The Northern Daily Times.
Liverpool, Merseyside, England, 1857-05-01 00:00:00

BIRKENHEAD

BEFORE SIR E. CUM, JOHN DEAN CASE, EF.Q , J. R. SHAW. ESQ.,
RICHARD BARTON, ESQ AND THE REVERENDS MESSRS.

COXON AND FIBLDEN.

THEFT FROM AN EMPLOYER.—Arthur Carony, a
foreigner, was brought up, charged with stealing
a box of instruments, a brace of pistols, and
hrdste,s, a cigar case, &c., from the house of Mr. John
Hutchins in, artist, Albert terrace, arkenhead. From the
evidence, it appeared that the psis ;tier had. been in the
emp'oy of Mr. Hutchins in, and hid, while left in cha-ge
of the house, taken away the articles plod ice-I i a court.
Subsequently the ptisonee had pawned part of the articles
and sold others in Liverpsol, and on Thursday evening, a
pin of the artielca had been foan i on him. After
committing the prisoner to stand his trial at the adjourned
petty sessions, the magistrates remarked somewhat point-
edly as to the small sum of three shillings given by Mr.
Cohen for the pistols, admitted to have been purchased
originally at two guineas.
SABBATH AmusEamr.—Archibald Lamont, a ship -car-
penter, was fined 5s and costs for having created con-
siderable noise in Grange lane, early last Sunday morn-
ing, and with being drunk and unable to taka care of
himself.

A NEST FOR THE Pouce.—Catherine Uughes, wife of
Joseph Hughes, was charged with ill-using and m Testing
her husband, who appeared in court. In the course of
the examination, it appeared that the man Hughes had
been in the habit of frequenting Scarborough's public
house in Albion street, wnere card players and women
were constantly congregated at unseasonable hours. The
matter being evidently a family dispute, the bench very
properly refused to interfere., Tue husband left the
court, mumbling something about a separation.
"" A • MOUTHY NEEnaua." —Edward Gough was
charged with having " kicked up a row" in the house of
Mary Reid, beer seller. From the examination it was
shown that the hero of our s ory had en'ered the house

in question about half-past seven o'clock on Friday
evening last while under the influence of liquor to a slight
extent ; that during the three hours he remained there
he had called in no fewer than nine quarts of ale, and
;bat on the evening in question the hosress of the estab-
lishment had called in the services of two itinerant sons
of Apollo, who armed with a banjo and fiddle had created
quite a sense tion among the jolly fellows, whose cash
went out to the tune Al. A small fine was imposed.
LUCRATIVE TRADE —Richard Jones, a general dealer,
and variously employed in Higher Behington, was brought
up at the instance of Mr. Joseph Griffith, inspector of
weights and measures, charged with having in use a 50 lbs
weight, deficient 14 ounces, as also will using two paving
stones in the weighing of coals,- which, on inspection,
were found to weigh 19 lbs. 14 ounces, in place of 28 lb.
For five years Jones had been trading in the locality in
uestion, and about a twAvemonth ago, had been spoken
to by the inspector on the necessity of his usingr, proper
weights. It may be proper here to add that Mr. Greiffith
had been given to understand that Jones did not sell coals,
and that it was only after watching his tuovemcuts that
the detection took place.

TEE TERMS OF PAYMENT FOR COTTON.

TO THE EDITOR OF THE NORTHERN TIMES.

Sir,----You cannot open your columns at this
moment to any subject of deeper interest to the
importers of cotton, than that which has reference
to the mode of payment for purchases bf the great
staple in this market.
According to the custom of the trade, payment
is required to be made in ten days from date of
purchase,in cash, the seller allowing three months
interest at 5 per cent. per annum, or, in bankers
bills, or bills bearing a bankers endosementi not
having more than.three mouths to run• The choice
of these two modes of payment is entirely with the
buyer, and not, as in other trades, with the seller,
and the consequence is, that when the rate of
interest rises aboVe 5 per cent , the buyers in most
cases pay in bills, and when the rate falls below
5 per cent. cash is almost universally tendered.
The working of this system at this moment can
readily be conceived. The importer, for nearly
every sale he makes,,is paid in bills having com-
monly three months to run, and, at the present rate
of discount, has to pay 7 per cent to his banker to
encash them. But the serious tax thus imposed
upon the merchant practically, without his
,power
to evade it, is not (he only disadvantage attendant
upouthe system to the trade of the port at large.
A further serious evil is that our bankers and
merchants by this means have their cash boxes
filled with a mass of paper from the manufacturing
districts, which absorbs their c ish funds, and, as
a great amount of bills must be sent to London for
discount also, the Liverpool cotton trade figures
before the monied_ interest as parties to a large
amount of paper, which would never, if this
matter were put on a fair footing, emanate from it
I write as a sufferer from this system, and have
just passed a number of petty bills on country
butchers, drapers, and others, which, as a seller of
cotton, I am obliged to take, because they.bear
the endorsement of a country bank from whom the
spinner I sell to obtains them. Thus Liverpool is
made a species of common sewer, to take off the
inferior bills of the Lancashire-banks-in the cotton
districts; and that this is not a small grievance in
times of dear money, I :would just give you as a
moderate estimate, that about £2,500,000 of bills
thus forced upon cotton sellers are usually afloat
in quiet times, whilst in speculative periods this
amount may be nearly doubled.
It may be said it is easy to state a grievance, but
not so easy to effect a remedy: This may be so in
the present case, and yet the importerS have equity
so much on their side in demanding to be put on
the same footing as other branches of import busi-
ness, that if they would write for that object, they
must succeed. Surely it is not too much for them
to 11!3k for the option of refusing bij'a tendered in

payment.
The compulsion, you see, is entirely upon the
importer to take the bills, if the buyer tenders
them, and the actual result is, that when the rate of
interest would make the receiving bills profitable
to the merchant importing, then he get 9. few or
none. When, as now, it is deoidedly making a loss
to him, then he gets nothing else. I am yours
truly, F.
Liverpool, April 29, 1851.

SPORTING INTELLIGENCE

NEWMARKET RAC ES.-YESTER PAY.

LATEST BETTING.

15 to 1 agst ITdßyllawthorn (taken freely)
CIIEWTER CUP.
7 to I agst Leamington (taken)
9 1.. Dalcamara (taken)
10 1 ▪
Mincepie
a 1 • Veuduck
25 1
** P Boy
30 1 ▪
Biy Hilton
100 1—• Worcester

BANDICAP SWEEPSTAKEs.
Saxe Weimar 1 I Evening Star, e
2

Four ran.
SWEENTAXES oy £lO.

Spinet . , - . .....
Dead heat with M.4usi9n and Azimuth, a.

Five ran.
1.000-GUINEAS.
imperieuse„ „ .1 1 Tasmania .... 2 Areanora ..... :3
Eight ran. Won by half-a-length.
£5O HANPICAP,
Newton-le-Willows..l 1 K strel 2 J Billy. •• • .. 3

Fourteen ran.
TWO-TEAR OLD PLATE.
Flying Duke...l I Happy Land ..2 I Colt by Tadmur..3
Seven ran.
SWEEPSTAKES OF 100 sove.3
Keepsake beat Traitor,