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    THE POPE IN JERUSALEM. accounts from t that

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    L ATE Pasquin , aRome , centre of pure religion , announce the intention of the Pope to appoint a Bishop of the Dead Sea and a ¦ Cardinal of Gomorrah . Coupled with this startling intelligence comes a truer rumour of a still more surprising nature . We are informed that at the great gathering of the Easter pilgrims at Marseilles , and prior to the starting of the ragged crusade of those fanatics for the Holy Land , a proposition of the Pope ' s retirement to Jerusalem , was seriously discussed among the dignitaries of the French Ilomau Catholic party . By a large majority of the more zealous , it was pronounced feasible , and the . plan . may now be considered as the adherentsIt * ¦

    fixed expedient of an influential party of Papal . was actually proposed to make Jerusalem , and not Home , the papal capital . Weary of Italian turbulence and of French intrigues , the Pope himself may , for all we know , be a party to this daring and novel scheme , which if carried out ; ¦ unimpeded Uy the European powers , would be the commencement of an ^ eclesiastieal revolution , such as the world has not witnessed since the appearance of Wycliff ,. or the Avatar of LutIiku . Kome would again become a desert , tenanted only by staring travellers and the jabbering spectres of monks ; the East would again be the seat of religious power , and the anchovy-sauce blood of St . jANUABits would boil , unheeded by any but a few half-savage fishermen . There can be no doubt that when the PpvE left

    Europe all civilization worth mentioning would flow back again to the East , its first source . In another century from that terrible exodus , Englishman and Hottentot would be synonymous . A i ^ oe tic frensy seizes us as we think of the Pope's departure from ungrateful Europe . He will sail , not in St . Peteu's bark , for that is rather wormreatcn and leaky , but in a tremendous sac-fed three-decker , built of the wood of the true Cross . The helm will-bo made of the wooden leg of St . Eakaubas , and the ten thousand munnny virgins , battened down in the hold , will supersede the necessity of all life-boats and cork jackets . AH the metal of that miraculous bark will be forged from the wheel on . which . St .. Catherine wasput to death , and the rigging will be woven from St . Cecilta's harp-sti-ings . The chief ornament of the state cabin will be the three beads of St . Denis ; and

    no expense will be spared in procuring the most warranted relics , and the feather beds will be stuffed with plumes from the birds of Paradise . The Pope , it is said , hearing of no relic that could stop seasickness , had expx-essed a wish tohave the Baldachino from St . Peter ' s erected on tlie quarter deck into a sort of open-air cabin , but the project lias been abandoned on account of the enormous weight of the canopy . The papal keys , a little corroded by beinir on . the shelf near a box of Bo ' kcua poisons , are ( o be

    scoured before the departure ; and to symbolize the new dominion in the East , Cardinal Antonblli has proposed to add a fourth crown to the papal tiara , or Corona ataUltup , as sonic call it from its peculiar conical shape . It is said that n fleet of transports laden with winking Virgins and bleeding images will follow the Pope ' s great vessel , and that it is proposed to carry off from Home , after first numbering the stones , the tomb of 3 iv Peter and the holy stairs . ' It-will " be a

    great wrench for the Holy Father to leave the sacred city , —of that there caix be no doubt , * The trcasuve-house of art , the nursery of Christianity , where the first martyrs b | od , and the saints and apostles preached ; the scene of so many miracles , of such holy dec < ls , of such pious deaths , of so many virtues , of so few crimes . But let it comfort the good man that in going to the other side of Jordan , ho goes to an ecclesiastical Eden—to scenes of even more miracles—to the spot the holiest and most consecrated in the Word . He can found new customs and erentc new titles ;

    the Dead Sea will now have its efficient bishop , and ( . imiiorrah its learned cardinal ; there cow be crusades against the Arabs of Edom , and the caravans can carry forth newly made relics to tho furthest parts pf . tjio favoured earth . Thnt great feast of the Church —the Carnival , can bo revived with new attractions and Eastern drosses ; and now , unimpeded by European conventions , a snug set of rooms for the Inquisition can be erected on Mount Morinh , with attached dungeons , cool and quiet , in the tombs of the kins 8 Ul tlip valloy of Johosaplmt . Thia institution , improved by hints drawn from the ibolishry-aboHshccl ! 3 tur-ehniril > er of that groat divine Jjimn , and the Gorman Jiehn . "OorlchL is well adapted io meet the wants of the new converts , who would Hock in from the furthest regions of the Mast . Tho Swiss guards , to meet the times , will wear » costume Iwlf Janissary and half

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    April 14 , 1 S 6 Q . J ^ 347

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    There can , however , be no doubt that the currency will come largely into use . As soon as notes are in the hands of the independent Cominissioners , they are to exchange them with the Treasury for an equal amount of coin ; and the Treasury is from iihat time to pay all demands on it , except sums less than ten shillino-s in notes . This will at once place notes to a large amount in circulation , and successive issues by tlie Treasury will at least cause as many to be used as will be required for all its receipts and payments . Notes are , in many respects , so much superior to coin , especially for making large payments , that they will everywhere come into extensive use , unless restricted or prohibited . At each Presidency , in fact , there exists already a partial paper-currency , issued by the Banks of Bengal , Madras , and Bombay , and the Government plan necessarily stops them from doing what it undertakes to do . It has to make an ^ arrangement with these banks for-Withdrawing , their notes from circulation . We know no examp le of a Government undertaking to supply such a currency , and unable to get it into circulation . The difficulty has always been to limit the amount ; the danger arising from such a currency has always come from its excess , not from its deficiency . Tlie practical testimony of all civilized . people is in favour of pa per promises to pay , us subsidiary to , and the means of making actual payment ; and we cannot for one moment doubt that her Majesty ' s Government in India will be able to substitute , to a very great extent , a paper currency foivthe silver now in use in Hindostaiu The notes for live and ten rupees will exclude a multitude of coins from common use . Another matter equally clear is that these currency boards , jj liief and subordinate ' , wholly different from and independent of . any revenue or other boards , whether district or metropolitan , will constitute a very large addition to the staff of tlie civil service of India , and to the patronage of the Government . Men \ yho handle money must be well paid to keep them honest , and the chief and subordinate commissioners will no doubt have large salaries . All the staff , therefore , will require to be paid for . doing that which the Banks of Bengal , Bombay , and Madras are now doing with a profit to themselves , and might if allowed do gradually and successfully for all llindpstan . Private bankers or companies of bankers dp this for all Scotland . Nor does it appear likely , if the strict provision of keeping on hand coin to the value of one-third of the sum issued as notes be observed , that the Government will gain largely by the issue , beyond the additional loan it will at once contract by exchanging its promises to pay for coin . Sir Charles Wood even anticipates a loss . All the profit which Mr . Wilson sets forth is confined , -we think , to the- reduction of the debt which will take place in another direction . Government securities purchased by the coin for which notes are substituted will be kept at a higher figure . A portion of the Indian debtwill . be absorbed by the Issue department , and the dividends on the securities it holds will constitute , us far as we can sec , its only profit . The Bank of England , does not pay dividends by its issue department , exclusive as are its privileges , but by its banking business . ¦ Other bank ' s which do not issue notes make larger profit , in proportion to their capital , than the Bank of Englaud . Not at present to enter nt large into the princip les which are at issue between this plan and free banking , we content ourselves wit , h observing that there is no . ' -example of a State pnper-curjrency not having- been " tampered with by the Government of the day" when that suited its purposes . -Every continental state of Europe supplies an example of such a currency tampered with , bringing oh the confiding people through many , years greater disasters than " storm , pestilence , and famine . " Nor is our country an exception . Our Government has frequently < ¦ ' tampered" with tlie Bank circulation , and was tho real author of much Of the fraud and forgery and misery , which prevailed for many years , when for its own purposes it relieved the Bank from the obligation , written and printed on every one of its notes , to pay the bearer on demand . Even since it was brought to book by an honest and intelligent people for this malversation , and forced to recognise the duty of fulfilling expressed obligations , it has not hesitated to suspend for the behoof of the Bank its own very positive enactments . To save that establishment it promised ail indemnity in 18-17 , and it again relieved it from its legal obligations in 185 7- We do not condemn the suspension 'pr the abrogation of a bad law ; but wo say tlmt the class of men who did this iu 1847 and 1857 , imd the present Secretary for India was Chancellor of the Exchequer in 1857 , will never -bogglo at suspending or abrogating the law iu India , passed to , secure the convertibility of the note , when that may bo required by any fancied state necessity , They did it here when only the jBank was in danger , and they will not hesitate to do it iu India Af they think the Government endangered . We are sure , therefore , that a State papor-currenpy has not and ennuot have

    guarantees for its instant and constant convertibility into coin , equal to those of a currency of notes provided by bankers , such as has existed in Scotland without . forgeries or failures of any importance for . more than a century . . .

    The Pope In Jerusalem. Accounts From T That

    accounts from t that THE POPE IN JERUSALEM . . «• . " ! ¦¦ " i -TV ¦ . 1 I ¦ _ ¦

• Citation
  • Leader (1850-1860), April 14, 1860, page 347, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2342/page/7/