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    ¦ :.::/>;./;.:.¦: PUBLIC MEETINGS. •;, ;...

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    CONTINENTAL MOTES. ¦ •• ;. \ ¦ ' , ¦ ' ¦...

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    Government of France , are -prepared to enter into arrangements with . Yrissari 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 / ' Itis asserted : that : Lord Napier has advised theGovernment of Costa pica not to make ariv grants of concessions pending the arrival in Central America of Sir William Gore Ouseley ; . ¦ ; : Thei Kansas Conyeation has adjourned , after having passed a separate clause sanctioning slavery . No part of the constitution is to be submittedto the people , but the whole is to be sent direct to Congress . ^ :

    A kind of Oawnpore massacre has taken place on one ofthe Indian ^ frpritieTS . ; Abody of emigrants from . Missouri and Arkansas , numbering a hundred arid thirtyfive , were attacked about daybreak by a partypi" Indians . The majority -were slain on the first onset . The rest entrenched themselves as best / they could , and continued to fire ^ on the Indians for one or tw-o days ; but not one of the enemy was killed , and few were woiuided ; owing to their being Veil secreted . At length the emigrants sent put a flag of truce , borne by a little girl . The savages then rushed in , and slaughtered all -with the : exceptionof fifteen infant children , who have since been purchased > yith iiiuch difficulty by the Mormon , interpreters . The account' of this Sad affair appeals to have : heeri derived from the Indians themselves .

    At St . Lonis , a bill restricting the issue of State Ipridt to two millions , and providing for the prompt paj-inenB of- the interest of those already issued , has passed the Legislature . The Railroad Bill , anclthe billfor the payr xnent ; pf the interest due on the' $ tate Bonds , have passed the Senate . /;¦; . ; , ;;¦' ; ' . ., : ¦ ¦ - ^ -- ) A . ¦// : V ; ¦ . Vv . ' : ' ¦¦''• ¦ V-. ' ¦ ¦' . Oa the 17 th ult ., all the banks at , New : Orleans re-, sumed specie payrnehts in - full . ; The ^ suspension ; of Crocker , Sturges , and iNathariiel and Berijairiin Gpodall , of Boston , is reported . The bills of Messrs ; Sather and . Church , of San Francisco , Galiforriiaj arid of Messrs ^ Kske , Sather , and iQliurch ^ of Sacramento ^ on the , American Exchange Bank , have been protested to the extent of about 200 , 000 dollars . , The Vigilance Committee of California have ; revoked the penalties attached to the sentences of banishment pronounced by them ; > f ining ' matters are in a prosperous condition . ¦ . ' •• :

    The Mexican . ' .: Minister of Justice ha 3 jjust iss-ii ed a circular declaring all ecclesiastical decisions iri civil and criminal cases ; void ., The rumour- of a restoration of the export : duty on tobacco is not generally credited ; ^ Comorifort has received power toraise with all possible expedition the sum of 5 , 000 , 000 dollars , which are to be borrowed on the security of the unpledged portion " the federal revenue ; to arrange the floating : debt on account of outstanding . contracts , but riot to increase that debt ; to make contracts ceding the right of transit via the Isthmus of rehuatitepec ; and to increase tlie federal army . ¦'¦¦ •¦ ¦"¦ ,. ¦ ¦ . '•¦; ¦ ¦ ¦' . ¦ , ¦ . ' . ¦' ¦ . ¦/ . ' . ' ;/¦ ¦ ... ; '¦ . ' ¦ ¦ . " •¦ ¦' ¦¦¦¦ ' ¦; . ; ' .. ' . ' v-The financial affairs of the United States are gradually recovering from the late panic . " ::. : ¦ ¦

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    ¦ :.::/>;./;.:.¦: Public Meetings. •;, ;...

    ¦ :.:: />; . /; .:. ¦ : PUBLIC MEETINGS . •; , ; . v ? " ¦ ¦/ ' \ . > V / . ' -. ¦ '¦' '¦ . ¦' ; : ¦¦ ' :: , ¦;; . / : the bank- acts . / '¦' . ¦; ¦ : ' . ' / . - ¦ ; . ¦ . ¦;¦ . •' ; Meetings are beginning to be held against the Bank Acts . One of these took place at Glasgow in tlie Merchants' Hall on Friday week , when the Chamber of Commerce assembled to discuss the question , and finally adopted these resolutions : — " ! . That the arbitrary limitation of the 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 for . 2 . That the monopoly of banking now vested in the Bank of England is inconsistent with freedom of trade and with the advancement of agriculture and

    manufacturer , which , would lie greatly promoted by the formation of joint-stock banks of large paid-up capital , placed , as bankers , in nil respects on an equal footing with , the Bank of England , « nd subject to necessary provisions for public security . 3 . That the Act of 1846 confers a monopoly on the present limited number of banlcs in Scotland , and this monopoly may be brought ¦ Within Btill narrower limits by the winding-up of any of the existing banks . Tins monopoly is of itself a serious grievance , and is daily becoming more injurious to the interests of all classes in Scotland . 4 . That recent as

    well : as former experience provea that the violent action on interest in the rate of discount by theI Sank 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 measure of relief , and not to trust the country to the capricious working of the Bank Act . 5 . That this Chamber petition both Houses of Parliament to consider the propriety of modifying or repealing the Aots of 1844 and 1845 for regulating tho issue of bank-notes . "

    At the quarterly general meeting , held on Monday , of the Liverpool Chamber of Commerce , the Chairman , Mr . Christopher Bushell , after discussing several questions of interest to the mercantile body , touched on the present financial crisis . Ho thought that the fact of so much

    stability haying been , shown by the country during the crisis provedthat the majority of pur commercial men trade on sound and legitimate principles . ; " But ^ while we feel and say this , let us riot shut our eyes to the fact that these oft-recurring crises , through which in our own day commerce lias passed , are evidences true as cause and effect , that there ia something wrong in our system , some disturbing cause in the commercial body which periodically breaks out . into these fearful epidernics . Now , it cannot be denied that the natural inclination is to look for the cause in some legislative enactment ¦ which Sve think inteiferes with the sanitary action of trader "Well , let us by all means inquire into such

    enactments immediately and -without delay , and bring tobear alike upon the principles arid details involved in them a wise , just , and temperate consideration . ( Hear , li ^ ar . y But let us riot stop here ; let us also inquire ¦ whether there is anything within the commercial system to which we may in some degree , ifnot altogether , trace these great calamities . ( Hear , kear . ) The- financial arid commercial credit of Great Britain is unquestionably one of cur greatest elements of riational . prosperity ^ : So far as that credit is basedupon pur ' wealth , inclustry , and freedom , it is a . great blessing ; but credit , like all other good things , may be used or abused . It is legitimately arid properly used \ Vhen it isj as I have said , based upon our capital , pur industry , and our prudence ; It is

    shamefully abused when it has rib oiher foundation than a bold and reckless daring , which , regardless of all conser-• quences , deals with hundreds of thousands as though they were grainsofsand , upon the principle of 'Heads , 1 win ; tails , you lose , ' and unfortunately , too , when '" too . often the condemnation or applause attending it depends top much upon the measure of failure or success which may : result . ( Ilearihear . ) : Npw , seeing that the credit system , of bonimerce is carried pri chiefly by means of bills : of exchange ; : seeing that there-must be three parties to each bili- ^ a drawer , an acceptor , and , last not ¦ - least , a discounter—it seems reasonable that , if pur capitalists , pur iripney lenders , our discpunt brokers , and our bankers , " would ' regard the character ^ and means of those who

    make thesei bills more than the mere : magnitude of their transactions , they dp . hold the check-strings in their own hands , and have , individually arid collectively , the power at once arid henceforth to remedy one great cause of these oft-recurring evils , arid to restore prudence arid safetyy iri a ; great degree , to the future operations pf commerce . ' ! ( Cfo ^ . ) v : Witb r ^ fiaws , Mr . Bushell said-the council of the Chamber had coalesced with the ; -Law Amendment Society to effect a reform , of tbose laws . Mr . Horsfall remarked that the Bank Charter Act had confessedly failed , but that , as long as reckless trading takes place , no amendment of : it will be of any use .-r ^ -Onepf the resolutions proposed and carried "was to the effect that the Council of the Cham ^ Tber be requested to direct particular attention to the two great topics- ^ -the revision of the Batik Acts 1844 and

    1845 , and the reorganisation of the Gbvernrnent of India , in order that the Chamber may be prepared to take such actions as may be deemed requisite . Mr . Watson seconded the prppositipn , which gave rise to some discussion as to the cause of the alleged failure of the Hank Charter , Mr . M'Fie attributing the weakness to the stririgent provision for the payment of the Bank of England notes in hard cash , without also insisting that all deposits should be in hard cash . Mr . Kawlins said , if the Bank of England was to be considered a national institution ( as one gentlenaan had observed ) , it was not fit to conduct the national business efficiently with 11 , 000 , 000 ? . of its capital lent to Government , and 3 , 000 , 000 / . 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 the House of Commons and House of Lords that the

    Bank Act , when in operation , increased a panic which it did riot prevent . He was very glad the attention of the Chamber had been drawn to tho question . — -The resolution was then adbp tad .

    Continental Motes. ¦ •• ;. \ ¦ ' , ¦ ' ¦...

    CONTINENTAL MOTES . ¦ ; . \ ¦ ' , ¦ ' ¦ ' ; ' : ¦' ;¦ , \ : -FUAHCK . . ' ¦ . ' . ¦; . /¦ ¦ ; ¦ This Legislative Body was opened last Saturday , when M . Fould , Minister of State , read a communication from the Emperor , to the effect that the members were summoned together , although there had not been time to prepare the several bills which were to be laid bofore them , because the Constitution required that the Legislature should be convoked within six months of the elections . The verification of powers , and the constitution of the Legislative Body , will occupy the first meeting ; after which tlie assembly will be prorogued till the 18 th

    of January . Count de Morny , President of the Logislativo Body , then addressed his ftllow members thus ; — u Gentlemen , —I am happy at finding myself onco 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 best viewed At a certain distance , so it is at a distance from ITranco that one is best enabled to judge how great is her position abroad , and -what admiration and respect the Sovereign who governs inspires in all men . Tho loyal , and at tho same time firm and moderate policy which has been followed , has replaced abroad tho old prejudices wliich were entertained towards us by < xmfl

    dence arid ^ by ' . sympathy . ' that , if absence : hasits sarrpws , consolation may yet be found while afar off in that sentiment of national pride which every ; true Frerichman carries in his heart . At boniiei when , having happily tiaversed severe trials , peace was established , and , the series of bad harvests being over , we | -were about to enjoy repose and prosperity , ; the reaction of an unexampled fiaancial crisis has fallen upon our laliour and industry The establishments of credit and French commerce now prove their solidity , and gather the fruit of then : prudence . Erance , after three successive loans , after three years of scanty harvests , having followed up the execution 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 resburces , and must give to the whole world a high idea of her power . Let us hope that this crisis will be of short duratiorii .... Let us remain faithful to the principles which guided the preceding Legislature ; let ua not deviate from that policy , the programme of which ¦ was that real independence doe 3 not consist either in blind approval or in constant opposition ; that harmony of the great powers of the State is the primary condition of public quietj and that the most perfect constitution cannot work without the wisdom of man . Gentlernen , nations at times award moments of favour to those who flatter them , but they only award lasting gratitude to tliose who serve their true interests . " -

    . The two Republican ' repres € iritatiy « s for P > ri % ; MM . Carnot and Goudcliaux , hav « addressed the following letter to the President of : the Legislative Body : ^— " 31 le Pr ^ sident|—^ The existing lawsi exact frbrri meriVbers elected to the Legislative Body an oatli to-which I cannot subscribe . > I have the honour to tender you nay resignation . " : It is said that Government proposes to introduce a bill which , shall force every- perspri presenting himself as a candidate to bind himself to take the paths in case of election . M ; Migebn- — -whose name will be recollected in connexion with the recent trial—has also resigned , though from a different motive . He has sent the fpllbwirig letter to the President : 4— Paris , Nov . $ 8 . ^—" M .-

    16 : President ^— --In attacking : ^ riy ; election , it was my person that was aimed at . . In reality , it- is the Corps Legislatif that has been degraded , . lhe ;; dejbtoi ' r ^" 0 fvthe third electoral district of the Haut-Rhin , Who have been offended in ' their ; honour , theur independence , arid their cHgiiity-. ^ Not , to > feel for the ' jjustsusceptibiiities of-my friendsi would be to disregard the liigh testimony of sympathy with which I hav « been hohoufed ,: to fail in what I owe to my honourable coileagues , and what I owe to rnyself . I beg , then , M . le President ,: to : place my f esignatipn . as Deputy to the Corps Legislatif ia the hands of ybuir Excellency , in order . to present myself again to the electors . I trust that the wishes of the population freely expressed may be foUowed by oblivion

    and the calming down of passions . Permit mei M . le President , ; to ofl ' er to your Excellencj' - the homage of my respect . — -Count Migegn , Member of theCouricil-General of the Haut-Rhin . " ; A second and riiore coriiplete edition of the trial at Cplmar has been published . M . Migepn desired to distribute it among his colleagues in the Corps l

    The Moniieur announces tlie nomination of M . Dupin to the rank of Senator . It also publishes an account of the installation of M . Vaisse as President , arid M . Dupin as Procureur-General , of tho Court of Cassation . The latter has made a speech to theCpurfc , defending himself from the charge of apostasy in deceptiag office under the Empire after having beeu 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 Judga . He now states that he observed at the time of his irosignation that his motives were not political . The speech was very ill received .

    " A son of General Lainoricierc , " soya the Times corlespondent , " has just died iri Paris . As soon as the Emperor heard of his illness , he ordered that passports should be given to tho General , and authorization granted to him to return to France , without aiiy condition whatever . Unfortunately , tho boy died before the father had time to avail himself of tho permission . " It has since Leon stated that there were certain conditions , which the General refused to accept , . Groups of unoccupied workmen ho-vo gathered in the streets of Lyons , and it is said that there have boon disturbances .

    A terrible catastrophe has occurred at tho citadel of Vinconnos . TUe interior of the entrance tower suddenly fell to the ground , burying in the ruins nearly tho entire post of tho military on guard , and some soldiers who wore at that time in confinement , Tho groat clock was striking two at tho moment tlio tower gave way . T ' oillcor of tho guard , who was in his room at tho time tho crash occurred , rijahcd out in tirno to save

• Citation
  • Leader (1850-1860), Dec. 5, 1857, page 8, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_05121857/page/8/