The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-12-07 00:00:00

I turn the
;s may be

there was not one bad(
HOWWANTOF CONFIDENCE PRODUCES INSUFFICIENCY
OF THE CI

Gazette

y rate of eireula-
healthy state of
ches 119, that the
xpansion is not,
gn of prosperity.

tion is by no rt
trade. But th
IoW rate must be lei
as is commonly supi _
On the contrary, it is too commonly a token of want of
commercial confidence, and an indisposition to receive that
far larger but uncalculated species of currency, by means
of which the great transactions of the country are carried
on, and to which the whole coinage and bank paper of the
realm bears a mere fractional proportion—we mean the
commercial bills of exchange. The ordinary currency of
the country, the bank paper and all the gold which could
possibly be imported, even were it all thrown into circula-

an inevitable si

icient to supply the place of
Lich has for its basis nothing
more than mutual confidence and credit ; .but then that
paper must be realisable as it becomes due, and it is for
that purpose that a 1
rency is required.
nerated in the countr

n y insi

that commerci

Whenever a want of confidenceis ge-

the merchant and manufacturer
are immediately compelled to have recourse to the bank
in order to have their bills discounted. The facility of
these discounts, of course, depends upon the amount of
money in circulation, and also very much' Upon the rapi-
dity of its return in the shape of deposits or otherwise. A
banker cannot, any more than a private person, discount
without having money, and where no money is procurable,
the ultimate result must be a stoppage. And so it is, as
we know full well from the result of the last two months,
during which we have witnessed the unparalleled spectacle
of houses suspending payment, and exhibiting at the same
time a large excess of assets beyold all their liabilities.
Want of confidence, therefore, however brought about, is
the great evil against which, in this country, we ought es-
pecially to guard, since it seems almost' apparent that,
when it occurs, human ingenuity is not able to provide a
remedy.—Blackwood's Magazine.

JUDAISM AND THE LEGISLATURE.—We are told that
to exclude Jews from parliament is intolerant. What,
however, is intolerance ? Etymologically it means,
non-endurance." Do we not endure the presence of
? Are they not indulged and protected in the exer-
cise of their religion ? Do they not, in fact, by the prin-
cipal argument that they advance, their wealth, acknow-
ledge that they enjoy in equal measure with the most fa-
voured amongst us all the blessings of the most unbounded
toleration ? We hear some whifflers.—creatu'r'es who lOok
only to the places men take in what is canal good so-
ciety," complaining in terms like these it not a
shame that Nathan this, or Lionel that, 'who has so much
—a house so gorgeously furnished, such! sni.- •

money

-cannot, poor
!ndant social

But, stop gentle whiffler, we say—Where did Nathan or
Lionel gain that wealth—the means• of purchasing all
those fine things that so dazzle your imagination and

fever your tender sympathies ? He did not derive it
from ancestors, that is clear ; he did not win it as the re-
ward of public terv:ces, that is equally clear. lie must
have accumulate his wealth by honest or dishonest in-
dustry under this very constitution which you call intol-
erant, and, what is more, under the same intolerant
constitution he enjoys in perfect freedom all the plea-
sures that wealth can buy, except the pleasure of go-

and his f

rilY separated themselves
people with whom they will

have volu

by impassable

not worship in commcn, marry, or even eat. lt,
however. every one excludek'. from the House of Com-
mons has reason to complain of the constitution as in-
tolerant, what is to be said of the exclusion of

cers of ihe Government ; of the exclusion of pen-
sioners who have earned their pensions by real civil
services; of the exclusion of all men is England and Ire-
,

domesticated amongst us ? These, numbering one hun-
dred fold or one thousand fold the number of Jews in the
United Kingdom, are all excluded from the House of
Commons on special grounds, and we hear no complaints
of the exclusion ; yet it would be difficult to show that the
ich the servants of God's Word,
f the Crown, the lg;; wealthy

special grout

reign Christiani

are excluded, are by one-to2.:.qii strong as the specia
gounds for the exclu,sum of Jews. Why, for example, tin
Christian lawyer or physician who has not realised £3O(
year is not as fit a legislator for a generally Christian
as a Jew. though " rich beyond the dream o