The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1833-01-25 00:00:00

CORRESPON

THE CURRE

TO THE EDITOR OF THE LIV.
Szit,-1 now return to the consider
Jett of our currency, with a referen
stated.

Notwithstanding the expense cons
Which country bankers are now unds
able supply of gold beside them, fo
their broken payments under five you
notes for larger sums when so req
Proved beneficial to themselves, and
Dues have been kept on a more lim
Ws of monied men have been incr
country is protected by abundant sui
and the sound state of our currency, I
creation of artificial capital, and of
enterprise, to which it was wont to
had every thing to gain and but littl
things, with our trade and commer
steady channel, generally productive
iir°fit, wild undertakings, such as mi
in other times of delusive. prosperity,
both merchant and manufacturer req
the shape of loan or discounts; mon
Pleutiful, and in supply beyond demi
discount rates of interest have been I
sent not exceeding three per cent., a
ever; lower.

These details are not likely to affo
litany of your readers who may take th
but I consider them necessary to elucid
the opinions I entertain on the sub
founded: that they are facts, will not,
I now come to the changes that a
tency. Such as I have seen propose
terms more or less obscure and unde
iteen able to understand them, the lead
a desire to restore the power to issue
two Pounds; next, to increase the nun
stock banking companies, and to rem(
e now subject to. There seem to b*
length of depreciating our currency, b
our gold and silver coin, under a mist
dishonest one) that they would in that
Ts!ne of productive labour. They see:
reign should retain its present value,
tl,t/ of gold; thus, if reduced one Sour
,
"- would be enabled to pay it with
which his debt was contracted ! There
as the price of everything would there
4-` 'llion to the depreciation. This print
hot by a very few, as applicable to the
'tat of an equitable adjustment, fixes
Pond with the original contract price:
seem to forget, that at the time when the
as contracted, the low prices at whit
"ere the consequence of the extremely I
Zedit; and therefore that the risk to ti
1,18 annuity was considered to be in I
i eat the war in which we were engage,
vicissitudes, terminated favourably
elders; but we all know it might have
b
k"Lie can have no right to avail them:
'4l3ge the solemn engagements then
creditors, even had the same parties co
satiation, which in few instances only c
Se. If illustration is required, look
Portugal loans, where the prices are loy
..,
the credit of the borrowers, and to
Meat,

As regards the increase of chartered o
0111 Y impediment understood to be in
charter, which will soon expire; it is th
legislature will, by its enactments, enc
such banks as
will afford increased se
their money transactions, and therefore
the small banking concerns that now
quarter of the country; but as such ban]
gua.rded and tenacious in their issues, a
which they may be disposed to lend their
iS transferred to these channels of in
safety, it will be more likely to narrow
sent paper circulation.
The only change, then, that seems to
stood, as requiring more particular obsc
Proposes to restore the circulation of smal
been hardy enough even to hint at th
eash payments, though various schemes
broached to cover issues of notes under d
hat none with sufficient shape and subst
tleia.tion : were it otherwise, I should e
t4eY are uncalled for, and would not avail
tak
e a an interest in them. I therefore rt
• 4Peetations of those who advocate rerun
;
These parties profess to do so on the
14e money more abundant; that, in I
to cep the value of all the fruits of produc
044 Of labour itself, would increase in thi
h.hee of employment would thus be affc
Ntled by all the working classes, whose
coeteased; and that, with these changes, g,
ps,
gtentment would be restored ! I thin]
:41tY in showing that this is altogether
-ech results would not be produced, we
Practicable which I do not hesitate to cm
4 IQ the period when the issue of paper n
~!tes in particular, became so general an
,rrehey had been withdrawn and applies
i,sl° the Purposes and in the manner I hal,
"Y way possible to recover the gold sc
ttgainents terminated ; when they d
tram.auleas of payments iu our favour, ari
ice) to be received in the precious metal
-ceesarily and unavoidably dependent o
kra, the gold and silver was in this many.
Iv
t}:.111 into circulation, and took the place
hlllß k it
%lit:table oenvei
Ny
ltd can only be employed in this mane
alust be kept in mind, that thi
Nei also
evident ntfotlloo
we every
do one,
that th
the :Its metals is the fruits of national pr
toho.4ollrable state of our foreign trade;
the propose to restore the small note curre
ThetlaPer circulation, by what means the
14tioe is now an ample supply of the prec
to b 11, and found to be sufficient for every ]
i! introduced, they must displace the m
this are to be payable in it at the will c
cA '0 be effected without such currency,
their object? But supposing that they
wille With the gold now in circulation, wl
tetnt are the inducements expected tp int
t4;"'n their payments in paper, rather tt
bye? The gold cannot be exported
Obye we have, from the relative state of
ceive, in place of having payments to t
lePPosed that the Bank of England, pri

HE SEAT OF KING LEOPOLD.—Within the
)rrespondent informs us, a number of work-
artists have been employed in putting Clare-
f his Majesty the King of Belgium, into
urning Chronicle.

rTil COMMAND.—Great diversity off opinion
o is to succeed the late gallant Sir Thomas
miral of Portsmouth ; the fullest expectation
it Sir Harry Neale would have had the ap-
!port now says that the Admiralty would not
gave up his seat for Lymington, for which
w member. Sir Harry declines to give up
equently gives up the lucrative and honoura-
mmand at this port. Next it is said to have
r W. Hargood, and the strife of interest nose
P. Durham, Lord Amelius Beauclerc, and
Lague. One of the two;former will most pro-
° think the chance is in favour of the gallant
ison, Defiance, and Venerable.—Hampshird

tNGE PEEL ON THE FOOT PAVEMENT.-00
est was held at St. George's Hospital, on the
ge Buxton, aged 32. The deceased, who was
tall man, was a tailor, residing at 10, Queen-
On Tuesday week he was walking with
nfortunately trod upon a piece of orange-peel
. In falling, the inside of his right thumb
sharp stone, and the nerve was completely
'ound was dressed, and no dangerous conse-
ticipated ; but on the Wednesday following
sta an abscess having formed in the wound,
7 came on. When the unfortunate man was
ital a medical gentleman attempted to admi-
tine, and he had just succeeded in getting his
the deceased was siezed with the most vio-
and in this dreadful state he expired. Ver-
t death."

ACCIDENT FROM DRUNKENNESS.—OR SOW'
o very melancholy occurrence took place at
of Culeross. John Malcolm, a labourer,
been drinking during a part of the night,
n-home till about two o'clock in the morning•
at while kindling the fire, the wife's clothes
ame, and that neither had been able to afford
appy woman was found next morning burnt
fllewhat singular, that both were among the
the Temperance Society of Torryburn.---•

:ETLAND ELECTION.—The result of the contest
lion of this stewartry is, that Mr. Traill has
y.a majority of eleven votes. At the close of
l in Orkney, Mr. S. Laing had a majority of
second day, was brought down to 31. Thurs-
, when the proclamation of the result would.
have been made, the poll books from Zetland
: Kirkwall, the county town; and the Sheriff
returning officer, was thus placed in an awk-
-3y the terms of the act, the Sheriff is required
irn on the next day but one after the close of
this instance happened on Tuesday se'nnight,
Mr. Laing and his friends concluded that the
to return him as member, without waiting
ooks. This, however, the Sheriff-Substitute
d intimated that he had received a communi-
ord Advocate, that he ought not to make the
is in possession of the poll-books from all the
.he stewartry. On this, Mr. Laing protested
l's conduct; and holding himself duly elected,
partizans as the member. Forthwith he was
thant car, which had been constructed of wood,
tney, and dragged through the street of the
clat by a long tail in his interest. But to !
,d from Zetland with the poll books from that
rge majority there in favour of Mr. Traill;
.1 casting up of votes, Mr. Traill was found to
:andidate ; and thus the cup has been dashed
;t in the moment of anticipated enjoyment,
a from the brow in the very climax of exulta-
I dangerous to halloo before getting out of the
be no doubt that Mr. Traill will keep his
have not yet heard of his chairing. There 15
the clause of the statute as to the election
the rational construction of it in connection
is of the act, is, that the sheriff must be ill
he polling books of his shire, and open the
au be in a competent position to make the
have no doubt, will be the interpretation by
imons if Mr. Laing shall petition against the
riff-Substitute is placed in a very awkward
his superior in office, we are informed, gave
irders to make the return on Thursday last,
ad books had arrived or not, and the Lord
ions were of a tenor the very reverse.--.
r.

E DRAMA.—The proprietors of the Adelphi
ye applied, or are about to apply, for an ex'
It is said in the dramatic circles that the
ire, upon the principle of equality and " fait
grant the same extension of license to Ma'
which has already been conceded to Mr.
:vote' as it is now performing at the Adelphi,
ful drama produced at that Theatre since it
ession of Mathews and Yates. The nightly
last fortnight have, we understand, exceeded
the same period, the once popular burletto
—The very amusing drama, entitled P. Q.,
the Olympic, is written by one of the authors
iddresses.—An Eisteddvod will be held in
y, under the patronage of the Cambrian
nth occasion Lord Kenyon will preside.---
vanizi cannot be brought out at Dury-lane
aruary, owing to the provincial engagemelits
4.—Kenney has written an opera for Drury-
:lude all the vocal strength of the company
by Bishop.—Neukomm is composing a new
;rand Festival which is to take place at Bit'
iutumn.—Letters from Naples mention the
)zzari, one of the most celebrated vocal per"
appeared at Milan, from thence he went to
ang for some years at the theatre San Carlos,
ne of above 100,000 ducats.—Miss Kelly hag
rroin the Lord Chamberlain for her mono-
sees in the Strand, but it extends no further, ,
ishire having decidedly refused his sanetiol
bling regular theatrical entertainments, rarzi
riginal plan.—Mr. Arnold's New English
ie up and ready for performance at latest ill
ist of his theatre will not exceed £20,000.
new play is to be called the Wife, or a Tale
ry is pure invention, and the interest through'
in the hero and heroine. It will !le ready to,
it before Easter, as only a small portion re'
l
.ed by the author. The characters are numerl
busy.—Mr. Kean was to have terminated his,
Saturday night at Grantham; on Monday he
engagement at Drury-lane, which does of
3t March.—Mr. Macready will proceed tO
in March, for the purpose of fulfilling ar(
—The English company of comedians is stilt
houses but ill calculated to raise either "thi
tation. They are, however, about to get nil
he " Manager's last kick I"—The new fel
)rury-lane, called the Nervous Man, is frog.
Ir. Bernard. Power has an excellent Irish
iervous hero will be in the hands of Farrell
we understand, engaged all the Corps (I"
1 Opera House to dance at Covent-garde

I.EPHANT-MDLLE. DUECK.-011 the 26th
itely seen at the Cirque Olympique, wer
idiere, in the department of the Loire, i 1
lishmen acted as leaders to these animal,
marched them off co La Palisse, a smal
!agues of that village. The owner havir.:
ot one of these elephants, named d'Jeck, tht
ill-humour against one of the other lead
it some days before, warned him of la
nded him not to accompany the caravan.--
not attend to, but on the contrary, affectti
than usual towards the beast. They hal,
ravelled a league when the elephant, stui
rho wished to force it on, turned rouni,
h his trunk, and lifting him off his hors,
et above its head. The unfortunate leadv,
roken by the fall, was unable to escape, a:d
hold of him a second time, threw him inp
.d him under its feet. The infuriated aii

Is a carman, who was journeying alongt
I pitched him into a field. The Poor rod
' with a few slight bruises ; but his hoil
ild have probably added to the confusiq
pset in a ditch along the road, where tb
op. All these misfortunes would have bei
thers, had not the horses of the Paris 10
lasing by at the moment, stopped in
.0
leader, at the risk of his life succeeded
it the elephant. The unfortunate Engli
`ci St. Martin d'Etreaux, where he expi

g tu