The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-02-17

eVade the two disputed courses, but will leave the
Americans in possession of the larger share of the
debated territory
This channel runs through the group of islands.
an1 though not so broad as either the Haro or
Rosario Strait, is nevertheless navigable In its
course it cuts off the Isle of San Jurn alone to the
west, and consequently leaves us with this island
only, while the Americans will retain the ramain
der. So considerable, in fact is the concession
thus made that it reasonably suggests little COM
pensation, and we believe the American Govern
ment will be asked to give the whole of a certain
coast headland which the 49th parallel now euts
in two. We do sincerely hope that this reasonable
proposal Will be accepted. 1t appears to us to an
sWer all those purposes of mutual convenience
wmch the Treaty originally contemplated The
Americans will secure the Rosario Channel to Them
selves, according to their wishes; and thew will
leave us with the Haro Channel, exactly as thew
desire. We, on the other hand though we shall
lose three-lourths of the debated Territory, shall
retain the Isle of San Juan, and thus acquire Sc
cure access to our continental possessions In rea
", the mere Territory is of little consequence to
either party, while safe navigation is of material
Importance to both. By the arrangement now de-
llneated each country will have a channel of its
own, while the Territory will be so divided that the
Americans can make no complaint of their allot-
ment We really do not see how any adjustment
could be more judicousy devised than one which
will not wound the selflove of either State, which
will give both States what is really necessary for
their convenience, and which will thus terminate
protracted dispute by sensible compromise
PROTECTIONIST AGITATION IN FRANCE.
Paris (Jdn. 30) Correspondence Of London Times
have examined with attention the petitions,
which, up to the present, have been addressed by
the prohibitonists to the government against fiscal
REFORM and do not find that, amid their lamenta-
tions, there is a word of commiseraton for the
public at large, who, besides the heavy tax they
pay to the State forced to furnish an mpost not
less onerous to the monopolist. 1t is not denied
that the cotton velvets of Amiens are inferior to
what can be got elsewhere, but the consumer must
buy them or go without.
Our principal industry, cotton velvet, will be at
once annihilated, and at moment when machine
~ was about to give it vast extension. What will
become of the thousands of families who depend for
existence on this industry? x Our hosiery
which employs many hands, will with difficulty
struggle against English competition.
The manufacturers of st. Quentin say:
When the great branches of national industry
are agitated by sad presentiments, and lively APP
prehensi0ns trouble millions of workmen, and of
those whose activity, intelligence and capital in
sure the existence of this immense class living on
daily wages, it is not possible that the echo does
not reach your Majesty.
The manufacturers OF Bernay affirm that
An inquiry would have proved, we are con-
vnced that the prohibitive system is the only eff
crisis, from inundating US with manufactured art-
Giles, which she must then dispose of at a very low
price.
And again
fifth part of the English cotton fabrics, equal
ling the total of products of the kind if it
happened to divert them to our markets would
suffice for the consumption of all France. The re-
suit would be the closing of our establishments,
ruin for us and misery for workmen.
| 1t is the same throughout. Scarcity and high
prices form the beau ideal of the prohibitionists
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