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traced the t the mania to its The mania ...
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EREWASH VALLEY EXTExNSION iSB "HOCHDALE, BLACKBURN, AND EAST LAN-<J ASWRE JUNCTION RAILWAY COMPANY. l r '
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IHE iNOKTHEKN ST/Ui SATUHDAY, OCTOBER 18, 1845.
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THE PRESENT GAMBLING MAMA. ITS PARALLEL ...
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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.
Traced The T The Mania To Its The Mania ...
4 T . H- ^ Q ^ OBE ^ lS ^ ]^ ,
Erewash Valley Extexnsion Isb "Hochdale, Blackburn, And East Lan-≪J Aswre Junction Railway Company. L R '
EREWASH VALLEY EXTExNSION iSB "HOCHDALE , BLACKBURN , AND EAST LAN-< J ASWRE JUNCTION RAILWAY COMPANY . l r
Ad00406
[ pkoyisioxallt beoistered . j Capital , £ 1 , 750 , 000 , in 87 , 500 Shares of £ 20 each . ^ Deposit , £ 2 2 s . per Share . provisional committee . € . TL Uanderson , Esq ., Upper Clapton , Director of " theSouth Midland Railway Company . Charles Dickson Archibald , Esq ., F . R . S ., F . S . A ., Tork-terrace / RegcBt ' s-park , mid Walney , Director of the Trent Valley Railway Company . William Bean , Esq ., Tulse-hill . William Ikrcsford , Esq ., M . P ., 11 , Pall Mall , London , Director of the Thames VaSey Railway Company . Hon . Augustus Berkcly , Berkely-house , Spring-gardens . William BIanford , Esg ., Director of the Shropshire Mineral Hallway Company . John Bloor , Esq ., 'futbury , Stafovttshire , Director of the Tean and Dove Valley , the Derby , Gainsborough , aud Great Grimsby Junction , the Sheffield , Leith , and Potteries , and the Shropshire Mineral Railway Company . William Walker Bottenll , Swallow-house , Barnly , Director of the Wolverhampton , Chester , ami Birkenhead , Junctieu , and the York and Rengor Junction Railway Companies . Charles Bradley , Esq ., Director of the Trent Valley Continuation , and of the . Manchester and Birmingham Continuation Railway Companies . Joseph Brown , Esq ., Director of the Oxford , Southampton , Gospurt . aud Portsmouth , and of the South and . Midland Railway Companies . Louis Buekland . Esq ., LoydV , Director of the Manchester and Rugby Railway Company . Thomas Byrom , Esq ., Wigan , Director of the Liverpool and Leeds Direct , the Keigbly , Halifax , and ilnddersficld , the York and Lancaster , the Staffordshire Potteries , and the Rugby and Derby Railway Companies . "William Byrom , Esq ., Oldham , Director of the Oldlam Districts , the Liverpool and Leeds Direct , the Birkenhead and Holyhead Junction , and the Liverpool , Preston , and North Union Junction Railway Companies . Edward Cadman , Esq ., Wesfbourne-house , Sheffield , Director of the Isle of Ely , Wisbech , and Lincolnshire ^ of the Great Grimsby and Lincolnshire ; and of the Direct Western . Railway Companies . William Caldwell , Esq ., Inee Hall , near Wigan , Director of the Staffordshire Potteries Railways , the York and Lancashire , the Liverpool and Leeds Direct , and tlie Keigbley , Halifax , and Huddersfield Railway Companies . ¦ William Campbell , Esq ., Fairfield , Ayrshire . Jlicbard Carpenter , Esq ., Magistrate of Middlesex , Deputy-Chairman of the Warwick and Worcester ; and Director * of the Taw Vale Railway I , r - - : '
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- . . , - - - - - - l , | WillianYSloane , Esq ., Wimpole-strsct Cavendishsquare , Director of the South and Midlands Railr . way , and Belfast , Lame , and BalJyiiiena Railway Companies . ' James Smallpage , Esq ., Green Bank , Burnley , Director of the Wolverhampton , Chester , ana Bir-• kenhcad Railway Company . Henry Taylor , Esq ., "Wigan , Director of the Liverpool and Leeds Direct , the Keighly , Halifax , and I Huddersfield , the York and Lancashire , and the Cheltenham , Oxford , and London Railway Coni-, panics . r William H . Terrell , Esq ., Stone-buildings , Lincoln ' s Inn , Director of thc Hull andDoucaster Railwav Company . - William Thornton , Esq ., Berkeley-street , Portmansquare . Thomas Hammond Tooke , Esq ., Director of the Bideford and Tavistock , and London and Birmingham Extension Railway Comoanies . - Sir William Twysden , Bart ., Portman-square , Dorset-street i Director of the Chepstow and Forest r of Dean and Gloucester Junction Railway Company . ' Joseph Underwood , Esq ., Blactheath Park and ! Norwich , Director of ihe Oxford and Worcester Extension Railway Company . : C . Waite , Esq ., Willesden , Direcfcorof the Worcester 1 and Warwick Railway Company . ' Robert Watkins , Esq ., Director of the Oxford , Southampton , Gosport , and Portsmouth Railway Companies . Samuel Watkins , Eso ^ ., Forest Hill . W . A . Wilkinson , Esq ., Director of the Wavcney Valley and Great Yarmouth Railway Company . B . B . Williams , Esq ., Wyndham-placc , Bryanstoncsquare , Director of the Direct London and Manchester Railway Companies . Francis Sachevercl Wilmot , Esq ., Storton-by-Dale , Derbyshire , Director of the Tean and Dove Valley Railway Company . John Wheelton , Esq .
Ad00421
. EREWASH VALLEY EXTENSION AKD ROCIIDALK BLACKBURN AND EAST LANCASHIRE JUNCTION RAILWAY CO MPANY " \ TOTICi ! IS HEREBY - GIVEN , fliat no further ' 1 * Applicat < ms for Shares in this Company " an De received after W"J 5 DNESI > A \ , the 15 th of October ,, after wajch tie allotments wilf' take p & ee . j By order , I STUijKj ^ t ^ . s Locker , gee i te , Pinebury-circng . •'
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EREWASH VALLEY EXTENSION AND KOCI 1 DALE , BLACKBURN , AND EAST LANCASHIRE JUNCTION RAILWAY COMPANY . NOTIC E IS HEREBY GIVEN , that tbe offices of this Company are REMOVED to U , Warnbury-circus . By order , SrltLIKOFLEKT LOCKEB , SfiC . October 0 , 1845 .
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TO TAILORS . . . By approbation of Her Most Excellent Majesty < Jueen Victoria and His Royal Highness Prince Albert . THE LONDON aud PAWS FASHIONS tor Autumn and Winter , 1845 and 1840 , ready early in October , by READ and Co ., 12 , Jlart . street , Uloomsbury-wiuare , London ; Birpcr , Holjwell-street , Strand , tondon , and maybe had of all BooUeellere whe * t ! so <*« r residing-, a very * uperb Print , representing the most splendid exhibition in Europe , an Interior View of the . Colosseum , Ucgent ' s-park , London . This exquisitely executed and beautifully coloured Print will be accompanied with fullsize DrcsB ^ Frock . and Riding Coat Patterns ; also , Patterns of the Ntw Fashionable Polka Frock , and Locomotive Riding Coats , and an extra fitting Fashionable Waistcoat Pattern , with every part complete , and a full explanation of the manner of cutting and making them up ; also 9 extra plates , including 3 sectors , 4 for cutting faury coats , I for waistcoats , the other for tuttiug Coat Collar Patterns , in proportion , for all sizes , so that any person may complete the whole in the most correct manner , without a previous knowledge of any system of cutting whatever . Price ( as usual ) the whoto , 10 s ., or post free to any part of England , Ireland , Scotland , and Wales , lis , System of Cutting , 25 b ; Patent Measures , 8 s the set . Patterns , post free , Is each ; to be had of all booksellers . For particulars , see " Townsend ' s Parisian Costumes , ' ' "Gazette of Fashion , " "London and Paris Magazine of Fashion , " the " London and Country Press , " < te .
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TO TAILORS . Just published , LONDON and PARIS FASHIONS for the Autumn and Winter , 1 S < 5 , by T . GOOD , 6 , Conduit-street , Uegeat-street , London . The mostsupeih plate ever pub . iished—19 figures , representing the most fashionable garments , particularly the new style paletot over-coats , both single and double-breasted , six patterns of garments—viz ., two sizes of paletot , ' two dress coats , the Parisian style vest with 'skirts , and shooting vest ; full and particular report , & c ., A-c . Price 10 K . ' 6 * d . for thc one season , or 20 s . for one year , including an Intermediate report , summer and winter , with every necessary information throughout tlieyear . A splendid Livery Plate , warranted the most useful in the trade ; seven patterns of garments , and a hook of description , & c . Price only 12 s . Two Juvenile Plates—No . 1 for spring and summer , No . 2 for autumn and winter ; price ( with the fashions or livery plate ) , 4 s . each . The work on Cutting , in numbers at Is . Cd . each , as usual . Scientific cutting taught , and garments or pat . terns cut for the trade . —Observe the address , as above .
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TO THE EMBARrtASSED . —IMPORTANT . THERE are thousands of persons Who have struggled long against the force of misfortune , but few arc aware that by a very recent Act all small traders owing debts not exceeding £ 200 , farmers , and all others owing to any amount , can be entirely raised from their difficulties fit fl small expense , and without imprisonment or bankruptcy . All such Mr . Weston begs will apply to him at Moira-chambers , 17 , Ironmonger-lane , Chcapside ) 'by letter or personally . Persons summoned for small debts should apply immedifltely , as they may thereby save themselven from frequent and lengthened commitments to prison .
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TEETH , '! MA STICATION and Articulation Improved arid Guaranteed . —Messrs . DAVIS , Surgeon-Dentists , U' 3 , Pall-mall , opposite the Haymarket , and 1 , New Bridge-street , corner of Fleetstreet , continue to supply teeth , guaranteed never to discolour , break , or decay , and fixed without springs or wires , without extracting the old stumps , or giving any pain . A single tooth , 5 s . ; a set , £ 5 . Loose teeth fastened . Scurvy in the gums effectually cured . Stopping decayed teeth . Price 4 s ., Davis's Hern-. astican : all persons can use it themselves , as full directions are enclosed , find can be sent per post .
Ad00412
' i , , , , , , J . < < i l 5 *] « 1 1 l i i 1 < ( ( ! GfitftnSfi TEAS AND COFFEES FOR THE MILLION . The cheapest place in London for Teas and Coffees is at flis Warehouse , 2 * and 20 , Kegent Street , Westminster , near the Yauslmll llridge Road . THE Proprietor , E . WARMINGTON , takes this opportunity to return thanks for the liberal support he has received since he opened the above premises ; and to those who have not yet favoured him with theirpatronage , E . W . most strongly solicits a trial , feeling assured that the articles sold at the warehouse , both in price and quality , will give universal satisfaction . Goods in any quantitysent free to nil parts of London and tlic suburbs ; and persons In the country , by remitting a Post-office order , vrill find their instructions faithfully attended to , LIST OF PRICES . BUKk ^ Teas . e . d . s . d . Common Congou 3 0 to 3 2 Good ordinary , rather strong ............ S 4 \ to 3 G Strong Blackish Leaf 8 8 to 3 10 Ditto , or Pekoe Flavour , recommended to Economists , and not to be equalled at the price ,,..,,. i 0 Souchong , Fine 4 4 . to 4 6 Ihe best Black Tea 4 8 to 5 0 Being recommended from the best shipments . ¦ Green Teas . Twankay 3 6 Better ditto a 8 to 3 10 Hyeoii TwanUny 4 0 to ' 4 4 Fine Young Hyson 4 8 to 5 0 Hyson S 0 to 5 4 Ditto , Fine Flavoured 5 8 to 0 0 Fine Pearl Gunpowder * 8 to 6 0 Mixed Teas . To drinkers of Mixed Teas wo say , try our 4 0 Or our splendid mixture of all Flue Teas 5 0 Coffees . Ordinary Ceylon , „ 1 0 to 1 2 Thc People ' s Coffee 1 4 Old Java 1 « Fine Mocha , Jamaica , or any other fine CoS ' eo , strongly recommended 1 8 N . B . Grocers , Conic-shop Keepers , Co-operative Stores , andall large consumers supplied on themost liberal erms .
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G tREAT BRITAIN MUTUAL LIFE ASSURANCE f SOCIETY , 14 , W ^ teeioo-pi-ice , London . EiUECTons . The Chisholm , Chairman . "WiUiam 3 Iorley , Es < j ., Deputy Chairman . Henry S . Barber ; Esq . James John Kinloch , Esq . John Brightman , Esq . Henry Lawson , Esq . Francis Brodigan , Esq . Henry Penny , Esq . James Win . Deacon , Esq . Robert Power , Esq ., M . D . Alexander R . Irvine , Esq . The Uev . h \ W . Johnson John Iuglis Jei-dein , Esq . Tickery , A . M . AUDITORS . C . E . Rule , Esq . T . C . Simmons , Esq . G . Thomas , Esq . ruvsiciAS . John Clendiuning , M . D ., P . R . S ., 1 C , Wimpole-street . SOLICITOR . Walter Prideaux , Esq ., Goldsmiths * Hall . BANKERS . Union Bank of London . ADVANTAGES OF THIS INSTITUTION . The whole of the Profits divided ASSUAi . tr among the Members , after payment of five Annual Premiums . An ample eunrantecd Capital , in addition to the Fund continually accumulating from Prtmiums / uUy siij / ieJeiit to afford complete security to the Policy-holders . HALF CREDIT RATES OF PREMIUM . The attention of Assurers is particularly directed to thc Half Credit Rates of Premium , by which m ans Assurances may be effected , and loans for short periods secured with the least possible present outlay , and at a less premium than for short terms only , and with the option of paying up the arrears and interest , and the difference between the two rates , thus becoming entitled to participate in the ichole of the profit of tke instittition . EXTRACT FROM THE HALF CREDIT KATES OF PREMIUM . WITHOUT PROFITS . Age 2 fl . Age 25 . Age 30 . Age 40 . A ge 5 t ) . Age 60 . £ s . d . £ s . d . £ s . d . £ s . d £ s ~ £ s . d . 0 17 ( TO 18 911118 2 2 10342 ^ - —— - —— -
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NOTICE TO EMIGRANTS . rrtflE . Undersigned continue Wj « X «« I FirSt- 'Clnss Fnst-Sailmg AMEU . ICAN PAOktlC SHIPS , which average from 1000 to 1500 Tons , for the fol-• nwiinr forts , viz .: — NEW YORK , BOSTO . V , PHILADELPHIA , NEW ORLEANS , BALTIMORE , BRITISH AMERICA , & e . Emi grants in the country ca . - engage passage by letter addressed as underneath ; in wh . 8 n case they need not be in'Liverpool until the day before the Ship is to sail ; and tbev will thereby avoid detention and other expenses , besides teeuring a theaper passage , and having the bust berths allotted to them previous to their arrival . For ^^ ' ^ " ^• ' ^^ IK ^^ TT « 80 ir . North End Prince ' s Dock , Liverpool ,
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TO ALL WHO CAN'T PAY ! IM MEDIATE Protection , and a prompt and safe final discharge , without tho intervention of & Prison or an Attorney . A discharge to Debtors is nowiinpcrative , because Imprisonment for Debt is now penal , not remedial . —Debtors of all grades will be benefitted by applying forthwith to John S . Bensteud , 22 , Basiughall-street , near tlie Court of Hankruptcy , London .
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COLOSSEUM . PATR ONISED and visited l > y her Most Gracious MAJESTY and his Royal Highness Prince ALBERT . OPEN DAILY from Ten till Six . Pronounced by the Press , and confirmed by every visitor to be the most perfect triumph of Art in its various oranches , both by Day and Night , that has ever been achieved . Equal to six exhibitions . The Glyptotheca , containing works of the first artists ; Mont Jihinc and Mountain Torrents , Superb Conservatories , Gothic Aviary , Classic Ruins and Fountains , Panorama of London , re-painted by Mr . Parris , < kc . Admittance , SS . Children , half-price . The Stalactite Caverns , the most magnificent of all the temples which nature has built for herself in the regions of night , Is . extra , EVENING EXHIBITION , Open from Eight till Eleven , consists of an entirely new panorama of London by night , erected in front of tlie day pitttWe , the largest in the world , comprising 40 , 000 square feet , projected and carried out by Mr . W . Rradwell , aud painted by Mr . Danson and Mr . Telbin . The Caverns , ilont Blanc , and Torrent fcy night , the Glyptotheca and refreshment saloon , brilliantly illuminated , forming a promenade perfectly unique . The whole exhibition designed by Mr . Rradwell . Admission at the door 5 s . each . Family tickets to admit four persons , at 4 s . each , to be had at tlie North Lodge , Colosseum , ' from Ten to Six ; and at all the principal Librar ? -1 and JIusicsellers .
Ad00417
MINERS' ALMANACK , FOR 1810 . By Mr . Wiliiam Damellb , In the Press , and shortly will be published , THE MINERS * ALMANACK , for 1646 , containing Twenty-Four Pages , over and above the Advertisement Covers , PRICE ONLY ONE PENNY . Besides the ucual amount of information , this Almanack will contain Tables for calculating Wages , Prices for Hewing Coals , either by the score , yard , or ton ; Market , Weather , Tide , and other Tables ; Accidents in Mines ; Ventilation of Coal Mines J with Tltblcfc thawing the speed of air currents , aud a mass of other useful information . To Advertisers this will be an invaluable medium of communication , the circulation each year , since it was first published , having never been less than 10 , 000 ! Adm'liscmi-ntB will be printed on coloured covers , and sfitchtd to the Almanack ; and in all probability will be read by every Miner in Great Britain . Orders and Advertisements received at the Jftners ' Adeacate Cilice , Side ; Mr . Horn , Music Seller , Greystreet ; Mr . France , Bookseller , No . 8 , Side . -JTewcastleupon-Tyne ; Mr . McColl , Bookseller , South Shields ; Mr . James Williams , Printer and Bookseller , Bridge-street , Sunderland ; and Mr . Cleave , Bookseller , Shoe-lane , Fleet-street , London . N . u . No Advertisements will be received after the aSthofOctobiTi
Ad00418
Just published , Price Twopence , A PAMPHLET , entitled "AN EXPOSITION OF THE INSECURITY OF THE DAVY LAMP , AS RELATING 10 COXL MIKISG , " in which will be found the evidence and experiments of Dr . Murray , Dr . Pereira , Mr . John Roberts , and others , as given before the Parliamentary Committee . To be had at the Ji 7 n « r « ' Advocate Office , Side ; Mr . T . Horn , . Music Seller , Grey-street ; Messrs . P . Fr & uce and Co ., No . 8 , Side , Newcastle ; Mr . II . McColI , Bookseller , South Shields ; Mr . James Williams , Bookseller , Sunderland ; and Mr . Cleave , Shoe-lane , Fleet-street , London .
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JUST PUBLISHED , . In one volume , foolscap Svo ., neat cloth , price 7 s . 6 d ., THE PURGATORY OF SUICIDES : A Prison Rhyme : in T < sn Books : BY THOMAS C 00 PEI 1 , TUB CHART 1 ST . " J . How , Publisher , 13 ' 2 , Fleet-slreet . % E = Orders from the Country to be sent through the Booksellers . MR . COOPER'S NEW WORK . To be Published early in November , in 2 vols ., 12 mo ., Price Fourteen Shillings ,
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WISE SAWS AND MODERN INSTANCES . A series of prose Tales and Sketches , composed in Stafford Gaol : among which are : — Kucky Sarsou thc Barber ; or the Disciple ef Equality . Raven Dick the Poacher ; or " Who scratched- the Bull ?" Tim Swallow-whistle the Tailor ; or "Every dog has his day . " . Master Zerubbabel the Antiquary ; and how he found out the " Noose-laming . " Dorothy PyecrutVs preaching ; or " Charity begins at home . " The Beggared Gentleman , and his crooked stick . , The nurture ofa Young Sailor ; or the history of Cockle Tom . 'The last days of an Old Sailor ; or " Butter your shirt —sing ' tantara-bobus , make shift !" Thc Man that brought his nintpence to nought . The Lad that felt like a lish out of watci The MtnistP . r of Mercy . — " Iterrie Biwlan-J" no more . Signs Of tllC Tillies ; or One Parson and Two Clerks , & C , itC . Published also by Mr . How , Fleet-street , about to remove to 209 , Piccadilly .
Ihe Inokthekn St/Ui Satuhday, October 18, 1845.
IHE iNOKTHEKN ST / Ui SATUHDAY , OCTOBER 18 , 1845 .
The Present Gambling Mama. Its Parallel ...
THE PRESENT GAMBLING MAMA . ITS PARALLEL IN THE TULlPOilANIA OP 1 G 34 . When first'the Northern Star drew attention to the rising mania for " gambling" in Railway shaves , and predicted the direst consequences both to considerable numbers of the parties directly engaged in it , and to the nation at large from the derangement in the money-maikct sure to follow on such , transactions it was set down by many as V > a foolish croaker " who was sounding alarm without cause . But a very fuw months have passed over since then ; and how yeu cannot cast the eye iu any direction , that you do
not see alarming evidence of tho truth and foresight of the Star ' s warnings raid observations . Where is there now a " best possible public instructor" to be found that is not preparing the public for that deranging re-action which we pointed out as a certain consequence of the measures then initiated , even while there was yet time to have prevented them , had there been courage enough in the administration to grapple with the incipient difficulty and nip it in the bud . But now ; now that the mania has been allowed its full growth ; now that it has attained its full strength , and is somewhat on the wane ; now
that ithas spread itscontaminatinginfluencethroughout all society ; now that it has sucked in hundreds of parties , who at the time we spoke , looked upon the gambling practice with horror ; noiu , that it has made certain of all the mischief it can effect , the evervcady and wholly-honest press of England is generally sounding the note o f alarm , and warning the " reckless speculators" of the tremendous consequences that await them . For sjxaking in time , when these evil consequences might have been prevented or guarded against , the Northern Star was
dubbed a " croaker : " for speaking now , when the mischief is done—when the warning can be of no sort of possible earthly use ; for speaking now , when all power of prevention is gone , and when even the possibility of guarding against the awful consequences of the gambling infatuation has departed ; for speaking now , under such consequences , the' press of England is acquiring a character for " wisdom , " f or " foresight , " and for " truthfulness" enough to Wake it , like our whole blessed order of things , — " tke e ; nvy of surrounding nations and the admiration of the
world . " For the last few weeks we have been somewhat silent spectators of the gambling transactions Having repeatedly uttered the warning ; having re-
The Present Gambling Mama. Its Parallel ...
peatedly traced the operation . o , t the mania up to its climax , and shewn the- tremendous consequences sure to follow ; having put our numerous cautions on record , we left the matter without further public notice , to watch the dcvelopemeut of that which we had done our best to crush in the shell , * hut which the " ckbat statesman" now in power dared not to tackle , for fear of upsetting the whole of our " stock " - based system . That developement we have now seen : and we are constrained to confess that lively as the danger appeared in prospective to us , " allengulphing as the mania threatened to be , the reality has far exceeded the most gloomy picture of its extent that the mind was ^ then able to form , At the pre * sent moment we have schemes afloat—companies I
formed—shares taken , and "selling" at a premium , for projects which require for their realization upwards of £ WO , 000 , 000 of money ! There has been "subscribed" by the reckless speculators and gamblers a sum of money to provide facilities for transit , equal to the National Debt of England , which it is notorious there is not money enough in the whole world to liquidate ! Of course the reader will fully understand the meaning of the term "subscribe , " as applied to Railway and other gambling projects . It does not mean that the money has been paid-bub only . 'PROMISED : and he will hardly need to he reminded that in these things there is a vast difference between " i > ro » iMc " . and performance . The Lank of England " promises" to pay all its notes " on demand ; " while it is notorious that it could
not , even now when it has such a stock of bullion in its coffers , meet one half of its engagements were it called on . To expect that the " subscribers" of the £ 700 , 000 , 000 for Railway purposes at home and abroad , could realize in practice half of what they have promised , or even one seventh of it , is to be very innocent of political and economical knoulcdpindeed . Why , if the infatuated drcamings of the least sanguine speculator could be realized , the National Debt would be a flea-bite merely , which we should be silly to care for . If there wag anything like £ 7 tH ' i , 000 , 000 of unemployed capital in the country , ready to
be " subscribed" in less than two or even five years for the formation of Railways , we could pay off the Debt , without difficulty or derangement to any one "interest , " in less than ten years . And yet , is it not as notorious as that the sun shines at mid-day , that to pay the interest ef this said Debt only , lias plunged the nation into dangers and difficulties unheard of before in the history of states ? Is it not notorious that the exaction of £ 60 , 000 , 000 annually for the interest of the Debt , and for the Establishments which that Debt renders necessary , has humbled us , as a people , before the world ; has tied our hands
on our backs , and forced us to- tamely put up with insults and wrong from all the " strong" powers of the earth ? There is France in Algeria , bombarding iMogadore—making war on the Emperor of Mokocco —engaged in a series of conquests which will materially interfere with our " interests : " and yet wc dare not say " muff , " but are compelled to look iHactivelyon the " war of extermination , " "free " only to indulge in the forlorn hope that the barbarous hordes led on by Abd-ee-Kader will be powerful enough to drive the " conquering hosts" of France into the sea . There is Texas—annexed to
our most powerful RIVAL , —the United States : and this , too , in spite of the threats and bluster of Mexico , OTJIt " ally" whom we are bound b y treaty to aid ; and in spite , too , of the threats in England , when annexation was first proposed , that the Yankics should " not be permitted to accomplish their object . " But there Texas is , —ANNEXED The Oregon territory is already occupied ! The Caifornias are set on , and 'the preliminary preparations engaged in for another annexation . Mexico
' itself is in imminent danger of passing into the hands of the "Great Republic ; " and here wc are , tied up —bound hand-and-foot together with the debt , and incapable of doing more than ulier quiet despairing grumblings , against the acts which tarnish our " national glory" and reduse the national power . Should we remain thus passive , had we so many hundreds of millions of unemployed capital in the land , as our Railway promoters have " subscribed ?" Should we let the debt crush us into the
earthhumble our pride—make our bull-frogedness lick the very dust , had wc the means at command that these " men of metal" have made themselves " responsible" (!) for ? Should we present the humiliatingspectacle of a nation in " periodical" ruin ; with manufactures prostrate ; with traders in the Gazette ; with wor ' . ; -people starving ; with every tenth man a pauper ; with gaols abounding ; with crime increasing six times over in fifty years , while the population has not doubled : should we present this spectacle before the world , as a consequence of our bebt , had we the millions amongst us that the Railway
madtblks have put down on paper ? If there had been half at the means in the country these folks have PLEDGED themselves to produce , would Sir EoiiEiii 1 ' eel have proclaimed in the face of day that the limits of taxing the producer ( from wiiou ^ all wealth springs ) had been passed ; and that . it was now impossible to wring the £ 60 , 000 , 0 * 0 a-year out of him ; and that therefore those who had " accumulated" wealth must give up a portion to enable them to retain the rest ? But
why pursue the inquiry further ? The PLEDGES that have been made arc liwC the iWtfi of IliadMCD , madly engaged in : pledges which it is utterly impossible to redeem even to a seventh degree : and pledges of which the non-fulfilment , as well as the fulfilment ( were that possible ) is equally sure tO bring ruin upon hundreds of thousands , and paralyse aU the productive energies of the country . The nation will have dearly to pay for the reckless pranks of those whom the law ought to have- restrained ,
This has over been the case—the result—from all former national manifestations of the gambling propensity . The present is tar from being the first occasion of the sort ; and our governors have therefore no excuse for not having nipped it in the bud , other than that the whole superstructure of State is built on a gambling f oundation ; and that to interfere would be to endanger the entire social fabric . If there had been no experience to appeal to , as to THE EFFECTS which national gambling are certain to produce , the inaction of Sir Robekt Peel would have been more defensible than it is : but with the " light of other days" before his eyes : with history
in his hands ; with his own experience to appeal to , his conduct , in relation to the present rage for gambling , charged as he is with the destinies of this industrious and endeavouring people , id REALLY cniMi . YAL , and affords of no defence other than that ahc-ve set forth . Had he not the experience of 1835 and of 1825 to guide him ? Was he not an actor on the political stage at both periods ? Could he have forgotten the awful consequences on both these occasions , from the gambling manias then set in ? Was it possible f or the years of gloomy depression , with their SWING FIRES—their riots —their cmwtcs—their insolvencies—their "
ruination "—their " calling on God to put an end to unendurable sufferings before morning : " was it possible for Sir Robert Peel to have forgotten all these things 1 Had he not the history of the South Sea bubble within his reach ? Could he have lacked inf ormation , as to whot has been the consequence of former " manias" to obtain fortunes without productive industry , had he taken'trouble to seek for it ? And with such information in his hands , was he not a pusillanimous minister not to try to save his country from the dire inflictions certain to be entailed , if the incipient mania were allowed to develop © itself ? The plea that he dare not do so , for fear of " upsetting the whole apple-cart" of Government , is a splendid testimony as to its stability , and of the rightaous foundation on which it is grounded !
The " full infliction , " however , we are doomed to bear . Full play has been accorded to the gambling bubble speculations of the day ; and the full tale of '' consequences" we m ust endure . What those will really be , —how heavy and how devastating , —time alone ? can reveal . But some idea may be formed from looJitJip : oaefc at what has been the result from similar causes less extensivel y applied .
The Present Gambling Mama. Its Parallel ...
The mania for gambling seams to have m ^ T developcraents in different portions of tho l r . world . ¦ la England we have had a pretty ftl ) 1 J £ of it , at the times and occasions enumerated aW and also in our lomniw , which wcro evontJli * suppressed by law out of a pretended regard to tl * national character of our people . America . , * had her share : and her share of CONSEQUKNCEs too , both in depreciation of property , and i , fd cDre ciation of national character . REPUDIATION the natwralofspring of gaming . To talk of " honour ' ' in relation to a gamester , is to confound truth wit ] . falsehoodLi
. ght is not more opposed to datlme * than is all gaming to honour and rectitude . Tlic very f oundation o f gaming is rotten - disuosust Gaining is the chance of obtaining , or losing that for which no equivalent is or can tc given . This is in its very nature nefarious-dishonest . So universally is , this known and felt to be the case , even hv tl emost infatuated of gamblers , that they will not pan With their losings , if all chance of gaining tkm haft again has passed ami .- ! Let the game be but run out—and all chance of winning gone ; and ycurvc riest gambler will REPUDIATE J And why should he not ? The very principle that justifies his ; vc « Ilt . ance of the " birthri ght of llis brother , " without even
giving ' a mess of pottage" in exchange , will justify his refusal to bo stripped of all he possesses , without any equivalent from the stripper . Nay , in relation to "honour , " and "honesty , " and " morality , " t | , refusal is by far more honourable than the acquitscence . It is true that such a course is a direct infringement of the " laws of gaming ; " and proves ( lie man a scoundrel who resorts to it , after lie has s-nb
scribed to these laws-and , by his acceptance of " winnings , " pledged himself to abide b y thent : but of this the gamester is not entitled to comrij-pn Before a hiku can engage in gaming transactions at all , lie 'Mmt be tcovndreUzcd in nature : and if a scourdrcl acts as a scoundrel is expected to act , and as his nature prompts him . it is not for other scoundrels to taunt him and reprove—but it is iW honest men to try to mend the whole batch .
Perhaps the most interesting as well as the most instructive lesson as to the tonne of national gam . ing , and its demoralising consequences , is given by Beckaiak . v , in his history . of the Tulipomania of the seventeenth century . Many people of the present day are not aware that the mania for gambling fixed itself at that period on the harmless Tuli p with equally as great avidity as it has now fixed itself on Railway schemes , or as it did in the beginning of tie eighteenth century on the South Sea bubble .- But such is the fact : and in the history of that period we may trace our present course—and anticipate some of the consequences sure to flow out of the present enormous developement of the CViJ ,
" The Tulip , " says Beckman . v , which is of no farther use than to ornament gardens ; which is exceeded in beauty by many other plant . * , and whose duration is short and very precarious , became , in the middle of the seventeenth century , the object of a trade such as is not to be met with in the history of commerce , and by which its price rose above that of the most precious metals . This trade was not carried on throughout all Europe , but in some cities of the Netherlands ; particularly Amsterdam , Haarlem , Utrecht , Alkmar , Lcydcn , Rotterdam . Enkhuyscn , and Mcedenblick ; and rose to the greatest height iu the years 1 C 31-5-6 and 7 . For a root of the species called " viceroy , " the after-mentioned articles , valued as below expressed , were agreed to be delivered : —
« tr i i a . i Florins " TWO lasts of wheat , „ , „ <> t 445 "Four do . rye ... . " 5 , ^ " Four fat oxen 4 $ 0 " Eight fat swine ... ... 240 "Tlelve fat sheep ... ... „ . ... ]' 2 Q "Two hogsheads of wine ft > " Four tons of beer ... ... ... 32 " Two do . butter ] 92 " One thousand lbs . of cheese 120 " A . complete bed }|) f ) " A snitofelothts ... „ go " A silver beaker ... CO
" Total for one Tulip ... 2 , 5001 " " Tulips were afterwards sold according- to the weight of the roots . Four hundred perils —( a weight less than a grain)—of the tulip 'Admiral Liefken , ' COSt 4 , 400 florins . The species Semper Augustus , often sold lor 2000 florins ; and it once happened that there were only two roots of it to be had , the one at Amsterdam , the other at Haarlem . For a root of this species one agreed to give 4 , 600 florins , together with a new carriage , two gYfty horses , and a complete harness . Another agreed to give twelve acres of
land for a root . Those who had not ready money , promised their moveable and immoveable goods , house and lands , cattle and clothes . The trade , nt wmcii 00 , 000 ri . om . vs were sometimes cleared is one month , was followed not only by mercantile people , U ' . t also by the first noblemen , citizens of every description , mechanics , seamen , farmers , turf-diggers , chimneysweeps , footmen , maidservants , and old clothes women . AT FIRST EVERY ONE WON , AND NO ONE LOST . Some of the poorest people gained in a few months houses , coaches and horses , and figured away like the first characters in the land . In everv town
some tavern was selected , which served as a 'Change , where high and low traded in flowers , ami confirmed their bargains with the most sumptuous entertainments . They formed laws for themselves , and had notaries and clerks . " fllC object of these speculations , however , had nothing t 0 ( to Witll tllC desiro to possess , or cultivate the plant ; IT was A MERE gami . vg ron mo . nuy , and totally unconnected with the feelings which prompted the first purchasers . It was a theme which drove the grave , the prudent , the ponderous Dutchman as wild as ever did the South Sea bubble his more excitable
and less calculating brother , John Bull . " A speculator , " continues our authority , " often offered and paid large sums for a root which he never rcceivcd . and never wished to receive . Another sold roots which he never possessed or delivered . Oft did a nobleman purchase of a chimney-sweep tulips to the amount of 2 , 000 florins , and sold them at the same lime to a farmer ; and neither the nobleman , chimney-sweep nor farmer , had roots in their possession , or wished to
possess them . Before the tulip season was over , more roots were sold and purchased , bespoke anil promised to be delivered , than in all probability were to be found in the gardens of Holland ; and when ' Semper Augustus' was not to be had , which happened twice , no species was oftcner purchased and sold . In the space of three years , more than 10 , 000 , 000 florins were expended in this trade in only one town in Holland . "
To understand , this gambling traffic it may be necessary to give the following illustration . A . nobleman bespoke of a merchant a tulip-root , to be delivered in six months , at the price of 1 , 000 florins-Suppose that at the end of that time , the price had risen to 1 , 500 florins ; in that case the nobleman did not wish to have the tulip—but the merchant paid him 500 florins . If the price was fallen , so that a root could be purchased for 800 florins , the nobleman paid to the merchant 200 florins . In all those circumstance , however , no one ever thought of deliver ing the roots ( or of receiving them . In proportion as more gained by this traffic , morr engaged is « : ailiJ
those who had money to pay to one 80011 had lll » nC ) ' t ° rc ceive of another ; as at faro—one loses on one card , and wins on another . The whole trade was a game at hazard , as the Mississippi trade was afterwards , and as Stock-jobbing is at present . High and low-priced * tulips were procured , that the rich and poor might gamble with them . Whoever is surprised that such a traffic should become general needs only to reflect Upon what is done where lotteries are established , ty ivhich trades are often neglected and even abandoned , because a speedier move of getting fortunes is pointed out . In short the tulip-trade may very well serve to explain stock-jobbing .
At length , however , THIS TRADE FELL OF A SUDDEN . Among such a number of contracts , man * webe broken . MANY HAD ENGAGED TO PAT MORE THAN THET WERE ABLE . The whole stock of the adventurers wa * consumed
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Citation
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Northern Star (1837-1852), Oct. 18, 1845, page 4, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ns/issues/ns2_18101845/page/4/
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