The Liverpool Standard and General Commercial Advertiser. — Liverpool, Merseyside, England, 1848-03-14 00:00:00

the Eibtrpoot 'taiibarb. TUESDAY MORNING, 31JRCH 14, 1848 rom New York, which arrived Lere on Saturday, brings us the following letter, in Which there are suggestions that cannot fail to be of use to the Parliamentary Committee on the Currency. The letter is addressed to the Currency Correspondent of the New York Express : steamer New York, 23d February, 1848 , —As an old 'Money' Reformer I have had infi nite pleasure in reading your masterly articles in the Express, on the currency, and more especially from see ing that you have avoided the fatal error of allowing the general principle of ' Money' to be confounded with the subject of Banking, which is a question rather of circum stance or locality than of principle. Sometime ago I took the liberty of sending you, through Mr,. Brooks, a rough sketch of what 1 think should be done in England in `Money.' Permit me now to remark that I trust my views entirely agree with yours, and that you will persist in not entering into the subject of whether the Banking in the United States is right or wrong. If we carry our principle this country will be infinitely more prosperous under the worst system of Banking than it could possibly be under the best if the humbug of Gold is perpetuated. Gold I have always viewed as a cannibal, that creates confidence only to destroy it. The prejudice however is in favor of Gold (as at least the lesser evil) is so invete rate that I don't think ' MONEY REFORM' will ever be carried, except we profess our willingness to retain gold as the SECURITY OF THE CURRENCY, and confine our objections to its being the MEASURE OF VALUE. On the grounds that the change of the value of Gold robs the labouring man, thus--the produce of a man's labour brings in France—(ln a foreign country the price got is riot dictated by the cost of the article.)-105 cents, of which 100 goes to the industry of the United States, and scents to the capitalist or man of money in U.S.—but money becomes dearer through the export of Gold from U.S.—and the man of money demands a proportion of 10 or 15 or 20 cents of the 105. Now this he is enabled to do through your having adfipted the principle of Sir Robert Peel's Bill of 1819, by which a bank note is made exactly in relation to gold, as a dock warrant is to indigo •—tLe scarcity of the article raises the value of the war rant, and the same enhancement occurs to the bank• note, although to blind the people it is not allowed to express itself directly, but only indirectly through capitalists' money' fetching more interest and commanding more commodities and labour when gold gets scarce through exportation. K SIR,- 1% hat `money' reformers want, as I understand, is that the whole industry and property of this country be removed beyond the changes on gold which are brought about by foreign influence. We want to show the absui - clity of every kind of industry and property being made saleable and worth half nothing (s w as lately the case _ ngland), because of the imPortation of dOuble the quantity of foreign labour we can pay for by our home in dustry. It is enough that our home industry be interfered with by the competition of foreign labour, without having the whole currency and also banking or confidence of the country demolished 'ly the mode of paying for that foreign Labour. If gold must be paid (as of course it must for our im portations), let us arrange that its exportation shall not di tarnish the home trade. Gold must be put in the same category as all other commodities, and permitted to rise and fall according to the laws of supply and demand. It were preeminently absurd to attempt to retain a standard of value in a country whose imports exceed its exports, except such a one as would represent a gradual reduction, as the country's industry and property would of course be more and more impoverished, the more the country out lived its income. But even if there could be any doubt it thus as to the abo oe self evident, that gold would go to no greater premium than the extent of the exporta tion of the article, or, in other words, the extent of Fo reign Exchanges are against us ; and that when the fo reign exchanges are at par, notes a LEGAL TENDER, and cold would be the same value. We cannot prevent gold reci?.ing. It does so now—and at present its doing •-) hat extent depreciates all other property and pprecia lahour—a state of things so utterly ridiculous that it will not stand long in America. Quite in consistency with these opinions, I AM AN ADVOCATE FOR SIR R. PEEL'S RESTRICTIONS ON BANKING; and I see that the recent Currency Committee in England will come to nothing, because the QUESTION RAISED will be `Sir R. Peel's restrictions on banking,' instead of the simple question of PRINCIPLE, 'THE CURRENCY,' or MONEY, to speak more correctly. I have long seen what you seem to see clearly, that we may have a NOTE that will not depreciate in reference to gold, any more than any other •property. For instance, you might take property in New York to the value of a hundred millions, • incl'i3sie bonds thereon to twenty millions. Those bonds would surely be as good as, or better (more saleable), than any other property in the city. But, as I have said, the prejudice in favour of gold is so inveterate, that to get a change commenced from wrong to right principles I would consent to arrange the national money so as to leave the people their GOLDEN BAUBLE till they got tired of the expense of it. Without interfering with the present legal tender, I would add thereto, say, TWENTY MILLIONS OF TAPER, THE RECEIPTS OR EVIDENCES OF THE DEPOSIT OF GOLD TO THAT VALUE, it► a new department of the treasury at Washington (or of the proposed mint at New York), allowing the Government to increase the issue of notes to the extent there is an export of gold, or in other words to the extent the 20,000,000 of gold rises in value in the market, decreasing the circulation of PAPER THE EVI - CE OF DEPOSIT to the extent the gold falls in value; , the foreign exchanges got righted. ed, would THE INDUSTRY OF THE ITED STATES BE SET FREE FROM FOREIGN INFLUENCE, other wor( I feel set free in no other way. This plan would for if gold, which he wanted, was not affect the foreigne high, so would be the indigo or other articles he had im ported. The mere capitalist or ' MONEYED MAN' would the proper tribute to the industry of the country, for be would get on his stocks would buy less .s, and thus alone, we shall be able to make se interest of the money market to encourage native Id discourage foreign labour in the markets of the United -tes, because the more the latter took the place of the - szold and all other commodities would dividends bour, and thu rise as compared with money—(' money' I understand tender or ISSUE BY THE GOVERNMENT; , properly speaking, is bank notes, or private I commenced to write a short note, but have 1 insensibly led on, and for the length of this epistle I De a leg ;;e to offer many apologies. Let me, in conclusion, remark, that of course on my mild be no gain or interest accruing on the old ; but neither would there be any By and by the country would come to 'Hz Pimple would be made by mat of the amount dividend that a LARGE le or r bedient, bumble servant, ISAAC . BUCHANAN The followit is the PLAN OF CURRENCY FOR d to in the foregoing letter : GLAND allud amit the Bank of England to issue fourteen mount the public owe the Bank. These silver, or in a NEW CLASS THE MERE EVIDENCES OF THE DEPOSIT IN MADAME ANNA THILLON depressed to the' verge of ruin Fere .ed to pay anincreased tax upon profits ad ceased to realise, and incomes which ger enjoyed. We were told that the atlonal revenue, in Whig hands, and under the "iteration of free trade measures, had fallen short, three millions sterling per annum,of the amount mired to meet the national expenditure. Here - )r the grave and serious con of every shade of political ss tlian a question whether e would submit to an impost of in order to maintain intact aideration loyal r Dion. It as no I e nubli the institutions the cour ; or Insist upon re at all events, making Upost more equable in ng its preasure, awl 4E sue The Theatre Royal, Williamson-square, opens this evening with an opera company, the object of which is principally the display of the scenic and vocal powers of that admired candi date for fame, Madame Anna Thillon, whose voice is said (if se cond to any) to be only surpassed by that of Lind, while her peculiar tact, form, style, bu , mess, and dialogue, makes er a character complete.. Her success in London and Paris has been extraordinrary, and her debut here created such a sensation as will ensuteher a welcome re-appearance. Loder's last new•and most snceessfuj operetta, "The Young Guard," which has had the evening.: The services of some of the most celebrate balle t dancers of the day are also secured, and it is anticipated that during the three nights the theatre is opened it will. be well filled. The enterprise is deserving reward. . . The Rev. Chancellor Raikes left on Thursday last for a port sojourn in Bath, to recruit his strength, after a se vere attack of quinzy, from which he recovers slowly... . OUR FUTURE BISHOP.—We give in another column brief biography of our newly-appointed diocesan, Dr: Graham, who, we hear, is just recovering from a severe attack of rheumatic fever, so that his appearance in his diocese must be deferred for a short time. THROWING STONES.—A number of boys were yester day fined for throwing stones in the street. •In former' cases of this kind the offenders generally had merely em plowed their hands, but yesterday several were brought up who bad used slings. These were fined ss. each, or to be imprisoned 5 days. One youth, however, was remanded; a boy whom he had struck on the head with a stone being so ill at the hospital that he could not appear, lie having sustained a compound fracture of the skull. Mr. Rushton expressedhis determination to put down a practice which endangered the lives of the peaceable passers by; a well waing time instituting a i as those of the parties attacked, I would ions, the BANK'S VAULTS OF GOLD OR SILVER, TO THE "..'e of gold and silver.)* the Bank never to hold less Then I would co 1 ten T lions of specie, to the whole amount, or any t of which, the Bank would have the power of issuing pa. which would be a legal' lender because an evidence The Ba se these legal tender notes to ~„ II ssues, and a consequent extent the foreign exchange get an extension of I price Of gold at there .can be a class of WE do not believe t periods of popular JAG tiObaJ6,l,,aaaa a itability which invariably follow great political or cial crises, than your small platform spouters and the less influential ioition of the i in their obscurity, so long as the a opinion keeps within its legitimate I, so long as our busy world main- Lry and equable revolutions ; no slightest check throw these out of -e are compelled to witness the des Lxrrent of publi glance, than contortions with which the process of infla tion commenced by the allied nuisances, and to ate; - -A sounds with which they triv .:ritable thunder. What a everish and eager grappling for small grievances do we witness on the part of both him of the tongu and him of the goosequill! What netting of r. perate isten to the penn minnows and gudgeons, to be palmed off upon us ales ! What fierce onslaughts against ima ssors, and desperate decapitation of cabbages, make the very blood run ins of wondering spectators. We t such silly exhibitions. It is human. however, we have too fre ss productive of mischief r originators to check or ic applied to, a few ration which defies , leyona the power xuiate. A child's of men to quench, be concentr noprifty by an nouneement from her Letipahie ATi Dse upon the of their intention the industry of Great d to five per cent. A tax ra they no ion rigorous inquiry into our general system of taxa tion, and into the national expenditure. An influ ential portion of the community approached the'l question in this serious and business-like spirit. But not so some of the small spouters and jour nalists referred to. They viewed it only as a peg upon which to hang as large a quantity of trashy declamation as it could be made to sustain. It was discovered that a portion of the additional' expen diture to be provided for arose out of a small in-. crease of the naval and military estimates,—that Government were about to do a little towards 'pro viding for the better defence of the country; and forthwith the opportunity was seized upon to af fright the public with a notion of impending war., In our own and other towns we had huge anti-war placards every where staring us in the face, in which the aristocracy and the legislature were accused of a design to enslave and to rob the people. We had anti-war public meetings, at which some of cnir weak-headed, yet amiable, townsmen, dribbled; forth as usual quakerlike sentimentalism from the same platform, upon which chartism reassumed its long dormant vitality, and railed in good set phrase against every institution and order, which stood in the way of the establishment of the "five points." We had twaddling mercurial denunciations' of war budgets and other imaginary monstrosities., And when the steam was just getting up, and demagoguism was flying off into a crusade against some windmill somewhere, but nobody knew where, the news of the French revolution and the triumph of mob power burst upon us like a thunder-clap. The natural result has follo&ed. The idle and discontented frequenters of the resorts of frothy declamations, whom our spouting and leader-in diting Solons, had stirred into activity, gave up forthwith all thought of war budgets and other in ventions, and set to work to find for themselves a few grievances a la Francais. Visions of barri cades, street fighting, the pillage of gunsmiths' shops, and the accompanying pocket-picking floated before the eyes of lazy prentices, prigs, and idlers of all sorts ; and the realization is to be found in the gutted shops, the smashed lamps and windows of Glasgow and other towns, accompanied unfor tunately by a loss of several lives and innumerable broken heads, whose owners, after the slight shake which a policeman's truncheon is apt to give to a man's brain, have quite as clear an idea now of what they were brawling about as ever they had. In the meantime quiet and timid people are becom ing alarmed for the safety of their limbs and their property; and 'magistrates, military, and police throughout the country are harassed by double duty and constant anxiety, whilst the vicious and turbulent people to he found in every community are on the look out for an opportunity to commit outrage We' do not know how far the gentlemen, recently so fluent in their denunciations against war budgets, aristocracy, class-legislation, and "other similar topics, by which the vulgar ear is tickled, view themselves as responsible for the new direction in which their disciples have chosen to move. We trust, however, that, as some slight measure of atonement for their admitted indiscretion in moving the first straw, and commencing...the warming up of the popular feeling, which has at length caused it to boil over, we shall see their names amongst the list of special constables sworn in before his worship the Mayor. It would be very hard, we admit, for the eloquent Mr. - or the meek and pacific Mr. - to have to break the head of Tom Nokes or Paddy Doolan, who so lately cheered their platform displays. But, alas ! inevitable necessity may com pel them ; and at the same time it may convey a very salutary lesson as to what is a proper selection of company for men to make, and the danger of rubbing shoulders to-day with persons whose heads you may to-morrow be called upon to break in the 1 Queen's name. The debate on Friday night in the Commons on the Government financial project, presents one or two points worthy of special notice. We cannot help asking, with Sir W. Molesworth, how is it that the estimates of the present Government for the army, navy, and ordnance for the coming year, (exclusive of the item for the Caffre war,) exceed the average yearly expenditure of the five years of Sir Robt. Peel's administration by no less than £3,268,000; or, how , is it that the actual expenditure for these services, in the year ended January, 1848, exceeded that of the year ended January, 1816, by £2,800,000. We have spoken elsewhere of Mr. Cardwell's speech, ois this oceasion,—a speech characterised by great business talent, although the views of the hon. member do not accord with ours. To one portion of the speech, how ever, we have great pleasure in directing the attention of the hon. member's constituents. Mr. Cardwell says:— "With regard to the public expenditure, he was one of those who confidently hoped that a great deal might be done in faror of the depressed energies of the country by way of a reduction of that expenditure." . . . . Perhaps we are not very far wrong in taking this as an all but official pledge from that section of the Conservative party which, at no distant period, will have to direct the affairs of the country ; and the more especially so when we find it confirmed by the following declaration of a member of that party so eminent as Mr. W. E. Glad stone. We quote the passage : "Now I, for one, shall not speak slightingly of the subject of reductions. I feel convinced, upon general principles, that a great country like this ought, periodically, whether after ten Years or fifteen years, or what other reason a ble term, to have a searching and thorough revision of its public expenditure. (Hear, hear.) It is now, I think, fifteen years, or rather more, since we have had such a revision ; it is thirteen years since• reduction ceased and the tide of increase of expenditure began • to turn to `flood,' and I think it high time that we should revise our expenditure; I say that qgite independent of the faet of the formidable increase in the cost of our army, navy, and ordnance—the increase of nearly £7,000,040 since 1835, of £4,500,000 since 1844, of £2,830,000 since 1845, of .1,638,000 since 1846. These facts, I think, lay a very strong prima facie case for a searching revision ; and, moreover, they lead to the inference, that by a careful examination of details, without diminishing your effective means—which I will not presume te• suppose you dare prudently diminish —you might effect a con siderable economy." The most telling speech of the evening was that of Mr. Disraeli : a speech full of the caustic eloquence of that consummate parliamentary gladiator, yet at the same time containing stubborn facts and statistics bearing upon' the question at issue which are well worthy to be pondered over by the political economist and the statesman. The debate was wound up by perhaps one of the only members—Mr. W. E. Gladstone—to whom the house could have been brought to listen and conducted back 'to that patient attention which the subject demands, after the excitement of Mr. Disiaeli's splendid effort. That Mr. Gladstone's speech was a most able one we need not say. As a vindication of his colleague, Sir Robert Peel's policy, it was perhaps one of the most successful which has yet been delivered. THE PROVIDENT CLERKS' MUTUAL BENEFII ASSOCIATION. generally understood and appreciated, and experience is giving rise to the formation of societies peculiarly adapted to the professional pursuits of individuals. Amongst those recently and more adiancing in importance is the Provi dent Clerks' Benefit Association and Benevolent Fund — a society formed on the most comprehensive scale—and securing for a comparatively trivial contribution, a provi sion for age, an annuity for a family, or an endowment for children. Indeed, the advantages are well described by the agent, Mr. Lea, of Derby-buildings "Mutual Life Assurance is perfectly devoid of everythingap proaching to speculation :—it is based on almost unerring data, and he who avails himself of it has made a certain anti positive provision whenever death may take place. The tables of rates of this department, which embrace every contingency to which life is subject, are approved as safe by some of the first mathe maticians of the day ; but while they are safe, the assurers are certain of reaping every advantage which the proper improve ment of their money can afford, as it is impossible that any portion of it can ever be devoted to the payment of proprietary, or any other purpose than the benefit of members. Such has been the confidende placed in the association that nearly one thousand members have been enrolled in this department, and Try day others are coming fc "To the Benefit I)epartmen 'ere is attached a 'Benevolent lerks, which now amounts to been chiefly contributed by mils of making a provision for old ie clerks whOie health or eircum their lives." age, infirmity, or death of tho. stances prevent their assuring _ We cannot do less than urge the necessity of all de pendent clerks joining this society. GENERAL TRADE REPORT. LIVERPOOL EXCHANGE, YESTERDAY To date anything of commercial interest from the scene of confusion and uproar which took place yesterday on the Exchange flags appears almost an absurdity. An unruly mob, assembled under the pretext of demanding redress for grievances at present complained of by the Liverpool porters, took possession of the area, and diverted the attention of the tliexcantile community from their usual avocations to the more important object of securing their own personal safety. The Exchange News-room was closed, and all business suspended. We are con fidently assured that only a very small minority of the ,persons present consisted of the regular porters of the town, who are generally satisfied with the explanation and promises of assistance guaranteed to them by the .magistrates ; and we mainly attribute this inopportune interruption to the little business likely to be transacted during tne 1 ; - ,•:,:fnt crisis, to the wilfulness of idle and ill disposed individuals. With respec;.;;:::.:-I,:nd monetary affairs, we have nothing to report but all-pervading dull. ness. What with revolutions and bankruptcies abroad, and mob rows at home, business in the share market has been well nigh annihilated. What little has been done during the last week has been at a trifling advance upon the lowest quotations. Immediately after the news of the establishment of the Republic of France arrived, London Stock advanced to 137 from 126 ; Midland, 102 from 97, and the Half-shares, 5 dis. from 7 dis. ;. still there is no great hope entertained of any further advance until politics generally assume a more settled aspect. A list of yesterday's prices will be found elsewhere. Consols have again receded since our last, having reached the highest point on the close of Monday's business. 82i were obtained on Tuesday, since which they have ranged between 814 and 801. Last night the closing quotations were 804 to 4. It is a difficult matter to draw up an exact and particu lar account of the state of the CorroN MARKET to-day ; the demand has been good, and the attendance of buyers numerous, but owing to the excited and unsettled ap pearance of things outside, the business has all been in dribbling parcels for the immediate wants of consumers. Prices are rather irregular, and in many cases they are lower than they were on Saturday. Holders, without unnecessarily pressing their stocks on the market, are nevertheless willing sellers, and the late arrivals are el-tir ing off, day by day. The small profit which the im porter was receiving a week or two since has disappeared, and the decline from the highest point is now id. to Id. per lb. Thepresent prices of the three descriptions of American "fair" cotton, as compared with the corresponding period of last year, are : 1848. 1847. New'Orleans Mobile Uplands 4/ There has not been anything doing in our Woor. MAR KET this week, but for all this prices are firm. We have a public sale here on the 30th instant, when about 400 hales Australian, and 2000 bales Egyptian. Turkey, and Entre Rios (of wnich some are very superior) will be of fered. Imports for the week :—Foreign.—Bombay, 413, Monte Video, 337, previously, 16,953, total, 17,703. Scotch.-356, previously, 2,616, total, 2,972. We have nothing further to report in the other co lonial markets since Friday last, information up to which date will be found in our seventh page. —The London markets have been characterised during the week by considerable heaviness, and a great desire on the part of the various dealers to avoid transactions of every description. Saltpetre has continued to command atten tion, but this is the only exception to the general de pression. The Scotch PIG IRON market has been in a very de pressed state during the past week, and prices have still further receded. The present quotations are : No. 1, 465. ; Mixed Nos., 445. ; No. 3, 425. 6d, to 435., in Glas gow, with a downward tendency ; bars in Wales, £7, to £7 10i. We have to notice an improvement in the TIMBER TRADE of this town, the leading articles being in better demand. The sales on Friday were—a cargo of St. John pine, 18 inches calliper average, at 16d. per foot; with birch at 14. per foot, and deals at £8 15s. per standard, and during the last 14 days a cargo of St. John at 18d. per foot; for yellow pine 16d. per foot ; for birch 15d. per foot; for red pine and deals at £9 per standard. Three cargoes of Quebec pine, imported in 1845, at Ind. per foot, one at 121 d. per foot, and one imported in 1846 at 14d. per foot. A cargo of spruce spars at 184 d. per foot; poles at Is. 3d. each; oar rafters and sweeps at 3s. ld. each ; laths at 14s. per M, and pickets at 325. 6d. per M. A cargo of Miramichi deals at £8 10s. per standard. A cargo of Swedish fir at 18d. per foot, and deals at £l4. The transactions in the LIVERPOOL. CORN TRADE since Friday have been very trivial in amount, except for In dian Corn, of which article the purchases have been chiefly for export to Ireland. Notwithstanding the small ness of our supplies, there is no activity in the trade, nor any elevation in price to note since Friday ; in fact, al though we might have expected, on the resumption of the duties, and consequent decrease in our imports, a considerable improvement both in price and demand, the preponderating influence of the genera/ stagnation and uncertainty has not been without its effect. In the coun try markets, however, prices have generally taken a slight advance, and the Irish markets are firm, with an improve ment in the leading towns. The Mark Lane Express says " The immediate effect of a cessation of a totally free importation will probably be to inspire holders with snore confidence, and some slight advance in prices may perhaps ensue. We are, however, still of opinion that in the existing state of affairs no material rise can occur in the value of breadstuffs, unless brought about by circum stances of which nothing can at present be known, such as bad weather in the spring or summer, or political events, resulting from the recent occurrences in France. Looking at matters as they now stand, there is reason for supposing that supplies will not prove fully equal to meet the demand so long as the latter continues to be only for real consumption. A speculative demand, founded on future contingencies would , of course alter affairs; but after the disastrous results of the past year's experience, we are inclined to think that capitalists will be cautious how they embark in fresh investments in corn." The MARKET for IRISH PROVISIONS presents little variation since our last report. The finer kinds of Irish Butter, of which 3,927 firkins, 771 crocks, arrived last week (yesterday inclusive), continue in fair request, and the stock in Liverpool is greatly reduced. Hams unsale able. There is no doubt but that the supply from Ire land of hams and shoulders, as well as pork and bacon, will be considerably less this year than last. Prices in Liverpool, yesterday :—Buvrsa Waterford, 88s. to 945. ; Kilkenny, Carlow, and Clonmel, 888. to 928. ; Carrick, 86s. to 88s. ; Wexford, Carlow, 88s. tons. ; Belfast, 88s. to 928. ; Ballymoney and Coleraine, 86s. to 89s. ; Banbridge, 84s. to 888.; Newry and Dundalk, 808. to 825.: Dublin, Carlow,B4s. to 88s. ; Sligo, 80s. to 86s. ' • Londonderry, 82s. to 86s.—BAcoN : long middles, free from bone (new), 565. to 60s. ; short middies, 58s. to 608.—LA RD : fine keg, 60s. to 665. In the AMERICAN 1;ROVISION TRADE there has been a good demand for Beef, and a fair extent of business done in that article. Prime Mess Pork much wanted ; the few parcels of good quality which have been received have been eagerly taken at 70s. to 725. 6d. For old strips there has been a good demand for Ireland, and all of good qua lity, offering at 50s. or under, has been taken. A parcel of new bas been sold at 60. Bacon continues in fair re quest, a ready sale being obtainable for the article as soon as imported. The market is fully well cleared of old Hams and Shoulders, and we have very few new. The imports of Cheese already in the market have met with a ready sale at improving rates. Although we have had heavy importations of Lard, former prices have been maintained. Prices of American Provisions at Liverpool (duty paid) : Cheese.—Fine, 486 to 526 per cwt.; middling, 42s to 465; ordi nary. 39s to 418.—Beef.—U.S.- Prime Mess, per tce. 304 lb., 85s to 90s; ordinary, 76s to 83s, old 60s to 688; extra, India, family, &c., 95s to 1038; ditto, per half-barrel, 30s to 356. Mess, per barrel, 200 lb., 50s to 565; ordinary, 40s to 465, old 36s to 408; prime, 34s to 36s.—Pork.—U.S.—Prime Mess, per barrel, 200 tb., 65s to 755, old 48s to 60s ; prime, 40s to 455, Old 386 to 40s; mess, family mess, &c., 58s to 628, old 48s to &U.—Be:cm—Long middles, free from bone,_4Bs to 5 . 4 . 8 per cwt. ; ditto free iron 35s to 42s Finjus THE LIVERPOOL SVANDARD. MR. CARDWELL AND THE INCOME TAX We have had handed to us a correspondence which has just taken place between Mr. Edward Cardwell and the National Confederation. The first letter is from the Con federation, and is dated Feb. 22d ; and the secretary, whilst enclosing two resolutions of that body, declaring the budget of Lord John Russell most objectionable, espe cially for the proposed attempt at increased taxation, requested to know Mr. Cardwell's opinions onrthe subject. To this Mr. Cardwell answered, that government was ex pected to make some further statement, and that as soon as he had heard it, he would send a reply. On the 26th, the Confederation expressed to the hon. member the dis appointment they felt at so general a reply to specific questions, which were again put to him as follows : " Ist. What course you may have determined on pursuing in reference to the ministerial budget, as it has been announced? " 2d. What course you may have determined on pursuing in reference more especially to the principle involved in it, of attempting to lay an increased amount of taxation? " 3d. And what course it is your purpose to take in meeting the attempt intended to be made by the government, to perpe tuate the unjust principle involved in the exaction of the same per centage on income derived from labour and industry, as on that derived from accumulated property ?" The communication added that the Confederation was of opinion that no explanation of the Government could alter the fact that certain proposals had been made, and they wished to know Mr. Cardwell's opinion on the Bud get as it then stood. To this Mr. Cardwell returned the following reply :—___ _ _ _ " Whitehall Gardens,.23th February, 1848. " I have the honour to acknowledge the receipt of your last, letter, and beg to express my regret that my acknowledgement of your former communication should have occasioned any disappointment to your committee. It was not intended for a reply upon the subject on which you wrote ; but was, on the contrary, only designed, in cour tesy, to acquaint you why 1 wished to postpoke, for a short time, stating whether I should support the financial proposi tions of the Government; viz., that I wished, before making any such statement, to learn what these propositions actually were. _ . _ " These, which formed the subject of your letter, have been, as I thought was probable, withdrawn this evening ; and you will perceive that 1 asked and obtained for the house, and for the country, time for consideration of that which has been substituted. _ . _ . _ " Under these circumstances, and with this explanation, I think your committee will consider that I have acted consis tently with my public duty, and with my respect towards them and the other electors.of Liverpool with whom I have been in communication on the subject. " I have the honour to be, &c., (Signed) " EDWARD CARDWELL. " Mr. Macdonald, Secretary." On the 2nd March, the Confederation again expressed their regret that the reply was not more specific, and added — "There still remain most objectionable points in the Minis terial scheme. The proposed increase is set aside, but the monstrous injustice of taxing realized property and income on trades, and from other precarious sources, at the same rate, is left untouched. This, the committee would suggest, will, doubtless, receive your best attention. The Government ought either to propose a just and rational principle to regulate the tax, or do away with it altogether. They ought, as the com mittee think, to propose such principle to-morrow evening, or postpone the incomes of that class until a committee may hate reported on a just and equitable principle. The Government ought to be urged to appoint such committee to-morrow ever ing, for, if the matter is not now seen to, the principle will be persevered in, and the past quoted as authority for the future, in time to come." The following is Mr. Cardwell's reply:— " Whitehall Gardens, 4th Mareh, 1848 Sts,—ln answer to your letter received last night, I have to acquaint you that I have again referred, as you desire, to your former communication, in which you advert 'especially to the principle involved in the budget, of attempting to lay on an increased amount of taxation.' _ _ "This proposal for increased taxation was the basis of your correspondence with me. and I considered the withdrawal of the one the natural termination of the other. ' With reference to your renewed inquiry, I have to reply, that I am very sensible of the pressure of any income tax upon an industrious community like that of Liverpool, and that I have not heard any proposal made which would effectually correct the admitted objections against it, and might, there fore, be regarded as an adjustment of the question, satisfac tory to all classes, and for all future time. Under these circumstances, though I have neither personal connexion with, nor party attachment to, the present Ministry, I have not ventured, in the present condition of the finances, to incur the great responsibility of refusing to those charged with the Executive Government a continuance of the, duty for a limited period, at the existing rate of sevenpence. " I have taken my share, with great satisfaction, in the re moval of many imposts which operated unequally and injuri les, ously upon the commercial and trading classes, and have every uncut of every unnecessary expense. " I have the honour to be, &c., (Signed) "EDWARD'CARDWELL. J. M. Macdonald, Secretary." - A note was addressed to Mr. Cardwell, under date Bth March, asking if he had any objection to the publication of.the correspondence with him, should the committee of the Confederation think it desirable to lay the same before the public; to which applichtion the following is Mr. Cardwell's reply:— " Whitehall Gardens, 10th March, 1848. " Sir t —l have to acknowledge the receipt last evening of your letter, in which you ask whether I have any objection to your committee publishing my replies to your late letters., " I have to assure you that my replies were written without any intention on my part of sending them to the press ; and that 1 have no suggestion to offer to your committee with re- the retrenc ierenceTi;&exergie of their discretion in the matter. " It is, for the sake of clearness, to be borne in mind, that your letters of February 22nd and 26th were written upon the supposition that the income tax was to be continued for five years, at an increased rate, for the first two years, of five per cent., and were answered by me as having been written by you upon that basis.* Also, that your first communication, after you had heard of the change in the ministerial propositions, was received by me on the night on which Mr. Horsrnan's pro posal was made to the House, and was, therefore, replied tot after 1 had heard, considered, and voted on that plan. " I request that this letter may be regarded as part of the correspondence, and remain, &c., (signed) " EDWARD CARDWELL. " Mr. Macdonald, Secretary." NOTES OF THE CONFEDERATION.—*That was only one of the points embraced in the letters referred to, as the letters will, on reference, show. It is true, that is the only point to, which Mr. Cardwell made any reference in his replies, and even that he did not dO until after the Ministerial intention of withdraw ing it had been announced. On the question of "perpetuating the unjust principle involved in the exaction of the same per centage on income derived from labour an d ind u st ry as on that derived from accumulated property," and which was contained in one of the resolutions sent to him in the letter or 22d February, and then again specially repeated as a distinct 'question in the letter of the 26th, it escaped Mr. Cardwell to give any reply whatever until after he had voted against Mr.: Horsman's motion. There is, therefore, a manifest oversight in the statement made above. t Tbetime when "replied" to seems of little imp6rtance; the Only point worthy of notice is the time of receipt of the letter, and Mr. Cardwell does not s a y that it bad no t been re ceived by him before he had voted on Mr. Horsman's motion. And, independently of that letter, he was in possession of the Liverpool petition to the House of Commons, praying for a modification of the tax on incomes derived from trades, &c., so that it must be supposed he was quite aware of the feelings of Liverpool on the whole question before his vote had been given. There will be a total eclipse of the moon on Sunday, March 19 :—begins 16 minutes after 7 in the evening ; Middle, 12 rainutos ettOt 9, end* 8 minutj past O r s - Short midc 4?s". Shenklers, eld, 22si0268.—ligass.—Pried, old, 50s ; in salt, 38s to 455, old 26s to 32s.—Lard.—Fine, in kegs, 50s to 52s per cwt.; fine, in barrels, 50s to 51s; ordinary to middling, 47s to 498; inferior, and grease, 40s to 428.--Butter. —Canada, 58s to 67s per cwt.—Soda Biscuit, 30s to 35s per cwt. —Pilot Biscuit, 155 to 20, per cwt.—Onions, 4s to 5s per cwt. — Apples, 20s to 30s per barrel. Imports, from 24th Feb. to Bth March :—Cheese, 260 casks, 2365 boxes; Beef, 911 tierces, 495 barrels; Fork, 14 tierces, 523 barrels ; Bacon, 2031 cwts. ; Hams, 4 casks; Lard, 1628 bar rels, 6468 kegs, 58 cases. _ Vire sufjoin . the prices of FOREIGN FRUIT :—the pre vailing feature of the market is the continued unprece dentedly large supplies of oranges from Terceira and St. Michael's, which have tended to keep the prices down at the low figure they commenced at the early part of the season Prices of Foreign Fruit in Liverpool (duty paid) :—Currants —lsland, 39s to 40s per cwt. ; Patras, 41s to 425; Gulph, 395 to . Raisins—Muscatel , M It boxes 37s to 428 per cwt., 3-boxes 406 to 445, 4-boxes 46s to 48s,—M R L boxes 54s to 60s, i-boxes 52s to 565, 4-boxes 608 to 625, cartoons 756 to Ms ; Valencia, 36s to 406 • Denis, 30s to 325; Lexia, 24s to 265; Sultana, 70s to 735., Fi gs —Turkey, pulled, ,348 to 56s per cwt. ; Eleme, 65s ordan,• to ; A C im a o la n t is na_ta j 160 s to 180 s per cwt. So ft Shell, , 308 to 345. flume — Prunes , 34s to 3,5 s per cwt. Spa nish, 4.55. oranges — Sici l y , 9s to 106 per b ox; St. Michael, 205 to 24s 6d; Lisbon, 165 to 188. Lemons—Messina, 186 to 206 per case, 12s to 148 per box. Nuts—Barcelona. 42s to 438 per bag; Sicily, 30s to 325; Turkey, 2lB to 225; Black, Spanish, 366 to 37s per barrel ; Walnuts, 6s to Es per bushel. There was upon the whole a better tone about the stock market on Friday, but the improvement in p rice s was merely fractional, Consols on leaving off on Friday afternoon being 801 to 1 for money and account ; on Thursday, sot sellers. The scarcity of money stock, which was repeat edly quoted higher than for time, is just now a rather powerful auxiliary in the support of prices ; the inclination of the funds, in the absence of this counteracting course, would in general opinion be of a more decided downward east still. 'There was again difficulty experienced in the disposal of bills upon 'Change, and with the exception of Holland and — Frankfort,' the rates were rather higher. The English opened on Saturday at an improve ment of a quarter 'Per cent., and subsequently,experienced a further advance, until the publication of the intelligence from France, when, owing to the rapidly increasing signs of the approach of a financial chaos in that country, Con sols receded I per cent. The first quotation for money and account was 81 to I, whence they rose to 814. A re. action then took place to 801, and they closed at 81 sellers., Bank Stock redueed,. Three-and-a-Quarter per Cents., Long. Annuities, and India Stock, are now all shut for the dividends.. India Bonds left off ss. to 10s. premium ; and Exchequersbjlis (June), 21s. to 30s. prem. .The operations in foreign stocks were wholly unimportant. The Bank' of nglapd returns •for tho week ,ending the 4th inst. spew that the notes in reserve had increased by £91,970, the gross amount standing at £9,830,215 ; which, with £668,697• in specie in the banking depart ment, made a total reserve of £10,498,912. From the in crease under the head " other securities" of £182,215, it may be gathered that the Bank was obtaining a better share of discount business, as money was becoming rather dearer. It might be, however, that the increase arose principally from loans on stock or other securities. The amount of notes in circulation is £18,375,615, being an increase of £195,860; and the stock of bullion in both departments is £14,873,927, showing an increase of £113,112, when compared with the preceding return. The French journals profess an expectation that the Marseilles Bank will shortly be able meet all demands in full. Messrs. Gouin and Co., of Paris, are understood to have called upon their shareholders to pay up 15,000,000 f. so as to enable the bank to resume. Letters from Bordeaux state that the general excite ment occasioned by the French revolution having passed, commercial affairs were resuming their former activity. The Nantes advices report that their banking adminis stration were doing all they could to afford customers fa cilities, and the merchants were anticipating a favourable -frairs. Adviees from Belgium are encouraging. Cfidence was reviving. and within the last two days the banks had discounted liberally. At Antwerp, although the Bourse was open. there had been but few bargains, at rather unsettled prices. At Brussels the Societe Generale were holding out in ducements to the depositors in provincial savings' banks to convert their deposits into bonds of the society. with the view of increasing its financial resources. The failure of the house of M. Messel was mentioned. From Hamburgh it is stated that nothing can exceed the prevailing dulness. Ai Frankfort business had been recommenced on the Bourse, with better prices for nearly all public securities. Letters from Amsterdam announce the failure of the firm of A. L. Von Harpen and Sons, this being the six teenth house which had stopped during the week. A strong feeling of apprehension still prevailed. One favour able circumstance—the resumption of Messrs. Westen dorp and Co.—took place on the 6th instant. Advices from Naples up to the 2d instant, state that the funds continued. heavy, the Five per Cents. being 991. A loan and a change of ministers were talked of. The following is the latest commercial information from New York : Exchange on London remains pretty much as per lists. The best city bills bring from 10 to 104, but the quotations may be fairly stated at from 91 to 103. For French hills the demand is rather better. and we hear of sales at from sf. 22c. to sf. 20c. FLOUR.--1 he market continues firm, and prices are about 221 c. per barrel higher than on this day week. The arrivals from New Orleans have not been as heavy as many expected, and many wester► brands are becoming scarce, consequently holders of Genessee are not disposed to sell at less than $6 25c. to 13'6 371 c. GaAtt.—For milling, here and at the east, there is a good demand for wheat. The exporters do not take it at present rates. Among the sales are 1,500 bushels Genessee, at 136 to 137 f ; 3,000 bushels on private terms: 10,000 bushels Ohio and common Western, at 118 c. to 130 c. COAL.—Sales of Liverpool Urrel have been made at 88 50c. four months, and of Pembcrton's, at .85 75c. cash, which is a decline from last week's prices. A cargo of Newcastle has been disposed of on private terms. The market is rather heavy. FREIGHTS.—Rates are low and but little freight offering. Corn has been taken. to Glasgow at 6d.; oil and lard, 20s. per ton. To Liverpool : Cotton, per 1b.,3-16d. ; beef, tierce,2s.6d.; beef and pork, perbarrel, 18(1. ; flour, Is. to 15d.; turpentine, 18d. ; heavy goods, per ton, 20s. ; grain, per bushel, 43d. to sd. MOVEMENTS OF COTTON IN THE. UNITED STATES. Receipts at ports of the U. S. since Sept. 1, 1847 1,183,193 bls. Z , ft same period last year 1,211.218 same period the year before 1,147,102 Exports from the U. S. since Sept. 1,1847 597,707 „ VP same period last year 492,498 same period the year before 577,519 The receipts at New York since the Ist inst. have been 31,000 bales. Exports, 10,000; taken by spinners, 14,000; stock in the city, 38,000 bales ; amount on sale, 20,00. THE CROWDS ON 'CHANGE. It will be seen from a statement elsewhere that for several days last week the area of the Exchange was crowded by a number of persons, who congregated there each afternoon, without any ostensible object. On Thursday an address from the porters was posted on the walls, " to the merchants and brokers," setting forth certain grievances to themselves and also to the shippers and receivers of goods, from the present system of master porterage. This, it will be found, by an advertisement in ene of our columns to-day, caused a meeting of the magistrates, who admit the grievances stated to a cer tain, extent, and announce their determination to re medy the evil so far as they have the power. We append below a remark on this part of the question. On the same day a workman presented one of the pla cards alluded to to Mr. Rushton, at the police-court, who on.:perusing it stated that he should lay it before the mayor and magistrates, and strongly urged the complainants to be peaceable, adding that if the system of master porterage as now pursued were according to the late act of parlia mept, the porters must, if it were oppressive, petition for its abrogation. He advised that they should cease to hold meetings at the Exchange or elsewhere, as such might be injurious to their cause. At the meetings of these work men on the Exchange, Mr. Dowling mixed with the crowd and conversed in a kindly manner with them, counselling -'-'•-••••• above all things to keep the peace. Some few lads .......... __ • • .• - _---:,:„ and mischievous idlers emcee! a c0mp....,..,.., hy ..., shouts a intemperate expressions, to excite a disturbance, but wi hout e ff ect, the porters themselves observing becoming nil pa ience and forbearance. On Friday the advertisement we have alluded to was posted as a placard, in various parts of the town, and its judicious, just, and conciliatory character had the effect ofpreventing on that day any formidable gathering of the men. The magistrates, in fact, admit the grievances c i tplained of, and show a willingness to aid in seeing t m redressed. Every precaution was on that day and Slturday taken to meet any sudden outbreak, by swearing in: special constables, giving instructions to the police, &c. . . i,[iVith reference to the placard issued by the magis trtites, it is but proper to state in behalf of the master pchters under the new act, amongst whom are comprised mhny of the most respectable merchants and brokers in the town, that they are not at least the immediate parties w4o are to be blamed. The new system is assuredly irn cal to thb interests both of the master porters and the n. The former for the most part cannot themselves alltend to and overlook the labourers. The majority of tile master porters are not guilty of any of the practices c4ndemned. The system must, however, be amended in id some way, for it works badly for all parties, as is testi -4(1 by the following memorial to the Dock Committee, wihich was signed in a very short time last week, at the Erchange News Room, by about two hundred of the most respectable merchants and brokers in town :—" Liverpool, 9th March, 1148. Gentlemen : We, the undersigned merchants and brokers of Liverpool, some of us being r4gistered master porters, having given a fair and impar tial trial to the system of quay porterage by master por ters, only recently introduced into this port, beg to repre s4nt that the said system has proved most unsatisfactory, our property being abused by the awkward handling of un skilful porters, while the charges have far exceeded the ainount for which the porterage could have been effected by ourselves. We, therefore, respectfully request, that you will be pleased to abolish the system of discharging vessels by master porters only, and order that in future each consignee or importer of goods shall take charge of his own property on the quay, as formerly."] ' On Sunday however great numbers again assembled in consequence. of the following placard : "Public meeting. Good and royal subjects of her Most Gracious Majesty the Queen are respectfully requested to meet, at three e'clock to-morrow afternoon, on the Exchange-square, to take into consideration why British artisans should have to pay dearer for everything they consume than any other people under Heaven; and it is hoped that some good citizen will pro pose a remedy for the above grievance, which is breaking the spirit of the English people, and will ultimately sink the na tion.—A British Artisan. March 11, 1848." • • The above placard, which was printed in red on a white ground, bore no imprint upon it. It was not posted till early on Sunday morning. Though no effect was appre hended from the above silly production, the magistracy assembled at the Town-hall, and took every precaution which prudence for the public safety could suggest, and as one step the following placard was immediately issued by the Mayor:— "BOROUGH OF LIVERPOOL , "Notice of the intention of holding a public meeting thisday having been posted on the walls, I, Thomas Berry Horsfall, hereby caution all persons not to attend it. The meeting is called anonymously, and it is believed by strangers; and the Mayor confides in the Loyal population to aid him in his de terminationto preserve the peace of the town. "THOMAS BERRY HORSFALL, Mayor. " Town Hall, March 12." A strong body of police were stationed in the Sessions' House, and in the central office in High-street a large :force was also kept in reserve. At the hour announced two or three hundred individuals, "to see the fun," had gathered upon the flags ; spectators cohered, and the crowd received instant accession from the crowd of well dressed people flowing every fine Sunday towards the pier heads. Birkenhead for the nonce was deprived of its parading visitors. The crowd, an aimless meeting, was gathered, but no "goodcitizen" appeared to address them. There was no excitement, no rallying point, till Mr. Dow ling, who was unknown to the mass of people there, mingled with the crowd, and proclaimed, like a " good citizen." to those who rushed round him, that no meeting was to be held. The crowds at last perceived the hoax 'which had been practised, and gradually dispersed. . Yesterday, a rather more alarming, yet equally silly, • demonstration, without apparent definite aim, took place in the Exchange area. Crowds of idlers, men and boys, but chiefly the latter, began to assemble on the flags and the adjoining thoroughfares, and these greatly increased towards three o'clock. Numbers of well-dressed persons were attracted to the spot, and so swelled the assemblage that shortly after three o'clock the flags were nearly filled, especially on the east side of the square, opposite the north door of the Exchange News-room, where a man, apparently drunk, and a number of youths and boys caused, by silly broken expressions, followed by shouts. jeers. laughter, and occasional hustling to get up a disturbance. They succeeded only, however, in causing rushes of the people to and fro, and there can be no question but that pickpockets, and vaga bonds of elder growth or practice, bad urged on the boys in hopes of a row, by which they could make their harvest. The business usually transacted on 'Change was of course for a time suspended, and at length matters having begun to assume a serious aspect, it was deemed prudent to call in,. shortly before four o'clock, a strong body of police who were before quartered near the spot. These, marching in an orderly and determined manner, urged those present to disperse. It was but ne cessary to make such a demonstration to induce the greater portion of the assemblage to move off. Consider able numbers, however, of those bent on mischief declined to move from the square, and the police, naturally be coming impatient at this and the insulting language used towards them, used their sticks with considerable, but it is generally thought necessary, severity. The result was a few broken heads and bruises, but nothing serious. The effect was almost electric, and the flight general in all di rections, the feeling being "sauve qui peut." A tremen dous rush took place in the direction of and along High-street, the north end of which was so blocked up that young and old were thrown down over one another until they lay in heaps on the ground, out of which they were very soon hurried by pokes and knocks from the police. In a very few minutes the Exchange flags were cleared of the greater portion of those who had filled them, and Dale-street, Castle-street, &c., were crowded by many hundreds moving. We should think that not fewer than 3000 to 4000 had at one time congre gated at the Exchange and the surrounding streets. After the dispersion, which from its rapidity was somewhat lu dicrous, the police bodies occupied the ends of the several avenues leading to the Exchange, and effectually kept out .known or suspected persons, permitting respectable parties who had business there to pass and repass. It was, we think, indiscreet in strangers and others in respect able society to swell the crowd that had collected :by mingling amongst them. Had they absented them selves the thing would have died away without any inter ference of the police. Of equally questionable taste was the appearance of gentlemen at open windows in the un-. derwriters' rooms, and Merchants offices facing the crowd, :and immediately above the densest portion of them. At lour o'clock many of the shop windows in Castle-street ,and Dale-street were closed, in case of breakage of glass : -but this was unnecessary. - The fire brigade - were at hand, and prepared to drench the multitude had they lingered after the first charge, in which case the merely curious as well as the mischievous. would have got % cooling by no means agreeable. We are glad to learn that the working porters so far as could be observed. took no part in the intended disturbance ; and that the loyalty of the people at large remained quite unshaken on both days. The greatest praise is duo to the Mayor for his watchfulness and caution, and his forbearance combined with firmness, in conserving the peace of the town ; and his efforts have been anxiously seconded by his brother magistrates, and by all the civic officers and 'others from . the highest to the humblest. These pre cautions of the aaihorities taken and in preparation against any further disturbance, (should such unhappily arise—which we do not apprehend) have inspired the public mind with the greatest confidence. A body of regular troops have arrived from Chester. A large number of special constables were also yesterday sworn in, in addition to many before. About 5 0 0 of the men em ployed at the yard and works of the Corporation, have also been taken up as constables ; and the police are so divided and instructed, that large bodies of them may at once be brought to bear upon disturbances that may show themselves in any part of the town. About five o'clock, some id.l4 fellows, who had been driven from the Exchange, took it into their heads to roll about some of the casks intended to be used in Exchange street East, for the consolidation of the new pavement there laid down. They were soon put to flight by the police. Soon after the dispersion of the crowd from the Ex change, some of the fire brigade, fluting a crowd at the corner of Hargrave-buildings, played upon them from the water mains, and got them away, the mass of them seem ing to take it as a mere amusement. There was a rumour of a disturbance in Richmond-row yesterday evening, but it turns out that it was merely a, resistance made to the apprehension of an offender by some of his co-mates; that the case bad nothing what ever to do with any of the proceedings at the Exchange and that such attempts at rescue are more or less of daily occurrence in the rough districts of the town. At the present time, ten o'clock, all is quiet through out the town, and there is no indication of any clisturb, once of the EXAMINATION OF MASTERS AND MATES.—At a meet. ing held on the 7th instant, Capt. Edward Joseph Allen, master of the William Botsford, of Liverpool, and Capt. Thomas 'Finley, master of the Nith, of Liverpool, were examined and found duly qualifi.ed for kret *so 'motor! ,ctztificatv), March 14, 1848, LATEST INTELLIGENCE. (BY EXPRESS.) The Chartist meeting on nemnington Common yesterdef turned out a miserable failure. The military were under arm/ but there was no occasion for the m . _ On Saturday last, about half-past 11, a.m., the entire viaduct over the river Nidd, at Knaresborough, which was nigh being completed, fell in with a tremendous crash, caused, it up thought, by the heavy rains. It consisted of four arches (the centres of which had not been removed), each 50 feet span And 80 feet high. Fortunately no lives were lost. MONEY MARKET—YesrsanAy. There being nothing prominently new in the foreign intent* gence this morning, the market for Public Securities has exhi bited a more limited range of transactions than has occurred since the first outbreak in Paris. Consols have been done from 801 to for the account, and for money from 801 to still keeping up the same character of the money quotation being nearly 3 per cent. higher than for time. All the other stocks, the dividends of which are payable in the April quarter, are now shut. Exchequer Bills are 28 30, and India Bonds 12 pin• LONDON CORN MARKET.—YESTERDAY. At this day's market there was a limited supply of Englisk Wheat, which met a brisk sale at an advance of Is. per qr. on the currency of this day week. For foreign there was also an improved demand, and sellers had the turn of price in their favour. Barrel Flour is steady. Indian Corn on the spot was generally held for Is. per quarter advance, but there was less demand to-day for floating cargoes , Fine Chevalier Barley sought after at full prices; secondary sorts, however, vfrx difficult of sale. Malt remains dull. Hog Peas Is . .to 25., and boili n g, 2 s. t o 3s. l ower, Beans i n better demitmt, _tar, The supplies of foreign Oats are liberal, which checked the firmness perceptible at the end of last week, and few saki were effected over the currency of last Monday. SMITHFIELD CATTLE MARKET.—YESTERDAY. The beef trade was steady at last prices. The numbers 0 1 sheep were small ; from ss. 4d. to ss. 6d. per 81b., but no trisk demand. For calves the demand wasfirm, and late prices paid. Prime small porkers sold readily, at full prices. All other were a dull inquiry. HIGHLY IMPORTANT FROM IRELAND. FROM A CORRESPONDENT.) Dublin, March 12. It is with much satisfaction that I info'rm you, that, although the peace of the city is threatened by the late seditious movements of the Repeaters, we have every con fidence that the peaceable and loyal portion of the people will turn out to a man; and repress any, the very slightest, outbreak that may take place. To-day, the Provost and Board of Trinity College met• after divine service, and unanimously agreed to an address to his Excellency the Lord Lieutenant, expressive of con fidence in his Excellency's wisdom and determination to uphold the peace of the city, placed as the government now is in a most awkward position by the unwarrantable conduct of the Young and Old Ireland party. The Orangemen of the north, ever foremost in pro moting social order, and observing a respect for the laws of the land, have also strengthened the hands of the Ex ecutive. Meetings have been held all over the north. in which that body have agreed to addresses of confidence in the Lord Lieutenant, and declaring their determination and readiness to come forward at a moment's notice, and render every assistance to the Government to maintain peace and order. KINSALE ELECTION. Kinsale, Saturday Night. This being the day appointed for taking the poll at this election, the ceremony passed aff quietly, and without the least disturbance. At the commencement the Con servative candidate, Lord Robert Clinton, took the lead, and, at 12 o'clock, was six ahead of his competitor, Mr• Hawes, the numbers being— For Lord R. Clinton B5 For Mr. Hawes 79 The entire polled up to that hour was 164, leaving 30 still to record their votes. Towards the close Mr. Halve" gained ground, and won by a very small majority—not more than five or six at the farthest. The precise num ber we have not been able to hear, as the official declara tion was not made. LATEST FOREIGN AND COLONIAL. The utmost joy prevailed in Switzerland at the news of the Republic in France. Accounts from Naples of the Ist instant state, that Ott that day all the Ministers tendered their resignations/ which were accepted by the king. The endeavours of Lord Minto to effect a reconciliation between Naples and Sicily had completely failed. All the letters received from Vienna described the deep impression produced in Austria by the account of the French revolution. The Court was in a state of constev nation. Alt eyes were fixed on the Prime Minister of Austria, and Cabinet Councils succeeded each other with out interruption. Fears were entertained for LorcbardYr where agitation continued to increase. LATEST FROM .PARIS.—We are glad to find, from the Paris papers of Sunday, that the most perfect tranquillity continued to reign in Paris, but there seemed to weigh upon the public mind a deep gloom, the necessary cone& quence of the financial statement of M. Gamier Pitgee, and of new disasters in the banking and commercial world, the most important of which was the suspension of , per ments by a banking firm of some importance, intimate!y connected with railroad undertakings. The firm in que tion is that of Messrs. Laffitte, Blount, and Co. Lord Brougham is recovering, and will leave Cannes for England at the end of the month, travelling by easy stage The life of Annette Meyers, who shot the soldiers ww be spared. Sentence of death has been respited. and Lord the il a r same dinge d a a r P min d* The Five Sisters was lost last week off the. Higm—i t o of Scotland. AU hands were lost. She was bean" f v o e r d v a e t ni A ce l . exandria on the 29th ult., Glasgow, from Lisbon. On Saturday, the directors of the East India Campo'' , entertained Viscount Falkland at dinner, at the Ltindots Tavern, Bishopgate-street, on the eve of his departure tot assume the functions of Governor of Bombay. The Rev. Moses Margoliouth who has been employe& on the shores of Carthage in sowing the seeds of the Ges' pel for several months, arrived at Malta on the 28th ult., from Tunis. He is now on his way to Jerusalem, IC° attend the consecration of the new church there. ' _ The ex-King and Queen of the French remain in re . tirement at Claremont, surrounded by the members their family. Both are in good health, and the chane in their fortunes appears to affect them but little. ex-King takes occasional airings in a private carriage, is everywhere treated with marked respect. THE FRENCH EMBASSY.—His Excellency the Coal de Jarnac is at length relieved from his duties as Fren c l Minister at this Court. On Friday last M. Cottu arrive,* at Hertford-house from Paris, charged with instructio ns ' from the Provisional Government to receive from the Count de Jarnac the archives and seals of the Embassy His Excellency having delivered over the s ea l s , took v""' final departure from Hertford-house, a n d i s now re siang at the house of his noble brother-in-law, Lord Role)", Grosvenor-square. ST. BARNABAS' CHURCH.—A series of Lent lectures ig now in the course of delivery on Sunday and evenings, in this church. Two have already been AleliY.".: ered, and the subject of that for to-morrow evening vriu be,—Church Authority • Second Sunday in Lent, March 19th,—Justification; 'Wednesday, March 22nd. -- Fut ure State ; Third Sunday in Lent, March 26th,—Sanctifi cs* tion •, Wednesday, March 29 th,—The Sacraments • Foal Sunday in Lent, April 2nd,—The Creed ; S un day ne before Easter, April 16th,—Sacrament of the Lord's Sub' per; ; Wednesday, April 19th,—One Mediator ; Go t : Friday, April 2lat,—Christ lifted up ; .Evening,—The Offering. The two Wednesday and intermediate id " Evenings between April 2nd and April 16th are unavoal" ably omitted. Wednesday' ST. PATIUCHPS DAY.—The Irish Government bad g long consultation on Friday with the heads-of the militia"( department, and every precaution will be taken to P serve tranquility in the event of the republican,. sYn 3 P.„ 9 " thizers persevering in their mischievous intention to memorateSt.Patrick's day by a demonstration of physlul o force to overcome the Executive Government. There, ue already considerable excitement in Ireland among f btu operative classes, and nothing is thought or spoken.° no the approaching manifestation of p o p u l ar _ feeling- Friday afternoon a second edition of the Freernat, Journal was issued, for the purpose of laying before t',l public, with all possible despatch. a manifesto, address!: to the people of Ireland by Mr. J. O'Connell. The WI gentleman is evidently in a state of trepidation at th e P'7; bable e ff ects of the storm which lowers over, the hori z Oi and towards the raising of which he has .lent the lim it ' share of influence he possesses over the public mind. bir LIVERPOOL HORTICULTURAL SOCIETY.—The mon t 4 meeting of this interesting society was held , l a st night , the Clarendon-rooms ; the attendance was munerou4, e tA Mr. Leatherbarrow. jun., presided. The names of scv ; I R new members were announced, including Mr. Ge ° o3 , Cunningham and Mr. Skirving, nursery and s2edsnv, Several beautiful plants were exhibited for prizes, nail l ' o 4, an Azelia Moreana, a new 'variety, from Mr. Gla ' as l l u juin Olive Mount, William Brown, gardener ; a Cora — Varium Nana, from Mr. Thos. Morris, Thos. Thorn gardener ; an Azelia Ledifolio, from Mr. Musgroveilta, seryman ; an Archideous plant, the Dindrobium (we did not obtain the grower's name,) and an Azelia of 0 • bor Perfecta, with a pink,and a white blossom upon , i , be stem, from C. Blundell ) Esq., North, gardener. h ' stem, corosimium obtained the prize. A discussion on the „.04 modes of heating agricultural buildings was then res th- ot lf from last month's meeting, and the speakers eloq ue ,t oe expressed their various opinions and experiences , m ° e et' them in favour of the hot water system; but as the pear ing did not commence till an hour after the time our reporter could not await the T icle • .. t We are compelled tomit a number of arts from on/1 1 ' eseli f impression. t le tt fe- e We have received a long, pertinent, and highly importV from a " Wine Importer," complaining that the MV OI 2 O specting the system of licensing porters had not. 0 1 : g, mated to, their body for signature —as they have 1,5 t & cause of complaint ta any other class of meraant s- 101 3 70 import," he says, " 'nor 20 hhda. of wine, they, are l ive sampled, and warehoused by porters of whom , ci e ".4 knowledge; and if there is a like number of gallon d0e4,10,11 I have no'reinedy ; indeed, no importer can, have c in strange servants. This is the general dock systeo" that of the Albert Warehouse is somewhat w.orose 3;0, LIVERPOOL CATTLE MARKET, MAlt c— r o'o The supply of stock at our market today was rata- pric,i, end as we bad a numerous attendance of custom e r to were a little higher. Beef, 54d. to 60.; Mutton , 74 • ---- BIRTH. - ---- -- 1 ,- 0 4° On the 4th instant, at Carter-street, Upper St"bo -s Mrs. WILLIAM INKSTER, of a son. DIED. the 144 On the 10th instant, at Brt4chton, in his 85th Ye ar ' 0 11/ ' Hon. On the i Lord oth i GEO nstant, at RGE SEYAI Upper OUR, Duke-street, elas. 1 31 14' 104 l i 0, Miss AGNES BAINES, fourth daughter of Mr. Toxteth-park. On the 12th instant, atMosley-vale, aged 17 ow nth— 3' 1, enter of JAMES N. HOLMES, Esq. __._ A., day' I LIVERPOOL: a A 8. TUESDAY, MARCH 14, la -- 0, ,„.,. PAINTED AND PUBLISHED NA I' i 'EVERY TUESDAY M 0 n tree t, 0 By JOSHUA FLRIVHER, LACE o f 53, Oro" tr ot. LEONARD. A.UDISON, of 14, Went Orford-?..aaso Ai NC 4, Bt.liii#4o4ol CliAlicE,T, LOW' OCL