The Northern Daily Times.
Liverpool, Merseyside, England, 1857-01-26 00:00:00

romrntrcfai if aiti&—ebig Slap.

~.

At a quarter before eleven o'clock, at the brokers' office,
9, Temple-court, 264 bags Barcelona Nuts.—Houghton
and Levy.
At twelve o'clock, at the brokers' office, 3Q, Exchange
alley North, 294 bags Cowries, and 94 bags Plumbago.
—Shand, Higson and Co.
At twelve o'clock, at the brokers' office, 22. Chapel-street.
about 60 bales Damaged Cotton.—Edward Eccles.
At twelve o'clock, at the brokers' office, 8, Lancaster
buildings, 500 barrels Rosin.—Sill and Meugens.
At twelve o'clock, 5 hhds. Rape 011.—Cox Brothers.
At the brokers' saleroom, 197 bags damaged Rapeseed.—
F. J. Eaton.
At twelve o'clock, at the brokers' office,Victoria.buildingq,
Hackin's-hey, 130 tons Nitrate Soda.—T. W. and J.
C. Harrop and Co.
At twelve o'clock, at the brokers' office, 13, Tempest-
hey, 115 tons St. Domingo Logwood.—John Rowlin-
son.
At eleven o'clock, at the commercial saleroom, Temple-
court, a quantity of Oranges, Apples, Walnuts, and
Chesnuts._Fletcher and Firth.
At twelve o'clock, at the brokers' office, Apsley-buildings,
Oldhall-street, 150 tons Savanilla Fustic, and 70 tons
Divi Divi.—Rooke, Okell and Spence.

*.* For particulars see advertisements.

-- -
AMUSEMENTS, PUBLIC MEETINGS, &c.

TIIIS D.Y.

Theatre Royal—Piece and Pantomime-2 and 7 p.m.
Royal Amphitheatre—Equestrian Company-2 and 7 p.m.
Picture Gallery, 50, Castle-strect —lO a.m. to 4 p.m.
Freemason's Hall—Gallery of Anatomy-11 a.m. to 10 p.m.
Allsop's New Crystal Palace, Lime •st.-10 a.m. to 10 p.m.
Lion Slayer's Encampment, Shaw's-brow-12 noon.
Royal Colosseum—General Entertainment-6.30 p.m.
St. George's Hall—Grand Concert-8 p.m.
Clayton Hall—Miss Julia St. George-2.30 and 8 p m.
Queen's Hall—Organophonie Band-2.30 and 8 p.m.
Tuton's Lecture Room—Protective Burial Society-8 p.m

*.* For particulars see advertisements.

ROBERT MULLINER,
(Successor to Gonsr & Co.),
(Late with Wm. Horne. London),
CARRIAGE AND HARNESS HkNUFAC I'll RE It,
591 and 81, GREAT CHARLO PE-STREE r, LIVERPOOL,
MANUFACTURER OF EVERY DESCRtFTION OF
FASHIONABLE CARRIAGES.
Sole Agent for the Patent Dioraples, for which a Prize Medal was
awarded at the Crest Exhibition.
A Great Variety of New and Fashionable CARRIAGES always on
view, which are ready for immediate use. Estimates given for
repairs.

CARRIAGES TAKEN IN EXCHANGE.
Good Standing on moderate terms. Carriages sold by Com.
mission.
Merchants supplie I with Carriages for exportation on libera
eons.

Etc ic:lottlitra (Tian

MONDAY, JANUARY 26, 1857.

THE DAY'S NEWS.

In Saturday's paper we alluded to the fearfu
character of the late gales, the accounts which have
reached us in the interim are such as we antici-
pated. They detail the accidents which have
occurred iu many parts of the English, Irish, and
Scotch coasts. Unfortunetely many cases of loss
of life are reported, and yesterday signals of dis
tress were flying from a vessel at the entrance of the
Mersey. The Point of Ayr life boat went off to
her assistance. The storm appears to have been
general and terrific in all quarters. At Glasgow
and Greenock we are told that a gale from the
west blew all day on Friday, accompanied with
heavy showers of rain and sleet, preventing the
Channel steamers from making their passages in
anything like good time. The storm is described
as being terrific at Kilmarnock, and the whole
country around had become white with the livery
of winter. At Belfast it is described as being
exceedingly severe, and on Friday night there was
a piercing gale from the north. The barometer
atnnrl at 9n r3Pa 17 min•. with indications of falling,
freezing point. Reports of a similar character
have reached us from several other quarters. Our
shipping intelligence, in another column, contains
the latest particulars which have reached us•
Parliament being about to assemble, the rumours
pf ministerial changes, and government intentions
increase in number and magnitude every day. One
of the latest of these reports is that, though the
Cabinet cannot yet see its way clearly, some reduc-
tion in the Income Tax may be looked for ; that
Sir Robert Peel will have to leave the Government ;
that all this gossip about ministerial changes and
arrangements have been distilled through the
alembic of the servant's hall. There is also an on
chit, that when Mr. S. Wortley accepted the office
of Solicitor General ho was warned not to ex-
pect a very early promotion to the Judicial
Bench, and that, under these circumstances, it is
expected that, on the next vacancy, either
Mr. Sergeant Slice, or Mr. Wel sby, will be the party
selected. It is also reported that a commission on
the claims of the medical officers of the army
is to be issued, over which Mr. Sidney Herbert
is to preside. We have inserted, elsewhere,
an article taken from a ministerial print of
yesterday, respecting the meeting of Parliament
and the intentions of the Government. In
connection with these matters, we observe that
the Right Han. Mr. Lowe, the President
of the Board of Trade, has left Manchester

and gone on a visit to our late representative, the
Right Hon. E. Cardwell. We fear that, between
these gentlemen plans will be. laid, and projects
poncocted, having for their object the confiscation
`of the Liverpool Town Dues. It is generally re
ported that Mr. Cardwell had no small share in the
preparation of Mr. Lowe'.4 bill last session. Be the
matter as it may, the peregrinations of the Right
Hon. the Vice President of the Board of Trade,
at such a time, and in such quarters, and
mingling, as he does, in such political company, are
suspicious, and should not fail to put the people of
Liverpool on the alert, and induce them to act with
determination and unanimity in the defence of '
their just and ligitimate rights.
The rumour is again revived that the new Lord
Chief Justice of the Common Pleas, Sir Alexander
Cockburn, is certainly to be created a peer, and
that he will take the title of Baron Langton, after
the name of the family estates, in Berwick, which
now belong to the Marquis of Breadalbane. We
question very much the propriety of such a
creation. The judges of the land should
in our opinion he kept as far as possible from the
anxiety and turmoil of polities and the disputes
and hara.nc"ies of opposing senators and statesmen.
To hold the scales of justice evenly and impartially
between contending suitors, or the Sovereign and
the subject, is quite enough for the most gigantic
intellect., and hence we argue that the judicial
ermine should not be sullied with duties not only
harassing but less sacred in their character.
Every day almost adds to the number of seats
either vacant or to be vacated on the opening of
Parliament. The death of the Duke of Rutland
will render North Lancashire vacant by the
elevation of the Marquis of Granby to the House
of Peers. His brother, Lord John Manners, will,
it is said, vacate his present seat, Chelmsford, and
obtain the more important one held by the present
Duke el Rutland Greenwich is still preparing
for a close and violent contest, and Southampton
has not abated one iota of its determination to
support the respective candidates to the last man.
Aleetitag after meeting continues to be held in
furtherance of the agitation for a repeal of the
Income Tax. Among the latest, and certainly most
important speech delivered on the subject, is that
of the Right Hon. Mr. Herman, chief secretary
for Ireland, to his constituents at Stroud. Mr.
Horsma,n, in alluding to the question, tells his
supporters in Stroud that he has no hesitation in
stating his conviction that the spirit of the Act of
Parliament authorising the imposition of the
Income Tax, should be adhered to, and that the
War Tax would expire a year after the war was
ended. After this bit of special pleading, ho
proceeded to bait the electors of Stroud by
reminding them that if the tax was really a blister
on their shoulders, they put it there themselves,
and that they should consider well whether it
would be expedient to tear it off hastily and
unadvisedly. It is quite evident from this right
honourable gentleman's address that he is not yet
prepared to vote for a repeal of direct taxation.

In connection with Mr. Horsman's speech, we may
further observe, that no less than five hundred of
the electors of Stroud have published a declaration
that they will at the next election withdraw all
support from their Parliamentary representatives,
unless they were prepared to vote against the
Income tax in any shape whatever. Before
dismissing this topic of Income Tax, we
may observe that a rumour prevails that Govern-
ment agents have something to do with those
recent public meetings that would enable it to say,
when Parliament meets, that direct taxes are
impracticable. If such suspicions are well founded,
the argument of ministers will begin by the asser-
tion that in the abstract direct taxes are the only
just system, and that it is the system to which
they themselves are anxious to see the country
I committed ; but it will end by the declaration,
that the experience of the last few weeks has
proved to statatesmen the impracticability of going
in that direction, and the great necessity of
recurring to the plans of the past.
There is very little foreign or Continental news
to notice this morning. We aro advised that the
conferences at Constantinople concerning the
Principalities have at length terminated, and ten
thousand Turkish troops are to march into Walla-
chia and Moldavia to keep " order '' during the
elections. Nothing is said of the Austrians
marching up: The system of interference in the
affairs of foreign states is now carried to such an
extent that frontiers will soon cease to exist in
Europe for practical political purposes, and will,
perhaps, only be preserved to raise customs'
duties.
From Copenhagen we learn that the Govern-
ment of Denmark still firmly persists in maintain-
ing its right of disposing of the crown domains in
the Duchies. This is the tenor of its reply to the
last note of the German Powers on the subject.

By recent intelligence from St. PetersbUrgh, we
observe that the Russians have obtained from the
court of Pekin au authorisation which they have
been soliciting for many years—to carry on trade
in the five ports of China opened t) other nations.
This favour had been hitherto refused them on
account of their having had for about a century the
monopoly of the trade with China by land, and a
resident legation in the capital of the Chinese
empire. This new convention is of great importance
to their maritime commerce, to which Russia is
desirous of imparting great activity.
We have intelligence from Paris of an official cha-
racter, which contains the statement that in
mediating in the Neufchatel affair, Lous Napoleon
has acted in reliance on a confidential knowledge
of the King of Prussia's intentions, and that Swit-
zerland may now safely disarm ; as, indeed, we
learn she is actually doing, having dismissed the
troops to their homes. It is possible that difficul-
ties may remain as to the claims of the King of
Prussia to have his standard afloat on the castles
of Neufchatel, hut a dispute on such a point can
never lead to hostilities.
The news-from Spain for once and a time repre-
sents the kingdom at large as being tranquil. It
is reported that Marshal Concha, who has returned
to Madrid, from a tour in all the southern pro-
vinces, has explained to her Majesty the dangers
which he considers threatens the reigning
dynasty and the country from the system of
policy at present pursued. From what transpired
at this important interview, it is quite evident that
the star of O'Donnell is again in the ascendant ;
and that a new ministry may shortly be looked for.
We have a confirmation of the news of the occu•
pation of Bushire and Karmic by the English
expedition. It seems to have been effected
without fighting or loss. It is added that
Brigadier Chamberlayne has retired within the
Indian frontier; and that the Shah has proclaimed
a holy war. That is of course, for all Eastern
wars are holy wars.

THE very considerable increase which has taken
rtl,zer,jiMiset,Rffits jeturlmotalarge majority of
momentary effects ; but there is much which is
cardinally wrong in our system of railway ad-
ministration generally, which must, like unskilful
military movements, convert victories into disas-
asters, and minor events of great promise into
melancholy disappointments. Where large
returns are derived respectable dividends will be
demanded, and, we trust, enforced, by the share-
holders interest. The classes who have advanced
their money on a species of property which suffers
greatly from wear and tear and the operations of
time, are entitled to high, or what may be termed
" speculative returns," and they ought to be
receiving at this moment fully ten per cent divi-
vends on the sum required to construct railways,
after deducting the cost of working economically
and judiciously. There are many eminent
engineers who stake their professional reputation
on the assertion that they could construct all the
railways of the three kingdoms at from 10,0001.
to 20,0001. per mile. But suppose we add 50
per cent. to this estimate, to cover those discre-
pancies which sometimes creep into the estimates
of a rival interest, and set down the cost of con-
struction, under proper management, at 15,0001.
to 30,0001. per mile, we shall then have a key to
the amount of dividends which ought to be ex-
pected, and the reductions which ought to be
made in favour of the public in the commercial
traffic of the realm, from the present receipts.
The earnings of railways have gone on increasing
in a ratio which exceeds by far the wealth pro-
ducing development which has taken place in our
other national enterprises ; but with unrivalled
success came reckless extravagance, a childish
attempt at monopoly, and no small share of igno-
rance of the great principles which must govern
all public undertakings which are destined to
promote the common weal.
It was not enough that great trunk lines of
railways, uniting all the large seats of population
and trade, should be established, and prove ad-
vantageous to the shareholder and kingdom
at large. Success no sooner marked the progress
of reasonable projects, than we were overtaken by
a rage for amalgamations—tacking new cloth to
old ; continuations running from populous towns
to picturesque valleys—Alpine scenery, where
moss and goats struggle against snow and burning
sun, and sea beaches where cockles and mussels
give employment to labour and capital ; branches
which could only be rendered remunerative by
speculating in sandwiches for pic-nics, or justified
by recounting the half dozen advantages they
conferred on some ten or twenty individuals re-
siding in detached villas beyond the reach of a
tall chin:lnv. In these enterprises both the
capital and earnings of those railways which
' were so many natural horns have gone, and now
we find the cost of construction on our leading

line has risen as high as 53,000/. to 68,0001. per
mile. Liverpool has to bear the evil consequences
attending the prodigal expenditure represented b
the former of these startling figures, and Man
chester is deeply involved in the cheerless pros-
pects held out by the latter. The London and
North Western Railway is our young Mersey—
the great artery by which we hope to extend our
and Cheshire June
commerce ; and the Lancashire