The Northern Daily Times.
Liverpool, Merseyside, England, 1857-03-09 00:00:00

What we do in our Maker's cause, .it is very evident,
must be done quickly.
The achievements we propose are to be made soon, if
made at all ; for the sun will shortly disappear, the
twilight will come rapidly on, the clouds thicken, and
the light of day entirely go out. Then, it must inevitably
appear to us, that our strivings should be nobly great--
that what we attempt to do, should be well done ; in
other words, so Far to make life's business a duty, that all
these great thines may eventually be accomplished. But,
very likely, and as is too ifrequently :the case, we may
appoint a time for ourselves wren we will venture out on
the Lord's side. Is it not so? We may reason that we
will do so by-and-by, perhaps this year, or next year,
or when we are settled down in life, or at ter we have been
successful in business, or, perhaps, when we are old, or,
possibly, when we are about to die. Pis not oftentimes,
however, that the resolve is accomplished—the time is
future, and how few are there who can gainsay it ?
Let us, in conclusion, ask ourselves, with due serious-
ness, this all-important question, so far as essentially
regards futurity—a question of such vital magnitude per-
taining so immediately to every one of us, and a question
also that we should not lose sight of for a moment—if we
desire pardon and salvation in a future world ? Then let
us try and solva it most minutely, in order that we may
store for ourselves valuable instruction, not only for the
purposes of this life, but, moreover, endeavour to profit
thereby, and diligestiv and earnestly prepare ourselves
for a life hereafter.—Yours, &c., VERITAS.
Liverpool, March 14, 1857.

MONETARY AND COMMERCIAL.

THE CHINA QUESTION.

TO THE EDITOR OF THE NORTHERN TIMES.

Sir,—Why did so large a majority of the Bishops
oppose Lord Derby's resolution on China? because
they foreiaw that if Lord Derby was raised to
power, with Gladstone for his chief lieutenant in
the " Commons," all the influence of G wernm 'ut
would be exerted to maintain and strengthen
Treetarianism Now, if Protestant zeal, as displayed
on Liverpool platforms, be anything more than a
sham to delude the ignorant and unwary, how can
Protestant preachers consistently recommend their
audiences to vote for Horafall and Turner, the
avowed supporters of Lord Derby, who will submit
to no dictation, and the opponents of Lord Pal-
merston, who has done more for the Protestant
party in the Church by his recent ecclesiastical
appointments than any Premier who ever con-
ducted the Government of this great country.
Do the Protestant Church party intend to upset
by their votes, at the coming election, the influence
of Tait, Sumner, Villiers, Bickersteth, &c., &e., in
the House of Lords?

How can ministers of religion and influential
laymen consistently indulge in fierce tirades
against the Oxford theology and the grant to
Maynooth ; and, at the sane time, support by
their votes Lord Derby, the Chancellor of the
University, and Gladstone, its representative, upon
whom the hopes of the Oxfot.d party are fixed, as
their most able and indomitable champion ?
You can either destroy this communirtation or
publish it, as you think proper; the argument is
all the writer cares for, as it presents in a most
glaring manner the inconsistencies of the Protest-
ant section of the Tory party in Liverpool.—Yours
obediently, A LIBERAL PROTESTANT,

AND SUBSCRIBER TO YOUR PAPER.
Liverpool, 13th March. 1K57

FIRE IN HA AZ FE R STREET.

TO THE EDITOR OF THE NORTHERN TIMES.

Sir,—Permit me to correct a few errors in a
paragraph i.n your impression of Friday last
In the.first place the fire was not " extensive,"
for the damage will not amount to £7O; in the
second, it did not break out in the premises of
" Penn, Smith. and C 0.," but in those of Mr J. W.
Hunt, my sueeessor in the gas-fitting manufactory,
(to whose works my own warehouse is contiguous) ;
in the third, neither Mr. Hunt nor myself are
insured in the " Unity" Office, but in the Atlas
and Defender

I beg leave to correct these points in which your
reporter is in error. and at the same time to con-
firm, as strongly as possible, his statement that
had it not been for the remarkable vigour and
promptitude of the fire police, a large amount of loss
must have been sustained, not only in Mr Hunt's
valuable assortment of chandeliers, and my own
lavgl stock of copper, &e., but to a vast amount of
other property in the same pile —I am, Sir, your
obedient servant, W. PENN SMITH
Liverpool, March 14. 1857.

[Our report of the fire above referred to was
written immediately after the occurrence, and from
inform: ion obligingly supplied by the fire autho-
rities.—ED. N. T.J

SIR JOHN M.NEILL AND COL. TULLOCH

On Siturday there was issued a copy of the
correspondence between the government and Sir
John 11.1`Neill and Colonel Tulloch, with reference
to the offer of a thousand pounds made to them.
The letter of Lord Panrnure conveying the offer,
and Sir John M'Neill's reply, have already been
published. The following letters complete the
correspondence :-
63, Eaton square, 24 February, 1857.
My Lord, —ln acknowledging the receipt of your lord-
ship's letter of the 20th inst., I have the honour to express
my obligation to her Majesty's eovernment for the recog-
nition of the services rendered by Sir John M'Neill and
myself, and for the expression of your opinion of their
value.

It affords me also the utmost satisfaction to find, that
after the severe and v"ry unusual test to which the report
of my colleague end myself has been exposed, it should at
length have been honoured by the approbation of her
Majesty's government.
de, however, it would neither be in accordance with the
motives which induced ma to undertake this strviee, nor ►he
high opinion you have expressed of its value to accept any
reward of the nature proposed, I bog respectfully to decline
any pecuniary r,eomnense whatever,—l have, &c.

. .
(Signed)
A LEX • M TIILLOCH, Col.
The Eigh Hon. Lord Panmure, &c.

War Mee, Feb. 28, 1857.
Sir.—l have the honour to acknowledge your letter of
the 21st instant, in reply to mine of tho 20th.
I should not have thought it necessiry to add to this
correspondence had it not bten for the interpretation which
you have put noon a passage in my letter, and which I feel
it to be due both to you and myself to correct.

I certainly had no intention whatever to place a money
value on the advantages derived from your report, and, on
a careful perusal of my letter to you, I cannot help consider
ing that such a construction of its terms is somewhat
strained and hypercritical.
All tbgt T aimed at was to convey to you, in the most
courteous manna;, the offer of the government, and to
signify my regret for my own pergonal omissions in this
matter. I have, Bre. (Signed) P4NIfTIRE,
Sir John M`Neill.

Granton House, Edinburgh, 2nd March, 1857.
My Lord,—i had the honour to receive this morning
your lordship's letter of the 28th February, in which you
inform me that all you aimed it in your letter of the 20th
ultimo, was to convey to me, in the most courteous manner,
the offer of the grivernment, and to signify your regret for
yon' own personal omissions in this matter.
This assurance has afforded me the rr eitest satisfaction ;
and I deeply regret that the proceedings in regard to the
commission with which I was connected have not been such
as would have entitled me to assume that your lordship's
intentions were friendly or courteous, though the terms in
which you expressed them appeared to imply a different
meaning. I have the honour &c.

rSigned) Joisr M'NEILL.
The Right hon. the Lori Panty G C. 8., &c.

THE NORTHERN TIMES.--LIVERPOOL,

LIVERPOOL, Saturday Evening.

The demand for Cotton continues on a moderate
scale, at firm prices To day the sales were about
5 000 bales, including 1,000 on speculation and for
export.

The Liverpool Share Market was not so ft, na to-
day, and with little business doing we have to notice a
slight decline in prices. The transactions were, Bir-
kenhead, Lancashire and Cheshire, 68; Blackburn
; Caledonian, 351; Eastern Counties, 101; Lan-
cashire and Yorkshire, 1011; London and North
W: stern, 1041; Machester, Sheffield, and Lincoln,
371 ; Midland, 83 ; North Staffordshire, 5, d ;
Dovers, 221, 23, 221 ; St. Helens Canal and Railway
Shares, 90-1; Liverpool Borough Bank,
10 7.16, 103-; North and South Wales_ Bank,
; Lancashire Insurance 3 7-16 p ; the busi-
ness done for the next account was—
Caledonian, 35 5-16, 1; Eastern Counties, 10 13 16;
Lancashire and Yorkshire Stock, 1011; London and
North Western, 104* ; Manchester, Sheffield, and
Lincoln, 371,1 ; Midland Stock, 831; Dovers, 23 ;
York and North Midland, 311 The following
were the closing prices :—Blackburn, 81; Ches
ter and Birkenhead, 68, 681 ; Caledonian, 35/,
351; Chester and Holyhead, 181, 19 ; Eastern
Counties, 11 ; East Lancashire, 98. 981 ;
(treat Northern, 231, 24 ; do. A shares, 10k, 108 ;
Gi.,:at Western, 68/, 691; Lancashire and York-
shire Stock, 101*, 1021; Liverpool, Crosby, and
Southport, 191, 193; London and North Western
Sock, 104, xd 1041; ditto 8 shares 3-16, xd 14 ;
Manchester, Sheffield, and Lincoln, 37, 371; Mid-
land Stock, 831, 831 ; North British, 11 11-16 11
13 16; North Siaffordshire, 5, 414 ; South Eastern
and. Dover, 22 15-16, 23; Scottish North Eastern,
13*, 141; North Eastern—Berwick, 211, xd 211 ;
York and North Midland, 31, xd 311 ; Leeds capital
Stock, 191, 20 ; Buffalo and Lake Huron, li,
11 p ; Dutch Rhenish, 1-16,1 p; Great Western of
Canada, 263, 261 ; do. New Shares, 31. 3/p; Great'
Luxembourg, .101, 100 ; Grand Trunk of Canada,
13, 131.

A very active demand continues to be experi-
enced for money, and full rates are in every
instance demanded. Although the enquiry at the
Stock Exchange has not been so extensive as pre
viously, through the diminution of speculation in
English Stocks and Railway Shares, the demand
to provide Bank Notes for the purchase of Gold to
send to the Continent, has increased the pressure
which now has become almost permanent. The
high rates of money check the development of
trade, and prevent adventures, which would other-
wise be accompanied with a profit, from being
prosecuted, hence remarks are freely made
by the mercantile interests of the existing
anomalous situation of affairs. It is already
estimated that the steamer for India and
China. on the 20th, will take out as much as
£600,000 or £700.000, and the exchanges announced
by the Overland Mail from Calcutta, Bombay, and
Shanghai, are regarded as unfavourable, and of a
nature to stimulate the shipments to those parts
Under these circumstances the enquiry for Money
will be maintained, and if temporary ease were to
be experienced, the introduction of the Russian
railway scheme, the Turkish National Bank, the
International Bank, and other undertakings
requiring large subscriptions, would again
produce that stringency which has been the
leading characteristic of our financial position
during the last six or seven months. We
regret to state that some very heavy failures
have been reported during the week, and
suspensions, it is feared, will take place. Very
serious loss has been incurred by tradesmen in
Southampton, through the failure of Messrs. Cop-
land and Barnes, of London, who had a contract
for victualling the Royal Mail Company's ships.
Large quantities of the victualling stores were
supplied to Messrs Copland and Barnes by the
Southampton tradesmen. A very great sensation
has also been caused in Southampton by another
failure, that of one of the most respectable men in
that town. With respect to the late Greek and
other failures, we learn that a committee of consul-
tation has been appointed to investigate the affairs
of Messrs. Franghiadi and Sons, and at present
their assets show an available amount of about
three or four shillings in the pound. The debts
and liabilities are £125,000, and the assets £48,000,
but as £29.000 of this amount depends upon
remittances from the house in Alexandria, whose
position is doubtful, it is feared the amount
involved may be partially sacrificed. The firm
commenced with a capital of £15,000, but the losses,
extending over a period of less than two years,
have been upwards of £30,000. A great number
'of the creditors are in favour of winding up under
inspection, but two of them exhibited a disposition
to carry the estate into bankruptcy; it may be
eventually administered there. The house pos
sessed branches at Galatz, Alexandria, and Trieste,
and was thus enabled to enter into laraaa trans-
actions. The estate of Messrs. P. Sinanides and
Co., although less indebted, does not show a more
satisfactory state of things, and a considerable
portion of the amount available also depends upon
the proceeds to be received from Alexandria.
The house in which they are interested in that
city stands indebted to the London firm to the
extent of 4200,000, but it is apprehended that
they are not in a position to pay it. If this
should prove the case the creditors will not be able
to obtain more than 2s. in the pound, the debts
and liabilities amounting to about £36,000. Specu-
lations in colonial produce, corn, cotton, and other
fluctuating articles, have occasioned these losses,
and in both cases the greater amount has been
incurred during the last twelve or eighteen months.
At present the affairs of Messrs. Swayne and Bovill
have been confided to the administration of in-
spectors. If the whole of the assets in this case
could be realised at their valuation there would he
a surplus, but, as about 900,0001. is put down for
patents, it is diffienit to fix the amount. Apart
from this the statement to the creditors would
lead to the impression that a dividend of lls. to
12s, may be secured.
The Consol Market was rather stronger to7day,
and, with a fair demand for stock, an advance of
per cent. was established, closing firmly at 931
to 931-, for money, and 931 to 93i for the account.
Exchequer Bills were firm, at 3s premium.
The following list shows the fluctuations in
Consols during the past week :
Lowest Highest Closing

prices. prices. prices.
Monday ..... . . Money 931 934 931
Account . . 93z 93i 93./
Tuesday Money . . 934 93? 931
Account . . 9334 93-4 931
Wednesday
Account .. 93 93.1 9314
Thursday
Account ... 931 931 931
Friday MonOy . . • 931 93A- 931
Account . . 93a 931 931
Saturday Money • • 93& 931 Oat
Account 93t 93! gai

" Making up" day in the Railway Share Market
is chiefly connected with the settlement. To-day
was no exception. The current rates of " contango "
have been 4 to per cent on Great Western, I to
on South Western, 1-16 on Caledonian, 4 to K on
Midland, 1-16 to_ k on South Eastern, on Great
Western, on Lancashire and Yorkshire, and
to I on Brighton. With regard to the prices at
which business was done, there is no important
movement to report, but they were generally lower.
The heavy shares, including Great Western, North
Western, and South Western, recoiled about;,, but
late in the day more firmness was apparent. Great
Northern ruled steady, aild North 13ritish, as a
few others, closed with increased firmness. The
Colonial lines were quiet, but their value was fully
supported.
The following were the closing prices :
Ambergate, Nottingham, and East Junction, 4-1
ex d; Bristol and Exeter, 90, 92 ex d; Caledonian,
704, 704 ; Chester and Holyhead, 37, 38 ; Eastern
Counties 10a, ; East Lancashire, 98, 99 ;
Edinburgh and Glasgow, 56, 57 ex d ; Edinburgh,
Perth and Dundee, 36i, 372; Great Northern, 95,
96; Great Southern and Western (Ireland), 103,
105 ; Great Western, 68, 68i ex d ; Lancaster
and Carlisle, 72, 76 ; Lancashire and Yorkshire,
101.1, 101 i; -London, Brighton 444 Sopth Cow,

108, 109; London and North Western, 1041, 1041
ex d ; London and South Western, 104, 1042;
Manchester, Sheffield, and Lincolnshire, 37, 371 ;
Midland. 81. 811 x d, x n; Do, Birmingham and
532, 541 ex n ; Norfolk, 56, 38; North Bri-
tish, 46, 47; North Eastern and Berwick 841 851;
North Staffordshire, 51.4:i dis ; Oxford, Worcester,
and Wolverhainpton, 291, 30*; Scottish Central,
108, 110; Do Midland, 71. 73 ; South Eastern, 731,
741 ex ; South Wales, 84 861 ex d ; Buckingham-
shire, 93, 95 e.x d ; Hull and Selby, 107. 109 ex d ;
Eastern Counties Ex. 5 per Cent (No. 1), -;,/- pm ;
East Indian, 112. 114; Grand Trunk of Canada,
52*; Great Indian Peninsula Gua 5 per Cent,
211, 211 ; Great Western of Canada Shares, 261,
201 ; Madras Guth 4* per Cent, 191, 201; Ditto,
Third Ex. Gua. 5 per Cent,l,-, 1 pm; Scinde Gua.
O per Ccnt, 2, .2* pm.
Regarding the movements in Mines during the
week, the Mining founl of this day says :—" The
general Market for Stocks and Shares is dull, and
much change for the better is not expected to take
place tilt the general election is over. We cannot,
therefore, hope for a very active market in Mining
Shares, although to the present time there has
been more doing in them than in railway and
other stocks. Heavy dividend shares, almost
without exception, are flatter. Bassets 260 to 280 ;
Devon Great Consols 455 to 460."

The arrivals of specie' during the week reach
nearly £700,000; viz , by the Dolphin from Antwerp,
38 cases bullion ; the Rhine from Boulogne, 13
boxes 30 cases bullion; the Sydney Hall, from
Lisbon, 4 boxes bullion ; the Panther, from Bou-
lougne, 21 boxes 40 cases bullion ; the Mina, from
Smyrna, 1 box specie ; the Mermaid from Mel-
bourne, 41.892 ozs. gold, and 50,000 sovereigns, or
£217,500 ; the Albion, from Boulogne, 25 boxes 27
cases bullion ; the Blackwall, from Melbourne,
80,678 ozs. gold, or 322,7001; the Flora, from
Oporto, 5 eases coin ; the Rhine, from Boulogne,
10 boxes. 25 cases bullion ; the Baron Osy, from
Antwerp, 28 cases bullion, and the Wooloomooloo,
from Sydney, with 2 304 ozs. of gold, and 10001 in
sovereigns, or 10 2001.

Th exports during the week were about 54,0001,
viz :—By the Avon for the Brazils 32.9381 in gold
and 4001 in silver; the Alhambra for Cadiz
21,0481

The following are the Gazette average prices of
Muscovaho Sugar, for the week ending March 10,
1856, exclusive of Customs duties payable thereon,
on the importation thereof into Great Britain :
From the West Indies 37s 511 per cwt; Mauritius
43s fild do ; East Indies 31s 9,1 do ; average price
of the foregoing descriptions, 39s 311 per cwt.
The railway meetings have not been numerous
this week. The East Anglian Railway Company's
report, at the meeting of the 10th instant, showed
a large increase in the half year's traffic, which left
a sum available for all preference claims of 13,9551.,
which would pay the dividends on the A. and B
shares, and leave a surplus of 41 15s per cent. per
annum on the C. stock. A little discord took place
at the meeting of the West London Railway pro-
prietors, in consequence of the acceptance, I.*
the directors, of the award of Mr. Hawkshaw
for the settlement of the dispute between
this and the London and North Western
Company, the effect of which would be that
about £9,000 would be divided amongst the pre-
ference shareholders. The holders of the original
shares were the chief opponents, but the result of
the ballot was unfavourable to them, the report of
the directors having been carried by a majority of
2,300 shares. The meeting of the Great Northern
Railway Company has caused some excitement,
as might have been expected. The consolidated
stock of this company was said to consist of
8,412,0001, and the shareholders were 6,163. The
Chairman, Mr. Denison, admitted that the com-
pany had been robbed to the extent of 220,0001 by
Redpath, and maintained that the trickery had
been so clever that it was impossible for any
board of directors to have forseen any of those
disastrous results which had followed. Mr Hughes
proposed that they should make both directors and
auditors responsible. A shareholder suggested
that the setting aside of 15,0001 a year to extin-
guish Redpath's fraudulent stock, so as not to
disappoint the shareholders in their usual divi-
dend, would be most advisable. The chairman
said the surp'us of 213,9001 could not be divided
without an act of Parliament. It was then agreed
only to recive the report of the directors ; and a
resolution was passed for gelting the sanction of
Parliament for the disposal of the £243,000, and
the settlement of the Redpath frauds. It was
finally agreed that four shareholders and two
directors should farm a committee to investigate
the accounts, and report to the shareholders.
The only other meeting of importance during the
week has been that of the " East Kent," Fir John
Tylden, Bart.., in the chair. The object was merely
to sanction the raising of £230,333, by the issue of
debentures, bearing 5 per cent. preference interest,
and also for authorising the issue from time to
time of the Dover extension shares, the interest of
which was not to exceed the said amount of 5 per
cent. per annum.
Trade in the north of Ireland during the week
has been less active than of late. Rough goods are
in moderate supply, without any material change.
In fine goods not much doing. Lurgan market on
Friday was about average ; demand for Fine Lawns
was good, and prices firm. At Ballymena, fine
goods were comparatively neglected. The export
of Thread and Linen for the week is 1,013 packages.
In Yarns, the demand is becoming more easy, and
prices have slightly given way. The field work,
which may be shortly expected, will cause a falling-
off in the hands employed at the looms, when it is
expected prices will recede ; but from the lowness
of stoeks, the reduction can only be slight. The ex-
ports of Yarns for the week are 231 bales and the
imports 87. Flax, in the country markets, has been
languid ; the stocks of Riga are very scarce. The
prices at Londonderry, on Friday, were 45s to 50s
for coarse milled ; 50s to 56s for middling ; 57s
6,1 to 62s for good ; and 65s to 67s 6d for line
Handseutched, 37s 6.1 to 45s per 1241b5. In the
markets of the Belfast district, handscutched is
Os to 7s Od ; and milled 7s 6d to 16s per stone of
101bs At Kilrea, on Wednesday, there were 31
tons 6 cwt. 2 qrs. Flax weighed at the cranes
for purchasers, and six tons remained unsold .
Prices were 7s to Os 6.1 for milled ; and 5s 4d
to 6i 9d for handsc'utched, per stone. The export
of Flax for the week is 153 tons ; the import, 335.

Comnierttal Tnrelltature.

LIVERPOOL COTTON MARKET.—MARca 14

There is no change to report in the cotton market
to-day, the business continuing moderate, and prices
being about steady. The sales—including 180 Pernam-
bucos 7id, to Bid, 100 Bahias 83 to Bid, 300 Egyptians 9 i
to 111 d, and 700 Surats skd to 6d—are reported 5,0(,0
bales, of which 1,000 are on speculation and for export.

AGRICULTURAL PRODUCE MARKET.--MARCH 14.
Per stone, 201hs. Per 20Iks. s. d. sd.
,
s. U. P. d., Potatoes, Seedlings 4 1 to 4 5
Hay, old . , ... . 0 7 to 0 Bi' Ditto, Kemps .... 4 3 to 4 6
Ditto, new.. ... 0 oto 0 0; Ditto, Whiterocks. 3 Bto 310
Ditto, clover 0 64 .0 0 7a Ditto, Balshaws .. 3 6 to 3 8
Green Clover 0 0 to 0 0 Ditto, Beldrums .. 3 2 fri 3 4
Vetches 0 0 to 0 0 Ditto, cattle 0 0 to 0 0
Straw, wheat 0 3i to 0 4 Per ton.
Ditto, oat ......., 0 3i to 0 4Turnips 25 0 1(J ;',7 0
Ditto, barley .... 0 24 to 0 0 Carrots
Oats, In straw , ... 0 0 to 0 0 Mangle wurzel 26 0 tt 27 0
Manure i 0 I.' l':'. 7 6

LONDON TALLOW MARKET.—MARcu. 14.
The market is firm to day in all positions, at the an-
nexed quotations :—Town tallow, 503 nett cash ; Peters-
burg Y.C. for March, 675; March to April, 535; May
to June, 525.

MARKET AVERAGES.—TOWR tallow, 52s 01; fat by do.,
2s 91 ; melted stuff, 27s 61 ; rough do., 22s 6d ; tallow
graves, 15s; good dregs, 7.

LONDON MINING MAREET.—MARCH 14.
The market for home mining stocks is steady, with a
moderate amount of business. The chief inquiry for is
Tin Croft shares, which have improved, being marked 41
ex div. In the Stock Exchange Great Wheal Alfred
shares have also been dealt in at 10E; North Frances, at
201; and Wheal Edward, at 41.
Foreign descriptions are quiet.

The President of the Chamber of Commerce in Guern-
sey is now in England, urging on the government the
necessity of a lighthouse on the northwestern coast of
Guernsey, and a daily mail communication between Eng-
land apd the Channel Islands,