The Northern Daily Times.
Liverpool, Merseyside, England, 1856-09-23 00:00:00

plished such miraculous transitions from this to
that. What it made of Mr. MACGRE6OR, we have
already described ; and it remains for the share-
holders to show us how far the Royal British Bank
was connected with the Newcastle Commercial

Banking Company, and if, through the latter, it

had any connection with the living or dead JOHN
SADLEIR'S swindles. We do not mean to say that it

had, but it would be well to convince the country of

the fact. Mr. Alderman KENNEDY, whose name was

so loudly mentioned at the meeting of shareholders

of the Royal British Bank, was largely mixed

up with JAMES SADLEIR in the Newcastle Commer-
cial Banking Company, and it would be only right
to see that there was no link whatever between the

Royal British and the Newcastle concern

Somo people seem to think that the whole of the
ramifications of the SADLEIRS semi-political
robberies have been brought to light ; but we
labour under a very different impression. We think
it will be found that their roots have sunk deeper,
and their branches run up higher, than the world
has the least idea of at present. It is strange,
at all events, that there should have been the
remotest connecting link between the Royal
British and the name of SADLEIR. Murder will
out, however, and we must bide our time for
further disclosures. What most interests our
readers at the present moment, is the fact
mentioned by Mr. GILLOTT, a director of the Royal
British Bank, with regard to the frightful imposi-
tion to which shareholders and the public generally
are exposed, when they resort to the Court of
Chancery to wind up a bubble bank. Mr. GILLOTT
said, "he hoped that all would do all they could
"in order to decrease the expenses attending the
" winding up of this corporation, for if each of the
" depositors presented his claim to the Master,
" they would each cost two guineas, which would
"increase the expense of the corporation nearly
10,0001. Here, then, we find that, in order
to comply with the law in the winding up of
a bankrupt estate, in which all parties have
been heavy losers, the further loss of 10,0001 must

be incurred !
Was there ever such an imposition attempted
under the name of justice? The LORD CHAN-
CELLOR is paid out of the Consolidated Fund or
the general taxation of the realm, if the MASTER is
not, and still, when that officer's services are
required to save the subject from ruination, a fee
of two guineas is demanded from each sufferer, and
an aggregate sum amounting to 10,0001 taken from
a fund which is required to pay off the claims of
needy depositors and ruined creditors ! What is
the consequence? Instead of the aggrieved going
to seek the protection of a court of justice, we
here find them begging not to be dragged before
a tribunal where they would be mulcted of 10,0001
at one sweep. Is there no reformation, no
abolition, required here ? Is this plague spot to
be suffered to exist, year after year, in its present
state ? Are public bodies, as well as helpless
individuals, to be fleeced with impunity in this
Star-Chamber tribunal ? Society must surely
be sick of hearing of its grossly extrava-
gant charges, and the injustice of its
decisions. It is a bitter reproach to a Constitu-
tional and commercial nation, to say that such an
institution is in existence, much as we may vener-
ate ermine for its purity, and love equity in a
moral sense. Law, cheap, short, and decisive, is
what we require, more especially in mercantile
transactions, and not a wretchedly, sluggish, sub-
stance devouring inquisition, which ruins both
plaintiffs and defendants, in nearly every cause
it gets into its hands.

and Newfoundland

FREMONT and the Auti-Slavery cause progress
favourably, and the ruptures which have lately
taken place in Kansas will hasten forward their
signal triumph. The Northern States are, in nu-
merical strength, the Russia► of America. The
population of any two of the non-slave holding
States would overrun the whole of the south. It

is useless to suppose, therefore, that the Pro-Slavery
party can succeed in a civil war, in which blood
has already been shed. The Abolitionists will not
submit to the disgrace of being driven from their
homes, and denied all access to an integral portion
of the national domain. Wisconsin has declared
in favour of its abused citizens, and will, no doubt,
send succour to the Abolitionists of Kansas. All
the Western States will follow this example before
long, and it is impossible to believe that the slaves
themselves will not rise, en masse, and bring the
contest to a speedy issue. The fever of Abolition
must assuredly reach them, and then the south will
be made to pay a terrible penalty for its folly. An
armed struggle on a question in which the opinions
and feelings of the entire Union are the most at
variance, cannot be confined to one solitary territory.
The contagion will spread, and it will be well for
all if the Presidential Election should settle the
dispute in favour of the stronger side. If FREgONT
should be returned, the Kansas war will be ter-
minated at once. His party have the power to act
decisively in the matter, whereas, if Mr. BUCHANAN
were to win the election, of which there does not
appear to be the vestige of a chance, he can do
nothing to aid the Southerners, or check the
Abolionists.
The Free-Soilers, moreover, will gain consider-
ably, both in the Senate and House of Representa-
tives, at the general election, and BUCHANAN'S
Government would be restrained by the Parlia-
mentary voice. Hence we have arrived at a new
era in American politics. A change, as vast as any
that could be hurried on the oldest empires of
Europe, has to be encountered in the young
giant Republic. The wildest passions have to be
subdued, and the most ungodly prejudices
removed. Three millions of human beings have
to be raised from bondage to liberty, and the Free-
man hurled from an unholy ascendancy, and

deprived o no less diabolical means of existence,
to make i oom for humanity, and clear the way for
Christianity and civilisation. There were never
mightier changes impending over the heads of
any nation. The republics of antiquity, or the
gaudiest monarchies of modern times, never had a
severer ordeal to pass through. High moral
feeling, and profound political rectitude, have never
been brought into more direct antagonism, with a
fiendish love of base privileges, despicable avarice,
and revolting tyranny. The Negro is to be set
free, and the white man deprived of his slave—his

hereditary property.
The Northern States have exhibited the noblest
forbearance, through many years of reproach and
trial ; but once the sword is drawn, and such scenes
as those recorded in the despatch of our New
York Correspondent, which we published yester-
day, passiveness becomes a crime, and want of
sympathy in a just cause a sin which does not
belong to the Free Statesmen of America. We may,
consequently, expect to hear, by the next mail,
that the Anti-Slavery war is beginning to assume
very formidable dimensions, and that BUCHANAN
has retired from a contest which, if carried to a
poll, would only tend to inflame the hostility of the
party be would have most to fear when raised to
the office of President. Great Britain's interest in
this melancholy state of things is still confined,
however, to the effect its issue will have on our

NORTHERN TIMES.-PVERPOOL,

TUESDAY,

markets. It cannot interfere with our supplies of
breadstuffs and provisions. These we receive
from the Northern and Western States. In our
cotton and sugar markets we shall feel it most,
and if it was not for the disgraceful state in which
our money market has been in for the last two
months, it is likely that due advantage would have
been taken of the timely warning we have had of
what appears to be the inevitable result of the
American slavery struggle. This has not been
done, as the prices and transactions of
the last eight or ten weeks clearly prove
and the consequences remain to be seen.
An accident may lead to events on the
shores of the Mississippi which may tell a painful
tale in Lancashire, and although men may be afraid
or unable to act, owing to the difficulty experienced
in obtaining money, still they must be alive to the

perils impending.
If we had large stocks of flax on hand to supply
the place of cotton, or could turn to other coun-
tries for an increased quantity of sugar, the
threatened evils would not be so great; but here
we stand worse off than we were in 18)4 for sup-
plies, with a large augmentation in our foreign
demand, which we are told is to become greater
still, without a hone of relief. This, we cont,end, is
a most hazardous position for Lancashire to be in.
We are bound to hope for the best, and more we

cannot do. Excessive taxation and restricted
issues have brought the money market pretty
nearly to a dead lock. Very small advances, at
short dates only, can be obtained on heavy consign-
ments. The Bears would have a harvest panic,
which could not be mistaken, if the public were in
a temper to bear it, and see their substance passing
away from them for anything it would fetch. Should
our cotton supply fall short through political causes'
the Bear family may then revel in delight. If the
kind disposition which has bound the Americans
so closely together for three-quarters of a century,
and the respect which every citizen of the Union
shows towards his neighbour's property, should
break down under the present severe test,
this kingdom must feel a shock such as
few are willing to believe. The troubles of
Europe may contribute towards the happi-
ness of those who glory in the depreciation
of everything, from the Peer's estate to the
peasant's daily labour, but an interruption to our
cotton market, such as we have now a right to
apprehend, will be the heaviest blow Great Britain
has ever experienced, from circumstances not
wholly beyond her own control.

AFFAIRS IN BRITISH NORTH AMERICA

By the royal mail steam-ship Niagara, which

tached this port on Sunday, we have received late

papers and private advices from Canada, New
Brunswick, Nova Scotia, Prince Edward's Island,

According to Montreal advices, of the 6th inst
the din of preparation for the election of members
of the Legislative Council was pretty loud over the
province. Each party was eagerly seeking to in-
fuse into the Upper House something of its own
sentiments and feelings. A public dinner had
been given at Quebec to the Hon. F. Le Mieux,
at which a considerable number of Canadian
statesmen were present. In the course of Mr.
Le Mieux's speech, he alluded at some
length to the political topics of the day.
Commerce, he said, might be languishing,
but it would again more than regain
what it had lost, and go on increasing
Quebec, and Point Levi could not fail to reap part
of the harvest which would fall to their country
from the acknowledgment that the St. Lawrence
was the great highway from the West to the
Atlantic Ocean. He thought that the reciprocity
treaty had probably served the interests of Upper
Canada and Montreal more than of Quebec, and their
rivers, because they had not as yet been successful
in obtaining the registration of Canadian vessels
in the United States, but as measures had been
taken to secure that desirable object, hopes were
entertained that they would be successful. He
expressed his firm conviction that Quebec should
be the permanent seat of government. Mr. Dunbar
Ross, Solicitor-General, was also present, and
spoke of the present coalition government as
a progressive one, because composed of liberal and
enlightened Conservatives. The next speech
was that delivered by Mr. Chabot. He referred to
the past progress of Canada, and to the fact, that
many of the difficulties against which it had to
contend was fast disappearing. Mr. Alleyn
responded, in a speech of some length and ability,
to the toast of the working classes. He held that
Quebec was destined to bo the New Orleans of the
St. Lawrence, and all Canada would reap the ad-
vantage. Referring to the efforts of several can-
didates of the House of Assembly endeavouring to
get seats in the Legislative Council, the Montreal
Commercial Advertiser says :—" As the elections for
the council now approach, we may as well put
some of the candidates out of their misery, by the
announcement that no member of the assemby can
be elected." The Advertiser then proceeds to
examine the statutes bearing on the subject,
and concludes by letting certain candidates
for promotion understand that their efforts
have been in vain, The Quebec Morning
Chronicle states that it has received a
telegraphic despatch from Toronto, stating that
the question of the dissolution of th 3 Canadian
Parliament would most probably be debated in the
Executive Council. • This rumour was denied by
subsequent advices in other papers.
There is not any intelligence of moment in the
papers from Nova Scotia. General Sir William
Eyre had visited the province on a tour of
inspection, and was received at all the places
where he called with great eclat, but
there seemed a good deal of " Irish blarney " in
his replies to the addresses presented to him.
Alluding to the Patriotic Fund, his language to the
people of Nova Scotia and New Brunswick were
quite the same. The anniversary of the birth-day
of Prince Albert had been observed with great
enthusiasm by the people of Halifax. The flag-
staffs in the Citadel were gaily decked, and the
shipping in the harbour displayed their flags.
A grand military review added to the gaiety of
the day.
From New Brunswick our dates are to the
9th instant. The first annual meeting of St.
John's Chamber of Commerce had been held,
the President, the Honourable John Robinson
presided. The report alluded to the successful
termination of the efforts by the Chamber to
obtain a reduction of transatlantic postage. The
Chamber had prepared a law respecting the
shipment of merchant seamen, which would be
submitted to the Legislative Assembly. Allusion
was made to the state of the harbour, and the
necessity for keeping it clear. For this purpose an
application would be made to the Government for
the use of the dredging machine. The St. John's
Courier and Freeman were busily engaged in
discussing the relative superiority of Irish and
English races, without either of the writers
interesting or edifying any of their readers. The
Executive Council had been in session at Frederick-
town, when a variety of important matters, affecting
the future welfare of New Brunswick, were brought
under discussion, and it was said that
the railway most of them were decided in a manner
that would give satisfaction to the country
at large. A most satisfactory communi7
province,
to e atrythoen Government
cation had been received from Messrs. Baring and
Company, of London, respecting the money to be
furnishedunder-
takings
of bythe the
under-
taking to become security for tl •
tepayment of the
money advanced. It was repeated that the
Government had under their consideration, a
project for altering and amending the election law
of New Brunswick, and to extend the franchise, so
as to make it universal suffrage.

Week ended

20th Sept., 1856

20th Sept., 1855.
Increase in ships..

Week ended

20th Sept., 1856
20th Sept., 1855,
Increase in ships.

From Ist January.
20th Sept., 1856.
20th Sept.. 1855.

MONETARY AND COMMERCIAL

LIVERPOOL, MONDAY tVENING
The tendency ‘of the Niagara's advices has
given greater firmness to our Cotton Market, so
that to-day holders offered somewhat sparingly,
and were enabled to obtain rather better prices.
The sales were estimated at 12,000 bales, and of
this quantity no less than 6,000 changed hands on
speculation and for export. This turn in the
market has been caused, in some degree, by the
lower estimates, and the expectation of a very con-
siderable increase in the consumption during the
next twelve months.
There has not been much business going forward
on our Stock Exchange to-day. The market
opened weak, and afterwards a decline took place,
but towards the close of the day there was
a rally, and considerably improved rates were
established. The dealings were chiefly in
the London . and North Western and Midland
Stocks. The last actual sales reported comprised
-Eastern Counties, 91 ; Great Western, 641 ;
Lancashire Stock, 961,1; Manchester, Sheffield, and
1 -1 Lincoln, 32 The closing 4 prices were as follows :
-Aberdeen, 131131. Chester and Birkenhead, 15/
152. Caledonian, 261 27. Chester and Holyhead, 161
161. Eastern Counties, 91 91. East Lancashire, 201
20*. Great Northern, 231 23a. Do. A, 101 10/,
Great Western, 64 641. Lancashire and York-
shire Stock, 961 962. Liverpool, Crosby, and
Southport, 181 181 London and North Western
Stock. 1024 1021 Manchester, Sheffield, and
Lincolnshire, 32 327, Midland Stock, 781 781
.',:orth British, 9 1.1-16 91. North Staffordshire, 51
sd. South Eastern and Dover, 21 5-16 211. York,
Newcastle, and Berwick, 19,1 20*. York and North
Midland, 281 281. Leeds Capital Stock, 171 171.
Buffalo and Lake Huron, 1-16 d 1-16 p. Dutch
Rhenish, 2 1-16 2 3-16 p. Great Western of Canada,
231232. Ditto New Shares, la p. Great Luxem-
bourg, 101 10/ d.
There is not any change to notice in the position
of the Money Market To obtain Bank accommo-
dation full rates of discount must be paid, whilst
the Banks exercise great caution in doing bills with
first class names. Added to this, the present
state of our relations with Naples, and the very
unfavourable position of the affairs of the Royal
British Bank, exercises an unfavourable
influence upon the Consol Market, consequently,
there was a very dull market to-day, and prices
had a declining tendency. The dealings at the
commencement were done at 949 941- for the Account
and 941- for Money. These prices were maintained
during the day, except that Consols for transfer
fell to 04k, and closed at 941 to for both money
and account. No change announced in the rates
for Exchequer Bills, which were quoted at 13s to
163 6d premium.
The London Share Market to-day has been
reported rather depressed, with very little businesa.
The actual sales reported comprised Caledonians
at 54:1 54. Eastern Counties, 91. Great Western,
648. London and North Western Stock, 1031 104.
Midland Stock, 78 78a. North British, 39. York
and North Midland, 56, At the close of business
the market had a very weak appearance, and the
latest quotations marked were-Caledonian, 531
54. Eastern Counties, 9. East Lancashire, 80
82. Great Northern, 231 241 Do. A., 82 821.
Great Western, 641. Lancashire and Yorkshire,
961 961. London and North Western, 1021 103.
Manchester, Sheffield, and Lincolnshire, 321 321.
Midland Stock, 781 782-. North British, 38 381
South Eastern and Dover, 701 711. York, New-
castle, and Berwick, 79 80. York and North
Midland, 5511511.
The weather continues unsettled, but as the
harvest is pretty well nigh completed, it does not
exercise any particular influence upon the grain
trade. At Mark-lane, to-day, the supplies were only
moderate, but the attendance of buyers being
limited there was a dull trade. Wheat and flour
were the turn easier to buy, although not quoted.
cheaper than on this day week. Barley receded
2s per quarter, and all other articles were held
nominally at the currency of Monday last
The Liverpool Customs' Bill of Entry, issued
this morning. contains the usual statistical return
of the trade of the port of Liverpool, viz
Entered Inwards.
No. of Ships
115

24. Increase in tonnage

Cleared Outwards

No. of Ships.
102..,

Tonnage
—56,269
..51,710

Tonnage,
...62,816
...53,275

.., _lO. Increase in tonnage
Reported Inwards
Ships.
3,141
3 lO6

Tonnage.
1,787,647
1,543,302
244,345.

Increase in ships 35. Increase in tonnage
The dealings in Crystal Palace Shares have for
the present been almost suspended, in COTISe.
quence of the serious irregularities which have
come to light regarding the transfer of shares, by
the servant of the company who has absconded.
The railway meetings of the last week have not
been numerous, but they have presented some
facts of interest. According to the statement of
the directors, the works of the Bridport Railway
are progressing, and the line is expected to be ready
in the spring. The committee appointed at.a recent
meeting at Fermoy have adopted a resolution in
favour of a line from Fermoy to Carrigtwohill and
Queenstown. The shareholders of the Caledonian
Company have confirmed the dividends at the rate
of 4 and 5 per cent on the preference stock, and
of 1 per cent on the ordinary stock. The general
discussion related to the management, and it was
announced that the agreement with the Edinburgh
and Glasgow Railway will shortly be completed.
In the course of the proceedings a motion to
appoint a committee of investigation was
defeated by a large majority. A scrutiny of
the votes, however, has to be taken. A
proposal has been made for the purchase of
the Brecknock and Abergavenny Canal, with the
view of converting it into a railway, and the preli-
minary arrangements have been agreed to. A com-
mittee of shareholders of the Shrewsbury and
Welshpool Railway have been appointed to ascer-
tain the financial position of the undertaking At
a meeting at Herne Bay, resolutions have been
passed in favour of a direct railway communi-
cation between Herne Bay and London, by means
of a junction with the East Kent at Faver-
sham. The local comtnitte3, appointed to
consider the best means of obtaining the construe
tion of a connecting line between Devizes and
Hungerford, have decided on recommending the
line by Pewsey and Burbage. According to the
report of the Lancaster and Preston Junction
Company, the dividend declared will be at the rate
of 21 3s per whole share, and in proportion on other
descriptions. The inhabitants of Cranbrook have
passed resolutions in favour of a line from the
Weald of Kent to Maidstone, in order to attain
direct communication with the metropolis. The
report of the Midland Great Western Company has
been adopted, and the dividend confirmed at the
rate of 6 per cent per annum. The revenue shows
satisfactory results, and the directors continue to

exercise economy.
Another failure is announced at Manchester,
namely, that of Messrs. W. H. Gray and Co-,
spinners and manufacturers. The liabilities
are said to be under £15,000. There has
been a meeting of Mr. Alderman Shawcross's
creditors, at which the debts were stated
to be rather under £25,000, and the assets
£13,000. It was agreed to accept a composition of
12s 6d in the pound. in five instalments, spread
over two years, and this proposition was to be sub-
mitted to Mr Shaweross for consideration.
The downward movement in the French Funds
on the Paris Bourse, which had existed during the
previous three days, continued to the close of the
week, when the final quotations on Saturday
exhibited a decline of 10c in the Three per Cent
Renter for Money, and 25c for the Account ; 10c in
the FOur and a Half per Cents for Money, and 35:c
for the:Am:hint. The rumours of a political
nature, relative to the affairs of Naples, were the
chief cause of the decline. •

LIVERPOOL ROYAL INFIRMARY.—Week ending Sept. 20
1856.—Admitted : In-patients, 30 ; out,patients, 5 ;
casuals during week, 11. Discharged. : In-patients cured,
17 ; relieved, and at own request, 8; made out-patients,
; irregular, 6 ; dead, 3 ; remain in the house, 168.
House visitors : John Crappe and Thomas D. Hornby,
Esqrs. Physician and surgeon for ensuing week : Dr,
Dickenson, and Mr. Long. House sureeon : Mr, E.
Morris. Junior house surgeon : Mr. cCal. Webster.
Chaplain : Rev. H. J. Garrod, B.A: Robert Hutchison,
Treasurer.