The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-01-04 00:00:00

The demand for Cotton to-day has been only a moderate

one to the extent of 2500 bales at

sterday's prices, with a

very firm and steady market. " Old Cotton " is becoming
scarce, the, bulk of that offering is of the new crop, and by no

means in great

favour with the generalty of buyers, owing

a great measure, to the interior manner it is got up

THE MANCHESTER AND LEEDS AND
MANCHESTER AND LIVERPOOL RAILWAYS,

The Railway Times on Saturday last took the opportu-
nity, presented by a one-sided report of a meeting of the
Manchester and Leeds Railway Company, to fas'cti a charge
of bad faith upon the directors of the Manchester and Liver-
pool Line, for having declined to enter upon the formation of
the proposed junction of the two railways by a line through
the town of Manchester. Our contemporary appears quite
satisfied that the former company has acted with the most
perfect goodfaith throughout the agitation of this junction
line ; that they have not sought to trap the Liverpool Com-
pany by the exhibition of fallacious estimates of traffic, into
a hasty adoption of a line through Manchester, which would
leave two other undertakings equally important as their own
without any junction line with the port of Liverpool, or any
chance of ever getting one : and that the conduct of the Li-
verpool directors has been, on the contrary, flagitious and
dishonourable towards their Manchester and Yorkshire
friends, who are so anxious to engross the advantages which
a direct-connection with their port is likely to afford.

We are ourselves by no means so convinced of any of these
positions being correct. Nay, we incline to think that the
refusal of the Manchester and Liverpool directors to proceed
with this erroneous and unadvisable scheme is the next best
thing to their having never consented to listen to it, which
most assuredly ought to have been their course. Although
not ourselves in a position to say to what extent the traffic
estimates presented by the Leeds directors to the considera-
tion of the Liverpool and Manchester board were exaggera-
ted and fallacious, we can readily believe that they were so
from the unfair spirit, evinced at this meeting, in which
the very name of one company, which possesses important
claims to consideration in the settlement of this matter,
is not even mentioned as worthy of the notice of the
Leeds gentlemen, and the question as to the choice
between the two competing junction lines is stated as
one between themselves and the Manchester and Bir-
mingham Company only. We have reason to know that
it is not viewed in this light by the directors of the Liver-
pool line. Their object is to do justice to all, and in doing
so, to embrace the only means of doing justice to themselves.
They have no unworthy jealousy—like that evinced by the
Leeds people—to induce them to forget the very existence
of a line so important in its future connexion with the port
of Liverpool as that in comae of formation between Man-
chester and Sheffield. And although by the pertinacity with
which this selfish scheme was urged upon them by the Leeds
Company, in their anxiety to forestal the object of their jea-
lousy, they were induced to enter so far into it as to join in
the measures requisite for procuring an act of parliament,
we can see no moral or just blame which can attach to them
for having retraced their steps so soon as they had discovered
the deceptive and unfair means by which they had been hur-
ried so far into a wrongful and unprofitable course.
With a full knowledge of the locality, of the conflicting
plans themselves, and of the feeling of the people of Man-
chester respecting their comparative merits and convexience,
we can unhesitatingly say that public justice will not be sa-
tisfied by the formation of the proposed junction line with
the Leeds railway only. That the line to communicate with
the Manchester and Birmingham will cost one-half of what
it is estimated to cost by the Leeds directors, we do not be-
lieve ; nay, we know that it has been estimated, by two com-
petent engineers, to cost not more than a third of the sum
put down for it in the one-sided statements of the Leeds and
Manchester meeting. The property which it runs through
is of the most worthless description, the works required com-
paratively inexpensive, and the advantages which it affords
to the Liverpool company, when compared with those af-
forded by the other line, as furnishing a communication with
the centre of the town of Manchester, and with three rail-
ways instead of one, are such as fully warrant the Liverpool
Company in looking forward to that as a line to be formed a
year or two hence, rather than to rush into the formation of,
confessedly, a very expensive junction with the Leeds alone,
with the certainty before them of another line having ulti-
mately to be made.
We believe that these are the considerations by which the
Liverpool and Manchester board are actuated in the course
which they are adopting in this much mooted matter. We
think that they are proper and just considerations, and we
know that they will not be driven from them by all the at-
tacks which their detractors may be inclined to make upon
them. We submit, too, that they ought nut to be so driven,
and especially at such a time as the present, and by such a
company as the Manchester and Leeds, which, however mag-
nificent in its promise, has not shewn such abundant realiza-
tion in performance, thus far, as to warrant the directors of
any public undertaking in seeking an exclusive alliance with
it, to the neglect of other less imposing, more humble, but
perhaps equally valuable connexions.

LONDON MONEY MARKET AND CITY INTEL-

LIGENCE

SATURDAY EvENiNes.—The funds have been steady all
day, but with little business doing, the jobbers being chiefly
holiday making. Consols were 89a to 4 for the opening.
Exchequer bills 14s. to 16s. premium. Bank stock 166 to 7.
In foreign securities there is little change to remark ex-
cepting in Mexican, which continued to advance, and at the
close of business were 291 to being a rise of about 1 per
cent. on the last quotations of yesterday. Colombian were
22k to Brazilian 64 to 5. Dutch two-and-a-half per
cents. 50k to 1k ex dividend, the five per cents. 100 to 2.
Spanish active with the coupons 25 to -a-. Portuguese five
per cents. 33k to 4, the three per cents. 20k to I.
This year closes with a few good wishes from the mercan-
tile Community, though, after all, perhaps there have been
many worse. It is certain that we have the elements for a
better trade in store, for with increased imports of many im-
portant articles, the consumption has also been augmented to
such a point as to leave the stocks on hand generally below
what they were this time in 1841. The prices realized, we
need hardly state, have generally been lower, and this it is
which accounts for the depressed state of our mercantile in-
terests, in the face of an apparent increase of business.
Tea and tallow were quiet to-day.

OXFORD POETRY PROFESSORSHIP.—MP. Com-
mittee have proposed to withdraw both the present candi-
dates from the contest; but the principal and fellows of
Brasenose College have refused,to withdraw the name of
Mr. Garbett.

A. FIENDISH ACT.—Late on Tuesday night some wretch
placed a number of large stones on the Great Western rails,
between Box and Bath, just before the approach of the mail
train. Fortunately the guard iron of the train (which was
bent completely double) in some measure cleared the large
stones, and the wheels crushing others, no injury was
sustained.

The prospects for our West India colonies, as we are in-
formed upon very good authority, are at present rather
satisfactory, the crops being likely to yield more than for
some years past. If such be the fact, and our information is
derived from a party who has been many years in the trade,
we may anticipate better tithes for our West India posses-
sions.—Courier.

SIR,-

CORRESPONDENC

POPISH SCHOOLS AT PRESCOT

TOR OF THE LIVERPOOL STANDARL

The wily artifices of the Church

motion at this time in our neighbourhood, in an appeal by
circular to Protestants for assistance to build schools. The
Circular" is from the Rev. John llolden, Roman Catho-
nf. " Portico," a Popish chapel in the immediate
The following is an extract from it :-
-y hundreds of poor chil-

vicinity of this town
" In the town of Prescot are rr

dren, chiely of Irish parents
mentable ignorance and depra, _
the blessing of education. To en
schools, and apply a remedy to this evil

up in the must I

manners, for want of
e the paEtor to build

tion is humbly solicited from his friends and the public ge-
nerally. Not only Catholics, but Protestants of every de-
nomination, are confidently appealed to ; for in these esta-
.
and design shall be, to teach the rising
)od Christians and good subjects ; and no

blishmel

;eneration to be

compulsion shall be offered in matters of religion

And why

should not the bond of charity, one of the unequivocal uurks
of the true disciples of Christ, unite us all in that grand work
of breaking the spiritual bread to little ones, who have
asked for bread, and there has been no one to break it to
them? Will a Christian, whether Protestant or Catholic,
who, having the substance of this world. and seeing his
brother in need,' refuse his contribution, and shut up his
bowels against him,' on the score of a difference in his reli-
gious creed ? God forbid."
Can anything, Mr. Editor, be more jesuitical than the

appeal from a in

ber of that church, which obl

functionaries to profess and teach, amongst
: the creed of the Council of Trent is the

Catholicam fidem extra quarn. nemo salvt

a church which has deluied the Continent Witt

[iich church the emphatic language of

ritten t

.rful accusation of hav-

ing in her " the blood of the prophets and saints, and
of all that were slain on the earth, '—a church which
urged her blind devotees, on the Feast of St. Bartho-

to murder in cold blood forty thou-
sand unoffending Protestants, and afterwards rejoiced over
their destruction by a solemn procession to St. Peter's at
Rome, chaunting " Te Deem laudamus,"—a church that
further commemorated that sad event, by striking medals
representing the slaughter, and that now, after the lapse of
twn centuries_ (tn thew that the line inct not n of

her " charity" towards Protestants,) rakes up the memory
of the fearful massacre., by recently striking fresh ones,—a
church that holds it lawful to break faith with Protestants.
and to put them to death,—a church whose " charity "
caused the establishment of the Spanish Inquisition, where

those falsely called heretics were consigned to the tender
mercies of the civil power, alias the executioner,—a church
which arrogantly tramples on the laws of the Most High, in
" bowing down to graven images, and " beguiling men of
their ►eward in a voluntary humility and worshipping of
—a church that most uncharitably denies life eter-
inding the declaration of

,00li of life

'ere found hi her; which c

sys she is t

Christ, and yet i

I,—a churh which

most abject thraldo►n its mistaken followers ; and, under
the pretence of assisting its priesthood in the confessional,
pours into the ears of its fair penitents the " leprous distil-
ment " of Dens's Theolog3
Oh, yes! " The Circular

says that " not only

confidently appealed to

and no doubt

but Protestant
the appeal is made with no less confidence, from similar ap-
peals having been' too frequently responded to by unwary
Protestants elsewhere ; for it is a fact, no less authentic than