The Express.
London, England, 1855-10-20 00:00:00

THE MONETARY CRISIS.

813,—The step taken by the Bank of Ragland
to day snot mall to every me imannant with history the
steps takes by that latitudes doing the war amement
ea the Int Freon renhatioa. Inds( that pelted geM
contistasel to ►e imported, setetteataedisi the sum
timed embummeat of the pries of army, min badmen
was empletely paralysed and the notional Wenn nearly
destroyed. Pitt empendod sash payments, geld was punted
from day to day at its market pries, badness resumed its
*Welty, no me tat the exchange dealer earn w►at was the
peel of geld, sad the wer (whether advisable or not) was
gloriously laminated. The present stringent mime of
the Beak le avowedly to step the drain of gold; sad to de
so, all island tramactioss based es these maths' credit
are included along with this. whin► lave been catered into
solely for the 'sport of geld. At a period when
inerman taxation is required, whoa bread le es high
that the fully occupied labourer sea seareely par-
ohne the requisite maatity, mil after the nation
has for maths been patiently pining through this
snoms trial, ere farther ealle to be net and fresh Weis
essonaterod, are the revenues of gmenment to lowish'
sad 1111411111111/011 of greater *mean to be inearred, sad, erne
all, is oar safety as a nation to be found by ernehlog our
'mercantile orneseneity, by destroying our mans of inereses,
suspending our ladestry, &slag oar hoteries, sad turning
thousands of starves( operatives late the striate ? That
each erUl be the remit of the mime sew brought
to beer, no one acquainted with Amen sus doubt, as all

traden will rather lose the chance cf a pelt than encounter
that of being saeght in a moastary with. It le said that
the theearace of the Beak applied yesterday to the govern-
meat for lases to Imo more than 14.000,000& of soles on
other securities than gold, mad that they declined to interfere.
So the wisdom of our rulers ordains that either partial
ruin shall overtake env trader,, or that the risks( oedema
this shall los ensesatered, until either our unduly de-
pressed markets shall sada the foreign enseamer, or the
diggers mod es more senate to lie sawn is the vaults of
the Bank and unknown but for the announcement el the

beard—rather than h►t tbe set of 1844 ►hall be isfriaged,
et Asteroid Amid be mitered to be, ea we permit It to be is
kestrel* a marketable artiele, Meg and falling is mord-
same mitt supply and demised.
Leader; Oct. 18. R.

PIOCZEDINGS AGAINST TSB MATOS 07 PONTIp
712ACTL—Barly this week, bet we a fail beady at the Town-
ball, Pontefract, Alderman Closet (who has beta twice
may exhibited 'Aides of tbe popes stalest Mr. Jeffersoo,
the mayor. It appeared that for some time pest
hod existed between the parties. The mayor
bed dump* Alderman Mail sad hie solo with hatted sub-
sumed ftleeisse to commit perjury tipsiest him is ea settee
beau& by the Mayor agaiast Dr. Wood for the sedustion
of the Msyoe's daughter. They bad olio qoasrellod ie en-
seftssmes of the Mayor stating that Mr.Cloegh had attempted
to take his house over his head. Dariag oft of their
holerviews Mr. Jefferson said to Mr. Closet " If I wee age
the Mayer of Poatefrost, I would give you a good borer
whippiag." Mr Clough said " Resollest that's a pass at
whisk two sea play at; if yea begin, you will fled that you
will get two blows for sae " Mr. Jefferson thou said, with
a sneer " Wish you wisking eye sad your Lao leg." Mr.
,C=ealled the Mayor " a dirty blackguard," sad
en apology for the insults be bad reseived heft
hi.. Mr. Clough deposed that he believed the Mayer
would mush a breech of the pesos, be bevies eased"
horsewhipped Dr. Wood. It appeared farther that Oa
Mayor had mewed Mr. Clough with exhibition Ml=
writtea by Mks J, brace to Dr. Wood, wide& Wet NM
lato his plesessisa, to his profeedosal capacity. Mr.
Cloogb basil about Shy of these letters ia his peaseadea.
ea" they were demented to his as most filthy. So
showed these letters bemuse the deludes( bed
saki that be (semphiasat) bad suborned wit-
nesses. He did Mb la order to justify bimetall. Dr.
Wood is a married essa. As astift had been astamsased
spied him by Mr. Jeffers's, for the sedustilla •t bl
daughter. Witness bed heard that the damages waekdi
at $.lOOl. Teo action bad bees withdrawn. Ia a emualae
ties which wittiest bad bad with Mr. Snooks, Q.C., he had
said. after maim the letters, it would be iaaresaiblegg
• verdist what Dr. Weed. Mr. klichletbwaite add
the Wash ea behalf of his sliest, teeming very mall
anemia of tbe @Ohm to *imolai the letters +bleb
bees whims by the umforteeato gist to be,
also twateratima very etramely apes the bweilwa
of Dr. Wood. at Maasbasear. vibe be said rWhlr Sweeell
the threshing ieWel XL Jetsam bed #wilt him. The
leaned •••••el sestimiei by allay apes the boob le
"iambs the eon. Tee redral tar a few taboarae,
and ea their return the ieimaa saseaserd that it was the
asaalsolas opinion of the present that the shame
shad" Ire ilimberri.-7arbbbe Garerre.