The Northern Daily Times. — Liverpool, Merseyside, England, 1856-11-13 00:00:00

Conuntrciai*altsl.—ebis OaR. At twelve o'clock, at 18, Chapel-street , 10 casks Sugar Scrapings and Sundries—D. C. Buchanan and Sons. At half-past twelve o'clock. at 9, Oldhall-street, 145 packages Tea— Lloyd, Matheson and Co. At twelve o'clock. 20 tons E. I. Seed Oil—Cox Brothers. At twelve o'clock. at the brokers' office, 3 casks Hag Annatto— T. 0. Cooper and Son. At h alf-past twelve o'clock, at the brokers' ofilce,ll, Oldhall-street, about 600 packages Tea, all faults—James Bateson and Son. At twelve o'clock, at No. 1, Oldhall4treet, 125 tierces fine new Carolina Rice—How and Barclay. At twelve o'clock, at the broker's office, 2, Chapel-street, 4 pun cheons Palm Oil—R. L. Clare. At twelve o'clock, at the brace.; office, 13, Tempest-hey, 200 bags tine new.. umper ilerries—J ha Rowlinson. At twelve o'clock, at the brokers' office, 13, Exchange-buildings, 2 500 bags and 1,531 pockets fine henga Rice—T. and H. Little dale and Co. At twelve o'clock. at the office of the brokers, 9, Temple-count, 292 boxes and 1;0 barrels Currants ; 60) boxes and 520 half-boxes Muscatels, in layers; 40 boxes New Jordan Almonds; 50 skeletou cases, 2000 boxes. and 2000 quarter-boxes and quarter. drums Turkey Ft gs—Houghton and Levy. • At el, ven o'clock, in the Commercial Saleroom, Temple-court, 352 half-chests Lisbon Oranges; 10 half-boxes Lisbon Tomatoes; 902 hues Palermo Oranges; 6 boxes Palermo Apples; 32 barrels and 6 boxes Naples Apples; 9 barrels and 6 boxes Palermo Grapes; 50 ii,nrs tine Naples 'Walnuts; 230 cases Meacina Lemons; 100 baes Messina Nuts; 20 half-cheats Malaga Lemons; 50 halt-chests Port ;Onions ; 100 bags Turkey and 100 bags Spanish Nuts—James Adam. Son and CJ. Conitneretal Sates. THIS DAY Tuts Da.v, the 13th instant, et Twelve o'clock, at the Brokers' Office, 13, Fachange 2500 Bags 1. Fine Bengal RICE, 1531 Pockets s , ist landed ex Thomas Brocklebank, Prince's Pock.—Apply to 'Messrs. Thomas and John Brocklenank, Merchants ; or to T. & H. LITTLEDALE & CO. Brokers. TO-MORROW o-moss.ow, the 14th instant. ,t Twelve o'clock, at the Brokers' Office, 13, P.xchange-buildings, 990 Bales JUTE, ex Thomas lirocklebank, Prince's Dock.—Apply to Messrs. Thomas and John Brocklebank, Merchants : or to r. & 11. I.ITFLEDAI.E & CO., Brokers. To-iiiitinoliry the I Ith instant, at One o'cloct., 60 T,ni; N [TWO E OF SODA, ex Petchelee ; 2: 0 Tons Bird Island GUAN e, ex Neptune ; it3r) Tons West India PI - MSPIIATES, cx Mariner; 22 Tons Mexican GUANO, ex Star of Empire. Apply to ARNOTT BROTHERS.• Liver-chambers: Tithebarn-street. Tto-stosnow, the 14th instant, at One o'clock precisely, at the Brokers' Office, 19, Exchange-buildings, I'9 Bales} Sawginned American SEED SURAT COTTON, 3 Bags dams e 4 by sea water. lying at the Lancashire and Yorkshire F.aiiway Station, near the Stanley Bock —App ' t e 23 03.. rokers. NEXT WEEK. Returned, Wrecked. and other Property,.to do e accounts. On Tau 11,DAY, the 25th instant, at One o'clock. at K. W. Preston and CO.'s Office, 4. India-buildirgs, Water-street, 195 Cases CHAMPAGNE, 5,7 Cases 25 Cases, Vintage 1851, CLARET, 282 Cases Fine Old PORT, 12 Pipes YORT, 4 Hhds 9 Hhds t SHERRY , Cases r 21 Elhds WHITE. WINE,. 3 Hbds MADEIRA, 413 Cases "OLD T dM," 100 Cases HOCK, Cases 37 Hhds t BRANDY, 63 Bd.. Together with other WINES and SPIRITS.—For particulars apply to R. W. PRESTON & CO., Brokers. lIIS DAY, R. J. NODDER Will respectfully offer his Selection lot' !Parisian' and English RIDING and WALKING HATS, BONNET i, and CAPS, with every description of Trimming's, Feathers, Laces, &c., of the moat fashionable and tasteful kind. 81, CHIJRCH STREET. Ely fintibtrn Timm THURSD4Y, NOVEMBER 13, 1856. THE DAY'S NEWS. The usual weekly meeting of the West Derby Guardians was held at the Workhouse yesterday. The proceedings were confined to the adoption of • the report of the Visiting committee, that steps be . taken towards securing increased accommodation for the inmates. Several members appear to be in favour of erectinc , a new building. Others think that that would ' be a useless and unnecessary expenditure Those gentlemen interested in the completion Of telegraphic communication with America had yesterday an opportunity of hearing from Mr. Field, of New York, the chief projector, a full bxplanation of the arrangements entered into for this iropot.tant purpose. A large number of gen tlemen accordingly attended the Underwriters% Roetns, at one o'clock yesterday, when Mr. Field, at great length, entered into the history of the - Atlantic telegraph, how it came to be thought of, and the steps that had been taken in the matter. it would appear that already 242,000 miles of telegraphic wire have been laid between St. John's and the British North American section. They had telegraphic communication from New Orleans to St. John, Newfoundland, on the American side, and from the uttermost por tion of Europe to the West Coast of Ireland, consequently there is only about 1,900 miles of wire to be laid. During the survey not one rock was found in the soundings from Ireland to ° Newfoundland. As to the cost, Mr. Field said that in all it would be under .C:350,000, and he had no doubt it would amply repay all who entered into the scheme. if all goes on well, the com munication, will, it is said, be in fair operation towards the end of next summer. Our readers will, from time to time, have had their attention drawn to the antics of an attorney, named Goodere. He is a regular attendant at the police-courts, and gives the magistrates and others infinite trouble, by his ungentlemanly behaviour. It will be seen that Mr. Sands, yesterday, pro tested against his way of doing business, and threatened to take severe measures to compel him to treat the court in a respectable manner. It is to be hoped that Mr. Goodere will have the good sense to pay attention to the bench, and not trifle away their time with petty annoyances, which are far beneath what shoulid emanate from an 4 ' attorney and a gentleman." We hope to hear no more of such exhibitions as those of yesterday. Their repetition aro getting quite offensive to all . right thinking men. The affairs of the defunct British Bank have again been brought before the public. Yesterday, at the Equity Court, before Vice Chancellor Kindersly, Mr. Rolt appeared for the assignees in bankruptcy in support of a motion which was brought on exparte on Saturday last, having for its object an injunction to restrain the official manager from issuing any placards or advertise ments for the sale of the property of the bank, and from proceeding with any actions against creditors of the company. From the proceedings it appeared that the official manager had some 130 0001 on hand, and was prepared to pay a divi dend at once of 7s to 8s in the pound to creditors, who had proved under the bankruptcy to the extent of some £200,000 ; but it also appears that debts to the extent of some £550,000 had been proved in Chancery. The Vice-Chancellor said, he should decline making any order on the motion. But, inasmuch, as no unnecessary or improper expense ought to be incurred, he should direct the chief clerk not to sanction the commencement of a prosecution of actions, except in eases where he might deem it necessary for the interest of all parties that such actions should be brought. With - regard to the placard s and advertisements, he would direct the official manager, that no more ad vertiseeients be issued, until the further order of the court. By tills means the m a tt er wou ld rema i n as nearly as possible in statu quo unt il t h e court _ was enabled to g i ve judgment on the pending motions. The costs of this particular motion to be . reserved until after judgment upon the more im portant question. Our Continental news will be found at length in another column. From Paris there are contra. • dietory rumours with regard to the anticipated movements of the Emperor. Some state that he will positively co to Fontsinbleau this month. Others, that public affairs will prevent his Majesty. At the council of ministers held on Tuesday, at St. Cloud, some important explanations took place, which may effect the modification of the ministry, at least to a certnin extent. Several arrests had been made in Paris. It is announced that the comnlissioneas of the five great Powers are to set tle at Constantinople the question of the Principa lities and the Black Sea, Bolgrad, and the Isle of Serpents. It is stated that the Council of State has recently come to a resolution that in future no railway company shall be allowed to issue new ob ligations unless it is able to show that it has never hitherto made use of the money raised by obliga , tions in order to increase dividends. As very few companies would be in a condition to prove that they have been immaculate in this respect, the news has struck terror wherever it is known and believed, and there is little doubt that it has been the immediate causo of_ the,panic which prevailed in the railway market last week, and has assumed yet larger proportions. An opinion is prevalent in some financial circles that the government is, not unlikely to avail itself of the further depres• sion which railway shares are expected to suffer, to carry into execution the scheme which, not withstanding its rashness, has many ardent par tisans, of taking all the railways into the hands of the state. In this case the OE appropriation would be made at the Market price of the day of the transaction, and the shareholders would be paid in Rentes also at the current quotations. Accounts received at Marseilles from Constanti nople, state that Lord Stratford had installed the Sultan a Knight of the Garter, and made a speech. The ceremony.took place with as much magnificence as that observed in England at the installation of the Emperor Napoleon. The Sultan had given a sabre, ornamented with diamonds, to Lord Lyons as a testimony of his satisfaction. There is news from Circassia to the 23rd of October. Sefer Pacha was encamped at Sasdjok with 25,000 men. The forts and fortalices were I still in the hands of the mountaineers. The Belgian Legislative Chambers were opened at Brussels, on Tuesday, by the King in person. His speech, on the occasion, will he found in another column. It is said that the Government intends to introduce a measure of Customs reform of a free trade character. As in Prussia, arrange. ments for an adequate increase of the salary of subordinate officials in Belgium have been deemed necessary. We regret to state that accounts _have reached here of two vessels being on shore in the channel, viz., the Louisanna, for New Orleans, and the Silus Wright, for New York, the former on Little Burbo, and the latter on Great Burbo, below the Formby light-ship. It was reported at the Exchange-rooms, that the S. M. Fox, for New York, was also ashore, but later accounts state that she was at anchor outside in smooth water with steam-boat astern of her. Our. London advises of last night state, that it is generally understood that Attorney General Cockburn has accepted the Chief Justiceship of Common Pleas. A telegraphic despatch, received eatly this morning, announces that news has been received from Bombay to the 17th October. The prepara tions for the expedition against the Persian Gulph were advancing. It was believed that Herat had been taken. THE Liverpool Financial Reform Association Arne into the political world like a roaring lion. Its glaring, eyes fell upon those who finger the millions of taxation like myriads of noon-tide suns. Its tongue was as keen as the edge of a lancet when it reached the ears of a Chancellor of the Eichequer, and its claws as sharp and threatening as the quills of an indignant porcupine• A more perfect combination of parts for the work it was designed to take in hand could scarcely have been conceived. Our monster loving public examined and admired the young leviathan. Its body was found to be perfect, and its intellect far above mediocrity. The task it had undertaken was thought gigantic, and all classes of the community lent it a helping hand. A large subscription list was soon made up, and prosperity dawned on the infant Reformers. As far back as 1848 the Association commenced its labours, and its first great effort was directed to the exposure of the financial enormities of that comparatively economi cal and' remote time. In that year it issued its No. 1 Tract, declaring that " The embarrassed " position in which the nation has been placed, " through mismanagement in the financial depart " ments of the Government, is both the " cause and the justification of their labours." In proof of this mismanagement they refer to " the following plain facts and figures :—The " annual Governmental expenditure, in the time of peace, exclusive of interest on the "National Debt was, " During the reign of Geo. 1., about 2,583,0001. Geo. IL, 2,766,000. Geo. 111., (1792) 7,670,000. Geo. IV., (1828) 21,407,670. Wm IV., (1835) 16,884,649. Vie., (1848) 24,280,804." Those figures seem to have sat heavily on the mind of the Association. Matters certainly did look very black, and it would have been difficult to have found a gre iter grievance in those days. The habit of lavish and wasteful expenditure, which was formed during the French War, we are informed " had never been extinguished; but " during the reign of WILLTA3I IV., in consequence "of the strong and general expression of the " National desire for retrenchment, vigorous and " successful efforts to economise were made by " the Government. These efforts, however, " ceased when the national attention was directed " to other matters, and each year the expendi " ture steadily increased. The present Govern " went has arrived at an unparalleled height of " extravagance, the expenditure of 1848 exceeding " that [of 1835 by one-half. The revenue of the " United Kingdom for the present year [lB4B], is " estimated at the enormous sum of 51,250,0001. " And yet our spendthrift Governors " acknowledge that their expendi- " ture amounts to ......... 54,596,4521 " Leaving a deficiency of We have hero a sample of the. grievances which brought the Financial Reform Association into existence, and all will freely admit that they were quite enough to call forth the earnest attention of the nation's participes cararuna. No order of patriots or good men stood higher a few centuries back than the sharers of the popular cares, and great credit is due to the Liverpool Reform Association for the fortitude they have displayed through so many years of trials. They mist, in fact, rank in history next to the propugnatores imperil. Their past services have been recorded in two volumes, which will outlive the income and property tax, and the financial injustice to which trade and industry are now exposed. But what do they think of the estimated expen diture of the current financial year as compared with the economical 1835, and the prodigal 1848 ? We are no longer at war, and we may, therefore, speak out on these questions. There is no treason in asking the Government to protect the resources of the State to meet a rainy day. The public will, consequently, expect to hear something more from the Financial Reform Association than they have lately. They have done good service by ex• posing the disgraceful " Fiscal Doings of the " Session 1850." But how do they propose to bring their " facts and figures " before all classes of the community ? If they aro not prepared to renew their former agitation, with the flagrant abuses they have recorded in their re cently published tracts,we see little hope of redress at their hands. We have to make good 82, 000 , 00 0 1 . of taxation within the financial year, and it is high time to ask the country where is it to come from, and how long a lavi s h exp e ndit ur e will last ? We are now in the depths of a bullion pan ic, usury is swallowin g up the profits of trade, and threatens to starve labour. The whole sale markets, with some exceptions, are falling gradually, but retail prices are TIMES advancing, daily. The ,profits Of merchants are growing less, and the employers of labour must speedily give way under the pressure for money. We had fewer mouths to feed and more gold to pay 54,594,4521. of taxation in 1848 than we have to pay 82,174,9881. in 1856-7, A loan must be resorted to to carry us over this year of peace and extravag ance, and the effect the further absorption of the available means of trade will have on the material interests of the nation, may be clearly foreseen. The Financial Reform Association do not recog nise any of the well known relations which exist between taxation and Currency. They write and speak as though the • nation should get up hungry, and go to bed fasting. They pretend not to see that taxation cannot be dispensed with, and that taking 51),000,000/. a year from the money of trade and - commerce must lead to incalculable misery in some portion of our industrial system. On the ground they now occupy, they run the risk of having the extinguisher put on them, by a three line , paragraph in a newspaper announcing the ar rival of a few ounces of gold, and stating that " the " money market was easier this morning, with a less ,` demand for cash," and concluding with the suppo sititious intelligence, " Trade continues active ; prices steady." No national movement never stood on so narrow a basis. The money laws of aiState con_ stitute the very essence of its financial system. Peel's currency acts readjusted the whole of our national burdens, while they regulated both the quantity and quality of the money we were to be allowed to have to carry on our trade and industry. And yet the Financial Reformers say nothing whatever about the influence the sudden changes in our supply of money and the rates of discount must have in increasing or decreasing the pressure of taxation. Seasons of comparative prosperity or positive famine all are the same to them. The* feel for the artisan in full work as much as they do for the operative on half-time, or the poor labourer out of work. In a word, they seem to throw aside all economical abortions and social seourges that they may pursue a mixed political evil. This is not 'what they have led the country to expect. They exist merely to be smothered by the]] carefully concocted rodomontades of the city scribes of the London newspapers. As Financial Reformers they fall as Consols rise, and they dwindle down to the zero of panic when Exchequer bills touch 2s. 6d. premium. This is not precisely the sort of financial agitation we want in Liverpool where Monetary and fiscal questions are so well understood ; and we hope the Reform Association, with the abundant materials they have at command, will extend their views, and enlarge their field of usefulness, before those, who see further into finance than they have entered, take up the ground which has been so long left open to the Reformer. THE Merchant's and Tradesman's Mutual Life Assurance Company have drawn a reply from their late Medical Officer, Mr. JAMES MILLER SHAIN, to the serious aspersions cast upon his character at the late trial, in which the representative of Mr. THOMAS LAURIE was the plaintiff, and Merchant's Company the defendants. Mr. SHAIN confines his defence to , a moderate sized pamphlet, which he describes as " a plain and unvarnished statement "of facts." They appear to be briefly these :—Mr. Snlnt's connection with the office in question commenced about tivo years before the Company disputed the insurance on Mr. THOMAS LAURIE'S life, and during that short time this medical examiner passed a large number of lives, and, " strange to say," as Mr. SHAIN observes, "Mr. " THOMAS LAURIE, whose life has been disputed, "was examined twice 'by me, and for two separate offices—the Industrial and General Life Assur. " ance Company, and the Merchant's and Trades " man's Mutual Life Assurance Society. My first " medical report was addressed to the former of " these institutions,-and, as I intend to make this " a broad statement of facts, I here beg to lay the " report itself before the public." Our author fulfils this promise by publishing the proposal as filed up by th) insured, the agent's report, and the agent's and medical officer's confidential statements and opinions, and in these latter documents we find the agent makes this very distinct and matter of fact declaration, " I believe " Mr. Laurie had a brother a n d sister WHO DIED o f " CONSUMPTION, but I hope this will mako no " difference in the premiu m, as Mr. LA URIE seems "a first class life." This re p ort did, however, make a difference in the premium demanded; but not before the Industrial Office had asked for a more minute examination and report of the insured's life. This request was complied with, and the facts brought to light on this second investigation shoull be borne in mind by the reader. In answer to the questions put to the insured as to whether his brothers and sisters have been in good health ? How many are now living, and at what ages ? If any died, at what age ? And of what disease did they respectively die? The proposer answered—" Six alive, three dead, and " two of these deaths from disease of the chest." These admissions were accompanied by a second medical report, in which Mr. SHAIN states " There " is no doubt but some members of the proposer's "family died from Phthysis." The Directors, on hearing this, demanded an additional premium equal to twelve years added to the age of the insurer, to cover the risk disclosed. But Mr. LAURIE refused to comply with their terms, and Mr. SHAIN subsequently took the life to the Merchant's and Tradesman's Mutual Life Assur ance Office. lip to this period the reader will observe that there was no attempt at deception on the part of the proposer or those officers who had to examine and report on his life, and the health of his family. All was candid and above board. The Merchant's and Tradesman's Office had the power of referring to the agent of the Industrial and General Office. Whether they did so or not, matters but very little to the insured public. Suffice it to say, they received a proposal from Mr. LAURIE and accepted his life. The proposal, agents report, and medical opinions being, if anything, more explicit than those sent . to the Industrial and General Office. In the proposal submitted to the Liverpool Agent of the Company, Mr. ROBERT WEBSTER, the insured stated, in answer to the questions respecting the number of his brothers and sisters dead, and those living, the proposer says he has living " Two brothers and three " sisters (and in good health), fl'orn seventeen to t r h ona irty a . brothers n T a w e 'o cident, at and ,o ne sister dead; o ne ‘f "diseases of the chest, twenty-five and twenty-sev en ?' Mr. SHAIN, in reply to the qu er y , " have an y part "of his family ever steered from heredit ary " disease?" makes the ordina r y statement, '' not to " my knowledge." Now the Company's Agent comes prominently forward. He had to make hi s g eneral a nd private report. He had interlined the p ro p os al "at the " request of the insured," w ith the words, " and in " good health." But this was not enough. The medical officer's report was not quite the thing, as will be seen by the subjoined letter, addressed 'lr L ' ll !TA. 'LIVERPOOL, TTTURSDAY. by the agent, Mr. ROBERT WEBSTER, to the medical examiner, Mr. SBAIN MERCHANT'S AND TRADESMAN'S MUTUAL LITE ASSifRANCE OFFICE. 21, ScNith Castle-street, Liverpool, August 14,1854. My Dear Sir,—Let me have the enclosed early on Thurs 'ay. Mr. Laurie is a remarkably healthy-looking man, and there is no more Consumption about him than me; bat, from the fact of two brothers dying or . chest disease, the directors in London bogie at it. I enclose you the proposal with my report, and will thank you to make your report a little stronger ; which you can conscientiously do by adding that " I do," as a very good life, all his organs and constitution being perfectly sound, or words to that effect.—Ever yours sincerely, ROBERT WEBSTER. Dr, Shain, 4, Monument-place. This was certainly a very good way of overcom ing the diffitiulties Mr. WEBSTER anticipated from a " bogling" board ne direetors i ' btit we can scarcely believe that a jury of twelVCrosonable men would have read such-an epistle without giving utterance to some slight surprise at its Contents. MT. WEBSTER admitted that he had interlined the proposal, " at the request of the " Insured," with the words which, in the opinion of his directors, constituted "a gross fraud," and vitiated the claim of Mr.' LAURIE'S representative ; but there was no weight given on iho trial to the fact that Mr. WEBSTER had endeavoured, though in vain, to get the Company's medical officer to make his report " a little stronger." There was no evidence produced to support Mr. WEBSTER'S allegatioa, that he had interlined Mr.' LAURIE'S' proposal in his, Mr. WEBSTER'S, own - handwriting, "at the request of the insured." The words introduced into the proposal in the Agent's hand writing made that document " a little stronger," and with Mr. WEBSTER'S letter to Mr. SHAIN of record, the public will scarcely know what to think. Mr. SHAIN alludes to this part of the transaction with some warmth :—" Now, the " author of this letter—an insurance agent, who " represents a public company—asks me, as a " medical man, to make my report a little "'stronger.' If I had complied with this novel " behest, the reader can easily understand what a very useful and valuable medical officer I should " have been to Mr. ROBERT WEBSTER, if not to the " Merchant's and Tradesman's Mutual Life As-. surance Office. But I did not make my report " a little stronger.' I knew nothing whatever of " Mr. THOMAS LAURIE or his family until I went to " examine him at the desire of the agent for the .4 Industrial and General Insurance Company— `' Mr. THOMAS PATERSON. For this Society I have " examined nearly 1,000 lives, and I never had to " make my reports a little stronger for their " business-like office ; for their agent took care to enquire fully into the lives before the proposals " were accepted, and they have never been known "to dispute a policy after death." The assurance public will participate /largely in the indignation expressed by Mr. SHAIN at such a novel sug• gestion, and indorse freely the principle that were lives duly enquired into before proposals are accepted, no policy should be suffered to be disputed after death. Mr. SHAIN enters further, however, into this branch of the subject, and shows the danger to the insured from disputable. policies :—" The " Merchant's and Tradesman's Company never, I " reiterate, questioned the life of the insured ; " and why should they have jbeen suffered to " defeat the claims of his representatives, because " a member of the iniured's family was ill, when " their agent wrote all in good health ?' Mr. " LAURIE did not insure the lives of his family, " The Company were satisfied with the proposer's " life, for they have never once raised an objection " to it, and I think every dispassionate reader of " these pages will say the money secured on Mr " LAURIE'S life ought to have been paid. Of " Mr. ROBERT WEBSTER I would merely say— " That paltry patcher is a bold translator, Whose awl bores at the words, but not the matter." " After having said so much in favour of Mr. " LAtiam's_life, he could not attack the policy on " the ground of deception with respect to the " insured. He must needs employ his own words, " introduced into the pr . oposal in his own hand "writing, respecting the proposer's family." We regret the author's modesty has deprived Mr. WEB sTER of the benefit of the whole of the verse from which he has borrowed his quotation ; but we will supply it : Pessimns est cerdo, qni transtulit ordine calvo, Non res sed voces percutiendo leves, Mt hic translator corii peramabilis actor, Qaiythmo pollens sit rationesatur." We never knew a man who could make a more legitimate use of his awl and leather in stitching rhyme and reason together, such as they are in this case. But what is to become of the life insur ance policy holders of the United Kingdom if it should be found . out, after the death of the insured, that the proposals or contracts on which they are relying have been interlined at the request of the proposers when alive ? and that the medica reports which accompany_these proposals have been made " a little stronger" at the request of very zealous insurance agents? Had Mr. SHAIN yielded to the request of Mr. ROBERT WEBSTER, no amount of public execration would have been too great for him. As a Juan of honour, Mr. SHAIN resisted that request; _and he is, therefore, entitled to all praise. The Merchants' and Trades man's Company are, no doubt, perfectly satisfied with the part Mr. WEBSTER has played, and believe that all he alleges is quite true. The Liverpool public will also read Mr. SHAIN'S pamphlet, and form an equally conclusive opinion from the facts it reveals, with regard to the propriety of insuring in those offices whose policies, when. once issued, are placed beyond the reach of costly litigation by being indisputable. We want no more glaring and convincing proof that the principle of a disputabi lity is the only one by which both the insurer and insured can be secured than the matters of fact disclosed by Mr. SHAIN in the case of LAURIE versus the Merchant's and Tradesman's Mutual Life Assurance Company. MONETARY AND COMMERCIAL, LIVERPOOL, WEDNESDAY EVENING. The sales of cotton to-day were 6,000 bales, 500 being for export. There was no change in prices, and the market closed firmly at previous quota fions. The Liverpool share market opened with a very firm feeling to day, afterwards advanced, hut towards the afternoon there was a slight reaction, the market closing quiet at the following quotations :-- Aberdeen, 121 122. Chester and• Birkenhead, 151 16. Caledonian, 28* 281. Chester and Holy head, 171 18k. Eastern Counties, S 15-16 9. East Lancashire, 208204. Great Northern, 237,- 238. Ditto A Shares, 10 101.: Great Western, 64 641. Lancashire and Yorkshire Stock, 931 931 Liverpool, Crosby, and Sb u thport, 18 181. London and North "Western Stdck, - 1021 1021: Manchester,: Sheffield, and Lincoln, 331 331, Midland Stock; 781 781. North British, 91 91, North Staf'f'ordshire, 51 591. South Eastern, 20 9-16 20 11-16, York, Newcastle, and Berwick, 20 201. York and North Midland , 28 * 291. Leeds Capital Stock, 171 18.-1. Buffalo and Lake Huron, -a.Bp. Dutch Rhenish, - 4 -hp. Great Western of Canada, 24 241. Ditto; New Shares, 2 21p. Great Luxembourg, 111, ild The following were the "continuations" paid :—. Caledonian, 2s. 9d. ; Eastern Counties,- ls• Od. ; Lancashire and Yorkshire Stock, 1 ; London and North Western Stock, 7.16, 1, 7-16 8 ; Manchester, Sheffield, and Lincoln, is 64.1, 2s, b,.Midland Stock, 5- 1 6, w ; South Eastern, 2s 9d, 3s ; York, Newcastle, and Berwick, 2s. Dutch Rhenish, 1-16 ; Great Western of Canada, 2.5; Ditto New Shares, Ild. There was no important change in the Money Market to-day. in Lombard street, the quotations are stiff, .and the same difficulty continues to be experienced in obtaining cash. It is, however, very satisfactory, that the demand is steady, and not characterised by sudden contraction or relaxa tion. Commercial men, manufacturers, and the trading community generally, are believed to be acting cautiously, but complaints are increasing of the dulness of business and diminished profits which are caused by the high rates current for dis count accommodation. There - is no - speculative demand of any consequence, - for Consols. The Market was rather weak to-day, and the quotations , show a , slight decline from those current in the earlier part of the day. For money the opening price was 921, advanced to and declined afterwards, closing at 921 to y. For the account the•opening price was 94 then 3, and closed at 928 4 Exchequer bills were current at 3 dis. to 2 prem., a slightly better price than that of yesterday. The dealings in the Three and a Quarter per Cents were made at 91* f, and closed at 91* to 1. The London Share Market was dull, and prices have given way, closing steady at the following quotatations :—Caledonian, 561 7; Edinburgh and Glasgow, 54 56; Eastern Counties, 91 e ; East Lan cashire, 821 31; Great Northern, 92* 11: ditto A, 81 83 ; Great Western, 641, 4; Lancashire and Yorkshire, 93 931 ; Leeds Northern, 171 181; L9ll - and North Western, 1021 1; London and South Western, 104 1041; Manchester, Sheffield, and. Lincoln, 331 34; Midland Stock, 78;-2; North British, 301 ; South Eastern and Dover, 69 1; York Newcastle, and Berwick; 801 11; York and North Midland, 58 59. • • - It is stated in some of the most recent private letters from Paris that the interest taken by the Meisrs. Pereire in the great Russian railway project is a personal one, and that the Credit Mobilier Society is not directly, involved in the undertaking. If this be so,. however, most persons will regard the arrangement as little more than a blind, inasmuch as the Messrs. Pereire are the principal managers of the society, and, as a matter of course, exercise great control over the employ ment-of its funds. - It seems to be admitted on all hands that this leviathan scheme must be ad journed until the existing derangement of the money market shall have passed away. The letters by the Brazilian Mail were delivered this morning. From Pernambuco, to the 20th Oct , we learn that subsequent to the arrival of the boat from Europe on the lat, prices advanced 100 to 150 per arroba, which rates were still maintained ; the receipts within thirty days had been 3,301 bags. The stocks on hand on the 18th October this year was 5,607 bags, against 4,739 bags in 1855, 2,414 bags in 1851, 6,738 bags in 1853, and 6,602 bags in 1852, being about 1,000 bags lower this year than in the years 1852 and 1853. Owing to the disparity Of prices between Pernambuco and the outports, the arrivals were becoming much heavier, the dif ference being in favour of Pernambuco rates, nine to ten per cent. Sales of Paraiba Cotton, to the extent of 5,000 bags, had been made during the month at 65400 to 68550 for cash and credit, and of Maccio 2,-000 bags at 66050 to 68100 per arroba, and all free on board. The arrivals of Sugar were on the increase, and prices of browns had dropped from 28750 to 28580 and 28600 Whites had maintained themselves, and almost all that arrived was being purchased by refiners, at from 48200 to ssooo per-arroba to the matutos. There had been a fair business done in Exchange, fully 75,0001. to 80,0001. at 271 to.27id. Bank rates of discount were 7 to 8 - per cent., according to date of bills. At Rio Janeiro discounts were freely obtained early in September, at 8 to 81 More enquiry prevailed after the • 20th, when 81 to 9 per cent; were the general quotations. The transactions in Exchange amounted to 700,0001., at unaltered rates—viz., 27g. An auction of the foreign redeemable debt of Spain is to take place at Madrid on tha 29th inst , for which purpose 374,000 reales have been assigned by the government Tenders are to be received in London until the 20th. The half-yearly dividend will be deducted from the current quotation of the Three per Cent. Rentes in Paris on the 7th December. The 40,2001. in bar gold, brought by the steamer Ericsson from New York, was in hand yesterday, and was all purchased for exportation to the Continent. In consequence of the recent sup plies, we do not hear of any withdrawls of gold from the Bank yesterday. The Tyne has taken out 76,8741. in specie, nearly all in gold. Of this remittance 13,721/. was for Buenos Ayres, 23,7631. for Monte Video, and 36,9401. for Rio Janeiro. This vessel has also taken out 20,0001. in French, and 11,3001.• in English jewellery. The sum brought in by the Avon, from the Brazils, is only one or two thousand pounds. Telegraphic advices from St. Petersburg, state that the frost continues, There is,- consequently, reason to apprehend that there will be a number of ships frozen in, And some amount of produce de tained. The price of tallow, however, has not experienced any further advance. It is said that the Riga Railway Company have been offered a concession upon less inadequate terms than those accepted for the general group by the Credit Mobilier. Instead of 6 per cent. being granted, however, as was originally promulgated, it is thought that the limit, exAusive of sinking fund. will not much exceed prospect which would render the fleating of the shares doubtful. Possibly further negotiations may take place to obtain a different result. . , The continental advices describe a slight dimi nution of pressure in several of the money markets, but no improvement in the value of securities, which, owing to the action of the banks in calling in their loans, continue generally to be pressed for sale. It is stated that the directors of the Royal British Bank, after full delibertion, have resolved not to Appeal against the decieion of the Commissioners in Bankruptcy confirming their adjudication. We learn, says the Zeit of Berlin, that Prince Frederick William of Prussia, will make a short stay in Paris on his retarn from England. 'A letter from Berlin of the 7th says :—aThe royal shoot ing parties at Letzlingen are over, and the court has this day returned to Sans Souci. The sport has been very brilliant. On the first day 3 stags, 212 deer, and 44 wild boars were killed. In addition to the princes of the royal family, the Duke of Mecklenburg *Schweren, the Puke of Bruns sick, Prince Augustus of Wurtemberg, Prince William of Hesse, the Princes Radziwill, and other distinguished personages were present. Daring the King's absence, the Queen has ,gone to :Dresden. to congratulate person. ally the Archduke and Archduchess Charles Louis on their marriage." A course of lectures is being preached in SE Martin's Church, on Sunday evening, which we believe is intended as a reply to the late work on " Inspiration," by the Rev. Mr. Macnaught. THE COT T. WINDSOR, Nov. 11 —The Queen, with the Princesses Helena and Louise and Prince Arthur, walked in the Castle gardens this morning. The Ductless of Kent visited her Majesty. Princess Alice took a carriage drive. PRINCE ALFRED AT COBLENTZ.—His Royal Highness, attended by Sir Frederick Stovin, arrived at Coblentz on Saturday evening,"at six o'clock. The Prince dined at the Giant Hotel, and afterwards proceeded to the palace to tea, where the Prince and Princess of Prussia had arrived to receive him. On Sunday morning his Royal Highness accompanied the Princess of Prussia to the English Church service, which is held in the lit le chapel which has been fitted LID in the Palace by her Royal Highness, for the exclusive use of the English residents. The Rev. S. Tucker, the recently appointed chaplain, officiated. The royal party afterwards drove out to Stolzenfels. Mr. Bright, M.P., has left home for the Continent. It is - probable that he will be abssnt for several months, and that, after paying a short visit to Algeria, he will spend the winter in Italy. The Grand Duchess Helen of Russia arrived on the 61h at Augsburg, in Bavaria, where her imperial highness was received by the minister of Russia, M. de Severiu, and her sister-in law, the Princess Frederick of Wartemberg. two Princesses were to pass the night in the town. -"‘-s-r-r T - T r i 'cr e - i r FOREIGN INTELLIGENCE. FRANCE. (FROM OUR OWN CORRESPONDENT) PARIS, MONDAY EVENING. Tass els. The .Nord, the Russian organ of B announces, on authority of a telegraphic despatcl! from London, that the English Government hea sent passports to Prince Carini, the N Ambassador, thus taking the initiative in brealci D g a tale' off relations. But if this had been . true graphic despatch from London would, no doub t ! have informed us of it at the sometime aS thf Nord- True or not, it is certain that the Freneor Cabinet has not dismissed the Neapolitan Minitite.o here, neither has he left Paris even to act Brussels.' . • eti The Government, I am informed, has reeell. t accounts from Naples. They represent eapolitao perfect tranquillity prevailed, and th at the P-11301 had begun to relax somewhat of his systerood or rigour, especially in Sicily. He had even de=ed that a Certain degree of liberty should be the press at Palermo. • las t The Emperor, on his return from St. Gic ti(- evening, had a very long conference with o° L t l ii , Walewski, Minister of Foreign Affairs ; ba t nature of it is not known. Yesterday, as I told you - some days ba the named for the reception of Count Ikesseleffbwrieor Emperor, to present his crea.entials th e w: at to the b ° e, it Russian Ambassador; but, owing which his Majesty arrived fro/x. ComPiegligst it could not take place. It was .expeet,d,int e s° : would take place to-day, but it has 3a 6 ' `,, n r 0 0 ' and no day is yet fixed for it. It is, holve:' - likely'that it will belong delayed. „ at No accounts of the late change of nit ever! Constantino le have yet been received , ouV I the t government ; but the latter expec`'„O: the h o -morrow. In the meantime it encoureWv-A, out hoe that the cabinet formed by Resebid;;;.ed• will net be so anti-French as it had at first,i-, afl - It has been reported, in some of the Belgl v al , e oetil German papers„ - that M. de Thouvenel, th°',oad; Ambassador at Constantinople, is to be r ee ,"„t n e but I am informed, on good authority, tw-beea desire of recalling him exists, or has ev el. o f entertained. , fa. Letters from St. Petlaisburg confirm tu e a l erts there being large bodies of troops in the Eti e tte provinces of the empire. They are kept,. t ' A dstri li a counter-demonstration to the I.;Yesence or Ph The Pacha of Egypt has gone on an c I d IP in the Danubian Principalities. 0006,1110 the interior of his estates, and has col' government to a regency: no tbi l , Another very heavy fall has. taken plac e lc a; Bourse to day. They have fallen 36c. ; P a '"00 0 France shares, 60f.; Credit Mobiliers, 76f) feo the different lines of railway from 15f. to 6°1;044 the reasons explained in yesterday 'sletter,r are expected to decline still further. • 0 8 4 M. Lejolivel, the news agent, who some til..tae was condemned to imprisonment for having „: " g iae _a compositor of the imperial printing office h_copy of' the treaty of peace 0 1 I May. at liberty before it was published, has been sat „,, vivol'l d t t o PARIS, TvEsr A l ord, ill l a i The Russian organ of Brussels, h e ;I: has b e .d ." ‘ l number received to-day, Says that ", t ,„o3oltifP't definitively settled that no Congress en ""led, pt and Isle of Serpents question shall be e . ft i nersL that it shall be Settled by the Corrin i t t fttie, , i l.- t i Constantinople, and .that, in the 11 10 t - 5ea,,7, 1 0 English fleet is to remain in the Vac”' I' JP .- the Austrian forces in the Principalities. tb is il enquired, in an official quarter, whetliern,,:efpot portant statement be true or not, and aul e- . 11 1),'w that it is erroneous. No decision on, the " 0 has yet been come to. , r to t General Changarnier has written a letter te ns Nord to say that there is no truth in a sta g ooll' of that journal, to 'the effect that he lla u ,„ s sac l°r feren.ce with Lord Normanby, when alringlis' here, of a character which showed that the 1- ', lO . V" Government entertained designs not dissial: le a La those which the tall Emperor Nicholas reve WO Sir H. Seymour. h re e n w ew c i o n m g, m fo e i; c a ia n l otle i r d feta ) ,a 0 It is reported that the government con- - to si- - a sil amount of capital. 1 , 0 , 13 01. 0 # There has been an 'improvement 011 t he sh o 4 to-day. In the Threes it is of 30e, and MI; undertakings P intoth ,of. A quiring. of the different railways of from la. *ll f el l has been caused chiefly by the news tha t a t a re a irfehibition 0 Jo g. , of a rupture of the alliance with Ecar lll „,,`„ s 6ed °l ..,; an end, M. do Persigny, the French n thall l ",; - °. former . Notmu cii footing. i having succeeded in placing matters - i . fiet ttie ' 1 16 ssaid just now-about a o e ,`„ e rs, i 80 in the, ministry, b u t i n we wi n f n med e' l9- ig' 0 tha t . in , ~ still considered not at all unlikely Walewski, the F . • - resit , Ow oteign Minister, 1119 Y tha t al I way„ perhaps, be worth mentioning, - 1 , 6 , 10 3 r i personage, though, in the opinion'of al l sv t be ~/ . e c t him, of very small ability - indeed, fiche, in P- Ift; highest confidence in his own talent; '-`eday. is thinks himself the first diplomatic of th e et tea t ii is greatly ridiculed in political circles; sligijart those of the government, and is bli- u d e Pt - 0 esteemed even by the officials of his c w inwcf" ment. He bears the nickname of '' th e - ce Let Man." , the fe O r The Marseilles telegraph announces Th e 1 1; e 0 of Constantinople news to the 3 rd•,,.,;10 61 ; e0 ., nation of Reschid Pacha to the minis‘g f atfe ) (le ) received with great pleasure. Lord P t.. - be, ‘ i e Redcliffe had presented the Sultan wi i _ w d . nia"ilia, of the Garter with great pomp, and Jl i from L oa speech. Admiral Lyons had receiv e :, 0 0 Sultan a sword ornamented with di s '" )9 n et Sir IL Bulwer the Order of Medjidie,„oo%oo - St. Petersburg letter, in our P. es: r eli, protests once- . again, in the 1 11 ? s ' El iac a - 1)11 terms, that the Russian Cabinet ! s „,pres v- TIO desirous of peace, and is 11% ,,. - 01. , n ad a shocked at being suspected of the CO 11 ,4" 0 0 : 74 t ° , Cabinet also thinks, we are told, that o ntr o e an immense concession to Europe, in e i ngil l ' l d rest submit the points in dispute, about ',"". 001374 it the Isle of Serpents, to the decision c''' a -- „, 0 a M. de Moray, it is added, is Cen -13 o' B s:ncerity._ . _ . re ce Asi . has • t P.S.—I hear that the Government has larileek news of disturbanceS having taken P cco ver,,, ° ,o o , Minor, in consequence of the Turkis h „ e rn",' eta having carried into effect the law arcedJ.- to 13 7„, Also, that the - English engineers, chtAlePl3 the Euphrates railway, .have arrived 3' 1 4 • 4 OPENING OF THE 06 %. 6 1 1 :' 0/14P LEGISLATIVE CatB.3:LA' ii• / 4059. 0 ,01 11 The session of the Belgian v f,S, AO pal .a o t was opened to-day by the followieb° Gentlemen,--1191 0 .0 the 00 5 , the. King : ii,ULeSgSisvii6--atirsolreeou ~.. „ A in 1 nei me of you, to address to the nation the OP - e 'sse u l e fe tl y - t0 longed to find myself sw-ressieroott.oli, h e av br b il e li e a n u n t frtoei.s(tiiemdomnieesoonf t a h ff e e o ct e i g i ,..,, ,rs i . o l3 : iotie r il l; feelings whichtihrrs ofehapiness which have been bon o ci f t the anniversary of the inauguration of mY r , re ,h'', l3 Pl t c °loll Those manifestations, arising out er '-` - c ,. o itle - ,. 5 0 3at'; tiative of 'the Chambers, - be - est` •ne" . l' will not to ow" t'' re'ri.jef e country.. They will raise it higher in „f tlie„ - ° and will obtain honour for it in the eYe' 4 ,, - fiden' - i-r. lif Our international relations feel its "' bqoeweoers 0 have they been marked by a more kindir , c Of a t g o a fc,, re ci' Providence, in granting us the bless^%riti nv °ITO abundant harvest, has brought back B'i.9 I•o 3 'i'es9 , of SUfrew-rieertilettpl ° number of families, who have been nd privations durinc , late Years. '-' to ()cc" e 6 ace'bli p roblemp of public food "mnst -continue o warmest •attention. , bee n 1 3 , 1 „ 1 0.01 The triennial reports which have Ju st be the ' jat e . l lo: prove the solicitude of my Government. n . Al. A P.O mint of primary and secondary instructr_ 600 o ..ao ni t o f no less great if felt by it for the. diisetto7. t he acr o itf e ve rior system of instruction. ThviePeninVe opP°l'd si,tpe year has furnished it recently with t 4cro an tv ot the lio t reverting to those principles , :prOsP eri application of which must ensure th 1 05 t i l e Universities of the State. liternWo wir °Ol t The -movement .of our ' national ,_ e ti evi 10 lessened. The arts and sciences 5 1.1, " . clal r st Ott , 6 same splendour, and are extending e very • agr ic 01A useful applications. ..„ o ur _ _ v e 9 . 4 0 Much progress can be yet realised ~ ..7 ray G-0 . , re industry. With a view of assisting.- t_t isia tiota w _ ile a e 11 '0 0 will propose to you the revision of our le6 a t il ite.a6 to water courses. s ary t ° ,!' c oad el9 and elegance of its forms. It is nere s- r ty 0. - DO ,- proP e Or 4 legal guarantees in favour of the 0 the settle,e Industry borrows more than ever? 61)11 ' - .0 0 '- the de, igns of manufacture. ntrY i 5 ° bas The commercial situation of the con .alon froil?if o f the basis of our commercial i-egirle• v ision e f t 0 111 satisfactory. A law voted in the in st 5 1 c 'exP ee b t e ts r . j r of wisdom of the Chambers that the re d in that our Customs' duties will be continue Ql, tt • .. N 9 4