New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-09-30

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sesuieseence Of the visiting magistrates I'd 'he repre-
sesatens which made to them BY interested par
ties and at their utter want OF sympathy with the We
us Their solicude for the barbarous gaoler was 80
xreat that they regularly forewarned him OF their ap-
nrosekine v,its The chief culprt Lieutenant Austin,
i one OF those persons whom Carlyle designated in his
Model Prisons as the true officers Of the pauper and
criminal
One Of the topics of the day is Railray morally
The Yorkshire and Lancashire Board OF Directors par
feuIsry announce their tickets that whatever scc
"dent may happen, whatever injury may be inflicted
ssthrough their own negligence that OF their ser
wants they would hold themselves ebsoved from all
illegal responsibility At the same time the Directors
Of the Birmingham and Shrewsbury line appeared be-
fore the eChanceor Court Saturday for having
cheated their own shareholders There exists rival
nv between the Great Western and the Northwest
srn lnes "a TO which Of the two should absorb ''e
sAove line in question The majority OF the snare
holders benp in favor of amagamation with the Nortn
wesse,, and the Directors Of absorption into the
c.. W.s,erp. IL occurred 70 the latter TO turn
,.mber of shares held by them in trust for the Com
many TO account for the manufacture of fictitious vo
ers For this purpose the shares were transferred to
A pamber OF nominal bolders-in some instances "
would seem without the concurrence OF the parnes
whose names were used and in one instance to enid
Of nine years Of age-who paid no consideration ior
the shares but executed retransers Of them into the
hands Of the Directors and supplied them' IN virtue OF
their nominal ownership with given number OF
proxies TO insure majority in favor OF the union WIN
the Great Western The learned Judge remarked
that ANYTHING more fragrant or more gross could
a. sesrcely be conceived, and the way IN when inc
. plsn had been carried out still more gross.
With this reflection he dismissed the guilty parties
AZ ia usual among the bourgeoisie, while poor dey
Of poetarian would have been suie TO be transport
ed for theft beyond five pounds
Ills curious to observe the British public in it's fluc-
tusne indignation against the morality ofmi lords
and now against the ptowners, now against the little
dealers in aduerated drugs, and then against the rail-
vsymeD who have supplanted the obsolete hghwaymen;
in short against the morality of every particular ela's
of capitalists Taking the whole, 1t would seem that
capital possesses peculiar morality of its own, kind
Al superor law of a raison ftat while ordinary NOR
ala are thing supposed to be good for the poor people
Manchester Parliamentary Reformers seem to be
IN pretty FIX The election revelations Of the lastses-
MON concerned almost exclusively boroughs, and even
the great Ones as Hull, Liverpool Cambridge and Can
terbury. The liberal broker, Mr. Coppock
confessed in fit of yeracty: "Wbat st. Adams was
sll other boroughs are" Now the oigarchy mediate
turning these exposures to recount in eectIng reform
IN favor of counties and at the cost of bOroughs. The
Manchester Reformers, who desire no general exten-
SIGN of the suffrage, but only one within the borough
lin it's are, of course dumb under such proposition
Il ia pitiml to see how their organ, The Duly Ne1s
struggles to get out OF this difficulty
On January IA, 1916. the Bank rate of interest was
Tased to "a ~ cent on jan II, 1916, TO ~ cent
and IL was not until April ls47 that the rate rose TO
" cent but il is known that in the last three weeks
Of April 1s47 almost all operations of credit were at
q deadlock. In 1853 the upward movement of tho
Bank rate of interest was by far more rapid From
y cent at which it was on oath April 1852 it rose to
"a ~ cent on Jan g. 1853 to }Y cent the 22d ofthe
sane onth to "a " cent on the 4th june to U cent
on the LIST of September, and already the rumor runs
through the city that it will shortly rise to ~ cent.
In Nov. 1876, the average price of wheat was 500
Or In the latter weeks of August 1852 IL had reached
65j to 66. About this period last year the Bank of
England held in lie cellars .tsLsSsOOo
Being difference ACKNOWLEDGEMENTS 535l9Sa
The bullion decreased during last week but one by
f20s575 and in last week by E462 S52 The effect upon
prices at the Stock Exchange has been Immediate ey
cry description Of security declining We read in the
Money article of last Wednesdays Times;
Notwithstanding the depression in the Stock market
Exth,quer Bills remained at per cent discount 20 per
cent premium but impression is entertained that the
Chancellor of the Exchequor In order 10 sustain the price,
causes them to be purchased Government account, in
ne absence of any funds Immediately available for that
puoe by the sales of per cent stocks held ON account
Of Savings Banks
This would be masterpiece on the part of Mr.
Gladstone selling Consols at a low figure and pur.
chasing Exchequer Bills at high one, causing loss
Of hall the income of the per cent stocks by con-
verting them into Exchequer Bills bearing little more
than II per cent interest.
How can we reconcile an uniayorable exchange or
drain OF bullion with the unprecedented increase Of
British exports which at the end OF the year will sur
pa,s by fl6OO0,oOO even tho exports of 1852
sAswe give credit to all the world in the case Of our
ports and pay ready money In the of imports
fargo expansion Of trade at any moment must
saliy had 60 considerable balance In the payments
against ne at the time butwhch be returned when
abe credit upon exports has expired and remtaHces
to be made for them
So says The Economist According to this theory, if
the exports of 1854 to surpass again those of
1853, the exchange must continue to be against Eng
land and commercial crisis would be the only means
oil adjustment The Economist thinks that disasters
like those of isi7 out Of the question because
considerable portion of capital has been fixed
then in railways, etc. He forgets that it has been
converted into factories machinery. ships etc. On the
ether hand Tie 0Dserr0 laments the foolish invest
"ments in JonegH raTcys aud other companies Ofvery