The Northern Daily Times.
Liverpool, Merseyside, England, 1856-04-25 00:00:00

MONETARY AND COMMERCIAL.

of diplomacy, but each conjunctive section is a
defeat, or a delay of the behests of civilsatiOn.
LIVERPOOL, THURSDAY EVENING.
Everything that the Allies could demand, and There has been less buoyancy in the Cotton HOTJSE OF LORDS.—THURSDAY.
Europe has been led to expect, is conceded with Market to-day, but with a fair enquiry a good The Lord CHANCELLOR took his seat en the woolsack
a degree of freedom which could hardly be sur- busioess has been done, the sales amounting to about five o'clock.
passed, but when we come to the pithy sentences 10,000 bales, of which 3,000 were taken for specu-
which embody the critical interpretations of the lbation and export. Holders offer rather freely,
but
The
rices continue steady.
concessions meant to be made to Turkey and the Liverpool Share Market has been quiet, but
Western Powers, we find them wholly nullified opened steady, and prices continued to be sup-
in elucidation, or left to future commissions to ported until late in the day, when they became
decide. If these diplomatic quibbles were con- rather easier, closing as follows :—Aberdeen, 124
fined to the sapless political questions involved in 131.3 C
0 3olit . Chester and Birkenhead,
erandllotvelas 1
di 11561.
6,Caledonian,aster
Eastern
the negociations of peace, they would not be worth Counties, 10 101. East Lancashire. . 191 191.
even a passing notice ; but where they are directed Great Northern, 231 231. Ditto A, 91 98. Great
against the 'commercial and material interests of Western, 62 621. Lancashire and Yorkshire, Stock,
aLn idv eNr po or
North
, C reos st be
ryn, asnt
ed
eSk o ili
(Idol olro ti
.1711-v
El
a7n1...
regarded as so nauch claptrap ; and while we
Western Europe generally, the treaty can only be
BLBlBdBoln.
Chester. Sheffield, and Lincoln, 283 288 Ditto
content ourselves with the stop it has put to the Pref., 111 12. Ditto New 6 per cent. Pref., 1 ip.
effusion of blood, prepare for a return to a Midland Stock, 74 74.3 North British, 8 9-16
of things precisely similar to that which 8 (1-16. North SI affordshire, 6 51d. South Eastern
existed before a life was sacrificed or a shilling aln,d9-161 yYoorrkk, NanedwcNasetrltei; aAnididßlaenr
dwiek2B,
281. Leeds Capital Stock, 15.1 15a. Buffalo and
Lake Huron, 11 2p. Dutch Rhenish 1 7-16 11p.
Great Western of Canada, 261 263. Ditto
New Shares, 33 31p. Ditto 2nd issue, 31 31p.
Great Luxembourg, 78 7d.
The amount of business done in the Manchester
Goods Market has again been restricted in conse-
quence of the advance in price demanded for both
goods and yarns.
Letters from Berlin mention that the measures
recommended by the committee of the Chamber
of Deputies relative to the application of the
extraordinary credit voted by the Assembly for
military purposes no longer required, has been
adopted. This measure authorises the Minister
of Public Works to employ the sum of 14,000,000
thalers for the purpose of constructing a line of
railway from Saarbrugge to Luxemburg ; and
should it not suffice to finish the railway, that the
house will have recourse to voting a new loan for
that purpose.
The Debuts offers a table of the respective posi-
tions of the Banks of France and England from
the 10th of April to the 29th of March, 1856
The figures are expressed in francs and in units of
millions :

31ARRIAGE I AILS
Lord BROUGHAM presented a petition from 40 magis-
trates of Cumberland, complaining of the evil conse-
quences arising from the conflict of the English and
Scotch marriage laws, and called attention to a bill in-
troduced by him in 1835, to remedy the evil.
Lord CAMPBELL and Earl MINT expressed their dis-
approval of the present state of the law.
The Earl of ABBRDEEN said, he had opposed the bill
formerly introduced by Lord Brougham, and would
oppose again any similar measure.

STATE OF ITALY.
Lord LYNDHURST gave notice that on a future day he
would bring under the consideration of the House the
state of Italy, and the continued military occupation by
Austria of extensive portions of that country beyond her
own limits, thereby creating great dissatisfaction, and
disturbing the political equilibrium, and endangering
the peace of Europe.

FALL OF KARS.
The Earl of MALMESEURY gave notice that he would
bring forward his motion with respect to the fall of Kars
on I, riday week.

spent in war!

Article eleven commences with an admirably
selected catch-line :—" THE BLACK SEA IS NEUTRAL'
ISED " Oh ! joyful tidings ! " Open to the mercan-
tile marine of all nations, its waters and ports
are formally and in perpetuity interdicted to
flags of war, whether belonging to the bordering
or to any other

THE NAVAL REVIEW

Several noble lords complained of the difficulties to
which they were subjected, owing to the bai arrarge-
went made for their journies to and from Southampton
and at the naval review.

"Powers (puissances rzverauu
power, save and except the exceptions
" tioned in articles 14 and 19 of the present
" treaty." This is not enough Article
twelve declares that, freed from all im-
" pediments trade in the ports and waters of the
" Black Sea, shall only be subjected to regulations
" of health, customs, and police, conceived in a
" spirit favourable to the development of corn-
" mercial transactions." If sections 14 and 19
contain nothing at variacce with the spirit and
letter of article eleven, the world's industry may
revel in a seven days' jubilee, without bestowing a
thought on the cost. Happily the fourteenth
paragraph does not disclose anything of a serious
nature beyond the intimation that their Majesties,
the Emperor of Russia and the Sultan, in antici-
pation of the conditions expressed in article nine,
" have entered into a convention for the purpose of
" determining the force and Plumber of light
" vessels necessary for the service of their coasts
" which they reserve to themselves the right of
" keeping up in the Black Sea.' But the

ASSETS.

France. England
268 261

nineteenth clause carries us back to all " the
" principles hereinbefore enunciated," and give to
each of the contracting parties the right to station
light vessels at the mouth of the Danube. Being thus
unceremoniously thrown back again on paragraphs
fifteen, sixteen, seventeen, and eighteen, we are
constrained to enquire into the " principles" they
contain. And here, we find, that the treaty of
Vienna " having established the principles
" destined to regulate the navigation of the rivers
" which separate or traverse several States, the
contracting Powers stipulate between themselves
" that for the future these principles shall be also
' " applicable to the Danube and its embouchures."
They also declare that this disposition constitutes
henceforth a part of the public law of Europe,
and they take it (the disposition) under their

guarantee !

To the foregoing is added a declaration that the
navigation of the Danube cannot be subjected to
any hinderance or dues, which shall not be ex-

pressly provided for by the stipulations contained
in the following articles. In consequence, no toll
shall be taken that may be based solely upon the
fact of the navigation of the river, nor any duty
(droit) upon merchandise which may be on board

The police and quarantine regulations to
be established for the security of the States
separated or traversed by this river, shall be con-
ceived in such a manner as to favour the circula
tion of vessels as much as possible. " Save these
" regulations no obstacle whatever shall be placed
"in the way of the free navigation." Now, the
" following" articles alluded to, authorise
the appointment of a mixed commission for the
purpose ; first, of drawing up the regulations of
navigation and of fluvial police; secondly, remove
the obstacles, of whatever nature they may be,
which as yet prevent the application of the dispo-
sitions of the treaty of Vienna to the Danube ;
thirdly, give orders for and cause to be executed
the necessary works throughout the whole
course of the river; and fourthly, to see

vessels

to the maintenance of the navigability
of the mouths of the Danube and the neigh-
bouring parts of the sea. Here it will be
observed that this commission has no power what_
ever to go beyond the " principles" established
by the treaty of Vienna ; whilst, in the political
conditions imposed on the SULTAN, he is forbidden
to enter into conventions with any one of the con-

tracting parties, without the consent of the others;
being, at the same time, bound by the acts of the
commission, and, notwithstanding, that both

Turkey and the Principalities are to enjoy in-
dependent and national administration, as well as
full liberty of worship, legislation, commerce, and

navigation

To cßrry out the objects of the Treaty, there are
to be no less than four commissions, and what the
ultimate result of their labours will be in the
face of so many palpable contradictions and diffi•
culties is quite impossible to conceive. Meanwhile,
however, Article thirty two provides that, until
" the treaties or conventions which existed before
" the war between the belligerent powers shill
" have been renewed or replaced by new acts, the

" commerce of importation or exportation shall go
"on reciprocally upon the footing of the rules in
"force before the war, and their subjects shall, in
" all other respects, be respectively treated upon
" the footing of the most favoured nation." That
we should have got so far back towards the point
from v.bich we drifted into war in 1853-54,
appears almost miraculous, and when it is
considered that Russia will so far bend her neck
to the law of nations as to admit consuls into her
ports on the Black Sea, we may expect t o hear of
even greater wonders. Still when the towns,
ports, and territories, won and lost during the
deadly struggle have been restored to their res-
pective owners, what is to compensate France and
Great Britain for the war ? There are few
subjects which can be returned to with so much
satisfaction to the curious, as a Treaty of Peace
concocted in secrecy, and we shall therefore
dilate upon some of the political features of the
memorable convention of 1856 with a great gusto,
and at the earliest moment.

THE TOWN DuEs.--Yesterday the select committee on
Local Charges on Shipping met again, pursuant to adjourn-
ment from Monday. The sitting was occupied in the
examination of four witnesses in support of the case set up
by the Manchester party. There were Mr. Collins, of the
firm of Minton and Collins, glass and china manufac-
turers, of Stoke; Mr. Rigby, merchant and ship broker,
of Runcorn ; Mr. Arther Sinclair, of the St. Belens
Railway and Canal Company, and Mr. Henry Ashworth,
of Bolton, Vice-Chairman of the Manchester Chamber of
Commerce. The testimony of these witnesses will be found
in another column, and to it we invite attention. The
committee stands adjourned to Monday.