The Northern Daily Times.
Liverpool, Merseyside, England, 1856-03-03 00:00:00

NORTHERN TIMES.-LIVERPOOL, MONDAY, MARCH Si 1058

MONETARY AND COMMERCIAL•

benches of England, after what Lord METCALFE has
said of them, and after Lord MONTEAGLE'
8
denunciation of the system of violence and cruelty
revealed by recent Parliamentary reports, of
which the noble Lord said " the glory of England
" was more tarnished by their publication, than
"by any occurrence that had taken place since our
" possession of India." Mercy defend our good
old Constitutional country from the advancement
of men to power, who have established their
claims to preferment in any such school. But the
proposed statute interferes more with the
prescriptive rights of a class than with the
general and pecuniary interests of the com-

LIVERPOOL, SATURDAY EVENING

The James Baines was announced this morning
as having arrived off the coast of Ireland, and she
is understood to have somewhere about 100,000
ounces of gold on board:
The sales of Cotton to-day amount to 8,000 bales,
and include 1,500 taken for speculation and export.
The tone of the market and prices were without

mumty.
We may be sure that our lords-lieutenant, who,
without one solitary exception ,are large landowners;
will not encourage the creation of personality
Justices. We have nothing, therefore, to fear
from the elevation to the bench of those
Indian officials, who, we are told, sanction
the use of "Rittee," and other revolting tortures
applied to unfortunate defaulters, who are called
on to pay taxes in a species of money which the
great bulk of the people cannot, by any possibility,
obtain, and which millions have never handled or
seen. On this subject we shall have much to say
in a future article. Meanwhile, the question of
taxation involved in the present question, is one
which must force itself on the consideration of the
country at large. County ratepayers must ere long
see the necessity of enforcing a perfectly Consti-
tutional system of representation

, in all cases
where their substance is to be assessed, rates
struck, and their payment rendered obligatory.
For the purposes of criminal and civil law juris-
diction, there can be no objection to the Crown's
exercising the right of selecting those whom it may
think proper.
But in taxation—matters affecting the collection
and expenditure of the public's money—we must,
eventually, have a thoroughly popular system of
representation. Our legislators seem to have
discovered that there is some reform required in
our C bench, and they may probably

in silt

Minty

that extending tho qualification of
magistrates from lauded to personal property, will
give that enlarged representation which the public
seek. In this they will find themselves greatly
mistaken ;'and we know of no time at which such
errors are likely to be forcibly shown than in a
period of war, when State burdens must necessarily
be so increased as to render local taxation a
matter of universal 'interest if not oppression•
Finally, the progress of the present proposal should
be diligently watched as it has been conceived,
in a conciliatory spirit, and contains concessions,
which, though far from being sufficient, are not
wholly to be despised.

LIST OF THE SALOON PASSENGERS ON BOARD THE JAMES
NAIVES,—Mrs. Stuckey, Mrs. Boyd (and child born on
board), Mrs. Dean, Miss Rough, Mrs. Emma Waller, the
celebrated actress, and child, Messrs. D. W. Waller, Tut-
hill, Wilton, Lyons, Hughes, Raleigh, Inman, Adour,
Harvey, Hill, Lightfoot, Goodwin, Lakeman, Boyd, and
Menzies ; sixty-one in the second class, and one hundred
and fifty-six in the intermediate.
The James Baines met with a heavy gale from the S.W.,
in lat. 31 N., and which lasted for five days. We regret to
learn that during the gale, from a sudden heave in the ship,
Mrs. Emma Waller fell and dislocated her shoulder. This
lady is visiting England professionally, and is spoken of in
most eulogistic terms by all the press of the Antipodes,
who consider her a highly gifted actress. She is to appear
in the metropolis in a few weeks.
- • •

•
ROBBERY AT THE RACES.—At the County Magistrates
Court, on Saturday, a pale, delicate-lobliing young man, or
rather boy, named James Johnson, was brought up on a
charge of having stolen from William Wolfe a gold watch,
on Tuesday the 27th of February, at the Aintres races.
The complainant went to see the steeple chase, and while
an the ground he felt a pull at his chain, and found that his
and be caught the prisoner, who was the
Jly person near, close up to him. In consequence of the
prosecutor being of the Jewish petsual, and therefore
declining to sign his name on ,`,.; aturday, his Sabbath,
the completion of the depositions was adjourned until

atch was go

Monday.
ARRIVAL OF THE LIGHTNING AT MELBOIJRNE.—The Royal
Mail Ship Lightning anchored in Hobson's Bay yesterday,
at one p.m., being her eightieth day out. A portion of her
false bow on the port side was carried away on the 16th
October, when off the Brazils, and the loose planks which
remained so impeded her progress that it was necessary to
carry some of her cargo aft to set her by the stern, so as to
be able to clear the remaining portions ; but, nevertheless,
it was only ineffectually done, f.nd what ',as intended as an
improvement has only been a source of detention. Captain
Enright has gained the good opinion of all his passengers,
and on his arrival at this port has been presented with very
flattering addresses, to be followed by testimonials as soon
as they can b 3 obtained.—Melbourne Herald, Nov. 26.
THE JAMES BAINES.—This splendid clipper weighed
anchor at an early hour yesterday morning, and about six
o'clock was taken in tow by the steam tugs and proceeded
towards the Heads. At 8.30 the Lightning was sighted
entering the harbour, and with that prompt consideration
for the interests both of the mercantile and of the general
community, which has uniformly distinguished the Mel-
bourne representatives of the firm of Mackay, Baines, and
Co., they resolved upon detaining the outward bound ship.
A great deal of intemperate and uncalled-for abuse has
been bestowed upon these gentlemen, in consequence of
their resolute refusal to postpone the sailing of the vessel
on Saturday last ; but those who were loudest in their com-
plaints of the want of consideration alleged to have been
displayed towards merchants and others by Mackay, Baines,
and Co, appsar to have totally lost sight of the consider-
ation due to that firm, from the mercantile community. If
some half a_dozen merchants, bent upon the enjoyment of a
three days' holiday, chose to get up a requisition to the
Governor, with a view to postpone the date of sailing of a
mail vessel, the least the memorialists could have done, in
bare and common courtesy, would have been to consult the
owners of the vessel on the subject.—ffelbourne Age,
Nov. 26.

THE STSAMSRIP PERSIA.—The number of visitors who
went on board the Canard steamship Persia, at her dock in
Jersey City, on Monday, is variously estimated to be from
5,000 to 8,000, who paid one shilling each for the benefit
of the poor fund in the hands of the City Missionary. The
vessel was thronged from ten o'clock a.m. until five p.m.,
and the visitors expressed great delght at the magnitude
and beauty of the ship. Several slight robberies, perpe-
trated by pickpockets, occurred on board. She will be open
for inspection to-day.. Iler coal and the most of tier cargo
is in, ready for her departure on Wednesday. A party of
some fifty gentlemen, including many of the financial and
political magnates of New York and Jersey City, with
several representatives of the Press, were sumptuously
entertained on Saturday afternoon, on beard the magnificent
new steamer Persia, by Mr. E. Cunard and Capt. Judkins.
After inspecting the monstrous and powerful vessel, at four
o'clock the company sat down to an abundant and elegant
dinner. Th, ugh the occasion was a strictly private and
nonformal one, it was impossible, under such circumstances,
altogether to dispense with the usual glow of genial feeling
in the form of speeches and sentiments. We left before
this part of the ceremonies was concluded, but not until
we had heard some brief and neatly turned remarks from
Mr. Cunard, Mr. Delannay, and Mayor Wood.—. New York
Tribune.

LIST OF PASSENGERS PER R. M. S. PERSIA.—MCSSrS.
Hitchcock, Kohler and lady, Jerrold, Miss Weston,
Mr. Pierson and lady, Messrs Schmidt, B. Lawrence, De
Angelis, Winer Koch, Evans and lady, John B. Branch,
Warwick, F. Parraga, Hoffschlarger, lady, and child, A. N.
Walker, Edwards, Woodward, R. De Weston, N. Arroys,
Suckemever. Cantador, John Hamilton, R. W. Haigh,
Cleasby,'N. G. Longee, Robert Rodgers, S. Sondheim, N.
Loving, Smith, Capt. Webb, Messrs Grey, J. H. Laton,
Fuller, Johns, Lowry, Rubel, Berard, Zibbals, D. Hart,
D. Pilkington and lady, Miss Gouler, Mr. Barlow and
lady, Viscount Bury, lady, and servant, Messrs. Langemans,
F. Rogers and lady, A. Saltier, F. Wolf, A. Cazado wad
servant, R. B. Kemball, M. Fleutet, Harrison and lady,
Miss Concklin, Messrs J. W. Perrot, Trafford, Alexander
Wray, J. C, Bancroft Davis, Ellis, lady, and servant,
Hartson, Person, Medenhofer, Ordours and Brother,
Davila and Brother, F. Carbutt, Cueva, Dartnell,
Dr. Mark, Messrs. L. Audibeot, Alexander,
L. B. Jerome, Angell, Hunt, John Haigh, J. Alexander,
Hunt, Zomolo, Eug..Zhioliere, George Gi:'son, H. Garrett,
Simm, Andrean, Berby, Ullmasin, Celadonia del Val, J.
W. Wright, Joze Kifre, Joze de Rich, Grennell, Alburtis,
Bainbridge, John Avery and lady, Isaac Hinckley, J. A.
Thompson, J. B. Babcock, James Gould and lady, Rev. Dr.
Arnett, Mr. and Miss Sheddon, Messrs. Yeoman, Fortune
and lady, M‘Nab, M'Carthy, F. Beniss, Vincent, John
Davey, Andrew Peacock, Carlis, Wolf, Franciolin, De Costa,
George Jones, Mrs. A. Hart, Messrs. Van Lockven, Theo.
Thomas, Thompson andlady, Fred. Bower, F. Glik, E. de
Brakelier, Lancer, E. Scilmidt H. Warren, E. W. Condin,
James Murphy, Wilson.

change.
The Share Market has been heavy to-day except
for Dovers, which maintain their price with great
firmness. The uncertainty touching the Confer-
ences, and the vague rumours arising out of them,
hive the effect of checking all speculation for the
rise. Aberdeen,l4 13-1-. Chester and Birkenhead,l4B
10. Caledonian, 281. Chester and flolyhead,
121 13. Eastern Counties, 91 9,/f. East
Lancashire, 171 In Great Northern, 23 231 Ditto
A. Shares, 01 10. Great Western, 591-
Lancashire and Yorkshire Sto.:l{, S2l. Liverpool,
Crosby, and Southport, Ir, 154. London and
North Western Stock, 9511 90. Manchester,
Sheffield and Lincoln, 24,;-, 241. Ditto Preference,
11 11k. Ditto New 6 per cent. Pref., R p.
Midland Stock, 69k 69H. North British, 74- 71.
North Staffordshire, 6 611. South Eastern,
20 3-16 201. York, Newcastle, and Berwick,
19 19!-. York and North Midland, 25126. Leeds
Capital Stock, 158 16. Dutch Rhenish, 1 9-16 p
Ditto New Shares, 2.,1 21 p. Great Western
of Canada, 25 13-16 25 15-16. Do New Shares,
3138 p. Great Luxembourg, 91 9 d.
The imports of specie during the week were by
the Bavensbourne, from Antwerp, 5 cases bullion ;
the Tagus, from the Mediterranean, 5,8 W; the
Baron Osy, from Antwerp, 1 case of bullion. The
exports have been by the Niger, for Africa, 3,0001.
"-cm : the Madrid, for Lisbon, 1,0001. ; and

Cadiz, 22,000/.
Letters from St. Petersburg mention that the
telegraphic communication between that city and
the capitals of Western Europe is now more
complete, and open to the commercial public. It
is thus that the latest intelligence of the state of
the English markets is known on the Bourse on the
following day, The quotations there are said to be
firm in the public Stocks, at the improvement caused
by the probable establishment of peace. Tallow
and other raw produce, however, which at first
rose considerably, has been affected by the low
quotations in the London market, and have receded
accordingly. In this respect, the Russian traders
are reckoning erroneously if they expect that these
will be as great a demand for their exports in the
British markets as formerly, for the war has
increased the imports of tallow, seeds, &c. from our
colonial possessions to that extent, that if con -
tinned after the opening of the Russian trade will
materially diminish its amount. _ _ .

In the 11Iincing lane markets this week there has
been rather more activity ; some kinds of sugar
have realized 61 per cwt advance, but coffee has
continued dull. Rice has been quiet, and for rum
there has been a limited inquiry. Spices have
ruled dull.
The following are the Gazette average prices of
Muscovado sugar, for the week ending Feb. 26,
185(3, exclusive of customs duties payable thereon,
on the importation thereof into Great Britain
From the West Indies, 225. 81d. per cwt. ; Mau-
ritius, 245. lid. do. ; East Indies, 28s. lid. do ;
average price of the three foregoing descriptions,
235. 04d.
The quotation for gold at Paris is about six per
mille premium, and the exchange on London at
short 25 37*, making gold about 022 per cent.
dearer in London than in Paris.
The price of gold in Hamburg is 4264 per mark,
and the exchange on London at short 13.7 i, making
gold 0.75 per dearer in London than in Hamburg.
Mr. William Avens, in his weekly circular, gives
the following report of the London Money and
Stock Market : _ _ _

The demand for money, which was extremely heavy in
the past week, relaxed for a few days in the present ; but it
is now as great as ever. The temporary mitigation of the
pressure was produced in a great measure by the release of
the surplus paid in on account of deposits upon the new
loan, which was attended with an improved feeling of con-
fidence, owing to the declaration of an armistice, and the
general expectation of a speedy peace. On the Stock Ex-
change there was a plentiful supply until yesterday, and
advances were obtained for short periods at from 4 to 5 per
cent, but the rates are now higher. I, the Discount Market,
though the demand was in excess of the supply for a time,
as to the ordinary run of commercial bills there is no
improvement ; heavy rates continue to be required, and
some difficulty is anticipated in getting over the early part
of next week. At the same time the general trade of the
country is evidently increasing, and manufacturing pro-
duction considerably extending. Consols have undergone
considerable fluctuation. O❑ Saturday, the Chancellor of
the Exchequer's statemerr-, as to the amount of the deficit
at the end of the year, being considered satisfactory, they
improved from 912 to 91i, to 914' to 914. On Monday the
Conferences opened in Paris, and the first result being the
declaration of a land armistice till the end of March. a
gradual advance took place to 92-I to 922, the highest price
of the week. From this point there was a decline until last
night when the final quotation was 914 to 912 for the
account. The fall was attributable partly to sales for the
realization of profits, and partly to a considerable decline
in the French Three per Cents, caused by an excessive
demand for money in preparation for the settlement ; but
more particularly to the circumstance of there having been
no sittings of the Conferences in Paris on Wednesday, it
being considered that as one had been announced, there
must have been some hitch in the discussions likely to affect
the issue of the negotiations. Yesterday there was
a sitting of the Conference, and the market was
extremely agitated by various adverse and even
alarming rumours. Consols, which opened at 911 to 1,
dropped almost at once to 904, to',, and for a moment they
were even at 90t to a. Confidence however shortly after-
wards began to revive, and at the close, the prices were
911.- to for money, and 911 to 17- for the account. Consol
Scrip has been largely dealt in. It left off last night at 1 A
pm ; the March Exchequer Bills at 4s to Is dis.; and the
June at 2s dis. to is premium. The interest on the bills
falling due on the 17th instant will not be advanced, a
circumstance that indicates the confidence of the government
in their financial arrangements. The Railway market
has been well maintained, particularly in the great lines ; but
yesterday it was flat, in sympathy with consols. The tone
generally is good ; and, on the whole, prices well supported.
Foreign Securities have given way a little during the last
day or two ; but the transactions in them have been limited.
Joint-stock Banks, though lower than last week, have,
been steady, and considerable dealings have taken place
The leading quotations to-day are given below. The
prospectus of another Metropolitan Bank for the West-end
has been issued. It is to have a capital of £300,000 in
£lOO shares. One or two undertakings of a similar
character are projected; but not much encouragement is
given to them.
The London Stock Market this morning opened
quiet with little more than a nominal business ;
but prices, notwithstanding doubts and rumours
unfavourable to a pacific issue of the negotiations,
remained stationary. The disposition, however, at
the close was scarcely as good as at the opening-
Consols opened at 914 to 911, and after some little
wavering they improved, first at 911 to 911„ and
some time afterwards to 911 to 91-I ; but this price
was not maintained, and at the final close the quo-
tations were 911 to 9l for money, and 9li-, to 917
for the account. Dealings in Railway Shares
continuo limited, but holders are scarcely
disposed to effect sales at our quotations.
The apparent tendency of the operations in this
market is towards a further improvement. Foreign
Securities left off rather lower than yesterday, but
there is an advance in most descriptions upon the
prices of this day week. The French three per
cents closed last night at 72f. 80c. This morning
they opened at 72f. 90c., and the noon quotation
was 721. 75e., and finally closed 72f. 60c. being a
fall of t per cent. Private letters represent the
feeling upon the Bourse to be one of great confi -
dence in the restoration of peace, and numerous
engagements have been entered into in that belief.
Money has been in good demand all day.

The Journal de Constantinople insists on a definite
arrangement of the Asiatic frontier, and especially on the
non-occupation of the forts on the Caucasian coast, for the
prevention of future collision.
CORONER'S INCIITE.ITS.—On Saturday the coroner held the
following inquests : On the body of a child named Sohn
Darby, aged five years, who resided with his mother in
Maguire Street. The inquest became necessary in conse
quence of the report made by the mother of the child's
death. It appeared that the child was illegitimate, the
father being a person engaged in some way in the coal
business. About nine weeks ago he took the child away
from the mother, but in a fo: ',night after he returned it,
and allowed her the' usual stipend for support. The health
of the child declined from that time until it died, and the
mother, suspecting all was not right, gave the information
which was followed by the inquest. It appeared, however,
from the certificate of a med;cal gentleman, that the child
died of bronchitis, and the jury returned a verdict accord-
ingly.—On the body of an infant that was suffocated in bed.
Verdict, " Accidental death."