The Liverpool Standard, and General Advertiser.
Liverpool, Merseyside, England, 1854-07-25 00:00:00

Ihas resulted
a precisely similar cha

the arra

tion may be inadmissible, as a defence incases of breach
of military etiquette, may be a matter of dispute; but,
surely, uncalled-for insult, towards even a man of " meek
gentlemanly conduct, and, for the

is no part of

the list of military virtues !
HER MAJESTY and the Court have departed for the
happy and sylvan seclusion of Osborne. The London
season—as that is represented by royal levees, drawing-
rooms, and state balls—is over, and even the stirring
attractions of aristocratic soirees are fast yielding to the
-

us ca rural sunshine, marine zephyrs, and heath-
scented breezes. The belles of the season have begun to
count the number and value of their conquests ; the sigh-
ing ADONISES are beginning to speculate upon rustic
freedom, and the bracing exercise to be obtained in hill-side
and aquatic sports. Mmoss are put under a course
of careful it-u-wet-inn_ and fichincr.fneldp

In point of fact, the leading circles are beginning
to assume their epicycloidal course, and to roll off from
each other. Change, in posse or in prospective, is now the
order of the day, and even amusements of all kinds are
submitting to its sway. At the Panopticon, which is
rising rapidly into rivalry with the Polytechnic, Professor

CREASY is to deliver lectures on the Turkish and Russian
empires, and Dr. LATHAM to discourse on language and
the industrial intercommunion of nations. The recent
displays of Caffrarian and Chinese curiosities at Hyde-park
Corner have given place to a Turkish Museum; and as
Turkey is the object of our warlike protection, so its pro-
ductions and condition, the habits and capabilities of its
people, and the historical associations which unite them to
the destinies of Europe, are becoming topics of our peace-
ful study and consideration. The lecturing mania seems
still to spread, and through the media of Mechanics' In-
stitutes, and their swarms of demonstrating savans, intel-
lectual nobles, and erratic authors, the culture of the
millions receives an amount of attention to which the
earlier generations of our toiling countrymen were
strangers. Occupying a foremost place in consideration
among educational philanthropists is the educational exhi-
bition which was opened at St. Martin's-hall, in Long Acre,
at the beginning of the present month. It was opened
by a grand ceremonial display, in which upwards of 1,200
gentlemen assembled from all parts of Europe and Ame-
rica, and headed by Prince ALBERT, took part. The col-
lection of materials, immediately or remotely connected
with education, sent for exhibition is extensive, varied,
and interesting. All the educational institutions in Eng-
land have contributed series of their class-books and
school machinery, and many publishers have forwarded
educational pictures, maps, and school-books. An inte-
resting feature of the collection is contributed from the
educational resources of the Royal Family. In the great
hall are three little but very interesting cabinets, contain-
ing specimens of natural history, vegetable and animal,
and a series illustrative of the growth and manufacture of
cotton. The collection in those three cabinets form part
of the educational museum of his Royal Highness the
Prince of WALES, and they occupy a conspicuous portion
of the hall. On the subject of education, a recently-
published report on the factory system by Mr.HOBSER,

inspector of factories, speaks in terms highly favourable
of the working of the educational clauses of the Factory
Act. He says, " The good that has been effected by the
education clauses of the Factory Act, wherever there is
a really good school, is the happy result of the first trial
made in this country of a legislative compulsory educa-
tion, combined with an industrial employment of the
children, that brings in wages to their parents, and it does
not appear to me to have received the attention it deserves
from the earnest friends of the education of the working
classes. It has now been shown abundantly, by the expe-
rience of nearly twenty years, that it is quite possible to
give, in half-a-day of regular attendance at school for three
or four years, a very considerable amount of solid in-
struction, while at the same time a child can earn no small
amount of its maintenance, certainly more than to clothe
it well, and pay for its education. There are numerous
instances of children who, while working daily in the
factory, and attending school one half of the day, have
made such progress that they were enabled to stand suc-
cessfully the strict examination for pupil teachers. There
appears to be a growing conviction that, until there has
been a succession of educated parents among the humbler
classes, capable of appreciating the good to their children
by a long and regular attendance at school, we never
shall have them sent, if their parents can turn them to
money account, small though the wages they get with
them may be. It must, in some form or other, be made
obligatory, and the successful working of the Factory Act
in this respect is a very successful beginning. It is a
great fallacy, in my opinion, to designate such an obliga-
tion as an unjustifiable interference with parental rights ;
for, if such a law existed, it would be felt by those only
who neglected their parental duties." As a zealous and
intelligent advocate for the education of the masses, and
as one who has not confined his advocacy of this subject
to speculative theory, but has lent important and material
aid in forwarding the cause he advocates, the opinion of
Mr. HoaNsa is one entitled to much weight. It is
founded on practical knowledge, and is backed by intelligent
and sound philanthropy. It may not be so generally
known as it ought to be, that the extensive existence of
Mechanics' Institutions, with whatever amount of advan-
tages may have arisen from them, is in a great degree
owing to the personal exertions of Mr. HORNER, who, in
conjunction with the late Mr. ROBERT BRYSON, an intel-
ligent watchmaker of Edinburgh, originated, in 1821, the
School of Arts in that city, an institution which stands
deservedly high among such institutions, whether viewed
in relation to its organisation, or amount of success, as
these are to be estimated by the number and eminence of
the students it has produced, or as having operated ex-
tensively in the spread of those institutions.
The season just drawing to a close has been generally
complained of as a very dull one ; alike undistinguished
by pre-eminent excellence or striking novelty in any one
branch of literature, science, or art. Judging, however,
by practical results, it will be remarkable for many
features of a gratifying character. The fine arts and
their humanizing influences seem to be decidedly in the
ascendant, a proof of which may be readily found in the
fact that on one day not less that £l5O was taken as the
amount of shilling admissions to the Royal Academy Exhi-
bition, and That on many occasions the rooms were
crowded to an. Inconvenient degree, and mostly by mem-
bers of the Middle and 'humbler classes. When a taste
for the iporocluctions of firt is thus found pervading the
trunks of labour, the extent of its popularity and the
'certainty otits•triumph are obvious and secure. Not only
Ire its intermits tared for and its triumphs hailed by the
' masses, the highest in rank, and the most influential in
Station vie with each other in honouring its professors and
promoting its welfare. In Paris, as all the world knows,
there is to be a grand international exhibition of art
triumph.o bj llring professors ; and our government has
confided the honour of British art in painting to the safe
keeping of the Royal Academies of London, Edinburgh,
and Dublin, of the fitness of Sir CHARLES L. EASTLAKE,
and Sir Joss WATSON GORDON to support this honour,
no one can doubt ; and it will be admitted an illustra-
tion of true liberality which associates with the presidents
of the distinguished schools named, the president of the
National Institute of the Fine Arts; Sculpture is to be
cared for by Sir R. WEBTMICOTT, -Mr. W. CALDER
Hams am, and Mr. JOHN BELL, the two• latter gentle-
men
Caledonian metropolitans, though resident in London.
Professors COCKERILL, DONALDSON, and Mr. SCOTT, of
the Architectural Museum, will take care of architecture's
reputation; while Messrs. ROBINSON, LANE, and WOR-
NUN will worthily represent the engravers and litho-
g'tphers.

On Tuesday last the inauguration of a monument to the
memory of THOMAS Hoon, the wit and moralist, took
Place in the cemetery at Kensal-green. The ceremony
was gone through in presence of a considerable number of
interested spectators, the chief portion of the ceremonial
proceedings was entrusted to 31r. MONCICTON MlL:szs,
and the whole passed off in a manner in eveiy way suitable
to the occasion. A London committee has been formed
for the purpose of aiding in collecting subscriptions to
erect a statue in commemoration of the late Professor
WlLSON,—famous as a poet and novelist, distinguished as
a moral philosopher, and illustrious as a magazine writer;
among others who are on this committee are Mr. JOHN
GIBSON LocKnenr, his late friend and literary coadjutor,
and Mr. T. B. MACAtLAY.

literary curiosities c

••••
~,,pade more witty than tasteful, and pro-
sarcastic than either, which has obtained an
_at questionable popularity. It
shape of a parody on the inaugura-
,served at the opening of the Crystal

somewi

t seem admirabl

suited to be

pantomime. The various
the Sydenham Palace are
of burlesque songs

characters connecter
introduced as delivering themselves

Titat ivE

This is

That describes the house that Toe built;
And its height immense, and its laviAt expense,
And its horticultural ornaments,—
(Though we dare not say that we think it will pay,
But the best shall be done in the newspaper way);—
And its acres of glass, and gardens and grass,
And frescoes and models, and illustrious noddles,
And stuffed bears and lynxes, and palm-trees &sphinxes,
And lightly-clad figures of Earthmen and niggers,
And temples and shops, and statues and strops,
And its things for sale, and pints of pile ale,
That lay in the house that Joe built !

The theatres have been all agog, notwithstanding the
absence of several of the leaders, who have been "starring"
in the provinces. Madame GRISI has fixed her farewell
benefit and last appearance in London for the 7th of next
month, on which occasion she will sustain her favourite
characters in an act of "Norma," an act of " Lucrezia Bor-
gia," and an act of " Les Huguenots." Mr. C. MATnEws,
who has been visiting, and of course delighting, his friends
in Liverpool and Manchester, returns to town in the be-
ginning of the week, and takes a benefit on Wednesday,
in which he will receive the kind wishes and co-operation
of his brother managers ; the smiles and countenance of
the public will not, of course, be wanting.

COMMERCIAL de MONETA.RF

IVETVS.

MONDAY NIGHT.

THE uncertainty which has prevailed as to the
progress of the war with Russia necessitating
fresh supplies for expenses, and the insurrection in
Spain, have had rather a depressing effect upon
the value of public securities, which have slowly
retrograded, but partially recovered towards the
end of the week. Money has not, however, been
greatly in demand for commercial purposes,
although no reduction has yet taken place in the
rate of discount. It is said that there has been a
renewed demand for gold for exportation to the con-
tinent, but it is believed that the arrivals from
Australia will be sufficient to satisfy this demand
without drawing upon the stores in the Bank of
England. The bank returns on Friday show a
decrease in the stock of bullion to the extent of
£197,333, but this may be considered a very small
reduction when taken into account with the pay-
ment of the dividends, as shown by a reduction of
about a million and three-quarters in the public
deposits. It will be seen that several alterations
have taken place in the several items of the bank
returns, but as they have been obviously caused by
the transactions consequent upon the settlement of
the dividend, they afford but little information as
to the state of the money market. It may, how-
ever, be remarked that nothing of importance has
occurred to disturb the general feeling of confi-
dence in mercantile security, and that the pro-
mising aspect of the approaching harvest has a
favourable effect upon the home trade.
In the cotton manufacturing districts there has
been an improved demand both for home consump-
tion and export, and prices have shown a tendency
to advance, though not as yet to any great extent.
There has also been a slight show of improvement
in the woollen trade, and it is believed that the
lowest point has been passed, as stocks are very
short, and the demand for the autumn trade has
this year been unusually late.
The effects of the recent fine weather, so pecu-
liarly favourable for the approaching harvest, have
been sensibly felt in all the corn markets, and the
fall in prices has been augmented by the recent
large arrivals of breadstuffs. The trade is as yet
in a very unsettled state, as no purchases are made
beyond demands for immediate consumption, and
holders are unwilling to make heavy sacrifices in
order to realise. The reports from almost all the
agricultural districts describe the wheat crops as
promising great abundance, and the breadth of
land in wheat being larger than ever before known.
In our market to-day between six and seven
thousand barrels of flour were sold. Western
was about 305., and Baltimore and finer quali-
ties 30s. 6d. to 31s. per barrel, a reduction on
Friday's prices, but not so great as was anticipated.
Potatoes have also been very extensively cultivated,
and, with very few exceptions, the crops are looking
very healthy, so that there is a reasonable prospect
of an abundant supply of this important article
of food.

The advocates of decimal coinage had an inter-
view the other day with Mr. CARDWELL, in order
to enforce upon the Ministry their various argu-
ments for its adoption. They were met by the
rejoinder that the change rested with the people
rather than with the government, and that while
there were many difficulties which had yet to be
surmounted, a change in the coinage was always
received with suspicion. We repeat, notwith-
standing the many names of learned men adduced
in support of the project, that its advantages
would be infinitesimal when compared with the
many and serious disadvantages upon the whole
community. For all practical purposes, the
present system is far more beneficial, inasmuch as
the coinage is divisible into the ordinary fractions
of every-day business, which the decimal system
would not be, while the adoption of the latter
would entail endless confusion in all country mar-
kets and small shop-keepers' concerns, and at the
same time destroy all ideas in the public mind of
value derived from old associations. If the pound
be retained as the unit of value, the penny would
be practically destroyed, while the adoption of any
new unit would only increase the mischief. The
recent coinage of the florin has proved an injury
rather than a benefit, for it has repeatedly been
taken for a half-crown, and it serves no useful
purpose whatever. The most that can be said in
favour of a decimal coinage is that it might in a
very slight degree facilitate the labours of mer-
chants' clerks, and almost as much might be
gained by instructing them to discontinue dotting
their i's and crossing their t's, a gain so trifling
that it is hardly worth while disturing the coin-
age and unsettling the monetary transactions of
the country for its accomplishment.

A statement of the exports of bullion from
London durinc, the half-year ending the 30th ult.
shows the total to have been £15,331,960, of which
£11,869,000 was gold, and the remainder silver.
Of this aggregate of gold and silver the propor-
tions were to India, China, and Mauritius
£2,073,130 (the amount of silver to China being
£1,669,470) ; to Australia and New Zealand,
£29,400 ; to the continent, £12,187,820 ; to the
Mediterranean, £778,660 2 • to the West Indies,
£197,250 ; to Brazil, £18,700 ; and to Africa,
£47,000.

The arrivals of specie last week reached a-total
of about £850,000, the whole of which, with the
exception of about £150,000, was in gold. The
exports are estimated to have amounted to about
£500,000, of which £250,000 consisted of silver
to the East.

The return from the 'Rank of England for the
week ending the 15th of July gives the following
results, when compared with the previous week

Public deposits X 3,207,955; Decrease£l,74o,B67
Other deposits 11,655,973; Decrease 915,356
Rest ... 3,309,129; Increase 43,309
On the other side of the account—.
Government securities 812,470,237; Decrease £507,000
Other securities ... 14,234,926; Decrease 1,685,272
Notes unemployed ... 6,402,980; Decrease 374,440

The amount of notes in circulation is £20,682,965,
being an increase of £161,725 ; and the stock of
bullion in both departments is £13,823,872, show-
ing a decrease of £197,335,when compared with the
preceding return.

ISSUE DEPARTMENT,

Notes issued ~. £27,085,945 Governmt. Debt £11,015,100
14:her Securities 2,984,900
Gold coin & bu11'n.13,085,945
!Silver bullion „.

£27,085,945 £27,085,945
BANKING DEPARTMENT.
Prop. Capital ... £14,553,000 GOT. Securities £12,470,237
Rest ... 3,309,129 Other Securities 14,234,926
Public Deposits 3,207,955 Notes ... 6,402,980
Other Deposits 11,655,973 Gold & Silver Coin 737,927
7•day & other bills 1,120,013

t 33,846,0701

Z 33,848,070

L All
for th

prospects

1,210 hales, of

week up to F.

generally

iday amount

Our SHARE MARKET opened on Wednesday with
extreme dulness and inactivity, and without
variation in prices. On Thursday prices improved
some half per cent., from a scarcity of stock being
reported in London, and this advance has progressed
about half to three quarters per cent. additional
during the week, with a slightly increased amount
of business doing, but without any new feature.
We annex this day's prices :—Blackburn, 58 ;
Caledonians, 31f, ; East Lancashire, 164 5-16 ;
Lancashire and Yorkshire, 674 if 7 ; Liverpool,
Crosby, and Southport, 121; London Stock, 105+ 5;
Sheffield Stock, 24 ; BMidland Stock, 67 68 ;
North British, 8 7-16 ; South Eastern, 19+ ; York
and North Midland, 271 Leeds Northern Fifths,
(second issue), par 2 • Manchester, Sheffield, and
Lincoln £lO shares, 7-16 p; Steam Tug Co., 81.
COTTON.—There has been a greatly improved
trade during the week, as far as amount of business
is concerned, but prices have not improved, owing
to the recent large importations and the great
quantity brought forward, but holders have been
firm, induced by the fine harvest_weather and the

THE LIVERPOOL STANDARD, AND GENERAL COMMERCIAL ADVERTISER.

LATEST INTELLIGENCE.

T H E

T
W

VIENNA, SA.TURDIY--011 the 19th a battle Iva, fought
near Giurgevo, in which the Russians were completely
defeated, and two of their generals killed.
Prince Gortschakoff's mission has entirely failed.
The Emperor Francis Joseph will not disappoint the
expectations of Europe.
VIENNA, SUNDAY.-It is announced that General
Gortschakoff will maintain possession of both Princi-
palities, if necessary, with 200,000 men.
To all official documents published in the Principalities,
in which the name of the Emperor Nicholas occurs, the
words "Protector of the Danubian Principalities" must
be added.

An insurrection has broken out in Parma. The inha-
bitants fired from the roofs and windows.

Austrian troops will perhaps enter the duchy and occupy
the strong positions.

PARIS, SATURDAY.-The Moniteur confirms the fact
of the formation of a cabinet under the Duke de Rivas, as
well as of a battle between the forces under O'Donnell
and the Queen's troops under General Blaser. On the
12th Madrid was still disturbed.
The Moniteur also contains a despatch from Biarritz of
the 21st, announcing that the Emperor and Empress
arrived there on that day. The people received their
Majesties with enthusiasm.

PARIS, SUNDAY EVENING.—It is said that Count
Montemolin, accompanied by General Elio, has entered
Navarre, where a Carlist movement has broken out. The
French government is about, it is said, to establish a corps
of observation on the Pyrennean frontier. According to
the Cons titutionnel, Queen Christina has disembarked at
Port a Vendres.

DAITTSIC, SUNDAY EVENlNG.—Bomarsund, in the
Aland Isles, is to be bombarded on the arrival of the
French troops. The fleet has left Baro Sound, and the
cholera has nearly disappeared.

SCIWIILA, JULY 10.—Three Austrian officers of rank
have arrived as commissioners for the imperial army, and
left to-day for Varna. Omer Pasha has returned from
Varna, and goes in a day or two to Rustchuk. A detach-
ment of English cavalry, under Lord Cardigan, has arrived
here, after a long reconnaissance on the banks of the
Danube. The detachment returns to-day to Devno, from
which place it has been absent about a fortnight.
CONSTANTINOPLE, JULE 13.—Captain Parker, of the
Firebrand, was shot through the heart at Sulina, on the
9th, and buried at Constantinople on the 12th with mili-
tary honours. Commander Stewart, son of Admiral
Stewart, is promoted in his place.
ODESSA, JULY 14.—Yesterday three steamers arrived
and destroyed some works erected here. The allies fired
some thousand shots. The Russians (as usual) lost 1 man.

BY JOSAPHAT AND CO.'S CONTINENTAL

TELEGRAPH,

THE WAR.

VIENNA, SUNDAY EVENING.--The official communica-
tion of the answer of Russia has left, yesterday, for Lon.

THE BALTIC,

HAMBURG, SATURDAY EVENING. - Several English
transport-ships, carrying French troops, have passed the
Grand Belt, and entered the Baltic, without stopping at
Nyborg. They were seen from Nyborg early this after-
noon.