The Daily Times.
Liverpool, Merseyside, England, 1861-01-14 00:00:00

PROVINCIAL, &c., MARKETS, SATURDAY.

MANCHESTER SHARES.—Leeds, 1171; Mid-
lands, 1351 ; Sheffields, 551 ; Dovers, 26; London,
1001 ; Great. Westerns, 731; New York and Eric, 32.
GLASGOW IRON.—Market quiet. No. 1,48 s 6d
to 48s 9d; Warrants, 49s Od to 49s 11d; No. 3,47 s
3d to 4789 d.

CORN MARKETS.—CARLISLE : We had a fair
supply of all kinds of Grain' at market this morning,
and prices rnurh the same as last week. For Oats more
money was made; and a good clearance effected.—NEw-
CASTLE : There was a good supply of farmers' Wheat ;,
condition very inferior, but the whole was sold at last
week's prices. Business in coast and foreign Wheat very
quiet, but holders very firm at fully late rates. Flour

met a slow sale, but was fully as dear. Malting Barley
in fair request, and last week's prices fully supported.

Oats in laige supply from farmers, but the demand was
(
quiet at full
,rates. In Beans and Peas nothing was
passing.—DONCASTER : There was a large show of
Wheat, but a great proportion was of indifferent quality
and in bad condition; a heavy sale for all descriptions at
a decline of Is per three bushels. There was a full
supply of Barley, which could only be sold at a reduc-
tion of Is p'r qr. A large show of Oats, and the best
parcels in demand at unchanged prices; other kinds
rather lower. Beans firm at former rates.---Conx :
White Wheat, 29s to 33s ; Red Wheat, 19s to 31s;
Barley,h 17s 6d to 21s; Oats, 13s to 15s Md.—DROGHEDA:
T wase.Wheat a
esmalla declinedatten 6d perdanee and
barrel in
a dull salea Saturdayatto-d
to-day's
market
last, but Oats and Barley maintained the prices of that
day.
ATTLE MARKET.— DONCASTER : The market I '

A „ ,
PAPIga 1411ACIO. GOODS

LIVERPOOL.

JEWELLERY,' PLATE, &-6.

buccrAsoa TO ,
F.. II A us B ur. G,

LPIR POOI.

LIVERPOOL.

X C E L S.
_ A_ IVIN TER

Semfe—Williamson2sqn are.'
Time—Any evening since Christmas.
The shadows of night were coming down swift,
And the dazzling snow lay drift'oir drift,
As thro' "the Square" a figure did go,
Carrying a flag with this mottot.

. .
&eV iiferehead pale came copious hair,
His nose retrousse; complexion fair;
O'er his tightish eyean auburn lash ;
His chin was close shaven, and no moustache.

He stealthily looked "the Square all Yowl,"
To see if " a peeler" was there to be found.
At big gas lanip-he made a stop)
As if he meant placing the flag en the. top.

As Uptiards fie elairiberdd, he tliende did`sec•
A numlier of families i
He eyed the dislie3 and, plates -Vert keen;
ro See if his " Yellow" was thea. is be seen,

"Oh! don't, go tip,'? said an Old woman, " stop !
It's freezing 'like blazes' :up /here on t top,
You'll tumble off. on Votheriide ;"
But thetkedtaeled stranger loud replied—

IXP.ROVEZEN iN GENTLEMEN S—H.tl
2'1%0
TlTuErsAnx-STREETS

GENTIAMEN,—I have given vour Patent.,Easy-fitting Hat a
fair trial, and I must say it Is the most ceinfortabre had ever
wore, particularly when crossing the Water in a windy day,
when with the old style of hat I-invariably had a headache,
which with youc ntie style is not the 'case. I can, theiefo're,
safely recommend it to any one, particularly to those subject
to headache.-4 am, gentlemen, yours truly. •

I have worn for some time one of the Patented Easy.fitting
Hats sold by Mr. —, and I can testify to the advantage
derived from the absence of that unpleasant presiiire, particu-
larly on the forehead, usually felt from the hats generitilywonf
—House, Cheltenham.- (Signed) —. e
This letter is from a ftrstirate English admiral. -The name
is not given. fol.' obvious reasons.
NOTICE.—Five Pounds Reward upon conviction of an in-
fringement of my Patent.
Simpson's Patent Easy-fitting Hats arc ono, hnd In
Liverpool nt No. 6, St. George's-crescent (two doors froth the
top of Lord-street), and at 9, Dale-street (opposite Royal Bank
Buildings), and in upwards of one hundred -other towns, a list
of which would make this advertisement too long. The Agents
n each place make themselves known. .

NEWS OF THE DAY:

.Varriagts, au Wattls.

Births, Marriages, and Death; forwarded for insertion, yiust
be jaryperly authenticated with the name and address of the
sender. Vie charge for the insertion of Births will be Six-
vence,each. , .

13MTIIS.
•
On the 9th inst., at .Loughborough Cottager, Lotlghborotigh
Park, Brixton, London, the wife of Mr. J. Adains, formerly
of this town, of a daughter.
On the 10th inst., at 0, Lownder-square, London, Lady
Mary Wilbraham Egerton, of a son,

, .
• MARRIAGES.
Gn the 10th inst., at tho parish church, Eccles. near Man-
chester, by the Rev. IV. Robson, assisted
.by the Rev. it. N.
GOoday, Robert Orrell, Esq., of this town, to Mary Emma,
third daughter of Tnomasßarlow Jervis,,Esq., of Swinton
Park, near Manchester. • • •
DEATHS.
an the 4th ult., on his passage from Calcutta to Kurrtrchee,
Capt../. Nyedgewood, of the barque Bentinck.
On the sth inst., aged 54, Mr. Rouert Anderson, joiner and
builder, 15, Gibson-street, Toateth-park.
On lhe lyth• inst. Harriet, wife of R. Mundell, Esq., Dacre-
hill, Rock Ferry, inst.,
' - '

Our readers have only to send their address to L. E. Perrier,
77, Regent-street, W., London, and they will receive, free by
post, 195th edition of the " INVALID'S OWN GUIDE,". or
natural restorer without medicine or expense of perfect diges-
tion, strong Berms, sound lungs and refreshing sleep to the
most enfeebled, effectually removing indigestion (dyipepsia),
nausea, and sickness, even during pregnancy,' debility, ner-
vousness, palpitation, cough, asthma, incipient consumption,
dropsy, constipation, flatulency, diarrhoea, dysentery, bilipus-
ness, fevers, sore throats, !catarrhs, colds, noises in the ears,
;rheumatism, gout, impurities, eruptions,, hysteria, neuralgia,
iirratability, sleeplessness, acidity, palpitation, heartburn,
headache, despondency, cramp, spasms, sinking, fits, bronchi-,
tis; also children's complaints. Accompanied wi,h numerous
successful,cures which had resisted'all medical treatment, and
been abandoned as less. •

. , • ;,; b
Coxstrimrrezi, Cotran, ASTHMA, AND BIiONCDIT.4B, CURAiLI
I believe that the preparation of BalSant of Horehound
and Aniseed /as prepared by Air. Martin, of-22t Copperps-,
• hill, Liverpdoi,) Wall prove of more value, in eases of 'bron-
chitis and incipient consumption, than am,' other remedy,
extant. IL relieves the most irritating cough in a few m barites ;
and, although it contains no preparation of opium, it•intlncei
sound and refreshiny sleep, soothes the nervous system, and
restores the healthy action of the lungs." Recommended above
all other medicines by Sir Alexander Tralles—see Tlionison's
Materia Medico, page 175, vol. 2. The following is from 1)r.
Brett, the eminent chemist :—" I consider the balsam of hore-
hound and aniseed; as prepared by Mr. Martin, an..elegarit,
and efficiettit: cough remedy, and' I fully'agree With :sir
der Tralles and Dr. Anthony Todd Thomson, that, in conjunc
tion with cod liver 'oil, it is .an admirable remedy-for con-
sumption and delicite constitutions."— R. H. Brett, Ph. Dr.,
M.R.C.S., late Lecturer on Chemistry and Medical Jurispru
dence, Liverpooßoyal ;'The balsam of horehdund
is, prepared only by T. Martin, chemist, 22, C§p-
peras•
have been appointed in all principal towns anc'd
sale, agents
Liverpool; bet, °wit* to ,its. great andincreasing
dY rk from Sutton:and Co., noon, Nri, est-
Edinburgh an 0 _
caintide.sa.nhiisieled
retailfi9 itfL°roMain',:tteand.nin'enen•-• •
be. procuredt:lb
oNlvelisiauill;saa,n2lest.i
9d and 4s.'6d. each.
The Lozenges in
box at Is. er free post for ls, 6d.
facture: tascaan
madott; Matichboesreter, arnrice,
Is.

.......----„, ANDELIERS. LAMPS, &c.
fr S
~ ' - •
:'-i *, • Il•
T 0 0 K .E
,'
SUCCESSOR TO
' L. HAUSBURG,
.
111 tful ?:. vitiesAattention to tlie,xttcns,ve STOCK of
i xDEijiEi
of Glass and Metal ;
fosz: 'RNS, BRACKETS, LtSTRES,
of all descriptions, ' ,,- c •
* , '41., ' VESTIBULE AND OTIIER: LAMPS,
INCLUDING •THE CELEBRATED 41-C1 EigsK,LAMP.
Public Buildings and Private Residaccltted far Gas.
Exzrienced Gasfitters emzloyed on the Premises, and all
.Mei orTeraitTP`cirrelqrrittended to in' the Manufactory,
24, Cuuncti-sfitp:r. ; '4 r 7- A
Crepy's foreignßefined COLZ7I. Vit,especially adapted
hen01turee1e4Amp0r.....m..........................,,..„. . .

• A large Assortment of
TABLE AND POCKET CUTLERY,
7., At the lowest Prices.
CI 7;. The Sitoek . f!

Includes a very extensive assortment of Articles selected from
the productions of the most eminent Manufacturers in the
Kingdom, ensuring the greatest durability, exquisite finish,

OLD POSTOrFICBIJILDINGS,

T 00KE,

comile+cd, the selection of his Stock for the
,season, in
whit irkil he fbutad at the grea`test novelties In f4shiOn and.
design, solicits an inspection of the same, comprising an
extensive collection of - • n

DIAMOND AND GEM TORN.
LONDON AND OTHERIJEWELLERY

. .
of the very best quality.
. PLATED GOODS,,
of theneweetstyles and designs, fiom.the first makers.
ENGEISH WATCHES,

combining all the latest improvements, and guaranteed to
perform with the greatest accuracy.
GENEVA
from
tfirst
t iniVanA_ufaTauCr,eiris.E, -S,

-W. lI.T. would direct attention to hia formeroonneetion with the

,TriIOL,ESAL I? AND XAN,IIFACTURING BRANCHES,
and likewise to the fact of hls making all his paypepts for
PRomPr cAstA
by IT Is tnatltl: add dekriiiiiied;tO iiibmit his "goods at

. I. 4rair .110DER41'EP.RICES
that no other-IoiAC Can offer such advantageous terms.

OLD.POSTOFFICE-BITILDINGS,

PRESENTS FOR CHRISTMAS AND THE NEW !YEAR.

0., !.-. '
ba, -0 K E ,
„, •
-• CrEM'gritt TO
P. L. HAUSBURG,
In presenting the usual address at this Season, begs to return
his best thanks for the kind and liberal patronage conferred
upon him during the past year. . • '
To. his extensive and unrivalled Collection of
BRITISH. AND - FOREIGN MANUFACTURES
has been added every
ENGLISH AND FOREIC NOVELTY,,
And the greatest care has-been eXereised- in the SELECTION
of the GOODS, to stet= THE DEST QUALITY at the very
Lowest Priwa, , ,
EsPecialltt4tion Iceilubsted to•the large Assortment of
• FANCY ARTICLES,

-*lftehttling •
PARISIAN NOVELTIES, FANS, CASKETS, -
O Icf E RS,i ;B:0 IT QIUX T• 1.; 0 L RS,I
and the New SITI.T. of
lIEADORNAMENT
in the iireeatest•taricty. • • • •
AN E:tTENSIVE 'STOCK OF
FRENCH DECORATED
ALABASTER FIGURES,
VARIAN .
' A Splendid STOCK di
130IIBifil;11 ENGLiStf; AisTiPtititidit GLASS VASES,
&c.
•—•• Out Ititequalled Stock of
PRESSING-CASES, -DESKS, WORK-BOXES, -
BAGATELLE TABLES, &c.,
manufactured on the'pfemisti; will be found complete in
all its branches.
•
The ussortmcnt,of , •
ENGLISH AND FOREIGN TOYS,. 'GAMES;
DISSECTIONS, &c:,
is replete With erfty'ilokeelt; nil h 1 lfld a A great 'daiietY of
liTt*AktM's kpR C4RISTAIAS TREES,

W. H. TOola.hopes, by hits unceasing personal attention;
to secure, the continuance of that confidence and support
which have hitherto been".so kindly extended to him.

OLD POSTOFFICE:BUILDINGS,

I 0 R

. , • , 4.„
" The made a graven image, and set it up on high ;
- And there it stands unto this day, to witness if.l lie.'
Macau/ay.

fetidly ho

Yellow ho

'i ellow ho

Yellow ho

" Yellow ho

Oh! please don't go up such a shocking night ;
Come sleep on mx box, said. a cabbie bright ;
On his pallid cheek a tear-drop come,
But still he remarked, as he upward dumb,
Vend* ho
140611, eta foi the i36ii`ell of ilia high eroas.trea,
Dodge fain ice if any you see.
With that 4‘ the Patty' went home to bed,
Aincl_azainglar voice replied overhead, _

Yellow ho !

At a quarter-past six that same afternoon,
An astronomer, taking a look at the moon,
Beard spoken above him, as often as twice.
The very same words, in a very weak voice,
Yellow ho

When "the peeler" came round at a quarter past sea du,
lie wag slo*rin," his beat's the road being unttr;
Found the stranger dead in the drifted 'snows
Still clutching the flag with this rhottO—

iio

est hitless, &Mitt, Without any doubt,'
The "lamp of his being" decidedly out;
On the dreary flagstones " poor Kelly'!T was lying, ; I
And 'twas no more ,use for him to,be saying-,
, • - • • Yellow Butter ho

.'; . •
RESURGAM!
All ye who lament that poor Kelly isilost,
Just call at the " Butter Place !"—looh at his ghost I
He sits in the window, and looks safe and sound;
And RiIL sell •yon sonic • " Yellow " at £l,l the pound, '
elloNt Butter ho

-Hlrdif WATER,- TUTS DAY, AT LIVERPOOL.
Hintr. Height.
MORNING lh. 26m. 1, _
ft. tin.
-EVENING lh. 43rn.

pairy Eimts.

. The advices from America by the Persia, of
which a summary will be found in another column,
are calculated to strengthen the views which have
been formed by the -rnajerity of people in this
country, of the seriousness 'Of the events of which
the American States, new no longer " United,"
are.shortly to be the theatre. . Mr. Buchanan wil
probably be- Called upon; to retire forthwithi unless
he initiate some decisive medBiires for dealing with
the.trisis thttt ha's arisen,. and which is daily be-
coming more'embarrassing ; but, in the first place
the members of his Cabinet are still unable to
agree on any plan of combined action, and,.
secondly, even if they did agree, there would be
no small difficulty in carrying their decision into

effect.
The New York /remit/ gives a very gloomy
pictdre of the present condition of affairs in the,
Union) and we have reproduced some of its
principal outlines for the enlightenment of the
more sanguine of our readers. At the same time
it will be remarked that the monetary, accounts
received from New York are considered decidedly
less unfavourable ; though a very heavy failure had
occurred in the sugar trade, the house being that
of Nora, Novara and Co. Some minor firms had
also been brought down.

An extraordinary express in anticipation of the
Overland Mail furnishes us with fuller particulars
of the interesting intelligence from China and
New ZOaland,' which 'was -summarised in the
telegrams already published. We have given a
full
.account of ~the Battle of Mahoetahi, which
resulted in the total defeat of the New Zealand
Chiefs anti their followers. •

It is stated that'Lord Elgin will go direct from
the Peiho to Jeddo, to see how matters are pro-
gressing' there, and *hat pregress Alditinii Jones
shall have made with his mission, to the Japanese
Goveninent.

it is at length announced_ that Francis IL has
, ;.,•.1
accepted the terms proposed to him for an armis-;
tice. • It will be a disgrace to Europe if hostilities
are; all Owed to be resumed: '',The. fire of the'
bespgers is said to have been terrific down to the
date of the 'SGpfenSion of Lhoitilities.
't he Council) °lathe, Litutenaficy, ofThiplea has
fol owed the example Of 'a body 'Similarly consti-
tuted at Palermo, where there has been another

TIIE DAILY TIT ES, MONDAY, JANUARY 14, 1861.

LIBERAL REPRESENTATIVES AND
• DELUDED CONSTITUENCIESi-

The consequence is, as was repeatedly
pointed out by Lord DERBY, Mr.' DnRAET,I, and'
others, during the discussions of last session on
the Treaty and the Budget, that we have e only
now to anticipate a deficiency this year of many
millions sterling to meet our national require-
ments. Those Liberals first. caused the necessity,
for our suddenly, increased expenditure for .our
defence, and then as suddenly caused that dlini-
nution of our' resonrces which, so far, disables us
to meet theemergency. The qUeStion then comesto.
be one of loyalty and patriotism, namely, shall ,

rious " demonstration." The members have all
\sent in their resignations to M. Farini. King
Victor has found it necessary to issue another
problamation, with a view to the removal of the
more recent causes of disaffection to his ink—
which are said to hav,e been foniented by the
Murntistsand; he ha.'B had the satisfaction of
learning that hill new-, Lieutenant, Prince Carig-
nan),. was_ saluted, on his arrival at Naples
from Turin, by the English fleet in
,the harbour.
The rumoured changes in' the =foreign depart-
ment of -the -French Ministry are- po.AtivElyden ied
by the Moqiteuri which at the'sarne:time pays a
' high complimeheto M. Thouvenel.
The ' gfat enemy or: Helfand—water—has
again put forth its strength, and broken down
the dams which protected households and fairriS
from its devastations: The 1111dt-owned. cattle
have, collected in the higher localities, whence it
is'impossible to rescue them', so that they remain
within the •narrow compass. of a dam-top, till,
stiffened with cold, they drop dOWn dead: The
whole scone is,described as heartrending.
The Rinnan Catholic bishops in- Ireland arc
about to issue a ,manifesto prohibiting clerical
patrons of Remaii Catholic schools from sending
their teachers .to' any of the. model or training
schools in connection' with the Natibnal
and also dechiriag that Roman Catholic patrons
will pot employ, in any literary capacity, pupils,
• monitors, .pupil teachers, or teachers who bray
enter any. of those institutions,. after the date of
such prohibition. Some of the Roman Catholic
prelates
,have, in fact, already promulgated this
edict within their respective districts.
_
Another aecident,happened on the London and
North-Western line on Friday morning, to a
Birmingham train, a portion of which went off
the rails, near the Cheddington.Station. No
severe injuries appear to have been sustained in
this instance, as if fOrtunatelY happened that no
_passengers had.,been
.riding in the. compartment
,which was destroy-ed. ;. •
-Peter Emalie,,the master of the Warlock, a
jt India trader, has becup committed. to Maid-
stone gaol for causing the .death of one:of his
crew by brutal treatment. According to the
evidence of the atirgeon exatnined at the inquest,
the death of the man, who was a negro, was
occasioned by "cold, exposure,- and—rieglect."
This gentleman stated, at the same time, that
when negroes were brought to this country, they`
ought to be supplied with plenty of clothing and
good food. The jury took this view of the case,
and found a verdict' of Manslaughter against
- Captain Emslie..
The authorities are busily engaged on the new
code of regulatiOns for the 'iolunteer force of
Great Britaini. and it is expected that it will be
,ready fOrissue in a week or ten days.

The murderers of Mrs. Waterman, of Dundry,
near Bristol have been apprehended, and prove to
be two riephe-ws. of the deceased.. They Made a
determined resistance -when captured. One of
the ruffians discharged a pistol .at his captor,
and the other endeavoured ineffectually to' do
the same. 1

It is announced that the Marquis of Chandos
has resigned the post of Chairman of the London
and North-Western Railway Company.
The inquiry into the calamity at the Risca
Colliery is being still continued.

Naturally

ENGLISHMEN 'tire' Very TaradoXical._
frank in disposition, they often, strange to say,
mean the opposite of -what 'they. utter.. -,Occa-
sionally professing themseNes one thing, they
are practically found to be the reverse. Denoun-
cing and despising insincerity and obliquity, on
the part of public men, they frequently ttlieraie,a
course of 'action by their leader§ the very anti-
thesis of their. avowed creeds. Individually and
nationally careful of their pecuniary and material
interests, and ready to applaud every cry which
implies increased sources of income, or diminished
heads of .expendittire; ' they hate disquisitions
'abont national finance, and would d.s willingly
read a tabular column of pure statistics, as •pcfuse
an elaborate paper upon.the. cans:* of the present
low state ociour receipts, or. of the high amount
of our disbursements. 'fine, 'we believe that,
popularly, the doubling Of'a 'few leading iteins;of
taxation would be more patiently submitted to,
• than the eoniptilsory Of a fery facts and
figures intended to provethat no increase of taia-
don whatever is actually necessary.: We hoest
ourselves, and our continental neighbours, taking
us.at our word,'taunt 'us with being -a thoroughly
"practicer! peopleo They, en the otherhandipridP
themselves;. and we have• tacitly given ,in td their
assumption, that they—we mean our Galilean
allies-ake an " ideal!; Teeple: No the truth is,
that in reality we are the Moro it ideal; fiedifid of
the two. France professed to go to war with
Austria in Italy for "an idea;" but, as it turned out,
the "idea" was a very substantial, stock of Savoy
cabbage! When England went to war against
Russia, and made such enormous sacrifices on the
bleak arid inhospitable shores of the Crimea, Was
it, after all, for anything but ‘i aii ideitl4' If arty.
really advantageous.. result was reaped, it was
wholly appropriated by France. England was
satisfied with the idea, of victory 'at any cost.
Applauding public. men whose ostentatious utter-
ances are nicely. calculated to suit the general ear,
the public art net easily
,roused to suspect,
nay, More; prefer not to doubt; the, sincerity of
their favourites. Indeed; 'with'
of that love of " blarney" which appertains at

least to the traditional Irishman, we find Englikli-
men disposed even to wink at a slight admixture
of that soothing elenient, .wlierf , adroitly
administered, even' when .conscious that the fun
may east somebody "deep slid dear.° It maybe
that iftimaii iidture itiii ersdll ig a 'kindle of
apparent contradictions and paratiOiesiitl, if
so, certainly, our own countrymen 'cannot boast
themselves as exceptions to the general rule.
What more striking illustration of the absurd

inconsistency which we too often witness on the
part of our Parliamentary representativei, with
comparative indifference, certainly without any
outbreak of impatience; dotild_ we cite than the
fact, no* patent to all the World; that the
" Reduction of the National txpendittire " has
been made the subject of a very specious com-
munication to the Premier, which is now being
circulated for signature amongst the LIBERAL
members of the House of Commons ? Who .has

. -
caused the present unusually high state of the •
public expenditure ? Who has squandered the
. national resources to please Prance ? To Whom'
do we owe the prospective deficiency for 1861 ?
To the LIBERALS! , We fearlessly assert, to the
Liberals,.aild to them only. They know it. "TheY
have not been ashamed to avow it. By reason of
their penny-wise-and-poutid-foolish cry —for lack
of any better political capital—about retrench-
ment, our naval and military forces Were giadually
year by year, allowed to sink into a state of
startling inutility. France, under the restless
and ambitious direction of LOUIS NAPOLEON,
backed, by his audacious Colonels, did not scruple
o ins ult us, and openly proposed to exterminate us:
Suddenly we were called on to make such gigantic
exertions to restore our arms afloat . and ashore
as have involved us in a wofully heavy outlay.
This we rightfully put to the debit of our Rus-
SELLs, COBDENS, and BRIGHTS. But they have
done more mischief than this. Latterly they have
pitChed across the Channel almost every source of
income except that most obnoxious and irritating
of all—the Income Tax ; while they have re-
tained the war tax upon the poor man's tea and
sugar.

we, at any necessary cost, maintain mir ancient
supremacy ;' or shall we, in deference to the sup-
posed Manchester interest, dismantle our ships
and disband our forces, until we arc again—and
more entirely than ever—at the mercy of any
foreign filibuster who may choose to insult us, or
invade
,our shores? Our " Liberal representa-
tives" prefer the latter course, and trust for Nip-
port to the popular cry for retrenchment, and the
rectuction of the national expenditure. They.
have fixed the country into the awkward and
unhappy dilemma of an enormous expendituref
on the one hand, and reduced .resources on the
other; and".now, like dishonest bankrupts, they
would denyi and 'run from their liabilities, and
leave
.the country to take care of itself as best it
may,: These " liberal" economists are the most
illiberal, extravagant, and dishonest financiers.
They are the bane of the country, and the people
have more than once begun to appreciate their
influence for evil,

..This trick of getting tip
.a communication to the
head of the Government, signed by Lord PAL-
MER.STON'S general suppOrters, if not altogether
new, seems to be looked upon, under present
Circumstances, as especially likely to succeed in
party manoeuvring.; It did; so last year in regard
to the religious clause of the Census Bill. It is to
be tried on
.again this year in reference to the
" Reduction of the National, Expenditure," and
• .
also, as ,we have before pointed out, on the
Church-rate Abolition question. We thus .know
about two of the main points of attack intended
by the Radicals this coming session, and also
their modus operandi. We are much mis-
taken; 'however, if they will succeed in either
case in realising anything else than defeat.
The people of England begin. to tire of
the . sickening jokes of these trading politicians;
and, fond as they are of a clever paradox, tolerant
as they ever have been of a considerable platitude
of humbug, and indifferent as they too often have
shewn themselvea.to, extravagance and waste in
our national means and, resources, we opine these
false Whigs have ridden their nag to death, and
have thoroughly exhausted the scarcely exhaus-
tible good -nature and , perennial patience of
the most trustful and indulgent, because the
most powerful and self-confident, people in the
world.. It is impossible for any impartial and
enlightened person to read .over the communica-
tion, now in course of signature, and to which we
have adverted, without being disgusted with
its ineffable presumption, unparalleled cant, and
unpardonable' inconsistency with facts. If the
First Lord of the Treasury is thereby to be moved
aside from 'the course of action he has hitherto
sanctioned, we have little need to dread his
greatly prolonged tenure of office and of power.
Every name now or to be attached to such a
docuinnt must be set down as something. little
better than that of 'a confessed traitor to the
Throne and the Constitution.

We are no advocates' of extravagant expendi-
diture ; far less do we plead for a maintenance of
Mr. GLIDSTONE'S income-tax, and the war tax
on .tea and sugar. If our choice lay between
the maintenance of the income-tax and the
abolition of the tax on tea and sugar, we
should certainly say, relieve ihe poor. But
there is an economy that is not wise, and a gene-
rosity that is not just. At the present time Eng-
land
is called on to deal with the primary ques-
tion of self-preservation. The amount at stake is
not so much temporary taxation, but all that we
are now, or ever may be, worth, as a free nation.
Our national free institutions, our liberfies of
speech, of the press, and of individual opinion are
at hazard.. If we value them above life itselt•
we shall be ready to makelitny sacrifices. If any
undervalue them, and would sell them for " a
mess of pottage," how shall they dare to hold up
their faces before their fellow countrymen, and
peesent themselves as the Liberal representatives
of the people ? Let the people of this great coun-
try give such recreant apostates to the cause of
freedom and independ-ence distinctly to under-
statid that their eondua tends more to. serve the
interest of England's enemies than those of their
not-to-be-deluded constituents'.

FALLACY AS TO THE GOLD
DISCOVERIES:

It is well remarked as a very striking fact, that
though not a single sovereign less than one hun-
dred Millions sterling have been imported into
Europe in Californian and Australian gold within
the last ten years, the amount of bullion in the
Bank of England at this hour is no greater than
it was before this gold began to be received. So
striking is this fact, indeed, that the very few (and
they were very, very few) who fore Saw this sin-
gular
teSult, would almost stand aghast at the
realisation of their predictions, in which un-
M][3'4'o;oll6 reasons were adduced why such a
result should he. We all remember the " Gold
Fever.". 'We can none of us forgelthati through-
out 1852, and the larger half of 1658, an almost
universal idea prevailed in England, and, indeed,
in many other States, that the great influx of
bullion then expected, and since realised, would
bring about a very easy money market, reduce
the rate of interest to one or two per cent., and
taiSe , the price of merchandise to a figure
*hien vithild be nearly ruinous to the pos-
sess Ors of filed ititnistes: A greater fallacy
there never was,—a national delusion more
complete, and, yet more groundless; ire rer east
a film before the eyes of a great people.
And it rested on a fallacy still greater than
itself. The fundamental fallacy was this :—That
-whereas from the sixteenth century to the nine-
teenth gold and 'silver in large masses were
ported from America to Europe, and did bring
abant; in fat; the results we have just mentioned,
it 4:is Concluded by the writers and the speakers
on the qiiestion; in IES and 1853, that what had
been accomplished in d period of three hundred
years might be reasonably eXpeeted (an this rapid
locomotive age) to be brought about in three.
This was the great fallacy ; and we look back
upon it now, as some very few of us did then,
with the wonder and astonishment it was calcu--
lated to produce. But the time has arrived for
reiterating the truth upon this subject. It was
this :—The discoveries in California and Australia,
and the large production of the precious metals
they gave rid to, occasioned a flow of business so
enoritions in every quarter of the globe—gave
rise to such increased supplies of all raw produce
—brought about such antaiiing building specula-
tions, both on land and sea, created such
immense transactions of all kinds, and so mul-
tiplied exchangeable commodities, that the very
weight of these transactions, their extent and
ramification, and the unlimited amount of paper
issues which they floated iii every place, pressed
doWti With an overwhelming force upon the
lever which had raised them, and, though
they could not succeed in breaking it, have
bent it into an inert and helpless mass, In other
words, one hundred millions of the precious
• metals were overshadowed by one thousand
millions of new engagements; and as if the natu-
ral result 'was not enough, it was increased and
•. greatly aggravated by the rise of innumerable
hacks; some of which, not content with the
timate extension which the real transactions gave
them, fostered and encouraged spurious issues,
which brought ruin on many thousands and dis-
eredit on a class of institutions which, if cau-
tiously and judiciously managed; are calculated to
neonfer the greatest advantages on the country-
Another crisis has now occurred, and a state of
matters prevails in the financial world, certainly
as curious as any that has previously occurred.
The question how it is to be received and dealt
with, an d .how the recurrence of similar periodical
disturbances is to be guarded against, prepared
for, and rendered as innocuous as possible to the
trading interests of the country,. is obviously one
of the most important, as it is certainly one of the
most difficult, questions of the day.

We have reason to believe that Mr. Baring will
succeed Lord de Grey as Tinder Secretary of State for
the War Department, acting under the neiv Lord
Herbert ; and the Lord de Grey will take Mr. Baring's
place in the India Office, and represent that department
in the House of Lords.—Observer.

The Earl and Countess of Derby are entertaining the
following circle at Knowsley Park :—The Earl and
Countess of Chesterfield and Lady Evelyn Stanhope,
Viscount Canterbury, Lord Colville, Lord Stanley,
Colonel the Hon. W. P. and Lady Emma Talbot, Hon.
Miss Wilbraham, Hon, Captain Talbot, Hon. Captain
Stanley,. Sir Robert Gerard, Mr. Allen Bathuist, and
:.11r. C. Leslie. The noble host went out for the first
time since his recent illness on 'Wednesday. His lord-
ship went to see the shooting of his friends in the
preserves of his park.