The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-11 00:00:00

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NORTHERN DAILY TIMES OFFICE,
19, South John Street.

E4e If Tian

SATURDAY, OCTOBER IL 1856.
•
THE DAY'S NEWS.

In another part of this day's NORTHERN TIMES
we have given an epitomised account of the vacan-
cies and probable returns in the several Wards of
the Borough on the the Ist proximo. Already
there are symptoms of contests, several of which
will, no doubt, be keen and spirted. As remarked in
another place, the retiring member in Pitt-
street Ward is Mr. W. R. Jeffrey A few

evenings ago, a considerable majority of the
Electors of the Ward met at the Vine Hotel,
Pitt-street, and presented Mr. Jeffrey with a
requisition, requesting the continuance of his
services. He has represented Pitt-street Ward
since 1850— six years—prior to which he served the
usual term as overseer of the parish. Although we
may not agree with the political opinions of Mr.
Jeffrey, it is but justice to say that he is a gentleman
possessed of much aptitude for business, and con-
stant in his attendance on Committees. The fact
of a majority of the Electors of the Ward, composed
of all shades of political and religious opinions,
nominating Mr, Jeffrey for the third time, is satis-
factory evidence that they approve of his public
conduct, and appreciate his services as their
representative in the Town Council. At a late
hour last night, we learned that the Electors of
Lime-street Ward hare agreed to a requisition,
calling on Mr. J. R. Jeffery to become
candidate for the representation of that ward, with
the view of unseating the present member, Mr. J.
B Lloyd. From what we learn, the contest in this
ward will be close and severe. We forbear, for a
day or two, to give currency to the many rumours
which have reached us on these matters, until the
Ward Meetings, which will no doubt commence
next week.

Our London advices of last evening inform us
that Robson, the Crystal Palace defalcator, had
been arrested. It appears that he had reached
Copenhagen, but not having had the precaution to
take out a passport, the police constable on his
track watched his movements, and the Danish
authorities having ordered him to quit the terri-
tory, he was pounced upon the moment he became
amenable to British justice. Robson was brought
up before the Police Magistrate at Bow. street,
yesterday, and, after some formal evidence, was
remanded for a week. The fact of his arrest caused
no small sensation in the metropolis.
The Municipal Revision terminated yesterday.
From a report which appears in another column,
the Tory party have been at their old work of
annoying and inconveniencing the Liberal electors.
The case of Mr. Edward Willmer, of Church-street,
demonstrates the extreme length to which the
clique, yclept the " Constitutional Association,"
will go to serve their bigoted party purposes.
We yesterday alluded to some annoyances to
which publicans are subjected, We would now call
attention to another of greater magnitude,
inflicting more serious, because unreasonable, in-
convenience. The injustice of the present billeting
system is now generally known and almost univer-
sally acknowledged. How often is the home of
many a well-regulated family invaded by the
presence of a debauched infantry man, a swearing
dragoon, or a drunken trooper—men who alike
offend all sense of modesty, morals, and religion ?
But this is not all. The Licensed Victuallers
are subject to still greater annoyance. No
matter at what hour a regiment, or part
of a regiment, may arrive—whether at early
morn or dewy eve ; nay, more, when it is at that
peculiar hour, when " the early village cock hath
thrice done salutation to the morn ; " or whether
it is a more seasonable, period, the licensed
victualler must be up and entertain his military
intruders. The whole system of billeting soldiers
requires revision, and we hope that the next session
of Parliament will not be allowed to pass until its
glaring defects and inconsistencies are either
totally abolished, or reformed in such a way as
not to oppress a class of tradesmen who, generally
speaking, are already overtaxed.
Our Paris letter, inserted in another column,
contains all the latest news of the day from that
quarter.

- From Naples we learn that the political trials,
which have been going on for some time past, are
concluded, and the following sentences delivered :
Mignonna has been condemned to banishment for
life, Mauro Dangelis for twelve years, and the
priest Decicco for two years. The monk Roggero
and another have been set liberty. The King and
the Duke de Calabria had arrived from Gaeta on
the 30th ult. General Martini has been received
by the King, and at the conclusion of the con-
ference a Council of Ministers assembled.
Letters from Vienna represent the King of
Naples as apparently inflexible, but ready to take
any indirect way to satisfy the demands of the
Western Powers, so that it should seem that the
concession was not the result of any foreign

NORTHERN

by a royal decree, published in the Gazette, M.
Tassara is named Spanish Ambassador at Wash-
ington. Preparations are commenced for sending
to Africa next spring a considerable amount of
military and naval forces. There is not a single
line of political interest in the Madrid journals of
the sth. The Austrian Ambassador, M. Crivelli,
had arrived in Madrid ; the Infanta Dona
Josefa and her husband, M. Guell y Reorte, had
left for San Sebastian; and the Espana says that
Queen Christina intends to pass some time at
Rome, in order to be near her daughter, the Prin_
cess de Drago, in her approaching aceouchement.
In our impression of yesterday week we gave full
particulars of the inundation of the Bryn Mally
coal mines, by which fifteen lives were lost. Since
that time strenuous efforts have been made to
pump the mine sufficiently dry to recover the
bodies of the miners missing ; but although
36 cwt of water a minute has been thus dis-
charged from the mine, fully 20 feet yet remains in
it, and none of the bodies have been recovered.
On Wednesday, another life was sacrificed. One
of two men, who descended the shaft, was thrown
against a tram, and instantly killed.

THE breaking up of Bullionism in France, ought
to serve as a salutary warning to this country and
the rest of Europe. The United States would do
well also to take heed of the great share--I pro-
mise to pay gold on demand. The idea is perfectly
preposterous in old countries eaten up by State
taxation, population, and local rapacity ; and it is
no less so in young nations, where every sixpence
is required in active circulation to carry on the
development of their resources. The " scarcest
" commodity" is certainly not the best of all foreign
articles even, which could have been hit upon for
such purposes. The currency of every people must

be representative. It must represent some•
thing immoveable—something without which
no nation can exist, and which would im-
prove in value according to the amount of
labour, skill, and reproductiveness given to it.
With such a basis for a circulation, we should have
something that was always increasing in value
with population and taxation ; and the public
confidence in money, which represented fairly this
ever-accumulating source of wealth, could not be
shaken by any drain or incidental derangement of
the bullion of commerce and the balances of trade.
We should have no panics if we had a governable
or fixed basis for our issues ; and that an
enlightened people like the French should risk
their lives and the peace of their country on a
foreign commodity which they oannot control, is

Debit.
Proprietors' ea-

pital
Rest
Public deposits
Other

Seven day, and
other bills. ,

£24,701,745 1

£37,379,844

TINIES.:-.LIVERPOOL, SATURDAY.

MONETARY AND COMMERCIAL

LIVERPOOL, FRIDAY rVENING.
In taking a weekly retrospect of the Liverpool
Cotton Market, we have to remark that, under the
influence of the first advance declared by the
Bank of England in the rate of discount, our
market on Friday last closed quietly, but yet
steadily, holders deriving confidence from the un-
favourable accounts of the growing crops received
from America in the early part of the week. On
Saturday, however, about mid-day, when a week's
later intelligence, quite confirmatory of the pre-
ceding accounts, was received by the Arabia, an ani-
mated demand again sprang up, in which all classes
of buyers freely participated, and at prices rather
above those previously current. Equal confidence
and activity were experienced during the early
part of Monday, but so soon as it became known
that the Bank of England had further raised the
rate of discount from 5 to 6 and 7 per cent., the
market again suddenly collapsed, the demand
falling oft' to the immediate requirements of the
trade, and prices sinking to the level of Friday's
quotations. This subdued tone continued to
prevail till yesterday morning, when the current of
feeling again changed, on receipt per steamer
Atlantic, of three days' later accounts from the
States, which, besides confirming previous reports
of the backward state of the crop and
the general ungenial character of the season,
advised the occurrence, on the 23rd ultimo,
of a white frost extending over a lar,te

sectina of the planting districts, and which
having increased the anxiety before felt as to the
extent of the yield, had caused a further advance
of cent in prices. The sales of the day were
consequently very large—probably 15,000 bales—
and sellers were very generally enabled to com-
mand again the extreme rates of Monday. This
renewed confidence has again prevailed to-day.
the sales being estimatei at 15,000 bales, 5,000 of
which have been taken for speculation and export,
and the prices of the most current qualities of
American descriptions having ruled for the most
part 8d per pound above those of Friday last, with
full rates for all other kinds, and at which, it may
be especially observed, Surats have been more
saleable than hitherto during the week. The
business of the week amounts to 63,730 bales,
40,150 of which have been taken by the trade,
13,010 for speculation, and 10,570 for export. The
Committee's quotations to-day for fair Cotton are
the same as last week, viz. :—Bowed, 61d ;
Mobile, 6/d ; and Orleans, 74d per lb.
Our Share Market to-day opened with a steady
and rather better feeling, but towards the close
of business, there was a considerable amount of
dullness, and prices had a lower tendency. The
sales reported included—Blackburn, at 8; Cale-
donian, 27k; Eastern Counties, 9 8 15-16; Lanca-
shire and Yorkshire, 948, k, 2.; London and
North Western, 101, 1001 7-7, 4 ; Midland, 76k, 76.
762; South Eastern, 201 , ; Grand Trunk of
Canada, 118 ; Great Western of Canada, 22, 1/, 2 ;
The following were the closing rates quoted :
—Aberdeen, 131 131 Chester and Birkenhead,
15k 15k. Caledonian, 27 xd 27k. Chester and Holy-
head, 158 188. Eastern Counties, 8;,-' 9. East
Lancashire, 19/ 20. Great Northern, 2311235. Do. A,
10 101. Great Western, 641 642. Lancashire and
Yorkshire Stock, 9411 944. Liverpool, Crosby, and
• Southport, 184 184. London and North Western
Stock, 1001 100 k. Manchester, Sheffield, and Lin-
coln, 313 32. Midland Stock, 753; 75/. North British,
8 15-169. North Staffordshire, 54 5-34. South Eastern
and Dover, 20 7-16 20 9-16. York, Newcastle, and
Berwick, 194 20. York and North Midland, 271- 27k.
Leeds Capital Stock, 171 171. Buffalo and Lake
Huron,k Id. Dutch Rhenish, 1316 15-16 p. Great
Western of Canada, 21/ xd 22. Do. new shares,
Ixd lip. Great Luxembourg, 11,1118 d.
There is not any change in the Money Market,
although the demand has rather subsided. The
market for public securities is, if anything, firmer.
We borrow from one of last evening's London papers
the following :—" Increased firmness is apparent in
the English Stock Market, but there appears to
some a struggle between the investors and the time
dealers. The former avail themselves of the low
value of the Funds, and purchase largely, being of
opinion that any further decline is improbable. The
speculators, on the other hand, are disposed to sell,
in the expectation of a continuance of the crisis at
Paris, and consequent depression here. The market
at the present moment seems steady, and the
Bank of France return has not affected the
prices. It is true there is a decline of about
70,000,000 f. in the bullion, but it appears to have
been used in trade, as the bills under discount have
increased to nearly a corresponding amount.
Continued purchases of gold, however, have
evidently been made, and the next return will
Probably show a more unfavourable change in
this and other items. Consols are 914 911 for
Money, and 92 921 for the Account."

The Railway Share Market opened with a
buoyant tone, and prices are, if anything, a little
better than yesterday. London and North Western,
101 1011. Great Western, 644 642. Eastern
Counties, 81 9. Caledonian, 54 544. Lancashire
and Yorkshire, 944 94i. Midland, 75,4 71. North
British, 37 38. North Eastern, Berwick. 781 794.
Riga, I I," prem. Eastern Bengal, prem.
The Directors of the Eastern Bengal Railway
Company have issued a circular to the share-
holders, making them acquainted with the pre-
liminary steps already taken, from which it
appears that, in order to comply with the arrange-
ment of the directors of the East India Company
before they sanction the guarantee, the board has
despatched Mr. Purdon, an engineer recommended
by Mr. Brunel, to execute the preliminary surveys.
Small parcels of P.Y.C. Tallow have been sold
at 53s to 53s 6d per cwt, and South American at
52s 6d to 54s per cwt. Notwithstanding that 9,000
cks have arrived in London, the immense deliveries
have caused holders to be very firm, and higher prices have been realised in all positions, the clos-
ing rates last night were 52s per cwt spot, 51s 6d
all the year, and 51s 9d per cwt for the spring.
The half week delivery is 1,948 cks against 2,191
cks in 1855, and the stock on the 6th instant were
7,963 cks against 26,476 cks last year.
The Breadstuffs trade may lie thus noticed :
Wheat has commanded a ready sale during the
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Indian
odtreis3na hlnt a
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oar
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Flour
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consumptive enquiry, and quotations remain as on
Friday last. New Oats and Oatmeal are each the
turn lower; old unchanged. Egyptian Beans
have advanced is per quarter, with few offering.
The Beef Trade have supplied themselves to a
moderate extent at the prices previously current.
Buyers of Pork have been holding off pending the
Government sales, the result at first of which has
strengthened the market. Nothing of any import-
ance has been done in Bacon. Of 800 boxes of
Cheese offered by auction in the early part of the
week, 500 sold at 51s 6d to 555, and a few choice
dairies realised 57s 6cl to 59s per cwt. No sales
reported in Lard, and prices nominally unchanged.
During the past week our Colonial Produce
Markets, notwithstanding the advance in the rate
of discount, have been very steady. The enquiry
for sugar has been good, and full prices were paid.
Sales in coffee to a fair extent have been effected.
Both speculators and the trade have operated in
Tea ; the market is quiet, but prices are full. For
dyewoods there is a moderate demand. In naval
s tores the enquiry is steady. All descriptions of
oils bring late rates.

Berlin
Vienna
Trieste

Patel sburg
M d rid ...

Barcelona
Seville ..

coinage

BANK OF ENGLAND RETURNS.
An Account, pursuant to the Act 7th and Bth Victoria, cap:
32, for the Week ending Oct, 4.. 1856,

ISSUE DEPARTMENT.
Debit. Credit.
Notes issued .. £24,701,745 Government
Debt
Other securities 3,459,900
Gold Coin and
Bullion

10,226,745

Total .. .. X 24,701,745

BANKING DBPARTMFNT.
Credit.
Government se-
X 14,553,000 curities £11,464,278
3,785,488 Other securities 21,582,464
7,759,499 Notes ........ 3,775,590
10,323,552 Gold and silver
coin
958,305

557,512

Total .... £37,379,844

The Moniteur, of to•day, publishes the monthly
returns of the Bank of France to Thursday, Oct.

O. We give the most important items, with the
corresponding figures of last month, en regard:—
Oct. Sept.
Coin and bullion, Paris
Ditto dit.o branch banks 89,407,036 .. 122,676,090
Bills discounted, Paris
Ditto branch banks .... - .... 239,623.602 .. 217,308,498
Notes in circulation in Paris... 551,975,100 .. 553,502,200
Ditto branch banks .... ..... 69,120,700 ... 77,024,400
Treasury deposits
Private deposits, Paris
Ditto branch banks.
Advanced on public securities 76,027,936 .. 78,420,336
Ditto by branch banks...... . . 11,914,950 . 11,876,100
Advanced on railway securities 38,060,000 . , 38,273,100
Ditto by branch banks ........ 17,211,100 .. 17,180,900

COURSE OF EXCHANGE.—Tars DAY
Amsterdam 11 16 !Gibraltar

Ditto, three months
Rotterdam.... ......
Antwerp
Brussels
Hamburg
•
Altona ..
Paris

11 IS4eghorn

11 18i1Genoa

25 42,1151i1au

25 423 Venice .
13 83 Naples
Palermo

25 30 !Messina

.
25 824

132 k
134 k

Ditto, three months .. 25 80 Lisbon .......
Marseilles . • . . 25 85 Oporto .
Bordeaux
Frankfort-on-Maine .... 119 Buenos Ayres .....
New York, 60 days' sight
10 49
,Philadelphia

10 50 I r ruclui OF BULLION, PER OZ,
17/ (Foreign Gold, in Bars ..WO 0 0

tug-al Gold Coin

50 111 exican Dollars 0 0 0
New Dollars ..
Silver, in Bars .. 0 5 2

FRAN C E .

(FROM OUR OWN CORRESPONDENT.)

PARIS, THURSDAY EVENING

If we can believe Le Nord, the Russian organ
at Brussels, the Austrian Government has presented
a very amicable but very pressing note to France,
praying her not to follow England in making a
naval demonstration against Naples. Whether
this be true or not, I am not in a condition to
state, but I know that General Ginlay, the Austrian
Governor of Lombardy, is now in this city, and
that it is said that he is charged with some
mission, perhaps it is to present the
note in question. At all events, we may
be certain that the general will not fail to
employ all the efforts in his power to induce
France to separate from England on the Nea-
p olitan question. On the other hand, a Vienna
despatch, received to-day, announces that, accord
ing to the Gazette of that city, not the official
journal, the King of Naples has written private
letters to Queen Victoria, and the French Em-
peror, stating that he is willing to participate in
the expected Conferences at Paris, in order
to communicate an amnesty, and organise
reforms he has the intention to accord. If
this be true, the Neapolitan question is, of course,
at an end ; but it does not appear true. In
connection with this everlasting Neapolitan ques-
tion, I must state that, so far from its being likely
that France will leave England in it, she will—in
the event of the King not giving way—certainly re-
call her Ambassador, if she does not send her fleet
to Naples. It is worthy of remark, that the semi-
official Constitutionnel, which was long silent on
that country, has lately begun to publish letters, in
which it is represented to be in a deplorable
state.

A Naples despatch, of the 4th, says that the
political trials in that city has ended in the con-
demnation of Mignonna to exile for life, Dangelis to
twelve, and Decicco to two years exile. The others
accused have been set at liberty. These sentences
are lighter than had been expected.
I am told that Russia has once again offered
to give up the Isle of Serpents provided that
she will be allowed to keep B olgrad, but
that the Allies insist on having both. There
is, it is said, no immediate prospect of an under-
standing being come to in the matter, and if both
sides should persist in their pretensions, un-
pleasent consequences will ensue.
The Government, says the Moniteur, has deter-
mined on prosecuting with all the rigour of the
law the persons guilty of melting down the silver

The official journal announces that the Emperor
of Morocco has paid an indemnity of 35,000 fr. to
the owners of a French merchant ship which had
been attacked by the piratas of the Riff, and it
says that this is the first time he ever did so.
On dit, that the friendship between M. Girardin,
the well known editor of the Presse, and the
Prince Napoleon, has cooled down very con-
siderably. What is certain is, that the Emperor
and the Prince's family have long desired to see it
put an end to, on account of the socialist opinions
of that celebrated journalist.
The Bourse has again slightly improved to-day.
General Benkendorff, the Russian envoy, who is
charged to carry an autograph letter from the Czar
to the Queen of Spain, and who has been stopping
here for some days, has left for Madrid.

BRAZILIAN MAIL.

(FROM OUR SPECIAL CORRESPONDENT.)

SOUTHAMPTON, FRIDAY NIGHT,

The Royal Mail Steam-ship Tyne, with the Bra-
zilian and River Plate mails, has just arrived. She
brings 64 passengers, and diamonds and pearls to
the value of £30,000, and the under-mentioned
dates :—Buenos Ayres, Sept. 3 ; Monte Video,
Sept. 4; Rio Janeiro, Sept. 14; Bahia, Sept. 18;
Pernambuco, Sept. 20 ; and St. Vincent, Sept. 28.
The news from the South American provinces is
devoid of interest. At Rio Janeiro the several
branches of trade were active. Exchange was
quoted at 271 d. The business was limited at
declining rates. At Bahia and Pernambuco,
there was little doing in produce. Freights to
Liverpool were quoted at 30s. per ton. The
intelligence from Vincent is of the most heart-
rending character. The cholera, in fifteen days, had
carried off 640 souls, out of a population of 1,200.
Trade was abarpliined, and the city completely
decimated.