The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-02-29 00:00:00

SPECIAL NOTICI

POLICIES effected on o 2 011;eforf1stIiIA11CH next, will secure
the advantages of a full year's standing over those effected
thereafter, and of a VESTED ADDITION at the allocation of
Profits in March, 1853, equivalent to SIX years' Bonus.

[INCORPORATED BY ACT OF PARLIAMENT.]
S COTTISH EQUITABLE (MUTUAL) LIFE
ASSURANCE SOCIETY.

EDINBURGH
LONDON

26, ST. ANDREW-SQUARE
61, MOOROATE-STREET.

ORDINARY DIRECTORS.
William Stuart Walker, of Howland, Esq., Advocate.
John Hutton, Esq., Merchant, Leith.
David J. Thompson, Esq., Merchant, Edinburgh,
James Ross, Esq , Solicitor, Supreme Courts.
Thomas Scott Anderson, Esq., W.S.
Henry Maitland, Esq., Wine Merchant.
Robert Chambers, Esq., Publisher.
Robert Robertson Glasgow, of Montgreenan, Esq., Advocate.
George Ross, jun., Esq., Advocate.
Thomas Constable, Esq., Printer.
John Whitefoord Mackenzie, Esq.. W.S.
Robert Laurie, Esq., Master of the Merchant Company, Leith

LOCAL BOARD OF DIRECTORS FOR LIVERPOOL.
CHAIRMAN.

Thomas Chilton, Esq.
DIRECTORS.
I William Oxley, Esq.
1 Hilton Halhead, Esq,

Thomas Martin, Esq
David Cannon, Esq.

MEDICAL REFEREE.
James Petrie, Esq., M.D.
AGENT.
WILLIAM OXLEY, 3, Rumford-place,

VIEW of the Progress of the Society down to the Ist March,

Amount ) Annual i Accumulated
i Assured. I Revenue. I Fund.

At Ist March, 18.15
Do. 1838
Do. 1841
Do. 1844
Do. 1847 2,763,381 99,270 400,503

This being a MUTUAL ASSURANCE SOCIETY, the Profits
are not, as in Proprietary Companies,. divided between the
Partners and the Assured. The WHOL belong to the Policy
Holders. It is, therefore, impossible for any Assurance Office
to give greater advantages to Assurers than this Society affords.
At the ANNUAL GENERAL MEETING, held on the 4th
May last, after reservingupwards of THIRTY-SI X TH OUSAND
POLY N-1143-lbr future division; a Vested Donne-of-TWO per Cent.
per annum, to all Policies of two years' standing, was declared,
not only on the Sums originally Assured, but also on the
additions previously made to them. Thus Policies of .t-'lOOO
effected before Ist March, 1832, will, if they become claims after
Ist March next, receive an addition of FOUR HUNDRED
AND TWO POUNDS, being upwards of FORTY PER CENT.
thereon ; and other Policies will also receive in proportion to
their duration.

The next Triennial Allocation of Profits takes place at Ist
March, 1850, when all Policies of five years' endurance will
receive additions. Policies opened on or before Ist March itc.rt,
will, at Ist March, 1853, be edified to Vested Additions cor-
responding to the number of Annual Premiums which nave then
been made, orhave become due.

The Antival Revenue now exceeds ONE HUNDRED AND
SEVBN THOUSAND POUNDS.
ROBERT CHRISTIE. Manager.
ROBERT GIBSON, Secretary.

AGENTS.
LIVERPOOL—WILLIAM OXLEY, 3, Rumford-place
Manchester—Anderson and Thorburn, Merchants.
Oldham—Samuel Oliver, Primrose-mount.
Bury—William M‘Lean, Draper.
Blackburn—George Johnston and Son, Drapers.
Chorley—Alexander Bannerman, Land Agent.
Preston—James Winder, Solicitor.
Lancaster—L. Sanderson, Castle-hill.

BRITISH COMMERCIAL LIFE INSURANCE
COMPANY.
No. 35, CORNHILL, LONDON.
ESTABLISHED-1600. CAPITAL—X6OO,OOO.
Insurances, without profits, at the lowest rates of premium
consistent with the security of the Assurers. On the participa-
tion scale, Three-fourths of the Profits divided among the In-
surers, every Seven Years ; the last two Bonuses averaged
Os. lld. per Cent. on the Premiums paid. ,
On Insurances for the whole of Life, only One-half of the
Premiums are required to be paid for the first Seven Years ;
the other half allowed to remain as a Loan on the Policy if
desired.
Premiums may be paid Half-yearly, or Yearly, as preferred.
Tables of Rates, and all information given, on application at
the Office. _

AGENTS.
Liverpool—Messrs. SIIORTHOUSE and HADDEN,DaIe-street.
Lancaster—Mr. Thomas Rawsthorne.
Manchester—Mr. C. H. Cope, 28, Princess-street.
Preston—Messrs. Lodge and Harris, Solicitors.
Warrington—Mr. John Platt.
Bury—Mr. W. P. Woodcock, Solicitor.
Coine—Mr. Hargreaves Hudson.
Stockport—Mr. James Dakin, Solicitor.
Chester—Mr. James Blelock.
Llandillo—!ilr. Benjamin Morgan.
Newcastle-upon-Tyne—Mr. William Forster, Solicitor.

NOTICE IS HEREBY GIVEN, that the Boards
of Management of the GREAT BRITAIN MUTUAL
LIFE ASSURANCE SOCIETY, and that of the INDIA AND
LONDON LIFE ASSURANCE COMPANY, are united ; and
that henceforth the business of both will be transacted at the
Office of the GREAT BRITAIN MUTUAL LIFE ASSURANCE
SOCIETY, 14, WATERLOO-PLACE. Proposals for Assurance,
and other communications, will likewise be received at No. 17,
CoaNitILL, the present Office of the INDIA AND LONDON
COM PA NY.

GREAT BRITAIN MUTUAL LIFE ASSURANCE
SOCIETY. AND INDIA AND LONDON LIFE
ASSURANCE COWAN Y,
14, WATERLOO-PLACE, AND 17, CORNIJILL, CITY.

street, Grosvenor-place, London, Chairman.
Richard Hartley Kennedy, Esq., (late Physician General, Bom-
bay,) Deputy Chairman of the Oriental Bank, Resington
Lodge, Notting Hill, Deputy Chairman.
William Morley, Esq., Blackheath, Dept*ly-Chairman.
Henry Stroud Barber, Esq., 36, Fenclittrch-street, and Wan-

stead, Essex. "
Francis Brodigan, Esq., Garden-court, Temple.
James William Deacon, Esq., Walbrook, and Southwick-place,

Hyde Park-square.
Harry George Gordon, Esq., 58, Porehester-terrace, Chairman

of the Oriental Bank. -
Henry Allan Harrison, Esq., St. Leonard's-on-Sea, Sussex,
Director of the Oriental Bank.
Alexander Robert Irvine, Esq., 14, Waterloo-place, Managing
Director.
John Inglis Jerdeiu, Esq., Upper Gronnd-street, Blackfriars.
Frederick Jones, Esq., Old-square, Lincoln's Inn.
James John Kinloch, Esq., Kair, Kincardineshire, and Gin-

cester-road, Hyde Park Oardeni.
Henry Lawson, Esq., Fortess Terrace, Kentish Town.
Robert Francis Power, Esq., M.D., Queen-street, May-fair.
Archibald •Spens, Esq., Bombay Civil Service, Manor House
Inveresk, N.B.

GREAT BRITAIN MUTUAL LIFE ASSURANCE SOCIETY.
This Society is established upon the most approved princi-
ples of the Mutual System, and allows credit for half the amount
of the first five Annual Premiums.
The first division of profits will be in the year 1849.
Proposals of every description entertained involving the con-
tingency of human life.

INDIA AND LONDON LIFE ASSURANCE COMPANY.
CAPITAL, £250,000, IN 5000 AIIARES OF £5O EACH.
This Company assures thelives of healthy persons in any part
of the world, at as low rates of premium as can be taken eon-

sistently with

?effect security, whilst

of the assured, a Half-Premium Table (No. 2) nas ueen con-
structed on a plan peculiar to this Office, and affording greater
advantages to parties assuring for short periods, with the option
of continuing for the remainder of life.
Alto invalid lives, whether afflicted with mental or bodily
infirmities.
And lives of Naval and Military Officers and Civilians in

in any of the Colonies, or other parts of the worts.
Annuities granted, and endowments for widows and children.
A. It. IRVINE, Manager, 14, Waterloo-place.
AGENTS Fon LIVERTOOL
Mr. N. J. ANDERSON, 10, Chapel-street.
Messrs. IRLAM and FLETCHER, Solicitors,
Mr. EDWARD EYES, Jun., Surveyor,

SUNDAY'S GALE.—Great fears having been entertained
for the safety of the packet ship Jamestown, Capt. Trask,
which sailed hence to New York on Saturday, the 26th
instant, a few hours previous to the late gale of wind, we
are glad to have it in our power to say that the ship was
all right on Sunday morning at eight o'clock, being then
between Point Lynas and the Skerrit,s, with the wind
S. S. W., and the ship under close-reefed topsails.
GAME AND POULTRY.—Those wanting good and cheap
poultry should visit Mr. Johnson, of Queen-square.

•
FRENCH PLANTS.—In order to ensure the excellence
and healthiness of the plants advertised in our paper to-
day, by Messrrs. Martin and Co., the importer has now
offered them on terms most equitable. viz., that he will
not ask payment until they are thoroughly proved by
flowering, &c. This is paving a way for his return next
yew:.

NEW LECTURE BY MR. BUCKINGHAM.—Oar readers
will perceive, by an advertisement in this day's paper,
that Mr. Buckingham proposes to deliver a public lecture
in the Concert-hall, Lord Nelson-street, on Thursday
next, on the follo wing interesting and important subjects :
" Unjust Taxation," " A New Budget," " Fewer Hours
of Toil," and " Lighter Burdens for the Masses." At
the present moment these are topics that affect the vvel-
fare of all classes, and deserve, therefore, the serious
attention of all who can find leisure to attend.

GENERAL TRADE REPORT.

LIVERPOOL EXCHANGE, YESTERDAY,

The financial and commercial affairs of the country
become daily more involved in uncertainty, and transac-
tions in nearly every branch of trade more limited in ex-
tent. The public mind had scarcely recovered from the
shock inflicted by the British Premier, wheq it was
astounded by the unprecedentedly rapid revulsion of

affairs which has taken place in France. It will be seen
from our quotations below, that the funds have suffered a
fearful decline ; and until further information arrives
from the scene of action, and a more definite judgment
can be formed of the probable result of this most unto-
ward event for the peace of Europe, we may expect a
continued depression to prevail. We need ecarcely add,
that this all-absorbing topic was the prevailing subject of
conversation on 'Change yesterday, and that various spe-
culations were hazarded, which at present it would be
premature to enlarge upon. The Stock Exchange pre-
sents a gloomy appearance. Three firms are reported as

being in difficulties

The SHARE MARKET on Wednesday opened more
briskly, and good hopes were entertained that better days
and prices were at hand. The meetings of the large
-the Midland, the York and North Midland,
the York and Berwick, had given the public, generally,
satisfaction, and the unsettled state of French politics

alone prevented a considerable rise ; an advance did take
place, and some not inconsiderable purchases on specula-
tion were made on Wednesday. Thursday, or the evening

of the latter day, the news reached here of the stoppage
of the reform dinner ; this made men hesitate, some more
timid than others, " got out" of their purchases with a
small loss. The news of the deposition of the French
king, the destruction of the Palace Royal, &c., reached
London at half-past five on Friday ; a great excitement was
apparent immediately in the neighbourhood of the Stock
Exchange—the leading brokers had gone for the day, but
those in town met with several jobbers, and all shares were
offered at very considerably lower prices that those th(
morning. The funds fell from 881 to 85i. Par anct
Lyons from 4 dis. to 7 dis. French Northerns fror 30s

p.m. to 30 dis. Intelligence of a progressive movement
having been received from Paris, during Friday night,
the fall in prices continued on Saturday. London Stock,
which was on Friday 146, fell to 139. Midland from 115
to 108; Consols, from 881 to 831; and the smaller shares,
in which speculators had dealt largely, were nearly un-
saleable. In our market on the morning of Saturday,
very little business was done, and this at lower prices ;
but on the receipt of the telegraph from London at 2 pm.,
the panic commenced here. London Stock fell from the
morning quotation 143 to 145, to 140 ; the One-fourths
from 5 pm. to 4 pm., and all shares were offer.'d at very
low prices. A special meeting of the Stock Ex-
change was held to afford facilities to sellers of Stock,
but only four quatations were made. YESTER-
DAY, prices were still lower, and we regret to state
that two failures were spoken of, and hardly any
business was transacted. Sellers did not appear to press
stock at the ruinous prices marked, but seemed rather to
desire to hold for a few days, till more certain intelligence
from the continent. The following were the quotations
at the AFTERNOON MEETING OF YESTERDAY :—Dover
shares, 3 dis. ; London 4 -shares, 31 prem. ; Leeds 3rds, 31
' dis.• Cheshire Junctions,64dis. 131 to 133 was offered for
London Stock ; Midland Stock was asked for at very low
prices. A somewhat better tone was given to the market
than at the morning meeting, from the prices by telegraph
up to noon; in London ; bad as they were, not being so
had as many feared. Consols, 81, I, 81, 82, 3,2; Lon-
don Stock, 135, 138 ; Midland, 105 ; North Staffords, 81,
91; Old Dovers, 27.

The COLONIAL MARKETS present a more lively appear-
ance. The sales yesterday wereabout 500 hhds. The grocers
have taken 400 hhds. Barbadoes, at very stiff rates. The
sale of foreign sugar went off well. Molasses are in good
t quest, and little offering. For rum there is a good in-
quiry, and holders will not sell unless at an advance on
previous prices. Demerara, 10 per cent. over proof,
fetched 2s. 3d. per gallon, and 34 per cents. 3s. 3d. The
demand for coffee is not so active. Tea continues very
quiet; the dealers still purchase very cautiously. The
Dyewood Market is rather better. Campeachy Logwood
is in fine request, both for home use and exportation.
For saltpetre many buyers are to be met with. Several
parcels have been withdrawn. The owners decline to sell
in the present state of things. 1000 bags have been
placed, at an advance of Is. per cwt.—ln London,
the week, transactions have been on a small scale, but prices
have generally been supported, although in the case of
coffee a reduction has taken place. The sugar market
has shown signs of firmness, and nearly all that has been
put forward by the importers has been taken by the trade
at previous prices, and sometimes at an advance of 6d. per
owt. Tea market firm, but not active. The termination
of the indigo sales showed that the very large quantity
of 8700 chests had been sold, of a total of 10,130 chests
brought forward.
We have very little business to report in Corrort, and,
all things considered, it would be matter of surprise if
we had. The demand, YESTERDAY, has been only to the
extent of 2,500 bales, at id. below the prices of Friday
last, with an uneven market. Holders are willing sellers,
but there is no forcing sales, as our market would not
bear it : we should soon be nowhere as regards prices.
The business done in FOREIGN WOOL during the past
week has been on a very extensive scale, chiefly in
Mogador, Buenos Ayres, and Turkey, but there is not any
advance in price to notice. Imnorts for the week :
Foreign.—Monte Video, 155, Venice. 50, previously,
14,528; total, 14,733. Scotch, 451, previously, 1,685 ;
total, 2,139.

Th. market for Scotch Pig IRON was firm in the earlier
part of the week at our previous quotations, the news
from France has, however, operated unfavourably upon
prices, which have somewhat receded, and may be quoted
up to last night—delivered in Glasgow—No. 1,51 s. 6d. ;
Mixed Nos., 50s. ; No. 3,495.

Since the reports of the CORN TRADE, up to Friday,
which appear in another column, we have no change to
notice in the prices of any article of the trade in Liver-
pool. In fact, up to last evening the trade was at a stand-
still. The probability of a continental war, and the vari-
ous conjectures as to how prices might be affected by such
an event, has produced this stagnation. Some have gone
so far as to anticipate that European holders would send
as much grain as possible to England for security, and
others that war prices would be demanded ; so that in
the present uncertainty the trade is only in small quanti-
ties, for immediate consumption.
In the LIVERPOOL PROVISION TRADE, yesterday in-
clusive, we have to report moderate arrivals of butter
from Ireland, amounting to 3,810 firkins, 952 crocks. As
usual at this season, dealers purchase sparingly, and con-
fine their transactions principally to prime qualities, which
command full prices and are scarce. There is a slow trade
for middling and inferior kinds, and holders, wishing to
sell, are disposed to submit to a reduction.—Prime Irish
bacon, of which 121 bales arrived last week, is in good
demand.—Hams (13 hhds. arrived) a drug in the market.
—Lard, 2 tierces, 20 firkins, 10 kegs arrived.

Prices in Liverpool.—Buttir: Waterford, 88'. to 948.; Kil-
kenny, Carlow, and Clonmel, 88s. to 925. ; Carrick, 86s. to 888. ;
Wexford, Carlow, 88s. to 89s. ; Belfast, 88s. to 925. ; Bally-
money and Coleraine, 86s. to 89s. ; Banbridge, 84s. to EBs. ;
Newry and Dundalk, 80s. to 82s. ; Dublin, Carlow, 84s. to
88s. ; Sligo, 80s. to 868. ; Londonderry, 82s. to S&L—Bacon:
Long Middles, free from bone, new, 565. to GOs. ; Short Mid-
dies, do. do. 58s. to 60s. ; American, 40s. to 54s.—Lard: Fine
Keg, GOs. to 665.

In American Provisions there has been a pretty extensive
importation of Beef, 2700 tierces of which has been to a
London house; and until this is brought into the market,
very high prices will be obtainable for smallar parcels.
New Pork is scarce, and much wanted. The market has
been cleared of Old Bacon, at improving rates: New is
in good demand, best qualities fetching very high prices :
a great portion of the 400 boxes of Western cured offered
at the public sale on Friday was sold at 465. @ 495. 6d.
Hams and Shoulders are selling at the best prices holders
can get offered. The import of Lard has been large, and
the eagerness of holders to bring it forward to public auc-
tion has had a depressing effect upon buyers, and really
fine quality, in kegs, has been sold at 51s. Cheese has
been taken freely at an improvement. In Butter there
is nothing to notice.
Prices at Liverpool (duty paid):—Cheese—Pine, 4Gs to 50s
isTi),4ro7,itcore4,s,s3 ;0
4olt-id ordinary, tojit3.
new
. 888 It Soegs•-:
ordinary, 608 to 635, new 808 to 86s ; extra, India, family, Sze.;
95a to 1000, ditto, por bolt" barrel, tiOo to 35a j—Meaaj per bar-
rel, 2001 b., 40s to 465, new 50s to 56s ; ordinary, 36s to Vs, new
40s to 46s ; prime, 30s to 325. Pork—U.S.—Prime Mess, per
barrel, 2001 b., 48s to 60s, new 65s to 70s; prime, 35s to 40s;
mess, family mess, &c., 48s to 555. Bacon-1.4n Middles,
358 to 425, new 43s to 54s per cwt.; Short do., 35s to 428, new
48s to 54s ; Shoulders, 22s to 265. Hams—Dried, 20s to 50s per
cwt. ; in salt, 24s to 335. Lard—Fine, in kegs, 54s to 56s per
cwt. ; ditto, in barrels, 53s to 555. Batter—Canada. 58s to 67s
per cwt. Soda Biscuit-30s to 35s per cwt. Pilot Biscu:t-
15s to 20s per cwt. Onions-4s to 5s per cwt. Apples-20s to
30s per barrel.
Imports from the 10th to the 23d February:—Cheese, 1161
casks, 2967 boxes; Beef, 3113 tierces, 323 barrels; Pork, 834
barrels; Bacon, 1901 cwts. ; Hams, 14 casks, 18 loose; Lard,
2492 barrels, 10,713 kegs, 463 cases ; Butter, none.

The following particulars of the TIMBER TRADE are
condensed from Messrs. Chaloner and Fleniing's last cir-
cular, published on Friday, since which nothing of im-
portance has transpired :--,
Pine rinber: There has been a more active business at im-

proved prices for St. John, and declining prices for Quebec.—
Bed Pine has maintained its value.—Quebee Deals have gone
off readily at from :€8 lOs to -el° 12s. 6d. for second and mid-
dling qualities yellow pine, and .-c8 los. per standard for
spruce.—Plank, New Brunswick. and Nova Scotia Fir: Thelast
sales of St. John were at 24. 1-32 and 2d. 3. 1E per foot of the
former, one-third was red pine, and the remainder spruce.
Prices of deals and boards are improving.—Birch Timber: The
last sale of St. John, with cargo, was 14d. per foot.—Quebec Oak,
of fair quality and size, has been sold by auction at 2s. per foot,
and a few good logs at 2s. 54. per foot.— Quebec Elm sold at
ind. to 204. per foot.—Quebec Yellow Pine Masts : The last
sple was 2s. 6d. per foot for a small parcel.—Quebee Staves have
been in better demand.—New Brunswick and Nona Scotia Ash,
6.c., Hogshead Stares are in very limited consumption.—United
Elates Stares have somewhat revived in demand through the
better inquiry for Canada Staves.—llailwcy Sleepers: This
week 3s. 9d. and 2s. 94. each has been refused for a cargo
9 x 10 x 5 and 9 x 9 x 4t respectively.—ln Mahogany several
sales have taken place, but we have of room for the quotations.
—Cedar, Havana: Yesterday 155 logs, good quality, were sold
at from4id. to fd. per foot.— Zebrawood : Yesterday 23 planks
were sold at from .E 5 ss. to £6 10s.—Satinwood is held suffi-
ciently in stock, but is not enquired for, even City St. Domingo.
—Rosewood: Yesterday 128 planks were sold at £lB 10s. per
ton.—Laneewood Spars are heavy of sale, and sufficient in
stock.—Teak. Wood, Green-Heart, and Morra Timber: Yester-
day a parcel of good Sabine was sold by auction at from 25.11 d.
tcr.3s._3(l. per foot. —Lip/umvita, City St. Doll:Ingo has de-

dined in xitht,

The following is the most important feature of the cu•-
cular
Baltic timberand deals linve been entirely neglected, through
diamclination on the part pf buyers to came forwent until the

last reductions have taken place, which will not be carried into
effect till the sth of April. But whilst we assign this as one
reason, we would earnestly and pointedly draw attention to the
fact, that this branch. of the timber trade, particularly in deals,
is being transferred from Liverpool to Hull. This arises front
the superior energy of,he Hull merchants, their railway and
dock committees, who hssi m date tbei rfreights to Manchesterand
other more proportionately less central markets, with those of
Liverpool, and by a greater development of railway facilities,
enable buyers to secure their purchases at less cost, and in-lesst
time than from the Liverpool market; whilst on the other hand,
the delay, annoyances, expense, and confusion in getting wood,
sent througn the tunnel here, not only operate to the great di-
minution of traffic on the line, but practically nullify the under-
taking, by entailing a local cost, which even hears comparison
with what might be the entire transit expense between Liver-
pool and Manchester, ;until that miserable and confined hole at
\Vanning hardly big enough for an inland town—miscalled a
station—ceases to be our only accommodation for wood good.
Until branches of rails are placed in direct contact with the
shipping and everysprincipal dept for merchandise in the port
—until goods and Mood can be transmitted with the facility of
passengers and lugga,ge, railway capability carnet be said. to be
fully developed; noncan our local authorities and railway man-
agers escape the imputation of nullifying by their supineness
and neglect, the advantages which LivelT"' ---
principal port, and the great central marl
Ringdoin. These gentlemen may reply that
the work of time, 'and that later, such improvene...
made; but we submit to their recollection, that the first i....
way schemed in-these parts was intended for the transit of
goods between Liverpool and Manchester. The passenger re-
turns being comparatively little reckoned upon as a source of
revenue, and the timber trade, it was argued, would dertve the
grsatest advantage from its construction. Surely we, who
twenty years ago assisted in its formation, have some claim to
see in our lifetime. the promised consummation. London id
introducing the North Western Railway in connexion with Has
West India Docks, Are we to have our' furniture-wood trade,
which has already suffered severely, as far as the neighbouring
manufacturing district is concerned, quite taken from u 5...-
have now lostzur Baltic deal trade l Clyde, Dube-

the United

all this must be

at can be

a/UUIIII, 411H1 U.
have, we know, lost their mahogany trade; and should I
pool so lose hers, it will he then too late to regret the mis
agement which Occasioned it, or call into play energy
activity which, now exerted, would preserve it."

The excitement in the City on Friday last exceeded
anything witnessed since 1830, and Consols, which opened
at 881, and nominally closed at 88, fell after the regular
hours of business to 851, owing to the announcement of
Louis Philippe's abdication having subsequently arrived;
and all other securities receded 2 or 3 per cent. below the
official "closing" prices. Scarcely any business done in
the foreign market. The excitement prevailing on the
Stock Exchange on Saturday was intense, and the movti—
ments of the English funds throughout the entire day
have been most rapid and violent. Consols for money
opened at 841 to 85, whence they suddenly receded to 83.
Upon a rumour that a Regency had been established in.
France they rose to 851, and when it was understood that
a Provisional Government only had been formed they again
fell and wero quoted 84. After this they were done at 84G
and at the close of the market the price was 83- to 84.
After Vie regular hours of business 834- was the quotation
for money, and 83a to for the account. For Bank Stock
the last price was 194 to 197 ; Reduced Three per Ce”'
831- to ; Three-and-a-Quarter per Cents, 814dia Stock, 238 to 242 ; and Exchequer-bills (Mart
to 225., (June) 21s. to 255. premium.—With regard
comparative fluctuations at the two dates, 1830 and 1848,
it appears that the total fall in Consols consequent upon
the three days of July was not quite 3 per cent., whilst
now there is a fall, consequent en the recent disturbances,
of 8 per cent.

)J; In..

A letter from Rotterdam announces, that the Dutch
Company's sales of coffee are fixed for the 3d and 6th of
April, and will contain 497,579 bags, which is all that will
be offered by the Co. until next spring. This is impor-
tant, as the Co. have hitherto always had a large autum-
nal sale.

Ad%ices from Jamaica anticipate, with
1848 sugar crop, that the' deficiency from the produ
of former years will be very great. The weather at
bago is stated to be peculiar for the season of the yea.„
and, although favourable for the young plants, much
against crop operations.

spect to the

Accounts liave been received from Barbadoes to the
29th of January, respecting the position of the West India
Bank. A meeting had been held, at which a report of a
jint committee of directors • and extraordinary directors
hadi been presented stating the liabilities of the bank at
43.435,183, and the assets 43'3,564,774, after deducting
4424,587 for bad debts. The surplus left to meet the
original capital of 4600,000 would be 4129,590. The
committee proposed to make a call upon the proprietors
of 415 per share, and to liquidate the claims of the de-
positors and other creditors of the bank by instalments of
25 per cent. on the Ist Aug., 1848; 10 per cent. Ist Nov.,
1848; 25 per cent. Ist July, 1849; 25 per cent. Ist July,
1850, and the remaining 15 per cent. on Ist Dec., 1850,
with intarest at the rate of 4 per cent. per annum. The
committee could not then see their way as to whether the
bank cculd be resuscitated, and meanwhile proposed to
do business "to such an extent as would meet their
ct rrent expenses." The debt of Barion, Irlam, and
liigginson was estimated at ss. in the pound.

The commercial advices by the steamer from America
state, that the exchange at New York was at 10 to 104 per
cent., just touchinr the point at which specie could be re.
mitted to advantage. In breadstuffs few purchases were
being made for England, and the little demand for ton-
nage room at New York had sent freights down to Is. 6(.1.
per barrel for flour. Although but few vessels compara-
tively bad cleared for Liverpool at New Orleans, there
were symptoms of increased operations in produce for this
market in the additional number of vessels placed on the
berth, with a slight improvement in freights ; no less than
forty-two vessels being up for Liverpool on the 2d Feb-
ruary, in addition to those already cleared. The receipts
of cotton at New Yolk up to the 9th Feb. 1848, were
9,300,403 bales, against 1,002,770 bales in the pre-sous
year, and 982,738 bales in the year before. The exports
to Great Britain for the first-mentioned period were
222,668, for the second 248,749, and for the third 378,465.
The stocks were respectively as follows : 461,584, 501,668,
378,465. The following are the official estimates from the
Patent-office, in Washington, of the crops of the United
States, throughout the Union, in 1847, in bushels : Indiax
corn, 540,000,000; wheat, 111,530,006; rye. 31,350,000;
oats, 177,000,000 ; buckwheat, 11,674,000 ; barley,
5,735,000 ; potatoes, 97,018,000. This last crop (pota-
toes) was very much diminished in consequence of the
rot. The Indian corn is chiefly yet on hand. The to-
baco crop was 219,964,000 pounds, a slight diminution
compared to former years. Cotton crop, 1,026,500,000
1- • rice, 103,400,500 pounds ; silk, 404,600 pounder

pound

of cocoons.

FIRST FULL-DRESS CONCERT OF THE PHIL-
HARMONIC SOCIETY.

The first full-dress concert of the season of the above
society was held last evening at the Collegiate Institution,.
which was even more fashionably and numerously at-
tended than usual. For this, in part, we may account by
the excellence of the programme, and the eminent stand-
ing of the artists engaged, comprising Thalberg, Madame
Lozano, Miss Bassano, Miss M. Williams, and Miss A.
Williams, Signor Ciabatta, and Mr. T. Williams;and in
part to the judicious departure of the committee from the
exclusiveness hitherto characterizing these concerts, by
the admission of non-subscribers at a reasonable, and,
considering the attractions provided, a very cheap rate.
The overture, Weber's Jubilee, was very well played
throughout; but the violins wanted strength. The first
piece—a trio from Maritana—was a little marred in its
effect by the somewhat unsteady accompaniment of the
band. Indeed, it seemed to us that the singers did not
seem at home together. In Rossini's duet, Tancredif,
" Fiero incontro !" the Misses Williams sung most beau-
tifully, and amply justified the high encomiums which have
been earned by them in their metropolitan career. The
recitative was a perfect gem ; and the cadenzas introduced
comprised novelties which had an extraordinary effect.
and can only have been attained by immense study and
practice together.
Madame Lozano's cavatina, " Betly," from Donizetti,
was most creditably given ; but the prudence of the selec-
tion is rather questionable, so shortly after the heads of
the musical public have been turned by Alboni's singing
of the same piece. Had Alboni never been heard.
Lozano's rendering would have been a triumph.
Thalberg. We almost hesitate- to speak of this unri-
valled maestro. The piece selected by him was a fantasia
c3ntaining airs from Il Barbiersldi Siviylia, which was in-
imitably played. The prayer from Mose in Egitto was a
most splendid effort ; and a most hearty and vociferous
encore rewarded the close. We forget the title of the
piece with which ho favoured the audience, in reply to the
encore. It was a rich musical treat, however, and was
heartily applauded. There is a modest deportment about
this great artist which raises him a host of admirers, In-
dependently of his extraordinary talent as a pianist. The
recitative and air from Don Giovanni—" Crudele, at no,"
was delightfully sung by Miss A. Williams, as was a song
from Mendolsolm, • The Violet," by Miss Bassano.
duet, " The Vision," also from Mendelsohn, owed the
honour which it received of an encore, chiefly to the
chaste singing of the Misses Williams. Signor Ciabatta

next gave a song from the music of Schubert; and if it
was a fair sample of the gentleman's powers, we shall
certainly have little wish to hear him again. The eon—
eluding piece of the first part, a trio from Sphor's
and Zemira, by Misses Bassano, M. Williams

and A

Williams, would have been faultless had the ace,omytt.
went of the band been in tune.

We have left ourselves little space to remark upon the
second part, the gems of which were Thalberg's hantasia
from Giovanni, Madame Lozano's Boleros, very exqui-
sitely sung, and " Tell oh my heart,"—Balfe—which was
delightfully given by Miss A. Williams. On the whole
we never listened to a concert of this society more worthy
of the approval of the musical critic, or which seemed to
give more general satisfaction to the crowded audience.
Thalberg was encored in his Fantasia Brillante, in the
second part, as were Madame Lozano and the overture of
William Tell, by the band.

STREET ROBBERY.—Yesterday at the police-court,
three men, Robert and Edward Banks, both well know*
to the police, and Thomas Carroll, were charged by a matt
named Martin boy with knocking hint down in an entry
in Cockspur-street, and tearing
ofi his pocket....
' several shillings &c., with which they made ut.
were committed for trial at the sessions.
ROYAL AMPHITHEATRE.—This evening is the last
taltheenatpepdea
equestrians.raneeot M. Dejean's unrivalled company of
There is but this one opportunity
left for the public of Liverpool to visit the Amphitheatre,
as it is impossible that he willbe again able to visit this conn--
try. The past week has amply proved that the performances
have lost nothing of their attraction, for the houses have
been numerously and respectably attended. In taking
leave of M. Dejeau and ins company, which we do with
considerable regret, we cannot but observe that he has
succeeded in giving a higher taste for circus performances.
We are aware that he must have been at considerable ex—
pense in bringing so extensive an establishment to this
country but we hope that his enterprise in crossing gar
channel has, as far as this town is concerned, answered
his expectations, and received that substantial proof of
reward which is justly his due. We believe he is gratified
by the reception he has had, and the company gener&-ly
tensible of the attention which has been paid them,

s, containing
They

TO ADVERTISERS.

We beg respectfully to call the attention of
Merchants, Brokers, Auctioneers, and others,

to the important fact that the

LIVERPOOL STANDARD

IS NOW THE

ONLY

NEWSPAPER

PUBLISHED WEEKLY ON TUESDAY,

which can be read on

THE

hat day by the thousand:

of Manufacturers and others attending

TUESDAY'S MARKET IN
MANCHESTER.

The • STANDARD is taken at all the

and respectabl

Is in that tot

surrounding manufact

SECOND EDITION

Two, in time for the Nort

MARKETS, and any

may arrive in the course

g district

Vewsrooms

and the

published at Half-past
ri Mails, containing the

rbt ittberpc;ol

of importance that

the morning,

•=tanbarti.

TUESDAY MORNING, FEB. 29, 1848

THE existing amended (!) laws relating to bank-
ruptcy and insolvency appear to be regarded with
almost universal dislike by our trading and com-
mercial communities, as injurious alike to the
interest of creditors and of debtors. Drawn up by
lawyers, without the aid of that experience and
practical knowledge of the kind of relations ordi-
narily existing between debtors and creditors which
they are found inapplica-
orking, to the case of
V in fees, &c., the

commercial men posses
tle, from their ex
small trade

8., whiel

se of

liave been available

I; whilst the ma

is found to open

ion of ti

The report stated that the traffic had continued to in-
ring the half-year : savings had also been effected
a to a considerable extent—£l,2oo per annum—
and that by issuing of the new £27 10s. shares through
the general office, a further saving would be effected of
£2,100. The directors purpose to make legal calls for all
amounts of money in arrear, in justice to those who have
paid, and also to best serve the shareholders by prose-
cuting the main works on the line. The amount expected
to be raised will enable them to open the traffic between
Chester and Warrington in autumn, 1849, and soon after
between Warrington and Altrincham. Several resigna-
tions of directors had taken place. To supply these va-
cancies the services of Messrs. J. Bancroft and W. Gibb,
of Manchester, and of Messrs. F. Shand and J. H. Ray-
ner, of Liverpool, have been secured to the board, and
arrangements made by which one of the directors has
agreed to devote his whole time and attention to the in-
terests of the concern.
A statement of the accour

where t

.e ordinarily

requiring to be cau-

n order to prevent

the creel

, in ti

t terms insolvency

and non-trade

v be relieved, on

t an expense of

not exc

In rep'

I Dock Company- ,

The CHAI

was read, and the report

stage, relative to the

Nanswered, in the balance of £106,283 6s.
item of £50,000, debt due by the Birk en-

The Liverpool Health Committee have applied for, and
obtained, drawings of the pumps and apparatus

emptying cess-pools under the direction a the Metropoli-
tan Commissioners of Sewers. These pumps continue to
act so successfully as to give the utmost satisfaction, and
in every quarter an uncompromising war has been declared
against filth.

nd Warehouse Company. • Several share-
3sed an opinion that there was no clause in

the act
Mr.

J. B. LLOYD, the law-clerk, said he was not in
hen the loan was made, and he had taken legal
,0 recover it. There was no clause to authorise

-LA.uNcH.—On Tuesday last, at the building-yard of
Messrs. Smith and Rodger, Govan, near Glasgow, there
was launched a fine new screw steamer, named the Bri-
gand. • She is intended as the consort to the Pirate, and

for the Glasgow and Liverpool trade. The vessel is 150
feet in length, breadth 24, and depth 15 feet. She is 370
tons, and propelled by a double acting screw-driver, by
two engines of 30-horse power each.
THE PEACE SOCIETY.—The more active members of
this association, in Liverpool, availed themselves of the
general unpopularity of the ministerial financial policy, to
get up a metting on Friday, in the Music-hall, Bold-
street, to protest against the proposed increase in the esti-
mates for the army and navy, and to adopt a friendly ad-
dress to the people of Marseilles. Lawrence Heyworth,
Esq., took the chair, and Elihu Burritt and James Silk
Buckingham addressed the meeting.

A special meeting of the Birkenhead Commissioners
was held on Thursday evening, to consider the propriety
of running the steamers from Woodside at fixed inter-
vals. A motion was proposed by Mr. R. Bryans, seconded
by Mr. J. H. Hind, that the steamers should start every
twenty minutes, thus retaining the hour boats, but dis-
pensing with the half-hour ones. An amendment proposed
by Mr. Watson, and seconded by Mr. Horner, that the
subject be referred to the Ferry Committee, was however
carried by a majority of one.

, on t

-Then I have to move that the report
not accepted.. _ Here is ze50,000 lost to

of the
the co

passed to a general balance, which I thought
t first referred to cash in hand, but which turns out to
be a debt contracted in the most extraordinary manner.

I therefore

;e that the accounts be not passed

model'

WALTON AND FAZAKERLY PLOUGHING MATCH.—
This match came off on the 17th instant, in a field be-
lonzing to J. Naylor, Esq., Walton Hall, and occupied
by Mr. Richard Seddon. Eighteen ploughs started, and
finished their respective lots in the given time, namely
twelve hours to the statute acre. The field being cleared,
the judges, Mr. Robert Birch, farmer, Stand-park ; Mr.
John Johnson, Fazakerley-hall ; and Mr. David Caldwell,
Liverpool; after a minute and careful inspection, awarded
the prizes i-Ist. To Daniel M'lntyre,with Mr. Skirving.
2d. To Andre* Bell, with Mr. Richard Seddon. 3d. To
Edward Berry, ploughman to Mr. John Bii ch. 4th.
To William Howard, son of Mr. Thomas Howard,
Knowsley. sth. To Mr. Win. Lilley, foreman to Mr.
Smithies, Bickerstaffe- hall. About five o'clock, the
judges, and upwards of flirty gentlemen, proceeded to the
Plough Inn, Walton, and partook of an excellent dinner,
provided by Mr. Woolall. The chair was ably filled by
Mr. Muir, Walton; vice-chair by Mr. Birch. It is
worthy of remark, that the ploughs which gained the
three first prizes were made by Mr. Honderwood, imple-
ment maker, Walton.

tory arrangement has been made by the
for the liquidation of that sum, if ne-
p7ilause.)

(Loud

) a question, that the pro-
' nount against the

ceedings were instituted to recover th
d Warehouse Co

Birkei

IRLEY.-
dings ? (Appl
Rev advanced ?

What right had you to insti-
ase.) Upon whose authority
I have no reason to doubt the
rity of the gentlemen who
But I bought my
.e paid all up; and I must
tins this £106,000

y, the ability, or the it

p, and I am surprised

DEATH FROM ALLEGED IMPROPER MEDICAL TREAT-
MENT.—On Friday an inquest was held on view of the
body of Anne Davies, 23 yeaas of age, wife of a labouring
man in Toxteth-park. She had been attended by two
surgeons from the South Dispensary, and- in some way a
re medi-
po
trret
r abroad
mt
entwthat
hich, rsehaecilad
i)ing
tdiede from improper s
ot rp
pleby ,
he saw the coroner upon the subject. Mr. Appleby stated
',at he was himself a subscriber to that institution, and
roa ---- -4fter

stated several instances where, a, flaying been a.
tended once by the surgeons of the dispensaries, the
parties were referred to the parish-office. The prescrip-
tions (with one exception) which had been given for the
deceased were read, and the -coroner made some rather
strong remarks upon the way in which they had been made
out. Mr. Appleby suggested that the surgeons of the dis-
pensary ought to have their prescriptions entered into a
book ; and the coroner said he should make a representa-
tion to the dispensary committee, and also inform them

. .
of the cases in which parties had been referred to the
parish surgeons. Ultimately the jury returned a verdict
of death by the visitation of God. The evidence of Mr.
Archer was to the effect that the surgeon's treatment was

judicious

NORTH AMERICAN PASSENGERS.—A bill with the
above title has just been published on the subject of the
regulation of, and making further provision for, the car-
riage of passengers by sea to North America. It was in-
troduced into the House of Commons by Mr. Labouchere
and the Chancellor of the Exchequer. The first clause
enacts that no ship shall carry more passengers on board
than in the proportion of

paEsenger to every two tons.
..sy the second clause it is provided that two children
under the age of 14 shall be computed as one passenger.
Each passenger is to be supplied at least twice a week with
nibs. of beef or pork, or 311bs. of bread or biscuit, and
in addition thereto, 6 lbs. of bread, flour, biscuit, oatmeal,
or rice. Potatoes, however, may be substituted. The
sixth clause provides that a superintendent of emigrants
is to be taken in every ship carrying as many as 100 pas-

sengers. By the eighth Clause it is enacted that the su-
perintendent shall be provided with proper accommoda-
tion and messing by the owners of the ship, and that he
shall be entitled on each voyage to receive from the
master of the ship £2O, and the sum of ls. for every pas-
senger landed alive. The fifteenth clause enacts that ships

carrying fewer than one passenger to twenty-
shall be elempted from the operation of this act.

five tons

MORTALITY OF IRISH EMIGRANTS.-

We find the fol-
nigrants amongst

whom- the deadly mortality of last year occurred, in a let-
ter addressed to the president of the board of trade, by
Messrs. J. and W. Robinson, of this port :—" We crave
your especial attention to the fact, that the great mortality
last year did not occur amonzst the ordinary class of emi-

jrarits, viz. :—those who poi: their own passages, and ge-
nerally hare means to provide suitable bedding, clothing,
and food, but was confined almost exclusively to that un-
fortunate class whose:passages were paid by Irish landed pro-
prietors :—thousands of this class were sent out last sea-
son, both from this port and various Irish ports, and we
can state from our own Observation of those who sailed

THE LIVOiPOOL STANDARD.

- -
. .
._ . .
..
A most important security for the commercial ' Lairds proposed was quite right ; and Mr. Howard, who LORD PALMERSTON. AND MR. BANCROFT.
puPlic is proposed to be given, by a clause which had tendered his resignation, was induced to withdraw it. --
renders it imperative to register all mortgages,
Some conversation ensued on the appointment at!- TO THE EDITOR OF THE LIVERPOOL STANDARD.
time pouncedto theithcoe
company's
;:if a director to devote his whole SlR,—The correspondence between Mr. Bancroft, the
grants, assignments, bills of sale, &c., which render
stoco:iiiceeiBm,
071.parti
lfnoeuxr o'clockt
a debtor's ostensible property unavailable to his meeting was adjournedny e ad-ti tion
netcaawns minreissteenrisatnodmLormdiPnllitrerstoon;
remarkable
ta:irekNa:lviga-
creditors ; such registers to be made in the county journed meeting is also to be made special, to consider the stance of YankeeP impudeynce on the omne-part,nand A9liiirgi or district where the debtor may reside, and a copy proposition for throwing open to the shareholders the book gish simplicity or soyeething worse on the other, that it
to be filed in a general office in London. Such
in which the number of shares held by each proprietor is has ever fallen to my lot to witness. Here we have the
entered. representative of a self-styled great nation (great cerfainly
registers may be inspected on payment of a fee of -
with reference to repudiating notoriety) coolly addressing
Is. It is further proposed, for the more facile relief The vacant office of Admiralty agent for the mails at Her Majesty's principal Secretary of State for Foreign
of debtors, that a person in embarrassed circum- this port has been conferred on Lieutenant W. T. Bellair. Affairs with assertions and offers that cannot but be con-
stances may at any time, and whether in or out of Among the bills read the second time on Monday, were demned by the unprejudiced as an insult to a 'British
custody, petition the court, and procure a vesting the Birkenhead Dock Company, the Herculaneum Dock, statesman in the indifferent estimation of his mental powers
order to protect his estate against hostile creditors; and the Liverpool Dock Bill. and amor patrice that they evince. Nations, even as in-
and on filing a proper schedule or balance sheet,
The Rev. Edward Lawson Bowman, 8.A., of St. Pe- dividuals, having their own interests at heart, should cer-
ter's College, Cambridge, has been licensed to the curacy tainly in all bargains take care that they are not over-
should be permitted to proceed with as little delay of St. .Philip's. reached by giving more than they receive in return. Now
as possible to his final discharge and certificate. CAUTION TO BOYS.—On Wednesday several boys were what equivalent, may I ask, have the Americans to offer
Mr. Laidman also recommends that the absurd and sent to gaol for having been found throwing stones in in return for the privileges at present so justly exclusively
unjust anomaly, by which a fraudulent bankrupt is Park-lane, whereby a number of windows were broken. enjoyed by the British shipping interest in the extensive
punishable by transportation for life, or imprison- 'rhe auxiliary screw steam-ship Sarah Sands, Captain colonial and coasting trade of this country, and in the
Thompson, hence, arrived off the bar of New York on the prohibition to foreigners of the " indirect" trade? Where
ment with hard labour, whilst the equally fraudu- night of the 9th instant, after a run of eighteen and a-half are the American colonies ? Would not her coasting
lent insolvent is only punishable with imprisonment days. She reached the city the following morning. i trade, even as her trade with this country, be almost mo-
for two years, without hard labour, should be got The royal mail steam-ship Cambria, Captain Harrison, nopolised by her own ships? Let our rulers look to the
rid of, and a more consistent course be adopted, by after having been detained one day by Admiralty order, effects already produced in this respect by the spirit of
which the punishment in both cases should be took her departure on Sunday for Halifax and New York, reciprocity tiles tar indulged in. Is not the carrying trade
with the usdal mails and a large number of passengers. between England and America which employs the major
made the same. A deputation from the Manchester Commercial Ass°. part of the shipping of the latter almost entirely in the
It is proposed, further, that both debtor and ere- ciation was to have an interview with the directors of the hands of the Americans ? The cause of this lies not, as
ditor should have a power of appeal to the rice- East India Company yesterday, (Monday,) for the pur- many have asserted, in the superiority of their vessels
Chancellor, whose decision should be final, unless pose of laying before them some interesting information and their captains, but in the anti-English spirit that per-
as to the cultivation of cotton in India. vades American society, the commercial community of
that judge should report the case specially for the EXAMINATION OF MASTERS AND MATES, At a meet- the United States almost to a man giving the ships of
decision of the Chancellor. The present power of ing of the Board of Examiners held on the2sth instant, their country a preference both in the shipmnts of Awe-
appeal to subdivision courts, and ultimately to the Captain Anthony Easterby, late master of the screw rican produce, and by orderh.g return shipments of
House of Lords, Mr. Laidman treats as unnecessary. steamer Aram, of Liverpool, and Captain William Con- British produce and manufactures to be made in
Without giving in our adhesion to the whole of nell, master of the Isabella, of Irvine, were examined and American bottoms. .is not American produce, of
Mr. Laidman's views, we can recommend his both found duly qualified forfirst class masters' certificates. which we take the major part, admitted duty-free into
On Tuesday an inquest was held at the Ship Inn, Great consumption in this country with the exception of their
P amphlet as worthy of the serious attention of our Crosby, on view of the body of John Rushton, who died filthy useless weed, and are not British manufactures taxed
commercial readers, to whom the simplification and suddenly on Sunday week, at a beer-house in the same in America with an almost prohibitive duty ? Can this be
reform of the laws of bankruptcy must shortly be village. The deceased had been drinking .for some days, ;called reciprocity ? Mr. Bancroft says nothing with re-
regarded as a work which can no longer be deferred. and on Sunday afternoon week he was found quite dead ference to a reduction of duties on British goods, all that
in bed at the beer-house. he holds out in return for the abrogation of our naviga-
A silver box, bearing the following inscription, has tion laws, and the consequent opening of a splendid pros-
BIRKENHEAD, LANCASHIRE, AND CHESHIRE been presented to Captain Postle, R.N.:•—‘• Presented to, pest to the shipping interest of the United States, in a
JUNCTION RAILWAY. . Captain Charles James Postle, R.N., by Messrs: Charles participation in the benefits of a trade created and hitherto
Horsfall and Sons, of Liverpool, as a slight acknowiedg- sustained by British capital and industry, is in fact, from
On Saturday, the half-yearly meeting of this company ment of the service rendered by him on the occasion of Its limited extent, the nearly worthless privilege of carry-
was held at the Town-hall, Birkenhead, and was nume- the wreck of the cutter Lord Ntlson, at Den talk." - ing goods from foreign parts to America, and which the
rously attended. Mr. Alderman Bancroft, of Manchester, The Liverpool Health Committee have applied for, and British shipowner need never expect to be able to avail
in the chair. obtained, drawings of the pumps and apparatus used for himself ot, so long as an American ship is to be found in

the same port. The advantages to the citizens of the
United States that the contemplated bargain exhibits, are
well understood ; they have been long and eagerly sought
by them, and well do they know that what they offer is
mere moonshine.

The advocates of free-trade must not imagine that the
navigation laws come within their rules, they are essenti-
ally an exception, as not affecting the consumer of foreign
produce to an appreciable extent. and as not havine an

equivalent in any privileges of a like nature that can be
offered by foreign nations. Let it also be borne in mind
that the wealth these laws are the means of securing to
the British shipowner, is expended in England amongst
her tradesmen and artizans, whereas on their repeal the
foreigner will be enriched at their expense. May our
rulers pause ere they commit so suicidal an act as the
abrogation of these laws would be.
Abler pens than mine have descanted upon the impor-

tance of the navigation laws, as affecting our maritime su-
premacy and national safety, and on the impossibility of
British shipowners competing with foreigners—with re-
ference to their advantages in cheapness of material, and
their low scale of wages. I will not, therefore, occupy
more of your time in this matter than to express a fervent

hope that parliament will entertah: a proper view of the
value to England of her navigation act.

I am, 111r,-ktiitor,

Respectfully yours,
QUID PRO QUO.

Liverpool, 23d February, 1848

=MI
INCOME TAX APPLICABLE TO IRELAND,

TO THE EDITOR OF THE LIVERPOOL STANDARD,
Sin_—Thousands feel as I tin the inio,tiop of the nrn.

posal of the Prime Minister to exempi Ireland from the
operation of the property tax. But no person has yet

lifOrce the rented

The letters of " B. S." and of " A Poor Barrister," in-
serted in the London Times, of the 24th and 25th instant,
may have more • effect in calling public attention to the
subject than anything I can advance. The Prime Minister,
dreading the power of the aristocracy, and fearing the
alienation of the votes of certain Irish members, proposes
the exemption of Ireland on the fallacious ground of recent
Irish distress, although England has more than equally
participated in such distress so far as the advance of money

was required for the removal of the evil.
Now, Sir, it is evident that an individual in Ireland, in
the receipt of an income exceeding £l5O per annum (the
result of mental exertion, independently of real property,)
can as well (or better,) afford to pay Is. in the £3 on that
income than an individual in England earning by the same
exertion an income of similar amount.' • No one will have
the boldness to assert that the untaxed Irishman has con-
tributed to alleviate Irish distress in the same degree as
the Englishman. Why, then, should the class of Irish-
men to whom I allude be exonerated from the imposition
laid upon the Englishman. It may be asserted that the
Lihorious Englishman who
tax, if imposed in Ireland, would return only a small reve-
nue to the Imperial Exchequer. Sir, that is no sufficient
or satisfacto

.actory an, er Lv
requires that equal justice should be done to-lreland as to
England also.

In Liverpool there is an immense amount of wear and
tear of intellect to obtain an income by unwearied and

f beg leave to urge tile inhabitantsof Liverpool to take
the lead in this righteous adjustment of taxation, as here-
tofore they have on many momentous questions promi-
nently stood forward. _ . .

I perceive, by an advertisement in your last impression,
that several influential gentlemen of Liverpool have already
recommended a National Confederation for the adjust-
ment of taxation. The ability and zeal displayed by these
gentlemen cannot be more usefully exercised at the pre-
sent important crisis than in promoting a petition to the
House of Commons to compel the performance of this act
of justice to the suffering people of England and Scotland.
The example of Liverpool would be speedily and promptly
followed by other great towns in Lancashire, and the
effect of an extensive movement in this direction would
immediately be felt in the House of Commons, where
there are many coadjutors now silent, because, in the ab-
sence of petitions in support of their views, they cannot
advocate this important principle. But if public feeling
be once conducted in the right direction the result must
be decisive, because the object is honest, just, and rea-

,ch occasions, be

placed for signature in the Exchange News Room and
elsewhere. No time should be lost, for the occasion is
pressing

I-am, Sir, your obedient Servant,
A. SUFFERER FROM IRISH DISTRESS.

GRATIFYING PRESENTATION

On Tuesday evening, at, the close of the service, the
members of St. John's Church congregation presented
their curate, the Rev. R. W, Wolseley, with a very hand-
some pocket communion service on the occasion of his
t's orders, and as a small mark of their esteem
and assiduity in the performance

taking pr
said rvn 'IT

was accompanied with an anectionate
we subjoin a copy along with the reply to it
that remained after the purchase of the service was handed
over at the same time in a purse to the reverend gentle-
man, who returned thanksin a very suitable and interest-
inz manner.

We, the members of St. John's
congregation, cannot allow the opportunity presented by your
admission to the high and holy order of l'riest of the Church of
England, to pass, without testifying in some manner our high
esteem and regard for you as a Minister of Jesus Christ; and a
steward of the mysteries of God.

REVEF

D AND DEAR Sill