which
public opinion should be directed cannot imagine
1t is said that cut the ropes and the chief in
stlgator In breaking up the fight Now, as far as
the cutting of the ropes is concerned, they were
not cut at all. The stakes were merely pulled out
of the ground, and the ropes thrown down. defy
any one who was present at the fight to say that
ever opened my lips to make any disturbance, from
the commencement to the end OF the fight. In fact
spoke to no one during the progress of the light,
but stood quietly by and saw the whole affair with
out making any demonstration whatever In re-
ference to the fight itself, the cause which led to its
breaking up, and the capabilities of the men, pre-
fer not to say anything until Mr.. Heenan and his
friends arrive home. l wish to give them an op-
portunity of replying to any statement NAV here
alter make. have seen it stated in the newspa-
pers that Heenan had authorized Macdonald to
challenge me. Now know nothing of this chal-
lenge except through the newspapers, and have
therefore nothing to say in relation to it. 1t was
rumored that on my arrival at Boston was sub
jected TO threats of violence by some of Heenan's
friends. | assure you there is no foundation for
such report. passed through Boston as quietly
as any other citizen, and arrived in this city on
Friday evening. JOHN MoRR1ssEY.
New York, May G, 1860.
An ADDRESS TO THE SECEDERs. Washington
Star, OF yesterday, says:-After due consultation
an address to the seeding Charleston Convention
from the Democracy of Congress has been pre-
pared, and Is to-day being very generally signed
by them preparatory to its publication. 1t is un-
derstood to set forth the urgent necessity of their
return to the Convention when that re-assembIes
on the 18th of June proximo, at Baltimore. 1t is
further understood to embrace proof sufficient to
satisfy the most skeptcal OF the seceders that on
re assembling, the Convention will adopt as the
platform of the Democratic party the report of the
platform committee Endorsed by the delegations of
the seventeen Democratic States, and that har-
monlus nomination can and will doubtless be made
upon that platform.
The japanese have discovered that a few seconds
previous to an earthquake. the magnet temporari-
~ loses its power, and have ingenously construct
ed a light frame supporting a horseshoe magnet,
beneath which is a cap of bell-metal. To the ar.
mature is attached weight; so that upon the
magnet becoming paralyzed, the weight drops, and
striking the cup, gives the alarm. Every one in
the house then seekn tho open dir for safety