Current:

Leader (1850-1860), 12th September 1857, Edition 2 of 2, Page 1, (Contents : . ¦ ¦ ..

Page 1
Page 1
1 of 24

On this page

  • Departments (2)
    • (Contents : . ¦ ¦ ..
    • '^ t\ * r\ P 41 rv '^ X^iis *!<• ^XFUiFui HI TIj J Xt'itlw 4 ¦
  • Text (7)
  • 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.

      A Political And Literary Review.

      A POLITICAL AND LITERARY REVIEW .

      'Tlie One Idea Which. History Exhibits A...

      'Tlie one Idea which . History exhibits as evermore dev ; lopinej itself into greater distinctness is the Idea of" Humanity—the noble endeavour to throw down all the barriers erected between men by prejudice and one-3 ided views ; and , by setting aside the distinctions of Religion , Country , and Colour , to treat the whole Human race as one brotherhood , having one great object—the free development of out spiritual nature . "—Htunboldt's Cosmos .

      (Contents : . ¦ ¦ ..

      ( Contents : . ¦ ¦ ..

      Review Of The Week— Pack Gatherings From...

      REVIEW OF THE WEEK— pack Gatherings from the Law and Po- ! The Civil Government of India S 70 ! Soyer ' s Culinary Campaign 884 The Indian Revolt ... . SOG lice Courts 87-1 The Mormons 880 A Papistical Poein 885 TheOr ' ent ' 809 Obituary 875 Telegraphic Communications with Ireland ... ' . ' . ' . ' . ' . "" . . '"" . " . ' . "¦ 8 G 9 Miscellaneous S 76 thJ E ; ist SSI THE ARTSAmorica "'"""'!!!" ™ "";"" . ;""""""" 870 Postscript t , 77 j ..,.. _ .....-.. Theatrical Notes 886 Continental Notes 870 ¦ i O"N COUNCILAccidents and Suddm'riJ eatiis " . " . ¦ . ' * . ' . ¦ . ¦ . " 871 PUBLIC AFFAIRS- | Foresters'Tawdry 8 S 1 State of Trade 871 The Progress of Events in India ... S 77 ...,.,-,, « -,, „ ,-TheMormonConference in London ... 871 " VVives-in-Law .. 877 LITEKATURE- TJieGazettc ..... 88 * The Great Eastern Steamship 872 Misgovcmment and . No-Govern- Summary 882 Our Civilization 872 ment ... 878 Louis Blanc ' s New Volume 882 COMMERCIAL AFFAIRSNaval and Military . 874 'Peace Makers' 879 A Fascicle of . Romance .. 883 City Intelligence , Markets , & c 886 68

      Yoii. Y-Fll. No. 390.] Saturday, Septemb...

      YOIi . Y-fll . No . 390 . ] SATURDAY , SEPTEMBER 12 , 1857 . Price { SESKS ™ ::: !^;?? -

      '^ T\ * R\ P 41 Rv '^ X^Iis *!≪• ^Xfuifui Hi Tij J Xt'itlw 4 ¦

      JLxtmim ntJIje Wnk .

      A Lways When Parliament Breaks \Ip It Le...

      A LWAYS when Parliament breaks \ ip it leaves XX us in a state to be expressed by no other word than mystification ; and this year , from tlie concurrence of outward causes , the mystification is greater than ever . We do not kno-w what our Government is doing ; -we see great efforts going on , and cannot tell how far it is obeying public opinion , or defying Parliamentary responsibility .

      "What , for , example , is it doing in India ? There is every reason to believe that Ministers are exerting themselves to the utmost ; but on what principle f Is the course one -which . Parliament and the country could commend ? Would it lead to beneficial results ? An order from the Horse Guards authorizes any men between eighteen years and twenty-three , on raising a hundred recruits , to receive a

      commission , if the Commander-in-Chief shall previously hayc pronounced him to be a person fitted for employment in the army . " We gather from the order that Government is in great want of recruits , and that it is ¦ pressing the extension of the army ; but we have already seen that it stands by the purchase system , and we do not perceive in this order the opportunity for admitting any persons of a new class . Only young men of ' position could raise recruits . The Quebn is subscribing 1000 / . towards the fund for the sufferers in India , the

      Prince Consort and Duchess of Kent making up tlie sum to 1400 / . ; Lord Palmerston giving his 100 J . The parallel is remarkable . The Emperor of the French had already given 1000 / ., his Imperial Guard making the sum up 1400 / .- the French Ambassador giving 100 / . All the towns about the country arc subscribing largely . Compensation in damages will be given to the Anglo-Indians for the horrors they have endured through the neglect of an Executive which refused to perceive the coming danger .

      Now difficulties have arisen in the settlement of the Principalities question . The laft-st Turkish Government has been broken into ; Bjsuschjd ¦ Taciu is succeeded by Juad Efnsndi ; Austria , it js understood , very reluctantly consents to tlio latest arrangement , if consent she docs ; and it ia imagined , though we really know nothing about it ; Uwt the Emperor of 1 , 1 k , French is somehow to settle the matter in tlie English . sense when he meets the Emperor Alexander at StuUqnrd The one thing clear is , l . lml Turkey cannot rule her own subjects , who a * e now rising against licr authority

      in Arabia and Syria , as they have done in Montenegro ; and she certainly has not been made stronger for the support given to her by the Western Powers . The same uncertainty' extends to commercial matters . Manchester is under something like a chronic panic from the threatened failure of the cotton supply ; and the Cotton Supply Association is se eking information in all quarters , to discover a territory where fresh crops can be raised . Some time since it turned to India with a probability of success ; but now the very region from which cotton is to be brought is a prey to the revolt . The friends of the West Indies have advanced the claims of

      these islands ; but how is it , if they axe so capable of producing cotton , that they have not produced it yet ? It is for want of supplies of labour , the African being slow to work except under coercion . There is no prospect of supply from South Africa , says Mr . South am , who has just presented a paper on . the subject to the Manchester Cotton Supply Association . Dr . Livingstone has indeed this week been preaching the capabilities of

      Western Africa , which already produces good cotton , has a climate for the purpose , the soil , the rivers , both for irrigation and transit ; and the people , he insists , have a peculiar commercial turn . Meanwhile , however , the price of cotton is continually rising , and the Manchester manufacturer asks how he is to continue to feed the enormous machine which has hitherto been his servant , but would be a formidable servant in rebellion .

      Commerce is displaying at once remarkable defects in that system of self-support and selfregulation which was anticipated from simple free trade , and equally remnrkablc evils arising from a specks of protection against which commercial men have not yet ; raised their heads—the protection of ' credit , ' under cover of laws designed to give a state-guaranteed value to certain transactions . Traders in various parts of the world have been using tlie power thus accorded in order to deceive . Some of the latest instances of this kind have happened in the United States , where a ship-building company is said to have jus I ; been exposed in defrauding purchasers in the size of vessels and in the construction . Other persons arc accused of systematically endeavouring to destroy the credit , of some American securities , those securities being held mainly by English capitalist * . If the device imputed to these persons were carried out , the securities would become . scarcely marketable , they would , he bought up id an easy rate , and the property originally established wil . h 'Mnn-lialt mmmv

      would revert to American citizens . Some flagrant cases of bankruptcy in the Union closely resemble more flagrant cases in this country , where persons of high social position , even members of Parliament , are about to take their trial on , criminal charges connected , with the lloyal British Bank . It is the same story in Paris . We long since exposed the true nature of the Credit Mobilier . When M . Cnaxles Thuivneyssen , banker and share-dealer , absconded , it was said that his case was quite peculiar , and that he had no connexion

      with that company . We pointed out the circumstance that his case was exactly like that of many persons of high commercial position in this country who have launched into extravagant speculations , and so deviated into criminal fraud . It now turns out that his liabilities were 600 , 000 / . ; that his uncle , a director of the Credit Mobilier , is liable for Ms debts ; and that the uncle is consequently bankrupt . It is M . Augusts Thurnei'ssen , a person of great distinction amongst European bankers and capitalists , in partnership with M . Pjeiieitce in various

      French joint-stock enterprises '; withM . Stieglitz in Russian and German speculations ; and it is said with very distinguished houses in our own capital . Last year M . Isaac Peiugiite was apologizing for the decline of the dividend of the Credit Mobilier Company from 40 to 23 per cent . ; and shares which have been as high as 300 / . arc now as low as 35 / . Some of the other directors have tried to get quit , hut have heen prevented , and all secessions which might havo ended in the breaking up of the Company have been smoothed over . Nevertheless

      the occurrence has shown on what a footing of uncertainty this whole class pf new French commerce stands . A cable has just been laid , , telegraphically uniting Africa and Europe , from Cape Spartivento to Cape Bonn * a line more advantageous to France than to England ; but -we have to see much more of this telegraphic trade before we can feel any certainty on the subject of its success .

      l \ vo meetings illustrate the severance of classes in this country , and that diversity of objects which is daily leading- men more away from each other . Tho Mormons liave held a conference in the Adelaide Gallery and in a large building in Westminster ; they have had great success . And Lord Bkouguam : has presided ; it the distribution of prizes by tho Institutional Aaaociution in Mancheater ; a unioiL of mechanics' institutes which is __ encouraging youthful self-education . One of the > . \ } . - - ., lads , who stood foremost on tho subject of social " ^ " -- '' aA ^> ... <^' Z ^ rr - ¦ J ^'^ t \ 5 ¦* W JiQ # Z & & w # s * S ?&

  • Citation
    • Leader (1850-1860), Sept. 12, 1857, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_12091857/page/1/