Northern Times.
Liverpool, Merseyside, England, 1859-10-31 00:00:00

96k for money and the account; Bank Stock has
been dealt in. at 226 -224- and. 227; Three per
Cents. Reduced, 24w 1 ; India- Stock, 222 224 ;
Ditto Debentures, V6l 97 and 961- ; the Bonds, 2
dis., and those under£l,ooo, 2 pm.; Exchequer
Bills are 275. and.Z.Os. pron.
The English Railway Share Market has been
firmer, although quiet. Caledonians have recovered
about 1 percent. Great Westerns, with London
and North-westerns, are per cent. better. Eastern
Counties and Midlands have risen ss. per share.
In the Market for Foreign Securities little
business was done ; but, on the whole, values
were well sustained. Mexicans are :a fraction
better,
.but Spanish show flatness. Original
Turkish arc firm at 78; and the New Sixes at
671. New Victoria Loan is quoted at 1092 to
110, and the New Indian at 103 k.
The quotation for French Rentes at ten minutes
past twelve to-day was 69 45, with a dull market.

MONDAY, OCTOBER 31, 1859

THE DAY'S NEWS.

THE Derby Banquet has moresthan realised the
brightest, and fondest anticipations of splendid
success. Never, perhaps, was public man the object
of am ore hrilliantpolitical demonstration than this
Banquet which has been given to the Prime Minis-
ter, and his colleagues of an Administration, the
unprincipled removalCif which is one of the foulest
blots that-stains .the escutcheon -of the' Liberal
party. Havinc, devoted so large a portion of our
available space to a report of the interesting pro-
ceedings of this great occasion-, whilst we are
precluded thereby •from presenting more to-day,
in the way of comment, than is given in the
article which followsthe brief paragraphs in this
department of our columns ; we are, at the same
time, u ndel the necessity of curtailing both-our.
local and general intelligence of the day—for
which, we trust, our readers will make all due
allowance.
The preparations for the expedition to China
must be in a much more-forward statethan people
had any idea of, since it is now expected. that
the vessels will be ready to sail from Portsmouth
for their destination as early as the day after to-
morrow. Such, at least, is the statement of the
Times, and our contemporary is usually pretty
well informed in such matters,
Considerable anxiety is now very naturally
shown as to the possibility of recovering the
bullion lost in the wreck of the Royal Charter.
Insurances have 'been effected upon it at Lloyd's,
it is stated, at twenty-five per cent. If it is re-
coverable at all, one would suppose'that such an
insurance was a very safe speculation.
Several reasons have arisen, since the removal
of Sir George Grey from the Governorship of the
Cape of Good Hope, for his resuming his late
post in that Colony. There was a strong desire
that he should.do so at the Colonial Office, and
influential parties interested at the Cape Colony
have been using their influence to effect that
object.- We now learn that Sir George has con-
sented to resume his former post. He made
this statement to a deputation that waited upon
him a few days since.
Concurrently with the prorogation of Parlia-
ment, the Convocation of the Prelates and Clergy
of the province of Canterbury ha's been prorogued
to Friday, the lath of December.
It will be seen by one of our latest telegrams
that the French Emperor has addressed a letter
to the King of Sardinia, on the subject of Italian
regeneration, in which he proposes that Italy
should be composed of several independent states,
united by a federal bond, each to adopt a par-
ticular representative system, and sallitary re-
forms, with a ratification of the principle of
Italian nationality, and the Confederation to have
its directing centre at Rome, the Pope himself
having its honorary presidency. The communi-
cation is dated from the Palace of St. Cloud, on
20th October.

IF any further answer was needed to the cavil of
interested critics, that Conseiwatives are without
a policy, the demonstration of Saturday will
supply it. The excuse, that our adversaries wish
to believe what they feign, cannot be said at any
time to have much force or merit. But now
that the absurdity of such a belief becomes every
day plainer to all men, the most credulous and
the most perverse will become ashamed of obtuse-
ness that will not have its eyes opened, or obsti-
nacy that refuses to be convinced.

We have a Constitution ; though Mr. Bright
has had a dream, and doubts it. There is a great
party that knows there is something to preserve
while it amends, and to defend while it modifies
nd adapts.

Unless gaturclay's Banquet teach some such
lesson as this, unless this is the reply which
it gives forth to all the envious, and all the
selfish, and all the ignorant, and all the
untruthful,—it was nothing. It was worse
than nothing. It was a scene where met
together children of a larger growth, to please
themselves " with a rattle," to tickle each other
" with a straw,"—where elegant triflers, amid
blazing lights, and variegated colours, and
streamers waving in the air, and much mock
enthusiasm, assembled a little world of beauty
and fashion, to see a costly amusement tripped
through gracefully, to see incense poured upon
an empty shrine, to see the antics of men puffed
up with inane flatteries of one another. But
what heart was there in that brilliant crowd
that did not awaken to a faith, long time indeed
suffering reverses, but never without its promise ?
Who was there that even the festive gaiety of the
occasion prevented from rising to the full con-
sciousness that there was yet a battle to be
fought, that the leader had raised the standard,
and taken the dispositions of the campaign ?

Conservatives, then, have something they can
believe in, something that binds them together,
something to trust to, something to DO. This
last is the highest lesson of all. The Banquet
was no mere, amusement, no mere outlet
for a barren sympathy, no channel for
idle gratulations, no mere regretful praise of
times and things that are past. The cause, in-
deed, which lent that night's inspiration has its
foundations deep in history, and in nature which.
is true always and for all ; but the hopes which
it prompted go far into the future, and map out a
course of vigorous and manly effort. Yet it is
not necessary to overlook the fact that the demon-
stration took the guise of a personal compliment
to the Earl of DERBY, and, through him, to his
Ministerial colleagues. It was peculiarly fitting
under circumstances with which we are all so
that a Ministry opposed by
painfully familiar,
petty and factious obstacles, having discharged very
difficult functions under sneers, insinuations,
affected suspicion, and even open slander, should
come down face to face with the electors, and
redress the injustice of Parliament with the
acquittal of the country. An address of confi-
dence might, on ordinary- occasions, be out -of
place ; on this, nothing could be .more appropriate
and becoming. While Lord, DERBY was in