Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-03-10
DAILY COMMERCIAL.
BALTIMORE, MD.
FOREIGN DETAILS,
acknowledgements of the Press
Sharp and Searching Criticism.

Press
sharp and Searching Criticism.
IRON the London Dailv Netos Feb. 241
Inc objects of the Fenians in America are. it ia
rue matter of notoriey; but no one can be- indicted
IN any court of law for hostile feelings or even hos
Tile intentions toward England Proof must he given
that some positive law of the United States has been
violated, and this proof is NOT Vet forth ee ~
is for the English Government to suppiv If and bn
II Is procured to make it the basis Of any
fatL?ns winch IT may think right to address to the
Caolnet OF the United States. We left Ito Mr. Adams
to make out has oacn By such resources as he couI
command against the Alobgna and her consorts So
late as yesterday evening, Sir Rounded Palmer rd
cued the idea that it could he the duty or was within
the power of the British Government to establish
what the American Minister and his agents could not
The same rule holds good. we imagine. on both
sides OF the Atlantic. The destination of these
ships was as much matter of nOtoriety as the pur-
poses of the Fenians in New York Nay for years
the designs of the Feniaus in Ireland have been no.
toriOus; but it is only within the last six months
that the Irish Executive has been able to get the
positive evidences which made it safe to act The
criminal intentions of hundreds of persons now in
Ireland is matter of common fame; but the Govern
ment cannot get such presumpfige proof Of quilt
as 'goaLd justify magistrate In sending these men 10
tr1at and q csthe kRotby snspendiRg the hdbeds
pdS act w can scarcely ask the American President
and Congress to do this for u.s. seeing that ne toere
SgarV offended 'ohe" they Uen.ured to Do tor them
As Mr.. Gladstone truly alleged. it would be IN
worthy IN England to address to the United States
demands such as those which we have often received
and have always refused to listen to- from Continen-
tai Powers; The Americans are jealous as We are
OF the night OF sanctuary though they like ourselves
do not vouch for the character of their guests in +
fording them an asylum. We refused at the bidding
of the United States to alter the laws of EnGIand
they cGRndt be expected at bidding 10 40 be5qnd
their inlCs for concordance. Further If NAV
be well to recollect that we manufactured and semi ~
them the lawlessness which now ask them to con
troll We export to their shores IN e0erg eigraat shin
that quits this country for the United States masses 9f
shall take measures for preventing this animostv
from venting itself TO our harm. To attack Fenan-
ism IN its true source is not as Mr.. Watkin init
mated, to attack it in the United States but in the
causes, whatever those nav be, which engeuder the
hostility toward this country which every Irish emil
grant carries with him abroad and chershes in every
OUR FINANCIAL POSITION ABRoAD-UNITED STATES
FIvE-TWENTIES ADVANCING WHILE EUROPEAN SECT
RITES WERE FALLING.
From the London Telegraph, Feb. Oil
The condition of financial affairs, after months Of
serious depression-amOuntng at intervals almost to
alarm-has undergone marked change within the
last few days. The stringent policy pursued by the
Bank Of England has at length produced the result
desired. The beneficial effect of q high rate of in
teres in restraining undue expansion and enforcing
caution as to new c0mmlttals, has never been more
strikingly manifested than during the present win
course pursued by the bank has been proved to de-
monstraton. Notwithstanding a rate of interest in
the London market exceeding by two or three per
cent. that current the continent, the outflow OF
gold continued in steady stream for weeks and the
exchanges remained perSistcntly adverse. Now that
the tide has turned, and things have assumed amoIg
cheerful aspect, there is remarkable fact well
calculated to attract attention.
While all other securities ICere denresse4 and epe,
consoLs steadily falling lceek after lveek United
States fge-toeny bonds not only maintained their Uqlve
but gradually odUdHced from 63 to 81, and are nog
quoted at $50. Whether this exceptional result is
justified by the state of transatlantic finances forms
subject worthy of close examination The amount Of
American securities afoat is very great and as will
presently be explained it is about to be vastly in
creased The interest on investments in these bonds
if deemed entirely secure, is high enough even at
their present price, to tempt the withdrawal of capt
tai from advantageous and useful employment in our
ON mt md nrrnr, Stnoly5
should become popular in market the absorption
of capital would be sufficient seriously to affect COM
mercial and industrial neutrality-suspicious. in the
event of disaster, even widespread calamity.
The writer then proceeds at length to show the
publication of the article fUet,oeRtes adUanced from
$50 to $751;