Estalilisned 1823.

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Charlottetown, Prince Edward island, Wednesday, March 29, 1.5.54.

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New Series. No. 124.

THE ‘VAR WITH RUSSIA.

Press the European Times. The certainty ofa war with Russia has necessarily fixed attention on the business transactions of the two countries, and it is gratifying to find that while the war has been forced on us, and while we have done everything which prudence and honour could suggest to avoid it, the consequences, even in a commercial aspect of the case, are likely to fall with much greater severity on the power which has so wantouly distur- bed the peace of Europe. The contrast is very marked between the pecuniary condi- tion of the free and the despotic countries While England, as regards material pros- perity, was never in a better condition to go to war, Russia is reduced to.the verge pf bankruptcy, andttheflflmperop I; already

living recourse o to mos espera e means to sustain his credit. e longer the contest cuitinues, the more strtiitened will his means become, and whatever may be the reverses ofhis armies, military opera- tions cannot lorig survive the exhaustion of the military chest. England, with whom he is now going to fight, is one of his best customers, for, while Russia only takes about a million of our goods per aniium, we import from that country more than ten times the value of our exports. It seems that our countrymen engaged in the Rus- sian trade arc accustomed every sult‘umn to make considerable advances to ussian agents, to enable them during the winter season to purchase goods, and forward them to England in the spr-in ; but this course of trade as been stoppe this year, and the greatest sufferers are, 0:.’ course, the Czar and his subjects. The in ormation contain- ed in the following extract is so useful at’ the present moment, and bears so matc- rially upon the advantages which have re- sulted from the war being deferred until the present time, that we make no apology for quoting it.

But there is one other advantage which we have gained by delay, and to which as yet no direct reference has been made, of such enor- nious importance to us as a nation, that we are repared to estimate ts advantage as equal ina I reliability to the whole cost of the war. To ma c this clear, let us explain the peculiar character of our trade with Russia mar- ket for exports.its importance is of the most trivial character : -—us it source of our im rts. the im rtance of which cannot well l)OP:V0l'- rated, ussia is one of the largest markets with which we are connected. But our exports being so trifling in amount and our im rts so large in arnoant, the balance is necessarily furnished from British capital. And the private capitals in Russia being so small when compared with aha pnoriaous amount of ‘the traqsactions, it

as rorn time iminemoria been tie ractico for the Russian houses in London to lllllpktl cash advances to their agents in St. Pctersburgh, to enable thcui to purcliasa the produce in the in- terior, and deliver it in the shippin ports. The practice has been as follows : —'llie ussian ports may be said to be open from the 1st May till the beginning of November, and closed by the ice from November till the end of April ; it may, therefore, be called a six months trade. But as the great oi‘-ticles received from Russia are the produce of provinces very remote from the shipping ports, and as the transit of such goods is most easy while the snow is on the grou|i1|_i.ath‘q oyieratipn of their colllloction goo; one I) ar n tie winter wit a view 0 their arrival in t e ports duriiig the six months of the shipping season. The wealthy London houses on d in the Russian trade have, thsrefoiris, on inhthc habit qt hrpsking vsgy

r a vsncesint eautuinno t eartot c as vedsalcrs in Russia, which lltflyo enabled them to proceed into theintcrior over thousands of miles. with the means of purchasing produce, and fulfilling in due time the contracts into which they have entered with the English houses fcAr glppments duringh the galloping season. it t is atl tot e ere ito the Russian native incrghfintsy, who receive these ppormrlzus advances without any ‘ptlierdsccuriity

an t cir rsonal honour an cre it t at there has sch:-ccly ever been it case known in which the confidence thus reposed in them has been abused. These advances are made in cash in St. Petersburgli, and are provided on the spot either by remittances from London or b

rafts from St. Pctersburgh by the I-Inglis agents of the London housel drawn on the latter. and negociated on the s t, as the state of the exchanges best suit. rain the month of October forwardto the month of May in eve ysar, therefore, the Russian houses in lot: a have usually been coming largely under sdvaaesto Bussla;aad which adva s be

irom May to October. So, in like manner from the nature of the trade, our shipping engaged in the Russian trade has in former ears employed in the Baltic during the six summer months. and en god in other trades f.‘l‘ the six winter mont is.

Now, with this or lnnation, what was our condition when the ussiiin troops crossed the Pruthl What would have been the elfects, commercially considered at that moment had England and France rushed into war! The most accurate calculation which we have been able to make, with the assistance o rsons largely engaged in the trade, shows tha_tat tlist moment the British capital in Russia, and advanced to Russian subjects, was at least £9,000,000, including the sums for which houses in this country were under acceptance to Russia. Nor was that all. British mer- chant ships, toa number of many hundreds, manned by British sailors to the number o many thousands, were at the moment engaged in the trade with Russia. and a large ation of them were in Russian waters and in ussian ports. if war had then been declared, what would have been the fate of this £7,000,000 British cupital—of these hundreds of British ships-—of these thousands of British sailors! As it is, thd time gained by negotiation has brought home over ship and every sailor in the ordinary course 0 trade ; and the whole of the £7,000,000 advanced by England has _ ii repaid by the shi cuts of last year, yielding an enormous pro t to our merchants, in p ace of their being landed in hopeless rain, as they would have been had war been declprcd at the time referred to ; and of course it is it less tosay, that under the circumstances of our relations with Russia since September, the usual advances made during the winter have been entirely withheld,and that no purchases on English account’ for shipment in the next season have been made So that, for the first time in ourda , ' said there is _no

ro ty of any description in Russia belon rig to ritisli subgecta which can be seised or est in the event 0 a war. a commercial point, have been the advantages of the delay.

0 "h

This is a very important, a very truthful, and, to all concerned, a very satisfactory view of the effects of recent diplomacy. ymptoms are already apparent that the

[1101

mpcror would back out if he could; but he has evidently gone too far, and must now enter on one of the most hopeless con- tests recorded in European history. The shattered state of his finances will not be the only shattered thing hetore the contest has terminated; and the man whose unbrid- led ambition has caused so much human misery may not be the least of the sufferers. his withdrawal of English captial from Russia will be keenly felt at the outset, and its effects upon the contest cannot be slight.

'1

Tue Quaaa’s Paoci.snu-rioir csaaian mro Er-'rr;c'r.—Tiie Hampshire, barque, having put into Portsmouth through stress of weather, and information being given that she was laden with warlike and engi- neering stores,nn admiralty order was s ed- ily put into requisition, and proper o cers boarded the said Hampshire, which was bound for Odessa, with boiler-plates, shot, chain cables, and engine gear. e oflicers of her Magosty’s customs have taken per- session pending an inquiry. The Times of Eriday says—“The public will rejoice to hear that, under the operation of the order which recently appeared, a quantity of gun- powder, intended for exportation and for delivery to the enemies o Englan , has been seized. Two large operations of this kind have been happily disconcerted, and it is hoped that many others will meet with the same fate.” The lords commissioners of her Majesty's treasury have directed the commissioners o customs to issue in- structions to their officers at the several parts throughout the kingdom not to permit the shipment of gunpowder or of warlike stores to any port in theliingdom of Greece, and that in all cases where it is proposed to ship gunpowder or other warlike stores in

~ quantities unusual for the markets to which

it is proposed to send them, the will take s ccial cure to require a satis actory ex- planation of such shipments before they are permitted to be made.

It is stated that the whole number of Jews in England is only 80,000, $3,000 of whom are located in Men. Russia contains I0} millions, Constantinopls,O0,- 000 and India, l7,000 it is also stated are

bssagradaslly ltcatdstsdby the

y. thatiout ofthe fll,000 in London .1 baptised Chrbtians.

So enormous, then, in b

LEGISLATIVE SUHKARY. Wanstasnnr, March 2:. alnssass ritost LT. G0\’l-:lt!\‘OlI

Two Messages from the l.i.-oien:ior Governor, vrrrs presented by the Him. the Colonial Socie- tsry; the first having rtference to Minutes of Council, respecting the issue of 'l'reas.ory Note.-; and the second. to the Otliee olih.-. l‘..~i Master General, "hsrleltelowu. The II-rust: lisve direct- ed that the first shall be pohlrslo-d and that I50 copies, in addition, he‘ struck otf tor general cir- culslioo. , OIOBGITOWN sxn nov.u.1'v.

Mr. H vimiro, Iuflenhlv to notice. intro- duced a Bill, intiiuled. “A Hill to :i-itliorise tho- sppoinlinant ofs Commissioner of "Ifll|\VI}I for the Town and Royalty of Gr-.ovgeiown," which was read the first time, and oraler-:d It) be read a second time tu-morruw.

The remarks, with which the hon. member prefaced the introduction of Hill lliil, were to this sd‘ect—thai the Town and Rnysliv of Georgetown, although formerly a separate Road Dietrici, were attached to one, which, of itself, was so extensive, that it was almost impossible for one Cointnission- or to deachsrge the duties consequent upon the union. The ob'ect of the Bill was. therefore‘, to disconnect the own and Royslu of Georgetown from the District to which they ind, for some time. been annexed, and to render them again a separate and distinct District.

IIBVICI OI’ ION-BAILAILI PROCESS.

Mr. H. Havinsitn introduced a liill, intiiuled, " A Bill to amend the Act for making Provision for the Service of Non-bsilshle Process in certain cases," which was read the first time, and order- ed to be read a second time to-morruw.

in introducing this Bill, the hon. member brief- ly explained its object. He said, the Act to which it was intended to be an amendment, was intro- duced by himself two years ago. for the pur ass of providing for the service of Non-bsilable ro- csss against any Body Corporate, or person carry- ing on business in this island, having a place of usiasas, i no residence therein. It had been found that that Act did aot go far enough. because it gave no power to is hold ofauois after judg- ment had been obtain , but left the satisfying of

it to the honor. as it were, of the prmien against whom it was given. The object of the Bill was to remedy that defect.

DIITBIIQ FOR RENT.

time tomorrow. hon. member prefaced its introduction by saying, that, although there was a law, upon the Statute ook of the Island. to prevent Laiidloids from distrsining and selling horses or cattle. or arrears of rent, at certain seasons of the year, the relief or protection which that law was intended to aflbrd to tenants. was not so comprehensive as it ought to have been. It was not of much rise to prevent the selling. at certain seasons, of horses and cattle. distrained, if the hay and fodder, neces- sary for the support of such horses snd cattle, could be sold without any such restriction as ap- plied to the horses and cattle themselves. The object of the Bill was, therefore. to prevent the hsy and straw of tenants from being disiraiond and sold for arrears of rent, between the 20th day ol seem in airy year, and the lat day ofJuoe, in the neat ensuing year. Such a provision w.-is. he thought, in accordance with the prlticlples ol equity ; and he hoped the llousc would agree to it.

ONI.-NINTH nir.l..

The Bill introduced by the Hon. the Arroriuirv Gartasaa, iutituled, "An Act relating to certain Lease and Monetary Obligations, entered into be- fore the passing ofthe Currency Act," was read ssecond time, submitted to a Committee of the whole llousc, and agreed to therein. ()n the llousc being resumed. it was reported agreed to in committee, and ordered to be engrossed.

The object ofthe Bill is merely to protect land- lords from loss through any t'uturc depreciation of the Currency.

rs:1'rrioxs.

For the last three days, the House have been ehirly engaged in receiving Petitions. As many more are expected to be sent in, tlie time for recen- in; them has been extended to the rising of the House on Saturday, the 25th instant.

'l'ssssiuv. Mlmll 98. ‘ms ONI-lIN1ll man.

This Bill, introduced by the lloit. the Anna- itav Gaitasin, and intiluled “ An Act relating to certain Lease and Monetary Obligations, enteret into before the passing of the Currency Act," was read a third time and passed.

IIIVICI OI‘ NON-IAILAILI PROCIII.

Mr. H. lhvIr.airn’s Bill, intitaled “ An Act to amend the Act for making provision for the Isrviesof Non-bailable Process. in certain cases," was read a second time, submitted to a Cornmitiec of the whole House, aimed to therein without smsadmsat. reported accordingly. and ordered to be sagros OIOICITOWI AND IOYALTY.

ii to authorise the s

r. ll.lIsvri.sss's Bi pgiflt If a Csmlldsass of Bljhwsys for

Mr. Gen, agreeably to notice, introduced a Ilill, intiluled, "An Act in further amendment of the Law relating to Distress for Rent." which was read the first time, and ordered to be read a second I

G€0|’ll'!'l0\\n mid llovally. as H di~tiuct and sepa- rate District, was read a second time, and suhm‘i- lot] to n (Jr-iiiiiiittre ofthe wlinle llousc. Committee having had We ll:ll umler r-onsitlvr:i- lion for MIHI8 tune. it was agicterl, on the iriotioii oi the lion. MI \\'atl.rurlun, tIl.'ClIlltlv"l bv l\lr.Yt-ii, to amend the ll.l by 3|'ltllIl|! a ('l’.iIl5G lo nullmriic also the app ~llll:lI‘.'lIl ofnn ttdtliiiouzil lltriirtiiisai-viii-r of lli;_:litv:ns tor the First District of Prince Cniiniy. '|'o nilmit of the iiniczulnietits heiu«_- miide. the (3-uiiiiititee rose, and the Cliziirinan, Mr. Clark, iepurit-ii progress, and asked and uhiaitieil leave for the Coiiiiniltee to sit ugaiin.

D IBTRESS FOR RENT.

.‘\lr. Goirr‘s llill, iotitulerl,“ An Act in iurtlu.-r aniemltneoi of the Luv relating to Distress f--r -m,‘' was read aseroiid lime, suhmitletl tun Cotniniltec of the whole House, agreed In therein without amendrueut. and reported 1!CC(lltl|tl|!lV. lloti. Mr. \\'i-ir:l..iN moved, That the lllll he referred back to tire Couoiiiiice \\’lll| ti VII-‘\V in amend the some hv inserting the wortls. "or 1Irra:lredgrar'n,” after the words. "straw, Iliraslird or unlhra.rIiea',” as often as they occur in the tlill The object oftlie lion. mover of this propo.~i-.il amendment, was, as he explained it, to allow |ht' 'l‘eusnI to ihrssli out his groin, and freely to use it, either in Ilie feeding of his stock, or ollicrtvise or the sustenaure of himself and l'aniil_v:~-the urain thrnslied out not to be liable to distraini and sale by the lllntllultl, any more ilian if it were in sheaf, for the time during uliich it would he proteett-d by aw, were it in sheaf, or on- thrash:-d. The question having been put thereon. the House tllllldr-cl : cas—Hon Mr WEILAN, Mr Mooney. Hon Mr Wrirhurton. Mr McGill, Mr Davies, and Mr Cl-irk—6

Nays—Mr Douse, \lr Yeo, Hon the Attorney eto-ral. lloti the Coltiirinl Secretary. Hon Mr Havillnd, Hun Mr MuiiI4_vomr.-r_v, Mr llicG«-iv.-in. Mr Wiphimsn, Hon Mr Macaulay. H--n Mr Mae eacheu, Mr Beer. lllr McLeod, Mr Fraser, and Mr Gofi'—l4. The Hill was then ordered to be engrossed.

Futon, March 524. -roiviucn eorisriizs on FISHING voncirs.

Mr. WIGETIAN. as Chairman of the Special Committee appointed to report to the House on several Petitions praying for the Tonnage Bounty on Fishing "cynic Report of the Committee; ut, as the question was about to he uton tltc inotion,that the some he received, the Ion. Mr. Warburton, rose and observed. that, as ‘certain Petitions ofn siinilnr naturc,whicli had been before the into Executive Council. and, by them, directed to be referred

tustod to himself, had not yet been laid before the House, the Report was incomplete. in consequence of this representation ot the hon. member, the Report was withdrawn, to allow time for the presentation of the Petitions allu- lded to by him, and that, ifreecivod, they might lbc referred to the said Committee, and rcportc

ion, together with those which had been previ-

ously refcrrcd to it. DISTRESS Fort nasr. Mr. Goi'r’s Bill intitulcd, “ An Act in further nmindinciit of the Law relating to Distress for lltcnt," was read it third time, and :isse(l. ' B.-fore it [).l!SL‘tl, the House tlividcil on it motion, ’l‘niit ii. Rider be added to the Bi l for the purpose of exempting “ Ilrrrslird grain from distntint and sale, by the Limllui-d. for arrears of Rent, between the 20th do of December, in any year, and the lstd.-.3’ ofJuiic in the next ensuing yciir, inaile by the Lion. Mi- Wnrliurtozi, during the temporary iihscnce of l the lion. Mr. Wlielzin, who, the evening before, had submitted a similar motion, both in tlic-

t

‘ommittoc and after the llousc was i-csuinctl : , hut which motion was again made by the lion. . Mr. Wlielain, before the question was put upon t it, as submitted b the lion. Mr. Wiirburton.— , The llousc divide thereon. ‘

ycs—llon. i\lr Wliclan, llon..\ir.Wtirburton. lion. Sir. Lord, Mr. l\lc(i'ill, Mr. Clark, Mr.l .\Iuoncy, and Mr. D.iries—7. 1\'ay.t—-.\lr. boll‘, lion. the Colonial Secretory, lion. the Attorney General, lion. .'~lr. Montgo- mery, llon. Mr. i\loEsclien. .\lr. Yen, Mr. D ruse, .\lr. l\lcGovvan, Mr. ll. llaivilnnd, Mr. Beer i\lr. Wiglitincin, .\lr. Fraser, i\Ir. .\loLeod-—l3.

PROMMSDRY NOTE! .

Mr. H. llAVll..\ND, agreeably to notice. intro- duced it Bill iutituled “An Act to restrain the issue of certain Prttinissory Nines, wlrich wrisl ‘ read for the first time, and ordered th be read oi l so end time to-morroiv.

ti iutrmlucinu the l3ill,thc hon.snd learned.‘ member saiid——The Act which it was intended to

repeal was passed in I830, in consequence. hci

believed, ofthe circulation of certain l'romissor_v i

nice for small sums, issued chiefly by Mr. Joseph J Cunard. of Miraniichi, and Mr. lliissard, ofC-=sr-, Iotleiown, besides some Leather Notes, for the ' sum of Five Shillings, issued by Mr. James Fits-l pstrick, of Charlottetown. uc a Law, he i thought. shotild never have been passed; for, in. his opinion. it was very unwise to cripple or fetter ' commercial transactions by legislative enactments: its limits inpsssd spas its issue of prints cosi-

s, presentcd the N

to the llousc of Assembly, as \vo‘l as some cn- , ,,

ll-N

-pended to the .\leiiiori.il.

t 3'

ym(’l'I'l£ll pziper, should be prescribed by the extent .0!‘ the i-irritidietrre uluclo the public were disposed to plaice in the n-poiisiliility ofthe issuers of such [)lIpP|’. llc liclil legislative interference vvitlr pri- vnlc cntetprisc, in he very dangerous lo the inter- ests of coiniiierr-r. lfxperii-ore had shuts-ii. ho hell--vml, llrtt the loss the ct terprise of those Dn- t_v:iv_vrd iii coninirrce was I1-Itert-ii and restrained by lt-,-:lsl:tli\'u l'll¢l"Illll'.lllS, the greater new the bone- fit-.i.~-l ri-stills arising from IIlt'll enterprise. not only In the imlivi-lu:ila iznmrdiair-ly engaged in it. but to the C'l|2lllfV at large, Ilie iznvt-rmner.t of nliir.-h retro;-iris «I llm \\'lstl0l|| of adopting. as for as possible, the Iaistrz-fair: or nonintcrference poli- cy with respect to trade and commerce.

JOINT STOCK BANKING COMPANY.

Mr. ll. llivii..i.\:n, norecablv to notice, pre- seutcil zi Position from tirncs Puske and others, prrivitig that .1 llill innv be parsed to incorporate it J-tint Mock Billllilllg (itvtnpzii-y.

'l‘lre l’:-mion was received and read: and a motion of Mr. ll. ll.ivii.Ai\'o. “ 'l‘hai the Petition he referred in rt Spvcinl (Ionirnillre, to upon tliereon by Bill or ollieruise,” lisving been agreed to, it was onleretl tli:it—

.\lr ll Hiivitaun, Mr \Vightman. the Hon the Attorney General, Mr Beer. and Mr Clark. do constitute a Ciiinniiiie at-cnrtlirrrly.

in presenting the Petition, the lion. and learned member observed, that he thought there could be hot one opininii concerning the object of the Petitioners. 'I‘lie utility and necessity of such an institution were, surely evident to all. it was indeed strange, he thought, that the Colony had existed so long, and that our merchants, ship-builders, traders, arrriculiurisis, and others, had, hitherto, been able to prosecute their several pursuits, so successfully as they had done, indo- pcrideiitly of the advantages which such an institution, when based upon a sale foundation, was capnble of affordiniz. For want oftlte accom- modations which a Baolr, so established. and conducted upon sound principles, uould have atihrded, it was not 20 be doubted, however, that commercial and agricultural enterprise had been fetu-red and narrowed amongst us. The fact that, at present, there was in circulation, in the Island, In the amount of £50,000 or £80, of tho Notes of the Banks of Nova Scotia and New § Brunswiclt, was, in itself, sufficient to show the necessity for the formation of such a Company as that prayed for by the petitioners. Thstsueh a circuloiiori of Bank Paper, or one even to I much -rrealer amount, in addition to lliat ofour'fressury oies, was necessary fortlie facilitating of our commercial and l)ll‘.illIe!IlI’IllIfIt:lltlflI in general, could not be denied; but it would surely be much g more for our interests iftlie necessary circulating l medium of business were supplted by ourselves, , by means ofthe iasiic of Notes, payable on de- l mom], in gold or silver, by .1 Banking Company f our own; ratlicrihan drawn from the Banks ;nf the neighbouring Provinces. 'l'lie circulation :0!‘ the llank l'nper of those Provinces, in the ‘Island, wliilst it iiiibrtled considerable profit to filiose by wlioin it was issued, was. stlhe aarnc ,tirno, it matter of great and essential convo- éuience to our whole community. in the pre- .s¢-tit limited slate of our own circulating me. idiom; but the possibility ofits bringing ruin upon iplllllcl amongst us. inihe event of any serious