The Liverpool Standard, and General Advertiser.
Liverpool, Merseyside, England, 1854-12-12 00:00:00

TUESDAY;

)EETARY

, tax, and mo:

time tile high

AY
N:

atever of

tendency to a— decl
...

.eaty with 1

It is, clear, therefore, that

be done to meet ti

le effec

t upon

bhe Public Funds, the improvement in
,een between one and two per cent.,

arises from the restrict

which has

le Bank Directors by th
Lee to the fixed amount of fourt

(tot of 1844

Lading the conflicting statements respect-
)ject and probable effect of the treaty.

ing the

:rse to remedy the evil and yet n
4;mrilic.lPle, by raising the amount of iss

so much by a belief of a speedy return to a state of
peace as by the tendency of the treaty to simplify
European affairs, and concentrate the energies of
the allies against the aggressions of Russian
ambition. It is said that the financial schemes of
the Chancellor of the Exchequer will not comprise
a loan, and this has prevented any.. counteracting
influence on the favourable impression produced by
the Austrian treaty ; but money has been more in
request, owing to the transfer-books of consols
being shut. The foreign exchanges are considered
somewhat better, so that there is no immediate
inducement to ship gold to the Continent. The
Bank returns of Friday show an increase in the
stock of bullion to the extent of £160,229, but the
circulation of notes has diminished to nearly the
same amount ; and there is also a decrease in the
other securities to the amount of £139,678: so
that the returns afford little evidence of any change
in monetary affairs in either direction.
We have commented in a leading article on the
position of the money market with reference to the
gradual decline in the available resources of the
Bank of England, and the necessity of some change
in our system of currency, in order to meet the.
requirements of our largely-increasing trade. The
length of time at which a high rate of discount has
been maintained is in itself an evidence that some
alteration is needed, and we direct attention to the
suggestion we have there made as a means of
obtaining an expansion, without disturbing the
security supposed to be afforded by the present

1' Irrespective of bullion, to a larger sum—
twenty millions—which would leave an

ulargin for any probable contingencies. This
11lot he •
- effected on any different basis from the
" one, which is directly and

stensibly a

of the Government

Notwithstanding the

'°llB.of the present OLUNCELLO.

`,1"11 to raise the expenses of the war out
Le
income of the year, it is well known that
tr
8' Must be had to a loan, and the Bank

k,c1,04
io Wight be enabled to contract for the
k4l Six millions upon more favourable terms
4;7
.other party, and receive an ample equiva-
d D2ng. allowed to extend their isues in the
kla7ee• It will be seen that this plan would
443: aPPrehensions with respect to the un-
li.t4sue of paper money, while it would not
It°lll the aid to the Government which must
4 4;7, but also prove of material assistance to
eantile community, and obviate most of
ttlatjectialla which are raised to the present
II of The principle is fully admitted
le4i.o'ting limit of fourteen millions, while its
ti Would accord with the vast increase in
q„7"lercial and monetary transactions since

system.
In the cotton manufacturing districts the recent
improvement has been fairly maintained, but
without any further progress. The downward
tendency of prices has been checked, but it seems
difficult to obtain an advance, purchasers appearing
..ceded for bringing this subject again rather inclined to wait the turn of affairs. The
:41' readers—not onl for its intrinsic merit woollen trade shows signs of improvement, and, as
4y
ale ie third annual meeting will the cold weather has now set in, a return of activity
....11. shortly be held, the
kind is confidently looked for. The hosiery and lace
tie should be in some degree prepared, in order _
trades are without alteration.
elitbal?llnt of support afforded to the good cause No reaction has taken place in the corn market,
06' the Committee to furnish such a report as may there being only a slight cessation of the decline
like 4Pon with satisfaction, and stimulate to increased which was general a week since. No business is,
ttita work which promises such good results. however, doing beyond the demands for immediate
NI erPool has attached to her the stigma of vice consumption, and any extent of importation would
°4l:ltY, which unfortunately seems inseparable i operate to produce a further decline.

file When the Act was passed,

ikon
vL WORKING MEN'S CHURCH
ASSOCIATION.

,%gy is r

6,'e se,

„„ eort town, she has a redeeming quality, 1 The return from the Bank of England for the
144-o,lauee of which it is impossible t- exaggerate 1 week ending the 2nd of Dec., gives the following
iof the too widely known, nor too often repeated, ' results, when compared with the previous week :
Vag e working-men of Liverpool, more than two I Public deposits ... £4,994,893 ; Increase ... £212,503
l e_
ky c contribute out of their hard-earned weekly wages Other deposits ... 9,759,246 ; Increase ... 43,937
... ... ...
ter instruction in the blessed truths of the Gospel ; Rest 3,121,642 ;Decrease ... 54,557
'tli,„,der Omen are wholly maintained out of the fund On the other side of the account—
Government securities Z11,517,738, Increase £56,035
'4, je`;._, Indeed, so cordially has this appeal to the
Other securities .. 13,710,468; Decrease 139,678
heet7gs been responded to, that the difficulty has Notes unemployed
L to find clergymen for the work,than an income The amount of notes in circulation is £19,616,790,
N f 14 addition to this, a considerable sum has been being a decrease of £133,185 ; and the stock of
tea,.....4 the erection of two new churches and school- bullion in both departments is £13,870,023, show-
'kiat.,:'l all within the short space of time since the ing an increase of £160,229, when compared with
tb;.°ll Was founded, through the untiring zeal of the the preceding return.
"e46,1101.1xa, the Principal of St. Aidan's College, ISSUE DEPARTMENT.
Notes issued ... £27,244,460 Governmt. Debt R 11,015,100
p'"-6,741 ' assisted by many of the clergy and laity of 'Other Securities 2,984,900
--, ry,
• ritht the success of the Association is a proof that Gold coin & bu11'n.13,244,460
fe Silver bullion ..
sotie.tellard was struck when the working-classes 1
—_Silver
lied to become the promoters of their own true £27,244,460'
k, ; a
- hei rld, as it is a proverb, that Heaven helps those BANKING DEPARTMENT.
kith:. themselves, we confidently trust that the Prop. Capital ... £14,553,000 Gov. Securities £11,517,738
itte4ter'e' classes will come forward with a liberal hand, as Rest .• • •• • , ,
3 121 642 Other Securities 13,710,468
7,627,670
!den° Proof could be afforded of munificence being Public Deposits 4,994,893 Notes ...
Other Deposits 9,759,246'G01d & Silver Coin 625,563
ei4twed than when the objects of it display their 7-day &other bills 1,052,658
Ilie t litY so forcibly. £33,481,439 £33,481,439
tt'vel.l4iverl)ool Working Men's Church Association is, _
Meth ' not in our SIIA.BE MARKET there has been much
~ only a blessing in our own town, but to
lerg . greater activity during the week, and prices of all
ite , will prove au example worthy of imitation;
stocks and shares have advanced some two per
Ibkin 494-e much pleasure in giving publicity to the cent. Business has, however, been principally
likopalgratifYing testimonial to its merits. The Lord
L of Lox confined to speculators, who appear to be acting
-le-""it, in his charge to the clergy of his with great confidence that the public will follow
r.
0, at
visitation last month, called especial them up at higher prices. The stocks which have
,cltli . tomthe ir.
4 Ilal inst —Purtance and necessity of providing been most sought after are Midland, East Lanca-
% shut
ruction for the festering mass of ignorance shire, Lancashire and Yorkshire, and Sheffield.
f,” , . uP in the crowded courts and alleys of the Midland stock and Sheffield stock have advanced
~,,'%ll, and our large towns, and proceeded to say : materially, owing, the former, to an advantageous
‘`'e tile l'Oraneous, then, with the exertions made to pro- arrangement with the London and Northwestern,
eit tileans of buildingthed churches, should be amounting to an amalgamation of interests, un-
111t08 to increase resources applicable to the sanctioned by Parliament and the Sheffield, from
swice of additional curates. lam inclined to believe
,111\t,:te(ch might be done towards raising funds for that some private negotiations which are said to be
united
on between the two great companies now
,by collecting very small weekly or monthly sub- e. this - •
as from the poorer members of our Church, united, and company likely to prove beneficial
411 the agency of well-organised associations. The Ito it. London stock is heavy and neglected, a
tii(able success which has attended the operations of good deal of this having been sold lately. Our
4V,,.41)001 Working Men's Church Association affords local stocks are steady at former rates ; a few lots
:liis ground for such a belief. It is true that this sue-
OtLaainly to be ascribed, under the Divine blessing, of Insurance and Bank shares have changed hands
.k,"u, tiring zeal and great personal efforts of the Rev. W • s :—Caledonians,
at current rates. e annex price
't tlp nee, with whom the association originate the but 1 30i 1-I ; Eastern Counties, 111; East Lancashire,
the'eason for doubting that similar efforts on part 171 ; Lancashire and Yorkshire, 73 2-? f; London
NtioelergY of other populous parishes, with the co- Stock, 100 ; Sheffield Stock, 23 -is 1 ; Midland Stock,
sitilt„l'.f zealous laymen, would produce similar results. 69 Si ; North British, 8 ; South Eastern, 18 17
1‘,44;1,.1ect of that association is, to provide additional
0 I):„..°P Liverpool and the neighbourhood, whose week- 15-16 13-16 ; Manchester, Sheffield, and Lincoln
' 'ltt 'rB are to be limited to pastoral visitation, and £6 new pref. shares, ?fp i Chester guaranteed by
Nto be engaged on Sundays, as far as possible, in Great Western, 184 ; Pacific Steam Company, 46.
"'fallailevr.congregations amongst the working classes. LIOTTON. The more favourable aspect of po-
i,tts :4 which is to supply the means of paying such
subscriptions of s. .or 2d. Oek is formed by annual • • 88d litical affairs, and the improved demand for mann-
ilt‘iberd under. There are at present about 2,000 factured goods, have induced a larger amount of
11 taacg various sums, from ld. to 6d. per week : business ; but there is very little speculation, and
ii is
of ls collected in 2d. subscriptions towards the the demand is almost confined to the trade. The
1,044.. two new churches. Two active committees of
,salies for the week up to Friday, reached 42,610
(tiheTen have been formed ; nearly £4,000 have been
, rith kl towards one church, and a site with £3,000 for °ales, of which 1,480 were taken on speculation,
)t, er.
•Ott,ti i all of which is entirely owing to the interest and 3,110 for export, leaving 38,020 for the trade.
011.,7 the association. For more particular details I TO-DAY, the advices per Asia were received with
11i% ,erY„an to the report lately published at Liverpool, reports of declining prices in America, and an
Itt,got i," au worthy of your attentive consideration. I abundant crop, but the only effect here was to render
'me ~senaible of the difficulties which would attend an the market slightly easier, there being no alter-
'4,'t ti Of the same kind in the metropolis ; but, at the . .
14tEt-e, I do
,4 hie not consider those difficulties to be insur - ation in quotations. The sales amounted to 7,000
!pi,4eri„,_, and, at all events, I strongly commend to bales, all of which. were for the trade. The fol-
/4 pi:',," attention the main principle upon which such lowing is a comparison of present rates with those
+i,Nea• rkieeeds —that of interesting the labouring classes, of the corresponding period of last year :
~,gaio, °f focal assoations, in the work of church I 1853.
t;,‘",selt,',as bein ones which is eminently beneficial to
-to -., and which 61-
k te. they may themselves effectually
'46
314 ' Altestimony is invaluable ; and we trust that, at the
ti47itt's44DProaching meeting of the Association, the
,
t the 41 suPPort which will be afforded to it will show
Gee gentlemen of Liverpool can sympathise with the
c(, clas4 Isses , and appreciate their praiseworthy exertions
'lttl4 gliChest and holiest cause which can animate a
4 being,
bT

£27,244,460

New Orleans, middling
fair ...

Uplands, middling
fair...

SALES

r----A.---,
DESCRIPTION. PRICES. Week Previ-
ending ously
iDec. 8. thisyr,

Sea Island —llO @2B

Stained

110DIMENT OF THE LIVERPOOL
REGIMENT OF MILITIA.

Bowels 34 64 9340! 453930
Mobile 34 54 6310 240600
New Orleans. 34 74 174901 910460
Pernams, &c. 74 420 43440
Bahia,
Maranbam
Demerara,&c .1 660
Egyptian 5 10 2070, 106130
Com.W.l.&c. 7i 501 7550
Surat
Madras 10910
Bengal - -7 . 2060

, tgl,, 1
EDITOR OF THE LIVERPOOL STANDARD.
kt,,aAs this corps are to be embodied next week, I
bkupose that, previous to their leaving Liverpool, a
,:tp,.`,should be given to them_by their fellow-townsmen.
.64t take place after divine service on Chistmas-Day ;
,feather permitting, be spread on the parade ground,
The expense of providing plum-pudding, &c.,
be defrayed by small or large subscriptions. As
embodied, many, if not all the men, will volunter
?tjttiments of the line, in the
Ntnother opportunity of showing
p‘,, Royal Lancashire Militia.
?Von, Bth Dec., 1854. A TOWNSMAN
have no connexion whatever with the Militia

42610 21713601

Crimea, we may neve

ar attachment to

Ix STUART, the Conservative candidate, was
1,10„ for Bedford on Wednesday. The numbers, at
NI of the poll, were— Captain Stuart, 422; Sir G.
11 of
let'iktit'elleY, 331.
.44t1! OP ENGLAND INSTITUTION.—The second of a
aLx lectures, given under the auspices of this
tittr°,,ll, was delivered last night, in the Hope-hall,
‘Fict, by the Rev. Dr. Baylee, Principal of St.
;6•111,1i `"°„ll,,oge. The subject selected for illustration was
'teesy,qu. Private Judgment : their limits and respon-
Vg , The attendance, though highly respectable,
ttlle erY numerous ; but those present listened with
!Itltl!tt atest and deep attention to the elucidation of the
ofuorded by the reverend lecturer. He gave an
anent various instances in which private and publir
":itrittasitlght appear to amalgamate with each lathe
ed those with cases w
theagonistic; and drew a lii of
conuloa3r.he said scarcely t 13'
O„el.. 'llBlon, a vote of th,
'otv
GREAT REF
.:IZB 4,14 of In which the gre
tk 11k, watl:dunallity, in or
‘tly ,u4o action and e
„341_ It °II-existent
•

in which they seemed

esents an "ter the battle a
teter the hard-fa
[44514,:' accompat
,t,t4vtitii,Ze.,ll.(l, the dead. '

he present plc
)ccnrred to th,
is Italian cam

Sudden
piteot
' There

itt4 - that dog te,
rl..Dt( 'l°l4 has been s
I (et' doses ~f. •0. the ,-, a capital ,_,A 4es..
_Portraits of sever&
kll7tll.ki gctals, including, bt
'to L , Au.
-4 iitt -.emu, and Berthier.
Di a,. and shadow of the picture
,ire •
is cu view at Mr. Isaac's gallery, Claurct

'e, in which he has int

Napoleon, Mann

The drawing, colon]