From tho N, o. Merchants Trapscript.
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THE NEW SUGAR DUTY.-In the following ar tcle, winch we extract from Wilmer & Smiths Times, it appears that an import of "slave-grown sugars" from Venezuela into Great Britain has been admitted at inc reduced duty. under the ''most favor ed nation" article of treaty. This decision is Impor- tant to our State, as Sugar produced in Louisiana being presented under similar circumstances, must be admitted al the same rate of dnty. The matter however. will soon be tested practically as we under stand that several experiment. shipments are now making from this port.

 ''The attention of the daily presses continues to be fixed upon the termination of the treaty with Braz tine retalaiory process of that country and the con. sequences involved in it. While thus engaged, case has arisen relative to the admission of slave grown sugars, which coupled wIth the decision of the British government, has produced startling effect. vessel recently arrived al this port from Venezuela Ia. where siauery esists with few bags of sugar, which were entered al the Custom House, as coming under the act of last session. The officers properly refused to acknowledge the sugar as the pro- duct of a country uncontamDated with slavery, but the owners, thinking, perhaps. that faw in lhe act would favor tlleml-Or an eminent lawyer declared that he could drive coach-and six through any act of Parlament-peit itioned the Board of Gus toms The affair was brought before the law officers of the Crown, and the result s-astounding as it may sound-that the sugar has been admitted at the low rate of duty! The ground of the admission is that

 the Venezuela treaty contains what Is called the 'most favored nation article" The Morning Chronicle de- scrlbes this the bursting of the ministerial bubble. "A piece of humbug, says that journal ''al once the most clumsy and ibe most audacious ever attempted to be practised upon the humane sympathies of people, is about 10 be exposed to the laughter and contempt of ibe world. There is no room for any more shufflinR Slave sugar is coming into England nt reduced duty. It is coming in according to law according to the law introduced by Sir Robert Peel and MT. Gladstone last summer, and it cannot be kept out"

 fr,-

 He is in frequent communication with the British government, and he will wait, most probably, until be receives instructions from home respecting further negotiations The general impression is, that during the ensuing session of parliament, the sugar duties will undergo another revision, and before Brazil finally dvorces herself from England. terms will be offered her the most favorable which ministers, hampered they by the tactics they pursued on the oppo- sition, bench can concede. It is tolerably clear, from this Venezuela case, that consistency will not close the door agaInst concession, for, to admit the sugar of Louisiana is equally legitimate, under the circumstances. ss to admit that of Venezuela"