The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-07 00:00:00

advantage in laying that bill on the table for constant post-
ponements.

THE FINANCIAL CONDITION OF T}{ COUNTRY.

In answer to Mr. Gibson.

The Chancellor of the Exchequer said, that the earliest
day consistently with the forms of the house on which the
army and navy estimates could be produced, was Tuesday
next. On that day the First Lord of Admiralty would
lay the navy estimates on the table. The army
estimates were in a forward state and would be
produced next week. He should be prepared on the
earliest day consistently with the course of public
business and the convenience of the house, and that
regard to precedent and former usage, to make the
annual financial statement. But he felt a difficulty in fixing
a day at the present moment. He should be prepared on
Monday or Tuesday next, to fix a day for the considera-
tion of the financial estimates.

AMERICA,

ARRIVAL OF THE EMMY.

The screw steam ship Enieu, Captain Small,
which sailed from New York on the d ith, arrived
here last night, bringing a clay's later newv from
that city, the Canadian mail Which was left behind
by the Asia, 12 passengers, and specie on freight
amounting to 203,419 dolleut
From Washington we learn that Mr. Buchanan
was expected to arrive in that city the week after
the Emeu sailed. With regard to the. formation
of his cabinet, we are informed by a letter pub-
lished in the New York papers, of the 24th ult.,
that the President elect has said that—
He desires to confer fully with the leading democratic
members, and to be governed in a great measure by their
decision. In the first place General Cass will not go into
the Cabinet. Mr. Bachanan personally does not like him.
Some time ago Mr. BuChanan supposed that the South was
United in its desire that General Cass should be placed in
the State Department, and he sent on here to see if the
representations to that effect were correct, at the same time
intimating that he did not desire to have Cass in his
Cabinet, and if obliged to place him there, it would be
entirely the effect of Southern pressure. He discovered
that no such extended feedug in favour of Cass existed,
and this ended the matter. Mr. Buchrman has stated that
he will give Glancy Jones a seat in his Cabinet if he takes
any one from Pennsylvania. This has alarmed the Forney,
Sickles, Vandyke, and Walker clique, and they are now endea-
vouring to induce Mr. Buchanan not to take a C,lbioet officer
from Pennsylvania. Their efforts will probably be success-
ful. Governor Wise has great power over Mr. Buchanan.
so much so that the latter has absolutely written a letter
deprecating Wise's anger, and in so many words begging
his support. Governor Floyd, Wise's friend, will undoubt-
edly go into the Cabinet. It has been intimated to
Howell Cobb that he could go into the Cabinet. Cobb
will only accept the State Department, so he has stated.
Mr. Buchanan has expressed a preference for Clifford, of
Maine, over Toucey, of anucticut. The latter has great.
Southern and Western Streegth, however. If Mr. Bu-
chanan stands firm, Clifford will be the man. if the
representatives of the members here sway him then Toucey
will be taken. Mr. Sliddel has made a point that
Benjamin, of Louisianna, ex Whig, must go into the
Cabinet, and it is generally conceded that Sliddel will
succeed. I give the above, not as idle speculation, but as
facts coining from the highest sources, and based upon letters
and conversations of Mr. Buchanan himself. As to the,
parties named, there are plenty of men in the country their
superiors, whilst at the same time they aro fully up to the
average of Cabinet timber.
From the same source we learn that the in-
vestigating committee were prosecuting, vigorously,
their enquiries into the charges of corruption, and
remain in session most of the day.
Their proceedings are kept entirely secret. Messrs.
Green and Harrington, of New York, had appeared before
the committee. One witness testified before the committee
that Green had approached or attempted to bribe members
of Congress to vote for the fire bill now before C )regress.
He has been called with reference to that matter. He sated
positively that he never had attempted anything of the
kind to members or to anybody else ; and of er a rigid
examination of about two hours, answering all the vestions
satisfactorily to the committee, be was dismissed. Harring-
ton's testimony corroborated Green's. There will be a
general stampede among the lobby as soon as they can get
out of the city, now that the Senate has passed the House
bill imprisoning those who refuse to testify.
Mr. Campbell has withdrawn the Tariff Bill re-
ported by him from the Ways and Means Commit-
tee last summer, and has substituted another,
embodying precisely the same plan. but increasing
the number of articles to be added to the free list
from 180 to about 350. Mr. Letcher has also with-
drawn his bill proposing a general reduction of 20
per cent. The revival ofthe discussion en the tariff
brings out, to the surprise of almost every body, a
great deal of that acrimony of sectional feeling
which formerly accompanied it. A thousand ora-
tors and presses have sprung to life to asseverate
with violence that the North is robbing the South
through the protective system. It is important to
remember that this robbery is still said to be going
on with unabated rapacity in the 11th year of the
operation of that very free trade system, so called,
which was to break down the commercial supre-
macy of the North, and restore the South to a
condition of wealth and prosperity. A South
Carolina journal noted for its ability and the
intensity of its hatred of the Union and of the Free
States, the Charleston Mercury, has lately made a
calculation to show that Massachussetts receives
annually 45,000,000 dollars from the rest of the
Union, imposed and collected as a tax through the
Tariff policy of the Government. By the same
mode of reasoning, it is shown that the South
contributes two thirds of the revenue for the sup.
port of the Federal Government, because sho
furnishes about that proportion of the exports.
This is in substance the revival o 1 the forty bate
theory of Mr. -Calhoun, which was, that out of
every hundred bales of Cotton produced, the
planter was compelled to surrender forty to meet
the exactions of the Government.

The subject of an increase of pay to army officers
is beginning to excite the attention of the Press in
various portions of the country ; and, if a judg-
ment can be formed from the opinions expressed
by the public papers, there can be no doubt that
such a measure would be in accordance with the
intelligent sentiment of the country. Tile Missis-
sippian quotes approvingly the views of General
Scott in his report to the Secretary of War, in
which " the want indispensable to the well
being of the army and now the most pressing of
all" is stated to be " an increased compensation
to commissioned officers." A writer also in the
Missouri Republican in a long and ably written
article advocates the measure. Two hundred
and thirty five officers of the army have resigned
within the last ten years to seek civil employ-
ment.

Baltimore harbour had been closed with ice so
long that there were lying at the mouth of Patapso
river two hundred vessels unable to reach pnrt,
and the erewslexposed to great suffering from cold .
Some of the Baltimore merchants have purchased
the steamer Susquehanna, fitted her up as an iee
breaker and towboat, and re christened her Ice
King.

COMMERCIAL INTELLIGENCE.
New York, Jan. 24.
It would be difficult in this stage of matters, to indicate
what is the condition of the Money Market. There is a
pressing demand at this moment for temporary loans, and
the banks are besieged for acc)mmodations from many who
are not ordinarily borrowers. Those who have usually kept
liberal balances on hand with their bankers, now find a
demand for money facilities. The Foreign Exchange
Market is unsettled. Owing to the non-arrival of the mails,
there is this week a scarcity of Southern bills. This will
be remedied before the departure of the next steamer. In
the meantime bills on London, at sixty days' sight, range
from iosa to 1081. with very limited movement,

COTTON•

On Wednesday, 4,000 bales were reported sold; on
Thursday, 7,000; yesterday, 3.000. The market yesterday,
prior to receipt of the Atlanic's advices which had not
transpired at 4 P.m., was weak, and to effect sales -4-e reduc-
tion was submitted to on the rates quoted on Thursday. At
New Orleans on the 22nd, with sales of 18,000 bales, the
market declined ; middling 121 to 12i Freights also
were easy, being quoted at 1 32i less than 9-16 u, namely,
17-32. At Mobile on the 2] st, mi Idling was quoted at
1213, freight 19-3217A.t Charleston on the 22nd, a decline
on the week of kc to ta is quoted, sales 5,600 bales mid-
dling fair, 121 c. As the storA in Liverpool cannot be
replenished before March, prices there it is generally anti-
cipated, on short supplies, may be forced up to 8d or over
for middling Orleans, but such a necessity is unsafe as the
basis of action on this side, whi'e so large a portion of the
crop remains to be disposed of. Faith in the short crop
estimates advised last month to Liverpool is mnch shaken
by the continued heavy receipts at the ports, and we anti-
cipate ere long a general increase of estimates. The mar-
ket closed to-day weak at the annexed quotations :
Uplands. Mobile. N. Orleans.
Ordinary. nominal. nominal. nominal.
Middling to 12 —to 13 —to 13k
Middling Fair .... —to 131: —to 134 —to 13i
Fair
RECEIPTS.

Whence. For Past Week. Since Jan. Ist.
New Orleans 2,367

Florida
Savannah

Carolinas
..

Total
Total receipts since Sept. 1, last 189,421 bales.
Exports ..... .......... none. 6,186
B R EA DSTUFFS.

Flour—The market continued firm, while sales were mo-
derate, being confined to the home trade. The tram°.

THE NORTHERN TIMES.--LIVERPOOL, SATURDAY.

Lions were confined to about 4,000 to 5,000 brls. Canadian
braids were held firmly with sales of about 150 brls.
S-urdiem flour was in fair demand, with sales of 800 to 900
brls., closing, steady. Extra brands u ere firm, including extra
Richmond, Goorgetown, Petersburg, City, and Walt o brands.
Wheat sales werestill checked by the ice embargo. A bout 1200
bushels common Illinois red sold afi )at at 1 dol. 50e, and a
lot of choice St. Louis white was sold at 1 dol. 820, C,:rn
was still embargoed by the ice at the Atlantic docks, ar d no
salts of moment were reported. Western mixed was no-
minal at 72c for future cteitvery from the docks, and at 74c
from store, Rye was quiet, and firmly held at 95e for
good Northern. Oats were firm at 50c to 51c for State,
and 52c to 53c for Western.

IRON : The market tor all sorts has improved since the
late accounts of advance abroad, the stnk here being very
light. Pig iron 30 dots to 31 dols, 6 mos. Bars : 200
tons common bars sold for 58 dols, 6 mos. 100 tons refined
66 dols, 6 mos; from store it is jobbing at 62 dols 500 for
°Allmon, and 70 dols to 72 dols .50c for refined—prices tend-
ing upwards. Sheet Iron : Singles, 3c to 4c ; doubles,
44 ; trebles, 41-c to sc, 6 mos. Russia sheet is held at 14c,
6 mos.

Pne,vlsioNs: In spite of the adverse weather, 'slices have
gradually stiffened for all descriptions of provisions. Polk
recovered to-day the slight decline of yesterday, and we re•
store quotations, at which there has been a steady business
done—sales to-day about 400 brls. Cut meats are in better
demand, at an advance; but the stock is light, and we hear
of no trimsaction of moment-50 tierces to arrive, sold
at our our oatside quotations. Cumberland cut middles
are steady. Lard has improved during the week, and
closes with a moderate business only. The accounts per.
Atlantic show an unexpected decline in the Liverpo.d
marke. Beef Hans are held firm at the advance quoted,
with small sales. Butter has been quiet, although we have
sligh:ly advanced qaotations. Cheese fi m.
Tau Aces: This staple is quiet this week, while holders
continue very firm ; we note sales of about 75 hhds Ken-
tucky leaf, at 121 e to 171 c ; 7 do Virginia stems, on private
tams; 25 cases Florida, p irt at 45c; 200 bales Havana,
32c to 50c ; and 414 do Yara on private terms.' 23 bags
Havana scraps, on private terms : 716 bales Cuba, do ; 157
bales Cabe, do; 20 cases seedleaf, 30c.
WHALEBONE : The only sale we have to note is 6 000 lbs
Northwest, for export, on private terms. Cansiderable
activity has been manifested for the past week at New Bed-
ford, and sales to the extent of 62,500 lbs. have been made, as
follows : 4,000 lbs Ochotsk, at 711 e ; 21,500 lbs ditto and
37,000 lbs North West on private terms.
FREIGHTS have undergone no marked change in rates
the past week, except in cotton to Liverpool, for which
d 'vow to be established, engagements having been
made to-day at that rate. To Liverpool Flour was taken
to day at 2s 31, which is lower, and the ruling rates
are 253 for bacon and 71 for grain in bulk ; no grain
engaged to-day. To Landon 2s 101 d to 33 for flmr, and
30s for bacon.