The Northern Daily Times.
Liverpool, Merseyside, England, 1856-02-21 00:00:00

no stronger argument

tuents of Corporate
light to pass into the hands of mun►,,_
than that in almost every case they sympathise
the existing monopolists, and do not hesitate to
declare that gas cannot be supplied at a c'
rate than it is at present.

a towns' allowing the

cheaper

What then is to be gained by the transfer from
companies to corporations? The idea has been
• ' din Liverpool, and lot the people of
eware how they allow the lighting of the
D the hands of their councilmen.

abandor

Chest

town to pass
If the comp,:

ation cannot

-iupply

them at 4

e others who would

underta

a dividend

6 or 7.1)

or the Old Corn

amicably

Jhester

and ma

I;t4qdsome

says,

tion leads t

and that

m of mon

price of

to call such argument,
Who ever heard of the 1)

because there were mo
Where,

bas coal 1

a made d

Leaato
ng into T

have repeatedly shewn that
gwti
profit of 6 per cent, on capital, at 3s. even less. Old works, crazy mains, and dr,,
engineers, may not be able to do it. But, what
have the public to say to these things ? " Buy in
'-sq cheapest, and sell in the dearest market," are
',l words in these days, and let those who
'repetition in gas manufacture stand
ompelled to do in any other
None but wretched toadies,
ipt jobbers-

vould be (

gntil© pursu

those

would enter on
nonopolies which deny to

cottag

occupiers that cheap light which contri-
so much to the health, cleanliness and

butes

comfort of their more

ilthy neighbours

The inhabitants of Chester should have their
meters tested by an independent and impartial
engineer, before they listen to any propositions

coming from gas manufacturer
_ _

possible that owing to the constructi
measure, the gas for which the, _
and 4s. 6d , may in reality cost th(

per 10

! The Importance of this phis
s too obvious to need any length,

subject

commen

readers

seen the results of- the meter testing- in
;his Borough, reported in the NORTHERN

)00 was sufficiently remunerative ! It
behoves the people of Chester, therefore, to look for
information in some higher and better informed
quarter before they accept the propositions which
have been made to them. In Liverpool we shall
be happy to make them acquainted with all they
require for their future guidance.

sterday we published a report of the ordinary

rly meeting of the Liverpool Gas Company
readers will have observed that all its direc-
,

tors take credit for, is, having performed their duties
satisfactorily, in compliance with their Act of Parlia-

urely the public know

-hat such acts

rges brought

against

called " extortioner

although it was notorious that Liverpool gas was
better than any in England. Mr. LAWRENCE • has

not been to Manchester lately to see the gas in
that city tested, and to satisfy himself that its
illuminating power is equal to 23 or 24
candles, or fully 100 per cent. better than our
light. So much for his empty assertion. And
now for the meters : "It was said," continued
the chairman, " that by some contrivance
we get the meters to register to the detriment of
the public, and for our owFi advantage, and we are
told that, by some process or other, which I really
141 never understand, and which the council
3r explained to us, we put some sort of pros-
rithich compelled the public
vhether they wished to

to use gas almos

burn it or not

f Mr. LAWRENCE is
cess by which the
o register, he certainly is not the
sent at a gas board the interests of

norant of the very simple p

meter

s mad

aan to rey

either shareholders or consumers

lation,

1, however, tell him, for his better infor

that from seven-tenths to one inch

ent for the distri-

umstances;

I meter, the public

But when the pressure is

Ashburton. . .
Houghton
J. S. Parsons
Sultan
President
Lancaster
J. C. Boynton
Potomac
R. A. Lewis
Eliza Bentley
Coronet
Wm. Stetson
Martin Luther
Isabella
Clara Brookman .
South Carolina ...
Sebastian Cabot ..
General Dunlap ..
Mar. of Queensbury.
Granite
S. Curling
R. C. Winthrop
Weymouth
New England
Western Chief
Chicora .

1608 J. F. Chapman
1838 American Union
4376 Victoria
1585 Star of Empire -
3451 Wasp,...
4277 Balaklava
2237 Lady Franklin ..
2980 Sam. Dunning .
151
2669
3626
3954 SAVANNAS.
1801 1. Bradshaw
2363 Ellen Maria .......
2670 Favourite
1448 Colonist..
3711
1601
1883
3121 CHARLESTON.
4648 Sea Belle
2061 Owego
1500 City of Montreal
1621

TOTALS.

64,8691NTew Orleans

1425
1984
1500
1120

2742
3010
1681

64869

Mobile
rinw YORK.. Savannah 6029
L. Frost
Emerald 431 New York .... 2301
Princeton

105,786

Against last pear, 359,939

The Liverpool Share Market has been dull and
inactive, and closes without animation at the
following prices :—Aberdeen, 121121. Chester and
Birkenhead, 131 14. Caledonian, 271 27k. Chester
and Holyhead, 121 13. Eastern Counties, 9 15.16
10.1-16. East Lancashire, 18 18k Great Northern,
23 23.1. Ditto A Shares, 94 91. Great Western, 571
571. Lancashire and Yorkshire Stock, 81,1 82.
Liverpool, Crosby, and Southport, 15 151. London
and North Western Stock, 101 k 101.-I. Man-
chester, Sheffield and Lincoln, 244 241. Ditto
Preference, 11 118. Ditto New 6 per cent.
Pref., 1-8 lp. Midland Stock, 694 698. North
British, 71 71. North Staffordshire, 61 61 d.
South Eastern and Dover, 191 19 7-16. ' York,
Newcastle, and Berwick, 19 19k. York and
North Midland, 251 25k. Leeds Capital Stock,
148151. Dutch Rhenish, 11-16 13-16 p. Ditto New
Shares, 2 3-16 2 5-16 p. Great Western of Canada,
26 26k. Ditto New Shares, 31 3a p. Great
Luxembourg, 04 88 d.

The Committee of Mexican bondholders have
advices (via United States), from Mr. Whitehead,
dated Mexico, the 19th ult. The political state of
the country continues very unsettled. The presi-
dent had issued a decree, dated the Ist, and repub-
lished on the 17th ult., abolishing the old Junta de
Credit() Publico, and establishing a new financial
board of seven members, four of whom, including
the chairman, were to be nominated by the
government, the fifth by the national creditors, the
0
sixth by the manufacturers, and the seventh by
the agriculturalists. This board was in future

to have the entire management of everything
relating to the collection as well as to
the accounts of the Customs' revenue, and of the
assignments made in favour of foreign and
domestic bondholders and diplomatic and con-
vention creditors. The 11th paragraph of the first
article of this decree enumerates, among the func-
tions of the board, that of collecting the portion of
the duties assigned to the foreign debt, and of
remitting it to London, to such mercantile house
as the board may appoint. It is to be hoped that
General Comonfort's government may last
long enough to carry out this plan. The
members of the board had not been appointed
at the date of Mr. Whitehead's letter, but he
had himself been invited by the Minister to repre-
sent the foreign creditors at it. The 21,805 dollars
received by the Magdalena, as stated by Colonel
Facio to-day, consists of three amounts, the ship-
ment of which by the agents of the bondholders
in Mazatlan from that port and Guaynias, by
II M. ship:Brisk, to Panama, has been mentioned
in former statements of the committee. Mr.
Whitehead writes that the agents in Mazatlan
had since then secured a further amount of 7.705
dollars, which would be remitted by the first
opportunity.

The following Treasury notice has just been
communicated to the Stock Exchange :

Downing-street, Feb. 19, 185 e.
Gentlemen,—lt has been represented to Viscount
Palmerston and myself, in reference to the proposals for
a loan of 5,000,0001. anti a funding of 3,000,0001, of Ex-
chequer Bills, that it would be more convenient if the
deposits are xed at ten per cent., instead of twenty per
cent., as stated in the terms already published.
I have therefore to request that you will cause an inti-
mation to be given at the Stock Exchange, at the opening
of business to-morrow, that the deposits to be paid on
Tuesday, the 26th instant, will be ten per cent., and that
the additional ten per cent., making up the first twenty
per cent., will be payable as an instalment on Monday,
the 3rd March. The other instalments will remain as
originally stated.—l have the honour to be, gentlemen,
your obedient, humble servant, G. C. LEwis.
The Governor and Deputy Governor
of the Bank of England.

The following notice from Messrs. Rothschild,
inviting Subscriptions to the New Loan and the
Funding, was communicated yesterday to the Stock
Exchange :

LOAN FOR FIVE MILLIONS STERLING AND FUNDING
THREE MILLIONS OF EXCHEQUER BILLS.
Messrs. N. M. Rothschild & Sons beg to announce to
the public, that they are ready to receive applications for
the proposed loan and funding from parties desirous of
participating therein, and will receive the same until
Thursday, at two o'clock.

It is necessary that every application be accompanied
with a deposit in money of 20 per cent.. on the amount
thereof; and if the amount applied for be not allotted, the
proportion of the deposit will be forthwith returned.
All applications will be considered as joint applications
for the loan and funding.
N.B. In order to insure correctness in the scrip receipts,
it is requested that applicants for the loan will sign their
name or names in full.
New-court, St. Swithin's-lane, Feb. 18.

In consequence of the government announce-
ment of to-day, Messrs. Rothschild will receive 10
per cent with applications instead of the 20 per
cent previously arranged.
From a parliamentary return printed to-day, it
appears that the following additions have been
made to the annual interest of our public debt
within the last ten years :—ln 1847, 270,8371,
interest of 8,000,0001.; for Irish famine, in 1848,
09,339/. ; in 1853, three sums amounting in the
aggregate to about 50,0001.; and in 1855, 601,670/,
interest of the loan of 16,000,0007.
A return issued to-day, informs us that on
Dec. 31. 1853. there had been paid out of the
Consolidtlted Fund 1,000 0001., in two payments of
500,0001. oach, on account of the Sardinian loan,
sanctioned last session, and that there remained
to be discharged 997,5007.

The Fund 73 remain remarkably firm, notwith-
standing a continuance of large sales both for
money and account. A temporary decline of per
cent took place in the morning, but in the after-
noon steadiness prevailed, and the final quotations
can scarcely be reported lower than those of
yesterday. At the close prices were quoted at 901.
The proposal of an immediate creation of 8,000,0001.
of new Consol Stock necessarily tends to check
the market ; but on the other hand, great support
is derived from the steady investments of the
public. The reduction of the deposit on the new
loan from 20 to 10 per cent will materially facili-
tate the subscription. It is expected that the
aggregate applications will prove greatly in excess
of the amount of tne loan. At Paris to-day the
French Funds experienced a decline of
about Y per cent. The Railway Share Mar-
ket to-day was very firm, but inactive.
Tne closing quotations were as follows :
Caledonian, 55 56. Eastern Counties, 10
104. East Lancashire, 71 73. Great Northern,
92 92i. Ditto A., 76 77. Lancashire and
Yorkshire, 81/. London and North Western,
114:T)00:01. Manchester Sheffield, and Lincolnshire,
24 24k. Midland Stock, 6912,- 70. North British,
24 30. South Eastern and Dover, 64,1 65. York,
Newcastle, and Berwick, 75 76. York and
Midland, 51i 52.

The only new fact touching the great question
of war or peace which I have learned to-day, in
my private circles of information, is this :—The
plenipotentiaries now here proposed to have a dis-
cussion about the famous fifth point of the con-
ditions, which is to be imposed on Russia, but
Lord Clarendon cut the matter short by stating,
that as every power engaged in the war is to have
the right of making such propositions as it may
think necessary in the interest of Europe, nothing
ought to be, or could be done, until after the
arrival of the Turkish plenipotentiaries. To
this, no objection could, of course, be made ; but
the other plenipotentiaries were annoyed, as they
considered it an indication that England really
does not intend to allow herself to be bamboozled,
and that, besides, she has got Turkey completely
under her thumb.

Count Orloff has not yet arrived, though he was
expected on Saturday. A Berlin despatch says
that he only left Berlin last evening for this
city.

The 211oniteur announces the presentation to the
Emperor yesterday, of Count Buol Schaunstein,
the Austrian plenipotentiary, Count Cavour, the
Sardinian, and Baron Brunow, the Russian. The
order in which the official journal gives the names,
is that in which I have transcribed them ; and this
has been remarked as a matter not without im-
portance—especially as it had been arranged, that
in all matters of diplomatic etiquette, the respective
powers should figure in alphabetical order. I am told
the reception of the three envoys by the Emperor
presented nothing of peculiar interest; he greeted
Austria and Sardinia as became Allies, (France
considers Austria an ally), and the Russian with
the most perfect courtesy.
It was supposed that the Austrian envoys wou.d
make a great effort to obtain the admission of
Prussia to the Conferences, but, if I am correctly
informed, they appear disposed to do nothing of
the kind.

In the course of an article in the Constitutionnel,
M. Granier de Cassagnac, who is supposed to write
on the " inspiration," as the French say, of the
Emperor himself, intimates that, in the event of
peace being come to, the Conferences, or as he calls
it, Congress, will be invited to declare formally that
all those parts of the treaties of Vienna of 1815,
which declare that the Bonaparte family shall
be excluded from the throne of France, are
abolished from the code of European law. This
confirms what I told you a long time ago.
Free trade principles are making great progress
amongst the people, as well as in the policy of the
government of the country. The Rouen papers
publish a speech of the President of the Chamber
of Commerce of that city, in which he proclaims
that the existing Customs Code has become anti-
quated, and is not suited to the present
time, and in which he demands that
without sacrificing national interests, all that
impedes international navigation and commerce shall be
abolished. Rouen, which is a sort of French Man-
chester, has heretofore been the stronghold of
the protective system, and this demonstration of
its Chamber of Commerce is, therefore, most
remarkable.

LATEST INTELLIGENCE.

SECOND EDITION.

THE CRIMEA

THE SUNKEN SHIPS,

Advices from Sebastopol, received at Marseilles
on the 19th instant, mention that the Allies are
making preparations to complete the destruction
of the Russian ships of war which lie sunk in the
harbour of Sebastopol, and it was even asserted
that the French artillery had already received
orders respecting the operations.