The Northern Daily Times.
Liverpool, Merseyside, England, 1856-02-04 00:00:00

vas, and what was not, in the Royal speech, even

one of th

pokesmen should have shunned the
currency, and the monetary condition of the realm,

as if by mutual consent

Can Parliament be

labouring under th
>Bed a

npression that, with a money

market elk ..gainst our Indian,China, Australian,
South American, and other bills having more than

ninety•five days to run, busk

ess can be continued

without bringing ruin on every merchant engaged
n trade with those distant countries? If they do

i is opposed to the experience and

nan practically

vitti comm

persuaded

at a profit

cation that trade car

be carried on without

cordial c

accommodation in the shape of discounts, assumed
the mastery over the legislative brain ? It cannot

oe possib

" MERCATOR'S" lettertil have

arped the

Alective wisdom of this great

Empire

Our represents-

tives must see that no ma

ter how sublime in theor
and P

JONES I

EL'S enactments

nay be,

their practical operation in the

ing a

train of bullion is total

ineffe

2cl that

usury is the sole end attained

If Parliament

can show us that t

—this for-

bidden extortion—is

much less justifi-

able, the industrial and mercantile classes will

submit to that most ancient and torturous of Whig
inflictions without a murmur, and will take all that
" MERCATOR" and other scribblers choose to put
into type, for Gospel.

But when we see that ibullion leaves us in spite of
all contractions of the circulation, and that a Money
Market ruled at from six to ten per cent. discount
invariably leads to panic, wide-spread distress, and
increased outrage, we feel leas commiseration for
the money-changers of the temple, and see the wis-
dom of the Divine interdiction of usury in the purest
light. Our rulers are too apt to assume that News-
papers merely take up certain questions for the
purpose of pandering to the fancies of a particular
class of readers who are few in number, and.

therefore, unimportant—that they do not com
prehend what they put forth, and that a small
effusion of metaphysical twaddle will so mystify
their limited understanding that they would be
glad to hide their diminished heads under the
wing of the vulture, who lcves to feed on the eyes
and brains of our species. This, however, is
simply playing with that mighty engine, which
represents, if it does not direct, the popular opinion
of civilisation, and since the Legislature, together

with the great majority of our cotemporaries of
the Press, are ransacking our parliamentary debates
and all that has been written on money from the
days of LYOURGIIS down to the present time, and
trying to swamp us by all that has been deified
by Pagans 'and politicians, we are constrained to
abandon the ordinary course of reasoning, and ask
them what they propose as a remedy for the prac-
tical defects in their system, more especially
the curse of usury. We always knew
where we could fall back upon an immutable
injunction, and could bring to the support of our
cause the moral conviction of the community.
" MEECATOR" may see in his coffers 7,000,000 Z. as
the heir-loom of his offspring, and know no other
code of ethics than that of Mammon. We have

no objection to men's assuming the dimensions
of a camel, and flattering themselves they have
passed through the eye of the needle. But we
see, in the actual result of all that Jorms LOYD
preaches, nothing but a nation borne down by
usury and all its concomitant abominations.
And we tell those who treat the crying evils of
any age with contempt, that it only requires one
honest voice and one determined hand, to make
men think and pronounce in favour of right.
To embark in war, which, at most, can only be
a political necessity, and to continue heaping
Vocation on the citizen far beyond the available
means allowed to him in a season of peace, is
laking from him his substance by a species of

are no visitors staying at the castle, for Colonel
Simmons, who had been the guest of the Queen since
Thursday, has left, and no company has arrive d this day
on a visit. The Address from the House of Commons, in
answer to the Speech from the Throne, will, it is expected,
be presented to her Majesty by members of the Lower
House, known as " white wands," viz., the Treasurer and
acquainted I the Comptroller of the Queen's Household.

THE QUEEN'S SPEECH.—The following is her Majesty's
answer to the address of the House of Lords in reply to
the Speech from the Throne:—" I thank you for your

al and dutiful address. I rely with confidence on your

peration in all measures which I may consider

iecessary to maintain the honour and dignity of the

empire, and to promote the permanent interests and

welfare of my people

MONETARY AND COMMERCIAL,

LIVERPOOL, SATURDAY EVENING,

The transactions in the Cotton Market to-day
have not been quite so extensive. The total sales
amounted to 8,000 bales, of which 2,000 were
taken for speculation and export. The supply
continues moderate, and prices steady.
The Liverpool Share Market opened with an
animated appearance at an advance upon yester-
day's closing prices, but the buying being entirely
speculative, and consols weaker, we leave off flat
at the lowest point of the day :—Aberdeen, 12i l2i.
Chester and Birkenhead, 13 14. Caledonian, 28-1,-
287,. Chester and Holyhead, 13 13/. Eastern
Counties, 07,- 10. East Lancashire, 18 18.1.
Great Northern, 23 23. Ditto A Shares,

9- 94. Great Western, 581 59. Lancashire and
Yorkshire Stock, 811 814. Liverpool, Crosby, and
Southport, 15i- 151. London and North Western
Stock, 1001 101. Manchester, Sheffield and
Lincoln, 251 251. Ditto Preference, 11h 111.
Ditto New 0 per cent Pref., t gip. Midland
Stoek, 70 701. North British, 7: 7. North
Staffordshire, 8 711 South Eastern and Dover,
184 181. York, Newcastle, and Berwick, 181 181.
York and North Midland, 244 25. Leeds Capital
Stock, 14;3 143, Dutch Rhenish, 1 ip. Ditto New
Shares. 2 3-16 21p. Great Western 'of Canada,
251 254. Ditto New Shares, 34, 31p. Great
Luxembourg, 84 811.
It is stated that the half-yearly accounts of the
London and North Western Railway Co., to the 31st
December last have been made up, and that the
balance of nett profits will enable the directors to
declare a dividend at the rate of 51 per cent. per
annum, and add some 40,0001. to the reserve
carried over from last June account. We also learn
that while the receipts have increased, the working
expenses have been reduced.

The imports of the precious metals this week
have been principally confined to the remittance
per West India steamer, viz., 699,895 dollars.
The Haskemy, from Sydney, brought 70 ounces of
gold. The exports have not been large, but the
Peninsular and Oriental Steam Company's vessel,
which will leave Southampton on Monday, takes
out 492,4021. 12s. 9d., chiefly to India and China.
The Circular of Mr. William Avens gives the
following review of the London Stock and Money
Markets during the past week.

Although there has been some fluctuation in the price of
most descriptions of securities, the market has been almost
perfectly steady since my last, and its firmness is rather
increased. Business has not been quite so active as it was
last week ; still transactions have been numerous and
heavy, while the public have appeared both as buyers and
sellers. At the same time there has been an obvious
sensitiveness, though much less than previously, to political
rumours, particularly to such as have had reference to
theapproaching conferences for peace, and to our relations
with the United States. On these points, however, no
apprehension is now felt. The state of the money market
daring the week has also had considerable influence on the
market. Money has been exceedingly tight, and the rates
of interest for short periods extremely high. Out of doors,
at the bank and in Lombard-street, the demand has partly
arisen from preparations to meet commercial bills falling
dr e on Monday, which are understood to be heavy, and
partly from a considerable extension of mercantile operations
which set in immediately upon the news of approaching
peace a fortnight ago in various branches of manu-
facturing trades. In most of these trades stocks have
been kept at the lowest possible point for many
months past ; now there is an increasing pro-
duction, and consequently a greater demand upon coun-
try bankers foe temporary accommodation, the influence of
which is perceptible upon their London agents. At the
same time the payments of the dividends has practically
ceased, and the public having made their reinvestments and
advances, the comparative abundance of cash from this
snuce is exhausted, and the market to that extent straitened.
Very few cases are reported in which the best bills have been
discounted under the bank minimum, but many where
higher rates have been required. More ease, however,
prevailed yesterday. On the Stock Exchange the rate
obtained for short loans since Monday has averaged 7 per
cent, and money is still in demand. This has been owing
to the vast extent of railway transactions for the account
which ended yesterday, and to the heavy differences which
had to be paid at the settlement. Next week is the Consol
settlement, the account for which is also very heavy.
Considering these circumstances, together with the fnrther
probable extension of trade, the necessity of the Allied
governments, whether peace is made or not, to contract
additional loans, and the inadequate imports of the precious
metals compared with the demand for them, no expec-
tation can be held out of much easier state of things
for some time to come. Consols closed last Saturday at 91 k
to I, last night at 91 to a; toe fluctuations of the well(
have averaged about The Government have been
occasional sellers. 'lbis circumstance, together with the
rather unsettled state of political feeling described above,
has been effectual in preventing a rise, which the general
firmness of the market would certainly have justified in the
absence of thoze reactionary causes. For the March Account
the price is 914 to Rail way Shares have maintained the

advance referred to in our last, and they have been very firm
throughout. In some Stoe:., Great Western and South-
Western for example, tilere beg been a further improvement
of £4 per cent is the former, and £4 10s in the latter.
Eastern Counties are also better. The rates of Gontango
at the settlement were extremely heavy. The
Account was on the whole, readily arrang-
ed. 'though large sums changed hands; but
unfortunately three members were unable to meet their en-
g,gaments. In Foreign Stocks the principal dealings have
been in Turkish 6 per cents. The fluctuations during the
week have been considerable, but in the end the stock has
improved to the extent of £3 since last Saturday. The
Four per cent. Guaranteed, the first dividend upon which
was paid yesterday, have also improved. Russian ere bet-
ter; and in fact nearly all descriptions have risen and
the market is firm. Joint Stock Banks are higher, and
two new establishments are in course of formation in
consequence of the high profits which these Institutions
have been realizing. One is the Bank of Egypt, the shares
in which are at a premium of £4, and the Western Bank of
London.

In the Mincing-lane Markets, this week, there
has been less animation. Sugar has receded is.
to 2s. per cwt., and the purchases have been very
limited. There has been a steady inquiry for
Coffee, at former values. Rice has been sold at
rather lower prices. Saltpetre has tended down-
ward, and spices have ruled dull. Tallow advan-
ced early in the week, but has since declined 6d.
to 9d per cwt. Tea has been quiet.
Messrs. Grant, Hodgson & Co. give the following
report of the London Tobacco Market during the
past month :

Sales last month have not exceeded 600 hhds., 200 of
which were taken for exportation, and 400 for home trade.
Purchases having been very freely made in the previous
month, and manufacturers having supplied themselves to
some extent, a quiet state of market was generally antici-
pated. The present extremely small stock of 9,331 bhds.
(inclusive of Maryland) is less than has been known at any
period in remembrance, and precludes the possibility of any
transactions of magnitude ; and bad it not been for the large
introduction and consumption of all descriptions of Conti-
nental growths of Tobacco, very high prices for American
would have been established, quite irrespective of any san-
guine calculations of last year's productions.
Prices have remained firm and steady, and we have
resumed our previous quotations. Latest advices from New
Orleans state a firm market, and the estimate of the last
crop, from reliable sources, is at least from 10,000 to
15,000 hhds. less than that previously reported, being now
computed at 65,000 to 70,000 hhds.

Trade at Antwerp is a little brisker than usual.
Some large sales have taken place in American rye
at 121 florins per 70 kilogrammes. In coffee there
has been a large speculative purchase in Brazil
qualities. The demand for oleaginous grains is
limited, and prices are declining. In cotton the
prises are firm, and the market active. The best
qualities range from 54c. to 70c. the kilogramme,
and a large sale of Louisiana inferior sorts realised
from 34ic. to 35c. In Carolina rice a good business
was doing at 48i florins per bag. Sugars were
steady at the reduced prices of the week, a sale of
80,000 kilogrammes ranged from 401 to 59 florins
per 50 kilogrammes.
Accounts from Hamburg announce that naviga-
tion is now open for the season at that port. The
prospects of the spring trade are looked upon with
favour should the pending negociatious for peace
be concluded, although the grain exports will not
be so profitable. The reduction in wheat conti-
nues at this markst, and sales are not easily effected
at a decline of 35., 49., and ss. per quarter.
The following answer has been received by the
committee of Spanish bondholders to a letter
addressed to the Earl of Clarendon on behalf of
their constituents :
Ferr:gn-office, January 31, 1856.

Sir,—l am directed by the Earl of Clarendtin to acknow-
ledge the receipt of the letter signed Baron Lionel Roths-
child and Mr. Louis Samson. on behalf of the committee of
Spanish bondholders, upon the subject of the state of their
claims upon the Spanish government, and requesting that
instructions may be given to Lord Howden, her Majesty's
Minister at Madrid, to make such representations to that
government as may induce them, without further delay, to
recognise the just claims of the bondholders ; and I am to
state to yon, in reply, that instructions will be sent accord-

ingly to her Majesty's Minister at Madrid, and that the,
committee may rest assured that no effort on the part of
Lord Howden will be wanting to procure justice for the
bondholders.—l am, sir, your most obedient, humble

servant,
J. S. Collett, Esq

WoDE-ROUSIL

Consols opened this morning at 91. to 91k, the
the closing price of last night, but the demand for
money out of doors having again become active,
sales were pressed and the market shewed a ten•
dency to droop. Concurrently with this state of
things a report was abroad that the American
Minister had demanded his passports, and was
about to leave the country. It was also stated
that the Russians, as well as ourselves, are
making vast preparations, particularly in the Baltic
ports, for a vigorous continuation of the war. These
rumours weakened the tone very much, and prices
gradually fell to 901 to t. A recovery, however,
then took place, and the market progres-
sively improved until the final close,
when Console left off at 90/ to The feeling at
that time was increasing in firmness. The busi-
ness of the day was but limited. The rates for
carrying over until the next account are heavy,
being Ito 9 per cent. The price for the 11th of
March was 911 to 1. In Paris the French Three
per Cents opened at 73f 45c, and the noon quota-
tion was 73f 60c., being an advance of 18 per cent•
upon yesterday's prices, but the closing quota-
tions were 71c 90c for money, and 73f for
account. This great difference shows a
continuation of speculative purchases. Rail-
way stocks opened very strong, but subse-
quently they experienced a slight decline, closing,
however, firm. The transactions were numerous,
particularly in the early part of the day.
The following were the quotations at the
close of the day:—Caledonian, 561 56a. Eas-
tern Counties 91 10. East Lancashire, 72 74.
Great Northern, 91. 92. Ditto A, 77 78.
Great Western, 587,- 59k. Lancashire and York-
shire, 811 82. London and North Western,
100,1101. Manchester, Sheffield, and Lincolnshire,
25 259. Midland Stock, 70 701. North British, 30
1. South Eastern and Dover, 62 621. York, New-
castle, and Berwick, 74/ 761. York and North
Midland, 491 49/.

LATEST INTELLIGENCE.

SECOND EDITION.

- .......,...._..._..

DEATH OF PRINCE PASKIEWITCH

A despatch from Hamburg brings the news that
intelligence had reached that city from Warsaw
announcing the death of Prince Paskiewitch on

Friday morning last.

FRANCE.
•

(FROM otia OWN CORRESPONDENT.)

PARIS, FRIDAY EVENING.

I have been informed on fair authority that the
French Emperor yesterday remarked to some
influential persons, that come what might in the
approaching Conferences, he had no intention
whatsoever of breaking up the alliance betwen
England and France. " But," it was respectfully
observed, " as England seems disposed for war,
whilst France is notoriously in favour of peace,
what does your Majesty propose to do ?" "If I
must choose between the English alliance and
peace," was the imperial reply, " I shall,
to maintain the alliance, choose for war."
Without, however, guaranteeing to you the precise
text of the language employed, it is quite certain
that the Emperor has expressed himself to that
effect. This is clear from the marked change
which has taken place in the tone of the semi-
official newspapers :—instead of speaking with
anger and continually of England for desiring war,
they now admit that France was too hasty in her
demonstrations in favour of peace, and they say
all manner of civil things of us. Wllat is
more surprising is that the Constitutionnel this
morning publishes an article which evidently
emanates from an official source, and which
declares positively that England and France are,
and will remain, united in the negociations as
they were in the war ; that all the attempts
that are being made to separate them will be vain,
and that their alliance is a civilising one, and will
survive the circumstances which gave rise to it
The Patrie of this evening, another official organ,
' publishes an article in the same spirit.
From the tone of the Queen's speech, and from
what the telegraph tells of the debate in Parliament
last night, it was to have been expected that the
Bourse would have checked the ascensional move.
ment, which for some time it has, with an occa-
sional exception, so blindly followed. But it has
not yet got to the end of its vein of confidence
in peace, and it again closed to-day with an
advance.

It is quite true that, as I informed you a few
days ago, the Emperor of the French was anxious
that Prussia should be admitted to the Peace
Conferences—not, however, that he thought her
conduct merited the honour, but because, as I
told you, he was anxious to obtain the consent of
all the great powers to another matter—the
revision of the treaties of 1815, in so far as they
declare that the Bonaparte family shall for ever be
excluded from the French throne. But it is not the
less true, as stated by the Morning Post, of London,
that at this moment the determination of the
Allies is, that Prussia shall not be admitted.
England, I understand, was very decided on the
matter, and the French Emperor has considered
it expedient to submit to her. A despatch of Lord
Clarendon had, I am told, great effect in modifying
his majesty's views. In this despatch our Foreign
Secretary urged that it would be very impolitic
indeed to admit Prussia to the Conferences,
as from her known sympathy for Russia she
would probably take her part on all questions,
with"great heat, and in the event of the Confer-
ences failing, would be obliged in honour to assist
her with arms also, so that in this case the Allies
would have an enemy more; whereas by keeping
Prussia excluded, the chances are that she will
never, whatever may happen, have heart to go to
war for Russia.

The Journal des Debats publishes a mischievous
article this morning from the pen of the well
known M. Saint Marc Girardin. The tenor of it is
that if the war be continued a separation between
France and England is to bo feared, inasmuch as they
have now arrived at a point at which their interests
diverge, France having no reason to fight in Asiatic
Turkey, as that would be to " defend Calcutta,"
nor in the Baltic, beyond certain limits, as to do so
does not suit her views, nor to revolutionise Poland,
as she could gain nothing thereby, and would prefer
if a revolutionary policy were adopted to attack the
Rhine. But if peace be established. M. Saint
Marc Girardin sees no reason why the alliance
between England and France should not beeornA
closer than it has yet been, and he tries to eonsole
England for her military disasters by promising
that in peace France will take her as a model.
The article is very cunningly written, but
perhaps its Russian spirit is not quite enough
disguised.

A Berlin diepatch says that Prussia has not yet
consented to the propositions which Austria
intends to submit to the Germanic Diet relative to
the war, and to call on it to adopt. In consequence
the Minister of Saxony has gone to Berlin to
endeavour to carry out an understanding between
the two Powers. Saxony and Bavaria, it is added,
intend to recommend the Diet to adopt those
propositions. _ _

A St. Petersburg despatch say that in the
expectation of peace, trade had become very active,
and that enormous quantities of tallow and hemp
had been purchased for exportation.

GENERAL RENtovEs.—The Board of Inland Revenue, by
general order of the 21st ult., have extended the general
removes of excise officers from four to six years.—Civil
Service Gatette.

A GROUP OF TROPHIES.—A very appropriate addition,
and one which excites considerable curiosity, has been made
to the group of trophies now exposed in the Dial-square
at Woolwich arsenal, and which are awaiting her Majesty's
inspection - namely, a wooden sentry box, bearing the arms
of Russia, the double headed eagle, over the entrance. Like
other articles of that description pertaining to the Russian
government, it is conspicuously decorated with the imperial
Russian colours, black and white, in alternate. and broadly
painted lines. It was taken from Hango, with a number
Of guns, by Captain Hall, of her Majesty's ship Blenheim.
It will give some idea of the hopeless absence of knowledge
on the part of the foreign journals in all that concerns the
cha' aster and position of the British press, if we state the
fact that Le Nord of Thursday, referring to an alleged
change in the tone of the English newspapers, while treating
of the war, alleges that " Lords Palmerston and Clarendon
have presided over a meeting of the proprietors of the
principal English journals, and explained to them the true
situation and the necessity of modifying their language upon
peace, in order tot to compromise the alliance with France.
The English correspondents at Paris (continues Le Nord)
have received a similar order, and obey it with remarkable
zeal and docility."
SATURDAY HALF HOLIDAYS.—On Friday afternoon a
numerous deputation waited upon Lord Campbell. at the
Court of Queen's Bench, Westminster Hall, to obtain a
rule from his lordship, and his 'learned brethren, by which
to make two o'clock p.m., on Saturdays the closing of the
day for serving legal notices, summonses, &c., so as to
release solicitors, and that numerous body the managing,
copying, and other clerks dependant upon the profession at
that hour. His lordship said he highly approved of the
principle of the movement, expressed his hope that the
present proposal would be found a practicable one, adding,
that be would take the opinion of his learned brethren upon
the subject, and that the same should have his consideration.
The deputation then withdrew.
Monniin AT ExirrEa.—On Thursday, a young woman,
named Mary Weeks, was committed by the magistrates of
Exeter, charged with wilfully murdering her son, aged
about four years. A few weeks ago the body of the
deceased, a fine boy, was found in the river Exe, near Star-
cross. As there were evidences of his having been
murdered, the Secretary of State offered a reward of £5O
for information. This gave rise to a good deal of talk about
the :alleged murder, and ultimately the prisoner was
arrested. The principal witness was a man named Thomas
Warren, who became accpainted with the prisoner about
three months ago, and agreed to marry her. One evening,
on his return from work, Warren (who is a widower with
four children) found prisoner at his house. She said she
had lost her situation at the Bude Haven Inn, through his
visiting her. Prisoner after that used to go to Warren's
house to look after his children, returning to her lodgings
at night. One night, when Warren returned home, he found
the accused there with the deceased. After some conversa-
tion, in the course of which Warren said, " Mary, I shall
never marry you," it was arranged that the child should stop
at Warren's house for a week or two. On the evening of
the 3rl of January the prisoner, who had been repeatedly
pressed by Warren to take the child away, as be could not
afford to keep it, came to the house and took the deceased,
saying she was going to send him home to her mother by
the carrier. On that evening, a woman named Ware, and
her husband saw a woman resembling the accused near the
river Exe, and she appeared to be concealing something
with her dress. On seeing them she went round a tree and
got off. After the reward was offered, the prisoner, in
reply to some suspicions expressed by Warren, declared that
the child was alive and at her mother's, and she would fetch
it. It was shown, however, that the deceased had never
been
inquiry,taken
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prisoner
e mother
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