Northern Times.
Liverpool, Merseyside, England, 1859-08-05 00:00:00

NOTES OF THE DAY.

A document has recently been laid before Parliament, on
the motion of Mr. Digby Seymour, which is a reply of the
Shipowners' Society of London, to the Home Secretary, in
reference to the answer given to their address to the Queen,
'on the subject of the present great depression of their
interest. The Royal answer,—which, however, strictly
speaking, is that of the Home Secretary himself,—defends
those very causes of the depression of which the shipping
interest has so much reason to complain. The great point
urged in that defence is, that the progress of British ship-
ping has suffered no check, or reverse, while the progress of
foreign shipping in our trade was not greater before
the repeal of the Navigation Laws. To this, the Committee
o" the Owners of British Shipping, with every allowable
bitterness, reply that, "if a change from an average increase
of 73 per cent. on British tonnage under protection to 40
per cent., in a similar period, under free navigation, be not
a check on progress, and if an increase or advance from 88
per cent. on foreign tonnage to 133 per cent. be not a rapid
progression, then are their lordships right ; but if other-
wise, your committee submit that their deductions are
erroneous, and refuted by indisputable facts furnished on
their own authority." This, we think, is unanswerable.
But we shall take an early opportunity of presenting our
readers with the document itself.

It is lamentable to observe the pertinacity with which the
workmen of the Loneon Building Trade persist in their
mischievous resolution to stand out for ten hours a-day
wages, with only nine hours work. The meeting in Hyde
Park, which, we are told, was attended by as many as
twenty thousand of them, very plainly showed, by its pro-
.l.s, how far their zeal for short hours and long wages

has outrun their discretion. Nothing, it is evident, will
bring them to their senses, but a little sharp suffering ; and
this, the masters appear determined they shall receive. The
worst of it is, that their innocent families must suffer along
with thAm. • „

AUGUST '5, 1859.

The spirit of revolutio; which the Italian war has
excited, is far from subsiding. Insurrections_ continue to
break out in some of the Italian States, and in Tuscan!
there have just been two separate outbreaks, one in fa"ni
of the Grand Duke, and the other in favour of a Republican
t4Overnment. These risings have, for the present, been Put
-down, though- not without loss of life, in some instances'
They indicate a state of the public mind which it will 13°
tdoubt take a long time to calm and settle.
The last financial, accounts from the United States mitst

be very satisfactory.to the commercial interest of this comb/.
It appears, from the last week's Bank statement, at New
York, that there had been an increase in the deposits there',
of upwards
.of a million of dollars, and of the specie in hand'
of about three-fourths of a million. It appears, also, that the
New York banks still hold upwards of 23,000,000 of specie'
notwithstanding that shipments have been draining the
markets, for some time, of the twenty-dollar gola pieces. It
evident from this, that New York is the great recipient of the
gold of the country. It is anticipated that there will be.; 1112
healthy activity in the autumn trade,--unless indeed, the
grain crops should have received, which is scarcely probabiet
now, some unexpected reverse, and the Cotton 310„,1ie,,
,
should be stagnated, which is, also, not very probable.
only thing likely to interfere with the prosperity that 15
thought to be in prospect, is the fact, that the importatior.:
for the autumn market, have been of an enormous
Should, however, the demand that has been calculated tel
be realised, all will be right, even in this respect.
One would think that there ought to be more to sh°/('
than there is, for the great expense which the count
incurs for its disembodied militia. The estimate for the
charge, it appeal's, by an official return, is almost 1131fli
million sterling. The great bulk of this, large amount' ":
appears, is expended in raising and training. the milttis'
there is also a portion of it retiring allowances to office
and the charge of out-pensioners of the militia and
militia. Still, we humbly think, that this half-milli'
sterling ought to give the country something more effecti::
in the way of military defences, than there is any appearail—
at present, of the militia being entitled to be considered'

THE LATEST. NEWS.

EGYPT.
MASSACRE OF THE FRENCH CONSUL AT A-

MARSEILLES,

August 4r

The English steamer Nepaul arrived with lette:
from Alexandria to the 26th of July, which anneal!,
that a French Consul, on the coast facing the to
of Aden, has been massacred. No details respect
1
the event are given. An English squadron, e()
posed of five ships of the line, one frigate, ancl,4°l,
sleop of war, arrived on the 23rd ult. at Alexatta7l
where it will be stationed for some time. It Was,
ported that another English division was expect'

INDIA

MARSEILLES, Thursdas

Advices have also been received from Bombay
the 15th ult. The mutiny of the sth Regiment
d
confirmed. Some of the disbanded soldiers are au'e
doning themselves to marauding and acts,of

THE ZURICH CONFERANCE,

, ThiIrSCW
Count Colloredo arrived here DRESDEN
this -afternoon,
3.30, from. Vienna, and left for Zurich at 6 p.m.

FRANCE

_
PARIS, Thur4dayb
The Courier de Paris says Prince Napoleon
left for Cherbourg, with two aides-de-camp.

REDUCTION IN THE RATE OF INTEREST
THE BANK OF FRANCE.
PARIS, Thursali
The Bank of France has reduced the rate of 1
count to_ 31. per cent. . .

THE FRENCH FUNDS..
PARIS Thursday',
12.2 p.m.—Rentes opened at 69 40 and fell imp
diately to 69 30, tendency heavy. 3.35 p. 111.2
reaction has taken place. The Bourse closes of
mate yet firm. Rentesiquoted 69 55, being a rid
10 c. as compared with yesterday's prices.

war Ill*

tinue

TuseBlll

a favour

cootil