The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-10-19 00:00:00

POLITICAL MISCELLANY.

Parliament was on Tuesday further prorogued until
Thursday, the 11th of November.
The Globe states pretty confidently that Parliament
will assemble next month.

Richard Cobden, Esq., M.P., arrived in London on
Monday, by the steam-ship Countess of Lonsdale, which
vessel left Hamburgh on Saturday. Mr. Cobden reached
Manchester on Tuesday. We believe he has not yet sig-
nified his will with respect to the representation of the
West Riding. The Stockport Advertiser positively as-
serts that Mr. Cobden will not resign his seat for that
borough, and that consequently we shall have a new elec-
tion for a member for the West Riding in conjunction
with Lord Morpeth.
THE CABINET COUNCIL.—Two Cabinet Councils have
been held this week, one on Tuesday and the other on
Thursday. The latter sat three hours. Nothing has
transpired as to the subject of their deliberations ' • but it
may safely be assumed that the unprecedented money
crisis through which the country is passing, the omincr:s
aspect of Ireland, and the unsatisfactory state of our
foreign relations as regards Spain, were among the pro-
minent questions which engaged the anxious consideration
of ministers. These questions are severally of so grave a
character, that it was rumoured the determination had
been come to of calling parliament together next month ;
but we attach no credit to this rumour, because neither of
them, serious and embarrassing as each may be, calls for
any immediate legislative interference.—John
STRENGTH OF POLITICAL PARTIES,—In the Quarterly
Review just published, there is a remarkable artic'e on the
subject of the state of parties in the House of Commons.
The writer estimates the probable conduct of these par-
ties, but says that " the real key of the Conservative po-
sition is the strength and ductility of that party which
Sir Robert Peel so sedulously cultivates, and so solemnly
disclaims." The reviewer, however, holds to the opinion
that "not one half of the estimated number of Peelites
will follow Sir Robert Peel in support of any revoluti-
onary measure to which he may be led or driven " (by a
Peel competition for Radical support). The reviewer as-
sumes that the first trial question of the session will be
the attempt to force the Jew, illegally elected for the
city of London, into the House of Commons, by a vote of
the house, in derogation of the authority of the statute,
and severely, but not more severely than justly, rebukes
Lord John Russell for the account he has throughout given
to this scandalous violation of the law. The following ap-
peal puts the case admirably, even in the low secular view :
—" The very gentleman who stands prominent in the
present question, and in whose person the trial is to be
made, announces himself as the Baron Lionel de Roths-
child. Baron of what ?—of what nation ? He is no baron
of England. We hear that he is a baron in Austria !
What does an Austrian baron do here ? and how does Mr.
Macaulay's declamation apply to a person of foreign name
and blood ? But lie is not merely a baron ; he is the
Baron Lionel de Rothschild, which means that he is one
of three or four brothers or cousins, of whom Solomon is
a German, and Jacob is a Frenchman, and Charles a
Neapolitan, and Lionel an Englishman—but ALL ARE
JEWS." There is no part of the review with which we
are more gratified than the compliments, more than once
repeated, to unquestionably the most remarkable man of
our time—Lord George Bentinck. " Confidence," says
Lord Chatham, " is a plant of slow growth in an aged
bosom ;" and though genius and conscious worth would
exclude mean jealousies and frivolous resentments from
the breast of such a man as the reviewer, as they were ex-
cluded from Lord Chatham's breast, yet the confession of
t
itnh et
haagte ds
opi
la. t riot
Whs he
no wws hefionwd hardly
reaonn
sfitdaethnscme
atna,kes
the r ooas-
sociate in office of the great men of the last forty years,
who held Conservative principles, and himself not inferior
to the greatest of them in genius and in fidelity to his
principles,—when we find such a man bearing testimony
to Lord George Bentinck's unrivalled ability—unrivalled
by men of our day—we are delighted to find our own
judgment confirmed by such high authority.

RAILWAY AFFAIRS.
—#—
CALEDONIAN.—There is now every reason to expect
that the line will be opened to Edinburgh in the begin-
ning of December.

CHESTER AND HOLYHEAD RAILWAY.—A private in-
spection, by the Directors, which may be called an open-
ing of 45 miles of this line,—from Chester to Conway,—
was to take place, and, we believe, did, on the 14th inst.
A PRODIGY.—We understand that a new company for
carrying out a railway line between Lincoln and Grantham
has been started, and that a survey has been effected
during the last fortnight.—Stamford paßer.
OLDHAM EXTENSION RAILWAY.—The new line of
railway from the present Oldham station to the new sta-
tion at Mumps, Greenacres Moor, is to be opened in the
course of a few days for passenger traffic.
During the present money pressure, would it be too
much to ask of the different railway companies to issue
quarterly dividends? It would let a deal of money loose,
and be of great service, at the present moment, to a hard-
up public. - -
A lady suggests, through the Railway Chronicle, that
railway carriages should be fitted with tin tubes, so con-
structed as to be joined together by flexible india-rubber
tubes, and to open upon the seat occupied by the guard,
who could thus be communicated with by every passenger
in the train, and the precise ground of alarm or cause of
danger stated.
From official returns it appears that the amount of
traffic for the last week, on upwards of 3,152 miles of
railway, was £207,905 ; thus accounted for :—£109,232
for the conveyance of passengers only ; X 52,506 for the
carriage of goods ; and a remainder, of £46,167, for pas-
sengers and goods together, not respectively apportioned;
being an increase of £32,792 over the corresponding week
of last year, when the mileage was about 2,525.
CURIOUS WAY OF INCREASING TRAFFIC.—We heard
the other day of an instance of traffic increased, we might
almost say created, by increased facilities, which bears
strongly on the dicious extension of the railway system.
The celebrated Bianconi, of Ireland, put one car on a cer-
tain road, and it failed to pay. It was. of course, thought,
after a sufficient trial, that he would take it off. Not so,
however; he put on two, and still success was wanting.
He then put on four, wherei neither one nor two would
pay, and, behold, they filled and paid ! and, if we remem-
ber the information rightly, the same road has now twenty
cars driving a profitable business.—Railway Magazine.
CONTINENTAL RAILWAY LAW—A SEVERE SEN-
TENCE.—A rich farmer of Valdbye (Denmark), named
Steernerson, has just been tried at Copenhagen, for
having attempted, by displaying a red pocket-handker-
chief at the end of a stick, to stop a train running on the
railway from Copenhagen to Rothsthield. He acknow-
ledged that he had displayed the signal as stated, but
affirmed that he did so in consequence of a wager en-
tered into by him, after a copious breakfast, well sea-
soned with wine, that he should succeed in stopping the
first train that appeared. Knowing that to display a red
flag signified danger, he had displayed his handkerchief,
as mentioned in the indictment. The court, finding him
guilty, sentenced him to 10 years' hard labour in a house
of correction, being the penalty laid down in the Danish
-law against any attempt to stop a railway train, or impede
its passage. Steernerfon has appealed against this severe
sentence.

SUSPENSION or RAILWAY WORKS.—Tbe directors of
the North Staffordshire Railway Company have given
orders to their agents in Staffordshire not to pay any pur-
chase money for land, &c. until they are absolutely obliged
to do so. The Brighton company have given direction to
their parliamentary solicitors to suspend for the present
all operations which may involve expense.
FATALITY.—Thomas Seed, a labourer, in the employ
of the Electric Telegraph Company, met with his death on
Monday, whilst at work on the Liverpool and Manchester
Section of the London and North Western Railway, a
short distance from the Barton. Moss Station. The de-
ceased was appointed to paint the posts which support the
wires of the electric telegraph on this line, and while pass-
ing from one post to another, carrying his ladder and paint
can, he stopped to look at the special train which passed
him at the time, about 300 yards from the Barton Station.
He was off the line, and as he supposed out of danger,
but the passenger train which arrives at Manchester about
half-past ten, just then came up on the other line unob-
served by the deceased, and at that moment when it
reached the spot, he stepped on to the line in front of it.
So suddenly did the train come upon him, that he was
knocked down instantaneously by the engine, and being
thus thrown forward in front of the train, the whole of
the carriages passed over him, killing him instantaneously.
RAILWAY ACCIDENT.—A serious casualty occurred on
Monday, about mid-day, on the Lancaster and Carlisle
line, close to the Milnthorp station, about seven miles
from Kendal. A luggage train from the south was stand-
ing at the station on the down line, when a train laden
with cattle, drawn by two engines, came up at a rapid
rate, and before warning could be given, ran into the lug-
gage train, throwing over and smashing the engine, and
forcing it some yards off the line. One of the engines of
the cattle train was also very much damaged, and the
stoker so seriously injured that he died shortly after. Three
other men connected with the trains were severely, but it
is thought not fatally, hurt ! 14 of the bullocks were killed
upon the spot, and lay among the ruins of the trucks in a
dreadfully mangled condition. The line presented a sad
spectacle, and was completely obstructed for some hours.
It is said that this luggage train was not in its proper place
at the time of the collision, but ought to have been
"shunted" so that the line would have been clear. The
passenger train from the south came up to the spot imme-
diately after the accident. Had it arrived a very short
time before, the most serious consequences might have en-
sued. It was said that this affair would cost the company
at least £2,000.

A deputation from the Liverpool, Manchester, and
Newcastle-upon-Tyne Junction Railway Company, con-
sisting of Thomas Row,Wilson France, W. A. S. Westoby,
Thomas Broadbent, Francis Billam, and Alexander G.
Gray, directors, with Mr. Wilson the secretary, and
Messrs. Edward Bennett and Parson, solicitors to the
company, had an interview with the commissioners of
railways at Whitehall, on Wednesday. The deputation
stated that they had either to make calls, or suffer their
Act to expire. The latter alternative would not only in-
volve the loss of all the money that had been expended
in obtaining the Act, and in making the necessary sur-
veys, &c. ; but in all probability, the loss of the whole of
what remains of the deposits, inasmuch as there were en-
gagements which the Directors could and would be com-
pelled to complete, whether they went on or not. The
deputation, to meet the difficulties with which Companies
in their situation were beset, suggested, that Government,
early in the next Session of Parliament, should introduce
some general Bill, entitling Companies who are desirous
of awaiting a more favourable period for the prosecution
of their works, to an extension of time for the purchase of
land and the completion of the lines ; they suggested that
the general Act might contain powers to extend this time
for a period not greater than five years ; and provide that
the Company should be obliged to give notice to the
landowners of their intention of applying for such exten-
sion of time.

DEPRESSION IN RAILWAY SHARES.—Of the few rail-
ways that did last year fall off in dividend, we believe it
was from dividing upon a larger capital than had been
brought into play, through some crotchet of shareholders
at former meetings. It was rarely, if ever, on diminished
receipts on the trunk lines per se. Take a few examples
of the present prices of shares, compared with what they
were. The London and North Western, at about £145,
which were currently sold at £252, in 1845 ; the South
Western, at £53, which, after a very great fall, were
thought cheap at £75, having been at £B4 ; the Brighton,
at £3B, which have been at £BO ; the Dover, which have
been at £49 or £5O, selling at £29 ; the Eastern Counties,
at £24, now fetching £l6. With the exception of the
North-Western, which, like the Liverpool and Manchester
of old, has, for a while, sunk from 10 to 9 per cent.
dividend, all those lines are paying higher dividends ; and
some of them, as the Dover, much higher. What reason,
then, can there be, in these excessive differences of price?
if the prices of '45 were too high, every one must admit
that the prices of '47 are much too low. We are among
those who think that railways ought, generally, to pay 5
to 6 per cent. •, though the stability and prospects of some
would justify 4to 5 as sufficient. Be, however, the par
what it may, no one can say that the North-Western,
paying above 6 per cent., is not a much better investment
than the Consols, paying under 31. What is there to
justify such a difference ? The one is a solid, substantial
freehold ; the other a mere phantom. It is true we are
all linked together to pay the interest of the Consols, but
it is paying the interest for a shadow, the substance of
which has disappeared in smoke, and leaden and iron
balls. Though we may be considered all mutually pledged
to pay the interest on Consols, it depends for accomplish-
ment nearly as much on the trade of the country as
the dividends of railways do. Were our trade and
resources seriously to diminish, the Government would be
under the necessity of applying the sponge, not, indeed,
to the substance, for that could not be found, but to the
figures representing it, or else borrow more to pay the
interest of the present.--Railu•ay Magazine.
RAILWAYS AND DUST CONTRACTORS.—The recent
contracts entered into by the various metropolitan parishes,
for the sale of dust and refuse, disclose a state of affairs in
the building trades which will be found strangely at
variance with the ideas usually entertained of the unnatural
activity induced by railway works. Towards the autumn
of last year such was the competition amongst the con-
tractors for dust, that the offers were in many instances
tripled in amount; and, even with this enormous increase
in the cost of a portion of the material, the consumption
of bricks went on so rapidly, that at the close of the win-
ter it appeared 150,000,000 had been entered for duty
within the Excise district of London alone. Dust or
" breeze" went up to 14s. per chaldron, and with the
prospect of an increasing demand for several years to come.
The stoppage, however, of so many railway acts in their
passage through Parliament, together with the present
financial difficulties, has caused such a stagnation in trade,
that at this moment dust is unsaleable at 3s. 6d. per chal-
dron, and there is hardly a contractor or brickmaker who
has not lost heavily by his recent engagements. The con-
tracts made for the present year with the various district
boards offer a sad contrast with those which have just ex-
pired. The trustees of the Lambeth Improvement Act
have sold the refuse of that extensive parish, which last
year brought £1,112 10s., for £3l 10s., and have remitted
the contractor 25 per cent., or £278, on the last contract.
In the eastern division of Southwark, the local trust,
which last year received £3lO, is now compelled to pay
the contractor £3OO for the removal of the dust, making
a difference of £6lO to the inhabitants. The south mid-
dle district of the city pays £lOO instead of receiving as
before £950, a difference of £1,050 to the ratepayers. St.
Luke's, Old-street, is in precisely the same condition, and
the contractor has applied for an allowance upon the
amount of the last bond. The parish of St. Giles, Blooms-
bury, has suffered most severely, the difference between
the contract of 1846-7 and that just entered into being no
less than £1,820. The inhabitants of the united pa-
rishes of St. Margaret and St. John lose £670., as com-
pared with their last contract, and remit £5O of the
amount due upon it ; and, of course, as in all instances,
the sums so received by the various boards are applied in
mitigation of the parish burdens, it follows that in the
six cases enumerated an addition of £6,000 will be made
to the local taxation. At this moment the market for
ashes is wholly at a stand-still ; and so much does the
supply already exceed the demand, that it is computed
that at the close of the present season there will be enough
on hand to make 300,000,000 of bricks, sufficient to meet
the ordinary wants of builders for years to come.—Sun-
day paper.

SPORTING INTELLIGENCE.
NEWMARKET RACES.

The CESAREWITCH STAKES (Free Handicap) of 25 soya.
each, 15 ft. with 300 added, &c. Cesarewitch Course.—
(68 subs., 30 of whom declared.)
Mr. Dinsey's Cawroush, 4 yrs, 7st (G. A:Wale) 1
Mr. T. Parr's Giselle 4 yrs, 6st 121 b (W. Butler 2
Mr. Greville's Geraldine, 4 yrs, sst 121 b (carried 6st) .. 3
27 more started, including Wolfdog, War Eagle, Cos-
sack, St. Lawrence. Inheritress, &c., not one of which
was placed. The victor is a half-bred Irish horse, whose
recent performance at Manchester was anything but indi-
cative of the qualities that carried him through success-
fully.
Betting-5 to 1 agst Geraldine, sto 1 agst War Eagle—
taken, 6 to 1 agst Remeniscence, 8 to 1 agst Rob Roy, 12
to 1 agst Ulysses, 16 to 1 agst Miss Whip filly, 20 to 1
agst Pillage, 20 to 1 agst Bingham, 25 to 1 agst Cossack.
30 to 1 agst Cawroush, 30 to 1 agst Inheritress, 30 to 1
agst St. Demetri, and 50 to 1 agst Giselle. A few mi-
nutes after the time appointed, the horses were brought
in order to the post, and got off well at the first signal,
the dropping of the flag in advance being answered by
the new starting telegraph, which was placed conspicu-
ously in the ditch for the purpose of announcing the start
to the spectators. Cawroush jumped off with the lead,
followed by Ulysses, next to whom were Geraldine, Gi-
selle, Rob Rob, and several other light weights, the heavy
weight and Vanity lying in the rear. They came in this
order through the ditch, Ulysses keeping his place until
nearly a quarter of a mile on the flat ; he then fell back,
and Giselle became second, Geraldine following her.
The race continued in this order to the end, Cawroush,
e xbeaten
ca
without ever being caught, winning cleverly by a length,
ifaxovtrhethe been
:Text
t to
this
i third place. more • f
loor P thanm
e
h
Giselle beating Geraldine by nearly two lengths. Cos-
sack laid off to the new ground, where he quitted his
horses and took his place next Geraldine, making so good
aw aafilsf a n
fiisfhtnhe
that
do 1 1
14. 1 ehaadclyof
a uNl%drwndi
ago
ittrh
sixth.
St. Demetri and Wolf-dog, and then a ruck of at least a
dozen. Rob Roy, War Eagle, Reminiscence, and the
Goodwood horses were a beaten long
way. RiM in 4 min.
2 sec. Value of the stakes, £1,620. It is said that the
owner of Cawroush and his friends win £30,000 ! Nearly
the whole of the " ring" and most of the
losers.

THE CLEARWELL STAKES, of 30 soya each, 20 ft. For
two-yr-olds : colts,Bst 71b; fillies, Bst 41b. T.Y.C. 33 subs.
Mr. Payne's Glendower, 3st 131 b (Nat) 1
Mr J. Moore's Blaze, Sat 131 b ........ (Butler) 2
Betting :-5 to 2 and 3 to 1 on Blaze, who made run-
ning at the great pace to the cords, where Glendower
caught, headed him, went on with the running, and won
cleverly by half a length. Time, 1 min. 15 sec.

Oct. 19, 1847.

The ROYAL STAKES, of 200 says each, 120 ft, for three-
year-old colts, Bst 71b; fillies Bst 71b. A.F. (10 subs.)
Duke of Richmond's Red Hart.... (Nat) Walked over.
Shortly before the race for the Cesarewitch came off, 9
covey of partridges made their appearance in the centre of
the course, and the whole of them (at least a dozen) were
fairly run down and killed.

The two-mile foot race for £lOO, between Sherdon, of
Sheffield, and Conway, of Preston, came off on Tuesday
last, at the St. Leger Course, Doncaster, and was won by
the Sheffield pet.
GOOD DOG !—A MATTER OF FACT.—A sportsman ou
the Ellesmere road was bragging of his dog to his shoot—
ing companion, when soon afterwards the dog stood at
couple of bricks near a bridge. He was whipt away " from
the rats," when his master, on reflection, said the dog,
no doubt, pointed them because they were a brace. Re,
turning soon after on the same ground the dog made his
point a second time; they kicked up the bricks, which
covered a small hole, which, on being explored, contained
four brace of birds, the store-room or larder of soma
neighbouring poacher. The dog received due praise, and
his master said he would back him to point a. poacher--
Shrewsbury Journal.

THE CURRENCY QUESTION.

A meeting of the Anti-Gold Law i;agu; Was held at
Anderton's Hotel, Fleet-street, on Wednesday evening,
which was attended by about 200 persons.
Mr. Bennock, the President of the League, in taking
the chair, after alluding to the numerous failures, when.
orders were large, labour abundant, and food cheap, asked
why should we place all our commerce upon gold. We
should have no circulating medium which had a tendency
to became secrets! or hoarded. What would be the effect
of such a system upon the body physical ? The pre,
sent distress did not arise from the want of property, but
from the want of circulation. It was not over-production,
for many were but half fed and half clad. The apathy of
the mercantile body on the subject of the currency was
most deplorable. It was not want of sympathy on the
part of the mercantile body, but an apprehension that if
they stirred just now, they might be supposed to be.
in embarrassed circumstances. According to the calm"
lation in Allison's History of Europe, our circulation waS
now £20,000,0000 under what our population required.
Mr. J. Duncan denied that increasing the currency
would depreciate the value of the legal tender. The pro-
perty classes in whose behalf the national debt had bee*
so swelled up, instead of paying their quota to the redo,,tion, repealed the property-tax enacted for that purpose,
on the ground that it was a war tax, whilst the war debt
still remained. The consequence was a great derangement
in monetary matters, and as it would take ten per cent in
property to pay the war tax which had been contracted,
those who purchased £lOO in the funds were only pro-
prietors to the amount of £9O. The speaker then went
into numerous calculations to show that Huskisson and
other economists were all at fault in thinking that the
bank had over-traded, and urged that the Government was
unwise in stopping the railway works, and throwing,
2,400,000 people on the poor-rates, by refusing to free the
circulation from its present restrictions. People seemed ID
think we could do nothing without gold. Why, Edinburgh,
Glasgow, and Aberdeen were built with paper ; the Clyde
was rendered navigable by paper. (Laughter and
tchheetmersei.n)paG League
he
Ireland the same opportunity by a proper
only
yey purchases y s t eeem rw,
porof
would
dred would
four-fifths
jfia,hufvteasehnt s
price of labour to a remunerstbl
point, and give
hveias
dividendsstimulus to industry, and Paddy would
prove quite equal to John Bull. (Hear.) The proposal
of
sovereign, h
ldtyooi taxifpfnaotynhgoldabsenteeism
eeino quantity
htihs would
esshape p
00;
have
fuft
nohgrdeos. he
would
xwhouih
now drew all take
ld in
owed to the people of this country, and that would be sede
just depreciation. Free trade, with a fixed Mint price for
gold, must be destructive to native industry. All the
nations of antiquity were destroyed through their money
laws, and the same fate awaited us, unless Sir. R. Peel 5.
system were abolished ; but under the plan proposed the
country could be raised to a pitch of unspeakable power .
and grandeur and happiness. (Cheers.)
Mr. J. Bull argued, that if the principle of restriction
were carried out to the full extent, and gold were held to
be the only capital, all the gold in Great Britain would,
only suffice for the payment of the taxes, and the business
of the community would be brought to a stand still. Thy
proposal of the League would not rob the creditor; but
creditors must bear their fair share of national taxatioa•
Why should not labour be entitled to become dearer, re'
latively to gold, in virtue of the pressure of taxation.
Mr. J. Wood, of Cuckfield, addressed a few words w
the meeting, on the necessity of adopting some such p 1
as the one proposed, to prevent the land going out of eel'
tivation, in consequence of the admission of foreign oft
The meeting was then declared dissolved ; but Mr. 0"";
bert Owen stood forward, and pressed for leave to .
The chairman and committee rather hastily quitted 1"
room ; but Mr. Owen persevered, and Mr. L. Jones betel
voted into the chair, a handful of persons remained, t,...eu"
listened for a few minutes to a brief address from "
founder of the Social system," to the usual purport.

THE MONEY MARKET.
The English funds underwent a most severe depressiol
on Wednesday. Consols opened at the closing puce
the the preceding day, namely 83 to 4, but,
fluctuations, caused by the operations in connexhifire were-
after considerable
the settlement, they reached 821, at while Fail how-
quoted at the close of a regular business. and
ever, did not end there, but continued after the close;
the final price was 81f, being nearly four per cent. below
the lowest price to which they receded during the panic_
in April last. The future prospects of the revenrC
failures reported, and a very strong expectation t t*
Bank of England would openly raise their rate of discoon
on the following day, were alleged as the causes of al°llll.
Bank Stock left off 180 to 182 ex. div. ; Reduced Tnr,
per cents. 811; Three.and-a-Quarter per cents. 821 to t ;
Long Annuities, 83-16 to 4; India Stock, 221 to 2244;
India Bonds, 30s. to 20s. discount ; South Sea Annuities,
801 ; and Exchequer Bills, 20s. to 15s. discount. The
attendance of the public foraNte receipt of dividends Now
said to be unusually great. The pressure at the Discount'
office was also continuous. The foreign securities were
further affected by the general state of business at the
Stock Exchange. Although very few bargains were con"
i
eluded in this department, prices in all cases were quote*.
at a fall. The latest operations were Brazilian at 751%
the new bonds at 731 ; Mexican for the Account at 17 ;
Spanish Three per cents. at 263: Belgian Four-and-a'
Half per cents. at 881 ; Dutch Two-and-a-llalf per centa'
at 531; and the Four per cent. Certificates at 821.
The Stock Exchange panic continued on Thursday withi
increased force. Colsols for money opened at 814, arm'
under the pressure of constant sales, rapidly declined tc,t,
801—a quotation nearly 2 per cent. under the last olfielo4.
price of the preceding day. From this point, owing to
the Bank Court having broken up without the publi,,c,t:
nouncement of any change in the minimum rate ollt
count, an advance took place to 814,l but the react2.ov.
was not maintained, and they left off at 801 to 811,
ened
the account on the 26th of November, the marketeB2l
in a most unsettled state, and the first quotation ¶°
as
in
to 1. Subsequently they went to 811, then back ag° The
824 buyers, and they finally closed at 814 to 82a' •1,
whole of these movements occurred in connexion
the settlement which took place, and as the range of flue'
tuation during the account has amounted to between 7
and 8 per cent., the differences to be arranged on V;
day would prove of extraordinary magnitude, Te '—
course of the day the quotations of Reduced Three per
Cents. presented a most noticeable future, that stock
having declined from its opening price of 801 to 794; after
which a purchase of £15,000 was made by the Governineel
broker on account of the East India Guarantee Fund, an
it closed 794 to 80. Bank Stock left off 171 to 181; India
Stock, 220 to 224 ; Three-and-a-Quarter per Cents. 81 t°
1 ' Long Annuities, 8 to + ; and India Bonds, 355. to 269•
'dis. Exchequer Bills were quoted in the morning, 339'
to 20s. dis. and they closed at 30s. to 255.
In the midst of all this excitement in the stock market,
observes the Times, there has been no fresh mischief out
of doors. The causes of the existing state of things would
therefore, seem to have had their origin, to a very great
degree, in the circumstances connected with the termina-
tion of the present account. The way in which specula'
tors extended their operations on the reduction of the
Bank rate of interest in September has evidently neces9l'
tated at this moment a simultaneous rush upon the mar"
ket for which the public were not prepared, and which hag
consequently enabled the dealers to make their own terms-
To look to any other circumstances for a full explanation
would be useless, and it is desirable to notice the fact, i°
order that the present panic may not be mistaken for one
having its entire or chief origin in commercial distrust",
Although we are evidently only approaching the now
state of pressure by which the mania that now jeopardize,
the whole nation is to be subdued, it is quite clear that
the movements of the past week have not occurred in•con-
sequence of any more deliberate view taken by the public,
to that effect, while at the same time it is to be observed
that as far as the position of commercial affairs is con-
cerned, nothing has happened to create any particular ap-
prehension beyond such as have now prevailed for a con-
siderable period.
In the early part of Friday the Stock Exchange col!:
tinned comparatively tranquil, the jobbers and broker'
being assiduously engaged in completing the payments oe
the settlement. Some parcels of money stock were
brought upon the market at an early hour, and repeate_
at various intervals during the day, whenever opportunitr
served, by a partial advance in the quotations. The ely
treme prices for money were 804 and 804, and for the
account 811 to 24. At the termination of the regular
hours of business the quotation for money was 804 2, thy°
keeping up the enormous rate of continuation of 1 Per
cent. The Three per Cents. Reduced were done from
791 to 80 ; the Three-and-a-Quarter per Cents. from OtT
to 14 ; Bank Stock from 178 to 82 ; and India 222. De,
pressure for money, however, will be more accurateP
estimated from the fact that Exchequer Bills were age
done as high as 28, and towards the close of the dal
India Bonds at 40 dis. For some time the tone of the:
market seemed rather tending towards improvement, ha
after the usual hour of business, Consols again graduall
receded to 811 for the account, at which they left o
finally.
The stock market was firmer on Saturday morning'
The first price of Consols for Money was 81, and aft°.
some fluctuation the price is now 811 ; for Account th 2:
opening price was 814, and the present quotation is 814
Exchequer Bills are 20s. and 235. discount. No busine',
,
has as yet occurred in Bank or India Stock. The Foreign
Bonds ,are generally as on Friday. The transactions 1,
Railway Shares are few, and the market is still depressed'
Later on in the day the embarrassment of a house in ta",
iron trade was spoken of, and the Stock market was agaly
rather depressed. Consols realize 801 to 804 for Money'
and 811 to 81g for Account. Exchequer Bills 15s. to 21
dis. Bank Stock is 179 to 182. The Foreign Bonds du!:
also. Spanish Five per Cents. realize 164, the Three
Cedts. 264, and Portuguese Four per Cents. 20 to
Mexican Stock has been marked 174 to 18, and 8ra.014
76. A few of the smaller class of Railway Shares exinvi,
a slight degree of buoyancy, but the heavy lives are,
Kale We', again loweg.

Oct. 19, 1847.

itoral iithis.

The fund for the family of the late Rev. J. Johns, of
this town, now amounts to £2,300.
:Dr. Thomas Horn, of Birkenhead, has, in addition to
his other honorary professional distinctions, become a li-
ventiate of the Apothecaries' Company, London.
Within the last fortnight no less a number than twelve
brokers, who usually do a large stroke of business, have
Made no returns of sales to the Brokers' Committee, a cir-
oumstance unparalleled in our commercial annals.
On Tuesday, the body of William Alexander M'Comb
pas found on a sand-bank opposite the Clarence Dock
'Basin. He had been missing since Saturday, but no evi-
-dence wr.s produced to show how he got into the water.
The screw steamer, Levantine, from Liverpool, arrived
-at Malta on the 3rd instant, having, in consequence of
the accident which we recently described, occupied thirty-
, .five days on her passage. She pursued her voyage to the
-Levant on the following day.
AWKWARD MISTAKE.—The Leeds Intelligencer of
Saturday, in a few of its earlier impressions, announced the
'!'spension of the house of Baring Brothers and Co.
Instead of Barclay Brothers and Co. The typographical
error was soon detected.
' • On Thursday eloping, about nine o'clock, as a young
named Joachim Niemann, a sailor on board the brig
Riche, lying in the King's Dock, was engaged in playing
With a dog upon the stage leading from the shore to the
vessel, he unfortunately fell over and was drowned.
Rowland Bradshaw, by the author of " Raby Rattler,"
which, we learn, is now complete, seems to have met with
especial favour at the hands of the London critics. The
Westminster Quarterly, Atheneum, Critic, John Bull,
Pictorial Times, Weekly Times, Court Journal, &c.,
speaking of it in the most unqualified terms of praise.
,On Friday, as a young man, named Joseph Marshall,
employed in driving the wagons at the works going on at
• the new north docks, was engaged in the conveyance of a
laden wagon, he unfortunately slipped his footing, and
two of the wheels of the vehicles passed over his body,
and caused almost instant death.
On Friday, an inquest was held upon the body of a
new-born female child, which had been found wrapped in
a bundle, in St. Nicholas's churchyard, on the previous
morning. There were no marks of violence upon the
body, but the medical evidence was to the effect that the
child had been born alive, and had died from exposure
and neglect.
' • NATIVE TALENT IN SCULPTURE.—We have been kindly
favoured with a sight of a beautiful model of " The
Parting of Hector and Andromache," just received from
Rome by Mr. Spence, sculptor, Brownlow-hill, the work
his son Mr. Benjamin Spence, who is now modelling
,'• ue studio of Gibson, in that city. ltdisplays through. -
ra'n" great talent. The figure of Hector, in particular, is
°at admirably proportioned, and the character of the
Whole group is well worked out.
Last week the Rev. F. A. Power, the respected minis-
_ ter of Bond-street district, was presented with two hand-
somely-bound volumes of " Buddicom's Friendship with
• Gbd," by the infants attending. the North Church of
England Schools. The presentation was made by Mr.
Clark, the indefatigable master of the South Schools,
who congratulated Mr. Power on having won the esteem
and respect of the parents and children, and indeed of
'every inhabitant in the district.
SHlPWRECK.—lnformation reached Wick, on Thurs-
day, that a large brig had been driven ashore in the neigh-
bourhood of the old castle of Keiss, a distance of eight
miles to the northward of that place. The crew, nine in
Cumber, were saved by Captain Manby's apparatus. The
Vessel is the Warrior, of Montrose, Captain Mearns, from
Riga to Liverpool, with a cargo of railway sleepers.
••when off the Skerries, about midnight of the previous
• evening, she was struck by a heavy sea, which carried
away the wheel and otherwise disabled her.
On Saturday week, Mr. W. Wood, of the Royal Insti-
- Lotion School, in this town, was elected Canning scholar
bi that foundation. The examiners were the Revs. J. B.
Monk, M.A., and C. A. Swainson, M.A. Among the
candidates, Messrs. Glynn and Rees were mentioned as
_uaving distinguished themselves in the mathematical pa-
vers, and Messrs. Myers and Glen in the historical part
4.0 f the examination. Mr. Wood, the successful candidate,
14 already been elected scholar of Trinity College, Ox-
ietd.
%Isle "BLACK STAR LINE OF PACKETS.-The " Black
17„_ packet-ship Marmion arrived at Liverpool on
ft`traday evening, the 14th instant, in twenty-three days,
—uto New York, having sailed from that city on the 21st
ult.
in company with the packet ship Waterloo, and five
days after the packet ship New York, neither of which
.vessels has yet arrived here, they being delayed, no doubt,
with strong easterly winds, which were also encountered
by the Marmion, during the greater part of her passage.
Captain Freeman was only four days in New York on his
recent visit, and has just completed his fourth voyage and
eighth passage across the Atlantic in eleven and a half
months.
_ REDUCTION IN PRICES.-From all parts of the manu-
facturing districts, they write that they cannot execute
orders without cash ; and the purchasing agent would
actually be a loser were he to pay the heavy rate of dis-
count, now generally from ten to eleven per cent., he re-
ceiving 21 per cent. for his trouble. Such is the pressure
here, that R
no bushare,
the banks a]. Bank shares have fallen £lOO per
and this not from any discredit then thrown on
London the .
sellers. London immediate want of cash by the
quoted nominally 1:41 dh
aN(3reh-Western Railway stock,
ll sold or cat
ash
128. A fall in cotton oftwopence fromythe
is now fully established ; cotton which broughtighest point,
714. earl
in September, has been sold at 51d.y
A R
ONAWAY HORSE.—On Thursday afterno
• - horse,on, a
with a whitechapel attached, took fright opposite
Mr. H ' yam s shop in Lord-street, in consequence of
coming in contact with a cart. The driver " • d jumpe out of
Ile vehicle, when he found 1 • If
, and escaped
with
auamseht unable to stop the
horse
`44. at a fearful rate up Lord-street, andnjtrryned Theicorner
°I! the Crescent on the parapet, dashing against Mr. Pen-
,„,'llgton's shop-window, where the gig was overturned.
,_•tile infuriated animal was then secured. Two of the
large panes of glass in Mr. Penlington's shop-window
Were smashed, but no damage was done to any of the
watches. The shafts of the whitechapel were broken,
• -and it was otherwise damaged. No person sustained any
i
• njury.
_ THE KNOWSLEY FESTIVITIES.—Amongst the eatables
consumed at the recent rejoicings at Knowsley were
_6478 lbs. of beef, 3,880 lbs. of mutton, 1,451 lies, of veal,
• 562 lbs. of lamb, 386 lbs. of pork, 7 flitches of bacon, 57'
hams
663 chickens, 431 partridges, with lots of grouse,
pares, rabbits, &c., 1,502 four-pound loaves, 528 cake, o
Putter, 2,950 eggs, 920 lbs. of sugar, 1,200 lbs. of
267 lbs. of grapes, with abundance of peaches, nectarines,
• Pears, plums, &c., 230 bunches of carrots, 11 bushels of
turnips. Of the celebrated Knowsley ale, 38 hogsheads,
containing 2,106 gallons, were emptied. 1,812 bottles of
wine and spirits were consumed. The number of persons
victualled at the hall during the ten days, exclusive of
policemen and workmen, was 5,920. Upwards of 2,000
persons visited the ballroom on the Tuesday after the
festivities, and, had the day been finer, more than double
that number would have been present.
ST. JAMES'S BAZAAR.—We have great pleasure in
calling attention to an advertisement in another column
of a bazaar for the purpose of raising funds to extend the
Accommodations of St. James's Schools. And although
it is hardly necessary for us to impress upon our benevo-
lent friends the duty of encouraging so praiseworthy an
Object
a byl the best means within their power, we must ex-
pressthat ope that those ladies—and we are glad to learn
they are not sweeks been tew—whose time has now for some
ingeoi occupied in preparing various and, doubtless,
ous nationsi •
ets, and other in fancy needlework, toys, trink-
ttliat
the
time
is miscellaneous articles, will bear in mind
Lions are requirena close at hand when their contribu-
that, as the esteemedbe sent in. We take leave to add
committee of ladies ofi.gPainbent of St. James's and the
ing and indefatigable ill: c*agregation have been untir-
forthcoming bazaar as uniquetheir exertions to render the
ble, we trust they will be and as attractive as Rossi-
peetations, as well in the e
in
x-
upported even beyond their
as
the number of visiters contributions sent for sale,
Geo to the Assembly-rooms in Great
me-street, where the bazaar will be opened on the
96th instant. Let "deeds, not words," be now the motto
of all desirous of extendin the
g means to the poor children
of this populous district of a sound scriptural as well as
'useful education.
MUNICIPAL ELECTION.-The following is a list of the
'Councillors who retire on the Ist of November next, and
'Also a list of the candidates so far as is at present known :

CANDIDATES.
RETIRING
WARDS MEMBERS. Reformers. Conservatives.
verton. Thomas Shaw. W. Walthew G. G. Hornby.
cotland. James Braneker J. Thompson J. Woodruff.
auxball. William Preston Wm. Preston
t. Paul's Robert B. Hill Thomas Booth R. B. Hill.
xehange. C. S Middleton IW. Clare.. G. H. Horsfall.
astle-at. John Holmes John Holmes
t. Peter's. R. S. Henderson Daniel Bell R. S. Henderson
itt-street. Rimmer Jas. Denton Rd. Rimmer.
t. George. Geo. G. Hornby Harbord.
Odney.st. Chas. Robertson James Lewin J. A. Tobin.
be rcrombyJames Procter !Thomas Todd Jas. Procter.
line-streetiJ. B. Lloyd. I J. B. Lloyd.
t• Anne's. 'James Parker James Mellor James Parkei.
rest Derby. Josias Booker Josias Booker.
• Toxteth. B. L. Jones Thos. Avison R. L. Jones.
• Toxteth William Mann W. P. Freine Wm. Mann.

Overton.
Scotland
Vauxhall.
tt. Paul's
13xebange.
• Castle-at.
' Pitt street.
.
Gt. George.
• 41.0dney-st.
_44)ercromb,y ,
•i4ne-street..
St. Annes
. West I)erb. .y..
Toxteth. :
a! • Texteth

Ile new Council will, this year, have to elect eight
aldermen in the place of the following gentlemen, who
retire by rotation':—R. Houghton, R. Griffith, J. H.
• Turner, R. S. Crook, William Nicol, .1. B. Moore, E.
utrieux, and Thomas Chilton. They will of course be
tre-elected.
...DISTINGUISHING LIGHTS FROM STEAM-PACKETS.
much having been said against the use of green distin-
guishing lights on board vessels at sea, a trial was made
ui the river on Thursday evening, in the presence of a
s*rty of scientific and practical gentlemen, which proved
satisfactorily the popular opinion on this point to be a
!ximplete fallacy. The distinguishing lights approved of
lay the Admiralty, and in use on board their vessels and
'those of the several Glasgow steam Companies—viz., red
411, d green, were placed on the paddle boxes of the Cale-
onia at anchor in the Mersey, when the party went on
ward a small steamer, receded from the Caledonia, and,
"le result was, that at a distance of three miles both the
red., and green lights were perfectly distinct, the one as
tuaigent as the other ; thus proving, that for all practical
equally the
Wg reen is as efficient as the red, and both
so. e understand that in the course of a few
,days another trial will be made, when an opportunity will
„e afforded to those interested of satisfying themselves of
the fallaciousness of the prevalent opinion regarding the
green light. We may mention that the glasses, which
"ere of a particular shade of green, were supplied by Mr.
lock Forrest of this town, and approved of by Captain
:Tins of the Admiralty.—Journal.—[There is still, we are
luld, much difference of opinion as to the efficiency of the
ren light, many persons preferring to it the old white
obitint on
, for many reasons. Against the red light there is no
acti.J

CORRESPONDENCE.

EVERTON WARD ELECTION.

TO THE EDITOR OF THE LIVERPOOL STANDARD.

SIR,—I do trust that the efforts of one of your so-called
Conservative contemporaries to bring into the Council the
Radical Mr. Walthew as the representative of Everton
Ward, in preference to one of the most respectable Con-
servatives in the town, Mr. G. G. Hornby, will return.
I would respectfully ask you, Mr. Editor, to call on the
electors of Everton to distrust what are called by the
press " the leaders" and the letters which appear in your
Saturday's contemporary. The advertisement which ap-
peared in two local papers relative to Everton Ward elec-
tion was an old and shallow electioneering trick, based on
falsehood. The editorial remarks on the conduct of one
of the Church Expenditure Committee are as wicked as
mischievous—the matter of " the tiles" and " turning-
out" totally untrue.
Let the Electors inquire into Mr. Geo. Hornby's con-
duct. It has ever been that of a Protestant, an English-
man, and a gentleman. He has worked hard in the Coun-
cil : his exertions have evidently been felt. He has drawn
attention to the destruction of Corporation property, and
to other strange pings in St. Martin's Church. I trust,
therefore, that as the Mail has opened the campaign, the
matter of St. Martin's will be sifted, and that all " good
men and true" Protestants, be they Churchmen or Dis-
senters, will poll for him on the Ist of November, and
shew that they value his untiring exertions on behalf of
his Church, his country, and his town.—Respectfully
yours, AN ELECTOR.

[The animosity displayed against Mr. Hornby in cer-
tain quarters is as malicious as it is extraordinary. Few
of our local legislators have devoted more pains-taking
labour for the good of the borough ; and the fact that Mr.
Francis Shand (one of the staunchest Conservatives in the
town) is the chairman of his committee, ought to be a
sufficient guarantee for the soundness of his Churchman-
ship and political principles.]

TO THE ELECTORS OF EVERTON AND
KIRKDALE WARD.

BROTHER ELECTORS,—An advertisement appeared in
the Times and Mail of this week, which stated (although
the gentleman's name was not mentioned except by im-
plication), " that Mr. George Green Hornby had no con-
nection with the Conservative Committees of Everton
and Kirkdale Ward."

Now, Electors of Everton and Kirkdale, I solemnly de-
clare to you, that there is not one word of truth in that
advertisement. From the first letter to the last, it is
'Etise=V-fir islrfirnd"als§lsllitely TaTte:—lrfargehotrd6ncbcted
by a small knot of semi-Papists and discontented radicals.
May I ask how it is that "a party little known, and who,
by some strange freak of fortune," (I thank the Mail for
teaching me that phrase,) assumes "all the airs and
authority" ( I thank the Mail again) of commander-in-
chief of Everton. This personage ought particularly to
remember two things :—first, that merchants and trades-
men of all political principles require safeguards ; and,
secondly, that he who says, "I am Sir Oracle, and when
I speak, let no dog bark," has not a vote himself in the
ward, although he would fain make it appear that he has a
patent for manufacturing its representatives.
I am, yours, &e.,
AN ELECTOR OF EVERTON,
OF TWELVE YEARS' STANDING, AND A MEMBER OF
MR. HORNBY'S COMMITTEE.
October 16th.