The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-03-07 00:00:00

attention in r

The National Assembly has been convoked for the 9th
of April. It is to consist of 900 members, elected by a
constituency composed of all Frenchmen above the age
of 21.

Tranquility everywhere prevails, nor do there appear
any indications of its being interrupted. It-will be seen

from our foreign intelligence that the news of the Revo-
lution in France has created a great sensation in almost
every state in Europe.
The arrival of the Clyde steamer at Southampton, with
the West India mails, brings no account of improvement
in the state of affairs in the colonies. The account of the
state of the progress of the sugar crop is certainly not
unfavourable; but the depressed state of the home mar-
kets holds out no inducement to excite energy in the
manue- ' ' • ' -b1

_.a.cture ; it is highly probable, therefore,-that the
aggregate production will fall short of that of last season.
Commercial matters had not in any shape improved,
the whole of the colonies having severely felt the effects
of the stoppage of the West India Bank. The only
ameliorating circumstance mentioned is the very low price
of provisions in some of the islands, which renders the
pressure of discredit less severe on the labouring classes.

LONDON CORN MARKET,

,-YESTERDAY

The market to-day was but scantily supplied with English
Wheat; which met a brisk sale at fully the currency of this day
week, and an advance of ls. per quarter was realised on prime
selected samples. We had a good attendance of buyers from
the country, who purchased more freely of foreign, which was
generally the turn dearer. •
Barrel Flour remains as last noted.

Indian Corn on the spot is Is. per quarter more money, and.
in good request, with increased inquiry for floating cargoes of
good quality, near at hand.

Choice Chevalier Barley was scarce and steady in value, but
secondary sorts difficult of sale, without yielding in price.
In Malt, Beans, and*Peas there is no alteration.
The supply of Oats being more moderate, an advance of 6d.
per quarter was generally demanded, but this checked business
and could not be established, and only a moderate extent of
business at forma* rates can be reported.

MONEY MARKET-

-YESTERDAY

The Consol market has fluctuated one-half per cent., the
extreme prices being 82A and 2. and are new_lAuverskstAime.
Considerable amounts of money stock have been again pur-
chased by the public, and a farther advance in the price has-
only been prevented by the " bears " still resting with some
degree of confidence on the chapter of accidents that some
event will turn up in their favour. The price for money has

0(.11.11, VA...CUM I uui. IL 1110 ueen luny tne turn IJI
the market higher on the average than for the account. It is
clearly understood that the jobbers have had for several days
past to borrow stock for delivery from the bankers. The Three
per Cents. Reduced have been done from 82i1t0 Z 1 the Three.'
and-a-Quarter per Cents. 834, Bank Stock. 194. The advertised
Exchequer-bills have advanced to 25 30, the June bills 25 29,
and India Bonds to 5 pm.

A REALLY NEW SCHEME OF TAXATION

It has been a tedious task, which we have had to en-
counter during the past few weeks, to read through the
host of pamphlets which have issued from the press,. sug-
gesting
eenvueer.y sortw of remedy for the failing condition of
of taxation ; to save us the cost of a coast guard and
a new idea—a plan, in fact, which. is to supersede customs,
revenue cruisers, and to reduce,
ete cost of collecting the revenue. We don't know
by two millions and a
elwokixfiahnclefidsiher, ultimately, it might not save us the expense of
keeping a Chancellor of the Exchequer.
The plan in question, which is proposed by Mr. John
Revans, who informs us that he served for some years as
secretary to the Irish Poor Law Commission, is simply
this :—Mr. Revans would sweep away at once our present
system ; leave us neither excise nor anything else, and
its
income, the revenue of the country by a tax, not upon
income, but upon the domestic exvenditure of each indi-
vidual or
_Amity. There would be no difficulty, as in the
case of the income tax, on the score of unpleasant disclo-
sures of private matters. Every man could declare his
expenditure without difficulty, as, if it were small, he
would get the credit of being either a clever manager or
a frugal person ; and if it were large, the world would
take for granted that he was better off than had been
supposed ! We are not informed, however, how the plan
would affect that class of persons who contrive to main-
tain a large expenditure upon no ostensible means at all,
or the very numerous class who have to tell little white
lies upon the subject of the cost of their living to penu-
rious old uncles and aunts, from whom they have expec-
tancies.

Of course, at the end of every year the officers appointed
to carry out the system will have to make returns to
government of the expenditure of their districts ; and from
the gross amount, which will vary very much, the Chan-
cellor of the Exchequer will make his calculation as to
how much per cent. he can do with. Thus, suppose the
expenditure of the kingdom is returned to him at
£500,00,0,009 for theyear. and he wants £52,000,000, he

may as

be on tne saie siae ; ana we shall all immediately nave
orders to prepare that amount, which, by the way, we are
very considerately allowed to pay by monthly instalments!
We may add that, to save unnecessary exposure of details,
for example, the disclosing of such items as " new hori-

zontal grand for Caroline," or " paid Master John's losses
on the Derby,"—it is only expected that each party
should return himself as having expended " not exceeding
4100," and so on. -Of course strict honesty nay be de-
pended upon !

Our readers, we fear, will suspect we are hoaxing them.
We are not doing anything of the kind. The sage pro-
positions noticed are contained in a pamphlet just now
before us, bearing the imprint, " London : John Hatchard
and Son, 187, Piccadilly." Its price is a shilling, and it
is cheap at the money as a curiosity.

DEATH BY FALLING OVERBOARD
while the steatn-th&

On Saturday
thrA

March 7, 1848.

COURT OF BANKRUPTCY.-YESTERDAY.

W. J. HAMMOND'S INSOLVENCY.
This insolvent, the well-known comedian, appeared
yesterday at the Court of Bankruptcy, before Mr. Com-
missioner Perry, on an application for protection from
arrest.

Mr. DODGE, on the part of the insolvent, said that none
of the creditors now opposed the application, though
previously some of them had done so.
The insolvent replied that he bad been five days in
custody.

His HONOR, in adjudicating in the case, said that, when
it was last before him, he did not consider himself war.
ranted in granting a final order to the insolvent, not in
consequence of there being anything fraudulent on the
face of the insolvent's conduct—and it was, perhaps, only
fair that he should now state that, before entering upon
the decision which he was about to give—but in conse-
quence of the insolvent contracting debts without a fair
and reasonable prospect of being able to meet them.
Every one knew that the profession in which Mr. Ham-
mond was engaged was subject to considerable reverses,
still he seemed to have contracted debts to a very large
amount. Whether he was induced to do so in conse-
quence of residing in the town of Liverpool, and so
thought himself justified in doing so, he (the Commis-
sioner) was not prepared to say. Having regard to the
time which had elapsed since the insolvent was before
him, and to the absence of any opposition on the present
occasion, he considered he was fully warranted in giving
the insolvent the benefit of the act.
The insolvent's protection was then granted.