In the course of a meeting of the Manchester Chamber of Commerce which was held Intely to consider resolutions embodying approval of bismentulisin, sve of the apeakera referred to the deondence of the Liwonshire foreign trade, Much of the alleged falling off was attributed to the decline in the Value of silver; Tuto that question we have no intention of entering at present, Wo have " good deni of sympa. thy with the opinion of Mr, Goschen which one of the speakers quoted at this meeting—that the currency ques-ion lad made more people mad than either love or religion, What we would now direct attention to are some slatements which were made at this meeting relative to the undoubted inorense of Judinu manafactucing industries, of the suies of their productions in and Japan, The mover of the resolution sade the following remarks, which were intended to support his contention that low atoning exchange in the Enst afforded @ practical protection to India, and, in consequence of thie, ho argued Unt ab the best, Kuglish trade with Lad only been holding its own during the Inst wix yenra; that it lind lust all its olustioity, chiefly from the dis organized condition of money matters in silver using countries, Admitting, however, that there was oer ble exaggeration in what was suid in about the inorense in the Indian manufacturing industries, he made the following statements to show how this difference was telling against the Bug-lish business:—~" In yarns, for instance, for China and Japan, while trade from England in five years shows a decline from 47,000,000 Ib. to 38,000,000 Ib, or 18 per o the exports from In to the same quarter allow a difference from 28,000,000 Ib. to 65,000,000 Ib. an inorense of 150 per cent, Ihe trade in goods is also increasing very rapidly, while Englich trade, we know, with these markets is declining." The al-tempt Lo attribute the loss of a portion of the China trade in cottons wholly to the fall in the price of silver shows a very inadequate appreciation of the trae state of the case, And as there is nothing in the report of the proceedings at this meeting to show that the members understand what Lins taken place in the yarn market here, or have any perception of what la necessary to be done by them to maintain or recover their share in this trade—in which they are not by any moans peculiar—me shall explain what has really occurred. The great increase in the trade in yarn in Chinn is capable of @ more natural explanation than that it owes very much of its prosperity to the differenog in rapee values. Bombay yarn resembles Chinese apri yarns more closely than English yarns do, and is therefore more easily worked by the native weavers, and probably from the looseness of the tnat it is lees [TEs ie queen well cuon io Ade chester, but though there was at least one merchant present at the meet ing who is perfectly acquainted or ought to be, with the true causes of the great expansion in the trade in Indian yarns here and in Japan, he did not enlighten his fellow mombere of the Chamber, but left them to that the success of Bombay yarns in China was owing to a change in the value of silver. The great bulk of the business done, at all evonta in the orth of thie country, in yarn has been in Bombay spinnings for the districts which Chefvo and Tientsin supply, bat uow the up river merchants are also turning their attention to them in preference to the English makes. 'I'his was to be expected. Bombay has, beaten Manchester, lins curlier axcertained what would best s1 @ Chivexe, diaud the latter, who in this as in! everything else know exactly whut they want, give the preference at pre. gent to the Indian yarns because they know them. Somewhat in the same way Manchester allowed Ameri. can manufacturers to obtain a rent position in the markets for drilla and sheetings, in the north of Chinn, and in other departments of trade the same trast in the excelleien of their goods and want of "push," hax deprived English manufacturers of oppor of extending their business, cor in those now articles which the Eh require, The belief seems to huid among them that they do not require to seek for orders, ut these will come to them og a matter of course, nud this curious blindness to what is passing around them continues, notwithstanding a most active and iner sing competition from almost every quarter of the globe, We miny give one instance of the negligence of their own interests which is sometimes shown by manufncturers, and in this cuse by the most eminent English firm engaged in a certain manufacture. house had Lad many dealings with the Chinese authorities, and we do not understand that there hnd been any complaint of the goods supplied. But Inst year the firm sent Lo one of the arsenals a piece of mechanism of such superior quality that it at once attracted the notice of the' officials, They asked why they hud been unable to get such articles, either in England or in other parts of Europe or in Americn, and there is not the slightest doubt that if the officials hnd known such goods were procurable they would have given Inrge orders for them yours ago, The articles were made in the ordinary course of business by the English firm, which bad turned them out for year, but samples had never been submitted to the Chinese, and the opportunity of doing " large trade lind thus been lost. From what we hear this is rather a common occurrence, chore ie Lee Se ant sane Dickens' novel of "Hard Times" front the charge of duluess, it is the promi.
at position coeupied in the book by Mr, Sleary's Horsomunship, Rendord [disgusted with Bounderby and Grad-Igrind and everything connected with Coketown, have been ready to throw the book away and deny that it could jover lave been written' by the genial humourist whose death eclipsed the gaiety of nations, but they have been drawn buck to it by Sisay Jupe and Mr, E. W. B, Childers, by Mr, Sleary and Merrylegs. he Circus appeals to everybody; there ix nothing Unt can cause so happy a fooling of anticipation to possess a town, us the news Lint" circus is expected. The track proprietor of Horsemanship, a Sleary or a Chinrini, is followed in the news papers with intense interest, Hoe Ins [actived at Singapore, and has gone on }to Manila: there is grant anxiety to know whether ho will go south to Australin, or will really come up to Chinn, He has reached Hongkong, nud so ix only three days off, and is raully coming here, Then our impatience is prolonged by his going to M bot ut inst all donbis are get ut rest; the [erection of m mut temple ly netunlly Joommenced on vnonnt piece of lund in Hongkew; and Gully the joyful nows comes by wire that the virons with its horses and ponies, ite trained elephants, its lions and tigers and cynocephalas nnd emus, las definitely sniled from Hongkong in a P. and O. steamer, [and passed Gaizlnff. Sume people like apers, and are wont to gently regret that Signor Cagli iis never returned to Fas, and that the Mascotte troupe is broken up. Some prefer the drama, [and hope wistfully that " travel troupe will be heard once more in the Some, who regard their fustes 10 cultivated, wre content with converts: it is enough for them if their ears are delighted with douontonations Jof sweet wounds, and they regard iving the desire thnt the eye should be gratified at the enmo time, Some, of the steady puritan oust, regard all forme Jof the drawn as wickedness, and ce sider the seductions of eeculnr music uvontions of the evil one: but everybody delights in the circus, From our first youth we have learnt that "the horse is noble animal and useful to man,"
Donn Swift taught us a little Inter in "Gulliver" that the horse in his" highest development us the Houyhelium is a very much more reauea animal than the ordinary man or Yahoo, It is only of Into yenrs that we have {been assured (hat the intelligence of jthe horse has been enormously over-[rated: that ho hasan extremely narrow brain and very limited powers of thought. Lhe respect in which the [horse has been held for ages hus been Lcoupled with n general wonder that he should ever Lave allowed himeelf to be laubdued by man and relegated to the meet servile tasks: it has flattered the
Text read from the printed page and cleaned; old type leaves the occasional error.