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Leader (1850-1860), 12th February 1859, Edition 2 of 2, Page 17, ^MtM

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      Ho,464, February 12,,1859.] • __

      Ho , 464 , February 12 ,, 1859 . ] __

      THE LEA : PEB ^_____ 209

      Ad01707

      n » SATURP 4 T NEXT will be presented to Hie readers of " THELEADER , " AN ANALYSIS OF THE POSITION OF THE JOINT-STOCK BANES OF LONDON ON 30 xh JUNE , AND 31 st DECEMBEK , 1858 , Toaeiher with a Comparison of their Progress ^ Respective Amounts of Profits , Increase of Capital , Sfc , Compiled and arranged expressly for this Paper from the best authorities . WITH ORIGINAL REMAEKS ON THE EISE , PROGRESS , & TENDENCY OF THIS SYSTEM OF BANKING .

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      Satubday, Febeuaey 12, 185q.

      SATUBDAY , FEBEUAEY 12 , 185 Q .

      ——W — There Is Nothing So Revolutionary,...

      ——w — There is nothing so revolutionary , because there is nothing so unnatural and convulsive , as the strain to keep things fixed when all the world is by the verylaw of its creation in eternal progress . —Dk . Arnold .

      Hastening To Recogn Ise As A Fait Accomp...

      hastening to recogn ise as a fait accompli the election of Itf . Courza . It is the realisation of the view professed by the Erencn Government on the Daaubmn question from the outset ; and fully justifies , it must be owned , the superior sagacity displayed by its chief in tins as m other ^ matters . Napoleon III . was over-persuaded at the Congress of Paris to waive his own opinion as to what would be best for the Danubian communities partly by assurances c onfidently made that the alleged sentiment in favour of union was but superficial , and the result of demagogic artifices . The natural tendencies of the two Principalities were , it was said , different , not identical . Give them but the opportunity of naming their own rulers , and it would be seen how wide apart their real feelings lay . A common viceroy ought not t o be forced upon them , for if he were , one or other would be dissatisfied , and no end of troubles would ensue . Well , they have had the opportunity , and how have they used it ? Despite of all the machinations of their enemies they have chosen the best and ablest man they could find in either province to be the executive chief of both . A graver or a juster reproof has tne in

      seldom been administered to overweening - solence and presumption of the . Great Powers , as they are called , for their reckless , disregard of popular wishes and local wants in dealing with minor states . With few and casual exceptions the dealings of these haughty arbiters of national iate , have been characterised by incredible blindness and folly . They took Italy in hand in 1815 , and they arranged it so ill that it has never ceased to be a chronic source of scandal and discord , and now at last bids fair to prove a magazine of retributive dancer to those especially that took most part and sought most profit in its political inutila-. !• ¦ — : rpu « .. * - ~~ l- + lio ¦ Nrpf liprlanns m 41 and . and

      made one kingdom of them , declaring that the formation of such a power was absolutely indispensable to Europe ' s safety : but in the course of a few years their handiwork " broke in pieces , and then witii cnUmn airs , find interminable protocoling and Avhat

      NEW COMPLICATIONS . While diplomacy is out of breath , trying to arrange . a presentable basis for a congress respecting the affairs of Italy , new complications are likely to arise out of the unexpected event which has just taken place in the Danubian Principalities . As may be recollected , the concluding act - of the last Conference of the Great' Powers was the rejection of the unanimous prayer of the lloumans for . legisla . tivc and executive union . France and Russia had in the first instance favoured the demand , and encouraged popular agitation in the two provinces in support of it . Austria and Turkey , true to the instincts of darkness mid repression , denounced it as revolutionary . The Porte protested against it as air acknowledgment of a separate Christian nationality ; and Austria , dreading the contiguity of a new constitutional state , desired to keep the Principalities divided , and thereby debilitated . Lords Clarendon and Cowlcy unhappily assented to the views of the Vienna Cabinet ; and while the electoral system was cut down to the most Conservativo limits , and the people were thereby excluded from all direct share in the new scheme of government , Wallachia and Moldavia were respectively enjoined to elect each its own Hospodar . Every species of intrigue and bribery was set at work to secure the election of the functionary in question . The emissaries of Austria ; , Russia , and the Porto ti « A lwnn VmioiW niiornrred for SO 1 TU 5 tiniO Uftst in

      not they declared that , the severance of Holland , and Belgium was a sine quanon of European peace . They took the Greeks in hand after they had shaken off the Turkish yoke , and by their mischievous interference and insatiable love of crown-mongering , they all but destroyed the good effects of the war of liberation : the Greeks found for themseyes a country ; the diplomatists of Europe found for them an ' Otho . And so it has well-nigh been with the Roumans . Instead of allowing them , when the Russian war was over , to decide for themselves what manner of government they would have , the Great Powers set about drilling and dictating * until the friends of the unfortunate Principalities were almost inclined to give \ ip their cause as hopeless . The people of Wallachia and Moldavia have nobly vindicated their inherent right to think and act for themselves ; and if Louis Napoleon wishes sincerely to begin a new and liberal system of foreign policy , he will lose no time in ackuowr 1 edging M . Courza as the elect of four millions of people . K . , The Porte will of course get into a passion , and Austria of course , will protest . But if France and Sardinia , not to speak of Russia , recognise the validity of tho election , the thing is done . In the present state of the relations between France and Austria , the latter dare not so much as threaten to send a regiment of Jugers across the Wallachian front ior .

      plotting the return ot their rospeotcd favourites at Sassy and at Bucharest . Tho Moldavian cleotion came off first , when , contrary to tlio anticipations of all the intermcddlors from without , a bravo and honest man , bolovcd by liis country , nnd confessedly destitute alike of the arts and the means of counterplotting tho foreign intriguors , was chosen by an overwhelming majority Viceroy of tho lesser State . Hardly had tho Cabinets of St . Petersburg and Vienna recovered from their astonishment when the still moro startling intelligence reaohed thorn that Colonel Cour & a had bcon triumphantly nominated Viceroy of Wallaohia also . Neither at Paris nor in London was the cvont so much as dreamed of . In tho former capital tho Batisfoqtion with whioh it has boon rocoived in quarters not far removed from tho contro of nuthp-, rity is undisguised . What Lord Malmosbury may think of it wo know not ; but it comes as a perfect godsend to Louis Napoleon , seeking , as ho does , cause of controversy , ir not of quarrol , with Austria . Wo should not , indeed , be surprised to hear of his

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      Administrative Patronage. Tub Manner In ...

      ADMINISTRATIVE PATRONAGE . Tub manner in which various appointments at homo and abroud have been of lato filled upj oxcites very diU'orent feelings in different classes of tho community . Among the publio at large , long acoustonied to seo not only all tho prime pieces of patronage carofully put aside to satisfy tho hunger of tho oligarohy , but the very scraps and bones appropriated daily for tho same greedy purposo , it is something new and almost unintelligible to witness tho mode of dispensation . rocontly adopted in certain high quarters . Instoad of following in tho old track , tho heads of several important departments appear to be bont upon resusoitating tho almost obsolete idea of making ohoice of men oy their personal talent and worth , and paying no regard whatever to the consideration of who wero thqir grandmothers , Not only are damaged Marquises and dissolute dis-Honourablos at a discount , but their questionable belongings and opnnexions scorn to have boon warned off the publio premieos , while rospeotablo

      incompetency and well-hred dulness begin to believe in the quiet intimation that they " need not apply . " Some months ago Lord Harris intimated his intention of resigning the governorship of Madras . It is one of the best things in the gift of the Minister for India . Had Sir Charles Wood or Mr . VernOn Smith been at the head of the Threadneedlestreet board we know by experience what would have been done with it . It would first have been offered to ail the elder sons of good family , one after another , whose fathers were spendthrifts , or who had made away with their own fortune themselves . If none of these had a fancy for it , the younger branches would be gladdened with hopes of the prize ; and to some scamp or sycophant of this reversionary class it would inevitably devolve , unless some one of less obvious , but more importunate claims on a colleague or influential supporter were preferred . What must have been the indignant emotions of all such varnished impostors when they learnr , that Sir Charles Farquhar , a hard-working man of mere ability and experience , and not even a member of the political party now m power , had i , ^ r , c ; no . lpd mi * for the go vernorship of Madras ?

      Then the chief justiceship of Bombay fell vacant . It was offered to Mr . Grove , Mr . K . Macaulay , and other men of leading mark in the profession ; but declined . No end of influence was set to work to obtain the coveted post for thisor the other hangeron of great lords and fine ladies . But all m vain . The first place on the judicial bench at Bombjij- "as been most suitably and disinterestedly filled up by promotion of Sir Matthew Sausse ^ who has for some years filled the office of Puisne Judge in the court : and the latter post has been conferred on Mr Arnould of the Home Circuit , a man of high character and standing both as a man of letters and to

      a lawyer ; It is almost supernuous auu . *««« ,. both these gentlemen are of Liberal politics , and that neither of them possess aiyr private or family connexion with any member of the present Government . _ ,. . ui

      JNor are tnere wanting piuuio «• " » - ~ v * . ^^ .. tion . to prefer merit rather than family or party ties in other departments . The important office vacated by Sir Charles Trevelyan lias been most ludicrously filled up at the Treasury by Mr . George Hamilton , for many years member for Dublin . University , a man of talent , temper , business habits , and long acquaintance with public life , and one whose high integrity even the bitterness ot party had never questioned . Among minor appointments we are glad to have an opportunity of noticing with commendation that of Mr , Lucas , a gentleman well known by his contributions to the current literature of the day , to the office of Stamp Distributor at Derby . What a contrast to the manner in which a similar office at Manchester was filled up some eighteen months ago ! it Mr . Disraeli perseveres in the course which lie and tne wiser portion of his associates in the Cabinet seem to have entered on , they need not fear the cprrupt cavils and malignant sneers of coteries and clubs . They may make for themselves friends among the outsiders , irrespective of the worn-out distinctions of aristocratic party , who have the ability and the will to sustain them in thoir righteous course once their confidence shall have been thoroughly established . .. The nomination not long since of the Rev . Harvey Goodwin to the deanery of Ely is an earnest ok bettor things to come in the disposal ol Ulmrcii nn f mnnn « "With Mr . Goodwin ' s distinctive

      peculiarities of theological opinion wo do not proicss to meddle ; but on all hands ho was confessedly tno most popular preacher at Cambridge , and ono or the most useful and indefatigable parish priests m the diocoso . But tho appointment , P ^ P ; ™ ' | c /» upon tho whole has met with tho most »»«»""«» approval from the publio , is _ that of Su Henry Storks to be Lord High Commissioner of the Ionian , Islands . Though deservedly an especial favourite in what is oalletfsooioty , tho gallant o hcor is wholly unconnected with any of tho potentialities of tho preton ious world . Ho owes his rojik and the Lthnation in which ho is hold as a soldier and as a civil administrator entire hr to tho force ofhisown onorKctio nature and woU-balanood tono ot wind . During tho Russian war ho won golden opinions , from ' all whom he oamo into contact with , whether British or foreign ; and ib was very muoh ftwing to . his admirable . arrangements , ana to the imnorturbablo equanimity with which ho enforced tlic . u observance , that tho prevention of groat diffiqultics .

  • Citation
    • Leader (1850-1860), Feb. 12, 1859, page 17, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_12021859/page/17/