Northern Times. — Liverpool, Merseyside, England, 1857-10-21 00:00:00

SMITHSONIAN HOTEL, BROLOWAY, COMET of HoUKTOX-sTalliT, New Yo s K. Named In honour of the SMITHSONIAN INSTITUTION, Established at WASHINGTON, by the U. S. CONGZESS, With Fnads bequeathed by JAMES SMITHSON, of ENOLANZ, illaviag the Friendship of the Opslcass of the NATIONAL INSTITUTION ,Is conducted on the System of Hotels in E - NaLaan. CHAS. H. SHIT H. da nnierzfat ivaitti..—Ebt3 . Dan. At twelve o'clock, at the broker's office, 1, Oldhall-street, 1000 brls Rosin.—How and Barclay. At twelve o'clock, at the brokers' office, 18, Hackin's-key, 150 brls Rosin.—Sill and Reagens, At one o'clock, at the brokers' office, 17, Exchange-bnilolings, 9 bales Cotton, end a quantity of Pickings.—Dnekworth and Rath -bone. At twelve o'clock, e the brckerl' office, 2, Da'e-street, a quantity of Myrabolaras, S4ltpetre, &c.—Browne, Hunter and Co. I E2" For particulars see advertisement•. AMUSEAENTS, PITI3LfC MEErIN(I,3, TII IS PAY. TQSATYI RoYIL —Oporatic Performances-7 p.m.. ROYAL AsiPIIITITEATEE—Operatic Performances-7 BENGT:EWE CIRQUE VAAL STE, Dale-street-7 p.m. TaxEM! %ON'S irALL, Lime-street-7 p.m. LITESPOOL Acaossit's EXHISIT lON, Postoffice-place. ALLsop's Waxwoax Eitnierrtom —lO a.m. to 10 p.m. RLAYrow HALL, Clayton-square—Gordon Cumming-8 p.m. Et.OTAL COLOSSEUM—GeneraI Entertainment—.s.Bo p.m. tgr For particulars see !advertisements. WANTED, COPIES of the " NOItTILERN DAILY TIMES" of the followirg dates :—April 10th and -4th.—Apply at the Northers axles c Mee. 1- , T 4 • ," 9t?4,a ttsitio • TVEDNESDAY, OCTOBER:.2I,I-6,57, THE DAY'S NEWS: -In the absence of any more exciting topics, the -state of India, and the condition of monetary .affairs, continue to absorb all attention of our - leading politicians, and commercial circles generally. Respecting the former, public opinion is, that the last news is most favourable, end hopes . are indulged in that we shall from this time hear of nothing but victories of the .British troops. 'Delhi, it is thought, will fall before Christmas, nay, there are some so sanguine as to say that we shall have the intelligence of the capitulation of that city, before the new year. Mr. J. P. Willoughby, M. 1 3., for Leominster, and one of the directors of the East India Company, has been speechifying. on the state of India. He concludes in the following strain : " What we have now to look for is the punishment of those who have so grossly betrayed their trust ; the liberal reward of those who have befriended our countrymen and countrywomen in their dis tresses. We shall have to re-organise our military force, which, no doubt, must in the . main be de pendent upon European arms, assisted by native troops, for it will be impossible to perform all the duties by Europeans. By a judicious mixture of the two, such a force may be maintained as will prevent, for the future, the danger from which, he hoped, we had now almost escaped. In the neat session of Parliament the subje.ct.will, doubtless, be amply and fully discussed. and he hoped the great Conservative party will approach the subject —than. which none can be of more interest both to England and India—in a calm and dis passionate-epirit, determined to do. only what is best for India, and to avenge without destroying: That is the principle we have ac:ed.upon, and will act upon. •He was not prepared to defend the system by „which India is at present governed. The East. India Company may have committed sins of omission and commission, but, taken as a whole, their rule has been beneficent andlsaa done great good to India. Whether any other system of g_overnment may be devised which .would be anore ueneaciai tie - come not say, DUL it, certainly ' , would not anewer to place the ~ whele of that vast empire under a Secretary of State, assisted by „resident official-3." The Tines :nays that it is satisfactory to reflect that the .convulsions of -the criS s have been confined :to India. No asommotion bas.cccurred either in Affghanietan or Burtnah ; the. Chinese question has been ,eus pended without apparent prejudice to our position or our claims, and the actual evacuation. of Herat, according to the 'terms of tho treaty ; has testified 'to the good faith .and quiescence of .the Persian Government. Oar own colonies in other regions have, indeed, vibrated with the shock, but only, we are rejoiced to, say, after the same :fashion in which we have been affected ourselves. ,Not even in London or Edinburgh, or Manchester, or any, other great centre of British opinion, has more -indignation been felt -or more energy aroused than in those colonial establishments which lie between England and her Eastern Empire. The Gavernors of these . settlements have risen promptly to the level of the emergencies before them, and have despatshed succours in every form with a gene rosity andezeal deserving the approbation of all.' The private letters received from America are of a most ,alarming character. The complete pros tration of the manufacturing trade, has thrown a great many operatives out of employ. Already. the ciy comes from New England that they are; in want of bread. The retention of crops at the west kept provisions high, and as less than two months of lake navigation remained, the whole of the Northern-States would be dependent upon the railways alone for their stiaplies. One of the most remarkable features of the monetary excite ment in America is, that great public meetings are held to discus - the difficulties of .the position, and at these, as may be supposed, all 4:inds of theories respecting the currency question are introduced. At the Boston meeting, the Hon. Ateass. Walker, a gentleman well known in England, ventured to place himself in opposition to a storm of democratic voices raised in favour of cash payments by the Bank. One of the crowd exclaimed that the crisis was past. "The crisis past r rejoined Mr. Walker, my dear boy, this head is somewhat gray, and, believe me, the crisis ban not begun; ney, it will take six months before it is begun, and there will be ruin upon ruin everywhere" It is to be hoped Mr. Amasa Walker is a panicmonger and not a prophet. It is hardly to be .expected that the financial crisis which has involved the United States will pass over without any of its evil effects falling upon Canada " Happily," writes the editor of a Montreal paper, " the sound „common sense and :the cool practical ability of the mercantile commu nity of Lower Canada has placed this section of the X'rovinae in a position to look .upon the storm . around us with ccmparatively little anxiety. We . lave few sp. dulators among us, capital has not been . locked up in unremunerative investments, importa tions have been moderate, and credit has been dealt out carefully. Six months ago cur merchants and bankers eaw that there was trouble ahead, and prepared to meet it; the fruit of that caution wa now enjoy in the comparative ease of the money market, the undisturbed cone fence, and the fact that no .failure of consequence has taken place, and that none is imminent. Undoubtedly we shall have failures, such occur at all seasons., and houses long ago rotten will avail themselves of the eclat of a fiaan cial panic to resolve themselves into dust. Such occurrences, then, if they arrive, need occasion no alarm. We are told, and we are glad to hear it, that the Banks are determined to give every facility to legit m ite Lu tiness in their power, while exercising all caution to check speculations which would tend to withdraw specie, contract the circulation, and engage Canadian funds in foreign operations. Our prosperity depends on their management and the cc-operation cf merchants and capitalists with them. Men who, for the mere sake of profit, occa sion a drain of specie for foreign operations involv ing the delay of any considerable length of time for realiz ttion may do the money market and the whole country immense injury. A few weeks hence the 4.4mg.er will be past; the present low rate of Ex- THE NORTHERN TIMES.-LIVERPOOL, WEDNESDAY, OCTOBER 21, 1857 change has already checked the shipment of specie, and will at last produce an importation." At the Police Court, yesterday, one or two cases of public interest came before the magistrates. Mr. John De , Gosta, an American sailors shipping master, was summoned for defrauding. a person named Connor. This man and a comrade had paid to the 'Clerkof De Costa, the sum of £l5 or £2O as passage money to Australia. Thelfwere to go out as passengers stewards. When they went on board the vessel they were treated as sailors, and Connor afterwards remonstrated with Da Costa, who said ho would make it all right. He, how ever, did not make it all right, and Connor left the ship, but on application to De Costa for the money which he had paid him, he was treated with contempt. Lieut. Boucher, emigration agent at this port, took the matter up, and the result was, that De Costa was fined £25 and •costs for this disgraceful transaction. A very serious charge' was made against the day and night watchmen of the public offices, ''Cornwallis street. For some time past money has been missed out of the drawer of Mr. Crosby, one of the clerks, and the deficiencies at length became . so serious that that gentleman consulted Mr . Clough on the matter. Mr. Clough marked a quantity of notes, and' gold, silver and copper coin, these were placed in the drawer on .Saturday evoning, On Monday it was found that the drawer had been forced open, and three sovereigns, and a quantity of silver and copper ware missing. A portion of the marked money was found on one of the prisoners, and some on the wife of the other. The watchmen were the only persons who had access to the drawers; they were committed 'for trial. The meeting of the Select Vestry yesterday was of an unimportant character; a full report of the procaedings will be formed in another column. The Liverpool Quarter Sessions were opened yesterday, by Reorder Gilbert Henderson, Esq That gentleman in his charge to the grand jury, deplored the number of prisoners that were to be tried, approaching 200—but he was glad t•) say many of them were for trifling offenecs. He alluded at some length to the licensing system, and eulogised the magistrates for their recent determination • not to increase the number of public houses except in very rare cases. A boiler explosion occurred in the Regent corn mills, Great Howard-street, last night. resulting in the instant death of the engineer, and the wound ing of several others. Mr. Charles Cotesworth, a well known and ros pected merchant of this town, was yesterday seized with an apoplectic fit, and although three physi cians were in immediate attendance, he died in the course of a few hou,.s. He was engaged in his office at the time. Full reports of the various Ward Meetings in connection with the approaching municipal election, will be found elsewhere. Our last accounts from Naples state that General Guyon, the commander of the French army at Rome, was at Naples incoy. The Paris correspondent of the Times supplies him with an obj,,ct. He is charged, it is said, with a private misston, to examine and report on the military force of the various states of Italy. The health of the King of Prussia, though rather bt tier, is not so far re-established as to give strong hopes of eventual recovery. At the best, tho progress of the malady causes it to be seen that for a long time his Majesty cannot attend-to public affairs. It is reported from Vienna that in a day or two it will be officially announced to the public that no more railroad shares will be brought into the market before 1859. The state of monetary affairs in that city is deplorable. A letter, dated the 15th inst., says :—Ten houses suspended payment in the course of yesterday. The chief of one of them, who, having gained last winter a lottery of 40,000 florins (100,000 francs), had built a magnificent warehouse at Nuremburg, has committed suicide: It is said that the failure. of Boscowitz had led to kis embarrassment. . This is the fifth suicide within a few days from a similar cause. • . 'EUROPE IS at a los.s to discover the cause of ~t;nr,.l United States. The solution of the problem is at hand. National depravity, inflamed by popular ignorance and a reckless disregard of the sacred interests of civilised society . , have produced the collapse of commercial credit in America.. A nation must have advanced far, indeed, in intellectual culture, high moral training, _and pure patriotic feeling, before it. can appreciate the real worth of those compacts which form the bases of the institutions which hold society together, and give greatness and power to a people. These compacts may embody the :most fallacious and dangerous principles, yet, when they forced themselves into active life, and have become the vital elements by which a country exists, they should be dealt with with the utmost caution, not because they are manifestly oppoEed to the first principles which govern those branches of the social sciences to which they belong, but because the worst failures in practice ire those -which attend the innocent pursuit of false theories. Now, banking is one of those - elements of modern exi.3tenee which should be regarded as the saost sacred of national interests. It is too mighty an engine to be left to the government of individuals, and too destructive to be free for a-nation to turn upon itself. The Jnost virtuous monarchs have shown unmistakeable signs of weakness when entrusted with the creation and direction of money, and the most high,.rninded sovereign peoples have failed to lay up a treasure of unimpeachable disinterestedness and honesty to their memory in thin particular branch of economic government. In a word, the history of the world's banking and finance supplies us with one unbroken chain of questionable and foul deeds. Individual cases might be cited where extenua tion would be impossible. Nations have also acted with the utmost indiscretion and reckless ness in the management of their monetary affairs ; but it hilts certainly been reserved for the United States to show the world the super-electric road to self-demolition. Her imitative genius and natural love of _every thing British led her .`' hard-money detnnerats'! into the adoption of that glaring absurdity called " cash payments." Lacking in her people that drowsy honesty of disposition which leads to a rigid path in the stability of all. things, she launched her fortunes on an ocean of errors, which only required to be pointed at to insure the capsising, of the crazy craft which floated so majestically on its bosom. And, now, what do we behold ? A great people, blessed with every species of material wealth in an inestimable degree, prostrate, and exposed to the most deplorable suffering and impoverish ment, in pursuit of a crotchet which all their intelligent citizens and statesmen know to be unnecessary and impracticable when applied to Banking, in its broadest and national sense. If the Americans had adopted our hopefulness and good sense, at the same time that they imported our " convertibility" follies, we should not have lived, in all probability, to witness a whole nation rushing like maniacs to sweep away their whole stake in the institutions of their country, and destroying the last vestige of their credit at home and abroad. We question if hugging the worst absurdities of the " cash payment" school could have led, under any circumstances, to so lamentable a result. There is nothing, however, to be found in their banking returns to justify a supposition that their banks had departed from what we consider to this country to be ordinary sound banking operations ; and a very brief comparison of the actual condition of all the United States banks with that of the banks of England will suffice to show the astounding stability which the former have attained. At the close of the year we find the States Banks held 40,020,000 dollars in species, and 251,875,000 dollars capital against 140,300,000 dollars of notes in circulation, Here it appears that their issues were only a trifle over 500,000 dollars in excess of what we consider prudent banking namely, one pound in specie for every three pounds in paper put into circulation, and that there certainly was no cause for public alarm at that period. The Banks of New York actually held 12,000,000 dollars in specie, while their aggregate issues oniy amounted to 8,000,000 dollars ! The Banks of Philadelphia held 4,000,000 dollars in specie against 7,600,000 dollars of notes in circulation, and the Banks of New Orleans had a bullion reurve of 8,000,000 dollars against 7,500,000 dollars of notes in circulation. This was the condition of the banking busi ness of America at the commencement of the present year, and we find, by the returns for the week ending the 3rd instant, that the banks of New York held no less than 11,400,4 i 3 dollars in bullion, against 7,916,102 dollars of notes in circulation. This being the actual condition of the leading banking districts of the States, it renders the recent diastrous movement on the part of the public perfectly inexplicable and unpardonable. They were all in a much sounder state than we are at present, according to the much-lauded banking absurdities of the day ; for we find by the returns of Friday last that the Bank of England only held 10,109,9941. in bullion, against 19,990,100/. of notes in circu lation. And what is the average of our aggregate capital. and stock of bullion compared to the total circulation of all our Banks, whiclfis very rarely less than 30,000,0001. ? The States have realised the superlative delights of the B unionist's dreams, and at a much earlier date than they had any reason to anticipate, and it is only to be regretted that, when they had the courage to fnllnw na int'n nnr rnn nF c.,11...:.. 4,--s v t,„ not the fortitude and good sense to lo3k to, the actual condition of their monetary affairs before they rushed headlong into the destruction of their trade and commerce. If we were true believers in the creed preached to us by our money-mongers, we should have a run upon our Banks every other week in- the year ; but we know the greater part of their doctrine is all blarney ;" and while we respect the welfare of our neighbours, and the general safety of our country, we must submit patiently to that which, if tested, would be found a pitiable delusion. This is the coolness and forbearance America lacks, and until she cultivates them, her com mercial and industrial existence will be at the mercy of every paltry charlatan who has suffi cient knowledge of her weakness to fill the public mind with groundless alarm. TUE Liberal Municipal Electors of Liverpool are now called on to exercise the solemn trust re posed in them by the State. They are to elect • sixteen fit and proper men to represent them in an assembly which is second only in importance to the Imperial Parliament. Other Corporate • Councils may have to deal with a larger popu lation, a more princely revenue, and to make away with more turtle, venison, and champagne ; but there is not another body whose acts immedi ately affect the commerce and mercantile pros perity of the nation, How these interests have been dealt with by the Parliamentary haxks of the Corporation we shall not fail to show when the election of the new Conservency Commission is about to take place; and we need scarcely do more than paint to the Dock, Gas, and Water jGbbery of the last three years to revise in the lib.eral voters of Liverpool a fixed determination to return none but honest and intelligent men to the Council Chamber. Last year we showed, in Lime-street Ward, what can be done by union and vigorous exertion. We have an opportunity this year of doing much more, to reduce that overwhelming majority of Corruptionists, who carry everything their own way, and with whom remonstrance is of no use. Between professional jobbers and morbid " liberals," gentlemen of small ambition and easy disposition, the cor ruptionists have a majority of three to one in the Council, and they do as they please with the Ratepayer's money. TO correct this state of things is the bounden duty of every indepen , dent man in the enjoyment of the municipal franchise. Our Corporation should be a perfect reflex of the public spirit and commercial rectitude of that great mercantile community, from which its members are chosen. Men should be selected for such officers who would not shake off the good manners—and the very skins from their backs —when they 'enter the doors of our local legislature; and men can surely be found for every Ward in the Borough, who will carry the integrity of the merchant and tradesman into the Council, and who will not submit their fair complexion to be daubed by the tar brushes of undisguised jobbery. A new Parliamentary campaign has already been announced by our Dock jobbers, the health and comfort of the entire population are threatened by our Pike Water jobbers; and what have we reason to expect in return for the money expended under the shallow pretence of correcting the abuses of the Gas monopoly ? Are we to be for ever sending men into the Corporation who have sympathised with, and declared themselves ready to support the authors of the local grievances of which the inhabitants so justly complain ? Are we never to see justice done ? Within the next seven years the Corporation is to receive 1,500,000/. as compensation for our Town Dues; and is this large sqm to be squandered as millions of money have already been ? Is there never to be an end to munici pal prodigality in this Borough ? Much may be done at the present election to check the Council in their career of recklessness and waste of the public muney. The Liberal voters of Lime-street Ward did their duty manfully last year, and let the Liberals of St. Peter's, and all the other Wards, do their's this year. It only requires a little tact and determination to win St. Peter's Ward, and here vigourous stand should be made in order to show the Corruptionists that where there is a will there is a way of defeating their nominees, , even in their strongest holds. All those who have read Mr. BOWRING'S speech, which appeared in the NORTHERN TIMES of' yesterday, will have discovered that that gentleman is in all respects qualified to represent the trading and mercantile interests of St. Peter's Ward, and Liverpool generally, in the Corpora tion, and men of Mr. BowarNa's intelligence and public spirit may be found in every section of the Borough. St. Peter's Ward, in times past, has been however the hot-bed of the Corruptionists faction, and here the greatest concentration of the Liberal party is most needed. In the other Wards where Liberal candidates have been brought forward, far less exertion is required to secure their triumphant return, and we hope now, late as it is, to see a Liberal candidate put in nomination in every ward. Bringing forward only one or two good men every year, leaves the Corruptionists but very little to do to keep up their power. If they were compelled to contest the whole sixteen wards, election after election, they would soon find their chief strength broken, and the town would be released from their mercenary grasp. There is no want of men of public spirit and sound principles to fill up the Liberal list ; and it is tait., la, quired stamp do not step forward to represent their fellow-townsmen in a position in which they might render them such important services. St. Peter's Ward must, however, be won. It is the Redan of municipal corruption, and the Liberals must carry it—Coute qui Coute ! WE have, at last, arrived at a crisis on the Water Question. The Council sat in delibera tion on this vital question for the space of six precious hours on Monday, and, by a majority of voices, decided that the peurile resolutions of the Water Committee should be approved of. What are these resolutions ? A perusal of them will convince any sane man that the object is further procrastination, if not jugglery, or worse. Have the Committee not had enough of emperical experimenting ? It is evident the Ratepayers are heartily sick of all such ; and we much mistake the feeling of the town if they quietly submit to be longer trampled upon in the manner they have hitherto been. So long, they have proved passive slaves; but, if they have a particle of spirit left, they will arise against the cruel and crush ing despotism which has so long trampled over their rights, and sweep it away for ever. No more memorials to the Council—no more depu tations, or unprofitable discussions. The people, if they want to emancipate them selves from this accursed bondage, must meet together at once, and, with one voice, raise a cry, if not for vengeance, at least for justice, which will appal the hearts of their cowardly and relentness oppressors. There is yet time for such a demonstration, if it is set about in earnest; and it behoves one and all to put their shoulders to the wheel with a hearty and vigorous good will• The resolutions of the Water Committee are not merely a gross outrage on the common sense of the people of Liverpool—they are worse. They are a blind, to enable certain parties to perpetrate further acts of spoliation and plun der on the hitherto confiding Burgesses ; but this must no longer be borne with—the remedy is in our own hands, and if we fail to avail our selves of it, we deserve to suffer. There were samples of Pike water exhibited in the ante-room of the Council Chamber on Monday, taken from the Corporation Works by their own servants, and, certainly, no sane person could have pro nounced these specimens fit for human use. Yet, some twenty-one members voted that the foul and abominable bog-wash shall still be diffused through the well water, thus polluting the whole supply. The men who voted thus, are unfit to represent the inhabitants of Liverpool in the Town Council. With the facts staring them in the face, they belied their own consciences, as well as the evidence of •their senses, in order to conciliate the blind prejudices of a clique, and pander to the brazen cupidity of a parcel of designing adventurers. The Water Committee declare it as their opinion, " that it is impracticable to deliver the Pike water and the well water through the same pipeage." The opinion of the Committee may be taken for what it is worth ; but we beg to tell them that we happen to know it for a fact that there is nothing impracticable about the matter , and we tell the Committee now, as we have done previously, that if their agents are unwilling or incapable of doing so, others can be found both able and willing to perform the task. About that there is no mistake. With regard to the plans of HAwKsLEY, DUN CAN, and SPENCER—to purify the Pike water in bulk—we believe them only calculated to amuse, deceive, and delay. They will be productive of no permanent good to any except the parties them selves. But there has been enough of this impudence and brazen imposture at the cost of tin public. All the filtration in the world will never convert the bog-wash of Rivingtou into spring water, and we want no doctored decoctions forced into our stomachs by either one process or another. What we want, and what we will have, is the restoration of our well water, without any contaminations whatever. We are perfectly aware that our spring water contains a certain quantity of salt, lime, magnesia, &c., but only in such proportions as to add to its purity, pleasant ness, usefulness, and healthfulness. Of these virtues we had ample proofs and we shall neither credit amateur-chemists or self-dubbed civil engineers when they endeavour to persuade us that our water is either impure or unhealthy. Out upon such mendacious quackery. The time has come when the people of Liverpool must proclaim that they will no longer be befooled as they have been. There is yet time for a wholesome impression to be made before the next election. Let the ratepayers resolutely resolve to support no can didate who will not comply with their wishes on this point, and let it be distinctly understood that, irrespective of any ►limsey objections, the instant restoration of the well water is the one thing essential. No wordy subterfuges or jesuitical blandishments, but frank pledges that this will be complied with. This is at present the sine qua non qualification. All others are, in our opinion, at least, matters of secondary con sideration. THE RISE IN TEIE RATE OF DISCOUNT.—IiI allusion to this matter, the City Article, in yesterday's Times, con tains the following remarks :—This step is solely in con sequence of the American news. According to the latest dates, the rate of exchange even for the best bills, had fallen to a point which would give a very large profit on gold from England, and although, owing to the possibility of a sudden rebound, speculators on this side might hesitate to undertake the operation to a heavy extent, the amount of bills transmitted from New York, with direct orders for returns to be made in specie, coupled with the sums heine iipenatritarl hp niir n.ritwlL.Ao for the purchase of securities, involve the certainty of a further drain, against which the most prompt :precautions were requisite. The public were aware that the question of an advance to 8 per cent would depend entirely on these advices, and if the Ariel had arrived at her expected time the movement would doubtless have been adopted three or four days back, since the later accounts, brought via Boston, aro scarcely so bad as those with which she started. The rata now reached is equal to the highest known in modern times, and our only experience of it was for four weeks from the 25th of October, 1847, when the railway panic attained its climax, and Consols were down at 80, the bank bullion having been reduced to £8,312,000 and the reserve to £1,547,000. In the present instance it is unlikely that the pressure will last even so long as four weeks, but, as our condition must depend upon the course of the American disorder, and it is impossible to conjecture what may be the next turn of frenzy, we must hold ourselves prepared for all contingencies. According to the accounts to-day everything has been brought to a dead lock. Debts could not be paid between distant cities because there was no safe means of remittance, and produce ready to be converted into gold could not be forwarded to port, awing to the absence of any 'power of obtaining advances upon it. Every ono saw that if the machinery of ordinary custom could again be set in motion all would instantly bo righted ; but in no quarter was there power to bring about such a result. Whether escape would be found through some final convulsion, or through a slow and . fluctuating convalesence, no one could pre dict, but it was certain that matters could not continue long in their then state. Among the considerations on the favourable side was the fact that the stock of specie in the New York banks still stood at £2,280,000, which is beyond its average amount, and more than £500,000 in excess of the total held at the corresponding period of last year, while their note circulation was less than at that time. The Californian arrivals of about £250,000 each fortnight would also be retained, and in less than a week the Vanderbilt would be due from Havre with, it was believed, £200,000, to be folloWed shortly by the £320,000 lately despatched from London and Liverpool. Against these prospects the only alarming point is the possibility of the run upon the banks for hoarding pur poses, which had already assumed disagreeable propor tions, becoming altogether ungovernable. Meanwhile, as regards our own position, in all those branches of trade not connected with America there is a total freedom from uneasiness, The circumstance of an advance in the rate of discount to 8 per cent. for a few weeks to meet a temporary evil in which all other nations participate can inspire no dread on the part of any solvent houses. The difference between that and 5 per cent. even for two months would amount only to an extra 103 per cent. on all the accommodation they might require, and if their capital and current profits are inadequate for such a contingency they can scarcely be considered fit to be in business at all on their ow❑ account. Of course, there are eases where, owing to heavy contracts having been entered into, or other similar causes, the effect may be peculiarly sevore, but these are altogether exceptional. As a general rule, there ought among a sound mercantile community to be no terrors in 8 per cent., or any other rate of discount, supposing it not to have been occasioned by a reckless course of national extravagance, and hence there is reason to believe that the announcement of to-day gill be received throughout the country, as it has been in the metropolis, without the slightest indication of con fusion or alarm. THE PACKET SIIIP JEREMIAH THOMPSON.—On the sth September we gave an account of the sailing of this fine and favourite New York packet, with over 500 respectable Passengers, for that city, and it was predicted that she would make a quick passage. This has been amply fulfilled, as the following extract from a letter, written by a gentleman who wss a passenger, will show :—" We made a splendid passage, of twenty-four days, and had very fine weather—in fact, too fine, for we were five days becalmed, and made uo way; so that is reality we were lauded in le 1 0/ nineteen days from the day we left the *erael' A . f ife every ship that we saw, and one vessel tat left I ' l ' o o the day before we sailed, did not arriv e for tell Wood, us, and others that left along with us have There was not an hours' illness of any one on P L " .. oe Captain Blake behaved like a father to every 011116.0 humblest passenger claimed his attention as Ife o tof first person on board. Dr. Taylor, the medica l ° O , the vessel, was also most attentive to every one. m ole is a noble one, the provisions were fi rst-rate, ancidalifa ar Blake won the affection of every one on bod. 1-„,„de too, was kind and courteous to all. I amsur e t a gil le of the passengers will be glad to hear thia—sn" captain and his fine ship remain long togetherr 4 11, ni oat. FIRE LAST NIGHT.—Ina house in a court off ; P ostillg street, tail night, several persons were engage d 1;00 life ; oakum, when a !park from a candle set the oeka be e osin and immediately the house was in flames. T t s od !d r ; from Temple-street was immediately on the sP e Hewitt succeeded in subduing the fire ere lo se the b : rri' was done. A MAGTSTEATE WANTED. —Yesterday, as li g- si n 'idsts bi f ° ness of the second court was delayed for a e d e p - o l so period for the want of a magistrate. One ge n " - eses Dixon) disosed of the dock and town sor eve :;eis 'et ' o e se when a second magistrate was required to he ir setl ee J ca , es, there was not one to be found. The e s it. sll , , - , was, that es a second did net turn up, the first 0:00 the se cts kept for a . very long time no business was tranto public, as well as the officers of the court, we re f teiSi s state 0 A state of idleness . How long is such a oss continue ? a, nobly to SUDDEN DEATH —Liverpool has lost a notos' bors s is generous citizen. It is with great regret ws ciet i to announce that, yesterday afternoon, whilst e e g a o.'ale 11 4 office, Tower Baildings, Charles Coteswortht 'ooti e frio seized with what is believed to have been an sp at he. and after a few hears' suffering ceased to hr e o - ol ear": o deceased gentleman was highly respected as w g - ottit t° s man, and in his private character as a genere es ;p e ar d . o. to the public iustitutiens of the town. r° 'r ue : were in attendance, and certified that deat h W3 '" T el plexy, the result of natural causes. , t bo DEATH OF WM. AYitE3, THE MESSOCig' erO tu dutS t i e f he , BANKRDPTCY CATRT.—It is our palatal death of Mr. Ayres, one of the messengers 011 last.sflis ruptey Court, which took place on SaturelaY,„tha 4 ;01 brief but painful illness. The deceased waaretScsrl'sis year of his age, and was d is most experienoso,"teS teoji, mech and deservedly respected. He was apPo;,, office which he held, as the successor to the It s o rfo Sin :e the decease of Mr. Ayres, Mr. Constois'-4r. "'Se with whom the appointment rests, selected ' - . e o Wright, of London, as his successor, an] fra n e a da tlr man's experience, there is no doubt bat that s re s , the office will be well performed. the re JP' THE LIBERALI tY CF CAP rAistS.- -- a li 'Y 'n "S .10% number of captains of vessels lying in tWl a r r' till . sueamoned before the bench of magistrates se- rp i r t ls - d e ft any persons keeping tile watch. This is Pe r ,, - ,aes . o 'sr till, and is one of the dock regulations, whic h _ro it riai to be attended to. When the cases are calla' l oth! , o riahly occurs that one of the lads belonging3's • or appears to answer the summons, and the el" 2. 1;• 1 ; v i e r il te l t.ley had just turned in aced asleep,,e'r-ilatiis•:alle work on beard the vessel all the day." 1 '; at th e iih e reluctantly impose a fine upon the lads, a o 0 1 0 time express it as their opinion tkat that tle' o sie o l'al paid by the captains, as they have na right to ' c lot' •to work both day and nigh'. Penh s this Se ll le fP fter $ cause the evil to he remedied. P bor v 'S FATAL Bataan EXPLOSION.—Last eveningsoce l as s t ;oot sot. o'clock, one of the boilers in Mr. PlllO lie Corn Mills, Great Howard-street, explo led. t or te l l to say that (lee man—the engineer—was in e l ir poO d fahr and another severely scalded. The latter was • psf ,s- e r t elSt removed to the Southern Hospital. Th r , e s e al s ecr e ei4e r ' were also slighly hurt, and a horse was scal'O o preOo it!, There has not been much damage done to t; ; ; t ell te n ses With the exception of the bricks in the insol e ''' . f of the exploded boiler being dislodged eir i d ede srS thil d about, and some slight injury done to the WOO, sol o alt public-house and barber's shop, there is ba as e V/ woteh notice. The mill e will go on worl‘lrloss le' dig after the coroner's jury have v i s i te d the Pr: o f explosion was probably caused in conseatlene' too little water in the boiler. , a th_rO ir DEATH IN CRURCII.—A. very melanchoil -e s we/ is St. Jam s's parish church, Poole, on FridaY• , t his the wife of Mr. Thomas Henry attended on that day at the church to return _ O lO l 9 p l ac e three ^..4 i F yfr her confinement, which had taken She walked very well to the chu eh, whoon g a l; 01 Palk, grocer, oltionalit complained of faintness. Her nurse, wftheln led her to a seat to rest, until the esrem°oll) s c a b or a Carl then going on was over' - On bei n g f d her expressed herself better. The nurse chafed t o o bs el ... tows short time, when Mrs. Palk suddenly grasp! the nures and said , " Oh, nurse nUrse, I alllr.ligb Dr. West was sent for, bit bet his arrival sn,eeteci pired. An ineffectual attempt had been made W.,:i s p e t illo, on div e j down her throat. An irquast was held Dr. West attended, and stated that he consid er ,. s[ll/( tb jibi death had been caused by want of a sufici f llya blood to the brain, caused by an inefficient 11 . 1 ' .- ,ast; o r heart.—Salisbury ,journal. ,go 141NHON ARchITECTURAL PH)TOGRAPlt io l , ela d t lo This association being about to make their se:ooiol6e nof photographs, (as advertised in one, dr s we cannot permit the opportunity to piss t o a d more prc.minently before our readers the advatl'; th refrom. By this means, gentlenaell d irri s ' ii rs ottl a o s° o photogra phis views of the most cslebrate , $ ', t or s buildings in the world, at a mere nomill'otttel;alt; make themselves better acquaint( d with thele,Voliegoiti fire sides, whilst they are enriching their flne the finest of drawn;?, pencilled by the s s o rl o iss,, fr a s e l d rays. The sub;cription is one guinea, or ..1701 I ",is f Ol s annum, and for each guinea the subsc ibtr,-,pers'A chotee of three of the largest size prints , kg e ' s ee t 'aol l a l. at 25a each), or eight of the next size, a t ,r o tere e : . pbe number of nailer views, or from 30 fo r 4 "aetag, r 'ite er gt views, at pleasure, all by the most eminen P.-I,oo.gple Specimen prints have been sent down frl' ln io tb e r ,"ory' we earnestly advise all who take an in'erest I P` ti tt f LoC 3 w e , to call and see them, at the office of the sold! Secretary, Mr. C. 0. Ellison, architect, 3 3, .- ;rite l'o rt ag h 'ro MODEL HP THE BATTLE OF BALAVAV" the-aitys; the above deadly conflict, in which the llow sr oli e ' s f of t . ; forces wan br night to bear on our eallant , en ;rea t ti . to troop, was opened yesterday, at 28, Hole-oloitteVh,',ll rate ins ac's n, previous to its being es'aicy'rfitt ly 's public. The history of that sanguinal c°11 •; - th e ono of the most fiercely contested struJel o i se .. ell bat war, for on the issue depended the war- - ‘; a or ,;;; ) 1 O every phase that Etelisti language c ' u , lti s ri e o l3 o l l 3 . r a i s °' s ef ; o'l know the scene, rod, 'by maps and ora a i the model we saw 3 esterday, conveys field, aud the position of the contending arrliho be r r e, ° l e o, ° f il o yet presented to the public. We have " - t b siO ' e f tar h ld, with the disposieiou of the armies at b‘,.°opito4,oatip Russ ea we see the advantageous gretoll py , ans; their suerior numerical force, 3 , /3 r apparently favcurab e to them, the wona e o aos'ip 6 ,if place of b ing welt " licked," they ei a', 4 , 11 01 031 ,,,5 1e ;i 1 late our brave fellows, wile " thrashed 00 ' h style as the Muscovite will never forget' jot's:, we'l got up, faithful and accurate, and, 110 131' 0 1 ion orr o f prove interesting to every one. ExCuRsION TRAIN;.—III our itnpeess, a era e o rt o 1 /11 ,0 1 the "News of the Day," the writer of 113 ;7 io e ,ait ;$ 1 paper fell into an error, which we crreej Closseeol lication of Saturday. By a mistake r u ' r. t iolt et sif er ot reported to have said " that the escursiloss ° pie ' .was a regular swindle," and also that there to pee I'° t he complaint about excursion trains, Ro l e , °- 0 0 eit 'o se t tol so far as Calling them " public swindles.' 00re551,0,/ to Mr. Clough, we find he did not use e r 7t nett Jr,o'e cosild bear such construction, •nd we c f g a ,s olVtae Mr. Marcus, r It I ti c den and Noith Western Railway, has ec'ol'i cgast ° To r the manager of excursiona 0 ' 44- a" 1/ qu)ted observations tippled to him• h,ln t , of er fre ' I)l3re • remqte from the wr'tei'a mind, t';°;oest; remarks could apply to Mr. Marcus's rna h rl : o l - 01 0 o s p e r e .° 1 !$ 0 ! sion trains —alanageMent that we havetta- Tv, p eo ls o quently, during the summer, to eulogise'oeot'°ooi allusion to Mr. Marcus—his name was uOt de d io fr a il certainly the obs er v a ti ons were no t lean aoti" t /- to refer to him—as our explanition n u we re anti" tte f!; We deem it right, again to state, th at o „id a Oes, coustrucdon has been Hilt on the oass 3 gwoet "" l CORONER'S COURT —Yesterday owieg inquests : —Oa the body or J 9 ,,,oro i lel iirg ii keeper. It appeared that on SundaY the etriPoos tinooCorov )to is( op t o p deceased was watching some pol l, at , C loo l ‘ , Deck, when, between twelve and f o e % his foot against a hawser, arid ve his Ace, ye w , a r :to h i e jae; although every exertion was made to sa,„ „slot: in a brief time, and was drowned. voebonee'eotel-siee _o l t a b a et bodywas a o c f c i a d e labourer, ntall death.-0a tha body of a child naro.„e" d iet e e , o est Oa 30 On the last day of September, t " - 0 0 th°, o o , other men, was engaged filling a wage" so a sor named Jibe desesoolOW and St. Helen's Railway, near Towagree as °f aill e l e° ysc aided. ve T e s, kir , deceased was told to couple the Wagr on s ' th e° t ;s e o ri llt r s stopped. Be hid not time to do so, w''''s e a tor - belP back, and c tight the hind 0f deeet plat totatepe buffers, and crushed it. died ,o ttl e e r" fori4 t a l g P o s ires t 4rgl ' pital, from the effect of the injuries. The f o llo rl d h o pOP a ver 'let of accidental death, made th e pe as " moot :—" That there was great i g noralt/ e d ia lessee's, ou the part of the persons eivr 1110112 01 %d e) littival . 1 r 44. the 'Y to 1 4 7 11 " 14 8 E Thi let ter Llaiii Fr, t Aat, o tair