FIFTEEN DAYS LATER FROM EUROPE

Arrival of the Acadia.
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On the arrival of the news last evening oy tne
Long Island mail. we issued an Extra which met
with ready sale


opr acknowledgements arc due TO Harden q Co
fo, comics of the European Times delivered lmme-
diatey on the arrival of the Long Island mail


The news is deeply interesting ard highly i'm
portant


The warlike tone OF American journals respecting
the claims OF the United States to the ~hoe oil the
Oregon Territory had aroused the British press and
Government The former had come ont boldly, and
declared that Great Britain could not aud must not,
under any circumstances, rclnquish her rights IN
this territory, while the latter in the shape ef Cab
met Councils had instead Of opening the ports, as
was expected for the admission OF foreign grain,
been very active according to report, in preparing
for war The greatest activity prevailed al all the
dockyards and immense warike preparations were
being made-such as had not been known for many
years


The Great Western arrived at Liverpool on the
2lst ul, and the intelligence which she conveyed
with the opinions Of the American people on the
Oregon question, caused quite a panic The news
by the Caledonia was regarded as OF more pacific
complexion


The Presidents Message was looked for with the
greatest anxiety II was argued that upon the sen
timents entertained in this document depended the
chances Of war or peace between Great Britain and
the United States.


Cabinet Councils have been frequent and the Min
listers are sorcly embarrassed. Their hcsitancy and
delay in regard to opening the ports give great adj
vantage to their opponents, aud ii would not be
strange if the next steamer should bring news OF
the accession of Wing Ministry


Lord John Russell has come out in favor OF a re-
peal of the Corn Laws, and Lord Morpeth has Join
ed the League.


Parliament would not meet until the 18th inst


The failure Of the potato crop in Ireland, the rap
id decay of potatoes in that country and the threat
ened famine there were subjects which alarmed not
only Ireland, bat England


The Consol market was greatly depressed-n-
deed, we do not recollect when the quotations OF
Government securities have been so low. Only Il
few months since Consols were quoted at 100 and n
fraction over-but within the last three weeks they
have dropped to 94i land this great depression is
attributed to the warlikc attitude assumed by the
United States.


Trade in the manufacturing districts continues
dull.


The report Of the Liverpool Cotton Market for
the week ending the 29lh ut states that Cotton has
been in improved demand throughout the week but
the market closed heavily, at decline OF ID per 10.
from previous quotations


With regard to the London Money Market. an in
auenial Monthly Circular says that before February
the intcres, cf money will Iros"Dly 1s ,i
rate of per The minimum rate of the Bank
of England continues fixed al p per cent


Englnnd.


LORD JOHN RUSSELL oS THE hEPEAL OF TIE
CoRN-LAws--A very remarkable letter from Lord John
Russell to the electors OF London appeared in the Morn
ing Chronicle of the Goth ult His Lordship applies him
self questons-frst, the disease in the potato
crops which he snys seriously affects parts OF England
and Scotland and Is committing fearfu! ravages in Ire
land and mex, the defects in the present Corn Law
With reference to the CornLaw he says IL coniess
that the general subject my views have in the course
OF twenty years undergone great alteration fused to
be of opinion that exception to the general
rules political economy bat observation aud expert
ence have convinced that ough, abstain from
all interference with the supply OF food Neither Gov
market with the beneficial effects which the entire free
dom of sale aud purchase oi themselves TO pro
duce. 1t is no longer worth while
10 contend for fixed duty Let us
then, unite put end to system which has been
proved be the blight of commerce. the bsne ofsgrcu
ture the OF bitter diysons: among classes. the
of penury fever, mortality, and crime among the
people. The Government appear be waiting for
excuse TO give up the present Corn Law Let the pco
ple by petition by address by remonstrance afford them
the excuse they seek. Let the Ministry propose such
revision OF the their opinion may render the
public burthen Joint and more equal let the;n add
any other DIVISIONS which caution and scrupulous
forbearance may suggest but let the reuAl Of rcstrc
tons the admission OF the main articles of food and
clothing used by the OF the people be required
plain useful To all great interests, and ndspen
sable to the progress OF the nation


LORD MoRPETH THE CORN LAwS.--Iu q
letter dated Nov, %, and enclosing donation to the
League, Lord Morpe'h writes as follows


"You will probably remember being present upon
occasion when amidst strong surrounding induce
ments forsbore from pledginc myself the entire
ofthose objects Al that has since in,sryonedai
especially that is occurring-a feow.feeling with
my old friends in the Riding, athough less than
anticipate any probable renewal OF political connec-
by the AniCorn law League 20 advance their end
alike combine TO put end TO all farther doubt
my own part, and write this without concert
ar consultatiou with any one else


1.-THE contribution enclose for your Immediate pur-
poses is very riaing would not be easy
foresee what calls may not be made upon any OF in
the of the ensuing year but wish 10 record in
the most emphatic way cSnny conviction thsthe tim
10 for dra repeal OF the Cornsws ana my pro
test against the continued inacon OF the State in the
present emergency.


The European Times aluding TO the letters of
Lord John Russell and Lord Morpeth says The
sation which Lord John Russes letter has excited
proportoned to the station OF the writer the important
interests at stake and To the combination of parties
which 1t involves Many regard it the doom OF the
existing Ministry II is certainly the doom OF the Corn
Laws There is hearty frankness about the letter
which wins regard and concilates respect Ills Lord
ship has long been known AS the advocate of fixed
" corn the Whig budget Of lSil fixed the duty
high per quarter but the intervening years have
witnessed considerable declenson from this figure
the part of Lord John Russell and now. selecting the
present moment OF scarcity and apprehension. he repu
dstes all duty whatever and goes fG in his condem
nation of the present Corn Law Golden himself
the enthusiastic Lacquer Asa stroke of policy this
movement of the Whie leader is admirable, and i,
would appear has been followed withou, concert by
Lord Morpeth. who has not only declared for total
peal, but has joined the league.


i;is regarded extraordinary ihsi Sir
Robert Peel should have seized the threatened fam
Inc with avdisy the most promp, and ready means
otputing an end to system which has outlvcd the spi
III OF the age and is opposed sl onward progress
That he has allowed his rival oresta him the oues
aon Is not only personally humistng bu; involves i'm
poian political changes hereafter The bonds of aity
between the Wings and the Free Traders viii be drawn
nsaser than previously the Opposition will presen,
@ e compact and unbroken hne; above all the spirit
ou. =, uso.s..ns' public opinion upon which hangs


eAistence-has been shocked a, the insp,i,ude
the inability or the unwilGncness 10 NEE, vrsnS sr
hEa fhs Nroa