The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-04-18 00:00:00

ciety :

"The object of this Association is to found a settlement
in which real provision will be made for the moral and
religious welfare of the settlers, and thus to remove the
chief obstacle which tends to deter the gentry of England
from taking part in the work of colonization.

" With -tfiis view care will be taken to provide the
settlement from the first, and to an adequate extent, with
the ministry and ordinances of the English Church, and
with educational institutions of a religious character.
" Arrangements are in progress for acquiring a large
territory in New Zealand to be devoted exclusively to the
purposes of this settlement.

"-A committee of management, appointed by the As-
sociation, will dispose of the land so acquired, and will
exercise the right of selection among applicants for the
purchase of it. _ _

" The Society for the Propagation of Gospel has under-
taken to manage the trust fund for religious and educa-
tional purposes in concert with the Association.
`• The funds necessary for the objects above mentioned,
as well as for the general purposes of founding the settle-
ment, will be supplied by the price of the land.

" Further information may be obtained by persons
desirous of purchasing land in the settlement, or of pro-
moting the objects of the Association, by applying at the
office of the Association as above."

CORRESPONDENCE,

STATE OF IRELAND,

TO THE EDITOR OF THE LIVERPOOL STANDARD,
Liverpool, 15th April, 1848.

Six,—The following is an extract from aletterwilich
I received yesterday from my father, in Ireland, showing
the position of the Protestants of that unhappy country
at the present time. Will you be kind enough to give it
a place in your next publication, and oblige your obedient
servant, W. 3.
" Dear W.—We are in a sad state here ' • we expect a
rebellion to break out every moment. The Repealers say
they will shortly have the country to themselves, and they
have threatened to confiscate our property if we do not
join them in their rebellious movements ; but we shall
never do so, be the consequence what it may.
"We expect to be attacked to-morrow, and the Rev.
Mr. C— has sent round W— J— to warn all the Pro-
testants in the neighbourhood to meet in School-
house, to receive arms and prepare for the attack. May
the Lord prepare us for the event.
" Your affectionate father, _

J. J.,,
[The gentleman from whom we received the foregoing
is a highly-respectable person in this town.]

THE CURRENCY

TO THE EDITOR OF THE LIVERPOOL STANDARD.

SIR.-It must be gratifying to any one who wishes well
to his country to see that THE PRESS, of late, has so fre-
quently, and so ably, brought forward the subject of THE
CURRENCY, which is considered by many as the great
question of the day, but one which has been involved by
theorists, pro and con., in the utmost perplexity and
confusion.

The perusal of an article on the subject, signed W. 8.,
published a week ago in the Albion, gave me much plea-
sure. It was calculated to clear the mist from the mind
as to the real nature and use of money, and to show how
easily attainable is that for which men are now, and in
past times have been, making one general scramble.
That the five pound Bank of England note answers all
the purposes of home business as well as could be done by
five sovereigns, is in every one's experience ; and this note
is only valuable as it is, or should be, based upon some
property of intrinsic value.
The NOTES proposed by the correspondent of the Albion,-
W. 8., would command, and deserve, as much credit as
any notes that could be issued, and the circulation being
limited to time, would periodically have their validity
tested, and could also be made a means of producing a
large local or general revenue. They would be efficient
in giving full employment to labour, and tend more to
remove distress and discontent from our own, and sister
country, than all the acts of parliament that have been
passed since the conquest.

When the babyhood of society is passed, we shall see
the utter absurdity of basing our paper currency on a
foreign metal that we cannot long together retain ; and
how monstrous it is that the trading interest of the king-
dom, and of half the world also, should be placed at the
controul or caprice of ONE PRIVATE JOINT STOCK BANK-
ING COMPANY, who can change the money value of every
man's prospects in England at pleasure, and who may
raise or depress railway shares, and stock of all kinds, at
will.

If, ho wever, we want, by the fear of revolution, speedily
to make ministers equalize taxation, let us stick to our
present currency : if we aim at fraternization, abide by
Peel's bills. Do we desire a speedy and irresistible war
of labour against property ? Hurrah then for our present
money laws ! ! But. if we wish order, subordination, res-
pect from man to man, and from governed to governors,
then let us unite as one man to destroy the present money
laws, which fetter labour, render industry and skill use-
less, starve alike the labourer and the field, and raise, in

menacing attitude, every man's arm against his neighbOur.
W. B. suggests at least a principle which is capable of
regulation, and would the merchants adopt it, or some-
thing equivalent to it, they would find a ready market for
all their produce, and so enrich the masses of English
consumers, that their own warehouses would not hold

half enough of produce for their consumers.
The present money law is an ingenious device to rob
stry of its fruits, to enrich usurers at the expense of
to ruin home and foreign trade alternately, and
,1

.te our foreign transactions almost always disadvan-
tageous. Let the employers of labour decide whether
they will alter our money laws, and preseive peace,
law, and order, or preserve the money laws, and look out
for anarchy and confusion. Yours, &c. E. W.