Alexandria Daily Gazette, Commercial & Political

CHRONICLE NEWS.

The news which has lately arrived from England, has been not at all suited to the palate of the Chronicle editor. He tumbled and turned the papers over and over-nothing but resistance against Bonaparte and brighter prospects for England not a word of it could be relied upon. Amen, said T. W. At length came captain Hopkins, a passenger in the ship Washington, which arrived a few days since; and as he is one of their own sort, they have cruelly fathered upon the poor man, the substance of a paragraph, ridiculous enough. Let us take it up.

"Latest from London. By captain Hopkins a passenger in the ship Washington, arrived here yesterday from London, which city he left on the 12th of July, &c." Here is an untruth in the outset, to do away the more recent intelligence which we have received. We have seen captain Hopkins: he left London the 5th July. He was about 70 miles from London on the 12th. "We learn that the embargo had produced and was producing the best effects in England." This is excellent, for the papers of all parties have been so quiet on the subject that we had supposed our embargo was hardly known. "Captain H. received assurances from the best informed merchants in the American trade, that if the embargo continued a little longer, the most distressing effects, would be produced by it." Just now it had already produced the best effects. "That unless they received a supply of flax within one month, the manufacturers of that article would be obliged to shut up their manufactories." This must be acknowledged a wonderful effect of the embargo, when nothing is more notorious than that England does not receive a handful of that article from this country, when there is no embargo. If coal grows scarce at Newcastle it will be another irresistible proof of the embargo. "That all kinds of American produce had risen to a most exorbitant price." If true, the immense quantities lately shipped from Canada and Nova Scotia will bring a profit to the shippers; but we cannot find by the "prices current" which have been sent by merchants to their correspondents here, that this is the case. "Beef of the most ordinary quality commands 22 dollars per barrel." This is another article which makes no part of our exports to London. What effect therefore has the embargo on the price of beef? Mark how ridiculous men make themselves who attempt to bolster up the embargo. "Flour 12 dollars."--A price current of a later date than capt. Hopkins's departure from London, quotes the highest price of flour at 10 dollars, and likely to fall, as the crops were very promising. Flour has been 14 or 15 in this country. "Tar 14 dollars." We have before us the Liverpool price current of July 7th, in which it is stated at 45s. 3d. a little more than 10 dollars: and a letter from an American merchant in Liverpool some two or three days later says, Russian articles had fallen 20 per cent. "Pot ashes 400, pipe staves 45 guineas per M." Both of these articles are higher than the price current. "Lumber, any price which speculators chose to demand." A fine chance, if our eastern brethren were allowed their usual trade. Has lumber risen more in England than it has sunk in Maine? Who are distressed most? John Bull does not eat timber, nor staves: in Maine provisions are bought with lumber. "If these effects have already been produced by the embargo, surely it would be unwise to relax this defensive measure,"&c. Surely it would be unwise not to take it off as soon as possible, as the prices are evidently falling. The competition appears to us hopeless on our side. Reader, take this as a specimen of news that "may be relied upon," and as proof positive that the embargo has produced the best effects.