The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-05-22 00:00:00

223 1849,

total etws.

.re are
'utiles in no fewer than 5,900 unoccupied dwelling-
bl-4verPool, of a rental of £3O and upwards..
1/teerda"id.lfre. stationer, Castle-street, received the
st.. ,Y 423 as " conscience money."
Tz,,Labouchere was burnt in effigy on Thursday, in
_Uharlottc-street.
Of4eas Electric Telegraph Company have taken large
Itreq at the Royal Insurance Buildings, North John-
-I,h; and intend to remove there in a week or two.
ltdlscod
have contracted with Messrs. Cato and
foq'a..,,r,nll\lr. Thomas Vernon, for two new steamers
oriT,'o, for Birkenhead Ferry.
tintstilies.daY, John Napier, a child six years' old, son of
d "V, in Back Rathbone-street, was so severely
?oeth, that be died on the follownig day.
keket.er.Matiiew will sail for America to-day in the
tetsel. still) Ashburton, Captain Bunting—a first-rate
a
}leir t eaded Hindoo is at present begging in Liverpool.
dressed !ative
of Wales, and has coloured his face and
The 'n Chintz, the better to obtain alms.
tt. giantJelin, bound from this port to New York with
Put into Cork on Tuesday, the cholera having
Lad" out on board, and seven of the crew having died.
I,4es:llE:timeline Stuart Wortley and Wortley
,‘•allada .„_frem Liverpool by the royal !nail steamer
,ca,
of •.r
w York on their way to Niagara and a
,ag
„„,"',ereat
thl kiEotioE-STREET ACADEMY.—Yesterday morn-
141(ires; D. D. Stewart, A M., delivered an admirable
Ilt4111.:r° the pupils of this *excellent and well-known
On ent,
k4d, watur,daY, the house of Mr. Shaw, in Brunswick
f'lrert:s curglariously entered, and £l2, a watch, six
'nese
;."'Penns, and other articles carried off. The in-
,j,,n ere et market at the time.
titaijaY Lind has declined with regret to accept the in-
dase°4
en te sing at the Saturday evening concerts,. in
o 'N .
the 'es al, indisposition and fatigueshe
lon-n"Pe that at some future period she may have
p,th "a of appearing.
hest terli, of
er Uathew, d ri g the last few days, has been the
A,,,peranee t
.one,
ilauhbn- R. who has presented the
advocate with £5OO, 'to enable him to pay a
PolieiCharged by the insurance. offices on his life
At Llore ho can leave for America.
tlaY aleeting of the West Derby rate-payers, on Thurs-
-4.14;Wa resolved to memorialize the Poor Law Board
tilaitnewte the appointment by the Poor Law Guardians of
ilvsePseel.nshiP of one of their own body as chief assistant
tb
payees and Praying the commissioners to restore to e
Iker their former privilege of nominating the over-
tlttwot ACC/DENT.—On Tuesday morning, about half:
nuar,°' clock, as police-officer John Parry was going
01 dra"w'xis,a,t.l.b_e
.Nelson Dock, he fell into the water and
Co:4er Zn_
sit is supposed that he was tripped by a
Thar
,sl?i was heard at the time, but
one half an
was aware of the accident.
14(Ideeeas: before
asa4annye
gl an. An inquest was held on
aY' and a verdict of "Found drowned" returned.
:43:18,, METHODIST DAY AND SUNDAY SCHOOLS.
r,l Chap
last, the Rev. Dr. Beaumont, of London.
rek La.° Powerful and impressive sermons at Bruns-
-1:11.1;4411311ee 0. n behalf of the above object. In the morn-
tie th autiful and spacious chapel was quite crowded,
44;1cl ha e evenito, the conoTegation was overwhelmning„
I.4ere adreds retiirned male to find room. It !wears
liona4re 8-1 x I undred and forty children receiving. re-
hate ofand secular instruction in connexion with this_s
w°l.shiP The collections amounted to £52 10 •
f 4.13 •
he't the RtrswlciK CLun.—The summer arrangementsow
-!atli,„ant-door exercises in this rising club are
used
itic-C,n)Pleted. The extensive field, formerly for•
• er eihatnoe, is now being rendered applicable to many
C• „rl3,cent but equally invigorating exercises. Arne-t
• ef„,lting, quoits, skittles, &c., are among them, :oil
gt nod noticing 'the novelties until the ground is
tar 1n the interim, however, there can be no doubt
I 11 as he has hitherto done, pro-
t.; bernstanen werigies the intellectual as well as the
txr"ntuences of the Brunswick Club.
mtitiklt'ATlON OF MASTERS AND MATES. A
ltt• ititg,4 the Board of Examiners, held on the 15th
a
i stl
kOttrie' Ale. Richard John Reynolds, first officer of the
of
St. John, N. 8.. Mr. Alexander Stra!:lan,
i'43nnuleer of the Royal Mail steamer Niagara, of
tts*-r"' and Mr. Hugh Ross, first officer of the Man-
Ast 'Ol York, were'all found qualified for second class
r's
Pta• certificates. And on Friday, the 18th instant,
t: J
dLjeri omanles Killick master of the John Dugdale, of
ew t‘''' and Captain' James Brown, late master of the
•"'lle,f`anler Nautilus, of London, were found duly
e- ter first class certificates as Masters.
t4.4tik(latioBlllPs.—lt is probable. that the repeal of the
Len cif II laws will give a great impetus to the constiruc-
11ion sailing vessels of iron ,in the building of whic no
f -41 secces f llv ompete with us. There sides
aole „e s u '
ofwhile a coe. --ers ennctrne. PA wood.

ofi4rOn'"sZat'mue7s"area;:p7e-se' nibuilding on the
4,lditi"°"l// British Railway and Slapping Journal.-
°II to this information as to the building of iron
10,11,P ivas,," the Clyde, we may state that only three or
4de a":"eti vessels are' now being built in Liverpool,
suchT greater number of iron steamers are going
t two Proportion of the latter to the former, over the
tekc,s3'ears, is perhaps seven to one.
malE.lt HERMAN.—This distinguished conjuror has
Irk,a4,ng his tricks every evening during the past
has b 'las also given morning performances repeatedly.
rtwil grat%en well supported, and his dexterity has. always
t'4inz to the spectators. On Saturday night the
at eh °' the coffee and the inexhaustible bottle had
tqanrlTsB for those who occupied the body. We were
en k •erve such a want of decorum amongst them
dot lerman distributed the coffee and the liquor.
t;:;teTitwere cups and saucsrs broken, but only four of
keted l';four glasses employed by the artist could be
fOlass:'"en the bottle trick was concluded. Perhaps
0,4"0ti lv-r.were broken in the shameful disorder and con-
-40 in 1211 took place, and we hope that di.sap-

.
,Tedb.," any other way. The scene ,to
4„'"a,s not very creditable to the operatives
eulogiumresfnt
.lefieally did not go to support the high rs
atayor passed upon the working menh
'ettai erto etlaY Lind, which was read at the close inof the
ntaent.
a-'441/j a SEACOMBE HOTEL, BOWLING GREEN, AND
P 41,0 8•.---The growth of Liverpool, and the spread of
h-go -long the Cheshire shore, have made sad.
..° to thl the rural privacy of most of our ferries. It is
Q 11114,1. 4,11 affair of only a few minutes sail to get out
102e-:l_,Nce and bustle of the town, to the fresh sea-
t%liet Ni*,!la the enjoyment of country scenery andqu
n,
icitiooZodside southwards we are built up;. and eve
theeri;ose!assfetrries, Egremont and New Brighton, no
to ti!lbhda,e. attracrtions which they once offered to
km`le ir4l,,Y seeking pub lc. There is but one exception
the Seacombe, the nearest. ferry. to Liverpool,
b%lqt• west central, still maintains its rural character,
vrtated,s to visitors from our busy port a marine prc-
erell% of he tile gardens of its hotel, commanding the fiat
r eilr noble river, docks, &c., accompanied by
teeLPiredece sZry t.o comfort and enjoyment which can e
's to h ne innovating hand of the speculating builder
dib9!lt aye spared this locality, its neat church being
i
e w which we have
lett' • the ast three years - ne will be seen by ournoticec ad-
. erection
It
,4sr sbcolunniß, that arrangements have been made by
Itobtletists4,427 to render their establishment, during the
top ,et)jo,a'all, more conducive than ever to the comfort
otaVjnollt of those who select Seacombe as a resort
iir-e`ini, or pleasure. Their gardens, bowling-green,
°f of of excellent order ; and the popular American
I,,,tlitea-Pins has been added to the usu.al attractions
eilt Cuisine, and good fare for which the hotel
10,'''aYs been noted.
q 11,"
~ti'art . RENCONTRE.—A short time since a poor
441,"! th,t4lng in Manchester had the good fortune to
l'GLa,legacy of £2OO had been left her by a deceased
finding that it would be necessary that her
Rdi aio;:ewha was in America, should be present, before
no ell he ,Y. could be paid, wrote to him to come back,
16,014 and drew the money. The wife, conceiving
hie cool ueY were in possession of so much money, that
itj,withT.aot be any objection to her returning to Ame-
k,',4)n, ,'lta, Proposed to eater to which he made no ob-
iii-xet, _
having the g part of the £2OO in his
to,t%gh ~"Le managed to give her the slip. Wandering
oa"titiork-o`f.n.e,s,treets in search of him, she attracted the at-
fern 41)11e."`.4- male standing at the door' of a lodging-house,
"Jing to await the arrival of a second party. The
kitriitio Pab vi ug her to be weary, in.vited her in, and asked
kid Pk e of refreshments. saving that she had been

'ay -'"t3r, that her husband had -come from America
setial‘leet:ld legacy of £2OO
These,inAlanwcliitehstnetrh,
earndw
fired t, in Liverpool.
d the
real wife's suspon, which wer.e soon con-
as
particulars,tha t
414)6 by the husband entering the house
.in a state of
illolitir 'clatii°ll. A scene ensu.ed, thiettiwoohnwsibvsesnda,ssbe?ritnedg
filth 0,. Ins, but the new wife an
c t'Y badereonle by the superabundance of the good things
to.'4life talien were helpless, and. soon fell asleep. The_
toe'''t ' who had merely partaken of moderate refresh-
11,_etse:5°_11Y bethought herself of searching her husband's
:Riled Pnd found there £l9O, with which the forthwith
-11°Y their Manchester, leaving the drunken couple to
etilit all' Meditations when they awoke.
f°ltll 4001. TOWN Mrssrow.—The committee of this
d,inetlt ainad useful society have made arrangements for
oocts wt,°.‘zaar at the Lyceum News-room, in aid of the
t ("anti II" are now in a very depressed condition. The
1,(1 1 " °f the Athenwum and Exchange
_News-
-e is -,av k. -
allow those members of
to -..vp„ ° kindly consented to
Odt Nid .'tlrn, who wish to avail themselves of the privilege,
0, „Ili their rooms during the time that the_ bazaar. is
14i(e11 the notice which the committee of the mission
thlssiot, Y Published they say,—" The Liverpool Town
conse-
ttlet!tly,ZB.iestablished in the yeal. 1829, and is, ~
11,it!ollode ink 20th year of its existence.
. The obiect or
*tal,l 41110
411 • rB, many of whom are still living, was the
111 oyfile Provement of the poor o. f. the town, by the
1.,‘.41 ill thilettrof suitable persons to visit and converse with
.n
L'43 arid d own dwellings, and. to hold meetings i
oi tiPto,„„ welling-houses for reading and expounding the
itN fi" and Prayer. The committee in the. first ye.arcre!n.,,-
i01g45 v;,e aßents, and this number went on increasing tut,
'ha-tle ',,," atnounted to 21. Since that time, in conse-
i:ritsee-4
attedfatiolure of the funds, the number of agents
ley his devotee. to their The whole time ot the
Itketihave Made 66 000 •'t held upwards of 4,.000
vc --.g4 • - , visi s,
acwn.ork. During the past year
1,'., 442 i, Instructed 1,200 children and adults in reading,
fi°ll(l4 " .distributed 111,754 religious tracts. Though
i . ectty a
tlot,'Yich,ets Part of their work, they. have also, through
ti.- a1t..4. ot friends, afforded relief in food, fuel,. and,.
"e 4 ri.' `0 1,900 distressed families. Liberal grants of
viv re Made t
Toni
001 ..... 0 the mission, from time to time, by the
Ote. tract Society • and the agents haye, from the_
art;eetnent, distribut' d more than 10,000 Bibles and ‘Verltusitsxv,_hi_ch
.havepb:een granted gratuitously by the
wo bOciety.

THE TIMES ON THE CURRENCY v. HIMSELF

A small pamphlet has just been placed in our hands,
published for cost price by Mr. Wareing Webb, which
exhibits a very remarkable change in the opinions of the
Times with respect to the operation of a paper currency.
We give the most striking portions of it, supplying briefly
the portions omitted, in order to render it intelligible.
" I have observed," says the writer, "that the Times
paper has been one of the strongest advocates of those ex-
treme bullionist notions which are held by Sir Robert Peel
and his disciples. It now appears that the French Revolu-
tion of last year, and the results of the new monetary mea-
sures which the French Rulers were compelled to adopt on
the 15th March, 1848, have had the effect of producihg a re-
volution in the convictions on this subject expressed and
advocated in that powerful journal. The Times paper of the
16th February, 1849, tells ns, that ' when the revolution of
ow 9 4etu woa3 ,•sauv.if
.fo suomput 97,g og paiunowv
aouvad- fo quvg ay; uz spunf ay; 4pa.t.inaao 81-81 navnigag
until the 15th of the following month this money was
rapidly reduced. On the 15th of March alone, ten mil-
lions were paid out in cash in Paris, and on the evening
of that day, the funds remaining did not exceed 59 mil-
lions,' or in English money, not two and a half millions
sterling,—the wtal amount in all the branch banks being
about the same sum : and it is added, In a few days
more the run must have exhausted the whole resources of
the establishment.' As a proof of this, the same autho-
rity says, that a few days later' the scarcity of the me-
tallic currency was so great. that out of a payment of
26,000,000 francs fallen due, only 47,00 J francs could be

rec 9rer. ed in silver.'

"Thus all the monetary transactions of the Bank of
France, and with them those of the whole kingdom, were
on the point of being totally stopped on the 15th March,
1848. Large sums were due from the Bank to one class
of its customers, while still larger sums were due to the
Bank from another class; and the suspension of payments
on the one hand, must have inevitably stopped all receipts
on the other. To aggravate the evil, those w'r) held any
metallic money were of course most anxious to conceal
and to hoard it . Under these circumstances the great
bulk of the people, who were dependent for their daily
subsistence on their daily pay, were maddened to despe-
ration to get a small share of the national circulation, at
the very time when it was on the point of being totally
stopped. Never was any nation in greater danger of being
involved in a state of universal anarchy, than France was
on the 15th March, 1848.

" But in this extremity, a remedy was providentially
found. That remedy is thus described by the same im-
portant witness. When the Bank alone retained any
available sums of money, the Government came to the
rescue, and on the night of the 16th March, the notes of
the Bank were by a decree made a legal tender, the issue
of these notes being limited to 350 millions, but the
amount of tha lowest of them reduced to 100 francs," or
about £4 of our money. This decree it appears proved
quite efficient. It had all the virtue of the much-desired
Philosopher's Stone. It immediately gave to these £4
notes all the essential money properties of gold or silver.
In ten days,' continues the same witness, the amount
issued in this form had reached 80 millions;' and to
print these £4 notes fast enough for the public consump-
tion,' is stated to have been ' one of the great difficulties'
which had to be surmounted.

" This being the remedy, we must now notice the effects.
After a year's trial it appears, on tile same satisfactory
testimony, that the following effects were produced. ' No
sooner was the Bank relieved from the necessity of paying
away the remnant of its coin, than it made every exertion
to increase its metallic rest.' These exertions were quite
successful, for we further learn, on the same testimony,
that the Bank was enabled—

` To purchase from abroad silver to the
amount of

To pass over to the treasury and executive
departments in Paris, in dollars, more
than

10,000,000 f.

100,000,000 f.
And to throw into the circulation of the
country, taking into account the co-
operation of the branch banks, be-
tween March 1848, and Feb. 1849,
five franc pieces to the amount of .. 505,000,000 f.
" These were some of the effects resulting from the de-
cree of the 15th March, 1848. But, besides these strictly
monetary operations,' the same Times paper tells us, that
the Bank of France found means to furnish a series of
loans to the Government on Exchequer Bills, viz
' On the 31st March, 1848
On the sth May, 1848
And on the 3rd June, to be paid up be-
fore the end of March, 1849 150,000,000f.'

50.000,000 f.
30,000,000 f.

" It seams, however, that the last sum was more than
sufficient to meet the wants of the government, for. when
the report of the bank, from which these statements were
taken, was published in January, ] 849, only one-third of
it had been required. But great as these operations were,
they constitute only a part of the public benefit which this
new monetary system conferred on the French nation.
The hank, besides taking a most efficient part in the re-
newed French loan, and making (as the same authority in-
forms us) ' vast advances to the city of Paris, to Marseilles
to 41'-- - R,2

‘lie department of the seine, and to the hospitals,
amounting in all to 260,000 f. more.' was enable to afford
most timely and valuable aid to the manufacturing and
commercial interests. On this point, the following most
gratifying testimony is supplied by the same witness. 'To
enable the manufacturing interests to weather the storm,
at a moment when all sales were interrupted, a decree of
the National Assembly had directed warehouses to be
opened for the reception of all kinds of goods, and pro-
vided that the registered invoice of these goods, so depo-
sited, should be made negotiable by endorsement. The
Bank of France discounted these receipts. In Havre
alone, 18 millions were thus advanced on colonial produce,
and in Paris, 14 millions on merchandise—in all, 60 mil-
lions were thus made available for the purposes of trade.
Thus this great institution had placed itself, as it were, in
direct contact with every interest of the community, from
the minister of the treasury down to the trader in a dis-
tant outport. Like a huge hydraulic machine, it employed
its colossal powers to pump a fresh stream into the ex-
hausted arteries of trade, to sustain credit, and to preserve
the circulation from complete collapse. The private
debtors to the bank amounted to many thousands ; yet so

leniently did it proceed, even against defaulters, that it
only caused a fiat in bankruptcy to issue in a few cases of
evident fraud, and favoured every species of amicable

arrangement

" Beneficial as these operations were in their progress,
the final issue of them promises to be equally beneficial to
all the industrious classes, and most satisfactory to the
Bank and the Government. To establish this, it is
only necessary to quote the further testimony of the
same witness, who, alluding to these extraordinary
operations, says—' To complete this marvellous sum-
mary, it must be added, that the Bank. after all these
exertions, has completely recovered the ground it had at
one time almost lost. At one moment, the amount of
bills overdue and doubtful was no less than 77,700,000 f. ;
that sum is now reduced to 14,340,000 f., and it is
confidently anticipated that the actual loss of the Bank
of France by these risks will not exceed the comparatively
trifling sum of four million francs.' And then be adds,
in conclusion—' We cannot do more than present our
readers with this very brief outline of these masterly
operations, but when it is remembered that they were
conducted in all the gloom and terror of an unparalleled
Revolution, when the Government lay prostrate before
the mob, and property itself was openly assailed, this
narrative of dry financial entries assumes the importance
and the dignity of an heroic resistance to adverse circum-
stances, a-ad in the very first rank of those who rescued
France from the jaws of bankruptcy, and society itself
from dissolution, we place without hE
and able conductors of the Bank of I

awe."'

After quoting some of the predictions of ruin made by
the Times, whilst the experiment of the French Govern-
ment was in its infancy, the writer quotes the following
very contrary opinion, enunciated after its policy was
proved to be successful, and proceeds

" ' THE ONLY PASSAGE IN THE HISTORY OF THE PAST

YEAR OF WHICH THE FRENCH HAVE REASON TO BE
PROUD,' 19 that DECREE by which the Governors and
Managers of the Bank of France were enabled to float
their• establishment ' LIKE AN ARK ABOVE THE WATERS
OF DISCORD ;' and to RESCUE their country FROM THE
JAWS OF BANKRUPTCY, and SOCIETY ITSELF FROM DIS-
SOLUTION.

" In addition to this satisfactory testimony which has
been adduced in favour of this new monetary system in
France, it appears, by the report of the French Bank of
the Bth of March, 1849, that while. all the channels of
industry have been freely supplied with an efficient cir-
culation, the metallic treasure of that establishment,
which was so nearly exhausted on the 15th of March,
1848, had accumulated to an amount exceeding 312 mil-
lions of francs, which is since considerably increased ; and

we also find by the public papers that this new system
has net beeh attended with the least permanent deprecia-
..

non or the meeauzc wine or ri repo). bank notes,—but,
on the contrary, that the larger notes of the Bank of
France have actually borne a premium of one or two per
cent. above the value of French metallic money in the
neighbouring continental states.
" Much, therefore, as we have heard of the extraordi-
nary Gold Mines of California, the accumulation of
treasure produced from that source has not by any means
been so great, or so rapid, as that which has been by the
DECREE OF THE PROVISIONAL GOVERNMENT OF PRANCE
of the 15th of March, 1848.
" To those who had paid due attention to the national
relief atained from our own monetary measures of Feb.
1797—0 f December 1825—and of October 1847—the
further information supplied by the experience of the
Bank of France during the last year was unnecessary,
though any one might well have doubted whether a bank
note system of money could by any possibility have been
sustained in the midst of such political convulsions as
those which France has encountered since February 1848.
But the Bank of France, under the judicious superin-
tendence of Count d'Argout, has now satisfactorily re-
moved this doubt, and for the practical lesson thus
afforded the whole world will have cause to rejoice if our
Rulers know how to avail themselves of the instruction
which it gives us, and of the valuable aid which the high
credit of our national Bank is capable of affording.
" The lesson to be learned is simply this,—that the
way to secure a plentiful supply of the precious metals at
all times for a nation far advanced in civilization, and
where extensive credit engagements exist, is—not to
compel or even encourage the people to adopt the use of
metallic money only, but—to provide them with an effi-
cient substitute for the precious metals, so as to enable
the people in any case of extreme emergency to carry on
all the greater works of domestic industry through the
instrumentality of that substitute, without any other aid
from metallic money than that required for smaller opera-
tions and the fractional portions of large transactions.
No one can fail to see how absurd it would have been, in
the recent Potato Famine in Ireland, to have deprived the
people of a substitute, under the idea that it would com-
pel them to keep up a supply of that useful root; but
it is equally absurd to expect, when a scarcity of bread-
, food in England causes AN EXPORT AND SCARCITY OF
GOLD, that the scarcity of gold can be counteracted,b.y.a

legal enactment compelling the people to make all pay-
ments of two pound's and upwards in that metal', and
depriving them of the privilege of providing a substitute
for it. For want of perceiving this simple truth—so
obvious to any unprejudiced mind—the people of this
nation have been kicking against the pricks for the last
thirty years."