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/ ^w (/gY T VVV 'V >V ? A POLITICAL AND ...
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"The one Idea -which. Hi3tory exhibits a...
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REVIEW OF THE WEEK- " J-a ° Naval and Mi...
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VOL. VIII. No. 398.] SATURDAY, OCTOBER 2...
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npHE cloud which is gradually coming ove...
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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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
/ ^W (/Gy T Vvv 'V >V ? A Political And ...
/ ^ w (/ gY T VVV 'V > V ? A POLITICAL AND LITERARY EEYIEW .
"The One Idea -Which. Hi3tory Exhibits A...
" The one Idea -which . Hi 3 tory exhibits a 3 evermore developing it 3 elf into greater distinctness is the Idea of Humanity—the noble endeavour to throw do vrn . all the barriers erected between , men by prejudice and one-sided views ; and , by setting aside the distinctions ¦ of Religion , Country , and Colour , to treat the whole Human race as oue brotherhood , having one great object—the free development of our spiritual nature . "—Humholdt's Cosmos .
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Review Of The Week- " J-A ° Naval And Mi...
REVIEW OF THE WEEK- " J-a ° Naval and Military 1017 | The Annexation of Oude 1022 A Hindoo View of the Mutiny 1027 The Indian Revolt 1010 Miscellaneous .... 1017 i Parliament , the Public , and the New Editions .-.. 1027 Public Meetings . ..... 1012 Postscript 101 U Army 1023 New Novel 1027 StateofTrade 101-2 open council- The Winter Campaign in India ... 1023 Accidents and Sudden Deaths ......... 1012 " T TJ _ , 7 ^ " , JT' .,,,, +,, „ T ,. ^ n « , r , Workmen ' s Associations ..... 1023 THE ARTSTmionii -iai . 1 JLiOru . canning sum the Indian „ ., , . , _ . _«„ .. Inland .... 1013 Armv IMS . .-, r ,, « - ^ . ¦„ ^ Theatrical Notes 1027 America 1013 A 1 y 1 U 1 * | LITERATURE— TJieQrient 1013 PUBLIC AFFAIRS— ! Summary ..... 1024 „ ¦ „ ** Contihenta . 1 Notes 1013 The Money Crisis 1020 I Memoir of the Accession of Ni- TheGazette 1028 Our Civilization 1015 Statesmen for India . 1020 j cholas I 1024 ' ¦ „_„ . . ,- „ Gatherings from the Law and Po- The Dispersion of the Art Trea- | De Quincey's Sketches 1025 COMMERCIAL AFFAIRSlice Courts 1016 surcs 1021 I Brazil and the Brazilians . 1026 City Intelligence . Markets . & c ..... 1028
Vol. Viii. No. 398.] Saturday, October 2...
VOL . VIII . No . 398 . ] SATURDAY , OCTOBER 24 , 1857 . PRiCF ^ g ^ gg . iSgg' ' -
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npHE cloud which is gradually coming over the -L country and its trade by the converging of the storm from East and West , casts a lowering shadow upon our political prospects , and materially alters the view that we must take of the war in India . It seems as if we must come to a sterner period than we have yet had to encounter . At present all goes smoothly enough . The arrangement made by the constituted authorities for India is treated as if it were only a . matter of money ; but suppose tlie money were to fail ! It will not do so altogether , but certainly the financial prospects of this country are not at all promising . The American crisis has continued , and has compelled the Bank of England to raise its discount to the rate of 8 per cent .- —a point almost unprecedented . The Bank is perfectly right , and no exception is taken to its conduct . It will prevent the drain of gold that would otherwise seriously cramp the trade of this country . The Bunk of Trance has been compelled to follow , and has advanced to 7 £ per cent . ; which , as we have explained in a separate paper , is perhaps more than equivalent to our own rate . The clamorous demand for money continues on the Continent . So far this is the natural conscqiienee of the numerous failures which have extended from the United States to the commercial towns of France and England . But ¦ we have a worse stage to go through yet . The embarrassment has tended to put a stop to the purchase of goods in which the several countries trade . French exports to England have been much reduced ; American exports to England have been checked ; India has not exported . Our exports in Teturn to all those countries are either arrested or diminished . But if exports arc stopped , manufactures and trade of all kind must be stagnant :. The next consequence is great difficulty in raising taxes ; and thus the ample supplies of money for the war in the East ; arc not likely to he produced with such extraordinary facility as we have hitherto witnessed . At present , the money accruing- oven from voluntary contribution is singularly contrasted with the high rate demanded for money in the City The 150 , OOOA The Executive Government and the Uty Government have been contending for the -idministration of the fund—the Ciiamcklloii or this Uxoiibqueh making an offer to place it under a
Royal Commission , the Lord Mayor declining and retaining the administration under the authority of the chief magistrate ia the City and the committees appointed by public meetings . The fund has already become so considerable that a separate office has been engaged , and it seems likely to be a permanent institution- —an auxiliary exchequer for conducting one branch of the national expenditure . Should hard times cause this stream to be cut off , the burden must fall upon the compulsory taxation of the country . Public meetings continue to be held for the promotion of the fund , and some counties come out magnificently , others unexpectedly hold back . At all the meetings , however , there are resolutions moved and speeches are made ; and other public meetings , whether between Members of Parliament and their Constituents , or the members of agricultural associations , turn a great part of their attention to India . At all such gatherings the opinions expressed constitute a demand for increased exertion , and therefore increased expenditure . The Government of the country is exhorted to assert its Christian principles by the defence of its own subjects , whether European or Indian , who adhere to that faith , though leaving the native religions free . This would be a much more energetic policy , and it would require in the first instance a greater exercise , or at least ; a greatc r display , of military strength . At some of the public meetings the question lias been debated , whether the administration of the country should remain under the East India Company or be handed over to the direct control of the Queen ' s Government ; and opinion in favour of that transfer is certainly gaining ground . If the Company were abolished , compensation would be required ; and again it is a question of expense . The reinforcements continue to be sent out from this country in driblets . Reinforcements are converging upon India from the West Indies , the Cape of Good Hope , Ceylon , Mauritius , and other British dependencies . At these public meetings , and wherever men do congregate , it is always assumed that this country must retain the Indian Empire . Perhaps every hard-headed Englishman would be as ready as Queen Mauy to weep for the loss of one of our dependencies . It is not to be concealed , however , that in parting with their troops for the defence of India our dependencies arc rendered weaker than they have been . Although we arc in ulliance with the Continent , England has not obtained favour with either of « the two great parties' iu that large portion of
the globe . The Legitimists do not like tls for going with Louis Napoleon , whom they are compelled to admit amongst them , but whom they despise as a parvenu , dislike as a dictator , and fear as an enigma . Although under Government control in all parts , the continental press is certainly not favourable to England . The popular party in all European countries resents our want of fidelity to Liberal principles ; and ' England , known only through its officials , is not popular with the Government of Northern Italy , witli the people of Southern Italy , of Prance , Germany , or Hungary . We have no hearty friends , because we have not been a hearty friend ; and if we are about to enter into a season of trouble , without that command of cash which has made us so proud , without enough troops to cover all our territories , it is likely enough that some of our enemies will seize the occasion to pick a quarrel , and the war of defence would assume a new aspect . It will no longer be a mere matter of money . The military departments arc at present able to undertake anything that tlie Chancellor of the Exchequer can pay for , —to buy regiments in the labour market , and to contract for every species of service ; but that power will be gone , and the people will have to take the matter of defensive war into its own hands . It is the people of this country that will ha vc to supply the men and the means . ] NTo such feeling , however , prevails at headquarters ; for at Jassy we find Sir Henky Bulwer behaving as if England could dispose of the world —fr ccly pledging England to maintain intact the right and dignities of the Ottoman Empire , even against its own subjects . Notwithstanding the de * . liberate declaration both of Moldavia and Wallachia , union is not to be . After tho virtual protest lately made by the Porte , conveying the certainty of its refusal to accept the union of the Danubian Principalities as thft solution of the question , Sir Ht . nry Buiaver's speech at Jnssy may bo taken as "" pretty nearly conclusive : no foreign Prince will he placed upon the throne of Moldo-Wallachia , ( or Moldo-WaUachia will not exist as an united provhicc . During the late French elections , Count Jules Migeon beat the Government candiduto at r ^ im ^ ^^^ by the insufferable majority of 7000 votes , / *^ £ ^ ~ 5 ^\ £ > I ' eets , sub-prefects , mayors , and coinmispj- {( i ^^ p 5 'I ?;>\ y ^ / jrrj police stared xi-lmst—awful visions of tho m ^ j ^^^ M S * supreme authorities rising up before them foTOTnffi jp R" tl | ll > i | {/} - " - " — ¦ ^ gjg !
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Citation
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Leader (1850-1860), Oct. 24, 1857, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_24101857/page/1/
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