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9gg Tlu Saturday Analyst and Leader. " [...
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KECORD OF THE WEEK. HOME AND CCLCXSTTAlj...
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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The Battle 0t The • •Bank S'- 0tf Englan...
3 £ per cent , they make a profit of S per cent ., and when at 4 i of 4 per cent ., and so on as their rate advances . . The point at issue between the two Banks is not 30 much , which oi them can attract the most money £ y raising the rate of discount , n 8 vH' \ ili can attract for the present crisis the most gold , the basis of their paper money ; aad , in such a ponfcest the . B ^ nk- of England , with its restrictions , has no chance of competing with the Bank of France * free and . unfettered , except by its own discretion . One mode of alleviating the present monetary pressure and preventing a panic is tho suspension of the Act of 1844 , with the view of enabling the Bank of England tOibid on equal terms for gold with the Bank of [ France . l . Another is the remedy suggested in the petition « fc foot , by Which 20 , 000 , 000 , of soverigns may ba set at liberty for exportation ; a petition recommended by me in Oct ., 1857 , as a means of averting the apprehended panic of Nov . 1857 . ..
These alleviating measures I would again submit to the consideration of the public , and especially to the members of Chambers of Commerce whose particular duty it is to attend to the interest of the commercial community . I am . Gentlemen , your obedient servant ,
HAMEE STANSFEIiD . The Grange , Burley , near Otley , 15 th Nov .,. 1860 . " TO THE QUEER ' S 3 IOST EXCEIiBIfT MAJESTY . ' We , the undersigned bankers , merchants , and other liege subjects of the realm , considering that the present foreign drain of gold most seriously deranges the domestic currency of the country , thereby paralysing trade , throwincr the industrious classes out of employment , depreciating property , and increasing unnecessarily the burdens of the war , most humbly pray that your Majesty will be graciously pleased , with a view to counteract these evils , by Order in Council , to empower the
Bank of England , until the sense of Parliament can betaken , to one pound notes to serve as substitutes for sovereigns whenever the Bank minimum rate of discount ? shall exceed five per ceat . yon depositing Government Stocks for two-thirds and gold for "the remaining onethird / of the amount of such issues as a guarantee for the convertibility of the notes , and on paying interest at the rate of four per cent , to the Exchequer for the benefit of the State , on tho two-thirds of which they would have the beneficial use , or on . such , other terms as td your Majesty should seem fit . " And your petitioners will ever pray , & c . "
9gg Tlu Saturday Analyst And Leader. " [...
9 gg Tlu Saturday Analyst and Leader . " [ Nov . 24 , I 860
Kecord Of The Week. Home And Cclcxsttalj...
KECORD OF THE WEEK . HOME AND CCLCXSTTAlj . The difference between the amount of bullion in the bank of last week compared with that of the week before , namely , i £ 5 S 2 , 274 , was nearly balanced by the sum arriving up to the close of last week from Australia , and which amounted to £ 580 , 000 . Consols closed last week at 9 $ l to f . A further drain , of £ 100 , 000 from the Bank took place on Tuesday . On Wednesday an arrangement was come to between the Bank of Etigland and the Bank of France , for the foTmer to intpply the latter with £ 2 , 000 , 000 gold in exchange | p ^ . i 000 , 00 . 0 ' in silver . Securities were improved in consequence , the ^ losing price .: of ' . Consols being 93 $ to f . ^ , ; ^ >" The mortality of tohdon now exhibits that jincreaso which usually attends the closing months of the year , From 1 , 026 in the last week of October the deaths in Ijondoii have risen to 1 , 183 , the number \ n the week that ended last Saturday . The average nutnber of depths , as obtained from corresponding weeks of ten previous years ( 1850— # ) , and for the purpose of comparison , corrected for increase of population , is Ij 264 .. Hence it appears that the dentils in the present return , are less by 81 than they would havo been if the average rate of mortality for this period of the year ihad prevailed ' . As last week closed the Empress Eugenie was in London onijier way
to visit the Duohese of Hamilton , her travelling nom df—not guerre , but voyage—we suppose , is the Countess ae ] a Mplihe Beuvron . The hop "interest" has succeeded in obtaining . ja postponement of tho payment of the duty , The sum . due this tnonxh is not to bo paid until next March , and tho duty in respect of tho present year instead of being collected next March is to stand over until August . Among the vacation speeches of M . p . ' s , may be mentioned one of Mr , Berkeley ' s on the ballot . He shows that in Virginia , United States , whore open voting prevails , the condition , of tho people is very demoralised ; while there is a much more elevated moral in tho States where aecret voting is in use ; the moral intended to be pointed being that ' open voting gives scop © to demoralising influences that would bo exclu-, de , d by the ballot ,
Step ? have been taken for i n itiating a national testimonial to Garibaldi . Tho movement , has commipnoed at Brighton in the shape of 0 penny eub . soription . Brighton , which is represented in Parliament by two pt" tho . most liberal and enlipthtone'd politioiano iix tho ttoasp , Mr . Oopingnam wdKr . White , is nobly vindicating its title to be foromost amongst Liberal constituencies in thia manifestation of sympathy with tho liberator of I , t » ly . . , The close of last > feel ; wag marked in the calendar of calamities b ^ a frightful railway aooidonti , whioh oooured at Atfherstone , Warwickshire , where the Glasgow mail train ran into a cattle train , which by botoo mischance had got or > the Bamo ' plates , ' The stoker of the mail train , and no less than seven , wen incihargppf ^ ha ^ ttle . werp ki ^ dr « nd the j un miotuur
nujnuurp * ^ ei ^ ns . n «« ingi ^ uBuu juu , yjnpny ( I j ; a ,, iq y « uon hkjvpj-, sufferers , were , hardly expsofed to live ,,,., Many 1 ( pf Jbfc , e . pfltofals b e longing to the mail , w e ,, severely l ] V » rt . Opwol havpo , alpq , was made among the . ca ^ Uo , numbere of whioh , pwaphed , rowtilated , and bleeding , werq actually mfaed / ^ p , peU mej ^ with tho eJ | r ^ and frwgmipnts o ( f broken carriage , thoBpcctaqlqpfwr ^ ok ' and nxin being truly piteous to witne ^ B , Lord 3 RoUo , is tho rpprepontativo peer , oi Scotland , ejepted hx tho »*« C : p f . ^« , P « rt ;<» Pfyea > lil <| MdyiHo . ¦ . ¦• A VW ? tn the raattqr of tho proppped Btpne trnniwoy , »» Oxford street , to sxmS ^^^^^ M $ m , tifrwmrii afymfr by a »> jfam fp bon © Teptry , r ^ mroen ^ a th ^ t the < 3 onwdorftt 4 pn of the queation oe postponed
The Queen , soon after the arrival of the Prince of Wales , invited the American Ambassador to visit her at Windsor Castle . Early this week , Mr . Apsley Pellatfc announced his intention of retiring from the contest for Southwark . . The show of hands at tho nomination of candidates for Reading , which took place on Monday , was in favour of Serjeant Pigotty the Liberal . The election terminated in tho return of the Serjeant , Captain Walter being 150 votes behind . A vacancy has oecured in the representation of Hipon , in consequence of the death of Mr . Warrc . Mullins , convicted of the Stepney murder , was hanged on Monday in the presence of , it is said , between twenty and . thirty thousand porsons . He protested his innooense to tho last , but modified his statement about Emms , whom ho exonerated from the suspicions ho had cast upon him . r-
The inquest in referenea to the explosion of a steam-engine at King ' scross , has eventuated in a verdict of very elaborate construction , but which is tantamount to one of accidental death , the jury stating that there is no . evidence to fix criminal neglect upon anybody . They express a hope that Captain Tyler ' s suggestions for guarding the public from similar accidents will receive proper attention , and obtain the publicity they deserve . An application having been made to the Court of Queen ' s Bench , by Mr . CrawBhay , for a rule nisi against Mr . Langley , of the Newcastle criminal information should not
Chronicle , to show cause why a be exhibited against him for publishing articles in favour of Volunteers going to join Garibaldi , on the ground that such publication was contrary to the Foreign Enlistment Let , the f Court refused the application . The Game-laws have recently been characterised as a " moral blight " at a Lincolnshire Agricultural ' Society ' s meeting . This is a significant indication of the progress of liberal ideas . The meeting endorsed the view that the laws in question were productive of tho worst feeling between different classes , and were inconsistent with the prosperity and moral good of every district in which they were in force .
Sir John Trelawney has been addressing his Tavistock constituency ; He expressed his warmest and most cordial sympathy with the independece of Italy and its struggle for freedom , and expressed a hope that Venetia would be extricated from the fangs of Austria ; urged thenecessity of an extension of the elective franchise , the reduction of the national expenditure ; argued in favour of the abolition of Church rates , and declared that in the matter of tho Paper duties the Lords had usurped the functions of the Commons ,, and that the latter , next session , would do wisely to reverse the invidious precedent sought to be established . . . . .. .
The Empress of the French is a godsend for the penny-a-liners 5 as much as the Prince of Wales was for the Jenkinses of America . At this dull time everything is fair game for news , and the papers are making the most of her . Long paragraphs are " going the round , " minutely and fussily descriptive of her . Slie visited Melrose , Abbots * ford , & c . ; and who was expected to visit hor ; how the party took their , tickets at the railway stations : how the people turned ou ^ ennidsse to seO' a real live specimen of Imperiality travelling incogi ; and how they cheered and shouted at they knew nofwhat . Srraugo that a very respectable inoffensive lady cannot travel without all tins nonsense , and Avhut wo should supposo must bo most . oITensivo
annovance . w ,-,. ¦ , , By the Bombay , mail we learn that Sir Hugh Rose had taken stepa for improving the condition of the army both in a moral and a material sense . Workshops aro to bo established , in which the soldiers may practice the trades they understand , or acquire a knowledge of any trade thoy desire to learn . Thus not only will the individual soldier reap a profit , but the wholo army will bo benefited . Wo learn by a private letter from Auckland , New Zealand , that the place is in a very disturbed state ; it is utterly unprotected by the regular troops , and has to rely for protection entirely upon volunteers at akeTho iMigiwh solctwrs
and militia , the r egular forces being aVan . not being used to the b , ush aud irregular fighting , havo their work to do in their encounters with tho Maoris . Jt is tho V Jack tars ' that tho Maoris uro most afraid of . Tho dark colour of tho Maoris being in keeping with tho darkness of night , they steal out altor dusk , and creep along barefoot and noiselessly up to tho sentinel * , whom they km at their posts . " How long this may last , " says our inlonnant , 110 ono can tell , as our Government is noted fov ita dilatonnofls , anc tiio govorn 3 r gpes by tho name of Govornor Wait-a-bit . * _ Iluudreda , we aro tpld ; , who go out can got nothing to do at allj , business u very bad : and people leave the pluoo fibster than they oomo over , u » oonsi ^ au orfoo of the disturbances and fighting . The ablo-bodiod male
populationi we hoar , have to join tho militia . , n Manttfaoxxtrb of Ooncimdnxs von Cattlb .--A long oxponenoa gives Mr . Thorloy many advantagos over his rivuL-rin V ? , -. ? 7- !!?? nortant branch of Industry . TTjo flpat pf the OAt-tlb Food putonta dates January 30 , 1855 , while Thorl « y waro euocossfully pt wojUv-m 1850 inanufac ^ uring TUorWa Mixture , a furiimoooua ootupounU . ac 14 b . perbwt . This-is a long start ahead . This in is turo was a compound of our different kinds of porn , including Indian oovn , «^! }} a J kibbled , and well inixed together ; « nd Thorloy ' s success xn lluU , ao pe ' ndoa upon hia u ^ ng nothing but tho best qualities of corn ho . oouW get , and tlio frank ,, bpnes « > and John Bull manner whwh he assumod with his ouBtomers-Toften peraonally kibbling and mixing his compound in thi-ir proeonoo— thus securing to him many excellent «»»« valMoa friends . Some fivo years' experience , however , taughj 1 wr . Thorley thai ; hb had only taken tho first ; stop in the gi « oat niuion 01 improvomonfi upon whioh he had entered s honoo tho oonoiuBion w » oondirhonfc at wliioh he ni'i'ivod ' . tho now oxooriinontnl onroer upou
which I 10 entered topbtain this , and the roeult t h P attitle-Foorl-Uoaa ment ho now offers tho public Who suooera of Tl > orloy ' H Outtlo JToo « , like the fluocesa pf Thorley ' a Mixture , depends mainly upon the qu « i « J of the matorials of whioli it is composed , oouplod with its « f * *" j proper administration , and tho compounding and mixing oi wo bovw «« ingredient * , so as to preyont the Joes of wrowatio and volwtilo ^ monte , a ^ ih ^ t without regard ^ ° ^ ° 7 " ? wftf ) t 0 of ^\ T ^ nno { fop bo ' long as this is ftttended to , opposition may retard , but pannoe top , the wheel of progress . „
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Citation
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Leader (1850-1860), Nov. 24, 1860, page 14, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_24111860/page/14/
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