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Freej unfet ^ith*it *ndi-ciple for which...
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On Saturday, January 19U1, rnU be Published, in Weekly Numbers, p rice Id., and Monthly Farts, price Cd, Ko. —I. «f
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CO ( &0Mi*VM %},tn l 9
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Mr Win^ Lelcesttr.^ to ^. : WnVPM'Holvn-...
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OPENING OF PARLIAMENT. 'A PUBLIC MEETING...
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•"NOTIGE TO AGENTS."-'^ .' It is well'"k...
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TO THE MEMBERS OF THE LAND COMPANY. Any ...
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Mr. W. P. "Roberts intends to be at Newc...
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TH| JARTHEEHllii SATUISDAY, JArS'5JABi*t 3G, IHSi).
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THE MORALITY OF PROFITMONGERS. ' ; ' ,,....
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;*+*"**s*s*'**+***a^^p—*"**~****ww** ; ;...
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MORE SAVINGS . BANK DEFALCATIONS. , , Ou...
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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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.
Freej Unfet ^Ith*It *Ndi-Ciple For Which...
* ± . X J * - * ' "" _"" _^¦ _J I- I .-.-..-. - _... _^ . . _— ,. wl . . _T _^> _.- _*' 7 _^ _-----i---- _~ _-t- _* _--- _* _- _* _t-- _» Mr _« _M _* M _* _MMMM * _M * _M _*^^ . ¦¦ _¦ ¦ - * -.. .-....- . *• . __ I .
On Saturday, January 19u1, Rnu Be Published, In Weekly Numbers, P Rice Id., And Monthly Farts, Price Cd, Ko. —I. «F
On Saturday , January 19 _U 1 , _rnU be Published , in Weekly Numbers , p rice Id ., and Monthly Farts , price Cd , Ko . —I . « f
Ad00411
THE COMIC FAMILY HERALD , An Ulustrated , orig _? nal facetious publication , with first-rate engravings by firstrate artists , and the funniest contributions by the funniest _fellows—intended as a witty companion , and humourous assistant , tb the four most popular weekly periodicals—The Family Herald , the London Journal , and Reynolds ' s and Lloyd ' s Miscellanies . : > mon * » otherfeatnrcsof comic attraction , in Uo . 1 _iriU appear the first of a series of extracts from Mrs . Pipp ' s Diary . Office , 1 , Piclcett-place , Strand : G . Berger _, G . Tickers , W . and B . Winn , _HoliTvel ' -street , Clark , Warwick-lane , and Strange , Paternoster-row .
Ad00412
IHE CHEAPEST OmoS EVm _rOBJUSBJ-o . Pricels . ed ., A . new aad _elegaat edition , Wjfh Steel Plate or the _Author _. cf - , _PAIHE'S _POilTIGAL WORKS . Now Ready , a New Edition of W . _Q-QQflHOR-S _WiRKOM SMALL FARMS " _^ ld " _ffrJ . _"ff- _*^ o * iQucen ' 3 Head Passage , Paternoster row , London ; A . Heywood , Oldhain-slfeet , JJanchester , aad Love and Co ., 5 , Nelson-street , Glasgow . And' t >\ aU Booksellers in Town and Country . :
Ad00413
LAND AKD COTTAGES . ( The property of a private gentleman . ) EIGHTY ACEES , FIVE MILES FROM London , may bow be had at the rate of £ i per acre ; and Four-Acres at Chalfont , St GHe 3 , nearO'Connorrille , at £ 2 per acre : Cottages may also be had at from £ 1 to _^ 4 per qua rter . _ _"SopreMnmi-cqiiiredi DUtflie first twelve months" rent must be either paid in advance ( for which a discount will . be allowed ) , or be deposited in responsible bands , to he paid quarterly , with the most rigorous punctuality during ihe first year . - . - -Apply personally for bv letters _endosJug stomps ) , to T . II . T . B . Browne , _MetropolitanAraildings _, Al _*»>* t-streetj Smcer-street , _Brick-lane , Spitalfields , London .
Ad00414
A BOON TO THE AFFLICTED !! "RUPTURES EFFECTUALLY AND _TERMA"RETSTLT CURED WITHOUT A TRUSS ' . * . EYERY SUFFERER FROM RUPTURE ( Single or Double , and of every -variety ) is earnestly invited to write , or pay Dr . BARKER a _visits as in every case he guarantees them a perfect , core . ' During an extensive practice Ms remedy Taas "been entirel y successful , as the hundreds of testimonials he lias received from patients , and many eminent members of the medical profession , amply prove . It is applicable to Ixrth sexes ,, old and young ; easy and painless in use , and most certain in effect The remedy is sent post free on receipt of 6 s . by postoffice order , ' or cash , by Dr . ALFKED BARKElt . 108 , Great Russell-street , Bloomsbury-square , ' London , where he may be consulted daily from 10 till 1 , mornings ; 4 till S evenings ( Sundays excepted . ) Post-Office orders must be made payahle at the _Bloorasbory Post-office . trusses have been left "
Ad00415
CHALLENGE FOR £ 100 . HKST , THAT DR . JAMES GREER , P . H . S ., ( ofthe Scottish Hygeian Institution ) , 11 , _EUTCUESO * - _SlTiEET , AXD 102 , . Sooxa _PoETLAXD _Sibeet , Glasgow , Eas been the most _successful Medical and Snrcical Practitioner in Christendom , since 1 S 14 ; and has lectured more on the rights of man—namely , on Theological , Physiological , Political , Legal , Social , Moral , and Temperance "Rvffirai , than any other SI . P . in Britain : also , that he understands the laws and means , which govern man ' s on-anisation to effect good health , aud long life , better than any professor ofauv cJlegc in the world . Second . _—Thathis genuine , improved , Hygeian Vegetable Universal Jlediciue ( Pills ) , are the best , safest , and cheapest , for preserving health , and coring' ererj- disease , _ofold and young , on sea and land ; also , that the needy lave received from him , more gratuitous medicine , attendance , and cures , than they have fro * - * , all the M . D . ' sin Glasgow . .
Ad00416
PACTS Ef THE BACK , GRAVEL , LUMBAGO , RHEUMATISM , STRICTURES , DEBILITY , & c . DR . DE BOOS' COMPOUND . _RENAL PILLS are the oxtT cebtaw cube for the above _distressing complaints , as also all diseases of the _kidiieva and ¦ ur inary organs generally , _whether resulting from Impnvdence or otherwise , which , if neglected , sofre _< iuently end in Stone in the Madder , and a lingering , agonising death ! . t is an established fact tliat most cases of gout and Rheumatism occurring in middle a _^ e , are combined with _diseased urine ,, how necessary is it then , that pirsons so afflictetl _sTio-ald at once attend to tliese importnnt matters . By the salutary action of these pills , on acidity of the stomach , _fhey correct oiie and indigestion , purify and promote the Tenal secretions , thereby preventing the formation of calculi , and establishing for life a healthy performance of the functions of all these oigans . They have never heen ino _** m to fail , and may be obtained through all _lledione Vendors . Price Is . l _| d „ 2 s . 9 d .. and 4 s . 6 d . per box ., or willbe sent free , mth full instructions for use , on receipt oi the price in postage stamps , hy Dr . DE ROOS . A considerable saving effected by purchasing the larger ¦ boxes .
Ad00417
Till MAY BE CURED YET . HOLLO WAT'S _OINTMENT . Cure of Rheumatism and _Eheumatic Gout . "Extract of a Letter from Mr . Thomas Brunton , Landlord of the Waterloo Tavern , Coatham , Yorkshire , late of the Life Guards , dated Stjptember 23 th , ISiS . Sib , —For a long time Iwas a martyr to Rheumatism and Rheumatic Gout , and for ten weeks previous to using conr medicines I was so bad as notto be able to walk . I had tried doctoring and medicines of every kind , hut all to no avail , indeed I daily got worse , aud felt that I must shortly die . From seeing your remedies advertised in the j « x * r I taJse in , I thought I would give them a trial . I did go . I robbed tiie ointment in as directed , and kept cah"bage leaves to the forts thickly spread with it , and took the Pills night and morning , in three _weeksl was enabled ¦ to walk about for an hour or tiro in the day with a stick , and in seven weeks I conld go anywhere without one . I aro
Ad00418
ST THE -FEBRUARY-NUMBER-OF THE "DEMOCRATIC REVIEW " , WILL CONTAIN _ORIGINAL AND VERY IMPORTANT LETTERS FROM FRANCE AND GERMANr . Will be ready for publicationonMonday next'' . . ' ' No . IX . _' oir _..- •• THE DEMOCEATIC REVIEW - *¦ Of BRITISH and FOREIGN POLITICS , HISTORY and UTEBATOBE . Edited by 6 . JULIAN HARNEY .
Ad00419
MR , G . W . M . REYNOLDS'S PUBLICATIONS . AH the following works are published every Saturday morning , at Mr . Reynolds ' s establishment in London , and may be obtained ot every cheap ' periodical Vendor in town and country : —
Ad00420
O'CONNORVILLE . TO BE LET , ON LEASE , THE . TWOACRE ALLOTMENT now " occupied . by Thomas Martin Wheeler , -with crops , ic . ; the ground is of superior quality ; the outbuildings are good and' convenient ; the crops are promising , and the whole property vastly improved . . _,.- ., For particulars , apply to T . H . Wheeler , O'Connorville , near Rickmonsworth . Also , a first-rate FOUR-ACRE ALLOTMENT to he aisposedof . All applications . must contain a postage stamj > for reply .
Ad00421
• / NOTICE . A WEST RIDING DELEGATE MEETING will be holden in the Democratic School-Room , Croft-street , Bradford , on' Sunday , February 3 rd , for the purpose of taking into consideration the propriety of establishing a West Riding Co-operative Manufactory ; and malting ; out the quarterly plan for the lecturers of the said Riding , and paying in a penny per member le */ y _, to meet the expenses ofthe RidiDg . ' . The following places are requested to ¦ send delegates : —Leeds , Bradford , Birstal , Halifax , Huddersfield , Honley , _Holmfirth , Wilsden , Keighley , Bingley , Littletown , Dewsbary . Ileelcmondwicke , and every other tomi in the Ridinjj , _BH 5 _iue 53 to commence at ten o ' clock la tlie morning . ¦¦' _-. - ¦ By order of _Tiiojias "Wilcock , West Riding Secretary .
Ad00422
RUPTURES EFFECTUALLY AND PERMANENTLY CURED WITHOUT A TRUSS !! T ~* lR . DE ROOS' amazing success AJ in the treatment of every variety of BUPTURE 18 j _^ je proof of the unfailing efficacy of Ids remedy . Thousands in all parts of the -world are availing themselves of his discovery , _w' _-ich must ere long entirely banish a complaint hitherto so prevalent . All persons so afflicted should , without delay , write , or pay a-visit to Dr . BE ROOS , who may he consulted daily from 10 till 1 ; and 4 tiU 8 .- _^{ Sundays excepted . ) . . This remedy is perfectly , painless , free from iueonvenience or danger , applicable to male and female , of any age , and will he sent free , with full instructions , d _* c ., & c „ rendering failure impossible , " on-receipt of 6 s . " Gd . in cash , or by Post Office orders , payable at the Holborn office , " ; A great number of Trusses have been left behind by persons cured , as trophies of tbe immense success of this remedy , which willbe readily given to any . one requiring them after one trial of it Letters of inquiry should ' contain two postage stamps _, in erery case a cure is guaranteed , AddreBs ,: Dr . Walter De Roos , 1 , Ely-place , Holbornhill , London ,
Ad00423
_; A Caijfobwah Vkntoeb . —A Liverpool merchant , who purchased £ 5 , 000 worth of American : _floiuy at 22 s . jer barrel , » nfc ' ; the _£ _-wifik * ; b n * rt <> _Californiai from tiiis port ; wnere- it " prored- an > excellent _jenture . Tue" barrels sold at 86 s . each , and ho cleared £ 10 , 000 by the tnai 8 actwn . .: ; _, . _., : . ;
Co ( &0mi*Vm %},Tn L 9
CO _& 0 Mi * _VM % } , tn _l 9
Mr Win^ Lelcesttr.^ To ^. : Wnvpm'holvn-...
Mr _Win _^ _Lelcesttr . _^ to _^ . : WnVPM ' _Holvn-ell-street _, Strona . - _;•; ¦ - _¦¦¦ - ; , _^ ' _Z _aj' _^ rr . _^ Eochdale .-I have not heard anything _^ _S _^ _S _jl * , I « s h Hplb » n , 0 n . the 8 tta _CcSr _^ AT _^ CoBDwAniEBs or IbNnoN . ' -Tbe sbm _^ _cknojv-^ deed in last week ' s Star , as received by Mr . Clark for the Wives and Families of the Victims , war-stated to be . 5 s instead of fls . ' . ld . . Our friends wish it ,. arid the is . _^¦ acknowledged this _week'in the proper place ; to be announced tlms : — "For the Wives-and . Families of the " Tictims of one ofthe most cruel and tyrannical governments that ever disgraced this or any _otheivcouritrycommonly called - ChartistVictims . ' The sum of 5 s . Id . ¦ ¦ i being the surplus ' of forfeit monies , nnd interest ofthe City of London Co-operative , Cordwainers . " . _,.: ; ;; Ipswich . —Mr . J . Cook begs tb acknowledge the receipt of the following sums sent herewith : —Mr . _VS . 6 . Francis ,. ( Ipswich / Delegate ) , 2 s . Cd .: Mr . John Cookj Is . Cd _., Mrs . '
J . Cook , 6 _d . ; Mr . E . Elliston , 6 a . -Mr-Coe , Is . _; Mr . I . Handcoek , Is . ; Mr . T . _Fulclier , ' Gd . ; Mr . W . _HaiTold _, _6 d . ; Mr . J . Oxford , Is . ; Mr . "W . Onions , Is . - ' " .. NoTriNonAM . —J . Sweet _Acknowledges , ; the receipt of the following sums sent herewith , viz _;^ -For , Macnamaea ' s Action :-Mr . Mellors , 3 d . ; Mi * . S . Hudson , 3 d . ; Mr . Bur , gin , 6 _d . ; A Friend , 'Ga . —Fob Victim Foed . —A Friend , 6 d . _T ; Mr ; Chipindale , 6 d . . '¦ ¦¦ ¦'¦ ¦ ~ _yi _-JX ' 7 V'' 7 Abebdeek . —We have received a letter from , Mr . Lyon , in ( reply to Mr . ' Wright , in which lie states that lie did call a ' meeting , but not the one at which the' resolution was passed , of which Mr . Wright complains , but one held a fortnight _preraus , and which was _adjournsd in , ; order to hew the report of Conf . venee , _, pn rending _wliiclii . thercsplutibh was passed : Mr . Lyon asserts that ' there were ' more than four or fivo _persons present , ' aiid that more would have attended had the . weather not ; been ] so very stormy . That Mr . Wright knew of . the meeting ; and , that Mr . J . Garden proposed , and he ( Mr . L ' ydri j supported ' the resolution . [ We do not think tliat any good will re suit hy continuing this discussion , and must decline pub- ' lishing any further communication , on the r . subject .
Ed . N . S . I ''' - " " ' . '" ¦ ' = _- ; _Erha-tom . —Tlie 5 s . from Bermondsey for the'Victims , - 'and . Dr . . M'Bouall , in the Star of last week , _shouldjhave : been J . Pearcty instead of J . Warren .., •¦' _,.: _..,,,. < " The . Chaetist Victims , Itotherham : —We aro informed that Mr . Joseph Turner , a poor labourer of this tows / has made a lady ' s mahogany reel , inlaid with several devices of a splendid character in , ivory , ivhich . reflects'great credit on his ability , ' and wliich he has lately disposed of for the benefit ofthe Victims " . Tlie pfbceeds _' of the sale i ; amounted to 12 s . 2 d . ¦ ; _. ; : ; ,. ' / '¦ , " _- _" _y : Tub _Minebs of Poynton and _Neighbodbhood . —Mr . John Brammnllhas sent U 3 an address calling upon the ' miners of Poynton to support the Miners' Union ; and' piy their contributions . He states . ' . that ' through being-united many colliers are receiving from 2 s , to 3 s . per week , and he condemns the _selfishness ' of those who refuse , or iinc _* - lect _, to share the expenses of Ihe union . ' ' Mr . J . Cook , Ipswich . —Next week . ' : ; _. " : '• ¦' .. _Geasoow . —Our Hungarian friend ' s letter has been received . . He shall have an answer in the course of a few days ,.. In the meantime inquiries have been addressed to the - friends at Alva . X '¦ ' '< :, ¦ ¦ ' ¦¦ . _' : ¦¦¦
Opening Of Parliament. 'A Public Meeting...
OPENING OF PARLIAMENT . 'A PUBLIC MEETING convened by the' Provisional Committeo of the Nationali _. Charter _^ _Association ,: will be held in the NATIONAL HALL , HIGH HOLBORN , on Thursday , evening next , January 31 st , at Seven for . Eight o ' clock . ; , for the purpose of reviewing TnE QUEEN'S"SPEECH . MEN OP LONDON ; . RALLY FOR THE "„;; . .,, ; . charter ! / ' :., _.,, :: 7
•"Notige To Agents."-'^ .' It Is Well'"K...
• _"NOTIGE TO AGENTS . " - ' _^ . ' It is well ' "known to bur Agents that our terms' are _n full _Settlement of their " accounts ' at the . end of every three months . _^ _Wehayerep ' eatedly feiriinded them , of . thw "' ;| " yet | jlittle regard is paid thereto . Tlie excuse ' ,. _# f niany , ; that they give longer credit , to ' subscribers ; and they ; find _, a difficulty , iii collecting tho nibuey : , is , no fault of ours ; we therefore : explicitl y inform all those who thus defer payment , that after this date , r we shall suspend all _^ further supply ; of the papeiv utiles we receive remittances irifull . ; '• ¦ - *; , ; ..
Those who' _ai-e in arrears ,-and to ; -whom we havo already discontinued" sending { the papers , must expect hearing from bur Solicitor . 'i ; We wish to afford every reasonable indulgence , but we cannot pay for ' papeiy stamps , ; printing ! & c . & c , unless attention be ' given to bur terms both by _Agentsand Subscribers .. It is unpleasant to us thus repeatedly to remind Agents , of their , negligence . We , trust that punctuality on their part will , obviate the necessity of a repetition of such notices . .
To The Members Of The Land Company. Any ...
TO THE MEMBERS OF THE LAND COMPANY . Any friend in the Metropolis having a copy of the Eirst published Rules of the Chartist Land Society , would confer a fayour by a loan of the same to William Rider , 16 , Great Windmill Street , _Kaymarket . Three , or four copies would be gladly purchased .
Mr. W. P. "Roberts Intends To Be At Newc...
Mr . W . P . "Roberts intends to be at Newcastle-on-Tyne , on Sunday and Monday , the 27 th and 28 th of January . On those days he will he at the Cock Public House , Side , and will be happy to see any one who may wishto communicate ; Avith him . . ' .
Th| Jartheehllii Satuisday, Jars'5jabi*T 3g, Ihsi).
TH | _JARTHEEHllii SATUISDAY , _JArS' 5 JABi _* t 3 G , _IHSi ) .
The Morality Of Profitmongers. ' ; ' ,,....
THE MORALITY OF PROFITMONGERS . ' ; _' _,,. _' 0 ught those who lend money , to take into consideration the purposes it is to be used for ; or merely satisfy . themselves as , to the rate of intei'est and the security ? ; Such is , in effect , the question at issue between Mr . Cobden and the - Peace Society on the one side , and : the Times and the moneymongers on the other .
According to thelatter , morality has nothing more to do with money-dealing than ' with any other branch of commerce , in which it is well known _^ _faiat to buy in the cheapest arid sellin the dearest market , is the ' governirig principle . Practically , in many cases , ; this celebrated maxim resolves itself into downright robbery , and the grossest injustice and oppression . It is essentially immoral . \ The only , moral and just foundation on which commerce can be based , is to give equal value for equal . value , as measured by the : lahour bestowed upon the commodities respectively exchanged .: ; The
adoption of the ; pppositO ; princi ple has demoralised . commerce to : its very core ; It is systematised . fraud- _^ organised swindling upon a large scale . In order to conduct commercial transactions with , any chance of success / a man must forget all the moral precepts instilled into his mind in boyhood—all the instinctive truthfulness and frankness which is constitutional in youth . . Falsehood , trick , deception , and equivoque are all" " fair in trade . "' . Your ' " clever man of business , " means that , inhis particular occupation , he is undisturbed . i > y any consciousness Qf abstract right and wrong .
His sole business—his ' ' . whole duty of man " —commercially speaking , ia to make as large a profit as he can . So , long as he doe ' s not v . " _* y glaringly violate the recognised _convent tibnal mercantile cbde in doing this , he IS an ' " honourable man . " '' But he may be-so in * ' City" parlance , while he has in spirit broken every article of the Decalogue . This is the certain and the inevitable demoralising effect of our present commercial ; system , It cff 5 atC 8 an artificial conscience , and conventional code of morals , opposed to the genuine conscience of . each individual , ' and the collective moral interests of mankind : Under the influence of this perra'fced moral , feeling , meii puibvil ' for gpbd ,, and call black , white . ; They . are , in their
own professions rand- . particular ' Vocation , afflicted ; with moral 3 trabismus ; they areunableto look straightforward , Tor to ' see- objects in their real propbrtibhsi ' and relative , DeaHhgsi As _individuals 'they , may be , , by constitution and habit , possessed of many excellent natural and acquired qualities- _^ kind husbands ; fathers and = relatives ;; warm frieuSs , and _^ generous supporters of public charities , " or measures intended to promote . the public good . ' _, Nay , they may . even have a very clear perception of the wrong and the injustice which the practical application of the essential principle oiP commerce produces , in cases outside of their own walk ; while they are totally unconscious that their own dealings are ' regulated and controlled by , the self-same
principle->; Mr . _ConDEH \ "and ; Ws friends "do ' not ; look upon'commerce in _ttiis light ; Ori _' ihe contrary , they _^ egaid . _^ itVas . thegreat _agefitofl expancling _civilisalaon- _^ _tlie- prime " element : ! of social progress , _aou tu 9 motive-power of all indus-
The Morality Of Profitmongers. ' ; ' ,,....
trial aiid natur _^ iimprpveme _^ _Freej unfettered , . unlimited competi _^ ( the ; very hi g hest stage of sbcietariari jperfectibn . " They hold the . doctrine propounded , by . the Political Economists—that when every man is doing the best he can-for himself , he . is- necessarily engaged in doing the best he lean' for society also . That doctrine—like many others propounded by the'same _school—is _> a _shallow sophism . The merest touch ofsound argument refutes it . The eyeryrday _, experience of mankind demonstrates its practical falsehood . But it has'that showy - _'¦ s pecibus ' aspect of truthful _^ '
, uess which characterises , most of the generalisms emanating frbm ; the same quarter , -md vvhich have so successfully deluded , . those who assume the task of . regulating national affairs ; The opposition of _Ahese parties to Austrian and to Russian-Loans , proves the ; hollowness arid defectiveness of their' _ecbhbinicar philosophy . '"¦] If individual actibri , and unregulated competition ,. in _. tha . buyirig . and selling of al ) commodities , be , in . very deed , the true gospel oh this important subject ,- wh y do they interfere with the ' money dealei _* , who merely wriesthe commodity in wliich he . 'dealsto the best
market ? The Times ,. we _^ confess , ; _has Mr . Cobden and his party on the horns of a dilemma frorii which , -with their views , they- cannot escape . It asserts—and in / a iriercantile' sense , trulytliat * ' money is as _miicli a marketable / article as muskets , or calicOj ° V _'hwadcioths ; _'l and it asks ,-. f f Why the money ; merchant should not take five per cent , when he can get it , in one market , instead of two and a half per cent ., ' oi * three , in another ? What is there worse irii the ., _i Lombardrstreet capitalist's . lending Austria or Russia nine or ten . millions of
money to put down constitutional freedom in Hungary , than-in the manufacturers' of Birmiugbam sending muskets and . _swards to arm the Manchester and Yorkshire manufacturers— - calicoes , and woollens _. to : ciothe-rthe soldiers engaged in doing so ? .-j Are - not -the one- as clearly accessory—as decidedly aiders and abettors of the oppression—the tyranny , bloodshed , and misery , as the . other ? If you in : terfere with one , on any * : presumed ground of public utility ,, where will you stop ? How is the line to be drawn , andby whom ?" and
We repeat _^ these arguments . queries are perfectly ;' valid , / as ; addressed to the advocates of our present commercial system of unlimited competition _^ * on the principle , that all commodities must be spld in the dearest market , and bought'in the cheapest , / unier the general regulating influence of tlie law of supply arid ' deriiand . They place" Mr . Cobden and his friends iri a difficulty from which they do not extricate themselves successfully , because thoy dare' not , unreservedl y ; arid fully , adopt the only ;/ principleupon _whiclipppPsitiori tp such loans can . be maintained ., Theyatteinpt _toci-eep out'Vof , ; the ¦ . difficulty _^ by saying , that money is la / different commodity . from other
commodities ; and that , if thedealers in . it do no !; ' lend it to despotic and brutal Governments , they will not be ! able to buy muskets and swordsj _. clothing and , provisions , / for , _tthe armies employed to do theiri butchery ; That is true , but it does not meet the commercial argument . It shifts the question on ; to the moral ground ; butbnly does' soby _/ iinplicaticin . " _, It / begs the ; very point at issue .. Ought the money- dealer , as a money dealer ; to know or care anything whatever about the purposes to which his money is to be applied ? As a mere merchant in money , and . acting upon commercial principles , are not the amount of interest offered , and the security for its paymentjall he has to consider hi the matter ?
No , no ; in dealing with this very important question , it . is necessary to meet it frankly and fairly , and that cannot ho done without first giving up the . principle which the Times says it has learned atthe feet ofthe Gamaliel of Free Trade . It must at the very outset be laid down as a cardinal , position , that mere ' money ' profit ' must in all cases be subordinate to the moral and social well-being of the community . ' . ' . Otherwise , indeed , we _Jtiaye a world without a soul of goodness , or a conscience in it , Nations , no longer held together by the conviction of a supreme moral law , will become a mere aggregation of selfish and
hostile atoms , in whicn present profit and good cash payment , iiTespective of general consequences would be the sole rule . Already we have too much of this—irien holding high positions in society , who go to church duly , arid consider themselves very good . Christians , hardened and perverted by the demoniacal logic of the markets and exchange , ' see > no harm whatever in supplying the means for perpetrating the most wicked outrages against the laws of God and man . It needs but an Imperial hand stretched put for thoir money , with a promise of five percent ., to induce them to place in it the means of paying the perpetrators of the bloodiest butcheries—the actors in the
most infamous of treasons . Professing to be proud ofthe liberties which our own ancestors have won and bequeathed to us , they are ready to supply two Royal tyrants with money for the special purpose of maintaining the deadliest arid cruellest of despotism ? What is Hungary to . ' them '' or they to Hungary , that they should feel for her ? Are not the law and the Gospel—duty to God and loyo to manall comprised in five percent ? ; _'¦/ .
/ But Mr . _'Cobdeic arid the Peace Society do not unreservedly take the hig h , ground to which we have alluded . They glance at it , and they appeal to thei passions ; but they leave the judgment unsatisfied , so far as the abstract question is concerned . While ' we say this , however , we are ready to admit that we believe they are preparing the way for the recognition of higher moral principles in- the government of the world .- '•'
For the second time , ' the justice and policy of lending British money to foreign despots , for the direct and , special purpose of enabling them to crush their subjects into the lowest depths of political and mental slavery , ' has been publicly arraigned in the very heart of the world ' s metropolis . . _^ -.. 'In the first instance , the denuriciatipri of the iniquity succeeded to a great extenti The Austrian Loan was withdrawn from this country—the small capitalists , who ultimately invest on such securities , / g btfrightened _^ -and . would not touch it . , „ . Mr ., 0 obden ' assorts tliat , for once the great loan contractors have been bitten .. It has been mainly _; left in their own hands , and , up to this time , they have Buffered a loss upon it to the oxtent of 145 , OOO _/ . _^ -the precursor of many
losses to come . . .. ; _-.. " . . _'__ _,.. " / .. ' - . " ., Tfii _^ . is doing a good work for the present time , and laying the foundation for better in future . Its effects , indeed , are perceptible in tbe fact , that the _EsiTEnbn . of Russia was compelled to coin alio , in order to give a colourable excuse to the nioney-lenders in this country , to let him have the five millions and a half he asked for . He did not want the nioney to pay the cost of his execrable and infamous interference ; in Hungary . Not
he . _ . It was to complete the Railway from Petersburgh to Moscow . Mr . Cobden deriiolished that flimsy falsehood so effectuall y that even the Times , with its unparalleled audacity of assertion , has never had the hardihood to repeat it . Neither liasit dared to _^ question the ., now , proved _^ pecuniary weakness of the Auxochat . Mr . - Cobden has destroyed the delusion on that point for ever . Not all the efforts of all the scribes employed b y _NiciHoiAS , can ever restore the belief that formerly existed as to the greatness , of his riches and his
power . Six months ago , he was denounced iu the London Tavern as a bankrupt ; who , so far from being able to lend his brother Emperor two . _millions- _^ the Pope half a million , or the Grand Buke of Tuscany another half million—ras he _bbaslied he-woriia- _^ _WaBliiot ahle to pay his own current -expenses . He has' now demonstrated _thevtruth , of . that _^ atemC Titi Instead / of lending , . to . others , - ; _; hel comes _ahorrowing himself , and cowes too , with a lie
The Morality Of Profitmongers. ' ; ' ,,....
on Ms tbngu _^^ u _^ itirig _jfalsehobd _^ ith _« n * it * _ndicancyi after ; _ftuV _^ _prWe _^ f _^ hion of _^ eregr _ii _^ r street beggar . ' - _<; ., ''; . ;' . ' , '¦ . _[{ _yX- ; 77 ' , / ' < j X _'> _-n-X . _Butsthe bait , it appears , was top Btrong ; in this instance to be resisted . Nicholas had provided _aa ? excuse for theni , aud / offered five percent , at . a . time when , two and a half or three was the , _utmost _thatj Could be / _gpt at home . The moneymongers , therefore ,. eagerly _, wished to take up the loan , and before Mr . Cobden ' s meeting , the . Times boasted that it i iii
was all ' _disposed-of _/ / The _Tim _^ th _***>*™ erfiilly , arid so " long , a . eriounced ; the _^ _ljhdmving of money from current purposes for , railways- in our own .. c ountry , where every . pound went'to set , somebody at work ; in the agricultural and manufacturing _districtsr-was quite delighted at the . abstraction of five and a . _haU millions , ostensibly for a , Russian ,, railroad . Why ? , Because it is the organ of themorieymongers , and anything that will'hririg grist to their mill ; will always have its support . If we were ; at war with Sussia--and it is almost the
. only great power from whom war-is to be expected—the moneymongers ' and . the Time $ would rather aid Russia than our own Government ,. Russia _^ off ered "; tlie largest '/ iriterest . Say that Sir _(^ haulIes Wood _^' offered . five per cent ., ' arid / Nicholas five arid one-eighth , ' , the onereigli'tliI extra would _^ _^ secure him ; the money , though / the mpneympngers knew that it was tpi _. B ' e emplbyed ' . in _^^ shooting Englishmen , and battering English riieri-ojp-war to pieces . / /
• All / war loans " are unjust arid immoral in " theriiselves . ' Tliey ; lay heavy burdens upon present generations , and , upon posterity , ' for which there ' is no compensation whatever . . They /; spread' / bloodshed , ' sorrow , and ; destruction , while ., actually , _criiplpyed ,, and they leave to the future a' heritage of revenge and discontent ! . / _* ' We / -hope that / those' who have subscribed' to' the , Russian loan ; for . putting down 'Huriganan independence _^ will re a _^ , cprise 4 uences ' by . the loss of bo _^ th iriterest and principal . "" '• " \ X 7 . ' [ .. . " ;; . ' V ' \ , " . _- '' , _\> - They have been ; fairly warned of the / great iniquity they w _pre , _^ _^ ahetting—and ; ' as Byron says : — ''"" _ " _/ ' [ 7 / ' . "' '' . _^ '"' " ' . Methinks I hear a little bird who sings ,
The people bye-and-bye will be the stronger . When they become so- —they will not ho hound to / observe cbntrabts _^ the very essence ; of which was fraud , spoliation , cruelty and oppression .
;*+*"**S*S*'**+***A^^P—*"**~****Ww** ; ;...
;* _+ _* _" _** s _* s * _' _** _+ _*** _a _^^ _p—* " _**~**** _ww _** ; ; PARLIAMENTARY PROSPECTS . _' : Next Thursday will commence what promises to bo a stirring and important Session of Parliament . 'The Protectionists' intend to move amendments ' iii both _Housea on the first nig ht , in _orderito test ; the strength of parties on that question .. X Ministers meet the Opposition in an uncompromising spirit , by putting Mr : _CiiARLES-ViLLiERS- _^ the earliest Parliametitary . Champion' of Corn Law ' ' Repeal—as the _M-Wer of _. _tlie Address in the Commons ; and they carry "with them by implication , the commercial ; and monied classes , by having Sir James Duke— -the late Mayor of the city of _Lonflon—tosecbhfiit . _' ' "''
In the Lower House , there , is ho doubt that they will have a clear and decided majority on the question ; but the division ; will _..-. serve to indicate to the leaders of the Protectionists their real strength atthe very commencement _, of the Session , a very important point in party tactics . In the . Hpuse of Peers , where the Opposition -will - be headed by the impetuous Stanley—the result is-more doubtfuV Its members are exclusively of the landlord class ; aiid it will be remembered _^ that the Navigation Laws last Session narrowly escaped rejection , solel y ; tlirou _^ ii the exercise of the Duke of Wellington ' s powerful influence _^ and the u se of the proxies at his command . '
It is , however , possible that the increased experience / they have since .. had of , the working of Free Trade , as regards their own class , and the undisguised attacks upon rents which the Free Traders have now ; ' made , may have worked a change . in . the relative state of parties in tlie Lords . . Many of those who have hitherto been content to _piace'their votes at the disposal of' _' . theDUKE , _* ' may feel _, inclined to try the last chance of a Dissolution , and an appeal to the ; existing Constituencies . That would be the effect , were-they to succeed in carrying an amendment y and if they did fail in' the atteinpt ,, they would at least be no worse offthanthey are ; now . 7 > _-
• A general election at : the present time would , however , be one of the most fierce party contests : which has been , witnessed in this country forthe . last twenty years .. ' . The riotous violence , and actual , battles which have characterised some of the recent provincial meetings , prove that a deep and rooted feeling of antagonism exists , which the licence and excitement of a general election would spread over _the . whole ! country , and probably lead to . riots more dangerous , and contests more fatal , than those which marked the imposition in 1815 of the law the : landlords , wish to _Restore . ,. Considerations of this . , "kind ; may , therefore , on the ' other ; hand , ; deter ; _many-, frpm voting with the Protectionistparty , who . . would otherwise have joined it . ••" _ .
Of all classes iuthe community , their Lordship ' s have the least to gain . 'by disturbance ; and , once begun , there is no knowing / in-these revolutionary times , how far it might-spread , or what new and . grave questions might spring up in the turmoil , demanding immediate and satisfactory settlement . On the ' . whole , we are inclined'to believe that the latter opinions will predominate ; and that though Lord Stanley will be , backed b y apowerful phalanx of votes , he will judiciously stop- short of a majority , and content himself with aharassing guerilla warfare _^ during the Session . , As to Mr .
Dishaeli ' s , scheme of local taxation , it is mere moonshine . It may serve as a peg to hang talk upon for a night ov , two , but that is all . His own frequent alterations in the plan , prove that he himself has . no faith in it ; and , at this time of . day , dt implies no small amount of assurance to propose that so many millions annually should be taken from ' the shoulders of farmers and landlords , and laid on the backs of the other classes of society . ' If any portion of _oui-. fello _^ _icountryme ii _T-have taken care to evade heavy . taxation , - it is that very portion whom Mr . Disraeli would make us believe
are so badly used , ; , and so heavil y oppressed . They , like some parties of yore , ' have laid grievous burdens on other men ' s ; shoulders which they themselves did not : touch : with their little finger . Landlord legislation has been exceedingly kind to landlords ] and it will " require more than Disraeli ' s ; . iiigenuity and sophistry to prove the contrary _. Two other , questions stand prominentl y out ; the . Franchise , and the Colonies . It is now generally understood that Ministers really are prepared with a measure affecting the former , by which they hppo ; to pacify , the growing demand for Parliamentary Reform . All other political questions for the time being sink into insignificance beside this . Until we have a thorough and _coitiBistent revision of our
representative system , it , ; is impossible either to proenregood government , or to secure its con " _, tmuance , if it was obtained . In the advanced stage of public ; opinion on the subject , it is not _Jikely that ; any mere stop-gap , will besatisfactory , though " , as , we have on former occasions observed , the Whig _^ with their usual _temporising _. policy _. inay attempt some such mode of dealing with it . When we see their measure we shall know , how to treat it ; _inthemeimi time we promise to expose and to oppose all shams and . delusions _^' come from wliat . _quarter they may ... _\ :::: ; , ; .. ¦ _.,:, ' - .. _„ ¦ ; . _.- _; , ;
Th _^ Colonial question is , _howevei _' , in - a Parliamentary sense , the great rock ahead of the Whig ;"; Adn _^ istetition . ' ; On that . , point they will , ; K _§ Y _© ' _^^ Qr _^ ahised _ppppBiiaon _. ' _jcompoaetl of loading ! members ; of all . _seotiona-witbin the'House , unless theyjaritio i na , Wthat _«> ppofl \ ti 6 _u "b y coneedinff the _vrini
;*+*"**S*S*'**+***A^^P—*"**~****Ww** ; ;...
ciple for which it- contends . Itisnow confi . dently announced ' that it is intended to do this , . that the Royal _Speeeh will contain an official declaration to the Colonies—that any _proposal they may _-iriakeifbr _^ tho _managements of iheir own affairs _^ and the pr oviding for their own administrative and ' ¦ ¦ military requirements , will not meet with refusal or resistance frorii the Mother Country . , , # ml for which , it- contends . It is now confi .
This is ah immense step in advance , and must h ' _aye cost some hard fighting in the Cabinet . If the ' rumours at out the _Clubg haye any foundation in , fact , it would seem but . very recently to have threatened its existence . The Grey party will by no m eans relish' this total surrender of tne power of g overning the Colonies from _Downing-street and , indeed ,, it will effect siich a radical and
widely ramified change in the whole of our Colonial system , that we yet entertain con-: siderable doubts : whether a principle so rational , so comprehensive in its operation , and likely , to be so beneficial in practice , can reall y have been adopted by a Whig Administration . A 'few- days will show whether they have or not . If so , we Bhall put it beside the "surplus , "" as another extraordinary novelty in their official career .
"Financial Reform will of course occupy its usual position in the _category of sessional de . bates . On that point we can only repeat . our former statement . Until Parliament is . radically re-constructed , and the power of the purse-string is really held by the people ,- there can neither be effective retrenchment nor continuous economy . While it is well , therefore , to lose no opportunity , of . enforcing prudent arid thrifty management , or of opposing
extravagance and waste , m ; whatever ; public department it may occur , it should , . at the same time ; be always remembered , that these are ' merely consequences of the faulty and unjust structure of our representative ayatem ; and as it is better to dear with causes than effects , all popular strength and opinion ought to be ; concentrated upbn . the source of the evil . In this spirit we shall watch and comment upon the proceedings of the Session .
More Savings . Bank Defalcations. , , Ou...
MORE SAVINGS . BANK DEFALCATIONS . _, , Our recerit remarks as to the insecurity of these Banks , have received additional support fey the subsequent discovery of three fresh cases of defalcation . The most serious in . amount has occurred at St . Helens , near Liverpool , whereat least 10 , 000 / . appears to havebeen embezzled by Mr . Johnson , the Actuary , by similar means to those einployed by his bro . ther Actuary , the late _Mi-ZHaworth of Rochdale . It would ; appear , -also _^ that he has
kept his duplicate set of books , like Mr . Haworth , fortwenty years , without heing detected ! . What an exalted idea this gives of the vigilance and honesty of the trustees and managers of the St . ; Helens Savings Bank ! The second case is that of the Secretary and Actuary to the Scarborough Savings Bank , Mr . Smurthwaite , a wine and spirit merchant . The fraud in this case' commenced so far back as 1838 , and has only now come to light . It amounts to ' several thousands . The third case is that of a clerk in the Aylesbury Savings Bank , ' who'has absconded with a large sum
of money . ' - In all these cases , it is said that there is property enough to cover the defalcations , and that , ultimately , the depositors will lose nothing . But whether this he so or not , ; it is no answer to the now demonstrated fact , that the poor people , Avho invest their small savings in these Banks , have no satisfactory security against fraud and loss , Numer ous cases of extreme hardship are stated in the instance of the St . Helens Bank ; aged persons , who have all their lives been stinting both back and stomach , in order to lay b y a scanty provision for the time when health and
strength-failed them ; now find that' their names do not occur in the set of books kept for the inspection of the managers , and that , consequently , they have no claim whatever on the Bank , even if . the trustees were legall y responsible . But the great fact that cornea out in all these cases is , that either from the absolute impossibilit y of providing an efficient check against fraudulent misappropriation , or _the-supineness and apathy of the trustees and managers , itis possible for actuaries to carry on a systematic and extensive robbery for along series . of . years ,. without heing discovered . The Irish Banks last year were supposed to be
exceptional cases . That of Rochdale , this year ,. accidentally discovered by the sudden death of the Actuary , was in like manner treated as an exception ; but the rapidly succeeding discoveries of St . Helens , Scarborough , and Aylesbury , appear as though the system was rotten throughout . , If it is to continue at all , the Government , in return for the use of the large sums of money they derive from the Savings Banks , must give some more valid and satisfactory security to : the depositors . At present there is , practically , no legal security whatever , after all the showy legislation we have had : upon thesiibject .
At the commencement of Savings- Banksparly , in the present century—the persons who originated them , . and ; undertook their management , gave their joint personal security tothe depositors . The . immense ; aggregate sum speedil y lodged in those Banks , however , soon showed the necessity for some solid and tangible foundation ; and thence originated the main provisions of all Savings Bank Acts , that trustees are bound to invest the monies of
depositors" on Government security , and on that alone . Since 1817—the period of tho first legislative act referring to these Banks—there have been a series of Acts passed , altering the interest payable on deposits , and prescribing various regulations for their management , such as the rendering it incumbent on paid officers to provide good . and sufficient sureties forthe proper discharge of their duties , enabling the trustees to suo defaulters in tho name of the general bod y of depositors , arid preventing any small bodyof the trustees from withdrawing the fundsof theBankfromthe handsof the
Government , except . with the consent of the whole , or a competent part of them : Tho last Act passed on the subject , contains an important provision , wliich goes far to render nugatory all the precautions so laboriously compiled , and ostentatiously paraded , for the purpose of securing public confidence . The Gth Section of the 7 th and 8 th Victoria , cap . 83 ( August , 1844 ) , limits the responsibility of trustees and managers as follows : — . ' 'That no trustee or manager , of any Savings Bank , shaU be _liiu-le to make good nny deficicuoy wliich may hereafter arise ia the funds of such Savings Bank , unless sucli persons shall have respectively declared by writing under their
_hirnds _, and deposited with the Commissioners for the reduction ot the National Debt , that they are willing so to be answerable ; and it shall be lawful for each of sueh persons , or for such persons collectivel y to limit his or their responsibility to such sum as shall be specified in any such instrument , provided always that the trustee and manager shaU be , and is _heieby'declared to be , responsible for all the monies actual ly received by him on account , or for the use of such institution , and ' not paid over or disposed of in tiie manner directed bv the rules of such institution ; and an abstract ot the above provisions shaU be enrolled as one of the rules of the institution . "
From this it is quite clear the legal responsibility of the trustees and managers of these Banks is expressly limited to the amount they may personally receive on account of the Bank . We presume few of them lodge the specified declaration witb , the Commissioners for the Reduction of the National Debt , stating their willingness to be responsible for more ; when , therefore , prudent hard-working people
see a long list of " noble lords , " «< bon . gentlemen , "Land . " rev . clergymen" paraded on the face of the rules of such institutions , SB being security for their investments , let them remember thatiaU , this , amounts to no security _wtoyer ; _v-J -h _^^ _id _^^ _iiobie _, _'' " honourable " a _* _od 4 i re * rerena' _| 'ind _^ idu _*^ , are _^ not , iri ; the majority of inatanee > likely to underge the drudgery of receivi _ng the hard-earned _saTings of the poor , Tb _^ t dirty _^ is demitted to _ita
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Citation
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Northern Star (1837-1852), Jan. 26, 1850, page 4, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ns/issues/ns3_26011850/page/4/
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