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aac> THE L E A D KB. 1&9? *7l * April 2,...
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MONET MARKET & STOCK EXCHANGE.
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MONEY MARKET & STOCK EXCHANGE ¦
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BANK OF ENGLAND. An Account, pursuant to...
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FROM THE LONDON GAZETTE. Ttiesday, March...
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the one shilling duty which is yet paid,...
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HOME, COLONIAL, AND FOREIGN PRODUCE MARK...
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KEVIEW OF THE WEEK. Jfrjday JEvoiung , W...
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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Transcript
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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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
Gold And The Franchise. When The City Wr...
give the franchise cannot now be obtained for 10 / ., and the process is not enfranchising , but disfranchising . If more persons than gave the 101 . in 1832 can now give the 13 Z ., this is due to those wonderful inventions which have reduced the cost of all human productions , and to the free trade forced on a reluctant Legislature , which has permitted labour to increase to a vast extent the means of subsistence and the enjoyments of all . The increase of the
of gold is merely one compensatory part great system . , . Instead of the rise in rent admitting a lower class to the enjoyment of the franchise i t has tended to disfranchise those who did enjoy it . Had the rise in rent not been accompanied by a considerable reduction in the cost of all the necessaries and comforts of life , the disfranchisement in boroughs would have "been very great . Whether the Scotsman or The Leader however , be rig ht
in the effects of the gold discoveries on price , whether the admitted rise in rent have tended to increase or diminish the number of electors , —the deduction is equally plain , that it is unpardonable in the Legislature to mate the rights of the bulk of the community , involving its peace , depend on a fluctuating circumstance , like the rise or fall in the rent of houses . We are not about , however , in this part of our . journal , to discuss the true prinonl wished to show
ciples of representation ; we y that the theoretical conclusion adopted by some writers , of a great fall in the value of g old * has been adopted for a practical and injurious purpose , — that of opposing the extension of the franchise . Those who maintain it are in error ; and are not justified in inferring a progressive enlargement of the franchise from such , a cause , and in resisting the admission of a greater proportion of the lower classes to a share in the representation .
Aac> The L E A D Kb. 1&9? *7l * April 2,...
aac > THE L E A D KB . 1 & 9 ? * 7 l * April 2 , 1859 ,
Monet Market & Stock Exchange.
MONET MARKET & STOCK EXCHANGE .
Money Market & Stock Exchange ¦
The loss On the income-tax , caused by the reduction of the rate , is a subject of rejoicing , not ef regret . One noticeable feature in the share market , in the month now come to an end , is the little variation in Consols ; they having stood at 95 £ to f at the beginning of March , and 95 f to f at the close , while the bulk of the railway shares are 1 , 2 , or 3 per cent , higher at the close than at the beginning . The public securities , therefore , have been more affected by the war rumours and the prospects of loans than the shares of private companies . _ week its
The bulk of the gold imported in the , or equivalent , has been taken for the Continept , whence we are gathering silver , at a considerable expense , to send to India , Our present Mint regulations , therefore , compel the nation to bring gold from Australia , and with it buy silver on the Continent , in order to send it to India , when , if there were no such absurd and contradictory Mint regulations or enactments , the gold would naturally and necessarily flow from Australia direct to India . The State is now repeating , as to the precious metals , the very same error it formerly committed as to timber and coffee , and is forcing them to take two long sea voyages in order to reach the consumer , when one short , sea voyage only is required . The railway calls for April amount to . £ 2 j 274 , 768 .
Friday Evening . The only perceptible effect of the defeat of the Ministers last night was a slight rise in the public securities . Consols closed generally at 95 f , and to-day they were at 95 g > or & better ; but before the close of the market the rise was lost . The business done was very little , and the telegrams from Paris , bringing a further decline of the Three per Cents , there of 10 c , our funds also declined . At the close of
bnsiness the market was very heavy , the communications from the Continent , particularly those from Paris and Turin , being the reverse of assuring . One of the worst features of the times , in fact , is the incredulity of the public . They seem to have lost all faith in statesmen ; and the more they profess , while their acts are closely scanned , the less they are believed . I ? or them the condition is extremely unfortunate , for their power depends on the opinion of the public .
The last week ' s Bank returns having been . favourable , showing , ft > r the period of the quarter , only a small demand on the Bank , money is now easy ; and the approaching payment of the dividends will make it easier for some time . What effect on it the demands for India and for Russia may have cannot at present be foreseen , but it is rather expected that the ease will not be of long duration . It is noticed as one favorable symptom that the , Government deposits are large , and that the deficiency bills it will be obliged to issue for the payments of the dividends , will be only of a small amount . The Bank returns this -week are also favourable ,
The Revenue returns , published this morning , showing an increase in the Customs , stamps , taxos , and Post-ofHco , and a decrease in the Excise and in the Property-tax , in the quarter just ended as compared to the corresponding quarter of 1858 , are regarded « s extremely satisfactory . They justify Mr . Disraeli ' s confidence in the growing resourc . es of the country , and confirm tlie deductions of science ,
that in the Excise as in the Customs , 2 and 9 is not equal to 4 . The decline in the Excise in the face of additional duties on spirits , shows that the smuggler lias intervened , and turned the increase into , hls pocket . We know , at least , that stills are now found -where stills were not hitherto known . Xflnanoicrs , like other statesmen , seem slow to loarn , and fancy thcro is no limit to taxation but their will . They continually find themsolvos mistaken .
Bank Of England. An Account, Pursuant To...
BANK OF ENGLAND . An Account , pursuant to the Act 7 th an d 8 th Victoria , cap . 32 , for the week ending- on Wednesday , the 30 th day of March , 1859 . — ISSUE DEPARTMENT . Notes issued .-.... . £ 33 , 404 , 950 Government Debt £ " . 035 , 100 Other Securities .. 3 , 45 U , 900 Gold Goiri & Bullion 18 . 929 , 950 Silver Bullion .... ——. £ 33 , 404 , 950 . £ 33 , 404 , 950 BANKING DEPARTMENT . Proprietors' Capi- Government Seciital .......... £ 14 , 553 , 000 rities ( including Rest ..... 3 , 658 , 339 Dead Weight , Public Deposits ( in Annuity ) ........ £ ll , 70 S , 3 o 3 eluding- Exche- Other Securities .. 17 , 357 , 488 quer , Savings' Notes ....... 12 , 416 , 730 Banks , Commis- Gold and Silver Bioners of Na- Coin 700 , 520 tional Debt , and Dividend Accounts ) ....: 9 , 346 , 914 Other Deposits .... 13 , 879 , 985 Seven Day and Other Bills ...... 744 , 853 ______ £ 42 , 183 , 091 . £ 42 , 183 , 091 M . MARSHALiIi , Chief Cashier . Dated March 31 , 1 B 59 .
From The London Gazette. Ttiesday, March...
FROM THE LONDON GAZETTE . Ttiesday , March 29 . BANKRUPTS . James Tressaji Burke , Frederick ' s-place , Old Kent-road , hat manufacturer . William Cave , Ferry-road , Millwall , Middlesex , builder . Thomas Andrews , Barton-under-Needwood , Staffordshire , builder . Joseph Stenton , Ecclesfield , Yorkshire , corn dealer . Joseph Faulkner , Liverpool , baker . John Fearson , Maryport , Cumberland , grocer . : ¦ Friday , April 1 . Jonhathan Mort Haslam , Portwoocl , Stockport , cotton doubler . Thomas Druoe , Weymouth-street , Portland-place , butcher . John Frampton , Poole , butcher . Marmaduke Foster , Bradford , bill broker . James Camp , Chesterfield , boot and shoe maker . William Barnes , Uldale , Cuxnberlandshire , mfller . Richard Hawkins , Carmarthen , cattle dealer . John Morgan , Cardiff , cattle derler . Thomas Haywood , Homerton , grocer . John Shepherd , King ' s Lynn , Norfolk , tile manufacturer . George Frederick Rum ,, Crutched Friars , merchant . Thomas Wood , Granville place , Bagnigge-wolle-road , cowkeepor . ' . Benjamin Lonwridge , Barnett , Gracoclmrch * - street , shipowner . Robert Ford , High-street , Marylebono , erocer , William Ajsiihn , Hanloy Castle , near Upton-upon-Severa , Worcestershire , bnkor . Herbert Redgatis and John Redgate , Nottingham , lace manufacturers .
The One Shilling Duty Which Is Yet Paid,...
the one shilling duty which is yet paid , on importscorn not being bonded for duties—will interpose an obstacle to export ^ and be felt as an impediment to trade . Every day , then , brings to li ght more and more the advantages of freedom , and entitles its advocates ^ to say , in all other cases as well as corn let us have freedom—perfect freedom—and be ' assured that the issued—though we do not knowbeforehand what it will be—cannot be otherwise than beneficial . Partly in consequerice of the condition of the foreign [ markets , and partly in consequence of the weather at home , the corn market was firm to day . . ~* .
The Mincing Lane Markets , too , for coffee , sugar , and tea , were all firm ; and there needs but continued peace to make all nations prosperous . In the city , as Mr . Disraeli said , the people are much more for peace than politics ; and they are confirmed in their scepticism in the latter , and their faith in the former , by noticing how little is the effect which political changes—short of war and the apprehensions of war— -have on the prosperity of nations . There is evidently a strong disposition on the part of manufacturers and shippers to do more trade but they are deterred by the unsettled aspect of affairs abroad , and the political uncertainties at
home . It is known that large continental orders are held back , because exporters and continental houses are afraid of the possibility of a rupture of the general peace . Should anything very favourable to a continuance of peace turn up in the course of the week , we may expect to have a busy time of it in our centres of manufacturing activity . Liverpool .- —The . cotton trade has been moderately brisk . In consequence of the advices from America an advance of about ^ d . per 1 b . on the rates of Friday has been effected .
Manchester . — The main feature has been the slackness in the demand for India , and the apprehension that the market has been over supplied . The advices we have recently received do not confirm tins feeling— -though they indicate that quite as many goods have been poured into the markets as they can bear . If this is so then the uncompleted orders which are yet to be sent forward may cause some disturbance , but nothing , it is hoped , likely to prove either of a lasting or serious nature . markets there is muck
In goods for the Eastern now slackness of demand , but for cloths—such as printers and long cloths , fit for the home and continental markets—rather more demand is felt . 'Prices haveto some extent given way , and shippers have come forward with orders . The yarn market has beeu tolerably busy ; this arises from continental orders which have been coining in ever since the intimation of a Congress transpired . Prices are getting firmer , the rise in raw cotton tending to strengthen the position of the spinners . ' ..,. _ __ v of business for the weelc
Leeds . —The amount has been rather below the average . The attendance of buyers was moderate , and the demand lias slackened even for " light" and Paraniatta mixtures . The general prospects of the trade are good , notwithstanding the' temporary inactivity that nas shown itself . . , rpl . Nottingham . — -The lace trade is not brisk . m < hosiery trade is fairly employed . ; , Leicester . —Hosiery trade good in town nnci country districts . rn , . „ „ . ButwiNGHAM . — Trade pretty fair . The ironmaking districts are well employed on railway Coax TuADE . rT-Tho trade is in a sound , but not active condition
GENERAL TRADE REPORT . London , Friday Evening 1 . Tun market reports from Liverpool in the course of the week , which announced the shipment of wheat to America , confirmed the statement we mado last Friday of this extraordinary feature of trado . It ontitlos us to remind the reader , that this happening after tho repeal of the corn-laws , helps to demonstrate that tho blessings of that repeal arc not ovon now half-known . But for a free importation hero , tliore could have been no exportation . In such a oaso , too ,
very . _ . _ . „ nP Since our last remarks on tho growing evil oi strikes , there have boon one or two additional aw putes between employed and employers , aii « j can venture to suggest is , that temper ana goou sense will bo allowed to have their fair weight , nj then we shall not fear a satisfactory solution or uw diffloutios .
Home, Colonial, And Foreign Produce Mark...
HOME , COLONIAL , AND FOREIGN PRODUCE MARKETS .
Keview Of The Week. Jfrjday Jevoiung , W...
KEVIEW OF THE WEEK . Jfrjday JEvoiung , Wn have had a quiet wook in all descriptions of produce No material variation in prices hub ocourroa . The markets , howovov , appouv to i » effected by tho uncertain stato , of nfflilrs at Homo and abroad . Altogether , howovor , trado ia w sound condition .
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Citation
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Leader (1850-1860), April 2, 1859, page 26, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_02041859/page/26/
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