The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-24 00:00:00

THE NORTHERN TIMES.---LIVERPOOL, FRIDAY.

public career to prove the truth of the modest

assertion. The impression the local taxation-
mongers would fain make on the Burgesses is, that
no man who has not sat for fifteen or eighteen years
in the Council is not fit to represent them, and
ought not to be trusted with the administration of
their affairs. This is a famous piece of election-
eering cant; but the household gods of corruption
are the very lumber we ought to see cleared
It is time that municipal idolatory
was thrown aside. Local self-government
is purely a question of money, and we would ask
those who affect to dread changes, to look at the
Dock and Borough debts, and current expenditure
of the Council, and say whether some retrenchments
in the conduct of the affairs of the town are
not imperatively demanded ? To suppose our
intelligent and active men of business, who are
disposed to protect their fellow Rate-payers, will
not be able to deal with such heavy questions
when returned to Council, is a piece of presump-
tion which far exceeds everything in the uay of
pure aristocratic impudence we have ever heard of.

The meeting last night will remove all impres-
sion as to the capacity and general information of
tradesmen. It will show Liverpool that she ought
to be proud of her naw and vigorous growth—.
men of unpretending origin, who have grown with
her prosperity, athd know what her people wants
and how to do their work. Our Liverpool trades-
men have risen above that adjustment of social
influence and political power, which has been so
long upheld. When the honours and emoluments
of the army, navy, church, bench, ministerial, and
diplomatice services were given to the aristocracy'
the privilege of voting at elections, sitting in
jury boxes, and taxing themselves through a
corruptible, if not naturally corrupt system
of representation, was all that was allowed
to the middle classes. But the trades-
men of Liverpool have risen above this
paltry system of bartering with popular rights.
They have legions of men living by their capital
and enterprise, they load fleets with the products
of industry, they have their representatives in
every clime, the messengers of the Gospel, trade,
and prosperity ; and they have their churches at
home, also, which do honour to their devotion to
the cause of religion and spirital welfare of society.
And this is the class whom we contend ought to be
fully and fairly represented in our deliberative
assemblies—not by aristocrats and their attornies,
but by heavily taxed, honest, and industrious
tradesmen. Opposed to these claims of the trader
we have a most contemptible affectation of
Toryism. No true Tory or genuine aristocrat
would associate his name with a clique of mere
local jobbers.

The gentlemen who put on the cap and bells,
ribbons and badges, at our parliamentary and
municipal elections, and make themselves so
ridiculously conspicuous, are not recognised
by the remaining Magogs, with whom they pre-
tend to be related When Mr. JOHN BUCK LLOYD,
Mr. THOMAS BOLD, and a few other civic
and political desperadoes, applied to the Carle
ton, for a fit and proper person to represent
them in the House of Commons, they sent the
courageous few, Sir GEORGE BoNnAm, as the most
perfect type of themselves, the club could produce.
No Tory of political respectability could be found
to associate his name with the self-styled Tory
party of this rotten Borough. And the applicants
for consideration were dismissed with this brief
admonition, " Take BONHAM and be thankful."

They did take BONHAM, but never was 'gratitude
known to sit more lightly on the recipients of a
generous bounty. Their candidate was dumb
foundered at the intelligence of Liverpool, and the
constituency was indignant at the insult offered
to them by Mr. J. BUCK LLOYD'S bringing forward
such a man to represent them in Parliament, and
it was very generally believed the assumption of
Toryism at elections would have ended here. But
the Burgesses have been deceived, for they find
the oil political fraud as rife as ever. Job-
bery assumes the title, without the style of
Toryism to get into the Council, and then
the prodigals in the Corporation select
' from among themselves the men who are to be
our Parliamentary representatives. Tho proud,
high-minded Tories, of uncompromising honour,
and patriotism, if there be any in the land, have
long since shaken off their connection with the
little huxtering, jobbing, and quibbling Tories of
Liverpool. And are we to suffer the commerce
and general interests of this port and town to be•
stultified by a trick, sham, and dodge ? Are we
to have mutes for members of Parliament, and
attornies-at-law for municipal representatives, in-
stead of merchants who can speak aloud in our
defence, and traders, who, we know, must feel the
weight of the burdens they lay on the numerous
class to which they belong ? The numbers polled
at the last election, show that Liverpool is worthy
of an orator, a man of business, and a statesman,
to represent the Liberals in Parliament ; and every
meeting of the Town Council proves that we need
Corporate Reformers to undertake the manage-
ment of our local affairs.

To those epileptic gentlemen who seem to dread
the idea of "change," we would briefly say,—
" What do you think of the weather? Will it be
" fine to-morrow ? Shall we be blessed with
" the necessary changes from the winter to

" spring, summer, autumn, and then back to
" winter again ? Does the sky never change ?
" Does time make no changes in our mountains,
" hills, valleys, rivers, and seas ?" It is time
benighted pigmies ceased talking rubbish. We
feel altriost wicked enough to wish for a ship-
wreck—some " awful sacrifice" by which they
might be supplied with nightcaps, at the lowest
possible cost. Is society so perfect, so pure, that
we require no reformatories, so enlightened as to
need no education ? Are the arts and sciences so
fully explored, that we may rest satisfied they
will work no more convulsive revolutions in our
economic system and material condition ? And
lastly, is Christianity so universal, that we can
dispense with missionaries, and leave the Gospel
to dispel darkness without the aid of reason, en-
lightment, and devotion to the cause of truth? We
hope to see the world vastly changed as time pro-
gresses, and we look for very marked improve-
ments in every direction, except where we find a few
men assuming titles in politics which do not
belong to them, and they do not understand, and
professional jobbers in municipal assemblies Such
mortals may well dread those strides of intelligence
which have carried us thus far, and which will
carry broad daylight into those dark corners, where
ignorance, besotted selfishness, petty tyranny, and
barefaced assumption love to hide. The change
the town seeks at present, is a searching Reform in
our Municipal Administration, and if the Reform
Electors of the Wards.to not respond manfully to
the call, they will have no right to complain of the
weight of the burdens, and the bitterness of the
reproaches which will be heaped upon them. Let
them compare the speeches of Mr. J. R. T
yEFFERY
and Mr. J. BUCK LIOYD, and judge for themselves,
which is the most business-like and talented candi-
date.

MONETARY AND COMMERCIAL.

LIVERPOOL, THURSDAY EVENING

The advices by the Baltic do not seem to have
had any effect upon our Cotton Market, which
to-day exhibited the firmness which has charac-
terised it throughout the week. The sales to-day
are again 20,000 bales, 8,000 of which were on
speculation, and 2,000 for export. Prices, on the
whole, showed a hardening tendency ; some
qualities of American being now Zd per lb. higher
than on this day week.
The Liverpool Share Market opened very firm
to-day, and a fair business was done, closing,
however, rather dull. To-day's transactions
consisted of :—Caledonian, 1. East Lan-
cashire, 201. Great Western, 641. Lancashire and
Yorkshire, 951, 5, Z, 95. Lancaster and Carlisle,
New Third Shares, 6 p. London Stock, 103. Do.
Shares, .11-16 d. MAnchester, Sheffield, and
Lincoln, 33?,-, 2. Midland, 781, I,
North Eastern, 20. Dover, 20;1_,
Dutch Rhenish, 1 7-16 p. Great Western of
Canada, 23',4, I. Ditto New Shares, 2p. Bank of
Liverpool, 231. Liverpool Union Bank, 11Z-; and
Royal Insurance, 2 1-16 pm.
With regard to the Timber Trade of this port,
Messrs. A. P. and D. Mackay, in their circular,
says:—

yf ;
1 G 1

The demand has slackened, and orders from the country
have greatly fallen off. The stock of Square Timber not
being over an average, and of Deals being less than half of
what it was last tear at the same time, have proved not only
adequate to the requirements of the trade, but they have
gradually been increasing, consequent on the large arrivals
and the diminished consumption ; and prices tend rather in
favour of the buyer, as will be seen from our quotations.
Under these circumstances, and more particularly consider-
ing the advanced rates of freight now paid at the ports of
shipment, and the other incidental charges on importation,
great caution must be observed by shippers. Hitherto the
arrivals, proportionately with those of other years, have been
moderate, and had it not been for this unexpected change in
the Money Market, there was every reason to hope for a
favourable trade. The change in the condition of trade,
occasioned by the stringency in money matters, renders it
imperative on us to urge caution, as with a moderate import-
to the end of the season, prices may yet be sustained at the
small reduction noted below ; while, on the other hand,
heavy arrivals will unquestionably still further depress the
market.

There was no increased pressure for Money to-
day, but private brokers charged extrenie rates.
This proceeding was, however, not dictated by any
anxiety with regard to the Bank directors further
advancing the terms of discount, but simply to
make the most of the opportunity at present
afforded to employ their capital profitably. A
greater degree of confidence now prevails with
regard to the future. The advices from the Con-
tinent are more encouraging, and little immediate
apprehension is expressed in reference to any fresh
disturbance of affairs. It will take some months,
however, to restore financial concerns to their ordi-
nary position, even should no further embarrass-
ment arise, the position of the Bank of France
with respect to its metallic resources, and the
caution necessary on the part of the Bank of
England, rendering any immediate relaxation of
the terms of discount improbable. To-days letters
from Paris speak of a more favourable
feeling in most quarters, and it is stated that
the stock of bullion in the national establishment
is increasing. With steady arrivals of gold
from Australia and America the current
demand for expott may be supplied, if it prove
not excessive ; but should renewed withdrawals
from the Bank of England be attempted,
the result could not fail to be unsatisfactory.
Notwithstanding the continued tightness of the
Money Market, however, the public, by their
continued purchases of stock, seem to consider
that it will not be much longer protracted. The
quentity of stock absorbed during the last fortnight
has been immense, and not only have the usual
portion of the dividends been re-invested, but
money has been withdrawn in large sums from the
joint stock banks, where it had been deposited " on
call" by many who consider Consols cheap at pre-
sent quotations, and are therefore tempted to buy.
Under these eireutnstances there is a great scarcity
of stock, and the dealers, being short, are, however,
on rather onerous terms. From this, therefore,
it is evident that the public have con-
fidence in, an advance in the Funds, and are
doubtful of the present value of money being
maintained, because they know that the recent
pressure has been chiefly produced by exceptional
causes. Yesterday the English Funds were very
firm, and this morning, owing to the resumption
of cash dealings, an improvement occurred.
Consols opened at 921 92,1 for Money, and 921 926
! for the 6th November, being an advance of 1 per
cent upon the final quotations of yesterday, and
they have experienced no further alteration. The
Reduced 3 per Cents are 911 to 914, and the New
3 per Cents 911 to 92.
The Foreign Stock Market participated in the
improved state of the Funds, and the public in-
' vested in the leading Stocks. Turkish 6 per
Cents. were firm at 891 90, and the 4 per Cents
Guaranteed at 99 09-Z. Russian 5 per Cents , 106
108; ditto 4 per Cents., 95 97. Sardinian 5 ,per
Cents., 88 90. Spanish 3 per Cents., 412 421; ditto
New Deferred, 231 24. Portuguese 3 per Cents.,
43 45. Dutch 21 per Cents , 63 65 ; ditto 4 per
Cent. Certificates, 94 96. Mexican Bonds. 212 211.
Buenos Ayres, 82 85. Peruvian, 74 76. Brazilian,
99 101 ; and New Granada, 222 231.
The Railway Share Market opened with increased
buoyancy, and there was a more active business
done than for some time. Dealings in the
principal stocks have been at an improvement in
the final quotations of yesterday. London and
North Western, 103 10n--. Lancashire and York.
shire, 951 951. Great Northern, 921 931. Mid-
and, 78 781. London and South Western, 105
106. North British, 37 38. North Eastern, York,
56 57 ; ditto, Berwick, 792 804. Great Western
of Canada, 23-?,- 23k. Northern of France, 371 371
Sambre and Meuse, 101 111. Riga and Dunaberg,
4 prem. Eastern Bengal, Ito 5.16 prem.

In Bank and Miscellaneous Shares a moderate
amount of business was done at improved prices.
Bank of Australasia, 97 99 ex div. Union Bank
of Australia, 64 66. National Discount Company,
to F prem. Canada Land Company, 116 to 119.
South Australian Land Company, 342 351.

Surprise is expressed in some quarters at the
absence of any upward movement at Paris in the
price of French railway shares in response to the
remarkable decline in the rates of interest at the
last settlement. On that occasion many of the
leading stocks, including those of the Orleans,
Eastern, Southern, Western, and Geneva Railway
Companies, were carried over at " even" terms,
although at the beginning of the month the rates
exacted from speculators for higher prices were
equivalent to 15 and 20 per cent. per annum
Many parties are inclined to believe, however, that
this apparent change in the position of the Bourse
was mainly occasioned through the course pursued
by the syndicate of the agens de change at whose re-
commendation the accounts of a large number of
speculative buyers were carried over prior to the
usual period. Prudent operators thus prefer to
await the result of the more important settlement
at the end of the present month, before definitively
forming an opinion upon the floating speculation.
The heaviness of the market for railway shares is
in a great measure attributable to the knowledge
that most of the companies aro in want of money
for the works now in course of execution. The
government having set its face against fresh issues
of railway bonds, as tending to divert investments
from the rentes, the companies will have no choice
but to make fresh creations of shares. Notwith-
standing the absence of prospective issues of rail-
way obligations, it is noticed that these securities
are very difficult of sale, although they can be
purchased at rates calculated to yield upwards of
51 per cent. per annum.
- • • •

The bar silver brought in by the Orinoco was
sold for the East yesterday at 5s 2d per ounce
standard, being the same price as that realised at
the last sale. The gold by this vessel was also sold
for the continent._

The steamer Parana, which is due at South-
ampton on the Ist of November from the West
-Indies and Mexico, is expected to bring a remit-
tance of specie and bullion to the extraordinary
'amount of about 3,000,000 dollars, or say 600,000/.
The principal portion of this large sum will
.probably consist of Mexican dollars. It will be
remembered that no remittances of silver came to
hand from Mexico by the last packet, owing to the
loss of the Tay,

FOREIGN INTELLIGENCE.

FRANCE

PARIS, TUESDAY EVENING

Some important people expected grave news from
Naples to-day; but whoever took the trouble to
reflect for a moment must have seen that, as there
is no direct telegraph to Naples, the Neapolitan
Government cannot yet have been informed of the
appearance of the note in the Moniteur. The
Government, nevertheless, I believe,'expected a com-
munication, of some kind, from its ambassador, M.
Brenier, but none, has arrived—at least none had
been received at the Ministry of Foreign Affairs
three hours ago. As to the French fleet, it has not
yet sailed from Toulon ; but it had made, we learn,
some movements which seemed to indicate that it
was about to sail, or, at least, expected very shortly
to receive orders to do so. The lndependance, of
Brussels, pretends that the Emperor of Russia has
written a letter to the King of Naples, recommend-
ing him strongly to make concessions, lest he should
bring on himself the redoubtable vengeance of Eng-
land; and he advises him to ask the Emperor of the
French to mediate for him. Whether this letter has
been written, or not, it is certain that the belief pre-
vails in high quarters here that the King of Naplt.s
wi:l make concessions very shortly after the English
and French ambassadors shall have quitted his
capital.
If the public expected the Paris papers to tell them
what, they are to think about the article in the Moni-
tear, they must have been a vod deal disappointed
The Constitutionnel and the Debats reproduce the
article without comment ; those warm friends of King
Bomba, and biter enemies of England, the Union,
and the . Univers, say not a word about it, though,
surely, it must have filled them with indignation.
The Pattie, as becomes a semi-official organ, enlarges
on it, and says exactly the same things as it does, and
nothing nr)re. The Siecle, the republican organ,
alone makes a few remarks worth noticing, and they
are to the effect that the note goes to thelextreme
limit—short of a declaration of war ; and that, after
it the King of Naples cannot think of making any
concessions.

The Ministers have received orders to go down to
Compeigne every morning during the stay of the Em-
peror, in order to advise with his Majesty on the affairs
of their respective departments. The Emperor will
afterwards entertain them at breakfast, and then
pack them off to Paris.
The hereditary Grand Duke of Tuscany, who is at
this moment in London, is to arrlYe at. Boulogne to-
morrow, and to proceed direct to Comi;f4gue.
Lord Howden, and the Marquis Turgd; Engljsh
and French Ambassadors to Spain, who are bG.ql in
this capital, and have been here for dome time, are
about to set out for Madrid. I am informed to-day,
on good authority, that both the English and French
cabinets are substantially agreed in the policy to be
followed with regard to Spain--they both are deter-
mined to maintain the throne of the Queen, and not to
molest the Narvaez ministry.

Both the Emperor and Empress are very much
annoyed at the idea of General Serrano ceasing to
be Spanish Ambassador here. He is an old friend of
the Empress, and his wife is such a very pretty woman
that the Emperor, who likes handsome faces, is anxi-
ous to see her at court parties. Serrano himself owns
that he will resign, and that- nothing shall prevent
him; but he will hardly resist the wish of the
Emperor and Empress, if his Government should
be willing to keep him in its service ; and to-
day it is said, in- governmental circles, that it
will most dikely do so. The Madrid accounts,
however, assert that the Duke de Rivas has
already been definitively selected as his successor.
Some of the papers say that the Marquis
d'Antonini, Sardinian Minister in this city, and
his first secretary, have, in consequence of the
rupture of diplomatic relations, retired to Brussels.

The Bourse has been dull to day, and has again
declined.

- A Madrid despatch, which arrived late last
night, says that the sequestration of the pro-
perty of Queen Christina, had been annulled;
and that a large amnesty had been granted to the
persons concerned in the insurrection of last July.
From Vienna we learn that the Austrian Cabinet
has, in reply to the demand of France, that she
shall evacuate the Danubian Principalities, stated
that she will make the evacuation as soon as ever
Turkey shall call on her to do so.

PARIS, WEDNESDAY EVENING

I am again assured that, up to a late hour this
afternoon, the Government had received no tele-
graphic despatch from XL Brenier, its Ambassador
at Naples, consequently, neither he nor the Eng-
lish legation have yet left that city. The Neapo-
litan affair, therefore, remains just as it was
yesterday. It is said that the King of Naples has
requested that the departure of the Ambassadors
may be delayed for a few days, but I cannot learn
that this is anything more than an on dit. It turns
out that the statement made yesterday in the
Paris papers, that the Sardinian Ambassador in
this city had left for Brussels, was erroneous ; he
has not left, and it is alleged that the King has
given him directions not to leave without positive
orders, even if he should learn the departure of the
English and French ambassadors from Naples.
According to some persons, a similar order
has been given to the Neapolitan Ambas,
sador at London, but this is not so
sure. Speculations continue rife, as to the
effect •the note of the Moniteur will produce on the
King, some politicians and diplomatists think that
it will frighten • him into instant submission ;
others, that it will exasperate him into the adop-
tion of rash measures against England and
France.

There is a report that the Government will very
shortly be obliged to raise a new loan.
It appears that the garrison of Versailles is to
be considerably augmented ; and there is a talk in
the military ciriles of the establishment of a per-
manent camp of 40,000 men in one of the depart-
ments near the French frontier.

The Constitutionnel announces that the Austrian
Government has consented to make a consider-
able reduction in its forces in the Papal States,
and to reduce its occupation to the towns of
Bologna and Ancona.

The students of Paris are again beginning to
display political activity; they are now signing an
address to Italy, which is stated to be couched in
strong terms. The Government, as you will sup-
pose, looks on this re-awakening of the schools
with no favourable eye.

The Bourse has again been extremely depressed
to day, and there has been a new decline, though
slight.

The Madrid papers of the 18th, announce that
Count de Beukendorff, the .Russian envoy, had
presented to the Queen, with grand ceremony, the
credentials appointing him Minister of Russia to
her Court ; also a private letter from the Czar
cnwressingqfriendship for her. The Ambassador,
on the occasion, delivered a complimentary speech,
and the. Queen replied in suitable terms. The
Spanish Court will, of course, hasten to send an
Ambassador, to the Czar, to acknowledge the com-
pliment he has paid her.
An Italian npwspaper says that the Prince of
Wales is about to visit Genoa.

Leghorn letters • say" that the Grand Duke of
Tuscany, taking warning by the fate of King
Bombs, is about to make concessions to his sub-
jects, modify his ministry,.and change his system
of government.

The telegraph informs us that the D resd• n
Journal, the semi-official organ of the Saxon
Government, which is noted for the general correc t
ness of its intelligence, says that the early meeting
of the Congress of Paris, which has been so much
talked of, is by no means certain.

PENINSULAR MAIL.

PROM OUR SPECIAL CORRESPONDENT.

p
SOUTHAMPTON, THURSDAY AFTERNOON..
r-isvhel Company's
d here at half-
steTahmeerPMenaind srui
dla,rc
aapntda
nO rßi ernatdaslh
aSwt,e aam
past two o'clock this afternoon. The Madrid experienced,
during'the voyage, very fine weather, with smooth water.
She brings 25 first class,_6 second class, and 11 deck pas-
sengers, and £3,337 in specie, and a cargo consisting of
fruits, wines, eggs, and sundries, and her dates of sailing
were Gibraltar, Oct. 15 ; Cadiz, Oct. 16 ; Lisbon, Oct.
19 ; Oporto, Oct. 20 ; and Vigo, Oct. 20.
The Madrid reports the following: - H.M. ships at
Gibraltar : Malacca, Dauntless, Vesuvius, and Ariel ;
and the Brunswick was passed to the eastward, 15th inst.
At Lisbon: H.M.S. Sanspareil and Centurion; also, the
French vessels Prince Jerome and Phcenix. The emi-
grant ship Tiptree was almost ready for sea. The clipper
fruiter Royal Blue Jacket, had arrived in nine days from
Bristol. Observed on the voyage: Oct, 20—The Penin-
sulariand Oriental Company's steamer Euxine, about six
miles south of Bayonne (Vigo) Lighthouse.