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

INUNDATION IN PAULATREET.

tTO THE EDITOR OF THE LIVERPOOL STANDARD.
-6111,—May I beg, through the medium of your valuable
paper, to call the attention of the J{eakh Committee to
adopt measures for the removal of the nuisance in
Pav_l-street, where there are at present upwards of one
hundred houses inundated with the ~worst kind of water,
which is without doubt the cause of• the ,rapid increase of
fever in that neighbourhood; and allowed to remain
must prove disastrous to the public,r—tl am, Sir, your
obedient servant,

RICHD. CARTER,
104, ,Prince Edwin-street.

Oe. 25th, 1847.

LORD SEFTON'S PORTRA:IT.

TO T,FEE EDITOR OF THE LIVERPOOL STANDARD.
mistake not, a few weeks ago you called the
attention of the public to a splendid painting,of the Earl
of Sefton, by. Messrs. Ansdell and Westcot. That pic-
ture •was bought by subscription, and presented to the
Countess of Sefton by the gentlemen hunting with his
lordship. I cannot for one moment ,but suppose that
that lady.-returned a gracious answer to the
_gift, but I
.assure you I and several others hare never heard pro or
con. about it; and I therefore hope you will kiudly insert
this in your valuable paper, in hopes that it magi Meet the
eye of. the. secretary.
;Lam, Mr. Editor, yours, much obliged,
A SUBSCRI E'ER.

EVERTON AND KIRKDALE WARD.

TO THE EDITOR OF THE LIVERPOOL STANDARD,

Sm,—The'Reformers of Everton Ward seem to think
Mr. Walthew a paragon of perfection. Perhaps he .is,
but the abuse his friends heap on Mr. Hornby ,does not
make him or his cause any better ' • and if a comparison
is to be instituted; between the rival candidates as to their
general usefulness, Mr. Hornby will certainly not lose by
it. However, great exertions are now making by ,the
so-called Liberals, assisted by the men who are outwardly
Protestant, but covertly Papists—that is, the Puseyites—
to oust Mr. Hornby:; ,but their efforts will be unavailing.
As Mr. Hornby is a member of the Church Expenditure
Committee, perhaps you can C. a Wray of light thrown
on the dark amalgamation of High Church and Radical
to keep out a good Conservative and sound Protestant ;
yet the electors will do their duty and frustrate them.
Yours, &c., X.
Oct. 20th, 1847.

TO THE BURGESSES OF ST. ANNE'S WARD.

TO THE EDITOR OF THE LIVERPOOL STANDARD.

ELECTORS As the period is fast approaching in which
you will be called upon to exercise your privilege of electing
trustworthy men to represent your local interests in the
Council of your native or adopted town, feeling a deep
interest in the coming contest for this Ward, it may not
be considered presumptuous me, an inhabitant of St.
Anne's for upwards of nine years, awl a close observer of
local events, to address you upon your duty on the Ist of
November. Although a reformer in principle, and in
religion a Catholic, yet lam satisfied am violating no
principle—am making no compromise—in supporting a
gentleman utterly opposed to me both in religion and
politics; this I can do with a clear conscience for one
good reason, that we are bound to sacrifice party feeling
on the „altar of the public weal ; that each of us is more
interested in good local government, and in sanatory
reform, than the trumpery question of Whig and Tory ;
and that the guiding principle of our local representatives
should be, the greater good to the greater number—real,
solid, permanent good, by bringing within the reach of
all who choose to avail themselves of it, everything con-
ducive to cleanliness and health ; if Mr. Parker be tried
by this rule, he will be found to come up to my standard
of that which constitutes a trust-worthy local repre-
sentative. As every means are being employed by faction
to prevent Mr. Parker from again representing us, let me
ask the Electors—What has he done to forfeit the con-
fidence hitherto reposed in him by the majority of the
Ward for so many years ? Is it his manly and straight-
forward conduct upon all occasions on which the present
comfort and happiness of the poor were involved ? Is it
by his unbounded charity among, the poor ? Is it by his
endeavours to procure comfort and cleanliness among the
humble classes ? Is it by the zeal and untiring fidelity,
and regular attendance to his, duties, that he has forfeited
your confidence ? I think not. The verdict of approval
lies with you, and I trust sincerely that it will be to place
James Parker, Esq. as representative of St. Anne's Ward
by a triumphant majority ; on the day of election let
every elector who admires tried zeal and fidelity to duty,
in behalf of the trading and industrious classes, rush
early to the poll, and vote for Parker, in preference to
untried men, or such, whole only aim and ambition is to
serve party interests.
I respectfully beg to subscribe myself,
A ItES.IDZNT OV ST. ANNE'S,
Octvber 25th, 1847.

FINANCIAL AND COMMERCIAL SUMMARY.

From the particulars which we give in another column
it will be perceived that the Funds, at all times an index
to the state of public feeling relative to money affairs, have
again fluctuated violently last week, rarely for half an hour
sustaining the same prices, the highest point for Consols
having been 81k, and the lowest 79k. The rates of ex-
change on Friday indicated a degree of pressure for money
beyond any thing ever remembered by the oldest exchange
brokers. The rates quoted will show the premiums
offered to command money, but on several of the points
there were no takerson any terms. As an evidence of the
severity of the pressure, the firm of Rothschild and Co.
was only induced to take some paper on the condition
that it was not to be paid for until that day fortnight.
This is a state of business never remembered by the oldest
merchant during any former period of pressure.
The most particular and discouraging feature of the
returns of the Bank of England, published in Friday's
Gazette, is the decrease of the reserve fund in the bank-
ing department, the average of which stood only at
£1,630,115, decrease from the account preceding £691,585.
And this decrease in working capital was in The face of a
decrease in government and other securities to the extent
of nearly 3,000,000, by which the reserve should have
been strengthened in great part, if not in the whole. The
coin and bullion show a small addition, tat it is evident
that the coin was flowing out from internal demand, from
the fact that a great Hebrew capitaligt homse alone paid
in during the week £102,000 in sovereigns (not £130,000,
as stated in some quarters).
The decrease of " other" securities df .X 2,474,117 comes
to exemplify, what was observed under this head before the
dividends became payable, that the Bank would be under
the necessity of letting a large amount of loans and bills
run out without renewal, in orderto save the reserve as
much as possible during the payment of dividends. The
reserve, as will be seen, was still very closely pressed,
whilst public deposits show more respectably than usna
after dividend time. The Batik df course has been sinc6l
reinforcing its reserve, but thefact of its reduction to so
low an ebo wilt sufficiently account for the repugnance
and inability of tile Bank to comply with the requests for
assistance which have been AUlchessed to it from various
quarters.
shtates'e foof tteesnser. L
gsetiaitttiolendsaiwes haithtvhe beeneLiverpoo
commercial alerercial ou
erro-
neously described. We believe we may state thethe di-
rectors of the Batik of 'England have entirely by their aid
prevented the possibility tlf any further difficulty-with this
house. They are to be carried through. Their property,
sugar, cotton, &c., 'for Wkich they are under heavy ad-
vances, is to be realized as the demand will allow, but no
forced sales will be insisted on, and the house will be re-
quired to submit to such subversion as the Bank
of Englund, through their agent here, may consider neces-
sary. The :London' newspaper reports of (Consols being
lent to the house have no foundation.

We give elsewhere the state of our cotton, corn, and
and money markets, and our readers will' find that the
condition of the manufacturing districts is most lament-
able. The -circular .of Messrs. Gibson, Ord and Co., of
Manchester, published on Saturday, says, " confidence is
wholly at an end, and the pressure for money beyond
what can be well conceived. For the winter our prospects
are indeed mostgloomy. We have never, in our expe-
rience of this market, had to record a month of greater
depression than that on which we now write. The tran-
sactions •have been of the most limited character, and
only by a great sacrifice on the nominal prices of the day,
have sales been effected." ,
The arrival of the " Sarah Sands" has brought us
advices from'New York to the 6th inst. The arrival out
of the "'Hibernia" on the 19th ult., with the accounts of
our commercial disasters, caused no small sensation in
America. ' The failures of Reid, Irving, and Co., and of
Gower and Co., was not expected to affect very materially
the monetary affairs of the States, as the American bills
drawn on those firms are, for the most part, drawn by
bankers or other strong corporations there, and if
they should come back, will be immediately
taken up by the sellers or indorsers. We
give the following from the New York Courier,
of the .6th, th instant. The markets for produce are in an
unsettled state. Cotton, however, may be said to have
fallen about la., while prices of Flour and Wheat remain
nearly-stationary. Exchange, the while, on England, is
rising. • Bills at three days sight were sold to-day at 10-1
and lthpremium, while for sixty-day bills 91, and even
10 were asked. There is, however, so much fastidious-
ness just now about bills, that for favorite names any rate
at all‘within limit may be asked. We quote to-day ster-
ling sixty-day bills at from 9 to 91, for although 10 is
asked in some quarters, •we could not learn of any sales at
that 'figure. On Paris bills were sold at 5,221. There is
a full pause in shipments, and freights go a begging.
Some orders for purchase of flour were, it is understood,
received-by the Hibernia, if it could be laid down in Liver-
pool at •245. per barrel—but as the prices here for new
Genessee is from 5 dollars 75 cents to 5 dollars per barrel ;
these orders cannot be executed. The fall in the Liver-
pool.cotton market (with favourable advices from the new
crop and the prospects of a dearth on the continent of
Earope) has unsettled the market, and produced a further
decline since the 31st-ult., of three fourths of a cent per
pound. New Orleans, Sep. 29, 1837.—The new crop
continued to • arrive prettyfreely, while rates continued
steady. Sales of 1000 bales were made at full prices."
The,accounts received of the affairs of Knapp and Co.,
the Abingdon bankers, (against whom a fiat in bankruptcy
has been issued), appear to be as bad as possible. Specu-
lationsin the funds are understood to have been the final
cause of the break-up, and it is " feared there will be no
assets at all," so that many of the farmers in that part of
the country, who are large creditors, will be nearly ruined.
The advices by the • Indian mail attracted considerable
attention in London, as will be the case now on each ar-
rival for many months to come, owing to the critical way
in which the liquidation of the failed East India houses in
England will be affected by the state of the markets on
that side. As far as they prospectively bear upon this
point, the accounts by the present mail cannot be regarded
as very satisfactory, since, •at -the date of its departure,
active shipments were still taking place, especially of rice
and sugar, which will be, discharged here upon markets
depressed far below any anticipations that may have been
formed. On the other hand, there is a general increase of
firmness as regards our manufactured goods, both at Bom-
bay and.Caloutta, as well as at Canton, a circumstance
which, taken in connexion with the accounts by the last
mail, may be held to indicate that the monotonous, and
almost hopeless, decline which had so long prevailed has
at last been•fairly arrested. The Exchange, also, is rather
more favourable, and the money market comparatively
easy, with &prospect of much further improvement When-
ever it may be decided to close the government loan.
The Singapore accounts mention dulness as the per-
vading feature of the import markets, though it is also re-
marked that prices had latterly shown some slight ten-
dency to -firmness. The position •of the Gambier planters
is described as exceedingly unfortunate; while their pro-
duce was bringing quotations much.under former years,
provisions ruled high, common Arracan rice costing the
consumers nearly 42 per picul. The arrivals of sugar
ses4imarket.
fromsu.atr3lkpsders.S to.
fia
amt
ofcaßcb oigwererot
Freightageondo
fgs partiesprincipallys
tto
oxto.Macassar,eßo rwho
hhal
sapor
,nau
dcarhthicaat purchased sapoerwepfineedetgdrahafereogssre .
selling
aozl ionnd dm
tnbi
aola
etty .
Singa-
pore enter-
prise, nn Ad-
venturestgear
turned.
prise, the Dutch having before their arrivalinundated the
pore at 4s. ,sd. to 4s. s}d. ; and for shorter periods at
betweenshf)3speadn.d
The Penguin, packet arrived on Saturday •at Falmouth,
from the Brazils, with dates from Rio to the 2nd Sept.,
Bahia, Sept. 11, and.Pernarribuco, Sept. 17. There was
little alteration in commercial matters, the markets for
British manufactures being dull, The Penguin brought
on freight about 210,000. Exchange ruled at frau' 274-
pence to /. The intelligence from Monte Video is:to the
20th August. The chief intelligence thence appears to
be that a deputation of native inhabitants of Monte Video,
consisting of the following gentlemen :—Rev. J. B. La-
mas, Dr. F. Arancho, Colonel V. Vlores, Don Sayago,
and Don A. Gayaso, were about to ,proceed to the camp
of Oribe, to propose terms of peace. From the spirit in
s
•cwwuwi e
od:
sihal we
offer, if
believed
appeared
epftewhtad
that
at
ai setll poh:,receivedeaabcprattle
Bywicaroi.nbutdisllde
4faoic
coincide
nhat
the .the
Packet
Argantineeeestsl4tvroti
at:
nh;ggAeat
uhrn
,geoCusassoptpuce
ooreBnitdo,:ti ity;
n
terminated,
rwrng toieivueranetjeodi
c:
has
htasoi s
staten o expectation
tatlfromitioagtettzeealtogether
hov vanished."
ntehi
osehf
seeing
i nEtghvi
seprayfsrsaaotgnr
e
knows that the paper named is under the entire controul
of 'the Dictator Rosas. Commercial letters, however,
state -that the blockade still continued in its loose state.'
Advices from Paraguay to 9th July, state that the Para-
guayons were preparing to send 10,000 to the frontier of
Corrientes fearful that General Urquiza would invade
them; but no military movement in Entre Rios had been
heard of. Exchange continued about 41d. Freights were
high ; at fron-i to £5 10s. for salted hides and tallow.

The Daily News of Saturday says—" The still growing
and more threatening position of banking and commercial
affairs, is said at last, and not before they are in extreinis,
to have seriously alarmed the government. A near rela-
tive of a gentleman occupying one of the highest official
positions, though not € member of the cabinet, has been
known to declare that the government must and would
interfere for the prevention of further mischief and the
remedy of present financial disorder. At the meeting of
the Alten Mining Company to-day, Mr. Labouchere, the
diairman and banker (brother of the President of the
Board of Trade) is said to have declared that, though beg-
ging not to be understood as speaking in any official sense,
or from official knowledge, there could be no doubt, in his
opinion that the government must and would come for-
ward to grant assistance in the present overwhelming cri-
sis. As loans of Exchequer Bilis must be out of the
question, seeing the discount and discredit to which they
are reduced, the assistance can only be rendered in one
way, according to all appearance, and that is by relaxing,
and therefore nullifying, the restrictions of the bank bill
of 1844. Even Sir Robert must now be more than
doubtful of the policy of these restrictions in times when
considerate accommodation must be more than ever
necessary."
We may add that a requisition to the Mayor is now in
course of signature in Liverpool, requesting his worship
to call a public meeting "to consider the propriety of
petitioning the Queen to summon Parliament to meet
forthwith for the purpose of deliberating on the alarming
condition of the country."

DEATH FROM SCALDING.—A fortnight ago, a child
named John Green. aged 16 months, son of William
Green, a labourer, living in Great Howard-street, was so
severely scalded by a pan of water, (which had been lett
upon a stool) falling upon him when he was playing about,
that he died on Sunday.
GROVES' DIARAMA, CHURCH-STREET. —lt will be
seen by an advertisement in our first page, that the
scenery has been entirely changed, and now represents
the passage of the Israelites through the Red sea. We
had no time to visit it yesterday. but from the character
of the last exhibition we should deem it well worthy
attention.