The Northern Daily Times.
Liverpool, Merseyside, England, 1856-07-08 00:00:00

NORTHERN TIMES.---LIVERPOOL, TUESDAY.

in dispute to arbitration ? or what can equal the
folly of goading the Americans into the abroga-
tion of the treaty altogether? " Our policy" in
1853 was in perfect accordance with the letter and
spirit of the treaty o 1850, and let us not abandon
an honourable and consistent course to gratify a

paltry outburst of official humour, and keep up a
war agitation for Ministerial convenience.

THE Partnership Amendment Bill was very
nearly lost, "on principle, " in the House of
Commons, on Friday. The opponents of the
Government measure have had abundant time
given to them to make up their minds as to what
ought to be done, in obedience to the demand
made by mercantile men for relief in partnership
transactions. A man could lend a trader, under
the old system, money at a usurious rate of
interest, equal to 50 per cent. of his profits, and if
the borrower failed the capitalist could walk in with
a judgment and plunder all the creditors. And this
is the system which Mr. MIINTZ, Mr. SPOONER,
and a great many other monopolists of trade
would have continued. They would not allow men
to lend money to a concern on a fair share of its
profits, and so risk the money they advance, but
they would make them partners and liable to the
last farthing for the debts of a firm in which
they never had more than a third, fourth, or
twentieth share of the profits. There is neither

justice nor common sense in such a proposition.
When insolvency or bankruptcy overtakes any
undertaking in which money is invested, the men
who advance the capital must lose it, and here
their losses ought to end. Credit is now given to
bankrupt concerns on the strength of being able
to fix the whole of the debts contracted on some

sleeping partner, and the capitalists ought to be
released from these consequences of collusion,
which is but too rife in the commercial world.
When the principle of Limited Liability is
thoroughly established it will make the public
more cautious than they have been Men will

feel no hesitation in asking those seeking credit

what their capital is, and if they utter a falsehood

in answering this question they will•place them.
selves under the lash of the criminal law. But

trade will be carried on then as it is at present.

MONETARY AND COMMERCIAL,

LIVERPOOL, MONDAY EVENING

The tenor of the American advices has given
increased firmness to the cotton trade, and although
holders offer largely, extreme rates have to be
paid. The total sales to-day are 8,000 bales, of
which 1,500 have been taken for speculation and
export.
There has not been a very active Share Market
to-day, but prices have been tolerably well
supported, and closed as under:—Aberdeen,
15 151. Chester and Birkenhead, 171. 17g.
Caledonian, 31 311. Chester and Holyhead, 17
17k. Eastern Counties, 10i- loa. East Lanca-
shire, 211 22. Great Northern, 21 241. Ditto A,
91 10. Great Western, 621 631. Lancashire and
Yorkshire Stock, 981 981. Liverpool, Crosby, and
Southport, 181 19. London and North Western
Stock, 109 1091. Manchester, Sheffield, and
Lincoln, 351 35t-- New 6 per cent. Pref.,
Ditto Preference, 121 128. Midland Stock, 84k
84/. North British, 9! 91. North Staffordshire,
4'ad. South Eastern and Dover, 22e 22 1140.
York, Newcastle, and Berwick, 22 221 York and
North Midland, 321321. Leeds Capital Stock, 191
191. Buffalo and Lake Huron, 11 11p. Dutch
Rhenish, 21 2 13716 p. Great Western of Canada,
261 261. Ditto New Shares, 81 3ip. Great
Luxembourg, 8k BZ-d.
The following is a comparative statement of the
exports of wlitat, flour, and Indian corn, from all
the ports of the United States (to latest dates) to
Great Britain and the Continent, for the seasons
1853-54, and the present :
Flour. Wheat. Corn.
brls. qrs. qrs.
To British ports 1853-54 1,738,958 695,350 644,200
Continental ~ „ 787,570 238,100 32,870

2,526,528 933,450 677,070

To British ports 1855-56 1,134,731 580,573 709,000
Continental „ „ 649,241 281,300 27,500

1,783,972 861,873

736,500

(FROM on OViN CORSPONDENT.)
PARIRES, SUNDAY EVENING.
The proposed interview between the French and
Austrian Emperors excite, I hear, considerable
dissatisfaction in the Prussian and some other
Courts ; and, on that account, it is said, that the
least fuss possible will be made abottt it.
The Moniteur de l'Armee publishes what it
represents to be an official account of the deaths
in the French army during the Eastern war. The
account says that from the Ist of .May, 1854, to
the 30th of March, 1856, the number of deaths in
the East was 62,492 officers and men ; and in the
Baltic, 1,059. It adds that in the same period the
deaths in France were 13,635, in Algeria, 5,246, and
in Italy, 1,088.
Trade has been very dull during the past week,
as indeed it always is at this season of the year.
The parisian manufacturers have, however, re•
ceived orders from Russia and Turkey. The affair
of the transatlantic steamers, which has been so
often on the tapis, and so often near a settlement,
has, it appears, again been postponed.
The affair of the Pyrenean railways excites some
interest in commercial circles. These lines have
been conceded, or at least promised by the govern-
ment, to M. Perriere, of the Credit Mobilier
Company, with a subvention of 1,040,0001. sterling.
M. Thiers, the great speculator, offers in the name
of the company, of which he is the head, to take
them for 1,000,000/, subvention, and he demands
that the concession of them shall be put up to
public competition. In the hope of preventing
scandal, M. Portiere, has, it is said, offered to
content himself also with a round million.
The Moniteur announces that the Russian
government has temporarily suppressed quaran-
tine in the Russian ports of the Black Sea and of
the Sea of Az,iff That government has ordered,
says the same journal, that the temporary suspen-
sion of the additional duty of 50 per cent. imposed
on all foreign goods imported into Russian ports,
shall, for the present, not be paid on goods con-
veyed by French vessels into Odessa or any ports
of the Crimea, from Kamiesch, Constantinople, or
any other port of the Mediterranean, except those

of France.
The death of the Duchess de Montebello, widow
of the famous Marshal Lannes, is announced.
At the last wool fair at Wiemar the sales
amounted to about 750,000 lbs., and prices were at
the end from 6d to 10d the pound on those of last
year.
PARIS, SATURDAY EVENTNG.
_ _

It is said, with what degree of truth I know not,
that the King of Wurtemberg and Bavaria, and
the Prince Regent of Baden, are to meet the Em-
peror of the French and the Emperor of Austia, in
the projected conference, on the Swiss frontier.
If this be true, the meeting will partake somewhat
of the character of a congress of sovereigns—one
of the hobbies, as you know, of Louis Napoleon.
It is intended, it appears, to carry into effect a
measure which has been long talked of, and which
is much needed—to increase the number of agens
de change (stockholders). It is also said that
measures are to be taken for preventing operations
by unlicensed brokers.
The Emperor is to remain at Plombieres for
about three weeks longer. He has began taking
baths, but I hear that he pays incessant attention
to business.
The sale of cotton at Havre last week amounted
to 10,489 bales, and prices were at an advance on
those of the preceding week.
The Spanish papers received to-day, state that
the government has ordered the expedition sent
against Mexico to be reinforced by a frigate and
corvette from Cuba, and that in spite of the " good
offices" of France, it is determined to exact separa-
tion from the Mexican government.
A. St. Petersburg letter in the newspapers says
that our Ambassador, Lord Wodehouse, had been
received with the greatest politeness, and the most
most marked curiosity ; also that the citizens
flocked to Cronstadt to see the arrival of the
numerous European ships of commerce, and that
they appeared particularly struck by those of
England. The latter adds that there was a talk
of a reduction on the import duty on foreign
' sugar.

NEW MAGISTRATE.—At the Preston Quarter Sessions,
on Wednesday last, William Pilkington, of Audley House,
Blackburn, qualified as a magistrate of the county, by taking
the oaths.

THE ROYAL LANCASHIRE RIFLES.—To-day this regiment
will assemble at the Everton barracks to be reviewed by,
we believe, Sir Harry Smith, the general commanding this
district. After which, they will march through the town,
and, on their return to the barrack, be disembodied. On
this regiment leaving Glasgow, where they were on per-
manent duty for upwards of twelve months, Viscount
Melville, the general commanding the Edinburgh district,
passed a high eulogy on their soldier like appearance, and
their general good conduct during their service in the

north.
NEW POST-OFFICE FOR BIRKENHEAD.—Yesterday, the
foundation-stono of a new building was laid on a site of
ground, near the corner of Conway-street, Birkenhead.
The new structure will be in the Corinthian style of archi-
tecture, and will comprise, on the ground floor, offices
sufficiently capacious for conducting the business of the
post-office—the geteral office being twenty-eight feet by
thirty-eight feet. The first floor will be so constructed as
to be capable of giving accommodation for the public library
and museum, with a large waiting•room, and every other
necessary appliance for the institution. Yesterday, after-
noon, between the showers of rain, Master. Walter Craven,
the son of the builder and proprietor, laid the first stone,
with the usual ceremony. The architect of the new building
is Mr. Brattan. After the ceremony was concluded, the
plans were presented to Mr. John Lacey, the architect's
foreman.

RIPLR Y'S HOSPITAL, LANCASTER.—The silver trowel

with wnich the foundation stone of this institution, which
is about to be erected at Lancaster, by Mrs. Ripley, of
Abercromby-square, Liver pool, is to be laid, is now exhibited
in the window of Mr. Dismore's establishment, Bold-
street. It is a beautiful piece of workmanship, and bears
the following inscription :--`1 Presented by Julia Ripley to
the Right Rev. James Prince Lee, D.D., Lord Bishop of
the Ditrcese of Manchester, on the occasion of laying the
foundation stone of Riple Hospital, Lancaster, 14th July,
1856."

Lord J. RUSSELL gave notice that, on Friday or Monday,
he should move for correspondence arising from the Paris
conference relating to the affairs of Italy.

WAYS AND MEANS.
The report of the Committee of Ways and Means was
brought up and agreed to.
THE WENSLEYDALE PEERAGE... . __

On the order for the second reading of the Appellate
Jurisdiction (House of Lords) Bill,
Mr. E. DENNISON presented a petition from Baron
Wensleydale, praying for such alterations in the bill as
would enable him to take his seat in the House of Peers.
APPELLATE JURISDICTION (LORDS) BILL.

The ATTORNEY-GGNERAL then Moved (he second read-.
ing of this bill, and in doing so, referred to the defective
method of conducting business in the Court of Last
Appeal. The hon. and learned member stated that fre—
quently there were only two peers present, when the
House was sitting as a judicial tribunal, and that they
frequently differed in opinion. It had been argued that
the Appellate Jurisdiction of the Lords should be
abolished altogether. but the only tribunal to which the
functions and jurisdiction could be transferred, was the'
Judicial Committee of Privy Council. That would be
objectionable, as it would impose more duties upon
the body than they could perform. The Govern-
ment had attempted to improve Appellate Jurisdic-
tion of the peers, by the creation of a life peerage,
but the Lords had refused to admit Lord Wensleydale to
a seat in the Upper House. Was the House of Commons,
then, to bring itself into collision with that branch of the
Legislation? (Loud cries of hear, hear.) That might
be very well, but the unfortunate suitors would be the
sufferers. He accepted this measure in the absence of a
better, and submitted it to the House for a second

readinc.
Mr. BOWYER moved, as an amendment, that the bill
be read a second time that day six months. He denied
that the bill would provide any remedy for the evilg
complained of in the appellate jurisdiction in the House
of Lords, and stated that the principal evils were,
the existence of two superior courts of appeal,
and the absence of a court of criminal appeal.
He suggested the constitution of a court, consisting
of not less than five judges selected from the Bench
and the Bar, to which should be transferred the Appellate
Jurisdiction of the House of Lords, and of the Judicial
, Committee of Privy Council. and which should be a Court
of Appeal in criminal as well as civil cases.
Mr. ROBERT PHILLIMO RE seconded the amendment, and
warned the House against assenting to patchwork legisla-
tion, which rendered permanent all the evils at present

existing.
Mr. WHITESIDE, in supporting the measure, argued that
up to a recent period the House of Lords as an appellate
tribunal had been perfectly successful, and that it would
be unjust now, because certain law lords were incapaci-
tated from the efficient performance of their duties by
infirmities, to alter the constitution. He contended that
the people of this country were in favour of an amend-
ment rather than an abolition of the judicial functions of
the House of Peers, and on that ground he voted for the
bill.
Sir JAMES GRAHAM opposed the bill, pointing out mans,
anomalies in its construction, and warned that House to
look with jealously upon the result of a compromise
between the two opposing political parties in the House
of Peers.
Mr. R. PALMER supported the principle of the measure,
though he considered that the state of appellate jurisdic-
tion of the House of Lords had been much exaggerated.
Mr. COLLIER suggested amendments in the bill, which
he believed would place the appellate jurisdiction of the
Lords in a satisfactory position.
Mr. J. G. PHILLIMORE opposed the bill.
Lord J. RUSSELL opposed the measure, declaring that
the evils were only of a temporary character*, and ought
not to be dealt with by a permanent measure.
The SOLICITOR-GENERAL defended the measure.'
The House then divided. The numbers were,
For the second reading 191
Against it 142

'Majority 49
The bill was accordingly read a second time.
The remaining orders of the day were disposed of, and
he House adjourned shortly before two o'clock.

ROYAL COLLEGE OF SURGEONS.—The following gentle
men having undergone the necessary examinations for MI
diploma, were admitted members of the college at tbo
meeting of the court of examiners on the 4th inst.:-
Messrs. Henry Ga*en Sutton, Middlesborough, Yorkshire
John Drummond, Greenhays, Manchester; and Silveste
Grimes, St. Helens, Lancashire.
The Ilioniteur publishes a table of the losses sustain&
by the French army during the war, from May 151
1854, to March 30th, 1856. The returns include 0'
men who died from disease and who fell in the field
The total loss in the Crimea and the East is 62,492, 0
whom 1,284 were officers and 4,403 non-commissions
officers ; 14 generals perished as staff officers, 70 medics
officers, and 12 chaplains.
TRANMERE REGENT FRIENDLY SOCIETY.—This sociel
held their anniversary meeting yesterday, having been pO5
poned from Whit Monday, when it has usually been het'
in consequence of the immense number of persons wb
attended the celebrated Tranmere wakes. This club unril
bers about 400 strong, and on this occasion marche'
headed by the club regalia, through the principal street'
In the morning they attended divine service at St. Li'
therine's Church, where a suitable sermon was preached t
the Rev. Mr. Arthura. Ia the evening the members din'
together at the Queen's Arms, where an excellent ding'
was provided. The day's amusement concluded with
ball and other amusement..
CHAMBER OF COMMERCE.—The monthly meeting of ti
Council was held yesterday, Charles Holland, Esq pre
dent, in the chair. Reports on the following bills vie
brought up and adopted, viz :—The Judgements Exeeutio,
&c., Bill ; the Joint Stock Companies Bill, and the JO
Stock Companies ',Winding-up Amendment Bill. A et'
of the reports and resolutions on the Mercantile
Amendment Bill was ode Horst
M.P. Among the communications were letters front t
feede tod b
toe sent
the
Commercial to Mr.
Manchester Commercial A-sociation, on the proposed reg
tration of partnerships_rrerrr
Committee. From the Collector of Customs on thq P
submitted by him for the detection and check of frauds
merchants in the payment of duties ; the President
requested to confer with the collector thereon, the opiol
the theas rceuasodt f, o
m Commons
m announcingm revenueon s be
for thatse
n t
ht thee
up
paCommitteeyintuefavour
payment
o oft
1
of the Council being that receipts for duties being give
the Custom-house would be a more efficient means
preventing and discovering fraud. A letter from I
Foreign
the Bondholders on the Oriental Republic of Uruguay 1j
Osiffiontc
of
e House
claims due on the loan of 1845. It was ordered th°
in
adoption
petitionp ss
to h Office
w
of decimal currency.