The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1838-05-22 00:00:00

FITE LIVERPOOL STANDARD.

kmperial lOartianunt.

HOUSE OF COMMONS.-WEDNESDAY

On the motion of Mr. H. STEL ART, it was ordered that the
house, at its rising, do adjourn until Friday.
Mr. P. MOMSON hoped the hon. member for Dudley would
withdraw the bill he had on the orders for committal with re-
spect to the protection of British manufactures. (He (Mr. P.
'1 hoinson) had paid great attention to it, and had prepared
clauses which would meet the concurrence of that hon. member,
and those who were interested in the bill.
Mr. lin wi:Es, on the pledge of that right hon. gentleman
that he would himself introduce the substituted bill with the
clause alluded to, withdrew the bill.
The house then went into committee on the small debts
(Scotland) bill.
On clause 2 being moved, which raises the jurisdiction of the
justices of the peace to debts of the amount of £8 6s. Bd.
The Loan AbVdCATE objected to so high an amount. He
moved, as an amendment, that £5 be the limit of their juris-
Aictiod. _

Sir W. RAWE supported the clause.
Mr. F. MAULE, Mr. WALLACE, at Mr. GILLON, concurred
in the amendment.
The committee divided—for the clause, 60; against it, 40;
majority, 20.
The other clauses were then agreed to, after one or two
amendments had been negatived, and the bill reported to the
house, and ordered to be taken into further consideration that
day, week.
The other orders of the day were then disposed of, and the
house adjourned at seven, to Friday.

HOUSE OF LORDS.-FRIDAY.

The LORD CHANCELLOR, in answer to Lord BROUGHAM'S
inquiries, said that the imprisonment for debt bill bad in com-
mittee received important alterations and improvements.
The Marquis of LONDONDERRY gave notice, that on Thurs-
dpy next he should move for papers regarding the policy of the
government respecting the war in Spam.
Lord BROUGHAM presented a great number of petitions for
the immediate abolition of the negro-apprenticeship system;
also petitions against any additional endowments to the church
of Scotland.
The bills on the table having been forwarded a stage, their
lordships adjourned till Monday.

lingering existence. The Semiramis had not arrived at Bo in
bay. Captain M•Gillivray, the Mint engineer, had died. On
account ut illness, Mr. Shakespeare would resign his seat at the
Serztinpore Board, and would be succeeded by Mr. Wilherfoice
Bird. The Earl and Countess of Cardigan had thrown up their
passage in the Reptitse, in order to go to England overland, to
be in time for her Majesty's coronation. There was no improve-
ment in the price of opium at Canton, on the 27tb of January,
the tendency being aownwards; and with 'regard to CottOn, both
Bengal and Bomha y were very depresSed. Her Maje Sty's 63d
Regiment had been ordered over to Moulmien, and four native
corps were to hold themselves in readiness to embark from
Madras for Rangoon at a moment's warning: this looks very
much like war with Burmah."lhe English mail of Decent-
ber (and,earlv in January via France) reached Canton on the
6th March. A public Meeting had beenbela at'ColeMbo, 'Cey-
bon, to advance the steam communication. Captain Campbell
had, on the '2sth of February, rescued no less than 103 children,
who had been intended for sacrifice by the barbarity of the
Goomsur country. A grand entertainment was given at Mad-
ras, by Lord Elphinstone, to the Prince of Orange on the 12th
of March—his highness embarked on the 13th in the Bellona,
on his return to Europe. Captain H. B. Hill, of her Majesty's
41st, has been cashiered by sentence of a court martiil.'i

COMMERCIAL INTELLIGENCE.

(From the Sunday Times.)

CITY, SATURDAY.—The anticipation of a resumption of spe-
cie payments by the banks in the States of New York has cer-
tainly inspired confidence among those of our merchants who
are interested in the trade with the United States. It is not in
our power, however, to communicate any extension of mercan-
tile transactions of a character to warrant the belief that " the
tide has turned" in favour of a better state of things. The
Chancellor of the Exchequer may, therefore, make up his mind,
that not only will he have to provide for the loss of revenue by
the stagnation of trade in the past financial year, but to have in
hand a good surplus, ready to meet the deficiencies which must
occur, until the close of the current year.
By the advices received from New York to the 22d, we learn
that the specie payments by the banks of the State and City of
New York were fixed to take place on the 10th inst., notwith-
standing the recommendation of the General Convention that
that step should not be adopted until the Ist of January next.
It is understood, however, that the United States Bank will not
follow this example, as by the letter of Mr. Biddle, to which re-
ference was made in a former report, that gentleman conceives
it impolitic to do so, lest it should again become necessary to
suspend. It is not by any means certain that the banks, the
managers of which have, in order to protect their charter, de-
cided upon resuming cash payments, will be able to stand any
very long draw upon them for the precious metals: The aggre-
gate returns of all the banks of the City and State of New York,
made up to the Ist of last month, show that the circulation and
discounts were 10,957,600 dollars, the loans and discounts
51,734,790 dollars, and the amount of specie held by all the esta-
blishineots was under 4,850,000 dollars. From the great influx
of specie into America, it was, however, very probable, that by
the 10th May, the stocks of specie would be increased to
5,000,000 or 5,500,000 dollars, and if it was intended to pay off
notes only in gold or silver, the bank would accomplish the ob-
ject in view at least for some time. But it would be impossible
for them to afford any accommodation in the way of discounts,
and instead, as Mr. Biddle has stated in his letter, of any advan-
tage accruing to trade by the partial return to cash payments,
a contrary effect would be produced, alike injurious to these
establishments, as well as to the general commercial interests
of America, and to those of this country. In the mean time,
however, the planters, and those who have made advances upon
produce in the United States, were rapidly increasing the " in-
debtedness" (to use a Jonathanism) of this country by extensive
consignments of produce. By the returns received to the 20th
ultimo, we find that the quantity of cotton exported from the
United States up to that date, was 915,000 bales, against 720,690
hales in 1837, and exceeding the shipments in the same period
of 1836 by not less than 295,000 bales.
The variations in the prices of the English Securities have
scarcely amounted to 1 per cent. this week. Business only to a
small amount has been transacted, capitalists having been
desirous of learning the contents of the Budget before they en-
gaged in any considerable business. The supply of money has
been less plentiful this week, and the premium on Exchequer
Bills has in consequence rater fallen, viz. from 80 to 79. In
Consols both for Monev and Account, the prices have fluctuated
since this day week to between 94 and 941%, and yesterday
business was done at 94 buyers. For the new Account the mar-
ket value of Consols was per cent. better. As the transfer
hooks will be closed shortly previous to the payment of the divi-
dends, an increased business may be looked for next week in
the Money Stock. The price of the Reduced Three-and-a
Half per Cents has fallen from 934 to 93, and of the New
Three-and a-Halt per Cents from 102% to 1021. East India
Stock has been flat at a fall from 2711 to 2701, and Bank of
England Stock has declined from 2051 to 2041. The premium
upon India Bonds was yesterday 77, after having reached 83-4.
Since the settlement of the Account, which took placeon
Tuesday last, speculation has been principally confined to
Spanish and Portuguese Bonds. The rise in the former Stock
has been equal to 21 per cent., and in the former to about 21
per cent. There is no intelligence of any interest from Lisbon
to account for the improvement in the latter Stock; but the
condition of the Carlists in the north of Spain being very de-
plorable, it is not surprising that those sustaining the Queen's
cause here should have deeply speculated in the Stock of that
country for an advance in prices. The old Bonds have reached
221, and left off firmly yesterday at about that value. l'ortu-
guese Five per Cents, reached 38 on Wednesday, and the Three
per Cents 26, but both were sold yesterday 1/2 to 1 per cent.
cheaper. The revolt in Bahia having beeu put down, Brazilian
Stock has advanced upwards of 3% per cent. ; the highest price
obtained has been 79N. Dutch Stock is about 1 per cent.
higher than last week; the Two-and-a-Half per Cents. have
been sold at 511, and the Five per Cents. at loqa. The Re-
publican Stocks are also higher. Mexican have reached 29;
Colombian, 28%; and Chilian, 30% 31.
The tone of the market for Asphalte Shares is decidedly dull.
A new company, 'under Mr. Cassell's patent, is announced, but
unless we mistake not, his plan was tried at Kenniagtori-com-
mon, and wholly failed. The road was paved under his direc-
tion, in 1836, not a vestige of which now remains, except on the
foot-path, and that is in a most miserable state. Other com-
panies are talked of. The price of Clandg,e's patent has been
reduced to 11 or 9 pm.; of the Liverpool to 2', to 2 pin.; and of
the United States to 3or 1 prn. The report of the mission of
two directors of the Bastenne Bitumen Company (Mr. M. A.
Goldsmid and Mr. J. Russell), to Paris, to conclude contracts
with the proprietors of the Bastenne and Gaujac mines, has
been printed, and it is favourable to the interests of the share-
holders. These shares have advanced from par to 21 or 1 pm.
The Poloncean Shares have been in rather better request, at
at from 21- to 21, or Ito 1 pin. The other Shares of this des-
cription have been all sold at depreciated prices.
For Railway Shares the demand has been trifling. The
London and Birmingham have been sold at 167 and 170, or
77 to 80 pm.; the North Midland at 41 or 6 pin ; the Man-
chester and Leeds at 351 or 15 2 pm.; the London and Brigh-
ton at 7% or 1 dis,; the Southampton at 431 or 61 dis.; the
Blackwall at 6or 1 pm. • and the Birmingham and Derby at
71 or 224 dis. Several of the Shares just enumerated left off
rather better yesterday afternoon. Bank Shares are looking
more firm. The British North American have reached 24 or 4
pm., and the West India Bank 28 or 3 premium.
HALF-PAST TwELvE.—We have accounts from Buenos
Ayres this morning, which state that the demoralization of
Itiberas' forces was complete, and that he had been obliged to
retreat precipitately to the other side of the Rio Negro. The
Exchange on England was at 6d, to sid. Stock 5758.
By advices from Paris we learn that hopes were entertained
of a-final termination being put to the civil war in Spain by
next autumn.

A cominnnication from Vittoria, of the sth of May, states
that, during the late troubles at Estella, a person of high rank
had been assinated, and that Don Carlos had been compelled
to leave in haste for Durango.
The Stock market has not been much influenced by the
Chancellor's statement of the budget last night. Consols for
Account realize 948, and for money the same. Exchequer Bills
are at 69, and India Bonds at 79 premium The New Thre-
and-a-Half per Cents are worth 102%.
In the Foreign Market, Spanish stock is quoted a shade
lower. Portuguese New Bonds at 371, Brazil at 791, and
Dutch Two-and-a-Half per Cents at 541.
Shares are up to this hour at about the closing prices of yes-
terday evening. The market for Railway Shares is heavy.

A firm in Spitalfields has received orders to snake her Majes-
ty's coronation dress.
POST-01•FICE ABUSES.—The town of Wisbech pays three
thousand pounds per annum for postage of letters! It appears
that the actual cost to the government of the country in convey-
ing those letters to the various places where they are received
is about fifty pounds; so that there is fifty pounds for carrying
the letters, and twenty-nine hundred and fifty pounds for tax !
Talk of taxes on knowledge. Is not this tax on knowledge, and
one of the most injurious in its effects? It is not, certainly, a
tax upon thinking, but it is a tax upon thought. No one shall
communicate his thoughts to his friend at a distance without in-
curring a tax of six hundred per cent. Well may the people
be semi-barbarous, when such regulations exist.—,Star in the
East.

ARTIFICIA L RUBIES !-Dr. Ellet, professor of chemistry in
the South Carolina college, has been very successful in pro-
ducing artificial rubies and emeralds, so that Charlston is likely
to rival the famous city of El Dorada, as described with such
maghificence in Voltair's Candide. This Aladdin-like professor
accomplished his task by means of pure alumine acted or. by the
compound blow pipe, with crome as the colouring matter. Per-
fect rubies were produced by professor Ellet, which easily
scratched an agate seal. The basis was pure alumine, and the
colouring matter licbromat of potash. If the specimen be taken
as soon as used, it is a ruby,—if the heat be continued the
chromic acid is converted into oxyde of chrome, and an eme-
rald is the result?—New York Herald.

It is confidently reported in the city that the preliminary
steps to rebuilding the Royal Exchange have been taken. For
seine tune parties have been making outside surveys of the
buildings in the immediate neighbourhood of the site of the
late Royal Exchange, and it is said that the Mercers' Company
are to advance £150,000 for the building; and government
£200,000 for the approaches. The buildings to be taken down
to the westward will include the site of the Bank Coffee House,
in Bank-buildings, Sweeting's Rents, and all the buildings
eastward, including the west side of Freeman's-court, in Corn-
hill, and Threadneedle-street, opposite the North and South
American Coffee House, leaving the church and churchyard of
St. Bennett's Fink, which is to be enclosed with an open rail-
ing.
- - - - - -

CURING MEAT.—Meat should hang a few days, instead of
being salted as soon as it comes front the market, though in
very hot weather it may be necessary to salt it as soon as pos-
sible; begin by wiping dry, taking out the kernels and pipes,
and filling the holes with salt. Beef and pork, after being
examined and wiped, should he Sprinkled, and then hung to
drain a few hours, before they are tabbed with salt. Rub in
half the quantity of salt evenly, and, after a day dr two,
the
remainder. Turn the meat every day, keep it covered with the
pickle, and if wanted soon rub it daily. The brine, if boiled up,
skimmed, and used cold, will serve for more than one parcel of
meat. Flat ribs and brisket of beef ShOnld be jointed to let in
i
the salt, which should be well rubbed eachititoeatbfresh it eee. In e
frosty weather. warm the salt. Uuless the
I%t recover stall tainted
can-
not be kept by salting; neither will salt
meat.
SmoxENTravellers i-h America, Germany, and other
foreign countries, maki,„cc6, h
so
retraoc-dea tol -
perpetualt an outcry in their pages
about the horrors of tobaat you would imagine Pipes ut-
terly unknown at home; but half the peoplee
ecraclly a passedi3
were flagrant smokers, and, as that seems
gn
drinking it is deplorable that. from the humble pipe to the aris-
toera tie cigar, our whole island will soon be smoked like a West-
phalia ham. greatSo reat a waste of health am: money among the
poorer classes should be discouraged, both by precept and ex-
ample, or the custom will soon be universally prevalent. In
Holland, at public dinners, if any gentleman be Particularly
wanted, the waiter enters with a pair of bellows, and blows in
the face of each one to find the one required. I wish servants
occasionally made the same mistake as Sir Walter Raleigh's,
who became terrified the first time he saw columns of smoke
issuing from his master's mouth, and threw a deluge of water
on his head to extinguish anti Valley, by Catherine
Sinclair.