NEW YORK. THURSDAY MORNING. APRIL II, Is45
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JIfCs


will SIT more gracefully on the shoulders on which
1t has now descended-but the commencement Is
perilOus.


Connected with this topic may be mentioned the
notice which Mr.. Tyler's message on the slave
trade has commanded in the House of Commons
Sir Robert Peel, it will be seen, pointedly referred
to II, some one having conveniently put a question
to him on the subject, the better to enable him to
correct The ex-Presidents errors in that document
Mr.. Tyler blundered sadly in the matter of the
free blacks taken to the West Indies; but there is
too much reason to apprehend that his statements
are correct respecting British capital being COM
bined with Aleghanian ingenuity In carrying out
slavery through the medium Of the Brazils The
Duke de Broglie has arrived IN London, and the
conference is now sitting which is TO decide the
future policy Of England and France. II is under
STOOD on all hands, that the substitute for the right
OF search which he proposes, Is blockade OF the
coast of Africa by the two powers, joined, OF
course, to the squadron of Alleghania already
there for that purpose. The right OF search


IN its most obnoxious form is thus given up;
but the substitute, inadequate as the former
system was, promises to be still more Inefficient
The saints stir not while the right of search is
thus thrown to the winds before their eyes-the
best proof, we suspect, OF their belief In It's failure
as preventive. To the sagacity and firmness OF
the Alleghanian Government, every credit is due
Tor refusing TO join the other powers in system
which is thus so unceremoniously surrendered
after all the poher II created, the jealousy 1t excl





mers Times. March %.


Iron TRADR.-We copy the following from the


Wolverhampton Chronicle of March l2:-"The
recent rapid advances in the price OF iron are
bringing about their natural effect; and although
the present position of the trade, taken generally, Is
a cause OF congratulatlon, yet perplexltes OF no
ordinary kind, have attended the great and sudden
variations of price which have lately occurred
The raPidlty OF the rise is beyond all precedent,
and has dsarranged the plans and calculations OF
many OF the most prudent and tar-slghted men In
the trade. As an instance we may mention that a
heavy contract for rails. to be delivered at Hull, is
now in course oil fufment at 81. 5s per ton,
while in another instance H. per ton is the con-
tract price tor the same article More cases than
one OF these low contracts have been mentioned
to us, and these facts must go good way to di
minlsh the advantages generally supposed TO be de-
rived in this district, from the high price now pay
success to ascertain the selling prices Of the COM
modify in it's different branches. Nothing like Q
fixed or general price can be quoted 81, o. 5s and


81. los, being asked for pig iron, but sales except


in small quantities, at the first figure, 10 persons II
want OF the material, could not be ascertained =


The price of bar iron may be taken to be from l0I
| to lW. los. per ton. Some degree OF surprise IL


felt in this neghborhood at the quotations of Scotch
rent price being stated at d. los. land 6. demanded


Generally. Scotch pigs rule from l0s TO los. per ton


below Stafordshlre pigs, and this price is looked
upon here as The effect of speculation A further
advance is by many persons in this neighborhood,
thought unlikely, but quite as many think the price
has not attained its limit. In all the works the
greatest activity prevails, checked in some in
stances, however, by short supply OF coal. The
wages OF all the working classes connected with
the trade may be stated at about thirty per cent
higher, and employment, OF course, is easily OBJ
tanned. Foreign orders, as might be expected,
have received check merchants and factors IN
only very few instances venturing 10 buy, OF be-
halt OF customers unacqnainted with the rise III
price, at existing rates."


BRIrIsH ALLEGHANrAN LAND CoMPANY.-On
Thursday the annual court of proprletors in this
company was held in the board-room in Buckers-
bury, the deputy governor IN the chair On account
OF i'll health, George Robinson had sent IN his re-
signatiOn as governor OF the company. Mr.. Cum
mins then proceeded to read the report, of which
the following are some of the leading points ''The
sales OF land, during the past wear, to bona de set
tlers have amounted to S2462a acres, for sum OF
per acre. The general progress OF the business dur
Ing the year has been OF very satisfactory charac
ter. The commissioners report thereon will be
read at this meeting. The English shares stated to
annual meeting, have since, under the direction
given to the directors, been reclaimed and fully
paid up with interest, except IN two cases" Mr.
Gillespie then followed with the report OF MIR Gait,
dated Sherbrooke, January 25 which states IN sub


stance that the sales in land were less last year than
IN lS43, bur that this was fully anticipated, because
The returns OF the previous year included all the
lots occupied since 1887 by the settlers at Victoria,
ond comprising upwards Of 1000 acres, and also
from other causes The average price reased for
the company's land had increased from lOs 03d. to
lis. 0ld per acre. All the liabilities incurred had
been met by the amount received, and there was
a surplus OF El 500 over expenditure. The ex.
penses of management for the current year were
estimated at 81, $50.


CANADA CoMpANY.-On Tue sday the half-yearly
general meeting OF this corporation, formed about
and settlement in Upper Canada, was held at the
Canada House, London, tor the purpose OF receiv-


ing report ihe state of the affairs OF the compa
ny, for the election of deputy governor, NC.


The parties who had retired by rotation were re-
elected


The Governor read the report of the directors for
the year 1874, in which were detailed the number
of acres of land sold and leased in the past twelve
months, which showed the rapid extent to which
settlement in Upper Canada Is progressing. Mr.
Franks stated, in elucidation OF the fairs of The
corporation, that since the year 1877 about
the lands the company originally purchased had
been sold or leased under the new plan. A propo
sal had been made 70 her MaJesty's government by
the directors, to manage the whole OF the Crown


lands in Canada, upon cheaper terms than the GO
vernment could itself do it, An indirect advantage
would be thus secured, as whatever tended to


increase the ivaue OF land generally ia the colony
must benefit the Canada Company. The Canadss
possessed advantages over all other British colonies
for industrious small farmers. Such could obtain


position in society there, whlle II they remained
at home, they would siuk into distress As one
proof of the prosperity of the comparative poorer
class OF settlers In Upper Canada, he might state
that in the last year the company had RENTED TO
England, tree of expense, TO poor trends OF par
ties the lands Of the corporation, E4l4l l2s I'd.


in sums of e. E7 and E9 each the numbers OF
such remttances being sos. And IN the last two
months, there had been RENTED for the same pur-
poses, El267 rs. ID, in 136 remittances Not only
therefore, could the poorer but industrious class OF
settlers in Canada do we'll there, but very many of
them could assist their friends at home. The Ca.
NADIA Company, in the last year, had remltted
EGG 900 to the colony, as great difficulty bad been
experienced In obtalng money upon the security OF
land, &c. in Canada on trust; and loans funds had
been formed, from the operations OF which the beet
results were anticipated The COLONY was alto
gether in most prosperous state. The court was
adjourned


SPRING TRADKRs TO CANApA.-The European,
Albion, and James Campbell sailed from the
Broomleaw for Montreal direct on Monday last,
the Caledonia and Erromanga on Tuesday, to
4 eli. al. T.,n nrnssy