ADVANCE IN COTTON.

Money Market Easy.

No News Of the Missing Packets.

DEATH OF THE REV. SYDNEY SMITH.

Abandonment Of the Right Of Search.

Arrival OF the Overland Mail.


ETC. ETC. Ere.
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ETC.


The steam ship Cambria, Capt. Judkins, arrived
at Boston at half-past ten O'Clock on Tuesday NOR
nng. She left Liverpool at'three O'Clock in the
afternoon of the 4th inst


We have advices from all parts of Europe, one
month later than those brought by the Hibernia.


The news is Of the most important character.
We have not received in the last quarter of cen-
tury any intelligence so interesting-so important
to this country-to the whole civilized world


1t is to be seen that there is not the least danger
of war between America and England-that all
accounts indicate peace-peace-peace.


The policy OF Great Britain is now to concede-
the most humane and self-preservation policy she
could adopt She has abandoned the right of search
she makes no aNvsion to Tsras-she has opened
her ports to Americax prodHce-she in ,cord, seeks
to consolidate peace-everlaaing peace, with the
United States of North america.


This intelligence has come almost Unexpectedly,
almost like clap of thunder in mid-wnter upon u.s.
1t exhibits at once the present feeling of Great
Britain towards this country and the course she
is determined to pursue to conciliate us. AH this
feeling has undoubtedly been produced by the bold
and fearless letter of John c. Calhoun to our Minis.
ter tn France. That famous despatch has done
more to prevent rupture between England and
America, than any thing we can name.


The packet ship Vile de Lyon, Stoddard, from
Havrc, whence she sailed on the lst ult for New
York. struck on the rocks off Noufsrville, near La
Hague, on the I'd, and was totally lost.


Trade in the manufacturing districts was in
very heal,y state.


The Cotton Market in Liverpool was buoyant-
every one prcgncstcated the happlest resultsfrom
the abolition OF the import duty on the raw mate
rial The large demand had advanced the price of
some descriptions about an eighth, but the i'm
provcment was not general. The remission of the
duty will take place when the bill passes.


The abolition Of duties goes into effect inmedi-
ately


The Earl Of Morringtcn brother of the Duke of
Wellington died on the 22d ult.


The financial report Of Sir Robert Peel exhibitsa
very satisfactory statement. The notifications of
the Tariff, must have very favorable effect on the
foreign trade of the United States.


In his isancial state ement, besides the duties on
cotton wool, coal, glass, auctions, and slaves for
casks which he proposes totally to repeal, it is al
so proposed to abolish the whole duties on 4SO mis-
celanecus articles, and the duty on sngar partially
The income tax is to be continued. and will
probably extended to Ireland.


The repeal movement in Ireland has almost died
out it seems to be in its last flicker.


The foreign events OF the last two or three weeks
possess little interest,", if we except Switzerland,
where the violence Of party conflict has again made
itself manifest in the affair of the Jesuits. Mat.
tiers look threatening; but hopes are entertained
that the quarrel may subside, as family quarrels
ought-in both parties giving way little for the
purposes Of harmony and good fellowship


The European Times say 8 that STEW things have
given more satisfaction in commercial circles than
the intelligence which came to hand by the last
packet, that the State Of Pennsylvania has paid
the interest Of its debt for the current six months.
Il is devoully to be wished for the credit Of
America in Europe, that the payments for the
time to come may be punctual There is one re-
gret to mar the satsiaclion-Poor Sydney Smith
Is dead. Pity that he was not permitted to see
the restoration of American credit and character,
which it is thought, he was not little instrument
tai in bringing about! The remttances on the
dividends have already come to hand"


The arrivals from New York since the publica-
sion Of our paper Of the 4th, are-the Yorkshire,
Capt. Bailey, which arrived on the 8h ult, with
dates to the 18th Of January ! the Queen Of the
West Capt. Woodhousc, on the l2lh, bringing
dates 10 the 22di on the 18th, at 8 A. NJ, the new
Boston and Halifax steamed Cambria, Capt. Jud-
klns, reached the Mercy after a very quick pas
cage of eleven and halt days and on the l4th,
the Sheridan, Capt. Cornish, (ate chief officer un
der Capt. De Peyster,) in sixteen days, having left
New York the 25.h January. On the Oath,
the Cambridge, Capt. Barstow, arrived with dates
to the LIST February; and on the 26rh, the Patrick
Henry, Capt. Deleno, with New York papers to the
9Th ult.


The American provision market was dull. The
reduction in the price OF Irish Fork had impeded
the sale Of American. OF Butter from the United
States there was none in the market. Cheese was in
steady demand, and commanded fair prices. Never
theless this branch Of commerce was steadily onthe
increase, and at no distant day will form an impor
tan, element in the exports from America.


The subject Of railways absorbs no little time and
attention on the part of the House OF Commons
Although the session is so young, there are almost
daily morning slttlngs, In order to enable the mem
bers to get through the work. During the present
session, railway reform promises to be placed on
permanent and satisfactory footing at all events
the present crude and imperfect system will be al
tered-no doubt for the better.


The board established by patent during the Pitt
administration. for opening the letters Of foreigners
suspected of having reasonable designs against
this or foreign governments, has been abolished.


It is rumored that the Queen and Prince Albert
viii, during the summer, pay visit with great
state to Louiss Philippe At the Taileriss