The Daily Times.
Liverpool, Merseyside, England, 1860-04-23 00:00:00

'PROVINCIAL, &c., MARKETS, SATURDAY.

MANCHESTER SHARE.—Leeds, 105 a ; :Doyens,
267, Midlands, 116 k.
GLASGOW IRON.—The market steady. No. 1,52 s
3d to' 52s 9d ; Warrants, 53s 3d to 53s 6d ; No. 3, 525
to 52s 9d.
CORN MARKETS.—CORK.—Red wheat, 30s. to
31e.; barley, 16s. to 225. ; oats, 14s. to 17s. 6d. DON-
CASTER.—Red wheat slow sale at late rates. White
wheat scarce and fully as dear. Beans and oats rather
dearer. Grinding barley scarce. Malting nominal.
CARLISLE:—With a small supply of all kinds of grain
wo had quite a quick market, at an advance of Is.
6d. on the week. Oats and barley sold readily at last
week's rates. NEW CASTLE.—Good supply of wheat
from farmers, which has sold slowly at prices of
this day week. South country and foreign held for
extreme rates with firmness, but sales only trifling.
Flour firm, but quiet. Malting barley—Dull sale and
prices in favour of buyers. Oats held for Is. per qr.
advance. Beans and peas more enquired for.
CATTLE MARKET.—DoscAsTEß.—Business very
inanimate, and what • little changed hands were at late
pricei. Pigs—Large supply and heavy market at is.
per headlower.

prom.
Diddlebury, tr. Westhope, D.C., Salop : dio. Hereford val.
£358 with residence pats. D. and C. of Hereford : Rev. T.
Underwood, dec.
Elmley-Castle, co. and dio. Worcester : val. £ll2 with resi-
dence : pat. Bishop of Worcester : Rev. H. Bennett, dec.
Marton-in-Cleveland, co. and dio. York : val. £123 with resi-
dence : pat. Archbishop of York : Rev. R. Machell, dec.
PERPETUAL CURACIES.
Marchington, Staffordshire : dio. Lichfield : val. £92 : pat. V.
of Haubury : Rev. H. Bennett, dec.
Newborough, Staffordshire • dio. Lichfield : val. £9l : pat. V.
of Hanbury : Rev. H. Bennett, dec.
Edale, Derbyshire : dio. Lichfield : val. £126 with residence :
pats. Trustees : Rev. G. H. Spurrier, dec.
CHAPLAINCIES.
To the British Embassy at Constantinople : Rev. H. M.
Blackiston, prom.
To the Union, New Forest, Hants.
CURACIES.
Aldbounie, Wilts : dio. Salisbury : stipend £lOO.
Clapham, St. John, Surrey : dio. Winchester.
Clarkenwell, St. Philip: di.. London: stipend £lOO.
Lacock; Wilt§ : dio. Salisbury : stipend £B5.
I.4ane End, Bucks : dio. Oxford ; with title. '

EAR.---It will be seen by our advertising columns that Mr.
Rackham, of Norwich, one of the most celebrated aurists of
the day, and whose treatment of the various forms of deafness
11,1.3.een so successful, is in Liverpool, and may be consulted
The latest edition. Just published. Sent free per post for
three stamps, or may be had on application. TEETH : Tuna
Loss AND RESTORATION. On the best means of restoring teeth,
by the new principle of self-adhesion, with vulcanised gum-
e°lonred India-rubber in lieu of bone or gold, and by means of
a flexible gum,
without springs or wires, and without extract-
ing roots, at half the ordinary cost. By Messrs. Gabriel,
Dentists to the Prince D'Ottajana. A Inuit= in
pavvo bro-
chure, which all re9uiring the aid of a dentist will do well to
peruse, as, emanating from such a source, it may be confi-
dently relied on.---United Service Gazette. Dental Establish-
ments : 134, Duke-street, Liverpool ; 33, Ludgate-hill, and
110, Regent-street, London Note name and number. Estab-
lished-1815. Tide diploma.

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HIGH WATER, THIS DAY AT LIVERPOOL.
Hour. Height.
Oh. 6m.117ft.. ' '
Oh. 23m. 16ft. 10in.

I.IOItIIItCG
EVENING

MONDAY, APRIL 23, 1860.

THR.DAY-S- NE-V

bare, and, as the world thought, already laid up
among its archives of ascertained results ; tocon-
tinue,its strain, like theyaOnifoi-at7an Egyr:tjan
fee,st,7ntil wisdom's selibeEontes titiOnOtarryl.' Is
it not more' than probable that this night these
lessons will 4,11 forgotten, and conscience itself
pushed out: of court, by a ionsiderable majority
of the 668 picked men of England'? .;
. .
The Question of Reform' having„as regards the
region et.debate and argument, arrived at this
thorofighly•understood and, we may say,,,tatisfac-
tory position, there is no wonder that everybody
heartily wishes to be rid of it. We know all that
can be said on both sides—the side of authority
and. the side of liberty.. We know all that can
be said by all Sorts of inn;--Political writers and
statisticians, -social theorists,- popular agitators;
envious manufacturers, aristocrats and democrats.
We know all the views of every type of intellect,
and every branch of. knowledge; what history
can warn, prophecy fdretell, PhilosoPhy philo-
sophise, optimists dream, and logic prove.• This
has been the question Of history, the struggle
of mental and physical
_forces-, the difficulty of
statesmen and the doubt of patriots, for all. time:
How it has been solved by books and in the
schools, and how by bitter experience and in the
fate of nations, is the knowledge of our childhood.
How it is working itself out in other, nations,
both in *the social and in the intellectual world,.
is before our eyes.; revealing itself in phases some•
subtle for the few,. some coarse and explicit for
the many, We come then to this question fully
equipped and furnished.lit all points : It is with
nations otherwise thatt 'with individuals to them.
age brings its experience, without imparing the
vigour which is to appreciate and apply it. Tipie-
bearing with it its rich "and accumulated stores,
deposits the gift in cur bands without a draw-
back: Age is to us not.a winter but- a summer,
We have entered unenfeebled upon our heritage.
We have no hesitation, therefore, in admitting
that it is sta:ange, if' we who-profess to have pro,
fited from all—these-teachings of experience, and
wisdom verified by results, are fbtind going back
to our political primer. It is stranger still, if that
prudent and moderate.. politician.,Thoid JOHN
RUSSELL, should be found dragging us back in
spite of ourselves and_eyey in spite of his own
recorded,.tlaeories,...to the A. 8.0 'which we left
'Somewhere about 1688, and which has been kept
fresh since,.ehiefly .by,the. mating practical coni
_ .
mentary which no one has had two. opinions
about, on the other side of the Atlantic. We are
not incleett.un.'Otiseialioilgh to-"eipect, that even in
this country undet"the -benign 'shade Of
balanced Constitution which has served every
purpose of a Constitution better than any
Government in history; and Which,- aboVi all;
has irrittzttritTrerbyttriffirtic*-Ordev-el6-p-iiient",
an aptitude lig- evembenefipial improvement and..
every necessary expansion,—that even here, all is
to be plain.-sailing, and the old conflict is-to give
no sign of its subtle presence in the bosom. of
society. The iavi. of right in this world, which.,
means the equilibrium of moral forces, will never
be out daligElbTailfiiThiiikei fact:in a
population and a socipty. like . curs, such total
immunity would possibly-be-a Sign of lifeleiSness,
or of a mere grOss'and- material life: But in a
state *here this balance is happily well preserved,
the disturbimee.ii to be looked for in the lowest
strata of society, ,where inequalities, not the result
of oppressive enactments or arbitrary customs,
but of. the, congregation of masses,,will often breed
uneasiness and discontent. lower. 'resides in
numbers ; and we know that numbers willalwdys
have a tendency to use their power to the pre-
judice both-of property and of intelligence. This
and such like are the..tendencies which are.all
well marked out beforehand, to be provided
against, to be diverted,- to.be-instrueted,—if neces-
sary, to be repressed. They are just the dangers
to which kpopular Government is Qaposed, and
to which a -Government well known to us,
appealed to sometimes as an example and some-

Tom Sayers, on 'Change, must have been a very
notable -sight..... Who sun-piotare the seene-ef--thi
brave hero of the English prize ring, who could
rise and smile in the- progress: of
.the
_fight, after
being knocked. down. by a giant's blow, for the
-twentieth time,.and yet was.moved to shed tears
on the top of, a mahogany, table, by a little
cajoling and caressing . from _his friends, and
admirers on 'Change, without. some internal
philosophising as to'-the curious pendulum-like
nature of man, swingingas it so frequently, and
so strangely, does between a smile and lux ?
And even as to: these smiles and tears as considered
in connection with their several producing causesf
how often do they remind us of the common
asseveration that there is, even in human nature,
but a step from the sublime to the rididulons.
The champion smiles at a blow that might
almost fell an ox—he cries at what might. amuse
a baby. This, however, is a way of putting it,
of which, although it may - please
.the lovers
of verbal antithesis, we may say to such, with
reference to its real explanation,
"There is more in heaven and airth7Hotatib,--
Than is dreamt of in your-philosophy."
The great local event we, have to record to-
day is the 'launch, on Saturday, of other two
splendid steamers, from Messrs. Laird and Son's
yard, Birkenhead, for the rapidly-increasing
intercourse between this country_ and Ireland.
These splendid vessels, the Munster and the Con-
naught, were sent forward from the slip into
their destined element by two excellent and
amiable ladies, in presence of a large and fashion-
able audience ; and everything connected with

the occasion went " merrily as a marriage bell."
At the defamer both lords and cgmmons had
their several representatives present, and the
report we give of the various agreeable and
interesting speeches on the occasion will; ao-übt-
less, be read with great pleasure. We wish the
splendid fleet of steamers, the complement of
which, by these launches, is now so far complete,

with all our heart " God speed."
Ms Royal HighnesS the Duke of Cambridge
presided at the annual meeting of the Association
for Improving the Condition of the Wives and'
Families of Soldiers and Sailors, held at London
on Saturday.
The slave trade, in its most odious and unmit:-
gated form, is now in full action between the
coasts of China and those of Cuba. For partict-

times as a warning; has in a great measure
succumbed. If it were given to any mortal to
take mentally a whole sweep nf history past and
future, and to do it gradually and in the direction
of its own progress, we might well imagine his
intense curiosity to watch the development and
changes of the English Constitution, and his

lars we refer to another column.
The news from America, as -will be :seen it
another column, is not very important. '
cause of the poor slaves seems to retrogracb.
The news from Mexico is most lamentable. Tle
Americans seem to have completely gained tie
confidence of the Japanese. The recent disgrzce
of the Great Tasmania affair is made_ a bad. Ise
of abroad. The cargo of the Hungarian,-it mill-
be seen, is in course of being recovered::: TRyi:g
is nothing very new in the Monetary and. Cl
mercial world across the Atlantic ; but, as usual,
we give details elsewhere.
There is evidently something coming that is
likely seriougy to affect our relations with iur
" cordial ally" across the EngliSh Channel. Lad.
Cowley, it is rumoured, will not resume his dutes
as 'our ambassador at the French Court. The
exaCtisignificance of this it would, at presentibe
difficult to divine.
The rumour that the Spanish Governtient, hid
connived at the entire escape of the Count le
Montemolin is not correct, for; it *ill be seen, tlat
he and his larother have :been arrested. whit
will. be their fater—i-Whethei; like others, --less.
ilt• or, at least, less responsible, they will )e

auxieTy-to know Whether it had the fortune Or
the providence to escape the rocks on which every.
. .
other free GON'ernment has foundered, or is
foundering. He would know, as we know now,
that there is one peculiar rock on which such
States have an inherent liability to be ship-
wrecked. That if their destruction cau be pre-
dicted, or does take place, there is no doubt about

the particular
,Way in which it will be effected
or as to the tendency, which, consummated and
developed to the utmost, will involve everything
in a wide collapse. 'Having all this present to
his mind, who can help conceiving the intense
and watchful interest with which he would regard
the present crisis in the fortunes of this country.
One would think there are few who eould doubt
his amazement either at the wanton simplicity,
or the reckless _factiousness of some among our
rulers. Were. he as. Wise-as he could be made,—
wise' ill a god,li. a -heaffen inight Wiy;:;Live Can
have no difficulty in sharing all his apprehensions,
and conjecturing the counsels which, we cannot
but believe, he would bUiti-to' giVe: He would
see, as we can see, that in a mixed Government, of
..monarchy, aristocracy, and democracy, it is in the
direetion•of the last, that the balance is in' danger
.
of disturbance. He would see as we see,,that the
admission :of. numbers pow.er on the
principle of numbers—the Trinciple of. the- pre-_
'Sent jleforn...pill—andnOfpf:fiines St is the .directi

~,.. _,;

.guilty,
shot, remains to be seen: - - -*node in which the distilfbance*ill be, if -atoll,
The Swiss question does., not approximate a effected. He would see, as we see; that ne.matter
Solution that can be -satisfactory to anybody bit what lira ifi -7-tile ,Tu•se prac4ciii.:Eittich to those
Louis Napoleon. - The good-faith-of England: s. numbers, yet having once acted upon,the princi-:
eVerywhere suspected. This is the work-- of .
ple in however small a.clegree, it is.. but question
the French imperial diplomatist. :•. He• intended.
.that it should ba So; and . for the. nonde he of. time, and 'very brief tirki-when-lhe whole
has succeeded. Russia; fights 'shy of the real ntinier-ical.powe'r ihalklolld# in thi breach wh9i.
question.. Austria is willircg-,-but helpless, Yet has beeii "Made or the inroad.Of their faiernriffers,
she offers to do her best to secure.-the neutrality andflilrtreltitteritig-edifie"eterthe ground. -He
of Switzerland. England-that is to say Lorc could see, as we can see,7.that if the present bill
John Russell—Heaven save the mark !—is -being
passed' =the- result -wbUld be be and doubt, and
kept blindfold until the mischief is done.. We
beyond astonishment,- -- , - _ . .: .: -r
shall then "hare.. "another .confession from , oar • . • •
• But--there.lB.--0ni,411-ing- that-.-would astonish
• present Foreign Secretary of incapacityfor .his
.
him, as it may well :estoniSh7lus; namely, that
office, and 'our indignation will then be allowed
fruitlessly to exhaust-itself : ill..reful 'expre-sSions this inroad of ap.aiien :an(VaestructiAe prificfple
and in loud' corideninatioris of an evil which it into the Sacred places of the Constitution, -WOuld •
will- tlrem-be-to-p--late to-prevent -cri--ameliorate;------si-not be' the -tetult'of the sudden onset .Of brute 'add'
. •
Overwhelming pp*i:; hilt the' deliberate.iiuritation
IT has been the fortune of :.the *present Govern. , -,:. . .. .; - • •
...
. ~ . • o.c the aristocratic portion of it, planned arm
meat to identify its claims upon the respect of
executed by.thatVeteran COnstitUtiOnalist, Lord.
the country, with a project so questionable in its so'
ms----R--
USS LI. . • •••,' •- 7 -
.7 - -- 7- - :- - --- --- - • - -
• .. _
nature, and as to its probableresults, that nothing . • . . ..
.. . - • . . •
can,.be said against it which is not obvious. to. THE BANK QUARREL-WITH . THE
almost every sensible person in it.
. . . .
Upon the subject of Reform, which Ministers. •Most of our readers have read something about the
are so bunglingly dealing with that the data on recent quarrel between the great discount houses and
which they are proceeding is, by their own con-'the Bank of England. Those who have taken 'any
fession, still a matter of question, newspapers
interest in the question will be glad to observe that it
- , - -
nas virtually been settled for the time being. The facts
cannot help being tedious. They can say little involved. in the explanation of this quarrel are of greater
new ; and yet they cannot hold their peace. interest than some 'of our general readers 'may at first.
Legislators are in the same dilemma. 'The warn-, sight suppose. Every person knows and appreciates the
ings with which the ears of Government were disastrous consequences of a financial crisis ; and most
ie. pwehoaptl e
iscalled. are
calisod .
a wr a
the B
e • that the
Act;the B
have' , a nk.c)
much to do
f England, and
assailed in the Lords last Thursday were, v
need not deny, hackneyed and familiar, and with the aggravation, or mitigation of the effects
wearying to us in their repetition. But • what. of such an emergency. Very few people, however,
then? -Whose fault is it that every philosopher. .not engaged in business, know the amount of influence
wwhniacth.arhas bell idn hithe.rtO exercised upon these events, by
in the country,—that Reviews, " Whig and some-the discount houses.• A few words will
thing more,"—that men who have been accounted, explain this point, and at the same time make manifest
even extreme, Liberals,—that Lord GREY, the the nature of the dispute just terminated: In past
fame of whose title stands or falls with the pogo-
times the, discount houses have made large profits by
advancing money to their customers at a high rate of
lar movement of 1832,—that nearly every sensible interest, 'taking, an ackmiwledgment or security for re-
and honest man in every walk of life whose wits payment in the shape of " bills." This trade they have
are not a wool-gathering after theory, or obscured
the been in thßeahnkaboitf
England
carrying on
loony; r cevt:itt a moneytheobtained
difference
and dissipated by partisanship,—that all these frombetween the rate chargedg to their. customers' and that
are compelled to tell over again a thrice-told ,barged by the puk, being, their profit. The discount
tale, to recall lessons of .experience worn thread, Llouses have got this. 'help froni the Bank by hand-

ing- over their customers' bills, with their own names
added by Sway of additional security. This was all
very well, inn() fat.as it saved the Bank a great deal of
-; -; •
trouble in a:4g mor es as ,tile credit and respec-
tability of priiiate iii4iVidnalc, "And iirran'ti soltree of gain
for the discount houses. But there is a gieat deal more
involved in 'tstieh an arrangement :than at first sight
appears, especially in the event of a crisis. 'lf these dis-
count honses,have exceeded-their own private resources
to any great extent,"when a panic comes, and the Bank
is unable to grant them further accommodation, owing
'to the laW.--the Bank Act, whiCtlimits their credit—
the failure of the discount houses would chiefly agect
the Bank itself, which holds their customers' bills, as
securities for advances, to an enormous extent. To
save the Bank, it becomes necessary to save the
discount houses ; and this can only be done by
suspending .the_ operation_of the .law, :so as .to enable..
the Bank to issue more than the legal amount of notef.
In short the discount houses have been practically in a
—posificin-16 drain the Bank at if lower rate Than the-
general public for their own profit, and then to insist upon
'the'i3itspension of Bank Act to suit the emetgency
whiefi .th 4. then:Ls-Airs may have very largely helped to
bring about. -:Ip point of feat theteErent suspensions of
that act have been to a great extent dictated by the dis-
count houses, and concurred in by Ike. Bank Directors;
to save themselves: The Government he hid ne dthei,

choiCe than to 'obey. This evil having been fully seen
and considered, the Bank at last resolved to discontinue
the re-discounting Of bills ;
.a resolution which, while.it
promises to relieve the Government And the Bank from the
dictation of the bill brokers, also ids to their own profits
to the extent that-it diminishes the profits of the b;o'kerst
In revenge the latter resolved to withdraw all theli
deposits. They did so, and locked them up in their
safes,—thus, to some extent, crippling the circulation of
the bank. This is the whole affair. As' we have'iaid;
the dispute has; for the time being, been set at rest by
the two or three millions of lOcked-up notes hating
been re-deposited. There is still this weak point about
the settlement, hoViever, that there is at present little
or nothing to prevent the diicciant hotises fromlepeAt=
ing the withdrawal of their deposits and locking thern sip
again, and that perhaps upon a more extensive scale:-;
aided, possibly,. by an orgaidied. combination. This,
however, it is to be hoped, will gradually became leil
likely ; and there is every reason to believe that in the
long ran the general mercantile community, as well as
the Bank of England, will be the. gainer's. '