The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-11-06 00:00:00

within that narrow limit. Like his immediate predecessor,
he extended those hospitalities to illustrious and distinguished
strangers, and by securing their participation in such social
amenities with his fellow-townsmen, he spread the municipal
fame abroad, while he sustained its dignity at home.

Without intruding any invidiousness of distinction between
them and their predecessors, it is impossible to view the
mayoralties of Mr. TOBIN and Mr. Jonx Bucx LLOYD as
being other than in a considerable degree the counterpart and
complement of each other. The distinguishing features of
the former were the inauguration of St. George's Hall, and
the hospitality connected with the meeting of the British
Association for the Promotion of Science; thus extending the
hand of social fellowship to those who are illustrious in science
and distinguished by learning. The festive celebrations of
the latter have likewise in a great degree connected them-
selves with the same edifice. St. George's Hall has been thrown
open by Mr. TOBIN as a place of rational and elevating enter-
tainment for the people, that proceeding being inaugurated by
a musical festival in which even royalty participated. The
first public,meeting held in that hall was under the auspices
of Mr. J. Buck LLOYD, to set on foot a Liverpool subscription
for the Patriotic Fund. The carrying out of that noble sub-
scription in its princely munificence was perfected by Mr•
Tones. A more singular and striking matter in connexion
between this hall and these gentlemen remains yet to be noted.
The principal resolution connected with 'that meeting was
proposed in language of manly and thrilling eloquence by the
late venerable Archdeacon BaooKs. The last official act of
Mr. Tonix's mayoralty was to preside over a meeting at which
it was resolved to erect a statue to the memory of the good
man, in that same hall which had its echoes first awakened by
his eloquence, as he persuasively enforced the claims of the
widows and orphans of our gallant soldiers to public gratitude
and national protection.
Another and a valuable feature yet remains to grace the
mayoralty of Mr. TOBIN, and to distinguish it from all it
gre-
iecessors. During his tetmre of office the heretofore conilict-
'lug interests existing on the opposite shores of the Mersey
have been fused into aunty of relation ; the bone of 'conten-
tion between them has been removed, their interests have been
amalgamated, and Mr. Tones leaves to his successor on ex-
tended jurisdiction, With an abbreviated amount of anxiety,
augmented dignity, and lessened care.

CO.3I.3IE.RCIAL and MOIVETABr NETVS.

MOVIYAV NIGHT.
THERE have been very slight fluctuations in the
value of the Public Funds durinc, the week. Renewed
confidence reduced an upward° tendency, but some
absurd rumours towards the close of the week respect-
ing differences with the United States induced a
slight deoine, which was, however, of very. brief
duration. No alteration has taken place in the
minimumTrate of discount by the .nk of England,
-but money for commercial purposes has been com-
paratively easy, notwithstanding 'the preparations for
acceptances coming due the 4th (of the month, and
discounts for good paper have been about half per
cent. =below the Bank rate. There have been very
dight-alterations• in foreign 'ejmhanges, the intelli-
gence from the seat of 'war'has presented nothing ‘-of
parfitular importance, Cotton ihas been higher quid
Corn lower, so that upon the whole the week has
been quiet but satisfactory. 'By the Bank returns,
441/Wished on Friday, it appears that there was an
inertease in the stock of bullion in the week ‘ended
27th of October of L73,176.811u both departmettts, but
:.as only a small portion of is included in the issue
7ikpartment, an increase of T 64,155 in the mount of
notes in circulation has 'caused a decreasa in the
!reserve of £47,925, so 'that the Bank Mt is still
coperating injuriously 4 ;bite as since the amount was
'inade up there have been-some large receipts of specie
we may anticipate a -Still more favourable result.
The other changes in :the return are, a decrease in
private securities of Z 25012, and a decrmse also in
public deposits and 'Government securitiss, showing
still further payrnentwon Government weount..
To-day's nnes, initts city article, dated Saturday
evening, says :---

iofndetdhealsnomtihnehmy,
audra;notswoirtgthte°4 its
;:i sSalLasrdba7,ni ttiras'3.rai ii
being
' The liabilities falling due were extremely heavy, but thtehy.
have been met in a manner to confirm thexpinion thus far
confidently entertained of `the general soundness of trade and
the ability of the snereantile community' to meet without
alarm the peculiar pressure in the inoney-market. According
to the reports from theTrincipal banking establishments this
evening. the day ling passed off without zan unsatisfactory
indication of any kind. A great cliangevwas observable to-
day in the discountquarket. Money was comparatively
abundant, and the discount houses refusit: to receive further
sums at call. One ,df`ltein it is said, lent a considerable
amount on the StoOk-Eschange for a -short period at 4
per cent.
With reference *s the Curren,ey..rauestion, an able
writer in Blackirooders Magazine for this month says
A money-famine and consequent panic is setting in, entirely
occasioned by the absurd provisions of Sir R. Peel's Currency
Act of 1844; and AS -money is the sinews of war, unless we
set right the former, we shall never be able to carry on the
latter. A paralysis at home threatens to neutrshallalisfinde all
our-
our
successes abroad. if .we.do not takemare, we
selves in the position-of -a soldier who-is- choked by his equip-
) ment—we shall be strangled while we fight. Our currency
is made to depend upon gold in- so we
a fashion, that as
sovereigns go out of country, bank-notes are likewise
1 withdrawn from eirails.tion, so' that the drain upon the cur-
jrency of the countryis.doubled ; it-iilite lighting the candle
lat both ends. We ourselves. need to-export specie to defray
a
the expense of oar army abroad; • so does France; so does
' Russia. In fact, it is,na exaggeration to say, that t present
there is a general mill: among the powers of Europe to possess
themselves of gold. ?Well, although -our present currency
system is entirely based upon the retention of a large amount
lof gold in this country, that retention is not possible. If
other states wish gold, they can always have it from this
country by paying a .commensurate price for it. The 0011SO-
-quences of this to us,ifrnot wardedoffby an alteration of our
-currency laws, will bernin. The deadliest blow that Russia
.could now level at us, would be to .draw from this country
a million or two of bullion—even although it were to pay
tfor it at the rate of £5 or .£6 .or even 810 the ounce. In
,aur present position, each a step woe(' paralyse us at *nee.
jAnd can any one as yetroe sure that fmuch of the gold re-
cently drawn from this -country has ,not been so bought up
=:toky our adversary ? An-early ..meeting of Parliament is de-
manded by this great 'het easy overcome difficulty of OUT
position. It is a difficiilty entirelyartificial—it is one of our
-own imposing. An act.can unmake it as an act has made.
it. the present Premier be.strong in.apything, it is in good
:common sense, and in a power of - seeing readily in any given
case where the shoe pinoles. .Let :him show that quanta..
:now and, by so doing, sweep away thesole impediment that
eggis to a vigorous prosecution of• the war. It depends upon
himself whether the Conservatives .are :with him or against
him. If he act the part of an earnest, able, and patriotic
stritenan, he may rely oponit.that the gentry of England
:will, not leave him unsupported. Nor -Mill the country. If
.theieluence of extinct reputations ,he -still strong in the
House, and the coalitions of the peace party threaten to clog
thewheels of government, let Parliament be dissolved, and
let the 'voice of the nation decide ,upon _its future destinies.
In the present critical times, Parliament may meet ere a few
weeks.are over ; and in antieipaMon.of
. suel i.a meeting of the
legislature, the last words we -would ...say rtoithe Government
are--4t cabal prevail, dissolve ; and in any .-case repeal the
currency
_Laws.
These 'pping returns of the iloard of 'Trade for the
month of .'September have been •issued. The period
with ,whieh they are compared iu 1853 and 1854,
bang from the sth of September ;to 'the 10th of
Oaf ober,embraces 35 days. An addition ,of a sixth'
must therefore be made to the present iota to enable
an eatimate4o be formed of the relative,eroployment
of tonnage in the several eases. This .would bring
the aggregate :en tries to 709,224 tons, .and4he clear-
ances to 998,062 tons, shelving again a great decline
in the number ,of arrivals, but an increase iin the
departures suffieiepat_to demonstrate the :activity of
our export trade ;--- •

XONNOWIS ENTERED INWARD.
Month ending
Oct. 10, Oct. 10, - Sept. SQ.
1853. 1854. 1855.
...-552,216 531,604 351,43.47.
.:857,703 290,394 256,469.

British Vessels, ....
Foreign 'Vessels.. .

Total.„ ........ 909,019 821,998 607,906.
CLEARANCES DICITW ARD.
British Vessels .........462,807 476,588 520,33 L
Foreign Ve55e15........... 356,372 359,023 335,151.
T0ta1.......... 819,179 835,611 855,482.
With regard to the coasting trade, the tonnage
entered inward was 1,217,221 in the month ending
the 10th of October, 1853 ;in the same month of
1854 it was 1,316,086 ; and in September last it was
1,079,430, including 33 foreign vessels of an aggre-
gate burden of 6,516 tons. The clearances outward
for the respective periods were 1,321,700 in 1853,
1,427,804 in 1854, and 1,170,728 (including 5,272
tons of foreign) in 1855.
The return from the Bank of England for the week
ending the 27th of October gives the following results,
when compared with the previous week :
Public Deposits £3,700,814; Decrease... £124,177
Other Deposits ... 11,327,321; Decrease ... 436,759
Rest 3,170,726; Increase ... 9,633
On the other side of the account
Government Securities £10,328,955; Decrease... £306,404
Other Securities
Notes unemployed
The amount of notes in circulation is £20,435,000,
being an increase of £64,155, and the stock of bullion
in both departments is £11,303,365, showing an in-
crease of £73,158 when compared with the preceding
return.
Our SHARE-MARKET has been firm all week, with
a tendency to improve. Business has not been active,
and there is no new feature. The traffics continue
remarkably good. Local stocks, excepting Bank of
Liverpool, in which there has been a considerable
decline (having been done at 22), are very steady.
We annex this day's prices:---Chester and Birkenhead,