The Daily Times.
Liverpool, Merseyside, England, 1860-05-02 00:00:00

FRIDAY.

On Tridav next, the 4th instant, at Ilalf-pist One o'clock, at
the brokers' Office, 16, Emchageuildings,
300 Casks COTTONSEED CAKES
,
'per 'Ws'antis. Apply to
J. 11. RAYNER & CO., Brokers.

On Friday nest, the 4th instant, at Twelve o'clock, at the
Brokers' Office, 2, Dale-street,
167 Bale.. Bombay HEMP,
Quantity COIR YARN.
BROWNE, HUNTER, & CO., Brokers.

Apply to

On Friday AlWV:the 4th instant, at Twelve o'clock at Noon, in
the Brokers' Yard, 9, Canada Dock,
50,079 Pieces SPRUCE DEALS, containing 529 i Standard C.
3,942 „ DITTO ENDS, , 231 ~
WA Weymouth, from St. Stephen, 'New Brunswick. On
.I.ccountof Messrs. John S.
FARNW De Wolf and Co., Merchants.
WORTH & JARDINE, Brokers.

NEXT WEEK.

--------____ _
next, the 7th instant, at Twelve o'clock, at the - , •
•tfn Monday 1" • d • —.§.
Brokers' Office, 16, Exchange-buildings, ..: ..t•-• 4 .... E Flour.
2,200 Bags BORATE OF LIME, 4 2 8 , c., '''' .
lOTO liO = oi 4c o
landing ex 3larbs, from Iquique. Apply to Messrs. W. J. Lxvsnroot., --
Myers, Son, and Co., Merchants ;or to FROM Qrs, Qrs. Qrs. Qrs. Qrs. Qrs. Sks. Sks. Brls.
J. H. RAYNER & CO., Brokers. Ireland ll 2254 ... ... 218 1903 735 ~.
Coastwise . 200 ... 14 ... . . ... ... 106 ...
On wednesdav, the 9th instant, at Twelve o'clock, at Canada &c. ... ... ... ... 509 .. . ... ... _
the Brokers' Office, 2, Dale-street, U. States_ 111.1 ... ... ... ... 874 ... ... 10i5
50 Bales ORCHELLA WEED, Europe,&c. 8726 ... . ••• ... ... ... 11157 172
53 Casks GINGELLY OIL. Egypt
Apply to BROWNE, HUNTER & CO.,
Brokers.
INTO
Rnxcoux... ... ~. ... ... •.. ... ... 1036 ...
Ou Thursday, the 10th instant, at Twelve o'clock, at the _,— —— -- --
Brokers' Office, 2, Dale-street, Total 10037 11 2268 697 509i1092 1903 13034 1200
1,074 Singapore Tanned Buffalo MIDES,
4,700 East India ~ LEATHER DITTO. EXPOWTS TO ---•-• ------ - -- ----
For. Parts 22 ... ... .. 42 102 . . 129
Apply to BROWNE, HUNTER, & CO., Brokers. "
Ireland 3641 ... ... ...1.1 12221 87 1268 610
i.,, T,,perlnv rout 0,.Q.1, irta.on+ ~t 'Norivo nt,-.lnok at the Coastwise

tin Tuesday rext, the Bth instant, at Twelve o'clock, at the
Brokers' Office, 30, Exchange-alley North,
111 Casks
28 Barrels Plantation Ceylon COFFEE,
72 Bags
672 Bags Native DITTO,
now landing, ex Coniston and Evangelist, from Colombo. For
torthrr particulars apply to Messrs. C. W. and F. Shand,
:Nlerchants ; or to
SHAND, HIGSON, & CO., Brokers.

COFFEE.—The large public sales are going off
without spirit, but without showing any material
alteration in prices.
TEA.—The trade are buying for their immediate
wants very steadily to-day.
•
RICE.—The market is firm.
RUM.—A limited business done, at previous
.
rates. tj.4.t ; A
IS
SPICES steady. -; tr
ft 4 o,e
CINNAMON.—The quarterly sales went off at a,
reduction of ld to 2d on first qualities, and 2d to
3d on the lower kinds.

The following appeared in our second edition
of yesterday :
On the Paris Bourse an advance has been established
of 11 per cent. during the past month.
During the month of April the range of consols has
been It per cent. advance.
It is officially announced that the Stock Exchange
will be closed to-day, the Ist of May, according to
custom.

The Daily News says the amount of Vold remaining
to be disposed of is £546,000, the bulk of which is
expected to remain here.
The Herald, in its city article, says that yesterday
afternoon a rumour was in circulation that a Scottish
official of position had proved a defaulter, and had found
it desirable to absent himself from his creditors.
The funds opened with a buoyant tendency this
morning, which was subsequently assisted by better
prices tietta Paris, and further gold arrivals from Aus-
tralia. The full payment of the Victoria Debenture
Loan of £2,650,000 was effected without difficulty, and
the best bills were negotiated in the discount market at
4i to 4* per cent , while in the Stock Exchange, for
loans on Government securities, the rate was 4 per cent.
About £85,000 in gold was taken to the Bank to-day.
The shares of the Union Bank of London were quoted
this morning at 241 to 25!, but afterwards improved to
25 to 26. Later in the day, however, a reaction took
place to the opening prices.—Times.
The upward tendency of the stock markets was more
strongly shown to-day. The political intelligence from
the Continent presents no features suggestive of imme-
diate anxiety ; and the influx of gold to the Bank,
which will doubtless proceed to a considerable extent
during the present week, encourages a belief that a
reduction in the minimum of that establishment, to 41
per cent., or perhaps even to 4, may take place within a
week or two. The funds have attained a fresh rise of 1:
per cent., and closed with much firmness. In most of
the other markets somewhat improved prices were like-
wise quoted. The inquiries for good stocks by investors
are reviving. The payments on account of Victoria
Government Bonds caused a demand for money. The
rate for discount of the best short bills was 41 to 5 per
cent.—Daily Netvs.
In the railway market there has been an average
rise of 4 to 5 per cent. during the past month.
At Berlin, during the present week, railway shares
have experienced a rise of about 10 per cent.
The railway market has again shown firmness. The
closing quotations of British stocks to-night averaging
per cent. higher than on Saturday.—Timeg. •- •
The LONDON TALLOW MARKET to-day was
quiet, at the following quotations :—Town tal-
low, 55s 6d ; Petersburg Y.C., on the spot, 55s
9d; May and June, 54s 6d to 54s 3d; July to
Sept., 525; Oct. to Dec., 51s 9d.

The BOROUGH HOP MARKET.—TO-day there
has been a steady business doing in Weald of
Kent and Sussex pockets, at full quotations ; but
in all other kinds of Hops there was very little
passing, on former terms.
The following are the rates of Foraign Ex
changes :

Amsterdam, short ll 14 to 11 14
Do., three months ll 16 to 11 11
Rotterdam, do ll 161 to 11 16
Antwerp, do. 25 30 to 25 35
Brussels, do.. 2.5 3.5 to 25 37
Hamburg, do l3 5} to 13 5
Paris, short 23 10 to 25 17.
Do., three month.
Marseilles, do 2l 33 to 25 40
Frankfort, do ll7l to 1171
Vienna, do l3 43 to 13 33
Trieste, do l3 4S to 13 53
Petersburgh, do.
Madrid, do 491 to 491

THE DAY'S NEWS.

The House of Lords last night was occupied
exclusively with the discussion of the present
state of the naval reserve and our navy generally,
which ended in nothing.

In the House of Commons last night, the Stade
Dues, the Post-office Inquiry, and the Savoy Con-
ference were briefly alluded to. As in the Lords, the
state of the navy, and especially that of the Naval
Reserve, was the subject of discussion, but here
also it ended in: no definite resolution. A com-
mission of inquiry into the bribery committed
at the Berwick election, after some discussion,
was agreed to, and the prosecution of one of the
witnesses for perjury was directed. The other
business was little more than formal.

We don't know how it is, but everything
disastrous that occurs in these British Isles
appears almost invariably to be felt with greater
severity in Ireland than anywhere else,—or, at
any rate, there is always the loudest wail about
it there. The backward spring, the bleak weather
that has so long prevailed, and the scarcity of
fodder that has in consequence arisen, must of
course have done great harm all over the country.
Yet we have not heard any very loud complaints
in either England or Scotland; while in Ireland
they are already persuading themselves, it would
seem, that the country is ruined—all its lately
bright prospects utterly blasted for ever. No
doubt, if all we hear be true, there is only too
much cause for regret. " One party in Kerry
North," we see it stated,- " has lost thirty head of
cattle from the want of food. A farmer of
ordinary means, near Kells, in Inveragh, has lost
twenty-five out of thirty cows. In the neigh-
bourhood of Castleisland, the richest district in
the county, several cows have died, some from
inanition and some from attacks of disease, the
consequence of insufficient and improper foddering.
About Dingle, too, several cows have been lost.
In some instances the new much cows, which are
likely to escape the worst effects of the starvation,
are running dry. On every dairy farm the make
of butter is not half of what it would be in a
season of ordinary weather." We are inclined to
suspect, however, that these accounts are exag-
gerated. The Irish are ever prone to make the
worst of it, in times of trouble. But let us hope
they will now cheer up. The weather has at last
improved. Spring has now at length set in right
earnestly. The country will, doubtless, in due
time recover itself; and, as the season matures, a
gracious Providence will once more cause the
earth to give • its increase ; and thereby, with
wonted mercy,
" Spread a common feast for all that lives."

The whole interest of the Reform Bill centres I
in its treatment in committee. There has been
none whatever in the debate on the second read-
ing, or any result of the debate,—unless, indeed,
we could believe, from the cold reception it had
on every hand, there was a chance of its with-
drawal, as suggested by the Times. On the other
hand it is insisted by the more advanced Liberal
journals, that the Government being bound to
bring the question to a practical issue, no
obstruction to the Bill ought to be submitted to,
let alone any such course as its withdrawal
adopted. One of the London Liberal papers of
yesterday, however, is assured, it proclaims, that
a compromise has been come to iu the matter,
between the Ministry and the Conservative party.
" The nature of the alleged compromise," it is
stated, " is this, that Ministers and the leaders of
the Opposition have agreed that the borough
franchise shall be £B, and the electoral qualifica-
tion in counties £16." The idea of this is absurd
on the face of it. But the Liberals are at their,
wits' end on the subject, and would gladly, we
believe, have it compromised on almost acly terms.

If one-half the .rumours we hear be true, the
Coalition Cabinet must be in a rather disorgan-
ised, And therefore ricketty condition. just now,

A principal, if not the sole cause of this is said to
be the Reform Bill. The Premier himself hates
it, and would give almost anything to get rid of
it. But Lord John tads he-cannoi,if only for
appearance sake, all at once abandon his ugly
little-offspring. Mr. Glad Stone has lately found
a good excuse for keeping away frnm their broils,
in a most convenient fit of indisposition. Another
matter they have not been able to agree about is
the Postmaster-Generalship; and the Morning
Post now intimates, " that -. for the present the
Duke .of Argyll, the Lord. Privy Seal, will take
the dutieS of the Post-office in the absence of the
Earl of Elgin. This temporary arrangement is
made in consecinencesf an uncertainty as to.the.
duration of the noble Earl's absence."

The Anglo-French commercial treaty receives
a severe critical exposure of some of its most
palpable defects and most mischievous tender,
cies from the Times of yesterday :—" If there be
any Englishman," it is observed, " who places the
chief luxury of life in daily libations of the
sourest French wine, and who at the same time
pays no income-tax, let that gentleman stand
.forward and sing the praises of the Cobden treaty.
We know of no person otherwise placed who can
greet it with unconditional encomium,"—or,
indeed, as it goes on to show, with much enco-
mium anywise. To France and England both,
it is contended, the most unhappy consequences
have already arisen, and from the same cause in
both instances--ignoranee of commercial details.
"With the very best intentions, Mr. Cobden has
shown a lamentable ignorance of the interests
with which he was dealing. We by no means
attribute this to him as a fault. It could not
have happened otherwise. We should. search in
vain'throughout England for a man who has an
intimate knowledge of the details of every branch
of English commerce." This may, perhaps,
sound strange to such as have been accustomed
to regard the member for Rochdale as a
very oracle on all questions of trade. But
it is, they may depend upon it, literally
true, notwithstanding. " You might as well,"'
continues the leading journal, " set Mr.
Mechi to breed wild rabbits as commission Mr.
Cobden to decide upon the most expedient form
of an import duty. However, he was set to do
it, and he has done it ; and he has done it in such
a way that the Bradford Chamber of Commerce
finds he has hopelessly excluded all our English
worsted manufactures from the French market."
And why was he set to do it ? For the public
good ? No—but for a party advantage. The
whole design of the treaty was to propitiate the
Manchester party, upon whose support Ministers
well knew their retention of office entirely de-
pended. And with that view, and no other, they
chose Mr. Cobden to carry out their crafty device,
—with what mischievous results is already seen.
It is all, however, but the just penalty the country
has to pay for the accession to office of such a
Ministry.

IT was impossible to behold, as we happened to
do, the eager crowds that filled the streets in the
neighbourhood of the railway station, and to
know, as we did, that they had assembled to
cheer and to welcome the pugilistic " champion,"
without being impressed by such a scene as a
living indication of the love of Englishmen for
English bravery. For this, we verily believe,
was the real feeling that was predominant with
the very populace on that occasion. They exhi-
bited a sort of hero-worship—such as it was; and
"the god of their idolatry" was a prize-fighter.
But he was, in their eyes, on that very account, a
brave man ; and as such they admired, nay, adored
him with enthusiasm. The arrival of this their
hero was patiently waited for by the people for
several hours ; and when, at length, the train
that had the honour of conveying no less distin-
guished a personage than Tom SAYERS, " the
Champion of England," arrived at the station,
and he had been transferred to the coach that
was in readiness to take him to his hotel, such
was their reverence for him, that they could not
refrain from taking away the horses, and, as many
of them as could contrive to yoke themselves to
the vehicle, proceeding to draw him in triumph
through the streets. Now these devoted people,
be it remembered, were altogether of the work-
ing classes. They must have sacrificed, mast if
not all of them, at least a half-day's work—which,
of course, means a half-day's wages each—to the
interesting opportunity of paying homage to one
whom they doubtless considered worthy of it in
kis character as a pugilist. And they were
Englighmen all over, in thus doing honour to
whom, in their estimation, honour was so pre-
eminently due. The word hero is defined to be
"a man eminent for bravery." And here, they felt,
was a hero of the true English stamp. " Eminent
for bravery," popularly considered, such an one
must undoubtedly be. How could he, otherwise,
be a " champion "—nay, " the champion 9" And
here, again, it cannot be denied that he answers
truly to the lexicographic signification of the
term. Whether we take its definition as that
of a man who undertakes a cause in ,single
combat," or as that of " a hero," or of " a stout
warrior," or of " one bold in contest," he is cer-
tainly a champion. "In our common law," it is
recorded in certain text-books of jurisprudence,
" champion is taken no less for him that trieth
the combat in his own case, than for him that
fighteth in the case of another." So that either
way—in any sense—Tom SAYERS stands forth as
a champion; and one of the first water, too.

Now, as to bravery in such a case as this.
Bravery is courage. And surely no one can
question the courage of such a man as TOM
SAYERS,—the courage of standing up in single
personal combat for a period of well nigh three
hours, with one of, at least, equally herculean
frame as his own, and sustaining, and repelling,
a thus protracted series of attacks which not one
picked man in ten thousand could have borne for
probably as many minutes. This were indeed
" To bravely dare the danger nature shrinks from."
Not but that the saying is strictly true, that
" physical courage, which despises all danger,
will make a man brave in one way ; and moral
courage, which despises all opinion, will make a
man brave in another." It is in the first of these
two ways that Tom SAYERS is brave ; and it is
this bravery that has made him the idol of the
people, as the hero of the ring. We are not to
under-rate physical courage, in its proper sphere
of action, even while we admit the higher quality
of moral courage in its proper place. True
courage has been described as cool and calm ; and
this man, in its physical display, is certainly
both: he would never, but for that, have made
himself the champion he has done. " The bravest
of men," it has been well observed, " have the
least of a brutal bullying insolence ; and in the
very time of danger are found the most serene
and free. Rage, we know, can make a man for-
get himself and fight. But what is done in fury
can never be placed to the account of courage."
And even if we submit the courage of this
hero of the populace to so severe a test as
that which is here presented, we shall find that
he will stand it better, perhaps, than many have
done, of very much higher pretensions.

It is not that we are the advocates of pugilism,
—though we are free to confess that it is by no

means the worst of the isms of the times, whether
in a moral, a social, or a physical point of view.
If men must needs fight,—or, which is certainly
more rational, if men must needs defend them-
selves,—better, far better, assuredly, to do so with
their fists, than with deadly weapons. Compare
it, for instance, with the " challenging and fight-
ing with a man, called duelling ;" and most
unquestionably the comparison must be pro-
nounced to be in nvour of pugilism. It is not
the means that nature has given them, for per-
sonal combat, that, in the duello they are content
with ; but they must have recourse to weapons
the most destructive of human life—the most
likely and readily to inflict mortal wounds on
each other,—thus plainly showing, that it is not
aay act or trial of self-defence that is being
resorted to, but only the inhuman and irra-
tional resolve to avenge v. quarrel, or more

SPAIN.

MADRID, April 30.

Marshal O'Donnell has arrived at Aranjuez.

The Pays mentions, as a rumour, a proposal
said to have been made by the Count de Monte-
molin and his brother Don Ferdinand, to re-
nounce their Legitimist pretensions, and to recog-
nise Queen Isabella as the lawful Sovereign of
Spain.