The Daily Times.
Liverpool, Merseyside, England, 1860-07-02 00:00:00

COINIMERCIAL INTELLIGENCE.

Exchange on Loudon, 25i ; on Paris, 370 to
375; on Hamburg, 710 to 715. The exportation
of coffee, from the mouth of May to the departure
of the Tyne, amounted to 35,956 bags, of which
16,093 were for the United States, 1,068 for the
Channel, 6,030 for Havre, 5,500 for Marseilles,
and 7,258 for the Mediterranean. Good first was
quoted 65.50 to 66.60 reis. Stock, 65,000 bags.

PRIVILEGES OF THE HOUSE OF

COMMONS.

-

The Star publishes Mr. Bright's draft report.
The House of Commons is reminded that its single
resslution suffices either tolevy or disburse money
weeks and months before that resolution takes
the form of law. It is demanded whether the
Lords can have the power to prolong that. which
they have not the power to originate or alter ;
finally, the dignity of the Crown and the power
of the Commons are shown to be bound up in this
matter with the ancient freedom of the people ;
for where, it is asked, shall that ancient freedom
be found when the right to determine the mode
and sum of taxation is divorced from the repre-
sentative branch of the Legislature.
The Times publishes the report of-the Select
Committee. They have discovered cases whereirn
the Lords have rejected bills which went to,
repeal duties, although perhaps none of these,
cases seem in distinctness to come quite up to the:
case which has now occurred ; but they have,
found no precedent of any action taken by the
House of Commons upon any of these rejections.
The precedents, such as they are, are all in.
favour of doing nothing. This is all that cam
be dug up. So far as it goes it proves that
the usage has been uniform ; that the. Lords
have never been allowed to originate, and.
never allowed to amend, any bill impoSing or
repealing a tax ; but, whenever they have chosen
to reject such a bill, the Commons have submitted
to the rejection. This report only proves that, so
far as the law of Parliament appears in the action
of the two houses, the Lords really have within.
them the constitutional discretion which they
have just exercised. The committee produce-
these precedents, but offer no recommendation.
upon them. .

PROBABLE FAILURE OF THE RUSSIAN
LOAN.

It is said that no applications of any,iinpertance has
been sent in either frern the Stock ELchange or the
public, although the lists dose a two o'clock to-day.
Under these circumstances, the probability is that
Messrs. Baring will issue a notice, that the loan is, for
the present, withdrawn.

TUB weather has been very fine in Russia fret t 114.,
crops of flax and grain.*
A grand concert was given by the Sacred .Riarponic
Society to the French Orpheonists last night.
Sir George Pechell, the venerable member fox
Brighton, and an old Liberal politic iAn is dad.
The colonial produce markets during to e wee&
have not experienced any important change, and
a quiet tone prevailed at the close.
The French Imperial Band of the Grides had
the honour of attending yesterday at Buckingham
Palace, and performing in the Grand Ball during
the Queen's luncheon.

The complimentary dinner to the Orpheoniats.
take place at six o'clock to-day, at the Crystal Palace..
The contributions to this international festival pach
sum of more than 4500, and, large subscriptions arc
anticipated during the morning..
The inqiuest on the body of the Frenchman who
committed suicide in Uyde-park, aiew days ago, and
who, previously murdered his wife in their lodgings in
Oxford-street, took place yesterday. It appears that
after he had perpetrated the deed be made a confession
of what be had done. The jury returned a verdict that
he had committed suicide while in a state of inisanity.

GREAT NATIONAL RIVLE CONTEST.

The programme 4 the ceremony, of imAugura—
tion, to-day,. has, been issued. Her Majesty,
accompanied by the Prince Consort, the Primo of
Wales, and the other members of the Royal
Family, will arrive at Wimbledon. AddreasP&,
from the Council of the Association will bp,
to which her Majesty and his Royal, 4ighness,
will graciously reply. The bp.F.c cf the Guard,a
will be massed, within, the enclos.nye, The_Quecn,
will advance to the, firing ppiM, at 401:k yards,
range from the. target, when her Nkajesty will fire,
the first rifle, aud declare the prize meeting
opened. A royal salute of twenty-ohe guns will
be fired. The Voluntecrs, entered, to. compote far
the Queen's prize will be parckciecl lactlre her
Majesty. The competitio,n wijj be continued
daily during next week. The prizes will be
awarded on Saturday, July 7til.
The Times says ,
The association is yet in its infancy, and the experi-
ment it is about to try is quite a novelty in Ragland ;
but it has gone to work boldly, and are.—
%lb determined
that its first impression on the Pub.te mind shill be a
deep one.

We believe that a 'surprise awaits the pnblic in this,
gathering of tke volunteers—not
9,))13, from the novelty
of the but the eNt.ent of all the arrangements.
Every volunteer been ,n
to send a, certain
number of their. best shots, in proportion to. their force.
Every corps of 500 may send four ; those between WA
'3OO may select three ; those below 300 and above
100 may depute two ; those less than 100 may be repre-
sented by one. The Rrizes, to be shot for are twenty
Whitworth rifles, each of the value of twenty-five
guineas, 44(4 in oak cases complete ; the best shot
of the twenty will also receive the silver medal of the
association. The distance will be 300, 400 i, and 604
yards ; the rifle to be used is the lung Ufigbi of the
Goyernment pattern of 1853. Xach Competitor will be
allowed five shots at each of these three ranges; and
the prizes will he adindged according to the number at'
points made. All the firing is to bo according to the>
rules of the Hythe School of Musketry. There wilt
also be five money prises, one of £lOO, and four of £25
each ; these prizes are given by Mr. Gye, iu commemo-
ration of the Volunteer ball on the 7th of March last in
Covent-garden Theatre.

The winners of the 20 prize rifles, and the next best
20 shots, have another competition offered theca that willj
441.4
prove which is the best where must be'gcSioa,
.1 . l• 4
Majesty gives the grand' oil" git4eifs'irrize kido, to
the tA.Ssciiitidri. adds it gold 'Ns prize:
will bring ont thewdouble fiiit" df th,e. contest, as the 44
highest on the list.will'CulVl4*fox
at distandes'increa4d, 99) and I)9ACt Yara.g:
4°Nt: rA(l.o'4a gca cmckle-AccloA the part of the)
Association in the skill of the linlanteeti, or that kind or
courage that can dare failure for the sake• of gaining
experience. It is " open to all comers of all nations ; "
and nearly 200 crack shots of Switzerland have notified
their intention to enter the lists against our country-
men. There are four prizes of £2O, £3O, £4u,
thus open to the competition of the forefg4t;' mother
prize of .locl is gi-iea erhig' Itighnets—Prinee
Albert ; 'of 'Cambridge gives £5O to be
shut for with breach'-loading rifles at the longest rangea:
Altogether, the value of the' prWEi' will be abtive
£2,000:. • - •
"The igrootul selected for this trial of skid is•Wirable-
tion-eorome'n, close to the town ; the direetion of the
lines of 'firing 4u; of course, away irom it, across the
open plain. The work of preparation was begun a fort-
night'agq, but has heeu pushed on with double activity
in the last few days.
On each side of the main entrance to the enclosure
are the offices, under canvass, of the council, secretary.
and clerk ; tents for ammunition, an armoury, a labor-
atory, and (may it be useless !) a surgery. -These is
also a grand refreshment-tent ; Mr. Strange, of the
Crystal. 'Palace, has undertaken the duty of purveyer,