Northern Times. — Liverpool, Merseyside, England, 1857-12-26 00:00:00

AMUSExtENT3, PUBLIC MEETINGS, &c. THIS DAY. A.T II Royar..—Grinl Comic Pantomime-7 p.m. s eTA A AM ?in? ala ATlB—Ecriestri an Pe • romance-7 p .m, ttirsam's HALL, BOLFHITIiZT -ROICO-11 p.m. lISNGLAR'S CaltAUB VAII , TE, Dala-street —7 p.m. EcITAL COLOISZON—GeseraI Entertlinment-6.30 p.m. • For advertiseettsnti see second ps.g3. NOTICI4 TO ADVERTISERS. Parsons seeking Employment, parties requiring Servants Assistants oreterks, and those in search of Apartments, or having Lodgings to Let, can best bring their wants under the noic: of the public, by advertising in the NORTHICKN TIME 3 and which, from its large circulation, is the most efficient medium of publicity in this district. The cash price for this special class? of advertisements is *ow reduced to THREEPENCE FOR TWENTY WO 31)S, and for every additional five words one penny On SATURDAY NEXT, JANUARY 2, 18,58 WILL BE PUBLISHED, THE NORTHERN WEEKLY TIMES WITH A SUPPLEMENT, MAKING A TWELVE PAGE, 0. 72 COLUMN Ni."WSPA_PEIII, TIIREL I ITALF-I)ENCE. News ll'euts must, to prevent disAppointmen give early orders, 01F:CE, 19, SOUTFI JOIFS-STREET. TO CORRESPONDENTS. Tns MACNAUWIT C-mtritovaasv —"Te have several communications upon this sli , js3t w:iich we are ob!iged to hod over until Monday. Correspondents are recvested to write on one side on!y of the paper. "r - A tk , .4 ; ,6 u ,nr,t, SATURDAY, DECEMBER 26, 1837. THE' DAY'S NEWS. We publish to-lay further despatches from India It would appear by our.advices that Lucknow was taken on the 17th of November. Sir Cohn Camp bell and trii3 forces had been fighting from the 12th The British crossed the Canal on the 16. h, end early on the 17th a communication was opened with the distress,ad garrison. Five officers were killed, and 31 wounded, amongst whom was Sir Colin Campbell, but not so severe as to " interfere with doing his duty." The Gwalior reels had retired to Calpee. From Delhi there is an important announcement. Some twenty-four inferior members of the Royal Family, and Zeokeen Abdoolah, an in fluential rebel chief, had been executed. At an encounter near Delhi, the British had completely routed the rebels, but we regret to state that Gen. Gerard was killed on the occasion. The mutiny was spreading to several minor presidencies, but, on the whole, we may congratulate ourselves ou the satisfactory tenor of the news by this extra mail. The chief event of importance this week we announce to-day. The Bank of England Directors have reduced their rate of discount from 10 to 8 per cent. This must have a most favourable and important influence on the business transactions of the United Kingdom. The Directors of the Bank have cancelled the two millions of notes issued under the authority of the government letter, with the exception of 200,0001. The returns of the Bank as published in the Gazette must be received with the most lively satisfaction. The Bullion in the Bank is approximating to eleven millions sterling, and there is a reserve of notes of nearly seven millions and a half; Government securities have increased 46,5261., and Other securities have declined 1,176,564. The meeting of the Dock Committee on Thursday was not of niuch importance It was announced that the sub-committee approinted to investigate the letter from the Customs respecting measurement of breadstuffs in Liverpool, had come to the conclusion that it was not their province to appoint " sworn meters." Mr. Hubback, corn broker, though not satisfied with the manner in which corn and other cereals were measured in Liverpool, acquiesced in the decision of the Sub- Committee. He is evidently of opinion that the Government ought to make such an appointment. Messrs. George Booker and Co. complained of the inadequacy of dock accommodation for the timber trade of the port. They had been obliged to order one of their vessels into the Huskisson dock, entirely out, of the way for that business, and they intimated that in future, unless something was done, they would be obliged to send their timber vessels to another pert. At the meeting of the Health C Jeamittee this week, the case of alleged neglect of the parish officials to inter the body of a pauper, which body through such neglect lay for nine days in the house, and when it was interred it was in a state of decomposition, was discussed. There is something wrong in some quarter, and we would draw cur readers attention to the corres pondence which has taken place in reference thereto. The health of the town continues about the average. The deaths last week were 268. At the Police Court, on Thursday, Alexander Grey, said to be a sea captain, was sent to gaol for three months for stealing some I'7o- He pleaded guilty, but said he did not know what he was doing at the time he committed the robbery. The trade and navigation accounts for the month of November, and the eleven months of the present year ended 30th November, has been issued. The declared value of the expo is of the United King dom for November was 8,285,8151., being less by two millions than those of November, 1856, and by half a million than those of the same month of 1855. On the whole eleven months of the present Such suggestions carry their own condemnati on year, however, the exports amount to 115,007,1961., with them, and can never, therefore, become a being an excess of upwards of nine millions over the same period of 1856, and of upwards of twenty- part of our Indian p o li c y. Th e f o ll y an d eight millions over 1855. The shipping returns iniquity of their authors require, nevertheless' nearly correspond. We regret to announce that Mr. Archibald Pren- to be watched and exposed ; and, having tine, of Manchester, died on Thursday. He was a discharged this latter portion of our duty, we well known political man--tine of the originators would direct the earnest attention of our readers of the Corn Law League, a journalist. and a temper ance advocate. A Loudon paper says that "ho to the proposed dissolution of the East India Company. That a divided sovereir , T ty and a was the most honest Reformer which thin century has produced. The language of eulogy cannot do justice either to his public usefulness or his private division of supreme control, are dangerous worth." anomalies cannot be denied. In the present No doubt our readers will remember the case of Thomas Pooley, a weak-minded, harmless person, instance, they have plunged us into all the who was sentenced at the Bodmin summer assizes inhuman horrors of a war of extermination. to 21 months' imprisonment for the alleged offence T of blasphemy. The conviction and sentence were they have revived in our army the worst p h ases generally considered to be very oppressive, and of our buccaneer wars; and that these should that, it seems, is the view whi c h Si r G eorge G rey has taken of the matter, for he has advised the have been forced on an army who have always Crown to grant Pooley a free pardon. been renowned for valour and daring, which Our Birmingham friends have been holdin fog a meeting for the purpose of establishing a , t R erm have out-rivalled the wildest romances of chivalry Union." The meeting was adjourned. —to tarnish the brilliancy of our career of There is very little news from abroad. We have conquest, by bringing on us such bitter somewhat more detailed reports of the earthquake in Naples, which we find in the official newspaper. national humiliation, can never be too deeply A very great number of human lives have been lost, lamented ; and, in reorganising our Indian and the full extent of the calamity was not known at Naples when the steamer left. It would seem government and army, care must be taken as if the earthquake was not so much in connection by the English people, that both these elements with Vesuvius as with Etna, or perhaps with the cluster of volcanoes in the little islands north of ; of future greatness in the far East, are thoroughly When contrasting the military qualities of the Sikhs with the Sepoys, he says :—" In their "homes they are quite an agricultural race, by 'no means predatory, and they submit well to " discipline, while they have enough of casual " drunkenness and disorder to give discipline a hold on them." This is the first time we have heard that drunkenness and disorder are proper agents of civilisation and religion. The mer- cenary troops belonging to the Nizam have however, still stronger recommendation, in the opinion of this refined specimen of British- Indian purirty. When speaking of these ncorrigible scoundrels, he says :—' " Turbulen " as the foreigners now are, they would, probably " under us, with regular pay and regular strict " discipline, make admirable troops, ready to cut " the throats of any number of natives, whenever " required ; while, I fancy, that their numbers " are not sufficient to render them dangerous to "the empire when enlisted for general service." Such are the materials which are strongly recommended to form " the nucleus of the partisans "of our future rule in India ! We are engaged in the desperate work of annihilating an army in which all the worst traits of a savage race have lain dormant for a century ; and is it possible that we can think of entrusting the future destinies of our Asiatic Empire to troops whose sole recommendation is their natural love of drunkenness, disorder, and cutting the throats of natives ? THE NORTHERN TIMES.---LIVERPOOL, SATURDAY, DECEMBER 26, 1857 Sicily. News from Sicily has not yet been received, as the telegraphic communication itself has been destroyed. We have two days' later news from New York, by the Fulton. The policy of the Washington Government in Kansas had been strongly assailed in the Senate, and the free-sot party in Kansas itself had taken up an energetic position. All the New York banks had resumed specie payments, and the resumption was expected to become general. A protracted guerilla warfare with the Mo: mons was thought to be inevitable, unless large reinforcements could be sent against them. News from Alexis() announce the repression of the reactionary forces, and continued supremacy of C omo n for t. How to re-construct our Indian army is an important question. It already occupies the attention of the London Times and its corres pondents. As Christian conquerors, we take an immense responsibility on our heads. The punishment of offenders, civil and military, is a paramount duty which accompanies dominant power. The peaceable and well-disposed require this for safety, and, fortunately, we have in British India a large native population who are strongly attached to our rule, and it is necessary to discriminate between the mutinous Sepoy and the loyal and trustworthy }Endo.. Of the 150,000,000 of native Indians under our flag, not more than 200,000 can be said to have taken up arms in the existing revolt. The true origin of this lamentable event has yet to be disclosed, and the revelation appears to be at hand. An unhappy sun-stricken Anglo-Asiatic, who, in the frenzy of a coup de sang, styles himself A Soldier," has written to the London Times a letter, four columns long, which brings to light some very singular facts. This production appeared in our cotemporary's columns on the 19th instant, and its author commences by recommending, among other things, that the future army of India should be "an agent of "civilisation and religion, and a nucleus of the " partisans of our rule." These are certainly most desirable objectF, and it appears, from the writers own words, that the Sepoys, previous to the mutiny, were the best troops which could have been selected for his objects ; for, he tells us, that—" It has been well remarked of the old " Sepoys, that they were, in quarters and in their "ordinary duties, so well behaved that it was "impossible to lick them into shape by discipline. "It was all a level surface, but we had no hold " upon them." There could, surely, have been no better agents of civilisation and religion " than we had in these troops, and why they ceased to be the nucleus of the partisans of British rule in India, must yet be sifted and made public. In the meantime, " A Soldier," after naming every native tribe in Hindostan and its. neighbouring countries from which we may raise an army to supply the place of Sepoys, gives his preference to the Sikhs, and the Aboriginal tribes of Southern India, who now compose the mercenary levees employed by the Nizara. The national characteristics and personal qualifications of these two, especially favoured races, are very elaborately deseribedby their zealous patron grace to the long cherished policy of centralisa tion. The state of political parties in this coun try could not possibly be less favourable for such an addition to the power of our rulers. Place and emolument have long since ceased to be na tional rewards for political ability and purity. Half a dozen families monopolise all the emo. uments of State service, and where such a system prevails it is often impossible to reconcile the aggrandisement of the Crown, and the political advancement of the Empire, with the material wel fare, civil progress, and religous freedom of the people. In this instance the mis-government of India has produced the usual amount of public debt, and a large deficiency in the annual budget. The mutiny of the entire army, will compel us, notwithstanding all that may be said to the contrary, to supply its place by Euopean forces. We must not return to torture for revenue, nor rely, a second time, on turbulent savages and cut-throat natives, for the maintainance of law and order in our distant possessions. Supplying the vacuum which the proposed change must necessarily leave to be filled up, will consequently give the PALMERSTON and Family Compact par ties, 26,000,0001, in addition to their present excessively large amount of patronage. Are the Parliamentary, Financial, and Currency Refor mers prepared for this ? Do the Free Traders, see no cause for uneasiness in such an acquisition of strength on the part of those who give but a conditional assent, at best, to the dogmas of Free Trade ? The question, however, is one of universal importance, and we would ask the PEOPLE, with all their varieties of religious, politi cal and social interests, as they now stand in the balance of power, if they are ready to give an unqualified assent to one of the greatest political changes, which has taken place in favour of pro fessional placemen, within the memory of man ? IN the long Message of the President of the United States, which we laid before our readers on Monday, it will have been observed that there is not any other topic so minutely dilated upon as that relating to the actual position of affairs in Kansas. From what the President says, respecting this destracted territory, it is evident that he and his supporters regard the situation of Kansas as anything but agreeable. As we remarked on Monday, Mr. BUCHA.NAN'S sentiments, respecting Kansas', is very likely to be unpopular with the people of the United States ; inasmuch as the BUCHANAN party have lost the object for which they put in jeopardythe lives of their fellow-citizens, and the prosperity and safety of an extensive province. The President advocates the acts of the Lecomp ton Convention, but seems to forget that the hosts of questionable characters from Missouri, who achieved the temporory triumph of the Slave-holding interests, have taken their departure from the scene, and now the people of Kansas are sufficiently strong to assert their own rights, and competent to pronounce an opinion as to the nature and objects of the laws by which they shall be governed hereafter. Governor WALKER has insisted upon this right, but for doing so, he has incurred the displeasure of President BUCHANAN, and has been summarily dismissed. Thus, the Chief Magistrate of the American Union has thrown clown the gauntlet of defiance, and challenges a trial of strength with his Cabinet upon the exciting topic of the Kansas Nabraska Act. Such a course is nothing less than telling the people of the Federal Government, that Governer WALKER has clearly infringed the law of nations, and is a public nuisance, if not a convicted pirate. Indeed, there cannot be a question as to Mr. BUCHANAN'S intentions. Ile has allied himself with the "Bogus " Legislature, planned, proclaimed and established by the adventurers from Missour on the faith that his approval of such legislature would command for him, in Congress, support from the South and from the Southern party in the Northern States. This becomes, unquestionably, clear, if we scan over the doctrines which he enunciated, in regard to the Kansas Territory. He declares the legislature— elected by men, very few of whom had any legal right to vote—the " lawful government" of the territory, and stigmatises those who call in question its usurpation, the "revolutionary party," although their obedience to the laws was even more docile and free from disaffection than he vassals of the Emperor of Austria, or that spiritual and temporal potentate the Pope o Rome. Again, Mr. BUCHANAN asserts that the law by which the Convention was to be elected was, everything considered, fair, just and honourable, although it is well known that from the tactics of the Pro-Sla►ery party, all who held political principles of an opposite character were prevented from taking any active part in the Kansas elections. This part of Mr. BUCHANAN'S message cannot be regarded with favour by the opponents of slavery, not only in this country, but throughout all parts of the globe where slavery is condemned. The President evidently takes part with the Missouri borderers, and cares purged of their former impurities. In commen cing the work of Indian Reform, we have .to encounter the worst of all political evils. The abolition of the East Indian Company, will place in the hands of the government, an amount of patronage never before enjoyed by the rulers of any Constitutional State. The power of the Placeman will be augmented to the extent of 26,000,0001 annually. This amount of Indian re venue, will henceforth be disbursed, for the greatest part, among the military and civil ser vants of the Crown ; and will be the coup de not what may be the consequences of such a policy. This opinion is borne out by the tenor of the news brought by the Kangaroo, and which ap peared in Wednesday's NORTHERN TIMES. Accor ding to the latest New York journals, the American Cabinet are determined to maintain, a' any cost, the very questionable policy we first alluded to. Governor WALKER and other demo crats, who feel less desire to promote slavery in new territories than the leading officials at Washington, were desirous of submitting for popular approval and ratification the whole of the Constitution framed by the Convention. But this, the Convention and their abettor; the American administrators refuse to allow. They will only countenance the right of the people to ♦ote upon the single clause relating to slavery which, by the Kansas Nebraska Act, they were compelled to refer to the people. This refusal has not failed to excite popular indignation throughout the territory, and Governor WALKER, feeling the justness of their claim has sided with the populace, whilst the President and his col leagues in the Government take part with, and espouse the designs of the Missouri borderers. What then must be the result of the course adop ted by President BUCHANAN ? Nothing less than extension and upholding slavery. This, as a matter of course, will not fail to create a seism in the democratic ranks. When it begins to mani fest itself, then may we expect to see the Presi dent foremost in theranks of the Pro-slavery party. The slavery question, for a long series of years, has been the theme of much bitter feeling between the Northern and Southern States. It was expected, that when Mr. BUCHANAN assumed the dignified and important office of first magistrate of the American Union, that he would rise above the strife of party, and the ill judged rivalry of all political sects and classes of the people. That his Government would direct its best efforts to preserve the peace, integrity and advancement of the Union, by steady and un shaken loyalty to that one great and important object. Already we have seen that such is not to be the career of Mr. BUCHANAN, as President of the United States. It will require moderation and sagacity, of ao common order, to allay the ill-feeling which his Kansas policy has, and will, provoke. If the Anti-Slavery party are true to themselves, they have the power to compel a wiser course of action; nor shall they want, in the people of this country, earnest and zealous sympathisers, seeing that England detests slavery in any and every shape and form. THE COURT. WINDSOR, Dec. 24.—The Queen rode out on horseback this morning, attended by the Hon. Mary Bulteel and the Equerries in Waiting. His Royal Highness the Prince Consort went out shooting. LEWIS AND COMPANY'S NEW ESTABLISHMENT FOR BOY'S CLOTHING. —Number of boys clothed for the weak ending Saturday, December 19th, 814; corresponding week last year, 494—increase, 320. LADIES' CHARITY. —The election of a Surgeon to the Ladies' Charity took place in the Clarendon Rooms, at two o'clock on Thursday. The candidates were, Mr Wilson, of West Derby Road, and Dr. Skinner. Mr. Wilson was elected by a m:ijority of 82 votes to 43. THE SPUR.ITOWE WILL CASE.—Oa Thursday last, Mr. D ,vaaiport, of the OiklandP, took possession of the lands whicri formed the subject of the seven days' trial at the last Cheshire summer assia2s. A large party of friends accompanied Mr. Davenport and his legal adviser as they walked through each portion of the e t a t e . Th a t cere mony being concluded, a number of gentlemen repaired to the Oaklands for dinner, while the villagers and their neighbmrs fell to work oz three sheep, which hod been roasted in different parts of the parish.—Chester Chronic'e. THE Latnacir OF TEIE LEVIATHAN,—Mr. Griffiths' model of the launch of the Leviathan, which we mentioned last week, did not reach the Erchangu-rooms till Wednesday. It is new there, and a competent person attends to explain it. The real launch having attracted so many to London to witness it, we have no doubt that those who cannot afford so c xpe nsivo a luxury will he glad to hear that they have now an opportunity of making themselves acquainted with the scene and course of action by the short and inexpensive journey to the Exchange-rooms. The Siamese Ambassadors left, on Thursday, for Man chester, with their suite, They were arc mapanied by the town authorities as far as the railway station. It given us much pleasure to announce the fact, that the Ambassadors, during their "visit to Liverpool, hoard such a favourable report of the firm of ble=ars. Abrahamson, Brothers, of Renshaw-street, watch and clock manufacturers, that they (the ambassadors) at onco sent for one of the firm, to the Adelphi Mote!, and after ea iminiug samples of their goods, purchased a quantiiy. Tide favour we are sure, must be pleasing to Messrs. Ab ra h amson , B ro thers, a; it shows that their stock is app rec i a t e d by more than their fellow-towns men. g gLl:.vtrearpgoroaPl.L Bank- Bi " an odd MALAPROPOS ERROR OP TILE PRE3S.—The _Daily News o ro f p y t e o s;e o rd f ay m c r o . John tairied D th o - iie fo rt l y lt:w c : f u accident the nam , s of Mesera. Lee and Nigh ing a l., respectable newspaper correspondents at Liverpool, ware rnEntioned in connection with the case of tho bankruptcy of John Doherty, reported in th.! Daily News of yesterday. It is due to thoes gentlemen to gay that they were merely reporters of the case," The mistake arogs from the fact, that the heading of the paragraph, " Disalosures in the Liverpool Bankruptcy Court, Yesterday," was, as usual, preceded by the nausea of the reportes, and by some thoughtless error, this was overlo)kcd by the printer and reader, so that it read, in large type, "L'-ie and Ni4htingale —D'sclosures in the Liverpool Bankruptcj Court, Yester day." CLOSE' OF ALL9OP'S ROYAL WAX WORK EXIIIETTION, LIME -STREET, LIVERPOOL. —The above splendid es ablisb moot will positively close on the 25th o. January, 1858, wi•hout fail. Mr. Allsop respectfully announces that he has just added lull-length figures (correct likenesse) of the Rev. Mr. Sp irgeon and Goneral ilsvel,ek, and a number of other beautiful figures, as an addition for the Christmas holidays: Mr. A. res:iectfugy begs to iuform his frirnds and the public that he is going to travel with his Wax tvork Figures; therefore, after the close of his Exhibitio!t, the proprietor has given instructions to Mr. Branch to sell by auction the whole of the splendid Statuary in the Sculpture Galleries, all the plate looking-glasses, twelve gas chmdeliers, a number Of single bracketo, a great variety of choirte busts, and the whole of the timber in the Sculpture Galleries. Mr. A. would be willing to come to satisfactory terms with the next incoming tenant to let the galleries stand. MUTINY I THE Riven —On Thursday evening, infor mation witi conveyed to the po!iee that a frightful scene was being enacted on the Anytrican passenger ship J. J. Bryd, lying in the river, and just about to depart. One or two of the passengers had come ashore in a steam tender, through fright, as the crew had mutinied, and were runeing ~ bout with handspikes and drawn knives. In spector Horne immeliately proceeded, with seven or eight police constables, in one of the tag steamers to the vessel, and they were allowed to board it without an•r hindrance. ' They found everyone is a fearful state of excitement, as the decks were crowded with passengers, and the crew were actually in arms, threatening and refusing to proceed to sel. Toe second mate's mouth was much Licerated, he having ju,t been struck by one of the men with a hand spike. The captain, Air. Tnornas, desired the police to Oke every one of the seamm to bridewell, on charges of mutiny and assault. The crew made no opposition, and 27 of them were put in irons and brought to shore. They allege that the cause of quarrel was b ad provisions, MONETARI AND COMMERCIAL. lavisrooL, Thursday Eveaing Business affairs seem to brighten up. There was a very slight demand for Money, and what is much more satisfactory, the Bank Directors have reduced their rate of discount by two per cent., the minimum rate being 8 per cant. The Cotton Market was influenced by the notification that the Bank had reduced its rate of discount, and prices were fully maintained— indeed holders demanded enhanced rates. The sales were 8,000 bales; 2,000 on speculation and for export. Messrs. Wright,,jun., and Co., in their circular of this evening, make the following re marks : The Niagara conveyed our lest circular advice', dated 18th instant. Immediately after her departure the cha racter of our Cotton Market completely changed. The trade appeared in force and for quantity, and both specu lators and exporters were active competitors for the offering stock, which was much curtailed by the unwillingness of holders to submit to the rates then ruling. Regularity was established, and something nearer an approximate valne for different qualities again prevailed. The sales were 10,000 bales, and the animation continued on Monday, when 8,000 bales changed hands. Tuesday's business amounted to 5,000, the improvement being fully supported. On Wednesday the eagerness of buyers somewhat abated, and samples were more freely at command, wile renewed desire to progress, more particularly in the lower classes, which, from their trashy nature, are still difficult to move. To-day's operations are estimated at 8,000 bales, 3,000 to speculators and exporters, prices closing steadily at id to d advance since last Friday, the reduction of two per cent en the Bank rate of discount inspiring fresh confidence, though made known too late to have any important influence on the transactions. The very favourable Bank returns, and the continued influx of specie into this country, as well as to many of the Continental cities, gives rise to the opinion that money will shortly be available at very low rites of interest, and so benefit trade, and this has d eubtless stimulated the markets generally into greater activity ; hut, in takieg a retrospective view, it must not be lost sight of that the crippled condition of mostly all engaged in the staple, and the influences that the heavy decline in the raw material and manufactured article have yet to exercise in foreign markets, is likely to engender a degree of caution, and check the toe rapid expensing which cheap money would otherwise control. To regain past losses will be the aim of all, and risks will be e tutiously entered upon, unless the inducenaente are encen-aging. With the prospect of large supplies and 'accumulating stocks it is more than probable that sales will be made freely on arrival, particularly as, after the wholesome lesso❑ acquired in the last two months, bankers will look well: to the security before enlarging their advances. The total sales of the week (five dug) amount to 40,550 bales, of which 28,840 are American. Speculators have taken 9,930, and Exporter: 4 ; 070, leaving 26,550 bales of all kinds to the Trade. The import for 9111111 time is 27,857 bales, of which 22,562 are American. The qusotity known to be at sea from American ports is about 60,000 bales. PRIM TO.DAT. New Orleans Fair ..611 6d Ordinary.. 21d to 41d Mobile • • 6.1 , 1 „ -41 to 411 Atlantic „ ..6id „ 51,t „ 3d to • 41d Total talon forConslption, 1857, 1,860,820 bales. 1856, 2,144,510 bales. ,9 Export (actual) „ 245,786 „ „ 261,119 „ AmerizAn Brazil Egy - Alan E. India W. India Total Stock this day.. 148,800 40,769 11 720 140.7.,0 2,080 387 110 Same time 1856 200,090 20,730 35.230 61,210 410 322,720 Messrs. Kershaw and Jardine, say :- The slight improvement which was manifest in our Market at the close of last week, was further increased by the very favourable Bank Return of S durday, which praducsd a feeling of confidence that a reduction in the rate of discount must soon follow. Holders, cons-quently, became indifferent sellers, many parcels being withdrawn from the Mark.d, and a general advance of 1 per lb. was established on that day ; since then, we have experienced a mere active demand this for some weeks past, sal !Aces have gradually hardened, resulting in a total advance of about per lb. on middling, and id. en the more ordinary denrip!,ions. The Liverpool Share Market was very steady to-day, with only a moderate businesa doing. Tho following were the transactions :-Birkenhead, Lancashire and Cheshire, 68; Blackburn, ; Caledonian. 41; Eastern Counties, 11:; Lanca shire and Yorkshire, 931, 931; Do. one eighth shares, 15-16 d ; Manchester, Sheffield and Lincolnshire, 93:. 931 93d ; Midlands, 891,89/ c, 89, S9l, 891, 89; North Eastern, 23:124, Devers, 20, 20:; Grand Trunk of Canada, 11-1 ; Great Western of Canada, 19k; Bank of Liverpool, 211 ; Liverpool and London Fire and Life, 71 p ; Royal Insurance, 71p. The following were the closing prices :-Blackburn, 9,1.; Chester and Bir kenhead, 671, 681; Caledonian, 41, 411; Chester and Holyhead, 171, 171 ; Eastern Counties, 119-16, 1111-1 G ; East Lancashire, 91,92; Do. 9/. Shares,par, p*; . Great Northern, 24, xd 241; Do., A, 10, 101; Great Western, 541, 55; Lancashire and Yorkshire Stock, 93, 93: ; Do. 9/. shares, l e , 4 p ; Liverpool, Crosby, and Southport, 181, 181 ; London and North Western Stock, 961 961 ; Manchester, Shef field, and Lincolnshire, 391.39-; Midland Stock, 89, 691 ; North British, 121, 121; North Staffordshire, 31, 3: d ; North Eastern-Berwick, 23k. 24; York and North Midland, 411, 421; Leeds Capital `-ltock, 26, 26; ; South Eastern, and Dover, 201, 20 15-16; Buffalo and Lake Huron, 61, 6 ; Do. New Shares, 61, 6 ; Dutch Rhenish, ti, 4 d ; Great Western of Canada, 191, 191; Do. new shares. 11 d ; Great Luxembourg, 71, 7 ; Grand Trunk of Canada, 111, 111. As we intimated above, the Bank reduced its rate of discount to 8 per cent. this afternoon. For a long time past unmistakeable symptoms of re turning ease have been apparent, aril the last two weekly Returns issued from the Bank clearly indicated an approaching change ; but the public required and have now obtained a " material guarantee" of the subsidence of the stringency and pressure which, during the last few months, have been attended with so much commercial distress. Precisely the same ae in the United States, there is now a prospect of discount accommodation becoming very cheap, and the competition between the moneyed interests will, no doubt, occasion a further decline in its value before the spring. The cause is obvious. Trade is restricted in all directions, and for months to come the cerritnerce of the country will require a proportionally small amount of capital, and the surplus will be sufficient to force the terms of in terest to a much easier point. A few weeks ago, all were anxious to borrow, and few felt disposed to lend ; the order of things, however, is now reversed, and this will become more and more apparent as the outstanding securities run off, and credit revives. The step which the authorities have taken this afteriloon will render commercial paper more readily negociable, a disposition will be shown to discount bills, but as merchants and others are disinclined to extend operations until affairs get more settled, money will be in excessive supply. The alteration was generally expected, but it nevertheless caused a very satisfactory feeling among all classes, and it has led to the expectation that the new year will be accompanied by a gradual dispersion of the injurious effects of the crisis, not only in this country but also in America and on the Continent. While the rate of 10 per cent. was maintained it proved that affairs were still greatly deranged, that the bank could not yet throw off the protection of the treasury letter, and, finally, that their position was still one of great difficulty, calling for the continuance of a restric• tive line of policy, such as was never witnessed at any previous period of modern financial history. Now, however, an alleviation from these onerous, and, it may be added, usurious conditions, having been inaugurated, no one can any longer doubt that the crisis has been surmounted. The London Joint Stock Banks have reduced their rate of interest on deposits to 6 and 61 per cent. Many ?night have imagined that a reduction of two per cent in the minimum would have caused an immediate rise in the Funds, but, singularly enough, the first effect was quite the reverse, the quotations being heavy. The speculators had " gone foi" the measure to the fullest extent, and hence the temporary abaence of increased buoy_ ancy. Towards the close, however, several pur chases were made, which sent up prices to the amount of 4 per cent. The Three per Cent Consols for Acoeunt ox dividend were dealt in all day at 934, 93t, at which price they officially closed ; after offi..3ial hours they were quoted 931. The New Three per C'311:3 were 931, 931, and 931, and the Reduced 931, 931 933. India Bonds were 20s discount, Bank Stock 2181. Excheqaer Bills were at 3s dis to is prem., and the Bonds 98,1. The London. Railway Share Market has been quiet, and a decline of about 1 to 6 per Cent. has taken place in the value of most of the leading lir* Eastern Counties declined 1, Edinburgh, Perth' and Dundee 1, North Western 4, Mancheste r, , Sheffield, and Lincoln North Eastern (Berwick) and South Eastern Great Northern advanc ed 1. and Oxford, Worcester, and Wolverhampton , The Foreign and Colonial lines ruled at ratite firmer rates. Paris and Lyons advanced 1, 1 01 ; bardo-Venetiani, East Indian I, Great Western (1 ' Canada I, and Grand Trunk of Canada 3 e. The Board of Trade returns for the Mon th ended the 30th November have been issued te-dt 1 1; and show the following results :—The total declare value of exports for the mouth last passed Ig , 8 285,811 1 , whilst for the correspondi n g m onth e` A 1855 and 1856 they were respectively 8,759.849/ en' 10,272,0751. The total importation of coffee for til t e month in 1857 was 7,457,7941 b, against 4,264,725 1 ,' in the corresponding month of 1855, and 5,067,810 1 g' in 1856 ; whilst in the same period there vin r e entered for home consumption, r e s ne etivel)' 2,595,9101 b., 2,978,8161 b. and 2,739,6511 h. V,1,; refined Sugar shows an importatio n o f 514,fr t cwt. for the month of the present year; 1011,64 for 1855 and 1856 the figures stood res pective') 572,246 cwt. and 363,526 cwt.—the quantiti el , taken for home consumption during the ell; period being, for 1857, 502,4.76 cwt. ; for 1- 84 v; 625,800 cwt. ; and 1856, 526,611 cwt. I n Will!: of various descriptions the importations for th e month of November last amounted t o 638.4% gallons ; for the months in 1855-1856 th e y wer e respectively 565,517 gallons and 807,062 gallon,:,; The quantities entered for home cons um pti on ill th` same periods were-1857, 508,413 gall ons ; 18 5," 1 617,047 gallons ; and in 1856, 843,344 gallons. v Spirits, including Rum, Brandy, and Geneva, the e were imported during the month of the proses' year 500,693 gallons ; for the corresponding m onth in 1855 and 1855 the fig ures were 1,078,969 gallons, and 429,477 gallons. The quantities taken for hem° consumption during the earn s period were 390.162 gallons, 444,088 ga ll ons , s a d 462,677 gallons respectively. A s regar d s ti Shipping Tra le, we find that in th e mo nth n a November last there were 3,020 vesse l s em ployed in the foreign trade, with a tonnage of 754,023 tered inwards ; whilst in the corresponding most' of 1856 the number was 2,590, with a tonnag e of 755,705. There cleared outwards during t h a ; same periods respectively, 3,261 s hi ps , 788,4' 1 tonnage, whilst in the corresponding month°, 1856 there were 2,828 ships, 750,111 t onnage . the Coasting Trade, during the month of the present year, 10,446 vessels, 1,058,009 tonnag e enterA inwards ; and 11,519 ships, 1,145. 44 tonnage, cleared outwards. I n th e correspo ndio , ~ month of 1856 the numbers we re — s hip s 10,051 tonnage- 1,063,160, and ships 11,448, tonnag e 1,105,853. 853. During the fortnight end e d t o -d a y, th e atnon et ~, of bills drawn by th e E ast I n di a C ompany , on t h e Presidencies, was only £1.782. • Between £60.000 and £BO,OOO in gold was so ld to the bank to-day. No failures in Lond on were reported, but t h i f suspension of Messrs. Stevens, Vermehren, an Co., of Newcastle, is announced. At Paris to-day, the Rentes were depressed, t ll f g closing prices being 67f. 55e. for money, and 61 75c. for the account ; th e F our an d a Half P er Cents. were 92r. 50c., and Bank Shares 3,150 f. 1 , At a meeting of the credit or s o f Ch ar l es Nieht ) son and Co., of Lon . - .'ion, to-day, it was agreed to „ t accept an offer of 12 s 6d i n th e poun d, paya ble 7 5 4, 8. 12, and 16 mon th s ' d ate. Th e b alance - s heet s give the liabiliti es a t 11,5701, an d t h e peobevii`e assets at 11,570/; a nd 56,3141, and 48,7101, for ti " St. Paul's-churchyard and he Cannon-street estat es respectively. FRIDAY EvENINO - weekly returns of the Bank of England W ssued this evening. Th e y are aga i n o f a 113° - , .a . vourable character. The follo w i n g are the o r • denial's : BANE OF ENGLAND RETURNS. Account, pursuant to the Act 7th and Bth Victoria. cep• - for the week ending Wednesday, 23rd Dec., 1857. ISSUE DEPARTMENT. Debit. Notes issued .. £26,683,790 Of which £2,000,000 are is sued under authority of the letter from First Lord ofTrea- Bury and Char. of &chewier Credit. Government Debt Other securities 5,459,90 Gold Coin and Bullion ~ . . 10,208,790 .---- Total ~ 26,683,790 BANKING D' Debt. Proprietors' ca pital Rest Public deposits 7,428,807 Other deposits 15,151,818 Seven day and other bills 870,438 TARTMENT. Credit.. Government se curities , L 5.492 ,756 Other securities 28, 088,1 1 Notes 7 ,426,67 Gold and silver. coin ./4,491 2 1 0 £41,552,103 Total £410 55- ' 0 Compared with the previous returns, we hag s .he following results : Active circulation Docrease Bullion Increase Rest .... £l9 257. 120 •• 386.440 . 10,753. 2 1 Increase Seven day and other bills Decrease Public deposits Increase: Other deposits Increase Government securities 1 5573• 1 : 41 4358 9 758210417 2 4;2872G 384820415:530-13141 , 375630u Increase Other securities Decrease Notes unemployed Increase Cash to liabilities, per Mil 339 Increase 65 Rate of interest 8 per cent. Decrease co , We (Edinburgh Express) understand that JameS og Esq., M P. for Dartmouth, inten,'s to move, as 813° bill the parliament re - assembles, for have to brie; bf to extend to Scotland a r i g ht s i m il ar to t h at 604' the Frt , -shilling freeholders of England. znne ran cs DISCOVERY OF ANTIQUITIES A T ATHENS.—The bea of Athens says, "The excavations being made at tDe, if ity• tre of 13..ca'eus continue to be ca rr i e d on w i t h great 6te'cisfr The Minister of Public Works visits the spot e very the and the conservator of antiquities himself directs a o test works. Among th e fo re i gners w h o s h ale the ~gl„gli9D interest in these exca va ti ons i s M r . W yse, the '" Minister, who is a great amateur of archmolegv. be The Burg and Norwich Post says ° t i r e 8° thought very sceptical, but w e mus t con f ess that W e , ( ettl incredulous as not to belie v e a wor d o f the ver2;,rlers tale of Jessie Brown and th e pib roc h o f the lIIP -- irca` at Lucknow, which purp or t s t o come to us by the l 'i to sn tours route of a letter from the French physician t° en d Rajah (?) at Calcet a, publishrel in a Jm•sry P a P e :ic ilt thence transplanted into the Pays of Paris, fronl s e ote" by some unexplained process, it is rendered into th e vernacular for the London press. le tter THE EXCISION or A MAN' S T ONGUE —Te e followlgter o f has been addresstel, by Prefess 3rSyrne, to the ?„, w elle a tie : —"I regret th it an operation, which a.'r a g o t pi to perform in the Itay a l Infirmary of Edinburgh , d oe 0 into the newspapers; but, as it has unfortunately o bjee' the public should be c orrec tly i n f orme d on the, o acer: Partial removal of the t ongue , f or t h e rem edy A t th at having been found worse than useless, it was theui r diel extirpation of the whole organ might afford effee tt l e rel 13 , lip en this principle Iprecee.ded. The patient ta t t d d gal consequences dir e cly from the operst . on ; b . O beel e ; end of a week, when the ext erna l woun d w as (1 11t ; h t 11 0 . diei suddenly from an interred disease, which 01 0 1, of 11 15 been excited by any other i rr itation in a Pel l constitution and habits." Gorge METROPOLITAN TOLL GATES.—The Sj °th : Bong, M.P., has signified his intention to Di a l a went , re-assembling of parliament, foe sam e returns to the ' tne tre s in relation to the toll-gates end b a rs rOO , l l the ir re' ' t polls, and those parishes which no w repair a en rely and streets without any hid or assistance, ba t no -jibes w ho of their locd means ; an d a l so as t o these r to ia ria o , do not renair all their own roads, and vg b h ° ti g q by the Will are not maintained ou t o f l oc d rate, la torm ,tian W o f collected at local ga t es an d bars. T tte difa °ai l l or important,be as showing where lies tbeti clearing Liadon of such barriers. Tbc i g to ii the g. a b. Lduden '.uthorit: es have abolished all th . eir ouring p . ari t g er in the City-road is kept up in a 136u g h o f Weetur s t be Whilst the principal parishes in the "Y r o va roa d !' tee are without toll-gates and maintain thole a vir, c ranis turnpike-gate at Kensington is kept 11 P pariih. the City to the Tw, fort Cam Mai th e i rep Obs ope pos figl Cal `93d Inf Inf mil Cal Ina Ms dis fell ins 1)r St Cc be eb t o Y of ad eta sal