Northern Times.
Liverpool, Merseyside, England, 1860-01-17 00:00:00

TOTAL SUPPLY,

Beasts
foreign ...... 270 Calves
Cows n foreign lO5

_,, foreign
Sheep 21,160 „ foreign

LONDON MINING MARBET.—JAN. 16.
In the Mining Market to-day preparations for the
settlement have partly occupied attention, but a fair
amount of business has been done chiefly in shares in
West Caradon, Herodsfoot, Wheal Nelson, Great Wheal
Fortune, East Wheal Russell and East Caradon. In
the Stock Exchange, East Carodon shares are marked
6 and 5 ; East Russell, 12;1 ; Wheal Grenville, 31 ;

THE DAY'S NEWS.

The commercial treaty now in course of nego-
tiation between the French and English Govern-
ments—upon which we have already had occasion
to remark—is the subject of much congratulation
among all sections, apparently, of the metropolitan
press. The French Emperor's own idea is, that
he will by such a treaty contribute towards the
peaceful solution of difficulties in foreign affairs,
and thus lead to the foundation of a new era of
peace, and to the insurance of its blessings to his
own empire. The Times gladly admits, " that
hi this proposition the Emperor of the
French gives to. England and to Europe
the very ' best security for the continuance
of peace." And so it must be ; since the princi-
ple of prohibition is one of international hostility,
while that of free trade is one of peace and good
will. " Never," says our contemporary, " till a
system like this be fairly inaugurated, will
England and France know how necessary they
are to each other, or appreciate the full extent of
that suicilal folly whiCh would waste in mutual
conflict resources designed for their own good,
and for • the benefit of the world." We may de-
pend upon it, that this is a sound sentiment, both
in politics and in morals. It is gratifying to
observe that the Paris papers applaud the pro-
gramme of the great fiscal reform, .and as might .
have been expected, a decided impulse has, been
given to the Stock Markets by the publication of
the Emperor's letter, and a more favourable and
very buoyant feeling prevails generally in com-
mercial circles.

Again it is confidently asserted, upon autho-
rity thought likely to be well informed, that
Austria has really abandoned all idea of renewing
the war in Italy. This statement, however, is
only that of a private correspondent of the press ;
and, although there are many circumstances con-
nected with the present position of Austria that
may fairly enough be urged as giving the highest
probability to this view,—just as there can be
little or no doubt in any mind of its prudence,
still, on the other hand, as the Times' correspon-
dent remarks, " the Roman Catholic hierarchy
has such great influence at Court that no- one can
positively say the Emperor will remain perfectly
passive." In any view the report seems credible
that the Cabinet of Vienna intends to forward a
protest against the non-fulfilment of the Villa-
franca treaty, relative to the restoration of the
Grand Dukes, to all the European Courts as well
as to Paris.

The kingdom of Belgium, notwithstanding
internal commotions which are said almost to
menace the foundation of the Constitution, seems
ambitious of taking her stand_ alongside her more
powerful neighbours—at all events in the Chinese
expedition. With the laudable view of extending
her commercial relations, and more especially for
the purpose of establishing a Belgian colony in
China, she has decided on sending an expeditionary
force—it is not said to what amount—to act in
concert with the English and French forces. If
otherwise judiciously undertaken and carried out,
we cannot help thinking that this is a spirited
movement in the right direction for such a Power
as that of Belgium.
By the latest accounts from Madrid, we are
told that the Spaniards in Morocco have become
masters of all the positions of Caleanegro, and
after having obtained what is called " a complete
victory," are commanding all the heights of the
valley of Tetuan. They expect to be before the
latter place as soon as the roads to it are in a
condition to permit the passage of the artillery—
the state of the roads, or rather the want of them,
having apparently been one of the greatest
obstacles the Spanish army has had to over-
come ; so that for some time they have been
labouring hard at their construction. We observe
it confidently stated that, in pursuance of an

~„
arrangement between Frapee and England, the
fleets will beAiow_ removed from Algesiras,...the
events passing in Morocco no longer requiring
their presence.
The ministerial crisis in Denmark still continues,
—a fresh demonstration against the new Cabinet
havingjust occurred at Copenhagen. The ontbreak
was of so serious a nature, it is said, that armed
force had to be employed to put it down. Quiet,
however, seems to have been partially restored in
the meantime: Several persons Of rank are im-
plicated in this affair, and have been arrested.
A short time since the attention of our readers
may have been excited by a painful narrative of
the mysterious disappearance Of an Irish gentle-
man—a Mr. Massy O'Grady. Various conjectures-
were offered as to the cause, but nothing-satisfac-
tory was discovered. It is now 'stated by the
Cork Examiner that a letter has been received
from a lady in the county of Limerick, said to be
the wife of a stipendiary magistrate, which con-
veys the startling intelligence that the body of the
missing gentleman has been found, Under' circuit=
stances which leave no doubt that he had been
murdered,—and, it is added, that four persons
have been 'arrested on suspicion. If the retort is
correct, we may expect soon to hear more of it.
It will be seen by our report of the Town
Council proceedings yesterday, that Mr'. Raffles
has been elected a stipendiary magistrate for this
borough, in the room of Mr. Mansfield. We had
a pretty confident idea that such would be the
result ; and we said as much; it maybe remembered,
when Mr. Raffies's name was first mentioned
as a candidate for the vacant office. In addi-
tion to ' his . high legal qualifications, he pos-
sessed-an amount of local influence which has
proved irresistible. WO congratulate the learned
gentleman on-his success, and wish him health
and strength to enable him to discharge efficiently
the arduous duties of his most responsible appoint-
ment. - -

By the arrival of the British and North Ame-
rican royal mail steam-ship Asia, we are put in
possession of American news to the .4th instant.
.Up to the latest dates no Speaker had been chosen
by the House of Representatives, although twenty-
three divisions had taken place on the subject.
Full details of the news brought by the Asia will
be found in another part of our paper. It will
also, be seen that by telegraph: we have later
dates 'from America via Galway) but the intelli-
gence so conveyed throws no new light on any
subject of international importance.

THE documents we printed yesterday, issued by
the Manchester Chamber of Commerce, on the
subject of international maritime law, must have
been pefused, we feel sure, with no ordinary con-
cern by our Shipping Interest. There can be no
doubt, one would think, in the mind of any rea-
sonable person, whether connected with that
great national Interest or not, that the principle
set forth in the documents we refer to, is one
which it behoves any civilised nation to promote
the adoption of. War is a curse under any cir-
cumstances ; and there can be no reason what-
ever why any particular Interest of a people
should be made to feel its severity more than
another. Yet such is the case with the
Shipping Interest. And certainly it is both
inhuman and impolitic that the present state of
maritime and international law should subject
the property at sea of unoffending individuals to
be seized or destroyed, and that the sailors and
passengers of unarmed ships should be made
prisoners of war.

Now, a proposition was formally made to all
the. maritime Powers, by the Government of the
United States during the late Russian war, " that
the private property of subjects and citizens of a
belligerent on the high seas shall be exempt
from seizure by public armed vessels of the other
belligerents except it be contraband." And it
appears that the Emperor of Russia, and also the
Emperor of the French, approved of that pro-
position, and expressed their readiness to co-
operate in endeavouring to obtain the assent of
other Powers to its enactment. But then it is
objected here in England, that this would be an
undue concession on our part to our European
neighbours. By the operation of the present
international law, it is argued, " the commerce
of our enemy is destroyed, while our own, though
of course exposed to risks of the same character,
is so far protected by the predominance of our •
naval power, that the danger is comparatively
small. Consequently, we possess means peculiarly
our own, of bringing an adversary to reason ; for
we can put such a pressure upon his external
trade, and those engaged in it, as will not only
cripple his general resources for conducting the
war, but inspire an influential class of people with
an active solicitude for peace." This, however,
is a very fallacious view of the case.- Our own
danger is not comparatively small. The magni-
tude of our Shipping Interest, were there nothing
else, makes that danger very great indeed. Not
only is our commercial shipping exposed to'
risks, but if our naval armaments are to be
engaged in the war,—which must of necessity
be the case,—there can never be that full
protection given to the commercial marine
that would save it from the risks to which it
would be exposed. It is true, we can put a pres-
sure upon the enemy's external trade, and those
engaged in it,—such a pressure "as will not only
cripple his general resources for conducting war,
but inspire an influential class of people with an
active solicitude for peace." But so likewise can
the enemy do with ourselves,—and, it may be, to
a much greater extent. Our ships are to be
found in all seas. So extensive is our maritime
commerce, that in no quarter of the world would
the enemy fail to find our ships, and have the
opportunity of seizing or destroying them. The
policy of the question, therefore, is manifestly
unjust and injurious; while, as a code of morality
on the ocean, it is strikingly barbarous and
iniquitous. On grounds of mere expediency, we
contend, this country would derive many advan-
tages from the proposed change ; and its moral
influence could not but be most beneficial, not

THE LATEST NEWS.

[BY BRITISH AND IRISH MAGNETIC TELEGRAPH.I

FRANCE.

PARIS, Jan. 16.
The Patrie and the Pays of this evening assert
that the turnstiles for the payment of the admig.
sion fee to the Bourse will be abolished.

FRENCH RECIPROCITY.
With scarcely an exception, the Paris pre_is
applaud the programme of the great fiscal reforr'
The Examiner and Economist were seized, it
believed, on account of some observations on the
prospect of a commercial treaty with France.

THE FRENCH FUNDS.
PARIS, Jan. 16.,
Rentes opened at a rise of 31- per cent., but hay',
since become less and are now 68 90. 330 pin' •
The market closed rather firm, but prices Ile
undergone no further alteration of importance'
The last quotation of Rentes was 69, being all
advance ofd since Saturday.

The Patrie, of Sunday evening, says it is On;
fidently stated that, in pursuance of arrangeinet'
between England and France, the fleets will .11°
longer remain in the Algesiras waters, the events
passing in Morocco no longer requiring their
presence.
The new pamphlet, in answer to "Le Pape et
le Cotagres,' appeared on Saturday. ,It is signed
" Hippolyto Castille."
Trade at Paris has not made any sensible pro-
gress during the past week. Merchants and
manufacturers confine their operations within the
smallest possible limits, as if apprehensive of some
political complication.