NEWS BY THE CALEDONIA
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Advices from London to the 80, ana from
Liverpool TO the 4th of this month
The English have had another great victory
over the Sikhs, ten thousand OF whom were
SLAIN, and two thousand of the English troops.
The war in India is closed.


Emigration to The United States, 1t is thought
will be lessened by the Oregon question.


The revolution in Poland seems to have
ended


No important news from France, but SPAN
continues snll in state of commotlon.


Sir r. Peel's great tariff measure. passed to
second reading, by majority OF o8


The European Times says, " the CONNER
clal accounts from all parts of the county, are
desponding and gloomy" And again, " the
gloom which hangs over business has been
gradually deepening for SIX weeks--lhe last
fortnight being darkest of all.''


The Cotton market is, especially, depressed;
and the Money market in a very unsatisfactory
state. g Cash is scarce and dear, and nothing
but first rate paper, at short dates, stand the
least chance of discount at London"





Indian corn is becoming exceedingly popu-
lar, as an article Of food, among the British.


The following is yart Of fine article con-
cerning the termination Of the war in India,
from Winners Times


The result is, in many respects, gratifying.
The honor Of our arms has heen brilliantly
maintained, and the invasion of our soil has
been adequately punished. The moral effect
of these victories on the princes of India. viii!
prevent any further efnsion of blood d--Will Sc
cure the continuance of amity and peace. Fur
ther, The elaborate Preparations, the consump-
ton Of time and money necessary for the inva-
sion and subjugation Of the Sikh territory will
have been spared and a conflict with war
like race, which, under the most favored cT-
cumstances, must have been protracled, and
could not fail to have been bloody, has thus
been entirely superseded.


Anticipating somewhat protracted struggle
in subduing and Furnishing the aggressors, the
leading English journals have been discussing
the question as 10 what we should do with the
Punjaub when we had conquered it-when our
injured honor had taken vengeance on the par
ties WHO solicited the conflict The general
| feeling has been averse to the permanent occu-
| patlon OF the country. Every one feels that
our Indian empire is at present sufficiently un-
wieldy without further extension. To seize
and keep possession of the Punjaub would, in
pecunlary sense, entail heavy loss, with
the certainty Of constant collisions with the ma
| tlves


The conquests of the Sikhs would involve,
too, the subjugations of The Affghans. Enter
ting on scheme so gigantic, our hands would
be constantly full, and an empire, the extent
and diversity of which is a marvel in the his
tory Of mankind, might be exposed to constant
and superhuous tribuatons. All this will be
avoided. A native prince Of power and popu-
l,rity, attached 10 the British alliance, will an
swer the end in vieW-t' continuance of
friendly relations better far than if our ensign
foated in triumph over Lahore. Such prince
is believed to exist in the person of Gholab
Singh, who, more wary than the othsr chiefs,
had not compromised himself by his hostility
TO the British power. With him Sir Henry
Hardlnge had formed treaty for the future
government OF lhe Punjaub the terms Of which
will probably restore order to that distracted
country.