The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-20


announced sun they must admit decided al vance
nad been made In the path OF free trade 1t was cues
n1 o. VINE with the goVornment OF France how far the
principle might be extended 90 as oae day more e,slv
u be pat upon par With the principle Se Advocated ia
England The chairman had stated that our present pros
perry was many OWING to the rapid increase IN the ex
o, OF manufactured g1ods 10 ladian possssonsan
increase which had surpassed all the antcpaions which
the most experienced among them might have for ued
There were Causes alleged cr that increase which opAt
TO lead us lot TO anticipate that it would be maintained
for some time 10 come The extensive outlay OF money in
military oper aons Ioda the great expendituresiu ak
Ing public works, VII b were being pushed forward with
despach the Increasing consumption OF ths agricultural
produce lnda an the remuneravc returns that
been ade rom IT, have circulated money and ased the
soca condition Of the yots OF that country that their
CONSUMPTION OF manufactured goods has increased So
much had this been the that he had been informed
that the weavers leaving their i'll paid handicraft
opaAt,ons and resumisg wha. We wished them to do
agrcuur al operations; for there could be question
that the interests Of India would be best promoted
by developing the agricultural products Of the soil.
We, nth grear dkM and capital and mechanical
uysta, could supply them at al times more ecoasmiczy
ush mesr elohsg than they ould provide Il for tlsm-
dives
AS regarded exports Of manufactured goods from this
country India was now only exceiled by America Toe
f6UoS coo OF exports few years ago only fio,0e0
$4,000 GEO. and we might live 70 See them bs,oe equal
even to those OF America He trusted that all these ques
tons would receive the serious attention OF the chamber,
and he concluded by moving the resolution
Mr. W ENTwlaE seconded tho resolution He attributed
the present state OF our prospty to the prudence with
which The government had conducted foreign AFFAIRS
md to the expression of public opinion Of
doors that England should abstain from interference N
the Internal Of any foreign nation He congrst
ua.ed the chamber 200. the OF the OF
the prohIbory laws Of France, but said that he could
not avoid remarkng that creator encouragement to the
importation OF our products INTO Frynce be given,
by any concessions on part these must be made
those products which France could give US in re-
luxury he could not but say that il concessions ON
such Ihpgs wine and silk to be made would be
difficult TO see where customs duties were to DO imposed
II not upon such articles these We could not shut
eyes TO the fact that duties to be relaxed
any considerable extent upon articles such rs those he
menuoued and II the result should be that loss Of
revenue had 70 be faced, was q very serious question
from what that loss OF duty 10 be made good
II we were TO resort to tho common refuge Of needy
chancelors Of the excheQuer, namely an augmentation
OF the income tax, was high time for gentlemen con-
neced with all the chambers Of commerce in the
per pane imposition of the income in form which
he could not characterize other than approxmatng
closely to injustice He meant the plan of svying the
same rate upon permanent incomes upon those de-
rived from situations, trade commerce, &c.
Mr.. henry AsIwoRrH moved the appointment Of scru.
tDeers Tor conducting the election Of directors He said
the chairman had remarked that exports TO India
might have been and probably had been largely ncreasd
by OF the expenditure in and public works
He knew no reason why should lose money by India
(Hear, hear) India was capable Of producing every
article OF necessity In raw products for manufactures,
which we required but whilst we had been governing
India, small portion OF the United States of America had
bee1 cultivated with cotton, and the American people
running into debt 10 the tune o. YEAR TO
govern India, which could, and WOULD il properly 60
verned, produce every pound of that cotton we now
inan or The ooxe-nmen had mad as much at,enIinn ~
the growth of Gotten to the growth Of OPIUM by this
reioiced thai We had any,h,.g in shane of treaty with
France, which nearly allied and had been
long kept at arms length from He had been in
L,sss for fqty sars md he had ner M found the nam
IF Frerch merchant IN his do.y Uauehter) Before he
died be should Ike to have good many French names in
Re and he saw no reason wby should demur TO receive
Inybins in The shape OF treaty or pepotaop m Iong
Is i. would bring US Eearer to people with whom we
ult ImvA dn N.
nuwerous nan ne American po then could nan for ,rInf
thev rrchased me month IN he follsino mint, Nth as
much fa,.S as a merchant in London co,L Why then
should thew be seeking markets NJ sx months distance
from US and overlooking the advantages of market
within one months payment from US There might be,
mo PROBABLY mere we're, many on tne puDnc Journals
sns1 oemufred 70 me manner IN when TINS treaty with
france hAd Seen Drought aDout De old not near that
one OF hem saa tne Emperor OF tne french was not
irco uader ana aitnougE ne was sucker Tor stern
pfncples ga not always follow that IN dealing with
people We coua wan until they became converted or con-
peheved sound principles, We ought not to be chary
nqurpg WHISTLER the thing had been done in the ortho
time came when this treaty was to be considered in Par
nanent they might give from the chamber some moro
spproson tina. that contained the report and
that they should assure Parliament whethey they were or
aot favorable 70 the proposncns therein embodied
MI OGDEN seconded the resolution which was carried
GRRMANy IN FAVOR OF FRHE TRADE. j
Hamburg letter speaks ss follows OF the effect pro-
In many by the news Of the treaty of CON.
peroo between Enna1d and France The German our
",
eoge the preference given TO the system or
protective duties instead Of prohibition is great pro-
for France whose manufactures have row attained
degree perfection which will enable them TO bear
competition Prussia firmly resolved to olJoao in the
track. Her diplomatic agents accredited 20 the Ger
governments composing the Zoveren have received
Instructions in that and the Berlin Cabinet demands
,are bsance for the conclusion of treaty of
WIN France ana England Among the States Ct the zol
veren, Saxony Hanover, and the States of Thuruga
have already declared in favor Of reduction Of customs
1utes on all raw Materials and Of gradual approach
he % no
Southern States of Germany-especally Bavaria wur
emberg which alone have hitherto resisted these tendon
ces-wl now accede wishes OF Prussia with view
70 the advantages they could not fail to derive from
treaty with France
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TIE suLL 10 phAiN and khTEs OF DISCOUNT.
Tho sn1S, dd s nnppns u .a ~ reo.
va 'fran, ,ho 1rn,ad $50, =. ;s s, f vi SPY
nana for hrnnr oo,h 80 p ~ az VI c. aose uo
he Eae, no.. i;,., ~no W. y, anu
,irces his ~aas In orSor =, h,, ,h Nv. s a I.I
~ cnld re ao.,r ~ ~ ID, 20 r ~ W llpu orlo"