The Sun.
London, England, 1848-01-24 00:00:00

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f BISHOP
Manchester took
The consecration of the Rev. Dr. James Prince
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44;)'''.' , / CONSECRATION OF TRE
OF MANCHESTER.
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~. ll place yesterday, at the Chapel Royal, Whitehall, in
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9 JANUARY 24 1848, [PR ICE 5113.
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CURRENCY CORRESPONDENCE. vereign loses a portion of its legal weight, it is no longer gold held in the Bank-to convert the whole is
-----eme-_. equal to a pound, but requires the piece of gold and impossible, and the pretence a fraud. Would it not
church. The Right Reverend the Archbishop of
TO THE EDITOR OP THE SUN. so much silver added to make up the pound value- be safer to issue notes on positive tangible security ?
York took his seat at the right of the •
Sus,-While the all-absorbing end most deeply another proof of its fixedness. If its price be not Is gold the only capital ? 'Would it not be
table, while the Bishops of -Worcester acnoelmniChuenstioenr
• if
Ti e. interesting question of the currency is agitating, not fixed, what do you mean by the fixed Mint price of better to have as security land, bearing crops
took their places upon the left-the bishop elect who,
31. 17s. 100. per ounce ? What is meant by a fixed yielding undoubted interest, rather than gold, not
at this stage of the proceedings appeared in the dress
only the public mind, bat the commerce of the world,
ta, s• standard of value ? only bearing no interest, but being destroyed daily?
a common clergyman of the' church, Navin
elgtesreatthed
ea . ; perhaps you will consider the following cones n• Sir Robert Peel's remark in a late speech that "we The bullionists denounce such schemes as unsound
dence to be of sufficient importance to give it a are in error when we talk of the fixed price of gold; and inconvertible ; and yet, with unblushing effron-
...• •-•
ofhimself in a pew in the vicinity of the t
the promissory note is a promise to pay 3 definite tery, issue notes convertible into gold t i such an
play in your columns, and oblige,
usual morning service was then gone through, car,
[Ma; weight of gold," is •a quibble, a mere juggle with extent, that their stock of gold available would not,
Sir, your faithfal servant,'
r 0.1%
FRANCIS 131:5Nocii. words
. to. catch the unwary ; and I regret to find you in the average, pay over 91. or 10s. in the pound. which the sermon was preached ley the Rey M
t'''
half inclined to adept his views. The price of gold There are some who absolve Sir R. Peel from all blame Garbett, rector of St. George's, Birmingham, . whro.
i d-
in ;
• Blackheath, Jan. 28, 1848. is the emphatic fact essential to enable it to enter in this matter, while they think him mistaken.
ors 6
No. I. into oar currency. If Sir Robert Peel's views But the history of the past thirty years will not, I selected for his text the 42d verse of the second chap-
"r'
did not consider my first note to Mr. Cobden to be correct we ought to keep our accounts in ounces, think, admit ofthe exercise of such blind charity. I ter of the Arts of the Apostles. The sermon was
......
le of sufficient importance to keep a copy of it, ss it pennyweights, and grains, not in pounds, shillings, hold him responsible for the large majority of com- most appropriate for the occasion, and was listened to
nfi- was merely written to request the favour of an inter- and pence. If his exposition be adopted, then Go- mercial disasters which have made painfully cele • with great attention. On its being concluded, the
0 all ;view for myself sad Mr. Taylor in relation to the yernment should be compelled to find enough of such braced the year 1847. If he is only mistaken, I trust Bishop
inelect was conducted from his pew to the
'ete- precious metal to enable us to carry on our immense he will, ere long, see the error of his ways, and' 1
railings front of the altar, when the cone d'elire
.ti„, ~ currency.
sow : In that letter I stated that tire principle of the commercial transactions without danger or difficulty, gracefully change, this being the only change re- and the various acts of his appointment were read
aid A nti-Goldelaw League was to establish " free-trade To retain on the face of your Bask of England notes quired to complete the circle of his recantations. over by the registrar for the diocese. The beautiful I
me. -
in banking," as well as a free trade in gold," to which ' the money term pound-a term of value, while you Though I may have failed in convincing you that service of consecration was then gone through, and
4to I: received the following reply :- mean a weight-is,l to say the least of it, illogical, if your opinions are incorrect, and that our opinions the Bishop elect, having taken the prescribed oaths
after returning to the vestry, was conducted from it
, No. 11. not absurd. Is there use man in 19,000, or even as regards the Act of 'l9 fixing the price of gold are ...
. MR. COBDEN TO MR. BENNOCH. 100,000, who ever thinks of ,weight when he speaks true, I can only repeat, with a slight alteration of thence, arrayed in his episcopal. robes, and took his
sciliiohSnuhOrchphasOoffvEYesnOgroklar,s re
foe fr discus-ntee ,t . ill
•
seat within the railings, on the right of the Arch-
London, lath Dec, 1847. of a pound, or dove he.know absolutely the number application, Galileo's expression- t
" It is fixed, though"
o the
fconsiderabledoors Bis hi
p,...
ni
gd i asn
a t onee
d Although
outof
ing Dear Sir,-In reply to your note requesting an of ounces and pennyweights of gold he is entitled to in
exclunge for his five-pound note ? I sincerely believe -and lure you to abler hands. Still I shall be
i nteryiaw on the subject of the carrency, I run sort
,me . • - not-a sufficient proof that the Peelian notions are
glad to have the opportunity of explaining to the appointment in consequnce of the
fproceed- '4 4
ings of Mr. Gutterld e y t, sea matter o course, li
the law not afford.
end 'to say Xam luring' town for Manchester, and shall
cration, any latitude'
of not be 'able to see you. I suspect we bare opposite sot accepted by the people. It is ova fixed price, fully the principles we desire to see adopted.
e xopvreers
cessions
on
ndsei s
et
cerise-
er.nb edei
eid.:,
and that alone, which enables the foreisner to rig One thing is certain, that while we exist we will de- the proceedings of yegt ' d et,
d ' '
end cepinior,,e upoa the currency, but to eonfese the truthes
the exchanges, and regulate his transactions always nounce any system that renders our home prosperity
ttly I do mat know what the !plan is, recommendea by
.ineivrag'ehrataeyvePr afsosre
on the occasion of 4'4
roue " Anti-Gold-law League," or hy the Bin ring- • to the disadvantage orEnglarid• A elifference of one dependent upon a foreign product, a foreign metal.
. beam School. per coat. for or against us, will at an any time induce I have the honour to be, with sincere respect, very . sent or protest.
me Before any proposition can be made interesting to an influx to, or efflux from, England. If against faithfully yours, F. BENNOCH. about twenty-five ' e understand, however, that _
minutes before eleven, the hour at • ,
the the' public, it must be put in a simple, brief form. England the drain continues, gold diminishes. Richard Cobden, Esq., M.P. which the ceremony was to commence, Mr. Gutte-
and You speak of " free trade in gold" m one of your The Bank cannot stay such drain by en- No. VI. ridge, accompanied by a legal friend, arrived at th 1,.
rice objects, but I consider the import and export of gold hancing the price, being compelled. to dispose of it at MR. BENNOCH TO MR. COBDEN. chapel, and was conducted to the robing room. The
ice, already free. Do not trouble yourself to write to me a .
issued
Me rate of 31. 17e. 101 d., even if it germ 41. per ounce. London, 78, Wood-street, 20th January, 1848. Archbishop of York having made his appearance in
or wieth any reasons in support of your plan, but if you eying more notes thanh faithfully represent My dear Sir,-Since forwarding my last letter I the room at the same time, Mr. Gutteridge, addressing
ly ; con tell me, in the compass of a dozen lines, what bullion, protect
discount
bills her
of credit
exeh a,
es
ee adeveada ces
refusesthe r a t e
ad-of received a copy of the speech of Mr. 'Urquhart, de- him, said, "My Lord, I felt it right personally to i '
to- your. plan really is, I should he glad to have it; and livered during the recent discussion in Parliament. I place in your hands a document, a copy of which was
the I thank I have given sufficient attention to the ques-on Exchequer-bills. g Trade is instantly vane*.
Merchants, manufacturers, and traders
tiou. to be able to form an opinion upon your pro- paralysed. for a careful perusal. lie demolishes in a masterly To this the Archbishop responded, " I cannot re-
are obliged to sacrifice, not simply the dif-potted system.manner the declaration • • • ~
of yourself and others asserting ceive anything here.
P°• I remain dear Sir, your obedient servant, Terence between the price of gold in Paris and that gold is fixed in •
Jae P. Bennoch, Esq. RICHD. COBDEN. London, but 10, 20, or 30 per cent. of the positive was introduced for
ith P. S.-Recollect I want the plan in twelve lines, or cost of their accumulated property, the produce of price of gold at the Mint. If it has not fixed the before the Archbishop the protest, of which the fol-
mg rather, I wish to know your object. The Anti-Cores- other labour, to such as can supply gold-gold all the price, then is the Act a dead letter, if not an absur- lowing is a copy :-
ce- law Isevue stated its ebjeet in fewer words--" The -NM haa not fluctuated, and scarcely changed in price. dity, and ought to be abrogated. "To the Most Rev. Dr. Musve Lord Arch-
ted total acrid immediate repeal of the corn-laws, and the Thus to regain a product of foreign labour, all other In tie repeal of the Bills of 1819 and 1844, and the bishop of York ;to the Ri ht R Dr. 'P
B. h g CT epys, is op
ely abolition of all protective duties." products of labour, whether home or foreign, if in establishment of a well secured currency, independent of Worcester ; and the Right Rev. Dr. Sumner
England, are sacrificed to an alarming extent,l
:in No.- 111. of ld Ib 1. will fi dth d 1 1.3. h f C
go , e ieve you n e true an on y is op o hester ; the prelates commissioned to con-
not because they are too abundant-not because they
IMR. BENNOCH TO MR. COBDEN. remedy for Colonial distress and oppressive taxation, secrete the Rev. James Prince • Lee to the bishopric
are not required-net because they are being, or can
ID- 71, Wood-street, Monday, Dec. 20, 1847. for lessening destitution at home, as well as pre- of Manchester at Whitehall Chapel, this day.
atbeprodced less cost-but x aiv fcos - u simply because
.we venting frightful panics and consequent ruinous "I, Thomas Gutteridge, a member of the United
in
Dera Sir,-1 have the honour to acknowledge the
h had h 11 of makin old an indis- i
rAi receipt of your nett of the 18th, and, according to lye
bl• tie° e Gesn
eho yli 81
h fluctuations in prices ; and what is just now worthy Church of England and Ireland, do solemnly, as in a
,
ome TO..
the your •iesire, beg to enclose you our propositions, con- ler/S, 41 6 me"t. Ite e" "Ire ° . p of consideration-you will silence in a few months the presence of God, protest against the rite of epis- •
auctions. By its abundance or scarcity, trade
'lee dense( ies much as possible. the ridiculous cry that the Navigation-laws and West copal consecration being administered to the .
is prosperous or disastrous, profitable or un-
India colonies are exceptions to the truth of the prin- James Prince Lee, lately nominated Bishop of Man-
Jut I reigret to find you see obliged to be absent from
profitable the labourer, well fed or starved, •
ect town so soon and so long, though I gather from your
well clothed or naked, miserable or ha The ciples of free trade. chaster, because of articles and libel of accusation
IPY last, sod from a previous net*, that you would rather M frightful I regret exceedingly that you have not vouchsafed charging the said James Prince Lee with grievous
ofmistakenpolicy consequences our
'nom avoid a eonterence-I trust I misinterpret your lan-
andappalling,andallpalpable, thatthe a definite opinion on the general question, but as immorality, and especially with repeated acts of
stir The At" C 1 w Lesgse, by applying to a
guagee n - orn- a will b d h hso
found
sad hungry man's stomach, and by the use of a terse epithet, y artnofb.ye
dead
anyfi sane men were
desired
deeming it advisable that such views should be given fore Commissioners of the Archbishop of York,
introduction
it I our ercest enemy the
ws, could express its object in a few words and win con-to the public, so that those who differ from you may sitting at St. James's Church in London, on the Bth
of a system whereby labour leading to
ieee visits. The Anti-Gold-law League owl only appeal become thoroughly acquainted with the sort of op- day of January of this present year; and also because
profit would be fostered •
at one time, but when at the
ma a to rearson, and by a chain of argument convince its
int of realisation ourprosperity %would,with
as . the this position likely to be encountered, I propose publish- that legal proceedings are now in course in the Court
lie- auditory. It not only proposes the destruction of a
wavei of a magician's wand, be turned to adversit ing correspondence, to which I presume you can of Queen's Bench for investigating the truth, or
ted bad system, bat the construction of a better; there-. . y, have no objection.-I am, yours faithfully, otherwise, of charges of wilful lying, acts of drunken-
our joy to sorrow, our hope to despair • out of fairest
la a fore snores pace is necessary to explain its principles.
en_ .
f enterprises manufacturing destructive panics; con•
cod There is one observation in your letter to which IRichard Cobden, Esq., M.P. him, ;the said James Prince Lee, and contained in .%
founding our
suddenly
when moat exerted ; staying printed and published statements, and credited by
'ere must shortly refer. Alluding to a statement in my.. ____ ea-a ____
production,o__ by
striking down the well-braced STEAM-BOAT MONOPOLY. several thousands of the inhabitants of Birmingham, 't
the former note, ow ing our desire for " fro* trade
,ad, in gold," you observe, "I consider the export and aria
c 1 ifiabetur? withdrawing or contracting
eee our
The following letter has been addressed to the the place where the said James Prince Lee has for • ,
re- import of gold already free ;" from which I infer
ecoiraiudaniootn
hays invented
momaent it was most n d d
.he
Editor of a Morning Contemporary :- several years dwelt, and which said charges of immo-
sful engine
om your opinion that exclusion from import aid export moresucces Sae-During the last three years the steam boat relit are as yet undecided by any legal process, ,
than that patented' Robertwhich makes f
!fie duties constitutes the only freedom necessary to
our homeb y Sird d Peel,
'l'd regulate the sale of commodities. ThcAnti-Geld- M prosperity
eepenyet upon
thereour supply
who
two companies, called the Citizen and Iron-boat; and further, because the act of consecrating the
gold;
are those
ite law League, on the contrary, conceive that •so long u Russian
!re) the echo. they worked separately, and the public benefited by said James Prince Lee to the highest rank of
applaudit
eY• the Bank of England is by Act of Parliament corn-the competition which existed, each being desirous to holy orders would, under the existing •
Sucrose the ounce of gold is at present worth four circumstances
on pelled to buy all the gold presented to it at a fixed _ „ ,
ire • andat fixed • bliged to sell all gold de-
price, - the fare was originally fourpence, but during the last and debauchery, be not only a manifest • • y
. .
violation of
change the four weeks' produce of any other labour.
en minded of it-the trade in gold is not free. twelve or fifteen months the fare -was reduced to two- the laws and canons of the Church, and as such ut-
Could it be produced in two weeks, either by superior
asi Suppose some gigantic corporation on whom Par- pence, and up to a comparatively recent Period each terly void, nugatory, and invalid in law, but also a I -
skill or the discover of a new mine as was late] '°n liametit had conferred certain exclusive privileges, y ( y had a pier on the Surrey side of the river, contiguous dreadful profanation of this eminently sacramental i
the cue with diamonds , and there is reason for be-
" were compelled to buy all cern presented to it at
Bering that h )11 • •
.tt some sic p enomena is now taking place to Battersea bridge, for the accommodation of the rite-a grave and lasting cause of offence to all sober
31. 17s. 9d. per quarter, and. also obliged to sell it at ininhabitants of Battersea (the Red House pier being and pious Christian people-a foul dishonour to reli-
• Russia in her mines in the Ural mountains-would
31.19 31. 17a. 101 d. per quarter-whatever the amount oftoo far distant to be available for that district). The gion, and a deep disgrace and injury to the Church-
you still compel the workmen of isinglend to. give finer
9is labour consumed in its production-would you coma-Citizen Company subsequently erected a Battersea- a scandalous misapplication of the mystery of imposi-
weehe of their labour for what. cost Russia only two bridge :
kir" der the trade in colts eau? Substitute
,gold for pier on the Middlesex side, gave up the one on tion of apostolic hands-an impious invocation of the
weeks' labour ? I think you will answer, certainly not. is
, 14
"' corn, and the illustration is complete. tee Surrey side, and made an arrangement for the Holy Ghost-and a new and unexampled proceeding,
Yet we are doing this in spirit. To keep our gold to
om I am, dear Sir, yours faithfully and obliged, steam-boat passengers to pass free over the bridge, as involving avb Ming outrage of the laws alike of God.
the FRANCIS 13ENNOCII. pay our taxes and overcome competition, with ais customary at Vauxhall and Southwark, and as the and men, and one which might incur the high dis-
frightful load on our back, we hare forced into fac- inhabitants of Battersea suffered eo pecuniary 105 A,, pleasure and penal visitation of the Almighty. t•
not Richard Cobden, Esq., M.P.
Oriels, in addition to men, first the women, next and the iron-boats gave up their Surrey-side pier, (Signed) " THOMAS GUTTERIDGE, ''
"I The following are the proposition referred to :-
maid-ns and, last and shame-youths and delicate. .. „
." Member of the Ito) al College of Surgeons,
fed PRINCIPLES Or THE ANTI-GOLD LAWthey put up with the inconvenience of the Chelsea
TWELVE fullest of all, children of tender years, until we give crowd in summer, and the keen wind of the bridge residing in Birmingtiarn.
in LEAGUE IN LESS THAN of the, produce of our labour three or four times the
dl LINES, REASONING EXCLUDED, in winter, without complaining. Thus matters " Jan. 22, 1848."
quantity we ifave for the same amount of gold thirty In addition to the officiating
tify sIiCTION FIESIT.--ANTI.ISOLD. stood until the week before last, when a rumour was Bishops, there were
ago. Scarcity of production ofgold would be • years . also present Dr. Burnaby, the Vicar-General ; Dr.
age 1. Our home trade should not be dependent on a rife that an amalgamation was about to take place
still more disastrous if we attempted to keep to our
old foreign product as a inedium of exchange. between the two companies ; and it proved to be coy- l'ownsend, Dr. Bayford, Dr. Addams, F. 11. Dyke, 1
• fixed price ; other countries would overbid us, and i
'di' 2 Its so depending is the chief cause of fluctuation sect, for on Monday, the 10th inst., the public found Esq., the Registrar-General ;J. Baker, Esq., the
we would be obliged to alter the system. The
(
was in prices, disastrous panics, and consequent national the fare raised to 3d., and the accommodation Apparitor-General ; John Burden, Ebq., the Bishop's
his suffering. alterration between scarcity and superabundance reduced from eight boats an hour te four boats, with secretary ; the Very Rev. G. 11. Bowers, Dean of I
::
the S. Therefore we demand the abrogationf 11Acts
o a is now sapping the foundations of our corn- out any option of selecting, as one only each quarter Manchester ; the Rev. J. C. Miller, M.A. Rector of
mere,. A few more reverses and Russia (with
emit of Parliament which fix the price of gold, or make it of an hour presents itself ; and if it has the reputation St. Martin's, Birmingham ; the lion. and Rev. G.
a home paper circulation) will be the largest holder of M. York, M.A., Rector of St. Philip's, Birmingham.
ang the basis of, or an indispensable element in, our circu- of being slow or badly appointed, you must put up
her lating medium of exchange. British funds, control our money market and dictate with it: added to which, the number of stoppages The Archbishop having pronounced the blessing,
of wbCTIO/1 SIFOORD.-PRO PAPRR. to our Government. Should we voluntarily place between Chelsea and London-bridge have been the proceedings terminated.
ourselves in this humiliating position to a despotic eel, 1. A paper currency under certain regulations is increased, which causes a delay of about ten minutes
the more economical and safer than gold. power, when by another system the whole might be each journey. Now, by this arrangement, a saving STATE OF TRADE.
rise 1. There is no important function that gold money avoided? Some people talk of gold as if it were the in the working of the line of fully 30 per cent. has :I.
OREIGN WOOL.-LREDS, JAN. 21.-The new
one thing needful, yet as soon as they get it they been effected with an advance of 50 per cent. added
h a now performs in our home trade which paper moneyyear has not opened so favourably as was expected,
en- cannot perform better. exchange it for something more useful. They can- to the fare, which is a tolerably modest specimen of
..
vet there has been a marked improvement in the de-
the not eat it, they cannot be clothed with it. They give the first junction movement ; but as straws indicate a mend for foreign wools during the past week. Prices
3. Therefore we advocate a paper currency as our their labour for it, it is true, but they instantly ex- current, so trifles show the disposition of men, and the
inst internal circulating medium of exchange, may be quoted with an upward tendency. i
the These propositions we are pr - '
establish,
prep to by •
change it for food and raiment-all are proofs of the inhabitants of Battersea found to their astonishment 'I 1.,
;HI ...NGLISH WOOL 111ARKET.-LEEDS, JAN. 21.
the , fact and argument, to such as will listen. If legisla- ►l.of impo icy making our national welfare dependent that the bridge was no longer free, the companies -Sales have not varied materially during the present
and ,
, tors will not veluntarily aad impartially listen, how upon it by making all produce represented by it. terminating the contract •; hence what confidence can week. In prices we do not quote any alteration.
L'""t can they believe ? Pablic opinion d' From 1796 to 1800, with a large increase of paper be placed in their liberality if unopposed ? I scarcely LEEDS.-There has been very little business done
Bally won ers.
the issues, an Mr. i the gold pound d the paper pound remained at think Cobden in all his travels, could have found
F. BENNOCH.at the Cloth halls, either on Saturday or Tuesday,
iple No. IV. par. Then the gold gradually rose from 4/. to upwards two miniature pictures more appropriate to show the although the shipping houses are making more in-
ring I FROM MR. COBDEN TO MR. BENNOCH. of il. per oa., but all other commodities rose with it, difference between free trade and monopoly. On the quiry for goods of particular sorts out of the halls.
seen Manchester, flat December, 1847. therefore the same quantity ef gold brought the same 9th the public paid 2d., with twice the accommodation'
The stocks continue moderate in the hands of the ins-
the Dear Sir,-If you direct your good intelligence to quantity of grain as heretofore, and the high prices and a saving of time, for that which they paid 3d. on nufacturers, and the larger clothiers are still further
the question with more study, lam sure you will see were not felt to be oppressive. The war ever, gold the 10th. That this state of things can laet, long the narrowing the production. Prices rule steady. More ,•
tent a fallacy in the idea that the price of gold is fixed at ceased to be is such great
h demand,
. and being highe_r enterprise of the present day does not lead me. to ex- buyers have been in the town this week than for some
riled all in this country. It is merely weighed, assayed, priced here than 'drew ere, its quantity increased, pact, but it may accelerate a change by making the time, but they purchase with great caution, and mush
Ivo- d stamped as of a certain
an quantity d an fineness, in and its price decreased, until it again fell to nearly public acquainted that there is a good opening for less than usual at this season.
opt- the same way as has been the custom in all countries par with the paper pound. The paper pound retained individuals or companies with piers on both sides of BRADFORD MARILET.-THURSDAY.-The general
foes and in all ages. The Bona dove
not buy and sell gold its value-it was not depreciated-gold and all other the river vacant. tone of the market is still of that depressed character
"aa in the common meaning of the words it merely saves commodities were appreciated, and when gold had Battersea, Jan. 18. X.Y.Z. which it has been our duty to notice for some weeks
rher the merchant or the other owners of the metal the reached its lowest natural price, then, by an artful past. Prices of all manufactures still continue de-
nci." bl
trou eor going to the Mint to have •weighed, stroke, which added one-third to his fortune, Tile RESUMPTION or TIM CORM-LAWS.-MAN-
It as- . „ ,__ i ,
_.,, , , pressed, and the business done is little more than
Sir Robert Peei fixed its price. Since then all CHESTER, TRURSDAY.-This morning a special general
nominal. Although we cannot say prices have gone
ngs. , and stamped, and takes , . 1
ire. per ova. for the
the -7
pe tion. AnY h°dy nen take gold to the Mint and other commodities have become subservient to it. It meeting of the Manchester Chamber (f' Commerce was
much lower, the unfavourable intelligence fromLirer-
held in their rooms, Town Hall-buildings., for the pur-
ol revelited the improvement which had been looked
his ohavreait coined into sovereigns, b 54 that dose not alter is fixed. Other commodities ascend or descend, not
'dering the propriety of petitioning Perlis- Po P
fret, the value of tie geld. As the Bank of En land can by natural laws, but by a vicious Act of Parliament,
went a considering
the resumption ofthe llscale • s v ing in forward to.
I;". also have ITS geld coined at the Mint, it cat neither but gold is stationary. Gold set free may be taken
March gnext. The was not very numerously MANcitHsTER, THURSDAY EVENING.-We have
'll. lose nor gain by the operation of " buyin old," as an index of price, or value of other commo- attended. T. H. Bailey, Esq., president discouragingtrade this week •
of the chamber, had a most , nothing
has as it it is called. You are I presume,g g dities, but by fixing its price, you destroy the presided. Mr. I. Ashworth, of Turton, near Bolton, can be more evident than that the
present production
•bereduced,
aware index,otherwise prices must recede
*het that in America, France, 'Rues* and every as in plugging the barometer you destroy the moved the first resolution, viz.:-" That this meeting. must again . .
that her Majesty s below the paying point • nor is there
, . any immediate
an" other Country the meta% are Coined in the same way, truth of its indications. As gold may be taken as has heard with extreme
troegret
Parliament that it is not of the min_ being divided into certain coins of invaria:
an ounce the indication of value of other commodities, so other Ministers have announcedo
sthe Legislatureto extend,
eto prospect
11 but
a a total cessation of purchases for the East, as
-e
an Ede quantities and fineness, commodities should determine the value or price of their intention toprop
h law whichpermits the fat of March next, t •
it in it. But labour determines the value of all, it is the beyond . duty free; and, deliberately China and to make sales of goods adapted
„ You my, i, suppofe some gigantic corporation ,on the importation of corn
pas' which Parliament had conferred cert •exclusive only certain and true standard.
disapproving of this resolve ot her Majesty's advisers, it for those markets, would entail a decided and even
the lled to buy all certain
I have dwelt so long on this your prominent ob- . .. . .
that apetition should be presented to both serious loss. Still our dyers are all busier, no doubt
rivileve, were comps corn offered to it is of opinion
immediately
jeclion, that I shall only briefly allude to one or two on their reassem- for the home trade. Yarns arc still dull, and lower-pet 31. Ifs. 9d. per quarter, and were obliged to sell it Houses of Parliament,-
t 31. 175 100, whatever the amount of labour cone other points; and first let me observe it would have bling, to pray for protection from the evils which a ing in value. The present severe weather forbids a
um a • '•
would you • been preferable had you boldly criticised, objected return to a vicious and repudiated t
sys-eua al- hope of improvement, as no exports are going on.
denied in its production. consider the trade
Boveis' not the to, or supported the principle of an inflexible gold though for a short period, is likely to
.en.tail upon NOTTINGIIATL-The cotton hosiery branches main-
Stu- • ,
, has In corn free ?" This question at issue. 1 h
the corn sho
Stu- The question is, whether . uld be subjected well guarded sufficient paper cur- all classes, and not more upon a anguis ing corn-
eurrency, or a . . . tain their slightly amended state, especially the cut-up
t ecurit that merce and an ill-employed people than upon the
Me- to an invariable meow* of quantity ? For this pus- rency, based on positive security-security y 5 y
of agriculture." James Kershaw, hands, who have rather more employment in this
Jets- pose the law has axed on the imperial bushel, which rather than an evanescent gold,
cannot be removed, .
Es permanent interest'
M.P , seconded the resolution, and said he believed vicinity, though the wages are miserably low ; the s
Ines contains a fixed and invariable quantity. And in the which when wanted most, 10, it is not 1 As you
it la'squite hopeless for the Minister to attempt to keep frame charges, which in general were established in
,
0010- Cala of gold it has done no more than fix in coins have judged otherwise, I adhere closely to the. text. u
mull
poly. He was quite sure that the League had better times, when wages were good, absorb nearly ~
B.ci., the wei htand fineness of
g gold. I
wal not follow You object to the illustration in my last referring to
sop enlightened the country, that the people would never half the wages. The charges made to those who
"13' the subject further, for. lam sure, if you bring your corn. I still think it legitimate, only I should have
submit to it. He regretted to hear that the President of work narrow frames are much the same as they were
dited
mind to a reconsideration of the paint, you will un- added that the crowning folly would have been in
the Board of Trade had announced the intention of eighty years since ; the introduction of wide frames
andl ---4 remain, dear Si;,making it on the conditions then named, the basis of Government to resume the sliding-scale. After ex- and cut-ups has, in addition to ruining the
lb,. derstand it perfect y. Yours truly,
RICHARD COBDEN. our circulation, controlling the exchange of all corn- pressing his dee.p. regret that the Ministry should have manufacture, introduced this preposterous state
ition, F. Bennoch, EN.
Ne. Y. modities. You say the question is, " Whether the taken such a position, he concluded by reading the reso- of things, in which a workman has to labour
mdard
corn should he subject to an invariable measure of lution, whioh was put and carried unanimously. Mr. hard two or three days for charges, before he can earn
MR. BENNOCH TO MR. COBDEN.
London, January 10,1146. quantity. For this purpose the law has fixed the John . Brooks moved the adoption of a petition to Parlia- a penny for his own maintenance. The draw e?, or pan-
la.-invariable mint, which was seconded by Mr. Thomas Ashton, and
town during the imperial bushel, which contains a fixed and
boys Sir,--My abeeace from a greater carried unanimously. 7
em-
The part of the last fortnight, u
ea aumereue pressing quantity, and in the case of gold it has done no more
MUTH FROM EXCESSIT/1 DRIMILINCI.-An inquest • -
ployment in some shops, but the prospect is very.
fix invariable' hand fineness." Here I
than an werg t .
.discouraging. Thesilk glove'
trade is rapidly mend-
y, at business engagements, have prevented my sending an le- was held on Thursday last,
at the Wolf public-house, rl-meii have full
think, with a moment's consideration, you will 0 nig in some quarters, and the wo .
Dedworth-green, near '
Windsor
, before Rupert Clarke,
nothing is so common as in this
"to earlier reply to your last letter. .
1 t tion as
ioks.
_, My object in discussing the all-important auestion serve a fallacy destructive to your illustration
the Esq., one of the coroners for the count of Berks, oa the employment; but
for some of the ware-
i''''' of an abundant and independent national currency is elucidating the subject. The law only
quality
or body of a labouring man, named James Appleton, aged latterly uncertain manufacture
od in a fever of demand i
r
o the ,
Bits Irian, mot victory-unless. . trutli. t having 11 1.:
whilst other houses are stagnan , Dearly a.. '4,
the price of . the wheat. It es the measure, drinking, within the apace of half an hour, no less
- I have formed strong opinions upon the subject, but - d The bushel IP . The cotton bobbin-net chose have has not the price of the thing measure . a quantity than four half-pints of neat gin. The their frames standing. . . . .
I en. without prejudices; any bias I maa resulted
thoughtful and be. the same all over Europe, but the ricep of evidence adduced, which occupied several hours,_ went branch, the shops for the making of insides of ma-
al in from unbiassed inquiry, tho , I believe, .3'
.• ,
chines, and the warp lace trade, are all much de-
after, impartial study of the subject. I have directed m bushel be different. idD we to prove that a number of labouring men were drink-
wheat permay very
but the price of the thing ing together on the occasion of the birth-day of one of pressed. The silk branch is, however, in a much
to the consideration not only fix the measure,
'..war, mind with deep earnestness .
measured, as exchangeable into silver, &c., the them, and that the deceased, who had been previously better condition than the cotton ; still we have hopes
a the of the ' points refereed to in your last letter,
would
sr very little. In gold drinking a large quantity of beer, and was quite intoxe of' that that manufacture.-iVottingham Review.
120, and with due •deferenea to your opinion, price of corn vy .
and
fineness, Cited, drank off the gin in question in the presence of hi,
fix the weight LEICESTER.-There is no perceptible improvement
Tice ; have been unable to discover the " fallacy. von we not only
which is very different drunken companions, of whom his own father was one.
in the warehouses atthough-
present, a fair spring '
bledi-
, obserye to lurk in the " idea of a fixed price of gold.» but the price, .
to wheat. In It appeared that Mr. Pearl, surgeon, was in attendance
trade is looked te. In
from what you do in relatione• worsted yarns but little is
I
upon the deceased almost immediately afterwards. The .
andthe •
tiling Its fixedness ma be ydemonstrated
by fact and infer-
fix the measure. In gold you fix the state of doing,
ence. The ancient notea was uit is now, the unit wheat. youtnan, after living for some time, expired.in a f
and the rice If ever a price " Died There has beensmall
a reduction on some sorts of
epeat ! ►
of cute pounddweight or measure, p • . .
great :buffering. The juryreturned a verdict o
ddle. of account, and then it consisted
~,. silver,
was fixed, the price of gold is fixed. If it is not from the effects of drinking a largt.lquantity of gin." brown and white cotton yarn, and there is more
divisible into 240 silver pennies. 'rho ache pound
s Ca-why do refer to the Mint price, and not 'P TT A Th grand ball to be doing i
you lye iLBROIS OF ...LIVfAL.- in them. Wools remain firm, and the far-
has vanished-the denominational pound rematial; but, fixed, - in comme•
en, ofThat fact is enough for
the Mint weight ? - Leicester ..
d un- instead of a pouna. of silver, it is re presented by less . • • h re* r h a • -
memorable battle of Aliwal, is the all- j
ournal.
its divisibility •
!rend than 4 ot., though it still retains into minds, without exercising muc ea cor reason monition of the
the matter. If only weight is meant, it is propos- engrossing topic of conversation • among our fashionable
[ has 240 parte, via., 20 shillings of silver, each exchange- on
t circles. Already have the decorators commenced ope- ~.
t encumber it with the double character of a
MS 0 .
.IHI COAL TRADR.-The quantity of coals shipped
tarly able by 12 pennies of cropper. 5 dwt. 8 grs. al gold owordregards the sub- rations in the large room at the Town Hall, which. is to
money denomma • bon no as
of the kind at- ut Sunderland last year was greater than in any
constitate the present sovereign or gold pound ; .
excel in taste and splendour everything
The
former • t. to 611 -52
yea', amoun ing ~ chaldrons.
the therefore the prise of 5 dwts. 3 grs. of gold, of certain stance spins w i
t h•ch we hare determined notes sh ld OU
in that room before.-Brighton Gazdte.
only be Issued-gold. Why should all be convertible tempted
increase in the vend during the year 1847 exceeded the
ad at fineness, is oft pound, or twenty shillings, and so long J 21 --W have
BRISTOL SUGAR MARKET, JAN. . 0 had
b -the large .of 90 3214 chaldrons.
Al 9 into gold ? We have already shown that convey_ his week, the demand for all de- vend of 1146 y quantity . ,
as that pound is exchangeable by so many shillings, a very good market t
rho trade continues in a very active state, and moat
tibility gold is an obstruction. We exchangeandbe • '
'icy of these •dedgetrnce the fiaed price is into
.4 4
idwith
scriptione being good, prices my. quoted ed.
of the large collieries are vvorking to the est* of link
y and 4 agal4 bY so man ' - e_ the note witk gol an the iv food or apparel ; ewt, &Arts. The rum market ta qmete-Brided
espabiEtNa
etvtaar. Whenehrw kr ~Mi * '4" tb. la ha wi 44114 (des telligeas 1414 i Oaf 'AAA of Pr
' ' Moron. . .
- • . -- -- --
•