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Governtnent of France , aria prepared to enter into arrangements witliYYissajri for the guarantee , of the neutrality of the transit , similar to those entered into by the United States . There are rumours that the United States Government , - as a part of this general arrangement , commits itself to England ' s policy in other questions , especially with reference to its policy in China . This is erroneous . '' It is asserted that Lord Napier has advised the Government of Costa Rica not to make any grants of concessions pending the arrival in Central America of Sir Williani < 3 ore Ouseley ; : The Kansas Convention has adjourned , after having passed -a separate clause sanctioning slavery . No part of the constitution , is to be submitted to the people , but the whole is to be sent ' direct toCongress .:: '
A kind of Gawripore massacre has taken place on one Of the Indian frontiers . A body of emigrants from Missouri and Arkansas ,: numbering a hundred" aridthirtyfive , were attacked about daybreak by a party of Irirdians . The majority were slain on tie first onset . The rest entrenched themselves as best they could , and continued to fire on thfe Indians for one or two days ; but not one of the enemy was killed , and few w ere wounded , owing to their jbeing well secreted . At length the emigrants sent put a flag of truce , borne by a little girl . The savages then rushed ; in , and slaughtered all witli the exception of fifteen infant children , who have since been purchased with much difficulty by the ftlormon iriterpreteis . The account of this sad affair appears to have been derived from , the Indians themselves .
At St . Louis , a bill restricting the issue of State bbiidt to two millions , and providing for the prompt payrnen « of - the interest of those already issued , has passed the Legislature ^ The Railroad Bill ,: and the bill for the payment of theinterest due on the State Bonds , have p iassed the Senate . . ; "¦¦ . y . '; : ••'¦' •¦ ¦¦ : " - ' :- . - / -- : * : ' - ' - - ' - ' - ¦ ' - ' '' . ¦ ¦ . ' : ¦ ¦ pntlie 17 th ult ., all the banksr at New Orleans resumed specie payments in full ; The suspension of Crocker , Sturges , and Nathaniel and Benjamin Goodall , of Boston , isr reported , v The bills of : ' . Messrs . Sather and ChTircb , of San Franciscoj California , and of Messrs . Fiske , Sather , and Church , of Sacramento , on the American Exchange Bank , have been protested to the extent ofabout 200 , 000 dollars . C Tne '' ¦ ¦ Yi sM i *^ e : ;; G 6 mmittekof California have revoked the penalties attached to the sentencesi of banishment prbnpuhcedL by them / : Mining matters iare in a prosperous condition , , ¦ " ' ] :
The Mexican Minister of Justice . has j ust issued a circulardeclaring ; all ecciesiastical decisions in civil and criminal eases ! void . The rumour of a restoration of the export . duty on tobacco is not generally credited . Comonfort has received power to raise ; with all possible expedition the sum of 5 , 000 , <) bQ dollars , which are to ; be borrowed on the security of the unpledged portion of the federal revenue ; to arrange the floating debt on account of outstanding contracts ,, but not to increase thatdebt ; to inake contracts ceding the right of transit w "« the Isthmus of Tehuantepec ; and to increase the federal army . ; .. ¦ ¦¦ ' . ¦ ¦ ' - . ''' ; :- :. . : ; . ' / "' . . ; : ; o -v ¦ ' \ ' ' . ; . ' . ¦ : " / . '' , ¦ -. " [ ¦' The iinancial affairs of the United States are gradually recovering from the late panic . ; .
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•/¦¦^¦¦ v : , ; . ; , :: v , pijblic meetings . '¦'¦ ;" v . v ; "¦/ ' :. ' [ . : ' : ¦ .- ' ' '" ; THE BANK ACTS . ¦; r / : ¦" .,: ' : ' /¦ ; ' ;; ' '¦[ '¦ ¦ : Mkktdjgs are beginning to be held against the Bank Acts . One of these took place at Glasgow in the Merchants * Hall on Friday weiek , wheii the Chamber of Commerce assembled to discuss the question , and finall y adopted these resolutions : — " 1 . That the arbitrary limitation of tlie Bank of England's issues upon securities to 14 , 000 , 000 / . by the Act of 1844 is insufficient for the present requirements of commerce in this country , and a large increased issue is now urgently called .: . fon 2 . That the monopoly of banking how vested ¦ 'in . the Bank of England is inconsistent with freedom of trade and with the advancement of agriculture and
manufactures , which would be greatly promoted by the formation .. of jointrstockbanlcs of large paid-up capital , placed , as bankers , in all respects on an equal footing with the Bank of England , and subject to nccessaxy provisions for public security . 3 f That the Act of 1845 confers a monopoly on the present limited number of banks in Scotland , and this monopoly may be brought within still narrower limits by the winding-up of any of the existing banks . This monopoly is of itsolf a serious grievan . ee , and . is daily becoming more injurious to tho interests of all classes in Scotland , 4 . That recent as
well as former experience proves that the violent action on interest in the rate of discount "by the Bank of England , whenever gold beyond a certain amount is withdrawn for foreign countries , is ruinous to commerce , by causing a great and sudden depreciation in the value of all commodities , and that the interference of Parliament is urgently required to devise some moasurc of relief , and riot to tryst the country to the capricious working of the Bnhk Act . 5 . That this Chamber petition both Houses of Parliament to consider the propriety of modifying or repealing tho Acts of 1844 and 1846 for regulating the issue of bank-riotea . "
At tho quarterly general meeting , held on Monday , of tho Liverpool Chamber of Commerce , the Chairman , Mr . Christopher Busholl , after discussing several questions of interest to tho mercantile body , touched on tho present financial crisis . He thought that tho fact of so much
stability having been shown by the country during the crisis proved that the majority of our commercial men trade on sound and legitimate principles . " Butj while we feel and say this , let us not shut bur eyes to the fact that these oft-recurring crises , through which in our own day . commerce has passed , are evidences true as cause and effect , that there is something wrong in our system , some disturbing cause in the commercial body which periodically breaks out into these fearful epidemics ; Now , it ; cannot be denied that the natural inclination is to look for the cause in some legislative enactiheiH which we think interferes with the sanitary action pi trade . Well , let us by all : rneans inquire into such enactments immediatel
y and without delays and bring to bear alike upon the principles and details involved in them a wise , just , and temperateconsideration . ( Hear , hear . ) But let us not stop here ; let us also inquire whether there is anything within the commercial system to which we may in some degree , if not altogether , trace these great calamities . : ( Heary hear . ) The financial and commercial credit of Great Britain is unquestionably oneofput' greatestdernentsof national prosperity / So far as that credit is based upon bur wealth , industry , and freedom ^ It is a great blessing ; butcredit , like all other good things , may be used or abused . It is legitimately and properly used when it is , as I have said , based upon our capitaL our industry , andpur prudence . It is
shamefully abused when it has no other foundation than a bold and reckless , daring , -which ; regardless ofall consequences , deals with huiidreds of thousands as though they were grains of sand , upon the principle of ' Heads , I win ; tails , you lose , ' andunfortunately , too ; Whentoo often the condemnation or applause attending it depends ¦ tod much upon the measure of failure or success which noiay result . ( Hear , hear . ); Now , seeing that the credit system of commerce is carried pn chiefly by means 6 f bills of exchange ; seeing that thereniust be three parties to each bill- ^ -a drawer , an acceptor , and , last not least , a discounter—it seems reasonable that , if our capitalists ,
bur money lenders , our discpnnt brokers , arid our bankers , isypuld regard the character and means of those who make these billsmore than the mere magnitude of their transactions , they do hold the check-strings in ' tl ^ ir own hands , anpV , have ,: individually and ; collectiyel yv the power at once and henceforth to remedy one great cause of these pft-recurring evils , and ; to restore prudence and safety , in a great degree , to the future operations of cornrnerce . " ( GAceri . ) "With respect to -the " Bankruptcy Laws , Mr . Bushell said / the couucil of the : Chainber had coalesced with the Lav / Amendment Society to effect a reform of those laws . Mr . Horsfall remarked that the
Bank Charter Act had confessedly failed , but that , as long as reckless trading talces place , no amendment of it will be : of any use . —One of the resolutions proposed and . carried-was to the effect that the Council of the Chamber be requested to direct particular attention to the two great topics—rtlie revisioii of the Bank Acts 184 . 4 dnd 1845 j arid the reorganization of the Government of India , in order that the Chamber may be prepared tp take such actions as may be : deemed requisite . Mr . ^ Vatspn seconded the proposition , which gave lise to some discussion , as to the cause of the alleged failure of the Bank Charter , Mr . M'Fie attributing the weakness to the stringent provision for the payment of the Bank of Eiigland
notes in hard cash , without also insisting that all deposits should be in hard cash . Mr . Rawliris said , ¦ •• . if the Bank of England was to be considered a national institution ( as one gentleman bad observed ) , it was not fit to conduct the national business efficiently with , 11 , 000 , 000 / . of its capital lerit to Government , and 3 , 000 , 000 / 1 locked up in bank issues ^ the whole issue to be paid on demand . No doubt the first cause of the monetary difficulty was reckless trading ; but it was a fact established before tlie House of Commons arid House of Lords that the Bank Act , when in operation , increased a panic which it did not prevent . He was very glad the attention of the Chamber had been drawn to the question . —The resolution was then adop tad . '• '' ¦ V '' .: ¦ '
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CONTINENTAL NOTES . . ¦' : '¦ ¦ . ; " ; , - . ¦ , ' . .. ¦ -. " . FRANCE . ' ' . ' ¦ . ¦ . ' , ¦ . '¦ , ¦; ' ' ¦ ; : ; , ' ¦ , . This Legislative Body "was opened last Saturday , when M . Fould , Minister of State , read a communication from the Emperor , to the efTect that the members were summoned together , altliotigh there had not been time to prepare the several bills which were to bo laid before thorn , because the Constitution required that the Legislature should be convoked within six months of tho elections . The verification of powers , and the constitution of the Legislative Body , will occupy the first meeting ; after which the assembly will be prorogued till the 18 th
of January . Count de Morny , President of tho I ^ ogialativo Body , then addressed his fallow members thus : — u Gontlomen , —I am hujipy at finding mypclf once more among you , and proud of being again called to this chair , especially if the choice his Majesty has made of mo meets with your approbation ... . . As the finest buildings are beat viewed at a certain distance , bo it is at a distance from Franco that one is best enabled to judge how grent is her position abroad , and what admiration and rospect tho Sovereign who governs inspires in all men . The loyal , and at the same time firm and moderate policy which has been followed , has replaced abroad tho old prejudices which were entertained towards us by
confli dence and by sympathy ; so that , if absence baa its sbrrows , consbLition may yet be found while afar off in that i sentiment of national pride > yhich every true Frehchman ; carries : in his heart . At home , when , having happilv i traversed severe trials , peace was established and the !; series of bad harvests being over , we were about to enioy , repose and prosperity , the reaction of an unexampled l financial crisis has fallen upon our labour and industry The establishments of credit and French commerce now i prove their solidity , and gather the fruit of their pru-; .-, dence . France , after three successive loans , after three f years of scanty haryests , having followed up the execui tion of public works ,: having ; endowed Paris with
wonderful monuments , is not touched by the disasters which afflict so many other : States . All this indicates prodigious resources , and must give to the whole World a high idea of her power ; Let us hope that this crisis will be of short duration . . i ; . Let us remain faithful to the principles which ' guided the preceding Legislature ; let us not deviate fronithat policy , the programme of which was that real independence does not consist either in blind apprpvaloE in . constant opposiitiori ; that harmony of the great powers of the State is the primary condition of public quiet , and that ^ the most perfect constitution cannot w 6 rk without the ;' ' wisdom . ofv ' inisih . ' . ;"; - . . ' Geh . tlien > eiii , nations at times award moments of favour to those who flatter them , but they only award lasting gratitude to those who serve their true interests . " ;
The two Republican representatiyes for Paris ,: MM . Carnot and Gpudchaux , have addressed the following letter to the President of the Legislative Body : r— " M . le Pre ' siderit , — -The existing laws exact froni members elected ; to the Legislative Body ah oath to which 1 cannot ' subscribe . I have the honour to tender yoii my Resignation . " .- It is said that vGoyerhment proposes to introduce a bill . which' shall force every person presenting himself as a candidate to bind himself to take the baths . in case of election . M . Migeoar —• whose name will be recbt lected in cdnnexionwitn the recent trial—has also resigned , though from a different motive . He has sent the following letter to the Presidenti : — " Paris , Nov . 28 . — -M . le ' PresidentjVrr-In attacking my ; ielection , it : was my
pfrsdn thatwas ainied at . In reality , it is- the ; Corps Legislatif that has beenv .. degraded , ' " the electors ' of the third electoral district of the Haut-lthiri , who haye been offended in their honour , tlieir-independehcej and their dignity ; Not to feel for the just susceptibilities of my friends would be to disregard the high testiinpny of sympathy with which I have been lionOuredj to fail In what I owe to my honourable cpireagueSj and what I owe to myselfc I beg , then , M . le President , to place my .- resignation as Deputy to the Corps Le ' gislatif in the hands of your Excellency , in Order to present myself again to the electors . I trust that the wishes . of the population / . freely expressed ^ **} & he ^^ ^ followed by q bliyipn arid the calming dOAvn of passions ; Permit ine / M . le
Pre ' siderit , to offer to your Excellency the homage of my respect . —rCountMiQEON ,: Member : ' . pf ^ he Council-General of the Haut-Rhin . " A second and niore complete edition of the trial at Colinar has been published .: M . Migebn desired : to distribute it among his colleaguesin the Corps Legislatif ; but this is said to hayebeen prohibited ^ Copies , however , haye been sent to the private residences of the members . M . Migeon , it appears , is determined to take legal proceedings :, against the Prefect of Police for defamation , in respect to a certaih document which ho put in during the trial , and which was far from complimentary to M , Migepn ' s charaqter . —M ; Henon , the Republican representative for Lyons , has taken the oaths after much hesitation .
The Monitew announces the nomination of M . Dupin to the rank of Senator . It also publishes an account of the installation of M . Vaisse as President , and M . Dupin as Procureur-Ge ' ndral , of the Court of Cassation . 'Vhc latter has made a speech to the Court , defending himself from the charge of apostasy in accepting office under tlie Empire after having been the friend and agent of the Orleans family , and after having protested against the seizure by Louis Napoleon of the Orleans property in the early part of 1852—a course which even induced M . Dupin to resign his position of Judge . He now states that he observed at the time of hia resignation that his motives were not political . i "jChc speech was very ill received . ' " . ' ¦ ¦ ' ¦ ¦ ¦ ¦ ' '¦'¦' ¦ ¦"¦ . ' ,- . : . ¦ ''¦ . ¦ ' ¦ ¦ '¦¦
"A son of General Lamorici 6 re , " says the Tunes corrospondent , •? ''Hajs . just died in Paris . As soon as , the Emperor hoard of his illness , he ordered that passports should bo given to the General , arid authorization granted to him to return to France , without any condition whatever . Unfortunately , the boy died before the father had time to avail himself of the permission . " It has since been stated that there were certain conditions , which tho General refused to accept . Groups of unoccupied workmen have gathered in the streets of Lyons , and it is said that there have been disturbances .
A terrible catastrophe lias occurred at tlie citadel of Vinconnes . The interior of tho entrance tower suddenly foil to the ground , burying in tho ruins nearly tho entire post of tho military on guard , and aome soldiers who wero at that time in confinement . Tho great clock was striking two at the moment tho tower gavo way . The officer of the guard , who was in Ilia room at the time tho crash occurred , rushed out in time to buy * - '
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Leader (1850-1860), Dec. 5, 1857, page 1160, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2220/page/8/
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