The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-21 00:00:00

the present prise of bread is more than the country
can bear, and Unless the other heavy articleS of
daily consumption are reduced by it repent
duties, the consquences must be v,-
able in a social point of - •
sakes all his eeo-

preferment.
kn,--

,ry lament-
view. If he for-
.urnie principles for State

then, indeed, the country will

what to think ; but if he accepts the honours
of office as a Free Trader, and remains satisfied
with the present range of prices for food, and
excessive amount of taxation superadded to the cost
of both living and production, taxes which cannot
be added to wages, or the products of industry,
he will betray the axioms and the promises of
his party, and we shall soon find his colleagues
exclaiming, in the words of an eccentric poet—

Certe scia ab aquilone,
Multum mali, parvum boni.

But what does all this wrestling in the Minis:
terial straw mean ? Are our words coming true ?
Has it been discovered that Lord PALMERSTON is
not the man for a peace crisis ? Is Mr. LOWE too
troublesome a being for the Board of Trade ? Has
the Vice-President brought upon the PALMERSTON
Administration the hostility of the corporate towns
of England ? Is he coming home from the United
States to republicanise Whitehall? Does Lord
PALMERSTON dread., the consequences of a pro-
tracted bullion panic, and the thoughts of asking
the Stock Exchange for another loan, to square
up the current financial year ? Is it -

ve seell
As a remedy for those evils which we '-"" oovi
impending for so long a time, and which bare
oar
arrived at their climax, we have always re
.rtice
mended the abolition of the present 1; its
" promise to pay on demand," and to stillino
place by Legal Tender notes in the form of. ig of
sti-ti " all men this note is legal tender for the ocl
" —, in payment of debts and taxes• f the
g. from Her MAJESTY'S Exchequer, by order,.a.ncel'
" QUEEN in Council. Signed, this
" for of the Exchequer." The amount °,l',odo
paper issue we would leave Parliament t 0 for
on the presentation of the financial statenlen
t erg
01 the year, and we would allow all 1)8/1
to issue those notes, but no ethers,
eat
giving bona fide security to the Geverlif
for the amount required. This would o%la
a perfectly secure circulation, and one whicil el°oB
not be depreciated in value, whilst it weillil ceuli
our bullion free for our foreign trade. It: trf
have no value out of Great Britain, and the etilot.
could not therefore be left, as she is to-daY, tha
the means of paying taxes and supplYi°' di;
urgent calls of industry. We would hslBker
Government stand as security between the ban
ot.
and the public in every case where notes vie r:1800
into circulation. We would have no Pr°T
made which we all know how to aPPreeLaeoo"
moments like the present ; and we would, by -o
pelling the State to provide a currency to suPtrt,
if only a portion of its own money.wants--11
producer and trader the power of adding, eof
taxation they are called upon to pay to the Pl4tlii,4
the commodities they have to sell. Give :11; We'
very intelligible Monetary Reform, 8117. 030
willingly leave our very enlightened scoffer'
ot•
whole arena of discussion to themselves, alzldt.l:
ad
whose ideas appear to be equally muddled
unfathomable.