Current:

Leader (1850-1860), 5th December 1857, Edition 2 of 2, Page 11

Page 11
Page 11
11 of 24

On this page

  • Departments (2)
    • •... .. .. .. .:.. - ,. * ,- """ >., * Fj :- : -; - . ..- . -. ¦ ¦ ¦¦ " , .. i ; ': V^>> V K^:: : : «^ ; ^ ¦ ¦ ¦ • ¦ ¦' •3Mh^ ? i :v: -'^:/ w '^'' '; 4 'ir ' ' : ; : ?jW : TqP-£> *^lr '¦¥ ^ "%^ i ' " >/7i?» r: %' 1 ^ -V ^^ ^ ^ ¦ j ^ ¦• : ¦¦¦¦¦ ¦: ¦ ¦ ¦ ¦'¦ ¦¦•¦¦ ¦ ¦
    • ^ ''' " •" ¦' ;: - ; ' ' '«iil *^C- i ll* ( Sjtf * j^ttUilC Jxllllt-t^*. | : ; V Vv/:^
  • Text (11)
  • Transcript

    • 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.

      . - .: . '¦'¦ ¦ .;. '¦ . ¦ ¦] ' /:¦. ¦; ...

      the Act was « el « K « el , Sw fiobert iPeel -stated that the -bill bad ^ atrifJeobgect , the finst of which-nviz ., to - pra- ' vent panics—iad foiled- The tftbeis W € t « . to nciaiirtfuii > the conveitibnity-of paper into . gold , and to prevent ovec--speculation by r « ie 'faciEties afforded by a papier currency ^ Knl ia'tbeaeTespectsdie' -waa oEopinion . thttt'the Act Shad Jsupceesded . She right = hon . gentleman then tracedthe history of the prfi ^ at panic frotatlieioai . irf October t » the period of the Government letter , wj-rguiqg ' that it grew out of - "the derangement « F the American . tride ^ ( fee -distrirbamces in India , and speculations on ihe iCcmtinen * . The issuer vof the getter to the aBan ' fc -df ! England in the present case , was the spbriterieoas act df ;

      the Government , and iras . tiafc tlie , iE 8 ult of preswse & om without . The Government dia not seek to rsheker itself ¦ uade r aityr pretence o ! f being , coercedinto that proceeding . TheiBank had infringed-thei . ' ^ -ct of 15 ^ 4 ,-to the extent of ten millions . The issue of the letter Aad worked well ; it had : restored ^ coiifideaoe ^ iand not . affected tie £ onvertit > nity of bank-iiptes . But for this , ttererau & t have been : an immediate cessation of discounts , ^ and post--ppnemenfc of payments to depositors .. He did not believe ¦ that the jAct wotdd be again yiolated , tut it was thoirgkt prudent that the Indemnity Still shprildexieBd t ® a period oltw ^ Htjr-eight daya -after Vtbe meeting of ^ i » t * Hainent . Sir G . C . Lewis ; concludedby asking theie-& ppoint « tent-of ^ the ^ Committee on the Bank Acts .

      Mr . ffiLADSTOKE folloWed , urging that legi ^ latio'n should te imQwdiateipii the question < at issuer and that inquiry should le confined tothecauses of the late comraercial panic . . .: '¦' : ¦ . ¦' . ' . - , : . . ' . ' . ; : ¦ : ' . ¦ v - ' : , ' : _ ¦ . . ¦ v /; ' . ;'¦ - / , '¦ :. ' : . S A : long Rebate ensued , in wliich Mr . SpGoner ; "Brf . . « L * NN , : -afr , / H « Bnc , Ey ; - - - Lord John RtrssELt , Mr ; pis-: raeli , and-otters , took part , - -y \ ¦ ¦ : ¦¦ : / yy ~ '[¦¦'¦ ¦ ' ¦ The lesolutipaa pr « paratoir ^ * p the inti ^ daction of tfce Bill were then agreed to , and the House adjourned at a quarter t © twelve , ' :. ¦ ¦ ¦ .-. ' -. - ' - ' ¦ : ' y ¦ ¦' ¦ : ¦ 'y- .. \ r " ' : ¦ ¦"¦ ¦< - -: : ; -

      'Y C:\Hq,]^ R$I(^^

      ' y C : \ HQ , ]^ $ i (^^

      ;- - •;- ..;/ -^I'Tiro ^Olletj^Tei^Gxaph...

      ; - - •; - .. ;/ - ^ i'Tiro ^ OllETJ ^ TEI ^ GXAPH ^ - ^ ' . ; : ;; ^ ¦ Thie Elba lrft M ^ ta ; ou the 25 tlt . ^ effect the laying flown of the submarihe cable ^ ^ to Gbrfii . A ^ TurMsn adnaii ^ al hid . taken ihis . departure for the Euphrates to superintend tke blasting oj tlie rocks which lie in the bed of the liver ant impede the nayigatlon / by steamers . \

      The Itna,L>Rclax ^Tate The C(^Ttni^St. T...

      THE ITNA , l > rClAX ^ TATE THE C (^ TtNI ^ ST . The Senate and the bourgeoisie at iJambutg have decreed , that insolvent TmerchantSf before being declared bankrupt by the Tribunal of Cpmiixerce , shiiU be placed imder an adthiniatration named b y their creditprs . A vast number of failures have occurred ; the people are in . consternatipn . And shipowner and general merp « hant has committed suicide owing to his ernbarrassjnents . . • .:- / .. ; : ; . ¦ ¦ ' . ... . . ' .: ; . . /• ¦¦ . " ¦' : ' ' : ¦"¦¦ ' - ' ... ¦¦' .. ¦¦ . .- ' . ' , ' ' ¦¦ ¦' ¦' y- ' ^ . y' - ' -yy In Stockholm , seyreral failures of very large' amount have taken place . ' : The I >< anish Government Las advanced five millions of francs as a loan . Two directors of the Copenhagen Bank are to proceed to Ilambi ^ g to redeem some of the [ protested bills . ¦ : : , .

      Imakmagfe "With A Deceased "Wife's Slste...

      IMAKMAGfE "WITH A DECEASED "WiFE ' s SlSTER . —Bfr . Justice Cresswell in the Court of Ghancery , yesterdayj gave judgment in the case of Broolc * . Brook , which involvei the question whether i * marriage with adeceaeed wife's -sister contracted at Altona , Denmark , as legal here . Judgment was given against the validity . The Gkeat NbitTHEiai Kailway Fkauds . —Mr , CoDnmissioner Goulburn gave judgment hi the Court of'Bankruptcy , yesterday , on a claim made by the ¦ Great Northern ^ Railway Goinpany to proye for a sum of 221 , 070 Z . against the estate of the coiivict Leopold Iledpafh . His Honour , said that in tlie first place he

      should consider whether 'before the passing offhelate Act the Condpany would have keen entitled to- prove against the -estate as for a debt due to them by . Redpath : Jie was clearly of opinion that tley couM not . He referred to the case of Fjiuntlenoy , but there it was distinctly sworn that the money-vcfts had and received to and for i ) he use of Mrs . iPauntleroy . His Honour ultimately'aaid that he coneidered that the SLegielature left the disputed clause juat where they found it , and . it woa now Sought to do by inference ¦ Avhat tlio Legislature might liav <) done distinctly by declaring it to bo a debt . He therefore considered tlmt the pToof could not be ad-¦ mitted . ' ' . ' . ¦ ¦ ' : ¦ ¦ ¦ : ¦ . ' ¦ ¦'' . ¦ ¦ '• ¦¦ : ¦ ¦ ¦ ¦ ¦ ¦ . ¦ ¦ ¦ ¦ ¦ ¦ " ¦ ¦ ¦ "¦'¦ ..: " ¦

      Abohi > eaaX ) N Denison's Cask . —TJw . Rev . Joseph Ditcher , the jtromoter of the suit against the Ven . Archdeacon Denlson , appealed yesterday ia tlie Judicial Coinrriittee of the Privy Council , against the decision of iSir John tDodson , tJlio Dean of the Court of ArchcB . Tbe 'Coeo will-ef course occupy a corraidorable period . . , Djkjvth op . Twain , tub Dktjecti ^ is Ofmceii . — Thiiin , the idbtective , who was shot tho other day by Christian Sattlor , died yesterday at Guy ' s Hospital . ScawKCTKD Poisoning . —An inquest Uns been opened at Pxeeton on tbxs body of Mr , Edward Turner , r « edmakorof that town , suspected to . have keen powoned by a Mr . Monk , his medical attendant , who in also supposed to have forged a will of Mr . Turner ' s , made in his favour . The inquiry stands adjourned , but in tho meanwhile Mr . JVf onk has iboen arwated on thei . oharge of forgery .

      Tub Englbh PwieoKBRa at NAiuvnrcs . — -Tho Daihj News publiBhos a long statement to the effect that our countrymen in the Neapolitan gaol , have boon grossly itl-troatefl . This is a strikinR commont on Lord Palmeraton s AoclaratioTte l « st lrigbt .

      ;'. -• 1sjotices 3cacftbbesi»Oiirtf)3sjf...

      ;' . - 1 SJOTICES 3 CaCftBBESI » OIirtf ) 3 SJfm ' S ^« rrttcoawiunH « Wi < mB'un « . y <) iMaMfy starrii oyW . f JMB r apos ^ le * o . a « lww > wlfl 4 g «/ Jbl » 3 B » BB : cf i © tt © rB ( Wfi < r « - i cerve , - ^ Tneir insertion is often d « l » , ye 4 . owing in a press ' iof matter ;^ od > wb « h omitted , It is frequently fronvreasons . quiteindepfiadsut- » f * he «^ eriteof thfaoiBinunie « - .-tioii . - . ¦ ;¦ ¦ ¦ ¦ . ' : ¦ ¦ ¦ ¦ ' ¦ : "• • ¦ ¦¦ : . ¦ ¦ ¦ <; ¦ . ¦ ' ¦ - ¦ : ¦ ... :--- . , ¦ ¦ . - . ¦ •¦•¦ ¦ ¦ ¦¦ ¦ ¦ : ¦¦• ¦ . ¦¦ ¦ . ; •! ^ ofjaotioe / can bettakenn » f aa tm ^ motfs ewrfesfipBa wice . i ¦ Wfeateveris ijateiwlodforinsertien musi bye ^^ b ^ at ^ nttsed ^ by'thcnitmearid address ofiilie writer ; not necessarily ror i » ui > lioation , l ) ut « a ajKumrafltee of hla good faith . We cannot undertake to r « tum rejeciedHuwnBMHucaiiGaie

      •... .. .. .. .:.. - ,. * ,- """ &Gt;., * Fj :- : -; - . ..- . -. ¦ ¦ ¦¦ " , .. I ; ': V^&Gt;&Gt; V K^:: : : «^ ; ^ ¦ ¦ ¦ • ¦ ¦' •3mh^ ? I :V: -'^:/ W '^'' '; 4 'Ir ' ' : ; : ?Jw : Tqp-£&Gt; *^Lr '¦¥ ^ "%^ I ' " &Gt;/7i?» R: %' 1 ^ -V ^^ ^ ^ ¦ J ^ ¦• : ¦¦¦¦¦ ¦: ¦ ¦ ¦ ¦'¦ ¦¦•¦¦ ¦ ¦

      : ¦ i : ¦¦/ . ¦; ¦ : i ; - - - ; : ! . . ; . ; > . ¦ ¦ :- ; . . ; - ¦ : ;[¦ : ' . ¦ ¦; . 'V ¦; . , : ¦ , ¦ :. - ¦ ¦;;¦ . ¦ ' ¦ ¦ ; ( vK- ' :- :. ¦ ¦ ' : ¦ ¦^^¦ •^^^^^¦; ^ : K ^ S : 4

      ¦: 3gagu^I>A.Y, Yjdecemsier & :&& 7* :A

      ¦ : 3 gAgU ^ I > A . Y , yJDECEMSiER : && 7 * : A

      ^ ''' " •" ¦' ;: - ; ' ' '«Iil *^C- I Ll* ( Sjtf * J^Ttuilc Jxllllt-T^*. | : ; V Vv/:^

      WB S ^^^^ M ,

      T&Ere Is .Jiothing Sb Reyol-Ationary.Oec...

      T & ere is . jiothing sb reyol-ationary . oeca'use there is rur tiiing .-so unnatural' end convulsive . 'as'tbe-striaiTi ¦ to isee ^ thinge ^ XedOTBeiiallthe ^ wprlfliis by theyerjr ; iawr pfits' creatibnin . eternal progress . —De . Aenoip .

      V , -.;¦: Yyy:, - \ The Sesskxn:. -;¦.;....

      V , -. ;¦ : yyy :, - \ THE SESSKXN :. - ;¦ . ; .-k : c yy ; ¦; ; . . ^ 3 ? he Ik * of ? sulyj « c bs iri ^^ dpciiMig Bpe & eh might lead iis to eipect ta session ; not 'dMeriiig in its ''•*&& inaterial from | lie jlast- ^ tlie Bank t ^ aiieir . ' ii ^ ifc / Tin . 4 « r'TO ^ iiew , % diatbl ) e « b ^§ idejssd ^ tiie itenos of a Reform Bill , a 3 ew iBill ^ and defcsrfi ^ ttpbn th < e ^ abseiwieinty ; of the Brifcish- ^ ag / to . tliosMpreigii powers Wboth ^ ottt fpreaemt Premier professes to kei 0 p so stroii ^ y ' iix ;< eheQlt . But , tblere will be essie ^ tial < dLi" £ Seflences ; ^ and although ;' we fcaye tlieaaine qtiestiaas gh "thie list , they ace in all cases changed % iih the : circunistanices .: ' -i \ :- - '"' : \ t " ' \\ : yy- ' - - * ¦ ¦ : ?

      Tlie ; Ba ^<} hat 1 » er ^ Aict , for insta ^ Dce , h & s 4 » l > e cojieideredjj mot only b «<^ us « it fe ^ as been in operation so many yea ^ , bttt because it ihas a second time beeii ; set . aside , this tirae zhore substaxitially than in 1847 j ^ iina more coatiaauoTi ^ priessTire of difficulty , aiid ^ irciimstances « f greater buffering for the : bulk of the people , iHpw fer the Bank Ohairter : A ; cfe is or is not creapoKsible for that injirry to th ^ e qountry has to be ascertained ; and ^ instead of alt piain-sailirig , the inquiry , the debate , and & h & consultation upon nTLeasures ¦ vpill be very stormy work indeed . 0

      The Gliarter of the ; 3 E 3 ast India ; Gdmpany was certain to cpnie uiadejr debia . te , « veai if th ere had been ko eveiits to precdpitate the question . Bub now ^ to a wide-spread revolt in Centwil India , and earnestly invites the atteiition of Parliaanent to fch-e anui ^ s of hev Indian , dominions . The whole of the Indian Government as ' - 't p be overWuled , The Times was premature in describirag jtbe nature of tl » e ^ changei ; but something- very extensive is contemplated . If the Company iis not abolished in terrns , it wall be reduced to a miniinura of independoiit

      existence . The army ra India , niay be pennanently increased ; the Native aiiny may probably be brought under the direct v \ xle of iAve ¦ Crown ; and thereanay be « , large lextension of the civil service . India " must ulti'mately pay for these imiJTovements ; but in . the «< M 3 anwhile Bhe wiR need 1 ; he jmoral © upporfc of 3 B 3 ngland , and a loan is < on t > ke carpet ; the financial exigency probably preBsing for next month . With ihe question of loan comes tho question of Indian cuxrency witlx the qiaestiou oi' government i >\ ve state of Indian ports and trade , the 'nature . > of the opium traffic , and our relations with China ; . The Charter of

      the East India Company is only a section of these large .. and . complicated questions . We bad laist year the itenas of a Befortn Bill , proposed separately by 'different members ; this year liord PAiiMEiasT'oiT is himself to introduce a Reform Bill , and the question whether it will or will m » t contain the same ingrecHewts wWch were distributed in various IJills laeb year de by mo means tho' most irnportaait ^ point . It will scarcely inelxicle the

      J « w iBiil , which iiord . ^ oaur 9 au »*« ait iiae bep & .-exQpovreared' to bring rfbirvavd isfepfepaJtely . The : ^ i * uo dm | Kjr 1 ^ ce . iof » 4 he meaBur & lies 4 tt % 9 alteiied relations > o £ | pdlifeicfti ^ ai % ieB . iipivi ^ AiacEitSToasr asjlreB * o ltifee % ^ % l « efe amongat IRefomn iMOisQistewg . Tbje > p ! bsifcion bad been * . p » iM ) ccu ^ ed 1 ? y iLerd i ^ otcfr < BufisBtA ; as I / owl Johst ^ j be beaten in i ^ be Gomjietition for public favour by a high "bid j ^ ta ;^ e femier ^ ^ con ^ « eni toiibring ^^ foriward a laaeaauBe only for ^ ;^ Jectitwj , . and leaves tfee f » a « to Ijord Jioiwr ; or

      wui thesre be / agenxiuae reoonciLsoientbntibe ^ ubjeet of Beforin , -Ijotd Joaaar iavited to join tjie Cabinet ^ ^ ^ Mch eairaes I ^ e new Bill ;? Them questions of ' jpatty m ^ l probably mb-Bdifyrtlie measure Ztforeibrnm ^ dw ^ nister ia JikeLyto ^ e 1 ^ ing it strong ? enough io seduiie the ifiuppart tdf a nafrjorife yi at least in . BarHaiaauait . It ; nausfc at thie very lowest be wojefch . « 4 optiing : ; foe Lord lUiMSRsioN is ) not a imaa . to cdauefc defeat ; and if he goes inffars ^ iiiiu ^ gatitliBi race of Ifeeforna , strange ^ oxj ^ 3 m € ^ mni . ^

      ' The changed : §) Gsiti < HQ . of publie anen kaplies a rcbang © in iitie ' . p ' Q $ iidon ' --of' ;)^ - " ^ ub ' lic v : : '' : ' ^ i ; first it ¦ . wili looi : on , ^^ view th ^ -cotog ^ ition , perhaps with very coolfeelirigs , but by degrees its interest vpill warm : ; Cine > of -the ySisb qu . efltions will 1 && to ijascerMi ^ on whici Bide the Manchester . partyimoves . "Will it go with

      ilfe Conservative iside againBt tnorbugh 3 iefaxm ; or witn tiaose who , arei-. & r t ^ mpromisiilg tihevniatter : V or with fcheViiaost forward of the Beforrn ipart y ^? ; Its ^ owai . contiaueid existence , as wejr as its political : success , depends upon its choice . The winter ; , witti its short employuaentj > ViII be one in whicn the Millidii will wateh . the movement of thei . Manehestec

      party with jealcnasy , and not ; wfitb . any predilection in its favour . The state of foreign afiairs naay disturb all our calculations by unforeiBeen events . ^ Shouldthe * cre ^ bursty a second edition of . the crisis ^ will come uppn ; us before we have rie ^ vered frpm the firs ^ . The stot ^ Italyand its . enemies ^; Naples and ^ A ^ t ^ a ,-is dangerous the state of Belgium rsc ' arcely less so . ; : At ; the ^ ie-meeting of the Conference in

      Paris , the first act of Hussia was to -aim . at » some kind of iecognitionfor ihe new ; bouiidaryj without produciug her iriaps ; she is , therefor ^ still engaged in the endeavour to steal advantages , still in the temper which led to tLe war ; a , od Lord PAiiMEiLSTON ' s talking of peace as if it were sure to renaa & i " unbrolcen ^ thi * oughout the comingyiear' !';¦ W ^ bfo laiows ? A . ny mistake on this point ini [ ght cause the ( Government ic > bireak dowii- If it

      sb-oiald do so , where is tlie leader of . the Liberal party ? "VViULbrd Jqeln" maintain Jus ground , or break down ? And Bhould he nfall , who is the leader ? These ai * e a few of the unanswered questions of the opening . sesaioii .

      The Bank Charter Act Not Tin&Ti. Ta3eb U...

      THE BANK CHARTER ACT NOT TIN & ti . Ta 3 EB uncompromising "advocates of ' the Bfll , the whole Bill , and nothing but the Bilt' of 1844 , will have a lieavy task to convince iBarliaanent and the public that we haye nrrived at absolute perfection in , our currency legislation . Tliey are labouring hard in their ivor cation , and oftcKi with , great ability , thongii not with any great amoxrffltxjf success , becouso they are addressin-g their arguments to / a community that lias just been suffering / intense distress under the operation of the Axto , and whose temporary deliverance wii-s Kjffecdied by the Act being relaxed . They are frequently mere theorists addressing practical m < enmen who have felt for them selves the pressuiro of the Bcrew , whilo the theorist has looked on and told them that it ought not to 4 urfc them . . , „ ,., jlSio nuthor of the measure , Inm ' sen , aid mot regard it as perfect . He ioakod upon it as

  • Citation
    • Leader (1850-1860), Dec. 5, 1857, page 11, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_05121857/page/11/