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PHILOSOPHY ON FISTICUFFS.
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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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These curtailments , so inopportune for our expanding-- trade , are the necessary consequences of legislation [ still animated by the spirit of Corn-lawishi . First , the law prohibits the establishment of any -new bank" of issue ; it might as well prohibit a manufacturer from establishin an additional , factory or a farmer from cultivating an additional field .. " Next , the Jaw having- both diminished the quantity and deteriorated the quality of 'private bankers' notes , makes the similar notes of the Bank of England legal tenders , and confers on them exclusively , so far as it can , the quality of money . Then , the'law having unjustly and stupidly tali en away the rights of individuals , places-a limitation on the action . of the favoured Bank , and prohibits it from issuing more credit notes than it has gold in its vaults over and above an arbitrary sum of £ 14 . 570 , 000 , which it is permitted to issue on a
part of the Government debt . Having thus created a currencywhich it never did as to metallic currency—the precious metals being-, as Lord Oveiistoxe ( Joxes Loti >) admits , natural cu ' rreiu-v , though , on the pretence of having done the hitter , " it bases a ri ^ ht ' to do The former ; and having restricted that currency within verv narrow and inflexible bounds in relation to our vast and expanding business , the law compels the public to pay mto the Bank of England quarterly the money it extorts by taxation . ¦ lhe consequence is that towards the close of every quarter tins legal paper currency flows from the public in'large masses mto the Bank . ' out is of the Bankand this
Theoiilv wayit can be got by borrowing , the public is willing enough to do , but displeased at having to pay an increased rate for the use of money so unnecessarily forced into the Bank , while it is arbitrarily restricted and contracted in amount by the law . The public justly complain , therefore , of the Bunk that it uses a triple monopoly to extort a higher rate of discount , and gather to itself more wealth than naturally falls into its lap . The most strenuous advocates of this stupid and _ unjust law ^ such as the ¦ city--writer ' of the Times—now condemn the conduct of the Bank , and begin to open their eyes to the evil consequences of an anti-free trade enactment hitherto devoutly worshipped .
It is very difficult , however— -we are sill such idolaters of wealthto suppose that this rich corporation , endowed with great privileges , can be ia any way detrimental to the nation . On the contrary , the public knows it to be an instrument and part of our commercial system , and admires it for the . share it has in the immense general benefits which accrue therefrom . But the Bank cannot be more beneficial than , that of which it is a part : It is only beneficial as being-subservient to commerce . It is ¦ admired as contributing to commercial greatness ,.. Now the law which regulates it , and the selfishness which guides its conduct under those regulations , make it detrimental to -commerce . It is very rich , very powerful , very iiseiiil > but neither so rich , so powerful , nor so useful as the trade wheh it ought only to serve , and which , as now regulated , it enfeebles and cripples . ' .
At present , the corn markets are rising , aiid foreign trade , is expanding . On this , depends the entire success of Mi \ Gladstone s bud ^ -eC and to this end he professes to direct legislation . Dear corn might be only a trifling impediment . to the increase of trade , were , trade hot otherwise : checked . In , the main , however , it is carried on by credit , '' , ' aijd the law which lessens or cripples credit checks trade . The rise in the price of corn -will induce ' larger purchases of corn abroad , which , in the first instance , will cause an exportation of gold , This will lead to ajstiU the JBunk of
. further curtailment of the credit notes issued by Eng- < land , and thus at the very moment when Sve shall" most want credit money to fill up the place of the abstracted metallic currency it will be curtailed . Expanding commerce will be checked by further and unnecessary rises in the rate ofdiaeount . The Bank of JEnghmd > we cun foresee ,, will be more' severely tried by the steady growth of trade than by its convulsions . The prosperity which makes its obstructive power manifest will be more fatal to > it than the dissensions which retard progress , and conceal all wrongs'but those they en gender . . s .
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FTVHAT ready source of modern classical erudition , the Lfttin gram-- *• war , lays down the axiom that to have faithfully learned the liberal sciences , softens the manners and . prevents them Jrom bocoining brutal * . " With tliis maxim h ' nnly impressed on our mind , we can only account for the universal , interest e ^ citod by the forthcoining pugilistio encounter between Mr , Thomas Sa-vehb and Mr . John Heenan , the Benieia Boy , by the supposition that among the liberal sciences , which the moralist contemplated , must be included the noble art of self-defence . Assuredly tho ago in which we live has applied itself most asHiduotisly to the study and
cultivation of the "liberal sciences . " The moral progress ol tho nation has fully kept pace with its material advancement . Tho electric ! telegraph is not an inch in advunco of the ragged school and . the roidnighkmeetings at St . James ' s Hall . Stevuenson and Brunei . have nob waged more determined war against the obstructions of physical' nature , than hus been carried on aguiiust the rudeness of xnoraj nature by such philanthropists as Bikkujkck , Buovgham , and SnujTTESuuttY . Noy have the latter obtained ' a leas glorious victory , "Wo live in times when philanthropy covers tho face of the land ljlco a mantle . Within tho last dcoiule wo have seen a Police Society earnestly eiignged in tho laudable effort to reconcile tho lion to tho lamb , and oven to include tho Russian Bear in tho sumo happy family . Wq have soon a lady pf rank and fortune following our armies-to the battlCffiehU and spending' days and nights ivt the bed- , sides of dying and wounded aoiuiera . We have seen proud earls / the
descendants of a long line of ancestry , throwing aside the insignu of their rank and , clothed only in the habiliments of -humanity going forth into the lanes and alleys of overcrowded towns ' to succour and reclaim the lost sheep of society . Hospitals , homes refuges , asylums , and missions have multiplied , until there i '; scarcely an " excuse left for adding another to . the list . Nor are sue ! efforts confined to home . Eng-land ^ s stock of philanthropy is , like her stock of coal—inexhaustible . She has plenty to spare for hei neighbours . By and by we may expect to hear the British Philanthropist , like ALexaxdek , heaving a deep sigh , because he . has nc more worlds to subdue with the sword ' of civilization . The active exercise of these Christian virtues has changed the whole face ol society . Since this war of civilization began gentlemen have left off getting- drunk after dinner . The rosy-nosed , six-bottle , man has become extinct , like the Dodo or the Ichthyosaurus ; and his successor leaves the table with the ladies , and follows them like a lamb to read Teksysox , or listen to Mendelssohn , in the drawingroom .- The fast man , who wrenched off knockers , bonneted watchmen , and took delight in . " spicy" songs at late supper-rooms , now shoulders a rifle in the cause of Ids country , improves himself at odd hours with Macavlay and Caklyle , and finds amusement in a classical concert , a lecture by Mr . Thackeray , or a reading by Mr . Dickeks . '¦ . ¦ '¦ The only attribute regaining- of his original folly is a penchant for outrageous trousers and extravagant coat sleeves . The improvement in .. the tastes and habits of Young Kngland is best shown in the fact , there is not now a single supper-room in London where indecent songs are sung . This sort of thing- was rampant ten years ago , but it has now been entirely suppressed , not by . an Act of Parliament nor by the police , but by the progress of a purer taste- This emolition . of manners ^—to adopt the phrase oi the Latin moralist— -may be discerned in every grade of soeiety , The savage breast of the hodman on strike no longer harbours lethal intent against the master who has locked him out . His brickbat is turned into manifestoes and argumentative letters to the papers . He isaiiioral-forcemannow . A glimmer of the new millennial light has even penetfateji into Parliament and the state councilchambei-, and Governinenfe pursue the march oF'hnprove . inent without the pressure from without , " We see in these days ministers so imbued with tenderness for humanity , that they are willing to let their country sink in the scale of nations , rather than do anything calculated in the most remote degree to provoke a breach of the peace . In one word , we have attained to a high pitch of civiliza-• tioh and refinement . . - Having- reached this high eminence , let us look around and sec who is the hero of the day ; who the man upon whom-all eyes . are most intently fixed , and'in " whose . 'fortunes we take the deepest interest . Is it Lord JoHn Hussein . with liis Reform Bill under his arm ? Mr . Gladstone with his tariff and treaty ? Locis Napoleon ? VjcTQii iviiMANrEL or the Poi'E ? Certainly not . The her of the day is Mr . Thomas Sayers , jointly wifli Mr . John Heenan . Are not their respective merits and chances a prominent topic of conversation at the clubs nnd in society ? Arc not the shop windows blazing with their . portraits ? There is Mr . Save us ,, with his bullet head and broken nose , and his hair combed expressly for the occasion ; and there is Mr , Hkenan with his short , black curls and fur collar , looking' like what Loi'd JBy ' uon might have looked , had he taken to bushranging instead of poetry * Mr . S . vykks us the champion of England adopts the royal arms of his country ,- while over the image of Mr . Heena > - proudly floats' the . stor-spang-led banner of the' States . Tlfe newest " thing" in silk handkerchief * is adorned with a pair of medallions , bearing' portraits of the illustrious t \ v si in . Hor do we hear of the doing-softhe . se worthies alone through the- medium of Bell ' s Life . The Tumcs gives us a full account of Mr . Ween ' a ^' s mode of life hi his country retreat , in m . ut'h , the same form that it makes us acquainted with the interesting fact , that the Queen" walked oil the slopes , or rode in tho ridingschool . Tom arid the IBenicia Boy have even invaded Parliament , and come to the ears of royalty . An honourable and humane member- beseeches the Home Secretary to interfere to prevent the fight , but that functionary will only answer for the exertions of Sir KicirAitD Mayne . IIek Majesty goes to the . Olyinpio Theatre , wid sees Mr . Hobson in the character of the " 13 , B . " givo a display of science with delight . And here is Vivcil , of the Seven piuls * singing " Arms and the men , " while the town is ringing 1 with the refrain , expressing a national predilection for betting money upon old Toai : Sa . yk . us , with a dudah , duduh ,, dey . What is this ? Is it a phenomenon , or tho first symptom of tho decline and full of tho British empiro predicted by M . Lepbu Rollin ? Or is it tho prevailing at length . of the magnet veritas , that the P . 1 { . is ft ItQulthy institution , worthy of all encouragement ? There wephiloaophera who tell us that it is owing to tho practice of boxing , that the . 'knife nnd tiro pistol are rarely used in JJJnghu . jd j nnd that tho hubit of manly exercise which it has promoted is one of tho chief causes of the superior physique of Englishmen . If this be so , boxing hns really boon an important element in the formation of our national churactor . The only gruvo objeotion to prize-fighting , } Si that the combatants are liable to be killed . But so two thojuo who engage in cricket , boat rach )^* » v » A hunting , nnd no ono thiulis oi denouncing thesd sports on that account . Afc ony ruto , it is lug " time thttt wo camo to some delinito underutftnding on this head . " prize-JightinK bo unlawful and pernicious , lot the Legislature 'take active and . on ' tiotunl measures to put a stop to it . If it bo n thing to l ? o oncoumgotl , lot ua « ot oontmuo tocociuot with tlnf embjeot py making a public pretonco of denouncing the practiuf , while wo privately fuvouv an 4 encourage it .
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320 The Leader midSaturday ' Analyst . [ April 7 , 1 . 860 ,
Philosophy On Fisticuffs.
PHILOSOPHY ON FISTICUFFS .
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Citation
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Leader (1850-1860), April 7, 1860, page 326, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2341/page/10/
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