The Northern Daily Times.
Liverpool, Merseyside, England, 1853-10-27 00:00:00

TFRST DERBY GUARDIANS.

The weekly meeting of the board was held yesterday, at,
the Workhouse, Mill-lane, Everton. Mr. Joseph Harri-
son in the chair. The other members present were, the
Rev. W. Badnall, and Messrs. Alpass, Hayes' Miller,
Smith, Carter, Roskell, Lunt, Craig, Medcaff, Horsfall,
Jeffries, McGee, Kirkus, Hyde, Gilbert Harrison, Knowles,
Birch, Tattersall, and Shaw.
The applications for relief having been disposed of, the
Governor submitted his weekly account, by which it ap-
peared that the number at present in the house was 677.
Checques on account of out-door relief were given to the
various relieving officers, viz., to Mr. Allen, £63 ; Mr.
Olney, £25 ; Mr. Potts, £B2 ; Mr. Lythgoe, £lB.
A letter was read from the Poor Law Board, dated the
10th instant, sanctioning the appointment of Mr. Barnabas
Barrett, as medical officer for the Toxteth Park district, at
a salary of £lOO per annum.

THE ALTERATIONS AT THE HOSPITAL,

Mr. Robert Martin, builder, appeared before the board,
and requested as a favour, that in consequence of a mistake
made in his tender, which was accepted last week by the
board, for the additions and alteration at the hospital, he
might be relieved from the contract into which he had
entered; as he should lose from £6O to £BO by it. On Mr.
Martin retiring considerable discussion took place on the
matter, in the course of which, Mr. Kirkus and some other
members of the board were opposed to Mr. Martin being
released from. the contract. On a division, however, there
were nine in favour of his being released, and eight

against it.
Mr. ALPASS then moved] that Mr. Jones, whose tender on
the former occasion was next t 9 Mr. Martin's, be now
written to to know if he would undertake the contract on the
terms of that tender.
The REV. W. BADNALL seconded the resolution.
Mr. lintnns moved as an amendment, that advertisements
for a new tender be issued. _

The amendment having been seconded, a lengthened dis-
cussion followed, in which several members of the board
took part.
Ultimately, Mr. Kirkus's amendment was carried by a
majority of 12 to 6, and the clerk was instructed to issue the
necessary advertisement.
NUISANCES IN CHAPEL-PLACE AND BELGRAVE-STREET,

A letter was read from Mr. M'Gowan, the law clerk of
the Health Committee of Liverpool, in reference to the
nuisances in Chapel Place and Belgrave-street, which were
last week brought before the board. The letter stated that
with regard to Belgrave-street, a person had applied for, and
obtained particulars of the levels, preparatory to his exe-
cuting the requisite flagging, and that, as to Chapel Place,
the Health Committee had given directions for the paving
to be proceeded with by the borough engineer without
delay.

The communication was received with much satisfaction by
the board.

APPOINTMENT OP ASSISTANT-MASTER TO THE WORKHOUSE,

The board then proceeded to the appointment of a new as-
sistant-master to the workhouse, which had again become
vacant in consequence of the person who was recently ap-
pointed having resigned.
Mr. Au'A.ss said as there were a considerable number of
applicants, he would move the appointment of a committee
who should now retire for the purpose of selecting three
names from the list of applicants, and submitting them to
the board.

The motion, having been seconded, was carried, and the
committee, consisting of Messrs. Alpass, Badnall, and Wens-
ley, retired, for the purpose of making a selection. On their
return into the board-room,
Mr. ALPASS said that the committee had made
their selection from amongst the applicants, viz., Mr. Robert-
son, from the Glasgow prison, who was a candidate on the
former occasion, and who now sent the same testimonials ;
Sergeant Kelly, of the county constabulary force, who was
well spokenof by several gentlemen residing in West Derby ;
and the third was Mr. Bancroft, who had for some time
been in the employment of the Town Council of Stockport,
and who came highly recommended from the mayor and
town council of that borough. These were the three names
which the committee had selected, but they especially
recommended. Mr. Robertson, and he (Mr. Alpass) therefore
moved that Mr. Robertson be appointed.
Mr. KIRKUS seconded the motion, and Mr. Robertson
was unanimously elected to the vacant office.
After some discussion it was agreed that Mr. Robertspn
should find sureties to the amount of £5O, for the due per-
formance of the duties of the office.

It was also agreed that the matron of the- hospital find
s3curity in the sum of £l5O, for the faithful performance of
her duties ; likewise Mr. Capes, the book-keeper at the
hospital, in the sum of £5O. .

MEDICAL OFFICER'S SALARY

The Rev. W. BADNALL, on being called upon, said he
begged to withdraw his motion that Dx. Nevins's salary be
increased from £lOO to £l5O per year. (Applause.)

CONTRACTS

The tender of Messrs. White and Simpson, of Lower
Bank View, Bootle, for the sewerage and drainage of the
house, was accepted, after some discussion. The tender
of Messrs Jones and Smith was the lowest, but it was
refused in consequence of an explanation by the clerk of
an irregularity on Mr. Jones's part in connexion with a
former contract at Bootle.

The CHAIRMAN must do Mr. Jones the justice of saying,
that he had had extensive contracts with the corporation of
Liverpool, and had given every satisfaction.
The tender of Mr. Little, for supplying the Union with
wines and spirits, was accepted; as also the tender of Mr.
Evans Marks, of Mill-lane, Hindley, for the supply of clogs.
This terminated the business, and the board adjourned.

ACCIDENT.—Thomas Wood, a labouring man, 50
years of age, residing in School-lane, while working yester-
day for Newton, and Co., King-street, fell off a ladder, on
the back of bis head, thereby producing severe concussion of
the brain.

MONETARY AND COMMERCIAL

LIVERPOOL, WEDNESDAY EVENING

-By the arrival of the Baltic this_morning we are
in possession of private advices in addition to
the comprehensive summary of American news
published in the SECOND SUPPLEMENT of the NOR-
THERN DAILY TIMES of this morning. From New
York our dates come down to the 15th inst., being
four days later than those received on Saturday
night by the America. The Baltic brings no less
than 1,000,000 dols. on freight, and by her advices
it appears. that the New York Money Market is in
precisely the same anomalous position as our own,
and is absolutely enduring all the tortures of a
"money famine" and suspension of trade credit in
the face of an accumulated amount of bullion
never before known, Conflicting railway interests
are one of the causes assigned for the existing state
of things, while the line of operations followed by
the banks in their clearanCes is directed to keep up
the rates of interest for money, and at the same
time to curtail the dividends on banking stocks so
as effectually to check the increase of banks, and
the extension of monetary accommodation. All
these efforts, however, are as futile as they are'
impolitic. When banks can monopolize or forbid
the production of gold, then will the efficacy of
such measures tend to promote the selfish views
of existing banks; but as long as gold comes pour-
ing forth as it does at present, all such efforts will
be found unavailing, and their failure will bring
destruction on their own heads as surely as they
have helped to swell the amount of public em-
barrassment.

On the subject of sudden contractions of the
Currency, the New York Economist makes these
apposite remarks :—" The stock panic is very
similar to that in August, 1851, and began by the
same cause, viz., bank contractions. In June,
1851, the bank loans were $71,953,514; in Septem-
ber following, $64,872,666 ; decline, $7,080,848.
After the June return, the banks continued to
lend until July, when prices were high, and Eric,
as an example, stood at 84. The bank contraction
commenced, and, August 6, Erie sold at 69, and
continued through August between that and 74,
when the banks recovered from their panic, and it
began to rise to 90, December 1. Other stocks
sympathised with Erie. During this time, money
was very dear, and many failures occurred among
the merchants, and money was two per cent. per
month. The same thing has now occurred : Erie,
as a type, has fallen from 84 (September 23) to 69
(October .14). The identical figures touched
before, and other circumstances, are the same in
character and equally as causeless. and will re-
sult in a greater abundance of money than ever."
The facts here adduced, ought to serve as a

salutary illustration tt this country, of the losses
entailed on capital invested in any kind of public
stock as well as in ourtrade, by a sudden contraction
of the Currency. As we have repeatedly directed
attention to this subject, we feel no small satisfac-
tion in finding ourselves so fully borne out, even
from so distant a quarter.
The American government continues to purchase
stock. In August, the Treasury offered to redeem
3,000,000 dols. worth of the stocks of 1867-8 before
Dec. 1, at 21 per cent. premium, also 2,000,000 dols.
worth of those 1856 and 1862. Under this offer,
considerable redemption had been made, and under
date of Oct. 8, the Secretary renewed the proposal,
which is equivalent to increasing the amounts that
he will redeem by about 3,000,000.
The Exchanges were active, and closed at 1098

to 110. The exports of bullion for the week pre:
vious to our dates were-1,325,844 dols. The ar-
rivals during the week were—by the Illinois;
1,281,811 dols., and 816,000 dols. by the Star of the
West, making 2,034,861. The Mint had disgorged
a portion of the 1,000,000 brought last week by the
Crescent City, and the Sub-Treasury had disbursed
1,000,300 dole. in ten days as follows :

October 8
" 10

"
12

Recd. - Payment. On hand Oct. 8
Dols. Dols. Dols.
827,319 1,154,325 9,399,394
141,096 194,696 9,345,292
76,665 266,802 9,155,65 e
70,000 502,000 8,723,137

13

26,801

8,861,44

With this operation the banks should show an
increase of specie. They require, however, an im-
portant accession to their reserves in order to make
the clearance work smoothly. The fifty-six banks
cleared under the management of Mr. George D.
Lynan, as follow : _ _ _

Sum of Balance for
Accounts. Adjustment.
Dols. Dols.
Tuesday, Ist day, 22,000,000 1,200,000
Wednesday, 2nd day,
Thursday, 3rd day,
The demand for money in the interior had not
subsided, and the balance of the banks were said
to be " well drawn down." The large sales of pro-
duce now going on will soon turn the scale.

*New York has twenty-six ships on the berth,
loading grain and flour, the imports of which will
be very large from the whole of the northern ports
of the United States.
The rest of the commercial intelligence has
already been pubished in our SECOND SUPPLEMENT
of to-day, at such length as to render any further
notice of them unnecessary.

The Liverpool Cotton market was slightly influ•
enced by the news brought by the Baltic. Prices
however, remained about the same as those quoted
yesterday. The sales amounted to about 600 C
bales to the Trade.

The supply of Cotton that may be looked for,
from this time to the end of the year, is a very
important feature. The vessels loading at Cotton
ports, at latest dates, being exceedingly few. New
Orleans being only four ships, viz., California,
Chasca, Courier, and Grenada. Mobile and
Apalachicola none. Savannah, one —Noemie.
Charleston, two—Switzerland and Irvine.

In addition to the Cotton-laden ships announced
as on their passage, in the NORTHERN DAILY TIMES
of Tuesday, 'we now report the clearance of the
following homeward•bound vessels with Cotton
freights:—

NEW YORK,

October 12 C. Jerome, ... 752
" 13 Enterprize, ... 408

NEW ORLEANS,

" 6 Olympus, ...2460
" 6 Guiding Star 2120

Total ... 5730 bales.
The Susan, from Charlestown arrived to day witl
2560 bales.

The Liverpool Share Market was very firm all
day, and closed at a considerable advance. This
we have repeatedly predicted within the last fort-
night as an event which was sure to occur.
The London' Stock Market continues to improve.
The public are buyers once more, under the im-
pression ;that peace will be preserved, notwith-
standing the war rumours so industriously circu-
lated by means of the foreign telegraphs. Consols
advanced per cent, and closed firmly at 921 to
928 for money and time. Reduced, 914 to 911;
New 3i per Cents, 931 93i. Bank Stock, 212.
South Sea Old Annuities, 99. India Bonds 3 prem.
Exchequer Bills, 1 dis. to 3 preen.
'ln the Foreign House it was reported that the
Austrian Government have commenced the issue
of a new species of inconvertible paper, in the
shape of 5 per cent. mortgage bonds, to an amoum
equal to 4 millions sterling. What next? It was
also stated that an Envoy Extraordinary had been
despatched from Constantinople on the 17th inst.,
to France and London, to negociate a loan of four
millions sterling for the Turkish goverment. Thee
reports, however, made no impression on the mar .
ket, which continued quiet through the day
Buenos Ayres Bonds, 56; Chilian 6 per cents.,
991; Mexican, 242. 25; Peruvian 3 per cents., 491:
Portuguese 4 per cents., 40 41 ; Spanish Threes,

Railway Shares have all been actively dealt in,
the rise in prices to-day being in several instances
1 per cent. Great Westerns, 80i ; Great Noitherr,
76 ; North Westerns, 1021 ; South Westerns,
73 74; Midlands have advanced to 598; Berwick;
and York and North Midlands are each £1 higher.
French Shares were a shade better. Gold Mine
Shares were heavy, and Australian Bank Shares
also flat. South Australian Land Shares, 34, anl
Crystal Palace Shares / prem.
The Lady Elgin is reported from Melbourne,
whence she sailed on the 14th of June. The ex-
ports of silver to China (chiefly Spanish and Mexi-
can dollars) still continue large, and are said to b 3
profitable. Both of these coins are of the Kum
intrinsic value, yet the Chinese fix a premium of
Spanish dollars, sometimes ranging as high as
20 per cent. The Carolus coinage is fast decreas-
ing, and a large supply cannot be obtained.