The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1835-10-16 00:00:00

LONDON LATEST NEWS.

City, Wedaesday Evening, Half-past Seven o'clock.
There has been great excitement among our capitalists and
others connected with the monetary interests since our last re-
port, in consequence of the Bank Directors having refused to
discount paper with the endorsement of any joint stook bank of
circulation upon it, which has been caused, according. to report,
by an abuse of privilege on the part of some of their bodies.
The result, however, was seriously felt here, the bankers imme-
diately contracting their discounts, and rise pressure for money
was very considerable. Consols were affected to some extent,
and the floating securities, particularly Exchequer Bills, falling
to 12 prem., and India Bonds to par. When this resolution
was made known in course of post in the country, it caused d
considerable sensation there, and the results were considered as
likely to be so disastrous that even the Bank. Directors began
to shrink from the consequences, and the leading discount
brokers were accordingly informed on Monday that the rejected
paper would be cashed until the Ist of January next, when the
practice would be altogether discontinued. This partial respite
has had the effect of causing an improvement in the market;
money has become comparatively easy; the bankers have re-
sumed their discounts, and, aided by the payment of the divi-
dends, which commenced to-day, the rate of interest has been
considerably lowered. Consols for money left off at 91, and for
the account at 911 I. Exchequer Bills are 13 to 15 prem., and
India Bonds are 1 to 3.

The intention of the Bank to recommence a crusade against
the joint stock banks with the coming year is the general topic
of conversation here, and generally is much animadverted upon,
as it is considered that the directors are using tyrannically the
giant power intrusted to them, and that, although naturally jea-
lous of the joint stock associations, it is punishing the mercantile
community at large, who can have little deserved to be the
victims of such rivalry.

In our Foreign Market there has been considerable specula-
tion in Spanish Stock, the old Bonds being yesterday at 46,
but they c►osed heavily at 441 .3. this afternoon, and the Bonds
or 1834 at 421. Columbia Stock is 331, Belgian 103, Danish
761, Dutch 5 per Cent. 1001, New 21 per Cent. 541, and Por-
tuguese 5 per Cent. 881.

Yesterday was the settling day in 'the Foreign Market, and,
this day in the Consul Market, and 'both passed over withMit
difficulty.
In our shares there is nothing to notice as regards the mines,
which are as dull as the water contained in them; but we have
a perfect mania in railway schemes, and •doubt not shortly, if
Capel Court is to be believed, to be able to deliver oar epistles
in our own proper persons, without that (about to be) tedious
process of his Majesty's mail.
Intelligence has been received from Mexico to-day to the 22d
of August. General Alvanz had expressed himself unwilling to
submit to the propositions made to him by General Bravo, and
the latter, having thus failed in his negociation, was about to
return to the capital.

Several corps of troops of the line were marching upon Texas
by laud, and a detachment had arrived from Arezaba with the
design of embarking at Vera Cruz for the same destination.
The chambers and the executive power had been in open op-
position. The minister Tournel, and the commandant Valencie,
had written to Santa Ana inviting him to return to the capital.
Congress had been dissolved, and the new one would pass the
central constitution, which those in power had drawn up. This
document wai understood to be the production of Dun Lucas
Aleruar and the Bishop of Puebla.

The city of Mexico appears to Le in a state of great distress
in consequence of the scarcitg of money, which had compelled
the government to put into circulation paper money, with
which it paid those in its employ. The paper motley was in so
little credit that it 'sold at 18 to 20 per cent. discount. It ap-
pears that the chambers in their struggle against the govern-
ment reckon upon the assistance of Generals Bravo, Curteza,
cud Canaleza.

Ou the Ist of August there was a grand military assemblage
in the city of Mexico, at which were present the president, ad
interim, Baragen, the ministers, the generals, &c. Their object
was not precisely known, but the current rumour was, that the
high military functionaries wished to elevate Santa Ana to the
imperial throne.

Advices were also received from Guatamala. The republic
was trancluil, and Genernl Morezon had been re-elected presi•
dent by the unanimous vote of the people.

HALF-YEARLY MEETING OF THE LITERARY
AND SCIENTIFIC INSTITUTION.

This meeting was held on Tuesday evening, in the
Music-ball, Bold-street. On account of its being the
first meeting since the formation of the society, the
anxiety to obtain tickets was unusually great, particularly
when it was known that Lord Francis Egerton had con-
sented to take the chair. Notwithstanding the unfavour-
able state of the weathet• the room was crowded to ex-
cess: 1,800 tickets of admission were issued. Among
the company there were some of the most influential
merchants of Liverpool. Lord Francis Egerton having
taken' the chair, Mr H. T. Atkinson proceeded to read
the following report

II iiPO RT.

The committee feel great satisfaction in announcing to the
members, that during the last half-year 385 names have been
enrolled as members of the institution, 81 of whom, up to the
present period, have not vet renewed their subscription.
The present number orrnembers.is as follows:
Subscribers for a year ... 8
for 6 months ...272
for life
Honorary and other members

-304

The committee revert with feelings of infinite pleasure to the
indefatigable exertions of Mr. Black, in the formation of this
institution, and his gratuitous services in the establishment and
direction of a class fur the acquisition of the French language,
which ultimately numbered 130 members. The committee have
re-engaged this gentlemaa's services for the ensuing session,
and they have much gratification in stating that the classes
already number 115 members.
The engagement made with the Rev. Mr. M.Gowan having
terminated, the class fot English grammar and elocution has
been placed under the superintendence of Mr. W. Carter.
A requisition, numerously signed, having been submitted to
the committee, for the purpose of procuring the appointment of
a class for instruction in the Latin language, the committee
have selected Mr. James Black, from whose popular mode of
teaching the best results in the improvement of the members is
confidently expected.
The increasing commercial transactions of this port with
Spain and her Transatlantic possessions, have caused a want
of the Spanish language to be sensibly felt by many of the
members of the institution, and the committee have therefore
engaged the able services of M. De Lora, fur the purpose of
teaching that language.
The classes conducted by air. Tate having closed, the ser-
vices of Mr. \V. M.N. Fisher have been engaged for the ma-
thematical department, and Mr. W. Tate will also deliver a
series of lectures on the theory and practice of British and
foreign commerce, intended to give a general view of the im-
port and export trade, of the laws and regulations of bills of
exchange and marine insurance, and of the forms and modes
of keeping the mercantile and banking accounts of this coun-
try, with the metrology, monetary systems, commercial and
bullion operations and exchanges of the chief trading places
of all the other ports of the world.
From the circumstance of so great a portion of the members
of the institution being engaged in pursuits in which the acqui-
sition of commercial information is of such great importance, it
is confidently expected that this class will form one of the most
valuable features in the institution.
A class for landscape and perspective drawing has been
formed, under the direction of Mr. G. Pickering, whose ac-
knowleged abilities as a teacher and an artist, offer the best
security for the progress of his pupils.
The classes for gymnastic and calisthenic exercises, under
the management of Mr. Harrison, will be continued during
the next six months.
The library at present contains nearly 800 volumes, the prin-
cipal part of which have been presented by the patrons and
members of the institution.
The great demand for Looks which has been experienced
since this department of the institution has been opened to
the members induced the committee to make a grant of £6O
in order to increase the number. Notwithstanding this, time
library is still inadequate to the wants of the members; but it
is confidently hoped, that through the continued accession of
members means may be found to make this importatant and
interesting feature of the institution as extensive and efficient
as the committee feel it will be permanently and valuably useful.
The discussion class which was established for the purposes of
discussing subjects exclusively confined to literature and science
has continued to be attended by a great number of the members.
The great advantage which has been found to arise froth the
establishment of this class is, the necessity it involves for read-
ing and iesearch.

LECTURES.
The large class room of the institution was, in the first in-
stance, appropriated for classes and the delivering of lectures,
and haring been found too contracted for the cotumodation of
the members, an application was math- to the committee of the
Royal Institution, aho in the most liberal manner granted the
use of their spacious and convenient lecture loom fur twelve
months: this institution being required to pay only the neces-
sary charges for lighting and attendance. • In consequence of
this arrangement a much greater effect was given to the lec-
tures which followed than was possible with the limited means
possessed by this institution.
The lectures delivered during the last half year have been a
course on the literature of Englund, commencing with the Eli-
zabethan era, by Dr. M.Kenzie; a course by Mr. Ellis Sweet-
love, on the philosophy of the atmosphere; a ccurse on the
Ti
drama, and dramatic literature of Spain, by M. de Lard;
ate
introductorylecturet
co
aenoitunritstie of the
eonbotaiy, by Dr. Thorburn;
in addition to these the iito
ya Institution pre-
sented the members with the privilege of admission to lir.
Grant's able and eloquent course on the Zoology of inverte-
brated animals.
Arrangements have been made for the early delivery of a
course of lectures on the natural history, physical constitution
and intellectual powers of man, by Dr. Bryce; the origin of
language, by Mr. Black, and French language and literature
by Mons. Lefebvre.
The report having been read,
Lord Francis Egerton addressed the meeting; but the press
of other matter precludes us from giving his lordship's speech,
or any of the other excellent speeches delivered on the occa-
sion. The speakers were Mr. Alderman Floisfall Mr, Adam
Hodgson, Mr. John Eden, Mr. Donovan, Mr. M. W. Collett,
Mr. Williams, Mr. E. E. Lewin, Mr. Sandbar:li, Mr. Richard
Davi,sou, Dr. Jeffieys, Mr. A. D. Bayne, Mr. Joseph Leicester,
Mr. Black, Mr. J. E.,Gladstone, and Mr. T. Comber.

---
THE BATTLE OF CAMPERDOWN.—Of the officers who corn
manded ships in the memorable battle of Camperdowu the
thirty-eighth anniversary of which was commemorated on 'Sun-
day last by his Majesty's visit to the chapel of Greenwich Hos-
pital, but three survive—Admiral Sir Henry Trollope, Admiral
Sir Jobn Wills, and Vice-,- dioiral Sir William Hothatn, all of
them iinights (-hand Cross of the 13atb.