The Northern Daily Times.
Liverpool, Merseyside, England, 1856-12-06 00:00:00

THE -NORTHERN

too, will be in a state of fermenting stagnation, grow-
ing weaklier and sicklier daily, from repression of
energy and healthy expansiveness, and stained all over
with political and social plague-spots more hideous
than now. But, if Mr, Buchanan turn his back on
those expedients, if he refuse to abdicate his mission,
as a President of the United States at this juncture, and
direct the energies of the Government where the Ostend let-
ter —the b-st document, he ever signed—points to—to wits
towards the tropics, towards Cuba. N'caragua and Mexico,
he willsucceed. He will stand where Pierce did in 1852, only
of a little bro sder ground and under a more de9ned pledge,
hut it is to be hopati that he will not bury the platform on
which he was elected in the most mysterions recess of the cir-
cumlocution office and cower like a schoolb )y before the ferule
of some second Marcy. He owes his election to the vote of
the south, and to the defiant attitude of resistance which she
was beginning to assume, He should bear that fact well in
mind. He will be a traitor, and insensible to every minty
feeling of gratitude, if he forget it, and disregard the obli-
gations it implies. Then let him live up to the letter and
spirit of the Ostend letter ; let him look to our interests in
Cuba, which, by right of geography sad of political neces
city should be ours; let him fortify Walker in Nic9rilgua,

and forestall Spanish and Frencl, designs upin Mex'co ;
let him place the great Tehuantepec route beyond the
hazard of be;ng lost to us, by securing the grant of a strip
of territory across that Isthmus ; let him do these things,
and we can laugh to scorn the subtle policy of Seward, the
rhetorical ravirg of Samner, and the blatent menaces of
their followers.

We take the following remarks respecting Presi-
.

dent Cabinct the New York
Journal of Commerce, a paper in favour of his poli-
tieal principles, and an advocate of the platform on
which he was elected :
Various speculations have been hazarded in regard to
the Cabinet of Mr. Buchanan. The Opposition press
cannot be relied on, as authority in the matter, and may
not have much more influence upon the judgment of the
President elect, than they had upon the general result of
the Presidential election. They may take a fresh start
upon the information that Gov. Wise, in compliance with
an invitation from Mr. Buchanan, has gone, or is about to
en, to visit him. It is not to be inferred, however. that
Gov. Wise is therefore to be a member of the Cabinet. He
has some impoi taut matters to attend to at home, being
deeply interested in the success of the system of inter-
nal improvements, in that State, which has, under
his administration, received a fresh impulse. It is not
probable that he will resign his office as governor, for the
purpose of accepting a seat either in the cabinet, or the
lU.S. senate. Nei her does it seem probable that Mr.
Hunter. or Mr. Mason, will, by r.signation, make a
vacancy in the senate for Governor Wise. Even should Mr.
Mason resign, to accept a place in the cabinet, the vacancy
must, according to usage, be filled from the Western part
of the State, which would exclude Mr. Wise. It is to be
presumed, however, that Virginia will be represented in the
cabinet of Mr. Buchanan. With the general approbation
of the Democratic politicians of that State, she was omitted
in the formation of the present cabinet. It is not im•
probable that the choice of Mr. Buchanan will fall
either upon Charles J. Faulkner, of Martinsburg,
now a representative in Congress, or upon Governor
Floyd—i.e., if he take a member of it from Virginia.
No President has ever come into office less trammeled
in regard to the choice of his advisers, than Mr. Buchanan
will. He has no feuds in the ranks of his friends, either to
reconcile or to recognise. The quarrel between the New
York Hards andilSofts, and between the friends and oppon-
ents of the Compromise of 1850, will not embarrass him-
The late election throws the mantle of oblivion over all past
differerces among those who, in the late crisis, have been
true to the Union and the Constitution. We may take
it for granted, that each of the present members of the
Cabinet, will tender their resignation to the incoming Pre-
sident ; and that, aft,,r such delay as the convenience of
the President may require, they will be accepted. Still, the
President may find that the success of his administration
will be best promoted by retaining one or more of them in
the Executive Departments. Certainly, no man could
give more dignity to the Department of Foreign Affairs,
and fill it with more satisfaction to the whole country,
than Governor Marcy.
The general miscellaneous news is not of much
moment. No further intelligence bad reached New
York respecting the ill-fated Lyonnais. A sub-
scription, in aid of the sufferers who had escaped
a watery grave, had been commenced. At a time
when so much is being said about the supply of
salt in Cheshire, we may notice the following corn
munication in one of the New York papers of the
19th ult , dated

Turk's Isl3o, October 31.

,
The salt season is done for here. We have bad floods of I
rain recently, and no more salt will be made this s'ason—
none sooner than Ft,bruary or March of next year, and per-
haps not so soon, There are ab tat 275,000 bushels alto -
gether, including ~11 the ports of this colony, namely :—.At
Grand Turk, 25,000 ; Salt Key, 50,000 ; and at East
Harbour, (the best harbour in these islands, where they
have the best salt, and give the best measure), there are
200,000 bushels of an excellent and uniform quality, yet
unsold. The general price is at present, at each port, 18c.
The supply will be equal to the demand, it is thought, until
salt is made again next year. There is something very
curious in the present mode of levying and collecting duty
on silt in the United Sta:es. For instance : the duty is 2 0
per cent ad valorem, and the cost of the salt, with the
exoenses or charges, including every charge on the same
here is determined by the invoices. Now these charges are
as follow : half a cent ex,ort duty, collected by an officer
put on board the vessel while loading, at the expense of the
colony, which duty the purchaser pays at this custom hiuse
when he clears his vessel—the salt merchant paying the
expense of shipping or cartage, and not the purchaser. The
husnel measure, according to law, is thirty live imperial
quarts, on which the export duty is levied, and by which
measure alone is salt allowed to be bought or sold here.
Yet for every bushel it overruns the American measure-
duty is collected on it there, on an average, in direct contra
vention of the express letter of the law.
A terrific fire had taken place at St. Louis,
whereby some 400,000 clols. worth of property was
destroyed. At New York there were several minor
conflagrations.
The New York Journal of Commerce says :—A
disagreement between General Walker and one of
his trusted agents, has resulted in the publication
of a, correspondence, which is interesting as die-
closipg something reliable in respect to the pur-
posei3 and plans of the Nicaraguan invaders. The
party who thus appeals to public sentiment for
vindication, in consequence of the revocation of
his agency by the filibuster chief, is described in
the Herald, in which paper the letter referred to
appears, as a Cuban exile, who took service with
Walker, probably in the hope of influencing his
policy to aid the efforts which repeated discourag
ment has failed wholly to subdue, for the regenera-
tion of Cuba. His capacity and the influence of
his character, marked him as a suitable person for
employment in delicate and difficult missions ; and
he was despatched by Walker to this country, to
negociate a loan and to expedite the forwarding
of certain much needed supplies for the army. His
instructions also required him, after having effected
what was practicable here, to proceed to Europe,
to procure the recognition from France and Eng-
land of the usurpation in Nicaragua, and, on the
credit of that imposing acknowledgement of a de
facto government of which he was a duly accredited
representative, to obtain a further advance of money
in exchanga for Nicaraguan securities.
The scarlet fever had become rife, and, in some
instances, fatal at Boston.
A New York paper, of the 21st ult., says :
Within a week more than one hundred vessels
have arrived at Gloucester from the Bay St. Law
rence, with fares from ten to three hundred barrels.
Many of these vessels came home with from fifty
to one hundred barrels after an absence of three
to four months. The season at one time promising
to terminate oo favourably, will wind up in many
cases in a most disastrous manner, and the crews

RICE : The market was rather inactive toward the close
of the week, without material variation as regards prices ;
and about 1,300 tierces charmed hands since our last
week's report, at from 4 dols 25c to 4 dols 62/0 per 1001bs
cash,

SALT : Liverpool fine is in fair request, and remains
firm at former prices, but the receipts of ground have
recently been large, and lower rates are accepted. Belk
salt is dull. The sales are 2,500 sacks Jeffreys and
Darcy's Liverpool fine at ahont 1 dol 373 c ; two invoices,
together 13,583 do ground, 833; and 3,500 bushels Lisbon,
19, 4 mos.

have but little money coming to them to carry
them through a hard winter. Many vessels will
have to fit out immediately for Georges, and pur-
sue that hazardous business as long as the weather
will permit. The larger part of the fleet have now
arrived, and such is the small catch of mackerel
that the prices must greatly advance, as the supply
cannot meet the usual consumption. The prices
of mackerel from some cause have been much
depressed, and have made even large trips much
less than last year in value.
The latest intelligence is not of much moment,
adding but little to our previous advises.

selves. The operation is not a usual one for the month of
December, but if, in their extremity, the Banks of England
and France would be greatly accommodated, the sum will be
put at their service by the next three arrivals from California,
without making further material draughts" upon the interior
or City Banks on this side. One or two of the Exchange
drawers were asking e to 1 furth r advance on London, but
failed to do much bisiness, except, perhaps, in the way of
settling credits with their own dealers. Most of the ready
money sales were at 1091 to 1091 per cent, first class bills,
and 1084 to 109 for transient signatures. On Paris and
the Continent generally there was not much business dole.
The top rates on Paris, 5 171 to 5.181. There was a
demand for short sight on L-,ndon owing to the high rates
of interest quoted from that point.
COTTON : On Wednesday a large business was done on
the basis of 111 e for rniddline. and 12c to 121 e for strict
middling to good uplands. Thursday was a close holiday.
Yesterday the market is unchanged, notwithstanding the
receipt of the Niagara's advices from Liverpool, advising a
decline 1.16 d to H 2--1, holders having anticipated their tenor.
The sales of the day have been moderate, the market at the
close being well supplied at the annexed quotations :
Uplands. Mobile. New Orleans
Ordinary , . nom. nom. nom.
Goad ordinary —to 114 c —to 111 c —toll lc
Middling —to 1113 —to 12c —to 12-1 e
Strict middling —to 12c —to 121-c —to 12:1c
Good middling
fiddling fair
t -
Fair
Fright to Liverpool, 3-16 d.
BREADSTUFF'S : The flour trade has been quiet, but
sufficient to take nearly all the receipts, and prices have
remained without any material change ; there is a good
home demand, and enquiry for export at the close of ihe
market, was heavy, and the turn downwards, particularly
on the lower grades of State. We quote Common to
Chicago superfine State 6 dole 153 to 6 dole 35c, and extra
at 6 dols 50e to 6 dole 70e; Western sap rfine 6 dials 30c
to 6 dols 55c ; extra, 6 dais 60c to 7 dols 15c; Canadian is
in lizht stock, and the sales are mostly by retail, at 6
50c to 7 dols 40c. The receipts of wheat have been heavy, Suppose a person, with a lump of clay in his hand, to say—
and prices have slightly given way, chiefly on the lower " This is a candlestick." Doubless, I might reasonably
grades of Western, of which the stock is liberal. There is enough decline to concur with him, and yet, according to the
an active export demand, and but little going in store, meaning in his mind, be might, after a manner, be right, for
Indian corn is in moderate request, and with a free demand althou2h not a candlestick, strictly speaking, yet inasmuch as
is held a trifle hither in price. he had so used it, it would unquestionably be to him the thing
ASHES : The receipts of all kinds of Ashes, during the he pronounced it to be, and it would be futile to persevere in
week, have been light, and high prices continue to be paid refuting his statement relative to that isolated case ; and yet it
for the little lots arriving; say 71c. for lots, and 8 cents for would be preposterous on his part to insist upon it that there
Pearls. could he no candlesticks but such as he had demonstrated his
BARE : We have no sales to notice in this market ; sales lump of clay to be. This is, perhaps, a coarse sort of simile ;
have been made in Philadelphia at 41 dal, to 41 50,,eash nevertheless, I think it a somewhat parallel case with our
for No. 1 Qiercitron. friend and his money.
HOPS during the past week have been rather inactive, lie says:—" Whilst I adroit that all Currency ;-
but under the receipt of news from Europe, which tends to popular and common accep.ation of the word—
encourage the expectation of an export demand, the price the strict sense of the word, nothing deserves the name hut
has been maintained firmly at our previous (iolations, more that which the world at large recognises as full and fitting
particularly for the better gradttir We notice sales of about equivalents for any and every other description of property.
250 bales, at 9c to Ilc as in quality. The receipts have These universal equivalents are silver and gold.)'
been large, and there is now a good stock here. "J. W." says, " Gold is nor money, strictly speaking." Now,
METALS : Pig Iron : We have no change to notice ; it being permitted to hold the candlestifk, mental reservation, I
is selling at 31 dols to 31 dole sfc, 6 mos, from yard. Bar don't mind saying in so many words thatgold is not money, for, as
Iron : No alteration in quotations ; market very quiet. it has been pretty clearly shown, it certainly is not necessarily
Lead : Sales of 200 tons have been made at 61, time and d I would fain believe it mutt be after that same
interest for soft Stolhprg. Sales of soft Spanish to tb that a Currency Reformer" considers gold as money ;
extent of 100 tons at 6c, cash, and about same quantit would savour too much of asperity to insist on pinning
common English at time and interest. Block Tin : own to any technical expressions, if really he means the
The steamer to-day brings advices of a further advice of right thing.
three florins Ix Banca tin in Holland, having been sold at 83 I cannot think that be would accept an uncoined lump of
florins there. It has also advanced correspondingly in gold as money. Hence it is evidently the Mint impress which
England. Here the market, under the influence of the rise, imparts the Currency standing to gold, and not the gold which
has also advanced, and Banca and Straits are held at Qc qualifies the stamp. Confining ourselves to our present
higher, say 331 for Straits and 34 for Banca, cash. Copper : system, and passing by, as if of no moment, the fourteen
Dull at our quotations. millions of unbullioned Bank notes, and allowing him the full
PRoustoNs : Mess pork remains quiet, with sales of old benefit of his mental reservations, I think we may safely allow
From 173 dole to 174 dots ; prime, 17d dols to 17i dole. that, technically, lie is not so far out of the way in saying that
0!d meats in pickle or dry salt are nearly out of market, " nothing deserves the name of money but that which the
and prices merely nominal. New barns sell from 9,1 c to world at large RECOGNISES," for that qualifying word,
91c ; smoked hams, 101-e to 121 e ; shoulders, 7c to 74e ; recognises," in connection with the experience of the last
sides, Sc to 9c; long and short middles are not active ; fifty years, points most emphatically to the reform which is
sales at 10c; ear are nominal at 1 le. Lard is in fair needed in the Currency of this nation ; and we know fnll
demand in brls, from 123 c to 13e ; kegs, 133 to 131 c. well that the law of L_ • • -
Beef is in fair demand • old repacked Chicago mess, 10 dols
50e to 11 dols 50c ; Western repacked, 9 dols to 11 dole ;.
State mess, 8 dole 503 to 9 dole ; prime, 6 dols to 7 dols ;
new Chicago mess, 13 dole 50c to 14 dole 50e ; extra, 15
dols to 15 dots 50c; old prime mess beef is out of market,
and no new has come to hand yet. Beef hams are in
moderate dernend, with small sales from 18 dole to 20 dols.
Butter has come forward freely, and the demand is good ;
extra State dairies sell from 19e to 23e ; extra, 24c to 28c ;
Ohio, 15e to 21c. Cheese, 9c to 10c per lb.

TO THE EDITOR OF THR NORTHERN TIMES.
Sir.---It is satisfactory to know that, although our friend
" J. W." lia4 retired from the field for a while, he has not
done so from cowardice. Since lie hag evidently fought game
it the last, and does not appear to have been in any way

- •
disabled, it is to be hoped that he will make good the well
kpown wo►ds—

t, He who fights and runs away
Lives to fight another day."

In rho meantime, those he has left on the field must do their
best, trusting, not to their own prowess, but to the justness of
their cause, which should make all men valiant.
Since it appears that " A Currency Reformei" adheres
vny tenaciously to his notion of Money, let me say a few
words on this point—mayhap he will be Induced to reconsider

his verdict, which we ought readily to forgive him, as the
result of habits and ideas we hive all, in common with him-
self, been trained up to consider sound.

I have not the slightest objection to meet him in this strug-
gle, if it is to he such, but lam free to own that I prefer
ascribing to him the same honest intent as myself, however
much I may regret his pertinacity in clinging to this old-
fashioned notion of money, which it is high time to discard as
obsolete; for, until I have some good reason for adopting a
diff..rent line of conduct towards him, I must continue to deal
with him as a brother ; and I do not scruple to claim from
him, in return, every indulgence for any seeming asperity that

In one sense