Northern Times.
Liverpool, Merseyside, England, 1857-12-04 00:00:00

address to the Crown, in answer to Her Majesty's
Gracious Speech. The honorable member commenced by
alluding to the immediate cause of the sudden summoning
of Parliament, and entered into an explanation in detail of
the circumstances that led to the breaking of the act of
1844, by the Bank of England. That act had, he
observed, been twice suspended ; it had been suspended
in the present year, it was suspended in 1847, under
circumstances of peculiar difficulty, and from that time to
the present, notwithstanding the Russian war, no incon-
venience had been felt by the country from the operations
cf the act; but in• the present year, the drain of bullion
to India and China, the commercial failures in America,
and subsequently in Dublin. in Glasgow, and in London,
had induced the Bank of England to apply for a relaxation
of the restrictions of the act of 1844. The Government
had thought it their duty to accede to this application, and
he had no doubt that the House would pass an act to indem-
nify the Bank of England and her Majesty's ministers.
Passing to the affairs of Ind a, the honourable gentle-
man, amidst much cheering, enumerated the heroic
deeds of Sir A. Wilson,- Sir Henry Havelock, Sir James
Outram, Lieutenants Willaught)y, H 31119, and Salkeld,
and Serjeant Carmichael, and Corporal Hughes. Touching
upon the various paints of the speech, he eulogised the
conduct of Lord Palmerston. in persis'ing in the introduc-
tion of a measure of reform ; and in conclusion referred to
the last words of the speech, imploring the Divine blessing
on their deliberations, as being particularly appropriate at
the present time.
Mr. Akroyd secon,lei the address, and expressed his
opinion that the present emergency was even more critical
than in 1847. Notwithstanding the great influx of gold
from Australia, our fitel price tad prevented us from
profiting, as France had, by this circumstance, to 'avert
the danger. A measure of reform had been promised,
and admitting that there ware some not possessed of the
franchise to whom it might be safely extended, he
expressed a hope that such a measure would give satis-
faction.

Mr. Disraeli wished to know, before they were called
upon to pals the Bill of Indemnity, whether the Govern -
ment intended to introduce a new blll in lieu of the Bank
Act of 1841? Because, if such were not their intention, he
should object to be a party to the violation of the leq.,r of
the law, and he would not consea' to repeat the proceed-
ings of 1847, the only result of which would be, that after
a ,iepetition of the misery and mischief, they would,
perhaps, be called to repeat it again in 18(17, and he
therefore trusted the Chancellor of the Exchequer would
re consider the motion which he had that evening given
no ice of. Ho received gratification from the expression
in the Speech, "The nations of Europe are in the enjoy-
ment of the blessings of peace, which nothing seems likely
to destroy ;" though s )me of his f iends thoight that it
conveyed an expression of regret on the noble Lord's port
(Laughter) —with regard to the occurrences in. India.
In 1848, it was said that France was say d by its army
More truly might it now be said that India had been saved
by its army—an army that owes nothing to the Cabinets
of London, or the Councils of Calcutta. The right hon.
gentleman highly eulogised the heroism of the Indian
army, and reiterated his former declaration, that the
mutiny owed its origin to the annexation of Owle.

Lord Palmerston defended the course which the Govern-
ment had taken in regard to the Bank of England, but
refrained from touching in detail upon the circumstances
of the case, as a full explanation would be given by the
Chancellor of the Exchequer, in moving the introduction
of the Bill of Indemnity ; ar, dhe denied the statement that
he h d made remarks at the Mansion House,
expressing apprehension of hostility from any foreign
Power. Of the Government of France he could not speak
too highly, as they had not only offered to send troops to
the succour of India, but had also offered facilities for the
conveyance of English troops through French territory
The sentiment he made use of, he believed, expressel
those of his countrymen; and to them, therefore, he would
adhere. It would be his dtVy, as soon as the forms of the
House would permit, to bring down a mclrr.ge from tho
Crown, recommending that provision should be made for
Sir Henry Havelock, and he had no doubt, from the pro-
position which he should make, that he would receive
the support of the House. As to Sir A. Wilson,
the East India Company claimed to deal with him
as the home Government dealt with General Havelock.
With regard to the other points, upon which Mr. Disraeli
sought information, he was sorry to say that he could give
no information ; the subject would not be br aught forward
in the first part of the Session, and, in the meantime, the
right honourable gentleman might amuse himself with his
speculations upon them. The noble lord concluded
by expressing a hope that the address would be unani-
mously adopted. The address was then unanimously
adopted, and a committee appointed to carry it to her
Majesty.
The House, then, adjourned at a quarter to eight.

The liabilities of Messrs. Ullberg and Cramer are esti-
mated at 12,000,000 of macs banco.
STOCKIIOLM , Dec 2 —The houses of John and Co., John
Bergen, Stroemberg, Fils Merck, and others of less im-
portance, are declared bankrupts.
OP FNINO OF A NEW CORN Exc FLANGE AT NEWCASTLE-
ON-TYNE. —ll3 new corporate buildings in St. Niehnlas -
square, Newcastle, which were commenced in Au gtist, 1855,
are row nearly c-mpleted, and on Saturday, that portion
designed for a corn exchange, was opened to the rlealers
and farmers of the district. The market hall in 161 feet
3 inches by 63 feet 9 inches, and about 21 feet high.
Light is admitted throle,ii twenty-two 1 .rge windows on
both sides of the building, and through the same number
of mezzanine windows immediately surmounting thorn.
There arc five entrances and offices for the market clerk,
a telegraph office, and sitting-rooms for the merchants.
Immediately above the market-room is a spacions music-
hall, capable of accommodating 3,600 persons. The rest of
the building is to he appropriated to the whole of the
corporation officeve, council-room, firmerp,' club, school of
design, and to the Tyne commissioners, • who have already
taken possession. The cost of the whole is nearly £30,000.
AN UNFORTUNATE DEPOSITOR:—On. Saturday last, as a
small but thrifty farmer, named Patrick Bull, was return-
ing to his residence near Fethard, he was robbed of 55
sovereigns, which he had draWn out of the bank in
Clonmel the day previous, being alarmed by the panic
which seemed for the while to revolutionise the commer-
cial world. Poor Pat, for once in his life, fondly imagined
he had taken time by the forelock on this occasion, in
transferring the golden coin from the safe keeping of the
bank to his own pocket ; and afraid to even venture it in
the ground, lest some curious eye might witness the ope-
ration, he determined that about his person it should
remain until the monetary crisis had passed. For many
years misfortune had trodden hard on Paddy's heels,
scattering his hard-earned guineas as fast as he could
hoard them together. His first savings, £4O, he entrusted
about ten years ago to a shopkeeper in Fethard, who in a
short time after levanted to America with the deposit,
leaving Paddy to bemoan the loss of his entire wealth.
Instead of allowing this circumstance to operate on him
depressingly, he set to work with greater energy, and good
fortune for the time seemed to favour his efforts. He de-
termined not again to trust a " friend," but sought within
the precincts of the Tipperary Joint Stock Bank a place of
greater safety for his savings, which had now reached the
sum of £2OO. Poor mistaken Paddy I came to Clonmel,
and in an unlucky hour entrusted it to the safe keeping of
John Sadleir and Co , and was told that it would, in that
bank, increase from year to year by the addition of weighty
interest. The smash of the " gigantic swindle" well nigh
upset poor Paddy's brain, who took to heart most keenly
the loss of his £2OO. Time, however, softened down the
affliction, and the poor fellow again " put his shoulders to
the wheel " Fortune again smiled, and having amassed
about forty pounds, he once more visited cne of our branch
banks at Clonmel, and obtained the Manager's receipt in
return for his money. But the late plusgy panic destroyed
his peace of mind, and induced Paddy—who before had
been the victim of too much confidence—to draw his
little balance." With coniieerable self composure and self-
satisfaction he returned home, when the third misfortune
overtook him. Overjoyed, no doubt, at having the golden
prize safe in his possession, he on the way unfortunately
took a drop too much—a most unusual thing with him,
who was proverbial for saving habits and the closest
economy and sobriety—when some one managed to extract
the gold out of his pocket as he wended his way home,
leaving him for the third time bereft of his dearly prized
store, to begin the world anew ; for, no doubt, he will make
another trial, and once more venture to gather a little
together.—Clonmel Chronicle.