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March 14,1857.J. THE LEADER, 2 gjL-
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THE NEWEST PARIS CREDIT SCHEME. The most...
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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.
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W ¦ ¦ The General Election. " The Appeal...
on that occasion as conspiring m an intrigue , iord John ! RirssEiiii has avowed that if Lord Palmersto ^ had previously announced the appointment of a Plenipotentiary to take the matter out of the hands of Sir John Bowedtg , he should have l ) een satisfied . Mr . Cobi > en may have differed with Lord Paj > 3 UERSTON' to the end of the chapter , on his peculiar Peace principles , hut none of the others are Peace men ; and if the Premier had only announced what he has actually done , there would have l ) een no occasion for the Liberal vote against him . Yet the voters
are represented as engaging in an unfair move and he goes to the country as a victim ! It is the country that is to te the victim , and we shall see "why . About a week before , Lord Paxmebston had made a fatal blunder . 3 ? org « tting all that has happened since Mr . Locke Xing had first made his proposal of a 10 Z . country franchise lord Pai / MEBston thought it was an affair of no importance . Because the country had consented to . be amused so long with the
war after it was over , Lord Paljviebston thought that it was as willing to forget lieform as it was ready to bear another year of the full Income-tax , if nobody made a fuss about it . Accordingly , believing others to share his pwn indifference , he made that declaration against all Heform , and found himself in the lobby with the Tories . It was a position of that kind which can only be described by a vulgarism and who can doubt that the facetious Yiscount in his . own mind said , as he walked into the lobby with Mr . Disraeli , " "W . B ., " and Sir Bowyeb Smijth ,
"Here ' s a pretty go ! " "Who was entering into a combination" then ? The mistake had to he compensated , and an occasion offered—Mr . Giadstone went over to the Tories to be better appreciated ; Lord Deuby objected to Sir John Bowbing ; Mr . Cobdun was not satisfied on the point ; and Lord Joms EussELii agreed with Mr . Cobdent . Xeigh Hunt has made out that through a ' chain , of salutations we may have shaken hands by proxy with Shakspeare or Pontius Pix-ate ; and on the same principle it was easy to make out a connexion between Lord John and the Tories . ISTow what are the
facts ? Lord Jokn : has not pursued a factious course in the House of Commons : since the first opening of the session it was apparent that he had marked out for himself an independent coursejudging of questions on their public merits . But to judge a question on its merits is an offence in the eyes of a Premier paramount . Besides , as Lord Palmeeston had gone with the Tories , the object was to make out that Lord John had dono so , whether he had or not ; and hence a systematic misrepresentation . Ministers stand convicted of it by the words of ono of themselves , Mr . Osbohne , who alluded to " the Coalition" — that
as , Djebby , Disuaelt , and Gladstone , —as " RussEiiij and Co . " That mystification is to be carried out at the election if the public can only be deafened by a " cry , " and induced to forget tlio facts ; which arc , that Lord Palmehston went -with the Tories , when even Osboiote was ashamed to go with him , on the question of lieform , while Lord John went with Mr . Cobdkn on the question of BowitiNO , and would not have dono so if Lord Palmuiisxo ^ had publicly stated what he has actually done . Who is intriguing now ? But we have not done with the evidences of tlio hoax to be put upon tlio country . At tlio election , people are to forget Reform , and to remember only Paxmickstox — to forget the voto in the man . Liberals who have affected to stand by " . Reform , now leave it to stand by tho Opposition lea dor in tlio Locke Kino debute . Ono Liberal proposes
to retire from Middlesex , if he can make way for a gentleman more acceptable to the electors . "W"h . o is mentioned as the new " gentleman ? "" The IVIarquis of Blandfobd , a Tory . And who is the obliging gentleman that is so willing to make ' way ? That same modest Mr . O sbobnie ! And where will lie find a seat ?—for , of course , he must be elected to the Paxmebston Parliament . Perhaps at Devonport , turning out Sir Erskine Pebry ; one of the Liberals who voted with Lord John Htjssell . "Who are making a " combination" with the Tories ?
The practical question is , whether the country is simple enough to be thus gulled . It was indignant at the coalition between Disraeli and Gladstone to turn out Palmebsxon ; but why should it wreak its vengeance on Russell and the Liberals , whose real offence is that they would not forget Reform , and wished Lord Palmeuston to do in China what he has done ?
The Coalition is a dead failure , and even Mr ' .. Disraeli turns up his nose at it . But tbe other coalition , between Palmerston and the Tories , begun even as we have traced it , and continued even to the hustings , is not yet a failure . But we see symptoms that the country will not be quite so green as some hoped .
There is one omission which it is not likely to pardon . The election was announced , and the Government did not deign to put forth a programme . "L ' etat—e ' est moi , " said Lord Palmerston ; . — " JT'll be your programme . " " Thank you for nothing , " the country ' may answer ; and it is nothing .
Even , if a programme were issued at a late date , it could not be till the country was far gone in preparations for its choice . The country , therefore , is left to no course but to choose its own men ; and the question is , whether it will or will not forget all that it has hitherto demanded under the generalized name of " JJeform . "
The improvements which we require under that head , have been , and would have been during the present session , entirely suspended . Let us ask , for a single one , what has been done with the army ? If there had been any really great improvement promised , it would have been , announced ; but some facts have come out . The Duke of Cambridge was stopped as sopu as the aristocratic party in the army knew the real scope of the improvements designed by " the soldier ' s friend . " Lord LircAN , Lord Cardigan , General Airet , and Colonel Gordon , have been sustained in aomo of the highest military honours which could be bestowed . How have Sir John" M'Neill and Colonel Tullocii
been treated ? They exposed the fatal incapacity that had lost an army , and the Crimean Commission was appointed , let tis remember , to blunt the effect of Mr . Roebuck ' s Committee . They did their duty well , but have been neglected , and insulted , until at last Lord Pai / mehston is compelled to give way before tho sense of decency in tho House of Commons . Tho Land Transport Corps has been discharged like a body of paupers ; while tho men who caused the mischief have been rewarded and honoured
and Ministers boast that the expenditure has been cut down , leaving the country Htill without the necessary military defences and barracks ; so that the excessive expenditure of which Mr . Gladstone complains is , after all , not efficient for its expressed purpose Auk General Witjdjiam whether a popular army might not bo established at less ox pen so than our aristocratic standing army ; let tho Norfolk people hoik . 1 General Wind ham to the House of Commons , and wo shall hear more sibout it . Our foreign , policy is an organised mystification . We have
demonstrations towards . Naples , while Italy i » left to fall between Austria and France * . Switzerland is made to give up her rights on the faith that England and France will make Prussia behave handsomely , and Prussia takes advantage of the bargain that she did not make . We accept ivt Paris those conditions from Persia which were refused in Constantinople , because , whether about Persia , Turkey , Switzerland , Italy , or anything else , our Prime Minister is content to play second fiddle to his friend on the throne of
Prance . The French Government itself is an immense bubble company—a societe anonyme- —the peculiarity of which is that the managers are not answerable for the obligations of its shareholders , nor for the bankruptcy that will come ; and there are English : partners in some French companies . In short , we may have a clear and intelligible foreign policy , an economical expenditure
without penny wisdom , and a fresh start of political reform , if we do not fall into the snare and forget everything but the clerer old gentleman who puts to the country the question : " Am J sharp enough ?—are yovtr simple enough ? " The real key of all popular power is the one which the country is aBked just now to forget—the progressive extension of the franchise .
March 14,1857.J. The Leader, 2 Gjl-
March 14 , 1857 . J . THE LEADER , 2 gjL-
The Newest Paris Credit Scheme. The Most...
THE NEWEST PARIS CREDIT SCHEME . The most magnificent scheme that tho peculiar style of French commerce now reigning in France has yet invented , has been disclosed to the world this week : it is "the International Association of . ¦ C ommercial . Credit . " There is nothing new in the plan , which is exactly copied from- the Paris pattern . The persons who stand ostensibly forward as the founders of this new company or bank are : Mr . William GtXadsto ^ e , of the firm of J . Thomson , T . Donon , and Co * , of
London and St . Petersburg , directors of the Orleans Railway , acting in liis own name , but as agent of Mr . Weguelin , Governor of the Bank of Eugland ; Mr . Charles Bell , merchant ; Mr . Alderman Salomons ; Mr . ClIAKLES MoitltlSON , of tho llOUSO of MoEbison , Dillok , and Co . ; Mr . Arthur Hankey , banker ; M . r . S . H . J . Go : ldsciimid , Mr . lioiiEu-r Campbell , —all of London . ; M . Samuel Arthur dje Habeb , fundowner , and M . Hen iti F . Xi . Mar £ e , Assessor of
the Tribunal at Berlin , acting as agents of M . David Hausemann , formerly Prussian Minister of Finance , and now manager of tho Berlin Discount Company ; Mr . Hobeet Kayser , Viee-Preaident of the Hamburg North German Bank , acting as agent of Senator Guhtavus GoDEirimor , of the firm . of God jef into y and Sons , Hamburg ; M . Eunes'jl' Mekck , Consul-General , of tho firm of II . G . Merck : and Co ., of Hamburg ; M . Alujsht Dujtouii F £ lumois , Managing Director of the German General Bank at Leipzig ; M . L . 11 . BiaoHOFFauiaiM :, banker ,
and M . Abmanu Dokon , of tho bankinghouse of DoNoK , AujntY , 0-a . u'jieh , and Co ., of Paris . The objects of tho bank arc : to centralise scattered , and unproductive capital j "to support and develop all the commercial and imluHtriul tranttactiouH of France , by facilitating the accession of foreign capital to French aflaira ; to assittt in the reduction of the rate of interest and in tlio development of credit , whilst keeping the company exempt from the rinks attendant upon h peculation in HecuritieH , purehaHCB and buIch on ita own account not being permitted . "
Tho company will be a " . societ /; anonymc , tho constitution of which u peculiar . Such a company in called " auoiiymoua" because it ( Ioob not bear the naincoi ' : my of the partners ; but iy di ; tu ; na ( . (! cl by a title signifying the object of the association . > Such a society
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Citation
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Leader (1850-1860), March 14, 1857, page 11, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_14031857/page/11/
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