The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-06-14 00:00:00

NEW YORK MONEY MARKET.

At the date of the last mail from New York, the money
market was quite easy. Money in fact was quite abundant,
because nobody knew how to employ it, and could be readily
had for all business purposes, if any such were offering, at
very favourable rates on good securities. Paper of the like
te
k
class was scarce, and inferior unsaleable at anything
current rates of interest. Foreign Exchange was plentiful,
and not in demand. On London the rate was 71 to 8 ; and
some good bills not indorsed here were offered at lower rates.
Domestic Exchange slowly but steadily improving as the re-
sumption of specie payments are fast becoming i
in all parts of the union. imperative
The Secretary of the Treasury has succeeded in raising in
New York about two millions of dollars of the three million
and a-half advertised for. The stock, it is known, was sold
under par, and probably with some agreement that the go-
vernment should not appear again in the market before July
or September, as it now finds purchasers in moderate
amounts for investment at par. The interest is 6 per cent.
The State of New York has obtained to the amount of its
wants, at 7 per cent. Another issue of 7 per cent. stock is
about to be made by the State to the banks of this city, at
State cent. to cover temporary loans to that amount to the
7;government.
marketfor stock has fluctuated a good deal since the
prices of 43. f the last steamer, principally, however, in the
eneed bT_those of our local stocks, which are solely int-W-
-and N4wne,culation. The large amount of United States
capitalists:Zic. stock, offering a favourable investment to
which area oo
ninder!d sound,
probably caused such of the local stocks
quently the to be neglected, and conse-
nt; have been small.

Congress haul sot THE TARIFF.
chequer plans for months. the Tariff or either of the Ex-
promise Act wil er-Zpus• On the 30th of June the Cora-
of duties of 201 per ;en" talto operation, and a horizontal line
.ad valorem is to be the rule. But
legislation will be n
adapt that rule to existing
laws and usages; Eulersa
as l to
out of the
Congress should, before that Itt now question that
be so full of details, and
BO ,_me, agree upon a bill that will
the last resource, to
bill must be, recourse must LagiLlY discussed, as any Tariff
, that sixty or ninety days
some comprehensive resolution
be levied.
merchants cLui
the present rate of duties shall continue
definite nature is
In the mean time, until somethinntfoout
mater.
_enter into
varied,opera-
iauy
determined respecting
opera-
tions of which the result may be
_upon their re-
turnedmore or less of duties that may be imposed
manufacturers, for the like by the
cargoes ;
consumers, th
nei-
ther venture to revive old, nor. give extension to existing
factories, nor undertake new lines of business :leca-n
uncer-
tainty continues about ae tariff;
. and the
-t mass, are both by the low prices of agricultural produce, e
-t. of a general circulating medium, prevented
from
beyond those of instant necessity.

:nd the wan

any purchases

---
RESUMPTION OF SPECIE PAYMENTS BY THE ...
BANKS OF NEW ORLEANS.
The most important occurrence since the last arrival from
he States is the resumption of specie ks held
payments by all the
yanks in New Orleans. At first, three of the ban
back, the Consolidated, the Citizens 'and the State, Bank ;
but the depreciation to which their notes were immediately
exposed,n combined, we may presume, with the very strong
Ithdemeations of public opinion adverse to their course, and
did , ,as regarded the other banks, that resumption
avoitdence
and New
to any run for specie, induced them to come in ;
'''' Orleans is now, with all its ten banks, a specie pay-

lug city.
The effect of restoring the and of that
necessarily to depreciate all irredeemable. paper,supposed to nearly
.character of bank paper was
character were notes amounting, it is one million of dollar's issued in sums under five
two of the three
. s municipalities into which the city is
the
divid-
ed, and which had been the favourite currency during.
dollars,. by
suspension, because. the
pledged for. their redemption. But as they were not credit and property of the city were
re-
deemable in specie, they ceased to circulate the moment
specie payments
.were resumed ; and the holders, mostly
among the labouring classes, became clamorous, and com-
mitted some outrages. These, however, were speedily
checked by the police; and arrangements bein immediately
entered into to fund or redeem, this floating paper, order was
restored, and all will work smoothly.

RESUMPTION IN. KENTUCKY.
R From the annexed paragraph it will be seen that Kentucky
tog has joined the ranks of specie-paying States :

LOUNVILLE, MAY 23, P.M,—We have rico alteration to
note in the money market, except se to the New Orleans
hanks. All of these but the Citizens' having resumed on
the 11th, their paper has much improved, though we aro not
able to give a quotation. Some have supposed on the autho-
rity of letters, that two or three other banks declined re-
sumption; but the truth is, that all resolved to resume but
the Citizens' Bank.
One of the banks in this city commenced paying specie
to-day in full, and the others, though they do not announce
it, are, we believe, paying all demands actually made upon
them.—Louisville Journal.
The banks of Virginia will resume specie payments on the
Ist of August.

THE BOUNDARY QUESTION.
The States of Massachusetts and Maine have appointed
Commissioners, with full powers to arrange with the General
Government the question of the North Eastern Boundary ; so
that, it is to be presumed, this point in difference between
the United States and Great Britain will be satisfactorily ad-
justed—as it is not to be supposed the two States named
would have been invited to take the step they have unless
some basis of arrangement consequent upon their acqui-
escence bad been previously established.
In other matters in discussion, the papers leave us entirely
in the dark as to what is doing, though the settled sentiment
of the country, it is understood as well as of Congress, is
that all will be harmonized. To such an extent indeed is the
House of Representatives pushing its confidence in uninter-
rupted peace, that it is busily engaged in cutting down army
and navy to the minimum of a peace establishment. The
plea is economy—but the wisdom of such an exercise of it
just now is said by some American authorities to be ques-
tionable.

ATTEMPTED INSURRECTION IN RHODE
ISLAND.
A menacing insurrection in one of the States. (Rhode
Island,) has quietly evaporated without bloodshed, and the
respect for law and authority, instead of receiving attaint,
has rather derived strength, from this attempt to overthrow
both. The firm countenance and conduct of the sound
people and magistrates of the State, sufficed of themselves,
to dishearten the revolters ; and the certainty, that the Fe-
deral Government, as bound by the Constitution, would, if
necessary, interpose to uphold the government de facto,
nipped rebellion in the bud.

COTTON MARKETS.
We have advices from New Orleans to the 21st ultimo.
The demand for Cotton had become all at once, owing to the
resumption of specie payments, exceedingly active, and in
the week ending the 21st, amounted to about 14,800 bales.
Arrived this week 6117 bales. Cleared 19,772 bales. Stock
in warehouses and on board 96,575 bales. The latest prices

were for
Liverpool Classifications :—Louisiana and Mississippi.—
Ordinary, 41 a 6 ; Middling, 0 a ; Middling Fair, 81 a
81; Fair, 0 a 10; Good Fair, 10 a 11 ; Good and Fine, 12
a 13c. Tennessee and Alabama—Average Lists, 51 a fic
Selected Crops, 61 a 71c.
AUGUSTA, MAY 25.—We again have to report an active
demand in our cotton-market, and sales to a considerable
extent have been made, in most instances, at a slight advance.
The receipts have been very light, and our stock is now much
reduced. Several large lots are on the market, awaiting the
next steamer accounts from Liverpool. We quote 4tosi as
extremes of the market—we quote as the going rates as
follows :—Ordinary, 4 to 41 ; middling, 54 to 61; fair, 7 to
; good fair to choice, 81 to 81.

THE NEW MEXICAN TARIFF.
The committee of merchants, appointed by Santa Anna to
revise and alter the tariff laws of the country, have reported,
and all the alterations recommended by them have been ac-
ceded to. The new law does not go into effect until six
months have elapsed from the 20th of April last.
By the new tariff, brandy will pay 200 dollars arroba
(25 lbs.) instead of 400 dollars, as by the old.
Gin, 200 dols. per arroba, instead of 400 dols.
Rum, which was before prohibited, will now pay 400 dols.
per arroba.
Wines (white) will pay 150 dols. per arroba, and red 125
dols. It may be recollected, that by the old tariff, white
wines pay 250 dols. and red 225 dols., we speak of those im-
ported in casks. A proportionate reduction is to be made in
all classes imported in bottles.
Olive Oil will pay 4 dols. per quintal instead of 5 dols.
Sperm Candles, 15 dols. per 100 lbs. instead of 25 dols.
Codfish, 4 dols. per quintal instead of 5 dols.
Steel 2 dollars per 1001bs. instead of 4 dollars.
Raw Iron, 1 dollar per 1001bs. instead of 2 dollars.
Wrought Iron, 2 dollars, instead of 4 dollars.
Black Tea will pay 50 cents per lb. instead of 1 dollar.
Green, 75 cents, instead of 1 dollar.
Hams, which have always been prohibited, will now be ad-
mitted by paying 30 per cent. on amount of invoice, with
25 per cent. augmentation.
Cloth, of all classes, will pay 80 cents. per vara, instead of
1 dollar.

Cotton prints, coloured, 9 cents per vara—they can now
come in as coarse as 26 threads to the square inch—before
prohibited under 30. This alteration will have the tendency
to bring many English goods into the Mexican market, which
were before as good as prohibited.
Cotton handkerchiefs, coloured, will now pay 6 cents, the
square vara, instead of 121. Cotton thread is prohibited, as
formerly.

REPORTED MURDER OF JOE SMITH, THE
MORMON PROPHET.
The St. Louis Republican of the 19th ult. has the follow-
ing :
" The Mormon Prophet, Joseph Smith, was reported to
have been killed in a recent affray in the vicinity of Nauvoo.
We are without particulars."

REPRESENTATION OF BELFAST.—The Ulster Times an-
nounces that it is the intention of Lord Hamilton Chichester
to offer himself as one of the candidates at the ensuing
election.

The property tax will be deducted from all dividends paid
by the bank down to £166 13s. 4d., but not from incomes
below that sum. _ .

Th. tolinle of Lord Ashburton's homestead, situate at
Clapham, a romantic village about two miies distant from
Bedford, together with twelve houses in the village, were
recently totally destroyed by fire.

• - -
ATTORNEYS.—Last Easter Term 162 gentlemen gave no-
tice of their intention of applying to be admitted attorneys of
the Court of Queen's Bench, and there were also 11 notices
of readmission to practise. During the present (Trinity)
term 128 notices of application for admission to practise have
been given, and 17 notices of re-admission. In the last four
terms between 600 to 700 gentlemen have been added to the
list of attorneys practising in the Queen's Bench.
THE TouNte FLY.—A correspondent suggests the follow-
ing preventive of the ravages of this insect :—Wet the seed
before sowing with train oil ; if the seed remains wet with
the oil an hour the better ; afterwards dry it for sowing by
adding flour of brimstone, precisely after the manner of
brining and liming wheat. The seed thus prepared is said to
come up sooner, to grow faster, and the plant, whilst in the
seed leaf (which is the only time the fly attacks it), is effec-
tually preserved.
On the Ist instant, the Rev. Daniel M`Gelligan, a Roman
Catholic priest, was committed to bridewell for refusing to
disclose the circumstances which took place at a meeting be-
tween himself and two persons who had a dispute about a
horse. The priest alleged that, though the facts did not
transpire in the confessional, he nevertheless thought he
ought not to disclose them.
- - -

- -
A rumour is very prevalent, and is believed in well-in-
formed quarters, that six sail-of-the-line are to be immedi-
ately commissioned. We are quite aware that it is usual,
and very advisable, to have ships put into commission to-
wards the fall of the year, when seamen are returning from
the timber voyages, and ships for the India trade are not
fitting out; but there does not appear in the political hori-
zon to be any cause for this addition to the naval force ;
however, we understand the armament for the Vengeance
and Collingwood, of 84 guns each, has been got ready in our
gun wharf.—Hampshire Telegraph.
LIGHT GOLD COIN.—In 1837 £8,322,902 of gold coin was
tendered in London, of which 1,105,375 was rejected as light,
while the same year, at the branches of the Bank of England,
£6,450,559 was tendered, and £631,003 was rejected on the
same occount.

In Town and Country.
In 1838 was tendered £13,431,065 Rejected £2,223,230
In 1839 ditto 16,329,252 ditto 2,762,416
In 1840 ditto 17,627,499 ditto 3,798,635
It is calculated that our gold circulation amounts to about
.£12,000,000, and it is pretty certain that about one-half is
iight, which will be a loss to the public of 21 per cent. upon
the amount of £6,000,000 or upwards of £150,000. In 128
years, from 1681 to 1816, the gold coinage was one hundred
millions and a half. The gold coined in England from 1790
to 1833 was £75,000,000. In 1821 the gold coined was
£9,500,000 sterling ; and in 1834 £1,292,000.
PRESENTATION OF PLATE TO THE BISHOP OF CHI-
CHESTER.—On the elevation of Dr. Gilbert, Principal of
Brasenose College, to the See of Chichester early in this
year, and on his announcing his intention of resigning the
Headship before the long vacation, a strong wish was ex-
pressed that he should not retire without receiving some
lasting token of the esteem and affection of the Society. A
subscription therefore was entered into by the Fellows,
which it was thought right to extend to other members of the
College, who might from personal considerations be not un-
willing to join in this desirable object. This suggestion was
most promptly and liberally met. The subscription amounted
to six hundred guineas. Messrs. Rundell and Bridge were
accordingly intrusted with the execution of a service of table
plate to that amount, consisting of the following articles :
eight corner dishes and four covers, four oval dishes and two
covers, a rich tureen, and one large handsome salver, on
which are engraved the arms of the College, the arms of the
See of Chichester, and the Bishop's private arms.
THE BUDS LIGHT.—The following description of the
Bude light, of the principle of which perhaps little is gene-
rally known, appears in the Polytechnic Journal. The Bude
light originally consisted of an oil argand flame, having a
stream of oxygen thrown over its internal surface, which pro-
duced a very vivid illumnination. It was found, however,
after having been used for some time in lighting the House
of Commons, that oil lamps, thus fed with vital air, were ex-
pensive and difficult to regulate. Mr. Gurney then tried to
illuminate the house with naphthalised coal gas in argand
burners, similarly supplied with oxygen ; and though this
produced a light of sufficient intensity, he encountered a for-
midable obstacle to its continuance from the deposition of
liquid naphtha in the tubes of distribution. He next, hap-
pily, devised a method of obtaining from ordinary coal gas,
purified in a simple apparatus of his own, and burned with
oxygen derived from the atmosphere, an effulgence adequate
to every purpose of internal and external illumination, which
is now used in the House of Commons with perfect success,
and at a cost of I2s. per night, whereas that of ;the candles
previously used there amounted to £6 lls per night.
FIRE IN ELY CATHEDRAL.—At eleven o'clock on Wed-
nesday morning the city of Ely was thrown into the greatest
of the' i
consternation by the ringing of the fire-bells, and a cry
and hade
that the cathedral was on fire. With an alacrity beyond all
MI" •h'
wit in ten minutes after the announcement the whole
was conveyed habitants, women as well as men, had assembled,
the very
removed, formed themselves into double lines from the neigh-
bouringwith tat trifling wells, by which means a most ample supply of water
y gyreeadtto the engines ; and within half an hour, from
from a temporifr
exertions of the people, all danger was en-
tirelyheating the irons for
the fire was completely extinguished,
roof at the time, and was damage.fl The fire originated in some sparks
place, carried up for the purpose of
in-
terior by the verger onwr
plumbers who were at work on the
performance of divine service.
first seen flaming through the in-
yie, it having happened during the
v. ALLEYNE.—This was an
COURT OF QUEEN'S BENeciT, THURSDAY.—THE QUEEN
message to a Mr. Power, of indictment for sending a hostile
Warwick. The provocation whitelt rstone in the county of
to send the challenge, consisted in Ithd induced Mr. Alleyne
fact that Mr. Power
:Yfztand a lady, whom
had circulated a report that Mr.
,Ailili
be represented as his sister, were
, the court
brother and
sister, but husband and wife. The case hisat
beenb before the
public in several shapes, and the defendant ,_,!;
judgment in this. court in the course
for of the last term.
After a long discussion upon the former occasion
directed the case to stand over. In the course of thi3 morn-
ing, Mr. Sergeant Goulburn, upon being called upon
to
move, informed the court that the defendant was ready to
receive judgment if the prosecutor thought proper to pray
for it. Lord Denman, observing that the prosecutor's
counsel did not think proper to act upon this suggestion,
proceeded to call upon another gentleman to move, and the
case, therefore, has for the present gone off.

fmprrial Varlfaintnt.

HOUSE OF LORDS.—FitinAv.
Viscount MELeoertNt: suggested that the income tax bill
should be read a second time sub silentio, and that the dis-
cussion should be taken on goinz into committee. He pro-
posed this in consequence of the sudden illness of the Mar-
quis of Lansdowne, who had given notice of an amendment
on the subject.
The Earl of RIPON assented to the suggestion, and the bill
was therefore read a second time, and ordered to be commit-
ted on Tuesday.
The Bishop of EXETER asked if it was intended to proceed
with the bill for the improvement of the ecclesiastical courts
this session. Notice was given of it in her Majesty's speech;
but, at so late a period of the session, it was impossible that
right rev. prelates, whose interests it so nearly affected, could
be present at the discussion.
The LORD CHANCELLOR said. that if the right rev. pre.
late would repeat the question on Monday, be should be pre-
pared to give him an answer.
The Bishop of EXETER said he should be obliged to leave
town upon his visitation.
The LORD CHANCELLOR said he could hardly think that
a misfortune.
Their lordships then adjourned.