The Northern Daily Times.
Liverpool, Merseyside, England, 1856-04-28 00:00:00

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tiTTA R DIA.NOVFICE, 11, FISHEEGAT

which would do something more than " represent

" victory and power." It would not only satisfy
moderation, but it would banish the grief and
fears of reason !
What the " leading journal" expects is, that
Lord CLARENDON will, when he ventures to bring
the Treaty of Peace before Parliament, " assume
" a triumphant tone;" to which it adds :
" We trust we will be able to state, in plain and
"unmistakeable language, that the objects of the
" war have been accomplished ; that the integrity
" and independence of the Turkish Empire, includ.
" ing the Principalities, have been guaranteed ;

that the Black Sea has been neutralized for the

" Commerce and Representatives of all nations ;
that its shores are to be dismantled of its remain-
' ing arsenals and military strongholds ; that the
" Danube has been opened ; and that the firman,
" conceding equal political rights to all subjects of
" the. Porte, has received a European sanction.
" These safe and moderate results may not satisfy
" all people." If these are the conditions we are
to obtain from Lord CLARENDON'S negociations,
what more can be desired ? But are those con-
ditions implied or expressed " in plain and unmis-
" takeable language "in the Paris treaty ? Turkey,
in consideration of having granted a certain
firman, which confers equal civil rights on her
subjects, without distinction of religion, "it is
" quite understood " shall not be interfered with
by any of the contracting Powers, " either collet-
" tively or separately, in the relations of his Ma-

" jesty the SULTAN with his subjects, or in the
" internal administration of his Empire. " What
guarantee is there in this paragraph of the future
independence of the SULTAN, beyond what is
described in the words, " quite understood? "
With regard to the Principalities, it is stipulated
that they shall "continue to enjoy under the
" Suzerainty of the Porte, and. Under the guarantee
"of the contracting Powers, the privileges and
" immunities of which they are in possession•
" No exclusive protection shall be exercised over
" them by any one of the guaranteeing Powers.
" There shall be no private right of interference
" with their internal efforts." Whilst article
twenty-three states, the " Sublime Porte engages to
" preserve to the aforesaid Principalities an inde-
, " pendent and national administration, as well as
full liberty of worship, legislation, commerce, and
" navigation." They are also to have an armed
national force organised to preserve internal tran-
quillity. and defend their frontiers. All this
appears straightforward enough ; but then it is
" quite understood" that a commission is to be
appointed by the European Commission, which is
to take the place of the Conference, "to enquire
"into the actual condition of the Principalities,
" and to propose the bases of their future organisa-
" tion," in conjunction with two divans, who are
to report the result to the Congress at Paris, who,
when they receive the final understanding of the
Suzerian Power, will cause it to be recorded, when
a hatti scheriff, conformable to the stipulations of
the convention, will be issued, and definitely con-
stitute the organisation of those provinces, which
will then, and not until then, be placed under
the collective guarantee of the contracting Powers !
Here we would ask, what has been done for the
present or future relief of these valuable countries ?
They are not even to be relieved of their Austrian
oppressions. Article thirty-one provides that the
French, Austrian, British, and Sardinian troops
shall evacuate the Turkish territories, under the
terms of the convention entered into by the
Porte and the Western Powers on the 12th of
March, 1851, as soon as possible after the ratifi-
cation of the present treaty.

All this, again, appears to b 3 exceedingly in-
telligible. But then the closing paragraph of this
very aqicle says :—" The time within which the

" evacuation is to be effected, and the means of
" exemtion, will be the subject of a convention between
" the Sublime Porte and the powers whose troops
"occupy the territories." Hence it will be seen
that the time and means for executing the Austrian
evacuation of the Principalities, is left to depend
on the amount of influence or intimidation
FRANCES JOSEPH can bring to b:ar on the SULTAN!
Lord CLARENDON will hardly assume a

Elye

.31/, U 1

PTTI filfits

triumphant tone

on this portion

MOND.

PIIIL 28, 1856

of his diplomatic labours. The noble
Earl thought it sufficient to restore Servia to
its former dependence on the SULTAN, in con-
formity with pre-existing treaties, and placing it
under the collective guarantee of the contracting
powers. Add to this, the injunction laid on the
SULTAN and the Czaft, not to construct nor preserve
any military-maritime arsenals on the coast of the
Black Sea, and we have the essence of one of the
most paltry State productions ever laid before an
enlightened people. As a concussion to the
political moderation of our times, it would e bbaso
flattery to call it delusion ; as a record of the
conciliatory feeling of the contracting parties, one
towards the other, more especially En gland, it would
be gross profanation of words to call it a mockery;
and, as the offspring of intrigue, it would be a
positive outrage it to common sense to hold up to
the world as a snare. A few school boys would
have shown more tact in pacifying an angry wasp's
nest; evacuating an orchard in the presence of
spiing-guns and man-traps ; and returning to
each nest in a rookery its lost eggs. It is well,
indeed, that we have the treaty of Vienna to fall
back upon. The object of that convention was
simply peace-at any price. And since the incom-
prehensible writing of 1856 has, to the amazement,

•ho the Paris Conference

has left nothing to boast of are very remarkable
and no less detestable. They would have the
public believe, that all who are not satisfied with
the treaty of peace were the advocates of war, for
endless political purposes, and, as a matter of
course, inimical to the cause of law and order !
Such imputations come with a very ill grace, after
the well-tried loyalty and patriotism of the people
without distinction of creed, politics, or station.
They are libels which Europe will know how to
value, and the people of these realms to despise.
The war was never popular. It was looked on as
necessary, and i:s policy, though absolutely
loathed by every honest Englishman, was tolerated,
as the million thought of nothing beyond the
justice of their cause and the honour of their
country. The Conference had scarcely a greater
monopoly of the nation's incredulity than the War
Ministers bad of its indifference. The most appal-
ing losses by land and sea—the worst plagues
of the most prodigal expenditure

of the country's substance to repair the havoc of
imbecility in the field and routine at home—were
not enough to call forth an expression of political
opinion, to say nothing of feeling, from those who
are flow told that they are disappointed at the

restor

of peace

as it will d

efeat their ulterior

no doubt, of its authors, brought us repose, let us
be satisfied, and endeavour to accomplish, by the

force of reason, that which the pen of diplomatists
cannot defeat, and the sword of the most immortal

It has always been, however, the peculiar

misfortune of innocence, to be made the victim of
sure due to the blackest knave or most

profligate sinner

Toasting the downfall of despotism is a fine old
Christian practice. Seeking the release of the
captive, and the social advancement and happiness
of mankind, are the long cherished duties of the
Englishman. Demanding the free 'navigation of

GoD's highways, be they rivers or seas, and eon•
tending for uninterrupted commercial intercourse
with all the peoples of the world, is the province of
the Statesman and Free Trader. If these be
national sins in the eyes of the London Times,
England must confess she is the worst of
heretical transgressors, and the most un-
relenting of profane idolators. Great Britain
does desire to see every nation on earth
in the full possession of those blessings of
Constitutional government which she herself
enjoys. She makes no disguise whatever of her
fervent prayers for the consummation of her
desires. She is breathless with anxiety for the
realisation of what sh,) ~:oneeives to be her sacred
But who ever said that she looked to
11 of her great moral
and religious ends? Who ever thought that the

mission

the sworci for the t

Russo-Turkish wa
civil and religiou3

alone flPPea

moral and pul

such Luea.ns.

in his irnaginat

from the deliberat

advaree the eatte of

London Times

inttnent as to

- • ,
s to be attained by

porary has conjured up

,tring of results arising

)f the Paris Conferences,

warrior could not vanquish

CABINET COUNCIL.—The council of Ministers summoned
on Friday, assembled on Saturday afternoon at the Foreign
Office. The time appointed was two o'clock, bat it was
half-past three ere the whole Cabinet were assembled. The
Prime Minister arrived at ten minutes to three o'clock, and
was followed by Sir George Grey, Mr. Labouchere, Mr.
Vernon Smith, the Chancellor of the Exchequer, Earl
Granville, the Marquis of Lansdowne, Sir Charles Wood,
Lord Panmure, and the rest of the Ministers.

THE PEACE RATTrcAtioxs.—The ratifications of the
treaty of peace will be exchanged at Paris today—just
four weeks after the treaty of peace was signed in that
city by the plenipotentiaries of the European States. On
to-morrow the ratified treaty will be received by our
Government, and orders will be immediately issued for the
proclamation of peace—the general thanksgiving—and
the no less general rejoicings, for which every preliminary
preparation has been already made. The grand pro-
clamation will be made by the Earl Marshall (the Duke
of Norfolk) in the leading public places, accompanied
by the heralds and attendants, with all due solem-
nity. The treaty, and all its adjuncts, will be duly
published, and communicated to both Houses of Parlia-
ment. The order for the proclamation of peace by the
E trl Marshall of England will be by sign manual of the
Queen. The day of thanksgiving Will be settled by the
Queen in Council. The general rejoicings will ba
arranged by the Secretary of State and the municipal
- ' ' The precedent of former days .c ill be
e cnserved on a
The ratified treaty will be rec

folio xed in the programme to I

occasion,

morrow, and all the customary proceedings will follow
in due course, and without,,any unnecessary delay.—

- _
Observer of yesterday.

TEE NORTHERN TIMES.-LIVRRPOOL, MONDAY, APRIL 28, 186 e

MONETARY AND COMMERCIAL.

FRANCE.

LIVERPOOL, SATURDAY EVENYNG

The sale' of Cotton to-day have been 7,000 bales,
of which 1,500 have been taken on speculation.
The market his been quiet, but prices continue
steady.

(FROM OUR OWN CORRESPONDENT.)
PARIS, FltIa1.11; EVENING

The Liverpool Share Market has been dull, and
very little business has been done. The closing
prices were as follows :—Nberdeen, 123;13. Chester
and Birkenhead, 151 151. Caledonian, 29 9.16
29 11-10. Chester anti Holyhead, 151- 16. Eastern
Counties, 91 91. East Lancashire. 191 191.
Great Northern, 23i 236. Ditto A, 9-1, 94. Great
Western, 611 62. Lancashire and Yorkshire Stock
87 871. Liverpool, Crosby, and Southport, 171 171.
London and North Western Stock, 991 100. Man-
chester, Sheffield, and Lincoln, 271 271. Ditto
Pref., llt 12. Ditto New 6 per cenC Pref.,
Midland Stock. 731 731 North British, 81
North Staffordshire, 6 51-d. South Eastern,
211 21 8-16. York, Newcastle, 'and Berwiek,
19 1-16 19 3-16. York and North Midland, 27,1-
271. Leeds Capital Stock, 151, 151. Buffalo and
Lake Huron, 11 lip. Dutch Rhenish 11 lip.
Great Western of Canada, 2.51. 25a. Ditto
New Shares, 21 3p. Ditto 2nd issue, 2 15-16 3p.
Great Luxembour,, 71- nd.
The Liverpool Wool Sales, which commenced on
the 22nd, terminated to-clay, and the result is
reported in the circular of Messrs. A. Gartside and
Co., as follows:

A rigorous investigation is decidedly being made
by the government, to discover how the treaty of
peace found its way to the Belgian and English
newspapers, and it declares that it will hEive thii
parties who gave it up, and received it, severely

punished. It is probabld, however. as generally
happens in such matters, there will be a good deal
of fuss and nothing done. O►z dit that the price
paid for the treaty by one of the newspapers was
somewhere about 401. It is expected that the
Moniteur will say something about the affair to-
morrow or next day. In obedience to orders from
the government, not one .of the Paris pipers has
ventured to reprint the treaty.

The attendance of buyors for home consumption was

large, and they bought freely and with spirit. Ex-
porters were less numerous than of late, and their ope-
rations were limited and cautious. The general result of
the sales is satisfactory, and a slight advance uoon January
rates has been obtained. In our sale of to-day the highest
prices of the year were obtained for particular lots of
three leading kinds, viz., East India 14/1, Peruvian 201,1,
and Egyptian 15.14. The following are particulars of the
whole quantity offered :-7,700 bales East India. all sold.
and reulised 12d to 1411 fine white, 74d to 1144 coarse
to middling do., 10/d to 1114 fine yellow, 60 to 941
coarse to middling do., 5d to 6cl unwashed do., 8J
to 9id fine coloured, 2d to 4d refuse and burry ;
Persian, 120 to 131 d white, 91d to 11 d yellow, 9d to
11d coloured; native, 54 to 64 white, 44d to 54 black.
31d to 4d grey. 33 Australian 1741. to 271 d. 345
Portugal. Oporto fleece 134 d, lamb and yellow 101 to 104 d.
refuse 2i; Frontier It 17d ; Alentijo It 15d, F.S.A. 120
to 134, unwashed 50 to 7d. 148 Egyptian, white fleece
124 to 13d, second and yellow 91 to 1144, coloured 9#d
to 100. 1.563 Arequipa, skin 113 d, fair fleece 144 to 1414,
Merino 20d to 2044, unwashed 104. 115 Sfax. ordinary
white 124, inferior do. and coloured sid to 91d. 129
Barbary, part sold at 411 to 74. 52 Cordova, part sold
at 94 to 914. 87 Buenos Ayres, Mestizo. 154 to 1744,
coarse 614 to 714. 113 white Crimea 61d. 1,773 bales
Turkey, Smyrna, Donskoi, Chili, Scotch, &c., were
chiefly withdrawn. 12,058 bales total. By private con-
tract during the last few weeks the market has been very
active, and the limited imports have met with ready sale,
at an average advance of five per cent and upwards.
English, Scotch, and Irish have participated in the
improvement, and the lightness of stocks throughout the
kingdom encourages holders to be firm in their expecta-
tions.

The Beemah has arrived here to-day from
Melbourne, with dates to the Ist February, and
25,698 ounces of gold, valued at about £102,792
sterling. The commercial accounts, which we
publish at great length in another column, are
highly satisfactory. The other arrivals- of specie
this week have been £207,276 in gold. per Angle-
sey, from Melbourne ; 201,943 S and £3OO in specie,
per Canada ; and 4 8544 per Atlantic
from New York ; £3,415 from the Penin-
sula; ; and £20,000 in silver from Antwerp. The
report which was published by some of our co-
tcmporarics, that the amount of gold brought by
the Atlantic wis 500,000 dollars was incorrect, the
amount being nearly 5,000 dollars as stated above,
and reported by us at the time of the arrival The
exports of specie during the week were by the
Indus, for Alexandria and the East Indies,
356,5741., of which 5,2001. was in gold, and the
remainder silver. divided as follows :—Gold to
Alexandria 2.5001., and Ceylon 2.700/. ; silver to
Bombay 209,9931. ; Madras 14,8751., and Calcutta
26.4861.

I am told that the formal exchange of the rati-
fications of the treaty will take place on Monday.

The following is the Offi,tial Return of the
Exports of the Precious Metals from the port of
London for the week ending 18th April:—Gold
Coin to Hamburg, 4 115 ounces ; Gold Coin to
Havre, 6131. ; Silver Coin to Hamburg. 700 ounces.
In the Mincing-lane markets this week, there has
been less activity, partly owing, -to the absence of
any public sales on Wednesday, in consequence of
the naval review. The prices, however, have been
well maintained, and Sugar has been in good
demand, at an advance of 6d per cwt. At the end
of last week the stock in London was 49,865
against 50,217 tons at the corresponding period of
last year. For coffee there has been a steady
de•nend, and at previous prices a moderate busi-
ness has been done. Cocoa has ruled quiet, and
Rice has been neglected. Saltpetre remains dull,
and prices are is per cwt. lower than they were a
forl night since. There has been a good demand
for Rum, and full rates have been realised. Tea
is heavy, and Spices have been actively dealt in.
There has been a good enquiry for Cotton, and
Tallow has attracted very few purchasers.
The following are the Gazette average prices of
Muscovado Sugar. for the week ending April 22nd,
1856. exclusive of Custom's duties payable thereon,
on the importation thereof into Great Britain :
From the West Indies, 26s 4,1 per cwt ; Mauritius,
20s per cwt ; East Indies, 27s 101-d ; average price
of the three foregoing discriptions, 27s 41.

The grave affair of the Transatlantic lines of
steamers will, I hear, probably be decided before
the end of the month. There are now only two
companies in presence—Messrs. Rothschild and
the Messaszeries Imperiales. The establishment of
lines of French steamers, communicating directly
and regularly with America, must needs diminish,
in some respects, the cargoes and number of
passengers of the Liverpool steamers.
The government papers sent reporters to the
naval review, and published long reports from•
them about it. The anti-governmental papers,
except the Presse, says scarcely anything 'on the
subject.

We quote the following review of the London
Stock and Share Market for the week, from the
circular of Mr. W. Avens

There is a talk of the legislative body being
prorogued for a month or a fortnight, partly to
be present at the baptism of the Imperial Prince,
partly to give it time to examine a number of
,new
bills that have been sent up to it. As its mem-
bers are paid by the month, they receive the idea
of prorogation with great pleasure.
The approaching retirement of Lord Cowley, our
Ambassador. which I mentioned some time ago
as probable, has given rise to speculations as to,
his successor. Amongst the persons named as
likely to be his successors, are Sir H. Bulwer, Sir
E. Lyons, and Earl Stanhope.
The Constitutionnel denies that, as stated in certain
Madrid papers, the Emperor specially invited Gen.
Narvaez to the review in honour of peace, and even
senthim a horse. The object of this denial is of course
to show to the Moderados of Madrid that Narvaez
is not in such a high favour in Paris as they take
pleasure in supposing, and that the French
Emperor and his government ara not so hostile to
Espartero and O'Donnell as some recent circum-
stances have caused to be believed.

The money market has been comparatively easy. The
commercial demand, which is at present confined to the
Lombard-street houses, has been very considerable ; but
the increased confidence in the soundness of all branches
of trade, and the disposition of the public to place their
reserves with the banks and brokers for the sake of the
high rate of interest allowed for limited periods, have pro-
duced supplies considerably beyond the demand. At the

same time the general rate of discount, upon unexcep•
tionable paper has been about one-half per cent. under
the bank minimum—a difference quite certain to attract
nearly the whole of this class of business into Lombard-
street. The bank, however, has not been in a condition
.!-0 lower its rates to enable it to compete for
discounts, owing to the reduced amount of its reserve,
which. notwithstanding current repayments, was but only
4.573,577/. last week, and is 2273-0/. less in the present.
Tie Lombard-street Houses have. therefore, the safest
and most profitable class of discount business solely in
their own hands ; but they are dealing liberally, and their
assistance during the last week has been most useful to

.oral commerce. The main pressure on the bank has
arisen from applications for advances to pay the final
instalments due on Thursday, upon the loan and Ex-
cht-quer 811 funding. This pressure was also felt on the
Stock Exchange, where they have averaged fully 7 per
trot. Business on the Stock Exchange in all deseiptions
of securities has been upon the most limited scale. The
state of the Money Market prevents operations being
undertaaen of any great magnitude • while many of the
dealers and others have been absent from town, attending
the Naval Review, and there have been apprehensions of
a new loan of 10,000,0001., with a funding of
b,000,0001. Exchequer Bills. Under these circum-
stances prices generally have declined since
this day week. Consols, which were 9111 to
last Saturday, have been at 931 to 4 ; bat last
night they declined to 921 to 3 from the abollicauscs.
The market is now no longer likely to be affected by poli-
tical news; it will chiefly be regulated by the demand for
and the value of money. Consols are still considered to
be at an extreme quotation in relation to the value of
money. Foreign Securities have been dealt in to a very
limited extent, and they are generally lower. Railway
Stocks have all declined since our last, in some instances
more than 21. per cent., and there have been but few trans-
actions. Except in one or two lines the traffic returns
are not very favourable, although the prospects are pro-
mising ; the decline, however, can only be assigned to two
causes, the absence of active business, and the commercial
competition for money. Joint Stock Banks and miscella-
neous descriptions are nearly all lower.
To-rlaY there has been a considerable pressure
for money, and somewhat less ease in the com-
mercial market, though the banks and brokers
are well supplied. The anticipation of a new loan
is gradually increasing the existing tightness;
though for all legitimate and bona fide oljects there
is no difficulty in obtaining advance,:. It is reported
that the new loan will be announced on Monday or
Tuesday ; and that the payment of instalments.
will be extended over the remaining threi.,, quarters
of the financial year. It is apprehended that if
consols fall much below 92, the government will
be disposed to negotiate the loan in some other
securities than consols. Owing to the expectation
of a new loan, a considerable amount of specula-
tive business has been done to-day upon
the Stock Exchange. Consols opened at 92a to
for the Account. Upon a number of speculative
sales they declined to 92i to I, but subsequently
the market becajne firm, and there was a recovery
to 92.;, to I, hut it was not rnaiutuieed, and they
finally left off at 92 716 to 9-16 pretty firm. Rail-
way Stocks declined dining the early part of the
day. Most of the heavy stocks were fully 1 per
cent lower than yesterday; hut before the close a
slight reactieri act in, averaging *per cent, and the

market remained steady

The mother of the Empress, Countess de
Montijo, and her brother-in-law and sister, the
Duke and Duchess de Alba; leave this city to
morrow for Madrid.

A Berlin despatch says that the Prussian ratifi-
cation of peace was sent off on Thursday. A
private letter from the same city mentions an on
dit, that the Emperor Alexander is to go there in
the course of the summer, to have an interview with
the Emperor Napoleon.
Russian letters say that the coronation of the
Czar will take place, at Moscow, on the .11th Sep-
tember.