The Daily Times.
Liverpool, Merseyside, England, 1860-03-16 00:00:00

Zitte Sitare atarket.

The Liverpool Share Market,,,,to-day, opened
with great buoyancy, and a decided advance in
prices was established,Dover, Midland, and Great
Western stocks being conspicuously good. Bir-
kenhead stock was again pressed for sale, without
provoking a buyer, thus the quotations for this
stock may be considered quite nominal. The
general tone of the market suddenly flattened late
in the afternoon upon political advices, 'and it
finally closed at reduced prices, and with a down-
ward tendency. Thee transactions included--
Caledonian, id, 91-a ; Eastern Counties, 11 5-16 I ;
East Anglian, 15t ; Great Western, 694 I,
Lancashire and Yorkshire, 1001 100
it; Lancashire and Carlisle Con. Stock, 207 c ;
London and
,North-Western, 98i t ; Man-
chester, Sheffield, and Lincoln, 42i ; Midland,
110/ 11 sa ; York Capital 5t00k,:761 ; North
Staffordshire, 3 7-16 d ; South Eastern, xd, 26t
7-16 d 5-16 I,- ; Buffalo and Lake Huron, 51 ;
Dutch Rhenish, 51-16 d; Great Western of Canada,
12; Manchester, Sheffield, and Lincoln Six per
Cent., 126/c; St. Helen's Railway and Canal
Six per cent., 125; Bank of Liverpool, 201 ;
Liverpool and London Fire and Life, 6 11-10 p
Royal Insurance, 51-cp ; Liverpool United Gas,
200.

The Share Market closed at the following
prices :

Sales after
Railways. Closing Prices. 1 o'clock.
Birkenhead & Cheshire Jn. 69 . 70
Caledonian ,
Chester and Holyhead
Eastern Counties
Great Northern• llO 112
Great Westerns -
Lancashire & Yorkshire .
London &North Western 98 981

Ditto 1-shares -16— 3il
Manchester, Shef., & Lin. 42 421-
Midland Stock -
North British
North Staffordshire . 33 —31 d
Nt. Eastern—Berwick .. 98 --= 931 93
Do. York and N. Midland 76 761
Do. Leeds Northern - 464
Oxford, W. &Wolverliptn.
South Eastern 26 3-16 ad 26 5-16 26/
Dutch Rhenish
Great Luxembourg
Grand Trunk of Canada 8 9-16 8 11-16
Gt. W. of Canada
Ditto new shares -81 d
Buffalo and Lake Huron sa 5
Lombardo-Venetian
Great Ship 9/6 10/6

Xiates freig4t.

The operations in charters for long-voyage
business have again been large. We hear
of two ships for railway materials to Calcutta, at
50s. and 5 per cent. ; two ships from -Wales to
King George Sound and Sydney, coals, at 475. 6d.,
and guano home, at 60s. ; a ship to Melbourne,
at about £3 10s. per register ton ; a ship home
from Calcutta to London or Liverpool, £3 55.,
good assortment of cargo. From Birkenhead to
Bombay, 425. 6d. to 455. Aden, 50s. can be done.
Salt freights to Calcutta are drooping, and not
over 40s. can now be obtained. To U. S. ports
rates remain about the same as last quoted, and
all the berths are abundantly supplied with
tonnage. The following are the rates of freight
for—

COAL : FROM LIVERPOOL OR BIRKENHEAD.
To s. d. s. d. To a. d. s. d.
Malta l4 0 15 0 Trebizonde
Trieste
Corfu l5 0 ... 0 0 Ancona
a,.
Varna
Gibraltar
Leghorn... nom. 15 0 ... 0 0 Naples nom. 16 0 ... 0 0
Athens
Havannah l5 0 0 0 St. Thomas • .nominal.
Cardenas
Monte Video ... 37 6 ... 0 0 Bahia 2B 0 ... 29 0
Buenos Ayres ... 37 6 ... 0 0 Cape of G. 11.pe 30 0 ... 32 6
Constantinople.. 16 0 ... 17 0 Pernambuco 2B 0 ... 0 0
Salonica IQ 0 ... 0 0 Galveston Rails.. nominal.

RIMS—BRISTOL CHANNEL.
To Galveston 2ss. and 4 per cent.
To Mobile (nominal)...2os.
To New York
To New Orleans 225. 64. and 5 per cent.
To Fernandina (Florida) Gd. and 5 per cent.
To Portsmouth (nomilial)...
To Savannah
To Havannak (small cargo) ...30s.
To Alexandria 255.
GENERAL FREIGHTS.

and 5 par pent.

s. d. s. d.
Liverpool to Aden : Coal - A 0
71 Hong Kong
Ditto from Wales 6O oto 0 0
Chusan 6O 0 to 62 0
1/ Ceylon : Iron 45 oto 0 0
„ Bombay, do OO (to 0 0
from the Clyde
19 Bombay :. Coals
09 Suez , 62 6to 65 0
„ Sydney or £3 10,3. register ton.
blelbourn.
„ Singapore
Galle
57 6 to 0 0
h). Shanghai
from Wales . . • 47. Bto O. 0
„ Calcutta : Salt without consignment4o 0 to 0 0
with , ditto 42 ,6 to 0 0
9/ Calcutta : Iron , 5O 0 Sr 5'4
Ditto, Coals
Ascension, from Wales
~,
Fernando Po, from Wales 3l oto' ti 0
Callao

PP
Flag Stones 35 oto 40 0
If Woosung
Liverpopl to Madras Iron &c. 455. to 505., Clyde 50s , Clusan 60s.
Do. Coals 425. 6d.
455. Gd.

---
Do. from Wales

Liverpool to Valparaiso for orders, to discharge these or at a
Port not North of Callao 335. to 345., sae: ships.
Liverpool to New York, Coals, full cargoes, 14s. & 5 per cent.
„ Moulmain 705., Teak to U. K. nominal.
Akyab, option of Rangoon, Bassein, or Moulmain, tc. U. K. or
Continent, 525. 6d.
Calcutta to Liverpool, 555., ditto on the round £4 .7s. 6d. to
£5, with option of London.
Guano from Chinchas to U. K. or Continen
Bombay to Liverpool or Loudon 355. to 30s. care
1-3rd cotton.
We are indebted to Messrs. Taylor, Tit
for the following rates of freight to the Um

t, 60.
o 2-:rds seeds,

per. and Co.,
:ted States :

Boston.

New York.

Phiadelphia.

s. d. s. d.
]5 0... 0 0

s. d. s. d.
12 6...14 0

Pig Iron, Bars,
Rails, &c.
Chemicals and

Fine Iron
Salt

15 0... 0 0
nominal.
10 0...15 0
12 6... 0 0
5 6... 0 0
£3 15s Od
Gross.

.14 6...15 0

Dry Goods...
Hardware
Earthenware
Passengers ..,

nominal. •
10 0...17 G
0 0...12 6
0 0... 5 0
L 3 5s Od
Gross.

Baltimore.

Charleston.

Pig Iron, Bars,
Rails, &c
Chemicals and
Fine Iron ....
Salt
Dry Goods
Hardwal c
BBrthen7are
Passengero

s. d. s. d.
17 6...20 0

s. d. s. d.
15 0... 0 0

00 0...20 0
nominal.
' 0 0...25 0
0 0 ..25 0
0 0... 7 6
£5 Os.
Gross.

20 0... 0 0
nominal.
20 0... 0 0
20 0... 0 0
0 0... 8 0
£4 Os

s. 1. s. d.
15 0... 0 0

15 0... 0 0
rominal.
0 0...15 0
15 0... 0 0•
0 0... 6 0
1 10s.
dross.

Ztt 6eutrai Vraktutt adet, -
The LIVERPOOL GENERAL PRODUCE MARKET,
p-day,hai been firm and moderately actve.
SuGA,hae been steady, and full pries have
been 'paid i 1,060 bags Jlaraiba are reported at
23s 9d, 2,600 bags' clayed at 3986 d., and
3,800 bags unelityed at 33s 6d per c7titomAhe

glit Z.grituiturat prabutt Sarket.
The Liverpool Agricultural Produce Market
to-day ruled at folloNVing prices :

s. d. E. d. s., d. s. d,
Hay, old t. t 1 0 to 1 1 Potatos, kemps 4 0 to 4 3
Ditto, new Oll ... 1 0 Do. Seedlings. 3 1 ... 3 3
Ditto, clover 0 11 ... 1 Do. whiterocks 3 5 ... 3 6
Green Clover 0 0 ... 0 0 Do. Balshaw . 0 0' .•.. 0 0
Vetches 0 0 ... 0 0 Do. Beldrums. 0 0 ... 0 0
Straw, wheat 0 7} ... 0 7 Do. cattle . .... 0 0 ... 0 0
Ditto, oat
Ditto, barley 0 0 .. 0 0 Carrots
Oats, in straw. 0 0 ... 0 0 Mangelwurzel 29 0 ...32 0
Potatos, flukes ?11 ..., 4 0 Manure 5 6. ... 7 6
,

LONDON, THURSDAY EVENING.
The Bank Directors have separated without
making any alteration in the rate of diScount. !
In the LONDON STOCK MARKET to-day there
has been no •featUre of importance, and 'Very
little business was doing. The general tone has
been steadiness, but in the more advanced hours
greater firmness became apparent, which 'has
resulted in a rise of 9 per cent. in COnselsi which
are now at 94* to, it, .for money, and 95 to a for
the account ; India Debentures of 1859 have been
taken at 914 ; Enfaced Rupee Paper, 991, and
the Five-and-a-Half per Cents. ditto, '105:
Exchequer Bills are 21s. and 18s. pm., large .and
small.

The Funds closed at the following prices :
Consols, -Money . .
„ Account . .
Exchequer Bills . .
Bank Stock. . . .
Three per Cents , Shut
The following appeared in a poition of our
impression of yesterday :

. . 941 I
. . 941
. 174 22

The English funds opened steadily this Morning, and
have closed it an iMprovement., The news that France
has resolved not' to execute the threat that she would_
leave Sardinia withcnit help tq meet the responsibility
of the annexationnf Tnscany.was a main cause of the
advance. The transactions in the foreign stocks have
been rather numerous, and the market generally,has
shown increased buoyancy. There was again no with-
rdrawal of gold'froni the Bank to-day,-Tithes."
A fresh improvement of per cent. took place to-day
in the funds, which closed .with firmness, Purchases
predominated, encouraged by tthe unanimity of the
electoral voice ,in
_Central Italy, and by the moderate
tone of the ministerial speeches in the House of Com-
mons last evening on the Savoy question, In `the share
,markets there was a general tendency to higher prices.
Bititish 'railw'ay stocks were particularly buoyant. All
the markets closed at the best prices of to-day. The
supply of money' in the discount market continues
limited, and no business is done below 4 per cent.—
Daily News.
The LONDON RAILWAY SHARE MAlllth to-day,
though not particularly active, was decidedly
firm in character, and some additional advance
has been established in prices. Great Northerns
are at 111-1 ; Great Westerns have risen a per
cent. ; Lancashire and Yorkshire, South Westerns,
Midlands, and South Easterns are about 10s.
higher per share.
The Share Market closed at the following prices:
Ambergate, Not., & Eastern Junctn. 61-
C*4111448
Dutoh Rhenish „ . .
Eastern Counties , . . . , .
L6*
).
East Lancashire
Edinburgh and Glasgow . . .
Great Northern llO 11'
ff If A
Great Westerns
Great Western of Canada. . .
Grand Trunk of Canada B4 1
Great Southern and Western . . ll3 16.
Lancashire and Yorkshire , „ looi g-
London and North-western .
London and South-western. . .
Leeds Northern
Manchester, Sheff., and Lincolnshire 424
Midland Stock llO4 14
North British
North Staffordshire
South Eastern and Dover . . .
York, Newcastle, and Berwick .
York and North Midland .

The following appeared in a portion of our
impression of yesterday :
Yesterday the railway market was buoyant the whole
day, and closed firmly at a further advance. The pre-
parations for the settlement show increased purchases for
investment, owing, partly, to the prosperity of the
manufacturing interests. Another reassuring feature is,
that no fresh creations of stocks to any extent are coming
upon the market. Great Northern A stock rose 14 per
cent. during the day. The ordinary stock also improved
1 per cent., and the other leading British' railways
to I. .
In the LONDON FOREIGN SECURITIES MARKET,
to-day, a moderate share of business has taken
place, at well supported values in each case.
Original Turkish Six ppr Cents. have been dealt
in at 801 and 80, and the New Sixes at 621 63
and 63k ; Spanish and 'Mexican are firm at pre-
vious quotations ; Dutch have improved to 66g.
New Indian Five per Cent. Loan is quoted firm

at 1041.

Canada Scrip is at 1 d to li pm.
Turkey Bank Shares are At to 11 dis.

French Rentes on the Paris Bourse were first
quoted 67f. 95r. . and subsequently 68f., with a
firm market.

The LONDON GENERAL PRODUCE MARKET f -

day was firm.

SuGAß.=This article continues in fair demand,
at the advance of 6d. on Friday's prices which
was paid yesterday.
COFFEE.—This article is very firm, with a fair
demand. A cargo of Bahia sold afloat, 545. 6d.,
and a cargo of Santos at 58s.
TEA.—The market remains steady, but the
demand continues limited.
RICE.—The market is firm with a fair amount
of business.

SALTPETRE.—The market is less active than
yesterday, which was excited by the information
of the report of an export duty equal to £6 per
ton being fixed in Calcutta, when refraction 7 per
cent. sold at 429:; refraction 5, at 445., which
are nominal prices to-day.
__SPIcEs are steady, but the demand is limited.
BRANDY dull of sale. Martell's, 58, 10s. Bd.
In other articles no Material alteration.
The LONDON TALLOW MARKET to-day was
steady, at the following prices :—Town Tallow,
55s net cash ; Peterskirg Y.C., on the spot,
58s 6d ; March, 58s 3d ; April to June, 55s ;
October to December, 535.

At the METROPOLITAN CATTLE MARKET to-day
the supply of beasts was larger than the demand,
and consequently several remained unsold. Prices
on the average were nearly the same as on
Monday. Trade was exceedingly dull for sheep,
although the market was not over-supplied with
choice kinds. Quotations were rather lower for
all kinds. There was a reduction of 4d per stone
in calves. The foreign supply consisted of 21
beasts, 120 sheep, and 127 calves. From Scot-
land, 50 beasts ; Ireland, 70 ; Norfolk, 300 ;
Northern and Midland Counties, 50. - Mikh
cows, 140.. n..: ll'

Per stone of Sibs. s. d. s. d. Per stone of Sibs. s. d. s. d.
Best Scots, Heref'd 4 6 410 Best Dns &a-bdsSh
Best Short-horns 4 4. 4 8 Best Long-w 0015... 5 2- 5 6
2nd quality beasts 3 0 4 0 Do. do. Shorn:-
Calves 4 8 5 8 Ewes & 2nd quality 4 2 4 6

Pigs . .
4 0 5 0 Do. do. Shorn —
Best D'ns Sri-breds 5 8 510 Lambs
Beasts at market, 960 ; Sheep and Lambs, 4,590 ; Calves,
168; Pigs, 150.

In hie LONDON MINING MARKET this morning
preparations for to-morrow'•s settlement have
occupied attention, and the transactions have
consequently been less numerous than usual.
Shares in Great Retallack, Wheal Unity, West
Basset, Herodsfoot, Stray Park, East Wheal
Russell, and Grambler and St. Aubyn mines have
been dealt in. In the Stock Exchange Stray
Park are' officially narked 29. There are some
inquiries for Fortuna Mining shares, which have
been dealt in at 3 and 31-. Cobre Copper are
marked 45.
The BOROUGH HOP MARKET.—We continue
to have a very moderate inquiry for all kinds
of Hops, neyertheless prices are supported. The
supplies continue rasher limited•

FRIDAY, MARCH 16, 1860.

THE DAY'S NEWS'
d
mlpno
rtthaen
tHdoeibi saet
eo f
tookL o rpdlsa,c
el aosni
tnhiegFh
rt ,e
nac long Treaty, ar
which occupied their lordships' attention to the
very unusual hour, for them, of two o'clock this
morning. Of colFse, as may have been antici-
pated, the address in favour of the treaty was
carried.' We are much mistaken if the solemn

words of warning so eloquently uttered by the
Earls Grey, Malmesbury, and Derby, as to the
disastrous consequences of the unfortunate
policy
,of the Whig Ministry, are not here-
after painfully recalled to memory as veri-
table prophecies of approaching dangers to
Europe, uttered it is to be feared amid much
indifference and unbelief, but to be realised, not,
we hope, when too late to avert the catastrophe,
but at a cost, we dread, which may cause every
great British interest to droop, and a whole
generation of our people to mourn the day when
Palmerston, Russell, and Cobden were themselves
induced, and persuaded an unthinking majority
of the Commons, to accept such a treaty as a sop
for their connivance at the unprincipled and
audacious aggressions of another Napoleon.
In the House of Commons last night the
Attorney-General introduced his bill to amend
and consolidate the laws • respecting Bankruptcy
and Insolvency in England ; and he explained
its principles in considerable detail. From the
summary of his statement given in our parlia-
mentary intelligence, it will be seen that he
proposes to sweep away entirely the present
cumbrous machinery of bankruptcy, and
gradually to substitute for. it a simpler and
less expensive system of adjudicating, as well
as of administering, in such cases. The Attorney-
General for Ireland obtained leave to introduce a
bill, the object of which is to extend the provi-
sions of ' the English Lodging-houses Act to
Ireland, and to explain and amend its provisions.
The House then wont into committee on the
Customs Act, and the Chancellor of the Exchequer
moved that from the Ist January, 1861, to the Ist
January, 1862, the hop duty should be 20s.
per cwt., and 15s. after the Ist of January, 1862.
Mr. Dodson moved, as an amendment, that after
January, 1882, the, duty should be fixed by
Parliament, leaving the question open, which, on
a division, was negatived by 138 to 104, and the
resolution was then agreed to. The resolution of
a duty of Is. per ton on foreign and colonial built
ships was alsd agreed to.

One of the Canadian steamships has brought
us later news from America. Among other items
of Canadian news, is that of the destruction by
fire of the residence of the Governor-General of
Montreal. From the United States we learn,
that, for the protection of the Texian frontiers, it
has been found necessary to withdraw two regi-
ments from Utah.

By later information respecting the melancholy
wreck of the Hungarian it appears beyond
doubt that no survivors exist. Only three bodies
have as yet been found. The shore is said to be
strewed with cargo and materials. Goods were
even drifting ashore at the mouth of Shelbourne
Harbour. The Government agent was upon the
spot.

Several causes are conspiring to create alarm in
Central Italy, notwithstanding the display of
courage which has just been given by the popular
vote for annexation to Piedmont. Should there
he no further obstacle to the acquisition 'of Savoy
by France, and the French troops are therefore
not at once withdrawn from Lombardy, no imme-
diate danger of an attack by the Austrians may
now probably arise ; yet there is only too much
much reason to apprehend that Austria will
watch eagerly for an opportunity to attempt
some reprisal upon the King of Sardinia, in
which his, Majesty's new Italian subjects would
be most likely to be the greatest sufferers. Then
there is the Pope's " bull," that is ready, it• is
understood, to be launched at Victor Emmanuel,
as soon as his troops march into Romagna. It is
difficult to say what may be the effect of this
missive upon the Italian population, whom it is
principally designed to impress ; but the King
himself is said to feel uneasy about it, and he will
not therefore immediately take possession of the
Romagna. It is said, we observe, that his
Majesty, acting on cautious advice, is disposed to
try a temporising policy with the Pope, in order
to bring about, if possible, an amicable negotia-
tion,—if not with the view of effecting a compro-
mise, yet of arranging with as little hostility as
possible the settlement of the revolted Pontifical
States. Austria, however, can scarcely be expected
to further, but rather to obstruct, any such object.
And the question may not improbably come to be
one of conflict between an alliance of Francis
Joseph and the Pope, on the one side, and Louis
Napoleon and Victor Emmanuel, on the other.
The reports of " the popular vote," as it is called,
in Central Italy, have continued to show an
increasing majority in favour of annexation to
Sardinia. The question, as we stated yesterday,
was virtually decided on Monday. In Tuscany
the numbers for annexation appear to have been
in the proportion of more than 200 to 1 ; but in
the Romagna it appears likely that it has been
as many as 2,000 to I—and this is a very signi •
ficant fact, when it, is considered that the
Romagna was a province of the Papal States.
The 'French governmental journals have so far
111 made no comment upon the results, from which
it may not unreasonably be inferred, that they
are not very acceptable in high quarters. The
Natinnal A czqemhlv at Ttigpanv has hoar,
for the 20th instant, for, the purpose, it is under-
stood, of framing a formal resolution, embodying
the result of the popular vote.

The Times asks, " if it is not worth while to
go to war to prevent the annexation of Savoy,
is it worth while to create bad blood and ill-feel-
ing between us and our neighbours by railing
about it ?" Perhaps not,—certainly not by mere
" railing about it." But neither, on the other
hand, does it become a great Power like England
to sit down in silent, submissive acquiescence under
such an outrage as that annexation will, throughout
Continental Europe, be considered to be. There
may be Manchester and mammonite reasons why
the advice with which the above query is fol-
lowed up should be adopted,—that our Govern-
ment, " while expressing their deep regret a.t the
course the Emperor has chosen to pursne, and
warning him of the ill effect it will produce in
Europe, should frankly accept the position, and
give themselves no further trouble, except to
obtain such securities as may render this spolia-
tion as little destructive as possible to the neu-
trality of Switzerland." This eating of " humble
pie "—this cringing at the behest of an Imperial
aggressor—may be a very convenient compliance
with, as it would doubtless be a very apt illustra-
tion of, the peace-at-any-price principles of that
school of political economists, an alliance with
which Ministers may have found indispensable to
their retention of office ; yet it cannot but lower
England in the eyes of Europe, and of the world,
—as it must assuredly proclaim our conscious
weakness, our loss of
prestige, ,and ~our o
be ursaid, of
ment ;—the consequences,
entrusting our national inteinteasytsit.to iberalism.
no
ig-theL influence
of a truckling and tim e-sers
a; last to have made
Louis Napoleon
"pe annexation q
short 'workuestion. He
with the
states,.. into a special
has entered, a late telegram
with the Ring of Sardinia, to have Savoy
Treaty
inunecTiately ceded to him. After the Treaty is
} •
t seems, the farce is to be performed
• • +.
Of 'an appeal to the municipalitiesmunicipalities,s
or their vote.
These arrangements conch}ded, the two contract-
ing parties will condescend to acquaint the Euro-
pean Powers with the nature and motive of this
territorial arrangement between them.
Our Government are still carrying out, upon a
scale of no ordinary magnitude for a tine of peace,
their plans of augmentation of the Navy. is
stated, that in addition to the vessels already .in
progress at Chatham dock-yard, orders have been
given within the last few days for six line-of-
battle and other ships to be laid down, as soon as
ever vacant slips can be found to accommodate

them,—thereby adding 20,000 tons, and 207 pins
to our already formidable naval resources. This
may be all right and proper enough. But
.it
scarcely consists with those hopes of peace, upon
the plea of promoting which Ministers are making
such very questionable concessions to the French
Emperor.

Arguing from the statistics now extant, as .to
the number of lower-class electors which the Ld
rental of Lord John Russell's New Reform. Bill
will create, and which will so evidently occasion
a transference of political power in our large
towns to that class of the people, the Morning
Herald calls upon us to remember, that it is not
with individuals we shall therein have to do.
'.' It is with a class, and that the most numerous
in our constituencies, well disciplined and

organised, firm and determined, and aided, perhaps
headed, by traitors from the other ranks. As
individuals, we honour, esteem, and admire our
working men. Their patience and industry and
fortitude under a weary life,' with ten thou-
sand hardships, amount to heroism ; but we cannot
trust them when acting in concert." " Our con-
temporary then alludes to their conduct on
occasions of " Strikes," to show their unreason-
ableness, their ill-advisedness, and their incapa-
city, when so acting. And there is another and
a different reason for distrust and apprehension.
" We all know the state of politics in America; and
that the respectable and educated classes abstain
from all part in these matters. How is this ? It
is a natural consequence of what we have before
urged. Can a man of fixed and high principle
veer about with every blast of popular feeling ?
Will a man of honour and conscientious convic-
tions change his sentiments with the fickle breath
of public opinion among the unlettered and
unthinking multitude ? These considerations, as
it seems to us, all point to one inference, and that
is not favourable to plebeian domination,"—the
domination which the Ministerial Reforin' Bill
will yet assuredly produce, unless the Conserva-
tive party in Parliament be strong enough to
modify and correct it.
We give a brief report, it will be seen,' in
another place, of an influential meetingiu
London yesterday, of the importers of foreign
and colonial produce, for the purpose of consider-
ing the amended resolutions of the Chancellor of
Exchequer affecting such produce. All the great
city houses, it appears, were represented at the
meeting, and several members of Parliament were
also present. The feeling of the meeting was
evidently averse to many of the provisions of the
Chancellor of the EXchequer's Budget, as 'likely
to prove most partial in their operation, as well
as to affect injuriously, in many -instances, large
and important branches of commerce. A petition
to Parliament, embodying their objections, was
unanimously adopted.

THE additional despatches relating to the affairs
of Italy, which have been laid on the table of the
House of Commons this week, are not calculated
to reassure the people of England as to the polict of
Her Majesty's Ministers with regard to France.
These des catches show, indeed, that Lord JOHN
RUSSELL, as Foreign Minister of England, has
continued to take exception on the part of lier
Majesty's Government to the French Emperor's
project for the annexation of Savoy and Nice ;
but they do not afford any evidence ofthailaving
been done in a manner calculated to have much
effect—as the result indeed is practically showing.
The sum and substance of the despatches may be
said to be a natural and reasonable inquiry on
the part of England, and an elaborate and inge-
nious explanation on the part of France ; and the
purport of all the explanation that is given could
only serve to convince our Government all the
more strongly, one would think, that Loins
NAPOLEON was bent upon an act of territorial
aggrandisement thus belying his own twst
solemn promise and profession, as given in his
celebrated Milan proclamationin-connection wit
the Italian war.

And it is not, perhaps, so • much this act of
aggrandisement itself that is objectionable and
alarming, as the circumstances under which it is
committed, and the principle that is involved in
it. " There are two cases," says an eminent
writer on political philosophy, `qn which .the
extension of territory may be of real advantage,
and to both parties. The first is, where an
empire reaches to the natural boundaries which
divide it from the rest of the world. Thus we
account the British Channel the natural boundary
which separates the nations of England and
France ; and if France possessed any countries
on this side, or England any cities or provinies
on that side of the sea, the recovery of such
towns or districts to what may be called their
natural Sovereign, though it may not be a just
reason for commencing war, would be a proper
use to make of victory. The other case is,- where
neighbouring States, being severally too small
and weak to defend themselves against the dan-
gers that surround them, can only be safe by I%
strict and constant junction of their strength;
here conquest will effect the purposes of confede-
ration and a11;0r... ;+
cruces is even more close and permanent Ulan um&
which results from voluntary association." Now
this were a very different thing from territorial
aggrandisement. Every reason here given,
indeed, is one which militates strongly against
the French Emperor's meditated act of aggran-
disement in Savoy. It is the neighbouring States
to France which require to be strengthiiiied
and defended by territorial acquisitions, rat!ler
than France itself—if any such proceeding is
to be tolerated at all, in the present sWil.
Europe, on the confines of Sardinia and Switzerr,
land. And although that act of aggrandisement
on the part of Louis NAPoi,EOI4.-may not .he
just 'reason for commencing War " —as wW,414"
never thought it was=it is yet a yery,,s.til
reason why the perpetrator-Of it shotild'bi
4 Government as that of England, .be kept at
arm's length.
One of the most unsatisfactory features in ths:
affair, in so far as England is concerned,, is the
subserviency of Her Majesty's Nriais to the
Great. Powers
hdae appear
with
NAPOLEON.
French Emperor,—their willingness 1°... "uuktt
to his ambitiMis requirements; "d their Preihr:
dEuhirPop77.-7.4ielliintti°l;
ence for his most precarinnsfri:2:
to be held in
France under
any other of the
lAitutsletriaae,caenudnt,evaesn.cFp
athnerefore, that should the
thee
tFhrench Emperor, through his Italian or °tar
mischief
sewf aft
is,
complications, have a rupture with any or all of
those Powers, England would run a great
risk of being drawn by him into the quarrel,
and thereby create enemies where it is so deci-
dedly her interest to have friends. is, true,
that Loris NAPOLEON is treating all the Powers
of Europe, England included, much elle, as
respects his indifference about their concurrence in
his projects of aggrandisement. One of the latest
items of Continental intelligence that we I
to the effect, that he is about to address g
new
note to the Great Powers, in which he will ex.
plain the motives that have determined
accept the annexation of Savoy and Nice to
France. Not, be it observed, to consult with
them about it, or to seek their acquiescence in it,
but simply to state to them why he has de-
termined, without their advice or concurrence, to
effect that annexation!

It is obvious, therefore, that the foreign
policy
of Uer Majesty's Ministers, as illustrated is the
whole of this proceeding, is not one that is cal-
culated, or that deserves, to gain for them the
confidence of the country. The question at issue
in that proceeding is a European question, and

one that has 'already assumed serious' dimensions,
without our Government having. apparently
entered into any such communications with the

other powers of Europe as therought to have
done; if only as a matter, of precaution. On the'
contrary,' they have, while protesting against the
designs of the French Emperor in words, yet in
deeds been conveying to him an impression that
it was only for the sake of appearances that they
' -Were objecting to his course. Such a conclusion
as this is fully warranted, We conceive, by the
single, fact—were there nothing else—that at the,
very time that Louts ;NAPOLEON was planning
an act of territorial 'aggrandisement most perilous
to the peace 'of Etriope, and' they were mildly
addressing to him their ,gentle. protests
against, it, they were making great ..sacri-
fices of our ' domestic and national interests
for the professed' purpose of drawing closer
with him the ties of , friendship ! What
other impression, we ask, could His ;Imperial
Majesty receive from conduct such as this, than
'that, after all, the Biitish Government cared little
about his predatory intentions 'respecting Savoy ;
or that, at any rate, their acquiescence was pur-
'ehasable by a Treaty 'of Commerce which would
• enable -them to' increase their popularity with a
Powerful democracy at home ! One cannot,
, therefore, but concur in the conclusions so ably
drawn> And so forcibly expressed, the other night,
by Ml. DISRAELI; that " if distrust and - 'despair
be spread throughout Europe; if there be scenes
of horror and sangninary. war ; if,
empires be
overthrown and - dynasties- subverted—then it is
the 'Minister and' the Government who assisted
that Policy who will be responsible to their corm-
tfiy. and to history for those calamitous. results."
Would that the country might arouse itself in
time to 'avert such calaniities, rathei than wait.
until they arise, and it can only struggle • against
them.

1/rEfF DERBY BOARD OF GUARDIANS.—This board,
as our readers may probably remember, was wont to be
R sort of laughing=stock to the community, froni the
character it had acquired, and the scenes of folly and
disorder it ever and anon Presented, in consequenee of
the presence of certain choleric and ilhmennered mem-
bers whom the. ratepayers had had the iniSfOrturie to
elect as their representatives. At the election of
~,guardians a year ago,,hoWever, this evil was in a great
,tneseure remedied; and the proceedings 'of the, board,
since that time, have exhibited a very marked improve-
ment, and done much to redeem its character as a'puhlic
I°dY• Another annual' electiOn is no* about to take
Place; and it is most important, therefore, that the good
work that was so auspiciously begun at the last election,
''3llthild not only be continued, but still further extended
in the same direction, and with a similar end in view.
The affair is one with Which the ratepayers have them-
selves entirely to do. The Guardians whOm they send
to the board, go there"' as repreienting not only
their interests, but, in some 'respects, it may not
Unnaturally be supposed:their diSPOsitions and feelings.
11 the ratepayers wish to 'be considered as a
l'esPeetable class of people, they must take care
that those whom they choose as their repre-
`sentatiVes 'should be.,
respectable also; and not only
qualified, but disposeA, on all occasions, to maintain
the respectability of the public *body Which they con-
stitute, and thereby reflect honour and credit upon their
constituents.- '• We understand that the nominations for
this election' must be sent in before the 26th of the pre-
sent month ; and we earnestly direct the attention of the
ratepayers to this, in order that they may mot fail into
another Mistake, and thereby, when it is too late, find it
iniiiossible to aid in the furtherance of an object in which not
oftly the interests of the Union but their own credit
must be so deeply involved. There is still urgent need
for exertion, we believe ; since certain' of the' most
obnoiimas member• of the old board, who were last
Year displaced, will again be put in nomination,—oti
this occasion for small out-townships, where they are
Rot known, and where, therefore, they may have the
greater chance of stiecess. It behoves the ratepayers at
large, then, to look closely to it ; and'to de so in time ;
in order that the West Derby Board may not again
degenerate into that disorderly, we had almost said that
disgraceful body, which, to the discredit and.disadvantage
of all concerned, it used to be.

THE LATEST NEWS

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I3Y 'BRITISH AND IRISH MAGNETIC TELEDitAPHI

FRANCE.

THE FRENCH FUNDS. '
PARIS, March. 15.
12 12 p.x.--Fiands open steady. Rentes 67.95.
3 20 P.M.—Tht market has been dull, but
Prices have improve& Rentes closed 68.05, or
higher than yesterday.