The New York herald., 1868-03-27

The steamship Huntsville Captain Crowell Of the
Black Star line, will leave pier 13 North river on
| Saturday, 2sth inst, for Savannah, Ca.
The stock market was dull and variable yester-
| day. Government securities were steady Gold
| closed at 1885.
Movement in England for TeIegrnphic Com
munication with Eastern Asia and Aus.
trnlia.
| There is suspension in the impeachment
trial, there is lull in the Connecticut canvass,
there is flatness in the proceedings of Con-
Sncss, there is a prevailing stagnation among
the ring masters and party managers, cliques
and coteries in reference to the Presidential
| canvass, which invite us for the passing morn
| ing hour to the consideration of other subjects.
| So we are drawn to few observations on an
important movement in England looking to
the vast commerce of the teeming nations of
Eastern Asia, and of Australia and all those
countless and fruitful islands of the Indian and
Pacific oceans. OF this vast commerce our i'm
perial city Of the Pacific, San Francisco,
bravely aspires to become the commercial
centre, as New York, in view of the early COM
become the commercial centre and settling
house of both hemispheres.
The British capitalists and merchants show
they are alive to the Importance of having tele-
graphic communication with China, India and
Australia. We learn by the Atlantic cable that
an influential meeting was held on Tuesday af-
ternoon at the Mansion House, London, over
which the Lord Mayor presided, to urge for
ward such communication by means of sub
marine cables. 1t is stated, too that the
British government will be asked to assist this
important enterprise. ''To urge forward tele-
graphic communication to India, China and
Australia" is the expression. The trade of
the East, and particularly of China, has been
the aim of all great commercial nations. Every
means has been resorted to, and some very
questionable in point of justice or morality, to
acquire and stimulate this trade. The arts
of diplomacy and the thunder of cannon
have been used, and there has always been
the most intense rivalry for this great prize of
commerce. In former times the English and
Dutch were the principal competitors, and in
the end the English succeeded in getting the
lions share. But mighty revolution is going
on in China, Japan and the East generally,
and in the commercial relations of that part of
the world with other nations as well as with
the English. Within the last few years the
United States has loomed up as the foremost
commercial nation in the North Pacific and
with those populous countries bordering it.
| The fabulous growth of California, Oregon and
our Territories on that ocean, the vast emigra-
ton of Chinese to the gold fields there, the
establishment of regular steam communication
| from San Francisco to China and Japan, and
the rapid development of our republican en-
pire and trade on and across the Pacific, are
| winning for US the prize for which all great
commercial countries have been and are con-
tending.
The British, always farseeing and on the
alert where their influence and commercial
advantages are rivalled or at stake, see the
progress we are making and therefore, will
| do their utmost to check or get ahead of
us. They are well aware that the magnetic
telegraph is the most powerful agent in modern
times for promoting and stimulating commerce.
Hence this important movement at the great
centre of British commerce and empire to con-
meet China, India and Australia with England
by telegraphic communication. They see,
doubtless, that we are in far more favorable
position, geographically considered, as well as
in other respects, to control the trade of China
and Japan by means of the magnetic tele-
graph and steamship lines, and, consequently,
they are moving to get the start of us. This
meeting at the Mansion House appointed a
committee ITO urge forward telegraphic CON-
munication." The Burlingame mission, which
shows in what favorable manner the Chinese
government regards the United States, has had
its influence, probably, in stimulating this
movement. Apropos Of this mission, we may
remark that it is gratifying to learn from the
proceedings in Parliament that Mr.. Burlingame
will be received with due honor in England as
the envoy of the Emperor of China. In spite
of the petty jealousy of the British in China
and of the silly remonstrance of the French
Minister there, Lord Stanley informed the
House of Commons that the British govern
ment would receive Mr.. Burlingame as the
envoy from China, and would be prepared to
enter into negotiations with him.
But what are we doing or what are we going
to do ''to urge forward" telegraphic communi-
cation with China? Will our merchants and
capitalists take the cue from those of London,