The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-12-11 00:00:00

OUR "FIXED'! STANDARD OF VALUE.•

•
The thinking portion of the commercial world are just
now watching with interest, not unmingled with dread,
the rapidly progressing accumulation of gold in the coffers
of the Bank of England, and speculating upon the course
to which that body must be driven, in order to render
produotive their pre,sent latige amount of unemployed
capital. We quote the following remarks upon the sub-
ject by the able writer of the commercial intelligence in
the Liverpool Albion—of course a liberal and a free
trader

"The bank returns this week show a further accession of
bullion and an increase in the reserve. While this continues,
merely to report that money is abundant and easy, would by
no means give a correct idea of the position of the market.
We are arriving at that point when the holders of bills will be
sought after, and will confer, rather than receive, an obligation
by submitting their paper for discount; and bankers will then
be found anxious to encourage customers to make their ac-
counts more active. The result may easily be conceived, and
is equally certain: the only question is that of time. It is now
proved beyond a doubt, by the events of the last four years,
that a Gold Currency will produce as great, if not greater,
fluctuations in the value of money and prices of commodities,
than any other currency whatever. A "fixed standard" does
not, nor can it, mean anything else but a definition of that
which cancels all obligations between debtor and creditor, for
a fixed standard of gold has no more the power of preventing
fluctuations either in prices or in the value of booked debts,
than that of the African standard, cowries, or even that of an
inconvertible paper currency. We have seen the evils pro-
duced by a gold currency in 1847, and if we live another year,
results the most opposite will be witnessed from the same
cause." -

Such views are gaining ground, and will make them-
selves prominently known and felt in the coming session
of parliament.

POLICE COURT.-YESTERDAY.

COMMITMENTS TO GAOL.—A girl, named Agnes King,
was proved to have robbed a sailor of his purse and two
shillings, and was committed for three months.—James
Kelly and James Vernon, youths, were charge
ing made several attempts to pick pockets. _
watched by a detective. Committed for three mon_ _
Mary Crow, for stealing a turkey in St. John's Market
on Saturday. Committed for two months.—Wm. Napier.
stealing a till drawer, and 4s. in Park-lane. Committed
for two months

with ha

They v

CHARGE OF CONCEALING THE BIRTH OF A CHILD.—
It will be remembered that a woman who had arrived at
this port as a passenger from Ireland, was charged before
the coroner with having thrown an infant—of which she
had been delivered on board—down into the hold. The
child lived until the following evening, and the jury ac-
quitted the mother of any felonious intent. The same
woman was brought before Mr. Rushton yesterday, on a
charge of concealment of the birth ; but as this is not a
statutable offence—though concealment of pregnancy is—
Mr. Rushton, as she had been acquitted by the coroner,
dismissed the case.

A CAR DRIVER AT FAULT.—A car driver, named
John Jones, was charged by a gentleman of the Jewish
persuasion with abusive and shameful conduct towards
him. Complainant wanted to go with some small luggage
to the railway station at Edge-hill, and hired the car for
ls. 6d., which was the fare. The driver, however, extorted
a glass of rum from the gentleman by the way, and
stopping the car before reaching the place appointed,
demanded more money. This being refused, he closed
the car door, uttered gross language to the complainant,
truck him with his whip, and detained his luggage.
len came up and sent for a police officer,
ded the prisoner, and released the goods.
aid the prisoner's conduct had been dis-
st appeared that he intended a rob-

Some gontl
who apprel
Mr. Rushta

He fined him £5; Or in default to be imprisoned

for two months

BASE Cori.—Two boys, James Kelley and Bernard
Cross, were charged with uttering two pieces of base coin
in Chisenhale-street, on Saturday night. In the house
where they lived were found pieces of white metal, a
crucible. &c. They were remanded for further inquiry.

The annual ball of the Ladies' Charity will take place
on the 27th instant, under distinguished patronage.
A gentleman in this town has invented a machine ca-
pable of folding three thousand newspaper sheets per
hour. The cost is said to be comparatively small.
On Saturday John Cockcroft was sent to gaol for two
months for a burglary at the house of Miss Hudson,
Everton-crescent, from which he stole some beef and veal.

RAILWAY AUDIT.—The Chancellor of the Exchequer
has replied to the Liverpool shareholders on this subject,
merely to the effect that their representations shall receive