Northern Times. — Liverpool, Merseyside, England, 1857-12-24 00:00:00

AMUSEMENTS, PUBLIC MEETINGS, &c, THIS 11,1 Y. RoTAt. AmrarrrilKATEE—Tqleetriin Performance -7 p.m. QUZEK'S HALL, ROL n-STILVZT — OOJCO-8 p.m. CoLetrz VAIL Daly-street -7 p.m. heszLi. CoLonssum—Geeeral Entertainment-6.30 p.m. CI" For edrertisementi see wool p 49. NOTICE •TO ADVERTISERS. Persons seeking Employment, parties requiring Servants Assistants orCierks, and those in search of Apartments, or having Lodgings to Let, can best bring their wants under the notice of the public, by advertising in the NOKTIIERIV TIMEI and which, from its large circulation, is the most efficient medium of publicity in this district.• The cash price for this special class' of advertisements is now reduced to THREEPENC 6' FOR TWENTY woaDs, and for every additional five words one Penn./ On SATURDAY, JANUARY 2, 1858, WILL BE PUBLISHED, THE NORTHERN WEEKLY TIMES WITH A SUPPLEMENT, MAKING A TWELVE PAGE, ox 72 COLUMN NLWSPA.PER, THREE HALF-PENCE. News Agents must, to prevent disappointment give early orders, 19, SOUTH JOHN -STREET. BRII:ON' MEETING. UPPER TEUTONIC HALL, LIMC-STREEL This 'MEETING will to IIE • D at Three o'clock, on CHRIBTMAS D ( ro-moriow), in order to FORM en AS6OCIATiO Nto protect the producing clay es mompoliling wholesale dealers; to defend ac ions, tike assignments, and enable small tralera to declare themee'ees bankrupts ; and to establish an ~grn;y by whi, : h dishonest tr,d,rs who give short weight and adultera'ellieir gods may be par ished. Also, to establi.in a producers' newspaper, and to ex,:ose the Poor-law Bill Reserve Tickets, ls. ep.ch ; to the B^dy, 6.1. 7 ickets to ba had at 87, Finch-street, and at the Hall. No peison admitted withoa ticket before a quarter to tz,ree o'clec r. OBSERVING OUR PRACTICE OF FORMER YEARS, TO-MORROW BEING CHRISTMAS DIY THERE WILL BE NO ISSUE OF TEEE NORTHERN DAILY TIMES. 1 -- 0 , tiPt THURSDAY, DECEWBER 24 1857. THE DAY'S NEWS. Lucknow has been relieved, at last, so sears a Telegraphie.despatch received by the Foreign-efiLe, and published in our columns this morning. Generol Sir Colin Campbell was, at the last acivices in the immediate neighbourhood with 22,000 troops and he had succeeded iu removing the sick and wounded, and women and 'children* to Cawnpore. We heard by the last mail that Sir Colin Campbell had arrived at Cawnpore on thq 2nd Novemb er , and he had crossed the Ganges en route for the scene of action. We nosy learned that ho joined the force at Alumbagh on the 21st— manifestly a mistake for the 11 th. That on the 23 (13th) active operations corn me ace, 'lnd that for the next six days there was a canstant series of severe and bloody struggles with the .enemy; and on the 21st their principal strongholds were being captured; the beleaguered garrison were relieved, and on the 20th the sick an ;vccmprlea. ph;Hroy, sea.easacee public mind. Intense anxiety was felt for Have lock and his gallant companions, but even more for the fugitives. The latter are now in safety, and the former, relieved from their interesting charge can take care of them selves. In addition to this, we hear that the lklalwa field force under Brigadier Stuart, has relieved Nnsseerabad, dispersed the Efriahibpore and Alundesore rebels, and is now clearing Maiwa of the insurgents. The flying columns under Brigadier Showers, Colonel Catton, and Colonel Tiddel, are assuring Rohilcund, complete success attending their : operations everywhere. Large masses of European troops are reaching India weekly, and we are (relieved?) from all alarm for our garrisons and outposts lately in mush irnmi whit- peril. .On the whole it is the best despatch that has been received since the commencement Of the mutiny. . . . eiWe have some slight additional :particulars of the earthquake _ie the southern provinces of the kingdom of Naples. : This terrible calamity has ravaged the. districts south of the capital, the towns of Salerno, Potenze, and Pole, being specially enumerated; Salerno, where the English engi neers are in prison awaiting trial, is stated to have suffered most. Half the villages throughout the province named are destroyed, and the loss of life amounts to several thousands. We perceive that the Parii papers are diseussing the recent re-imposition of the spirit duty, and the Austrian Prese is inconclusively defending itself against the charge of inconsistency in opposing the Suez Canal after having approved it. The intelligence from Constantinople shows that the French Government is zealously watching the policy of the Ottoman Porte in North Africa. We are given to understand that the Government of. St. Petersburg have taken a step which is of no inconsiderable significance, as indicating a better and more amicable feeling in the relations between Russia and England. Hitherto the representative Of the Emperor at this Court, has borne only the diplomatic rank of Envoy ; for the future he is to bear the highest 'title in the diplomatic hierarchy, that of Ambassador ; and Baron Brunow, who was Russian Minister here for many years before the late war, is about to return to his former post with the new title. Some of the French papers are harping upon the alleged pecuniary difficulties of Lord Strut ford de Redcliffe. It is very curiously stated that his Lordship became security for the Sultan in some of his commercial transac tions. Ou the other hand, it is stated that Lord Stratford paid his creditors an instalment of 50 per cent. before he left Constantinople. Yesterday, the usual quarterly meeting of the East India proprietors was held. The grant of pensions of £l,OOO to General Wilson, and of £5OO each to the widow of General Neill, and the mother of General Nicholson, was confirmed. The Chair man announced that he saw Lord Palmerston on Saturday last, and that his Lordship intimated it Was the attention of the Government to propose to Parliament, at the beginning of next session, a bill for the purpose of placing the government of the East Indian dominions under the direct authority of the Crown. This statement was received with hisses The Mayor of Birmingham has determined not to be among the last or least energetic in manifest ing interest in the approaching royal marriage. He means for the Birmingham people to have an opportunity of attaching pleasant memories to their recollecti on o f the event, H e will give a grand banquet on the occasion, and a free ball will be given in the Music Hall, and a free concert in the Town-hall. Beate has been convicted at the Taunton Assizes of tha wilful murder of Charlotte Pugaly, iu Leigh Woods, near Brictol, in September lest. It will be remembered that the priSoner took his unfortunate victim away from her situation, under the pretence that he was going to marry her, and when passing through the wood together, he troachetously murdered and robbed her of her money. One of these social events, so pleasant to record, a public recognition of took place on Tues day, "Mr William Howell," writes a Birmingham cotempo,ary, " a gentleman hang and favourably known in Birmingham as a teacher and lecturer, was invited to meet a large number of his old and present pupils and friends, and was presented with a purse containing two hundred pounds, as a testi monial of esteem for his character, and gratitude for past services. At one of the London Police -courts, on Tuesday, the Rev. E. J. May, the head master of the Brewer's Company's Schools, was charged before the Lord Mnyor with having inflicted excessive corporal punishment, with a cane, upon one of his scholars. The Lord Mayor expressed his indignation at the size and thickness of the weapon used ; and evi dence was given to prove that the boy must have suffered acutely under the punishment. As the defendant contended that Z. - le had, in flogging his pupil about the thighs, done no more than his duty, and therefore entertained a " conscientious" scruple to making an apology to the boy's father, he was committed for trial. issues lying idle in its coffers, is perfectly monstrous. The folly of resorting to extreme pressure is shown by the astounding rapidity with which the desired objects of our money rulers can be attained. The amount of extra circulation required, when the Bank Charter was suspended, was only 2,000,000/., and this demand was doubled by the public alarm, caused by advancing the rate of interest first to eight, and then to nine and ten per cent. We question if there was more money required for domestic circulation in November, than there was in July, August, and September last. Two or three millions more gold may have been wanted to . balance our foreign trade accounts, and because this momentary drain was about to take place, the rates of interest were advanced to two per cent. above the famine maximum, and in less than two months the losses of trade and commerce amount to 150,000,000/. ! For such appalling nationll evils as these some- practical remedy must be found by the mercantile community. Our merchants and traders must watch closely the movements of the discount market day by clay, and when the rate of interest exceeds five per cent. hasten to supply themselves with cash for the coming crisis. Our leading merchants shoul,l, also, invite Messrs. OVEREND GURNEY and Co., and some others of the largest discount Houses of London, to open branch establishments in Liverpool, where money might be deposited on call, and discounts obtained at the Lombard-street rates. These houses would be able to find money for Liverpool as they do now for London, without going to the Bank of England. We should then have •a strong money-power placed between the commerce ef our port and those banks which must go to Thread needle-street, to re-discount their, paper at an exorbitant " shave." This will not give us the enlarged basis of commercial accommodation our expanded, or Free Trade transactions, with all the world, imperatively demand ; but it will secure us a due share of the available circulation of the day, at first cost. This would amount to half per cent. on an annual export and impor trade of 80,000,0001. Add to this 20,000,000 for the domestic or local transactions of Liverpoo' and Lancashire for each year, and the saving of one half per cent, will be extended to a total industrial condition of the country before it arrives. Colossal fortunes have been realised by the national distress. Political immorality and the besotted selfishness of the moneyocracy have been satiated. The cravings of their worst passions have been appeased, and we may now fairly expect a short interval of prosperity. Smiling spring will bring with it abundance of employ ment for labour, and its concomitant activity in trade; and a dreary winter will be compensated by a bustling summer. We must bear, then, with moral fortitude, the political aggravation of social wrongs. An allwise Providence still directs the destiny of nations. The promised greatness and power of man is but dawning on the Christian horizon. The stars that are to lead us to glory arc still afar off. The human litzhts we so blindly follow are on the wane. Great luminaries of effete wisdom are dwindling down to mere glow-worms—ephemeral sparks whose lustre passes away in a night. It is impossible that such things can last, or that the spiritual and material fruits of the triumphs over tyranny, sin, and death we are about to celebrate shall be perverted from . their sacred purposes, and the possibility of Christian progress abandoned even for the impossibility of moral retrogression. This season is typical of changes which must come to pass, and bring with them universal amelioration. These changes embrace great temporal advance_ ment, as well as eternal rewards, " From Him wh o believes nothing shall be hidden," is one of the promises which carries with it the hope of an inter minable race of progress and civilisation. When all join in the feast of this Season, and nothing shall be hidden, the political trickster and the usurer will have passed away with the dust of the heathen. They will be. despised alike by the children of NERO, and the enlightened sons o Israel. The Staffordshire Colliers have had another meeting, and the men appear to have considered their position and attendant ciriumstances with calmness, and with soand judgment, and they therefore vary wisely resolved to return to their wcrk at once. Two or three suggestions, for im proving their position in any future crisis, were made by an intelligent member of the body ; and these were unanimously appr,ved, and a good working committee was formed for the purpose of carrying into practise the suggestions made to them The London Police have commenced a crusade against the West-end supper-houses, where excise able articles can be proved to have been sold after twelve o'clock at night. Several informations have been heard before Mr. Beadon, at the Marlboroug'2.. street Police -court, and in most cases the magis trate inflicted a -£5O penalty. Of local news there is not much of importance ' this morning. Yesterday the distribution of prizes at the Collegiate Institution took place, and we supply our readers with an ample, report of the interesting pr.)eeedings. The weakly meeting of the West Derby Board of Guardians was held yesterday. Some few remarks were made upon the recent trial—the " Guardians of the West Derby Union v James Goodwin"— and certain rather personal expressions were used by one member of the B-)ard towards another, but, harmony having been resored, they proceeded to discuss the routine business. These are the pros:int% which are before the Christian world; and if this day should pass over many in want and sorrow, let all remember that each Christmas-day brings us nearer to the hour of triumph over man's corruption, igno rance, and blindness. Thee on whom present fortune smiles, need not be apprehensive of danger from a transition so vast, yet certain. When the furious struggles between popular virtue and party corruption, between sullen igno rance and tutored intellect, between enlarged knowledge and sickening dimness of natural pre ception, shall have ceased, there will be more real safety for the timid, and no need of protection for property. The squalid misery which now sits on so many millions of our fellow-beings, must follow all the other distortions and scourges of ages of darkness. Let the rich then, be merry, and the poor joyful. We vouchsafe nothing. The season calls upon us to herald the truth as it appears before us to-day, and to remind others of that for which vp_ have pass." If in doing this we make a time of almost general sadness appear the advent of eternal sunshine, peace, and plenty, it must not be ascribed to our ingenuity —but let the "praise be given where the praise is due." We would have all make merry, despite the passing frowns of the hour rolling over our heads. Time has its inexhaustible store of treasure, upon which man may draw more largely day after day, with out fear of disappointment ; and, although penury may punish, corruption stultify the progress of nations, and leave deso!ate the fairest regions of the earth for a while, each returning. Christmas-day will witness more men better fed, clothed, informed, and more strongly wedded b universal peace and good-will than there were the year before. We may therefore say to all, "be merry, be of good cheer." The Christmas of 1857 may have only brought with it that darkness which precedes the brightness of a glorious sunrise. of 100,000,000/. Few such fields present themselves to veritable capatalists to, embark in, as bill brokers, or legiti mate commercial discounters. The clamour so suddenly raised by the London Times, for a re duction in the Bank rate of discount really means nothing. It only represents the wants of JONES LOYD & Co., of Manchester, and mourning over the « fix" in which the ten pr cent Cabinet have placed JONES LOYD and Co., of London. M. "Pig's" advocate could not stand by and see "Pork" so wantonly depressed. Some people seem to think that Lord OvErtsToNE has discovered that, in order to retain the low fixed price of cold. overboard, and that the London Times has gone round on its horns, as in duty bound, to prepare the way for the change. But, be that as it may, panics are practical evils, for which the commercial men of England must find a prac tical remedy. We have just seen that indulging in hopes, and waiting for the rate of discount to reach seven, eight, and ten per cent, only pro duces national desolation, and that when banks begin to apply the screw, is the moment to lay in a stock of gold or legal tender. If we are to. have panics, let us have them at six per cent, and before fifty per cent, of the mercantile substance of the country has been eaten up by usury. Let American and Continental merchants and traders act simul taneously on the same principle, and then commerce, in the fulness of its prosperity, and unshaken integrity, will carry forward the great work of the world's civilisation ; and by its indomitable powers govern all for the good of all men. Some such change must be at hand, for no less a measure of amelioration can follow such a mass of long-endured evils and universa desolation as that from which the commerce o the universe is just now immerging. LEWIS AND COMPANY'S NEW ESTABLISHMENT FOR BOY'S CLOTdING —Number of boys clothed for the week ending Saturday, December 19th, 814; corresponding week last year, 494 —increase, 320. THE HAVANA CIOII2 COMPANY.—Such is the style and title of a Joint Stock Concern, orgenized under the Limited Liabilitiy Act, far the purchase and sale of cigars of foreign (not European) growth aad manufacture, and the purchase amd sale of foreign tobacco. The company is organizetl under favourable auspicies, and the direct'jrate is of a most influential character The head offices are in London, and business will be commenced in a few days. CHRISTMAS FESTIVIT LES.—The merryseason of Christmas must not be interfered with by a temporary money panic. now passing rapidly into a bygone! The festive board, surrounded by hundreds of happy faces, and loaded with such good things as only a Christmas demand can produce, must of necessity be kept well replenished with over flowing tankards of good Christmas Ale, brilliant, sparkling, and of delicious flavour. We strongly recom mend our friends and the public to lose no time in ordering a supply of Aspinall's celebrated Christmas Ale, as advertised in our columns. Private families can have either a 9 gallon or an 18 gallon cask, which are very con venient sizes. The quality is excellent, and when we say the ale is brewed at the Anchor Brewery, 4irkenheact, no further comment of guarantee is necessary.—Liverpool LECTURE, COLLEGIATE INSTITUIE.—The last of the series of lectures teat have been given on the part of the Young Men's Christian Association, was delivered last night, by the Rev. F. A. West, Through some misunderstanding, the Meyor did Pot take the chair on the occasion, as was previously aenounced. In his absence, Mr. Gee occupied it for the evening. The rev, lecturer adopted as his sebject, " C mper, as a Christi an an d a Poet." The lift, the studies, the abilities, and especially the Christian character of this great and good man, were reviewed by the rev. gentleman, who was warmly applauded throughout his delivery. The attendance was no: so large last night as usual. This may be eccounted for by the fimily pr , narations necessary on the near approach of Christmas, CLOSE OF ALLSOP'S ROYAL WAX WORK EXHIBITION, LIME•STREET, LIVERPOOL, —The above splendid establish ment will positively close on the 25th of January, 1858, ai bout fail. Mc. Allsop respectfully announc s that he has just added full-length figures (correct likenesse.) of the Rev. Mr. Spurgeon and General Ilevelrck, and a uambar of ether beautiful figures, as an addition for the Christmas holidays. Mr. A. respectfully begs to inform his friends and the public that he is going to travel with his Wax wc rk Figures; therefore, after the close of his Exhibition, the proprietor has given instructions to Mr. Branch to sOl by auction the whole of the splendid Statuary in the Sculpture Galleries, all the plate looking-glasses, twelve gas eh indeliers, a number of single brackets, a great variety of choice baste, and the whole of the timber in the Sculpture Galleries. Mr. A. would be 'willing to come to Satisfactory terms with the next incon)ing tenant to let the galleries stand, IT would be unpardonable mockery to bid the English nation a " merry Christmas" at the close of the memorable year 1857. The terrible ordeal through which the industry and commerce of the world are passing will exclude many hundreds of thousands of the best amongst us from a partici. pation in this great Christmas feast. Spiritually, there is no bar to the excess of human enjoyment for the million. They can revel in the glories of Scriptural promises, enjoy the feast of revealed truth, and rise refreshed with the comfort faith brings to hope; and all this can be secured to the multitude without any profanation of Divine law, or vain efforts to remove mortal responsibility from man's shoulders, and calling the sufferings of the poor and industrious masses an atonement for national sins. The want and misery stalking over the land at this festive season, are of man's creation. No scarcity or epidemic, no invasion, fire, or flood, has left the thousands of Briti,h hearths desolate and comfortless to-day. If any allusion is to be made to this most painful fact, let the truth be told. Let the sufferers and their richer brethren hear that usury and panic have deprived the working man of his share of this, day's rejoicing, in the midst of an abundance of everything the earth can bring forth. We trust, however, we shall be able to wish all classes of this great commercial public a " happy new year." Near as the first day of 1858 really is, we anticipate a very general improvement in the THE NORTHERN TIMES.---LIVERPOOL, THURSDA_Y I DECEMBER 24, 1857 63337 THE RELIEF OF LUCKNOW. Tim Indian news received yesterday, and pub shed in another column, is of the most glorious character. The rescue of the garrison and fugi tives—wounded men, sick women, and children —at Alumbagh, and the relief of the neighbour ing fortress, Luckuow, are most gratifying events. The deliverance of the former was a most provi dential circumstance, and one which we had scarcely a right to expect after so long a capti vity. The defeat of the rebels at Nusserabad and the other places mentioned in the despatch, will help to relieve the flank of our army in the direction of Agra ' Clearing the Maiwa country of the insurgents will leave the whole line of communication between Cawnpore and Bombay perfectly open. How far this is practicable with the few troops we have to spare for detached service, remains to be seen. Meanwhile, we are told that Sir COLIN CAMPBELL was at the head of 22,000 men, a force "amply sufficient to reduep nude to o n ti ro months to come." This statement confirms our expressed opinions on this head, and it is more than likely that Sir COLIN will find it advisable to retreat to Bithoor and Cawnpore to await the arrival of further reinforcements. Our loss in the sanguinary conflicts which ended in the res cue of Lucknow must have been very great, and will require to:be replaced. The rebels are known to have been in great force in all the fortresses around Lucknow, and, if a precipitate advance be attempted, it is just possible that Sir ComN's retreat may be cut off, and the most serious consequences fol low. A. hasty advance to the relief of Lucknow was imperatively demanded; but, as that object has now been accomplished, we do not expect to hear of any further advance into Oude until a much larger force has been collected at the scene of action. When we get the details of the news already received, we may have reason to change our opinion. It is certain, however, that our loss in getting to Lucknow has been extremely severe, and that to keep up an army of 22,000 men in the fi ld in India will cost us a regiment a week; and if we are told on authority that the subjection of Oude is to occupy some months, the Home Government should look in time to the supply of this heavy draft on the numerical strength of our Indian army. Tan eyes of the entire nation are fixed upon he Bank of England. All classes expect an mmediate reduction in the Bank's minimum rate of discount. This expectation arises from the facts disclosed in their last weekly return. In this we find that their active note circulation has fallen 3 709,29.51. below the authorised basis of their issues. Their credit-paper issues of L 4,000,0001., and their stock of bullion on hand being 9,450,8551., gives a total of 23,450,8551, whereas their actual circulation only amounted to 19,643 560/. The general features relied on in the banking department, as the standards of stability, exhibited an equally satisfactory result. The Rest showed a profit of no less than 30,9141. for the week, which, coupled with a decrease in the circulation of 499,2101., a total of 6,944,3521. of public deposits, and a reserve of 5,446039/. of unemployed notes illustrate the marvellous perfection of banking restrictions and usury combined. Lord OVICRSTONS could scarcely ask a higher range of profit for seven days' work, or a more rigid adherence to the doctrine of restriction, than that which we find under the head of "unemployed notes." The idea of any bank being allowed to demand ten per cent. for money when it has 5,446,1391. of legalised CIIARLICSTON. 'Gondar Alarengo Laconia Royal Victoria . Helois NZW YORK J. Morton . . Fidelia TOTALS. New Orleans Galveston .. v[obile Savannah . Charleston . New York . The business done in the Liverpool Share Market was very limited to-day. Still prices were maintained with some firmness. The following were the transactions:-Birkenhead, Lancashire and Cheshire, 69; Blackburn, 91;•Caledonian 4r; Chester and Holyhead, 17,1; Lancashire and York shire, 931, 93,1- ; Do. £0 shares, 3 316 p; London and North Western, 961, 96*; Do, one-eighth shares, 1 d ; Manchester, Sheffield, and Lincolnshire, 391; Midlands, - 883-, 881- 81; North Eastern ; 23*, 24, 234, 24; Dovers, 201, 201, 2C, 20 3 4 ; Grand Trunk of Canada, 11 1-16. tlB ; Great Lutembourg, 74 ; Liverpool and London Fire and Life, 7 13-16 p. The .following were the closing prices :-Blackburn; 91, 9 ; Chester and Birkenhead, 68, - 69; Caledonian, 44, 41+ ; Chester and Holyhead, 171. 17+ Eastern Counties, 11/; - East Lancashire, 911, 021;' Do. 91. Shares, par, p ; Great Northern, 24, xd 241-; Do., A, 91 ; Great Western, 54i, 55 ; Lancashire and Yorkshire Stock, 932-, 9-3 , 1; Do. 9/. eleareseet,l P ; Liverpool, Crosby. and. Sontleport, 181, 181 ; London and North Western Stock, 961 96; Manchester, Shef fi .del, and Lincolnshire, 391 30;- - ; Midland Stock, 881, ; North British, 121. 122; North Staffordshire, 3-1, 81 d; North Eastern -Berwick, 2313-16, 2315-16; York and North Midland - , 411 411; Leeds Capital Stock, 26, 261; South Eastern, and Dover, 2011. - -16, 20,1; Buffalo and Lake Huron, 6+, 6 ; . Do. New Shares, 61, 6 ; Dutch Rhenish, di,. 41 d ; Great Western of Canada, 191, 19g; D. new shares, 12-, 1 d ; Great Luxembourg, 7 3.16, 7 5.16 ; Grand Trunk of Canada, 11 1-16, 111. The Globe says not only must- the 2,000,0001. over issue of notes be withdrawn before the Bank can - make any reduction in its terms, but allowance must be made for the effect of the payments of the dividends early in January. A delay of a week is, therefore, considered. not improbable, as Money is now worth 8 to 9 per c en t i n Lombard-street. It is not presumed that an alteration will be confined to one per cent. Even if two per cent is taken off the rates out of doors are likely to be adjusted 6 or 7 per cent. The supply of Money being large, and the inquiry less active, the competition that will probably arise, may soon cause a remarkable change in the general appearance of th 3 Money Market. Another of our London cotemporaries of this evening' says, that the result of the weekly court at the Bank of England to-morrow, is looked for with much interest. It is universally felt that -a reduction of two per cent. in the bank rate is imminent. The interests of the speculators in the Stock Markets would be best promoted by' an immediate reduction to that extent, but the more reasonable expectations of the public will propably be - satisfied if the Directors lower the minimum rate to nine per cont. to-morrow, and to eight per nee. t h e_cenee - i , avelereaeereaueleatio n is evi dently demanded by public opinion, and as the position of affairs at least warrants a reduction of one per cent, to-mo rrow, i t i s hoped that the Directors will not delay the alteration. The demand at the bank continues light., and from the magnitude of the repayments to the establishment, its " reserve " must now be largely increased. The amount of gold purchased by the Bank yesterday was about 208,0001, chiefly in bars and United States coin, toge.her with some coin From Russia and the Levant. In addition, about 150,0001. in sovereigns on the Africa, from New York, is stated to have been sent into the branch of the Bank at -Liverpool. The total stock of coin and bullion is calculated to be now approaching ten and a half millions Sterling. The return last published stated it at 9,450,8551. In the Discount Market the current rate-for good bills is about nine per cent., but numerous trans actions take place as low as 8 per cent. When the Bank reduee their terms, the rates in the open market will probably be still lower. The downward movemout in the value of Money on the Continent seems to have fairly set in. Private letters from. Paris express an anticipation that the Bank of France will reduce the rte of discount to 5 per cent. at the end of the year. Gold is still flowing into that establishment from the Levant and from other quarters. At Berlin on Monday the Bank of Prussia lowered the rate of discount to 61 per cent. At li am burgh first-class bills are discounted at 4 to 5 per cent., and the new Exchequer Bills at 4 par cent. In the Market for the Public Farads and Securi ties, this morning, there was a firm feeling, but afterwards a degree of flatness set in. In the after noon, the news of the relief !of Lucknow caused a slight reaction, and Consols closed firmly at 93,1-. The London Railway Share Market remained dull all day, but we do not notice any decline in prices. The closing quotations were as follows:- Caledonians, 81i,. 82; DUtch Rhenish, 41, ; Eastern Counties, 111, llg ; East Lancashire, 91, 93; Edinburgh and Glesgow, 61, 62 ; Great Northern, 071 ; Do. A, 82, 83 ; Great Western of Canada, 19+; Grand Trunk of Canada, 431 7 41+ ; Great Southern and Western, 97, 98; Lancashire and Yorkshire,93_l, 931; London and North Western, 961, 96+; London and South Western, 931, 931 ; • Leeds Northern, 511, 521 ; Manchester, Sheffield, and Lincolnshire, 391; Midland Stock, 881, 89; North British, 491, 50 ; South Eastern and Dover, 081, 69; York, •Newcastle, and Berwick, 951; York add North Midland, 831, 83k, A number of small failures continue to be announced from day to day. Yesterday the acceptances of two houses in London were re turned, viz , of Mr. Pinto Baste, Spanish mer chant, and Mr. Van Specht, foreign merchant. In ea.:711 case the liabilities are understood to be , PASSENGERS PER ATL&NTIC.—Mr. Rodgers, infant and : child; Mr. E. Criquiilion ; Mrs, Morton; 111-. F. Hoffer . man; Mr. A. Hofferman; Mr. De Omar; Mr. A li..ilianyi ; Mr. 0. Graham ; Mr. A. R. Chisholm ; Mr. G. F. Dale ; Mr. E. H. Jones ; Mr. and Miss Gardner; Mr. A. Pillontant; Mr. A. Stocitel ; Mr. S. Gaunt ; Mr. Gardner ; Mr. Allen and two sisters--22 passengers, and £7,400 in specie, REDUCTION OF INTEREST Ott DEPOSITS DT THE JOINT STOCK BANKS —At a mating, ou Tuesday afternoon, of the Committee of Joint Stock Banks, it was UnglliMOUily agreed to recommend the respective boards to reduce the rate of interest on depsits to six per cent, per annum, and that the measur e now only awaits formal confirmation on the part of each establishment to ba forthwith acted upon. Tuz RUSSIAN ANEISSSADOR —The Times says, the ap pointment of an Ambasaador in the Cxtrt from the Emperor of Russia, in the portion of Baron Brunow may bo regarded as a political fact of SOlll3 significance. The rank of Ambassador has ii3t been conferred on a Russian Envoy since 1839. The return of Baron Branow, with the highest rank that can ba held by the Envoy of one country to another, may be regarded as strong evidence of the friendly disposition of the present Emperor, and of his just appreciation of the interests of the twQ Oonntries„ MONETA'RY AND COMMERCIAL. LIVZRPOOL, Wednesday Eveaing. The Cotton Market remains very firm, with a fair amount of sales. To-day, fully 6,000 b; changed hands, at extreme priees. The am mint o, C, t .on known to be at sea, as per New York Shipping List of December 9, is 63,377 bales. The following are the particulars : NEW ORLEANS. Enoch Train .. 545 S Marquette ....... .... 3737 Cicero . . Marcia Greenley Dorcas Prince 2009 K s,te Banter S. G, Glover Kevisige Arno Evening Star ..... ... 2114 Oswego • . 2333 W. L , rd, Jan... .... 4631 Perthshire Lencothea , . 3134 1921 2038 2065 2105 43396 tLVESTON. S. F. Anatin MOBILE. City of Mobile SAVANNAH Florida 1380 5302 3066 9282 TELEGRAPHIC NEWS. ITALY. NAPLES, DEC. IS. The process in the affair Sapri is terminated, but the sentences will not be pronounced until nett month. There are 123 accused persons, but only one will be executed, as the King will pardon others, or commute their punishment. DENMARK. COPENHAGEN, Dec. 23. The Danish Chambers were prorogued to-dal. The Supreme Council is convoked for Jan. 10. FRANCE. PARIS, IVEDNE3DLT NIGHT. The Three per Cent. Mentes have touched 681 . 4 and closed at 67f. 95e. THE BALTIC. CHONSTADT, DEC. 12, The strong current had carried the ice out to sea, and there is now open water in every direction• INDIAN NEWS. THE RELIEF OF LUCKNOW. LONDON, WSDNESDAY • ALEXANDRIA, December 19th, 1857.—The Pekin reached Suez this morning, bringing Bombay dates to the 4th of Decembar, 1857. Sir Colin Campbell having reached Cawnpore on the Sad of November, was joined by the force at Alumbagh on the 21st (query' 11th): On the 23rd (query 13th), active o?erations commenced, and for the following six days there was a constant series of severe and bloody struggles with the enemy. On the 21st, their principal strongholds having been captured, the beleaguered garrison was relieved. On the 20th the sick and wounded, ladies a nd childrer, were sent back, under an escort, t) Cawnpore. The army, under the Commander-in-Chief, now amounts to about 22,000 men,—amply suffi ;tent to reduce Onde to entire subjecion, a task which .will occupy them for some months to come. The MAlwa field farce, under Brigadier Stuart, has relieved Nusseerabad, dispersed the Efriahib2ore and Mundesore rebsls, and is_ now clearing Melva of the insurgents. The flying columns under Brigadier Showers, Colonel Colton, and Colonel Tiddle, are scouring Rohilcand, complete success attending their operations everywhere. Large masses of European troops are reaching India weekly, and we are relieved from all alarm for our garrisons and outposts lately in much eminent peril. The Governor-Ganeral. and the Governors of Madras and Bombay, were at the seats of government. The above message reached Malta by her Majesty's ship Coquette. Next mail on the 23rd December. LORD LYONS. CANADA. Of all countries Canada has reason to be proud of two things—her banking institutions and her system of national eduoation—subjects which are not yet mastered in E* land. The chartered banks of Canada have wealth fimlt nas prdgrilssed mo re rap id ly i n the ratio of wealth and population than even the United States. The causes of this solid progress are ascribed by authorities who have studio l the history of this advance, to the natural re sources of the country and its new commercial geographi cal position, since the spread of population in the Western States of Michigan, Wisconsin, and Minnesota, and the projected connection by ineana of the Grand Trunk Rail way with the Eastern Stares of the Union at Portland, the most con - imodieus harbour in the United States, which makes Canada the middle piece of the whole frame-work through which the vast trade of the West with the sea board and Europe must eventually pass by water and railway, so far as the capabilities of both can accommodate it. When the Victoria Bridge at :Montreal is completed in 1860, the line of transit will be the most complete;in the world. Some idea of the magnitude of this work may be formed when it is compared with the Britannia Bridge• its length being five times as great, and yet the cost, spread over the whole railway mileage, wiil not be mere than £lO,OOO per mile. But, for the settlement of the Western: States, Canada would have ratnained.a cal do sac, and might have been left for years without a Trunk Railway or a Victoria Bridge, Prom the trunk system the country is being. openel otat by municipal railways running at right angles, roa Is attract settlers, the forests are soon cleared, and thriving farms are the reward of labour. Tae bank charters in Canada are sufficient'," stringent in compelling specie convertibility of the note cir culation, but they have the power of suspending for 60 days without forfeiture of charter. This privilege, however, has never been exercised, except during the rebellion of 1837, when all the bullion was sent to Q tebec as a matter of safety. A bad harvest in England or Earope i 9 Canada's opportunity— w h a t cr i pples trade in 'EuroPe advances the prosperity of Canada aril the Western States in money. Every crisis in Europe has also tended to an exodus of the labouring classes, and 1 . 4 5`,1 13 expected to furnish a large immigration. This great traffic hag hitherto chiefly gene by th e way of New York, but ne xt year fully one half is expecte 1 to be diverted to tb e eastern ports of Portland and Qaebee, as the nearest and cheapest route. It is, indeed, a singular but remarkable fact that the capabilities of Canada have not hitherto been sufficiently appreciated or under . tood.—Lmcian Globe. PENINSULAR MAILS. SOUTHAMPTON, \Yr DNESDAf• The steamer Alhatnbra arrived with the Penil l : sular Mails, and specie value £18,073. The nen from Gibraltar wa s an ti c i pate d . At Lisbon, on t he 19th, fever was al - ating, but cases were very lent. Exchange, 54a. DARTNO GAROTTE ROBBERY.—On Monday afternoon. * daring fellow, known by the cognomen of Bils!on Bill, was Apprehended by Mr. Superintendent Radford, of Of Chesterfield borough police, charge.] with committing garotte robbery on the parson of Thomas Bray, a COf u „; wainer, at B ramp t on , near Chesterfield. May attetto' the Chesterfi e ld mar k et on a Saturday, with shoes, for 6.2111: and betwe en e l even and twelve o ' clock on Saturday he was returning home with a basket of shoes on his arm' when he was stopp d by two men, one of whom greV e k him by the throat, and held him whilst the other too eleven pairs of b oo t s an d s h oes from his basket, a nd . in money from his person. Bray struggled with Pl . assailants, and gav e an a l arm, but they had retrea ted ' His neck was muc h i n j ure I, and he bled profusely at do nose. Two p a i r o f t h e stolen boots have been fount' the posse ss i on o f t h e prisoner. Oa Tuesday moraiogm' • man named Thom as W atton, al i as Bilston Tum, a kee ps of a house o f ill-f ame i n Archer ' s Yard, Chesterfield as charged with this garotte robbery. The prosecutor, ' ° OO v iolen t , received, whose fa ce was muc h d i scoloured from the received, is a shomaker, living at Brompton, near Che field. Superintendent Ra3ford produced two pair of 1 / 3eit y, which ware identified by the prosecutor a 3 his proP mati The prosecutor said there were three men and a I°° bat connected with the robbery. HO did not sea there. gle one of them came behind him and attempted to ‘ l , st . r ii * :, it him. 'The woman made a 110i93 to induce a belie' ' d ' a d to was a mace drunken brawl. Th e pr i soner was „Diitt rain. Thursday. He said h 3 bought the boats from whom he could swear to if he saw him aP in ;,, t ity of prisoner's house was forte.' a gun, and a large qt, — ,„ the nets for poachers.--Thu maw strata before whom prisoner prisoner was brought comlimeated Sups:intendant oc, id ford, of the Chesterfie/dbo roug h 1' f r 01 3 °4 l r po ice, o woo ' he had shown in his speedy apprehension of the P fde the who is one of the most notorious fellows whic h 13.- neighbatirhOOd of Cheeterfiell, a littleln the IA 13w ni th e "8 w , r(1 .4 ? klaticho hlteratet treat the 11111 P s ,' eul eon,s° You 4 Y‘t _ ll4 4lth to r Ae nei may i s, a It. Me 13 13 4 p r 4 ° PPuse 414 we ' at pre ! We Put ti etas ti kes I°4 11 0%b, qui lied to die Cip g 4411\y°, ato p there *he ll you L t 'and 4Pitable W it a 1, It o ;" 1 " hil " build gard e 441 Pleast XI, int i i h tltt art its: % gh t ilku. t ecogi la g ti tul 4, old ttirnl ( to 3 aalUt Is * Mrld Od o t , reed( I 414 In tr, 411 c 1 g e ,1 11 r y a, k ile r iot gm 11 04 easie pP I: let t o tt d0, 1541 4e Bid Poun 4 4" aides ke) 13 3011 N. l l, sue 1. 4 ion °4lenlal too: I ng tl hi : 4 i4t eel( ki:r4l tQn hia k pL hi, "am% I,titeNbe e 41 f p h te. "t P ar 1 11: t4 ntly that After all 1 / 4 er ( C i e wor rfp, g a rn ko r W e al 4111 g w, " t B4 bstiti I ghtn e ss n th e tp le rteed n ose • th t . t'a hle: e S Peel l 84 '34 1 4 1)0! - Dead c ith vs /Ing:ti the -uteher ' 44 Do eftd. 1; 0 " dtl ek, P t i abo u ke ePrt a nblie