Northern Times.
Liverpool, Merseyside, England, 1857-11-06 00:00:00

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FRIDAY, NOVEMBER 6, 1857.

THE DAY'S NEWS.

We may expect further telegraphic despatches
-with news from India, by Monday next. The
!intelligence by this arrival, is looked for with sense
anxiety, and it will he read with the utmost avidity,
as it may p:obably bring some details respecting
the fall of Delhi. In the-meantime, members of
both Houses of Parliament continue to discant
upon the subject of the Indian mutinies, with the
greatest gusto—and we are sorry to see that several
of these gentlemen, and others, have thought fit,
in their superior wisdom, to:fling asperations of a
not very creditable nature, at the press of the
United Kingdom. We would, however, direct the
attention of any of these would-be-censors, to
-4• read, learn, and inwardly digest" the following
from a London cotemporary :—" Whatever may
occur in the East, nothing has been recommended
at home that would not redound to the honour of
' English justice ; but, because they have not im-
plored pardon for unearthly.erimes, because they
have not Facade(' for the ghastly wretch who has
-smeared .his hands with infant blood, the public
j °tuna's are lashed by every pretender " with three
fingers and a smattering of grammar," who desires
to raise a philanthropic cheer. But this the
. Press has done—it has pointed out the men
responsible for our disasters; .ithas left the nation j
no excuse fir omitting to call apathetic blunders to j
account; it has stimulated the epatriotism of the
country; it has unceasingly urged the Government
to measures of foresight and energy ; it has sug-
gested a hundred agencies that might be set at
work, and which, after being treated for awhile
with scorn,. have at length been adopted ; and it
will persevere, until the last blow .is-struck, in sup-
plying the. place of Parliament during the recess.
They wha fear or envy it may .carp or cavil; it
possesses the confelenee of the nation ; when it
insists upon a- fallacy the fallacy will perish; but
if it oondescended more generally to sophisms and
Ilippancies, it wculd command the applause of many
who now repudiate its influence, while they cannot
"Weak the force or Its aitaluLlil. rc sn unit
candour and discrimination of our readers whether
:the Press of, Great Britain has not been of iuesti
amble advantage to the public service.; and whether,
n its absence, #here could be any equivalent gua-
rantee for the parity or vigour of the Administra-
, Lion. Consegle.n4y. we advise orators, .who have
invectives at the tips of their tongues„ to aim more
-.accurately, and to be sure, before they strike,
.whether their hancle may not be shattered by the
blow they deal against a power so much their
superior that it disdains to crush them -in detail."
The Earl of Salislaury has made an oration on
the education of the poor. He says that eociety
has reaped more iseaefi7, from the mass of the
_neglected children of the metropolis, than it lead
fre:n any number of others in a superior position.
The good conduct of tho children who had been
rescued from infamy .by the Ragged School
Society was such, that .people in authority had
• gene to their homes delighted with thear ,quiet
orderly -behaviour, and .a,,,lvineud that they were
worthy of all the pains that had been taken with.
them. ,1.1-is Lordship itiva.r.eel many occasions on'
which the poor had conducted themselves sceas to.
• bean example to the higher classes, and in noticing.
the coneht of the soldiers, who are taken from the'
poorest of {.he people, he said that their behaviour;
at the siege and storming of Lelhi was of the most
noble nature, and when they were loading' their
guns, and the word ran along ale lines, " Now, my
boys, remember the women ; remember the babies."
—when their .excitement was at its height, Genere.
Wilson issued..a.n order, that though stern justice
must be done, yot, for the sake of the religion they
'professed, and the country to whiek they belonged,
they must spare.the women and eatialren. Tne
-suit of it was, that when they entered the place they
took the woman and children under their care, and
.not ono was injured Here it wad that this prin-
ciple was instilled into them, and it had shown its
;effects, to the honour of their country ,and the re-
ligion they professei. Perhaps the worthy Ear
(has received a teiegraphie despatch kiirect from
_Delhi, so that he .knot's all that has beZm done
Aliee. All we .and tie rest of England'. are in
possession in respect to the fall of Delni
is, that- the city woe taken on the 28 h
September, but whether the ()Mar of General
Wilson was obeyed, we cotiriet tell ; let us hoteever
hope for the credit of English Soldiers, and the
araraeity of the Est.' Shaftesboxy that it wae.
The .Black eentbstnan, Pepple, late King of
Bonny, on the West Coast of Africa, and who was
rescued by one of H.M. Crusera from the fury of
Imis soajects• some year or two agr, and brought to
England for safety, has written a letter to the
Lowden .journals—at least he has had it written
forleite, for one rather think, thatheis not acquainted
wids caligraphy. The subject upon which the
King of the slave tradieg darkies writes
is a proposition of his of a -" Christian
Mission to . Grand Bonny." His Msj esty
states that some time since he applied to
his grace the Archbishop of Canterbury,aaentreat-
ing his aid in estabiiehing a Christian mission at
Grand Bonny (on important trading place feet palm
oil, in West Africa), where there never has been
such, although fur twiny years past I have, used al'
the means in my power to accomplish my object
Also, in 1848 I wrote to the Rev. Andrew Scalar-
'ilk, of the Presbyterian Missionary Society, WI
with no success. El's Grace the ArehbishoP .01

Canterbury referred me to the Church Misdiorary
Society, Salis'may,square,l'icet-street; and on the
6th day of March ultimo, by their appointment, I
hgcl interview with the secretaries there; but I
regmt to say that pay application was not enter-
tained thcm " And what think cur readers is
the con:tlusion which J'l3g P.pple arrives at?
Just merely this—that the results of his codes-
yours aro not consistent with the objects of
Christianity, and the object of Missionary cstab-
shm en ts,

The inauguration of the Liverpocil g.teen's
CA.tilege, passed off yesterday with the greatest
mkt. Lori Broug!tom took part in the proceed-
ings, anl made an excellent widress on tbo

occasion, was INtelled to with the utrxios

attention. %William Brown, Esq , MP , also made
a short speenh. The proceedings will be found
reportedatlicngth in our columns of this morning.
The usual weekly meeting of the Dock Com
mittee was held yesterday. A deputation from the
Chamber of Commerce attended, and urged upon
the committee the desirability of continuing a
Liverpool office in London. The various com-
mercial bodies quite concurred in the necessity of
such office not being abolished. Some discussion
on the point then took place, and it was intimated
that the committee would give the subject their
fullest consideration. A report of the sub-com-
mittee on Dock Accommodation was read. It
is recommended that the notices of applying to
Parliament in the next session, should include
powers to borrow a sum of £8136 ,000 for extensions
and irnprovaments of dock and quay accommoda.
•tio. on the Liverpool side of the river. In con-
nection with this report, the Chairman intimated
that he had received the resolution adopted at a
meeting in Manchester, on Wednesday. (which we
have already published); but he said that it was a
question that was entirely in the hands of the
Liverpool Corporation, and the New Dock Trust,
coaseqaently they could not take any action
' upon it. Mr. James Holme, in, strung lan_
guage, condemned the conduct of the gentle.
men who attended the Manchester meeting.
and refuted several of the statements made
there. After some further conversation, the
report was adopted, and the solicitor ordered to
prepare the necessary documents, the committee
aireeing to acknowledge the communication from
Manchester, stating that the 'Birkenhead docks
were at present in the hands of the Liverpool Cor-
poration, but that the Dock Committee would be
happy to meet the commercial bodies from Man-
chester if they would come and inspect the works.
The meeting of the Toxteth Board of Guardians
was held yesterday. A long discussion took place
on a letter which had been published in a Liver
pool paper, respecting the appointinent.of a Regis-
trar for Toxteth cli3trict. The memorial from the
ratepayers who had, at a public meeting, condemned
the erection of a workhouse in the union to accom-
modate 1,000 persons, was read, but it did not have
any effect, as the B•)Rrd came to the determination
to carry out the original resolution, and build a
house according to the plan sanctioned by the
.Government Inspector.
The Wallasey Local Baird of Health held their
meeting last night, but no business of importance
was transacted. Some officers of the Board were
appointed.

Tee news from abroad this morning is interesting.
M De Bronchere has failed in the task of forming
a new B Igian Ministry, he being of opinion that a
dissolution of the Chambers is necessary to secure
stability. The King, however, is averse to such a
meatlar and has sent for another member
of the left or liberal party, whose name has
not yet transpired. The Halstein affair is
rapidly progressing. It is said that the
Diet has received an o:Th:Yial note from the
English Government, indicating its opinion
that justice should be done to the Duchies. We do
not know what credit is to be given to the asser-
tion, that Lord Palmerston has sent officials to
Holstein to inquire and report on the foundation
of the' complaints of the Holsteiners. The ma
jority s•f the German States have already privately
informed the Prussian Government that they
coincide with its views in this affair, The
impression that the new Austrian newspaper tax
would prove injurious to the cheap press of Vienna
is confirmed by letters from that city, which
describe it as a c3tnplete death-blow to the •
sprightly little journals, which form a charac
teristie feature of the Vienna, as well as the Berlin
press. But the high-priced newspapers in Vienna,
with great discernment, do not separate their
cause from that of their cheap cotemporaries
they also .complain. The measure embraces
besides the re-establishment of the stamp, an
increase of the advertisement duty. Letters from
Constantinople state that the French ambassador
M. De Thouvenel, refuses to have diplomatic
intercourse with Roschi,l Pacha. This is rather
strong, but not unexpected. It is to he hoped
that the Imperil Government will' bring their
representative to reason.

Advices from Sydney, New South Wales, to the
141.11 ot AuE.,,usr, suppaes us wan tua speech of tne
Govern.)r of the Colony, at the opening of the
S.,cond Session of the present Parliiment. The
speech is rather, long, but interesting. He inti-
tures that several bills will be introduced into
the House shortly—among them, one to increase
the number of the members of the Assembly, to
remove certain disabilities of voters, to introduce
the ballot, also to regulate the proceedings at
elections, diminishing the expenses of can-
didates, and provide against bribery and coy-
rup,ion. Bills for the regulation of the sale of
land, to facilitate the administration of juitiee
measures for the extension of education, to taeili,
tett) the introduction of emigrants from the United
King lom, and to increase the efficiency of railways
Several other important subj,,cts are alluded to
including the Electric Telegraph, and if • the
Colonial Parliament gets throu.4li one-third of
the work cut out for them, then all we can say
is, that it would be well to transplant a number
of the members into the Imperial Parliament.
The Bank of England yesterday raised is rate
of discount to 9 per cent.

'CONFIDENCE `gat Liverpool, Manchester, and in
the adjoining districts generally, is still upheld
in a manner to excite surprise." This was the
designing announcement recently conveyed by
the .London Times to the commercial world. By
it, friends and foes were given to understand that
the stabilty of our banks, and the power of our
merchants to nrzet their engagements, arc

maatters to " excite surprise." This dastardly
insinuation, which was evidently meant to cause
the widest spread alarm. coupled with the corn-
meroi4l treason,of that journal, which caused the
run upon the Borough Bank, and the immediate
suspension of its business, are newspaper out-
rages whtich eannat be tolerated with safety in a
mercantile :country. The reporters of the Lon-
don Times, by some species of nepotism, were
informed that th..-.!l3oronh Bank had applied to
the Bank of England for assis'ance, and without
waiting to know, as they were in honour bound
to do, the result of that application, they an-
nounee the fact; and a run upon the Borough
Bank ensued before the Directors had time to
close even their preliminary arrangements for the
aid which possibly might have carried them
through all their difficulties. The other Liver-
pool B asks have withstood the 8 per cent. shock,
as we fearlessly asserted they would. And this
is the trade .sus wining and gratifying fact which
the .g leading journal" states to the world is a
matter to " ezeite surprise."

]Does the London Times possess that nice corn-
prehension and erl:ic 11 knowledge by which the
trade and banking business of this great com-
mercial country ca 1 be prostrated, as if by a
galvanic
shock, whenever it suits a particular
clique of money dealers? HAI. it arrived at
such proficiency in counting the turns of the
bank screw so as to be able to tell the point of de-
pression at which the failure of all the banks "at
Liverpool, Manchester, and in the manufacturing
districts generally," should close their doors ?
That some such terrible result was Anticipated at 1,

Printing-house-square, is sufficiently proved by 1
the "surprise" expressed at the country's shaving
escaped so frightful a calamity. Providentially,
this national disaster has not come to pass. The
Banks contracted their business sometime
before the crisis came, and were prepared with
gold to meet even the unseasonable demand
forced upon them. The Bank of England's
reserve of bullion was materially reduced by the
drain caused for the supply of .specie required to
uphold the provincial Banks, and thus increased
intensity was given to the London monetary
panic; but, notwithstanding all this, and the
"surprise" expressed by our cotemporary, the
Banks of the North were never stronger. The
dead weight of the crisis has not fallen upon them,
as the subtle writers of the London Times are
well aware. The contraction of business, by
which they rescue their character and substance
from the fangs of the panic-mongers, has, how-
ever, left the merchant without the commercial
accommodation to which he is entitled, and has
cut off from the labour market the means of

paying wages. The importer, exporter, manu-
facturer, and other employers of labpur, are the
men who are doomed to suffer in such cases.
The masses who live by daily employment, if we
may venture to mention such a proscribed
element in modern economic science, have to
bear the accumulative injury done to our social
fabric by these sudden and unwarrantable inter-
ruptions of the trade and commerce of the
realm.

The London Times, knowing all this, will not
allow its " surprise" to he excited, when we find
the most respectable firms in the North of
England suspending payment, and that there
are already multitudes of men out of employment
" at Liverpool, Manchester, and in the manufac-
turing districts generally." It is in these two
latter directions that the full vengeance of these
monetary storms developes. itself. Trade of
itself knows no sudden depressions in the value
of every product to which commercial experience
fixes a price. Nature itself does not more
cordially abhor a vacuum than commerce dreads
a collapse. Such things would not occur if the
tinkering of legislation was not suffered to
interfere with the natural ebbs and flows of its
tides. Industry can also overcome all the
natural obeructions to employment. But where
one is made to dance like a bear, and the other
ira sent out to work in chains, invented by those
who have no sympathy with either, there can be
no steady progress, safety, or rational development
of their incalculable fructifying powers We
denounce the doctrine of barter. Sanctify the
paltry false pretence of cash payments, and give
a nation of twenty-eight millions of people,
20,000,0001 of legal tender money to carry on
wars, and producion to the extent of 300,000,0001.
and upwards annually ! This is simply i mprac-
nrael ennv < he•••••-. 1,•,,es
200,000,000/. of Bills of Exchange afloat clay by
clay. Now, to depreciate the value of this com-
mercial paper—that is, to buy it at the lowest
and sell it at the highest price, his become the
leading business of the day, to which all others
must give place.

The process by which the desired depreciation
in the value of our commercial bills is effected
is, by applying the Bank of England screw, and
forcing all the other Banks to contract their ac-
commodation, regardless of the consequences to
themselves, and the character and stability of
their customers. Surely, such a system as this
can require nothing more than its exposure to
secure its explosion. It may be all very well
for the few who gain largely by the working of
such a device, but the commerce of England
must come day release itself from its trammels.
Usury we have always denounced as a sin which,
while it debases and impoverishes the nation,
cannot fail to demolish the usurer. The political
immorality and social depravity which it exhibits
in England .at this hour more than justify our as-
sertion. It has filled the whole public mind with
consternation, and every man in trade is made to
suspect his neighbour as though he were a footpad,
or a being lost to all sense of honesty and shame.
Monetary matters, however, have assumed such
an aspect, that the Government must either give
some instant relief to trade, or Parliament must
be celled together to take the whole subject into
its consideration. The present banking rate of
interest of nine per cent. for commercial accom-
modation., must be meant to demolish the whole
commerce of England, and render the employ-
ment of labour, even for another week, wholly
out of the question. The millionaires of Glas-
gow have already taken steps to secure relief,
and we wait anxiously to see what the mer-
chants of Liverpool will attempt for their own
deliverance.

NEXT to the appointment of Mayor. on Mon-
day, the object on which the public fed the
deepest interest is the material from which the
Water Committee is to be re-constructed. After
the unanimous condemnation of the Pike, even
by those who were its most ardent supporter;
and the unmistakeable opinions expressed by the
whole town on the question, it would amount
almost to an insult to the good sense and right
feeling of the Council ,to suppose, for a moment,
that they would dream of forcing back the old
Water Committee into office. Such a proceeding,
if resorted to, would not only► be an outrage on
popular feeling, but it would be a positive act of
cruelly and injustice to the Committee them-
selves, who must recently have felt their position
at once irksome and painful. We have never
denied to the Committee purity of motives in