Northern Times.
Liverpool, Merseyside, England, 1857-11-10 00:00:00

EVANGELICAL ALLIANCF.

Last evening, a public mee ing of the friends of the
Evangelical Alliance was held at the Hope Hall, H p -
street, for the purpose of hearing addresses delivered by
several gentlemen who hail attend( d at the late conference
at 13.irlio. The meeting was 'twill at ended, having bce I
convened by public announcement at the various places of
worship the toe!) on the preceding diy. The chair
was taken by the Rev. D:. R flhs, who was accompanied
on the plajorm by sevoral,Assenting ministers, and other
gentlemen cotaseeted with the Aliance.
After the meetinT had been ope-ed, is the usual man-er,
by singing a hymn of praise, and a prayer by the Rev.
Mr.

The Rev. Dr. Rerrers britfle op-ned the meeting. by
observing, that from the placards on the was's, acid from
the aeneunceaaeuts from the several pulpit, they were
all well aware of the purposes fir which they had
assembled, therefore there was ro need of an opening
address from the Chairman. The•efore, as be had
nothing to explain, he ehnu'd call oe the different
speakers, who would g-ve slvm some interesting facts
canrec'el with the la..e Conference hold at Berlin, the
capital of Pressia.
The R-v. B.ReFee then add:, seed the meeting?, and
arter a few introductory remarks, proceeded to qua() the
c:reu nstances and r which the late meting was celled,
and then the objec's of the Alliance, the fir-e, great irtee'ine
of which was held in Linden in the year 1851. and
sir.e3 then in Paris, and in other large p'ssies.
He then described Berlin, but would leave it
to other; to give a desc iption of the coeferenc,
itself. On the day they met there, a' the King's own in-
vi avian, Frederick-William and his Princesses, and
persons from every coon ry, at Potsdam, worshioed their
God in one spirit of c-ne.erd. Ha next doer:bed a meet-
ine, h Id on a Sabbath morning, of 200 persons acepeinted
with the E tglish llngeage. which was the culminating
point, to hie mind, of the EvangePcal Alliance.
The R !v. Mr. GRAHAM Ft xt. addressed the meeting, and
gave a detailed account or the several meetings of thy
Alliance at which were held in the earrison church
ire tat conntrr, and lasted from lifore-!ay until he Thursday
week following. He also touched upon the topics as-
cu'sed at those meetinge, and the characters of those
who had taken a I ailing part in each suljcet reviewed
Ile thoucht that ,he result of such meetirgi would be a
great advantsge, to Germ my, because they had rever
been able to hold such meeting*, and :Ise that the seed of
religious liberty had been SOWN in that country, and el-
though they were then i,t the rock, they would ultimately
break forth. It had also done go-d, in the fact that she
E'glish had bnoml acTtaint3l with Groslnv,
many with England, and woa!d know each oher much
bet'er.

meetinz w s in.b•everitly aidr. :vied by the Ttw.
M.. Se't and Mr. lA'Fie, each of whom had aPo b •en
present at the conference, and of which they gave some
int,,resting detai-s. After a c Fee'rion, is nit of the finds
of tin A'tianc_!, art blesiing wis pronounced by the chair-
man, and the meeting separeed.

THE PR%SENT CRISIS.

T THE EDITOR OP THE NORTHERX

Sta--In these, times f ecornereill embarrassment, it
becomes alin.nit a du!y to pont ont any, and every means
which, upon mature rill ction, app-.lr cslculVed either to
relive the present cfsts, or to proven! its recurrence,
With() attemptiag argue the currency qu elan, I
may simply assume as a fact, th.st the circulation which
was consider, d sufficient, when the Bilk rssed, is
clearly in ,ufficien: for our pie ent largely inc:c tsed com-
mercial transacti Os.

In addition, however, to this difficulty, another is sailer-
add d by the 1 tw, which tends greatly t ) circumscribe the
us• of the capital in banking operatims.
I will quote, as an example, th, London Joint Stock
Banks, whafra printed reports are before me. I se'ect four,
whorl aggrega►e capital is un,l,r four milliocs, and whose
average diaifiends are ah•,u: fifteen p^r cent.

These es'abl.shments have ens iaued to allure about
fo ty millons of dep sits, or tenfold their osa
On an averale of years, these depositors have received.
from four to fi'o per cent. ftr their money, wtilst the
shareholders havo divided fifteen. ITow is this ? Are
London cinitalis's fond of sal giin.? Far from it, but
they dread the lirbility of till shareh,,lder, and prefer
bein,r deposi:ors at five, rather than shareholders at fifteen
per ce it. _ .

If this were the only inconvenience, it would be ttiflinp.
The fact, however, is, that these hulks are c-mstantiv
obliged to k 0,1 a vary larze pr ,portion of these depts'ts
q rite i lle, w:dting the etp•iN of the depositor, and thus the
carraltr.inn.
The remedy is simple. Giv. us a hank with lictited
liability, en I depositors will then become sharehollcrs.
fcarless'l and succes,fully. Tto deposi s would then be
co.avertel int. permanent bulking capital, and would n
longer bear, as at present, the uoseeally proportions of too
to one, but vvotild beca-ne more (goal, and a 1 trge amount
of the (tt present) idle coin, would fiat] circulation.
The t x ample of Lie rpoui may he q tote I as a woof of
what I have st4erl. The banking capital of this town is
notoriously ksaftleient, and yet, with an abund ince of
wealth, and al admitted want *o be supplied, no capitalist
will tall-ctib a to a new b so long as the law hot is his
entire propetty liable, though he naay Ito bat a holder of
ten char, s.

If tha priniple of linli`ed liabili'y in by k; amid be
es, ablished, h tate i. 9 w..,uld freely suhicrib, a potion of
their deposits, and thus a 1iq.7,0 elwa)s available
banking capital would irnmeiLtaly fa cc:l.4e.
Th 3 present cri.is is my only oplogy for thus int-nding
on your valued space. _H. C. B.

THE BILLETING SYSTEM.