The Northern Daily Times.
Liverpool, Merseyside, England, 1857-01-27 00:00:00

BEFORE MR, COMMISSIONER PERRY.

IN RE LEDWARD.—The bankrupt, a boiler maker, °I
Oxford street North, applied this day for his certificate'
Before the case was proceeded with, Mr. John Bigbani'
one of the assignees, presented himself to be examineti,
r,
touching certain statements affecting. him, which so,
made by the bankrupt in his absence. On being
Mr. Bigham said, in reply to questions from Mr.
Smith, solicitor to the assignees : Shortly after the choice
of assignees, Ledward called on me. and stated that tl
Ives absolutely in want of food, and had no means
obtaining a subsistence ; and after consulting with 6
Smith, solicitor to the estate, I saw Mr. Morgan, the
official assignee. and proposed that Ledward should 113,
an allowance of £1 per week. That allowance Oh2e
granted to him, with the knowledge of Mr. Smith, t'
solicitor. The bankrupt called on me two or three dal
after he first called ; and after his stock and tools tai,
been advertised to be sold by Mr. Gaskill ; and stateui
that if he could get back the goodwill of the yard
the sheds, he would be able to make £4 or £.5 a week'
told him they were advertised to be sold along with tbriLi
other thing • but if he had any friend to come for°°
and buy them, I would cause them to be withdrat
from the sale. It that time I, as assignee, was in dea';
whe her, under the ferma of the lease, the assignees o"ebrt
entitled to the lease or fixtures; and, therefore, thou...,it,
it best for the estate, to sell it to the bankrupt if possibiti
I therefore wrote a letter to Mr. Ga.shill, requesting 11°36,
withdraw the leaseand fixtures, a copyof which I prodaie
Led ward then went to seek assistance from his frierow,s'
he returned, saying, that his friends could not raise t;
money ; but, that his father was coming into some pro
perty, at Christmas, and that if I would advance 10
money requisite to purchase the sheds, his father or so„ „
other satisfactory security, would join in a note on
paid. The bankrupt then went away, and in the infeil
I enquired as to the correctness of his statement respect!
ing. his father, and I found it to be true. Ledivarto
then gave me his signature on a blank stamp, and sus
1,
bring his father or security down the same day. ,„
stamp was left blank not knowing the amount diet %frar
required. This interview took place on the night,
the night but one, before the sale. He was to return til
following day and complete the sale. In the meanthee,t
wrote to Mr. Smith the letter dated the Bth Decemil.e,h.
1856. The letter was produced. It notified Mfr. St 0:1
of the contemplated sale to the bankrupt, and or,g;
that, as it was for the benefit of the estate, be shoul',.l6
made to complete the matter as soon as possiu,ii
The reason I wrote that letter was that Ledward
not come near me. Finding that Ledw mrd kept n'ai'e/
applied to Mr. Smith, and told him that I could not
to see Led ward, and suggested that his allowance shout,
be stopped. I saw Mr. Morgan on that stihject!iso
endeavour, to get the allowance stopi2ed. Mr. M0r..0(
told me that it could not be done without the conce"tell
the court. A few days after that, Ledward eaene
and, without waiting for any question, stated that:Pe
dd
not care a damn about us, as he could get the lease "f
fixtures from the landlord. I had no opportuaitY
0
speaking further to him, as he rushed out of the 11r,
in a great passion. I then communicated with
Gaskill, instructing him to re.advertise the leasl
fixtures. After that I did not Fee Ledward. Mr. Set:,
the solicitor to the assignees, called upon me previels
the meeting of the last examination, when I reque_4sl
him to procure an adjournment thereof, for the purs,
of enabling me to make an examination of the scheo
0
with the view to an opposition. I swear that 01),eei
Ledward called, and I obtained his signature to the ',O
stamp, nothing was said about making my debt on 11c1
estate up to 20s in the pound ; not one word was 53, I
about it. Nothing was said as to the rate of interesLo
should charge the bankrupt for the loan. The aol°,llot
was not to exceed £l5 or £2O. The bankrupt said I'ol
he would return immediately with the surety, and if 13e
the father would come down and sign it. Ido not Itn(ider
where the father lives. I may say that I now collo
ld
this would have been the very best means that
..,011t.1
have been adopted for the benefit of the estate.
y; yarelt
the day of the bankrupt giving me the note I did ro
oppose his allo ance. The allowance was granted 01 r,
or three days before that. There are no means of as'-it
tarring the exact day on which I obtained that note;b
was not on the day I went to Mr. Morgan about t.t)
allowance ; it was not on the day that I wrote to Mr.5f13,16
consenting to the allowance, that the bankrupt gave
the note. Mr. Hall got the stamp' on which the boll.
wrote his name. I do not know whether it was i',ol
bankrupt who suggested that £l5 or £2O would be 91", b,
be would require. Presuming what I had heard of Id
bankrupt's father to be correct, [ would have advallocii
money on his security. I have no memorandum 013 file
books which would show the value of the stamp that .ea
bankrupt signed. The blank stamp which was alg:,al
b., the bankrupt was destroyed after he called and he could get the lease and fixtures from the landlour.tae
the bankrupt : When the bankrupt was handed ove' „
blank stamp for signature, he said, " here is anodic. :f
them confounded things that have been the ruination.
me." • I did not say to the bankrupt I would pull 11,"io
through the court, and get him an allowance and Opts
yard back again, if he would sign the blank swell• al
the contrary I told him that he would have no ebarle
getting through unless he explained what he bad °air
with the money.he collected since the petition of wan),
ment had been filed. I did not say one word to t
effeet that the bankrupt should make up over wh'l%ll/
e
estate produced so as to realise 20s in the pound fure-f
debt. lie was seldom sober. Mr. J. Hall, clerk t° 'io
Bigham, was then examined He said that he sac °a
the office at the time the bankrupt signed the bill, "„I
had heard no conversation whatever as to Mr. Bigh3l.o#
debt thing made up to 20s in the pound. The stamp Wa,c‘
blank paper, and the bankrupt signed it across as a?eil
ceptance. Despite these statements the bankrupt pers'),lt
in his first allegation that the bill wasgiven to make uP aC
Bigham's debt to 20s in the pound, and that, in 00- to
q uence, Mr. Bigham promised, as one of the assignee'
pull him through the court. He said that be mentiogeo
the substance of the conversation immediately afterivai.rif
to one or two parties, and the case was aecordil!/bt
adjourned to the 2nd of February in order that he Wl'e
produce and have them examined on his welt,
Previous, however, to 'the rising of the court. 1.00
Bigham said that before the bankrupt filed his octlAti
for arrangement, 'he was a judgment creditor, art"
~,0
execution ; and the sale was postponed on the egileim
promise that the money would be paid. Before time "-re
elapsed he petitioned the court through another attory`d
and Mr. Roby, his first solicitor, and who was aware
his promise, refused 'to have anything more to do t
him. The oit eers of the court turned out his oft. 9r
,c 1
ham's) officers, and he in consequence lost what lie abn:l,io
have obtained had he not consented to postpone the '-
for the benefit of the bankrupt.

RAM—There are two objections to the common Ilyde to
killing rats by laying poison for them ; first, the dog—
which it exposes other animals, and even human beiolif,
second, the possibility that the rats, havirg parta,loo,,,pr
may retire to their holes, and dying there, cause an
able stench, and produce numerous crawling insects. Gret-i4
Patent Anti-Vermin Mixture for the immediate destra6`l;io
of rats and mice, is free from these objections and
effectually cleared dwelling houses, ships, and other Pla,i'vb
that were much infested with these destructive jot
disagreeable inmates. The smell of the bait will etw,,i4l
the vermin from their holes, and it being such a o,Pen'esf
delicacy to them, they will devour it with greeow6;l;
and die on the spot. To be kat! at the Anti .Ver'cb,
Office, 49, Brownlow hill, Liverpool, at 61, is, and 43 eat,
Can be sent free by post to any part of the United King°
America, Australia, &c.—Advt.

IMPORTANT TO BUILDERS.—At the County Court, 1-
befo e W. A. Halton, Esq , judge, on Friday, Mr. Z3°'-of
Lane, cooper and beerselter, sought to recover the B°°,l of
£2O as damages done to the hen:se occupied by him, 3r1"0,
which be is the owner, situate in Bridgeman place, 13'"os
occupied by the defendants, Moses Kirk and Thomas Br°911;
,erecting a warehouse adjoininr, his premises. Mr. mfof
solicitor, appeared for the plaintiff, and Mr. Richard3osol
the defendants. It appeared that the plaintiff's houso,4 s
been erected about fourteen years, behind which 101
scullerv, which is not cellared, being built upon the grs yb
floor, theloundation only going about a foot into the Or,ifo
The defendants, about seven months ago, erected an enter g.
warehouSe adkining the house of the plaintiff, and in $llOll
ing for the foundations they had gone about five feet beptil
the scullery foundation of the plaintiff's house. conseque to
it was necessary for the safety of the plaintiff's seallerlog
" underpin" it; but recently that portion of the
had become damaged by the foundations giving way, w"d
accord ng to the evidence of plaintiff, was als,) increa'e
conkequence of the defendants having er. cted an engilVtbe
their pre.mi,ei, the gearinc, of which was connected t 0 °d
wall of tha plaintiff. Albr. Hugh Jones, hticklavertbeiS
others, cave evidence "of the plaintiff's premises having
(11
damaged to the amount of £2O at least. Mr. Rinbfirbeea
ar.gued that, according to decisions which had already
ego
given in the higher courts, no action would lie for dalso,st
if the. whole building fell, unh-ss it could be slin°7lLslo'
there had been negligence on the part of the oefcau'i,et•
'the jtidge, after going through the evidence, direct'ds gag
diet to be given for nominal damages. A verdict OP
accordingly given for one shilling, with common cogs. rdiet
Richerdpou said, although the judge had only given a `.e-eilf,
fur nominal damages, with all due deference to his 11051,03
he dill`, red with him, and in accordance with the 13th t the
14th Vic., cap. 61, be gave notice of appeal against
decision,' no evidenCe of negligence having been given u'
of the witnesses:

T 1

To Al
caAii

M.E.....

sterda►l'

THE PIKE WATER SCHEME.

TO ALDERMAN JOSEPH COOPER, ESQ
CHAIRMAN OF THE WATER COMMITTEE.

Sir _When I last saw you I promised that I
tiOuld take an early opportunity of further exposing
speech
numerous fallacies with which your famous
Yoneed
in defence of the Pike abounded. I now
°eeed to fulfil my promise, in so far as I am able.
Zlittold the council, and of course the public, that
the
water revenue had increased from £56,000 to
`76,000 within a very few years ; but you forgot to
the that this great increase was owing entirely to
u°lel and much despised wells, which you and
..
)r party declared in 1847 to be altogether
ra rthless, and that the money paid for them might
ra well have been thrown away. And here, aglin, I
,44,11,0 t help reminding you of the outcry raised
at,' 'lle interested advocates of the Pike ten years
ve'°' to the effect that Liverpool was on the very
ej,e of a water famine, that not a gallon extra
Raibe procured from the then existing wells ; ,
Ral3:l' w°tae, that even the limited supply of 21.000,000
per week was daily decreasing, and ere the
eration of seven years there would not be a
or? ef water for the wants of the town, and in
proer to verify these predictions, the most villainous
force-edings were resorted to. You cannot have
eeegotten the exposures made of these vile pro
k_cliogs in the summer of 1848. Now, I ask you,
trhree.l:l, airman,' who told the truth ? Was it those
to d tl'ove, by every means that was foul and false,
pee ePreciate the yield of the wells for their own .
ItakilniarY advantages, or those who, for the
kee °F duty and truth alone, opposed their
remeeedings ? Let your own published
th4!te furnish the answer. According to
last e documents, the quantity of water pumped
ea„:week but one was close on 45,000,000 gallons.
bev'untent is needless. The opponents of the Pike
in ttno desire to gloat-over the victory they- have
N4'4% as in every other instance achieved during
alth Most unhappy contest. Their victory,
deep °ugh signal, is not unmixed with feelings of
on egret at the total want of principle exhibited
lest part of their opponents who, even up to the
the raolnent, continue to bolster up their views by
do same course of Jesuitical jugglery and decep-
pme Which has characterised the whole of their
thieeedings from the commencement. More of
the "on. No doubt, sir, you will be asked at
privnext meeting of council how you have appro-
N4B`ed, or rather misappropriated, this large sur-
stat revenue. If you applied it in the manner you
bee ed at the last council you have assuredly
4,l,ll,Lguilty not only of a highly improper
they but of one that is clearly illegal, at least
go. are many persons who may possibly think
that ,Amongst other matters, you told the Council
Dtir,,Lne interest on the money borrowed for. Pike
surplus had been defrayed out of this same
sway
yas that really so or not? The anti-
tiore tuess.
well demand why this surplus derived
I)l4Mthe wells has been appropriated for any such
plat se? Assuredly the legislature never contem-
the Pike
such proeeeding when they sanctioned
ihtlKe scheme. The total cost of these works,
kAn'lest included, was guaranteed not to exceed
47u,000.
Air. Samuel Holme and others pledged
,nerri
selves over and over again that this amount
prollbici, be exceeded ; nay, more, that in all
abty it would not be over £450,000.
, I would again ask, how have you kept faith
_th the town in this *-espect ? You confess to
D'Aetioecixpyeonudidtoure of 730,000 ; but up to what
greatly rni t 1-6-a-not enlighten us ; but if I am not
Sums en, this amount only embraces the
Ptaldr inipt etoe st
t nhoeend of 1855.. And if to this is
the money which you say has
Been paid out of the surplus derived from the
..e.lls, the amount either paid or accruina due in
46,- and the very large sums still required ere the
various reservoirs and other works are completed,
I°ll will have a gross total of more than a million
c't rrioney and considerably more too, as the
vtil)St of the Pike. Here, again, the predictions
while
f
th,
ePro-Pikeists have been utterly falsified,
of their oppi?onents has been verified to the
Cr. On whose side is the triumph here .
Caul, let me remind you, sir, that in 1847
act of parliament was obtained for pro-
s‘,lLing water from Rivington in accordance
the tt certain plans --such plans embracing
gaieonstruction of certain reservoirs for receiving
(litrii?Pounding the catchment waters of the
the of filter beds and equalising tanks' and
ing of a continuous line of main pipe from
ter-wieh to Kensington, where said pipe, was to
tilinate in a column or stand pipe 80 feet high !!
thew are the mighty fallen ? The opponents of
tiee,l3,ilie contended that the scheme was imprac-
ia,""'es that the
noncedifferes of level on the.line of
pieln Was such that pipes could withstand the
te-s.slre. They were met by a storm, not of rea-
loillti,".ut of vulgar abuse by the Pike party, charged
lto Ignorance, presumption, quackery, and heaven
byl.l,WB what beside. The Pikeists swore to a man
ba "" infallibility of their engineer—look at the
kiialltifol simplicity of the scheme cried one and
aiyis-0,00 reservoirs, no pumping, nothing but a
Y01;1 line of pipe from Rivington to Liverpool, and
lie-blve 16,000,000 gals. of pure water daily. And
tatr,„4" a Parcel of nincompoops prating about gravi.
tion-' who knew as much about its practical applica-
DiC)-1,4,11,1 even the meaning of the term, as they did
ts-; Lue Japanese alphabet. I say, look on that
does and on this, and then say on whose side
Inl:telle charge of ignorance and presumption lie.
fee-,,ace of a continuous line of pipe, we have no
rase than three breaks, with large and costly
kss-,vbeire now being constructed at each—one at
thil Wfoor, another at Montray House, and the
;41 at Eccleston, near. Prescot. This last is
ofat-h''Y completed, and will cost, without the value
lik"e thirty acres of land on which it stands,
over of 60,0001., and yet it must be arched
tilltritaa the Pike water contains such a quantity of
,e4-;tlv..e Matter, that my Lord Derby's ducks and
~:,„'"ave taken such a fancy for it, they cannot
tees ,1,16 on their own domains. So much for the
l
tlie,:v:eirs, not one of which was even hinted at in
litißinal plan. And as to the stand pipe, where
: Ech.o ansWers, where ? In fact,
fan been entirely ignored ; but, in lieu thereof,
,toae'teY fantastic and costly water tower has been
t
gißCrUeted at Everton, such tower being 100 fee
cii-tb The cost of this tower will, like the interest
the,',? Pike money, be doubtless defrayed out of
of I);,"rPlus revenue derived from the wells, in place
es,sl;?;:',. charged to the Rivington account, as it
't,"to have been. We were to have no more
,water
ins, butlhereiwe have a new engine of some 14
,wat ), horse -Dower, for the purpose of forcing the
tb.e iron cistern at the top of this tower,
the
-a Will serve, if for no other use, to perpetuate
face rn;.', of the architect. And now, sir, in thie
wou°i,,,‘Atese facts, and you will know they are facts,
eet,"' just ask you what you think of th Pike
°Wn."' Of 1847 and the actual results of 1857. Your
'eors ,ettigineer has in practice acknowledged the
aticleiVleas of the opinion of the Anti-Pikeihs s,
tlea-n-as acted on their views throughout, a an-
-11,hetl-j; all his own, although he hast
''ost.i.;`4l the manly candour to acknowledge i
11 the 're and twist facts as you may, the opponents
;tic Pi scheme have been the sole means of saving
„„i„
,„'`.sl t's from committing
a more serious and
imitte under than even that which they have com-
•
so s Then why not frankly acknowledge it to
„tost Here again the no-Pike party have had a
'PP ''gnal triumph, as the very acts of their
o Ivo (LentB
're ID, have proved that the Pike promoters
h LerlY ignorant of the practical knowledge
Ydrkur
a,,Rard engineering. And now; sir, with
eality LL,° the all important point, namely, the
v
t„,,?' the water. Your party have from the
v,4tes-"ritained that, in all essentials, the Pike
t• ,would he infinitely superior to the well
bm„lt for the opponents said, " we don't believe you,
1)7°1, general purposes of a town like Liver.
4re Bathe
water is not to be compared with
tilll Prillg water; filter it asTyou may, impurities
f " t. 1.1
.be held in solution in such water, which,
' et,le purposes, and more especially for
°,lll Ekth 'PLY of shipping,
in must necessarily prove
°lCt*
bt con, .1C .'able."en On a question of this nature
eh erred
on sense of mankind is infinitely to be
sal.
s to the conflicting opinions of eminent
81r, I think, as I told you the other day in

Dale street, when talking on this very subject, that
you have in your composition too much of frank
honesty, of John Bullism, in fact, to be guilty of
an intentional act of deception on any subject,
much less on such an important matter as that of
the supply of water to 400,000 of your fellow
citizens. Yet you have been made a tool of by a
parcel of designing men, in-order that they might
perpetrate a very disgraceful trick (to say the least-
of it) on the town. And hence you were made to
state in council, on your own authority as chairman
of the Water Committee, what was positively not a
fact.

You were made to say, that, on the 2nd instant,
for certain reasons, the Pike water was let into
the Kensington reservoir; where, after passing
down the sewers for a certain length of time, it
was supplied to the inhabitants in the proportion
of 4.7ths Pike to 3-7tlv spring water. No doubt,
you believed this statement true, otherwise you
would not have said so. Had you, however, taken
the precaution to consult your own returns, you
would have escaped the blunder; or,—what shall I
call it ? These - returns prove, that the spring
water pumped from the wells during the week
before last, was 45,000,000 gallons ; while that
supplied to the town was 59,000,000. Thus show-
ing an admixture of only seven million gallons of
Pike water with 45 milli-m gallons of spring water,
or in the proportion of one gallon Pike to six and
a half gallons spring. A very different version
this from yours, Mr. Cooper. Yet, such has been
the effect of even this homcemathic dose of Pike
water, that the whole town are indignant at the
unworthy ruse which has been played upon them.
Do not suppose, sir, that the people of Liverpool
are so void of common sense as to have their angry
feelings allayed by the report of a very question-
able professor, or a still more doubtful amateur
adventurer. No, sir. When you give the town the
benefit of the Pike in its purity, and when, acting
on their own jurgments, they pronounce in its
favour, then, and not till then, will it be time for
the Pikeists to shout their praises of it. So far,
the quality of the Pike water has Justified all that
its opponents have advanced against it ; and this,
too, under circumstances which ought to make it
appear to the very best advantage. Here, again,
the views of the opponents of the Pike have proved
triumphal, and they will prove more and more so
every clay. It is more than useless for you, or any
one else, to attempt to blam3 the pipes for the dirty
appearance of the water, which is as foul at Nor-
wich as it is at the Old Swan. If this is its con-
dition now, what will it necessarily be during the
summer heats and floods, when it will prove one
mass of animated matter. But a short time will
shew all this.

There is now but one subject of importance
which remains to be dealt with. That is the ques-
tion of quantity. Some of your new born editorial
zealots, in the favour of their fresh faith, declare
that there is enough water at the Pike to serve
three Liverpools. The Danish philosopher should
have brought his son to Liverpool, and shown him
the donkeys who set themselves up as public
instructors—he would have learned a useful lesson.
Tinie alone can determine the actual capabilities of
the Pike to supply the quantity of water required
for the wants of Liverpool. But there is a very
simple experiment which might be tried at once,
even as the works now exist, which would go
far to solve this problem, and as it will cost
nothing., let us hope you will give orders
that it be put in execution forthwith. At
Aspull Moor it would only be necessary to pro-
cure the use of a certain number of navigators
planks, any quantity of which may be obtained
from the contractors on the spot—With these, let a
temporary tank be constructed with double walls
of planks, say two feet apart, the interstice to be
filled with clay puddle, of which there is plenty on
the ground, the size may be greater or lessthat
not being so much an object ; for the sake of
facilitating calculations, however, let us suppose
such a tank, 20 feet square by 10 feet deep, this
would just contain 25,000 gallons of water; sup
posing all arranged we have only to open the valve
in connection with the equalising tank at Horwich
and the main, when we should at once be able to
determine its delivery power to the greatest nicety,
without any abstruse calculation. And by main-
taining the full flow for, say one month, the effect
of the abstraction of this quaniity of water from
the reservoirs would speedily be determined
This simple and conclusive experiment might be
put in operation within a week, 'and surely the
Pike party could have no reasonable .objection to
such a fair means of testing the actual quantity of
water the Pike is really capable of furnishing to
the town, without further delay or disputation.
Until that. or some other equally conclusive expe.
riment is tried, it would be idle to speculate on the
probable yield. I may be wrong, but I feel con-
vinced in my own mind, that from seven to eight
million gallons will be the utmost quantity the
Pike can deliver at Aspull Moor.

In conclusion, then, what do we find
Ist. These works, which were to be completed
early in 1852, are not, in 1857, nearly finished.
2nd. The cost, which was guaranteed not to
exceed X 490,000, has already, notwithstanding the
cooking of the accounts in the manner already
described, exceeds double that amount, and will
be largely in excess even of that.
3rd. The original plan, which consisted of a
single line of pipes from Horwich to Liverpool,
has been completely abandoned. as impracticable,
and modifications of the most important character
introduced, altering completely 'the character of
the entire scheme.

4th The quality of the water, which was to
rival that of the supply from the sandstone, has
proved, even when largely, diluted, to be most
unpalatable to the inhabitants, while the most
eminent chemists aro divided as to whether it is fit
for the use of a large town, or whether it is not
absolutely poisonous.
On all these important points the opposition
have proved that their views have been correct
throughout, while that of their opponents have
been the very reverse. In the one case there has
been a manly, upright, and uncompromising oppo-
sition- on principle. In the other, the whole
proceedings have been characterised by duplicity,
falsehood, deception, and fraud.
The time has, however, come when these acri-
monious discussions must cease—when you, and
all who may think with you, must throw secrecy to
the winds. On such a subject as this there ought
to be no concealment, and I am much deceived in
you if it is not your earnest wish that everything
connected with the water supply should be done
openly and above board—let the truth be honestly
told, and the sooner the better, for told it must be.
The people of Liverpool have lost their money, but
they are not so mad as the Roman Emperor when
he called on General Varus to '' give him back his
slaughtered legions "—they are too philisophic to
cry over shed milk, but they have a right to insist,
and depend upon it they will insist. That on such
a question as this, a question of life or death to
them, their well founded apprehensions and
remonstrances shall not be treated with contempt
by those whom they have for the moment placed
in power.

You may rest assured, sir, the opposition have
no factious, sinister, or selfish object to gain by
the course they have pursued—they have agitated
for the truth, the whole truth, and nothing but the
truth.

You have only to render your powerful aid in
furtherance of this object, in order to secure the
lasting gratitude of your fellow men.
I am, with due respect, sir,
Your obedient servant,
JAMES MTIONALD.
Birkenhead, 24th January, 1857.

FOLEYI AMERICAN GOLD PENS.—Charles Willmef,
wholesale and retail stationer, 19, South John street,
respectfully intimates to merchants, traders, and d.alers,
that he has been appointed sole agent for the sale of Poley's
celebrate d American Gold Pens, which are universally
acknowledged to be far superior to any.other manufactured
either in America or this country, They are sold cheaper,
are made of the best gold, with superior points, and are
warranted to wear at least ten years. In America they
have been extensively used for that period, and are pre-
ferred to new ones. The prices range from five shillings to
a guinea each. Supplied wholesale by Charles Willmer,
19, South John-street, Liverpool.—Advt.

MONETARY AND COMMERCIAL

LIVERPOOL, MONDAY EVENING.

Cotton is still sought for ‘vith avidity, and as
holders supply the market sparingly, there is an
upward` tendency in prices To day 10,000 bales
changed hands, of which speculators and exporters
took 2,500. The prices paid were 51d to 63 for
Surat ; 7t-d to 84d for Brazil, and 714 to 9d for
Egyptian. The Niagara's advices inform us that
the Cotton Market at New York was not strength-
ened by the Asia's advices. An advance had been
anticipated. from Liverpool fully equal to that
advised, and a still further material one was required
to cover the cost of shipments at present prices.
By the Arabia of 3i instant, which will be due at
Halifax on the 15th instant, a further advance of
-id per lb. was anticipated, as she will answer less-
ening receipts at U. S. ports ; but as the expecta-
tion that the receipts had reached their maximum,
then entertained on this side, has not been realized,
buyers are losing confidence in short crop estimates,
and sellers are more anxious to realise. From
New Orleans we have advices. which state
chat the receipts since the Ist September,
inclusive of the arrivals from Mobile, Florida, and
Texas were 840,948 bales, against 849,615 bales to
same date last year ; and the decrease in the
receipts at all the ports, up to the latest dates, as
compared with last year, is 27,309 bales. In the
exports-from the United States to foreign countries,
as compared with the same dates last year, there is
a.decrease of 184.439 bales to Great Britain, 40,630
to France, and 26,945 to other foreign ports.
The following are the particulars of cotton at
the ports of the United States, from Sept. 1, 1856,
to Jan. 13, 1857, as per New York Shipping List,
of the 14th inst.:—
Receipts. Total clearance?. To Gt. Britain. Stocks
1856-7 1620 000 • 600,000 • 341,000 760,000
1855-ti 1,599 892 841,319 520,155 beg 700
From these returns we find that there is an in-
crease in the receipts of 20,188 hales, a decrease in
the total clearances of 241,319, and to Great
Britain of 179,155 bales, whilst there is an excess.
in the stock on hand of 90,300 bales.
_

Although a moderate extent of business has been
transacted in our local share markets to-day there
was quite an inactive feeling throughout. The
morning sales comprised Caledonian, pint ;
Eastern Counties, 91 ; East Lancashire 231 ; Lan
cashire and Yorkshire, 961 ; Manchester, SheffiAd,
and Lincoln, 341 ; Midland Stock, 631; Berwick
Capital Stock, 211 ; North Staffords, 11d ; South
Eastern, 221 I. In the afternoon of the day there
was rather more firmness, and the subjoined sales
were reported :—Caledonians 301 1 1 ; Blackburn,
81 ; Eastern Counti6s, 91 1 316 ; London and
North Western Stock, 10611; Manchester, Shef-
field, and Lincoln, 341 ; Midland Stock, 821 1 ;
Berwick Capital Stock, 21. South Eastern and
Dover, 221. The only transactions in Colonial
lines were Great Western of Canada, 24/, 1, I. We
also record a transaction in Magnetic Telegraph
Stock at 47. We append the last nominal quota-
tions of the day :—Blackburn, 81, 81 ; Chester and
Birkenhead 65 651. Caledonian, 30 5.16 30 7-16.
Chester and Holyhead, 181 181. Eastern Counties,
91 9 3 16. East Lancashire, 231 231. Great
Northern, 23 231, Ditto A Shares, 91 91-. Great
Western, 651 651. Lancashire and Yorkshire Stock
961 961; Liverpool, Crosby, and Southport, 181 181
London and North Western Stock, 1061 1064.
Manchester, Sheffield, and Lincoln, 34 341
Midland Stock, 'B2l 821. North British, 91.98
North Staffordshire, 41 41d. South Eastern and.
Dover, 22 3-16 221. Scottish North Eastern,
121 13 North Eastern—Berwick, 21 211. York'
and North Midland, 30 301. Leeds Capital
Stock, 181 187-,. Buffalo and Lake Huron, 11,x int
2p. Dutch Rhenish, e xd ll' Great Western
of Canada, 24 241. Ditto New Shares, 21 11-16 p.
Great Luxembourg. 11 101 d. Grand Trunk of
Canada, 121 x int 121.
Rumours are again afloat that there is a fear
that a further exportation of gold to the Continent,
and the advices by the overland mail will stimulate
the demand for silver; so that a fear may again
be raised lest the bullion in the Threadneedle
street vaults should be materially reduced. This
morning there has been considerable animation in
the silver market, and the price of bars has risen
id per once, viz., to 621 d, and it is generally sup-
posed that a further advancement will immediately
take place.
This will, of course, lead to farther withdrawals
from the Bank, and the directors may yet have to
impose additional restrictions on long dated bills,
in order to protect themselves from a continuance
of the drain. The accounts from India report
increased stringency in the Money Markets at
Calcutta, Bombay, and Madras, and the Exchangcs:
are higher.
There was no movement of importance in the
English Stock, Market to day, and there seems lit-
tle probability of business becoming either active
or unprofitable for some time to come. The uncer
tainty which exists with regard to the Persian and
China disputes, as well as the unsatisfactory state
of the money market, check buoyancy. All things
considered, however, the market exhibits great
strength. Consols have been 931 I for money, and
9318 for the account. Arrangements connected
with the approaching settlement now engage chief
attention, and very few fresh speculative engage-
ments are made. The New Threes Reduced, &c,
are steady. Exchequer Bills are is discount to is
premium.
The business done in the London share market
today was very limited, and prices, except in one
or two instances, have been steady, Caledonian,
Eastern Counties, Great Northern, Midland and
South-Eastern, declined hs, and South Wales 10s.
Great Western, North-Western, Norfolk and
North-Eastern Berwick, have advanced about ss.
The French lines are at nominal values, and the
Canadian rule lower. Great Trunk of Canada have
declined 10s, and Great Western of Canada about ss.
Among the sales we note Caledonian 601 1; Eastern
Counties, 91 1; Great Western, 651 a; London and
North Western, 1061 ; Midland, 821 ; North Staf-
fords, 121; Dovers, 74.
The directors of the North Staffordshire Railway
have issued their report preparatory to the half
yearly meeting. This shows an incl ease in the
traffic receipts of 27,0791. 5s 3d for the past year.
The net receipts for the six months are 52,162/. Os 2d
out of which a dividend at the rate
a balance eof 31 per
o
cent
f
per annum is proppsed, leaving
2,7141. 16s 2d to be carried forward.
With the exception of a quietness in the article
of Rice, our looal Produce Markets have been
active, in Sugar especially, which is in good
demand, and rather better prices have been realised
for low qualities. The sales since Saturday are
about 8,000 bags, 650 tons, and 300 or 400 boxes
Coffee and Molasses maintain late rates, and Rice
is quiet, at 103 for Bengal and 21s fid to 22s per
cwt for Carolina.

By the steam-ship Europa, which arrived here at
an early hour this morning, bringing 255,980 dols.
specie on freight, we have a week's later news
from all quarters of the United States. At Now
York money is represented as being in better
supply, and mere easily obtained at 7 per cent on
call, and 9 to 1.0 per cent for first class short dated
paper. Sterling Exchanges were quiet, the ruling
rate being 1081 to 1081. Some relief in monetary
affair s was anticipated on or after the 15th inst ,
but all the capital offering was taken for regular
business purposes, leaving less accommoda
tion for speculators. The New York' Stock
market had assumed a more active and
firm appearance, although prices had slightly
given way, holders finding it difficult to maintain
them in the present stringent state of the money
market. The banks of New yor4 showed a more
enlarged line of discounts than at any time since
August last. The decline in specie, as shown by
the official return published on the 13th inst., was
owing to shipments to Southern States. There
was a detnand for exchange on New Orleans which
could only be met by specie ; but as such a cir-
cumstance was of frequent occurrence .at this
period of the year, it was deemed only temporary.
At New Orleans, bank drafts on New York were
to 17,- disc runt, and the best sixty day bills 21 to
3 per cent. discount. The following remarks on
the exchange market appears in the New Orleans
Price Ourrent :
At the date of our last report, we left the market for all