Northern Times.
Liverpool, Merseyside, England, 1857-10-29 00:00:00

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THURSDAY, QOTOBER 29, 18574

THE DAY'S NEWS.

Yesterday there was a rather extraordinary run
upon the Liverpool Banks, induced byea: very un-
founded rumour from London that another of the
Joint-Stock lustitutione of the town was in a
rather ticklish state. ,From all that we are en-
abled to glean, there is not the slightest reason
for supposing that in the natural coarse of events
there can be anything approaching to such 'a
position. The run upon the Banks is the more
extraordinary when •we-.take into account the fact
that the Bank of England has consented to ac-
commodate the Borough Bank. As it is stated
that the latter will reqnire one million and a
quarter sterling, it is, of course, not to be ex-
pected that that sum could at once be advanced
by the Direc'.ors of the Bank of England. In
London it is reported that the Guarantee Fund,
which the latter requires ,to be made up prior to
actually providing the sands immediately needed,
has not been quite completed.; and, as a matter of
course, the throuell Bank are not in a position to
accurately state on what dayrthey will resume pay-
ment. In any case, however, ,it is said thee-elle
assets of the Bank will be sufficient to meet every
demand, provided that time is allowed for the
realization. There seems no doubt that the. Bank
of England will back them out. In the meantime,
the Manager of the Borough -Bank has issued a
notice that the resumption of .payment has been
postponed until all preliminaries are settled
With respect to the other banks of the town, we
may say that they are in a eery healthy state indeed
they have for some months past. been more prudent
than spectilative, and there is ,not the least doubt
that they could at any time honour all legal
demands with the utmost promptitude. There is,
therefore, no legitimate reason for the run made
upon them yesterday, and no ultimate benefit to the
public can be promoted by setch a course. On the
contrary, it will create alarm, do mach injury to
the trading community generally, and end in con-
sequences the most disastrous •We agoin say Out'
there is nothing occurring in Liverpool sufficient
to shake confidence in its banks, and Ave hope that
all classes of society will see the -absurdity of
getting up the cry—a bank panic.
We publish full details of the news from India,
received by the Calcutta Mail. The -Calcutta
Englieh man in i's summary, says that although sce
little has been effected, although almost every day
brings accounts of fresh insurrections, the fashion
among official men is tersay that the mutiny.is in a
state of collapse. It cannot [omit this to-be the
case. In no part of the Upper Provinces can
British euthority be said to exist, beyond the reach
of our guns. But, as the writer rereerkeeit•cannot
expect that the country will be traequilised-till the
arrival ef large reinforcements, and in this
respect, things are beginning to improve. The
inference ic, that the rebellion is at least near its
end. The Bengal lliirkara, in its summary
of the same date (September 24), says that
during the preceding fortneeht there had :been the
gathering of the eleraents, the brewing of' the
storm, but the thunder Cloud had not burst, and it .
can only hope for the best. A proclamation by
General Haveleek directs thee ail rebels of .Dude
who are in custody, with their wives and children,
are to be kept as hostages, ae a security against
the repetition of the atrocities committed at Cawn-
pore.
__ln Seinde, which is ocoupied by Bombay
regiments, there hese been attempts at revoit at
Kurrachee, on the sea-coast, at Hyderabad, in the
centre, and at Shilterpore, ou the north, towards
the Punjab. At the two latter places the tnreineers
were artillerymen, wineeeem esyecially predisposed
to revolt, whether it be that th think that with-
out artillery we shill -be poweelees, or that they
are solicited beyond all others by. the enemy, who ,
know the value of the arm Howeerer, in each case,
the disturbance was prow:say suppreased, and as
Seinde is an isolated regioneand a view of the 4th
King's Own, arrived from Mauritius, had been des-
patched to Kurrarhee, we...may hopes that there is
an end of apprehension in that quart( r. Speaking
of the fall of Delhi, the Wirnv,,, of vest; trda,Y says—
'We may well expect that it will be ti eignal for
their dispersion, and that when they fi that the
capital of Malloseedan India is in our ;wads, the
mutinous corps will fail to pieces, or turn to eavag-
ing and pillaeine the country in desultoea hands.
With Delhi end Lucknow recovered, with tee e Eun-
jaub safe, and with troops arriving Aiaily, we hall
soon be able to dispose of any..bateds which =soy
infest Centr d India. But it cantos be deetied
that the fall of Delhi has not . been an hater
too early. The prolonged resistaece of the
rebels was, no doubt, beginning to give neer
courage to the restless spirits all eleeough the
country. The disaffection of theßombay eegiments
in Seinde, the proposed march of the . Gwalior
Contingent .on Agra, And of the Dieepore rebels on
Jubbuipore, show how daring the enemy Lad be-
come. What elses indeed, could be expected ?
Here were nearly 100,000 men in AKins, against
or on the point of yielding to the teeeptalioe, :and
in the whole country, from the menthe of the
Indus to the head waters of the Barhampooter,
were only a few weak detachments .cf ;European
troops. Except before Delhi there leas not a
column containing 2,000 effective tam It is,:
indeed, wonderful that coy people have 'steed with
innness everywhere, and the sight has-ems doubt,
had its effsct. Their heroism has not been lost,
but it is evident that we could no langer have
trusted to it for keeping the enemy ;in awe.
Happily, from the 20th of 6eptcrnber a LIM :etate
of things commenced.
The local news this move-leg presents no .Frew
feature of importance. Mr. George Melley est-
tended two meetings in Evertcn and Kirlsdale last
evening, at which he delivered his views on the
several topics at le esent agitating th© aublie mind
of the Burgesses of Liverpool. Full reports of
the proceedings are given else-a-here. At the
Court of Passage and the Police ,Caurts yesterday,
the proceedings were of no general interest.
The continental news is very scanty this mor-
ning The Independence has received informa
tion from Vienna, that the large diminution of the
Austrian corny is about to take place, which will be
commenced by reducing one third Of the artillery,
and six thousand cavalry.

THE Church has, once more, been dinged
into the Municipal Election contest. The tiur-
gesses of St. Peter's Ward have been edified with
a prosy repetition of what the NoRTIILIIN
TIMEs has said with regard to Mr, BARMODP