The Northern Daily Times.
Liverpool, Merseyside, England, 1856-12-30 00:00:00

reports of emutes at Kimedy, and of terrific fires
at Rangoon, Kurrachee, and Bombay.
We have news from Melbourne, to the Ist of
October by the Red Jacket, which arrived here
yesterday, afternoon, and the Overland mail brings
us intelligence from the same place to October 20,
and from Sydney to the 15th. By these accounts
we learn that there had been another ministerial
crisis at Sydney. The Governor General of New
South Wales had, however, put a bold face
upon it, and resolutely refused to dissolve. The
next intelligence will, in all probability, in-
form us that the House of Assembly have
taken it into their heads to have satisfaction,
and, therefore, stopped the supplies, a power
conferred upon them by the New Constitution Bill.
The circumstances under which the last Ministry
obtained power, and the loud expressions of
complaint which were current at the time when
the Donaldson administration gave way to their
suceessors, naturally led to the anticipation that
the latter were " not strong enough for the place."
How Sir William Dennison will act it is at present
impossible to say. He has a difficult card to play ;
and it will require all that cunning diplomatic skill
and dogged determination, which are peculiar
features in his character, to bring him clear of this
dispute with the " peonle's representatives" of the
colony of New South Wales.
From the colony of Victoria there is not any
important political news. The elections under
the New Constitution Bill were progressing, and
as far as was known, the results were generally
favourable to the preponderance of enlightened
liberalism. On the whole, the Government candi-
dates were pretty successful. The " squatter" party
had not been able to effect any great influence
upon the .general election returns of the colony.
The great contest took place in the city of Mel-
bourne, where two notorious democratic candidates
were placed at the head of the poll. The Attorney.
General was brought in third, the Mayor of Mel-
bourne fourth, and Mr. O'Shannassy, through the
concentrated efforts of the Irish and Catholics,
assisted by contributions of votes from the
" squatter " party, was fifth on the list. The news
from the several gold fields of Victoria and New
South Wales are still very satisfactory and
encouraging. The diggings in the Ovens district
were especially prosperous, and new deposits were
being continually discovered.
We have a variety of continental advises this
morning. From Paris we are informed that the
despatch of a note cf the great Powers addressed
to the Federal Assembly of Switzerland is a fact.
Nothing is yet said of its contents. The official
organ at Berlin says that the Prussian troops will
march as soon as the decree of mobilisation appears,
but the date seems not yet fixed. Certain mem-
bers of the Chamber of Wurtemburg have issued a
manifesto, urging upon the Government of Wur-
temburg not to lend any facilities to a war between
Prussia and Switzerland, which would inflict great
harm on the Swiss, as well as the German people
for no oLject, save that of a dynastic point of
honour. Reports begin to prevail that it is some-
what doubful whether the Conference would meet
yesterday, as announced. But it matters little, as
the settlement of the question of the frontier is
confirmed on all hands, and nothing remains
except the evacuation of Turkey by Austria and
England.
According to letters from Paris and other Con-
tinental cities, there is reason to believe that
the peace of Europe will certainly not be broken
as far as the Bolgrad question is concerned. The
pro-Russian paper published at Brussels has a
letter from Paris, which says in very positive terms
that the affair of the regulation of the Bessarabian
frontier, which the Conference will now have
exclusively to decide upon, may be regarded as
settled, by the acceptance beforehand of the scheme
of a ccmpensation in land to Russia, while Bolgrad
will be ceded to Moldavia, and the Island of
Serpents to Turkey, the delta of the Danube
going likewise to Turkey and not to Moldavia.
The Emperor of the French is named as the
originator of this plan. It is true, we are in-
formed, that the Turkish plenipotentiary is
adverse to any compensation, but if the other
Powers are earnestly bent upon such an arrange-
ment being effected, this opposition will be of
no practical consequence. The territory by
which Russia will be compensated, according to
this arrangement, is, moreover, to be detached from
the part that, in future, is to belong to Moldavia,
where henceforward the 'Turkish suzereignty, in
any case, will signify still less than it hitherto has
signified. The territory to be given in exchange
for Bolgrad is situated between the river Yalpuk and
a western tributary of it, comprised under the same
name. By this plan the frontier would remain at
a distance of five miles from the late Yalpuk, but
would run considerably nearer to the Pruth. Touch-
ing this particular matter, a person in Vienna, who
is generally well informed of what is passing
behind the scenes confirms the foregoing views
and adds that the area of the abovementioned ter-
ritory is said to be about 180 square miles, with a
population of between 8,000 and 10,000 souls. In
order to make the foregoing information complete,
it must be added that the Russian Ministers at
Paris do not object to the terms proposed.
The Grand Duke of Tuscanyhas lately published
a decree, completing the organisation of the
Technical Institute founded at Florence about
three years ago for the study of sciences applicable
to the arts, manufactures, and public works ; also
another, having for its object to favour the sending
of the agricultural productions of the Grand Duchy
to the Universal Cattle Show in Paris, in May, 1857.
An exhibition will take place a little before at the
Grand Ducal Palace of Casciue, near Florence, and
a commission will be appointed to select such of the
productions as seem likely to do most credit to the
Grand Duchy at the Paris Exhibition.
From Madrid we learn, that the Carlist chiefs
who have returned to Spain have done so with the
approbation of Count de Montemolin. It is said
that Cabrera will take advantage of the amnesty
and return to Spain.

The letler of Mr Smith O'Brien to the people of
Ireland, on the subject of the income tax, has given
room to somo of our London cotemporaries to
have another fling at the honourable gentlemen for
the part he has taken in endeavouring to obtain
what he considers justice for his ill-fated country.
Considering Mr. O'Brien's position, his honesty of
purpose, and his anxiety for the amelioration
of his country, ho has a right to propound
his views upon the political topics of the day.
With Mr. O'Brien's ideas we do not entirely
assent. Much that he has written in the letter
in question is open to objection, but there are
parts of it which even the " leading journal "
is forced to admit are not only sensible but worthy
of notice. Perhaps it would be better for Mr.
O'Brien to maintain his late privacy ; for it is
evident, from the newspaper comments upon his
letter, his present production pleases neither Whig
nor Tory.
Our police news today contains an account of
a " tilket of leave" convict, Martin Maguire, pre-
ferring a serious charge against a Mrs. Moore, of
Wood-street. To judge from Martin's appearance,
his labours in the hulks at Bermuda have not had
any material effect upon his • constitution. The
question is an important one; and as its conside-
ration will be again taken up to-day, we shall give
the final result in to-morrow's paper.

THE operations of the Bank Charter Act of
1844 must be tested and exposed in Liverpool
and commercial towns of equal magnitude and
importance. We have the means of judging
correctly of its practical effects on trade. We
are heavy corn, and the largest cotton, importers
in the world. We have so organised one branch
of our business, namely, our trade with America,
amounting to upwards of 16,000,0001. yearly, so
as to make no perceptible impression on the
rates of exchange abroad or the value of money
at home. We carry the economy of money to
the utmost limits of the quack science pro-
pounded for our guidance. When the cry of
" overtrading " is raised, we respectfully bow to