Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-11-19
From the New York Journal of Commerce
COMMERCIAL NEWS.

Englands Money Market.-A gentleman
well acquainted with English affairs, thinks
there is more implied by the movement de-
scribed below, than appears on the face of it.
This is different thing from the deputation
which went up to London to endeavor to pro-
cure help from the Bank of England for the
Royal Bank of Liverpool. That deputation
returned unsuccessful; but this, from various
circumstances among them, the fact that Sir
Robert Peel in his recent visit to Liverpool.
lodged with the Mayor,-is thought to result
from some understanding with Sir Robert, or
others high in political influence.
Alas for England, she does not understand
her disease. Her position, after all her re-
forms, is fictitious. She lives by legislative
protection. Her religion is crushed under the
enormous weight of state hierarchy, her in
dustry under selfish arlstocracy, and her mo-
ney matters under great central bank. She
must recognize the equal rights of men, in
stead of treading down the masses under the
heavy feet of hard hearted royalty and nobli-
ty. She must open the land to labor, and give
real worth an open road to success Already
the cry OF hunger is heard again from misera-
Bile, prest-rldden Ireland The workshops of
England are turning their millions out of en-
ployment just at the beginning of winter
Some other system must be adopted than that
of stripping the poor of the means of living,
and then requiring those who have stripped
them 10 provide almshouses to receive them
How happy are we rid of National Bank.
If the sinews of our wealth were now all con-
centrated in the great clutch of Il regulator,
everything would be in confusion. But we
! are regulated by Gods laws, and they are al.
ways easy to the obedient
Winners Times, of the 10th, says, in a
postscript, that the deputation had returned un-
successful; but that was impossible, for this
deputation did not leave Liverpool till the eve
ming of the 18th. The Liverpool Times (not
Wilmer's) of Oct. 10Th, has the following:
Deputat1on to Government on the present a.
farming state of Trade.-We have been ia
vored with the following communication from
his Worship the Mayor:
To the Editor of the liverpool Times:
SIR,-1 think it right to state to you, for
the information of the public, that, al the uni
ted request of the several Mercantile Associa-
tons of this town. | have consented to pro.
coed to London this afternoon, in orderto rep
resent to the Government the deporable con.
dition of mercantile affairs
have invited Mr.. VIM. Brown, Mr.. Card
), well, Mr.. Charles Turner, Mr.. Horsfli, Mr.
Hornby, and Mr.. :Nicol, to accompany me
: and | hope their statements may be such as
will induce the Government to interfere.
am, Sir, your obedient servant,
GEO. H. LAWRENCE, Mayor.
! TowN-HALL, 18th October, 1847
/ We understand that it is the intention of the
gentlemen composing this deputation, to ask
the Government to adopt similar course tc
that taken by Mr. Pitt, in the great panic O
1898, when that great Minister at once re-
stored confidence, by the offer of loan of Ex
chequer Bills, on Produce. The sum Offered
|. by Mr. Pitt to the commercial world, was
Five Million; but confidence was restored by
the advance of little more than half that sum
What Is wanted, at the present moment, is Sc
curity that property will not be sacrificed, O
ruinously deprecated, by being forced OF
glutted markets. An offer OF an advance o
Two or Three Millions may save ten times
that amount of property from being thus sac
riticed, and thus put an end to that frightfu
depreciation of produce and manufactures
which is rapidly destroying commercial conf
dence and which threatens, if not arrested
to close almost every mill in this country, an,
to throw the whole population on the poo
rates during the approaching winter, What
. ever may be the permanent remedies prope
to be adopted, the great point now is to arres
} the tendency to death, by some such measur
: as this.