The Northern Daily Times.
Liverpool, Merseyside, England, 1856-04-22 00:00:00

ditto, 6d

SOLICITOR' DEED BOXES, with Patent
Locks, from lOs.— London make.
THOMAS WALMSLEY,
stationer, 64, Castle-street.
T lETTER AND FNVELOPE CASES,
in Walnut, Oak, or Mahogany.
THOMAS WALMSLEY,
Stationer, 64, Cattle-street.

DISMORE'S 2s Semi-gold PEN, elastic, yet
firm ; will not alter in the slightest degree by use,
or corrode If left in the ink—a really good. usefu', and durable pen.
Corner of Bold-street.

POSTING BILLS, 30 BY 20 INCHES,

PRINTED IN THE BEST STYLE, AT

6s. 6d. per 100, or 50s. per 1000,
• BY CHARLES WILLMER,
GENERAL PRINTER NORTHERN TIMES OFFICE,
19, SOUTH JOHN STREET. LIVERPOOL.

TO CAPTAINS, MERCHANTS, AND, OTHERS.
ELEGA NGE AND ECONOMY COMBINED AT
D
MYERS', FASHIONABLE TAILORING
AND OUTFITTING ESTABLISHMENT,
72, LORD—STREET, LIVERPOOL.
Gentlemen can save Twenty per cent. by hav ng their clothes
made here. A scientific correct fit, and choke Lom select Stock, of
the most approved materials.
N.B.—No Ready made Clothes kept upon the Premises.

SHIP BROKERS' CARDS, Printed in TWO
COLOURS, at HALF-A-CROWN a HUNDRED,
by CHARLES WILLMER. GENERAL PRINTER, NgIiTHRIL/4
TIMES OFFICE, 19, South John-street, Liverpool,

GREY HAIR RESTORED TO ITS ORIGI-
NAL COLOUR, with ease, safety, and certainty, by
the PATENT GALVANIC COMBS and BRU'HES, which, are sza
unfailing remedy for neryott= headache, anti all neuralide affections.
Illustrated Pamphlets " Why Hair becomes Grey, and its Remedy"
gratis, or by post for four stamps.
Wholesale Agent : W. HALL, No. 10 Office, 18, Chapel-street--
where testimonials an the effi cts on grey hair may be seen.
Agents : SAOAR, Castle-street ; DRAKES, 19, Ranelagli-street ;
BAHLR, Bold-street; FLANIGAN, 3, Berry-street; BAitsma, 41.
Great George-street , JACKSON, 97, Mount-pleasant.

TO SHIPOWNERS AND EMIGRATION AGENws,
TENT EMIGRATION SHIP
CANDLE LANTERNS.
These Lanterns, which are rosnufactored by PRICE'S Parstarr
CANDLE Co. and used in tit the Government Emigration Ships, can
now be supplied by the undersigned to ad Shipowners and others.
They are strongly recommended for their safety, economy, and
cleanliness, and hare met with the fullest approbation of the
Government Commissioners, and all who have used them.
N.B.—Thege Lamps, from their perfect safety, are expressly
adapted for Warehouses.
GLENDINNING AND WILSON,
JAMES STREET, LIVERPOOL

UNDER ROYAL PATRONAGE.
DR. EVANS'S MILK BISCUITS FOR INFANTS.
, ved of in the
THESE BISCUITS, as Food for Infants,
are highly recommended by the Faculty,
are used and highly sor
ROYAL. NURSERY;

also, In the nurseries of most of the
NOBILITY A:
of England. They are also much i

NI) G E

It diet for

INVALID

being of a pure 'lnd whriesoine.n7tsu"

sold in Liverpool by Jonn
Brook', Elhott-street Jame:
Hughes. et. Jameb's. h.ce ; J. for
hew, Castle-street ; Watson I eck,
Lord street; A. Urmson, Bold-strect ; F Woodhead. Cl
Charles Stubbs, Berry-street ; Titter" gtor
place; &c. And in Birkenhead by J. Candler
'Glovers Thxunia, Timule and Co., &c

street; J. andW.
: n row; Samuel

; Nixon and
ha Priestley,
arch-sty eet ;

Rauelagh:
.enders and

Eftlt kortlyrn

TUESDAY, APRIL

22, 1856

THE avalanches of interrupted commerce are
thought to be threatening destruction on every
side. Such are the dangers of peace; and if they
should convince even one civilised nation of the
enormities of war, mankind will have reason to be
thankful.
We e. hav repeatedly said that bloodshed
as a pastime is impracticable in these days. There
is no want of human weakness and wickedness to
invalidate this assertion. But the social revulsions,
followed by a vast accumulation of national debts
which come upon us on the restoration of peace,
are the [salutary admonitory to deter men from
embarking in war. Our 800,000,0001. of indebted-
ness has made Great Britain the champion of
uni-fersal tranquillity. It 16 that domestic Zizanero
who keeps us from employing the sword for inva.
sion or less humane purposes. Make 27,000,000
of people debtors to folly to the same extent,
and they will become wondrous wise and
merciful. Add for the Russo-Turkish war
another 100,000,0001. to our former burdens, and

we may expect to see statesmen become second
DANIELS, and our ploughboys profound moral
philosophers. We have no wish to see all this
come to pass. But consols wll not be quiet—corn
will go down, and cotton must " look up."

The specific gravity of sugar, especially
" crushed lumps," and " stiff-clayed,"—the bulki-
ness of tea, and the other leading necessaries of
civilised life, are all reduced to so many negatives
by those well known and much dreaded tyrants—
supply and demand. They are the monsters
whose movements the world have to watch in this
age. Even gold has lost its ponderosity, and
moves about the worldin parcels as big as the bags
in which we formerly imported German feathers
and dandy baskets. And the statesman who can
grapple with all these phenomena is by no means
a contemptible genius ; and we should be disposed
to back him, either in peace or war, against
all the dreamers of military glory and
bucaneering renown, in creation. For example.
Let us suppose that the British Government
could assure the public that Consols would not
fall, cotton would not go up, and corn would not
follow a " downward tendency" for the next twelve
months, what incalculable strength this would
impart to ourselves and a whole circle of foreign
countries. But where this cannot be done, what
doubt, difficulty, and weakness, war bring,s upon
nations. The savage impact which bears men
forward to the crimes of bloodshed, is but a myth
compared with the force of the recoil which attends
a return to peace. And it is impossible now

for any man to say wbat will be the future of

trade

As for this country, we are in anything but a
healthy condition. In the olden times our com-
plaint was a bucolic ephemera, or one day fever,
but since we have imported our ruling economic
principles from the Esquimaux, epilepsy has
become the national disorder. Look at our actual

position at this moment. The stability of com-

merce, and the solid interests of trade require that
there should be no sudden re-action in the price of
commodities, while, at the same instant of time,
we are told from the House of Lords that the
present high banking rates of discount are the
result of a drain of bullion, and that " the means
" of getting back the gold is by making money
" dear, and causing a fall generally in the price of
" commodities." Now, with such a system as this
in operation, how are we to escape that re-action in
the price of all our import and export produce,
which must destroy the stability of trade ? What
can keep corn from going down, or the manufac-
turer and farmer from sacrificing his produce at
the low price required to bring back gold ? Does
industry gain by this artificial cheapness ? The
working classes must know that an impoverished
and cheap country is the last place in the world
for a labouring man of any kind. Who, then, does
this forced gold cheapness benefit ?
We need scarcely point to the profits
divided by London bankers of late years in
answer to our question. The bullion trader
has the whole fruits of the industry,
the entire profits of trade and commerce falling
into their ten and twenty per cent. dividend coffers.
And at the very time the House of Peers is dis-
posed to add 2,000,0001. or 4,000,0007. to our
limited note circulation, the House of Commons is
passing a bill to authorise the Bank of England to
continue the payment of a commission to private,
and other banks of issue, for the abandonment of
their right to issue notes ! This will deprive Lan-
cashire, and the other manufacturing districts, of
fully 5,000,0001. of that local note circulation,
which the rapid expansion of trade so imperatively
requires. The first efforts of the banking mono-
polists, was to deprive Lancashire•of its legalised
paper issues, and fearing that the liberal and
trade-sustainingl.bankers of Scotland would come
to our aid, they absolutely obtained an act, 7th
George IV., to prohibit, under penalties, the
circulation of Scotch notes in the North of Eng-
land ! The completement of this Whig usury
policy will be found in the Bill now before the
Commons. How the Lords will receive this
legalised currency restriction measure, before the
whole of our monetary and banking laws have
undergone " a most searching investigation"—to
use Lord EGLINTOUN'S words, remains to be seen.
The Bank directors, doubtless, are anxious
to get that bill carried before they apply for a
renewal of their charter. They want to keep
the banks of Lancashire out of the issue market,
that this county may be made to pay a or one
per cent, more for banking accommodation than
Middlesex, and that they may be able all the readier
to employ " the means of getting back gold by
" making money dear, and causing a fall generally
"in the price of commodities." The commission
which the Bank of England now pays the pro
vineial banker to forego his right to issue notes,
is charged to the public, and the people are
therefore paying for the prohibition of that cir-
culation which should expand with the increase
of population and trade. But to revert to corn.
That it must fall in price in obedience to the law
which makes money dear, and all other com-
modities cheap, is quite certain. Seven per cent.
for money is the application of the bank-screw,
without any mistake.; and what we want
to know from the Chancellor of the
Exchequer, or some other usury oracle,

is, at what point epilepsy is to stop, and what
other commodities are marked out for the falling
sickness ? It is quite enough for those in the corn
trade to know that Russia alone is ready to send
us large supplies of grain, and that prices must
recede to the European average of 1852. For these
natural changes the merchant may be able to
prepare himself, and escape without serious loss ;
but how is he to meet the forcible means employed
to depreciate the value of the substance he holds,
to bring back gold, and satisfy all the other wants
of the bullionist's and usurer's rapaciousness ?
The State will require a loan of 15,000,0001., as we
predicted long since, to close the war; and until
that amount has been obtained, the Bank of
England directors, who are only required to look
at such matters as ordinary bankers do, would be
acting contrary to the interest of their stock-
holders, if they were to think of reducing their
minimum rate of interest in favour of trade ; and
they will not attempt it, unless sorely pushed by
a pressure from without. Consequently, prices
must fall, and the public should always be pre-
pared for that which is inevitable.