The Daily Times.
Liverpool, Merseyside, England, 1860-11-15 00:00:00

GOSPEL PROPAGATION SOCIETY.

EXTRAORDINARY SCENE AT THE MEETING
IN BELFAST.

BELFAST, Nov. 12.

At a public meeting in the Music-hall, this evening,
at which the bishop was to preside, the Protestant
operatives were present in great force. When the
bishop appeared they hissed, hooted, and cried "No
Popish, no Puseyite bishop !—Freedom of pulpit !—Put
him out!" and caused great uproar. Mr. C. H. Ward.
called on the bishop to explain certain acts. This was
followed by confusion, uproar, and cries of " Put out the.
bishop !" "No Popish bishop !" and at length the
bishop and the rev. deputation and friends left the plat-
form and returned to Holywood. They were hissed,,
groaned, and hooted while retiring.
Mr. Ward moved that in consequence of recent acts,
the bishop could not preside at a meeting of Belfast.
Protestants, and that the Rev. Dr. Miller take the chair,
which was carried, and the chair was taken accordingly_
The meeting was then opened with prayer and a short
address delivered by Dr. Miller, when the proceedings.
closed, and the audience retired in orderly manner, the
missionary meeting having been postponed in con-
sequence of the scene.

THE RISE IN THE RATE OF DISCOUNT.

(From the Times' City Article.)
The Bank of England have raised their rate of discount.
from 4J,- to 5 per cent. This step was adopted on Tues-
day evening after the ordinary business hours, in conse-
quence of a withdrawal during the afternoon of £300,000.
in gold on account of the Bank of France, and which it.
is understood will be forthwith followed by a further sum
o f£2oo, 00 0 According to the advices from Paris, it seems
that last week the Bank of France did not contemplate,
any operation of this description, but intended to,
rely upon the effect of an advance in their rate
of discount. Having already, however, on recent
occasions offered a slight premium for gold, they have
stimulated the public to rush for supplies, and conse-
quently the pressure during the last few days has been
such as to create uneasiness and to induce a resort to the
present palliative. At this period of the year in France
there is always an active demand for coin in connection
with the vintage, and, as there are now large grain
transactions also going on, the requirements, especially
at the branch banks, are peculiarly heavy. The pro-
ceeding of buying gold to meet such a state of affairs is
f simply
ta
an
ta
thel o g oeut
hs
et
ro e tnhda, ta onfd pouring
could n never earr watereb e
understoodi
resortedn t into a pi pt ee tl
any country where currency principlesby
the people at large. But it is less than twenty years since
a similar experiment was practised on this side, and in
France it has-been tried at comparatively recent periods.
As far as its influence on the London market is con-
cerned, it is worthy of little notice beyond such as is
bestowed on any great movement that mutt necessarily
end in nothing. We sustain no loss, but, on the con-
trary, in the shape of commissions, premiums, &c.,
make a moderate profit. Not an ounce of gold from
this country will remain in France beyond such as
would go there sooner or later in the regular course
of trade. Even when an accumulation of specie
is taking place here we usually have to make remit-
tances to Paris, because we are the banking-house of the
world, and a great part of the Australian and Califor-
nian payments to France are made through London-
Just to the extent that we are now sending an extra
amount is the extent to which our future payments will
be lessened. The Bank of France at a certain cost, and
in order to appease the public anxiety caused by their
two last monthly returns, have drawn upon us prema-
turely. Our position is like that of a man who, in con-
sideration of a certain allowance, pays at Lady-day the
rent that will not be due till Midsummer. There
is nothing in this to call for " corrective" measures.
The Bank of England are quite right in putting up their
rate of discount, because the sudden withdrawal of
capital to a country where it is not yet due naturally
creates an artificial scarcity in the market, and enables
them for the time to insist upon higher terms. The
public, however, will understand that they do so simply
in conformity with the 'sound principle of charging as
much as they can get according to the law of supply and
demand, and not from any idea of regulating or checking
the transactions in progress as if they were to be con-
sidered of a hurtful or disturbing character, and as
requiring some prompt measures of interference.

ECCLESIASTICAL INTELLIGENCE.

BENEFICES AND APPOINTMENTS VACANT.

DEANERY-RURAL.
in the dio. of Ardfert and Aghadoe : Rev. J. E. Trench, dec.

RECTORIES.
Kenmare (and V.) : dio. Ardfert and Aghadoe : pat. the Crown :
Rev. J. E. Trench, dec.
Linwood, co. and dio. Lincoln : val. £420 : pat. Sir G. Aston :
Rev. W. Ramsden, dec.
Witham, North : co. and dio. Lincoln : val. £520 with resi-
dence : pat. Viscount Downc : Rev. H. Neilson, dec.

PERPETUAL CURACY.
Emlaleton, Cumberland : dio. Carlisle: val. 254: pat. Earl of
Lonsdale : Rev. A. B. Clarke, prom.
London, Quebec Chapel, St. Marylebone: pat. Rev. J. H.
Gurney : Rev. W. C. Magee, prom.
DONATIVE CURACIES.
St. Osyth, Essex : dio. Rochester : val. 2100: pat. C. Bran-
dreth, Esq.: Rev. J. G. Jenkins, prom.
CHAPLAINCY.