Northern Times.
Liverpool, Merseyside, England, 1857-11-13 00:00:00

Liti-USEEIENTS, PUBLLO

THIS DAY.

TIINArs.2 ROYAL—Professor Anderson-7 p.rn.l
ROYAL Ass palTnE.lTE.E—Draniall Po-formance —7 p.m.
PanciAnmorno HAlL—Photnas's Grand Concerts-8 p.m.
MINGLE:e3 CIRQUE VAMETE, Daly-street.-7 p.m.
LIVJUPOOL ACADESIY'S EXHIBITION, Postoffice-place.
iaora.t. COLOSSEUM—GenoraI Entertainmoat-6.30 p.m.

Ca- For sdve, tl,ement I_s°9 scco:d piza.

'r4Vi •,,,,,,... Ft. IttA ,r 2 ,d, t ~-.;„:,:t„
... ,
tp, , C J, Itr l' f! a 101 ye
VA.,.• - ;,' 4, ....'2.)

FRIDAY, NOVEMBER 13, 1-S-37.

THE DAY'S NEWS.

The Bank '.et of 1811 has been suspended—not
-rescinded—on the understanding that the Bank of
England will not lower their rate of discount-from
the present standard-10 per cent. We in another
column publish the Movernment letter, signed by
the Premier and the Chancellor of the Exchequer,
and addressed to the Governor and Deputy Go-
vernor of the Bank of Sogia.nd. 'his letter states
that her Majesty's Government see, with much
concern, the many failures th-it have taken
place, including Jcint-stock Banks in Eng-
land and Scotland, and the distrust in com-
mercial circles wniehihas been endangered thereby,
and therefore will introduce a bill on the assem-
bling of Parliament to indemnify the Bank of
England for any notes which they may issue
above the emotion authorised by the law of 1841;
but to prevent any abuse of this authority the
Bank is not to reduce their rate of discount below
the present figure. The facts contained in the
letter alluded to were known on the
Liverpool. Stock Exchange shortly after three
o'clock yesterday afternoon, an I there was im-
mediately a re-action in the market,-which closed
at a considerable advance upon the prices previously
current. On 'change it was not definitely an-
nounced till after four o'clock, bat its advent was
hailed with much satisfaction by the many mer-
chants there assembled—indeed, it seems to have
been slightly anticipated, as we never re-
member to have witnessed the attendance
of such a large number of the heads of
our leading firms as were las:, evening
congregated on our Exchange flags. Brokers
who, previous to the latelligence being made
known, had offered their produce at an almost
ruinous price, immediately retired front the
market, and would not do business at their former
demands. The difficulties of the Liverpool
Borough Bank may now .be said to be at an end.
Yesterday, the adjourned mere:inn of the Share-
holders was held at the Bank, at which a series of
resolutions were passed. They are in reality the
same as those previously agreed to—Deposits up
to £2OO are to be paid on demand. These
above that suns are to have bills supplied them : ss.
in the pound at six months.; Os. at twelve
months, a.ed Os. at eighteen months, and Os. at
twenty-four months—these bills to bear interest at
the rate of 7 per cent. per annum. The Bank is to
be wound up, and a convnittee of five gentlemen
have been appointed to carry out the resolutions.
No doubt the Bank will, under a new name, and
a new management again resume business. The
crisis in Glasgaw is settling down. Yrserday
the run on the Glasgow Banks for gold was very
slight indeed—arid the notes of the two suspended
Banks, the Western of Scotland, and the City of
Glasgow were received in mercantile circles at par
Notwithstanding that such excitement hee pre-
vailed respecting monetary affairs, the news from
India has come in for its full share of discussion.
According to the leading journal., the news is
glorious, and, after five molithii. suspense, we may
breathe freely. "It may now, indeed, be said, that
the Indian mutiny is at an end. To cheer and
support us in a great flaJnAil crisis we have the
news that the most deadly perils have been escaped
and the most brilliant SliCieSS:-S gained on the field
-which has so -long fixed the attention of the world
All that now remains is to follow up the victories
which have been so galautly won—to drive
the enemy not only from the great towns and
the military stations, but from the villages and
plain 3, and to deliver the unhappy provinces from
the scourge of a laTless and desperate soldiery.
There is, no doubt, still much to do, for 100,000
armed men cannot be dispose t of in a month or
even in six months. Bat we have no longer before
us the apparition of a hesnle Empire, capital, and
army. All that rernaiii is a set of isolated bands,
ravaging the country Without purpose, system, or
hope of success. To route and exterminate this
ruffian rabble must he the work of the troops who
have by this time poured into the country, but
who will have found the main strength of the ne.uti-
neers destroyed before they arrived." It would now
appear that the opinion current among political
and military rani is that nothing is left to be
accomplished but a srries of minor operations.
It is no longer the 1.:•:01:1.1ile3t, but the paciliina-
tion of Bengal and the North \Vest Provinces
that has to be acehieved. Nothing would conduce
more effectually ao trauquilise the dioiffeeted
than the news that the " King of Kings" had
been reprieved by a Brtish captain of cavalry,
while his sons had been shot is the scene of their
discomfiture. Tae Punjaub continued to be free
from the insurrectionary taint. Possibly, advan-
tage may be taken of the di turbed staee of the
roads between Mooltan and Lahore, to represent
that territory as rebellious; but cur readers were
acquainted a fortnight ago with the fact
that a few robber tribes 11.14 tak en advantage
of the Sepoy mutiny to renew the system of plun-
der hithertd checked by the brilliant administration
of Sir John Lawrence. The agitatiots, though
inconvenient, has no political me.artiug, signifying,
nothing more, in truth, than the natural disposnion
of brigands to make the most of a time during which
the ordinary police are ene,aged ie military duties.
The British o.nnunistriener Inste be depended
upon to es:Create th tee E 011:( of annoyance.
As to the Madras Peeshienno, thisteiken
loyalty is a most sin r isfacZey sign that our general
authority has not been impunned. The defeat of
the Bengal rebels by nativ, troops near Jabbul-
pore must laive disheartened those who sill
counted upon an insurrection of the low-cote
renimente. That the Itajpootana districts are
more or less disturbed was known some weeks
ago; the present mail brings no inure than a
vague confirmation of that intelligence. The
Bheel outbreak is neither more or less than an
enterprise on the part el confederated and
hereditary lilieve3; bt.o it is an Important piece W'
infermation that the southern Islahratta .States,
and the Ninam's cottatry remain perfectly quiet.
The rebellious faction its Sindh has been kept
under, although its spirit has not been entirely
quenched. A &spate'', which we publish the
morning, dated Bombsy, Oet. 17, intimates th tt
the rebels have been beaten everywhere, and th
the country is quiet. Let us hope that there is no
exaggeration in this staterneat.

. .
As tne time for the mserabling of parliament
approaches, hon. members are most assiduous in
their endeavours to propitiate the good .fe.,3lin,,
towards them. Aceor tingly, they are now ren-
dering an account of their stewardship, and
without doubt, they put as good a gloss upm their
conduct as they poe&bly can. Mr, Itoupell has
jest been addressing the Lambeth coristitue:ley.
He was dissatisfied that no measuro of refnrm was
brought forward last session, and also that Mr.
Berkeley's motion for the ballot had been unsuc-
cessful. He severely blamed Lord John Russell
for his opposition to this measure. He supported
the Superannuation Bil!, but was against the
Divorce Bill. He objected to largo territories
being under the control of a joint stock compan3
—the Hudson's Bay Company, which was no bene-
fit to this country, He then, amidst loud cheering,