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    and meat with of *&tt^ I* E A IB g IE. U...

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    CORN, CASH, AND CREDIT. Tjubv actual cir...

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    THE ITARCE OF FROME. Who nuulo Sir Willi...

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    First Fruits Of Bonapartism In Spain. Th...

    it that they have foreseen en pjg aj g risk dPbeing'taken for accomplices before the STct in ril ^ poisonings and *^ f * > » ° « £ cared to acknowledge ^ to what extent Mb moral complicity had been carried . It was ZSJfy m that he who had foreseen might fare assisted to prevent ; and among diplomatists and statesmen there was a very general and very beautiful display of the best feelings of human nature . Who could have supposed that any man was so wicked as tty break his oath and murder his fellow citizens in order t o obtain supreme power ?

    The first moments of indignation and astonishment being passed , these virtuous persons found ample reasons for accepting established facts ; and , with rare and honourable exceptions , seeing the new sorb of despotism established , began to flatter it . France had been saved from anarchy ; the F rench were unfit for freedom ; a strong government at Paris would add to the securities of European peace ; and if IiOuis Napoleon ' s means of obtaining power were s omewhat equivocal , let bygones be bygones . If

    But the coup d ' etat is not a bygone . it had been a bygone , the condition of France would not have encouraged every military adventurer throughout Europe to expect the sanction of England to any act of successful treachery . If it had been a bygone , the Queen of Spain , and the desperadoes surrounding her , would not have dared to mimic the treason of Iiottis Napoleott and St . Ab-3 SAxn > . What has been the history of the plot prepared by O'Donitell and hia accomplices against the constitutional laws of Spain ?

    They are the inferior men , we are told , who usually succeed in civil conflicts . They were resisted by virtue , and not by audacity . Rumours of their conspiracy floated from Madrid to the provinces , but were treated with contempt by public leaders of unblemished reputation . The scheme was

    concocted in the dark . O'Donnell and his associates forced on a crisis . The capital was surrounded by troops . At the first opportunity the troops fired upon the people . There was a battle in the streets ; the Constitutionalists were surprised and overpowered . That is the sketch presented by a journalist who writes in the interest of order .

    In what does it differ from the history of France under the presidentship of Xjotjis Napoimso : ]* ? Only in two particulars . First , we have not yet heard of any indiscriminate massacre in Madrid , such as that which was perpetrated in cold blood in the streets of JPariB . Then , the resistance of the Spanish nation appears to be vigorous , and there is a chance that the military conspirators may be overwhelmed and punished . France is told to be content . " If the new

    revolution of Madrid be framed in imitation of IiOUTS IsTapoleoit ' s conduct , " why should he interfere ? Such is the suggestion of journalists who dread a Peninsular War . But to suppose that the French Emperor would not interfere to prevent a liberal reaction , is to ignore the truth , that the coup d ' e ' tat in / Spain was instigated from Paris , that the old

    Queen Ohkistmta ha & been in perpetual communication , for several months past , with the Court of the Tuileries , that it is the policy of the French Empire to suppress the- constitutional liberties of the Continent , and th « b England , under Lord Palmcebston ' s Governittent , has been , dragged by Louis NatfOLBQw wherever ifc ha » been his will to go .

    And Meat With Of *&Tt^ I* E A Ib G Ie. U...

    *& tt ^ I * E A IB g IE . U * ° - 3 && ± gAOTKDtAa , ^ W 9 —i i i ' — —~~—^—~—»»^——i .. i —¦—¦—¦——— ^

    Corn, Cash, And Credit. Tjubv Actual Cir...

    CORN , CASH , AND CREDIT . Tjubv actual circumstances of Europe and America tell us that within the next commercial year there will bo an immense Amount of trading , and of honest profit thus accruing :

    and that there will be also an immense amount of false trading quite as fraudulent as the schemes of Joseph Windlh Cosh , John SADiarni , or John Bean Patji ., though presenting a more commercial mask . Thus many persons will make large fortunes , many will lose fortunes , and some who stand between wiRfind their honest earnings taken out of their hands by business speculators . We could foretel this without the aid oi Zadkiel . Indeed it is told already in some of the greatfacts before us .

    , Sir Josnr Fitzgerald endeavoured the other niglit to procure the assistance of our Ministers in getting a fulfilment of Spanish obli ga tions towards English creditors . In 1851 the Five per Cent , stock of Spain was converted into a One per Cent , stock , the interest to i ncrease in the course of three years to a Three per Cent , stock . Spain is continually making these exchanges , converting her stock , capitalizing her interest . Having 000 ?

    gotEnglishmoneytotheamount of 8 , 000 , ., she finds a difficulty in repaying . " We easily see the reason why . She is at the mercy of a Court which thinks only of the revenue for pleasure ' s sake ; of M inisters who are continually fighting each other ; of parties which contend for supremacy ; of a Priesthood which prevents education : and so Spam produces no more than the mere force of nature pushes through the soil , or than the rudest medieval industry could make of the

    abundant raw material . The French were in the habit of hoarding away their cash . M . Peeeirb , one of the Socialist leaders of the St . Simonian sect , has shown them how to combine capitals with great profit . The Credit Mobilier has set going much profit , and much productive industry that would otherwise have been dormant . This is done in a great degree by credit . Credit becomes the great talisman

    for France . Credits Mobiliers are established in all directions ; Germany imitates , and great capital are got up to be employed somewhere . But who can discriminate between the real commercial purposes of those undertakings , and the mere getting up of joint-stock mockeries of commerce ? Under the impulse of this new worship of credit , with some stimulus of real industry , France has engaged in enormous expenditures , some at home , some in every JRagt ° f

    the world—in many quarters of EtEfope , Asia , Africa , and America . France has now for months been labouring under an incessant and insatiablo craving for more money to meet those demands . At the present moment , as the Daily News discloses , France iB buying up all our importations * of gold . Contracts are now in course of fulfilment to furnish four millions . By an ingenious contrivance , this is not bought of the Bank , which cannot sell it under 31 . 17 s . 10 ^ d ., but of those who would otherwise lodge it with the iBank , sometimes , at 31 . 17 s . 9 d . ;

    and the consequence is a ateady subtraction from the golden basis of our monetary credit . There is , however , another reason not so clearly explained for thia decline in tho price of gold . It is of course not a decline in tho value of gold a » compared with commodities generally ; quite tho roverse . California and Australia barely keep pace with tho rapid expansion of tho demand in Europe . . Tho true cause is , that there is a still greater devouring of silver for tho European continent and for India ; and that tlicroforo tho value of silver by which tho price of gold ia measured has increased in proportion to gold .

    Money , gold or silver , is rising in , valuo through these demands in France , Grormnny , and other countries affected by the Credit ; Mobilier mania ; hence , partly the rise in the

    price of bread and meat with . - -us ; : of which , however ,, we have lately pointed out other causes * Our opinion , that the price of bread in particular is beyond all reason , is confirmed by the latest accounts from America . Increased demands have gone over from France , and from . Europe generally , yet such are the stores of wheat already existing that they are ample to meet the current demand at New-York . What is there behind ? The crops are in a magnificent state ; a private letter says : —

    11 We are having a pleasant summer—no epidemics or prevalent sickness—and the -whole country is covered with one of the most luxuriant crops of grass and grain ever produced , while Indian corn and potatoes look equally promising as the grain . Money is plentiful , and the prospect of a continued peace with John Bull and the ' rest of mankind , ' makes business men feel cheerful . " This is the true test of commercial progress—the production of articles which the largest number of mankind desire . What ia " credit ? " It is belief ; it is the commercial

    belief in the future increase of solid wealth from a particular series of transactions . Some of the Credits Mobiliers on the Continent will mobilize credit out of all existence ; the money ttirned will diminish at every turn , with nothing in tho place of it . The credit which we gain from the United States is purchased by us with the goods which ve send over to bo worn and used up by living men ; those living men employing the limbs which we help to warm , the hands which we furnish with tools , in growing for us good ,

    wholesome , pleasant-tasting bread . If we do not want the bread , they haxo the more for themselves ; and that is wealth in which man can never be too rich , bread , meat , food , pleasant clothing , and habitable houses . We should be all the richer , our commerce witli America would be all the greater and all the safer , if we used up more of our wealth in the direct reproductive form . Mr . Mecili showed them how , the other day , at Tiptree . On some of the worst hind in Essex , he has made one of the finest farms in the wholo world . For every 21 . of manure

    extra he obtains 4 Z . worth of corn . lie expends money in irrigation , and gets four good feedings off . his Italian , rye-grass in one yearfour and something more . " If all the farms in tho kingdom were cultivated after my method , " he said , " they would bo able to supply food to the wholo community without recourse being had to importation . " Tho merchant in manure may safely give Mjeciu credit to the extent of twico two pounds , and both will be tho richer by the transaction . The dealer in agricultural tools may safely give credit to Mr . MECKi , for thotoola lodged with Mbciii will bring far more than their own worth , and both will be the richer for the

    investment . Neither you nor wo who read and write , can at once alter tho current of commerce by noting theso facts . AVo must put up with tho drain upon our cash-box , brought upon us by tho synthetic German imitations of fYench beginnings in tho credit line . Wo must pay tho price that corn-donlers wantonly iulhct he

    upon us , wlulo they last . We must content to seo beggarly Englishmen walking about boggarly land . But , as tho knowledge and understanding of facts expand , op inion forms ; genuine credit will extend , fulao credit will be seen through , riches will bo dill used , and wo shall attain to that height of wisdom which consists in knowing our own interest . Some folks indood think wo do so already !—with Spain , tho miller , M . Peweihw and lutf Gormau-ailvor cbuutorfoib laughing at us

    The Itarce Of Frome. Who Nuulo Sir Willi...

    THE ITARCE OF FROME . Who nuulo Sir William Williams Member for Caluo ? Tho Marquis of ! La . nS-

• Citation
  • Leader (1850-1860), July 26, 1856, page 14, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_26071856/page/14/