The Northern Daily Times.
Liverpool, Merseyside, England, 1856-08-28 00:00:00

M`

AMERICAN ENCHANTRESS,

AT THE

QUEEN'S HALL, BOLD STREET,

ON MONDAY

NEXT, S EPTEMBER 18T.

THIS EVENING

until the Mutiny Bills are passed, and some of the
more pressing and important of the supplies voted,
and then, with all that diplomatic adroitness for
which the Premier is noted, he will induce her
Majesty to dissolve Parliament, go to the
country on some popular cry, and thus endeavour
to retrieve a now falling character, as the greatest
statemen of the age. _ _

Athough there is a dearth of what is termed
political news, Mr. John Frost,. the recently
returned convict, has been holding forth at Man
chester. We hoped that Mr. Frost's experience in
a penal colony would have induced him to eschew
politics for the future, and to show by that avoid-
ance his appreciation of the favour which was
granted to him ; but this is not so. Accordingly, we
find him, as already stated, at Manchester, rallying
the almost defunct chartists' forces in that locality
under the presidency of Mr. W. P. Roberts, the
" Miners' Attorney-General." He disdains to

retract his former political errors, and stigmatises
the government of the day foi

law and order a`.. the Monmouth riots,
Although we are disposed to give every allow.

ALL LIVERPOOL should see Mr. ARTIS
and his extraordinary pupil, THE In ,UNG
Okßal 'IC. of the Theatre-Royal London. They will appear
TH'S EVF.NING (Tntraso mr) at' the ASSEMBLY ROOMS, GEORGB STILF.Er, 'in their Grand Entertainment,
"MILES AND TRAttS," and the talented and fascinati^g
Yoctlist, MISS FANNY HARDIN'I, of the Grand Opera, New
York, will assist in the Musical Illustrations. To commence at
Eight o'clock.

korthttn Timm

THURSDdY, AUGUST 28, 1856

enforcin

--.....--.--

Mr. Frost

as one who has suffered

lestions

THE DAY'S NEWS

Everything connected with home politics, is
quiescent at the present moment. All parties are
looking forward with anxiety for the least symptom
or manifestation from any -
party connected with
the Cabinet; and not a fewindulge in speculations,
as to what the Premier may venture to say at
Manchester, inasmuch as they consider that he must
not depart from the juvenile city without venturing
to give its citizens an inkling of what his intentions
are as to the future government of the country.
One thing is certain—that unless the Palmerston
Ministry make amends for the errors of last year,
they will find it a difficult thing to control the
Stage State Coach. Rumours begin to prevail in
political circles that, in all probability, the
Ministry will continue to sit through the Session

intact

quent, and full of benevolence. Complimenting
the regiment before him, he said :—" The ridges
and the dales of the far Crimea, the
deadly trench and the bloody parapet, are
crowded with their thousand proofs, that the
historic courage of Irishmen has not exhibited any
falling off, even amongst her newest soldiers." The
affair passed off with great eclat. The people were
pleased with the soldiers and the Earl's speech,
whilst the troops felt delighted with their new
colours, and their last signal of heroism,- the word
" Sebastopol" emblazoned thereon.

MONETARY AND COMMERCIAL.

LIVERPOOL, WEDNESDAY EVENING.
No new feature has manifested itself in our
Cotton Market to-day. Both buyers and sellers
have been expecting later advices per the steamer
Atlantic, from New York, but as yet she is
unreported. The advices per the Indian, from
Quebec, do not add anything to the telegraphic
despatches received per the Arabia. Under these
circumstances, we cannot note any change in
prices. The day's transactions are estimated at
8,000, speculators and exporters taking 2,000, and
the market closing steady, but with quietness.
There has been less firmness in our Stock and
Share Market, caused no doubt by the weak and
declining state of the public securities. The sales
were somewhat limited, and prices, in most
instances, a point in favour of the buyer. Among
the transactions were Blackburn, at 81 ; Aber-

THE half-yearly meeting of the Liverpool Cham-
ber of Commerce, which was reported in the
NORTHERN TIMES of Tuesday, is a valuable reflex
of the workings of the commercial mind, and we
much regret that the crowded state of our columns
deen, 138 ; Caledonian, 27'4 ; Eastern Counties,
has prevented our giving it the attention its 9.'' ; Lancashire and Yorkshire, 981 ; London and
importance deserves, at an early date. There is North Western Stock opened at 107, rose to 107-4,
scarcely a subject connected with the material and was finally done at Will, being an advance of
existence of the nation which has not been passed 1 from the opening quotation ; Midland Stock
found buyers at 83§-• i and North British 0 ;
in review by this mercantile Parliament within South Eastern changed hands at 22, and
the short period of six calendar months. The law there were buyers of Manchester, Sheffield, and
of partnership, joint-stock companies, winding up Lincoln 31- per Cent Preference Stock at OS.
abortions, assimilating conflicting statutes, regu- Among the foreign lines, the Great Western of
Canada seems to be the especial favourite, trans-
lating judgments and executions, drafts on
actions of those shares are reported at 251'' 3 1
bankers, bank charters, opposing in a most facile In local shares no sales were reported, and at. 7ille
and conciliatory way foreign piratical dues, corn- close of the business the tone of the market was
plimenting statesmen on foreign financial flat, but rather steady. Our telegraphic despatches
I r ?s4 without a constituency, as Liver- from Manchester state. that the closing prices there,
- " digesting this afternoon, comprised Dovers at 2217 to 710
reforms so essential iool has no " f for present account, and 2:21 to run over; Great

foreign house
inter-oceanic railways with their termini in dan
gerous lagoons, and their sleepers in the most
treacherous and unmanageable swamps, Free
Trade conferences, which they approach with a
low bow, and retire from with a blush, postal
and steam communications and exports bonds,
have all combined to give employment to the
self-constituted beauocracy of modern commerce•
From such a conclave of experienced seers
much is expected. Trade is one huge mass of
credits and debits—a_mouster labyrinth in which
thousands are irretrivably lost, and from which
few escape ere a life devoted to incessant toil
and care has been far spent. It is not necessary
that men of business should take, what to many
may appear a romantic view of the world's daily
pursuits, but it is obligatory on those who essay
to treat of such matters, to see that the balance is
fairly adjusted—that the creditor or capitalist
interest do not get everything their own way, and
the internal and external machinery by which our
trade and commerce have been worked up to
such leviathan dimensions, are not wholly de-
molished by impractical suggestions and tor.
tureous quirks. These remarks will be found to
apply to the first five paragraphs of the Chamber's
report. The next subject of importance alluded
to in that document is the Bank Charter Act of
1844, and, after nearly twelve months' deliberation,
what does the Chamber say on this head ? " The
" committee appointed to consider this question
" have come to certain resolutions, but as the
" subject is of such a wide and important character,
" they are not yet prepared to submit a report.
" Meantime, it appears that government have not
" taken any steps for terminating the Bank Charter,
" and it is not improbable that a parliamentary
" committee will again have to examine the whole
" question, before any action is taken upon it."

Western, 661, for nex

111(1 I

ICasllll

Assurance, A- premium for present account.
The weather is still rather unsettled, at the same
time we have good reason for believing that the
late rains have not had any material injurious
effect upon the grain crops. The business
transacted at Mark Lane to-day was rather limited,
and without any material change in prices. Our
Glasgow reports state that the market held there
to-day was well attended, and most descriptions of
grain found buyers at enhanced rates. [We have
inserted in another column, some interesting
extracts respecting our harvest prospects, which
are worthy of the perusal of all parties interested
in the movements of the grain trade ]

The Money Marker is rather easier, and there is
not any serious obstacle in obtaining discount
accommo cation for commercial purposes. The
English Funds have been steady from the opening,
closing rather firmer owing to the improvement of
the weather. Consols for money were done at 951,
and for the next account at 951. Later in the day
they became flatter, and the closing prices were as
follows :--Consols, for account, 951, K ; do. for
money, 958, f. Three and a Quarter per Cents,
90. Exchequer Bills, lls to 14s premium. The
Three per Cents reduced 951 to -a.
A quiet feeling characterises the London Share
Market. Prices did not, however, undergo any
pointed alteration. The following are the latest
quotations :—Caledonian, 551 56. Edinburgh and
Glasgow, 58 60. Eastern Counties, 91 0.,. East
Lancashire. 83 84 Great Northern, 971 98. Do.
A, 85 87. Great Western, 66 661. Lancashire and
Yorkshire, 98 982. Leeds Northern, 171 18. Lon-
don and North Western, 107 1071. Manchester,
Sheffield, and Lincolnshire, 343.11. Midland Stock,
8484;,. North British, 301 371. South Eastern and
Dover. 741 75. York, Newcastle, and Berwick, 84
85. York and North Midland, 591 60.
The Board of Trade Returns for July have been
issued to-day. Exports of the month, 9,908,2261;
an increase of 1818.0001 on the corresponding
month of 1855, and of 529,0001 on that of the
previous year. In the foreign trade, the tonnage
entering inwards in last July, was 938,392 ; and in
the previous July, 761,020. Clearing outwards the
first seven months of this year, are varied at
63,930,612/, against 51,202,0001 same period last
year, and 58.612,0001 in 1854. In coffee, sugar, tea,
&c., the quantities entered for consumption in the
month of July, are much below those for the July
preceding,. Sugar has fallen from 1 049,000 ewts to
731,000 cwts; tea, from 8.570,000 Ihq to 5 4,11,000
lbs ; coffee, from 3,691,000 lbs to 2,887,000 lbs ;
an increase in foreign spirits, slight increase in
tobacco, and a considerable increase in wine.
The silver, ex the Parana, which arrived from the
West Indies, remains on sale. The price to be
given for it will be governed by the quotations of
exchange received from the East by the next
Overland Mail, the telegraphic summary of which
is shortly expected. Meanwhile the demand for
silver for the East continues very active; and it is
believed that the shipments by the steamer of the
4th September will be of unprecedented amount.
It is confirmed that the whole of the 172,0001 in
gold, ex the Walmer Castle, has been purchased for
the Continent, as we stated on Monday. Of the
503,323 dols., or 100,6001, brought in by the Arabia,
from New York, none remains here. The bulk of
this remittance was on continental account.
The next sales of Colonial Wool are expected to
take place at the end of October.
The half-yearly ordinary meeting of the share.
holders in the Submarine Telegraph Company was
held to-day, at which a satisfactory report was
adopted. A dividend of 7 per cent per annum was
agreed to, and the meeting separated.
The sixth ordinary meeting of the English,
Scottish, and Australian Chartered Bank was held
in London to day. According to the report, the
business of the Bank was steadily increasing. A
branch at Adelaide is recommended. After paying
a dividend of 4 per cent. on the paid up capital
of 50,0001., and allowing for other expenses, &c., a
sum of 1341 19s remains to be carried to the profit
and loss account of the current half year.
The following is a statement of traffic receipts
on the Great Western Railway of Canada by pas-
senger and goods trains for the week ending Bth
Aug., 1856, and for the corresponding period
last year :—Week ending Bth Aug., 1856, total
receipts, 8,7901 14s 10d ; per mile per week, 311 ls.
Week ending 10th Aug., 1855, total receipts, 5,8171
12s lld ; per mile per week, 241 2s. Increase:—
Total receipts, 2,9731 ls lld ; per mile per week, 61
19s. Aggregate gross receipts from the commence-
ment of current half-year to date, being eight days,
10,1581 17s 6d; for the corresponding period last
year, being ten days, 8,6281 16s 10d—all sterling.
The following is the traffic return of the Grand
Trunk Railway Company of Canada, for the week
ending 26th July, 1856, and corresponding week,
1855 :-1856, total sterling-5,0631 4s. 1 14,. ; miles
open, 513. 1855, total sterling-4,7191 3s 2d. ;
miles open, 388. Increase :—.8441. Os 111 d. ; miles
open, 125.

This is certainly not the answer the public ought
to receive from a body of practical men on
a topic of such transcendant import. The depth
of that measure, we will admit, is very great, but
the width of its character is very trifling indeed.
The Chamber were not asked to examine the
whole theory of that ingenious trade-crushing
instrument. They were applied to for an opinion
when one-half of our merchants were on the
verge of bankruptcy, owing to the usurious rates of
interest demanded for temporary accommodation,
and when fully 50 per cent. of our productive
labour was suspended to nieet the contrac-
tion on our circulation, caused by the tem-
porary demand for gold in other countries,
and for the defence of the State. The
trading community did not ask the Chamber,
" What is a pound ?" Merchants wanted to know
if eight and ten per cent. were not too high rates
of discount to ask for money, and whether the
circulation of the whole kingdom ought to be cur-
tailed to add to the pressure of excessive taxation,
and to throw labour out of employment, simply
because the Bank of England held three or four
millions of bullion less than they did only a
month or two previously ? These were the sole
questions left for the Chamber to consider, and we
think the publi• will say that, as a body of gentle-
men possessing great practical experience on all
matters connected with panics, commercial depres-
sion, and the wants of industry, they ought to
have been able to give the world the benefit of
their opinion many months since. Probably, they
do not wish to speak for all Liverpool on our
monetary system, and while we admire their
delicacy, we cannot applaud their caution too
warmly. They do well to leave the affair to a
Parliamentary Committee, and if they should be
instrumental in getting such a Committee ap.
pointed, they will be entitled to the best thanks of
their constituents, and the commercial community

at large.
With regard to the course pursued by the Cham-
ber towards the Free Trade Congress there remains
much which requires explanation. The report says:
" Your Council have received an invitation to send
" a deputy to the approaching Free Trade Con-
" gress at Brussels. As the object of the Congress
" may, perhaps, be considered as coining within
" the scope of a political question, and seeing
" that the laws of the Chamber do not permit of
"the discussion of such matter, it has been con-
" sidered desirable that the opinion of the Cham-
ber at large should be taken upon it before a
" reply be given." Now. we are really at a loss to
know why a body, which does not hesitate to
embark in a discussion of currency, and laws
affecting the substance and civil rights of the
subject, should feel any unwillingness whatever
to accept any invitation to attend a Free Trade
Congress, on behalf of the greatest Free Trade
port in Great Britain. The Bank Charter Act is
full of both faction and politics. Its anomalies
and injustice are Tory, Conservative, and Peelite.
Its usury and oppressiveness, in operation, are the
oldest and most dearly prized heirlooms which
have descended to the Whigs of the present day,
and which they are bound, as a party, to preserve
Monetary and fiscal measures are the
very essence of politics, and we hope, therefore,
that the Chamber will be ably represented at the
Brussels Conference. Should they persist in
declining the invitation of the Continental Free
Traders, a public meeting should be called, and
some gentleman, of sufficient intelligence and stand-
ing, selected to represent Liverpool on so important
an occasion. Indeed, seeing that the Chamber
is not likely to be unanimous on the subject under
any circumstances, it will probably be thought
advisable to send a deputation from the traders of
this port to the Congress, even if the Chamber
should depart from their present opinion. Of the
other questions alluded to in the report, we shall
have much to say anon

THE ROYAL NORTH LANCI.SHIAE AGRICULTURAL
Boom-sr.—The proceedings connected with this annual
gathering of the agricultural interest of Lancashire com-
menced yesterday, by an exhibition of farming implements.
The great event of the meeting, the agricultural show,
comes off this day; after which a public dinner, presided
over by Lord S'anley, will wind up the proceedings. We
shall give a full report in to-morrow's paper. .

SPLENDID PASSAGE OF THE IRON DUKE.—This well
known and favourite boat, belonging to the City of Dablin
nupany, has maintained her old supremacy. On Monday
night she left the Princess pier for Kingstown at the usual
hour, and encountered the terrific gale of that night in all
its fury. Yet in the face of this difficulty, she made Kingstown
in about 13 hours (an ordinary passage), thus supporting the
character which she has so long upheld for speed and satety.
Several persons who were on board speak of the kind
attention of the worthy commander (Capt. Triphook) and
his abilities as a true sailor, under every aspect, and wish
both himself and his noble vessel many years to brave the
storm.
AN ATTACX ON A RAILWAY. —On Monday evening, the
township of Birkenhead was very near being the centre of
a disturbance, that might have been attended with much
inconvenience. Some time since, the Birkenhead. and
Chester Railway Company decided upon constructing a
bridge on certain land which the commissioners claim as
belonging to the township, and many a long correspondencetook place upon the matter—the commissioners denying the
right of the railway company to pursue any such a course.
The railway company were not, however, to be deterred
from carrying out their object, and, therefore, commenced
erecting a wall. This gave the commissioners offence,
and, consequently, it was agreed that the wall should be
pulled down, and hence, on Monday evening, some of the
board, with a number of police and other parties, proceeded
to make an attack on the bricks and mortar, and were very
successful in demolishing some portion of it, when the
company's men came to the rescue, assisted by a powerful
locomoi ive engine. The battle was hot, but of short
duration, for the hot water from the engine soon had a
visible effect upon the assailants, who beat a retreat, and
before they could again muster, to renew the attack, the
commanders on either side had agreed to abandon the field,
and leave the matter to be settled by the big wigs.