Northern Times. — Liverpool, Merseyside, England, 1857-12-05 00:00:00

ued, prora°9s sting impede li ;rippled ti itt all doles pus, that dk T 46 become da stress W 10 d eurrellei tt;e At a mete ; r safety of to ioting irreg.tedu the 11131 . undevisl in Ing lS th at lial e a seam oo o etary Ql trade, co in p ie joint-esw ' . o wn • of , A he soil; and 8 15° . ies as ol io lie resters !der, a nci t.,7r, and laP" tri duall T arn Ind Sir /4111 its prayer, WS. !graph. , Frti lo i s throe P 0 CHQBSD•it, greys• DO' I f wing Ter' [, DEC' 5' n ernoo- th e learer t° a, first first 1 101 85 / eft and r [ SALE' P t % bile efi t th° fi jgb L,..„ To , er • e Poe v 113 thes.oill s ies 0 10 ea & . 001 3 g; c 10 1 5° 5 ha r a , P 1,9 s 1, 03 4 0 0 otVAIP' IcY .1 .111 eC 5 ' 5 0e to ry s he c o a , a tli o Y,er orw it " ?at e, sated,fic, eat or as i v aPP or - tea 111 01)34 AMERICAN AFFAIRS. FllO3 l AN OCCASIONAL CORRESPONDENT. NEW YORK, Nov. 21, 1857. 4 4 few lines from this, at the present moment, pe a ) . not be uninteresting to your readers, and, worthy of a small corner in your j )urnal. ta iled all-ab sor bi ng t o pi c i s th e l a te panic. It is ad the "late" now, as it is generally marked down 4 4 41 , event of the past, although its effects are now e l elble as they ever were. The first question , t naturally occurs to the mind is, what caused 448 Panic ? This no one can answer definitely, 10. I will p u t down a few notes that I have made, all put together, may serve, in a measure, to l l ain the cause of the late crisis. h e importing trade here is carried ou entirely t he credit system. A house commences busi -48 1 1 credit ; they go to one of the Anglo 44:dean Bankers, deposit some securities for a gm, receive a credit on the Banker's house in 4 eland, where the goods are purchased ; these els come out here to the charge - of the ker, who delivers them on the deposit of t ua terals, that is, the bills of his customers, ke t her e again is credit, goods are sold to it country dealers on credit; their notes or 4 14 8 being taken in payment at dates ranging from tY days to six months, usually 90 days—thus a lee k, with a sma ll amoun t o f rea dy cas h o r good t lrities, may commence business on a scale that tr adin g , in Liverpool would be called excessive %aid ing. 74 4 Will be said that even this system of trading ti t t l i t have flourished when the country was so Ac t s but she was rich in crops only, for the Western ic i ller held back his produce in the face of low : le es he paid for his purchases by note, which tl e re readily taken by the banks and importers, as I g e farmers were known to have good stocks. In %tea(' of higher prices, - lower ones came; k :, / Western man had to renew his f ;'e ; the banks and merchants had their 4 1148 all locked up by this means. Then ,_ 4l e the result of the Railway Building Menia ; I , tcie seized the stock holders on some lines, d 1;, c ased by newspaper reports the Ohio Trust Co. to lL ed, it broke confidence in the West ; a flood of u te s Came back upon the New York merchant, C atlic O had all his funds laid out for the fall trade; his , t ers would not take his collaterals and sue ietlaion followed, bringing down others, holding i 3 endorsement ; until, by the ramification of this ei tec iit system, New York has become almost a t Y of bankrupts, a state of things not realised to tagland, by any means. f t E xtravagance has been put down as one cause of t 6 crisis ; it is, doubtless, true to a certain extent, I ' the little necessity for capital, induced persons t° Invest their money close up to their require ments, and this they did by building collossal tt i 4 es, built of the most costly materials—in some St ances white marble. Their private residences, sad style of living, accorded well with the magni. ta le of their stores. Any one walking up Fifth V enue in this city must be struck with the number 44 magnificence of the private dwellings, and ask himself the question, are these people of the me ddle class to occupy these houses, without taking 11tO consideration that, to reside in one of these 1, u k atlaCe St whose rentals vary from 2,000 dols. to d o l s. and 7,008 dole. a year, a man must be Xlnost a millionaire. he pr,:spect of trade is not very bright ; the ( Nage of credit facilities will restrict business cit some time; and when any demand does spring li t P. there are plenty of . goods here held in deposit by the banking houses in deposit that will be forced NI the market. ARRIVAL OF THE AMERICAN NEW STEAM-SHIP ADRIATIC. f O l4 O arrival of this vessel, which has been looked "act, to with so much interest for some months ". 11 st, took place yesterday morning. She left New r ° rk on Monday, the 23rd ultimo, at noon, and o , r ived i,ff the port on Thursday night, a'; nine ( ~leek. entering the Mersey shortly after ten I , el elek yesterday morning. She has brought 37 4 ',, s eengers, and 390,325 dollars in specie. Also h 'vices from New York, five days later than those ',,,"iously to hand. b,the Adriatic passed r. - x Sti am-ihip Europa, 1 vuud W., on Tuesday, Ist December, in lat. 01.20, ' ol 4f.r. 20.21. of the Atlantic arrived at New York on the evening the 22nd.ult. a The Commercial Accounts combine to partake of 'avourable character. The Banks were still ch eerful o , lendin„d where acceptable paper was 'ered ; but as this description of security was 1 1 'Y scarce, they ware not likely to expand their a 148 materially for some time to coma. Those, 1 , -tt Ys the Miv York Journal of Commerce, who ex a`'et that confidence and credit can be reestablished, tti cept upon entirely new fenndations, will find u e ltsalves mistak na, but there need be no further I 'ere pressure in the progress toward that con su q station. Foreign Exchange closed steadily on Satur -10/IY, 21st, at 105 to 107 for commercial signatures ; • ti; E i,to 108,a for Bankers, and 109 to 110 for short jut on London. The New York Stock Market, i rp ,' the 21st, was more animated, and closed with an Previous in prices upon the quotations on the ~ ' Fi Levion s day.. The Cotton Market was heavy, with 13. '''" 11 1 sale - at 123 and a fraction under for , 4 Ici . citing uplands. The Flour Market was rather 1 I, ll ye and prices had advanced from Sc to 10c per ,:oref. I , e o ur despatches from Washington announce the 4 Ption, by the 'United States' Government, of t e nor Yrisarri, as Minister fiiont Nicaragua, and the f tigeciation of a convention which will set at rest lio al e transit dispute. The transit is to be free to ` nations, and the United States is to keep the ti nt er open by force of arms if necessary. Some iai . . ng formalities remain to be observed before h Teße important matters attain their full effect, but , ' 8 . day or two the Minister would have entered o pen his functions, and the treaty have been duly Oiled and despatched to Nicaragua in charge of s pecial envoy. h The telegraph reports a collision of the steam t'llta Opelousas and Galveston somewhere between ti Q t'arick Bay and Galveston. Some twenty - five of tle Passengers of the Opelousas were drowned , ''° l lg them General Hamilton, of South Carolina. 11a• correspondent at Philadelphia says : — The 1 7 , ti cling Railroad Company have not assigned , but ai le left for record a mortgage to Mr. Galen, pre- I "It; Mr. Norris, and Mr. Charles S. Baker, for 400 , 000 dollars, to secure bonds to be issued for tti,,y t s• And it is provided in the mortgage that on t,,' ton-payment of the bonds, interest, &e., the Ti i `!ltees may take entire possession of the road. a a I s amounts to an assignment at some future I, , L earlier or later. 4, T he War Department had received important B, patches from the army for Utah, including 'Ohara Young's declaration of martial law in the , th' tr itory, a letter from Young to the commander of kit a dvance of the United States troops, Colonel aZander's reply, and a letter from Colonel ha listen relative to the position of affairs. Brig en Young expressly forbids the troops from tj o 7hg Utah. The language of the proclama a4 18 emphatically hostile to the Unted States, of • must be regarded as an unqualified declaration War. tiA. c orrespondent at Nassau, N.P., writing on the but t— says :—The barque Irma, from St. Thomas for Philadelphia, put in here a few days since in distress. She repaired and sails to-day for her port of destination. The weather here is very fine, the general health good, and the crops promise well. Business never was better, mainly oa account of American, English, French and Spanish ships of war continually passing and repassing among us, aid frequently their officers land and infuse cheer fulness and diffuse money most liberally for every thing we can supply. Advices from East Harbor, Turks Islands, to the 31st ult. say-:—lf vessels do not arrive soon with provisions we shall see a famine, as there is not more than two weeks provisions on the island. There is but little water to be obtained. There is more salt now at this harbour than has been known for several seasons. The schooner Red Fox arrived at New Orleans from Tampico, Mexico, on the 6th ult., with news to the 31st Oct., and 63,622 dollars in specie. Senor Fernandez Flores was acting as Governor during the absence of General Gdrza at the capital. The Legislature was still in session. The great Sierra road approached completion. It was hoped that the railroad from Tampico to the city of Mexico, with a branch to Vera Cruz, wculd soon be completed, and every communication afforded. The Churchmen still refused to acknowledge the authority of the civil power in the State. We have advices from Vera Cruz to the 7th ult. The barque Flash had sailed from New York with 3,000 dols in specie. Large shipments of specie to Europe were being made. All decisions of ecclesiastical courts in civil and criminal eases has been declared void. General Cortez had been arrested on his arrival at Vera Cruz, in the steamer Tennessee, on board of which vessel he was a passenger. . . . .We have news from Campeachy, Yucatan, to the 27th. The city still held out, but its ability to continue to do so was very doubtful. The government forces were committing brutal excesses in the suburbs, and the revolutionists were making reprisals on the island of Carmen. A conspiracy had been discovered at Merida. The plot involved many _of the most influential citizens. Some twenty five of the conspirators had been placed on board a vessel at Sisal, bounJ for New York. The steam-ship Black Warrior arrived from Havannah at New York on the 22nd ult., with advices to the 15th inst. Trade was very dull. Sugars has declined, with 170,000 b?xes on hand at Mantanzes and Havannah. Freight to Europe had fallen Exchange on New York was at 2 to 3! premium. United States gold coin was at three per cent. premium. The Maretzek Opera troupe had opened with brilliant prospects. We have news from Cape Haytien to the Ist ult. The market quotations on that day were : Coffoe 124 dols ; logwood 52 dols to 51 dols ; doub loons 240 dols ; drafts 220 dols -to 224 dols Captain Mayo, of Boston, was in good health, and a favourable result of his trial was expected, IMPERIAL PARLIAMENT. HOUSE OF LORDS.-FRIDAY. The [louse met at five o'clock. Lord Dungannon gave notice, that, on Monday next, he would ask the President of the Council when the report of the commissioners respecting the riots at Belfast was likely to be printed and laid upon the table of the House. The Earl of Ellenborough gave notice, the, on Monday next he would move that there be laid before the House a copy of the Army Act lately passed by the Legislative of the Council of India ; also a return of all native and European newspapers licensed under the act of the Legislative Counil of India, passed on the 13th of Juno last, also letters of warning addressed to the editors of any such native and European newspapers respective, and of all restrictions of the license of any of such news paper, and of all correspondence relating to the restitution thereof. The Bishop of Oxford expressed regret that notice had been given for the second reading of the Religious Wor ship Act Amendment Bill, and inquired of Lord Shaftes bury, whether it really was his intention on that day to move the second reading. The Earl of Shaftesbury stated his intention of pro ceeding with the second reading on Monday. The Bishop of St. David's complained that the Episcopal Bench had not been consulted in regard to the measure, and that notice had not been given for their consideration of its details. The Earl of Ellenborough observed that the course taken by the noble earl was in accordance with the rules of the Bowie, but, at the same time, recommended the noble earl to postpone the second reading. After some further observations, The Earl of Shaftesbury said he would, on Monday, state the object of the bill, and then move its postpone- The subject then dropped, and the lloasc adjourned at half-past five o'clock. HOUSE OF COMMONS.—FRIDAY. The Speaker took the chair at 4 o'clock. Sir De Lacy Evans gave notice that ou Thursday next he should move for a select committee to enquire into the measures recently adopted by Her Majesty's Government for the transmission of troops and stores to India. In reply to questions from Mr. Knatchbull HugAssan, Mr. Massy said an Ecclesiastical Commission Bill would probably be introduced into the other house of parliament shortly, but be could not say that it would be the same as the bill of last session. It was the intention of the Government, after the Easter recess, to introduce a bill relative to Highways. Replying to Mr. Green, Mr. H. Herbert said that the report upon the subject of Endowed Schools in Ireland had been delayed, is conse quence of the illness of one of the Commissioners, but he expected that it would be laid before Parliament during the recess. Mr. Crawfori askel whether arrangements b. - A been made, or convention sentered into, by, or on behalf of her Majesty's GJvernment, with any companies, individuls or foreign Governments, for establishing telegraphic cosa municatimi with Egypt and India, and whether any negotiations were now pending, and with whom, in reference thereto. the Bank of Eagland circulated in round numbers £20,000,000, and Scotland and Ireland £18,000,000, making a total of £38,000,000. The object of the Act of Sir Robert Peel was to provide a security against excessive issues of paper, but Le had himself admitted that circumstance might justify the suspension of its opera tion, and the conduct of the Government in taking upo❑ itself this responsibility, in 1847, bad met with the appro bation of Parliament. The circumstances in ]847, were do doubt different from the circumstances in the present year, but the result was the same, and the urgency was greater. These panics appeared to ha►e been contem plated by Sir Robert Peel, and he had recommended that if a monetary crisis occurred, in spite of the precautions taken against it, that some one should take the responsibility of suspending the operation of the Act of 1844. The letter to the Bank was the spontaneous act of the Government, not occasioned by the the pressure of mercantile interests, and for it they alone were responsible.. Therefore, if the House thought fit to censure the conduct of ministers, it would still be their duty to pass an act of indemnity for the directors of the Bank. The Right Hon. gentleman proceeded to explain the extent of the violation of the law, in consequence of the Government letter, and quoted figures, showing that on the 13th Nov., the amount in the hands of the public beyond what the Bank was entitled by law to issue, was £186,000, on the following day it was £022,000, and on the 20th Nov., it reaohed the maximum of £928,000, on the 21st it fell to £617,010, on the 23rd to £397,000, and on the 24th to £317,000, and on the 25'h to OEBI,OOO. The right hon. gentleman proceeded to argue, that if the Government had not taken the sty to which they resorted, the bank must have stopped payment, and of the extent of the evil which would follnw, he left the committee to judge. He explained that it would be necessary t 3 intro duce in the bill a provision to enable the bank to exceed the limited issue of notes for a period of twenty-eight days after the meeting of Perliament, anti subsequently to the recess, and announced his intention of re-appointing the committee on the Bank Acts, the last committee which sat on the subject having reported that their investigation was incomplete. The failures of the Borough Bank of Liverpool, and county banks, were net caused by an over-issue of notes. The Scotch banks were banks of issue, bat in these cases it would be found that the notes in circulation bore a very small proeornon to the whole amount of the liabiti ies. Under these circumstances, he thought that Parliament would be pursuing the best course if no destined proposition on the subject under consideration were proposed. It had been suggested that a clause might be introduced into the Ac', nuthorising the Government, in an emergency, to relax the limit of the hank, but if such a clause obtained the sancion of the House, the Government would be as slow to avail them selves of it as they had been to violate the act itself. Two committees had come to opposite conclusions on the subject, and the Government, therefore, thought it desira ble that the opinion of the House upon the subject should be expressed' before they ventured to submit any preposi tion. There were questions in regard to England and Ire land which might be made the subject of amendment. It might be considered whether, in order to prevent a drain of geld; &etch and Irish banks might issue notes against the Bank of England, but he did not think it would be expedient to enter upon the preparation of a new measure at the present time. In conclusion, he sail Ministers stood betore the committee under heavy respousibilities, not as culprits, but as men who had advised the Bank to depart from the existing law, and they now sought to in Nee the committee to grant an Act of lademni y to the Bank and themselves. Lord Palmerston said that her llT'jesfy's Govern ment had been in communication with the Govern ment of Austria u; on the subject of the telegraphic line to be established from Ragusa, t) Alexindria, but the conditi ins which the Austrian Government wished to attach to the arrangement, her Majesty's Government could not comply wish ; the negotiations were therefore dropped. One consideration was, that the British Government should engage to use no other line but tLis for their communications with India, and another was that they should undertake to continue the line from Suez to In lie. Toe first the Government did not deem it advisable to enter into, and the second he did nut see the way easily to fulfil, therefore the negotiations were ended ; but he was not without hope that the Austrian Government would establish the line, as it would be for their advantage to do so, and it would also be of benefit to this country. He might as well state also that the Turkish Government proposed to establish a line et electric telegraph from Constantinople to the head of the Persian Golf; and they hope I that, if established, the Government would carry it ovzr from Bassora to Kur rachee. Colonel North enquired whether the officers who had received honours for service in India, would be called upon to pay the fees attached to these honours. Mr. Wilson, in reply, stated that, about three years ago, the rule was laid down by the Treasury that the fees con- nected with all honours conferred upon officers of the army or navy should be paid by the public ; the rule was pursued in all honours conferred in the Crimean war, and would, no doubt, be followed in the cases referred to. On the motion that the House at its rising adjourn til Monday, Sir De Lacy Evans inquired what course the Govern ment proposed to take in reference to according the thanks of Parliament to the Indian army ? His reasons for putting the question was, that he understooi last night that the nobfe Lord proposed to bring down a message very shortly for the purpose of granting a pension to Gen. Havelock. That was a proposition which he ventured to think every member of the House would cordially ague te; but he thought that it would give General Havelock mo• e gratification to have his name coupled with Col. Wilson, and the other officers of the Indian army, in receiving the thanks of Parliament. Lord Palmerston hopd that members would not suppose that the subject had escaped the consideration of the Gavernment, or that they dii not anticipate the anxiety of the Home to testify their admiration of what had b?en performed by the offi:ers in India. Ho would give notice of the intention of the Government on the subject when a suitable time arrived. Mr. M. Milnes drew attention to the case of the English engineers scizad on board the aigliari, and expressed an opinion that the British Government should take steps to obtain their liberation. Lord Palmerston explained the circumstances of the seizure: of these two Englishmen by the Neapolitan Government, and stated that the British Government, had thought it right to demand that our consular agent should have access to the prisoners, in order to ascertain how they were treated. This was reused for some time, but ultimately the Neapolitan Government granted permission for the prisoners relatives to see them, and t..:e father of one of them had availed himself of the per mission. The consul had also been to sea them. The British Government could not say that these men, taken in the apparent violation of the law of Naples, should not be tiled ; and hs did not think thera was any ground for complaint against the Neapolitan Government in these transactions. The report upon the Address was brought up wad Mr. 'Gladstone having thanked the Chancellor of the Exchequer for the explauation which he had affirded them. proceeded to make some remarks upon the policy of the Government, in regard to the matter before the Committee. It was nut his - intention to offer any opposition to the Bill of Indemnity. A question might arise whether the Government had taken the right moment for the issue of their letter, or whether the difficulty might have been effected by other measures. It was their 'duty, however, to look to the precedent which was spoken of as a recurring 'necessity, and to consider the danger that would resalt if the monetary crisis which rendered it necessary to suspend the operation of the act of 1844, arose from a reckless system of trading in m3ney. The right hon. gentleman prop rsod now, instead of legislation on the subject, that they should re-appoint the Bank Act Committee. They had ample experience of the Working of the act of 1814, and th-y had sufficient inquiry into the operation of the Bank Ant. That act had succeeded in its piineip.il object. The bank had availed itself of the power which it gave to raise the rate of discount, hat subsequently to that step being taken, a worse crisis occurred. It was this that he wished should be inquired into by a select committee, and it could never be attended to if ;he committee had to go owr the old ground of currency and issue. Now was the time, he thought, to decide upon the act of 1844. The panic had brought the subject into importance, and he hope lit would be dealt with by the Government be'ore it sank again into lassitude and apathy. He hoped the government woald not let slip this golden opportunity for final legislati in, and trusted that inquiry would be instituted into the causes of the recent panic, utiel he might say the present embarrassment. Mr. Spooner having been appealed to by the right loon. gentleman, Mr. Gladstone, is the course of his speech, quoted from the evidence takea before committees of th st eous-s in support of his view, that the Act of 1814 was wrong in principle, and dangerous in practice, and that twilit was repealed, nothing could be tioae to avert the evils of a monetary panic. Mr. Glynn attributed the late crisis to the break down of the credit system in the north of Europe, and the overbauking in Scotland. He aelin )wledged, however, that the act ; ;, of 1844 was ins tfficient to meet the crisis, and suggested that the ("tent of the circulation should be in the hands of the directors, , undec Parliamentary sanction. Mr. Henley cheerfully assented to the Indemnity Bill, but regretted that the imperfection of legislation rendered Indemnity Bills necessary. • Lord John Russell expressed himself in every way satisfied with what had been done, tolerably satisfied with the Act of 1844, and entirely satisfied with the proposal which was to follow after the p - eseut expesitien. B v the course which had been pursued, the G evernment had saved the credit of the ci.hintry from the most terriLle ditanters, and be hoped Cie comminec would not hesitate to pass the Bill of Indemnity. The question for them now to consider wan whether an act which had been relexA twice should not be m el to meet entiergelteles in future. It has been suggested that the suspension .of the r,strietions upon the issue of .notes should be regulated by Act cf Parliament, but he thought it a wh...le,oma cheek urn the Minister that he had in such an e,ner gene), to violate an Act of Parliament, an] coma to Par liament for indemnity. Perhaps an that failed in the third year of its operation ought not to have continued longer upon the statute bole, but it had gone on satis factorily for ten ye :is, and it might operate satisfrctorily for twenty years more. He would leave the future .t i the future. II: lauded the Goveronent for their promptitude in meeting the threatened disasters, a , ld trusted that the House R wild not hesitate to pass the Bill of Indemnity. Mr. Disraeli was not su-prieed at the support which the noble lord gave to a precedent which he was liiint , elf instrumental in establishing, but it was, neverthel.ss, unfair in its operation, making aiedras of some, and allowing others to ecope, whose credit was no b tier, but who were able to hold out for twenty-four hours longer. He thought it most desirahle that some steps should be taken to prevent a repetition of the letters of 1847 avl 1857, and he reebretied that her Maj-sty's ministers appeared unwilling to snake an attempt to solve the difficulty. Parlia ment was now called upon to pass a bill of indemnity for the bank directors, but no one could impugn their conduct, and he should take no exception to the mei , — sure, or make any difference between bank directors and ministers, in reference to the Government letter. He could not, however, give his consent to the course which the Government proposed to take hi retaining the Act of 1844, re appeieting the committee on the Batik Acts, so far as it secured the convertability of the B ink note, he would suppert the Aut of 1814 ; but it was now their duty to provide against the disastrous coesequenees of a foreign drain, and the proposition cf her Maji sty's Miaisters would not effect that object. What was the use of a Government if it did not scoomplislo that object ? and what was the use of Parliament if it could not animate Ministers to that end ? When the bill came into committee, he should propose to move an amendment, expressing the opinion of the House, that it was not expedient that legislation should take place upon the subject, and that the question should he referred to a select committee. Perhaps the Chancellor of the Exchequer would fix a day for the committee. The Chancellor of the Exchequer said he would like the second reading and the commit ee on Friday. The motien was then agreed to, and the bill was brought in and read a first time. On the motion of Mr. Bentinck, a select committee on railway eceidents was ordered, A. new writ was ordered for Ashton-under-Lyne, in the room of Mr. Hindley, deceased. The ROM adlograe4 at a quarter Up twelve, agreed to. The house then went into committee on the subject of the Bank Acts, for the purpose of enabling the Chancellor of the Exchequer to propose a consideration of the dot of 1844, and to move that the chairmen be directed to move for leave to bring in a bill to indemnify the Governor.and Commissioners of. the Bank of England, for the issue of notes to a gr3ater extent than was autho rised by the Act uf Parliiment. The right hon. gentleman explaiied that the Act of 1814 gave the Bank power to issue £14,000,000 of notes upon good securities, and auy further sum which might - accrue from the lessened cir culation of the country Banks. An order in Council was issued two years ago, authorising the Bank to add ou this account £475,000, and therefore the issue authorised was in all £14,475,000. The practiaal reault of this was, dui THE NORTHERN TIMES,--LIVERPOOL,. SATURDAY, DECEMBER 5, 1857 THE CHARGE OF POISONING AND FORGERY AGAINST AN EX-MAYOR OF PRESTON. EXAMINATION OF THE ACCUSED BEFORE THE MAGISTRATE'S. (FROM OUR OWN REPORTER.) PRESTON, FRIDAY NIGHT. This morning, at eleven o'clock, Alderman Thomas Monk, who in the year 1852 was Mayor of Preston, and who is now a borough and county magistrate, and also a deputy-lieutenant of the county, was charged before the magistrates with forging the will of a man named Elward Turner, a reed maker, who died on the 20th of September last, the accused having been his medical attendant during his last illness. _ The position which the accused has for several years held in the town, invested the case with. unusual interest, and the most intense excitement prevailed in the town during the whole of the day amongst all classes of Society. Shortly before eleven o'clock in the forenoon, the prisoner was brought to the Town-hall, in a cab, in the charge of Mr. Gibbons, the head constable of Preston, who had taken hum into custody at hie , residence on the previous evening. The magistrates on the bench were the Mayer, (John Humber, Esq,,) W. Ainsworth, Esq , Paul_Catterall, Esq , W. Humber. Esq , George Sillgreavcs, Esq., Thomas Walmsley, Esq., Pater Catterall, Esq., and Lawrence Spencer, Esq. the late Mayor. Mr. Segar, barrister, instructed by Mr. Robert Ascroft, solicitor (the Town Cie , k) appeared on behalf of the prosecution ; and Mr. R. A. poss, M.P. for Preston (instructed by Mr. W. B 1 icklitrst, solieito , ), was present on behalf of the prisoner, who sat during the inquiry in the body of the court, between his attorney and counsel. The court was densely crowded during the whole of the inquiry. Mr. Sega; in opening the c ise i alluded to the rumours which had been' current in reference to the pHs finer during the last few days, and then produced a document purporting t) be the last will of the late Edward Turner, and after stating the facts in connection with the case, he called the following witnesses: William Hothersall Winder, clerk in the Consistory Court at Lancaster, was the first witness examined. He said—l produce this document from the Consistory Court at Lancaster. I have acquired some skill in the judgment of han lwriting. The document I produce is alleged to be the will of Edward Turner, of Preston, reedmaker.. Mr. Seger: Can you form a ju 'gaisnt as to whether the body and the signature to the will are in the same handwriting ? Mr. Cross, on the part of the prisoner, objected to the question being put. It was allowed in civil, but not in criminal cases, and it was a question only for the jury to decile upon in a case of this kind. [Docament here handed to the bench.] The Rsv. Thomas Clark was then cabal, and examined by Mr. Seger. He said : I am a surrcgate, residing in Preston, an the incumbent of Christ Church I remember Saturday morning the Stith cf September. On that day I saw Mr. Monk in this town. He came to my house between ten and twelve o'clock, and said that a man named Turner was dead. He said that money was wanted to ply the workmens' wages that night, and that he had been to the bank, and they declined giving him any money without proper authority on his part to receive it He also said that no will could be found, or words to that effect. The remark was made btoone or other of us, that letters of administration would have to be taken out I asked him whether any relatives had been left, and who was the next of kin, and to whom letters of sdminis tration would have to be granted. Mr. Monk rep'ied that no relatives were known, or likely to be heard of, and that therefore letters of administration must be granted to him as the principal creditor, or as a principal creei'or. He said he had repeated conversations with the deceased, and knew exactly what he wished to have done with the money, and thst the housekeeper wag to have five shillings per week as long as she lived. He further said that if let - ors of administration were wanted to him all should be done according to the wishes of the deceased. I said that in such cases nothing could be done by a sur rogate without consulting the Consistory Court of Lancaster, and I read to Mr. Monk the printed instructions applying to surrogates, that ‘• no creditor can ob emu letters of administration, with out first issuing a citation obtaining a derision of the court." Mr. Monk. after my reading this, wished me to apply to Lancaster for that purpose. In the course of a further conversation, I alluded to the delay that would take place, but still Mr Monk requested me to apply to the court. I then told him I would do so by that after noon's mail, which I did at half-past three o'clock. Mr. Monk then went away, and I saw nothing more of him until the following Tuesday morning. On that morning Mr. ink came again between ten and twelve o'ciock. I had then received a communication from Lancaster, and on telling him that I had received such a communication, without listening to the result, Mr. Monk observed : "It is of no consequence whatever what the answer is, the will has been found." Mr. Monk then put the will into my hand. I can swear that this is the document I then administered the usual executor's oath to Mr. Monk, as sole surviving executor, and he stated the value, which went to Lancaster along with the will. I can gave you the purport of the oath He swore that he believed it was the last will and testament of Edward Turner, and that the contents of the affidavit to which he had subscribed, were true—that he would well and truly execute the will, and that the personal estate end effects were under £lOO The document was left with me, together with the affidavit, which I transmitted that night to the Court at Lancaster. I afterwards received from Lancaster the probate of the will. I should have taken is to Mr. Monk's house, but he called for it, and paid the charges. John Fisher, an accountant at Preston, stated that on producing the probate of the will, the prisoner received .ESG 15s 8d , the deceased's balance at the bank. Robert Fernwosth, a reed maker, who had been for five years in the employ cf the deceased, stated that the will was not in his handwriting. Joseph Wilkinson, whose name appeared in the will as one of the attesting witnesses, denied that he knew any thing about it. He had known the deceased for fourteen years. On the document being handed to him he denied that it was in his handwriting. Mr. Sager, at the close of this witness's examination, said th t he was not in a position to produce all the evidence which it was necessary to lay before the court, but at pre sent he respectfully submitted that ho had made out a case . for a remand. Mr. Cross reserved any cbservations he might have to make until the further hearing. It was, however, entirely in the discretion of the bench as to whe her there was any case made cut for a remelt'. The court decided to rsuaed the prisoner to Tuesday neat, and unanimon.ly refined to admit him to bait. He was accordingly taken down to the House of Correction. THE EUSPECTED POISONING, AND EXE-IMIA- TION OF THE BODY. ADJOURNED INQUEST. The adjourned itque:4 on the b ely of Eeliverd Turner, reed maker, was held in the Town Ha'l, Preston, on Tnursday, b fire Mr. M. Myer?, coroner. The inquiry caused considerable interest, as affecting the medical gentleman who attended deceased, and who holds a high pcsition in the town. Mr. N. Mackhurst appeare Ito watch the case for Mr. Monk, who is the subject of the imputations which have ben co freely made by the tongue of rumour. There were several witnesses to be examined; bur, after the examination of one, it was found necessary again to adjourn the inquiry, in consequence of Professor Taylor not having concise:el his analysis of the stomech. Alice Chadwick, widow, of Preston, stated: I was housekeeper to 7.dward Turner. I lived with him at the tines of his death, and attended on him. Ile was taken ill on the Monday before the Friday but one afterwards on which be died. We sent for the doctor about dinner time on the Monday. I cannot recollect the name of the doctor. Turner bettem with the bowel complaint. (Remembering herself.) 'Oh, it was Mr. Monk that att nded him. The doctor melered him medicine, two table spoonfuls every twa hours. He atterid:d once a clay the first week. Tiener would not have the medicine regularly.—By the Foreman : He was se ill that he could not leave his room. He was purged about every hour the Erst week of his illness. Ore of the apprentice boys, named Henry Heap, fetched the medicine. There were directions on the bottle as •to hew the medicine wos to he taken. There were two or three little pills sent in a box, He was to have one at night. Ne oher doctor ntteaded him. The doctor gen rally came between ten and eleven o'clock in the forenoon during the first week. Ho kept telling me he was b etter. Durinl• the second week he said he was to be Lept quiet. No one was to go to him and talk to him. Mrs. Lowrey and Mrs. Wi kinson, and Mr. llawber's wire, from eit•erall, cane to see him during the second week. They did not stop long. I never left the house during his illress. I was present when these persons saw him. I remember the doctor coining on the Wednesday before Turner's death. He began to come twice a day on the Tuesday in the second week of his illness. I remember the doctor telling me on the 'Wednesday to send the boy for some medicine, and I was to give it to the deceased all at once. I sent the boy about eleven o'clock, and he brought the medicine. I gave it to the deceased after dinner. It all came up again in about ten minutes. The medicine was yellow. I made him some tea, and he went to sleep about half an hour after, and said he was better after the sleep. Ile then NEW YORK MARKETS.—Nov. 21, 1557. ASHES —Pat are steady at the decline noticed in our last. COAL —The mtrket is better supplied with Livetpcol, and prices favour buyers. COFFEE —The market continues deprtssel, and price 3 favour buyers. COTTON—The market continues inactive, far want of stock wherewith to operate. We notice by our Southern operators a disposition on the part of planters to withhold their crops from the seaboard markets for the avowed reason that prices bad fallen, in consequence of the mone tary revulsion, b low what they considered a remunerative rate. Home spinners are in the market to some extent, and a resumption of active business is generally regarded Rs a certainty within the next sixty or ninety days. The stock continues light—indeed, of the low grades the market is bare Small sales are making at 121 to 13 cents for Middling Uplands and Mobile and Orleans. FLOUR A:sr. MEA .—The demand for dour continues moderately aetive, and sellers have the advantago an advance of 5 to 10a having being established siace our last. The receipts are to a moderate extent, and the stock accumulates very slowly. There are but few foreign orders in market, and these are generally limited at figures which do not admit of their execution at present. The transactions for the three days amount in the aggregate to 42,000 brie, the market closing firm at our revised (po tations. The low grades of Canada flour have slightly advanced, while (-stints remain without important change —the sales are 2 500 brie, leaving off at 5 to 6 dole 50e, as in quality. Southern flou• is about 10c better, with a fair demand. is part for the West Indies. GRAIN—The wheat market has been quite irregular since our last, though at the close a firm tone was apparent, and the common qualities are 2 to 3e dearer than on Tuesday last. The receipts are to a moderate extent, and the offerings ate not in excess of the demand, which is about equally divided between local millers and exporters. laort—The market for all Foreign descriptions is extremely quiet, and we have no sales to report. LEAD—Tee market for Pig is rather firmer, most of the cheap lets offering having been picked up; the large s'uck, however, exerts a depressing influence. MOL IS3ES—There are no new features to notice in the market, which remains steady, with a good demand from the trade, &n,, without change in prices. PROVISIONS—The Pork market continues irregular, though with a downward tendency of prices, and the demand partakea wholly of a local trade demand • receipts moderate, and stock does not increase materially; sales at 19 d:ls 35c to 19 dots 60c for Mess, 17 dots for, Prime, 20 dole to 20 dols 25c for Clear, and 17 dots to 17 cbls 25c for Prime Mess. The Beef market continues heavy, but prices are no lower. Lard is one-half of a cent. lower. Butter and Cheese aro dull. Rica—Continues dull, with large receipts. The bulk of the stock is composed of the medium grades, which are in but little request, the demand being chiefly for good and prime qualities. SALT—Liverpool remains firm. SUGAR—The continued discouraging accounts for raw from London, (the Niagara brings advises of a further decline of 33. per cwt.,) theiconsiderable stock of old crop yet remainiug on hand, the near approach of the period when new may be expected, and the prospect of a speedy close of inland navigation, with a rather increased desire on the part of holders to realz , , have had a most depress ing influence on the market, and prices are again / of a cent lower. Refined, too, are dull, and the lower grades have declined I of a cent per lb. Tonacca—Kentucky has been in better request, with more activity than for some time past—t,here is very little file quality here, and it is held firmly. There has been more done in Spanish, but at reduced rates. Saks 300 hids. Kentucky at 7c to 17ie ; 26 ditto Virgini 1, 556 bales H 4vannali, and 52 ditto Cuba, on terms not transpired. In manufactured, the business is still limited ; the sales during the past few months have been mostly of the common grades, and the stock of these descriptions is coniiderebly reduced. Agents gene'ally are firm in their views, and anticipate at least no further reduction in price. W or.—ls in slightly inip - oved demand, the very low rates at 3vhich parcels have been offered inducing cash buyers to enter thet market to a m,,derate oc'ent, and sales have barn made of 15,000 lb. No. I. Pulled at 19 to 20c, 20,000 lbs Super. 22 to 24; 10,000 Ib3 Extra, 25 to 23 ; and 15,000 lbs Medium Fierce, 28 to 32, cash ; on the descriptions, the decline since Auzust lest is 15 to 200 per rev*Fe and reduce our quotatiors for all descrip tions, though the rates fur foreign are in a great measure nominal. From the California wools recently received, ab3ut 600 bales common grades have been placed at 11c 6 mos. EXCHANGE—The principal business for the Adriatic has been in sterling. Continental has been sold to only a moderate extent. We quote Bills on London, 7 to 82 per cent.: Fracce, 5f 300 to 5f 250 . An'werp. 5f 27i3 to 5f 25e . Amsterdam, 404-- to 404: Hamburg, 35; to 30 : Bremm, 774 to 784: Frankfort, 41 to 41/: and Prussian Thaierp, 711 to 711 SEAMEN' AND WAGES —Seamen are in moderate supply, and rates remain as last quoted. METROPOLITAN OMNIBUSES AND C.LBS.-It appears from a parliamentary return issued this morning, that the total receipts for omnibuse mileage duty, licence duty. and drivers' and conductors' licences amounted to £108,451 151. Si. in 1854, £85003 Os. 1 d.. in 1855, and £74,270 7s. 10d. in 1856 The amounts realised from cabs for weekly daty, licence duty, and drivers' and watermen'ts licences wore £74,210 1s , in 1854, -£75,2811 ls.; in 1855, and £B2 110 in 1856 Pal TE EIT AGAINST SCRIPTURE RE ADZ as.—At the mrefng of tbe. Somerset Scripture Reader's Society, held at Taun ton on Wednesday, the Earl of Cavan in th 3 chair, the Rev Dr. Knolty'F, incumbent of Fi.eiead, and the Rev. R. T. Mills, vicar of liaise, alenied• to protest against the introduction of Scripture readers into their parishes. Dr. Knolly's solemnly protested against the intrusion of an unauthorised teacher into his parish—first, because the sole care and charge of all the souls in the aforesaid parish is cumniittod to his care alone ; secondly, b: cause the said society bas no more spiritual right or jurisdiction in his parish than "the Bishop of Rome this realm of England ;" and thirdly, because such intrusion is at gage unedUss and Mischie !Nub, wanted to drink. He was not purged quite sd much the second week as the first. He drank a sight of stuff both night and day. He began rambling en the Wednesday night before his death. Be tussled there were ducks and women in the rrom. The elector saw him on th at night, and told me he would be better for having venaited, and that ho would send him another bottle. I don't remember that he told me on the Wednesday night not to let any body see him. On Thursday the doctor called between ten and eleven o'clock in the morning. He said I was to keep him quiet, and not let any one go to him. He also said I wag to keep on with his other medicine, and that I was to let him have anything he chose to drink. The deceased would not take his medicine regularly. On the Thursday morn ing, about eleven o'clock, I was to seed the boy fur more medicine, and I did so. The deceased would not have it when it was brought, but I get him to take it about three o'clock. It was the same colour as the other. I was to put the whole of it in a wine glass. it tasted hot and 'sharp. Jackson and I bath tasted of it. After deceased had taken this medicine he was sick,, but did not vomit. He sweated a good deal, and ramblsd, and "muddled," and kept drinking. I wiped his face with his" hand kerchief. By a Juryman : He drank wise and water, tea, and toast and water on the Taursday night. By the Coronae : He did not complain of any burning after he had taken the medicine on the Thursday. I don't know whether he said it: was warm or not. The doctor came on the Thursday night a little before ten o'clock, and told the decease; he was better. When, the doctor went away he said I was to send for him if my master was any worse in the night time. On Thursday morning the de ceased said to me, " Alice, there is something wrong with me." [Tile witness was cross-examined as to the morning on which the deceased s i ! the, but she adhered to her statement at last, after appearing uncertain as to , the day] I left the deceasd on vriday morning about six o'clock. hal been down. stairs about hale an hour when , I , heard something on the lime of his room. I went to him, and he said, " Oh, Alice and he " cruttlecl" down ani died in my arms. Two of the men had• come up stairs, also Jackson and He niby A was between five and t ea minutes after we got up stairs that he died. I did not send for the doctor ; but lie came a little after seven o'clock. He said to me, Well, Alic ;" and 1 said the master was dead. ne doctor went into the par.our and sat down r and said I was to give him the keys. I considered a little and then give them to him. He wante I to know if all was locked up, both up stairs and dews:. By the Ferstnau : He did not seem surprised at Turner's death. Br the Coroner He told me to lack the shop ; and I seid the men had not had much work during the week, and he said they might work till Saturday. He told me to fetch him what books there were, and he picked some up himselc; he took them all with him. lie did nut give me any reason why I was to give the keys to him. By the Foreman :I. did not ask him why. By the Coroner: The desk was lucked,. and was not unlocked tlll Saturday afternoon. The doctor' took away all the loose papers, except the bills, The d,ctor got the keys front me tiler Ile had been in the house about half an ho ar. By Mr. Gillow : The doctor went up stairs to see the deceased ef ter he was dead. By the Coroner : When I went up to see him, about au hour after, he looked rather red. His colour changed very little, but he looked a little paler the day after.. 00 Friday afternoon the doctor gave directions ab int the coffin to William Taylor, a joiner. He c tine again on Saturday forenoon and ordered the funeral, which was to take place on the following day. He opened the desk and took out £5 103 in geld. I did not see that he teak anything else.; He never told me upon what authori'y he was acting By Mr. Gillow : I did not' now what to think about it —By the Coroner : The funeral took place on the Sunday The si.ector put the silver spoors in his pocket, after tea, oar the Sunday. Jackson's daughter, 'ruiner's niece, wanted therm, but the doctor said she was nothing to Turner. Thera was no will read.iThere was no rela'ions of Turner'. at the funeral ; there are none. On the Monday the doctor came and ransacked the desk. I was present and saw him open it. He never mentioned a will to me. He picked up Turnet's books and slot them away by a. boy. He took everything out of the desk, which was sold on the Thursday after. The shop was looked up by his di, wions. Wilkinson took. it from. Mr. 11 nk. I don't know what he paid for il.. The furniture was sold at the house on Thursday. The bottles were packed up by Mr. Molls on the Monday., and sent to his surgery by a bey. The shop was locked up on the Saturday. On the Tuesday or Wednesday night before my master's death, the doctor came down stairs and said, " Alice, your master thinks well of you." Oa the Tuesday but one after the deceased's death, I went to Mr. Monk's surgery to ask him for some money. fie showed me a will, and said there was 3 , . a week for me. He said also Turner was not worth as much money as persons thought, and that he load left something for his goddaughter. I asked how long the 3s. a week was left for me, and Mr. Monk said till the money was done. There was a little paper planed to the bottom of a large one. He did not read the papers. Hi said they were the will. When I went in, he said, " Alice, I will show you the will."—By the Forman : I have had three pounds since my master's death, which Mr. Monk gave me at four times. That was the first time I knew there wee a will. Mr. Monk had said to me, I think after Turner's death, that I was right enough-- I was provided for.—By the Foreman : My master has said many a time that I. should be provided for; I knew Mr. Turner had written something in a book, which he showed to Mr. Baines about two years ago ; fiat he never said to me that he had made a Baines said, " You have thought of yonr housekeeper." That le.iok was one of those removed by Mr. Monk. About I two years ago, the deceased had a very bad cough. He was not asthmatical. By the Foreman : Mr. Monk did not say anything to me about the will being proved. The deposition of the witness was then read over, and the coroner announced, that as Dr. Taylor, to whom the stomach of the deceased land been sent, had not finished his analysis, he suggested the adjournment of the inquiry fora week. Ultimately the invest was adjourned to the 11th inst. THE TROOP-SHIP DEVONSHIRE —The Devonshire steam ship, with troop•, all well, for lEdia, was spoken Oct. 24, in latitude 9.30 N., longitude 22.40 W., by Francis Ridley, arrived at Falmouth. The Bishop of Chichester has addressed a letter to Miss Grahame, the Lady Superioress of St. Margaret's, East Grinseaal, disconnecting himself with that association, which is now well known in connection with the recent riotous proceedings at,Sewes.. Colonel Sykes has withdrawn his name from the Coun cil of the Society of Arts. This step is occasioned by the recent policy of the couccil in reference to the society's examinations, which, in Colonel Syke's ju3gment, "repu diate and ignore" the opinions he expressed in his inaugural address last year. MELANCHOLY DEATH OF Two SISTFRS DY POISON.— Last week, Mary Sloan, daughter of William Sloan, sexton, perish of Kiikmr.b.eck, who had been ailing far some time, on ;application to a me iiesl gentleman, got a pre scription, which was male up to her by a residonter in Ceeetown. No sooner, however, had she partaken of it, than she became worse than ever ; and afer great agony, which lasted for twenty-four hours, she expired on Thur day last. Jean Sloan, another daughter, on hearing of her sister's illness, went immediately to visit her, but arrived only after the melancholy death. Whether from curiosity or suspicion, or what cause is not kno:vn, she was heard to remark that she would take a few drops out of her sister's bottle, and having done so, she became all of a sudden blind and cramped, and after severe sufferings of eight hours' duration, she too died on the morning of Monday last. The occurrence, it may be easily supposed, has c ,used a great sensation throughout the whole distrive and there are numerous surmises floating in cansequen:e ; but, as the whole matter is in the hands of the authorities, and parties are undergoing a strict inves ige ion by the sheriff and procurate fiscal, it would be obviously improper to say more at present.—Ayr Observer. Two MEN STARVED To DEATIL—In the terrific storm of Monday week, memorable in the north of Scotland, James Macdonald and John Mackay, both residing in the parish cf Bogart, Sutherlandshire, tae former deaf ani dumb, left their homes, for the purpose of attending the funeral of relative. The funeral procession, which consisted of not more than twenty individuals, had to travel, during the fierceness of the storm, a distance of from ten to twelve miles over trackless waste, four men, as is customary on such occasions, taking by turns the coffin on their shoulders. They arrived at the churchs ard, in the parish of Creioh, at a late hour, and after consigning the veteran's remains to the grave, they returned h omewar d s, t h e storm s till continuing with unabated virulence, amidst a hurri cane of wind, rain, and snow. Several of the party arrived at an inn, where nothing could be got but inferior whiskey and a p'ateful of oatmeal. The party then separated. Mackay and Macdonald had to go through a large moor, where the former soon found himself rapidly giving way, through hunger and fatigue. Macdonald, poor fellow, unable to do much, did all he could to keep up hisstarving companion, but in vain. lie was carried to the nearest house, where he von after expired. Macdonald had not gone much farther, in company with a young man, when he also gave up His young companion thereupon nobly took him on his back, and endeavoured to carry him to the first house, which was at a considerable distance, but, being himself also worn out with hun g er and fatigue, he wa s unable to carry out his generous purpose . Leaving poor Macdonald lying on the moor, he hurried as fast as he could to a distant dwelling, where he obtained succour, but on arriving at the spot where Macdonald was left, it was found that the cold hand of death had been lAin upon him in the interval.—Northern Ensign,