Northern Times.
Liverpool, Merseyside, England, 1857-11-03 00:00:00

CANADA.

We believe we are correct in stating that the managers
of the banks in this city are not inclined to acqniece in
the conclusion of the resolution, recommending a
suspension of specie payments by the Banks of Canada,
adopted at the meeting of members of the mercantile
community, held on Thursday. The bank representatives
are of opinion there is no necessity whatever for
suspension in this Province, that our monetary
institutions are in a strong and good position, and that
any demand for specie can be promptly met, even without
the three quarters of a million of dollars in gold, now on
the 'way from England in the Canadian and Cunard
steamers daily expected. If proof were required of the
general confi fence in the C tnadian Banks, it is affirded
by the intimation given in another column that their
notes will be taken, at 5 per cant. premium, iti`purchases
made in the city stores, until the Ist of nev, month.
SILY.Ca COINAGZ voa CANADA —lt has been remarked
in the press that we must .have a coinage to inlet the
demands caused by the eh Inge of our money of account.
The Government has not, we believe, been inattentive to
the Matter. We learn that Mr.Wyon, the celebrated
designer to the Royal Mint, is engaged in making designs
for a silver coinage for Canada. The obverse is to be the
Q teen's portrait, and the reverse a wreath of maple,
with the value of the coin in the °antra. In his hands the
work is sure to bo creditably porformed.—Montreal
Gazette

TUE GRAND Tauxx.—Tioe Grand 'Trunk extensions
beyond Stratford and below St. Thomas were to be
stoprod until monetary affairs becamo mare settled.
These works are not required by Government to be
completed until 1961, and the shareholders are better
spared this expenditure, especially below Qaebec. The
present monetary crisis may enable them to get rid of
these liabilities altogether during next session.

DINNER AND TESTIMONIAL TO MR. T. B. SIMPSON.—
The frienk's and neighbours of the respected proprietor of
C;emoree-gardens have resedved that his recent victory
over a certain section of 8-. Luke's,•Chelsea,-by whom the
renewal of his I:cense was vehemently ovposei, shall be
celebrated in a mann.ir which •maY serve to indicate the
trieuipii that has been achieved,,,aAd to mark their high
esteem fJr h to in his ctpacity as caterer for the amusement
of the public. With this view a dinner is to be given at
the Lon lon Tavern, at which a magnificent silver vase,
wo-th mire than 200 guiaeae, is to be presented to Mr.
Simpson ; and, as a tes..irnonial emanating from his imme-
diate neignbours, , residing eliefly in the vicinity of
Cremorne-gardens, and subscribed for also by those pri-
vate friends who are brat acquainted with hir excellent
social qualities, it cannot fail to be acceptable to the
feelings of that gentleman, and may help console hiss
for the uafair and puriNnical hostility to which he has
been exposed. During the progress of th 3 contest, we
took ore tsiou to express our opinion as to the nature of
the oppoiiion raised by the vestry ; and we have only to
express our pleasure that the co Mat has been prodacLive
of a demonstration of esteem and good feeling so gratify'
iug bud honourable to its destined recipient.