The Northern Daily Times.
Liverpool, Merseyside, England, 1857-03-27 00:00:00

WILL BB PUBLISHED

THIS AFTERNOON,

AND CONTAIN A
FULL REPORT

OF TUB

NOMINATION PROCEEDINGS,
AND THE
SPEECHES OF ALL THE CANDIDATES,

OFFI9E : 19, SOUTH JOHN STREET.

Ctt kortlient imeo

FRIDAY, MARCH 27, 1857

THE DAY'S NEWS.

The nomination for the Borough of Liverpool
takes place to-day. In another column will be
found the latest election news. Several Ward
meetings took place yesterday evening, which we
report in full in our impression of to-day.
It will be seen by a reference to another column,
that Sir De Lacy Evans, and Sir J. V. Shelley, were
returned as members for Westminster, and the
Hon. Mr. Kinnaird for Perth. So far, these are all
the returns we have, as yet, received.
The Assize news will be found at full length in
another column. The only cases calling for men-
tion here, are those of Wm. H. Tindall, who was
convicted of stealing a letter (being at that time a
letter carrier, in the employ of the General Post
Office), containing various monies and coins of the
realm, and he was convicted and sentenced to six
years' penal servitude ; also that ofa case of breach of
promise of marriage, in which a barmaid obtained
damages amounting to £lOO.
The usual weekly meetings of the Dock and
Health Committees were held yesterday. At the
former, it was agreed to allow the dock voters to
record their votes on the day of election, subject
to convenience ; that the Cohourg and
Union Docks should be run dry on the
UOth proximo, previous to uniting the two
docks, add that tho graving dock dues charged for
the extra tonnage of the screw steamer Great
Britain should be remitted. In the Health Com-
mittee a lengthy discussion took place on the
Necropolis affair. Mr. Woodruff, who attended
with a deputation, maintained that the parties
implicated in this most disgraceful affair could be

punished by indictment, and he thought that that
course should be taken against them; the public
would not be satisfied with mere penalties in the
affair, and they asked the Health Committee to
make examples of some persons, in the hope that
it would deter others from following the same
career. Ultimately a committee was appointed to
enquire into
.the matter. Yesterday the Select
Vestry held a special meeting to elect, or appoint,
two auditors to the recently constituted Burial
Board. Messrs. John Smith (Commerce court) and
Robert Hutchinson were duly elected.
The usual monthly returns of the trade of the
British empire were issued yesterday afternoon.
It would appear that the year 1857 has taken a
start in point of commercial activity which seems
likely to give it an unprecedented superiority over
the preceding year in this respect. The trade and
navigation returns show that the declared value of
articles of British produce exported in the month
of February last was 9,313,000/, as compared with
7,725,000/ in the same month of 1856, and with
5,032,0001 in that of 1855. For the first two months
of the present year the value of British exports
was 18,371,000, as compared with 15,700,000/ in the
corresponding period of last year, and 11,497,0001
in 1855, The other items in the returns are of
a correspondingly encouraging and satisfactory
character.

The London and Eastern Bank Company's affairs
are at present in a very queer position. It would
appear from the proceedings of a meeting of share-
holders, held on Wednesday, that with a paid up
capital of £250,000, the sum of £237,000 has been
lent upon mortgage on estates belonging to Colonel
Waugh, one of the directors. Mr. John Canine
Morris, the chairman of the company, admitted he
was indebted £12,000 to the establishment, against
which they hold securities on house, Sze. Mr
Fendall, a director, was understood to have
borrowed £5,350 on the security of his
own shares; Col. Curtis, a director, £5,500 on
steam shares worth £3,000 ; and Mr. Stephens,
the manager, £27,000 on various securities. During
the proceedings, Mr. Guedalla, a shareholder,
enquired upon what pretext or temptation £237,000
could have been sunk in mortgages when the legi-
_ _

mate business for which the' concern was estab-

lished offered safe, regular, and heavy profits. The
reply that 10 per cent was paid on the mortgages
caused a feeling of indignation, since the ♦ery
fact of such a rate being offered should have
been a warning of their questionable character.
Captain Corfield, another shareholder, pointed out
the deceptive character of the clause in the
Charter providing for a meeting upon a fourth of
the capital being lost, and maintained that those
by whom it had been disregarded deserved heavy
punishment. The direct liabilities of the bank
were stated by Mr. Coleman, the accountant, to be
£397,734; and it was intimated that, after allowing
for large losses, the assets may yield £413,450,
which will leave about £lO,OOO to meet the share
holders' paid-up capital of £250,000. Four
Indian banks—the Oriental, the North Western,
the Mercantile of Bombay, and the Agra
—were stated to be willing to advance

the amount necessary to meet immediate
liabilities in India—about £lo4,ooo—and also to
give time upon such bills of the London and
Eastern Bank as are at present in their possession,
on condition that certain assets shall be handed
over to them, and that the shareholders shall give
their notes of hand for the 50 per cent. of capital
still remaining uncalled. This arrangement seemed
to be regarded as a fair and desirable one, and a
committee, consisting of Sir W. Gomm, Colonel
Yates, and Mr. Beville, was ultimately formed to
promote it.

The news from the Continent this morning is not I
of much importance. The French government
journals admit that the suspension of diplomatic
relations between Austria and Sardinia is com-
plete, but they are instructed to hope that it will
only be of short duration, and will not lead to any
"rupture," which may compromise the peace of
Europe. The exposition of the motives of the
budget of 1.858, of which we have already given
the main features, has been published. The
document bears the signature of Boinvilliers,
president of the finance section of the State ,
Council, and Messrs. Gadelle and Vuitry
members of that body. It alludes to the resolu-
tion of the Emperor, as embodied in the speech
from the throne, to reduce the expenditure
"without suspending great public works, and ,
without compromising acquired positions." The
reduction of taxation takes place under two heads,
the suppression of the second war decime on the
registration duties, which will be a relief of
twenty-three millions of francs, and the suppres-
sion of the stamp duty on printed notices and
prospectuses, which, in the most prolific years,
only yielded about one million francs.
Nothing, perhaps, testifies more to the remark-
able change undergone within the last two years
in the relations between Russia and Austria, than
the vast fortifications now being constructed by
the latter Power on its very vulnerable frontier of
Galicia. During the late war, Austria, out of
precaution, constructed a series of small forts
and earthworks in Galicia, behind which she
posted her army of observation ; opposed
to her was the Russian army of Poland
entrenched in a series of strong fortresses which
line the frontiers of that kingdom, and have
their centre at Warsaw. In the event of any in-
vasion of the Austrian provinces ever being
attempted by Russia, it is evident that in the
present defenceless state of the frontiers, a single
defeat sustained by the Austrians might be at once
followed by the capture of Vienna. To obviate
this danger the Austrian military autho-
rities have destroyed the petty forts and
earthworks mentioned above, and have
commenced the construction of a fortified line,
with Olmutz and Cracow for bases, which will
effectually stop the progress of an invading
force, or, if necsssary, form the oover for a cam.
paign in Poland. A very considerable sum of
money has been destined by the budget of the
present year for the active execution Qf the pro
jetted fortifications, which are the first results
of the species of moral alliance recently concluded
between Russia and Sardinia. It may not be out
of place here to* mention that the diplomatic rup-
ture which has taken place between the Courts of
Turin and Vienna, is attributed by the majority of
the Austrian press to the pernicious advice given
by Russia to Sardinia, with the object of turning
the letter into the instrument of her vengeance
against Austria. This is naturally on exaggeration,
but it proves the excessive animosity that reigns
between the two old champions of the Holy
Alliance.

We have Vienna advices to the 24th. A journal
of that city publishes an article against the Italian
Correspondence of Turin for reproducing a Muratist
proclamation. The Vienna journal, recalling to
memory Count Walewski's speech in the Paris
Conference against the excesses of the Belgian
Press, expresses a hope that the licentiousness of
the Piedmontese Press will be condemned in
France as much as in the " rest of Europe."
From Spain we have advices stating that the
Mexican affair appears to be entering on a new
phase. It seems certain, that even in the case of
an arrangement being made, the Spanish squadron
will land a force, which will occupy a point on
the Mexican territory until the execution of
whatever may be agreed to be done. This force
will protect Spanish subjects, whom, it is
alleged the Mexican Government is not in
a condition to protect, on account of the state
of anarchy in which the country now is.
An agreement has been effected between M. Mires,
the Paris contractor of the new Spanish loan, and
Senor Salamanca, the former Spanish minister of
finance and banker, by which M. Mires cedes two-
' fifths of the Spanish loa'i to SenorSalamanca. This
may be considered as tantamount to the failure of
M. Mires to dispose of the whole of the loan in
France and elsewhere, out of Spain.
From Berlin we have advices which state that
the conduct of the German powers in the Danish
question will, according to good authority be this
A collective note, having the character of an
ultimatum, is to be sent in the course of the
next few days to Copenhagen, At the same time
a communication is to be made to the Diet on the
present state of the negotiations, so as to give