The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-11-13 00:00:00

THE MONEY QUESTION.

Tms is a subject which, however distasteful to
those who view it as dry and almost unintelligible,
must force itself upon public attention preparatory to
its discussion by the legislature in the approaching
session. There are far greater interests dependent
upon a correct understanding of its bearings than
many persons imagine ; and the influences which have
been created by the exceptional circumstance of im-
mense gold discoveries in California and Australia
must not be permitted to perpetuate an error in
legislation, which, but for such influences, would have
proved seriously detrimental. We need not impugn
the motives which actuated Sir R9BERT PEEL, in his

[NOVEMBER 13,_1855,

1

. — -
celebiated Ralik Charter Act ; we may eve /I
that the principles on which it was foundedo
some degree, justifiedly the state of thinglai
then existed. We have now, however, to de 1,
circumstances of an altered character, and tg•
for a necessity which was then unknown. '4:
which by its abundance rendered endurvo,
restriction, has stimulated an extent of e°''',4
both home and foreign, which has more than au;,
all the additional supplies ; and, besides tbis,„
now carrying on an expensive war, which retl7o,
our metallic resources, without being eriPPO
110
restraint upon the issue of notes, unless ace°,
by useless hoards, the more insisted uponw
are more required to be in circulation.
The question has acquired a degree of ialortio
from the fact of the Bank of France angled
supply of gold, by drawing largely on the
re'v
iee
England, in order to provide for the Oigeneofd
war. Our own Government has also needto
aid for a similar object ; but we have more
ere,
the subject as far as it affects our ol:L.1'3,011d
imposes needless restrictions and unjustifis,alect pi)
upon British merchants. The great groefl,
couraging a stock of bullion in the coffers wie le,
owcgsfutyooorrElliledskne,dingreoclxßafyacind is as a provision for foreign trader
. . ~,
aimrtpicelretsofeveexrpoerxtpebrytewihniacyh
bea balance e`,,
adJusted. ,6
tioeohspnn litvßeyfpßrorTnreaeciesilmodEuetEadshutefmottrphre
atnanaitrnlspst:ieloiser nntei,,ol
cat
ulhaassen:tdb:rs
isbl:64sisifftre;:b ere:e t, 4
dottorel !
will not be content without gold,--theprebeeo ky
becomesb necessary ; and it might inlfig. a PA°
provision for our foreign trade, bS `"- coffels,.
pulsory. But, unfortunately, for the " Wei
the system, it defeats its own paire:te.c• l't.c
the necessity for the export of gel' ore?
produced, whether by a teruPora*;;; Old; (
otherwise, the act comes into opera
the 0'1;1
the required export by compelling ,00,/
retained. The Bank Directors may L'atiltioll,y
all in their power to aid commercial ,°:felt,blll;
lighten the pressure when most severe' overe, Ir 2
are at once met with the law Wilititovee,ls/
hindrance at the very time when ng-.titeal,':ii
needed. To use a familiar illustration,.lo Sri
a man with money in order to be Prnri, 0."
emergency, and forbidding him lin"- ';''
ec'
stances to spend it.
It might be imagined that some pee aicill G,
was to be gained by the store of g°l4:"liilit to I'lt': )
to be
ntiihnitetyeosbject of the Bank Charter P'etlielluit'l
and this with the sole view of inspiring. tte°4.llF
inwteitghelcod.nfidThenicee
isinintlieoiroirveresPe;
sirable object ; but long before, an 19 el:1_1)e>
act was passed, the circulation has ti-a,oldF' 0
twenty millions, while the stock 1:4 uool°,.t
for all the circulation above fourteen, toill'e
surplus of three "or four millions be Oil'
tingencies or to beep within the verge.%) to tile,'
iisttoyr ir
dcotefiro n s
public, however, have felt no alarin, -1 polle:tv
vertibility of bank-notes, and need lee" f Ell'
conducted
such an establishment as the 33'nikb°013e.5/i'
nneece,sriset
th upon principles of conlulf,,ll, ar,
therefore, we must look to some °,,l'rorerc;:
grounds, and this can only be found jott, P,;lc
shall be said of the wisdom of a niet
jot 0
htoaviacncgomaplsiushPPtilYlisf,oll'e evi:sl:ll:,re
posesad a restraint upon export when it lilSeaiiii
imposed, based tillenr-the°.:,
upon the mercantile community in 1. 0 0";,11
creased rates of discount ? There 1_.,% de' 6:1
gained by the law which would not berm"; ,els
modation ; but, so long as
well by the operations of the &Ilk %tee': '
left unfettered as to their issues and e' Os sc'
back upon, they shelter themselves fro ot
: forest by r e t
plaints of the commercial al •4- re'
csi.ve nue- ,t
restrictions as an excuse for opPr" •i 7
Old 15 l'
It is a very common belief that g,,,e pnr"
convertible commodity available for
theL' cotlel''.
any commodity in any market, and .sacs
at once arrived at, that, therefore, it isibie, ;1
to maintain as large a stock of it as 13°55, it f 5,17
ference is in some degree correct, hav ie illts
the argument. Gold is of little intrinsititicii,
value is derived from the readiness wiilla it e001';
they have ,t Jo! , I
be exchanged for other commodities, ttifece ,
fore merely be considered as a represeTiiie tD:o'tt,.'
only so much better than paper that the i'iee,
is of value where there is confidence in 01,"
former is current almost everywhere. ,1 I e,1,1, ci''
therefore a necessity not only for the sillffocc),,,l;
our internal transactions, but also for 00 tP`iitct
merce. To restrain its use, however,' 0 rci)oef
purpose, with the view of possessing it `0"
one of those vain pretences which besrtetier,
policy of the Plantagenets than the b°l4svageil
ment of the nineteenth century. E$ the Po. Vs
naturallmyecatousien
jcuorrreet
requires more means for carrying it °l3',Doode;qt.)t
of trade as Exports or Imports 111;"o do
actlfofthsame iPerare liwaemreentreaisllytoanfaiyl
eahlustehe',°l;:: ":
II
of gold, but to attempt to restraia slie,,,•eo
shpeoncodimnmg efiruccetii3vviliiillettii:l,6:l
avowedly passed to sustain. ~ t ird
speculation were carried on ber",trei k.,
prudence, if liabilities were being ine-1407
reasonable hope of meeting them, he
ofd Y
have ample means within their po; to
the screw, by refusing acconnoodayfieltflt 0
channels. But, when it is a notoriona 'teat;
of the kind exists, that commerce got'd reA'
healthy state, that the demand fe7cgoaihe PLY
from causes totally independent ev'tilitiodt" iii
quirements, and that that demand, to I°,7lt°:
by any additional rate of inter& of P° 10/'
necessity for it exists, it is an al3o,s:la P°
the consequences of it upon those 11''
creating it. 6
,5.51),11).,1
It may be said that the difficult,' Pc;telti,.c',/,1
that there is no longer any fear of
that the '..6
m ercial credit is unimpaired, and All d 4
fast recovering their former value tide ;of
true, but it is equally so that at 11°,41 Isla'4,l
crisis,if it maybe so called, was there '',,,,d riere'A
or any real ground for suspicion of comae
e i f
nor any necessity for alarm beYonci ciiscoOtiti:
the rapid advances in the rate 0f cost °l,j,'
brought profit to the Bank at the y 0; /
cantile community. If the doger be 00'
are the fruits of it ? for the Bank ha', atte,•',
nounced any decrease of the iniinll.l:te e°)),(1
count, and if this measure of justice W:
lty, for,ri,
would in no degree lessen the neeessaio 01/4,1;t()
sideration of the law which afforaa c., 7,
and an excuse for such causeles tofore;i tbe ~
chants owe a duty to themselves, oe,o,
upon the attention of the legislature, 3•1:1, tlie'
since the progress of the war will reneno'ity, lii
to frequent repetitions of the same clifg 1
------------'------"""..1 la Os
, ~ •to
AN OTEULENT BEeGAß.—YeSteraap `0111.? i
looking man, who gave his name as Jamessoolo4l
before the Police-court with begging `914.11,e Atteil
taken to bridewell he was searched, when vg,'"l- his yip f',t
was found concealed in different porti°nsi.-q 10; All
The money consisted of £8 in gold, 'kedol 40 I;
6s. 3d. in copper-money. He was Nuclei,. tber.- 4
sentenced to be imprisoned for a 1n°1',,,,, 1 orde.,peef'
board and lodging to be deducted from l'i" j;
e inVil
STREET ROBBERY —A woman of forbidalte 'clir,
Catherine Barrett, was' yesterday broughtAlirqeo,li
court, charged with robbing a man anle," o-s, 'ti
ratherof 19s. The prosecutor who admitted Psstar,iiit;)
wanted
too much to drink, said that on ~ose f-ec!
Tanted to buy some tools, and for that Pnitoo nill
lane. Here he fell in with the prisoner, ,;vg,s ~
very much interested in his welfare, and Po'yfivo;oo;
tiated herself into his favour, she eased and Po iff
cash, amounting to 195., leaving him t°
at his 'e
portion of his wealth in tools, or liquors $
was sent to prison for two months.

zi-rj

CtLEBE

56,
_, '

NOVEMBER 13, 1855.3

cIEVRCEE ASSOCIATION.

lan
tbis,
eqflirj
TiPPI7,.
acco9i
a la°

forY
Oft 11
IP
tbe
ce ),
e
oet
der

XYBRIPOOL TVORKING MEN'S

•
CELEBRATION OF THE OPENING OF ST. COLUMBA'S
CHURCH.
Titt interesting ceremony of celebrating the opening of St.
oil , , Innba s Church, in Pleasant-street, in connexion with the
night Working Men's Church Association, took place last
night by a tea-party in the school-room beneath the church.
notwithstanding its 'spacious area, it was literally crowded by
a highly respectable party of both sexes ; and the refreshmelits
v/hie/I were supplied by Mr. Milbourne, of Clarence-street,
were excellent both in quantity and quality.
, After the
Sound the
"nd tEI
Rep e •
grace, sung by the whole party, and "
1,1, Il which was delightfully given by a few ladies,
'ue W. R. HUNT, in opening the proceedings, stated
that St‘ Cola Church had been raised through the meansilieb
/ the t:
n , Liverpool Working Men's Church Association, which
it'crevg its existence chiefly to the indefatigable exertions wof the
7'
r-Ir• Baylee. By means of small subscriptions from
alveekil,g
World
nweaer7
y 7 iiisaoomosunts from a halfpenny to twopence
additional
-year was raised for the payment
additional clergymen ; and, beyond this, they had been en-
and to Parchase the building in which they were assembled,
services of the
7,1 which, he hoped, might be permanently devoted to the
t
et st.
~,,
... Church oEngland. .
f They were in the district
have 4471°47 and but for a domestic bereavement would
aa the Rev. W H. Burton with them. He (the speaker)
he 411dettalten the charge of St. Columba's Church ; but had
he beens, Ware of the difficulties involved in it, he was afraid
He had laboured
airiest have shrunk from the responsibility.
wad had
('lll'ea Without cessation at house-to-house visitation,.t.
lie had f 11°1 Yet been able to go through the district , but
Wanted istlatr.,terat. 3' Who had never
..
been inside a church. They i
131°ItPaetora3 Pastoral. of their richer friends, and they wanted
Were few. 1. 1114'Ille harvest truly was ready,but the labourers of the 4 the course
of his
speech of
tngPepnlation of his Mr. Hunt stated, that
district 2,407 belonged to the Church.
off
d, and of the remainder, 276 were Wesleyans, -155
Ille
jterian'
831
It 4„ trianists7 .79 Jews, and about 310 belong-
Ihe7ther forms or dissent.
Willdsorev,,i?; PORI', inemnbent of St. Clements 'Church,
of the 1
steP fil.'l,--nuressed the 'meeting on the importance in
Which
tbelonging t°
W they had been liken in purchasing thebuilding
etin -
use ..q.
~._
wym assembled, and which had been a me:
St.g
the Wesleyans, and
4:41
with Curch, be hoped to see filled. I:shz;:cyhm,
1 With Alr 11 in which he had undertaken,
sympathised
and he ~._ • tint, the task laity vir 78 snre'he would meet with that assistance from the
fal inril would do so much to render his 'labours success_ -
7 not onl " • - making the schools,
both day it filling the church, bat m . much Rebools and Sunday-schools the instruments of
'"4 Rood.
It'e.._ Rev. ‘losti)n EITLEE, D.D., Trincipal of St. Aldan':
JeeZvA. trkenhead, next addressed "the meeting..
Ivest since, he had been employed as
Itheri.nreland, endeavouring 'to 'convert the Rom
to
do
the u
a missionaanriystisSi:entmlinLe
sake Ze eanle to this neighbourhood he endeavouredprotestgts
ilegi "'utile soon found that -thereltere
100 "ted for want of pastors.
sods ; and 'he
th 9erYmen for pule-don of 300,000 .
agree' in Liverpool more
eere were 'hut
thefleght the spiritual a interestsN a-those who did
lerst 41(laid not be neglected for those who differed fromithem•
"hi t before his brother
iertfter Year he brought 'this 'subject
made. The late
the n' but it was not -until the laity associated with
them la th s was
,e r -e work, that any: progress 4ise able Archdeacon;no such word as
had toldP :him he would not succeed in
• Wan ti 0 -but he knew
o establish :a col eg 7 ,
;;?°B3ible' a", in 1547,
, and Resisted the
St. Aldan s College was 'established.
4ks:ndents adfor their own educations()
been, v7fsigivePool`by pastorallisitation ;
to
houseful
d without one "farthing expense
„Llecrpool ; and
that' 60,000 had
aandred Were their visits refused, of
ce out a
were their visitsahat not in one instal•
arveai gzsen of Liverpool
Weer
vacatic"heY were 'invariably welcomed. Still the
and when they returned,
their
Own
spiritual made to thera •
Were deficient in -pastors, and an
„ ,_ to contribute something towards 1
that hOW Ife.„.. I:4l3lCtiOn. The appeal was so successful
weekly pewthan 'five clergymen were paid out of the
was to findneeerlheworlsing-men, and the next progress made
might state- that,
ebutelies where they were .wanted. He
e received ""at7 ron-7.110 clergyman in Liverpool had
such stead
ileet°r Caismi, Y and Consistent support as from the Rev.
Which the-I'7,T. Br. ihylee then described the terms upon
the transfert'll'dng'had ' been purchased; ',lie cost, includinget
to. b of -the .sehodis, being 24,500. This sum had .Y
lose,ebraised7 4int .he-had become liable for the interest:; I
work thee'w licit ' afraid of the liability, it was the Lord's.
tv,,,n,....__ "
"'re eoing;•and success waveertain. He received
„er3'tbiveelc more fovea-I'4le reports of the district, and there
r4"lll4ch ere,fere Innthqfround for hope. There was, however,f
ktheir hell) till needed, and he . relied on them not only Or
iefhpl)l,,a7ell3 'hut `-for their active assistance. Dr.• liaylee
tatebii. aundedlo the exertions made in other districts for .the
Chtflshlnent of separate branches 4:if the Working Ment
III: itles°ciatian, and concluded amidst cordial cheering.
7.5 Aklii.„ -v. 4 0112 C UTL3IOSE,
district , of
Secretary to the Gentlemen
fit• firY, described what had been `done in the
been
eon. telbsZetit, Toxtethltark, where a' large sum had
where
eels,,_ ards 'the building of a new church, and
fmu.
"'e additions had been made to the number o
o
vrt elli
b7ititeulett• °tiler gentlemen addressed the meeting, abnde
n'ssthoe.
Ob .I,l,?eregt appeared to be evinced in behalf of the
do
.so
i'neli s' Irgseli hail 'effected so much, and promised.
opia..
aatios -Ore for the Christian instruction of the working p
übseriP-
tic% °f. Li, ' It was supported by weekly s .
'4ll 83me".141e31 i " a farthing a week, and required.
'they
nartgb"sas'otwioaans to , add to its means of usenfulost
41,Deal '49 had edbacPribers of all -classes, and
.an
se:lof
the
44, 5c t.11;,.s Inade 'for inore,, in 'order that the designbe
mere
'',111)lalet'1117 and the intention of theluunders, should
41114 as Y„„,earssed. Several% of those present entered their
uacribers .and, , the meeting broke up.
1) 0 X
a _
(I
_2If,EN'S .Cl 2-12 IS TIA 247
4, 41, 441,5)s O'CIA,I7I 0 N.
. eet'
in
connexion with the above
Nelson-street.
t ''lght a bll c-ming
bye, Quo ' Pti Concert-hail, Lord 111.4,' Was held Ingle Con
0)41444: numerous Idtendan
my. ,
On the platform
.we
VP et'red tjterrY Horsfall, Esq.,
ee,.artd the chair was occupied
At' kw,
,e following gentlemen,
wvize.,:s--,h,Reßv. ds. Dr. M`Neile,
W. Wolseley, H.
Ittl3'7 I%ht, /'• A. West, J. R.
- Griffiths, T. Dawson,
&,.Yere .:allipson, C. R. Birrell, H.
tt' It..Al,_ll* R. Sutton, S. Minton; and Messrs. John Crop-
Q;.' 't 'es..",44aefie7 Thomas Matheson, J. A. !Fitton, Dr. Roche,
k " enster if Thompson, R. Houghton, B. Johnson,
Rawl. ' •
I'lle rf
4,14-B,_ , 'te. Sre.
The 4.1,....ee"tnie was opened with prayer; after which,
4N, .4,7. "ixkor, who, on rising,•was-reoeived with
.marked
'1.441
q.
sPPlatisei addressed the meeting at considerabblee
sair, on the objects and value of the association, which
01
the
assoeiatioonr
Ntvilleir
, was Most legiti ' '
'4 to, ;ether f mate in its objects—that of winging young
The great object
mutual edification...
4 Christi • ' B tO diffuse as widely ""'''''' former of
tli,, anrty and the sine of God. The
-so objects b ere
love
holy, the latter by
*.e.Thsiliethe spirit
04 eetiv e best manifestedlv a
principal point
ex„t, e and:
life. (Applause.) 14111ated in the present A rinestablishing
aid in lle 1.1,3' and . meeting was to
with
the association.
081.-41h1/41' reading-room in privilegesconnexion
f. which young men
W .4,
t.,,-.'verted to the many
operation of this as-
-o:eia;,‘ ,484ieiPate from the successful.
fA1441, tt:4, This would be more obvious when it was home in
theiebehalf, it was
1.,„ etis""fL' from the exertions used on
f' the duties
aAtl- 'nets ,ZiarY for. oung men to be relieved ram
1,7 or 4,7 e at a much earlier
hour than was the customt
hus
pii,7 Nears Years ago. Under the circumstances
must be
..Nily -,eBt4blished, the value of such an .
association
it it,-Zen7 and he' trusted would be widely acknowledged,advantage it - uenefit • • in by those for whose h
IN 8 participated
iktit, et's„lllere Particularly intended. The objects of sue
and
s 1-
Were now acknowledged as beneficial,
_. ed, d generally .
forward manfully in support
'r them, classes were coming.
ht refer to the
ik, • As illustrations of this, he might stleh (418 lectures given by members of the aristocracy to
Arch
.14stitutions. He concluded an eloquent address.. by im-
('ll •411 V en th •
that
list. . e audience the necessity for practising
k- latity which it was the boast of is
th' country to
4aess.
kr.
,„__
ke ,WIKI,AND, the honorary secretary, read the report.
,then
MtlsL
,_•`• 11- TARLTON, secretary to the parent . . tkt i.i7 the meeting, which he did at great length, pointing
41/414 !, ePecial objects for which the association had been
014 aeY instituted. In some respects it' differed
from the
11' ''''' liter institutions and mechanics' institutions..
i, 4.,
.5.• i ary
...
not the mere cultiva-
gott' 10 eet of this association was
14 oftile • ,
also at diffusing the
ossifies Intellectual powers—it aimed also Ate lies
ado" Christianity. The London Association com-
in their daily
Lut 1,500 members, who had access
ill:toss te about ten thousand young men,
I 4ence and thus the good
members.
ll eo,„ , was felt far beyond the circle of their own
tir,. 'Nolo
with much force and eloquence,
erg b: n, Mr. Tarlton,
'ith 4.,7'.8 hearers to promote in their own town —beginning
i—beginning
the • . .
, Aft, Individual hands—the objects of the association.
eel. , the •
•e, singing of a hymn, the Rev.C.
Ile red an d eloc,,_ a dress on the subject of Conscience,
upon which
11,01'untly dilated.
:,,ettedile°L; Dr. WNRILE stated that he had been deeply
,'Nres -'7' and had felt much interested in, the eloquent
dies, had
4,,,qt0 Which he had just listened. The advice which
ad Which _
upon the neglect of conscience had, he
blind. been indbl • upon them all—strongly re-
&_ ink y impressed ,.,7ottisli himself, as it did, of the language of Burns, the
ioiln to Poet, who, when writing—not of conscience, poor
' t Ile (lid not attend to its operations, boat of what he

called honour, which he invoked in powerful language. The
reverend doctor quoted at considerable length from Burns'
well-known poem, the " Advice to a Young Friend." In con-
clusion, Dr. M`Neile urged strongly upon the female portion
of the community the great services they could render to the
association and to society at large,. by using the influence they
possessed as mothers, wives, and sisters. He entreated them
to use that influence, and in doing so they might rest assured
that a blessing would follow their efforts. He advised the
young men to abstain from all amusements which they could
not invite their mothers, wives, or sisters to participate in.
At the conclusion of his address the reverend doctor was
much applauded.
A hymn was sung, during which a collection was made.
The Rev. H. GRIFFITHS then briefly addressed the meeting
on the necessity for prayer. In the course of his address he
dwelt forcibly on the Divine injunction to "pray always," and
gave many forcible illustrations of its efficacy.
The Rev. S. bliraort, on rising, was received with applause.
He stated his cordial approbation of the objects of the society,
and expressed satisfaction at knowing that it was making
such progress in this town, as was clearly indicated by the
large and important meeting now assembled.
Mr. R. A. MIME moved the thanks of the meeting and
of the association to the Chairman, and also to the different
gentlemen, lay and clerical, who lent it their countenance,
and in a particular manner to those who had delivered lec-
tures to the members. _ _ _

Mr. JonN CEOPPEU seconded the motion, which was
adopted by acclamation.
The Rev. V. M. WRITE pronounced the benediction, and the
meeting separated.

WAVERTREE BOARD OF HEALTH.

ME monthly meeting of this board was held last night
in the Public Offices. The chair was occupied by the
Rev. W. Badnall, and there were also present Messrs. Hal-
head, Hill, Anderton, Bradburn, Gore, Chaffer, and Rishton.
The minutes of the previous meeting having been read by
Mr. Atherton, the law clerk, they were confirmed.
The CHAIRMAN then called attention to the circumstances
of the nuisance on the premises of Mr. Fingland, which had
been so frequently brought under the notice of the board.
In reference to this sahiect, he read a letter he had received
from Mr. Whitley, on the part of the Marquis of Salisbury,
complaining of the nuisance, and requesting that they would
immediately take measures for having it abated. He ex-
plained that, on receiving the letter, he along with Mr. Davies
visited the premises, where they met with Mr. Fingland, who
stated his willingness to do everything that was necessary to
remove any reasonable ground of complaint. Subsequently,
he (the Chairman), in his private capacity, visited the pre-
mises, and 'there met Mr. Picton along with Mr. Fingland,
the formerof whom persisted in addressing him as chairman
of the board, which he disclaimed. In the meantime, however,
no improVement had been effected. la course of the day of the
present greeting he had had transmitted to him, by Mr.
Whitley, the copy of a letter addressed to hini the noble
Marquis, instructing him to adopt such steps by erecting a
barrierbetween the property of himself and Mr. Hope, if the
Boara did not immediately see the nuisance removed.
Several members expressed 'themselves to the effect that the
matter was one in which thel.aard could only interfere in the
matter in the ordinary way, by giving nafice that whatever
nnisance existed should be abated.
Mr. HA.LICEAD, after remarking that the business of the
'board was to deal with ihe nuisance in such a way as to cause
?its removal, but not to prescribe the exact manner in which
`that was to be effected, moved that the Law-clerk be in-
structed to serve a 'notice upon Mr. Vingland to have the
nuisance abated.; and that it be also an instruction to the
Law-clerk to comnitnikate to Mr. iWhitley the purkort of this
resolution, expresSing at the 'same 'time the anxnins desire
entertained by the board to have the nuisance abated.
Mr. ;Cua.rr•ntt 'seconded the resolution, which was unani-
mously adopted.
The CHAIRMAN then read a memorial presented by Mr.
J. A. Picton, in his Own name, And that of two ladies, who,
like himself, 'were owners 6f property in Olive Mount. The
memorial complained that the *ewer in that district had' been
made 23 tea deep, whereas a depth of seven or eight feet
would havebeen sufficient. This, it was stated in the mono-
rial, had occasioned great.adlational and unnecessary expense,
which could not be of any use or benefit to the owners Of the
property Tor a very long pekiod.
Mr. RtatTON said' he could not avoid thinking such a
reemoriiil was the last soft ol thing he should have expetted
from Mr.' Picton, on such a subject. That gentleman was
himself-v. member of the hoard at the time the works spoken
of hati'been undertaken, and took an active' hand in them,
having made several motions on the subject of their coreStrue-
tion. It came, therefore, with a bad grace from him to ,cora-
plaire of acts to whkh he was himself a„party. If he aid not
know the expense of the sewer, and was not conversant with
It iu all its details, ict was his own tattlt.; he had ample oppor-
tunits of becoming se, and he, therefore, ought not to en-
deavour to get out cif the responsibility attached to works to
the adoption of will& be was not merely a'consenting but an
acting party.
`-Several other members expressed "themselves. in a similar
,:strain. '

Mr. CirArrzn 'expressed his surprise that such a me-
unorial should have emanated from 'Mr: Picton; who 'was him-
iself in actual recci4st of benefit from the work of which he
-complained. He had had plans andsections of the, work sub-
,mitted to him .before it was begun, and' he concurred in it.
'To his mind, the memorial seemed the production of a dig-
Tontented man. If Mr. Picton-was dissatisfied, that he could
not sit with them, and participate in their deliberations, it
was no fault of any member of thaboard. It was his own in-
attention to the.duties of the board which had occasioned his
disqualification.
The CHAIRMAN explained that Mr.. Picton hdd•stated his
absence was -occasioned by no•carelessness of the• interests of
the board, but had been caused tby unavoidable absence in
London and der places on -business. The subject then
dropped.
Several-as-were ordered to te;paid, and after the transac-
tion of some routine business the meeting separated.

BODY or =dN INFANT Fotnrn.—Yesterday, the body of
a newly-borrrchild was found in St. John's churchyard by
the sexton. The body was enclosed in a small box.
CHILD SCALDED TO. DEATH.—On' Friday last, Elizabeth
Wilson, three years old, who resided with her parents in
Salisbury-street, was so scalded; by the accidental upsetting
of a tea kettle, as to cause her death on the following day.
Surrosro SUICIDE.—On Saturday night, a labourer
named James Forrester, who resided in Short-street, was
found suspended by the neck in his bed-room, and quite dead.
Deceased, who was about forty years of age, and had been
much addicted to liquor, had several times threatened that he
would put an end to himself.
LITERIRY•AND PHILOSOPHICAL SOCIETY.—A meeting of
this society was held last night, at the Royal Institution, Col-
quitt-street, the. Rev. H. H. Higgins in the chair. Mr.dlichard
Brooke was elected an ordinary, member. The. Rev. J. Bobberds
read an interesting paper on "Poetry, and its appl.ication to
Common Life;" which was followed by an animated discussion.
The meeting shortly afterwards broke ,up.
CHILD BURNED TO DEATH.—Onfruesday, the 30(14 last
month, a child named John Gilberteon, two years old, who
resided with his parents in Bell-street, was left along with
another child of three years old in the house by the mother
of the former. While she was absent the two seem to have
been tampering .with some paper and the fire, when the
clothes of the youngest caught fire, and he was so burned that
he required to be taken to the Southern Hospital, where he
died on Saturday night,
FRENCH TABLE VHOTE.—The lovers.of a good and palata-
ble dinner a la Francais will find themselves amply accom-
modated and gratified at the table tl'ldle of Mr. Morrish, at
the Merchants' Dining-rooms, Lancaster-buildings. At this
-establishment an adtnirable dinner of five or six courses, con-
.-sisting of soup, fish, and, made dishes, together with fowl, may
tbe obtained on the same scale as the celebrated three-frane
dinners of the Parisian restaurateur. Dinner-wines of a
light character and finediavour may be had it,la carte.
• LITTLE BRIGHTON, NUR WATERLOO.—On Tuesday last,
the new school, which has been in the course of erection in
this place, was opened with a series of most interesting ser-
vices. The building is in the. Gothic style, and, for its size, is
oneof the handsomest and most convenient edifices of the
kind- which we remember baying, seen. It, has can built after
a plan gratuitously made by Messrs. J. W. and J. Hay, archi-
tects,,Cable-street. The ground was generously given for the
purpose
d Thomas
wobyrkwas de
Eccles,ed, Esa
nqa, o
bfy whose. Li ttl e
erßerxighttoa,s, bylvhom
hmainly,
it has been brought to a suocesifakiasue, The building was
opened 'bye meeting in the morning, at hale-past nine o'clock
After
at whicb,the Venerable Archdeacon . Jones presided.
prayer had been offered for God'sblessing on the undertaking,
addresses were delivered by the Chairman, the Rer..George
Troughton,.the Rev. J. R. Conor Thos. Eccles, Esq.p. and the
Rev. S. B. Sutton. At one o'clock, a, IROSt substantial dinner
of roast beef and plum pudding, and several other good-things
of a like nature, was given to the children,.and• the workmen
employed in the erection of the school. At six o'cleek, there
was a tea meeting for the parents of the-children,, and the in-
habitants of the place. The admission was ;by ticket, hut both
entertainments were given by Mr. aid Mrs. Eccles, who.have
always shown such deep interest in the spiritual welfare of
their poorer neighbours. After tea, the Rev. Geo. Troughton
took the chair, and addresses were delivered by the Rev. Dr.
Hume and the Rev.. .S. B. Sutton. The proceedings through-
out were of the most pleasing and interesting lcind, and we
sincerely hope they will prove the commencement ofgreat and
lasting good. There is.still a debt of £l5O, and we hope the
Christian public will generously and speedily remove ft. There
was a large bonfire and a display of fireworks at the conclusion
,of the proceedings, which gave great satisfaction—especially to
the juveniles.
SOCIETY.—Ou Thursday, the first meeting of
the literary section of this society was held in St. George's-
hall, Dr. Thom in the chair. Dr. Hume exhibited an ancient
sheep hell, found near Holyhead ; also a crystallised stone
formed by the action of fire, resembling the basalt pillars for-
ming the Giant's Causeway.—Mr. Danson read some written
remarks, as scriticisms on Mr. Buxton's paper on the Saxon
element in our poetry, read on the Ist instant.—Mr. Buxton,
who had seen Mr. Danson's criticism, read a reply, supporting
the views he expressed in his original paper, and expressing
an opinion that the difference between hha and Mr. Denson
was more nominal than real.—Mr. Danson, in a brief reply,
admitted that he had misunderstood some portions of Mr.
Buxton's paper.—Mr. Denson read a paper on the area and
the increase of the population of Liverpool during the last 50
years. After tracing the increase of population in Liverpool
through the eighteenth century, he rejected the area of the
parish or the out-township as a basis for estimating the popu-
lation, and laid it down as a principle that the area of a town
increased with the increase of population, and then asked the
question, What degree of density constituted a town ? He
assumed an average density of 100 persons to the acre consti-
tuted a town, and a density of 10 persons to the acre consti-
tuted a suburb, and a density of 50 persons to one hundred
acres the country. He assigned the area of 21 townships in
Lancanshire and Cheshire as the area of the population of
Liverpool, and based upon the assumption of population before
stated, he showed by a series of figures the progressive increase
of Liverpool and Birkenhead, when the latter ceased to be-
come country, assume the appearance of a suburb, and eventu-
ally that of a town, remarking that the apparent decrease of
population in the town of Liverpool, or rather an apparent
standstill in the increase of its population, was caused by the
facilities of locomotion hr the present day, and the place of
sleeping being the place for which the census returns were
made.—A discussion followed, in which the chairman, Mr.
Boult, Dr. Hume, and other gentlemen took part, and the
business concluded.

SOUPS READY at TEN O'CLOCK.

MORRISH'S MERCHANTS' DINING-ROOMS,
LANCASTER-BUILDINGS,
TITHEBARN-STREET, LIVERPOOL.
HARE SOUP
I GIBLET Bd. TURTLE ...... 16. 6d.

COMMERCIAL and 'MONETARY NEWS.

MONDAY NIGHT.
THE Money-market during the week has presented,
on the whole, a favourable aspect, notwithstanding
that no reduction has been made by the Bank of Eng-
land in the minimum rate of discount. The fluctua-
tions in the Public Funds have been of an upward
character, owing to the increased confidence in mone-
tary resources, and the advance on the whole is nearly
2 per cent. Money for commercial purposes has been
in good demand, but at rates, for first-class paper,
somewhat below that fixed by the Bank of England ;
while on the Stock Exchange money has been at com-
mand for about 3 per cent. Another instalment of
10 per cent. on the British Loan of £16,000,000 will
fall due on the 20th inst., and three days after, an in-
stalment of 15 per cent., or £750,000, on the Turkish
Loan, will be payable. The late arrivals of specie have
been but moderate, but further receipts are expected
shortly ; and as, no doubt, preparations have been made
to meet the instalments on the loans, it is not antici-
pated that they will exercise any serious influence on
the market. The Bank of Dublin has announced an
increase in the rate of discount from 5 to 6 per cent,
and the Royal Bank of Prussia has raised the rate of
discount on commercial paper from 4 to 41 per cent.,
and the interest on loans, upon public funds, and other
securities, from s_to 51 per cent.

The returns of the Bank of England, published on
Friday, show a decrease in the stock of bullion in both
departments to the extent of £3,731; but as the de-
crease is, to a larger extent, in the banking department,
with an increase in the issue department, upon which
the amount of issue depends, and accompanied also by
a decrease in the circulation of £339,045, the reserve
of notes unemployed, which 'is the real surplus, shows
an increase, to the amount of £381,905, the public
deposits have again decreased tothe extent of £330,860,
owing to the payments on account of the government
exceeding the receipts, and there is also a decrease in
private deposits of £366,879 ; so that, allowing for the
decrease in the circulation of notes, there is ample to
account for the small diminution in the stock of bullion.
Another decrease in private securities of £179,052,
shows that the demand for accommodation is lessening,
or being satisfied 'from other sources; so that, on the
whole, the statement may be deemed satisfactory.
The total receipts of Specie during the week have
been about £200,000, and the whole of this has been
re-exported.
Much attention has been necessarily excited by the
rapid and continuous rise which has taken place in
Sugar, and the increase also in the market-price of al-
most every article in general consumption. An ad-
vance of threepence a lb. in the price of Sugar, with
the prospect of a still further rise, is attributed to the
shortness of stocks, the redudtien in supplies, and the'
continued large consumption. It is stated, however,
that.there is no want of supplies in the 'West Indies,
.which is kept back owing to 'the difficultyof obtaining
freights at a moderate late. Whatever may be the
cause, it is evident thdt higher prices will render ne-
cessary a larger amount of gold in circulation, and
account of itself for diminished stocks in the Bank
.coffers, so that if the restrictions imposed by the
:Bank Charter Act.be allowed to. continue, we shall be
burning the candle !fit both ends, by compelling the
retention of anseless 'hoard at the very time when the
gold is most wanted for its legitimate employment as
the medium of circulation.

We quote "the 'following remarks from Messrs.V.
and H. larrntrtAtE and Co.'s monthly circular :
Notwithstanding' the stri' ngeney,,cf the money market, a
fair extent of-business has been done in our different produce
markets duringthe past month. The article attracting most
'attention has been sugar, which • has taken a further rise of
12s. to 15s. per cwt. since our last circular, and this -simply
from the great deficiency in stock and expected arrivals for
the remainder of the year. During the last ten days there
has been a•general demand both from the trade andepecula-
tors, increasing in excitement each day, and a further ad-
vance of 'los. to 12s. has been established; at these prices the
impression-is, that we must have a further advance before we
tan receive anything like adequate supplies. The stock in
the four ports is only 62,000'tous, against 152,000; showing a
deficiency-of 90,000 tons, 55,000 of which deficiency is esti-
mated in L0nd0n,.20,000 here, and 15,000 in the Clyde and
Bristol. The consumption is progressing satisfactorily, not-
withstanding the advanced prices demanded by the grocers-
-50 per -ant. on moist, from 441. per lb. to 6d.—and will be
about on a par with the last-year. Molasses have,participated
in the advance in sugar, and good to fine West India are
worth/Bs. to 295. The London sugar market lime again ex-
cited yesterday, and a further advance of 3s. to 4s. was estab-
lished. As yet we have not experienced the fulteffect here,
but give the following as the nearest quotations of this date—
Fine Cossipore, 68s. ; 625. to 645.; white"Benares 58s.
to ,645.:, yellow date, 545. to 585.; Mauritius and West India,
525. to ,60s. for brown to 'fine yellow.

In: Manchester, the %market for manufactured goods
has'been in rather an uneasy state, owing. to the un-
willingness of buyers 'to give the advanced prices de-
manded, and which have been rendered necessary by
the rise in the raw material ; still there hasTbeen.a fair
amount of busines done both for the China.market and
kr Germany, and yarns, as well as manufactured goods,
arosaleable at improved prices. There is-a threat of
an extensive turn-out, owing to some of the masters
having given notice of a. reduction in thorate of wages,
a measure which is very naturally ,resisted at a time
when the price of ..all necessaries is so high, but it is
hoped that some arrangement will be come to by
NthiCh a resort to-a turn-out may be avoided. In the
'.Woollen trade there. is very little to notice, there being
a fair amount of business transacted, and prices re-
main without alteration. The Hosiery and Lace
trades are also steady.
The return from the ',Bank of England for-the week
ending the 3rd November gives the following results,
.when.compared with the previous week :
Public Deposits ... £3,369,984; Decrease... £330,860
Other Deposits ... .114694,200; Decrease -366,879
Rest ... ... 3,178,469; Increase ... 7,443
On the other side of the account :

Government Securities.. £10,201,276; Decrease... £127,679
Other Securities ...... 18,355,548; Decrease... 179,052
Notes unemployed ...... 4,644,465; Increase ... 381,905

he; amount of notes in circulation is £20,096,855,
:being a decrease of £339,045., and the stock of bullion
in both departments is -X11,299,634, showing a
decrease of £3,731 when compared with the preceding
xeturn.