The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-01-30 00:00:00

THE LIVERPOOL STANDARD.

of our Liverpool Reform Association ; next, th
sweeping changes, with a sop to throw to each
important interest in the community, proposed by
Mr. Richard Cobden ; thirdly, he has the more
practical and moderate plan of Mr. McGregor, and
he has just been put into possession of a fourth—
"A budget for the million, in a letter to the inha-
bitants of the borough of Ipswich from Rigby
Wason, Esq." We shall proceed to lay the
substance of Mr. Wason's views before our readers.
The honourable gentleman contends that it is
impossible to provide any sensible relief for the
country from its great hurthen of taxation, unless
we are prepared to operate upon the national debt;
and shows that, could we even adopt the extreme
views of Mr. Cobden,
"The unjust income tax woula be left in all its hideous
deformity. The assessed taxes, depriving of employment
--any an industrious artisan, would still remain ; tobacco

meeting it freely at the extreme rates current on Friday,
which, in some instances, are rather difficult to obtain ;
in American sorts from 41. d. upwards. About 4000 bales
are reported on speculation and for export.
The failure of Messrs. Robert Eglinton and Co., a
highly-respectable East India firm, is announced in
The Times of this day.

LIVERPOOL GOVERNESSES' BENEVOLENT

INSTITUTION.

The annual meeting of the members and friends of this
laudable institution took place yesterday afternoon, at
the Charitable Institution House, Slater-street. The
meeting was principally composed of ladies, whose de-
meanour indicated the extreme interest they took in the
proceedings.

JNO. CROPPER, Esq., was called to the chair. He said
every one present would be aware that that was the third
annual meeting of the Governesses' institution. The
__. • .

the luxury if not the necessary of the poor man, loaded
with an impost enormously greater than on wine, the
luxury of the rich ; then the stamp duties, only too noto-
rious for their unjust inequality : these, and many. many

report winch would be read presently would give the de-
tails of the transactions for the past year. He went on to
say that it was matter of congratulation that, although
the applications for relief had not been numerous, at the
same time the funds were found equal to the require-
ments of the it .4ution_ T-Ir

iYe onjects also to one of the most important of
reductions, viz., that of the army and navy, the
expenditure upon which he would economise, and
popularise its constitution ; but he argues, "as
few think of economising the powerful, so a well-
appointed force is, I believe, the best possible
guarantee for peace." He is prepared to adopt
the scale of Mr. M`Gregor, in place of that of
Mr. Cobden, and will allow £14,250,000 for the
army and ordnance, and about £7,000,000 for civil
expenses—in all £21,250,000. The following are
the sources from which he would derive this
amount :

. He regretted that some appli-
cants, apparently in great distress, had been excluded
from the benefits of the institution, in consequence of
their cases being such as did not come within the scope
of the intentions of the institution.

The SECRETARY read the report, from which it appeared that
the primary objects of the institution were the establishment
of a benevolent fund, and the registration, without fee, of the
qualification and testimonials of governesses requiring situa-
tions. The amount expended during the course of the year
just expired in conferring timely relief in many cases of urgent
and extreme difficulty, was £59 18s. The advantages afforded
by registration were made aprarent by the fact of 98 governesses
having entered their names and specific qualifications, during
the past year, in the boo'- "

_Ks of registration; and during that
period 27-governesses have met with engagements through the
medium of the institution. The contributions subscribed for
the elective annuity for a governess, at present amounts to
£42 10s., but at least .4500 more will be required to attain this
desirable object. From the treasurer's account it appeared that
the balance in hand last year was .4360 Ss. 7d., hut at the close
of 1848, it amounted to .4404 16s. 3d.
The Rev. Mr. PARRY moved the passing of the report
and the treasurer's account, and in doing so observed that
he performed a pleasing task. The report, he considered,
was a curious one ; it sounded like the accents of an un-
known tongue, inasmuch as it told of such an extra-
ordinary balance in favour of the institution, contrary to
the usual tenor of such documents. Adverting to the
objects of the institution, he said, all must be agreed that
no class of persons could be more fully entitled to the
consideration of the benevolent than the large class who
were objects of the solicitude of that institution. Many
of these had been nurtured in ease and affluence, and
when misfortune overtook them they were ill prepared to
rebut its consequences, and were, therefore, the more de-
serving of the sympathy of the benevolent.
Mr. TORY seconded the resolution, and the
Rev. Dr. CARPENTER rose to propose the next, which
was to the effect " that the thanks of the meeting be
awarded to the ladies' committee, the directors and offi-
cers of the institution, for their valuable services ; also to
Miss Herrington for the use of her room for the purposes
of the meetings of the ladies' committee." The rev.
gentleman said he agreed with Mr. Parry that such an in-
£24,700,000
stitution was very much wanted, and that its objects de-
This restricted plan of taxation would of course mended the sympathy and support of all the benevolent.
Dr. Carpenter, in illustration of the observation made by
leave unsatisfied the interest of the national debt. Mr. Parry, relative to the unfortunate frequency of young
protests against the dis-
Mr. Wason, however, ladies who had been brought up in affluence having, by
honesty of such a course ; and maintains-Ist, that adverse fortune, to seek a maintenance, and also to show
the debt ought to he paid off; 2 ndly, that it would the good which the institution might work,—gave a few
be very easy to pay it off; and 3rdly, that it would instances
first which
s t thoald t fallen underte his opwronfes observation.
gen
he profitahle to pay it off. The course which Mr. Leman, whose means appeared ample, not only to educate
Wason proposes is the following :—He says superiorly, but to establish in-life with comfort, his child-
" I will take Mr. M'Gregor's estimate—as good an ren. Suddenly he was deprived of health, and from
authority as any—of the annual value of the realised pro- wealth he was plunged into a state of poverty. In this
perty in the United Kingdom, at £220,000,000,—it may emergency his daughter stepped forward, and by her exer-
or may not be exaggerated ;—I have an ample revenue, tions as a governess supported her father and brought up
and could throw off many millions, and yet attain my some younger brothers. It had pleased God to reward
object of paying off the debt. the efforts of this dutiful child, and she was now comfort-
" This property is worth from ten to thirty years' pur- ably settled in life enjoying
the reward of her labours,
chase, and therefore 1 will take an average of twenty but had jt pleased God to ordain it otherwise, and to have
years. The two hundred and twenty millions, at twenty visited the declining years of her life with sickness and
years' purchase, would produce four billions four hundred poverty, who could be a more fitting object of the regard
and forty millions. Many of you will ask, what is a of the institution than this lady would have been ? Other
billion ?—it is a million millions : look at the figures : instances of a similar character, showing the calls all over
£220,000,000 annual revenue from realised property. the kingdom for such assistance as the institution pro-
-20 years' purchase. posed to afford, were adduced.
Dr. NOTTINGHAM seconded the resolution.
£4,400,000,000 value of realised property. The Rev. Mr. PARRY begged to propose Dr. Car-
" Now, only five per cent. on this sum would produce penter as one of the committee. Another gentleman pre-
more than sufficient to pay off the National Debt. Five sent proposed Mrs. Cropper as a member of the ladies'
per cent. only; and I would give the parties liberty to committee, upon which Mr. Parry begged that Mrs. Car-
pay it either at once or by annual instalments spread over penter might be also added to that committee, observing
ten years, with interest in the meantime at 4 per cent." that in such a good work he saw no reason why the
It will be seen from a perusal of the foregoing husband and wife should be divorced. The names of the
extract, that Mr. Wason has written and made his gentlemen composing the committee were read over, and
calculations in rather a hasty manner. For instance, the thanks of the meeting having been voted to the
he makes thousands of millions into billions; and chairman, the business concluded. It may forward the objects of the benevolent persons
perhaps from this source of error it is that, in an who support this charity, to state that the book of regis-
explanatory postscript, he has to raise his proposal tration is kept by Miss Gregson, at No. 126, Mount-
of a five per cent. contribution to ten per cent.; pleasant, where ladies or governesses requiring informa-
and even after doing this, it is a little under the tion respecting the institution will receive immediate '
at-
mark. These miscalculations, however, do not tention.
•
affect Mr. Wason's principle. His proposal is an
honest one. He shirks none of the obligations WRECK AND SALVAGE ACT, 9TH AND 10TH
due to the national creditor; and whether ten per VICTORIA. CAP. 99. IMPORTANT AS RE-
cent. be enough or not, there are abundant means GARDS WRECKED VESSELS AND WRECKED
by which it might be made to serve the purpose in GOODS.
view. We see, however, great difficulties in the A case was heard at the Police-court, yesterday, before
way of arranging such a contribution of capital at Mr. Rushton, which involves an important caution to all
all. To some parties a contribution of a tenth of parties who may pick up or save any wreck, or part of a
their property might be easy, and involve only a wreck, of a vessel, or any goods or property whatever,
trown or straned upon our hores and sandbanks,
temporary privation ;to others it would be fraught or up
found floating within the tidal water-rise of our river
with ruin. Mr. Wason, however, may perhaps or outward channel.
furnish us with some information, to shew us the Au boatman, named Richard Williams, who has been
practical and detailed working of his scheme. accustomed for years to recover wrecked property, and to
claim a salvage for the same from the owners, if they
were found, or from the receivers of the droits of admiralty
here, if the owners were not found, appeared in court to
answer a summons preferred against him for having lifted
and brought to Liverpool an anchor and chain cable from
the bed of the river, which had been there left, and de-
manding £3 of salvage from the owners, without having
first given notice of his having found the same to Messrs.
Chapman, Bowman, and Co., who are the receivers of the
said droits, which default constituted the gravamen of the
charge. The defendant and his men had raised the an-
chor and a heavy length of chain, and had demanded from
the owners £3 as salvage, which was considered too much,
and a sum of £2 was tendered, which was refused. The
charge in the summons was for an infringement of the
Wreck and Salvage Act.
Mr. Rushton read to the defendant those portions of
the act more especially applying to the case. By that act,
it is provided that all persons finding any wreck of the sea,
anchors, cables, tackle, apparel, stores, goods, wares,
or merchandise, shall forthwith send to the receiver of
the droits of admiralty nearest to the place where such
articles are found, a report in writing containing a de-
scription of the same, and, at the same time, place them
at the disposal of the receiver of droits.
The anchor and chain were picked up in the river on the
23rd instant, and belonged to the schooner Douglas.
Captain Corkhill, her commander, was informed, and
found both in possession of the defendant. He made in-
quiry at the office of Messrs. Chapman and Co. whether
the articles had been reported as found, and a gentleman
from their office proved, that no report had been made.
The defendant said that he had not reported the cir-
cumstance on account of his having been told, on one oc-
casion, by Mr. Bowman, that there was no occasion to do
so, if the owner or owners of the property were found.
Mr. Bowman, who was sent for, denied that he had ever
given any such latitude of control over wrecked property.
The defendant then said that he had been authorised
(or told) by Captain Garniss, the south harbour-master,
not to deliver up any property he had saved until he was
paid a fair amount of salvage from the proprietors, and
that he thought he had acted properly in retaining it until
the money was paid.
Mr. Rushton stated that the case was of great impor-
tance to merchants and shipowners, and that it was high
time that boatmen should learn that they were not at
liberty to do what they liked with wrecked or stranded
property found by them. They were bound by law to re-
port, in all cases, to the receivers of the druits forthwith,
and, in default of doing so, the defendant had rendered
himself liable to a penalty of one hundred pounds, and
also to forfeit all claim to salvage ; and, moreover, to be
fined in double the value of the articles. In the present
case, he would fine Williams in the mitigated penalty of
£5, and debar him from all salvage—the anchor and chain
to be given up to the owners.
Shortly after this decision, the defendant still remaining
in court,
Mr. Rushton said that he had since learned from Capt.
Garniss that the practice with boatmen had been as stated
by the defendant (from, it might be, an ignorance of the
law), and that he should therefore remit the fine; but the
anchor, &c., must be given up, without demand for sal-
vage. It is but justice to add that the defendant is repu-
ted to be a respectable and industrious man in his voca-
tion

Spirits, both Customs and Excise (produced
last year) .. .. • . • . £7,500,000
Tobacco, one quarter the present duty (which
produced last year £4,253,762)
Tea, at ls. the pound (Mr. M'Gregor's esti-

1,500,000

3,000,000

2,000,000

2,000,000

1,500,000
1,200,000

3,000,000

GENERAL TRADE REPORT.

MONDAY EVENING.
A healthy action continues to push everything forward.
The Parisian news tended merely to check the advance of
Consols on Saturday ; they opened at an advance of
more than a quarter per cent, which was nearly main-
tained at the close of business. The last quotation was
9li to I for money and account.

The SHARE market has been good all week, with a very
large business done daily. Our Stock-Exchange is now
open all day, from half-past nine in the morning to three
in the afternoon, to afford greater facilities for the increased
amount of business. The market of this day has been
damped a little by unsatisfactory accounts from Paris, but
buyers take the stock offered at the lower prices greedily.
Before our next publication the CORN trade, not only
in Liverpool, but throughout the country, will, doubtless,
have experienced the busiest market-days ever placed on
record. We should like to be able to give our readers an
idea of the total amount of breadstuffs in bond in the
United Kingdom ; but as the data, except that supplied
by our Liverpool authorities, seems to us imperfect, and
in some cases palpably erroneous, we decline giving them
at all, lest we should lead the public astray ; for instance,
the Economist of the 27th instant states that the total
amount of flour in bond, on the 10th, amounted to
495,015 cwts. Now, as the amount of flour in bond in
Liverpool, on the 29th December, amounted to 592,727
cwt., and the imports at any date since have been consi-
derably more than the sales, the return of the Economist
is not sufficient to cover the stock of Liverpool alone.
The stocks in bond in Liverpool, on the 29th December,
1848, were, Wheat, 119,780 qrs. ; Beans, 3,348 qrs. ;
Pease, 1,988 qrs. ; Indian Corn, 15,726 qrs. ; Indian Corn
Meal, 69 brls. ; Oatmeal, 72 brls. ; Flour, 5,785 sacks,
338,701 bib. ; in addition to which, the imports up to the
22d instant amounted to, Wheat, 65,750 qrs. ; Barley,
1,630 qrs. ; Oats, 280 qrs. ; Beans, 6,150 qrs. ; Pease,
5,800 qrs. ; Indian Corn, 89,150 qrs. ; Indian Corn Meal,
18,470 brls. ; Oatmeal, 1,000 brls. ; Flour, 330 sacks,
145,840 brls.

The sales of Sugar were large on Saturday, amounting
to 150 hhds. Barbadoes, 1,000 bags Bengal, and 4,000
bags Pernam, at full prices. Molasses are also in good
demand, and the stock being in few hands, higher prices
are asked for what is here, but we have not heard of any
, sales. Rum is quiet ; and nothing has been done in Tea
' since f

he publication of the circular, by which it will be
een a large business was transacted last week. Coffee is
in fair request : 355. has been offered for 1,000 bags Native
Ceylon, but refused. These are higher rates than any
quoted previously this year. The arrivals of Rice are
considerable, i.e., about 30,000 bags during the week, and
as these are now landing there is little doing in the mean-
time ; some small broken were sold to-day at 95., which
is fully the previous price. There is no change in Salt-
peter. We have some heavy arrivals of Nitrate of Soda;
a cargo, per the Countess of Sefton, will be offered on
Wednesday, and the trade are waiting.
The prices of IrersH Butter are a little easier this week.
Bacon and Keg Lard are both unaltered in value.
There has been a better demand for AMERICAN Lard,
and a fair quantity sold at 33/ @ 34/9 per cwt. New Ba-
con has receded 3/@ 4/. A small lot New Hams. in or-
dinary condition, brought 36/6 @ 41/ cwt. Cheese is
held firmly for an advance. Beef is expected to be lower.
Pork is firm.

ANNUAL MEI

vTING OF THE PROPRIETORS

OF THE EXCHANGE,

Our market for Scotch Pig IRON is firm, and is more
active ; sales have :)een made at 48s. cash, and 48s. 6a.
mixed numbers, 49. @ 50s. No. 1, and prices are expected
to go still higher. Bar Iron is worth £5 ss. to £5 10s. in
Wales ; £5 15s. to £6 here, with a good demand.
The mere receipts of COTTON at so early a period as at
our latest dates from America not being considered a safe
criterion, their large amount has had no effect on our mar-
ket; on the contrary, the combination of causes noticed
under this head last week, added to the improved feeling in
Manchester consequent on the favourable intelligence re-
ceived from India, has produced an unusually brisk de-
mand from the trade and speculators ; and with the large
amount of business resulting, although the recent large
imports have been placed upon the market as soon as
landed, American descriptions have advanced id. per lb.
At the close of Friday the business was variously esti-
mated at from 15 to 20,000 bales, nearly 10,000, it is
said, having changed hands (chiefly on speculation) after
two o'clock, and altogether American, but without any
very marked advance in prices, beyond parcels being more
easily disposed of, which were considered tight early in
the morning. We have to report a good demand again
on Saturday, but without any bustle in the market, and
the sales upwards of 14,000 bales, mostly American, at
extreme prices, but not more, as holders continue to meet
the demand very fairly. About 6000 bales were for export
and speculation. There has been rather a numerous at
tendance of spinners down TO-DAY, with a good general
demand : and, although the sales amounted to upwards
of 11,000 bales, yet the market continues, on the whole,
void of anything like excitement or animation, holders

The annual general meeting of the company of pro-
prietors of the Liverpool Exchange was held yesterday in
the Cotton Sales Room, Mr. Harmood Banner, the
chairman of the proprietary committee, in the chair. Mr.
Carson, the solicitor, and Mr. Younghusband, the secre-
tary, were present. _

The CHAIRMAN said the usual course on such occasions
as the one that had brought them together was to pass
the accounts of the Exchange Buildings for the year. He
regretted that some of those might require explanation.
He then proceeded to read the items, from which it ap-
peared that a loss had occurred to the proprietors of
£2,900, from causes connected with the irregular manner
in which the affairs of the Exchange were managed prior
to the appointment of the present treasurer and secretary,
Mr. Younghusband, whose mode of discharging the im-
portant functions devolving on his office were spoken of
in the highest terms of approbation. He (the chairman)
had the pleasure to announce a balance of £6,981 Bs. Bd.
in favour of the proprietors ; and, notwithstanding the
loss alluded to, this balance would afford a dividend of
little less amount than on former years.
On the motion of Mr. J. NELSON WooD, the accounts
were unanimously passed.
The second resolution, proposed by Mr. JACKSON, and
seconded by Mr. HENDERSON, was to the effect that a
dividend of £8 10s. upon each share be paid to the pro-
prietors on and after Monday next, and also that the fur-
ther sum of £3 3s. upon each share be paid to non-
attending proprietors, in lieu of their right of nomination
to the news-room for the current rear.

Resolutions were then passed for printing the accounts,
and appointing the auditors.

Mr. Richard Houghton
.and Mr. John Nelson Wood
were elected.auditors for the present year, and the follow-
ing gentlemen were named of the committee,—Messrs.
Robt. Gilt, Thos. Stewart Gladstone, Geo. Holt, John
Nelson Wood, and James Harrison.
Mr. GLADSTONE, in.proposing the thanks of the
,meet-
ing to the late auditors, referred especially to one of
them, (the chairman, Mr. Banner) to whose exertions he
attributed the present favourable position, as contrasted
with the transactions of the past year, in which the pro-
prietors found themselves.

TO THE EDITOR OF THE LIVERPOOL STANDARD.
SlR,—Will you oblige the Students of the Liverpool
School of Medicine, by allowing space in your valuable
columns for the following, in repudiation of a statement
which appeared in the Mercury of last Tuesday, headed,
" Dr. Muspratt and the Apothecaries Society of London."
We have no occasion to cavil with Dr. Muspratt's own
communication, inasmuch as we fully coincide with him
as to the arduous and essential requirements of chemical
knowledge as connected with medical education, but feel
indignant with the appendage to that letter, containing
Dr. Scott's (of the Mechanics' Institution) reason for so
few of the students signing a petitiqn, emanating entirely
from himself. We aver that no such remark as the one
stated was offered to him when requesting our signatures;
and feel much surprised and annoyed by his misrepresen-
tation, for he well knew that our objection proceeded from
a very different motive : the answers he received merely
showed him the high esteem in which our present chemi-
cal lecturer was held. True it is, that after listening to
his laudatory commendation of Dr. Muspratt, we replied,
that the officials of the College of Surgeons and Apothe-
caries Hall had already decided as to the efficiency of
those now engaged in aiding our studies, and had amply
provided the requisite assistance for the obtainment of
needful knowledge. As medical students, we do not pre-
tend to discuss with Dr. Scott the chemical abilities of the
gentleman he was so anxious to introduce to us; but, that
he should assign as a reason for our not giving him the
preference, that we undervalued chemical knowledge, is
indeed futile and absurd.

We are, sir, yours obediently,
WILLIAM N. KEMPSTER, WALTER A. BRIDGE,
JAMES DOUGLAS KELLY, JOHN FREDERICK VIVIAN,
R. C. BUTCHER, JOHN ROBINSON PALIN,
--- _
IV--

ILLIAM

'RYER,

STEPHEN HUGHES GAMES,
HUGH LEWIS PUGH,

NV ILLIAM STEVENSON, _ _
Liverpool School of Medicine,
January 29, 1849.