The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-04-10 00:00:00

:iation of

, and the commercial di

ich involved so large a p

on of the corn-

g and ruir

meet the requirements of our d

aye occ

.ed. N

in the four N

ceeded that of o

tor our br

cornmodi

demand f
ability
them.
offered
had to
red,._,

its place in maintaining prices
But we had no such aids witl-
instant our imuorts Bevan tin

our exports,

he basis of our note circu

hition, to g

the pressiiref.
it produced d
was c

o ,pay for grain,) tl

ispended ; the pri
•• •

commodi

,t commercial

paper became almost
bolder of our gold was c
our ma-'
ful'

and the foreign

ets, appreciated

rchasin

z power I like our

iently, by ot

trade policy

ay, at this moment,

more, after flattering ourzt.,
of a general revival of commercial activity-, be,
ning to experience its effects. We have had heavy
imports of bread stuffs from America during the
past few months, am! we have every certainty, even
at the present low prices in our markets, of further
large arrivals. The cotton crop is estimated at
fully 2,600,000 bales, th,e greatest portion of which
must find its way to this country. The balance of
trade with that country is now against us. The
last mail from New York brought us advices that
the exchange upon England had fallen to 1061
per cent; and as this gives a profit upon specie
remittances of 3 to 32 per cant., we shall undoubt-
edly be called upon to pay for our imports from
that country in gold. The drain upon us has in-
deed already commenced, ' steamer, which

.L L...aerve tnat in consequence of
this information the committee wrote to Mr. Hawksley, from
whom thaw erni• A•

the IT

!ceive a full contradiction

in sovereigns

..y =CiO caving taxen out £90,000
the drain must continue until the
par, or about 110 per cent,;

I‘,. tuns mere was not a Single pipe ready
for delivery ; and, as regarded the proving machines, the only
one of them which wan rand., n-1-1:-/- L..

exchange rises to ne
and, bear in mind ti-

EXCHANGE NEWS Room, MONDA
A telegraphic report was posted this of
effect that hostilities had commenced het.
...._. "

the services of the inspectors,

now refer

flans, and that two Danish frigates had bee
and intelligence has since arrived to the effe4
a ship of the line, of 84 guns, blew up in conse
quence of her having caught fire, and that the Gefio
frigate had also surrendered to the German troops. Thi
intelligence threw a gloom over things to-day, althoug
it is generally thought that other powers will interfer
more strenuously than bevane.,,..,. _ _ _

Thn with reonrCliOtcle;;ial

Mr. THOMSON agreed to this c
~

'mug-pending dispute.
The Share market, which has been dull with a small
business all week, was to-day very much further depressed
by the unsatisfactory nature of the York and Berwick
report, and all shares have participated in the decline.
The following is an extract from this report :
" With respect to the payment to Mr. Hudson for these
shares by the company, we feel ourselves called upon to observe
that at the period when he received the cheque for .*'Bl,ooo
(the 27th of October, 1849) he himself could not have paid more
than .e 25,000 on account of the purchase of these shares,
aur lthough he might be called upon to make a further payment
.b.nr 4,10,000 on the 30th of October. The effect of this
would be that the sihuca by Mr. Hudson on his own
account and sold afterwards at an enhanced price to the com-
pany, were to a considerable extent paid for in the first in-
stance with the money he had reeeived frori the company. The
impropriety of such a transaction between an individual and a
company towards which he stands in the relation of a
trustee cannot be doubted. And we are of opinion that the
sum charged by Mr. Hudson for these shares ought to be re-
duced to the sum he actually paid for them, and the difference
repaid with interest."

and of course no proof whatever' of the strength of these pipes
could have been made. As these. pipes were to stand a great
amount of pressure, he thought it of the greatest importance
that these trial bars should have been cast at first, in order that
the pipes might be tested soon afterthey werecast. He objected
to having the pipes exposed to the action of the atmosphere
previous to being tested, because they all knew that pipes cast
from honeycomb Scotch pigs, when exposed to the action of

um ann sun, the water which fell upon them percolated
through them, became oxidized, and eventually filled pip the
pores of the otherwise open metal, so that after three months
such exposure they would stand the test much better than if
proved immediately after being cast.
Mr. JAS. HOLME thought these details of Mr. Bennett so
lengthy and so minute that they would never arrive at their
conclusion.

Mr. S. HOLME pledged himself to reply to them all in detail
Mr. TINNE rose to a point of order. He did not believe
that this report had been authorised to be placed on the books
of the committee at all.
The MAYOR observed that it was not for him to raise the
objection, for the report set out by saying" in accordance
with

wevions a

miturtuu SLOCK was quotec
132 @ 4 ; Midland halves,
4 pm.

at the close 75 @ 6 ; London,
91 @ 9 dis. ; London quarters,

- some former arrangement of the committee. But he now
understood from the remarks of Mr. Bennett that it was alto-
gether an unauthorised report.
Mr. HARBORD.—What 1., meant by an unauthorised report?
The MAYOR.—llnean to say, from what has fallen from Mr.
Bennett, that you took a journey to Glasgow unauthorised by
either the Council or the committee, and that your report is
incidental to that journey.
Dr. HODOSON begged to say that, so far as the committee
were concerned, they did not nrinpt th. cpult j uuQ so Tar as
as an are, lie did not know that it was on the minutes.
Mr. BENNETT.—Mr. Hodgson should attend the meetings
of the committee, and then he would know something of the
business transacted. He is about the worst attender on the
Water Committee.
Mr. HORNBY thought this a very important matter, for here
was a document on the minutes of their proceedings which
had not been sanctioned by the committee.
Mr. HARBORD.—WiII you have the kindness to read the
minute accompanying that report. He did not think it right
that Mr. Hodgson should be allowed to make these mistate-
ments on his own responsibility.
Mr. DRIFFTELD read the minute, from which it appeared
that the report had been ordered to be placed on the books by
the committee.
Mr. POOLE explained that the committee did not receive it
as an official report, they having merely recoreed it on their
books as a communication.
The MAYOR.—The question is whether this report will be
allowed to remain on the books, and Mr. Bennett be allowed
to go on with his remarks. Decide, gentlemen.
Mr. S. Ilounn.—" Who shall decide when doctors disagree.'
(Laughter.) 5
After a few words from Mr. Horsfall, Mr. Parker, and Mr.
Aikin,
Mr. BENNETT resumed. He said that during their visit they
had taken great care that nothing should fall from them
outlay of 160,000,
cal-
culated in any way to compromise the Corporation. The
Council should recollect that this was a contract involving an
pipes which they received for that enormous sum of money
and it was, therefore, essential that the
should be of the best quality. He was now in a position to
prove, from what he had seen in Glasgow, that they were not
cast according. to the terms of the specificationany
failure in their strength should afterwards be discovered, he
considered this most valuable information. Then, with regard
to the point of compensation, he could inform the Council that
Mr. Francis had done all in his power to magnify the expenses
which these contractors had gone to in order to work out this
contract. With regard again to these accounts, he thought
that the public ought to know more than they did of the vast
sums of money which the family of Mr. Francis had received
from the Corporation ; but as he was precluded from entering
into that subject, he would not further allude to it. He would
conclude by moving that the proceedings be confirmed, except
that portion which related to the accounts, and that they be
sent back for re-arrangement.
Mr. !TARBORO rose to second the confirmation of that por-
tion of the proceedings named by Mr. Bennett, and observed
that as his name had been coupled with the report in question,
and as some gentlemen had been pleased to throw a sneer with
regard to the payment of their expenses, he begged to assure
the Council that he never would stand there in forma pauperis

Since the circulars the holidays have intervened, and
we have scarcely got to wprk again. The only feature in
our Colonial markets is the continued good feeling for
Sugar : the remainder of the old crop of Antigua—be-
tween 400 and 50t) hbfl. —ia powtocl to Novo bcon zula
to renners at extreme rates. The Cotton market was dull
to-day, owing to the press of sellers in the market, al-
though there was a numerous attendance of spinners, and
prices Lave been rather irregular, buyers having a slight
advantage : 4000 to 5000 bales are estimated to have been
sold, chiefly American, including 500 for export. The
Iron trade has also been affected by the news from the
Baltic, and Scotch Pig Iron has receded from 50/ to 47/6
for mixed numbers, and other kinds are lower.

--•- .... .ca,, ur tne world. Witt. to have used 'that language.
inst ourselves she knows that she could compete for the Mr. HARBORD.-1 beg to state distinctly that I heard Mr
_.l- free long voyage trade; but she would buy that privi- Nicol say so.
Mr. BENNETT continued to observe that in conseo-
. _..., we are once lege dear by admitting into her ports, upon equal —.lion the committee wrote to Mr. 11,-
es upon the prospect terms with her own shipping, the cheaply built and ' - -•. information on the s
übject. tie never
had been in Glasgow during the whole of the time which has
cheaply manned vessels of Northern Europe. Any elapsed since the completion of these contracts. The commit-
government of that country would be worsted in tee were anxious to know what was going on there: but as no
making the attempt ; and the present government ittproitActlilael likedCcOamallicii4teeAr lto incur r
ci
at
nh3 risk
soefl
irovienngt theret in
is is known to be utterly opposed to free trade policy, private character; and hel considered• that information of wl
whether with respect to the liberalization of the greater importance never had been received by the Corporation Memorial was acceded to.
tariff or of the laws affecting navigation, at so trifling an expense. They found, although Mr. Hawksley Mr. D. HODGSON did not think that Memorial took a s
had previously sent a list of queries to the different parties, the ciently high ground, coming as it
did from a Christian COM-
In such a state of feeling, both internal and returns to which showed that 597 tons of pipes were ready for mittee. He would however accept it as an instalment in .tbe
abroad, there can be little doubt how the House of delivery, and that 1600 tons would be ready in April, that not right directioa.
Mr. THOMSON rose to move—" That it is unadvisable and
Lords will deal with this bill. It will he thrown one pipe was ready according to the terms of the specification,
at the time of their,visit. It struck him that there was a strange tajurnfcoTiotlnies Cocrehoeration, or any Committee thereof, to usurp
out, and an appeal made to the country. That similarity in the answers to all these queries ;. and it struck him
own. rmn
• - - tradesmen of the t
such appeal will be decisive as to the future polio, also at the time that this wonderful similarity cmild nnh, h. U
of the country we cannot assure ourselves; bt
most confident we are that it will very material]
alter the composition of the House of Commor
and the existing balance of parties.

appointed with reference to the use
of the Post-office on the Lord's-day presented a memorial to
the Postmaster-General, praying that the post-office be closed
each Sabbath morning at 9 o'clock.
Mr. S. HOLME moved the adoption of the Memorial, and
trusted that its prayer would be acceded to.
The MAYOR was of opinion that the letter carrier.

.he prayer of the

..,, . ,‘,... ku Luc uukation is levied, and that in future all
work, of every description, where practicable, shall be d
-., „...,Lcu uy sue various parties to whom they were sent having
LA a meeting together on the subject. He understood since that one
by public contract."—He observed that it was some time since
, Captain Francis had called the whole of the contractors toge- he had first brought the motion forward, and as it had been so
Ly ther, in order that they might arrange their replies together. 9fteii!ipostpd he would merely content himself with nrnyins-
Is He mentioned this publicly, in order. if not true. that it might .

Mr. TIIVNE observed that the
object whatever in view but to fnn.nr,

th Committee had no

AA,ctiLix I,OIIIIIUL
,0 I sub-committee to investigate this matt(

Lc, iffivi Lorin, ana as not a single pipe had yet been proved Air. S. HOLME agreed with the principle of Mr. Thomson's
up to the time he was in Glasgow, he was at a loss to discover motion. He did not like to see the Corporation usurp the
in what their duties consisted. The pipes which they saw when functions of private tradesmen. He would however suggest
there had been pronounced as very objectionable by Mr. Camp- that the motion should he
bell himself. but h. naa.a -

eucn 'ommittee of the Council, previously to recommending
that any Rata be laid by the Council, to consider and report
how far each of the Rates now laid by the Council can be redu-
ced." It would be in the recollection of the Council that the
burgesses at large viewed with unqualified approbation the con-
duct of the corporation in settling the claims of the burgesses
in regard would to the local rating question. They ould have ob-
served that the recent vestry meeting expressed a strong feeling
that the. ennrtron v_ • ..

butituu, in Laying its rates, make them as liglii
as possible for the ensuing year. The poor rate for the next
year would he at least 3s. 2d. in the pound; this must be paid,
although it was heavy, indeed, and as the parish had no sur-
plus fund to depend upon, no estate to fall back upon, they
hoped that the committees of the council wouild deal as lightly
with the local rates as possible. He had great reason to hope
that the 3s. 2d, in the pound would clear off almost all their
liabilities, and that next year they would have a very low rate
indeed. Cheap rates was a question in which all were inter-
ested, not only the tradesmen and shopkeepers, but the house-
owners, and the owners of all kinds ofproperty. In conclusion,
he would respectfully move the resolution of which he had
given notice.
Mr. PARKER seconded the motion.

Mr. At KIN suggested that the motion ought to be altered to
a recommendation to the committees, to the effect that each of
them should on all occasions do their duty.
Mr. G. H. LAWRENCE did no understand the resolution. Mr.
Ferguson had asked " for this year," but he must be aware
that they were not to lay any rate this year, in addition to the
rates which they had already laid.
Mr. COOPER was satisfied that the rates in Liverpool were so
high that tradesmen would soon find the town too hot for them
Churchwarden Ferguson. And he might just tell them that if
the Health Committee came there for a larger rate than that
charged by the oid Highway Board, he would oppose it to the
last.

Mr. TINNE was quite as unwilling to impose a rate as any
member of the Council could be. He did not know what was
to be gained by passing such an abstract motion as that before
them.
At this stage of the proceedings, the MAYOR intimated that
there was not a Council present, and so the matter dropped.
The meeting then adjourned.