The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1850-10-15 00:00:00

day, JANE AGNES, infant dau

Same 'day, at Gli
late of Kelvin-grove

,gaw, WILLIAM DLNNISTOUN,

Parkgate, in the

Same day,
JOHN MELD
On the 10th instant
BETH AMELIA, only dailgt
nett street.

76th year of his age, Mr

ed 3 years and 8 months, ELIZA
r. \V. WILLIAMS, Ba!

m xif;
sTorrn
1,1 s A
j,
ENDKAI tsh.
O❑ the
seventh iPSame yta,lll.tienistcalnii suddenly,tl4,l oanit.; eAEdivre.67)l°l I,VM r. ROBERT BRECKELI
victualler, Regent's-read.
On the nth instant, aged 3 years, RICHARD, youngest so
•f Mr. WILLIAM HENRY WIATT, of Anson-steet.
Same day, at his residence, Aighttrth, aged 74, Richard
RICHARD HARRIRON, Esq.

Same day, aged 40, Mr. JNO.. JONES, of the firm of Win.
Jones and Co.' builders, Upper Duke-street, and second son cf
the late in°. Jones, Lion Inn, Cerrig-y-Druidion, Denbigh-
shire.

BUsaßTON(lB,Yl4teofofetohnesiNiTropotlitoonn C agedoffe e 3-1010 ul‘sler; WjOooSlEtal WAR.

From his ell\
discover ii

TO CORRESPONDENTS,

'e have it t

mutual friend is

rday, we are at length enabled to

Mail's flagitiou

.nd, from the lips of writer
;h another channel who that

t the baseness o
mil is not the mar

who would convey it. Ile would scout the notion of being
made the vehicle of a communication, evidencing on our
Ant of prin-
.oses to persist in
r to persuade the

being privy to it, so utter a w

mporary

permitted to communicate his na
we may acid that. not only is lie kr

of bigli moral rectitude, but

We were unable to
the Canadas and
they will be avaib

" A i'hilanthr

than in insinuati
do not deserve th
We have no doubt t

good pl
that hi
out bei

pen, and-with a litt:
improve.

CM)

to ii point bl

s a member olan eminent

rn America, but on. Wfuture occasion

Ipnyed in devi

evil of which he complains

ct against parties who

3 received,-we hope to

able eorrespon(!ent, and we take in

Ist ourselves.. Cantint he understand

cations of ability with-
ation ? Helms a read,
is comtouni

:ions will

31..tberpool ktanbarb.

TUESDAY MORNING, OCT. 15, 1850

OUR readers who have remarked the absurd
choice made by Government of a site for the Post-
glad to see, from the

following communication, that there is still a chance
of the wishes of the town being attended to. Thus
far it has seemed as if Government were resolved to
take their own course, in spite of every remon-
strance. How they can get over the representa-
tions as to the inconvenience of the locality of the
Blind Asylum for the purpose, furnished by the

influential parties to whom our local claims are en-
trusted, passes our comprehension. One alone of

the parties in question—Mr. Wm. Brown, our
member—ought, from his high commercial stand-
ing, to be listened to even if he stood alone in opi-
nion. The Chamber of Commerce deserves the
thanks of the town for the zeal and perseverance
which they have displayed in this important matter.
We have good hope that their exertions will be
crowned with success.

It OF CO

,MMERCE

A special meeting of the council was held yesterday,

Wm. Brown, Esq., in the chair, when it was communi-
cated that officers from the Treasury, Post-office, and In-
land Department had been appointed to proceed to Liver.
pool for the purpose of meeting a deputation, in compli-
ance with the memorials from this chamber on the sub-
ject of the removal of the Post-office, as well as with the
• ' the town's meeting, and that on
.early to receive them. It was
I. P., C. Robertson,

resolutions pa.

Thurso

.auld

agreed that M

lii A. Macfie, anc
dent and vice-pre:

ler with the presi.

of the chamber, and that
of the Town Council on t

ey cont

.th the

Anmittee

mittee, for the purpi

appointing clef

subject, and the Dock Com-

their co-operation by

t--from the chamber

WE publish elsewhere a reply from Dr. M`Neile
second letter of Archdeacon Wilberforce.

to the

a contemporary
t the venerable divine requires
'cunt the difficulty
The third letter of

We are not surprised to find th
seems to think tha
some help to enable him to su
which is of his own creation.
the Doctor is so complete a " silencer" of the com-
plaining statements of his correspondent that we
do not expect any further letters will be written on
the subject. Dr. M`Neile is usually victorious in
all his encounters with opponents, but we do net
n when his triumph was so
complete as on the present.

remember any oc

Harbord and Dover appear, in their
capacities as members of the Council, to be espe-
obnoxious to the Liberal portion of our
Their ice it is rather difficult

MESSRS. i

cially
local journalists

to deiertnine, unless it consists in the exercise of a
rigid watchfulness over the interests of their con-
stituents, and occasionally of a scrutiny into the
financial condition of the two great estates of which
they are appointed trustees, along with the rest of
the Corporation. We have a specimen of the

flippant censure levelled against these gentlemen
in the Liverpool Times of Thursday last, in which
interested motives for their public conduct are

it reminds our

of the r

of the excellent man

and the people of England threw off its yoke. The
selection of the city of Westminster, the very seat of the
Court and the Parliament of England, and the appropria-
Lonoured

ified with the glories of our

with those rights and associations to which we, a

fere n ce

nation,

, .
,-
are most unanimously and devotedly attached. We sup-
pose that even among our Roman Catholic fellow-country-
men there are few who hold such extreme ultra-montane
doctrines as to wish to see the Pope of Rome exercisinc,
powers in the distribution of ecclesiastical dignities whiclq

he rarely ventured to claim in the most benighte

and reli

ions bigotry itself can hardly make them fo-rget
is not a question of theological opinion, but of

surdity of the selection of this title for this
illegitimate prelate is equal to its arrogance. Everybody
knows that -Westminster never was in early Christian
but a monastery. On the suppres-
__ us houses. Henry VIII. did, indeed,
bdp of Westminster, for the first and only
IX. seems to have borrowed his precedent
atic King of England ; but on the accession

,op's see,

ion of the r

create a his

of Edward VI. the see of Westminster was incorporated
with that of London, which gave rise to the expression of
`robbing Peter to pay Paul.' So that there is neither
tradition nor usage to justify any such appellation. It is
a mere figment of the papai brain. As applied to the city
and liberty of Westminster, it is a term devoid of meaning ;
but its meaning lies, we fear, in an unambiguous intention
to insult the Church and the Crown of England, and in
an absurdly mistaken notion current abroad that the con-
version of a few weak minds to the doctrine of Rome has
shaken the adherence of the people of England to the
great principles of the Reformation. This inference is,
we know, Egregiously presumptuous and false; for if
there be one clans of Englishmen more than another who
ought to be sensitive to this indication of the undying
pretensions of Romish authority, it is precisely that class
which most highly venerates the traditions, the authority,
and the liberties of the English Church. It has been
suggested that the Pope determined to take this ridiculous
and offensive step for the purpose of retaliating on the
English Government the political hostility which has been
imputed to it, arid especially of countervailing the
intrigues of a consular agent at Rome; whom Lord Pal-
merston declines to remove. But we can hardly imagine
that the Papal Court was actuated by so pitiful a motive
for one of the most daring assumptions of power it has,

put forwarc
and his adv

in this country for t

hree centuric

'he Pope

Ts have mistaken our complete tolerance for

indifference to their designs; they hiive mistaken the
renovated zeal of the Church in this country for a return
towards Rotrish bondage ; but we are not sorry that their
indiscretion has led them to show the power which Rome
would exercise if she could, by an act which the laws of
this country will never recognize, and which the public
opinion of this country will deride and disavow, whenever
his Grace the titular Archbishop of Westminster thinks
fit to enter his diocese."

THE appreciation of commodities, as measured
in gold money, of which we spoke last week as
certain to occur from the discovery of the mines of
California has already commenced ; and is not
operating thus far in favour of this country.
America, the locality in which the discovery has
been made, is the first to reap the advantage of the
extension of monetary power afforded her. She
has now an evident pull upon ourselves and upon
Europe. To supply herself with the products of
the old world she has no longer to force her cotton,

her tobacco, her grain, and other commodities into
our markets, being able to satisfy any temporary
balance of trade which may be against her with
the precious metals from her newly acquired terri-
tory. Her banks are full of money; prices of
Stocks, and shares of every description, are ad-
vancing rapidly throughout the union ; and the
increased consumption of the American people
themselves is giving an upward. tendency to the
market value of every description of property.

The effect produced indeed is as if there had been
discovered in the States something a thousand
times more valuable than an abundant harvest, or
a new territory fertile in whatever can conduce to
the maintenance and employment of man.

_
Yet what is the fact? What is the amount of
the accession of real wealth, or capital, to America
from the discovery of these mineral deposits. The
mines have yielded thus far not much more in
value than half-a-year's crop of cotton, and far less
than half an average grain harvest. An increase
in the yield of either of these products would have
produced no sensible effect upon prices generally ;
and certainly no such speculative excitement as is
described in our recent advices from the United
States. Take the following for example :

" THURSDAY, SEPT

" The excitement of speculation still continues in Wall-
street. All the leading fancies are in active demand, at
steadily improving prices. Movements at the Board of
Brokers remind us of old times, when the members were
nearly all operators for a rise, and there were plenty of
outsiders, well provided with means to purchase and
carry large lots of stock. It is a long time since there
has been such a speculative feeling visible. and there is a

wide margin for a further improvement, before prices
reach points realized years ago. The movement is still
upward, and the excitement is increasing so rapidly, that
we have not the slightest idea where it will stop. It is
pretty evident that the inflation has but just commenced.
Outsiders have, as yet, hardly got a taste of the feast
spread out before them. The spirit of speculation is very
strong, and is rapidly spreading. A careful review of the
past, and the prospect before us, must satisfy all, that
there has not been a time, within the previous five years,
when the elements of prosperity have been in a similar
and more healthy state than at the present moment.
The difficulties which have for so many years surrounded
the numerous important political questions at issue be-
tween different sections of the Union, have been disper-
sed, and we cannot see anythine in the future, likely to
occur calculated to check, in the slightest degree, our
onward progress."
It is not mere wealth, or capital, which our for-
tunate friends have discovered. It is " money," or
the means by which, in the present temper of
mankind, a currency is maintained. The banks of
the United States' are full of specie, and perfect
confidence being felt as to the certainty of Laker
ample supplies, money accommodation is freely
afforded for every description of speculation or
investment. The same writer from whom we have
quoted above—the writer of the Commercial Arti-
cle in the New York Herald—remarks :
" The movements of gold and silver do not have that
influence upon financial and commercial affairs as in
former years, and we are not therefore, subject to those
fluctuations which have heretofore been so frequently
experienced, and were so injurious in their operation.
The movement of gold in lots of one and two millions of
dollars now hardly creates a remark, and the immense
amount held by the banks of this city gives confidence to
men of business, and does away with all apprehensions
for the future. Gold from California goes into the vaults
of our Wall-street banks, and thence to the mint. After
a time it comes back in the shape of coin, and passes into
circulation. It is this influx of gold coin in the channels
of trade that has given the public so much confidence,
and such an impetus to stock speculation. The abun-
dance of money among all classes gives nearly every one
the means of enjoying more of the luxuries of life than
heretofore—gives people facilities for travelling—and in
that way gives all our public works greater activity and
greater incomes. The ability of the masses to consume
all the necessaries of life requires greater supplies of
breadstuffs and provisions, and guarantees remunerating
orices
theto producers."

Such is the effect which an enlarged currency is
producing in America. It is enhancing the price
of every commodity, stimulating consumption, and
thus encouraging production. The accumulated

property of that country, as well as the annual

money income of its citizens will probably be in-
creased one-half in the course of a few years, not
from the value of the gold discovered, which will
probably be a mere fraction of the increase, but
purely from the abundance of the instrument of
exchange. And ultimately the same result will
occur in every country where the circulating medium
is based upon or measured by the value of the pre-
cious metals. The issuers of money, whether the
state or individuals, will have the fetters stricken
from their hands, and a flowing circulation will
give an impetus to prices and to enterprize, the
result of which it is difficult indeed to foretell.

This is no new state of things. There is nothing
in it to excite the wonder of men who have read
the pages of history, and reflected upon their im•
We cannot do better than quote in illustra-

iion of this fact a passage from a very able speech
on the subject of the Currency, addressed last