The Northern Daily Times.
Liverpool, Merseyside, England, 1856-09-01 00:00:00

f-past On

am, Corn Exchange, Brunswick-street,
at goo Rushes WH EAT, .

Sonthamp'on, from New York.—For further pa,tieulars apply to
J. Re M. HARNETT, Brok,rs.

NOTICE.
The CONSIGNEES of (0 in triangle) 44 Bales COTTON,
ex Albert Gallatin. from New Orleans, are respectfully
informed that the above are Warehoused at their risk and
expense.—Apply to B. &W W. PEARCE & CO.,
Brunswick -street.

TENPENCE will buy FIVE QUIRES
of SUPERFINE CREAM LAID NOTE

PAPER, at

CHARLES WILLMER'S

WHOLESALE PAPER WAREHOUSE,

19, SOUTR JOHN STREET, LIVERPOOL

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19, SOUTH JOHN STRE

ET, LIVERPOOL.

CUSTOM-HOUSE PAPER, SEVEN
SHILLINGS per Ream, at
CHARLES WILLMER'S

WHOLESAI

STATIONERY WAREHOUSE,

TH JOHN STREET, LIVERPOOL,

close of last session

to which the magistrates refused to continu(

2-ship Asia arrived here

trait of Venus,

nanuta

2' advi

serVl(

this country.

perfecting those bills' which it may be determined
to introduce as proposals of the Government. It
is a practical application to the legislative business
of government of those principles of improvement
which his lordEhip has carried into effect in the
executive branches of his administration. No
doubt the good effect of the proceeding will be
evident when the propositions for the session are
announced. Mr. Disraeli's functions, as critic and
censor, will be even more difficult of satisfactory
fulfilment next year than he found them at the

The elevation of the Right Hon. E. Strutt to the

peerage has given the greatest satisfaction to the
inhabitants of Derby, but more particularly to the
members of the Derby Mechanics' Institution, of
which his Lordship is the president. On Thurs
day a deputation from that body waited upon Lord
Belper at Kingston-hail, when they presented him
with an address of congratulation on the honour
conferred upon him by the Crown. His Lordship
acknowledged most warmly the compliment which
had been paid him, and assured the deputation of
the continued interest which he took in the
furtherance and objects of the institution, and of
his willingness to continue his connection with it.
The rilice of Stafford, after making proper in qui_
ries in the metropolis and elsewhere, have just
apprehended a man who, under the name of Wm.
Allen, has resided at a public-house in that town,

3, and where Allen has carried on the busines

of " auctioneer" and agent. On Allen's arrest he
was identified as the notorious " Sidney Jones, alias '
Alfred Jones, alias Edward Saxby, alias John
Wilson." An extract from the monthly report of
the London Association for the Protection of Trade,
July 3t, 1854, details the swindling and fraudulent
transactions of Jones, who has been, at various
times since July, 1847, a wine and spirit merchant,
grocer, furnishing ironmonger, auctioneer, agent,
orange merchant, confectioner, &c., &c., carrying
on his operations and imposing on tradesmen
in numberless places, in conjunction with assn•
ciates. On searching his house a quantity of me-
moranda and letters were found; also a " directory,"
in which the names of tradesmen from whom he had
received goods were struck out, evidently for the
purpose of ensuring him from making a second
application. His orders were written on a bill
head, on which were printed the words, " There is
an omnibus to and from every train"—a statement
entirely devoid of truth, so far as the Plumbers'
Arms is concerned, and evidently intended to
create an impression as to the respectability of the
house. A large quantity of goods were removed
from the prisoner's house to the police office,
amongst which are several boxes of cigars, obtained
from different firms in Manchester, three barrels
of ale from Warock, two large casks of British
wines, &c. He stands remanded.
The intelligence from Paris does not contain
any items of importance. According to a tele-
graph despatch from Constantinople, received at
Marseilles, we learn that the Russian com-
mission for the regulation of the frontiers of Asia,
has arrived at Tiflis. The Constantinople journals
confirm the news of the demolition of the fortress
and five barracks at Ismail by the thirteen Russian
battalions. The fort of Kilea is blown up. Ad-
miral Lyons will leave the Bosphorus after the
evacuation of the territories occupied by the
Russians. Rear-Admiral Stewart goes to Amapa,
and will cruise in the Euxine without any definite
object.

esterda,

material, the

from New York to
the 20th ultimo inclusive. The Presidential cam-
paign was the great topic of discussion, but
nothing new had taken place thereon, and according
to all appearance Fremont's chances of election
were in the ascendant. Business affairs were quiet
but steady. From Canada and the British
American provinces we have not any intelligence
of moment.

By tne Overland Mail we learn, that Esa Khan,
whose opposition to the Persians, both in the field
and subsequently in the city, has succeeded in
expelling the enemy from Herat; and further, that
having thus rid himself of the incubus of a hostile
army, he took thought of his situation, and,
deeming the relief his party was experiencing to
11 likelihood but a temporary respite, he
lespatched pressing messages to Dost Mahomed
at Candahar, offering to place the city in his hands
if he would bring or send an armed force sufficient
to occupy and defend it. The news from China is
not of an encouraging character, anarchy and con-
fusion still prevails, and further panics are expected
at both Shanghae and Canton.

The treaty between the United States, Great
Britain, and Honduras, we are informed, has been
duly signed, and all disputes respecting the
Central American question settled.
The West India Mail arrived at Southampton
yesterday. Our special telegraphic despatch gives
the leading features of the news, from which it
will be perceived that Mexico is still convulsed by
the internal struggles of her competing statesmen.

WHEN Apelles was requested to paint the por-

" Beauty's queen, the world's sole wonderment,"
he immediately set out on a tour in search of a
being still more perfect and angelic. We learn
from this that the ancients were not easily pleased
in matters which concerned their pleasures only,
and it would not be difficult to show that in these
modern days we are still more captious and hard to
please than the people of ALEXANDER'S time. Lord
STANLEY and the agriculturists axe amongst the
most irreconcileable. The noble lord tells us that
there are 77,000,000 acres of land in the United
Kingdom, of which three-fifths were under culti-
vation, one fifth is not cultivatable by nature, and
the other one-fifth might be rendered productive
but is not. Lord STANLEY is not satisfied with the
result of his laborious investigations. He would
fain see every acre teeming with abundance. He
would like to see every rocky mountain a rich pas
ture, and the haunts of the eagle so many lofty
His lordship is not at all singular in
We believe that trade, commerce,

soldiering the militia and police
and the endless variety of other pursuits

which present themselves to the masses in so
many inviting aspects, are absorbing by far too
rapidly the labour required to keep up a fair
supply of the common, or rather agricultural,
necessaries of life ; and hence the high prices
that are now ruling in our markets may be ac-
counted for in a great degree.
It would be useless, therefore, to talk of reclaim.
ing our waste land ; and Lord STANLEY does not
direct public attention to the subject, to encourage
the opening up of new soil, but to induce us to
make the most of that which is already in use.
This is reasonable enough. But then the noble
lord goes on to state that " all experienced agri-
culturists say that there is yet room for the ex-
-liture of 100,000,0001. sterling in drainage in
Agricultural experience certainly
.a best of this argument, as far as " room" is
concerned, provided it keeps looking forward, and
does not venture to cast an eye behind it, towards

THE NORTHERN TINE ..-LIVERPOOL,

that huge mountain of parchment, which; under
the odious name of mortgages or encum-
brances, is bearing directly on the fee-simple,
or less substantial territorial interests. Looking
a-bead all is clear—all is room. But half a yard
behind the landlord's heels stands a pyramid of
400,000,0001. of mortgage debt. We do not wish
to startle Lord STANLEY or any other nobleman
who would lend a helping land in a good cause,

still, when we are asked for so large a sum as

100,000,000/. for any particular purpose, we are
bound to enquire into the character of the security
offered to the lender. In the first place, the

philosophy of the day tends more in the direction
of clearing off old scores, than adding to the
accumulation of centuries. When we speak of
" the debtor interest," we have a merciful eye
turned towards the landed interest. We are not
so blind in matters connected with political
economy, as not to see where the greatest amount
of settled and immoveable indebtedness rests, or so
,vicious in our politics as to desire to elevate one
class of the community, by doing irreparable
injury to another. The land is the heaviest
debtor, and machinery comes next in the cate-
gory of mortgage liabilites. What further use, then,
is it possible to make of the land now open to us ?
Who is to supply the security ? and who is to
lend the cash ? Making an addition of twenty-
five per cent. to the sum already advanced and sunk
on the sixty per cent. of land now under cultivation,

would be a very serious affair. The dividends on
the 100 000,0001. could only be paid in one, of two
ways, namely, by an advance in the prices of
agricultural produce, or by the increased produc-
tiveness of the soil on which the money is to be
expended, and in either case there are many con-
tingencies to be considered, while augmenting
the imbargoes on the land would require a further
advance on the present average of rents. The
public as consumers, and the farmers as tenants,
will be best able to discuss the advantages of this
phase of the proposal.
The Bullionist must also be consulted on the
subject. He has to find the foreign commodity—
gold—on which we are left to depend for the
improvement of the land from which we are to
receive our daily bread. He must have a bullion
rate of interest for his money, and a first charge on
the land. He can find abundant employment for
his yellow metal in trade at a fabulous discount,
and he will ask something more than landowners
have been in the habit of paying. Where corn
rents are asked he will dMaland a corn interest.
But what is there in the present condition
of things to justify a belief that corn
will be dear, or that the average of the last
three years can be maintained. The absorption
of labour by the army, navy, militia, and police,
may cause many thousands of acres of land to be
thrown out of cultivation. If Ireland should be
wise enough to keep her labourers at home hence-
forth, the cultivation of the soil may be still more
restricted. One and all of these things may keep
up the average price of corn, but this will not add
to the value of land. The only resource left open
to our territorial lords is the prolific field of taxa-
If they can repeal taxes affecting their pro-
perty, to the extent of 10,000,0001. or 20,000,600/.,
and at the same time release a proportionate
amount of labour from Aldershott and the other
camps in the United Kingdom, they may be able
to expend 100,000,0001. in the drainage of the soil
in ten or five years, but in the abnormal state in
which we are now as regards the supply of raw
listribution of labour, the pressure of

taxation, and the anomalous and threatening eon-
dition'of the money market, it is useless to talk of

100,000,0001. for permanent agricultural improve-
ments, unless the landlords are ready to advance it
from their idle cash balances at their bankers, or to
take it from the army, navy, or militia estimates.
If this cannot be done, we must rest satisfied with
three-fifths only of our surface under cultivation
for another quarter of a century.

MOND

MONETARY AND COMMERCIAL.

The Cotton Market on Saturday was steady ;
holders supplied the market sparingly, and full
rates were obtained. The transactions reached
15,000 bales, of which speculators and exporters
took 8,000. The steam-ship Asia, which entered the
Mersey yesterday afternoon, reports the market
there as being rather firm, and, in consequence of
the tenor of last advises from this country, had

enabled sellers to obtain better prices.
During the week, the imports of specie com-
prised two barrels, ninety-two bags. and twenty-
two cases, from Antwerp ; 138,7001. from America ;
besides thirteen packages, amount•unknown, from
Antwerp. The exports have been confined chiefly
to private shipments to France, of which no
accounts can be obtained, and shipments through
the London Custom-house to the Continent to the

amount of about 49 5001.
There has not been much business going for-
ward in our Railway Stock and Share Market, at
the same time prices generally are well sustained,
and on Saturday the market closed with a firm
feeling, as follows :—Caledonian, 511 Eastern
Counties, 91 4,-. East Lancashire, 821 831. Great
Northern, 96 97. Ditto A., 851 861. Great
Western, 641 641 Lancashire and Yorkshire, 981.
London and North Western,lo4l 105, Manchester,
Sheffield, and Lincolnshire, 341 34k. North
British, 391. South Eastern and Dover, 731,
731. York, Newcastle, and Berwick, 811 821. York
and North Midland, 571 581.
The Market for Public Securities presented a
very dull feeling on Saturday, the fineness, of the
weather having induced many of the members of
the House to absent themselves from the City.
Scarcely any business was transacted in this or
any other description of investment, and the varia-
tion in prices, therefore, was insignificant. Consols
for money were almost nominal at 95 to 95,1 for
transfer, and at 951 t for account, September 10th.
There was no alteration after hours. The New
Three per Cents. were 951- to 96, the Reduced 951,
and the Thirty Years' Annuities, 1885, 184 Ex-
_ _ .

chequer Bills were is higher, viz., lls to 15s prem.,
and India Bonds were 15s prem.
We quote the following from the circular of
Mr. Avens, of London :
The Money Market has been moderately active during the
week, but it has not been adversely affected either by the un-
settled state of the weather, the advance in the price of corn,
or the constancy of the demand in order to carry on the in-
creasing commercial operations of the country. Rates con-
tinue nominally at! the Bank minimum of 41 per cent, but
the mass of transactions in Lombard-street are effected at 4
and 4 per cent. The supplies are ample, so much so that
some establishments complain of not being able to find em-
ployment for their surplus funds. We do not, however,
expect any reduction of terms until a later period in the
year, probably about October, as the demand for gold from
the Continent, which still continues, must necessarily com-
pel the directors of the Bank of England to protect their
bullion as much as possible through the medium of the
exchanges. At the same time, if the harvest proves abun-
dant, as it is likely to bP, and we should be enabled to arrest
the outflow of bullion by the ordinary course of
trade, as it is not improbable, the competition
for bills between Lombard-street and the Bank will
practically lower the rates, although they may, in the
exercise of a cautions policy, be apparently maintained. So
far as we can read the indications of the market, assuming
that the harvest turns out well, and that the Continental
demand for gold will abate, we see no reason for doubting
that money may be somewhat cheaper even before October.
However, much depends upon the two considerations here
assumed. The railway and foreign settlements just con-
cluded, have induced rather a better demand upon the stock
exchange, but not enough to create inconvenience ; and the
enquiry was temporarily stimulated also by preparations to
pay the instalment of £500,000 due on Thursday upon the
loan. The imports of specie during the week amount to
little more than £lOO,OOO, all from the United States. The
exports are probably about as much. Several vessels, with
pld on board, are now dne from Australia. With respect to
the Continental demand for gold, very little more has trans-
pired as to its actual causes; but there is reason to believe
that the regular purchases by the Bank of France are
partially suspended for the present, and that the bulk of the
operations during the last fortnight, have been in payment,
by this mans, for silver bought on English account for
India and China. There is still a considerable
quantity of silver in the London market unsold, waiting the
determination of price. The price is now at its maximum,
and the offers are not equal to the expectations of the
holders. This, with further large arrivals expected from
South America by the next three or four packets. may possibly
check the Continental purchases for a time, and so diminish
the outflow of gold upon that account. Meanwhile, we
believe that India and China, though still absorbing a large
amount, will, in a few months, require less, as the orders for
silk sent to China are pretty nearly paid for, while a more
favourable state of the exchanges with India is not yet
hopeless. On the whole, therefore, we believe that the
demand upon this country for the precious metals is growing
weaker ; and though we cannot expect it, under present
circumstances, to disappear altogether, there are rational
grounds for anticipating that it will have less effect for the
future upon the value of money, and the state of credit
here, than it has had for some time past.
The Mining Market is daily assuming a firmer
tone, and there is great activity in shares. One
or two important improvements early in the week
created a demand for shares in two or three
mines, and consequently a rise in value took
place, especially in East Tolgus, shares in which
have now reached 75. South Frances shares have
been in request at a further advance, and few
sellers to be found. In Grenville, which is the
adjoining mine, an important improvement has
been reported, and shares arose to this mine
promises ere long to assume an importantposition.
Great Alfreds remain firm. Basset, 285 ; Wheal
\Vrey, 8 to 8 ; • Mary Ann, 35 to 36, and several
transactions in them ; Gonamena, 26 to 26i ;
'South Caradon, 280 to 290 ; Buller, 280 to 290,
and rather more enquired for ; Devon Consols,
395 to 400 ; Porkellis, 10 to 11; South Frances,
365 ; East Basset, 42 ; Alfred Consols, I ; West
Providence, 184 to 19 ; South Tolgus, 130 ; Sort-
ridge Consols, 21,- to 24; Clijah and Wentworth,
13i ; Great Alfred, 4,1; North Frances, 104 ; West
Frances, 15.
The announcement is made of the opening of a
new line of screw steamers between London and
the west coast of Africa. The Ida, of 637 tons
register, beitag the first vessel of this line, is adver-
tised to leave the West India docks on the 15th
of September, for Goree, Bathurst, Sierra Leone,
Monrovia, Cape Coast' Castle, Accra, Lagos,
Bonny, Old Calabar, Cameroons, and Fernanda
Po. Other vessels are to be despatched at least
once a month. Amongst the circumstances which
have encouraged the formation of this enterprise
is the removal of the African Mail Company's ves-
sels to Liverpool.
In consequence of an alteration in the arrange-
ments for despatching from Marseilles the French
mail packets on the Egyptian line, the mails from
Alexandria. intended to be forwarded by those
packets, will, in future, be made up in London on
the morning and evening of every alternate
Tuesday, calculating from Tuesday the 19th inst.
The Peninsular and Oriental Company have
received orders from the government to take out
the lantern, light apparatus, and iron-work of the
tower intended for a light-house at Cerigo.
A. return has
.just been printed, describing the
changes made in foreign tariffs since the date of
the similar return issued in August, 1855. The
countries by which alterations have been made are
Sweden, France, Austria, Rome, Mexico, and Peru.
The Swedish changes consist in allowing the im-
portation at fixed rates of duty of certain articles
previously prohibited—namely, pig and ballast
iron, and silk, cotton, woollen, and linen manufac
tures, and in granting entire freedom for bread-
stuffs, certain kinds of fish, butter and cheese, oils,
tallow, rice, cattle, and swine. The French changes
apply to 36 branches of production, the principal
being sugar, timber, iron, machinery agricultural
implements, and skins. With some wholly unim-
portant qualifications a reduction has been effected
in every instance. In sugar it amounts to between
9 and 10 per cent., and molasses, which were pro-
hibited, have been rendered free. Some descrip-
tions of timber, if imported in French vessels, are
also set free, and in others there is a reduction
ranging from 994 to 24 per cent. according to flag.
In various sorts Of iron manufactures 'he reduction
ranges from 60 to 11 per cent. In machinery it
ranges from 384 to 11 per cent., and in agricultural
implements it averages about 15 per cent. The
Austrian reductions have been in cocoa' coffee,
drugs, sugar, fish, oil, wine, lead, and iron' and
linen, woollen, and cotton yarn, and they aver-
age about 25 per cent. The Roman States have
adopted in several cases a large increase, steel,
copper, haberdashery, and lace being among the
number. The articles in which there have been
reductions include certain kinds of linen, woollen
and cotton manufactures, glass, wood, china, lead,
tin, iron, skins, aromatic oils, salted meats, and
several kinds of chymicals. In many cases the
reduction is equal to 50 per cent., but is virtually
of little importance, the sum still levied being