The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-11-21 00:00:00

Till LIYIRPOOL STANDARD.

The water speedily found new channels to percolate
through; and the water in the private wells
throughout the neighbourhood is at present in
such abundance that instances can be found of its
having to be pumped to waste, to prevent its flood-
mg the cellars, or destroying the foundations of
the dwellings. We may mention too that, not-
withstanding the deep sinking of the Bootle well,
the whole shore in that locality is flooded with
springs of beautiful water, which ooze out, or are
collected in wells, only a few yards above high water
mark at the spring tides.

OUR last remarks, in reply to Mr. Webster,—
the was-to-have-been paid chairman of the Birken-
head Docks,—have elicited, so far, no reply from
that gentleman. We do not wonder at this, after
the gross blundering which we exposed. We have
now still less expectation of hearing from him
further. The statement (which we give elsewhere)
in Mr. Bramley-Moore's recent letter, resigning
his Dock Chairmanship on his election to the
office of Mayor of Liverpool, that the Estate—said
by Mr. Webster to be paying interest • out of
capital—had a surplus income at present over
expenditure of £35,000, after placing the interest
on the entire bonded debt, including the new North
Docks and the Wapping purchases on the debtor
side of the account, ought to place Mr. Webster,
and, by the by, Mr. Eyre Evans as well, com-
pletely hors de combat, and, we are glad to hear,
it has given entire satisfaction to the bondholders.
The increase of tonnage from the 24th of June up
to Mr. Bramley-Moore's letter, was 26,371 tons;
and this increase will be made more striking after
a few days more of the favourable winds for in-
coming shipping; it will probably amount this
week to 40,000 tons.

Wu gave, a few weeks ago—as we remarked at
the time, rather prematurely—Tract, No. 1, of the
Liverpool Currency Reform Association. We do
not 'at all regret having done this, inasmuch as,
thus far, not one position or principle of the asso-
ciation, however imperfectly laid down by the
tract, has been satisfactorily, or at all, confuted by
the advocates of bullionism. On the contrary, the
association has more than held its ground against
every opponent. It was our intention, in the present
number, to :have published a controversy between
the association and Mr. James Wilson, of, the
Economist—a gentleman reputed to be one of the
great guns of the bullionist party—in which we
feel confident that every impartial reader upon the
subject will admit that the Peel-Russell advocate
has very, very much the worst of the argument.
We are compelled, however, to withdraw the letters
which thus far have passed between the parties ;
and are only consoled in so doing by the hope that
next week we shall be able to publish the contro-
versy as finished.
We give this day the " manifesto" of the asso-
ciation—a carefully digested document, upon which
they are prepared to stand—and beg to request the
attention of every member of our mercantile com-
munity to the principles which it lays down. The
question, we may add with some little pride, having
urged it upon public attention for some years, is at
length regarded as the great question of the day.