Northern Times.
Liverpool, Merseyside, England, 1857-07-22 00:00:00

.I)AMAICA.

MONETARY AND CGAIMERCIA.L.

LIVERPOOL, Tuesday' Evening.
The Cotton Market keeps very firm. Toeday the
sales were about 10,000 bales, including 2,00 G on
speculation and for export. The New York market
on the Bth inst. was steady, with sales of 1,500
bales. The decrease at al! the Southern ports,
c. 'neared with the same period last year, amounts
to 563,000 bales, thus bringing down the crop,
should there be • no further decrease, to 2,964,000
b ales, against a total supply last year of 3,527,000
bales. Some of those who fixed their estimates a
few months since as high as 3,150.000 to 3,200,000
bales, have felt themselves constrained to reduce
their figures to an estimate of about 2,950,000
bales, which, however, at about 60 dols. per bale,
will yield a larger sum than the whole supply last
year.
The Liverpool Share Market was inactive tc-
day. The sales were of a trifling description, and
prices were barely supported, We append the
day's transactions :-Birkenhead, Lancashire, and
Cheshire, 70 ; East Lancashire, 97, ; Great
Western, 631 63a ; London and North Western,
103.1 ; Manchester, Sheffield, and Lincolnshire,
431; Midland, 84, 844; Eastern Counties, 111 ;
Lancashire and Yorkshire, • 1004; North British,
Ili, 111. 111 ; Dover's, 221 ; Dutch Rhenish, 3i d ;
Grand Trunk of Canada, Mk, 14 1-16 ; Great
Western of Canada, 22 ; Liverpool and London
Fire and Life, 81p; Liverpool United Gas, 195. The
following were the closing prices :-Blackburn, 8,
Chester and Birkenhead, 6987-, 70 ; Caledonian, 381,
381; Chester and Holyhead, 18k,181; ; Eastern-Coun-
ties, 11 1140, 1 l 13-16 ; East Lancashire, 97, 971;
Do. 97. shares, 1, 9-16 p ; Great Northern. 241 25;
Great Western, 631, 63 ; Lancashire and Yorkshire
Stock 1008, 101; Do. 9/. shares, 1, 1 1.16 p; Liverpool,
Crosby, and Southport, 191, 191 ; London and
North Western Stock, 1038. 1031; Manchester,
Sheffield, and Lincolnshire, 431 43.1; Midland Stock,
8.11, 841 ; North British, 11 3-16, 11 7-16; North
Staffordshire, 4.1, d; North Eastern-Berwick,
224, 23; York and North Midland, 361, 36i• ; Leeds
Capital Stock, 22t, 221-; South Eastern and Dover,
22 7-16, 222; Scottish North Eastern, 12i, 12*;
Buffalo and Lake Huron, 46, xd 41, d ; Ditto New
Shares 41, xd 4d ; Dutch Rhenish, 31, xd 3 d ;
The excavations for the completion of the last 1,300 Great Western of Canada, 211; 22; Ditto New
Shares, 1,1 R p ; Great Luxembourg, 81, 8a;
ieet of the upper part of the East Bute D ,ek at Cardiff
Grand Trunk of Canada, 14 3 16, xd 141.
are now hello, carried on. This dock, when finished, will
be near:y a mile in length, two-thirds of which will ba The Funds to-clay were extremely quiet, but
500 feet in width, and the average depth of water will be steady, though Consols are somewhat lower than
25 feet. The works at Penarth are progressing satisfac on yesterday, the closing prices being-for Money,
torily, and a large body of men are regularly employed. 91i to 92 ; and for the Aeeount, 921; and the new
PROGRESS OF THE GREAT EASTERN.-The results of Three Per Cents at 921. The Money Market con-
the labour of more than 1,000 men, continuously employed tinues to be well supplied, and the tendency on the
upon the Great Eastern, are showing themselves snore terms charged for accommodation is still in the
evidently every day. During the last six weeks great direction of increased ease. This induces many to
progress has been made in every part of the vessel. The expect a further reduction in the official terms
whole of the heavy parts of her machinery are in their before the end of the present month, because it is
places, and the work in this department is so forward
known that the financial situation of the Bank is
that, with one exception, it could be completed, if ne-
cessary, in five or six weeks. The exception is the crank being strengthened by the additions mode to the
axle for one of the paddle engines, a new one having to be stock of the precious metals and the diminished
cast, which will he ready, however long before it is re- inquiry for discounts. The last, bank return is still
quired. The paddles are in a very forward state, and form referred to as holding out a promise of extended
very conspicuous objects. The whole of the side decks of discount facilities, and it is therefore hoped that
the forward fi's'-class compartments are hal and caulked, nothing will arise to check the improvement. On
and several of the state-rooms are completed, as regards the Stock Exchange the inquiry for Money is
the work of the carpenters and joiners. These rooms will limited, and loans on Stock are procurable at
he of dimensions surpassing anything that has ever as yet moderate
quotations.
been sen in a ship. The arrangements for launching
Silver is quiet, but not lower, as it is expected
the Great Eastern are also rapidly progressing, and it is
now expected that this important event will take place that a demand will arise before the departure of
during the spring tides of October. the next steamer, if the Eastern exchanges are
Mr. TFIACKV.RAY AT ()seem-The fact is that no reported steady.
perusal of parliamentary history will account for the There was a moderate business done in the
candidature of William Thackeray. It is, like Thackeray London Railway Share Market to-day, and prices
himself, sui generis ; and the predisposing causes are of all description of stock remained unchanged.
peculiar-one personal to the honourable gentleman, the The following were the closing prices :-Cale-
other to the honourable city to which he is just at tangent (lonian, 76*; Eastern Counties, 118, 118 ; East
paying his addresses. Hitherto we used to consider the Lancashire, 974 ; Great Northern, 991,, 991;
compound term "Oxford" to represent the most opposite
Lan-
ideas-the university an.l the town,-the nnixersit cashire
y all Ditto A, 94k, 951; Great Western, 631, 03:1; Lan-
that was learned, exalted, virtuous, and conservative ; the a and Yorkshire, 1001 101 ; Leeds Northern,
44 e •143 • London and North 'Western, 1031, 1031 ;
town all that was unlearned, low, pandering, and destruc- -' '
London and South Wes M tern, 1001, 101 ; an-
tire. The oldest wars of barbaric mythologies were
immortalised in the perpetual warring of the gownstnen, chester, Sheffield, and Lincolnshire, 431, 434 ; Mid-
issuing forth in their majesty to take vengeance on the land Stock, 84*, 841; North British, 45k, 46; South
townsmen as the ministers of that abominable thing, trade. Eastern and Dover, 74, 751 ; York, Newcastle, and
t_ ,f lite years, however, Oxford city has awakened to the Berwick, 92, 93; York and North Midland, 731
consciousness that it has a soul as well as a mayor ; it has Great Western of Canada, 21*, 22*; Grand Trunk
launched into the cultivation of the amenities,' in c)lnce- of Canada, 141 ; Oxford, Worcester, and Wolves.-
tition with the humaeitits of the undergraduates; it has hampton, 354,
a"complished gentlemen amongst its burgesses. and wants The Grain Trade remains in a very dull and
a burgeei to give it condign representation in Parliament.
Now Mr. Thackeray is one of the most distinguished men inanimate condition. The amount of husineis
of the day, if not in "scholarship," yet in living literature.i going forwards of a most meagre description, and
But amidst all the honours which he' has received, he has prices of wheat and flour have met with a further
not yet been enabled to add after his name those two decline.
coveted letters, M.P. Why not, if Oxford city is willing The shareholders of the London and Eastern
to run Thackeray against Gladstone ?- Globe. Banking Corporation met yesterday. The ember-
ROBBERY BY MEANS OF CIILOIDFORM.-Oa Saturday, rassments of this sadly-mismanaged undertaking
a man, who gave the name of Abel Smalley, was brought, are too well known to the public to require reea-
before the magistrates at Rochester, charged with having pitulation. The shareholders assembled for the
administered chloroform to a sailor named William Young, purpose of being informed of what progress had
and robbed him of five sovereigns. The prosecutor, who been made in the liquidation. The liabilities have
had just been paid off from Her Majesty's screw corvette been reduced to 282.706/, and the assets to
Cossack, 21, was accosted by the prisoner, who was a total
169,096/. On the 11th April last they were
stranger to him, at the San Pier, Chatham, and, under
pretence of assisting him with his things he had brought
304,2407. and 231,010/ respectively. The deficiency
ashore, persuaded him to enter a cab. This the sailor did has been increased to 12 7101., so that, after all, the
and was immediately followed by the prisoner, the prosecu- result, although unsatisfactory, is much less so
for being perfectly sober. Directly after entering the cab than was at first predicted.
the sailor remembers that the prisoner suddenly threw his The firm of Henry Schwabe and Co., of Liverpool,
arm round his neck, imtnedia'ely after which he became have failed for about 60,0001. A composition is
insensible and could recollect nothing else. After driving said to be offered of Os. 81. in the pound.
for a short distance the cabman stopped to inquire where The amount of silver to be despatched by the
he should set his fare down, when he found the sailor quite next overland mail, on the 4th of August, is ex-
insensible, and to all appearance dead, the prisoner having petted to be large ; and as the 400,0001. which is
one arm round his neck and the other hand on his face. looked for from Mexico will not reach London
Prisoner then told the driver tt‘t he knew nothing about
in time supplies will have to be procured from
the sailor, and did not know where he was going, but the h
the continent. Soma persons anticipate that the
driver insisted on his getting out, and had the sailor
removed into a house, where he continued insensible for drain to India will be greatly increased, owing to
several hours. On recovering it was found that the the diminution in the demand for our manufactured
prisoner had taken five sovereigns out of a tin case, which, goods that must be consequent upon the existieog
the sailor had in the bosom o his d-ens. The prisoner, outbreak ; but, on the other hand, the payments
who denied all knowledge of the robbery, was remanded of the Indian Government to this count-ay for
for further examination. transport service and war material will by 'extremely
THE WELLINGTON MEMORIAL-A correspondent of the heay,
411anchester Examiner, writing from London, says :-The
The following are the latest quetations of the
exhibition of models for the Wellington Memorial has
opened in Westminster-hall. A hurried inspection of the Foreign Exchanges :-Amsterdane, short, 11 171,
eighty specimens of which it consists has convinced me to 11 18 ; ditto, three months, D. 19i to 12 ; Rotter-
that almost every variety of montrosity in the matter of dam, do , 1119/ to 121 ; Antwetp, doe 25 40 to 25 45 ;
monument and sculpture pith which art critics have made Brussels, do., 25 40 to 25 •15; Hamburg, do., 13
themselves angry or merry of late years, is well represented 81 to 13 8* ; Paris, short, 25 20 to 25 30 ;
there, while I have failed to recognise any design which ditto three months, .2:t 60 to 25 65; Marseilles,
really combines the requisite qualities of grandeur and do., 25 621 to 26 672 ; 'Frankfort, do., 1191 to 1191 ;
simplicity, without barrenness or poverty-of novelty Vienna, do ,10 29 tee 10 32 ; St. Petersburg, do.,
without the bizarre. Some of the designs are the funniest 36i to 368 ; Madrid, 482. to 481 ; Trieste, ditto 10
imaginable. Mythology and typification are as luxu• 30 to 10 32.
runt as in the cloistered aisle of Westminster Abbey. The meeting of the Commercial Bank of London
Nymphs. Btitannias, • all the virtues, Fame, Peace, has been held tc-day, at which the following report
War, Victory, and the rest of our old friends was submitted :-" The directors have now to place
weep, exult, bestow laurel,, wreaths, blow 'trumpets, or
before the proprietors the balance sheet for the year
do wonderful acrobatic feats on the edges of pedes-
tals or rocks in the manner dear and familiar to ending 30th Juno last, showing a net profit of
seelpters of the Georgian era. A large number of the 26,8101. 14s. 74., after deducting current expenses,
Tiroup3 are simple reproductions of the conventional style, and making provision for bad and doubtful debts.
in which the heroes of all the wars since the revolution of The directors propose to declare a dividend of 4
1688 have been handed down to an indifferent posterity. per tent. for the past half-year, making, with the
But there is plenty of individual eccentricities. One dividend already paid, 7i per cent. for the year,
sculptor gives us a. design in which there are tlairtee*:i. free from income tax. After payment of this
statues of abstract qualities, or concrete perseneeges, in dividend there will remain a sum of 4,1601 lls 9d
addition to that of Wellington. another, designing, I to be carried forward to profit and loss new account
suppose, to exhibit in the strongest manner the imper- for rebate of interest on bills not yet due, and a
turbable coolness of F.H., rests the stomach of his prar- furthersum of 149/ 193 101 to be added to the
eh; charger upon the very mouth of a bomb! Here you
have him shamefully exposed to ridicule in the attire reserve fund, which, with the annual interest, will
of a Roman legionary; while there he is laid out in a then amount to 73,272/ 19s 1 Od. It will be seen
sort of mediaeval effigy on the top of a box, round that the business, and, consequently, the profits
which stand what are called "representative men ?" of the bank, have been much reduced by the
When I say that Milton, William 1., Nelson, Blake, and unfounded and injurious rumours circulated in
Cromwell are thus -dragged into a monument of which the the autumn, which were brought to the
professed object is the least conspicuous feature, and that notice of the proprietors at the meeting held
the jumble is completed by two bas.relievos of the in December last. The directors are happy to
"Nativity" and " Resurrection," you will appreciate the state that the explanations then given, together
grasp or the wandering of this competitor's mind. There with the promptitude with which the pressure was
is a whole class of design's in which the Duke is represented met had the effect of entirely satisfying both the
either standing or riding on the top of a mausoleum more l
or less imposing, through the door of which you can see proprietors and the public of the strength and
him lying on his tomb below. The fancy for this kind of solidity of its position. The directors could not
double presentation is indeed carried so far by one artist expect, in the face of active competition, imme-
that he actually proposes to give us a statue of the general piately to recover the gr'm,ind then lost, but they
at the to? of a rock, and of the statesman at the bottom- have the satisfaction of stating that some of the
app:opriate virtues, &c., being attendant on each. Another accounts which hail, been withdrawn have since
artist has been so run away with by very misdirected returned, and that many new and valuable accounts
loyalty, that ho has resolved a Wellington memorial into have been. opened Since the commencement of the
a weeping queen and a lugubrious lion. A corkscrew present year. The report was adopted.
column, at the top of which the hero painfully balances The market for Saltpetre yesterday was rather
himself on a ball, while at the bottom it is proposed to
inscribe " England * (star)of endless resplendence," may eXcited, and a further advance of 6d to per
well wind up the list of original absurdities: If I h cwt' • was established. A large amount ()F. business
space I could without difficulty cull a rich bouquet of is also going forward in Tea. Tallow is firmer.
11mars of speech from the bombastic and eloquentl.; The Palmyra has arrived from Shanghai, with
incomprehensible descriptions which many of the aroists 688030011 as of Tea and 168 bales of Silk on freight.
have with -merciful intentions affixed to their Oennpiieatea One of the chief features in the, Stock Exchange
designs." yesterday consisted 9f f 5 iv.'ither great rise in

The Anti-Slavery Reporter contains the following re-
marks on the causes of the commercial declension of Ja-
maica, and the consequent backwardness of the labouring
population :—" A brief statement of circumstances bearing
on the general condition of the island may be useful in
to
this place, and may gerTs; throw light on the causes
which tend to fetter the energies of tan lab airing classes,
It is certain that, in 1838, at the period of emancipation,
Jamaica counted 600 sugar estates, and that in 1855 they
were reduced to 300. The causes that led to their aban-
donment were altogether independent of emancipation,
as was p roved bef ire the parliamentary committee on West
Indian affairs. The result, however, has been that a con-
siderable annual sum was withdrawn from circulation;
for estimating that only £2,000, a low average, expended
every year on each estate, for the cost of labour, we have
£600,000 no longer circulating, year by year, in
the trade of the colony as wages for work, in consequence
of the reduction of sugar culture on estates. Add £200,000
far coffee plantations abandoned, and there is a sum of
£BOO,OOO annually no longer representing the industry of
the plantation labourer. This loss of a market for wages
would alone furnish a sufficient reason why the people
cannot give as much as they formerly did, for the support
cf churches, during the period when they had no other
outlet for their savings or earning', or contribute
more for educational purposes. With a reduced trade
to constitute a revenue through the customs, the
island is encumbered by a heavy debt. That debt
was created by a vicious local legislature refusing the
ordinary supplies, and saddling the public with official
debts to the amount of £200,000, besides £300,000 ex-
pended in unproductive schemes of immigration, to replace
the labour of the emancipated peasantry when the
abandoned estates were daily throwing considerable
numbers of unemployed labourers upon the market.
The funded debt is £500,000, whilst the revenue to
meet it, and to provide for the current expenses of
government, is derived from a tax of 121 per cent.
ad valorem on the invoice of imported goods. The
calami les which have overtaken the island must also
not be lost sight of. Seven years of drought, commencing
in 1840, completed the ruin of the sugar planters, pre-
cipitated by the Sugar Duties Act of 1846. In 1850,
1851, and 1853, cholera, and, in the intervals, small-pox
and influenza, diminished the population by at least
00,000 out of 400,000 Let any unbiassed person take
these facts into consideration, and he will, we think,
admit that Jamaica and its population have nobly sus-
tained and come triumphantly out of, an unprecedented
struggle.