HASZ'ARD’B GAZETTE.

Saturday. March I, 1856.

TII CURRENCY.

One of the first duties of every government is to take care, that there is a suﬁcieucy of money whether metal or paper, to form a circulating medium ado uate to the requisitions made by the trade an commerce of the country. The

cat demand for coin for the purposes of pay- ing the troops and Providing for them, has occa- sioned a scarcity in the parent state, and the contingency which was prophesied b some of the cleverest men of the day,—hut whose warn- ings were disre rded—has occurred. Gol has risen above t e mint, or rather the bank. %rice, and the consequence is, that either the

tick Restriction Act must be repealed or sus- pended, or the Bank will not be able to meet the run, public and private, that is makin upon it. It is now clearly seen, that Sir Rob’t Peel's Act is based upon a false foundation. There is an article in Blackwood'sJanuar No. entitled " 'I‘he Gold Screw,” which c early proves the imperative necessity of a change.

hey have found out, that it is in the scarcity of bullion wherewith to make coin, that paper money is most needed, not as has hitherto been been the case,—contracting the issue of notes

as the bullion disappeared from the vaults of

the Book. It is this system which has occa- sioned the number of disastrous panics that have occurred. When gold in the market was below the price at which the Bank is bound to take a'll that is olfered to it, the Bank coffers were tilled to excess. and the Bank lowered its discounts. and issued aper mono in propor- tion. The sudden and continualfy increasing demand for gold has lessened the board in the Bank's coders down to its minimum, and it has simultaneously restricted its issues of aper, and increased its discounts; and iucredibIe pri- vate ruin has been the consequence. Still, al- though this fact of the want of gold is well known, it has not in the least aﬁected the credit of the paper money; on the contrary, it has risen in value, for the demand‘ has become greater in proportion to the scarcity. The folly of iniiistin , that there should be a certain quan- tity of gal to respoiitl to the issue ofnotes, has thus been 'n:l.tIL' imtiiil'-.-.<t, for there is a greater and louder c.-ill thin over for notes of the Bzink of Eitgland. We liavc lioen anxious to say it ft.-w woril-" “Mu: our ow I circulating medium. The Island at all times, whether in peace or war, stands in the same situation as Britain does at this moment. What metallic currency comes in on one side goes out atthe other,thero is a constant demand for ex rtutiori.—We have no mint, and no bullion, i we had one. The troops, a sure fund for £5,000 or £6,000, withdrawn, our whole supply oi circulating medium, with the exception of the £11,000 of Treasury notes, comes from abroad, and of what is it mainly composed? Of New Bruns- wick und Nova Scotia notes. These are received, but by what legal authority, we know not, at the Island Treasury, which, it seems,claims the right of repudiatin them at pleasure. The notes of the Bank of estmoreland have been received and paid out by the Colonial Treasurer until they have acquired .i. conﬁdence equal to our own Island notes , on a sudden, the Trea- surer issues a notice, that he will no longer re- ceive the notes of this particular Bank. should like some member of the Assembl to put the question to the Treasurer in his p ace, and request of him to inform the House, what authority he Iirst received these notes, and, havin received them and having paid them to ot crs, he now refuses to take them back! And, in order to get some accurate data on which to found correct calculations, it would be important further to enquire,—what amount of foreign provincial paper passes through the 'I‘reasurer‘s hands annually, specifying, if pos- sible, how much is from private banks, and how much public provincial paper, and whether any memorandum is made at the time, of the names of those from whom such notes are received,so that, ifforgeries, the Treasurer may know upon whom to call for remuneration? There are a few more queries, of which the former are naturally suggestive, answers to which would enable the House to judge of the expediency:-—or we may say, the nccessily-—of having a circulating medium fully sulﬁcient to meet the increasing wants of the Island, and not liable to be at one day received and the next rejected, at the place which gives, or ought to give, the true criterion of what is Island cur- rency or what is not.

0' ‘Q

Mscuixtcs’ INS‘I‘lI‘l."I'Ii‘..—On 'l'ue,day evening last, Charles Palmer, Esq., delivered ,, lectura upon " International Law." [leg-ogfter we will ftirnish to our readers, the details of this ex. cellent lecture, us it is ii subject, that should be well and thoroughly understood, not only by commercial men, but also by statesmen.

His Excellency the Licut. Governor, honored the Institute by bein sent.

n Tuesday evening next, the Rev. David Fits Gerald, A. M., will lecture on “ China, its Capabilities, and its People.”

HASZARIYS GAZETTE, MARCH 1.

The Government having laid before the House of Assembly an extract onl from the despstoh of Sir George Grey, of the 7th November last, containing the reasons which had inﬂuenced the Queen in refusiu her assent to the Rent Roll Tax Bill, and the Tenant's Coin nsation Bill ; on Thursda evenin Mr. T. eath Havilaud asked the embers of the Government if they would lay the whole of the said dcspateh before the House. The Hon. George Coles. the leader of the Government at once refused to com with the request. Mr. Haviland then moved that a Committee be appointed to prepare an Address to the Lisut.Governor upon the subject. The Hon. Members motion was 0 sad with great warmth by the Members of t e Govern- ment and their supporters. In the course of the debate the Hon. George Coles stated that it the Address should be carried he could tell Hon. Members that the Governor would not give the whole of the dcspateh to the House.

t the conclusion of the debate a division was called when 9 Members voted for the Address and 10 against it, thereby leaving the Govern- ment in a majority of one.

Although we cannot conceive of any possible excuse for so palpable a breach of the privileges of the people, we will still wait an give the government an opportunit of explaining a line of conduct, that,i sulfere to be persevered in, pots at once an end to all ideas of Self or Res- ponsible Government, and substitutes in lieu, a despotism. which, if submitted to, will render us deservedly coutemptible in our own, and in the eyes of our fellow colonists.

It is a grave matter. and must not be passed over lightly or hurriedly, and, as we at all times wish to be just, we will give the Admi- nistration time for explanation.

One thing we protest against a_t once,and that is, the unconstitutional use continually made.of the name of the Lieut. Governor. The people of Prince Edward Island look to those who call themselves the Administration—Mr. Coles and his associates. If the Lt. Governor refuses to do what is constitational—not, how- ever, that. we think he would do so—Mr. Coles and his associates have but one course to pur- sue, and that is, to resign, there is not and cannot be an alternative.

—- ‘<

The Mail due on Thursday evening has not yet arrived. We have been told that the ice which formed earl in January, and rendered the crosin throu It the winter, so much better than usua , was tslriven away durin the past week by the wind, and that the crossin is now very precarious. The British Mail wil be due on Monday night.

To the Rev. William Meek, Pastor of St. 'l‘homas‘s Church New London.

ev. ir,

We the females of the congregation of St. 'I‘lionias‘s Church, have much pleasure in pre- senting you with a silk gown, as a small token of the high esteem we entertain of you as our Pastor and Minister of “the glorious Gospel of the Blessed God.”

Your untiring seal in the cause of your Di- vine Master—the earnest and deep solicitude you manifest for the salvation of souls, (parti- cularly for those under your spiritual charge. ) cannot fail to produce in us feelings of gra- titude and praise,

Your first appearance, and ﬁnal settlement among us, a few years ago, as our future Pas- tor and spiritual guide, was hailed by us. as ti.

reat boon,which we hope is now fully realized and duly appreciated by all.

We sincerely hope and pray, thiit your valua- blo life may be long spare , in health and peace

through the merits of ii. cruciﬁed Saviour; and when your Divine Master, in his good pro- vidence, shall see lit to remove you from_his earthly vineyard, may you be transplanted into his heavenly kingdom above and receive that ” crown of glory" which he has prepared for all his faithful servants.

With our best wishes for every temporal as well as spiritual blessing for yourself--your amiable artner, and the other members of your fami y, we beg to subscribe ourselves

Rev. Sir, your most obedient servants, and alfectiouate Parishioners.

cons‘-ag‘h°n' Muir COUIINS ANN PIDGION New London, Feb. 21st. -1856. -

ANSWER.

New London Parsonage. 1 My respected friends, i I beg to tcnder to you, and through you to ltho females of the congregation of St. I‘hoinas’s (Jlinroh, New London, the expression 0? iii cordial thanks for your kind present ofa sil

have been pleased to accompany it. hat my humble labours among you should

meet with your approbation is to me it cause

of livel satisfaction and thankfuluess, consci-

ous as am of being a mere earthen vessel for

' dispensing the Gospel’s heavenly treasure, _ and

j that if any advantage follows from my ministry-

— M‘Dounld, Mr.

to proclaim to us the glad tidings of salvation -

(Signed) On behalf of the females of the‘

gown, and for the address with which you il

among you. the excellency of the power is of Godabove, and not of me or of man.

I thank you for your prayers for the conti- nuence of my life to proclaim to you the “glad tidings of salvation" and now in return for them you will allow Inc to express my earnest hope and prayer that those tidings may be increasingly welcomed by, and blessed to you and yours, and that this congregation may so hold forth the word of Life as that I may ave to rejoice in the Day of Christ, that I have not run in in vain, neither laboured in vain.

With the reciprocation of my best wishes for

every temporal as well ap _spiritusl blessing on -

yourselves and your families. remain, your faithful and obliged friend and minister. Wm. Meek. To Mrs. Cousins and Mrs. Pidgeon, on behalf of

the females of the congregation.

Messrs Iiassard and 0wen—As I was perus- ing the Gaaette of the 27th inst., I observed a long rhyme of poetry headed by ‘Puzzle fo p¢.m'me', I read itover and over. pondered on every line for some time, but could not make it out. and was about laying the paper away when my friend “Shison ’ slept in and read it over my shoulder, took his pencil and in a few moments whispered,Sebasto 1-1 was satisﬁed.

Yours, c. c E. C. M‘Nnii.i.. Elliot River. Feb. 29th. 1856.

Tu: daughter of Edward Sylvester Bryon, of Miscouche, aged I7 years, fell into the fire in alit, by which the right arm was so dreadfully burnt, that it was.necessury to amputate it, which was done by Dr. Bell, under the inﬂuence oi‘ Chlorol'orm—she is doing well.-—lsl. ‘

On the 2Ist inst., at St. Elearior’s, hy the Rev. J H. Read, 8. D., Mr. George Picltets, Lot I9, to Miss Mary Williams, Lot 25.

At Lot 48. on the 21st. inst., by the Rev. D. David A. Barse, of Charlottetown, late of Novescolia, to Miss Isabella. second dsugeter of Mr. Donald M‘Dona|d, York River.

At Huntley, Cascumpec, by Robert Gordon. Esq. J. I’., on the Ilih iiisi , Mr. James Ptiiierssn,to Eliza Ruggles, rellct of the late Charles lluggles, both of Kildaro, Lot 3

At Lot 4, Cascnnipec, on the 17th inst., after an illness ofniiio weeks, Mr. James Ilsrd , aged 6| years and eleven months. leaving a wife sndveleven children to mourn their loss. lie was one of the oldest inha- bitants ol'(.‘ascuiiipec. and was as a neighbour much and deservedly esteemed for his obliging disposition.

At Sacramento City, ifornis, on the ‘lib. ult ; after a romicied, illness, Eliza June, beloved wife of Mr. ichnrd Palmer, and youngest daughter of John Trenatnsn, Esq., of this City, aged 24 years.

Charlottetown Markets, Tab. 27,

Beef,(smnll)lb. 4d a 7d l Turkeys esch,3s 6 ti 7s 6d Do. by quarter, 4d a 6d Gees 2s a 3s irk, 4d a 5§d Ducks, In 3d a Is 6d l).i. (small) , 6da 7d owls, 8d a Is .\luttt-rt, -td a 7d Psrtridges, 7d a 9d l.:iinb, none. Eggs dozen, Ild a Is lluiier (fresh), l6da 18d Outs, bush. 2: 2d a 2s 6d do. by tub Is Sda ls 4d Barley, 4s 6d a 5s 6d 'I‘nllow, Is a Is 2d Potatoes, 2s 8d a 2s 9d Laird, Ild a Is ’I‘nrnips, Is a Is 3d Flou Md a 4d Homespun yd., 3s 6d a lie Pie.-irl Barley, 8d Iltiy, ion, 55s a 65s 2d a 2,ld Straw, cwt., Is ll ls6cl

Outineul,

Lloyd's Register of British and Foreign Shipping. Established, I334.

VIWIIE Comniiitee having reason to believe, that in

building new Ships, ll practice prevails in some Outports and in the Colonies, which is inconsistent with the Rules of this Society and that instead ofthe Rahbet of the Keel, Stem, and Stcrnpost being properly unwrought, it too frequently happens, that no wood is left to form a back Rabhet, u practice considered to be exceedingly objectionable: NOTICE is hereby given that in pursuance ofa Rssolulioii passed by the Cominillte this day, it will be the duty of the Surveyors decidedly to object to a continuance the mode in question, and tor uire tlie Rabhet to be so far extended upon the eel, Stem, and Siernpost, as to leave it eullicicnt sub- stance of wood to form n snhstantiiil back Rabhet. By order oflhe Committee, GEORGE II. SEYFANY,

Secretary. 2 White Lion Court, gorrihill, London, 27th Dec.

I855.

Roan. SZCTION 53.-—I’rescribing that Ships built in the United Kingdom or the Coloniwi WM"! there Il|'I'ft‘lltIl.‘lII. Surveyors to the Society. which shrill have not been surveyed while hnildiii , ns rc- uired hy the lliiles, “ shrill have one year sducted period which would ctherwko have been assigned," has been altered, and in future “Two years" will be dducieil in such cases, instead of one as heretofore. Section 35 has likewise been altered in accordance herewith.

By order ofihc CHARLES

rom IIIB

Committee, N. COKER,

. UoytI‘s Surveyor.

§"l‘he Rev. Mr. Sutherland, will pruch in the Temperance Hall, to-mcrrow evening, March 2d, at half-past six o'clock.

WEBTHOBRLAID BANK! Ionctcn. Jan. 5, 1056- A DIVIDEND of 4 percent, on the Capital Stock of this Bank has been declared for the half-year ending 80th November last, payable to the Stock- holders at this Bank in 80 (In a from this date. By order of the Board c Directors. J. M'ALLlSTEB. Cashier. Feb. 28.

JUST PUBLISHED, THE Inaugural Address to the Young Men's Christian Association. by the Rev. W. SNOD- GRASS, with appendix, containing the constitution of the Association. Price 6d.

Sold bg Hsszsrd 6; Owen. Members will please up lybtoz Secretary for Copies. 0 . 9.

TOWNENITS PARIS HATS.

THE Subscribers have on hand. the largest

Stock of SILK and PARIS HATS in the city

cfi enewest styles, imported last Autumn to meet the Spring demand.

PaIcus—Good Silk Hats from 6s to Its 6d, Good Vs v I

Superior do Aaso--A rent variety of English and American sefi, fell and ossuih Hats, 30 doz. cloth caps, inclu- ding English and American Regulation Nev caps, Glazed Straw Hats, American wide awake 0., Joe.

D. & G. DAVIES.

Feb. 28.

FINAL NOTICE.

LL PERSONS indebted to Witiarn Gt JA- _ sunsets and Jaariusoiv 8; Soivs for Card- tag Wool, also for Flour, Boards, &.c., either by Note of Hand or Book account, are r to 1 their respective amounts on or before the 20th ii, ofMAncir nest ensuing, otherwise coersive measures

will be adopted without destination. W. JAMIESON, and JAMIESON &. SONS.. New Annan Mills, Feb. 25, I856.

OTICE IS HEREBY GIVEN, that the Sub- ’ scriber having by power of Attorney hearing date the 24th January, I856. been duly appointed by the Misses Stewart, to act as their Atiorne —has to inform all Tenants on the Estate oft e Misses Stewart, that unless all Rent and arrears of Itea are paid immediately, legal measures will be at once resorted to, for recovery as the Law directs. Building Lots in Town, and farms in the

Country to dispose of. JAMES J. BEVAN. Charlottetown, ‘eb. 29, I856.

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'10 Z all “%“..§‘W -: =—?3§“i='3"§ m or-E3

:ag<mz,¢Qi£"

3 N*-- >. E oD>

5 ENE“: ,5 5 5, gvss-2 s

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AUCTION.

Sails, Rigging, etc.

0 BE SOLD BY AUCTION, ON THURS- DAY next, 6th MARCH, in front of the Subscriber's Sale com, Qnnurr Sqvasin, at I! o'clock, the following articles:- I MAINSAIL, I Jill, I nswssn. I ANCHOR, Standing and Runnin RIGGING, &c., belonging to the Schooner " ERSEVERANCE," also the HULL of said vessel, as she now lies capsized in Rustico Harbour. ar -run saiirn rrsru WILL nu: orulaun 25 Chests superior Congo TEA , I5 Boxes Mould CANDLES, I0 Boxes Mixed CONFECTIONARY. A small lot of DRY GOODS. (W Tennis A1‘ S/inn. WILLIAM DODD,

I- 51 O 5 E (ll >

Feb. 29. Auctioneer. 8 LB.

'l'HE HOUSE and GARDEN at

resent occupied and belon iug to

ILLIAM Foituas, ., N.,

either with or without Town Lot No.

88.

I'eb

limiting on Fits Roy Street. ’ . I4, I866.-