The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1835-03-10 00:00:00

THE LIVERPOOL STANDARD.

THE COURT.

On Thursday a drawing-.room was held at St, James's Palace,
in honour of her Majesty's birth-day. This is only the nominal
'anniversary, her Majesty having been born on ihe 13th of,
lAugust, on the next return of,whieli day she will complete her
1434.1 ear. The Duchess of Kent and the Princess Victoria, the
Duke of Cumberland, the Princess .Atigusta, the Landgravine
id Hesse Homberg, and the Lord Chancellor, game it) State.
Countess Mayo, peerees in waiting, Dowager Duchess of Leeds,
'the Mistress of the Robes, Lord Howe, LordDenhigh, and the
•Gentlemen Ushers, ,were in attendance. There were no pre-
sentationS, 'which accounts for the absence of the Viscountess
Canterbury and the Lady Mayoress.
• .The following are a few of the dresses of the female nobility:
—Her Majesty,:—Dress of rich White satin ; the body, sleeves,
:and front of the skirt spendidly ornamented with diamonds and
point lace ; train of • violet velvet, lined, with white;satin, and
trimmed with ermine (the dress of Elitist), and the train of Irish
manufacture).' Head-dress, feathers, and a diamond diadem,
!necklace, and ear-rings.
H. R. H. the Duchess of Kent—Dress of white oet, over
rich white satin ; the body, sleeves, and front of skirt snperbly.
,ornamented with pearls intermixed with diamonds ; train ,ol
Royhl Stuart plaid velvet, lined with white satin, and trimmed
tocorresponct (the dress of English, and the tra n of Scottish
manufacture), Head-dress,,feathers and diamonds.
H. R. H. Princess 'Victoria—Au elegant English blond dress,
over rich white satin; the body, sleeves, and front of the skin
tastefully ornamented with pearls and blend. Head-dress, pearls
and diale.oiads
Her-Royal !Highness the Laridgravine of Hesse Homberg
'—A magnificent dress of blond, a collonne, over white satin;
corsage and sleeves superbly trimmed with blond; train of rich
'white figured satin, 'handsomely trimmed with blond Inc.
Ornaments, feathers, diamonds; and blon&iappets.
The Duchess of Gordon—Train ,of royal tartan vet% et,
trimmed with minever fur, petticoat of white satin, with ti .m-
-ming of minever, clasped down with diamonds blond, man ilia
and sabots. •
The 'Duchess of Northumberland—A splendid figured white
satin dress, with a deep flounce of laceAntermixed with riband:
train and bodice of very rich Irish,velyet, ceruse colour, with ,a
magnificent trimming of ermine, and lined with satin;' mantilla
and sabots hlpoitit•lace. • "fiara, cross, necklace; and ear-rings,
of superb diamonds, with ostrich plume and point lappets.. . •
Most Noble Marchioness of Salisbury-''rain of rich velours
grenat, trimmed with gold lama; dress of rich white satin em-
broidered gold lama; cherusse and. sabots .blond. Plume
of feathers, lappets, and brilliants. .
Most Noble Marchioness of Londonderry—Train of rich
. white blond de Chantilly over sky-blue satin;_ dress et', rich
white blond de Chantilly, to correspond with the train; blond
mantilla and sabots. Plume of—feathers,- bland lappets, and
brilliants. . •

FREE TRADE, AND ITS EFFECTS ON THE

CURRENCY.

'(From a Correspondent.)

. _
The low 'priee's of agricultural produce and other articles
have been ascribed, for some time past, to the effects of what is
called Peel's Currency bill: The writer admits that this
Which obliges the issuer of bank notes to ,pay in gold to the
holder of them the amount in value of what they represent, has
reduced, to a certain extent, the circulation of the country, and,
that its effects were severely felt at the time of returning from
an uncontrolled paper currency, not restricted by any principle
whateimr, to a metallic currencv.. 'He contends, however, chat
having once returned to a sound, metallic currency, and having
got'over the difficulties and distresses arising from the obtain-
ing a supply of gold to replace the small notes withdrawn from,
Circulation, the consequences of Peel's bill have not had that
great effect in lowering'prices ascribed to it. In considering this
question the writer has to call the attentioa of the public to the
situation of the country' respecting its currency in 1829, being
four years after Peel's bill was in operation, for until the small
mites were withdrawn in 1825 it had not received a fair trial.
It is well known thaethere was little if any gold currency in
1825, but that in 1829 Great Britain had obtained, in the short
space of foui.years, a supply of gold to give her a much larger
circulation than she has at present, besides a reserve in the
Bank of England greater by three .or four millions than the
quantity that establishment: now holds.. That Great. Britain
obtained this large supply of gold by exporting more goods than
she imported is quite evident. It is equally clear that the
minished stock of gold'at present in the country arises from a
greater importation of "goods than the quantity exported,. bul-
lion having been sent abroad to pay for the, excess of imports
over exports. The limited quantity of gold in the united king-
dom; vrhere it is now the standard of value, must of necessity
ha'e reduced the circulation, of paper. This reduction of the
circulation, and the consequent lowering of prices, have not
arisen so much from Peel's currency bill as from free trade, or
what is so called, one of the effects of'which has been to drain
Great Britain of ten Id fifteen millions of gold, or probably a
much greater quantity, to pay for an excess of. imports from fo-
reign countries since 1829, thereby enhancing-the value of the
Circulation, redueing prices; and causing the taxation to be
more sevei ely rev. The writer is satisfied- that 'the only relief
to the contary:arid its agricultural interests is to be found in
taxing all foreign imports higher than at present.. Let the free
trade sy§tem be reconsiflered, with its effects an the currency of
the country; its debt, and ultimately on its manyfa,ctures, and
he is persuaded it willbe found that Great Britain, for two years
past, -has been living on her capital in place of restricting her
expenditure to.l.er income. Ile' feels assured that such a sys-
tem of regulation and taxation On foreign goods may be effected
as Would enable his Majesty's ministers to relieve the
,country
Of the assessed taxes, which would be a greater boon to the coin-
inanity at large, than a partial remission of the malt. tax, while
the high prices arising from' he influx of, gold, and the conse-
quent reduction in value of money; would benefit the landed in-
terest to a much larger extent than its total abolition.