The Northern Daily Times.
Liverpool, Merseyside, England, 1856-07-23 00:00:00

THE NORTHERN TIAIES.---LIVERPOOLI WEDNESDAY.

we find the most perfect self condemnation of the
new Cabinet and their chief. It is therein stated,
that " neither the presence, the authority, the co-
" operation of the Parliament, nor the use of the

h, to the last moment

ed with the late

Ministry, nor the state of

siege maintained or established on the great

.
temtorial zones, nor the

action of military justice

" applied by the imperious law of necessity, have
" been able hitherto to re-establish political and
social discipline, preserve public peace, and con
" solidate material order for any length of time:'
This was the precise state of things when he joined
ESPARTERO'S Government ; and vilt, after a suffi-

ciently long retention of place, the address goes on
The Government, MADAM, encourages

to state

the firm hope that, thanks to the means which it pro-
poses to your Majesty, and to others which it has

not now pointed out, owing to the haste in which

' it submits this statement to the high considera

" tion of your MAJESTY, it will be able promptly to
" attain the object to which its exertions tend, and in

" which are summed up the most sacred, the most
" imperious, and the most vital of the duties of a
" constituted power." There is certainly no want
of assurance about this document.

O'DONNELL has long had the same means to
attain his object that he has now, and how comes
it that he has not done what he thought necessary
to " re-establish political and social discipline,
" preserve public peace, and consolidate material

" order." The fact is, the leader of re-action was
restrained in his tyranny by ESPARTERO, the old
Constitutional hero of Spain, until he had so far
worked on the fears and passions of the Court that
the Parliament was dissolved, and dispersed by
the army, and the whole of the Peninsula plaeed
in a state of siege. And what is. the result ? The
whole of Spain is in arms, as we predicted in the
NORTHERN TIMES of Friday. The streets of Madrid,
Saragossa, and Barcelona have been deluged with
blood. O'DONNELL'S sanguinary coup cretat, was
not directed against any political or dangerous
faction, but against all Spain—her people,
Parliament, and her nationalities. And a military
despotism of the worst order now usurps the
place of the Crown and Constitution. The
Spaniard will not submit to this. The
only fear is that his exasperation will be
taken advantage of by the savage NARVAEZ to
regain power. Should this merciless tyrant unite
with O'DoNNELL, Spain's measure of affliction
will indeed be filled. But there is reason to hope
that NARVAEZ' will be rejected by his abused
country, and that O'DoratEr.r. will be over-
thrown by the adherents of the Cortes and• the
Constitution..

What part the British Cabinet intend to take
will probably be disclosed before long. Shou;d
they countenance the Court and the O'Donnell
Government in the arbitrary course they have
adopted, they will incur a serious responsibility,
This reactionary cause should be most vehemently
denounced, no matter wherever its let]

rs first

raises its standard. It will fail in Spain, but it may
not be before a vast amount of blood has been
ntiuent convulsed. The

.nd the whole C

true policy of ever

Government must be to keep
the surface of European society smooth. If third
or fourth-rate Powers are suffered to break
up the peace of surrounding States, we shall
soon discover the effect, and the restless and
troublesome demagogues of the Peninsula ought
to be given to understand that France and
England will never acknowledge such base and
bloody intrigues as those which have disgraced
The
military tyranny will be a

in tbe

t quarter of a centur

f the diabo

11 tragedies

so often

witnessed within the recollection of the prE

MONETARY AND " COMMERCIAL

LIVERPOOL, TUESDAY EVENING

There has been no change in the tone of the
Cotton Market,-but a moderate buSiness has been
done at Friday's quotations. The sales amount
to 7,000 bales, and include 2,000 taken for specula•
'don and export.
In Shares there has been a fair amount of busi-
ness done; and the market has been steady through
out, prices closing as follows :—Aberdeen, 14 144•
Chester and Birkenhead, 16t- 17. Caledonian, 304
308. Chester and Holyhead, 17 171. Eastern
Counties, 109 10 5.16. East Lancashire, 21t 21/.
Great Northern, 231 24. Ditto A, 9e 91. Great
Western, 61162. Lancashire and Yorkshire Stock.
978 98. Liverpool. Crosby, and Southport, 18t
19. London and North Western Stock, 108 108
Manchester, Sheffield, and Lincoln, 348 347-, Ditto
New 6 per cent. Pref., 13-16 15-16 p. Ditto Pref., 12
11-16 12 13-16. Midland Stock, 83t- 84. North
British, 94 90 North Staffordshire, q 41-,d. South
Eastern and Dover, 221 221. York, Newcastle, and
Berwick, 21 15-16 22. York and North Midland, 314
317. Leeds Capital Stock, 18184. Buffalo and Lake
Huron, t lip. Dutch Rhenish, 28 3p. Great
Western of Canada, 268 264. Ditto New Shares,
34 3 5-16 p. Great Luxembourg, 94 91-d.
We have handed to us for publication the follow-
ing copy of a letter, which will be forwarded to a
Melbourne house by the Eagle, which leaves this
port on Thursday :
Dear Sir,—We find our corporation are negotiating with
the Lancashire and Yorkshire Railway Company to build
large stores on the site of our Borough Gaol, to hold
100,000 or 200,000 bales of wool, and the merchants here
seem determined to combine with the Yorkshire houses,
for the object of getting the wool here direct. The Man-
chester and Yorkshire Bankers, with our Liverpool
Bankers, will aid to bring the wool here. The Bristol.
Houses and Bankers will be invited, and if they do not
co-operate, they will suffer, as Sir Richard Vaughan and
others did from 1825 to 1829. At that period report says
one, two, or three millions were lost by the West of Eng-
land Houses. The manufacturers there were nearly all
ruined. The Bankers here combine with the Manchester
and Yorkshire Bankers, and do their business for one-
eighth per cent., dividing the commission which keeps the
Cotton Import here. If your merchants thwart trade to
Liverpool they will suffer awfully. The wool trade is
good. Prices will be firm for twelve months. Mr. A.
Gartside, one of our oldest wool brokers, sold Melbourne
wool last week at three shillings per pound, the highest
price yet obtained in England. * * «

There was no important change in the Liverpool
Corn Market to-day. A fair business was done in
most articles at full prices.

The tone of the Manchester Goods Market to-
day was firm, but the amount of business was not
large The business on yarns was better
than that in goods, and rather better prices were
paid.
Accounts from Havre report a quiet market for
Cotton during the past week, without any variation
in prices. The sales of the week consisted of
5,856 bales ; the arrivals.l2,69B ; the stock on hand
at the close of the week, 124,637 bales, against
132,105 bales at the corresponding period last year.
The quantity imported from the United States
amounted to 11,660 bales, against 2,622 bales dur-
ing the same week in 1855 ; and the number of
vessels from America was nine•

The Courier du Havre of the 20th inst., reports
the shipwreck of the Ducoudie, a French ship
from the coast of Africa, laden with palm oil
and other kinds of merchandise, on the coast near
Bleville.

The position of the French wool markets at the
close of lasi week was generally quiet, partly
occasioned by the number of manufacturers who
had proceeded to the wool sales in London. Sales
were easily effected when the holders of stock made
a reasonable reduction on the high prices which
ruled at the commencement of the season,

The Joshua, which arrived yesterday from
New South Wales, brought 5,0001 in gold. Her
advices were not so late as those previously
received.

The yearly meeting of the Commercial Bank of
London took place this day, when a report was
read, showing a net profit of 38,9571 15s Gd for
the year ending 30th June last. A dividend was
declared for the year of 71 per cent, to which the
directors now added a bonus of 4/ per cent, making
11 per cent for the year. A balance of 1,175/14s 9d
remained to be carried to the reserve fund, which,
with the interest for the last year, amounted to
70,821/ 6s 3d. The balance sheet exhibited a total
on both sides of the account of 1,944,9821 13s 9d.
The report was, after a few observations, adopted
nt I unanimously.

The directors of the Trust and Loan Company
of Upper Canada have issued a notice that they
are ready to borrow 100,0001 on their debenture
bonds, at 5 per cent. per annum interest. This
company has now upwards of 500,0001. invested in
the Province of Canada

Proprietors of the Australian Royal Mail Steam
Navigation Company may receive on the 28th inst.
a payment of 10s. per share out of the suspense
account, in respect of the paid up shares.
As much interest attaches to the position of the
Riga and Dunaburv, Railway Company, it may be
useful if we recapitulate the documents in the
possession of the directors in London. These
comprise-Ist, an authenticated copy on stamped
paper of the ukase of May, 1853, granting the
concession of the railway to the committee of the
Riga Exchange ; and 2ndly, the convention
entered into between the committee of the Riga
Exchange and Mr. Robinson, on the part of the
company, signed by the various parties to the
contract and by the imperial commissioner.
This document refers specially to the ukase of
1853 as granting the concession, is dated June 19
(July 1), 1850, and has the seals of the contracting
parties and of the imperial commissioner attached
to it. The stipulations contained in these docu-
ments will be embodied in the statutes, which will
be laid before the shareholders as soon as com-
pleted ; but in the meantime the directors observe
with reason that to submit the details of the
agreement between them and the Riga exchange
committee would be impolitic and contrary to the
usage in such cases. They also urge that it would
be impossible to hand these lengthy documents
to every shareholder who may apply to peruse them,
especially as it might not tend to the advantage of the
shareholders in general were premature publicity
to be given to them in the present condition of the
company. An article appears in a St. Petersburg
paper just received in London, in which the writer
refers in terms of satisfaction to the favourable
reception given here to the Riga and Dunaburg
Railway concession, extols the wisdom of the
government in granting a guarantee, and deduces
the augury that Russian credit stands as high as
ever, despite the late war, This article is con-
sidered of some importance, owing to the strict
surveillance to which the Russian press is con-
stantly subjected.
The English Stock Market continues dull, but
the quotations have an upward tendency. The
latest prices are quoted at 951 to 95i. In Foreign
Stocks this morning, prices have shown a slight
decline. We annex the last quotations of
Foreign Exchanges:—Amsterdam, short, 11 164
to 11 171. Do., three months, 11 19 to 12 171•
Rotterdam, do., 12 191 to 12 174. Antwerp, do.
25 50 to 25 57i. Brussels, do., 25 50 to 25 57k.
Hamburg, do., 13 81 to 13 9. Paris, short, 25 274
to 25 321. Do., three months, 25 57i to 25 65,
Marseilles, do., 25 60 to 25 67i Frankfort, do ,
120 to 1201. Vienna, do., 10 18 to 10 22. Trieste,
do., 10 19 to 10 23. Petersburg, do., 371 to 371.
Madrid, do., 49a to 491

Railway Shares have been without any general
movement of importance, and the dealings are still
on a small scale. Some of the heavy shares are
lower. Riga and Dunaburg shares, to which we
have alluded above, have risen 10, but the other
foreign lines are generally dull, We annex the last
quotations of Railway Shares at the elose to-day :
Caledonian, 60i 60i. Eastern Counties, to-1-
in East Lancashire, 86 88. Great Northern,
974. -A, 77 78. Lancashire and Yorkshire,
97'.4 98 London and North Western, 108 1084.
Manchester, Sheffield, and Lincolnshire, 334 34
Midland Stock, 871 871. North British, 38 39.
South Eastern and Dover, 741 741. York, New-
castle, and Berwick, 87 88. York and North Mid•
land, 634 631.

LATEST INTELLIGENCE.

rented itself as a problem before Europe, distrustful and
disquieted. Their tree institutions, founded without any
intervention of royalty, had not then received the consecra-
tion of experience ; their improvised administration awaited
the reform-of their organic laws ; opinions were divided by
impassioned appeals and jealous influences ; and material
influences, suddenly disturb,d, felt alarm for the future.
Soon, however, thanks to the good spirit of the country,
order and unity appoared in the midst of this tempo-
rary confusion ;—to doubts and disquietude succeeded

confidence and security. Strengthened in the interior by
the organisation of its different administrations, and the
foundation of a national dynasty, the country ceased to be
in a state of fatal isolation, and saw its independence gua-
ranteed by the most solemn treaties. An intelligent
activity was given to works of public utility. The exist-
ence of an army. strong by intelligence and discipline, was
assured. The sources of public prosperity were repaired.
Commerce and manufactures were developed with a
rapidity almost prodigious, and that old and pre-
&oils industry of the country, agriculture, followed
the movement by prudent ameliorations. Letters, science,
and the arts, shone as in the bcst Lys of our history. A
trial was, however, still wanting to our nationality : a crisis
broke out, profound and universal : but even in that crisis
Belgium knew how to find new force, give new 'proofs of
her vitality, and acquire new titles to general esteem. I
take pleasure in ascribing to the nation itself the honour
of a privileged situation which seems to defy the boldness
of our hopes. The ancient morality of the Belgian popula-
tions, their profound sentiment of duty, their good sense,
their practical intelligence, their deference for the paternal
views of their King— all these qualities united have powerfully
contributed to cause them to avoid the dangers of being led
away (entrainement), and of exaggerations, and to make
them recognise instinctively the true conditions of our poli-
tical existence. Gentlemen, since 1830, Belgium has been
able in moral order, as well as in material order, to accom-
plish the labour of an entire century. There remains to us
a duty to fulfil, to pursue, and to achieve, in the same spirit
as that which presided over its commencement, the work of
our young and brilliant civilisation. In the past it was union
which constituted our strength in the days of the triumph
of our nationality; and it was by that, as in days of trial it
became revigorated. For the future it is still in union that
renders the secret of our prosperity, our grandeur, and
our duration. Let us seal anew the alliance between the
nation and the dynasty by its choice. Let us strengthen
the union of all the members of the great Belgian family in
common devotedness to our beautiful country. Let us
incline ourselves before Divine Providence, who holds in
its hands the destiny of nations, and who, in its impene-
trable designs has called to itself a beloved Queen, whose
absence alone renders incomplete the joys of this memor-
able day!

FRANCE.

PARIS, MONDAY EVENING

There is still no telegraphic news from Madrid.
The ordinary letters are to the 17th. There is still
no certain intelligence as to the whereabouts of
Espartero. Several accounts affirm that he is at
the English embassy, while others repeat that he is
at General Gurrea's house. Contradictory stories
are told of his attitude. Some say that he attended
the sitting of the Cortes which was dissolved by
O'Donnell. It is reported that the mountaineers
of Catalonia have risen.
The Messager de Bayonne of July 19, says it is
not true that Espartero has ever left the house of
General Gurrea since he went to reside there. But
although he has not put himself at the head of the
insurgents, neither has he done anything to put
down the insurrection. The Queen showed great
presence of mind. She went into the streets twice
to encourage the troops by her presence.
The Messager gives the following account of the
death of Pucheta on the 16th :—" At eleven o'clock
the band commanded by Pucheta was in the Place
Santa Cruz, where it kept up a smart fire. At one
o'clock the same band was fighting hard in the
Strade Olive, Jacometrez, and Cebada. At four
o'clock, Pucheta, being driven into a corner near
the Place Cebada, was recognised by some of the
populace and pointed out to the soldiers at the
moment when lie was about to escape by the
Toledo gate. He was arrested, and taken to the
Place Cebada, where he was shot, on the very spot
where, two years since, he executed his worthy
rival Francisco Chico. His dead body was exposed
to the public, and dragged through the streets on
a cart. According to another version, Pucheta
was discovered near Villaverda, and was shot a few
minutes afterwards."
The three stories of the Hotel de Villa Hermosa
at the corner of the Padre are thoroughly devas-
tated and the furniture broken to pieces by the
firing
The Patrie published the following paragraph as
to the intentions of Marshal Narvaez, who, as you
are aware, has gone to Bayonne :—" If order shall
be promptly re-established, he will give up the
idea of returning to the Peninsula. But in case
the insurrection shall become general, or appear
formidable on any particular point, he will send a
note to the Queen's govern ment, offerin g his services
and those of his friends who share his political
opinions. In any case the Marshal will not enter
Spain unless his offer shall be accepted."

0

THE SPANISH INSURRECTION

A despatch from Paris, dated yesterday morning,
makes the following announcement :—Santander
made an attempt at a movement, but order has
been restored there. Navarre and the north pro
vinces are tranquil. It is said that at Saragossa
matters are in a fair way of arrangement. The
troops entered Logrono without resistance. The
National Guard is being disarmed.

The correspondent of a cotemporary asserts that
among the reunions which have reached him in
Paris are the following :—lf the new government
in Spain succeeds in maintaining its authority,
France will of course not interfere. If the Pro
gressites gain the day, and by chance the present
Queen is required to abdicate in favour of the
Princess of Austria, and Espartero is appointed
Regent, still France will not interfere, and will
only invade Spain in case the Duchess de Mont-
pensier be declared next heir, or that a republic
should be proclaimed.
The following, dated the 17th, is the latest news
by letter from Madrid :—" Madrid is calm. The
military tribunal is sitting, and is working with
energy. Muskets and other arms are being col-
lected. The disarmament of the National Guard
Proceeds with activity; 15,000 muskets have already
been collected, and although a certain number is
wanting, the aim of the measure is considered as
obtained. It is stated by some that Espartero is
hidden in the British Embassy. CTovernment has
decided on acting generously towards him, and will
permit him to withdraw to any spot he may solicit."

The folowing proclamation was issued on the
15th by O'Donnell and his colleagues :

Inhabitants of Madrid !—The situation in which her
Majesty's government with frankness and loyalty, now
address you, is certainly a difficult, a solemn, and a
critical one. Your conduct has put the government into
a painful perplexity.

Victims of the evil passions of a handful of audacious
men, you have been drawn on to consequences which
your own consciences must disapprove ; and the govern-
ment complying with the imperative duty imposed upon
it for the conservation of your interests, your principles.
and your liberties, finds itself under the necessity of
resorting to means which are not agreeable to the senti-
ments of its heart.

Listen, then, to an austere but friendly voice, which
warns you to consider that the judgment, not of a remote
posterity, but of the reason and true conscience of this
nation, and all Europe will have to pronounce itself
immediately between the government and you. It is no
puerile ambition, no mean party interest, which obliges
the Queen's government to take the attitude of coercion
in which you have placed it.
The existing ministry accepted this saving commission,
because the late cabinet, in the most critical circum-
stances, had left the nation without protecting support,
and had abandoned the Queen,

The ministry, confident that it represents public
opinion, and that it is adapted to those imperious
necessities which late evectshave caused to be so acutely
felt, hesitated yet for some hours to shed blood. It was

unwilling to come to extremely rigorous measures in the
application of force, and it hesitated before it adopted
extreme measures, being fearful of adding to the horrors
of the evil those of the remedy.

Its hope being disapp3inted, or, to speak more truly ,
being destroyed, it now finds itself cnnpelled to bring
into action the ample forces of the army at its discos
against an aggression which, though at first merely the
frenzy of a minority that was led astray, is now assuming
the prvortions of a most unrestrained and subversive
revolution.

It is not their own cause that the Ministers are defend-

ing--that is not the question at issue in this struggle—
what is at stake is your freedom ; the contest involves
those principles which form the very basis of society,
and the interests of your property and your homes. The
contest is for your mental improvement, your well-
being, the lustre of your rank among the nations of
Evrope, and surely these are interests and principles
more elevated than those which have been contended for
in other political conflicts.
The blood that will be shed during its continuance,
the misfortunes and horrors that may arise, will return
upon yourselves, and it is to you that history will impute
them. Inhabitants of Madrid ! The great, the in:in-lens e
majority of individuals bearing arms in your National
Guard know well the actual and the awful truth ; they
know that the triumph of the means about to be em-
ployed by the government is sure.
But, in the extraordinary situation in which we find
ourselves placed, there is yet another and more terrible
truth, which is that the worst calamity of which you
could be the victims, and the situation which would
hurry you into the lowest abyss, the most bloody
anarchy, would be your own triumph:

Inhabitants and National Guards of Madrid !—Spare
the government this hard conflict ; spare yourselves thi s
blood-stained disgrace. Distinguish between and separate
the pretences of a few deluded and discontented persons.
from the ]awful rights and just liberties, which the
government neither can nor will infringe, and has never
wished to infringe, and enable us to save the principle
of power witbout having recourse to the means of force
and to the horrors of blood.

Assuredly this solution is easy. Remove from your-
selves, all of you, those who are our cruel enemies. We
do not ask you to combat them, it will be enough that
you abandon them.
(Signed) LEOPOLD O'DONNELL, NICOME DES PASTOR
DIAZ, ANTONIO DE LOS RIOS ROSAS
MANUEL CANTERO, JOSE MANUEL

COLLADO.

Madrid, July 15,

At Saragossa on the 15th, immediately after the
reception of the news from Madrid, all the
military, political, and civil authorities of the pro-
vince and city, as well as the chiefs of the National
Guard, assembled at the palace of the Captain-
General of Arragon, and in a sitting presided over
by that functionary, voted the following proclama-
tion :

Inhabitants of the province of Saragossa,--A shameful'
attack upon the cause of liberty has been committed in
the capital of the kingdom. The man, who in 1854 drew
the sword in the name of the law, has to-day forcibly taken
possession of the government of the nation in contempt of
that law. He does not fear to shed the blood of the
people, that he may substitute his arbitrary power for the
national sovereignty.
The city of Saragossa, ever heroic and the firmest ram-
part of liberty, cannot remain indifferent in the presence
of such an attempt; it must'constitute itself in open oppo-
sition to the ministry with the unshaken resolve not to lay
down arms until the liberty of the country is safe.
In bringing events and resolutions so grave to veer
knowledge, the Junta of Saragossa invites you to rise as
one man, to gather round it and hold yourselves ready to'
resist the power which seeks to impose upon us, by gra re
shot, its absolute will. But the Junta cannot abstain at
the same time from recommending you to proceed with the
greatest moderation, avoiding all that may compromise
the sacred cause you are called upon to defend.
Consider the advantage which our enemy would gain
from the slightest excess on your part, and the joy with
which he would see anarchy glide in amongst us. All this
would but give too many opportunities for legitimising
his intervention.

Union and resistance to the ministry of the Count de
Lucena, and we shall save liberty from the dangers which
menace it. President, ANTONIO FALCON.
Vice-President, FALICIANO POLO.
_
_ _

Members : Manuel Gorriga, Joaquim Marin, Jose-(Th no,
Manuel, Lorenzo-Maria Schmid, Candid() Conde, Shroa
Gimeno, Geronimo Borao.

GREECE

A correspondent writing from Athens under date
of the 11th instant, writes :—" I have received a
piece of intelligence that I give without vouching
for its accuracy. It is that England and France,
at the mediation of Austria and Russia, has con-
sented to the article in the Greek Constitution
relative to the faith of the succeßsor to the throne
being annulled. The family of Bavaria have thus
secured their chances, and already the succession.
to the throne has been offered to Prince Louitpold,
the eldest brother of Prince Adalbert."

INDIA AND CHINA MAILS

The Peninsular and Oriental Company's steam-
ship Ave, Captain J. S. Field, arrived at South-
ampton yesterday morning, at seven o'clock. Her
mails and dates are as follows :—Alexandria, July
9 ; Malta, July 12 ; and Gibraltar July 17.
The Ava brings 54 passengers, among whom are
Sir James Alexander, Colonel Atherley, Colonel
and Mrs. Alcock, Major Lloyd arm others.
Her cargo consists of 1,599 bales silk; 68 bales,
wool; 182 packages gum; 58 packages elephants'
teeth; 10 cases shawls; 13 cases plants ; 4 cases
tortoiseshell ; 40 tons cotton seed ; 233 packages
of general merchandise, and one horse.

The Ava, on her homeward passage, experienced
fine weather in the Mediterranean, strong winds
along the coasts of Spain and Portugal, and
moderate weather across the bay and up channel,
but with dense fogs.
On the voyage the Ava, on the 9th July, off
Alexandria, observed the English barque Nicarees,
bound for that port; on the 17th, off Tariffa, tho
brig Queenstown, bound homewards; on the 18th,
off Lisbon, the screw transport Stamboul, No. 90,,
steering to the N.W. ; on the 19th signalled the.
screw steamer Pactolus, from Alexandria to Liver-
pool, in lat. 40.56 N., lon. 9.33 W.; on the 18th
the Calcutta (s.s.), homeward bound; on the 19th,
off Cape Finisterre, the Maranden bound to
Gibraltar; and on the 21st, off Ushant, the Penin-
sular and Oriental Company's steamship Indust,
bound to Gibraltar.