The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-01-27 00:00:00

position of the noble Lord!" What miserable 1845, 613,138,645 yards ; in 1844, 569,677,792
vanity is here ! What inconceivable littleness of yards ; in 1843, 520,941,635 yards ; in 1842
mind ! He threw up what he tells us he was con- 366,040,519 yards ; and in 1841, 366,946,452
vinced was an imperative duty, and was called for yards—or an increase in five years of nearly three-
to avert a great national calamity, because, " after sevenths ! In the report of printed and dyed
that letter," the world would not give him the calicoes there has been a slight decrease, the quan-
credit of originality ! tities being, in 1845, 310,850,697 yards, against
Sir Robert has never had much of this quality of 313,111,455 yards in 1844. In 1843, however, the
a great statesman to throw away; and his vexation quantity was only 257,787,304 yards; in 1842.
at being in some measure anticipated by Lord John 236,012,641 yards ; and, in 1841, 278,748,275
is only natural. We are not at all sure, however, yards. In cotton thread there is also a slight de-
that the measure which was floating in the mind of crease from 2,731,039 to 2,567,705 lbs. in 1845.
the Premier on the 26th of November will prove to In damasks and diapers, there is an advance; but
have been the same which we now confidently ex- this seems a variable article. In muslins and cam-
pect to receive at his hand. It will be found, we brics, the advance is from 3,180,545 yards in 1844
suspect, that the letter of Lord John, with its an- to 4,797,968 yards in 1845. We may mention
nouncement of his adhesion to total and immediate that, upon this article, the average per tentage of
repeal, has urged Sir Robert Peel very. far beyond labour comprised in the exportable value is about
the point at which his mind was hesitating. In the 80 per cent..
communication addressed by the Whig leader to We pass over the minor articles, which fluctuate,
her Majesty, he says : according to the quantities exported in preceding
" Sir Robert Peel's letter to your Majesty, commu- years. The whole summary, however, indicates a
nicated to Lord John Russell at Osborne-house, offers the large increase in the export of those commodities
support of Sir Robert Peel to his successors, provided •
In particular, upon which the labour of the people
their measures should be founded on certain principles, i
which are there explained, and framed in a spirit of cau-
tion and forbearance towards the interests to be affected. The margin of profit in the prices of goods ex-
" The measures which Sir Robert Peel had in contem- ported is equally favourable to the industry and the
plation appear to have been the present suspension of the capital of the country. In 1844, we exported of
per
duties
on corn—a
ed by a repedimf al o theon coorn-1 dos
est no remote •te yarn in manufactured goods 322,362,810 lbs., in , precedinutif; relief and in value £20,500,949; in 1845, we
the occupiers of land from burdens by which they are pe-
weight
ex-
culiarly affected, as far as it may be practicable." ported in manufactured goods 336,866,327 lbs. in
To the first portion of the scheme Lord John ex- weight, and in value £22,063,808—a difference
pressed his perfect assent; but objected that to re- canclusive as to the superior value, so far as the in-
impose the duties, with a view to their gradual dustry of the country is concerned, of the exports
termination, would be found to be most impolitic of 1845 over those of 1843. The prices, too,
and impraticable. He applied, therefore, to Sir Robert which spinners have been receiving in the two
Peel for a more extended pledge of assistance, which years are equally satisfactory, on the most impor-
was, however, refused, but in such terms as induced tant counts of yarn. For these, however, which
him to take office depending upon such assistance. will require a more lengthy analysis than we have
We infer from all the circumstances, and the whole room for, we must refer our readers to the " glance"
tenor of the correspondence, that the measures to itself, which ought to be in the counting-house of
be announced this evening by Sir Robert himself every merchant, and in ,the bands of every states
will go far beyond his original intention, if they do
not go beyond even those of Lord John Russell.
A few hours, however, will render speculation on
the subject unnecessary

The intense interest and alarm which has for
some time prevailed amongst the monied interests
in the city, and commercial men throughout the
country, with respect to the effect of the with-
drawal of a large amount of capital from circulation
during the process of paying over the deposits on
the various new schemes into the hands of the Ac-
countant-General, has not been relieved by the reply
of the Chancellor of the Exchequer, on Friday even-
ing, to the question put to him by Lord John Rus-
sell. The noble Lord urged, on the part of his
constituents, such a departure this year from the
strict letter of the Ist and 2nd Victoria as would
allow the required operation to be performed
by the deposit of securities, as in the case of
ordinary business transactions, instead of money ;
and adduced, as a reason for entertaining great
apprehension of the result of the Act being
literally complied with, the fact that already,
to meet the anticipated emergency, the Bank had
contracted the period of loans for commercial pur-
poses from the ordinary one of one or two months
to twenty-one days. Mr. Mangles and Mr. Master-
man adduced other strong reasons in favour of the
suggestion of Lord John being conceded to. The
latter gentleman, and his large experience ought to
have great weight, stated that " he could assure the
Chancellor of the Exchequer that, with respect to
the money market, considerable inconvenience was
already felt, because all persons were compelled to
save up their money, thereby crippling accomoda-
tions for commercial purposes, to the detriment of
the community at large "

The reply Of the Chancellor of the Exchequer,
negativing the proposals of the City members, does
not appear to us to be dictated by his usual acumen
and knowledge of financial operations. By the
standing order, sought to be relaxed, he says, " all
persons embarked in railway speculations were
bound to make a certain deposit previous to the
presentation of their petitions to the House." We
might reply that the deposit in question has been
made by " persons embarked in railway specu-
lations." Their money—the money at least of such
of them as will present petitions—is already lodged
with their bankers or otherwise invested in sufficient
securities—viz., Exchequer Bills, India Bonds, ap-
proved Bills, or Consols. It is only the London
bankers who seek to be relieved from the necessity
of performing the operation of handing over the value
in such a shape as will not derange the currency of
the country. What necessity can there be of throw-
ing all these upon the market for conversion into
money to be handed over to the Accountant-
General, when the next day, or the next week, they
will have to be re-invested in similar securities ?
The object of the requirement of the Act was to
ensure bona fide paid up share lists; and that object
is equally answered in whatever mode the financial
process of handing over the deposits to the Board
of Trade is performed, so long as the money has
been bone fide contributed by the shareholders.
The Chancellor urges, as one ground of his re-
fusal, his belief that the apprehensions entertained
are exaggerated ; and that " difficulties had origi-
nated to parties from the extent to which their spe-
culation had gong." In reply to the first argument,
it is enough to know, that apprehension does exist,
and must continue to exist until the extent of the
difficulty to be met is known—in other words, until
the whole money is paid over. And, in reply
to the latter; we can only repeat that the question is
not one affecting the speculators at all, but solely
one bearing upon those whose interests are con-
nected with the maintenance of the currency of the
country in a secure and even position. The spe-
culators in railways have performed their contract—
have paid their five and ten per cent. upon their
railway projects. Is the whole commercial commu-
nity to be thrown into difficulty for the next two
months, because Government and the Bank of
England cannot agree upon the easiest mode of
performing their part of the operation ? We say
not; and we think we are warranted in saying so.

We gave, in our publication of the 15th of July,
a mass of statistical facts derived from that most
valuable publication " Barns's Commercial Glance,"
for the half year ending June 30th, 1845, which
afforded evidence of an increase in the extent and
prosperity of the cotton trade, unparalleled in the
history of that or any other branch of the industry
of the country. Another publication of the same
important compilation is now before us, giving the
results of the cotton trade up to the close of the
past year, from which we proceed to offer to our
readers a few of the most instructive and impor-
tant items. _ _

MEETING OF THE BRAZILIAN ASSOCIATION.

A meeting of this association was held on Saturday to
consider the steps to be taken to meet the decree of the
Brazilian government, enacting that the decree of Rio, by
which the representatives of British subjects deceased
were allowed to administer should be suspended, and the
terms of the treaty of the French, bearing date in 1836,
should be exacted, so far as British subjects are concerned.
The treaty in question provides forthe extension of full
privileges in cases of the decease of foreigners in Brazil,
only towards those whose governments have with that
country commenced treaties of mutual advantage; and,
although it has hitherto been interpreted in favour of this
country, it appears that, owing to .the operation of the
bill of last session for repressing slavery, we are now to
be ejected from the advantage of its provisions. A me-
morial of the association, upon the subject, is to be pre-
pared for presentation to the government.

The subj-ct of this evening's lecture at St. Andrew's
Church is, "The moral influence of Companionship."
Mr. Watson, M.P., has given notice of a bill " for the
further repeal of enactments imposing pains and penal-
ties on Roman Catholics." _

.....
On Friday, at Mullingar, before the special commis-
sioner, Bryan Seary was found guilty of discharging a
loaded gun at Sir Francis Hopkins, in November last.
BUSINESS OF THE HOUSE OF COMMONS. Mr.
Cardwell was to move last night, that the house do meet
every Wednesday, at twelve o'clock, for private business,
and sit until six, unless business be sooner disposed of.

That, -when disposed of, or at six precisely, notwith-
standing there may be business under discussion, Mr.

Speaker-do leave the chair, without putting any question.

That, whenever the house shall be in a committee at six,
the Chairman immediately report progress, and ask leave
to s't again, and when such leave has been given, Speaker
leave the chair, without putting any question. Also,
other motions for the government of the house.
IMPORTATIONS OF GRA IN FROM IRELAND.—During
the past year we have imported no less than 256,265 quar-
ters of wheat and 52,7271t0ns of flour from Ireland alone.
Besides. we imported 213,735 quarters of oats and 25,750
tons of oatmeal; yet this is the state of things when the
repeal is fiercely agitated, and O'Connell, its leader,
is corning over to vote for a repeal of the corn laws,
which will give to foreigners the very market which
Leland now enjoys. and whose advantages feed and 6othe
her farmers ! Can we depend upon foreigners for this
supply, when Ireland has ceased to find it worth her while
to exert herself to afford it to us?

FRUIT AND CAKE STANDS IN THE STREETS.—Yes-
terday, at the Police Court, a man, whose gingerbread-
board had been taken from him by a police-officer, and
lodged in the Briciewell. as having therewith obstructed
the street, applied to Mr. Rushton to have it restored.
Mr. Rushton inquired upon what authority it had been
taken possession of, he being apparently under the im-
pression that all that could be done in such cases was to
drive the party away, and if he continued the obstruction,
to proceed against him by information. The officer pro-
duced his printed book of instructions, issued from the
Watch Committee, directing that boards, baskets, or the
like, should, in such cases, be taken to Bridewell. Mr.
Rushton appeared to be somewhat surprised, and directed
the man to call uoon the head-constable to represent the
case to him, and to say, that he (Mr. R.) would not in-
terfere. 1-le had previously ordered the board, &c. to be
restored to the owner.
PRAYER BOOK AND HOMILY SoctETY.—We invite
attention to an advertisement in our columns of this day,
announcing a public meeting to be held in the Music
Flail, 80ld-street, on Monday next, February 2od, in
favour of this society. This society has proved itself
most efficient in its labours to improve the moral charac-
ter of our seamen. and to promote the observance of the
Lord's Day on board ships, when at sea. Its labours on
shore have proved truly beneficial in promoting true reli-
gion, according to the sound doctrines of the scripture,
set forth in the articles of religion, and other formularies
and works of the Cnurch of England. And its foreign
operations have greatly assisted the labours of Christian
missionaries in many parts abroad. It is expected that
the deputation from the Parent Society will give in detail
many very interesting and striking facts resulting di-
rectly or indirectly from the society's labours both at
home and abroad, who, we understand, will be supported
by the speeches of the Rev. Hugh Mc. Neile, Rev. D..

Tattersball, Rev. J. H. Stewart, and others The so-
ciety's agents in the London river only, have visited or
revisited, during the last twenty years, upwards of 50,000
ships, and other vessels. An agent has likel.,ise been ac-
tively and usefully engaged at Liverpool, in the same
work, for the last ten years. We earnestly wish the
society great and increasing success.
TEMPTATIONS TO TRACTARIANISM.—The Rev. An-
thony Denison, having publicly expressed, through the
newspapers, his gratitude to the author of " The Ideal
Church," and to the proctors at Oxford for preventing the
condemnation of Tract 90 principles of subscription, is
forthwith rewarded by a living of £9OO a year from the
Bishop of Salisbury, and an examining chaplainship by
the Bishop of Bath and Wells! A second Anthony, Dr.
Grant., tries to get rid, by a side-wind, of the condemna-
tion of Mr. Ward at Oxford, and his curate, Mr. Penny,
having gone over to Rome, is himself rewarded by a pre-
bendal stall at St. Paul's, and the archdeaconry of St.
Albin's, by the Bishop of London. Mr. Benjamin llar-
rison, late one of Dr. Pusey's Hebrew lecturers (the other
two are already gone over to Rome), is presented with the
archdeaconry of Maidstone, and a domestic chaplaincy,
by the Archbishop of Canterbury ; and this week again,
the Rev. Edward Churton, Rector of Crake, the intimate
friend of the author of Tract 90, and whose name appears
as thanking the proctors for preventing the condemnation
of its principles (I suppose because he came forward at
that period to testify in favour of M r. Newman's morality,
and his "high and well-merited esteem for his charac-
ter,") is rewarded by the archdeaconry of Cleveland, by
the Archbishop of York.—Church and State Gazelle.
THE NEW LANDING STAGE AT GEORGE'S PIER.—
We have seen the plans and specifications of the pon-
toons or iron boats that will support this landing stage ;
and, for the information of our readers who are not likely
to become es,imators for the work, and consequently
could not obtain access to the plans, we give a few par-
ticulars respecting it. The stage will be constructed in a
temporary dry dock at the north end of the town, and at
such a height from the bottom as to allow the pontoons to
be placed in their proper i.ositions under the stage. There
will be thirty-nine of these pontoons altogether, which
(except the two end ones, which are about three times as
wide as the others) are 10 feet wide each, making, with
the space between the pontoons, one stage about 500 feet
long, tapered at each end so as to form two bows, to op-
pose the tideway. The sides of the stage, which, of

It has always been maintained by us, that the
mere amount of the raw material consumed in fur-
nishing the exports of the country was no satis-
factory test of the real value of our export trade ;
but that such value was dependent upon the extent
to which the price of such raw material had been
enhanced by the amount of labour and skill em-
ployed in its preparation for foreign markets. Mere
figures, stating that so many millions value of any
article have been exported, whose raw material we
do not produce, prove nothing beyond the employ-
ment of the country's capital. What we want to
know is, by how much the country's industry has
been employed and the people's comfort has been
advanced. Hence ive have wished to see our ex-
ports consist of those articles upon which the
fullest amount of human industry and skill has
been employed ; and as affording evidence of a ~Q-tisfactory
tisfactory aspect of our commerce viewed in this
light, we congratulated the country upon the evi-
dence afforded by " Burns's Commercial Glance"
for the first six months of the past year.
The document before us, exhibiting the exports
of the whole year, we are glad to say, shows similar
results to the half-yearly statement upon which we
last commented. It gives an increase in the extent
of most of the perfected manufactures, and either
a decrease, or a stationary position, in those upon
which the smallest amount of skill is employed.
Thus, the exports of cotton yarn in 1844 were
130,214,437 lbs., and in 1845, they were
131,937,935 lbs.,—an increase not at all in propor-
tion to the total increase of our exported cotton
manufactures. Some most singular features, by
the bye, are indicated under this head, which will
furnish matters for comment at another opportu-
nity. At present, however, as affording an index
of the progress of the trade in this branch of ex-
ports, we must state that in 1843, the yarns ex-
ported were 149,214,437 lbs., or considerably more
than either of the last two years' exportation ; in
1842, 136,537,162 lbs., whilst the average of the five
preceding years was under 110,000,000 lbs.
The next item on the upward scale of importance
is plain calicoes. Of these, the exports weie,

course, will be the ends of the pontoons, are squ +re, so
as to admit of the ferry-boats to come alongside ; and,
while at this part of our description, we would recom-
mend the proprietors of the different ferries to have an
overhanging platform to their boats, to be always parallel
with the stage, so that passengers can land more quickly,
or, in other words, pour into or on to the stage a whole
broadside at once, which will be much better than wend-

ing through a gangway, one after another, which takes up
a great deal of time. There will be a man-hole in each
pontoon, so as to repair any defects or get any water out,
should there be any leakage.
CONFERENCE OF REPEAL MEMBERS.—On Saturday
a conference of repeal members took place in the Ccnci-
liation-hall, Dublin. The O'Connells attended, and
Captain Seaver was called to the chair. On the motion
of Mr. John O'Connell, a resolution was passed, " that
the Irish members going over to London do hereby pledge
themselves to oppose to the utmost all Government co-
ercive measures which shall be brought forward, if they
are not accompanied by measures calculated to settle the
differences as between landlords and tenants in Ireland."
It was understood, however, that the meeting was not
pledged to support a coercion bill, under any circum-
stances. Frequent allusion was made by the speakers to
the advice of the Dublin Mail to form an Irish Conserva-
tive party, and Mr. O'Connell asked if any Conservative
gentleman was present to propose the formation of such
an Irish party, but no response was made. Mr. O'Con-
nell said he would be happy to act under the Conservative
leader of such a party, if they could only establish it. The
London Correspondent of the Mail, at the conclusion of
his letter, in that paper of Friday, says, " Let Sir Robert
propose such a plan as, while it disgusts the agriculturists,
shall fail to satisfy the abolitionists, and a junction be-
tween the two becomes inevitable, and then may Sir
Robert bid a long farewell to all his greatness." Mr.
O'Connell quoted this passage in his speech, and uttered
a solemn " amenr to it.