Current:

Leader (1850-1860), 16th July 1859, Edition 2 of 2, Page 21

Page 21
Page 21
21 of 24

On this page

  • Text (5)
  • Transcript

    • Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.

      Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.

      The Pkince Of Waz-Es, This Day, Is Expec...

      As a blacksmith , named Ralph , was returning home across Sbuthborough-common , Sussex ^ dunng a heavy « torm of thunder and lightning , he was struck by the electric fluid , and on arriving at his bouse in a few minutes afterwards his faculty ot sight left him , and he has not since recovered it . The Bishop of Iancoln has presented to the Chancellorship of Lincoln Cathedral , vacated by the death of the Rev . George Thomas Pretyman , the Rev . C . Bird , vicar of Gainsborough . The valuei ot the chancellorship will be about 1 , 000 ? . yearly , with a fourth share in the patronage of twenty-one vicarages , five rectories , and two perpetual curacies . We regret to learn that the Rev . Joseph B . M'Caul , of the British Museum , has met with a severe accident , having fractured his right arm on Thursday last .

      The beautiful church of All Saints at Kensington , which has been so longuin an unfinished state , is to be immediately completed for divine service , under the sanction of the Bishop of Xondon . The fear expressed that the open space commanding the much-talked of , and much-to-be-valued view of St . Paul ' s Cathedral , will be built upon , is groundless . We can say that for the next 80 years it will remain open , for that is the period for which it is leased , and one of the conditions of the lease is that the site shall not be built on . It appears that , after all the reports to the contrary , the state prosecutions are to be repeated at the coming assizes in Cork and Kerry , and that the new law officers mean to follow tip the work left uncompleted by their predecessors .

      The Calcutta J'haenix states that the ex-King of Oude , in strains more doleful if less poetical than the " Tristia" of Ovid , has composed a Persian ode adr dressed to Lord Canning , in which be bewails his own miseries , and supplicates the "Viceroy , to whom he applies the most flattering epithets , to have pity on him in his captivity , and procure him justice . He styles Ldrd Canning the " Full Moon of the World . " There are 22 , 000 Jews in the Austrian army in Jewish in

      Italy , and a captain of the persuasion , the late engagement , most heroically rescued the colours of his regiment from the French , who had taken it . —Jewisli Chronicle . Dr . Winterbottom , the father of the medical profession , died at Westoe , near South Shields , on Friday ; in the 95 th year of his age . Dr . Winterbottom was also probably the oldest anti-slavery advocate alive , having been connected with the great movement for the emancipation of the African race from bondage from early life . _ . with tne

      The other day a visitor was condoling old woman who opens the pews for the congregation of Greenwich churcli on the great amount of work she had to do . " Yes , " replied , " we used to have only to open the doors , but now we have to push in the dresses . " The Rangoon Times mentions the loss of the valuable presents brought from France by the adventurer D'Orgoni for the Kipg of Ava . In order to lighten the Alon Prah , so as to enable her to ascend the river to the capital , they were placed on board a Burmese boat , along with a spare engine which the steamer brought out with her . The boat sank from the weight , but some of the valuables were recovered , and afterwards sold by auction . They were valued at two lacs of rupees .

      A gentleman in . Oban informs us that a monster skate was caught last week in one of the nets used for taking salmon , by the fishermen of Donstaflhage , Argyleahire . The dimensions of the fish were as follows : —Extreme length , six feet ten inches ; width , five feot two inohes ; thickness , eight inches ? Bunjposed weight , 130 lbs . The chief fisherman says it is the largest skate ho over saw . A Supplement to the London Gazette , contains a series of papers received at tho India Office relating to events in India , which have already been fully detailed . . The telegraphic communication between Paris and London hy the submarine six-wire cable , which has just been laid down botweon Boulogne and and

      Folkestone , commenced operation on Tuesday , the results are satisfactory . On Sunday the evening services at Westminster Abbey were brought to a close . Tho preacher was the Right Rov . Dr . JSdward Wyndliam Tufnoll , late Follow of Wadham College , Oxford , and Rector of St . Peter ' s , Marlborough , who lias recently been consecrated to tho . Australian bishopric ot Brisbane . At Lyons , lately , saya the Afaerie Npuvella , a . Totircd OhftSBOUP d % Mriquo , who , at this moment , Is a chef d ' atolior , settled there , married an Arab woman , whom he had himself taken from her tribe in a rassisia in 1845 , and , taking an interest in her , had eont her homo to hie mother In Franco for Her education .

      No. 486. Jtn* 16,1859.1 The Leadeb, 849

      No . 486 . Jtn * 16 , 1859 . 1 THE LEADEB , 849

      Commercial.

      COMMERCIAL .

      ¦ -? - ; - . ' . ¦ ' . ¦" ' ¦ Duties On ...

      ¦ - ? - ; - . ' . ¦ ' . ¦" ' ¦ DUTIES ON FRENCH WINES . fTIHERE is a dearth of commercial topics , and we ¦ *• shall here advert to one subject rather political than commercial , though intimately , connected with trade . The whole of Europe is alarmed at the vast military power of the French , and at the success attending their operations in Italy . Of course the Emperor can do nothing without his people . In some way or other he does their will ; and if they love for

      refused to go for soldiers , and had no military glory , he could not make them go , and could not enrapture them , by military success . The condition of the French people , therefore , though ordinary politicians trouble themselves very little with such subjects , is worthy of public consideration , latterly , in truth , the multitude everywhere have gained in the estimation of politicians , and abroad as well as at home it is found necessary to include them in all political calculations .

      France would be stimulated ; and the French finding increased employment aind increased wealth at home would have less inclination to become soldiers-, and would be more , inclined than now to oppose foreign war- Our own heavy duties oh French wines and brandy , then , contribute to nourish a war-spirit in France . They would be less belligerent if they found more profitable occupation at home . Their military disposition from which we suffer , which compels us to be always armed or arming , is partly caused by ourselves . Men are not punished vicariously by nature , whatever may be the case in the Catholic church . They suffer ¦

      ' only . from their own faults , and are punished by nature only for their own crimes . Thus , for the readiness with whicL the French people lend themselves to war , to our annoyance * we are partly responsible ; It is our own fault that the French do not grow as friendly with us as the Scotch and the Irish , and are not as much opposed as we are' to schemes of conquest in . Europe . But for the hostile tariffs . by which the different people of Europe urge war on each other ' s industry , there is no reason why they mi g ht not all be as friendly with another as the subjects of any one sovereign . National estrangement and national quarrels are the consequences and punishments of hostile tariffs . ¦ ¦ ¦' „ ¦

      We are about to augment , and , it may be hoped , to re vise our system of taxation . It is a general opinion that the property and income tax must be extended . If so , let it be properly adjusted at once , and largely extended ; andlet us put an end to those barbarous duties on foreign products , like those on French -wine and brandy , which cost us more in one year , by the jealous armaments they oblige us to maintain , than they yield in a generation . Policy , humanity , and all the graces of life all duties that im

      plead for the total abolition of - pede the trade and the peace of the world . There are no duties on any tariff of any nation more objectionable , for the friendliness they prevent , than our exorbitant duties on the produce of our nearest neighbour ; and now that we are put to such ah enormous expense by merely apprehending an attack from France , no time can be more opportune than this for recommending the public to take into consideration the duties on . wines and brandies , and require that they should be got rid of .

      The French , like all . other people , are greedy of wealth , and are induced to support military expeditions , because they expect by them to augment their fortunes . According , however , to English and Flemish cultivation , France is not at present half cultivated , and the French could obtain a great deal more wealth with unerring certainty by improving labour at home than by using it destructively abroad . The desire to possess a large quantity of land or territory was rational for the savage who lived by hunting ; but in a civilised man who knows that labour , not land , is the source of wealth , such a desire is a mere traditionary prejudice .

      Where the possession , indeed , gives a power over labour , as amongst us , who still sufier from the slavery of oiir ancestors to obtain land or an estate , is a reasonable object , but the idea of making slaves by conquest is now given up , and the bulk of the French and every other people can get more by toiling at home than fighting abroad . Cc-nquest might give a government more power ; it cannot give a people , individually , more riches . Since it was fully established by the researches of political economists that labour is the sole

      source of wealth , all rational ambition has centered in making labour more skilful and more productive . The French possess an immense extent of fertile land—they are very ingenious , and to all the other people of Europe it is of immense importance that they should desire to remain at home to cultivate and improve their own soil . There they may find the means of enriching themselves , instead of ministering to the ambition of one or a few men , and making themselves the terror or plague of all their neighbours .

      The reader is , no doubt , aware that the industry of the town is necessary to the cultivation of the countryi . Both Belgium and England arq remarkable for a large town population . Farmers cultivate corn to sell it , and to improve cultivation they must have customers . The cultivation of England has been wonderfully improved since the corn laws were abolished by the great increase which has ensued in' the numbers of the town population , Now , what is true of town and country is equally true of different countries . Onp is adapted to grapes , and another abounds in minerals ; one is fit for the growth of cotton or sugar cane , and another for feeding sBeep ; and all -will be enriched os they exchange products favoure d by nature , as the town and country

      are mutually enriched by mutually exchanging manufactures for agricultural pi * oduce . Trade between tho inhabitants of different countries is as much a part of the order of nature as trade between town and country , and we contravene that order when by artificial and heavy duties wo prevent suoli trade . Now it is a fact that France is a groat winegrowing country ; that a largo portion of its population live by cultivating tlio vino , and that they can only thrive and extend cultivation oa th « y find a market for their produce . It is another fact that the people of England are groat consumers pf wine , ana would consume a groat deal more if they could got it at a reasonable rate . Beoauso they cannot got it , they drink instead much trash and many vulanoua compounds , to the serious injury of their health , moral-na well as physical . Now , if there woro no duties here on . Frenoh wines they would be very largely imported $ tho cultivation m

      Money Market & Stock Exchange.

      MONEY MARKET & STOCK EXCHANGE .

      Friday Evening. Yesterday The Bank Of En...

      Friday Evening . Yesterday the Bank of England , following the market , reduced its minimum rate of discount to 2 J percent . Adopting a similar course , the London and Westminster reduced its rate on deposits of above £ 500 to lj , and below that sum to 1 per cent . ; the other banks and discount brokers reduced their rate to . lj for money at call . At the same time bullion is leaving the country , tlie peace has already excited the hopes ot the iron-masters , and given an impulse to trade , and in a short time money will probably be dearer . At any rate , whenever the market alters , the Bank , which must follow the market , will alter its rate of discount . Any attempt to regulate the market has now become' a farce , and tue sooner the Bank gives up all notion of regulating tho value of money , ana of being independent ^ of tjio market ; the sooner it allows , like other bapks , interest on deposits , and changes its terms as they change theirs , from week to week , the better its true character of a mere joint-stock bank , with the Government for its customer , will be known and appreciated by * the As the change mode only followed the market , it had no efl ' ect on it , and money continues , as it was last week before the Bank mado the change , extremely abundant . It is not expected , however , by those most conversant with the course of the market , that this coso will long continue , and we hear the opinion expressed . th at tlie Bank would have acted with more wisdom hud itlo \ verea . the rate two weeks ago . We , howevor , belioyo tlmt tlie Bank knows the stato of its own t U bettor t inn of hors know it , and that it 1 ms only Kb lowed t'w'ng ^ !" given by tho present and probablo future stnto of Us resources in now ^ voting tho rate . Otherwise , the condition of our exchanges , which « 8 unfavourable , and both cold and silver are uohiff abroad , and tlio extension 01 fradewliich may bo looked for from tho peace , by no mSaS Justify The opinion that the Bank will bo able to P X \ Vcoi ? n \ rof thocondiUon of the Bank of France , which , « 5 Tcompared to lfl « t month , show a small lose ot Son , an enlarged circulation , and enlarged advances , isiotfavpurabJotoinoroftaod callintne money market . Peace wmA » ndoubtedly increase tho demand for money 5 it lias rflrendy improved trade , and consequently it ia not expected that tho present ease will continue many W < T « e ' joInt-stock banks are beginning tp make their reports for the half year , ond that of tho Union has auggestod a dividend of vj por cenjt ., equivalent to 15 per

  • Citation
    • Leader (1850-1860), July 16, 1859, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_16071859/page/21/