On this page
- Departments (2)
-
Text (7)
-
Untitled Article
-
Untitled Article
-
Untitled Article
-
(Ccntcnts :
-
Untitled Article
-
Untitled Article
-
UUtrim uf tjjrttU^lu —?— ¦
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.
-
-
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.
Untitled Article
// yf ^ * * ^^ " ^ V'A / VV ~ V 'V > V ? 1 POLITICAL AID LITERARY REVIEW . _
Untitled Article
ALWAY S wken Parliament breaks up it leaves us in a state to be expressed by no other word than mystification ; and this year , from the concurrence of outward causes , the mystification , is greater than ever . We do not know 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 tliat Ministers are exerting themselves to the utmost ; but on what principle ? 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 bet-ween eighteen years and twenty -three , on raising a hundred recruits , to receive a commission , if the Commander-in-Chief shall previously have 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 purclia . se system , and we do not perceive in this order the opportunity for admitting any persons of a new class . Only young men o £ ' position' could raise recruits . The Queen is subscribing 1000 ^ . towards the fund for tlie sufferers in India , the Prince Consort and Duchess of Kent making
up the sum to 1400 / . ; Lord Pai / merston givinghis 100 / . The parallel is remarkable . Tlio Emperor of tlie French had already given 1000 / .,, his Imperial Guard making the sum up 1400 / . ; tlie French Ambassador giving 100 / . All the towns about the country are 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 .
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 territo iry 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 tlie claims o £
these islands ; but how is it , if they are 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 . Soutiia . m , 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 whieli has hitherto been liis servant but - \ vould l ) q a formidable servant in rebellion .
Commerce is displaying at once remarkable defects in that system of self-support and selfrcgulatiou whioh was anticipated from simple free trade , and equally remarkable evils arising from a species of protection against which commercial men have not yet raised tlieir 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 the power thus accorded in order to deceive . Some of the latest instances of this kind have hm > -
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 Royal British Bank . It is the same story in Paris . We long since exposed the true nature of the Credit Mobilier . When M . Charles Thuiineyssen , 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 his debts ; and that the uncle is consequently bankrupt . It is M . Auguste Thurnexssen , a person of great distinction amongst European bankers and capitalists , in partnership with M . Pjkueire in various
French joint-stock enterprises "; with M . Sxieqlitz in Russian and German speculations ; and . it is said with very distinguished houses in our own capital . Last year M , Jsaa . c Pjeheire was apologizing for the decline of tl \ c dividend of the Credit Mobilier C-Qinpany from 40 to 23 per cent . ; and shares which Lave been as high as 360 / , are now as low * W 95 / . Some of the other directors have tried to gei quit , but have been prevented , and all secessions which might have ended iu the breaking up of the Company have been smoothed over . Nevertheless , the occurrence has shown on what a footing of uncertainty this whole class of new French commerce
stands . A cable lias just been laid , telegraphically uniting Africa and Europe , from Cape Spartivento to Cape Bona , 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 cortaiuty on the subject of its success . Two meetings illustrate the severance of classes in this country , and that diversity of objects which is duily leading men more away from each other . The Mormons have held a conference in the Adelaide Gallery and . in a large building in
Westpcn « d in the United States , where a ship-building company is said to have just been exposed in defrauding purchasers in the size of vessels and in the construction . Other persons are accused of systematically endeavouring to destroy the credit of sonic American securities , those securities being hold mainly l ) y English capitalists . If the device imputed to these persons were carried out , tlie < seenritics would become scarcely marketable , they would be bought up at an easy rate , and the property originally established with English money
minster ; they have had great success . And lord Brougham has presided at the distribution of prizes by the Institutional AssoomUon in Manchester ; a union of mechanics' institutes wJiM&-is"T ^ - * - encouraging youthful adl-education . One d > j > jW : ^ >\ , \ ^ lads , who stood foremost on the subject < m § 4 $ W ^ 1 \ - ^ ' > < - £ «< $ P $ $ % & & ££ fe ^/ £ ?
New difficulties have arisen in the settlement of the Principalities question . The latost Turkish Government has been broken into ; 11 ej > scj [ 1 d Pacha is succeeded by Fuad Evkkndi ; Austria , it is understood , very reluctantly consents to the latest arrangement ,. if consent she does ; and it is imagined , though wo really know nothing about it , that the Emperor of the French is somehow to settle the matter in tho English sense wlicn he meets the Emperor Ausxanotsu , at Stuttgarcl . The one thing clear is , that Turkey cannot rule her own subjects , who are now rising against her authority
Untitled Article
' The one Idea which History exhibits as evermore devnU > pin . £ j it 3 elf into greater distinctness is the Idea of Humanity- —the noble endeavour to throw down , all the barri 3 r 3 erected "between men by prejudice * and one-sided views ; and , by settingasiae the distinctions of Religion , Country , and Colour , to treat the whole Human , race as one brotherhood , having one great object—the free development of our spintualnature . "—H-umboldt's Cosmos .
(Ccntcnts :
( Zcnttnts : |
Untitled Article
VOL . Till . No . 390 . ] SATURDAY , SEPTEMBER 12 , 1857 . Price { SgSJX ^ SgSS ? - ' .
Untitled Article
038 REVIEW OF THE WEEK— paobI Gatherings from the Law and Po- Tho Civil Government of India S 70 Soyer ' s Culinary Campaign 884 The Indian Revolt SG 6 lice Courts 874 j The Mormons , 880 A Papistical Poem .... 885 ¦ %£ ^™ :-=: —™ £ - SS&C 0 ; : v ::=:::: ; :::::::::::::::: ^ \ ™ % ^^^? T ^ * i thea ™ - ]^ A ::::::: z :: " :::::::::. z :::: z :: I ™ postscript m \ OPEN COUNC 1 L _ Theatrical Notes .. , sse ¦ . S ^ J ^ SsSdSS ' - D ^ thi- " :::::::: IK PUBLIC AFFAIRS- I Foresters ' Tawdry . .... 881 _ State of Trade . 871 The Progress of Events in India ... S 77 i itfratiire- Ti , nrB , » Hn a « w ? TheMormon Conference in London ... 871 AVivcs-in-Law 877 LITERATURE TUeGazette 886 The Great Eastern Steamship 872 MisROvemment and . No-Govern- Summary ....... ¦¦¦¦¦•¦ JS 2 commercial apfair «! - Our Civilization 7 .. 872 menfc 878 Louis Blanc ' s New Volume 882 COMMERCIAL AFFAIRSNaval and Military 874 ' Peace Makers' 879 i A Pascicle of Romance 883 City Intelligence , Markets , &c ....... 886
Uutrim Uf Tjjrttu^Lu —?— ¦
UUtrim uf tjjrttU ^ lu —?— ¦ ¦
-
-
Citation
-
Leader (1850-1860), Sept. 12, 1857, page unpag., in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2209/page/1/
-