The Northern Daily Times.
Liverpool, Merseyside, England, 1856-11-20 00:00:00

of the moat promising features of our time. -

Tata DAY, the 20th instant, at Twelve o'clock, at the
Commercial Saleroom.
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fir THE NORTHERN TIMES will be Pe(
manently Enlarged to Double Its present' size, on
or about the Ist of December.

Ce rtiortlitru Tittteo

THURSDAY, NOVEMBER 20, 1856.

THE DAY'S NEWS.

Both at home and abroad there are symptoms
of political uneasiness. Frequent cabinet councils
are held, and the deliberations at each are lengthy,
an evidence that all does not run smooth with the
Premier and his colleagues, and if any reliance is
to be placed in the numerous metropolitan rumours
which reach us, the chief cause of their concern is
not the present state of our alliance with France,
nor the troubled and uneasy aspect of Continental
affairs. The cause is nearer home. Lord
John Russell is said to perplex the ministerial
camp.. The noble lord the member for London
has become quite restless. He cannot any longer
consent to occupy a back seat on the ministerial
benches. He is no friend to the present foreign
policy of the Government, and he feels indignant
at the delays which take place in the bringing
forward, and Passing into law, measures for
the reformed representation of the people,
and the establishMent of his pet project—
National Education. How to satisfy and
dispose of such an unpleasant rival is now, it
is said, a matter which occupies the
ggested seriousthat atten-
tion of the Government. It is s
Lord John should be sent to the House of peers,
and there become the leader of her. Majesty's
present Government, Vice Lord Lansdowne. What
will be done in these matters, a short time must
tell. The approaching Session of , Parliament
promises to be an important one ; matters of grave
and serious consequence to the nation at large,
both as regards our domestic end foreign policy,
will have to be discussed and deliberated upon,
Onid to the people of Liverpool none is of greater

f

Matters do not seem to be very happy in France,
the symptoms of discontent which have been pre-
valent for some time have at last arrested the
attention of the authorities, and those whom the
question touches more nearly, and who are most
menaced by the situation, contemplate some im-
portant reforms in their respective departments.
The Minister of the Interior is said to be occupied
at this moment in a careful review of the prefects
and sub-prefects whose capacity is avowedly
unequal to the duties entrusted to them.
Our Constantinople adviees of the 7th, do not
contain any additional intelligence respecting the
change in the Cabinet, Lord Lyons had taken the
necessary precaution for wintering in the Bosphorus.
The intercourse of the Russian Embassy with the
Porte was said to be very active.

A telegraphic despatch dated Bolin, Nov. 18,
says :—Authentic communications announce as
certain the abdication of the King of Denmark,
in favour of Prince Ferdinand. The new Gazette
de Rune states that Russia wishes to renounce the
Isle of Serpents and keep Bolgrade.
The local incidents of the day, together with
our police and county court proceedings, will be
found at full length in other columns of this
morning's publication.

TPIE great problems, currency, usury, commercial
embarrassments, drains of gold, and panics, are
all solved. The London Times, of Saturday,
explains all. 0 Money can now be employed
" notch more profitably in the purchase of bills and
" DEPRECIATED INVESTMENTS ABROAD than in the

samo itay at home ; so, of course, it will be
applied to that purpose." Here we have the
whole secret. It is better to buy foreign securi-
ties, depreciated in value by the unsettled state of
the Continent, than to employ it in discounting
bona file commercial paper, or solid Government
- - I securities, at home ! Surely we have arrived at
the threshold of a new age of discovery, Our
merchants must not, according to our " leading"
cotemporary, go into any business, in these days
of competition, which promises a profit of only 7
per cent., if they require to borrow money at 5 per
cent. This would be " reckless buoyancy and
" over trading." But " if, in a certain state of
" affairs," such as we witness on the Continent
just now, " it is possible, by the judicious use of a
" million, to make 10 per cent. of it in the course
" six months, in France or anywhere else, then we
" may be sure there are people who will see the
" opportunity, and who will accordingly pay 6 or
" 7 per cent in this country, to pocket the
" difference abroad." Now, will some of our
wiser heads be good enough to translate this
piece of anti-national and anti-commercial jargon
into intelligible mercantile English ? What does
its author mean? At the first blush, we feel very
much inclined to declare, that we never met
so much political rascality and moral terpitude
wrapped up in so few words. Can all Europe have
become one huge gambling-house—a monster nest
of Bears ? Have we rulers abroad filling the
public mind with terror in order to " depreciate
" investments," whilst we are applying the bank
screw to produce " a fall generally in the
" prices of all commodities ?" These two systems
appear to be in full operation at this moment,
and they cannot complain of a lack of supporters.
We are told that we must submit to the social
miseries produced by our bullion system and its
'Threw, because one gives us the command of gold,
and the other brings it back when it leaves us. But
when depreciation sets in abroad then we are
informed that men will invest in foreign securities,
no matter what we may think, say, or do. The
London Times itself is opposed to the bank screw.
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