Northern Times.
Liverpool, Merseyside, England, 1857-11-21 00:00:00

OVENIBER 21, 1857.

course, suffering more or less 'distress from this
circurni!ance: In order to relie-ve .some of. those
persons, it is gratifying,to be able to record that
the lady of Colonel John 11. Ward, of Tubberna-
carneg House, Kirkeubbin, whose kindly and
benevolent disposition is well known. is exerting
herself in her neighbourhood to alleviate' the
distress resulting from want of employment. A
few days ego, she called upon one cf the agents
in Newtownards to inquire how she could obtain a
quantity of 'unwrought muslin, with a view to
-employing a number of the idle hands in Kirkeub-
bin—an act of benevolence in which we trust she
may end many imitators. In this way private
'individuals could do much to alleviate the sufferings
of the poor.—Belfast News Letter.

THE HANK acr.
A large blue-book, jtv.4l:, issued, forms an appendix
and index to the report from the Select CArrnittee
of the House. of Commons n the Batik Charter
Act. The appendix contains some remarks acid
opinions of the governors and directors of the
Bank on the' charter of 181.4 and the Irish and
Scotch Banking Acts of 1845, besides reports from
the committee on commercial distress--in'lB4B,
sundry letters to -the-Cfrancellor of the Exchequer,
quirtall intiaite series of- tabular statements of the
circulation and issues of the Bank, with other
Statistical information respecting banks for several
years past. The whole forms a volume of 500,
pages.

THE MONETARY CRISIS.

TO THE EDITOR OF THE NORTHERN TIMES.

Sir,---Yont insertion of my letter on the Money:
Crisis emboldens me again to address you.
The letter of "J. 8.," on the same subject, is a
rational appeal to the i,etelligent in these matters
to nete.et and devso scans whereby some practical
and wer-defined object may be brought to solution.
That .Liverpool might well take .the initiative in
such a -matter, the .disjointed and jealoas state of
the London Banking community points Out. As
once a member of that body in London, I know
how impracticable the London Bankers are. •
The present state of banking is':now proved,
beyonl all' question, not to rest on that basis
whi-h can any longer 'command the confidence of:
,the Public.. Thongh Many bulks still stand firm,
:yet there is no question that not half oftlios. would
bear a strict and diSinterested audit, and be founcl,,
to tally with -their own represtentatious.
until
man are invited with sortie expectation of
-thbir views being considered, none ,will waste their
t+-tie and heads in pr.fitless and useless exponents
While banking is a race of rivalry, all will be un-
scinfT,; if it could he brought to a more mutual
conce,r; 'a-• step will be to security. That
step .-..vas suggested to the London•bankers in 1.817,
•but, thou.;ll all admitted its Sbutidaes, they -eon-
fesse.d themselves aro.pe of sand, that never had,
and never ;would,. hold_ tagether.,.
Is it riot a fearful fact; that neatly, All the London
deposit their funds with one Great Broker,
who has no•W, as iivits4l%-been Obliged, to confess.
that without- exteetordinlry aid to them, Lombard-
Street woulii stop? 1 And it is 5u,311 overgrOwn
graspers as these that •are to call for laws to- be
suspendel, eted.coan.acts broken, to support them
ar~di` their idle depositors.
-should he glad to conimunicate with your car
respondent,' " J. ho will seek my address
. through you.' H. W.

IS THE GREAT, Bft DELUSION TO BE

PAU PET (TAT ED.

T 3 TIIT, EDIT3II OF TH NOITIIERN TRIES.
proposed renewal the Batik °Meer
is every m :nt and trader to
considerthecourse he individually—and the,pub-
lie. collectively, ought to takr?, in rari-!rrnee, to the
continuance of a system. which has on every
occasion or extraordinary financial pressure, proved
itself inathquate to the necessities of a great
elmrn3reial community. The promise to pay a
certain weight of gold for every note issuei by
the Bink, is a -transparent impbssibility. The
g-,1,1 is notto''he hod. If leSs than a dozenhouses
cli s. to.comb' 'le. ter the piarpDo—they mall ex-
haiist ail th. 2 gold in. the Bank -in 48 'hogre—nn(l
• .

ors what woull bee.-eme, of the promise to .
It is true, th it such case not likely to metur,
because the Samsons who di.l the Mischief, wool
be buried in the ruins of the temple-they
down. But they seem very, reckless of the ruin
they bring upon others, so long as the system pays
themselves. Sula a state of things ought not to
exist, awl if permitte 1 to continue will Produee
similar results from time to-time, more or less ais-
est roll's, in prevortine to the extent of out' trade.
If we had a circulating Medium based linen real,:
-tangible, end
,ample security, it might safely 'and."
beneficially be extended in times of pressure, s)
as to meet every lee,ritimate, want. And why is, it
we have not such a circulation ? Simply because
the.people do-not insist upon it. There is shun-
dant security, only waiting the voice of the public
to he conver:.ed to their use, and put en end to
monetary panics in this kingdom for ever. Our-
present monetary system resembles an inverted
-cone:• The small end rests on a little gold, upon
which. is carefully piled and balanced an, immense
superstructure, which-is continually in danger of
toppling over and destroying its builders. and
thousands with them.. Instead of this, it might to
rest on the bread' base' of the real, tangible, im-
mutable property of England, upon which might.,
"be raised an imper7.shable and immoveable.
superstructure, that would place the commerce of
the world safely •in our handsi.and make this
country the impregnable Banking-house of all
nefions.
There is nothing visonavy in this statement.
Give to the publie absolute libith„fl43 security fer
paper money, 'u then, it may feitlessly he issued
to any desii,thle extent! We have the security
No one can question its availability.. The people
-have a right to demand it, and I hope they, will.
• But. Government. is powerless, as against the
present great money power, unless they are
well supported by the might -and vnic4 of the-
mercantile and trading commuoity ! LET A PCJBLIC
CALLED Speakers will not be wanting
who wilt supply. a mess of valuable information
I am, Sir, your Obedient servant. 0. 171 G
_Liverpool, 20th November, 1857.

Honstrar:at.:x CF THE PRESENT, DAY.—Some yeirs ago
riding was by no means I. teral amongst the (air sex ;
then ladies on horseback v-re the excerrio and not, ai
now, the, rule, hut "grace a taw:re charinanee Reine,"
"WhOsl3ll'lo zeall ir healthy duties
Set on horseback half our beautiai."
There is now scarcely a young lady of rink, fashion. or
respecrabi ity, but inclees 'riding- in her list of accarnpish-
meats—and who, whether attaining her end or not, is not
ambitious f lyiag considered bY her friends and relatiejs
" a splendid horsewoman." Yet Inw fory can really
claim this enviedspp'eiatioo. H :hit may do much, nnf
coupled with science, a griat deal to TV ; but good ridi-g,
wih very few exceptions, is neither an habit nor an
ir.stiuct. Dancing we all know to be an instinctive
motion, a natural expression of ; but mark the dancing
of the rastie, milkmaid, ani that of the educated aid
accomplished lady ; the one is an tritutored, clumsy
bound,, the other the very poetry of mo'ior, and the
latter_ should riding te. As Pope says—
" True knowledge comes by sti7dy, not by chance,
As those move easiest who have learned to dares."
To be usod to a horse, to put on a habit, vault in a saddle,
and gall .p 'along a public road, are the eqnsstr an
hmeots of many who donut unfrequently imagine
that, to become, aril be esteemed good imrsawomen, it
is necessary alone to assume the mescaline in manner and
expression. But, to sit a horse equally well thraogh all
his paces -firmly, yet gently, to control his -impati:nt
curvettings ; fearlessly, yet elegantly, to m mage him at
speed, with a hand fi In, yet light ; steadily, yet gracefully,
to keep the seat ; preserving the balance with ease and
seaming carelessness to have the animal entirely at com-
mand, and, as if tnth were imbued with one common
ce, the rider vieinz in tern;cr with her steed in
spirit i to unite courage wi h gentleness, and to employ
energy at- no east of delicacy—these are the es7eratial
attributes of the lady like and accomplished horsewoman.
A series of charming French engravings, "Lrss Atnazones,''
some time since published, has shown how well adapted is
equestrian exercise to the display of the beautiful and
graceful outlines of the female form ; let, if elegance can
be thus so well portrayed, so, also, in no case is clumsiness
or awkwardness so thoroughly visible or open to comment.
The horsewoman is like a statue placed upon a high
pedestal; where the faults are as easily discernable as the
beauties.—Mrs J. Stirling Clarke's Habit and the Horse.