Northern Times.
Liverpool, Merseyside, England, 1860-01-12 00:00:00

•CLOSING PRICES.

Lancas. & York. 1011 2
1
L. &N. West... 981 t 9g
L. &S. W. .... 981
Leeds Northern.. 451
Man. Sheff. & Lin. 38 '9l
Midland Stock ...1101--
North British ... 621
N. Staffordshire" --
S. E. & Dover .. 841
York, N. &B. .. 941
York &N. Mid... 781.

The weekly traffic of .the Great Western Rail-
way amounted to 171,560, being an increase of
£5,520.

• The half yearly meeting of the. Union Bank of
London was held this afternoon. At the meet-
ing it was announced that the nett profits of the
half-year were £60,003, and a. dividend and
bonus at the rate of 15 per cent. per annum were
agreed to. ' •

The following appeared in a portion of our
impression of yesterday
THE MONEY MARKET.

The applications for' the Canada Five per Cent. Loan
of £2,800,000 have reached to about £22,000,000. The
last price yesterday was 21 to 3.

The English Funds opened this morning without
recovery from the dulness of yesterday? and underwent
another decline of A-, but the market was a little more
steady at the close. Although there cannot be said to be
any great political distrust, uneasiness generally -pre-
vails at the possibility of the
.present Italian uncer-
tainties giving rise, at any moment, to sudden alarms.
The last price from Paris to-day shows a further decline
of it. In the foreign -exchanges, this afternoon, the
rates of Amsterdam and Hamburgh were slightly
loWer. A further unfavourable movement .has taken
place in the Austrian cfuotations through increased dis-
trust in the finances of that empire.—Times.
The funds showed increased heaviness, the continued
withdrawals of gold from the Bank, though of a very
moderate amount, keeping alive an idea that the Bank
rate of discount will soon be raised. Consols closed at
a fresh reduction of Bto per cent. Most of the- other
departments of the Stock Exchange, also, showed a
tendency to depression. There was an active demand
for money in commercial channels, at 2$ per cent. for
the best bills. The amount of gold withdrawn from
the Bank for exportation' was £20,000. The steamer
Delta will take oat £436,000 for the East, on Thursday.
The whole is on mercantile account. A sun. of
£163,003 is in gold, partly in payment for the rupee
paper transmitted to this side,—.Daily .I%freto.

THE DAY'S NEWS.

We published yesterday a French telegram,,
professing to give a brief historical account of a
certain official procedure between the Governments.
of France and England, reaching as far back as
August last, and not terminated. The sum and
substance of this French revelation, so far as it can
be relied upon, is that negotiations have been going
on between the two countries, of the nature of
which we are altogether ignorant ; and that,
since the year began, the discussion has assumed
an entirely new phase—of which the. dismissal of
Count Walewski is only one indication. Lord. John
Russell, as Foreign Secretary for this country, has
made, it is said, an offer which the Emperor is
now disposed to embrace. But we have only the
vaguest suspicion as to what are the actual terms
of this mysterious compact ; and we cannot but
concur with the leading journal, which yesterday

expressed " much anxiety': iti 'to what the condi-
tions or the offered compactTinay be." le---haw
already, repeatedly, had occasion to remvk,' that
while all our sympathies are ..witli'thg,'ltalians,
and with Louis_ Napoleon in taking the proper
steps to promote their canse; yet for our Govern-
mentio enter into'an'offensive treaty witllrranc&
against the rest of Europe, seems as unnecessary,
as it would be highly. impoliticl—the.difficulty -
that has arisen being no matter of ' Ours; nor
does its solution require our 'interference, if
the. Emperor himself is really as earnest as
he is powerful to effect it. In short, as the
Times says, in concluding its, leader on this,
subject, "What is it we - are wanted to do but
look on and applaud! The Emperor cannot de-
sire us to guarantee that France shall nothein=
vaded, or Rome taken out of the hands of-General
Goyon by Dr. Cullen -and his Irish Brigade."
- However, the meeting of-:Parliament is now ,at -
hand, and the production' of the requisite docu-
Ments to explain this mystery must be called for
without delay. The subject. is too important to
be left-longer at the mercy of such an untrust-
worthy, diplomatist as. Lord John Russell::„: - ,
.The late Fereign Secretary, Lord Malmesbury
• has taken occasion at a farmers' club, inrespond-
ing to the toast of hiS health, to refer to • the
influence he exerted at the Foreign Offiee when
. •
France and Austria. had lately_ recourse to arms
for the settlement 'of the Italian queStiorr. " I
do • not boast," said his lordship, "of having
succeeded in the great task which was before me
I did not prevent a great. and a , bloody war—l.
did not prevent
.the deaths of 'some 80,pp0 or
100,000 men who fell_ on the fair and fertild7plains
of Italy; but this Ibelieve, with-the:help of GOd, '
I did prevent—l prevented a general European
war. This,' I believe, with the help of dOd and
the'd*SSiStatiorcif ink- colleagues,- I aid'ffrefeilt-.--:
the. extension 'of the war beyond the. sphere to
which it was confined ; and if my word is doubted,
it is proved by the statements of the Emperor of
the French and of the Emperor of eNpstria'
themselves—the one complaining - that he
was not assisted by England,. the other 'saying
that. Prussia did not . come to, his -aid, and
both circumstances being, those which._ pre-
vented their continuing the struggle any longer."
It is only to be hoped that
.our present. Foreign
Minister, when ,he -retires froM office; May be abler:
to makeasimilar declaration: I_Therd is, hoaxer,
only too Mtich reason tefearthe 'contrary. Lord
Malmesbury kept this . country out of the war as
well as kept the, .War .within its:, ;Priii‘fiiiiits.'
But Lord John Russell is very likely to-en'tingle
this country with France in the . object of ,that
; and should such .unhappily prove to be the
case;
:there is no-saying to what-extent :another
war may be' carried; or how far England:May be
involved in `its disastrous issues. - - .

In the midst of so many warlike indicatirs in
Italy,_it is a relief to observe seine efforts.beingH
made for the development' of. her': valuable
resources, and the substantial.benefit of her inha-
bitants.
Nature has divided Italy', in all her
length, by the long Appenine ranges 'which have
been the great hindrance to her prosperity, by
interrupting internal intercourse .and traffic; and
rendering it most difficult for her to profit by the
great modern invention of railways. .It ia abso-
lutely ' necessary to overcome these phySical
obstructions before Italy can avail herself, to any
great extent, of her otherwiSe.eXcellent and even
commanding geographical position,, and, fo this
end, 'railways must become as numerous were'
once-the -mule-paths; the- railway- -whistle—mist-
bezheai'd in place of the muleteer's song, If4fore
she can compete successfully -with her neighbours,
or maintain a respectable position in that system
of civilisation of which she once boasted hers'. if
the head. There _are many. lines of trans,tip-_
Penine •Railways at present in contenip j4ti4o;
but commercial, no less; than naval- and military,
interests call the greatest attention to the line
between Parma and SPeziaLthe survey of which
has just been. Ordered by the King of
To prove this it has.: only, to be, observed that
Spezia is the poirit'on the Ligurian coast nearest
to Parma, from which latter place the route
would proceed to Modena or BOloglia, to Mantua,
Milan, Verona, and, indeed,...to 'the whole loWer
plain
.!;f :the Po, thus . affording easy.. and
rapid communication between the Gulf 'of
Spezia, one of -the best -harbours-, i t t4e

t
Mediterranean—and, all the important points on
the Po. As an example, the construction of such
a line would
,enable Sardinia to,n3alte the, qv. of
Spezia hal:great naval establishment, with-suffi-
cient facilities of transit bet Ween the national

dockyards. there and the great frontier strongholds
of Piacenza and Brescella--a. matter of vital im-
portance should the Duchies be annexed to Pied-
mont. But, even in a commercial point of view,
this would be the most -important the,
kingdom; and if, in addition to this, anAther'
great enterprise for running a railway along the
coast from Marseilles, via Nice arid Genoa, to
Spezia and Pisa, should speedily be carried-out,
Spezia, with its spacious accommodation for the
mercantile-and war shipping of all nations, could
soon become the greatest centre of maritinif and
inland traffic in Italy.
Considerable feeling and some anxiety `have
been created by the announcement that an
English Church in Paris has been closed by order
of the French Government. This interest is not
confined entirely to those who look merely-to the
religions aspect of the question, but is shared by
otherS who, attend chiefly to, secular matters, and
regard them mainly with a political eye. The
ostensible ground—although no reason is alleged
—for-shutting up the Church is understood to be
the celebration of worship in the French lan-
guage, and in this
,belief these services have
voluntarily been agreed to be relinquished; and a

strong appeal to the Emperai hiMself, backed by
'the Grey, our Charge d'Affaires, in the
then absence of Lord Cowley,.had not received
any official answer. All the known facts of the
case will be found in the letter of the Rev.'
Archer Gurney, Incumbent of tie English
Church in Paris, which we publish in another
column. In reference to this matter the Express
oflastnight says :—" We much regret the tem-,
porary-success of the jealous or fanatical persons
who have interrupted Mr. Gurney's zealous and
useful labours. We know him to be a man of
high honour, who would make no improper use
of his position, as minister of an Engliih church
in Paris. In our opinion he has done wisely in
referring his cause directly to the Emperor, who
cannot approve of the unceremonious manner in
-which an English congregation has been treated,
and from whose justice we are persuaded
Gurney may expect full redress." In the opinion?
above expressed, with respect to the, character
and proceedings of Mr. Gurney, all who know
him will cordially coincide.

THE return to Parliament of a Jew for the
borough of Reading, is admitted by the Tines to
be an event which " may be regarded with some-
thing like uneasiness by a good many well dis-
posed people." The great journalist himself is
evidently uneasy at it, as an event that " verifies
the predictions of those who were assailed as
bigots for their opposition to JewiSh emancipa-
tion,"—and as sheaving ;"that Jews are pushing
forward in every quarter, and that their freedom
from Scruples, combined with what Sir FRANCIS
GOLDSMiIYS proposer frankly described as the
subsidiary advantage' of their wealth, will carry
them into Parliament in greater numbers than
their advocates anticipated, or the public might
desire." And our contemporary is himself " free
to confess," that he should regret to see such
expectations realised. But it is very evident
that they are being realised ; and certainly it
cannot be'depied that the result of the contest at
Reading shews that they are.
A distinction may perhaps be drawn, we
cannot but think, between Jews being permitted
to have, seats in the Legislature, and a Christian
community, electing a Jew to sit as their repre-
sentative ' there. For instance, there might
happen to be a constituency in' the kingdom;
.a
Majority of which were Jews themselves ; and
it would be very natural, and not -very unreason-
able, that they should desire to be represented
by one of their own religious community. Bnt
it is totally different thing for a consti=
tuency, the whole or a greater part of. Which.
consist of Christians, to send as their repre-

sentative in Parliament an enemy of
Christianity a Jew. The aspect of such a
case is an ugly one, in any point of view. It
shdws, in the first place, that Christianity, all
important though it ought to be considered in all
the affairs .of a Christian people, is yet not re-
garded as of much account among them. It
shew s that they do not care a straw about
Christianity being part and parcel tat* the law•of
the rand and that they are utterly indifferent to
those Christian influences which ought to per
'wade the proceedings of the Legislature of a
Christian country. The able and powerf4h
contemporary we have already quoted,
further acknowledges that, " notwithstanding
the position in which the Jews have' been
placed . by their emancipation, the whole
matter still rests absolutely and entirely
in the hands of Christians;" since "it is 'by
the votes of Christians, and as the representa-
tive of Christians alone, that a Jew can take his
seat in the House of Commons." And, in aiy
serious point of view, it must be obvious to every
reflecting mind, that there is a gross anomaly,
to say the least of it, in a Jew being the repre-
sentative of Christians;—in Christians sending a
Jew to represent them in. Parliament, where the
laws of their Christian country are enacted, and
where Christianity, Y as the religion of the
country,' is not unfrequently legislated for.
But the Times lays the flattering unction to
his soul, that, "in all probability, if a Christian
candidate of Liberal sentiments had appealed to
the coistituency of Reading, he would have been
more acceptable to the electors than a Jew, if
only because a Jew would have to fight at a
disadvantage." But the result of the contest
proves the contrary of this. Very little, if any,
disadvantage did Sir FRANCIS GOLDS3LID ap-
parently labour under from being a Jew. At
the former contest, his Liberal predecessor only
polled four more votes than he did on this
occasion ; and his opponent, Mr. BENSON—
who was also the opponent of his pre-
decessor—only polled sixteen votes more than
he did on the former occasion,—that is to say,
only eight voters came over to his side—as a,
Christian candidate, it may be presumed—rather
than vote for the Liberal candidate as being a
Jew. Now, these are aspects of the case that are
anything but satisfactory. It isievident that our
Liberal constituencies are discarding Christian
considerations, and regarding party politics as of
far greater moment thatt Christianity itself. This
is, doubtless, one of the issues of Liberalism ; and
it furnishes a very good reason, in addition to
many more that could be adduced, why the prin-
ciples of Liberalism are not only politically but
socially and morally mischievous, in a most per

nicious degree.
The fact we have just alluded to—and a most
disagreeable one it is for the contemplation of a
Christian people—is not denied by the Liberals
themselves. " If, " it is broadly asserted, " a
Liberal competitor for the suffrages of a Liberal
constituency is open to no other objection than
that of his being a Jew, such an objection will
not destroy all his chances of success." Now
this, we say, is making the religious coneicleratiou

LIM -BRITISH ,PLND IRISH MAGNETIC TELEGRAPH.]

FRANCE.

PARIS, Jan. 11.
Lord Cowley arrived here yesterday.
The Gazette de France has received a fir:
warning from the Minister of the Interior.
The Morning Post was : seized in Paris 0
Tuesday. •
A warning has been given to a journal
Valenciennes-for an article agiiiist the pamphlci

The Minister of the Interior has interdict
the Paris papers from speaking of the declarati
of the Pope on the famous pamphlet.

THE FRENCH FUNDS.
PARIS, Jan. 11.

12 12 P.M.—The Bourse opened very heavl'
but subsequently a better tendency prevailed,
Rentes afterwards being at 68f. 40c.
3 28 was rumoured on the Bourse that
Lord Cowley had returned to Paris, and that his
mission hdd succeeded. It was also reported that
Prince Metternich had left for Vienna on a srecia
mission. , Rentes closed firm at 68f.-55c., an ad,
vance of 10 centimes since yesterday.
4014.
THE PAPAL -

ROME, Jan. 10.-

The enlistments abroad for the Papal army
have no other effect than to bring it to its effee-;
tine state, which numbers 18,000 up to 20,00
men; this 'augmentation of the Papal army's
agreed upon by the Holy See and France before
the war in Italy.

TURKEY.

MARSEILLES, Ja11..11.

Letters from Constantinople to the 4th announce'
that public agitation was increasing. It WO
supposed that -Fuad Pacha would soon be d
missed. The. Czar had forwarded decorations t°
the Pachas who were sent to Odessa, to congratt'"
late 'him.

CALCUTTA AND CHINA
MAILS.

The Vectis, with the above mails, arrived av
Marseilles at 3.30 p.m. yesterday. Mails left Pc
London'at 5 p.m. ; letters on Friday morning•
The following telegram has been received iu
anticipation of the Bombay mail, due in Londo9'
vizi Marseilles, on the 19th :

ADEN, Jan. 4.

BOMBAY, Dec. 27.—The campaign against the
rebels in Nepaul is over. All the rebels surrey
dered except the Begum. The Peninsular id
Oriental Steam Navigation Company's steamer-
Bombay, with the mails of the 3rd December, h°
arrived.

The will of Lord Macaulay was proved yester-
day;,. the personalty was sworn under £BO,OOO.
The half-yearly meeting of the Union Bank of
London was held yesterday. The net profits of the
half-year were stated to amount to £AO°3
and the dividend and bonus were declared at the
rate of 15 per cent. per annum. .

The following appeared in a portion of fur
impression of yesterday :7—
FRANCE AND ENGLAND ON THE
ITALIAN QUESTION.
The Times, referring to a telegram received during:
the night, says that no treaty is necessary. The fate 01
Central Italris in the hands of the Emperor. He knowt,
what we wish, and if he takes the same view of what 0
Fst to the people he will have all • our sympathy'.
rance is as earnest as she is powerful ; the thing
done ; she has a fine army still in Italy. Russia ir
indifferent or even favoun.ble. Austria is bleeding
every pore, and cannot rise again to fight. Prussia 15
not very ultramontane. Spain is otherwise engaged'
What is it we are wanted to do, but look on and al"
plaud. The Emperor cannot desire us to guarantee,.
that France shall not be invaded, or Roma taken out 01
the hands of General Guyon by Dr.. Cullen and:his Irish'
brigade.