The Daily Times.
Liverpool, Merseyside, England, 1860-10-23 00:00:00

POLITICAL EVENTS AND THE MONEY

MARKET.
The Mlles in its city article says that a general
conviction prevails, that in no quarter is there at
present any intention for war; and, that if new
,conflicts are meditated for the spring, there will
mean-while be
.more than ordinary protestations
("f' a .desire and resolution of all parties to preserve
peace. The telegrams from Warsaw and Naples are
awaited.wiihout.much expectation.thatthey will
be of
a character to• disturb prices. Critical as
'the political epoeli SeeMs, the state of the money
market •is likely, more than any news that may
hrrive froin- the ,Continent, to control-the course
-of consols during the next ten days.

The PolishI • •
Catholic' clergy; intended ;to 'Memorialise
the Czar nn behalf:of. the Sovereign.POntift .
The most complete accord exists between the general
commanding the Freneh military expedition in Syria
and Lord. Thifferin, the English commissioner.
The loss occasioned by the destruction of the Con-
naught, lielong!ng to the Galway Atlantic line, will fall
principally upon Lloyd's and various offices in London.
Yesterday the conduct of the congregation at both
the morning and, evening services in tlie church of St.
George's-in-the-East. was markedby a; total absence of
indecorum.

It is expected that at the ensuing meeting of the
Royal Mail Steam Company, one point of discussion
will relate to the best means of neutralising the compe-
tition on the Brazil route of the French line of steamers
lately established from Bordeaux.

It will be seen by reference to our advertising columns
that the annual , and' jubilee meeting of the Liverpool
Auxiliary . to the British and Foreign Bible Society,
will be' held on Monday evening next, at the Philhar-
monic-Hall; and that a public breakfast in connection
with the same, will also be held at the Concert Room,

St. George's Hall, on the Tuesday morning following,'
at both Of which the Right Hon. the Earl of Shaftesbury
is expected to preside.
BANKB!T:TPTCY 0011}1.T.—(B6fOre John Yate'Lee, E3q.)
—ln re Joseph E. Bleck : This bankrupt, a -ship broker
irf Liverpool, appeared on his last examination yesterday,
supported by Mr. Barrell. Mr. J. PeMberton, who
represented the assignees, offered no opposition. His
Honour, after looking over bankrupt's balance sheet,
allowed him to pass. The certificate sitting was
appointed for the 16th November.—ln re John Nichol-
son : This bankrupt, a currier and • leather dealer in
Liverpool, also appeared on his last examination. Mr.
Tyrer, on behalf of the bankrupt, applied for an adjourn-
ment till Monday, as the balance •sheet had not been
filed in time. Mr. Collins, for the assignees, objected
to so short an adjournment, and asked for three weeks,
to give the assignees time to investigate the accounts.
His Honour said, as the adjournment was the bankrupt's
own fault, he thought the better plan would be to take
a middle course and adjourn the sitting for a fortnight.
The case was then ordered to stand over till the 6th of

November.
THE MARKETS COMMITTEE. - The usual weekly
meeting of this committee was held yesterday. Mr.
Alderman Woodruff presided; and the other members
present were Messrs. Shimmin, Barton, Kitchen, Ridley,
Houghton, J. B. Lloyd, J. Johnson, Niekson, Haydock,
and Holden. The superintendent of the markets
reported that the total receipts in the various markets
for the week ending thelBth October, were £2,356 ss. 6d.,
and for 'the corresponding week of last year, £2,159
13s. 0-:pd. This shows an increase in the total receipts
for the municipal year of £196 12s. 4d. in all the mar-
kets, but the increase in St. John's and the Fish Market
was £212,125. 61—The inspector reported that 1,339
lbs. of unwholesome meat bad been seized and destroyed,
as had also 436 lbs. of fish, three bags of mussels,' and
23,000 oysters. 'ln answer to the chairman, the super-
intendent stated that there had not been the slightest
inconvenience experienced by the tenants or the public
by the markets having been clo!ed on Thursday last.
The chairman expressed a hope, that whoever should be
the members of that committee -for the next year, that
some attention should be paid to the Gill-street Market,
and see whether it could not be 'more profitably appro-
priated. Mr. Ridley also directed attention to the huts
in the- Cleveland Market, of which great complaints
were made. Tke chairman said that the hands of the
committee had been so full during the past year, that
they had not had time to attend' to it, but no doubt it
would have the committee's .attention at as early a
period as possible. 'A' lengthened' conversation arose in
consequence of the re-letting of a lar,,e stall ill St.
Martin's Market, formerly occupied bfAirs. Field, as
an earthenware stall. The market inspector (Smith)
,called the attention of the superintendent (Mitchinson)
to the fact of the stall being to be let, and it was sub-
sequently hired by the Messrs. Barton, at an advance of
£3. This the committee did net think was sufficient,
and yesterday the Messrs. Batton appeared before the
committee, and stated that they had ncl idea but that
the officers had the power of letting the stall, and had
consequently given £750 for the purchase of the stock,
which would be a great loss if they could not retain the
possession of the stall. The committee decided that
Messrs. Barton should hold the stall, but that the rent
should be revised when all the rents of the markets were
reconsidered. The superintendent was reprimanded for
not haVing consulted the committee before re-letting the
stall, and the subject dropped. This was the whole of
the business.
Mr. Lowe is 'mentioned as the probable successor of
Mr. Laing at the Treasury. Mr, Frederick Peel is also
•
spoken of.

THE DAILY TIIVMS, TUESDAY, OCTOBER 23, 1860

7114.4. t.
tisms in a mission' Volt • eiAinet, nAnit I ie r
record, but_they could not tell the ciao influence that j
had been exercised over the Jewish pecile.Thtlif
to establish a 'separate church of Jews must necessarily
tail, and consequently it was impossible to form a cor-
rect numerical estimate of the conversions. He would,
howe-Var, Confidently refer to the present improvcd'state
tit` the lowa in this country as an evidence that the=
Jewish missitinary work had not stood still. He could
point to' genre plaee's--wDagdad, for instance—which were
iip p 01110 l*tte# of results- but it would not be just to
consider that they Were really so: from/ the wandering
nature of the' fiedpde; of aren't did not terrain long
in one plaCe; and that verY Offers agonrited for the
; small lumber of baptisms;' but •it vas not riuCQit
for Jesis," after first hearing , the Gospel pretiela
Bagdad, to . travel nil the, way to London, and not ife
baptised until their arrival' in thht Own.' It was a
mistake to suppose that modein Judaism was the. xdi-
gion practised by the prophets, and eproken of in the
Old Testament ; on the contrary, it was that which was
so severely denounced by the Saviour of mankind. It
came to light, not long ago, that the children of the
Jews were being taught from Christian books, containing
sittli questions as—" How shall I be saved ?" and the
answer—" T!ifciuigh Jesus Christ." The Jews very
strongly' and very properly condemned this, as it was
evi4entiv iiieons slept. Vut the tact rr' that the Jews
I could not 114 th'erdielVeS so' entirety exclailte a* they
once were ;' they tenet 7)#!Ygle With Chrihtiat's..nrore aid
more; and insensibly,, Perhaps, lAA n'oe fh'e Tess surely
will the Jew contrast the manners arid &gets of the
Christian. There was a certain work Which man teuld
do, And there was a work, also, which he could not do..
Earnest prayer was needed, that the efforts of the
soatte I4essed and be successful.
The Rev. Dr. FtEeny, in seconding the motion, said he
would confine his remarks tCflie Subirt of prophecy. He
did not agree altogether with Dr. Curnining in his inter-
pretations. But he did believe that the 1,64 Art sole..
subject and object of prophecy, was the Jew.' Other
nations that might have been alluded to in prophecy,.
were only spoke of incidentally, and as they bore upon
the jeWs., We also owed a great deal to the Jew ;. we
•Ai‘e intlebted to, him for the first establishment of
Chtistianltii ill ttkisland of Great Britain ; we were
indebted to lily also fait" the Writings of the prophets,
and he was the living evidenie. Of Ood's,,Word. After a
careful study of the. prophecies of the Old TftStcnprnt, it
appeared to him that when the Jew was restored edo'fib
own country, the only friend he would find would be
England.
The motion was then put and carried, after which
the collection was made.
A vote of thanks to the chairman terminated the
proceedings:

PA7ILAR IN AID OF THE
INDVSTRIAL SCHOOLS.

CORRESPONDENCE.

Yesterday a bazaar in aid of the Seho--sgreet industrial
Schools was opened in St. George's-hall. The day was
rather unfavourable ; but for all that we are very happy
to state that in all respects the results more than realised
the most sanguine anticipations of the promoters.of the
ragged and industrial schools:,,, During the whole of the
day visitors poured into the' hall in one long endless
strew? and we think we shall not be far from the
truth' sill& We state that the higher and middle classes
of the community Came forward with one accord, with
their purses wide open, to assist in the glorious work
of elevating their less fortnnate anti benighted fellow-
citizens, if not to an eqUality with' themselves, at least
higher than they now are, in the scale of chili satlon
The scene inside the hall was one of unparafleFed mag-
nificence. A want of space prevents our doing It the
justice it demands, and we intended. Fifteen stalls were
tastefully arrayed in the hall. The end nearest the
Crown Court was occupied by the school stall, presided
over by Mrs. Macauley and Mrs. H. G. Sutton, assisted
by geteral young ladies. The articles most deserving of
notice Upon this stall were a large quantity of clothing
intended to be used by the rich for presents. The
nature; of the workmanship' testified that in this branch
of female education the Soho-street Ragged School has
to a very great extent fulfilled the objects for which it
was established in 1847. The school children had also
contributed a variety of ornamental work in embroidery,
&c., of which any boarding-school miss might not have
felt ashamed. There was a painting in this stall
representing the tagged shoeless, and uncultivated
and "lost" boy beside a ragged-school trained youth
vrorlsing at the printing-press. The painting was
appreprratrly called, "Was lost; is found." Probably
it fell short of the artistic performances of the skilled
masters, but it had at least the merit of being original,
appropriate, and trite to nature: With respect to "Was
lost," you might say,
" Poor ragged boy, how tort he seems,
How sad those cheerless eyes;
Forlorn despair sits brooding them
And loud for pity cries..
"Is found" is full of hope, and the sparkling of his
cheerful eye tells a pleasing tale of, the care with which
he has been brought up at the feet of charity. The fair
stall-keepers offered for sale a magnificent smoking cap
at 42 2;s a baby-house, fitted up tastefully and elegantly
by: Miss Pratt paintings contributed by Mrs. Barkson
and Mrs. Gaskell engraving, contributed by Mrs. Robin-
son; 4 set of handsome furniture, 'at £l2 125., given
by Mr. John Dicken ; and a variety of other objects, at
once fanciful, ornamental, and useful. Not the least
attractive were a set of poems written for the occasion,
and Printed at the school press. The second in order,
and the first on the plan, was the stall presided over by
Mts. Rankin and S. R. Graves, whose collection, we
need scarcely; say, Was of first-class quality. The second
was presided over by Mrs. Thomas and Mrs. Tobias ;
the third by Mrs. Fairrie and Mrs. ,Wainwright ; the
fourth Mrs: Picton; the fifth by Mrs. Preston ' • the
It
sixth by Mrs. awdon, Mrs. Brown, Mrs. Forget, Mrs.
Marshall, Mrs. G. Rathbone, and Mrs, J. P. G.
Smith ; the seventh by Miss Lace, Mrs. S.
Brocklebank, and Mrs. C. Myers ; the eighth
by Mrs. Anderson and Mrs. G. H. Horstall,•
the ninth by Mrs. Johnston ; the tenth by Mrs. Segar
and Mfrs. Turinicliffe ; the eleventh by Mrs. Danson ;
the twelfth by Mrs. Brysdale; the thirteenth by Mrs.
Ledger; the fourteenth by Mrs. Bencke ; the.fifteenth
.(refreshment stall) by Mrs. Job and Mrs. Whittemore.
The post-office was under the superintendence of Mrs.
Marshall and the Misses Bevan and Thomas. All the
stall-keepers had, .of course, a number of lady assistants'
and a few gentlemen volunteers as well. It would be
impossible in a brief notice to glance even at the con-
tents of each stall; we confine ourselves, therefore, to a
general description of the whole. Whatever is calcu-
culated to attract the attention of every class and age
was arranged before the eye of the visitor. Wax
dolls and doll-houses, whips and tops, and every
description of toys were prepared to satisfy the child.
There were models of yachts and ships for the boy;
patterns of all kinds of fang work for, the young lady ;
smoking caps, cigar eases,.andcigars for the bachelor;
slippers and small articles of general comfort for the
married and done for; cushions and pillows, arid all
the various little articles which. go to make a household
trim; respectable, and happy, for the housewife. At
the stall of Mrs. Anderson and Mrs. Horsfall were the
following lines :
sixpence here,
Please :tay ; di spend one
Our funds are very low this year;
We'll grateful be for timely aid,
And thank you for the money paid.
.Atrs. Segar and Mrs. Tunnicliffe independently affirmed
that they had "no connection with any other estab
inent.'Y and on several other stalls some capital
hits 'on the customs of tradesmen were observable.
The post-office, as well as every other department,
was admirably managed. It had a' business-like
appearance on the outside.; bills containing informa-
tion to the letter-receiving public, and telegrams
bearing upon the questions of the day were posted about
the hill. The Emperor of China was announced to have
taken refuge on board of the .British. fleet, after surren,
dering the whole of the empire of China into the bands
of the English. A teleoTam received at Reuter's affirmed
that the metropolis• of France had been removed from
Paris to Vila a consequence of the annexation of Italy
to the French empire. About two o'clock the visitors
-were taken by_surprise by the following telegram
—" The- Whole of the county of Durham in revolt
March of the Guards from London northward ! !
Personal presence of her Majesty in the North to quell
the revolt !! !" The amiable clerks industriously dis-
tributed the letters for Is. and ls. 6d. ; telegrams from
the Lord Mayor of London for one penny. In every
department there was the same assiduity displayed by
the fair stall-keepers, and we are happy to say that
their exertions met with the most unqualified success.
The receipts, we think, for the day, could not have been
much under.Ll,ooo. To each stall there was attached
an ante-room. . Refreshments were amply provided.
There was a refreshment-room for the ladies.

GRAND TRUNR RAILWAY COMPANY OF CANADA.—
Traffic for the week ending September 29th, 1860, and
corresponding week in 185:
Passengers, &c. Merchandise, &c. Total Miles
Date. No. Amount. Tons. Amount. sterling. open
1860 18706 £7376 19 8 182381 £9259 5 4'£16636 5 0 970
1859 19654 7076 12 2 13210 7492 13 5} 14569 5 7A 880

Increase £2066 19 4i 90
MEETING OF THE SUPPORTERS OF MR. BECKWITH.
—Last evening, a meeting of the friends and supporters
of Mr. Beckwith was held in a room in Coomb's public-
house, Grinfield-street, for the purpose of taking steps to
ensure his triumphant return into the Town Council ;
Mr. Steains occupied the chair. The meeting was very
enthusiastic, and resolutions were passed to secure his
triumphant return to the Council. Resolutions, thank-
ing Mr. Clint and Mr. Aikin, were also passed.
CORONER'S INQIJESTS.—The Coroner held the follow-
ing inquests yesterday :—On the body of Jane Jones,
24 years old, who kept a bad house at 5, Back Bond-
street. On the 24th of September she got cut on the
head by a bottle, in a public-house in a drunken squab-
ble, and she alleged that a man named Sunners had
struck her. She died on Wednesday. last, and it was
supposed her death was the result of injuries, but from
the evidence of Surgeon M'Caul, who made a post mor-
tal; examination of the body, it appeared that death was
the result of consumption from natural causes. Verdict
accordingly. On the body of a child named Thomas
Lynch, 21; years old, that died in consequence sf inquries
received by his clothes catching fire. Verdict accordingly.
LIVERPOOL ROYAL liiriamniiv.—Return for week
ending Octobel 20, 1860: Admitted, in-patients, 34 ;
out-patients, 37 ; surgical. casualties, 45. Discharged,
cured, 21; relieved, and at own request, 16 ; made out-
patients; 2 ; irregular, 0 ; dead, 4 ; remain in the house
183. For the ensuing week (visitors) : J. P. Campbell
and Charles Langton, Esqrs. ; physician, Dr. Vose ;
surgeon, Mr. Stubbs; house surgeon, Mr,
11. Harrison.,
junior house surgeon, Mr. H. G. Rawdon
; chaplain,
Rev. Edward Poole; treasurer, Mr. C. Wilson.
THE MUNICIPAL ELECTION. —ln the Lime-street
Ward, the retiring councillor, Mr. James Johnson, has
issued an address to the electors, again consenting to
serve the ward in the Council Chamber, if elected. In
this ward there is also another candidate for municipal
honckurs in the field, in the person of Mr. G. P. Hey-
worth. Each of these gentlemen fight under " the
liberal" banner, but the committee for conducting the
election for Mr. Heyworth consists of some of the
"extreme liberals" of the ward, and therefore it is
gbnerally thought that his chances of success are rather
remote against Mr. Johnson. There is still a rumourthat a " liberal conservative" will be brought forward ;
and if so, the contest will be severe in this ward.—in
the West Derby Ward, the supporters of Mr. Anderson
are most sanguine of that gentleman being returned on
the Ist November, notwithstanding that every exertion
has been made by the friends of Mr. Beckwith. In
the other wards there is not, at present, the slightestsymptoms of any opposition being offered to the retiring
card fen
councillors.
THE COTTON PLANT OF SOUTH CAROLINA.—ThE aboVe h
been beautifully illustrated on the back of a
PlaYing
the present season, by Messrs. lle La Rue and Co. from °arn
original drawing by a Liverpool gentleman, and published by
Messrs. Agnew and Son. J. M. ;Ind Son have received a I -
stock. N.B —A good playing card from is 6d. •J. ~,_ ~ge
.....wasley
and Son, 4, Castle-street.

TO THE EDITOR CTF TAKE DRYLY} TI~IIES•'

Al\iD. 11E11 BANKING
ST‘E-M.•

Sift,--The -recent- position of the LoWdon Money
market, and the heavy demand upon the Bank of trig-,
land for gold, attracted considerable attention in Liver,
pool, and in some very influential quarters excited
considerable alarm, lest its continuance should produce
a' material abridgment of the amount of money avail-
aide for commercial purposes. Why such alarm should
sb early have arisen is not at all surprising, when the
depefident 005-3 ion of this port for its banking capital
is considered; and hof, Whenever the slightest pecu-
niary pressure takes place; the tisCurees of her merchants
are suddenly and not unfreqiiently'aliilbst entirely cut
off, whilst these of ]ondon are but sliklitly` curtailed.
anhoteivn eart;cleoablyainthastaeihn tfiameielsitioefa paare'stshuetye
ExLonPdelionenme6eh7cha
preoqoul ire,
houses,ata wadhvoanacreed
troaot e
muchot d
dependent
;'
otu
whilstp oLai Liver-
poole-
London banks and discount brokers for facilities, have
not only to pay the increased rate, but are only permitted
sotatishfia.ave wllitatthcoapaitalmoarnet ofmains
moneyaft navailablei is fully
er
L
slifffcient W meet the wants of all parties, well and
good ;; hat if this is not the case, why then Liver-
pooll°lhasbcell
firms must he" eentent with what they can get,
and "draw" upon disappointment or disaster for the
difference.
Remembering in how many instances, ddri •ng the
past few years, the inadequacy of the present banking
power Of Liverpool fully to discharge all the obligations •
involved in the 6'ohthret of her enormous commerce has
been forcibly and- painful Y deinertstrated, and how
_many sound commercial houses hdie. then sacrificed to
the deficiency, it does seem surprising that hitherto' no
successful effort has been made by those who haVe th'e
power to render her less dependent, if not, thoroughly
independent, of that external support which is now so
used, and Which is yet so fickle and so much
more costly, She. Ws Within herself all the elements
necessary. Thef recinire to' be systematised, and
the resources that efts' Within' and around her to be
marshalled, to render her quite Capable' of faking inde-
pendent action. Why this has not been date it is
scarcely necessary to inquire, but why it shoilld not new
be accomplished is well worthy of investigation.
It is a remarkable, and not less strange anomaly, that
during the last thirty years, whilst the commerce of
Liverpool has nearly quadrupled itself, its banking
power has been materially, and it might be added, pain-
fully curtadeit. The increase of commerce is, no doubt,
the result of nattird cau§es;. and it certainly is not less
true that its diminished banking facilities are to be
traced to unnatural causes. Trade' has. extended, and
must continue to extend, from the Very force of circum-
stances, even under many grave errors of kealnianae'e-
ment. The position of the port, and the adjuncts by
which it is surrounded by nature, are so favourable to
the development of trade, that they defy the chilling
influence of misgovernment. By nature, Liverpool was
intended to become the first seaport of the world, and
the tendency of trade is always to locate itself in those
places most favourable to its reception. Banking on_
the other handy is a' science, and requires the most con-
summate skill to direct, and the mest rigid adherence to
correct principles to develept: Whether these have
been adequately studied, ant if studied y acted upon in
Liverpool, is even more than questionable.- Iliad it been
otherwise; the anomaly to which we have' referred,
would not exist. Under a healthy and correct system, of
banking, increased commerce should, of necessity, be
accompanied by increased banking. facilities—that is, if
the district in which it takes place, is to derive the full
benefit resulting from its augmented trade.
It surely cannot be denied, that in the science of
banking,•Liverpool has not progressed with her trade or
the advancement of the times. The principles in prac-
tice now are identical with those that existed when her
imports and exports formed so minute a portion of those
of the whole nation, as to attract little or no attention;
and the result is, that while in commerce Liverpool has
taken her right position, and to a great extent, now
governs the course of trade in the entire country; her
monetary influence is not only a myth, but her merchants
are controlled and held in bondage by London monopo-
lists, and in times of emergencies, subjected to dictation,
disappointment, and sometimes
of this northern timesr uinnoern metropolis is
ruin.
clearlyTh is
traceabledependent
position
to her principles of banking, and will
evidently continue so long as she blindly adheres to
them. -The adoption of others more enlightened,
comprehensive, and suited to the times, would be imme-
diately followed by seasonable relief, and the beneficial
results soon be felt by the entire community,—not
excluding bankers themselves. One of the very first
principles of true banking is the accumulation and
_collectidii of money from those who have no immediate
employment for it, and the loaning it (upon proper
securities) to those who have. In other words, banking
should reduce the amount of dormant capital to the
lowest . minimum, and make every sovereign in each
district discharge the greatest number of obligations in
the shortest possible period. Can it' be said that this is
now done in Liverpool ? Can it ever be accomplished
under a system which invariably imposes a tax upon
every customer? Does not the charge of " a quarter per
cent. commission" really exclude a large class of people
-from using banks at all ? and, will it not be readily
admitted that the very class so excluded, is that possessing
idle or dormant capital ? Those who are constantly in
need of accommodation will never be kept from a bank
by the charge of "a quarter per cent. commission ; "
but those who are independent, and who have always
surplus capital in their possession, will only make use of
such establishments upon unavoidable occasions.
Liverpool suffers immensely from the scarcity of
capital to carry on her stupendous and ever increasing
commerce; and yet there is an enormous amount of
money perpetually lying inactive among her own people.
By judicious arrangements, and the aid of a suitable
institution, so constituted as to command public confi-
dence, this state of things could be at once changed, and
this capital be brought into active commercial employ-
ment. It would place the port in an independent
monetary position, and instead of being almost wholly
under the control of the metropolis, as it now
is, it would even exert no mean influence upon mone-
tary operations in London itself. The aMount of
money thus lying dormant in Liverpool is variously
estimated. Some men, possessing considerable expe-
rience, place it as high as seven millions and a half
sterling ; whilst the lowest estimate we have heard is
five millions. Now, when we consider what an immense
trade can be successfully and pleasantly conducted with
such an amount of banking capital at command, it does
seem marvellous that we, as a people, should blindly
fellow antiquated principles of monetary science, and
thus ignore the existence of a mine of wealth lying at
our very. feet. Why, a bank with such an available
working capital, independent of its own—even if it
did not increase with the increase of wealth and popula-
tion—would render Liverpool thoroughly independent
of the World, and at all times, and under every pressure
or even panic, enable her merchants to look on with
complacency and pursue the even tenor of their way,
free from that intense anxiety and feverish- excitement
now so characteristic of the place whenever there arises
-any extraordinary demand for gold in Threadneedle-
street. No doiibt there are interests that would be
adversely -affected, and some, perhaps, though insigni-
ficant, that would be destroyed by ,the town being
placed in its right position. In every age, and in every
place, there are people who exist upon the misfortunes
or the necessities of their neighbours. They are, how-
ever, of a.class of whom it may he said, "to dig is too
hard, and to beg I am ashamed," and are very little
deserving of consideration. Usurers in no age of the
world commanded respect, nor are they entitled to much
sympathy.
In conclusion, this subject is really an important one.
It affects everybody. Let business-men think over it—
talk of it—discuss it—the more they do so the more the
public mind will become impressed with the conviction
that hitherto LiVerpool has not taken her right mone-
tary position ; and that she does .not exercise that in-
fluence upon the country which her trade, and her
wealth, and her intelligence, fairly and fully entitle and
qualify her to do. Action now will do it, as it will in-
crease her wealth, and still further extend her corn-
merce.—l
.am) Sec.) 46 W.
•