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    with Austria , that ought not to reduce the value of public securities below the leirel at which they stood during the "Russian campaign , and to drive down Bank Stock—the most solid of all investments—7 per cent ., as is actually the case .. For never before did a prospect produce more than the reality . TVe must look elsewhere for the causes of the panic They will be found , I believe , in the character of the Government itself , and in the general belief of its unstableness . Whatever may be the personal merits of the Emperor they are no guarantees for the existence of the Empire . So long , as life and the full vigour of his intellectual faculties are Vouchsafed him he may maintain the system established in 1851 . But should either of these fail , men have very

    little confidence in the harmony of a regency necessary to ensme its duration . Although no opposition may appear upon the surface , it is latent , biding its time and cherishing its revenge .. The present regime is popular because it is , and therefore the source of emolument and place , but it has struck down no roots into the soil of France , since it is nothing more than Bonapartism , the idolatrpus worship of the sayings and doings of one man . Next to this instinct of the unsoundness of the system must be placed , as one of the causes of the panic , the wide-spread belief that there is a great deal of coquetting going on with the revolution . The partisans of rational liberty and of constitutional government are found -to be invulnerable alike to the blandishments and to the

    threats of power . They will neither conie over not allow others to go to them . So it is thought a clever piece of policy to call up the worst spirit of revolution , and to set it upon the lovers of freedom in order that while the two parties are harrying each otherj and people terrified by the horrible phantom of a red republic , the Empire may hold its own . Unfortunately for the success of this measure men will see arid judge for themselves . They perceive that if Prince Napoleon enters into correspondence with M . Hubert—the man who toppled the President of the National Assembly from his chair on the loth May , and leaped into his seat—and sends him on a confidential' mission to Algeria , he must give strength to the party and encourage hopes which

    are believed dangerous to society . Experience teaches that no man can toy with revolution . Her dalliances are deadly , her embraces mortal ; arid' those who think to use her for their purpose but arm her against themselves ; Philippe Egalit ^ fatuously imagined he had charmed her to place the . crown upon his brows , but she carried his head beneath the knife on the Place de la Revolution . Cannot his successor in the Palais Royal learn from his fate , the danger of pursuing his policy ? The Italian part of the question has , I really think , but very little to do with the present state of-things . of

    Were Victor Etntnanuel to proclaim himself King Italy to-morrow , and obtain the assistance of 40 , 000 French soldiers to expel the Austrians from Lombardy and Venetia , it would not create a panic , especially when it is understood that England and Russia would remain neutral . Oh the contrary , most Frenchmen would see in such a programme employment for the army—a safety-valve for the escape of turbulent spirits from . the earth , and a prospect of increasing French territory by accepting from Sardinia the concession of Savoy . .

    The true cause of the panic is the unsoundness of French finance , and the extravagant notions entertained with regard to credit . The expenditure is so great that another loan is believed to be inevitable , as the necessities of Che State are made day by day more apparent . Accounts are carried over from year to year , and in order to postpone payments , the bills of contractors during the Crimean war are subjected to investigation by a commission . Nor is it Government alone that is so needy and importunate a borrower . All the groat

    provincial cities have been permitted to borrow money to carry out public works with a view to give employment to the working classes . Besides the immense sums already « xpended by the city of Pariu , the municipality is to form a new building fund of 400 , 000 * . by charging it to future revenue , and has been moreover authorised , by a decree of the 6 th instant , to borrow 60 O , OQ 0 f . Where there are such a reckless expenditure , such improvident ; mortgaging of future resources , and so little political stability , the occurrence of panic ceases to be a matter of wonder and astonishment ,

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    THE GREAT DODD AND CULLENFORD CONTROVERSY . A meeting of subscribers to the Rojal Dramatic College took place on Wednesday at the Adelphi Theatre , under the presidency of Lord Tenterden , when it was announced that the donations received amounted to 2930 / ., arid that subscriptions to the extent of 250 / . per annum had been promised . The Provisional Committee were voted the thanks of the

    society for their valuable services , confirmed in their offices , and , at the same time , we are sorry to observe , permitted , without contradiction , to indulge in most ungenerous aspersion of the spirited parent of the scheme . We were , of course , prepared by rumour to learn that the sanction of the subscribers would be invited to the severance of all relations between the society and Mr . Henry Dodd , on the strength of that gentleman ' s alleged breach of faith . We had . been informed that the Executive Committee had washed their hands of him , and had re used him p list of subscribers he sought with a view to his

    justification . But we were quite unprepared ; before we compared his published " Correspondence" with their published " Report , " to find upon what insu fficient grounds they have dared publicly to impugn his honour , and to question his charity . The society have , however , blindly sanctioned . the acts of their Committee , the connexion is terminated , and with it may depart the prospect of much future advantage to the charity from the same source . But the truth must be spoken : Mr . Dodd is an ill-used man . He it was who started . the project of the Dramatic College or home for poor actors . It was

    lie whose first offer of two and a half acres of good land was enthusiastically responded to . When that offer was doubled , he was a finer fellow still . lie offered one hundred pounds' worth of bricks . Still he was well .. He talked about other gifts , and being possibly a . rich elderly character with little occupation , evidently liop ' , if permitted , to do n , great deal for the institution . But after a life of toil and saving our capitalist was naturally a little timi < l , and desiring to be just as well as generous , he has chanced to gall the pride of one or two gentlemen who would tolerate no other view of their mutual

    relations , than that Dodd's business was to give , and theirs to spend . Dodd is the man of real property , practical and business-like . The Committee arc men of stage properties , impracticable and unbusiness-likc . They entered heartily into the theatrical exhibition of fast summer , when Dodd was a rich and mysterious stranger in the Thespian camp j but , from the hour ho showed the usual symptoms of substantiality , they chafed at the Unison ^ Thoroughly acquainted with the " heavy" lino of business in all shades , they yet refused to recognise the oapacity or peculiarities of their now acquisition . * lvlh _« *\ ^ 4 > . j ^* b . * .. ¦»* . _ Jm I X I . m ¦« A fc ^ «* h < h # 1 A 1 ^ H fc-t «•*« ill f \ f \ f * k W ^ miituiuuu ium

    ^^ ^^ ** ^* J-iiuy uuifijiwiiuu lu jutvu « [ m n » u - Eany , and accordingly cast Dodd for the pnrt . iut when he demurred to being cased of his possessions , with the usual placidity of that inuchput-upou personage , thoy abuaodhim lbv not playing fairly , throw the loaves and fishes at his hciul , and hustled him off the stage as an impostor . Muoh stross is laid in the report rend on Wednesday last upon tho alleged unconditional nnluro of Dodd ' a onginal offer . But unless a doouincnfc now before us , dated 10 th Novombor , 1 . 85 S , and

    purporting to be signed by Mr . Cullonfonl , the secrotary , is a base fabrication , tho said Commit I co wore not onl y woll aware , all along , that certain conditions ana stipulations would , bo prossotj , but also deliberately fcopt tho publio mooting of Jul . y the 21 st in ignorance of thorn . Tho settlement oi tho deed of gift or cpnvoyanco appears to liayo been lo . fl ; by Mr . Dodd very nmoh to a oortaiu Mr . Maophail , a solioitor . This gontloman ' s correspondence contrasts vory favourably with that ok too Provisional Committee . Tho former is sensible , earnest , a . ud kindly j tho lattor scorns Ungou wllu

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    Lucre . —A Vienna letter says : •? M . Pollack , an unlicensed broker on ' Change , won 260 , p 00 rl . ( 26 , 000 * . ) , 4 O , OOQ 0 . OQQOf . ) , and 400 fl . ( 40 / . ) , at the drawing of the Credit Bank lottery on the 3 rd inetant . M . Pollack is a Jew , and the elders of the Hebrew community have already obtained a donation of 800 / . from him . An acquaintance of mine , who sold tho edrie to Pollaok , yesterday dryly remarked that the jnan had never before given any proof of talent . " TflTH CoAt . wiUPX » miR 9 . — -A great demonstration of these hardworking men was held at Sussex Hall on Thursday . Their grievances and their demands for legislative redress were very ably explained by Canon Champneya and several of' their own number . They complain of the manner in which tho middleman system presses upon them , inasmuch as N > compels thpm to spend a considerable portion of their wages in compulsory drink in publlc-housea .

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    THE GRAPHIC SOCIETY . The second conversazione for the j » rescnfc season of this interesting body was held on Wednesday evening , by the enlightened permission of the London University authorities , in the handsome library of that institution . . A large number of celebrities and notabilities connected with the fine arts were of coarse present , and , as usual , the charming opportunity of cementing and forming acquaintances was so heartily embraced by the numerous members and the visitors of their introduction , that the spacious

    apartment presented , at one period of the evening , very much the appearance of a huge ant-hill . The walls were hung , and the ample library tables covered , with meritorious fine-art productions , kindly exhibited for the pleasure of the company by members and amateurs , and these attracted successive groups of admiring gazers . Mr . Sant's " Due d ' Aumale , " Mr . Baxter ' s delicious trio of female heads , and Mr . J . Deffett Francis ' s masterly drawing o SeHora Perea ; Nena , were the most remarkable efforts of portraiture exhibited . Mr . Thurston Thompson ' s gigantesque photographs of heads from Raffaelle ' s cartoons were the marvel of the evening , and Mr . T . M . Richardson ' s' splendid portfolio of water-colour views in the Highlands its most generally interesting feature . A " Barber ' s Shop in

    Brittany , " by Mr . A . Solomon , which will no doubt hereafter take a place on the Academy walls , cannot be more than mentioned in the space at our disposal ; and the same remark must apply perforce to at least a dozen of Mr . James Holland ' s powerful morcectux exhibited , not by the artist , ; but by their gratified proprietors . A highly-finished rustic scene , with a lovely fi gure , by Miv F . Topham ; a wheatfield , by-Linnell ; Mr . M'Kewan ' s folio of watercolour sketches from Wales and the North ; and Miss Claxtoh ' s " Old Maiden ' s Progress , " were all much noticed , and each , according to its . degree , admired . Along the eastern end of the apartment were ranged several of Mr . Owen Jones ' s designs f or the People ' s PalacQ at MuswelMiill , and it is ha , rdly necessary to add that they stood out boldly among the more imaginative works in their

    vi-THE PHOTOGRAPHIC SOCIETY . The sixth annual exhibition of the Photographic Society is now open in the large room of the Society of British Artists , in Suffolk-street , Ball-Mall . The great objects of attraction are the large photographs of Caldesi , and Montecchi , and Mr . Thuraton Thompson , from the cartoons at Hampton Court . The most artistical works are the composed figure subjects , by Mr . H . O . Robinson , Mr . Roger Fenton ,

    and Mr . Delferrier . Very pleasing copies of works by Raphael * Leonardo da Vinci , Caraqci , Paul Delaroche , Philip , and others , are shown by various wellknown artists and manufacturers in photography . When we say that the whole collection numbers upwards of six hundred , works , our readers will at pnee jump to the same conclusion as ourselves , that , while there is much to condemn and to ignore in it , there must also be more than enough to repay the most fastidious critic for one or two visits .

    EXHIBITION OV 1861 . The council of the Society of Arts are moving energetically in the matter of the proposed Exhibition of 1861 , The Crystal Palace Company , although opposed by the courtier advocates of South Kensington , are not yet without hop © of being allowed to house the treasures of the world on that occasion . Of the two inaccessibilities , we are induced , priindjhoie , to prefer that which has a palace ready built upon it to that where all has to be done . There are plenty of ways of upending for the public

    benefit the vast sum an exhibition building at Kensington would cost ; many better ways of devoting such a sum to fine-art purposes . We regret to observe the continued now of art-treasures to this Brompton seclusion , which scorns dictated , not in favour of , but in spite of , the public . It is rumoured that the "Boilers" are agape for the East India Company ' s superb collection , now one of the few ornaments of the City . We hope thoy will yet bo denied the tempting morsel , and that tho old ladies and young gentlemen of tho east will still have a gratis museum within a day ' s march of their homes .

    CRYSTAt , PALACE AUT UNION . Wo have in former numbers devoted so much space to argument in favour of this project , that wo need now only congratulate tho public on its proximate realisation and oursolvoB upon tho keenness of perception whioh led us to recognise its advantages and espouse jits formation when as yet it had comparatively few friends . Specimens of tho works

    proposed for distribution are now on view at the Palace , and form of themselves a most attractive exhibition .

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    We are glad to note that Mr . Blake will move , early in the ensuing session , for a select committee to sift the Art and Science Department and its management . We read in the columns of a daily contemporary that ten pieces of very interesting antique mosaic have reached the Louvre from Athens .

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    86 THE LEADER . [ No . 460 , January 15 , 1859 .

• Citation
  • Leader (1850-1860), Jan. 15, 1859, page 86, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2277/page/22/