The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1859-05-17 00:00:00

Erne ant] Comma.

LONDON SPIRIT MARKET—Rum is very firm in price,
and the demand is somewhat active. Brandy and grain
spirits tolerably firm.
. _

•
Sl:GUl—There is • moderate business doing in good
and fine raw sugars, at about previous quotations; but
low and damp parcels move off slowly, at barely sta-
tionary prices to • alight decline. Foreign sugars afloat
are held on former terms. In refined sugars very little
is doing, at 525. to Me. for lumps. Crushed is Lehi at
445. to 50s. 6d., and pieces have sold at 4-4 s. to 475. per
cwt. The stock of sugar is now about 42,000 tons,
against 48,000 tons in 1858.

THE Pitortaiott THADE AND THE Wag—We
understand that the French Govelmuent have con-
tracted for the itumethate delivery, at Marseilles and
Toulon, of 20,000 intake of beef and pork, and a vessel
is now loading in George's-dock, Liverpool. with 3,0 W
tante, the remainder of the orders being distributed
among the principal porta of the kingdom. The midden
demands which have thus been Ina& upon the pros bijou
market have caused conaiderable excitement, the et pply
being short. Notwithstanding these heavy detusnds.
however, the prices of both beef mai pork are now 20
per cent, lower than after the outbreak of the Indian
mutiny.
- - - -- • • •• • • • •

The annual meeting of the National Provincial Bank
of England took place on Thursday, Mr. J. M. Laurie in
the chair, when the report was adopted unanimote.ly,
and a bonus declared of 7. per cent., making with the
dividends already paid, a total distribution of 15.1 per
cent. for the year 15.14. The biiinee f the bank Mat
stated to be in a sound and prosperous condition. The
ustoinera are of all chissea, and if it at any time
proves difficult to employ money with advantage lowing
one portion of the community an opportunity is usually
found in another quarter. Some diacussion took place
upani the question of • superimnuation fund for the offi•
cep, of the bank, and it WM announced that although
there are conaiderable difileultien in arranging a aatiafac-
tory plan the matter will receive consideration.
The payments of the first instalment on the new
Indian luau have turned out more satisfactory than Wid
at one time anticipated. Only twenty five persona.
representing E133,11UU, have failed to may their sub-
aeriptions ; but it fa understoo I that legal proceedings
will be commenced against the defaulters to compel
them to make good their contract.

The drain of gold from the Bulk of England still con-
tinues. Now that money Imo become dearer it is anti•
petal that it will shortly MIMIC. About C. 100,000 bul.
lion has come in from various quarters, but chiefly from
Australia ; and the demand fur silver for export lia^ NOII,O
whet fallen off. The price of bars hi now 62} per
ounce.

OP ENDING C tau Pa vti etrrit. —Russia, Austria.
and Sardinia hare suimendesi specie payments. Other
States may follow Whirr the war is much older. How
will these countries be affected, and what is the influ-
ence likely to be exercised on ourselves and other specie-
paying nation.? There are few points more apt to give
rime to ridiculous fancies. It is a common delusion that
a country in some way protects itself by refueling to pay
It, debts' in the precious metals ; and in old times the
question 114.4 to be asked : " If all other cuuntriee sus-
pend, how is England alone to go on diecharging her
liabilities in cash?" To dispel all mystery on the matter
it is 'limply neeeimary to bear in mind that • ouspention
of specie perm its by any individual State Li but • rough
way of cuidlsoating the property of certain classes of its
inhabitants, mut of throwing additional taxation up on all.
It is merely a matter of internal arrangement, atul can
newer in the amallest degree street the cuimuereial in'
tereourio of one nation with another. There can be ma
ant+ thing as a aispenaion of payment in the foreign
trade of any country. lithe Sardinian Government de-
sire at this iiiii went to buy • certain quantity uf iron in
the London market, they must pay for it just in the
same manlier an heretofore. We do not 'stake the con-
tract for notes of the Bank f Turin, but for a specified
amount of gold or its eiluivaleiat to lie handed to us
here. The impossibility of a nation gaining anything
by stopping payment being thus obvious, what can be
the inducement? Nothing but to evade its debts at the
expense of certain cheers, instead of resorting to open
taxation, levied fairly upon all. To the funilholder, the
annuitant, the office-holder, amid all to whom the State
is bound to make fixed payments, it is all announcement
that 10, 20, or GO per cent. (according to the extent of
the depreciation in the inconvertible notes 0* compared
svith specie) will in 'More be imiounded. It is there-
fore confiscation, and nothing elev. At the mime tune
the State are enabled to use it aa a inset ruinous substi•
tuts, for raising loans. Every new issue of Monier',
tible paper is precisely the same MI a loan, since it tepee.
VMS a debt fur which the credit of the State is pledged.
But it is always contracted upon deplorable feriae as
compared with those 011 which an Wilma loan might
!lave been procured, because the public have no security
as to the extent to which it may be carried, and have
also beta sufferers from the original breach of contract,
by which they were defrauded .if the per value of their
dividends. And nut only is its house credit, but also
its foreign credit, thus ruined, since, although it may
apply for 11101107111 other markets, and offer to guarantee
that the dividends shall he paid at all times 4n hard
cosh, caputalista are apt to reason that a State that hall
defrauded its own subjects may ii, time of severe trial
treat foreigners in a similar manner. It will thus be
wen that a suspension olsl.ncie payments, a very natural
and protective step at the beginning of a war, is but a
contrivance for extorting funds from the people in a
partial, covert, and ruinous manner. and for raising
forced loans in a way utterly destructise of that credit
upon the maintenance of which the power of raising
loans with ecamoiny solely depends. II story shows
incougertible issues in times of war have usually been
carriell to the point which terininstes with benary and
repudiation. tiusoua. France, .tustria, and a number of
other States have each reloUillated e110r111.01.1.1 national
debts contracted on the faith of Government notes.
England alone came out of the great war of the hi-at
botwiblhe
mg:thie.r,terwv,i.elarastiml:ranitiss
tmahhaady,
gem-ration without a stain. Sir Robert Peers Act of
alt
Idl9, by providing for the discharge of all our promises
iii
and suicidal folly of suspend.
lull,cashftpapayirediuun'ta" far
and, a
lug
oandulsruntlatt7thealinedsoitiinteit.n.oeme,
citonia
reau
he
the cause a the English Three Per Cents being at 90
hiss elec
et e dv
Europerwf since
hr n h
ti
enr::Blllbotanliednftee,
slid
lie before us, we shall emerge from thew at last trium-
pinata.— Tanes City Article.

" Paying to. dear for !war addette."—Dr. Franklin rap the
when be %as a boy he rave all the money be had fora whistle;
this event we. en admonition to him in f uture life, for it
elegy. reminded htm that he might at any Unse " per Ice
down., a seAtetle." T. the public this ha. become ea trust en
advantage as to be. Franklin, many oommodities. are avoided
bemuse they are dear at may prim. The various growths of
tea, for example, are made by the Chinese to look equal in
ho dUttnieing Mem aU n,Jtk the mew mitering powder,
w. that the old 'adhered darouriew autumn lanai munot in.
known from the choice .pring crop; therefore all oho do not
wish to pay too dear lor their whistle discourage this ab.urd
custom by purchasing Nee Tea without Powdered C010r.,,.
ackett As thia pure teal. now muck preferred Burnham'
Co. import exchuively the tipn'or crop, *hick has no need to
be disrobed with powdered colour. nls tee is sold secured In
retest. by Agent... advertised.

---•—•••••
HOLUM/11ra Otirrame.—Ver had lega, bad Minato, and veer -
butic or .cmfulous nom, this 4 a weenie. The gratedul and
earned. teatimmly .1 thowanda who have experienced It. un-
✓ivalled power over theme cemplanda, and who have been raned
from prostrate h4li.ui renders It. quits unarcemer7
▪ T
upon Its eat virtues. The porno amend
Whig ahotda be bathed with lukewarm weave, k Stour" . swim •
thereby opened, the CHMemed elsonid he re
day It then penstrelat to thaw{ uf She diamder sad awl.
are ann.
a theeount ord penomaist
pored uf rue bekrawm both NUM 071141=1".

FAIRS FOR THE ENSUING WEEK.

Donscr.—Toller. Down, May IS.
Sonenscr. —WeHow, May 20.
DKVON.—liatherleigh, May 23; Sortlimolton, May

18.
WILTS.— Ametbary, May 17; Chippenham, May
17; Swindon, May 20.
H•NTlL—Appleshaw, May Tl; Basingstoke, May 24.

All communications in relation to whatever de.
pertinent of the Paper are to be addressed to
Mr. FREDERICK MALLETT, Editor of the Dorset
County Express and Agricultural Uttzetle, at the
Office, Church Street, Dorchester.