have received advices to a similar effect, and they despatched th powers proposes that the canal shall be free for the passage of all ships in any circumstances, and its in fature, ies are to take place in the canal or its approaches, even in the ovant of Tarkey being one of the belligerents, and the time which ships of a belligerent 6 to be limited. Only Egypt is to be excepted from the operations of these clauses. These, with the prohibition of fortifications on the canal, are the main proposals of the English Foreign Seoretary, and it is likely they will be assented to by the powers concerned, or by a majority of them. If they are maiataiued they will constitute the caval a highway of commerce and nothing more while Harope is at pence. In the event of war oconrring in Harope between two powers having groat interests in the East, the command of the canal would be in the hands of that one which could hold both ends of it and keep it open. If Lord Granville's proposals are rejected it will probably be because they do not provide for the contingency of a European power, having interests in the East to protect, being desirous of sending troops through the Canal at the same time as it was engaged in war in Europe. England, with her enormous Indian Empire, and the interests which her subjects have in other parts of the world to which the canal leads, could never assent to, far less propose, that the quickest way by which her soldiers could be sent to the Enst might be barred against her. The increasing size, power, and speed of steamships may by and by make the canal of less consequence to us in time of war—as some people who should have kaow-Tedgo of the subject have said—but in the menutime it should be made sufi cient for our commercial wants in time of peace, and kept open to us, if we keep it open, in time of war. and Paris in connection conspiracy.
Congress has abrogated the fishery clauses of the Treaty of Washington.
'2nd March.
Text read from the printed page and cleaned; old type leaves the occasional error.