The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-16 00:00:00

serious, which i

readers what books " J. W." has read
they were printed, or whether he has nem abroad ? ,
If he deals in facts, and his facts show that 1119 Bullionist's
theory is incorrect, why should he condescend to answer such
absurdly irrelevant questions as those propounded by your
correspondent? "J. W.," so far from attempting to affect the
truth of the statement—that " we are not such fools," &c.—
congratulates the country en the fact, that the leading
journal, in adopting such a line of argument, has abjured the
cant of the bullionists, that wealth cannot increase unlefs
gold increases too—that, in fact, an increase of
gold and an increase of wealth are synonymous terms.
The only argument in the letter of . your Yankey
correspondpnt is, that if we ship goods abroad that only
realise £90,000,00), and import goods that amount to
005,000,000, we must pay the balance of £15,000,000 in
coin.

on the Kubjee, or 's

Now, there is no such necssity. The balance might be
arranged by an export of bullion, which does not mean an
export of coin.

Again, our great critic says that it is "nonsense" to
assert that a country, entirely dependant on gold for the means
of circulating its wealth, can be impoverished by an export
of gold. Now, this clearly shows that your correspondent
makes use of words, the meaning of which be does not
understand. It is not " nonsense" at all. Without a
circulating medium no country can prosper, and it is
impossible to export our currency and keep it at home at
the same time. Therefore, an export of gold, while gold
is the basis of our currency, means a diminution of our
wealth.

In conclusion, allow me to ob9erve that I consider Mr.
YAnkey Docile very impudent for rushing iuto print as
the champion of the Bullionists of Liverpool. -Unless lam
mistaken, they will be much dissatisfied with the blustering
production of their protect3r. For my own part, lam a
very dispassionate observer of the currency question, or,
indeed, of any other question, and would not have trespassed
upon your valuable space, had not your facetious correspon-
dent called himself "A British American," which he ought
rot to have done.—l am, sir, yours very respectfuly,

•
SINBAD THE SAILOR

LIVERPOOL FINANCIAL REFORM

ASSOCIATION,

At the weekly meeting on Thursday, J. T. Danson,
Esq., of Camside Form, Ba,nston, Birkenhead, was unani-
mously elected a Member of the C
PARLIAMENTARY REFORM—FROM WITHOUT OR FROM
WITHIN ?—A second letter from the gentleman who
recently addressed the President, in recommendation of a
popular movement to obtain addit onal members for the
Metropolis, and other populous places, was read. It was
principally in answer to suggestions that incalculable good
might he effected by forty or fifty members of the House
of Commons banded together, to prevent " count-out"
and " no house" expedients, for the evasion of unpleasant
discussions—to support good measures, and to oppose had
ones. Oa this subject the writer says, "It appears mast
clear to me that the key-note must be sounded without the
walls, and taken up within them. Ido not believe there
are in the whole house fifty or forty, or even thirty men to
form the small party you describe ; if there were, they
could not sustain themselves—if tiro country continue'
silen,, for a single session. If there were one man—only
one—of the ripe and ready talent; and commanding
influence to form and lead such a party, it might, be
done—but is there such a one? I _believe no.. It is 'the
silence of the country that paralyses the members in the
house. I fancy it will be found, in the history of all parties,
that they took their rise in the country amongst the people,
out of doors, and found their leaders and supporters as
they progressed. You will observe that Ido not propose
the introduction of a Reform Bill. The time for that is not
yet come. I want to raise the question in (4etail by ruttier-

ous petitions, emanating from divers localities, each show-
ing a grievarce or deprivation sustained, and a population
(say of 100,000 people) too large to be abs‘dutely slighted.
My hope is, that there are many active minds in each of
those localities, twho, though they might be lukewarm on
the subject of a general reform bill, would soon warm with
zeal and energy in the cause of their own locality. General
topics have failed to rouse the people, as your experience
testifies. There ate several reasons for this—but it is un-
doubtedly a fact, and the fact we have to deal with now ;
therefore, I say, try the local topics. The basis in each
locality will be the same, the principles of the remedy
sought identical, and they will form the foundation stones of
a party in the house, and a party in the country, as well as
the matter for a general measure. In the existing state of
things in the country, the formation of a strong party in
the house appears to me to be impassible, because, at
present, although there are many grievances to be redressed,
and many reforms required, there is no one on which the
liberal members generally are in perfect harmony with each
other, and the country also. I think this movement may be
made to furnish the requisite bond of union."
FREE MADE CONGRESS AT BRUSSELS.-Mr. F. Boult
being unable to attend the meeting, left a brief report of his
Belgian mission for the information of the council. He
was unable, it seems, to do all that be desired in the
way of urging the views of the Financial Reform
Association respecting commerce and taxation, because, when
he informed the committee that these included the sb rlition
of all taxes on commodities and materials of manufacture,
and the substitution of direct taxation, they were much
alarmed, and begged that he would not broach such views
at any of the meetings, being apprehensive that, if he did,
he might upset the whole affair. They concurred generally
in his opinions, but considered them too t'ar advanced for
the Continent, which was, as yet, little beyond .the very
threshold of Free Trade. What they had to battle with,
in the first instance, was, they sa'd, Protection, and, in
order to succeed, it was quite essential not to attempt too
much in the onset. Acknowledging the force of this
objection, Mr. Boult abandoned his original intention, but
prepared a paper, stating fully and clearly the views of the
association he represented on the subjects of commercial
legislation and taxation. This document is to be included
in the report of the proceedings of the Congress, which will
be published in a month or two. Mr. Boult also alluded to
the fact, that the French Government is in favour of Free
Trade, but dare scarcely move in that direction from appre-
hension of the protected interests. He suggested that if
this country were to abolish, or greatly reduce, the duties on
French wines, brandies, and silks, the vine growers and silk
growers of France, forming very numerous classes of the
population, would at once become free traders, and the hands
of the government would be immediately strengthened in
its movements towards Free Trade.

GOVERNMENT CONTRACTS.—A resident in London, of
great practical knowledge and experience, has supested
to a member of the council that no effectual good can be
done, in the way of preventing jobbery and fraud, until
parliament enacts that, with goods of every kind furnished
to the government, printed invoices shall be sent, which
invoices, together with samples, shall be open to the inspec-
tion of all persons wishing to see them, at the places from
which the goods are sent.
THE ROYAL FAMILY.—Tbere was a short discussion on a
recent announcement in the Court Journal, to the effect that
next season will probably witness a change in the domestic
economy of the Royal family, owing to the marriage of the
Princess Royal (not yet sixteen years of age), and the Prince
of Wales (a b y under fifteen) taking possession of Marl-
borough House as his future residence. It is stated that
her Royal Highness is without an apanage suited to her
position, and that such a state of things has only been " per-
mitted in order that one a plication to parliament may
nce of
suffice for an outfit for the marriage, and a permanent
al provisions,i i t befitting
esfitatttiendgthhaetr,h, high
independent
ofA all
As
toothtebrePri
considera-
tions, it was felt that when Prince Alfred (then a boy under
twelve years of age) was removed to the Royal Lodge in
Windsor Park, it was hardly possible to keep his elder
brother much longer within the dominions of the royal nur-
sery. Not that it is intended to surround the Prince of Wales
with anything like a court; he will still be considered as a
student, and his household will be a domestic one, at any
rate for some two or three years to come." As to the mar-
riage, it appears shockingly premature; but whenever it
takes place, the Royal parents should provide the dowry.
As to the Prince of Wales, it is to be hoped that parliament,
before making any provision for him, will insist on knowing
what has become of the revenues of the Duchy of Cornwall,
which belonged to him. Taking them at £40,000 per
annum, there ought to be something like £600,000 now in
hand for him. What has been done with it?