The Liverpool Standard and General Commercial Advertiser. — Liverpool, Merseyside, England, 1849-03-06 00:00:00

as our )ciation, has been ag the past week. local bod not our and revilers of pages TO CORRESPONDENTS. that the r n Ettnrpool Optanbatt. 1Y MOR NINC !ARCH 6, 1849 tirred fr the prosperit naval supremacy of ported back, by the The objec to the 3 a reproach to be we of fatherlar of conceite we cou possible that, daring iabitants tween ti the old mottoes Incumbent ca s of I father of his foci ~oulde nts of all and car I tual destitution, but adminis tort' manner. The whole case is most illustrative of the wisdom of the adage, Ne sutor, 6-c.,—one which 5y our financial association and some others, here and ssue would elsewhere, would do well to remember. .--............. — ,nation sought for by - is week's publication. WE noticed on Tuesday last an intended motion ttant meeting on the sub induced us to omit several or , Lord Ashley, for a commission to consider the , rwise have appeared. mode and practicability of subdividing the densely populated parishes of England and Wales into district, or separate, parishes. On Thursday even ing, his lordship brought forward the motion in question ; and we are happy to say that it was received by, with the exception of a few bitter and Soot was up in earnest impracticable enemies of our church, an almost 1 its lethargy of years unanimous amount of parliamentary support, the ty of division in its favour being 111 maiori+— - • miserable minority of 18 membe- and scheme of Lord A ~ ; atnst a Ashley's pro- ,ca measure is one which has long wanted car _ rying out; and without the attaining which, his Ships, colonies, lordship most justly remarks, the church cannot ,eralism had risen have fair play, or an encouragement to put fr ' her energies. In our large towns her pa -tern cannot be said to exist. It is utterly im 'e can exist that intimat and t of lesser pope be sa Lion, where t only relieve their spir by his counsel 'erpool relief of their - tempora )efore him, and ante to that which he aid alone ing a shil ' that, even urance which he w offer that so desirable a change a nt excitement and he proposed could be carried out, by )oth Whi h truth assert that never, of the Church its highest, was a meet- ling from the State, we do not wonder nfluential and so worthy in the present utilitarian House of Commoi d to, as that of Thin 8, without ay I lordship was able to c y with him an overy not witness cal but of ling appeals to th )rmed and comnl Brights and Hum rntaneous and pro mr it I minority on ti )Or ern human nature to t pt bv : .t 1 e be an abomination in their eyes es of the min avigation I power, or any other power, is preferre John Bright to a " parson power," although o ____ They were n the other to a better life, here and hereafter are proud however to observe that . . his s. crowded as it w )n other suhiec venters ey wez Ilery, Crowded t intelligent midd art, and go far to Vlanches to be seen ;h the e ntion of the monied portion to the effe< nmunity ly of the .als -and a its city articl 3 ooted the question ; and Nve need and a sup, s Whig go ouosition : ant a guar Our contemporary lonopolyAsso at fact man in California were -kno. unworthy o We give the conclusion at which 1 t whose intere arrives t of the Ler in the Gov Such a demon leeply interestec 'erely do we wish le expre ton occ n the two r iwlins and Boult If the speakers, Mr. t of the Board of in the position of amongst dis- feeling is NocKpon—lVlT lourable both to his head and ty of the accounts received he subject, " even if every I of I specially with the ntimen the rel whici ns" cut zrappled jy experience I. intelligent audience. Of course the: he effect which the Dn the public and the every n ;ed by alocal a ?an of We are reminded idience consisted of .nd other operatives connected de." Wonderful, indeed, it tem o ;sea could have been question so vital to ye say, to the " sea connected with the be very )read of ren, sought to be flagitious measure of these ooe )w no more of the ►vigation Laws than s sufficient that they er, from m experi of Whig-Radical terests of the irody, in their own the Trojan, tubed to the Re- s. and to the cor Ich bodic :er of anzsm, ap 3e. devil's 3 by Mr. 1r circumstances, and also by the various compen 3 and adjustments which will be brought to bea on them by the simultaneous disturbances which ar taking place in others. The complicated nature of then will emillnir and rtArnice: all minds • gar•r; tag. ;•-• 'AT r E.l.r, •:•-. .en our specul tit would result e is nothing novel in all thi Lan who has devoted the sliJ consideration to the subject must have contem plated as the result of any considerable addition to the stock of gold in the world, or even of the as sured prospect of such addition. The change will, arily, be gradual. Under the monetary sys this country we shall feel, first, a plethora of currency, arising from the removal of any probabi .aciencv in the of its With su an increase of Cu a certain con commodit iestion wil ency we shall have equence, a rise in the price of all .s compared with flint vniinforl lan- turesto predict 1 pound ;" and where the rise - he must be a bold man who It is impossible to determine our supply of gold to produce - any definite deprec ation of its value. It is sufficient that it shall be in excess of the demand for it as money to produce the downward movement in its price, and to bring it within the category of a commodity, dependent part of the subject the writer in the Times shows a little want of information, combined, however, with " As regards the public funds and the prices of various .escriptions of property, it seems obvious that no alters ion in price should result in the case of annuities of any escription, because these annuities beinz navable in cold relation to ti concerned, Co should not be affected. If the ;ed one-half, the annuitant would hase only what he can now obtain were to sell his £lOO stock at 94, lasing ix,. __ product to - , sons the rate of discount be only £47. For the same re _ .. would remain unaffected. A man in business requiring £lOO now, for which he pays 3 per cent., would then require £2OO to exchange for the same amount of com modities; but although he would thus employ £2OO, and pay £6 for its use, the alteration would be merely nomi- 'er, which is at present e On the other investments in real pr houses, ships, canals, bridges, mines, & 1 assume a nominal v THE LITEIIPOOL much too high as compared with the funds that the quiet holder of the latter might after all be in the best position. One thing is certain, namely, that whichever way the public rush the movement is sure to go too far, and that hence re-actions will occur such as to show those who do not stir at all that they have not suffered much by their supineness." It has been contended by the bullionists, and not long ago we had the argument from the Times itself, that the effect of the supply of gold from California upon the currency would be counteracted by its increased absorption for domestic purposes, and its more extensive use in the fine arts. On this question, the writer, upon whose views we are now commenting, entertains a changed opinion. He says justly : " It would require a considerable fall in the value of gold to bring it into greatly increased use for domestic purposes, while, on the other hand, the least commence- , ment of a decline might create a silly panic, which would not only bring hoards of plate upon the market, but would also cause persons to forbear from purchasing : while, as regards the less productive mines, the immediate effect of the Californian competition will be to stimulate the use of improved arrangements, especially in the Ural and Siberia, by which much larger quantities may be ob tained with the existing amount of labour. The avidity with which other traditionary gold mines in Central Ame rica, Borneo, and elsewhere, will now be sought out, must also be considered." We pass over a portion of our contemporary') remarks, which is rather of a twaddling character and shall give the conclusion at which he arrives " Looking," he says, "at the complicated interests which are liable to be affected, it need hardly excite sur prise that propositions have already been put forth in England for an alteration in the standard, in order to pre vent the threatened changes, it being urged that, without loss of time, silver should now be adopted. It may be feared that, apart from what must take place on the con tinent from the effect of a great supply.of gold, neither silver nor any of the precious metals will henceforth be regarded as very changeless measures of value. Be this, however, as it may, there can be no shadow of a plea for attempting to alter all existing bargains, merely because the terms have turned out more favourable for the debtor than was expected. war the reverse was the case, but fulfilled to their strict letter, and the same were then ustice must b dities, and there can be few who have not at times spec lated as to the possibility of a suddenly increased supp such as had once already happened from the cl scovery of America ' and which from unexpected c au s es liable to happen again. The contingency has been before us, and those who have overlooked it must not ask society to relieve them of its consequences. There is no reason to suppose if gold had beromp It.va nimmiant whip}, was quite within the range of probability, that creditors would then have called for a law to enable their unfortunate debtors to pay in silver or in any other different metal In 1823, when such a result was lutionists of South Az of. Moreover, it s heard is quite certain that if the debtors at the time when they made their contract had bound themselves to pay not merely in gold but in whatever metal might Cheaper, they would in case gol we been entitled to better terms ar as pr Lry that th ;ent outlay on this come wa [eaving £13,000 F-year, as a of profit set throughout t Mr. E. T. MOZLEY objected to more money being ex pended on the faith of promises made by coal owners The CHAIRMAN considered tt the promises ere was no reason to guarant Mr. MozLax the force of being a written document as of opinion that it was folly to go on spending money, and proposed that operations should be confined to the line in its present position. Having in quired the length of the contemplated branch, and being informed that it was 1 mile, he wished to know how it happened that so large a sum as £13,000 was required for its completion. The CHAIRMAN said that it was necessary to cross the canal and the road, and expressed his strongest confidence in the undertaking, which was necessary to enable their line to compete with others. He again referred to the ,gemen ers who Mr. MOZLEY pointed out the Lone would probability that existed of this supposed - accession being - a real injury, inasmuch as the neighbouring coal owners might decline on that ac count to support the line; and adduced figures from the report with a view to deter the directors from engaging in what he considered an undertaking of a doubtful nature. Mr. CHARLES HOLLAND said Mr. Mozley mistook their financial position, and forgot that nearly one-third of the line was represented in their pockets ; he took the present half-year's income, £1,709, and added for the other half of the year £1,709, for the saving by the Sutton Plane alte rations, £2,004, and then supposed the falling off in this year's traffic to be recovered, X9OO, and for the Blackbrook _" 000 ; total £7,300. ; but Line a profit, above ich would make the gross-surp'lU per annum, —_ £19,100, and show oetween four and five per cent. on the present total outlay of £420,000. As to the branch line ad, no sort of doubt'could exist, as it would 3fit of the coal proprietary to send their pro and he believed that• the demand for the arti- He went on to point out the sure ad `he completion of the branch, and be to ben, duce by ra cle was unliinited pleasur( .t in second the adoption of ihe report. Mr. MOZLEY did not agree in the favourable position in which Mr. Holland had placed the affairs of the company. The CHAIRMAN reminded Mr. Mozley that the railway £lO,OOO. more than the amount of the original subl Mr. MOZLEY was aware of that, but maintained his opinion, and after some reiteration, expressed himself un- warn them before they rashly committed themselves. Mr. JACKSON, after being 16 years a proprietor, found position than at the commencement of himself in a worst the undertaking. Something had been said about large proprietors having an interest in carrying out the trust profitably. It was all very well for gentlemen to talk about being large proprietors, but he had paid more for ten shares than perhaps they had paid for 200: he should oppose a further expenditure of £13,000. Mr.JACKSow, jun. complained that no public announce ment of the intended contract had been made ; he was Op posed to close contracts. - Mr. JONES coincided in this opinion, and adduced the practice pursued by government, which was invariably tc offer their contracts ?or public competition. The CHAIRMAN admitted the force of the observations, but felt convinced that if the name of the contractor were announced all opposition would cease. Mr. JAcxsori;jun., objected to the accounts being passed, unverified as they were. Mr. HEALEY also thought that some better plan of - - managing the accounts ought to be devised. Mr. MOZLEY contended that the excuses often made by railway directors relative to the difficulty or impossibility of rendering their accounts as plain as might be desired was trivial in the extreme ; there could be no reason why railway accounts should not be as explicit as every other description of accounts. The meeting fully concurred with this view, and this led to Mr. Jones and Mr. Simon Cros field being appointed, on the motion of Mr. Holland, to the office of auditors, there never having been such functionaries hitherto in , connection with the proprietary. Mr. HEALEY proposed a vote of thanks to the chair man, which finished the proceedings, which were pro longed unusually, considering their merely routine cha racter. 3e launched from the building-yard of Messrs. Cato, Miller, and Co., on Saturday next, a fine new brig, the property of Messrs. Harrison, Ridley and Harrison, of this port. The Niagara steam-ship had not arrived when we went sere March 6, il_t THE CLAIMS OF THE FOREIGNERS TO IN- _ -..:_---- I MEETING OF THE ST. HELEN'S CANAL , AND QUERY—A MINISTERIAL JUGGLE CREASED CONCESSIONS TOWARDS THEIR -- The fertility of the present Whir RAILWAY PROPRIETORS. 1 We were told by Mr. Labouchere, when introducing " artful dodges" is an - acknowledged facl SHIPPING. 1 '' for 1 his bn. . the Repeal of the Navigation Laws, that Returns, Despatches, and other documents ot 7,,,0t I - 6 , re i e cou „ s tries had just right to demand from us a re- invariably come to their hand just when they are ',', 00 l axa tton of these Jaws ; and that, as the alternative of our and of the complexion most desirable to enable . t rs ii not grai. Ling them, they would retaliate, and Prussia has bolster up any matter they have in hand. It fir e! been espec► '.' tly pointed to a 3 likely to take and close their advisable therefore that the public should keep t he e, ports against ug. It has also been attempted to juggle us, open, and beware of such sleight-of-hand p i 1 through the medium of the distorted statistics of the specimen of these we much suspect is eontaine" eo n Board of Trade, intd the belief that such concessions following intimation which appears in the parli o , l would benefit ourselves niftre than the foreigner ; and that - reports of Friday's proceedings in the House of L 7, such has been the effect, ihus far, with respect to our ' , Earl Grey, by command of her Majesty, laid on th e; commerce with those nations, with whom we have already very important Memorial, just received from the Asse treaties of reciprocity. The latter juggle was very ably Canada, on the subject of the Navigation Laws." handled by Mr. Mather at the meeting on Thursday. As On perusing this our attention was at once attrac t that gentleman, however, had not the precise data before the expression "just received" • and we asked our: him, we give the figures, as furnished to Lord John Rus- the question—" by what rapid ' post ?" The last sell, in a very able letter, addressed to him by Mr. Lind- steam-ship, from that side of the Atlantic, had tirr! say, an eminent shipowner in London. The document full fortnight previously; and her Majesty has 11 °' in question is a comparative statement of the tonnage in- we are aware of, any craft, whose fleetness could re wards and outwards of British vessels to five countries, worth while despatching her in anticipation of the st . with whom we have treaties of reciprocity, in the year due in Liverpool. We have heard of no previous to and twelve years after they were negociated. since that of the Canada, which was likely TONNAGE INWARDS. British. Foreign. as the bearer of an important document tc 1824. 1846. 1824. 1846. The conclusion therefore is forced 94,664 .... 63,465 .... 151,621 .... 270,801 morial of the Canadian A ..,. .„,, Go r v ar er lia n ietellit The half-yearly meeting of this company was held yes= terday, in the Clarendon-rooms, South John-street, Gil bert Greenall, Esq., M.P., in the chair. The meeting was rather numerously attended by proprietors. The CHAIRMAN commenced by stating that the half-yearly meeting had been called by the directors at the express desire of the proprietors, who had considered it advisable to have a second meeting in the year. The SECRETARY was requested to read the report, which was as follows : " Since the last general meeting, the works on Sutton Plane have been completed. The contract for working and maintain ing the road expired on the first of February last ; and the di rectors do not recommend to you a continuance of the system of working the line by contract. The directors feel confident that, by a rigid attention to judicious economy, the change will mbinv ueueuciai w the company. The directors have not, since the last meeting, undertaken any new works ; but they have the satisfaction to state, that they are making arrange ments for the immediate execution of the Blackbrook Branch, on conditions which will not involve any pressure on the com pany's finances during the present year. At the same time, they have secured from the coal proprietors on the branch gua rantees of an increased traffic, to an extent that will ensure very profitable results from its formation. The directors con .. . . ..e alteration of the Widnes Incline nce commenced ; but their anxiety to avoid cable, will induce them to restrict the pre work as much as possible. The directors le to report an increase on the traffic during lmpared with the corresponding period of on the canal and railway being £14,381 in of 1848, against £13,613 in 1847, leaving a net earn £l7o9, and showing a gratifying contrast with the prior ..r of the year. A large sum has been hitherto annually ex pended on the repairs and improvement of the canal. This will henceforward be very much diminished; in addition to which an immediate saving of £2OO a year will be made in the expense of lock-keepers and bridgemen. With the guaranteed increased traffic from the construction of the Blackbrook Branch, and what may fairly be anticipated from the expected revival of trade, it is probable that the consideration of the propriety of proceeding at once to complete the Garston Line and Docks may be forced on the directors at an early period." The statement of accounts followed, from which it ap peared that the income of the canal, during the half year, 's £7,298 7s. Ild., and the expenses £2,707 Bs. 3d., - a surplus of £4,590 19s. Bd. The railway in s £7,083 Os. 4d., and the expenses £4,064 5s Bd, surplus of £3,018 14?. Bd.,—total surplus, 4d., frorh *hich are to be deducted interest 4 9, and on balance owing to the Company, %mount of dividend paid up orr-p—re: The CHAIRMAN said he rose with much satisfaction to propose that the Report and the Statement of Accounts be received, in doing which he would make a few remarks bea►ing on the statements as they had been read from the Report, and first he observed that a nett profit of £1,709 ss. 2d. had been realised during the past half-year. The 1_ 1C v• •.• • • . halt-year ending JunellB4B, shewed a deficiency of £458, as compared with the corresponding period of 1847, but against this there was in the half-year of the past year, ending December, an excess over the same period of the preceding year of £246, which reduced the deficiency of the whole year to £212. which he arrni,....fl fn. Fn.. le past year. There lad been a falling off in the conveyance of the article of coal to the amount of 35,000 tons, which would have pro duced a nett income of £9OO, in the year. The general intmenger iramc naa nowever exceeded that of the preceding year. The Sutton line had been completed, and the directors were warranted in expecting in increase of nett income of £2,000 per annum from this ' the working of the line by the Company. With ect to the Blackbrook branch, which would cost the coal proprietors in the neighbourhood had to send by it 70,000 tons of coal per annum Denmark __ Increas Norway Sweden Decrease Decrease United States Increase Thus under Deciease some previous mail, and is part of the -)}, which Pas 82,284 convenient instruments, 113,731 hurried into a decision of an impuA 21,534 time being given to the Canadian peopl 80,649 public, to test their value. We should like to heWan explanation of the c I the detention, fora fortnight at all events, of a do 281,924 be borne in mind that not one of these five countries is in possession of a colonial trade to concede to us in return for our own—the tonnage of British vessels has increased in the aggregate only 120,028 tons ; whilst that of foreign vessels has increased in the aggregate to 502,411 tons, or more than quadrupled itself! This has taken place whilst Mahon The trade of Birmingham d ur i ng brisk, although th e d eman d f or security that, in exchange for a f ur th er concess i on on our each country was giving on ly w h a t th ey regar d e d as an equivalent for the privilege gran t e d ; b u t w h ere i s th e been district is reported to be on th e i ncrease part any one of them will give up anything in - return ? factored good Four of the countries ha v e a b so l u t e l y no thi ng t o g i ve up prices whit , worth having ; and the value of any concession by the Much fifth is very problematical. The weight to be attached to any of the ebove countries to reta iate upon us, by adc Al the Ros mmon Assizes, Off Th d to death for ti mins was conder A I not , a n S 13ENEFIT.--.1 s continue to a ireclude the poss is made about ti lo can sit overt' ; th any year n two keN r, rder of - I two famous Houses MR. WA which has increased their tonnage ... _ fold as compared with the increase of British tonn..., works rather too well for them to be lightly given up. They must be laughing in their sleeves at the folly of siars wr Englishmen being led to believe that they could be mad Mrs. enough to take a step so suicidal. The hou‘.. . The case of Russia was also dwelt upon by Mr. Labou- THE BISHOP or M.X.9 , chere as that of a country w hi c h h as a j us t r i g ht t o com- —Twenty-e d plain of us. We will leave Mr. Lindsay himself to deal magistrates, the vice with that part of the honourable gen tl eman ' s speec h : bankers, and a surg "'With her,' he says, 'the clauses of our deed o f agreementestablishment, put f or th a d are somewhat the same as those with other countries.' By the bishop, at the opening of that' treaty,' says Mr. Labouchere in his speech, 4 Russia en- he should conduct the hempi 2 a 1 •. •". •.• • • • • . •-• • ge, I sz --,- ----- nipson's ided b as a bumper ight resi the vicar of Ply o admi .rd a surgeo A promise ES IN MANCHES terms as her own ships, with some trifling exceptions.' By that did not act to treaty, he neglected so say, Great Britain admits Russian ships up into British ports on the same terms as her own ships, without Pooß-RA _ any exceptions; and by which (see treaty, clause 5,) 'her Bri- ing of the Mancnestt tannic Majesty grants toßusfial!navigation and trade all the day, the estimates benefit., and privi, or which may herd , .ecifter - be enjoyed, 1 the commerce to be 'carried on in Russian vesie s, four st Atvouieltls!= £84.444 claimed from the overse tish possessions in the East Indies, her Britannic Majesty con- of 3s. in the pound, which, together Bents to grant to the subjects of his Majesty the Emperor of all of Is. 6d., will give a rate for 1849-5( the Russias the same advantages and privileges as are or may of 6s. Bd., the rates of last year. be enjoyed under any treaty or act of parliament by the subjects A T . ' • • or ciiiiens of th inventio: to emigrants to Califor_ nost favoured nations.' Mr. - Laboughere takes No notice of these, the MA IN clauses of the treaty of reci- --.--• in Messrs. Mackintosh and Co , vi procity between this country and Russia, but proceeds in his . • speech as follows :—‘ So long as that treaty existed Russia could are emigratn not retaliate.' What right has she to retaliate, if she could Here are his reasons :--` An English ship might tal our sugar to St. Petersburg,' and so might a I and, when they to the regi Ship ; • and a Russian ship,' he continues, could not bring a wily a iew similar cargo to London.' No, but a Russian ship could bring street, is av a cargo of her own produce not only to London, but also to any BEGGARS port in those islands, or in our dominions in the East Indies, or lon any port in any of our extensive possessions or colonies. .Whe ther, therefore, does Russia or England gain most by the treaty of reciprocity between them ? And upon what ground does Mr. Labouchere state that 'the restrictions of the navigation laws are applied to Russia in respect of this trade as stringently as to any other country in the world?' and then exclaim, Was it possible of belief that Russia would renew that treaty upon its expiration, and continue a system from the advantages of which she is so completely excluded ?' "Continuing his exclamations would not be much v many important advant true di Etcarg? of I and, what is most important nd equity as well as " Stireli, my lord, Mr. Labouchere could not have examined the present treaty between this country and Russia, made in 1843, for ten years, or he would not, in a British House of Corn- mons, have uttered such exclamations as those which I have quoted." Of a truth Mr. Labouchere must be very ignorant of what he assumes to talk about, or he thinks the British nnhlir rnstrcrialln.nalyr We ?lace tlf BENEFIT OF PUBLIC BATHS a glad to hear that every - report tends only to se excellent e int of vents in a more favourable volent efforts of Mr. Councillor'Parker to have a similf institution in every ward in the town, will ultimately crowned with success. a of ( The total receipts at the baths in Paul-street, for the quarter ending the 22nd ultimo, were nearly £139, and the following return for that period, from that establish ment, will no doubt be interesting:— ' At 3d. Males .. Ar6d. Mal. At 2d. Males .. „,. Females At 6d. Males At ALges.. n Females At ls. Males ngs tor tray COLD BATHS 471 .. 119 3 181 .. 015 1 48.. 012 0 8.. 0 2 0 22 .. 011 0 146 .. 1 4 719 .. 17 19 VAPOUR BATHS, vivly Total receipts for Baths • • Children bathed gratis, Corporation School 3,891 Ragged School, Naylor-street Church of England School, Bond-street School Teachers Inspectors of Nuisances 39 Gross Total Number of 7. ubs used, AMERICA By the Wisconsin, Captain Mumford, which arrived on Saturday, after a splendid passage, we have received a week's later intelligence from New York. The news does not, however, possess any great interest. The congressional proceedings were dull. Indeed the only feature was a message from the president in relation to the much talked of Mexican protocol, which he declares to be completely invalid, as it was drawn up after the treaty of peace had been signed, sealed, and delivered, and would, therefore, not interfere in the slightest degree with that treaty. This communication had quieted the apprehensions which had existed on the subject, but, at the same time, Polk had received censures through the press for not having delivered the protocol in the first in stance to the senate. In the domestic items and dep, find that Henry Clay had sig nified his intention, if elected a senator, to support the administration of General Taylor. ATROCITIES AT CALIFORNIA.—The intelligence re specting the gold continues as exciting as ever. The following is from an official letter published in the go vernment paper, in Washington. The letter is dated Swanton, 5 pon oath for Wu W 1i•+•o nto Holy! les7,o lity of a clef 1 us, e pro( than they ever obtained : and that, in the absence of si terns, it is plain the bargain was intended to be a lite We have here, in the first instance, which, coming from such a quarter portant, that "neither silver nol an admission is most im- ny of the precious Metals will henceforth be regarded - as very change less measures of value." Except by madmen, w never remember that either of als in ques- tion were regarded as unchangeable measures of value. Had we _ left them alone,—had we not ordinary commodities, to remain amenable only to the law of supply and demand, they might hare been tolerably changeless. By our absurd and mischievous monetary laws, however, we imparted to them a variability which they could never other wise have possessed. Who, for instance, can tell us that gold in the October of 1847 was, as a com modity, worth double or treble its ordinary value ? No one. Yet we know that its temporary absence as the basis of our currency enhanced its value in effect to that extent, and even more. The conclusion of our contemporary, however, i s . . 'onsider . - have, he says, made a bargain, with our eyes open to future contingencies, and to that bargain we must adhere. We have entered into cont bought property, borrowed money, made s ments, and in other ways engaged ourselves, upon the assumption that gold was the unc- hangea __ commodity which monetary philosophers assumed it to be. This unchangeable commodity may be, in a month or two, worth only ten or five shillings in the pound ; and the fundholder, the annuitant . the mortgagee of every desci the extent of the depreciation of this metal. He had little share, mind, in making the bargain. He invested the proceeds of his life's labour, in the expectation of receiving an equivalent, not a depre ciated metal : he lent his money to a nation that he believed to be honest. The Times, however, would have that nation to be guilty of a swindle which it would require all the astuteness and shamelessness of an Old Bailey lawyer to vindicate. We differ upon this point with our contemporary. We are amongst those by whom, he says, " propo sitions have been already put forth for an alteration in the standard." And by us these propositions have been put forth before we had the slightest notion of the probability of upon the price of gold, to come from California or from any other quarter. Our own humble opinion upon the question, in its present - the British people can afford still' to pay twenty shillings for every pound of their obligations, and that such full repayment is, on th e i r p ar t, an abso- We Must add that we are exceedingly obliged to the Times for this enunciation of its opinions upon so vital a question. It may tend to open the eyes of the public, and especially the eyes of the creditor interest, as to the amount of honesty to he expected from the bullionists. These gentlemen h ave , no speculated as to the possibility of an in creased supply" of gold. Unfortunately we cannot say as much of the public at large. Nine-tenths of mankind, we believe, had about as much notion of the possibility of this practical swindle as the pen in our hands. loubt, EMIGRATION FROM LIVERPOOL We have been favoured, at the government emigration office here, with some statistics of interest relative to the amount of emigration from this port during the first two months of the present year, as compared with the corres ponding months of the preceding year. From the Ist of January to the 2d of March (inclusive), of 1848, the num ber of emigrants, of all classes, who embarked at Liver pool, was 11,295—that is, under the Emigration Act— and to these a few may be added (say 50 or 60), who found means of expatriation, individually or in small groups, in vessels that do not fall within the regulations of the act, they taking only a amall nurrator of 111,1 .12131, ClPlalve the same period of the present year the number that emi: grated, under the act, was 21,598, or nearly double that of 1848, exclusively also of 110 or 120 stray passengers, of which the returns are only made periodically at the Cus tomhouse. The number of ships that took out nearly the which is let o as a map of th inserted, underneath denote the inhabitants that give, the bla own was underlined with the former, Whicu black, and the diminished number of ca marked. fe No MORE REDUCTIONS IN THE ARMY.—We 1.11•-t !ountry The red ay issuec the Co n-Chief g mails any further dischargeOf soldiers frotiatlie ariniTthi ties in India seem to have anticipated the Governnle its truckling to Cobden and Co.—Heralc A bill is now before parliament of assurance assignable at law to mak The bi rovides ti party assigning t sufficient notice to the assurance office and to . 11 and that a memorandum on the back of the policy stamped, and executed also in the presence of a WitlY without rave of storm, but that t of his fo s retired, still hel, previously deserter' fror besieging ar, occasioned by the escalade A MOST DESERVED PIINISHMENT.--At the Criminal Court, on Thursday, a private soldie Guards, named Cooper, was sentenced to 15 veal portation, for having ftilsely charged the Rel ler, curate of Send, Surrey, with an infamous the purpose of extorting money from him. tion against the rev. gentleman was utterly and it was proved by several of the prison] that he had frequently boasted of having of from - various person St. Jam WRE( 's palace, by similar false accusations. S ON THE WELSH COAST. -On Ti shore at Trevanna, within a few mil Her name een . abandoned by her crew hooner Fame, , • laden with Indian corn, and bound from Youghal, in Ireland, ran down the Rob R The disaster occurred off Point I Anglesey. The latter vessel from Cornwall, and her mast( The crew of th s name was R ously damaged and sinicin_, but after being received on I Rob Roy was actually sinkin,,, obliged to take to their boats, which happily they reached in Almwch. The Rob Roy went do taken in tow, having floated and brought into Amlwch ,nd the two crt and make fo: safety. Thi Jowers, master, struck on t by to SHIPPING INTELLIGENCI and Harmony, from Lisbon—/ Domingo—Jam SAILED.—EIi , Jamieson, from Nc Ann Powell, from ( Les Ray, Couch, Bue Corinthian Al'nun fr 29th November. The Joll Susan, Law, from BL Yesterd about 10 miles N.W. of I Courier, fer Calcutta, has r MONDAY, MAacM s.—Wind W VED.-E and E Perkins, Gilnal 1 / 4 Les ie , llol TR'S EVEN] Is, S01)117ori;,,11 ` 1 BA kii!APPii 1);1 411. 1)XE YIN4RVILII) S DAY 11, 5 41 0 44 d tils't *.e jp." 1 1) h . 44 Ba il ( the itt.), : vr, 4111( rt +. !it ; , v 7en a w , tit !asjon.....ti Dregi)rGEeq, ti kee NI N o ot il lT.l, ure n T0. 3 . 1 val k e x lll W — E; lity, 0 ulYy P AL * F Y, ON 2,A UTE% lb., FUR ir lB6 3T' ph; AIM _~ ~ a''~at "O CFRT I "4 7, tr), 01,,r41 ) SAT ITER ) k - "• 11 1to, SF( dial._ -AN SPO To; side ( 'till co al si ted rai fll4ext," t i R. °ll Di Ab r 1071, 241 '7 . S bqta • APril ,itz t th „ _ Et T fix be 1 ', l : Hall :slB' Fe h t'lD - e'r; l Co ----- -- v 4re tittil bllu t , 4 - 1 i Nity 4 1" Rif : L bar'4 Klle V.; Fire *arc 4,, ro NeE, s 71, A,. t to 1 - I, E. 11.Ro 7 .430) E% v Etvi }lvo V O•PAP' 6 Av Ile xt `TLC 4 1 ,11 A 14! the o. e Aftl o' K tlq ,ded to con- Whole streets, he Woods and Forests, were Drtion of in the locality of peared to be let to of from Marquis of Salis- it the nominal rental ra our contemporary e proceedings in the , .. Thursday evening, in reply to a e Marquis of Salisbury to the lis Lordship stated that— . . ent miss in existed with respect he Green Park. The e this statement, that ig on that park a cer- inference . . -wised thereupon was, that that amount iced, not for the mere pieces of ground, were converted into gardens, but for the nd all other appurtenances which stood •opeared that the Noble Marquis was for a piece of ground which he held ,ears from the Crown, which had a .:et 9 inches in length, and which was of ith of 48 feet. Lord Vernon, Lord Yar --v. Mr. Morton Pitt, Lord Dundas, .ke of Bridgewater, Mr. „Li paid rents for similar pieces _ Lents were only required for the slips id between their mansions and the walk in .to which the public was admitted. Not the houses belonging to these noble lords and gen t stood upon Crown property. In short, these which varied from £4 to £ll5 a year, were only . from these slips of garden-ground, on which those rs and lilac trees were planted which added so much e beauty and fragrance of the park. There was even 'enant in all the leases of these slips of ground that no - should on any account be erected upon them." the flu Moira, LI In, and M a Park Every other representation contained in our con temporary's libel is explained in an equally satidsc- increase, but while the annuitant would absolutely lose half his income, the shareholder in these concerns would exper►enc his preset Ad x cwalL Where the landlord, or the railway low charge £1 for lands let or _ nt position or canal company, &( turn would find th se nominally double dividend's exactly osopher to tell rrs, however, when he assumes that "the things would result from doubling the supply of gold in the world." We repeat that it is not at all necessary that the supply should he doubled ; and, moreover, that it is impossible to say how small an addition to the stock, with the prospect of its pro gressive increase, will produce the effect described. He is in error also in setting down railways, canals, bridges, &c., amongst the investments, whose nominal value will be doubled. The tolls upon these being fixed by act of parliament, the value of the shares will be decreased in something like the same ratio as annuities or guaranteed dividends. The writer in the Times is at unnecessary pains to prove to us that no considerable increase can take place, on rational grounds, in th e p r i ce o f th e public funds. These securities can only be affected by sympathy with the rise in the price of commo dities, or by the fact of their offering, temporarily, a better rate of interest for money than can be obtained in the discount market. One portio n of his remarks, however, upon this subject, in which he shows it to be not only possible, but even pro bable, that a fall in the price of funded property may occur, is worthy of notice— " It must be taken into account," he says, " that many persons, alarmed at the ultimate prospect of the fundholder, may seek rapidly to change their investments to shares in companies based on real estate. Consols might thus be unwarrantably de pressed, and shares as unwarrantably raised. Again, it is impossible to calculate how far a vague excitement may operate in inducing people to melt down articles of gold and to apply the proceeds to such investments, by which they would still further be sent beyond a rational price. In this way shares or land might come to be bought so and a few have sailed since that date. Nearly the whole mass proceeded to the United States, not more than per -100 or 120 being for South Augtrni;-, c--a-, —a California. As the season is yet, however, young, it may b_e expected that _ th _ etid e of emigration will increase r a the r it and the next month. 'California with passen- tward voy geis, and parties are being made up, including Welsh miners, artificers, workmen, and speculators (both of wealth and of huMble means to try their fortunes in the Mr. S. H. Cowell, of this town, is about to publish a volume of poetry, the principal piece being a tragedy, en titled " The Sybill," founded upon an incident in Indian history, during the fifteenth century. It will be dedi cated to Mr. Macready, who, we believe, has expressed a very favourable opinion of its merits. THE NEW MUSIC-HALL IN HOPE-STREET. — This splendid building will be finished in the course of the sum mer and will be opened about the end of September, or the beginning of October, with a grand musical perfor mance. We understand that M. Benedict pronounces it to be the finest building in the kingdom for musical pur poses. . SAVAGE ASSAULT UPON A POLICE-OFFICER.—At the police-court, yesterday, Police-officer Arlott (No. 148), appeared against a rough-looking prisoner, named Fair dough, for the part taken by him in a most savage and almost murderous assault upon him (complainant) in Spitalfields, on the 20th of last month. The complainant was knocked down and kicked, and had his jaw -bone broken. He appeared in court with a bandage round his his head, supporting his chin, and was evidently yet suf fering much from the effects of the injuries he had re ceived. The jorisoner was committed for trial. NARROW ESCAPE.—ADVANTAGES OF A SOFT DITCH. —On Wednesday last, as one of Lord Sefton's grooms was returning in an open carriage with some friends (two of whom were females) from the Steeple Chase, the horse, when approaching Croxteth, suddenly became , restive from some unknown cause. The driver, in attempting to con troul the excited animal, rather incautiously turned his head towards a strong quickset hedge on one side of the road,—when to his amazement the horse (which had pro bably taken a lesson from the equine " chasers" of the day) reared himself up, and, disengaging himself from the harness, bounded over the adjoining field. tumbling the vehicle and its occupants into the ditch, from which the latter scrambled out, with, fortunately, no injury beyond a few slight bruises, and being saturated with mud and water, San Francisco, Dec 4. I in order to avoid the ice, which greatly imped e d h er on She will most likely arrive to-day. 25, and signed ANOTHER MARINE-STORES DEALER PURCHASING STOLEN GOODS.—Yesterday, a marine-stores dealer, named Thomas Owens, who has a place in Collingwood street, was charged at the police-court with having in his possession (found by a police-officer), 1 qr. 11 lb, of lead, 1 bag of brass taps, a quantity of iron water-pipes and iron-railing, and a . bag full of bolts and nuts, such as are used on railways, ow., which last were identified, He could give no satisfactory account of how he had got the property,—merely stating that he did not know that any of it was stolen. He was committed to gaol for a month. THE WEATHER.—Since our last publication we have experienced truly delightful weather for the season, with, for the most part, cheering sunlight by day, and bright moonlight by night. Never was there a finer month of March so, far, for preparing the land and sowing the spring corn and other seeds. The temperature, though pleasant, has still been sufficiently cool to prevent the premature development of vegetation ; though the leaf buds are starting out with vigour. The wind has been somewhat variable; but chiefly from the westward. Yesterday morning we had a slight shower, with the wind at W.N.W. ; but the rain soon dissipated, and was suc ceeded by a splendid day. COMMITMENTS YESTERDAY FROM THE POLICE -COURT, FOR TRIAL AT THE SESSIONS, OR TO THE HOUSE OP CORRECTION.—WiIIiam Powell, a boy, for stealing (in a public-house) a watch from Margaret Davies—trial. — Three youths, Richard Lawler, James Davies, and John Pierpont, charged with surrounding a female named Ellen Haywood, in Great Charlotte-street, on Saturday, and robbing her of her money, were committed for three months.—Catherine Irwin, for stealing a quantity of loose cotton—two months.—John Jones, who was found con cealed in the shambles, South Castle-street, on Saturday night, with a quantity of meat packed up in readiness for removal—three months. Margaret Johnson, Maria Mad den, and Ann Jackson, for stealing meat in St. Martin's Market—one month.—Two men, named Regan and Heap, and four other men, charged with stealing groceries from a house in St. Andrew's-street, and afterwards breaking into the house and rescuing Regan, who had been captured, were examined, and the evidence ordered to be taken, pre paratory to the commitment of some or all of them for trial.—Samuel Sloane, for picking the pocket of William Smith of a handerchief, in St. John's Market, on Satur day—one month.—James Gillow, a boy, for chopping up and carrying off ship-timber from the Clarence Graving Dock, on Saturday —one month. J. L. Follsont Mary Eller Lascar, fro Since I last wrote to you, the of this countr ack, with 1 ....mac. TV e nave nu guvFrinnum, Mormon Iclaid;NlNc u o ia i a Serce ' itt Cairn R here, either civil or military, and the country is full of Patriot, Korff, hence for Rostock off Tort. for POR TINLLAEN, . 25th March.—Th lawless men, who are committing the most shocking The sloop Gordon, hence to Bilngor ravages. Murders and robberies are of daily,—l might East Hoyle, and went down. Crew save , almost say, of hourly occurrence. Not an arrival occurs arrived here, from Amlwch. from the north,, south, or the interior, but notifies the Liverpool, from Barmoath, commission of new acts of villainy, which go unpunished, and ran on the bea c h. Within six weeks more than tweet- •trders have oc- FF POINT LYNAS, inward and, at 4 The people are now acting in self-defence ; and four or five days since three men were hung by Lynch law, sixty miles from this place. It is of the last importance that the distressing condition of California should be impressed upon those at Washington who have the power to apply a remedy. The people are now preparing to organise a provisional government. * * * * * * I wrote you a very long semi-official letter some time since (September 18), going at length into the history of the gold mines. I trust that you have received that cora munication, as it accompanied other official papers, all of which, 1 am informed, were correctly sent from Mazatlan to Vera Cruz about six weeks since. I have only time now to inform you that everything stated in that letter has been more than realised up to this date. The gold mines continue to be as rich as before, although the rainy season has caused many to suspend their work. There can be no doubt that at least 84,000,000 of gold, at 810 per ounce troy, have been taken from the mines. The most accurate estimates I am able to make show that 8'1,500,000 have been sent from the country, and 81,000,000 of it has gone from this port. One vessel took 8400,000, Two-thirds of all that has been exported has gone to foreign countries, and consequently to foreign mints." TIDE TABLE. MORN. IEVENG.I FIGHT. 1 HOI March.! h. m. Ih. m. ft. in 9 42 15 3 11 30 16 10 81 10 51 111 13 18 1 11 52 18 9 0 10 Tuesday.... e 9 Wednesday. 10 Thursday Friday Saturday .. 10 Sunday —.ll 0 M0nday....12 1 •45 18 8 facts 1 19 IS 1 LI'VERPOUL TUESDAY, MARCH Letters from Captain Spring , of the Huntress, dated at Mazatlan, Nov. 6, s t a t e th a t mining had ceased for the time, in consequence of the rains and cold weather having set in. They add : " Many are now returning sick from the mines, arising from exhaustion and from irregular living, and many are dying from want of attendance, and the ordinary comforts of life, while their hard earnings lie under their pillow (if pillow they have), in the shape of 1 to 101 b. of gold dust, tied up in a dirty rag; two of these cases occurred yesterday, and two more to-day.' f Other accounts received here, state that the number of persons who bait been in the mines was about . 10,000, though not more than 2,500 were d iggi ng at one tim e . Cinnabar, from which quicksilver is distilled, is said to be found in California. The accounts hitherto published, of the costs of living at San Francisco, as well as of the ease with which gold may be obtained, are now known to have been exaggerated, Lst, struc , loop ger DIED. 4 f at Brighton, ARCHIBALD "er a the county of Ayr, in his 790 Y _- - PRINTED AND PUBLISHED EVERY TUESDAY MORNI'i By JOSHUA FLETCHER LACE, tof 53 Grove street, sf LEONARD ADDISON, of 14, Great Orford-street, At Nis. 4, ST. GEoess's CRESCENT, LITERYOIO% Orders for Advertisements received by Messrs. Newto,Tree,; Co., Warwick-square • Barker and White, Fleet;rdlg e d , Deacon, Walbrook ; Chancery-lane ; Chart ~es Birchin-lane; Joseph homes, 1, Finch-lane, Corn.P2PLII, A , den Hammond, 27, Lombard-street; Mitchell, 8, Or e ; court, Fleet-street ; Lewis and Lowe, 3, Castle-emu" , Je o ., hill ,• at the London Commercial Coffee-house, Mincit4„P„ at the Jerusalem Coffee-house_, Cornhill; Chapter Lyr e , house, Paternoster-row; North and South American. house, Threadneedle-street ; Parsons, 9, Ave -Me ld' London; Johnston and Co., Eden Quay, Dublin; "rO s i , Exchange-street, and C. H. Lewis, Market-street, MA N ter; ; Haddock, and J. and W. Booth, Booksellers, A 1 ton •, Clarke, Pilot-office Preston ; and Wright so 101, No , Herald-o ffi ce, Birmingh am; Harthill and Salm/lad 0 Prince's-square, Buchanan-street Glasgow. BIRKENHEAD • TODHUNTER, Chester-street •, ati PINENET, Arg yle-street; OSBORNE, Chester-street , GRIFFITH, Hamilton-street. ANNUAL SUBSCRIPTION. .1 14 ' IN ADYANCE .... 18Se I Oli (AIM ts e s e. 04- ' o p of Rem LO" Air.n :kj~eb ° 8i k O 4 O D 0 t 1 t ;qtrhs''' r t : c Wh y stid t He I,44i," ( iti. T e'~e~ 1 1!! d e t l) l l , 4 tlee; 4 4 14 te e th e ( 11 •hi U 1 1 °Ii k Pl 4i ° t t kki t : DubT \t o k tiv t°t t) i t 4 4,14 1%444. Ich°4l ) t bi tti (1)° 14 r °4 o 4 t). V ' ) ) 1 Llh. by .414.4 v. he °) at 4LA