The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-10-26 00:00:00

POLITICAL MISCELLANY.

A RUMOUR AS TO SIR ROBERT.—The Post 'of Satur-
day says that it was rumoured that Sir Robert Peel had
been sent for by her Majesty, with whom Sir Robert had
a private audience. It is true that the right hon. baronet
left for Windsor on Saturday, and it is said that he was
in communication with several members of the govern-
ment prior to leaving London. The Observer of Sunday,
however, denies that the visit of the ex-premier and his
lady to the Queen has anything to do with public affairs.
THE TEN HOURS BILL.—The Halifax Guardian pub-
lished in the very heart of the manufacturing districts,
says, after some very excellent remarks on an article pub-
lished last week in the Liverpool Standard as to the
progress of the cotton manufacture, " We cannot close
without noticing how entirely one act of the last Parlia-
ment has escaped the failure and disappointment which
have fallen upon its other leading measures. The Ten
Hour Bill. instead of being demonstrated (as some vainly
prophesied) to be a ruinous evil, shines forth as a measure
which, had it been passed two years ago would have done
more good than all the Free Trade measures put together."
AN INFERENCE.—On Friday the Lord Chancellor sent
out his notice of the order in which business would be
taken in his court during Michaelmas Term, that is, from
the 2d to the 25th of November, inclusive ; and at the foot
of the notice were these words :—Except on those days on
which the Lord Chancellor may sit in the House of
Lords." This saving clause looks, prima" facie, like an
early meeting of Parliament ; but as Ministers can hardly
be supposed to have made up their minds yet, on this or
any other subject, the exception ought, perhaps, only to
be considered as so much margin, of which they may pos-
sibly find it convenient to avail themselves, if circumstances
should render such a step "expedient."—Morning Post.
SIR CHARLES WOOD AND THE STATE OF CREDIT.—
The Newcastle Journal of Saturday re-publishes the letter
of Sir Charles Wood, dated Sept. 17, to the merchants,
&c. of Newcastle, in which that gentleman said " there
is nobody who thinks that there is any want of circula-
tion or extraordinary pressure on the money market for
houses in good credit." As a practical commentary on
this statement and to supply the most convincing proof of
the ignorance of the Chancellor of the Exchequer on a
subject immediately within the province of his depart-
ment, our contemporary enumerates a list of upwards of
seventy commercial houses of high standing who have
suspended payment since the 7th August, with liabilities
amounting to more than fifteen million sterling.
DEPRECIATION IN THE VALUE OF PROPERTY.—It is
now generally thought that Government must come for-
ward with some plan of assistance, or nearly universal
ruin will be the result. The belief is, that that must be
by an extension of the circulating medium. It is a
curious fact, that the whole circulating medium of this
country is scarcely above double the amount passed day
by day (15 millions) through the London clearing-house,
exclusive of the Joint-Stock Bank business and other
transactions in various parts of the country. According
to an estimate of an experienced banker, the property of
this kingdom has suffered a depreciation of at least between
500 and 600 millions. Of the Consols alone the depre-
ciation has been 160 millions, and on railway property very
less, 1- he effect on produce and manufactures

little aesides t
nearly incalculable.

NARROW ESCAPE OF THE BANE OF ENGLAND.—On
Saturday, the 17th of December, 1825, having then only
£1,027,000 of treasure in its cellars, the Bank of England,
was rescued from its peril of stopping payment by the
accidental discovery of a huge box of Z 1 notes. These.

with the approval Of Lord Liverpool
mediately issued as a substitute IC.
cis, in his valuable history of the Bank, records that "the
delight with which these notes were received in the coun-
try proved that the want of a secure small currency air
was felt." Mr. Harman, in his evid,-
mittee of the House of Commons
notes"

government, it nn-
Mr. Fran-

sovereigns

ce before the coin-
d, "They (the a6l

s my judgment goes, they
further relates, that

worked wonders; as far
saved the country." Mr, Fran(

"In Norwich the'Messrs. Gurney are said to have stayed
the plague by merely placing a thick pile'of £1 notes of
tha Bank of England on the counter! In most of the
provinces," continues Mr. Francis, "they (the Ll notes)
were received with acclamation. Within a week from