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

THE LIVERPOOL STANDARD.

CORRESPONDENCE.

TO THE RIGHT HON. SIR CHARLES WOOD.

SlR,—Your laconic answer to the deputation from
Newcastle, as stated in the public prints of the 21st ult,
namely,
" There is nobody thinks that there is any want of cir-
culation or extraordinary pressure in the money market
for houses in good credit," often recurs to my mind. At
the time it was given, it was so diametrically opposite to
my own opinion, that I wondered, and said, can this be
from the Chancellor of England's Exchequer ? I then
began to consider whether you thought to lay the ghost
by appearing not to see it ; whether you thought there
were /to houses in good credit ; or whether, as bodies do
not think at all, you thought you did not infringe upon
the truth by saying "nobody thinks." Be this as it may,
the pinch had already become pretty smart, and many of
o'er merchant princes had then bitten the dust.
'The term " houses in good credit " is rather an ambi-
tittous one. Some persons think this house good—some
that. There are even differencesof opinion regarding the
concern you represent: when 'you took it in hand, Con-
sols were worth £96 • on the lst of September they were
£B6 ; and to-day only £BO. 'What they.may be a month
hence is doubtful, especially if the Bank should again re-
fuse to advance upon 'them, and upon your Exchequer
Bills, which I see now •quoted at a considerable discount.
It would, no doubt, be highly interesting to the Newcastle
men to be informed whether it was " want of circulation"
or "want of credit" tOhich caused the refusal. What-
ever the cause, it nctuttle rectified : people naturally look
to you for a remedy.; .if you cannot advise one, for good-
ness sake, throw .up the reins, and give them to someone
more able and less timid than yourself, lest whilst you.are
balancing straws,rthe scale may kick the beam.
If eight millions of sovereigns have been exported, in
the name of common sense, what danger can arise'by your
issuing five millions of one pound notes, so far to•th.lce the
place of them. -Surely so small a number compared with
the quantity exported, hoarded and lodged in4banks to
meet contingencies, would not affect the exchanges; but
supposing it did, if we must worship the goidein, celf, can-
not we do as was before done, forbid the exportation of
gold.

- Is the,comtnerce of this mighty kingdomlebebrolight
to a dead ltbk for the want of a circvdating,tuedium, and
are we to be silent and suffer suzli a mal-administration
of our affairs ? No. Already may I say-your days are
numbered, and rightly so—this is not the first great
bhintleyypo have made. A good deal ofwthe present suf-
fering might have been prevented if younhad prohibited
distillation from grain as soon as you knew That our crops
of last year were defective. You might have saved the
'absolute -waste of an enormous q uantitrof grain, and re-
lieved to some extent the now abused and neglected, but
once•valued and flourishing, colonial interest. Here we
wer&with sugar in our warehouses to irepletion, melting
-away the remnants of large fortunes, and at the same
time sending our heart's blood to
.America to buy corn,
which the sugar, to a very considerable extent, would
have supplied the place of. Was any nation previously
gliilty of such folly ?
11 took the liberty, some days since, of recommending
-to' Lord John Russell the issue of NOOO,OOO One Pound
.Notes, to be advanced upon imported bread-stuffs, gene-
Tally, and Colonial produce, particularly; and begged of
-him to promise to propose a fixed duty of Bs. per quarter
on Foreign . Wheat, and one ,penny per lb. on Foreign
Cotton, also to convert the InconneTax into a Property
?Tax ; and now I further suggest to you the re-enactment
of the Usury Laws, otherwise the monied interest will
prey upon our vitals until our Joltals will stand it n'o
longer; surely Five per Cent is enough for the drones—
it not, refer them to Moses.
The country is not now so nit agog for free trade as it
was some time since. Many now begin to think that it
would be better for us to avail ourselves of all the science
and industry we possess, to obtain a home supply of
grain, rather than part with -our sovereigns for it to fo-
reigners, iu the hope of getting them back again by an
extra exportation of goods.
Sir Robert Peel has lately been in this quarter, and
witnessed somewhat of the effects of the screw. The ge-
neral impression here is that he-will out-bid Lord John,
and tarn round on the currency. question. We all know
how readily he can do so.—Your most obedient servant,
ALLEN ENGLAND FOWLER.
Birkenhead, 23d Oct. 1847.

TO TIIE ELECTORS OF EVERTON AND KIRK-

DALE WARDS.-

BROTHER ELECTORS Permit me to congratulate you
in having Mr. G. G. Hornby as .a candidate to represent
your ward in the Town Council, and I hope most of you
have read the excellent character the respectable editor of
the LIVERPOOL STANDARD ha.s given this gentleman in
the last publication of that paper.
If you require anything more to satisfy your mind re-
specting Mr. Hornby, he•is a resident in your ward, and
therefore feels an interest in .its. welfare, and is willing to
do good to the town generally.
Visit the North Corporation School, and there you will
find that he has a regard for the Education of the poor
children that attend that school. 'Ascertain for yourselves,
and you will find how punctual he attends every commit-
tee of which he is a member. •Do:not be led astray on the
Ist Nov. next, either by Puseyism or Tractarianism ; but
prove to the whole world that neither the one nor the
other have any jurisdiction in your ward, in returning
Mr. Hornby as your member bye triumphant majority,
to represent your ward in the Liverpool Town Council.—
Yours respectfully, A PROTESTANT ELECTOR.
[As an instance of Mr. Hornby's desire to do all in his
power, with a view of improving every possible way
sthe corporation churches, we maymention that between
£3OO and £4OO has been expended recently in beautifying
and renovating St. Micbacrs Church; and we understand
that the churchwarden considers himself indebted mainly
to Mr. Hornby's exertions and, perseverance for that
outlay.]