Northern Times.
Liverpool, Merseyside, England, 1859-12-31 00:00:00

Satuia4, December 31, 1859.

°Pinion ; possibly be had not
.13593, guilty of cal-
lating deliberately and befOrehand Upon cor-
ruption as one of his weaponS, :hid he allowed it
when he might have prevented it ; he Was willing,
to earn success, though by other means success.
was hopeless; he said nothing when a word would
aave saved, him :from a • disgraceful complicity..
Laity in the 'Conduct of trade, hoWever, comes
more home to each one Of us. It goes on pretty
(It'el3r prosperonsly for ,a time,, but when
the crash . comes, it is with 'weight and. with
a noiBe, that all of us -hear it, and many
of 'as feel it. The fall of the Borough
Bank.has, taken -its place:— though a mo-
"'fled One----with the disastrous issue of several
°tller " questionable speculations which hai-e
marked with black letters our commercial calendar
Of late: years. It fell among us like. a boinb-shell, I
4ad could not fail of challenging an amount, of
general- notice not less uncomplimentary than
general." Well' for 'those of us who had no more
Than the interest of spectators and critics involved
the Miserable collapse ! Fortunes wholly wasted.
4WaY, like a snow house before the stn ; delicate I
It°4len thrown ,by one rude blast upon the world,
'll)enniless, and many resourceless; age deprived
°t
its few remaining comforts, and even the mad.-
house replenished with Borough Bank victims,—
hee were the fragments of devastation WhiCh
giant bankruptcy -scattered round it far and
Wide. It was no mere feeling of .re-
ve
n
ge that prompted these injured. persons,
tt.*tten :they Awakened. in terror and. dismay from
e first shock, and began to look about
lleol both at their present position and at that
fro
'which they had. fallen, to turn round upon
4' cause of their misery and ask-Who is re-
Ponsible for this ? Only think by how large• a
8 of the commercial world, and of those who
tlireetly derive their maintenance from it, the, ,
1144
111 Y bond of security possessed is the conscious-
Zse that this sense of responsibility rules and
141 s round its operations. The thing was plain,
,t
°r if
that somebody was responsible. for this;
' tit ir not, the confession of the opposite would be
litanount to a disruption of our present cora-
of 1'44 'system, and the final- relinquishment
t'1„4!1!; as: the instrument of trade.• For it
Was fast as clear, that . scarcely any turn of
tr
tile463_ could warrant an issue-like this in
us of 4. bank founded; on an adequate •
4e46'..„, A bank has, not to struggle against any
elcy
of capital—the usual weakness under
private concerns, that would otherwise in
11 pro~ability achieve •a, position of fair pros-
4Nrit3',,lang i le
uish and die ; nor has t' to struggle
44 nl4. a: deficiency of , credit., It ;is always in
itB I,er to steal a march upon its debtors ; while
Ate 14,8iness . relations are so extended; and
ttle enclia character, that it is seldom brought to
itfte necessity of " throwing good money
likte.Ll3-441-" If, after'sufficient trial, it. finds itself
At ule to Challenge a fair amount of business, it can,
fast, wind up its affairs, without any disastrous
tlielebti°ll- There Can be no doubt, therefore, that
its 1-rl.oligh Bank—ought not to have fallen into
4I ao Est disgraceful phase ; and that it was
tnebody's fault."" . •
it re .
tape mains, therefore, for commercial men, and
Y those who are not: Unlikely to occupy
:,tinne of public trust for their follows, to take
,plieniselVes the moral of this tale.by
here •
no subjeCt that'admits of more sophis-.
6, • this vague, intangible, general one' of
417efa
sp than
usibilify." There is no stage more favour-
th44 °l' the practical influence of this sophistry
rate :hat of a corporation. The vice of corpo-
pc4.4 ,u`lies is proverbial. Men quite expect coy-
*v(„ilt""ns to be more insensible to justice, and
1101).°stS, than each Member of them would
1114,111 144 individual .capacity,—that they will do
*hell 14°re, and leave undone much more. But
Ifrett ths:laxity is introduced-into things that
ennnnercial credit and even the means of
xi; Oflarge numbers of the community, peo-.
hoee:enlY find out the violation-of honour and
Nerai"; it implies, and .cry out against it as'in-
t4 and deserving of punishment. llence
littt,_.egai action taken against the Borough
b
eksire
etors, which, in the individual case,
the fPerha something of a hardship. But
i• 4et these gentlemen. have met with pub-
t4a, Legal censure, not because they are 'worse
their n •
Jpyin neighbours, or .worse than many oc-,
a likeiposition atrthis present moment in
tr) as , • •
141;yet prosperous concerns in this very
ktti louts of this
*katlabecause they happen to come out as
great moral evil, and because law
%tandara opinion,,- assuming the high moral.
them;
to 171'1°1 b6liti them, desires, through
Tt aY down a solemn and special warning.
ringvo . and
tlitah!,,attilosphere og, . commercial life .needs a
.ttei
tqko;
Puiifieation. Public trust can--
sq no in •
pt Nqtation and -no encouragement ex-
\•;, the .
'kW letloll that a high sense of
,z,The 'll,eisq't:srlibi,ility resides among public men.'
ass: e we are no worse than our neigh-
-1/I.l!keiir. °I-le!igne, has. as. much to do with this
et
no„at it means"—:must tkly4t,, ' this is merely a' matter of form, overt'-
wh- •
guide the con-
11441:1"rPorations no. more than that of indivi-
too_ eonsll ei
nc
~---,13
Qta.raß ee haS a tribunal in the hoard-
her;e as in the closet. Indifference to I
:then'`' 10; 'whether in' the one; case or the
B°oller or later receive 'its ses:ere and
‘QllBlltnent;
"1111114eic
tr6ea .p 41".iAots' TP.XPERANCE MEETING. —On
cl4l, itiraig a vety.pleasing and interesting event
Coy'it kresemation .of a handsome writingt
it ,
.11 seription; to Mr. James Glover; by the '
atitAett ;
Inalister of St. James' Church, Dock,
sad titteenl wardens of the'. church, as- a token Of
Tb18111,a,!:1); services in the•.,Sunday-schools
rit6l t untowing is a copy:of the inscription :
Ailikareils or os Mr. hales -Glover by the. Minister and
41tne /anles' Church 'D k Cottages; as a
11 katui t h h h
kqtriot:„ -tousi t many servi c e
• 3 rcrldered the iaboola; church, and

THE LATEST NEWS.

fBY BRITISH AND IRISH MAGNETIC TELEGRAPH.]
•

ANCE.
The Emperor is expected to return to-morrow
from Fontainebleau.

THE FRENdII: NAVY.
It is stated that Prince Napoleon will shortly be
• 'appointed Grand Admiral in connection with the
new organisation Of thu 'naval staff. A naval
commission has been appointed to try experiments
with a newly invented explosive gun fusee.
There are now five slips vacant in the dockyard
of M. Orient.- from which steam frigates have
been launched..

FRENCH FUNDS.
PARIS, Dec, 30.
12.15.—The B9urse opened with a better tone.
Rentes first quoted 69, and have since risen to
69 15.
3.50 p.m.—Funds close-firm. Rentes 69 20,
being a recovery of since yesterday.
THE CONGRESS.
The Pays announces that the Powers who were
to have sent plenipotentiarieS to the Congress,
have:been apprised that the meeting' cannot take
place on the day, originally fixed, and that a sub-
sequent day will be appointed.
THE POPE AND THE
EMPEROR.

A placard was posted at the
.Paris Bourse
yesterday, officially contradicting .a rumour that
the Pope's nuncio had left Paris.

•
SPAIN.
. .
111Amtii.) , Dec: 29.
The squadron left Algesiras yesterday. Its
destination is not known.
via
t:,3i01t3
r I:- 'fei-Fn&M ,I}4 !"
ITALY •
_JAI; r . Y. n bsni se won ,tu,
• - ,•(:` •H- vf

The French pamphlet has beea translated into
Italian and circulated in great numbers in the
Romagna,:i ,orj,„ , , „

AUSTRIA.

,e Nord says that letters from Vienna assert
that .the statesmen of 'Austria are beginning to
perceive the impossibility of restoring,the Italian
Dukes, and are almost reconciled to the idea of
organising a State of Central, Italy, comprising
theßoman Legations. The :Vienna journal, en-
titled the Ost Deutsche, Post,_ says the chances of
the, Congress are, certainly not, r against the
ideas of which the. pamphlet --/e Pape et
le Congres is the organ. The schistmati-
cal Governments of England, Russia, Prus-
sia, and Sweden will support the propcisal
as soon as France shall have given it her consent.
Of all the great Powers,-Austricialone will defend
the rights.of the Roman See. Of -the secondary
Powers, Sardinia, and perhaps Spain,-will.follow
the lead of France, Naples, and probably Por-
tugal, will side with Austria. Taking every
possibility into consideration, we.do not think it
inirn";l'l" *lint the PrPiwb Cabinet will decide
in favour of the proposal of the pamphlet.
A Vienna letter in the Augsbut g Gazette says,
—The elite of the aristocratical party engaged-in
office; have resolved on laying their salaries at
the 'feet of the Emperor, that is to say, in serving
gratuitously so; as to lessen 'the public burdens.
The Archdukes who possess private property
have, Wit; said, made the Emperor the 'same offer
for five years. ' A • -not!
•

A
Tv.

PRUSSIA` ,nets lo 7
f - f!irr7 .tssilt9:- 741 'Nff

1 I iiew ''-'1"1")a BERLIN, Dec. 30.
The new Prussian Gazette-, says according to
current reports,-Prince Hohenzollern Sigmaringen
intends shortly to give up the Presidency of the=
Council of Ministers, and to u§su.mer-the command
of the 7th corps d'ar»tee.
,b6taflicl 2;w • • (Triff° yffsfal wed Iff

-rco Mr.,"" ").4' iv*ilowi;n REw
LlDca lot! IA. fulml) fp'
-T !+ ,e/ I,od. 0,74,,

.7 f:,: Lir /1 ltt co. •
• • , MEM:, ",
7f;
The Marquis de Villamarina having iefisild the
post of Governor of Milan offered to him, qCOunt
Gellina, Senator, has been raised to that dignity.
M. de Villamarina has been appointed Minister
Plenipotentiary to Naples.
1,1 -; I
inns r-' rgro
blaoiribtz
MAIL NEWS. :3 -7, rfornz (M.)a itIO
19 101 )1-4)4 wt a PO/
•
QtEENSTO'svN, Wa.m. •
The Canadian and Montreal Company's Royal
mail steamer Hungarian arrived ,off this port at
eight a.m., took on board passengers and mails,,
and is now clearing out of the harbour for Port-
land. She experienced very hard weather during
her passage from Liverpool.
The Fulton arrived at Southampton yesterday,
from New York, and brought $50,000' for Eng-
land and $331,000 for France. i • 0 .1,
r,,rsntit 915 7r,bBlifflT n

•T•l7

`;fn ; .
•-: - ;,, • 'LONDON Dee. 30.
The Globe announces that Major-General the
Hon. T. Ashburnham will succeed to the colonelcy
of the 82nd Regiment. The death of General.
Blunt, C6lonel of the 66th Regiment, raised
Colonel Walker, Scots Fusilier Guards, to the
rank of Major-General. A
special jury ' Was , summoned to - day to
assess the damages, laid at £5,000, in the libel
case, Mears, founder of ." Big, Ben," v: Mr. E.
Dennison, Q.C. After a; long discussion, it was
agreed to•stop the case, on Mr. Dennison retract-
ing all imputations,' and ;paying, all Mr. -Mears's
expenses.
The 'Globe 'considers: the announcement that
Russia has interfered -op behalf of the principle
of Papal authority a very 'incredible assertion. ,
Evan Montague 13aillie, Es 4., now first paid '
attaW to her 'Majesty's 'Embassy at Paris, is
g,azetted.
,to her. Majesty's Legation. at Rio
neiro.
•-
The following appeared in a part of our
ii,lpressiOn of yesterday :
THE POPE AND THE COYGItESS.
The Post has-received the following' despatch,
; dated Paris; Dec. 29th :—.64 There does not appear
to be any truth in the rumour that the Pope's
Nuncio had spoken of demanding his passports:
Nothing new has transpired on the subject':of the'
Congress. The real state of affairs will yet re-
quire two or three -days to develope itself."

THE WAR IN. CHINA.
The Calcutta correspondent of the Times,
writing on Nov. 24th, says Sir Hope Grant has
arrived in, Calcutta to organise the Indian expe-
dition-to China. It is not to exceed 13,000 men,
and will, probably, not exceed 10,000. Of these
one-half wilLbe Sikhs.
The 27th, 531*
60th, 76th, and 99th, with the
Ist and 2nd Bengal purbpeanF, have been warned

for service in China. TVoe batteries of artillery
are also to be despatched-a,nd all the Royal En-
gineers available; There-is talk, also, of sending
a regiment from Bombay, probably the 3rd.Eure-
peans. No. appointments, have.yet been made, in
the staff.
The great difficulty will be the means of
carriage. The steamer cannot 'ascend the "Peiho
further than Tientsin ; . and from thence' to Pekin
there .is 100' 'miles to be traVersed by land:
Efforts will be made to send draught cattle from
India. •. . . - .

The war is not popular in India, and even the
army-would have preferred,to,see-roorganisation,
precede:a new campaign.. There is also an ideathat the difficulty of the task is underrated in,
England. We have TartarS, not Chinese; to
meet., this time, and nobody knows in. what
numbers. .Any attack onTekin w ill demand a large
siege train, 'for the city has walls,.'Which, tho Ugh
old, are, from their thickness, almost as impreg-
nable to shot as earthworks, with' a deep canal
or. moat in front, and a picked army behind
them. .*: • •

DEATH 'OF LORD MACAULAY.
The'Dcidy News records , the stidden death of
Lord Macaulay, at his residence, in Kensington,
at 8 o'clock on Wednesday evening, from disease
of the heart. Lord Macaulay was never married,
and the title dies with him. He was 59 years of
age.
THE ALDERSHOTT AFFAIR:
The inquest on the inilitiaman shot at Alder-
shott has commenced. The 24th Regiment are
under orders to leave the camp immediately, for
Cork, and,will commence their journey' this day.
Telegraph messages were dispatched from the
Admiraltyr yesterday for H.M.S. , Himalaya to
return forthwith to Portsmouth, at which port
they will embark for conveyance to Queenstown
the second battalion of the 24th Regiment, con-
sisting of 27 officers, 9,00 .men, 62 women, and
60 children.* *
The India and China mails haVe arrived. Let-
ters for the provinces were despatched by the
earliest trains this morning. News anticipated
via Trieste. •