The Liverpool Standard and General Commercial Advertiser. — Liverpool, Merseyside, England, 1847-08-10 00:00:00

1847. the sum of .nity of Scot !eking to buy :iety will find )er cent. upon its, 26, North a good and a-street, con ker of a street nnum. Price nts, 26, North t and hand k Ferry Park, cached. The" om and Dravi -1 13 feet high ; ;-doors to the 'eight ; capital iamber Floor, 14 feet high ; k-room, Dress he next Floor, ellar, Kitchen! Laundry, and ler inspection, iter and other g the Painting an incoming BROWN, Rock Agent, Office, _-_-- it FAMILY Le Residence of m's-building g r BE LET. 1, about RP.. HOUSE; with he day. Itent 1 COUNTRY e of Keswici• 17, seven Bed G- H OUS Et Derby, with $ Twelve to Tiro , 1 Mr. GEortos SE, suitable cording to the sting a yard on also fronting a Liverpoa the west side of , Wash-house, ►ad Breakfast- id Scullery, 0I; )oms, Hot and second floor; t side of Pros t for habitation Ale, and Luta .ment ; y, Kitchen and ms (Two beolq ter-closet, .1.1" has a Garden , rds ; both are ; or to Messrs• art, Liver. ssion, refo. a large FarnilYi fertile banks ° gamic scene r y : e ' ng Shropsbi r , 'ee miles, Ove Drawing-ron rary, 16 l ti : wen other P e two Kitchel l _ lers, and otile..`, ring, two foli e -houses, Sa4"„t h er convelv e `; Inn., Garden id the e acres 0f undred od id there Is g- wo miles of tile JONES, W 1 Thmriwi' ml# __ _ .. ,_ ,• , ICKFRI.4O"' IS, Bart., )I•l''' ty-Ghairn' an. R. and SON:, V, pirr,zoNT.A'' ,ffered by tilis Ofg " any other c o. profits, an .e So- L Aasuranc the WUOI be] ie Fifth An i n e w it . :ipating Sca n of profitswe , :ent. on the "`" to since the ISt tamed on all treet, Liverp" 5, Croinforll' SSURANC RPOOL tritages : ,atia f rnonthly, o' Ito. do. do. do. do, iTEN to 1.1 JoHN-s o .y, Secret FICES, T.G PEN u l,ef , prevent Or ei c hands. 3 u 1 ,15 t) ts hitherto!,°oo., I. 78, or ',.0 )4 ! , Ind highly fVP,I • 10s. Pe r . 1: ,111 Of an inch thi c ,t l, l .s rom the leirette ordinary iWNE I h VDOY A rt°l societY °I ith Messrs. 05,0 ee and Pr r icl l ,l, enth an ( ' bkP" lIERO faC - 111" fns mar', 6 ;d mitidemoi o ur o ,f , mts b c r ° e , ilisP ei Taf t Ve :„ 'hether.e po nderal • inOiL!- - r PIIPIIS.tiIV. treet I t ; e et jeci Parker Zi a tio TS anu r 7.4 ng. 10, 1847. talantrb. THE TEA TRADE. wANTED, a YOUNG MAN, who understands his Business. Apply to Hows and COMPANY, 2, Bold-street, Liverpool. WANTED, a steady, active YOUNG MAN, of good character ; one accustomed to the Grocery or Tobacco Trade. _ Apply to WILLIAM PROCTER, in, London-road. HOUSE WANTED. THE Advertiservishes to RENT a BOILS' for a small Family, within the suburbs of Livi near to an Omnibus rout. The neighbourhood of aa.• 111111 l V VIAL• a a p and a detncb e d R es id ence w ould be referred, but indispensable. Rent not to exceed £6O per Annum. Apply by letter, to W. R. C., Box 0 15, Postoffice, Liverpool A LADY English rous of improvement in M Lisit and an h et . r.oucation, wishes to enter a SUci , assistance in instructing would be considered writ. Referenc es w ill be given and required. ~..,Address, (letter s prepaid,) A. 8., care` of Mrs. 53, Whitechapel, Liverpool. A equiva A:GERMAN PROTESTANT LADY, educated in 'Paris, wishes to meet with a SITUATION as RESIDENT or DAY GOVERNESS, either in town or country, in a Noble- LS a uaaazty. 'Besides the usual branches of a solid Education, she teaches 'fiierman, French, the art of Singing, and the Piano-forte. References of the highest respectability pn . be given. Ldard-ofKs TO PARENTS AND GUARDIANS ACLERG)(NlAKOlthe — EStablishedChurch,residing in a Continental Town, within one day's tourney of Lon don, where French is universally spoken, and the German Lan guage acquired with facility, is desirous of meeting, with a few PUPILS, without restriction as to age. To those intended for the Church, Army, or Commercial pursuits, the Advertiser can • offer peculiar athintages. Terms nioderate. Unexcepnonami references will he given. Apply (by letter, post paid) to E. J. 8., Standard-office, •Li verpool. Wof Liverpool, NTED, fo National School, in the be qualified tc Grammar A fair rein TO CARPENTERS, &c. THE Guardians of the West Derby Union'a I_ of CONTRACTING for the SUPPLY of COFF Interment of Paupers, for the ensuing Twelve INIm 17, Clanton-squa t NICOLL'S PALETOT, OF LLAMA 'CLOTH, I 6 AND 7 Vic., CAP. 65.—Messrs Nicoll, Court Tail Regent-street and Cornhill, London, h spectfully to announce that MESSRS. DANITI SON, of 110, Bold-street, Liverpool, will continue to be their sole agents for that town, and will have the exclu sive sale of this fashionable Coat. Messrs. Nicoll can N AND most cheerfully recommend this establishment tk their pat rons res idi ng i n i ts ne i g hb our h oo d w ho i. quire, with the Paletot Coats, either Dress or Trousers, Waistcoats, &c., MESSRS. DAWBARN SON being constantly supplied from London with every the same improvement in taste and fashion, and more particularb T ob Principles of f • - 1, • Frock, 'TD eir own essrs. Daw- usmess .Or Wli firm is now well known are maintained by M. barn, viz, very moderate prices, coMbined with every ex cellence of material for prompt cash payments. Messrs. N. are well aware that there are some fashions which have so little of the pimuipaw 1.11 1.11.11 Mi. LUCy DCl— dom survive the fluctuations of a single season; others, which from their intrinsic merit, acquire a firm footing in public esteem and enjoy a more extensive vogue in pro portion as they become known to the public. To the lat ter order the Paletot has an undoubted claim, as by its unassuming, yet gentlemanly appearance may be ascribed the constant patronage of H. R.'ll. Prince Albert, Prince George of Cambridge, His Grace the Duke of and V- - -91 - ^ a ne principal members of the senate, the pulpit, and the bar. Price of Paletot, rich silk lining, two guineas and a half ; not silk, two guineas. The Paletot D'Ete, only weighing a few ounces, one guinea. 110, Bold- D Saturd ay , izby At the n om i na ti on f or th e C oun ty of Monmouth, on hlad( M w r o . rt o h etavius Morgan was proposed by Si CRICKET .—On Friday and Saturday .s, a match Merton and was played between the first eleven of the the second eleven of the Cambrian, when the score was as follows :—Cambrian 34, Everton 71. In the second innings four of the Cambrian scored nine, when they gave up the match, the Everton consequently winning in one innings by 28. Th e E verton b e i ng only formed, they have acquitted themselves very IE9 . GA - It.—A number of beggars, mai Inn ne ,11,..'ere yesterday brought before ;. In the pocket of one 2s. 9d- Se‘ 1 of them various r Rusht the po EXHIBITIC been notified InentallN usual self:o Companies rflative bri light was one suppl ;ht, and ng to - the )f the light, lit was ad the others weremaueinex. ajf conformits of Capt. Sarsfield. At a . three lights, the. green conabe and E light, were displayed on ih - e -- 6he rent. Though all the light s in a line, the green gremont, when the result was at once appa light appeared far more ist w a e n r t e placedand equally less distinct. Indeed, it was totally condemned by a great number of cantaing ..1% , ,a -, ivernmea agent her 'ecti on ut a quarter to ten o'clock, the the red, and natural coloured ire shore between Sea- HER IVIAJESTY'S VISIT TO TH oWluriliboevehilygicillu highly gra tifying to those who are anxious to view and with it to enjoy a delightful marine excursion, to learn that one of the Isle of Man Company's steamers will leave here on Saturday evening next, when she will, doubtless be aecomnanied by hundreds desirous of testifyi nc , , • , others connected in rnOratinie of s present. pany ..gemets for another heir power- ful boat s t o l eave w i th then royal squadron. of t The Queen is to touch, on her way from the Menai Straits to Scotland, at the Island, on Sunday ni g ht or M on d a y m o rn i ng ,— so that, t o business men, -only one day will be lost. As this is the first occasion upon which a crowned head was ever known to touch the shores of the Isle of Man, we may expect to hear of great rejoicings upon the occasion, and much that will interest the spectators from Liverpool. We are ll's-- he advertisement in another e made arrar dv erceive, - column, that, to no p twithstanding the paramount nature of the attraction, the fares remain as usual, is. 6d. for the cabin, and 3s. for the deck. LlAmir lrmsr OWNERS OP SHIPS TO PAY SEAMEN ..:icK.—At the pchice-court, yesterday, a seaman named James Ham Goss who was evidently in bad health, appeared before Mr. Rushton to claim a balance of wages which he alleged to he due to him by Mr. James Baker, one of the owners of the schooner " Science." The ap plicant stated that he had been engaged as chief mate of the vessel in a voyage hence to Constantinople and back, which he had performed, the vessel having arrived here about five weeks ago. He admitted that he had be , - 11 . _ at Conshint;,,,..-1- ..teen. vie and during the voyage home, a bale of fallen upon him, which disabled him from Iwis duty, and from the effects of which he still c's” some time in the hospital, and r. Baker said that he was not )wners of the vessel, owed vessel had aware ti captain said all a to know at the ho bier, if he had remained th twelve the owners would have had to awn that t Rushi - o7; made wa . With respect to the •question put, liable for all hospital ex ses, even fault of 7-t make the best bargain they could. Mr. Baker then agree to p a y the" balance due, £8 Is., and the parties withdrew 1 . 1013 E " T EATHER AND TIIE CROPS IN THIS 'NEIGHBOUR rad • In an arti c l e e l sew h ere w e have noticeo the ,i n appearance of the crops throughout .4 7 h .? our last publication, the fine, dry, warm weal. broken("e had Previously eXperience4 has been sowewl but ~ 111 1). On Thursday it rained almost t o 4 1. ..%-nd not amount to a flood, so that no injury accrue( ',rind; not corn suce,,!Peceeded. nr rather y worth of notice, especially as dryim the country _ n of squalls,— thoughout . 10,77‘1%.,g showers, and continued nearly morrui --- weathe r w • need yesterday ,mrntiar w which it moder t as "Pelle day upon the whole su o neral Led .. , and the pended by these d'os Harvest to some degree f — ro 's m — t"lTe .7 west,-west, b_ of the he- - fieldswnfzsf codusro.,me and oats. now about re ady ' f an, the sickle, we' not to any serious extent for the have sickles of wheat already in i'll stook, - prove tint and ear. Should ,the remain e der of this wee ' t ature dur the reapers Will be bu '1 atne temper si y at work. Ing the rain was rah of the wheat sprittin;r eceo,elll o h where fully ripe to eh has greatly adv'anced 0 rasses and nil-- -;... -, ' there was t in, wit vy wheat heavy both in stray no dange The moi turnips, mangels, after 11 of which look well, botl We 'hal; 'ty of 3 rowth, an and we ar ex pressE ,ntlem an anyhere but in lar Df trees or other barrier : cap. do n-O-1 to healthy tation as to ani fbloxis of insects ; .3') morning we shall have a new moon PObably tenet to ettle the weather, t) pric mon, ~lu~h ~ :a: desirous S, for the he ad irr THE NATIONAL ANTI-GOLD-LAW LEAGUE (From the North British Mail.) Glasgow, 7th August ing of t We briefly mentioned yesteri Anti-Gold League —a name which must not be supposed to imply that its members are in any way opposed to gold in its proper place. The league, which is enrolling many members, and acquiring considerable influence, is merely an association for what may be termed a radical reform of the currency. It does not stop with the repeal of the acts of 1844 and 1845, but reverts to that of 1819, with a view to a complete change of the principles that were then adopted. We insert to-day a full report of the pro- !edings. Thel; is not the slightest doubt that the law of 1811 was passed without a proper knowledge of its tendencies by men who were thoroughly ignorant of the subject on which they legislated, or if some ideas of its character and purpose strayed accidentally into the minds of the Boetians, by whom it was made law, they thought them- cured by the corn and provision duties, and st. The people were threw this sop t 6 the n _ forgotten between the two parties, or rememl in the way, and for the purposes, that a bee-keeper r liis hives in autumn .ee with many of the , -,tatements made b] the gentleman who addressed the League. Over-pro duction and over-population are unmeaning terms, miles We fully to do witl hatever, or a fixed currency. Fixed prices Of anything are statesmen's follies. They never can be acc and every attempt to realize them must be E severe suffering to the productive classes. In ft they ;have led to those panics and hurricanes in mercial world that have ruined prudent trader duced thousands of families to, be , - crime. ary, and often to When we speak of touching the law of 181 law of 1815, and the law of 1827, relating is nothing naturally more sacred in mone W e only T to buy ( It is, in point of fact, a mere instri ,hed without ght Tray t nothing whatev but men !ek remedies until the disease. The people of this country are not a nation c hypochondriachs in their public character. They politically nervous, and will not seek change for i sake. But the present current laws are condemned .'hey are working the utmos ashion of the tim• Ve shall therefore be I es is not for doing thin; on 1819 in cou :e two years, but red 1819 s hy hal . of two ye On Thursday evening a crowded meeting w Hall, to hear a lecture from Jonatha Isaac Bucha London, on the curren BUCHANA.N, who, on WI •eceived !mblage the words O'Conr used to quote were very -applicable to th of Glas g classes you not Who would be free, themselves must strike tl: eloquence. would be, and ought to be, unavailing, except for the decided move ment of the people themselves towards currency reform. (Great cheering.) We must, however, bear in mind that O'Connell failed in his agitation, and endeavour to avoid All Mr. liune.an's entlnisiasm a object was too indefinite. Our object, therefore, as currency reformers must be definite, we must go for the total repeal of the causes of the degradation of the working classes, viz., Sir R. Peel's Currency Bill of 1819. (Great cheering.) Nothing but this will effect the end in view, which is to allow gold to rise and fall according to the principle of supply and demand. Sir Robert Peel has fixed the price of gold, but no man can fix or make sta- tionary the value of the gold, and when from its scarcity the value is increased the only way this can be expressed is in the rise of the rate of interest, and a fall in the price of every other property, not excepting the poor man's only property, , labour.. (Great applause.) Such is the come . queueu 01 on- xt.ouen reels restrictions or the currency, by which, as his own father declared , in 1819, he doubled the value of his own immense fortune and gave a monopoly to the monied class. But the principal evil is only beginning to be felt. The evil hitherto experienced, has been a reduction of wages, but we are now about -to have superadded so serious a reduction of employment that he (Mr. Buchanan) ex !etc to see Parliament called together two months efe its usual period of - crif f distress. (A meted tc 'set:Alitlg by the country's Elitherto the law of 1819 had been inoperative hitherto been a 1 ) tar. 'ill of the price of gold has facilitating I he export as a matte ior we tint •sign co T 1 of our own peo.ple's employment, which he Lehanan) believed it will be felt to. be, till other Lions rc free trade with us, it must be evident ndirectly 'eel's in- to' all that the amount of our employment reduced by the export of gold, for Sir Rob necessary as tiie ow ) He (Mr paper pyramid. (Im cheerir ian) viewed it one of tl vi nest of 11 that Sir Robert Peel's i )ad end uppermost. (Ch . . .. A country like this, whose transactions are so entirely founded on the banking system, should remember that we cannot borrow gold ; and if the paper circulation and the accommodation of banks are the life's blood of our trade, d of the employment of our industrious classes, we • 1 l• 11 ought to found:oui Rat ues on to be removed from ihismoun try than for as things have been placed by Sir Robert Peel, the ex portation of any large portion of gold, by bringing to the ground ten times its amount of the confidence and credit of the country, so absurdly dependent on gold as a basis, will cause actual starvation to thousands. (Great sen sation.) __ _ _ . meeting, which received him with all the enthusiasm men could evince to an old and tried friend of the working classes, although he has only been a few days among us. Mr. buNcAX, on rising, was greeted by great applause. He then said, I present myself before you as the exposi tor of doctrines not yet popularised ; but I am persuaded that the intelligence of a Glasgow audience, mindful that every thing now established was once new, will not reject opinions simply because they may be here enunciated for the first time. Prejudice has ever been the opponent of truth, and the ground of mental inquiry has been 'always pre-occupied by error. When Harvey promulgated his discovery of the circulation of the blood, he was denounced as a quack by every medical practitioner who had reached the age of fort when he announced When action of t variety of ca proclaimed a mono Winsor presented his scheme of lighting Lam*, to the House of Commons, he was pitied as a crazy en thusiast, and his plan was rejected by some as utterly impracticable, by others as attended with so much danger that none could tell on what night London would be laid in ruins by an explosion. Stephenson was laughed at when lie proposed to apply locomotive power to the Liver pool and Manchester railway instead of traction by horses; and your own Henry Bell was looked upon as a dreamy enthusiast, when be first floated a steamboat on the waters of the Clyde. (Cheers.) Examples such as these are instructive, and should teach us the folly of intellectual intolerance, and the duty we owe.to ourselves and society to encourage the pursuit of knowledge, by a tfair hearing iton instead of stifling it merely because it counter to 311 with gas the so tceived opinior ition of the wor] nil that the pro, ltly deteriorating, ive a very inade - L r industry. The ,re constantly add toiling mil. cn to be i: lornestic furniture, this explanatioi If distribution were effective, over must be fallaciou 'very hungry man, every .oduetion could not exist ragged beggar, every unfurn' ;lied dwelhng is an emphati doctrine. Nature prompts to and any human law or any social reg protest akiinst th consume which forbids the realisation of what nature dictates, mus be accounted vicious. Give the great body of the people a sufficient share of the produce of their labour, in °the] words, give them high wages, and every warehouse an( every shop would rapidly be cleared of its goods. Tho doctrine of over -production, then, is a fallacy which seek to disguise the want of equitable distran.,—_ is said that we are over-populated. If so, wi do wt. make gigantic efforts to force a foreign trat Is not that done to find consumers of our comtnr ' ?If all our people WPrn able to purchase, should vv., .r an.yl ition ? Does it not seem strange thu. - , c,tctures to the extreme boundaries hear anything should export our manutak— of the earth, while the produces. are shirtless, shoeless, and stockin6 act upon a system which pauperises 1. claim that our numbers are too Brea lime trade by low prices, and it is preciate labour by insufficient .wage proposition :receives a superficial coverinc of those manufacture gess ? (Cheers.) W we destroy our because we de- that the fallacy of th ,unable limit to our productior,,, neither sumption ; the greater the numbers, the gr consumption, aud such would practically be a vicious law of distribution, of our own er the operation of the laws of nature. Em to con I 11S, I , OIIAZI but if er lsist&~i C ignorant, t ith no sym imputed cause rich tl le of c en rise thwart idustriou! 11 meet opp3sed to tilt .cause it gives a special privileg( reject monetary system ; a systeni principle§ of free trade, bee' ,etiods ; for our foreign trade we should lways deal for we mus. the measure of intrin deal with each otl auction us up from •liament in 1819, y a diiy tax on is, one of the aid the TUE LIVERPOOL STANDARD. to the precious metals which are exempted from taxation, and because it fixes the price of gold, in utter defiance of the law of supply and demand. Ido not object to fixing the weight of the sovereign at 5 dwts. 3 grs., but I protest against fixing its price. (Hear.) We fix the weight of the quartern loaf at four pounds ; but we do not fix the price of the quartern loaf; its price is permitted to rise or fall, just as wheat is scarce or abundant ; and on what principle of free trade, let me ask, can you treat the ounce of gold differently than you treat the quartern loaf? This is the basis of the argument in favour of the formation of an Anti-Gold-Law League. The proposition recommends itself by its simplicity, and deserves the support of eyery. commercial reformer. The fixed price of gold in our legal tender money permanently reduces the wages of labour and the prbfits of stock, for the foreigner treats our sove reign not as money, but as a commodity possessing intrinsic value. 'When he has sold his goods in our market, he will take back in payment that article which is cheapest. Now, as gold is untaxed; and kept down permanently by Act of Parliament at its untaxed level, while all commodities require to be raised in price in proportion to the amount of customs, and other fiscal obligations, they are compelled air), it follows that if that increased price is ob. t i- talr^ and excise to sust tained the foreigner will take away our untaxed gota, ant. leave our manufactures in our warehouses. How, then, are we to tempt him to take our manufactures ? There is only one way, and that is by lowering the price of our goods down to the level of untaxed gold, by which means alone we can destroy the competitive antagonism between our manufactures and the precious metals. Hence wages must be kept permanently low, and the producer, instead of the consumer, must pay the customs and excise charged on the food on which he lived while engaged in the act of production. In this cheapness the rich at home participate, for as there cannot be two prices in the same market - , in . the same kind of money, the producer is unable, even in the home, market, to add taxes to tht-, , cost of production. The taxes, therefore, again fall upon him, so that labour, crushed under customs and the purchasing power of the mer, and a that it was a war tax ; to which t answer that the war debt remained, and till its liquidation the war tax ought to have been levied. This same legislature then imposed the corn laws, with a view to sustaining rents, and then returtf6d to cash payments, which permanently lowered the value of all industry, excepting that of agriculture, which was protected by monopoly. (Loud cheers.) Under the bill of 1819. the Bank of England was compelled to pay its notes in gold, at a fixed price, but it ex ercised a discretion in the amount of its issues ; but this discretion was taken away by the bill of 1844, in which Sir Robert Peel most grossly contradicted himself and falsified his own principles. He laid it down as the ligation meant the obligation to pay at all times on demand sdwts. 3 grains of gold, and then he deviated from this basis in five different directions. He allowed the Bank of Eng land to issue eleven millions of inconvertible paper, be cause that amount is due to the bank by the people ; ..0, redly. he nermitted that establishment to issue three _ he gave the power of putting out eight ietallic basis whatever ; to Scotland .nd to Is millions of inconvertible paper on the unfunde the country ban►- a debt ; to millions without any he granted three millions, that in the aggregate we have now afloat thirty-c ands, which, for anything known to contrary, may one day be converted into saw (Applause.) There is no legal obligation wh vert any portidn of these thirty-one million grain of bullion. Such is the gros man who affirms that the true h is to insist that every pound of account convertible on demand - - • then, in the ve iatever to a mone loald incomes of the fundliOlde through indirect taxa presen' isses who live on fixed annuities, is propor banced. Hence, whenever revenue is raised tion, a species of money which will required ; that is, what we need for our int Let .me explain the sense in which I use these I define value to be condensed labour. Price I consider to be the offspring of indirect taxation, and of every other act or government or society which adds to the cost of production without adding to the value of the product. (Applause.) Hence, it follows that in a coun try wholly untaxed, or in one which raises its revenue by a tax directly and exclusively riding over realised and capitalised property, the producer can sell his goods for their intrinsic value, that is to say, for the mere labour they condense (cheers) ; but in countries which raise a revenue by the indirect machinery of customs and excise, which again raise to the consumer the necessaries of life, by placing fiscal burdens on all articles of consumption, it is impossible that goods can be sold for their intrin sic value unless we perpetrate the cruel injustice of compelling the unpropertied classes to sustain all the bur dens of the state. clmmense cheering.) Now, untaxed gold can only represent intrinsic value ; it cannot repress that additional cost which ought to be represented by price—price meaning taxation added to intrinsic value. Therefore, gold money or bits of bullion ought not to form the legal tender for the home transactions of a coun try like Britain, which raises the vast mass of its revenue by indirect taxes. (Loud applause.) Under such a mo netary system, it may be demonstrated that free trade with foreigners, less taxed than ourselves, must prove de structive of native industry. (Continued cheering.) Sup pose the intrinsic value of a hat were 20 shillings, or 5 dwts. of gold, and that a tax of 50 per cent. were imposed on hats. Then the manufacturer, to retain his position, would be entitled to 30 shillings, or 71 dwts. for his hat ; and this increased price he would get, if all foreign com petition were prohibited. (Cheers.) But admit an un taxed foreigner into our market, whose hats are in all respects equal in quality to those of the native produce, that is to ;ay, posiess equal intrinsic value. The foreigner could sell his hats for twenty shillings, or 5 dwts. of gold, since he owes 10s. ' or 21 dwts. of gold, as 07 tax to the go vernment. Sir Robert Peel tells us to buy in the cheapest market ; now, in this case the foreign article would be the cheapest ; we therefore should buy it ; the native producer must therefore abandon his trade, unless he carried it on by losing 10s. on every hat he sold, and in that view he must ultimately be driven into the Gazette. This illustration applies to every commodity which fo reigners can produce ; and the general rule to be deduced is, that free trade cannot be carried on between two coun tries unequally taxed in a legal tender money which only expresses intrinsic value, and does not express price. Am I than a protectionist? Far from it. Do I oppose free trade ? (Cheers.) But I hold to consist trade in the commodity of The very reverse and insist on the same free- as I could wish to enforce in respect to every other con modity. I therefore propose to adapt our monetary sy: tem so as to render perfect free trade useful, while I at ti ive to native industry that meat .h it is entitled, precisely becalm( articles of con sum nt tion to whit revenue by taxing ti iative industry naturally sul (Cheers.) Let, the Gover pound and upwards to t Let these be declared to be legal tender, c taxes at the same nominal value at which tht nally issued by the Government. Now, let tilt manufP- -” enter into free competition, as 5 dwts. of gold ; he ss vertible into .cturc imed. He requires in opposition to the Englishmen, who requir ner will receive three taxation not msobtain nominally 305., but when he Lt 10s. each commodity, gold with its. of gold, in here d of 71 dwts., for these cotes will express taxation as well as intrinsic value. Estimated in silver, each of these notes would only be worth 6s. Bd., although in our do mestic money they would circulate at the nominal value of 10s. each, because out of every 10s., 3s. 4d. would be due to taxation. (Cheers.) Let me put' the subject in .another form. Suppose that under the system which now y of wheat exists, the intrinsic value of a given quan equal to one ounce of gold, or nearly £4 of our currency, and that through indirect taxation, or monopoly, or any other act of our government or our own society, that given quantity of wheat should rise in our markets to £6, let us see how the foreigner would gain at our expense. He would get six paper pounds, for each of which the Bank of England would be compelled to give five dwts. of gold; if, therefore, he exchanged the whole of his notes for gold he would receive 30 dwts.,_ or one ounce and a half of gold for that given quantity of corn, which by the hypothesis Was only worth one ounce ; it is clear, then, that by such a trade this we should be giving to the foreigner six, while we only received from him four ; so that, by such a system of trade we are losing 50 per cent by all our foreign transactions, and the more we extend that commerce the ;rester is our loss. (Loud cheers.) I will now point out he causes of those panics and stagnations which are of pe iodical recurrence, and which will continue to return in .egular cycles until our monetary system is reformed. Me Bank of England, and all other banks of issue, being !ompelled to redeem their notes in gold at a fixed price, ire compelled to retract their issue of paper whenever the rabic of gold rises abroad above our mint price, and be- 3mes a lucrative commodity for export. When t ierchants and manufacturers, they being compelled to 1 their :e up their outst ;oods into the marke ceding the demand, acceptances Ind the supply suddenly ex- Al prices fall, - Loud ( , elow the ley el of r thei !oarse aggravates pauperism. Under such circumstances listrust and suspicion universally prevail: all confidence :etween man and man is lost, so that the effects of the )stein are not less disastrous than thepecuniary. (Cheers.) Che sun shines as brightly as ever—our sinews have not ost their vigour —our brains can still exercise their wonted ntelligence—i n fact, nothing has happened but the ab traction of a few tons of a foreign metal, of which we 7e made ourselves the slaves, instead of being its (Applause.) But this abstraction deranges all and spreads ruin and dismay among all 'erce, and thus we are made to feel the "Atuation. We have parted with the 4 e can distribute commodities and ) We must get it back at any ruin and disma it marts of commerce, and thus we are - II extent of our infatuation. We I- astrument by NO to restc this being done, trade tenipo- ;erves tl of revival which c value ; but the value, begin. to rise above intrii as to embody a share of taxation, the foreign( repeats his operation, and takes away our gold, mad and kept cheap by act of parliament, having on of those commodities which are struggling to rise in price up to the level of taxation, so that the producer may recover from the consumer those customs and excise which he has already advanced to the government. Thus we are perpetually exposed to cycles of industrial prostra tion and commercial embarrassment, because we fabricate our legal tender out of a commodity ever liable to be ab stracted by foreigners as an article of merchandize, in which we not• simply lose a commodity, but lose our money. We have in ,eircariat•ion about 220 millions of provisionary notes and bills of exchange ; these repose on the narrow basis of au inverted pyramid of gold ; shake the basis, the whole superstructure tumbles to the ground. (Cheers.) In 1797, Mr. Pitt released the Bank of Eng land from its liability to redeem its notes in gold, and those notes were now declared to be a legal tender. To sub idize our foreign alies and pay our armies in the Peninsula a compelled to purchase gold ; Napoleon also was aser ; hence this commodity rose in price, so that it required a pound note and eight shillin ,s to purchase guinea. This was the appreciation. of gold, not the depreciation of the bank note, for gold, measured in paper, merely obeyed the_law of supply and demand and mild only purchase 13-; that rate the fund but in 1819, the to 14s debt, and ha 'e ever I that we ),0110, of will( r, was convert income the legiziature was to aholish the property and t ax , tlwn yielding A 14,000,000, under pretence hich hepropOseci doctrine, falsifies his faith in his own creed by viol (Cheers.) In oppr —ioney ought - 1;n most flagrant Robert Peel, I A to pos- hat it is the sign, not the thing ation of value, not value itself. I 'e of fabricating the legal tender of -the repr the pre tion ar crown, and that Parliament s' nount, r with the amount of that amount exactly co: :..,, . annual taxation would be the si es of taxation, thereto! It cou never aer limited not no, repress It would eve of the T our own puipos( the wat marine of Glasgow.' This national money would render us completely independent of the foreign metal for our internal trade and taxes;. we could always buy as much of it at the market price as our necessities required; we should have far greater facilities than we now possess for using it in paym - ent of the balances of our foreign com merce. In this national money wages and profits would rise to their taxation level, and competition would prevent them exceeding that level. Steadiness would be intro duced into allgmarkets ; we should cease to be mere gam blers; nothing !more than prudence and would be required to e 3rseverane us man t Able every industn, acquire a competency. (Loud cheers.) I na few words on private banking. The notes issued establishments are not money, because they are nu,. _ tender. No one is bound to take them. They do no operate as a discharge in law of debts or taxes. They are, therefore, pure currency, with which the Government ha; no right to interfere. They are instruments of individua credit, circulating on personal faith, and he who take: them, takes them at his own risk. Such notes are in tho character of bills of exchange, only differing from them it not falling due at a determined date. They are but th, evidences of debt. Now, with such instruments legislatioi has no concern, for it is not the province of legislation t( protect the subject against his own voluntary acts of in discretion. (Cheers.) I make my appeal to you as ; vigorous free-trader. Will you co-operate with us ii abolishing the mint price of the commodity—gold ? Wil you insist that the price of gold shall henceforward be a free as the price of the quartern loaf I appeal to you s men capable'of reasoning ; to your interests as manufacturers and operatives, which must prompt you to seek high profits and high wages so long as you are com pelled to pay high taxes ; can I return to London and say that the people of Glasgow, of whom the three thousand consistency )e taken ,tion, are prepared to join themselves into an anti-goh w league ? (Great cheering.) I interpret those pro enthusi affirma longed anu cheers as an answer in t.__ tive. We have truth and justice on our side ; energy anc peaseverance will give us an early and complete &jump} over Jews, usurers, and moneymongers. (Long-continuec cheering.) FINANCIAL AND COMMERCIAL SUMMARY. Our anticipations, with respect to the return of a money pressure, are being rapidly fulfilled, as is evidenced froze the fact of the Bank of England having last week raised the minimum rate of discount to 5i per cent. on first-clasE short-dated paper. It is well known, however, that practically this has been the rate for some weeks past ; and that even higher rates have been charged to unea• it, ther we of tlie announce nowledg contains that re'strizted accommodation is I that the position of the bank is ,. not an c result has been a depression of the public securities )ether with the creation of a verb circles. uneasy feeling in mor )r exportation •ket has shared in the general gloom quoted i f lower with a tendency to de• The sales of the week have been abou nanufactur he bulk of the business, however, w nouneernent of the Ban k was mad istricts are quite inactive ; and grey ley is manifested, the Corn Markets in London and throughout the cowl eclined during the week ; but in Liverpool, cc it reaction took place, holders taking ad .ne unsettled state of the weather. It wa: tot maintained, however, and we anticipate a further de. 'ine to-day. The failure of a large importing house it \rk Lane, during the week, and the report of a furthe here, has shaken confidence amongst the Tray The weather r' the hour at which we write is assuming _ more settled appearance ; and some heavy arrivals at coming in, neither of which circumstances are favourabi to a continuance of high prices. Ong , market, and iday capital was in full request, both in the discour t the London Stock Exchange. Th rate of accommodation in most cases was about 6 per cent. Another instalment was in course of payment on the eight million Irish relief loan, to increase the inquiry for cash. Consols finally left off on Friday at 861 for Money, and aunt ; Bank Stock was quoted 1952 to 1974 ; ts. Reduced, 87:1; Three and a Quarter per md Long Annuities, 9. India Bonds have to par. ; and Exchequer Bills, to 5 dis. 7 for the A( a t6lO The market for English securities on Saturday did not vary in any material degree. The truth is, the dealers how little inclination to do business after so serious a fall as lately occurred. Consols for the Account we quote nd for Money 861 to I. Exchequer Bills still to par. Spanish Five per Cents. are 201 to !se, 29 to 31 ; Mexican, 171 to 188. me important commercial information from America elsewhere Alter t OF NAPOLEON.—NapoIeon sometimes told ales of his early career. One of those, if true, 'ear the world was to the loss of an Emperor. the first step to h of Toulon, which his panegyrists : tine, he returned to )le mood for advent' vorst po; _. unient,ed to him the disconifi been just obl without an 1 to fly fr ❑aining, but an assigna lz iii arrear. "In this to suicide ad walked along the qua} s, feeling ments I should have thrown mnyself into the water, who ran against an individual dressed like a simple media and who, reco cried, I It Rya )emasis, a former comrade of mine in the aril% regiment. He lead emigrated, and had returned to Fray in disguise to see his aged mother. He wa s a b ou t t o when, stopping, he said, What is the matter? not listen to me. You do not seem glad to see me misfortune threatens you ? You look to one like man about to kill Ithitself.' " This direct appeal awo. Napoleon's feelings, and he told him everything. " td save your mot to this day, explain to rrip ut I seized the gold as if 1 like a madman to send to my moth( ; out of my han I ha led bad the spot where I had left Demasis, but he was no longer there. For several days I went out in the morning, re turning not until evening, searching every place where I hoped to find him." The end of the romance is as eccen tric as the beginning. For fifteen years Napoleon saw no more of his creditor. At the end of that time be disco vered him, and asked "why he had not applied to the Emperor." The answer was, that he had no necessity for the money, but was afraid of being compelled to quit his retirement, where he lived happily practising horticulture. Napoleon now paid his debt, as it may be presumed, magnificently ; made him accept three hundred thousand francs as a reimbursement from the Emperor for the thirty thousand lent to the subaltern of artillery ; and besides, made him director-general of the gardens of the crown with a salary of thirty thousand francs. H - government place to his brother. always to have had some floating i mind. remarked that two of his c Napoleon, who seem, m in his lasis and Phili- Sydney aploycd b; of /ler( him at the moment Avl that 1 hat I had do b his 11 long t capture would seemto be tlie certain consc'qu fantastic expedition.--,rnachcood's Magaxhar. me, threw himself on ink* neck, a Napoleon ? what joy to see you again too, ha, Captain Fordyce ABERDEEN admiral Gordon ABERDEEN SMUT ANGLESEA BOY ANGLESEY (CO Lord G. Paget ARMAGH Oswald OUNTY FURTHER ELECTION RETURNS, ) (BOROUGI DOWN PA DROGHEI Lord Drumlanri ELAI , ID)I ird Seaham Ird H. Van Hon. Art} Bramston Hon. E. L.Mostyn ( O'Flaherty GLOUCESTERSHIRE (E.)Sir W. Codrington GREAT MARLOW . HADDINGTON..... HADDINGTONSHIRI HAMPSHIRE (Now hfarq. of Woreest, Hale . . Grantley Berkeley HAMPSHIRE (SOUTH Kn0x..... Sir H. Davie. Charteris C. S. Lefevre IT AVERFORDN HEREFORDSHIRE KENT (EAST) KENT (WEST: KILKENNY .. H. C. Compton. Lord C. Wellesl Plumptre Deedes Filmer Hodges . John O'Connell LANAI Lascollei IVesthead Lockhart O'Gorrr 'LINTSIIIRF LINCOLNSHIRE (NORTH)Christopher Cholmeley BrOCklehurst Saville Ogle Houldswortt Lord H. Bei Col. R J. W: Henley Sir T. F. I Sir G. S Mum Lthcote mut Clive Lord Newp R. P. Soinc 1 v iscou Col. A H. Drum mom Earl of 31arch E. Glidstone.. 1 J. Owen 1 H. Drummond 1 Russell . Trelawney........ 0 Maurice O'Connell 0 LINLITHGON T LAONDOND AACCLESFIELD MALLOW MA LTON MERIONETHSIIIRI ORFOL g ORFOL IPTONSHIR NORTHUMBERLAND (S NOTTIKGHAMS: IRE (N NOTTINGH D UNIVERSITI OXFORDSHIRT PAISLEY .... PEIII3ROKE RADNC RUTLAN SHROPSHIRE (NORTH) STIRLI .oLK (V SUFFOLK SURREY (WEST) SUSSEX (V TAVISTOCK TRALEI WIGTONSHIRI W IGTON BURGHS WILTSHI YORKSHIRE YOUGHAT O'Conn go, do hat ad .ke Ts `FETE i returned SOUTH HIRE (M 0 , .... 0 .... 1 Duncombe 1 , ... her and aority of le that bile many others c n Chi el )RD CIT ADJOURNED MEETI THE Last evening the members of this in Bola 'et. Dr. Andersor the chair. It will ased to the e r of th very unsat :entlemen, takir ,f whom the con To 11 The Cf ited rn they N:t3 tested a ber3, as the blame rest committee, the meetir the meetir. served th paid the'money to Hu to deprive them of _ fairly entitled, and he committee. Several ir confirming their rigt others thiiuzlit it more committee, as, by the la ful whether they had ar ever expressed a desira titled to all the privilegi t treat a vote of thanks to t the chairman, the me ing further par with greet destruCtio: consequences to one of the wo t, situate 2 ited, a al dons, I would kt the time ;aged in the su of conf At the sam( vicinity of IL space we ne entire nt In by a noise The window two or three buildings 'e of their roo: or two of rockets shot f into the air; these wen sions, which had barely smoke and large sheets )ver the roofs - of ti time the fi thoOsands of rocke nion of Mr. Darby that t worth £2OOO. REGAL POMI g of the Sandwich ;ent-street were st and roofs were con lit yellow tle of gold ,st votary holly in its manufact fialf dollars: N kind By this esti memor When night c fallen a r had fallen asleep in son and had escaped the no loose the dogs. His E howlings of the beasts t. very re him to have his own N to save the small retreated Hawed liy )t flame v in the i their fox: n one ousand 'y high ) be seen curling s. After some T with a two- .dst th ebrated n, hav- ratuity Umbaci st a wall, and t he ward ow playe end whole it LIIC UppettraLlet; difficult for desr under th hers of this would equal .e closed ;etntory .iquor, he of the :eepers when they let 3guish, and the wild blood, gave notice to In into to rocriin 1-11. not try to wrest Herr Umbach, a acello, who in my seen protes. at he only wished ommonly received le dogs flew at hiin in retreated, retreated, ;0 as to look hi erougat 1 he at Lhag tone at the en trance of o and the ins as secure, tween his vely fell unconsciously at, not a ntasi as, [de every him in ea to tne bow Then the keepers raordinary concert was high time to or some t e Prus with In - - success, and yet the granaries are equally well secured agaiust de, predation,—Life of Madame Schopen4atier. H. Ciiv •G OF THE AYCEUM. riled annual the MEMBERS OF meetin i in the of the not wish to refer i -ere for whilst !fer the matter to a e mo- of the legal opinion laws e of th .evented giv- On Saturday throwr ine of th