The Sun.
London, England, 1851-01-20 00:00:00

THE SUN, LONDON,

11,,,
? 1t r
1r- 's(4
,if tti'
..i - ;, . Z.

man who lives by the labour of his hands, or every
man who lives by the labour of other men, is a party
interested in the money question ; for this reason, that
by the law of the land, money is the only legal ten-
der ; that is, taxes, rent, wages, must all be paid in
money. How is the farmer to beccme possessed of
money ? Why he takes his produce to market, with
which he buys money, and he cannot make a pay-
ment till he possesses himself of that article. Sup-
posing half his crop is mildewed or blighted, then he
can only obtain half the money he would otherwise
get; and suppose the quantity of money should be
diminished one-half, then the price of the produce
must fall, because less money would be given for
the same quantity of produce. For instance,
you purchase a thousand loaves for a thousand shil-
lings, then each shilling is the price of a loaf. Dimi-
nish the shillings to 500, and the price of each loaf
would be 6d. Diminish the shillings to 250, and the
loaf would be 3d. Therefore the general principle is
that the prices of articles depend upon the quantity of
money. If there is a great quantity of money in
the country, the prices of anything rise ; if money
becomes scarce, prices fall. Various causes, he
was aware, had affected the value of money in
this country. The discovery of the silver
mines in South America was one cause. Adam
Smith had stated that from 1570 to 1640 the
price of a quarter of wheat rose from 10s. to
between 30s. and 40s. The Parliamentary Com-
mittee of 1813, which sat to inquire into the
corn question, reported that previous to 1793,
the price of corn, on an average of five years, never,
exceeded 505. a quarter ; but shortly after that a
very great change took place in the price of corn and
other commodities. The change took place in con-
sequence of the great increase in the circulating
medium, and arose from the passing of the Bank
Restriction Act, by Pitt, in 1797. In that year the
Bank of England bad notes amounting to 8,601,964/.
In the following year it increased to 12,954,685/.
In 1809, the circulation of notes had amounted to
18,214,0261., and that increase continued till 1814
when the circulation reached 21,291,832. The pro-
vincial bank paper also reached to a great amount.
Then what was the price of corn and other commie
dities during that period ? It was proved by
the Parliamentary Committee he had referred
to, that the average price of wheat from 1794 to 1820
was 87s. 10d. a quarter, a period of twenty-seven
years, but during the last twelve of that period, viz.,
from 1809 to 1820, the average price of a quarter of
wheat was 975. Bd., and this rise was not confined to
wheat. There was a list published by the London
Chamber of Commerce, in which was inserted eighty-
eight principal articles of commerce and necessaries
of life—malt, hops, beer, wine, spirits, sugar, tea,
coffee, tobacco, cheese, cotton, wool, silk, printed
goods, hides, paper, &c.—which rose very consider-
ably indeed at the same time. He had often been
told that the war was the cause of this great rise in
price, and of the prosperity which attended the
country during that period. With all its at-
tendant evils, there can be no doubt that
the progress of this country during the twenty
years of war was very considerable, but regard•
ing, as he did, war as one of the heaviest scourges
which can be inflicted upon mankind, he never could
for a moment believe that that prosperity was pro-
duced by war. We had war, and a good monetary
system. 'War was doing all the harm it could—the
monetary system then adopted, by allowing the in-
dustrial energies of the country to expand, was doing
all the good it could. The war came to an end, and
alas! the prosperity of the country came to an end.
We entered not on peace and plenty, but peace and
suffering. After the battle of Waterloo the Bank of
England was told that they must prepare now to pay
their notes in cash. They of course immediateh
took measures to reduce their circulation, and the
circulation was reduced nearly one-half in 1816 or
1817. The effect of this was, as might have been ex-
pected, from the principles to which he had alluded.
Corn fell to 645. a quarter, and, according to Sir
James Graham, the total number of bankruptcies in
1815 amounted to 1,285, and in 1816 they had in-
creased to 2,029, or an increase in one year of illy.
five per cent. Such a scene both of agricultural and
commercial distress ensued as this country had, at
that time, never witnessed. It was necessary to
account, in some measure, for that extraordinary dis-
tress, and the Government of the day told the people
that it was caused by a transition from war to peace.
These were high sounding words, the people were in
deep distress and suffering, they did not know how
to account for it (the currency laws being less thought
about then than now) ; they believed the Govern-
ment, and thought it was one of those evils against
CURRENCY REFORM. which there was no contending. But the Govern-
PUBLIC MEETING IN YORK. went of the day became alarmed at the extreme dis-
(From the York Herald of Saturda tress in which all the interests of the country was in-
The members of the York Farmers' Club, fary.)
mers
volved, and they must remember that the corn-laws
and all others interested in the success of agriculture, of 1815, which was to secure 803. per quarter for
wheat, was then passed and in operation when this
baying been invited, by public advertisement, to hear
an explanation from the Rev. John Twells, of Perle- agricultural distress pervaded the country. Alter
thorpe, near 011erton, Nottinghamshire, of the nature this corn fell to 603., and the commercial and
of the currency laws, and their injurious tendency on agricultural interests of the country were in the
all classes, but on the agriculturist body in particular, greatest possible state of suffering. The Ministers
a public meeting accordingly took place on Thursday relented, and they for a time allowed the issue of
s,
last, at the farmers' club room, Elephant and Castle
a quantity of notes, which materially increased
Inn , S:t?l,lergate. The attendance was not very
the circulation. With the increase of the cir-
num•,rous, but the remarks of the reverend gentleman culation the prosperity of the country re-
were listened to with very great attention throughout, turned, and, at the beginning of 1819, the 'Prince
Regent said, when Parliament met, that he had great
by those who were present.
Mr. Wes. Pnieeirs, the secretary to the club, ob-
satisfaction in being able to inform them that the
served that in this question Mr. Twells had taken a trade, commerce, and manufactures of the country
great interest, but that gentleman being now on a were in a most flourishing condition. Sir Robert
' visit to a friend of his at Strensall, he had thought it Peels Bill of 1819, passed about the middle of that
desirable that the farmers in this district should have year; the country was afterwards upon the verge of
an oKortunity of hearing Mr. Twells' remarks on the rebellion, the Government again relented, and an-
currency laws, the operation of which affect all classes other issue of notes took place. In 1822 Lord
of t'ae conununity. There was a gentleman present Londonderry introduced his 1/. not Act. The
with regard to whom be might say this question was circulating medium was thereby increased, and
not foreign to his busini-ss ; he alluded to Mr. New- prosperity, to a certain extent, returned. But the
'man, the actuary and secretary to the Yorkshire In- circulation was again changed, and great distress
surance Company, who, he would propose, should ensued, and the Government told the farmers
take the chair on this occasion. that the great reduction which took place in the
The motion having been carried, price of corn arose from the over-production of corn.
Mr. NEWMAN said he had no doubt they would be They said God had ,sent too much food for man, and
all aware that the currency question was one in which this caused the distress. The English people were
they were not only interested themselves, but the still ignorant of what was the true cause, and they
b
kingdom at large. It was not possible that the con- believed that also. After a short season of prospe-
r
sideration of a subject, which embraces so many im-
ity, in 1825 there again occurred a panic, in con-
portant points, could be supposed to be confined within sequence of the withdrawal of the circulation of
the narrow sphere of that room, and therefore they notes, which panic involved hundreds and thousands i
must be content to hear what was said to them, take of of industrious and prudent men in ruin, and pro-
tbe matter home with them, and not make up their
doted the greatest possible distress. It was then too
minds in a hurry, as the subject was one which - late to tell the people that this distress was caused
by the transition from war to peace, and the Govern..
required a quiet and calm consideration. It was
their duty to give a fair and candid hearing to the went could not tell them that there had been her-
gentleman who was about to address them, and, as vests which were too abundant. The harvests at
Englishmen, to come to no other conclusion than that that period were not t)o abundant, but the Govern-
which would be borne out by sound reason. He ment said the people were too industrious, and had
pointed out the importance of having a measure produced too many manufactured goods; and yet
which is always the same, and not a variable one, very shortly afterwards, in the winter, the distress
which he illustrated by putting it to the meeting of the people became so great, that the Government
whether they would like us, on going to Mr. Dav bought up all the old army clothes, and sent them
sr,op to purchase cloth, to have it measured by as into Lancashire to cover the nakedness of the indus-
thirty inch measure, when a twelvemonth previously trious classes. Again the one-pound notes were
it was measured by one of thirty-six inches. If not, issued, and this had the effect of checking the
neither would they wish, if they lent 1001., to find Panic. The amount of wealth in the country
that a year hence that sum had decreased in value. was the same—there were the same houses and
l
The Rev, J. TWELLS said, availing himself of a visit lands, and cultivated fields, but the want was a want
to a friend to whom reference had been made, he bad of the medium of exchange which had been arbi-
d _
er s' Club, because, eliding
trarily withdrawn. A person might have plenty of
e himself the: pleasure of meeting the members of'
It 'e York Forme as he did good corn in his barn, but what matter ? He could
n "-a an agricultural district, it would be impossible not pay his debts in corn—be must, therefore, turn
for him not to feel considerable sympathy with the it into money, but he had the greatest possible CHOLERA IN THE WEST INDIES‘
distressed and suffering state of the great body of difficulty in getting any money for his corn. Such
FROM G. T. F. SMITII'S PREDICTIONS.
the agriculturists. It would be •b 1 for. him. was the case with the manufacturer and the men FROM
Times of January the 411 records a very
to witness a large, industriousimapnodssie impossible
rtprising chant, and that caused the extreme distress. Mr,
startling statement of the dreadful ravages of the cho-
body of men now being ground' down asn Twells then noticed the panics of more recent
to the very earth, without bitter regret' at what werhe, 'era in Jamaica and California, amounting in some in-
date which had ensued, and stated that the alter-
considered their undeservedly hard lot. But hee ation of the value of the circulating medium had stances from fifty to ninety per cent. of the popula-
tion, which is indeed the most awful visitation that
appeared there that day not merely to express his caused Mr. Cobden in one year, to lose 20,000/., and
sympathy with them as a farming body, but to do it was the bad currency laws that urged him to do has ever occurred by this scourge upon human exist-
-what, if possible, is tar more important, to suggest, everything in his power to repeal the corn-laws, that enee.
the I shall here refer to the prediction of this plague
best remedy for the existing state of the agricultural this country might be enabled to compete with the
as it first appeared in the Cheltenham papers in De-
interest. It was not, however, merely on that foreign manufacturer. He did not say that Mr.
cember, 1847, stating the visitation of the cholera in
count that he should call their attention to thecuser - Cobden wished to injure the agricultural interest,
1849, and, secondly, in the " Queen's Horoscope,"
thatbelieved . all the industrial interests of the country are if it became necessary to benefit himself and
ruin them, he might thus written :—" Year 1850.—There is reason to tip-
has involved in this important question, and that it also find it necessary
iha aadmdiost important bearing on all other interests, that they should go to the wall. Mr. Twells
prebend a serious epidemic or scourge of some viru-
tion to that, hadvocate' next proceeded to notice the prejudicial lence both in 1850 and 1851, arising from certain
e stood there to
this question effects produced by Sir Robert Peel's Bill of 1844,
__n, no. •meteoric phenomena affecting the atmosphere, occa-
s only
Irian, but as a clergyman sioning much mortality."
forthe he as a man and an English-
and asked when that Bill was called in question, what
conscience, believed thatn ionral:is heart and
l the social, was his defence e lt was this, that the Liverpool So far the prediction of the cholera, dated 1847, to
occur in 1849, the Cheltenham papers will prove the
and the religious cd' . merchants—men not only solvent, but rich—had
the people Was oinnviotlivoend 0! the great mass
body but themselves to thank—it ,kitwatheiroveno-
latter date, and that of 1850 and 1851, the above pub-
ofthe meeting to consider wellin hits. He wished
culation which had brought them to ruin. r-Tsnea-t
That lication will show. It will also be remembered that
however erroneous some m.g.
tremarks, for
ruin, however, was caused by the absurd contraction on the proof of the prediction being so awfully rea-
persons
opinions, they were not opinions
wl
hhicirnhsider his of the ci;rculating medium. But it is much easier to lized in 1849, that I gave a statistical account of the
formed iel a hurry. He believed this countryad been
impute the blame to the victim, than to take the disease from the time when cholera first broke out in
could the world in the year 1817, up to the year 1828,
never s.,ermanently prosper as londiscredit of a mistake in legislation. What
g as the combing*
he
munetar - m which •
y se ste is established by Sir Robert wished to impress upon the meeting was this plain when the disease, according to " Orton," ceased to
Peel's B:Ils of 1819 and 1844 remain in existence, It fact, that ever since the termination of the war when- make any further progress. During the stated
would be well for him to refer to two or three authot ever the circulating medium of the country was al- periods of its manifestation there were invariably
rii,ies on the importance of the subject. First he lowed to increase so as meet the demands of the coun- either conjunctions or oppositions of the ponderous
Yawned Sir James Graham, and then quoted from a try, price's had risen to a remunerating level, and planets, Herschel!, Saturn, and Jupiter, whose
circular published in December last, by Mr, z+, p, prosperity had returned ; but whenever the circu-
magnetic attractions reduce the electricity of
Young, chairman of the committee of the National lating medium was contracted beyond the adequate the atmosphere considerably—the tests of which
Society for the Protection of British Industry. Mr. supply which the country required, then we had were published both in France and in this
Young recommends to the British agriculturist a system of forced cheap ness, and distress had country during the rage of cholera; in the former
ats energ;- tic demand 'f'dr a revision and an amend- invariably followed. He considered, therefore, kingdomby a French chemist, and corroborated by
raent of the Pre!er currency laws, which that a great deal of such distress, when it numerous experiments in England. And it is a fact
not merely - existed, was of an artificial kind, and caused not unanswerable, that from the autumn of 1824, when
Jupiter separated
.from Herschell's opposition, no
live laws, m bile they existed, hut if they got this pro• by any visitation of Providence, but by the mis-
. great conjunction or opposition took place till the
1' "jun hack a ,in these IttiVe uould again impede ! taken legislature of our Govers I
imentr. t was, bow-
year 1828, e period of four during
which and lieu' '• K ' '.
: .
7 # 6 • • ever of ver little
;,8 t train, their iict„,,te at Nether ifiLn opinion 1 y use stating those things to them if no cholera T But, years,
there
was . . when the planet Saturn came
w rue or filse he considered is was entitled to due he was not prepared to point out a remedy • and one
to the opposition of Herschell, the disease again broke
rt:s ,e • • great remedy, as it appeared to him, w '
I at • at all events, he thought it called on them, as to do away parts of Tartar
out in the y to the southward of
US sensible with the fixed price of gold, and to allow the • l
and reasoning devote their best
g men, to artic es
Orenburgh, and east of' the Caspian, in the year 1828.
consideration to for which money was to be exchanged to increase in a subject which one of tbeir admit-
This observation, I submit, claims attention, since it
tedly best friends proportion as the population and. wealth of the
'') Pointed)call their' attention to.
—(Hear.). Let it be rem by that ' i r 1 country increased; but that never could be, so lo,„ goes to prove the coincidence of the stated cause and
ena ered everyfarmer
as we had a restricted circulating medium, -7, effect. Again, it will be seen that the planets Jupi-
is a corn and cattle dealer
!In the '
time of our earl s and also a money dealer.'
: reason why we want more mone in ahi I
y fS taxed ), .
On-
ter Saturn, and Ht-rschell are in conjunction and op.
*ere received in kind—Y Sevin kings, the taxes i
country is that there becomes a necessity for an position at this period, 1850, and the result is malig-
.Were made wages andin and ;ill payments
I increase of price of things. Suppose it took six in the extreme. This phenomena will prevail
!Ant
Conqueror introduced th farmers
kind. William the . • •
. shillings to make a table, and there was a tax upon or operate their effect throughout the summer of 1851,
taxes in e system of receiving the i
money, and from th i the woricrcian, equivalent to three shillings, while he but the law being strictly electric, human science
at time every cannot as yet determine those parts of the globe

was making it, he would have to sell the table
for nine shillings ; but double the tax, and then the
workman, in order to get the same remunerating
profit, must sell his table for twelve shillings. But
how can he sell it—how can the consumer give this
increased price unless the circulating medium be
increased in such a way as to enable the con
sumer to give that money. If it is not in the coun-
try it cannot be given, and it cannot be in the
country under the system now pursued, under which
a false cheapness prevails, and the labourer and
the operative are no longer able to get a fair remune-
rative price. Having shown that the currency ques-
tion is an important one, as bearing not only upon
the tenant farmer but also upon the great landed
proprietor, he returned again to the consideration of
a remedy; and in order to do away with the fixed
price fur gold he advised a return of the system of
Mr. Pitt—not to bind ourselves to it, but to have
it improved by all the suggestions which the dearly-
bought experience and increased knowledge upon
this subject during the last thirty years could bring
to bear. He (Mr. Twells) proposed that we should
have a paper circulation of small amount—in
short plenty of one pound notes. How this should
be done he cared very little, but he thought it
might be so arranged that whe❑ vast quantities of
gold were flowing into the Bank of England, the
bank should be no longer obliged to foster specula-
tion by buying gold which it did not want, which
was the effect of Peel's Bill of 1844. The Bank was
obliged to buy and sell at a particular fixed price,
whether they wanted the gold or nut, whereupon
money fell, and people being unable to get any fair
interest for their money, were driven into over specu-
lation for which they were afterwards condemned.
Another suggestion was that of Mr. John Taylor,
a gentleman who had paid considerable atten-
tion to the subject. His remedy was what he
called taxation money, which is that every year Par-
liament should sanction the issue of an amount of

GERMANY.

On the 16th inst. the Minister of Commerce a
Berlin had an interview with the President of the
Cabinet on the subject of the affairs of the Zollverein.
The Kolner Zeitung, which contains this news, states
that it is now quite certain that Biron Manteuffel is
resolved not to yield to Austria on this point.
The same paper mentions certain rumours, which
it appears have gained no inconsiderable share of
credit at Berlin, of an army of 50,000 men, which, it
is, said, Austria intends to concentrate in the north of
Germany. With respect to these rumours the Kolner
Zeitung declares that they are unfounded, and that
Austria, far from concentrating so large an army in
the north, has not even sent the hill number of
troops to Holstein, which she was authorized
by the Ohnutz treaty to employ in the pacifi•
cation of the Duchies. It is, however, worthy of
notice that the Lithographirte Correspondent, a
ministerial journal, thinks proper to allude to this
alleged concentration of Austrian troops in a manner
which i 3 evidently calculated to alarm the public.
Tie! Ministerial journal concludes by stating that
Pru33ia too intends to reinforce the troops which are
marching upen Holstein.
Another paragraph of the same paper states that
the Prussian Government has asked for the reasons of
this Austrian concentration of troops, and that the
reasons have been stated by the Cabinet of Vienna.
Nevertheless the Lithographirte Correspondenz thinks
itself called upon to protest that the fact of the con-
centration of troops is of great importance.
The Weser Zeitung states from Hanover, that for the
purpose of preventing the soldiers who have been
dismissed from the Holstein army from infesting the
country as vagrants, the Hanoverian Government
has consented to convey these soldiers by rail to the
various stations on the frontiers of the kingdom.
was expected that not less than 9,000 soldiers would
pass through Hanover into the various states of Ger-
many.

piper money equal in amount to that of the taxes for

the year, to be laid out in the payment of the salaries
of- Government officials and other Government ex-

•
M. Beseler, late Stadtholder of Holstein, has ar-
rived at Brunswick.
The Austrian troops reached the capital of the
kingdom of Hanover on the 17th instant.
Ihe Constitutionel has the following paragraph
from Dresden, in reference to the arrangement of the
votes of the States in the revised Bunds

penses, and as it is brought in to be cancelled and ano-
ther lot issued, but never above the amount of the taxes.
The effect of this would be that the circulation would
never be depreciated any more than is the value of a
pounds worth of postage-stamps. Wth regard to the price
of the farmer's produce, there is a matter which is not
sufficiently regarded, and that is the distinction be-
tween the price and the profit. If a man sold his
corn at 503. a quarter, and got thereby a profit of
2001., that profit he supposed to be derived from the
last 103. of that quarter of wheat, because whilst he
got 503. as the price, the expense of raising the
wheat was 403. Suppose the 50s. declined to 453.,
then the profit declined one-half, because it arose not
from the whole sum, but from the last 103. Again,
if the price declined to 403., then the profit was
gone altogether, the farmer having just the same
to pay as before. It was said, true the farmers
do not get high prices, but look how cheap every-
thing is. In combatting this argument as being
fallacious, he asked what satisfaction it was
to talk to the farmer in that way, when
they had taken away all his profit. As bearing upon
this question the foreigner also had now an unfair
advantage over the British farmer. He brings over
his corn to this country, and be may take back goods
if he chooses, or he may take back gold, because he
can compel the bank to give him gold for his notes at
a fixed priee. If the price of goods rose higher than
that for which he can buy them on the continent,
he always takes back gild, and if he takes gold,
then the Bank withdraws its notes, and the result
is another panic. Sucb, it has been said, is
the natural state of trade, which in effect means that
it is natural for:, the country to be ruined about
every five years. It may be natural under
Peel's Bill, but otherwise it is no more so than that
we should have every five years a visitation of fever
or famine. lie begged to say, in conclusion, that he
had not taken up this subject with a view of wishing
to have the currency system revised merely for the
benefit of one class, but because he believed that one
interest was equally involved in the matter with ano-
ther. No doubt the farmers were the particular class
that were suffering just now, but if the present sys-
tem continued to remain in force all classes in a few
years would suffer more or less from its injurious
effects. If,
_therefore, he spoke to them, he spoke
to them not only as farmers but as Englishmen,
and if they wanted to promote the welfare
of the whole British nation, he called upon them to
make every constitutional effort to make a revision of
that urjust system of money circulation under which
we are now suffering. Alone, they would be crushed
to the earth, nothing could save them, but if they dis-
carded all petty selfish motives, and made common
cause with the other great interests of the countr),
and with all the industrious classes, he doubted
not that they would obtain a fair revision of that
system which is now paralyzing and destroying all
the energies of the land. On. their side they had
a great, and eloquent, and powerful friend. The
voice of that friend has, from age to age, bet-n
raised to succour the depressed, to redress injured
right, and to put down oppressive wrong. That voice
is the voice of justice; and if they invoked to their
aid justice, then they would be able to obtain for
themselves redress. Whereas we implore mercy of
God, we require justice of man. That, truly, is a
most difficult thing to obtain ; but experience shows
that it is always to be obtained, when men, discarding
all petty, selfish, mean, and sordid feelings, act true
to themselves, by endeavouring to obtain the greatest
amount of private advantage by seeking, at the same
time, honourably, fairly, and impartially, the general
good of their native country.—(Cheers.)
After a few remarks from the CHAIRMAN, in the
course of which he observed that the farmer wanted
steadiness in price, and that he should therefore have
corn leases;

" In the new enger-Rath, or smaller council, after sub-
tracting the votes of Austria and Prussia, three voices
will remain,which will be distributed as follows:—One to
the two Eesses and Baden; the second will be divided be-
tween Nassau, Oldenburg, the two llecklenburgg, Bruns-
wick, and the Haase Towns; the third among the other
small statos, including Huistein, Luxemburg, and Lim-
burg. Prussia and Austria have two votes each, and
each of the other kingdoms one, making nine curie with
11 votes. In the plenum Austria :and Prussia will have
lo Totes each, and the whole Lumber will be increased
from 69 to 80."

The same Journal states that the Executive will have
at its command 135,000 men, to which Austria will
contribute 30,000, Prussia 30,000, Bavaria 15,000,
and the other kingdoms each 10,000 men. In the
Hessian question it is said Prussia has proposed that it
shall be submitted to n court of arbitration of the
Baud, as soon as one can be formed, but that the
Elector will not accept the proposition.

THE SPANISH DEBT.
TO THE EDITOR OF THE SUN:
you afford me space to correct an error
into which a correspondent, under the signature of a,
" Daily Reader," has fallen in your journal of the
18th instant. Don Xavier de lituritz, to whom your
correspondent alludes in a manner which I shall not
characterize, had nothing to do, officially or other-
wise, with the " Home Three per Cent. debt,"
whereby, according to your correspondent, foreign
creditors were defrauded. The scheme in question
owed its origin to the genius of the Finance Minister,
Senor Mon, who was absolute in his department cf

I shall not go over, with so irate a compagnon
du voyage as your correspondent, the bea;en track
of the Spanish marriages ; nor shall I permit myself
to notice, in extenso, the uncalled-for allusion relative
to the graceful hospitalities of the Duke of Somerset.
With that generous impartiality which has ever
animated your journalism, I trust you will give in-
sr:rtion to this note in The Sun as early as possible.
I am, Sir, yours, dec..
H. G. S.
19, Cecil-street, Strand, Jan. 19, 1851.

Mr. WooDwARD moved, " That this meeting is of
opinion that the laws which regulate the currency of
this country at present materially affect all interests,
and are well deserving of the most serious attention of
all classes of the community."
The resolution was seconded by Mr. Linton, of
Sheriff Hutton, and adopted, and thanks having been
voted to the Rev. J. Twells for his able lecture, and
also to the Chairman for the satisfactory manner in
which he had presided over the meeting, the proceed-
ings terminated.

TATTERSALL'S—THIS EVENING
Six o'cLocx.

CHESTER CUP.
14 to 1 ags: Rhesus
20 to 1 agst The Italian
25 to 1 agst Cossack
40 to 1 agst Haricot
40 to 1 agst Lady Evelyn
40 to 1 agst Knight of Avenel
40 to 1 agst The Flying Gout

LIVERPOOL STEEPLECIIA.SE.
10 0 I agst Vain H pe
20 to I agst At d-el-Kader

METROPOLITAN HANDICAP.
12 to 1 agst Raby

DERBY.
5 to 1 agst Grecian
11 to 2 aght Prime Minister
13 to 1 agst Mountain Sylph colt
30 to 1 agst Consiellari.in