Northern Times.
Liverpool, Merseyside, England, 1859-07-11 00:00:00

COMMERCIAL.

The Funds are still rising. The immense rebound
that took place yesterday in all the Continental
Stock Markets received a favourable effect to-day.
Consols closed a per cent. higher than yesterday.
In most of the other departments of the Stock
Exchange a fresh advance was established. In
Lombard-street to-day the demand for money was
languid. At the Bank there were very few applica-
tions. There were no bullion operations at the
Bank to-day. The importations of the precious
metals this week have been very considerable. The
value of these arrivals is about £423,000, of which
nearly the whole has been sent abroad.—Daily
News City Article, Saturday Evening.
The rise of nearly 2 per cent. yesterday, from the
news of the truce, was well maintained, and before
ehe. close a further improvement took place. The
City of Washington, from New York, has brought
£10,400, and the Pera, from the Mediterranean,
£lo,ooo.—Times City Article, Monday Evening.

IT is stated that,the Loudon and Brighton Railway are
prepared to submit every point in dispute with the Great
Western to arbitration.

MAIL NEWS.—SOUTHAMPTON, Sunday.—The steamship
Tasmania left yesterday with the Brazil and River Plate
mails. The Sultan, with the Peninsular mails, is expected
on Tuesday.

Two deputations, composed of a large number of noble-
men and gentlemen, had an interview with Viscount Pal-
merston, on the subject of the establishment of Milford
Haven as the port of arrival and departure for the mail
service to Australia via Panama.
TENDERS FOR THE AUSTRALIAN MAILS.—The decision on
the tenders sent for the Australian mail service by the
Panama route has not yet been made, and we believe there
is no ground for snpposing that it may be delayed until after
the enquiry of the select committee on postal contracts has
been concluded

GOVERNMENT contemplates laying down a telegraphic
cable from Falmouth to Gibraltar, but tenders for the con-
struction of the cable have not been invited. The Gutta-
Percha Company are manufacturing the covering. The
submersion of the wire can scarcely be effected before next

I,)ring,

ACTION FOR LIBEL.

ERNEST JONES AND MR. G. W. M. REYNOLDS

COURT OF QUEEN'S BENCH.---..SATURDAY

(Before Lord Chief Justice Cockburn and a Special Jury.)
.

JoNs v. REYNOLDS.—This was an action brought by
the well-known Chartist, Ernest Jones, against the
defendant, the publisher of Reynolds's Newspaper and
Reynolds's Hisalany, for a series of alleged libels,
reflecting upon the plaintiff's character. The defendant
pleaded "Not Guilty;" and a justification.
The case excited considerable interest amongst the
members of the Chartist body, and the court and avenues
were densely crowded.

Mr. Edwin James, Q.C., and Mr. Kerslake were counsel
for the plaintiff; Mr. Sergeant Shee, Mr. Hawkins, Q.C.,
Hon. G. Denman, and Mr. Prentice, were counsel for the
defendant.

Mr. Edwin James, in stating the case to the jury, said
the plaintiff (Mr. Ernest Jones) was a gentleman well known
to the public, from his having taken an active part in the
political— he would not say struggles—but discussions of
the day. The defendant is the proprietor of a weekly
newspaper called Reynolds's Weekly Newspaper, and another
publication known as Reynolds's Miscellany. The defendant
claimed a circulation of 150,000 weekly for his newspaper,
and half a million for his miscellany, therefore the series of
libels complained of were wide spread, and had done him a
most serious injury, and under these circumstances he had
brought this action. The plaintiff is a gentleman by birth
and education. He was the only son of Colonel Jones, in
the 15th Hussars, who was equerry to the late King of
Hanover. Was educated for the bar, and in 1844 was called.
In early life he had espoused principles which at that period
were considered strong in their tenor and character, but in
this country of free discussion every man had a right to
express his views, provided he did not transgress the laws
of the country. The principles Mr. Jones had adopted
were known as the Chartist rights, consisting of six
—the ballot, registered manhood suffrage, annual