On this page
- Departments (3)
- Adverts (15)
-
Text (8)
-
< -THE.-ffi^ ^ ;_ ;A?^.".i- 2 -^ 1 - 8 ^...
-
RICHABDSOX,. MANUFACTURING CUTLER,
-
ArpAixixf} Acoidest. — On Tuesday evening a most appalling- event happened on board the Moon-
-
shine steamer, Avhich runs from London-b...
-
CO-OPERATIVE LAND'SOCIETY. I hereby dire...
-
IHE NORTHERN STAR SATURDAY. AUGUST 23, 1545.
-
TIIE ROCK A-IIEAD! WHAT WILL "SPECULATIO...
-
.THE PROSPECTS OF THE HARVEST. Tins, too...
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.
-
-
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.-Ffi^ ^ ;_ ;A?^.".I- 2 -^ 1 - 8 ^...
< -THE _.-ffi _^ _^ ;_ ; _A _?^ _. _" _. i- - _^ - _^ _y '
Richabdsox,. Manufacturing Cutler,
RICHABDSOX ,. MANUFACTURING CUTLER ,
Ad00405
ESTABLISHED 1 S 05 , Sear the Church , Kensington . GARDENERS' Pruning , Grafthuj , and Building KnWes in Sheath , ls . Cd . each ; shut ditto , 3 s . each . "These knives are made of the best materials ; I al . _¦^ _a-rs u se them . "—IT * the late Win . _Cohbett in Jus Bag _Uti Gardener . Bakes , Hoe « , and Gardening Tools of every desenption . Jest made _ItaroTS , Black Handles , Cs . the case , or Ss . eich ; mounted in Ivory and Silver ditto , 10 s . the case , or _* s . _each _- , Good Black Handled Knives and Forks , ? 2 s . Tier Dozen ; Ivory Handled Ditto equally reasonable . JtlCnAEDiOJi ' * _XSWLT-INVEKTED KMFE BOABDS , _VSrlactctl to icep knives with a good eaxe and -clean , and also to give th _« forks n fine polish between the _prongs . _Three-f » ot Boards , cased with Leather and _Cntlors' Ccnn--nogdon . Ss . 6 d . each ; Gardeners' Ditto , 2 s . By enclosing _» _PastJufnee order prompt attention may bo relied on . <; oods sent to any psrt of the world . 5 . B . _"HVholfcfalc and ItctaiL
Ad00406
COALS . PROVIDE FOR WINTER . PROVIDENT FAMILIES , _siibjcrihing _li . per weelt to Ihe Metropolitan Coal Company ' _s Shilling Club , can _« btain four half ton * annually , without further charge , ikies , & c . Tlie Company ' s price current is , Best Screened Wallsend , Ss- per fid ! ton ; Seconds , 21 _s „ 22 s ., _zudSis ; Coke , ] 7 s . Cd-Office . 279 , High Holborn .
Ad00407
CHEAP , _ElEGAKT , _AT 3 D EXP 3 _DXTI 0 U 3 PRINTING . COMMITTEES , _Ksnagers of Exhibitions , Coneerirooms , Theatre . * , 1 _' enentSocieties , and _jiuhlic bodies _generally , will find it much to tlieir advantage to give their orders to T . STUTTER , ' 3 nml 4 , Cfcurch-row , Bethnal-grcen , Loudon . Cards , ls . per hundred ; Handtills , by taking twenty thousand , 2 s . per thousand ; _Post-Ti _£ -bills , 5 s . per hundred . Orders from this country , _containing a remittance , promptly attended to . Goods celivercd within five miles of London . Give your orders to T . Stutter , 3 and 4 , Church-row , Bethnnl-sreen , and save at lcast fifty per cent .
Ad00408
A HINT TO TIIE ECONOMICAL . Thing per cent , sattd . AJJL Persons who wish to save their monor , will juirchase their HATS at DUXN'S _MANUFACTORY , 52 , _Chiswell-slrett , Finslrary , where tbcr » is only one _j-rofit from the maker ' s hand to tha wearer ' s head . Siifc Hats from 2 s . 3 d ., Heaver ditto from Ss . Cd . All goods _-warranted to he raa . de irom the best materials .
Ad00409
LIGHT , VENTILATING , FLEXIBLE VELVET HATS , 13 s . _PEUMXG'S Patent Tentilating , Flexible Hate may be obtained iu Beaver , Silk , and Velvet , from Ss . Gd . to 21 s ., in upwards of one hundred different shapes , to suit _contour . Also the best Livery Hats at lCs . ; Youths' and Gentlemen ' s Hats and Caps of every description . —CECIL BOUSE , 85 , Strand , and 251 , P . cgent-strcct . t _3 _? Copy thc address , and buy where you can be well used .
Ad00410
GENUINE TEAS AND COFFEES FOR THE MILLION . The cheapest place in London for Teas and Coffees is at the 'Warehouse , 24 and 25 , Regent Street , Westminster , near the _Yauxhall Bridge Road . rr _< HE Proprietor , E . "WARMIXGTOX , takes this oppor . JL tunitj to return thanks for the liberal support he has received since he opened the above premises ; and to those _tvLo liavcnot yet favoured him witli thcirpatronage , E . W . _anost strongly solicits a trial , feeling assured that the ar-¦ Udes sold at the warehouse , both in price and quality , -vsfll give universal satisfaction . Goods in any quantity sent free to all parts of London and the suburbs ; and -persons in the country , by remitting a Post-office order , Trill find their instrr . ctiens faithfully attended to . LIST OF PRICES . ElaclcZTecs . s . _di s . d . _ojnmon Congou 5 0 to 3 - _Cooil ordinary , rather strong 3 4 to 3 6 Strong Blackish Leaf 3 8 to 310 Ditto , or Pekoe Flavour , recommended to _^ Economists , and not to be equalled 3 t the pries 4 0 Souchong , Fine . 4 4 to 4 6 Thehest Black Tea 4 S to 5 0 JJeing recommended from the best shipments . Green Teas . Twankaj 3 6 Better ditto . S S to S 10 Hyson Twankay 4 0 to 4 4 Fine Young Hyson 4 8 to 5 0 Hyson ... ™ .... a 0 to 5 4 Ditto , Fine Flavoured 5 S to u 0 jrine Pearl Gunpowder ..................... 5 S to C O iKxed Tew . To drinkersof Mixed Teas we say , try our 4 0 Orour _eplcndid mixture of all Fine Teas 5 0 Ccffcts . Ordinary Ceylon 1 0 to 1 2 The People ' s Coffee 1 4 Old Java 1 C Pine Mocha , Jamaica , or any other fine Coffee , strongly recommended 18 3 » . E . Grocers , ( Vote-shop Keepers , Co-operative Stores , an Jail large _cousumsrs supplied on themost liberal terms .
Ad00411
KOTICE TO _EHIffKASTS . THE Undersigned continue to _engage Passengers for First-Class Fast-Sailing AMERICAN 'PACKET SHITS , whica average from 1 O 0 O to 1300 Tons , for the _following Ports . vi » . : — HEW YORK , I BOSTON ' , PHILADELPHIA , XEV 7 ORLEANS , _BALTIMORE , | BRITISH AMERICA , & c . Emigrants in tha country ca . * engage passage by letter addressed as underneath ; 3 m Trb-ch case the _; need not be inlaverpooluntil the day before the Ship is to sail ; and 1 facy will thereby avoid detention and other expenses , besides securing a tlittptr passage , and having the best iwrtli * allotted to tiiem previous to their arrivaL For ifcrther particulars apply , } wt-paid , to JAMES _BSCKETT & SON . North End Prince's Dock , Liverpool
Ad00412
TO THE WORKING CLASSES . IMPORTANT TESTIMONIAL . •¦ We are always gratified in noticing tlie laudable exertions of the industrious and provident among our fellow-labourers in the social vineyard , to avert from themselves and families , as far as human _foresightuiay do , thc calamities attendant upon an old age of destitution , or a period of wearisome inactivity and _uscless--cess , througli sickness or accident ; and we will venture to say , that up to the extreme limit of what is called the . middle class of society , there is no method so likely to attain tlie object as the institution of securely based and judiciously regulated Benefit Societies . Ouratteniion was some time since called to the subject by the _jiroceedings of one accordant with our views , enrolled under the title of « TIIE ROYAL OAK BENEFIT SOCIETY , ' and established at tlie Mitre Tavern , St . _Jiartin ' s-liiic . The advantages proposed to the mein"bers appear to be calculated npon a scale of liberality —that requires and deserves _extensive support . From -the result of our examination of their rales , and tlie satisfactory explanations given as regards their practical operations , we do not now hesitate to recommend the society to every industrious and prudent man as liiglily deserving attention , whether viewed witli _leference to its immediate or its prospective advantages . "Weekly _Cltronkle , March , 1 S 38 .
Ad00413
In the Press , and wiU be published at the lotto end of September , THE POOR MAX'S COMPANION : or , Political Almanack for IMS . By _. _losnui _Hossejj . This year ' s number of thc popular Chartist Annual will contain a fail , history , —aud solution of the H _; st _« ry , _—oi Pf . per Money , thc National Debt , and overwhelming taxation ; together with an oxposcre of the fraud intended by those who 6 cek for a new and unlimited issue of Paper Money . The justice and reasonableness of Equitable Adjcfthest over all other schemes of _Jfonftary Reform , trill also be made apparent , Thc Companion will be published by the usual publishers .
Ad00414
COLOSSEUM . PATRONI SED and visitbd by her Most Gracious MAJE 3 TY and kis Royal Highness Prince ALBERT . OPEN DAILY . from Ten till Six . Pronounced by the Press , and confirmed by every visitor to be the mn .- > t perfect triumph of Art in its various branches , both by Bay and -Night , that has ever bceu arluevcd . Eipial to sis _cvliibitioiis . Tlie Glyptothcra , containing works of thu . first artists ; Mont Bhnic and Mountain Torrents , Superb Conservatories , Gothic Aviary , Classic Ruins and Fountains , ' -Panorama . of London , re-painted hy Mr . _Tarris , ie . Admittance , i » . Children , half-price . Tlie _StaUctito Caverns , the most magnificent , of all . the . temples which nature has built for herself in the regions of _night , Is . extra , EVENING EXHIBITION , Open from Eight till Eleven , consists of an entirely new panorama of London by night , erected in front ofthe day picture , the largest iu the world , comprising 40 , 000 square feet , projected and carried out by Mr . W . Bradwell , and painted hy Mr . Dur . son aud Mr . Tclbin . Thc Caverns , Mont Blanc , and Torrent l » y night , the Glyptothcca and refreshment saloon , brilliantly illuminated , _forming a promenade perfectly unique . The whole exhibition designed by Mr . Bradwell . Admission at the door 5 s . each . Family tickets to admit four persons , at is . each , to bc had at the North Lodge , Colosseum , from Ten to Six ; and at all thc principal Librari _-1 and Musicsillcrs .
Ad00415
THE variable state of the WEATHER has produced the numerous cases of low fever nud debility existing at present , nnd is a sure indication of habitual costiveness caused generally hy want of care Li attending to the state ofthe _digestive visceral organs . Tho only real remedy in such cases is LORD ELDOK'S APERIENT PILLS , which hare been the means of positive cure to many _thousands ; thoy are peculiarly adapted for persons of both sexes who are of sedentary habits , they arc _patronised by the nobility and gentry , ar . dara the mildest and most efficacious medicine extant . Sold in boxes at ls . Hd ., 2 s . 9 d ., and 4 s . Gd ., by Mcssrs . Barclay and Co ., 95 , Farrinsdon-strcet ; Sutton sad Co ., IO . How ' . Church-yard ; Newbury , 45 , and Edwards , 05 , St . Paul ' s ; Sanger . 150 , Oxford-street ; and by all _resectable Druggists aud Medicine Tenders in the kingdom ; nud wholesale at 13 , Great St . Thomas Apostle , London . TEST 1 S 10 SI . 1 I . TO _LOItD ELDOS ' s MILS . Si ? . —I have Kiusjected to a careful chemical analysis the Pills prepared by you , and find them to consist of effectual bnt safe aperients without any mercurial prcu & vation whatever . Yours . & c ., A . UUE , M . D ., F . R . S . 13 , Charlotte-street , Bedford-square , London .
Ad00416
The many thousands who cannot write , and aro anxious to learn , hut have no opportunities of getting instruction from a writing master , cut now TEACH THEMSELVES by _WIGHTMAX'S SELF-INSTRUCTING COPYBOOKS , each containing forty pages of large post . No . 1 contains strokes , pothooks , hangers , tho partial formation of all the letters in the alphabet , and the alphabet complete . No . 2 , joined letters , capitals , and figures . No . S , copies of text hand , round baud , and small hand . No . 4 , copies of single , or running hand . Price Sixpence each . Also Wightman ' s Universal Copy-Book , ruled any hand , nnd containing forty pages of good smooth paper , with new and complete Arithmetical Tables on the cover , Threepence each . Order them of your newsman , bookseller , or stationer . WIGIITMAN , Manufacturing Stationer and Writing Ink Maker , 17 and 18 , Douglas-street , _Yinceiit-square , Westminster . Country Dealers and the Trade supplied at the manufacturing prices _. Fob Case .
Ad00417
IMPORTANT TO TAILORS . Just pnblislied , price 3 s . fid ., the Fourth Edition of THE TAILOR'S DIRECTORY . . ' Containing anew system of Cutting all kinds of Coats , Vests , Trousers , Breeches . Gaiters , Youths' Dresses , ic , Cloaks , Capes , Habits , Box Coats , & c , with upwards of thirty figures illustrative of the same ; to which is added a complete Practical Treatise on the Art _of-Uaking up . By W . _Alkxan'DEB , late Practical Cutter in Paris , who warrants this to be his true and secret system . London : 3 . Gladdiug , 20 , City-road , opposite Bunhillfields . N . B . —Tho above Work can be Bent free per post , upon the remittance to the publisher of forty-six postage stamps .
Ad00418
TO THE SOCIAL REFORMERS AND TRADES UNIONISTS OF GREAT BRITAIN , CONTINENTAL EUROPE , AND THE UNITED STATES OF AMERICA . ROBERT OWEN , Founder of the Rational System of Society , haviDg taken hack the Copyright of his Weekly Journal , entitled the "NEW MORAL WORLD , " in consequence of certain alterations caused by the present position of the HARMONY HALL Experiment , has entrusted the Editorship thereof to MR . GEORGE ALEXANDER FLEMING , who has conducted the said paper for upwards of eight years , smd whose extensive experience aud long-triad services in the cause of Social Reform are confidently referred to as entitling him to the support of all who desire the Emancipation of tlie Labouring Classes . The "SEW MORAL WORLD" is Published weekly , Trice Twopence , and advocates Social , Moral , and Educational Changes for the benefit of all sects nnd classes in a Catholic and Unsectarian Spirit . Arrange meats have been made for imparting Variety and Iuterest to its Columns . Watson , No . 5 , Paul ' s-alley , Pntcrnostcr-row ; Cleave , Shoe-lane , London ; Hey wood , Oldham-strect _, Manchester ; Fraucc and Co ., Newcastle ; Robinson and Co ., Edinburgh ; and aR Ncwsvcnders .
Ad00419
JUST PUBLISHED , In one volume , foolscap Sro ., neat cloth , price 7 s , Gd ,, THE PURGATORY OF SUICIDES A Prison Rhymo ; in Ten Books : BY THOMAS COOPER THE CHARTIST . J . How , Publisher , 132 , Fleet-street . £ 2 * Orders from the Country to be sent through the Booksellers .
Arpaixixf} Acoidest. — On Tuesday Evening A Most Appalling- Event Happened On Board The Moon-
_ArpAixixf } _Acoidest . — On Tuesday evening a most appalling- event happened on board the Moon-
Shine Steamer, Avhich Runs From London-B...
shine steamer , Avhich runs from London-bridge to Chelsea , resulting , there is too much reason to fear , from the carelessness of those who had the management of the boat . Thc vessel had reached Hungcrford-briuge , from which place she was about to start when the accident took place . Thc captain had given word to go on a-head , when loud cries issued from that part of the vessel to let go the rope Avhich fastened her to another about leaving tiic pier for London-bridge . No one , however , attended to thc call . The boats being set in motion by the engines , went on as far as the rope would allow them ; and the result was , that a youth seated in the hows ofthe vessel , with his feet on the pile of the rope , was caught in its folds , and the two boats were not released until the rope had completely severed one of the poor fellow ' s legs from his body , and broken the other'in two places .
Slngulak axd Fatal Accident . —On Wednesday an inquest was held before Mr . Thomas Wakley , M . P ., atthe Shakespeare ' s Head , Perceval-street , Clerkemvell , on the body of Alfred Styles , an infant , eleven months old , who came by his death under the following singular circumstances : —It appeared from the evidence , that the father of the deceased is a joint finisher , and on Monday morning last , in order to keep thechijd out ofthe way , it was put to sleep in tic parlour , its bed being formed by two pillows and two _chaii-s . The child remaining quiet for some tme the servant girl entered thc room , and was _orror-struck at finding that during her absence the
child had awakened , and in moving about its bodyhad slipped through thc back rails ofthe chair , and had become suspended by the back of the head and chin , bcingjammed between the bars . Assistance was immediately procured , and Mr . Todd , a medical man , was called in . lie at once opened _thejugular vein , from which the blood flowed freely ; but the child was quite dead . The coroner commented on the singular nature of thc accident , and remarked that no blame appeared to be attached to any person , as children were often left alone in a similar manner without any accident occurring . Thejury returned a , verdict of " Accidental death . "
! Fatal Accident on _Rnrcnxixa from _Babxet Races . —On Tuesday last Mr . Henry Bromley , tlie landlord of the Brecknock Arms Tavern , New Camden Town , proceeded on horseback in the morning to Earnct races . On arriving at Holloway , on his return , his horse shied on turning an angle in the road , and became restive , darting forward , when Mr . B . was dislodged from his seat , and fell over its lieadon to some granite stone ? . Assistance was immediately rendered , and the deceased carried to a surgeon in the neighbourhood , where he was found to be frightfully cut and braised , r . nd to have _s ustained such severe interne ! injury as to cause his death very shortly afterwards . Thebody was subsequently _conyeycdjiome , to await a coroner s iiwuest .
Co-Operative Land'society. I Hereby Dire...
CO-OPERATIVE LAND'SOCIETY . I hereby direct that nil monies payable tome , as treasurer to ihe Chiirtist Co-operativo Lund Fund , must be transmitted as _follotvs : —Eithorby Bank order or Post-offioe oriJer , to the "care of . reargue O'Connor , Esq ., 310 Str ? _dd , London ; " _andj-xywolc _tonm , " Y 7 , P . _Kobcrtc . " That is , that my signature shall be required to each _ej-dcr . This direction is plain . For instance , say feat Edward llobson , of Ashton . lias HO to transmit ; 5 : eis to transmit the same to ' _-Hr . O'Connor , by Haul ; fetter or l ' ost-omee order , madey _^ iyaUcto W . P _. _Foberts That order I cau sign when T go t « Loudon , or . when n parcel of them are sent to me . TUo two only things required to secure the triumpliof Labour ' s battle aro , union _amonjj thc working-cla _^ _ser _, and undeviatinj _, ' honesty and puuctualitv on the part of those who have
the management of their affairs . I therefore nunnt this plan , that we may have upon each other as many salutary checks - as passible . 'This is advisable . us much for our _otvn mutual s : Uisl ' : ic ; irMi , us for the _satisfaction of the subscribers . 1 therefore request that these plain and _sioipla instructions maybe punctually _atterideil to in all cases . To save additional postage , each letter containing a money order , may also eoiit . _'iin a list of thc respective sums , and aH other information necessary for the general secretary , Mr . 'ft'hceler , to have- ; which letter Mr . O'Connor will duly forward to him . This cone , there can he no _puzzle about the accounts .
W . 1 * . _Itor-Ews , T _reasurer . All orders should be made payable at ISO , Strand , London . —W . P . 11 . fThe above mods has been , adapted at my _suggestion , in consequence of the endless trouble I have hud , owing to some parties sending _tiw Post-office orders payable to my order ; " and some to Jir . Roberts' order . Ob-Ecivnnce of thc above very simple rule will insure uniformity , satisfaction ,, nud . protection . There is a difficulty at the branch _Il _' _ost-oflu-cs about getting monies , when the orders are not signed by the persons to whom tlicy are made payable , _Feakcl's O'CeKXOn . ]
Ihe Northern Star Saturday. August 23, 1545.
IHE NORTHERN STAR SATURDAY . AUGUST 23 , 1545 .
Tiie Rock A-Iiead! What Will "Speculatio...
TIIE ROCK A-IIEAD ! WHAT WILL "SPECULATION" DO FOR U 3 ? Wfi offer no _apology for returning to the question ef Railway speculation . The extent to which this has gone , and the tremendous consequences involved in tho reaction sure to follow , render the subject all-important—one that ought to . be made familiar to all concerned—examined in all its _bearings—that the people may be prepared to meet the _comiajj evil in tho best manner possible . It is our purpose , on the present occasion , to show that past « xpcriciice does not warrant tlie high expectations of " benefit" indulged in by the projectors ofthe numerous lines of Railway , ' with which thov
have proposed lo intersect the United Kingdom ; that */ io return for former expenditures of capital has not been such as to warrant other similar expenditures , unless in certain special cases , if rc » iM . _ierotion to the subscribers is to bc hoped for ; and that the prices which Railway Shares , both of existing and projected lines , have lately "fetched" in the " market , " arc artificial and forced—such as cannot survive the furor of the present- speculative mania , but must come tumbling down faster than they went up , thc moment tho reaction commences , to the utter ruin of thousands , thc derangement of the " money market" generally , and the _consequent paralysaiion of all industrial _onerations .
The dreams that have been indulged in , by those whose minds have been seized by the MAD desire to become rich without labouring for riches , have been romantic indeed ! Looking at some four or five of the existing Vines of railways , where favourable situation and absence of competition have caused them to pat well , and , as a consequence , to legitimately en * hancc thc price of shares ; looking at these few e . vccptions to the general rule applicable to thc whole amount of present Railway investments , the raw speculator came to thc conclusion that he had only to subscribe his money for the making of a thing called a Railway , and that the result would be a certain DOUBLING OF ITS VALUE at once , as certainly
as that "London and Birminghams" arc at £ 22-5 . It is this desire ; this hope to obtain riches without labour ; this endeavour to become possessed of wealth without giving an equivalent for it : it is this desire that is at thc bottom of all tho gambling , vrc have seen , and all the bitter consequences wc are about to endure . And what foundation ' is there for such extravagant expectations ? What aro tho facts , as developed on former occasions , from former similar applications of capital , on which to ground such wild hopes ? Hcak the _axsivkk ! Hear it , from the mouth
of Lord Brougham , uttered as a learning some short time before the c _' . osingof the session . Hear it ; anil then judge of the prudence and wisdom of those who have risked their all ou the venture of " realising" a "fortune" in no time ! Hear it , and obtain some idea , as to fhe probable return for thc immense amount of capital now in course of " investment . " To warn thc reckless speculators , and co impart t them a knowledge of former results , Lord _Buougiiam strung together a number of striking and startling facts , in manner following : —
It the Government and the Legislature would take a more extensive and systematic view of these speculations , it vvould have the effect of clicokiiv , ; some ol them , ot preventing thc completion of others , and , it might be , stopping some which had been already adopted . He should not grieve at this , for ha iviis fully persuaded that they went too far , and thai before many months were over their heads a _nEACiio . v would take fuck , and that more or less ravaging and sweeping effects would occur to the commercial and monetary
interests of the country . Ho had done his dut y by addressing them in that place ; ho held it to be equally the duty of all good citizens having the means of addressing _^ others to avail themselves of those means ; and it was especially the duty of those in whose ham ' s was the public press of this country , hy which he meant the newspaper and periodical press , for every press was public—lie held it to be their duty as well as his own , to give timely and effectual teaming to thc community , and above all , to protect the
8 _AFETT OF INDIVIDUALS FKOM TIIE _FISENZV OF _SFKCUIATI 0 X , WUICII WAS DItlVlXG MEN TO DESTRUCTION . He must refer to the report of the committee of the other house as an especial warning to those persons who embarked a few hundreds ov _thousands ' , scraped together , perhaps , as the result of a long life , or possibly the saving of penurious and sober habits for half a life or more , which might be drawing to a close , when those means would be required as a provision for near and dear relations ; it was his ditty to refer to this , as a warning to those who were risking their ruin on the assurance that thc projectors told the truth , even if they could tell the truth , for they were often as much deceived as others iu their sanguine
expectations . Let them , listen , and sec what had been the results of speculations in railway chares . If in 1810 , or in 1 S 37 or 1 SGS ; orstill more , if 10 years prior to that period , any parties had been told that they would not make enormous fortunes by buying shares , they would have turned a deaf ear . They then talkcd , notof 5 , C , or 7 per cent ., —but never less than io oi' 20 _j > cre _« _Ht . would lethe result of every speculation in shares . YfuAT was tiik pact ? By the returns before them , they had thc average per ccntagc on the £ 32 , 000 , 000 worth of shares at the ori ginal price , though as many as had been bought at a premium , thc amount invested , instead of being .- £ 32 , 000 , 000 , would , in ail probability , be £ 42 . 000 . 000 . But the
average profit now received for these £ 32 , 000 , 000 , not ofthe lines that had failed , but of those that had succeeded , — fov lie had left out some who did not pay any dividend at all , —was , —not 20 per cent , nor 13 per cent . ; and it would formerl y have been difficult to have brought down expectation so low ; it would have been called so shabby an interest that it would not be worth a gentleman or gentlewoman ' s consideration—no such thing ; but o \ per cent , was the average profit per cent , of the whole £ 32 , 000 , 000 . That was tiik average of the whole . But suppose these unfortunate persons had taken part of £ 10 , 000 , 000 of these , the interest would not have been of , but less than 5 per cent . ; less interest
than the parties could have made- by lending their money to good bill brokers , or by investment in small mortgages of £ 500 , if they had paid a premium . Suppose they had taken part in £ 0 , 500 , 000 out oi the £ 10 , 000 , 000 , they would have got less than 3 per cent , j less than they could get by investment in the 3 per Cent . Consolidated Bank Annuities . Nay , they might have gone to a lower scale still . If any one had -ventured to say , that in somo ofthe railways the profits on these speculations would be under 2 per cent ., lie believed that he would have been met with the contempt of thc men and with the hysterics
of the women ; yet £ 2 , 000 , 000 had paid less than 2 percent . ; and , if the premiums were deducted , less still , and this after running- all risks of not being paid at all ! lie had looked through the returns , and found , that on the _stoch of 12 railroads no dividend laid been paid ; and on 12 others that the dividend had been only £ 1 lis . Od . per cent . There had been £ -12 , 000 , 000 paid up . When thc sharejobbers asked a maiden lady or a widow lady for her £ 5 , 000 or £ 0 , 000 , or when the poor clergyman , " who bad saved this sum to keep his daughters from the necessity of seeking _tituationa after his death , was applied to , these railway jobbers-speculators , he
meant—gave the most flourishing accounts ; they saidthat rlicre would never he mcru than £ per cent _, called rbr—that was one of their 'baits—or at the outsideW per cent . ; and that the ' shares-would get up , and so enable thc parties t * sell out , and double _theiiMi-oney , and bsrich for all the rest « f-their lives . Instead of having liad to pay up 10 per cent , they bad in most instances _paiii 100 per cent . Of thc &! 8 fi 8 Q , Q &) paid _tiium wkke £ ' - ' 5 , 500 , 000 which WOULD NOW SELL Foil _CONSIDERABLY LESS THAN AT
TKK _fflME WHEN' THE fil _/ _'MS WEKK _rlMlfl . £ 0 , 000 , 000 _out-of the £ 42 , 000 , 000 would sell for one-half what was paid , and £ 2 , 000 , 000 for one quarter ; so that _TliJi _I'AKTV "' WOULD ' ¦ OS 1 . Y _CE'X £ Ui A TBA 11 FOIt JUS £ J , 000 , _ixsTKAD'of £ 10 , which'he might have procured iu the Three per Cent . Consols . All that was necessary was an honest and cunseiontious warning to his fcl : _off-cit-ii _£ cns , especially to those who were not-wallowing in wealth , against indulging in this furor ot' . speculation .
i ' liBUE 1 There arc crumbs ' of eomfort for those who have risked all thoy possessed , in the vain hope f " realisingat least 20 per cent . ! " Let them look the facts above set forth fairly in . the face—let them consider on them , and ask themselves if they were justified in _secrking the golden needle in mh a bottle of hay ! ¦ There is amthcr mode of putting this question , as to thc probability of profit from tho contemplated investment of such au ' amount -of capital ; a mode happily adopted by the _Spcetatvr _, whose remarks we subjoin . ' " ' Thoy boar intimately ou tlie branch of the subject now under consideration , as the reader will find . Let the most sanguine " speculator"' s ; iy , whether he dare even to hope that the result herein set forth , as necessary to pay him even the . ordinary per _centiige , can ever _^ _be realised ? Tlie Spectator
says : — On a' moderate estimate , the railways already in existence and to be executed may be taken to cost ... £ 150 , 000 , 000 ' . Hie gross profit on that capita ! , at S percent ., would be 12 , 000 , 000 From which u deduction of 85 per cent , for expenses ( tho lowest expenditure of any _hu- _^ o company ) would amount to ... 2 . 4 . 200 , 000 Leaving the net _pvalit of ... ... 7 , 800 , 000 or not quite 5 | per cent , upon the capital . In otber words , to afford thc shurdwlders in aU our completed and projected railways a return of rctther less than 5 \ per cent , upon their outlay , tlk public wiift ammatly expend £ 12 , 000 , 000 , in railway _tntvel-Unq alone !!
Thc word " million" comes glibly from the tongue , but conveys no tangible image to the mind . Au effort is required to realise to the imagination the magnitude of the sum which must be annually spent on railway travelling to yield our speculators a moderate _profit on their capital . Let any one attempt distinctly and articulately to count aloud from one to a million ; he will find it hard work to enunciate on thc average one thousand numbers in the hour , and Avould consequently require 100 days for ten hours a day to count the million . The mechanical operation of telling over a million of sovereigns piece by _picc-i would occupy a full month , at tho rate of
3 , 600 an hour for ten hours a day . The joint earnings of 1 , ' _S-UO agricultural labourers with their 7 s . a wuckTor thirty years each , not a working-day left out , would be less than a million of pounds sterling . The joint earnings of 0-10 mechanics at 20 s . a week , toiling each as unremittingly during tho same period , would not amount to a million of pounds sterling . Tbe pay of ninety British general officers at £ 1 a day , would not in thirty years amount to a million of pounds sterling . So much of toil , and danger , and exposure to the elements—so much of patient , persevering , and more or loss skilful industry—so much of valour , and accomplishment , and high spirit , as represented by money—may be bought for a million of pounds sterling . "
And our railway projectors andspeeuhtors calculate _itpoii drawing twelve of these millions annually from the pockets of the public . In other words , they expect that 12 , 000 , 000 of people—half the population of the three _kingdoms , men , women , and children ( at lid . per mile)—will each travel 100 miles by railway every year , and pay them 20 s . ahead . Or they " expect that 1 , 000 , 000 people will travel 1 , 020 miles each in the course of the year , and pay thorn £ 12 a head . Or they expect that 120 , 000 people will each travel 10 , 000 miles by railway every year , and pay them £ 100 per head . Beit remembered , too , that , railway travelling constitutes but a fraction of tho whole annual travelling of the nation . Our railways existent and in projection , embraco not one-half of the surface and population of Great Britain ; and even
in the railway districts there is active competition from steam-boats , omnibuses , cabs , vans spring-cart ;? , ifec . The steam-boats of the Thames and thc Clyde carry more passengers than tho Greenwich , Blackwall , and Glasgow " and Greenock railways . In the great towns , not only the wealthier classes as a budge _jjf station and for amenity , bat tradesmen for professional purposes keep vehicles which when travellingon business or for pleasure they from sheer economy generally employ in preference to other modes of conveyance . Iu the rural districts , landowners and fanners do thc same . Again , the price of a railwayticket is only part of the outlay of the railway-traveller on conveyances . In most eases it implies the additional expense of short stage , cab , or bus , to convey him to and from the railway , or from one railway lo another .-
Our sanguine projectors and speculators pay little liccd to these considerations ; though the brokers , who are agents in the transfer of shares , often ask each other in wonderment , where all the travellers are to come from ? Put the question to any dabbler in railway stock , and he replies with an "Oh , with tlie increase of locomotive facilities travelling will increase indefinitely . " ' It may be so : hitherto the theory has held good ; yet there must bc some natural limit to the activity of tho principle . Men do not travel for travelling sake , but on business or for pleasure—to earn money , or to spend it ; and what possible facility will set men in motion where these motives are wanting ? The enormous amount of
money invested in railways would seem to imply that some classes of Englishmen arc expected to live on railways , as some classes of Chinese live on their canals ! To render those undertakings remunerative , a numerous portion of society would need , like the fabled birds of paradise , to keep always on the wing —to spend their lives darting from town to town with the velocity of swallows in a summer evening . The boldness and _extent of these aggregate undertakings convey a magnificent idea , ofthe resources and enterprise of Britain ; bnt their very maguitudc lies like a load on the imagination , while the incessant restlessness and swift movements tlicy presuppose in such a numerous class of thc community make the head giddy only to think of .
Need there be another word said ? Is not the adducing of fact as to the return for former " investment , " and the clear setting forth of the extent of travelling necessary to yield tlie income the present investments will call for to " realise" only in accord _, ancc with the formor ones , _Kulficient to show that the day-dreams of the reckless and the uninformed arc incapable . of ' realisation ? If it will require £ 12 , 000 , 000 to bo expended annually by the people of these three kingdoms , in Railway travelling alone , to yield the " investors" five per cent ., is it at all likely that thoy will ever touch the contemplated fifteen or twenty per cent . ? Thc fact is , that two-thirds of the schemes arc mere BUBBLES ! The projectors
of them never intend to construct the lines , nor even to seek for power to do so . They see thc mania for becoming rich through gambling thoroughly set in . 1 hey take advantage of that spirit ; and put forth all sorts of projects , —some of them as wild as an attempt to colonise the moon . No matter . The public mind Is in no condition to inquire . It runs madly after every bubble that is blown . No sooner is the most unlikely scheme named , than hosts of applications for " shares" shower in on the self-constituted Directory . Tha deposits arc paid . These the Directors "fob ;" _exiicnd them in surveys , plans , buyiug down opposition , and in lawyers' charges . Meantime the shares arc in the market . Tho reckless desire on the part of the " traffickers" to " do business , " that they may realize their"fortunes , " induces them to dabble in everything that comes to hand . The unnatural
amount of business thus transacted forces up the prices of all shares in the market . In a rising market somebody will pocket money . To get their share of this , others flock in , and buy , and buy , and sell , and sell away . Prices again go up ; and so on , until the reverse comes—when down they go—and the unfortunate " holders " at the lime . sustain the loss ! Amidst the woe and wailing everywhere abounding , the projected " lines" are forgotten—suffered to drop out of recollection . The Directory have " spent " the deposits ; they have nothing : to go to Parliament with ; the shares are at a discount in thc market : and thus thc BUBBLE ends , as far as the Directory and the poor fleeced " holders" are concerned : but the evil resulting from the general state of tilings , of which this is but a singled-out sample , arc left to bc grappled with by the nation at large !
_AV hat those results arc likel y to be , even undei the most favourable of circumstances , may be inferret ! from the following article , extracted from a
laic number ofthe Globe . It contains the best reasoning oa the subject that wo have yet seen . It will he well if it ? iat reasoning has Us _«( Fect on the minds of those who can do something to mitigate the evils now sups to conic . To talk of preventing them would be felly . We have advanced too far for tkat . But sonic-thing may bc done , and much loo , to break the force _< of the "blow to confidence" that must bc endured . Acts for a considerable number of lines are obtained . The contracts on a good number of thein are already let . The land has to be paid for . The works have to bc executed . Thc calls must be ¦ made . Those calls cannot be honoured by the major portion of the present '' holders . " To get clear , they must nil . So many sellers will tumble down the price ! This will alarm'others . Afore sellers ; less price ; premium gone !; shares at a discount ; banks forced . to refuse " accommodation ; " discounts in the
money-market at a high rate ; confidence gone . '; manufacturers , agriculturalists , and money-dealers all in cue nie _.-s of ruin together ! See the whole _course of the alfairpointed out by the Globe : — If speculation in railway shares were really what it is supposed to be by the greater number of those now engaged in it , we might congratulate our readers on tlie extent to which itlms been carried in this cosntry during the lust twelve months . We arc inclined , however , to believe that most ofthe speculators understand but very imperfectly what _tftty are about , and that any suuh _congratulation would be extremely premature . If we survey the whole of the schemes now before tlie public , ami consider thc present aspect of the railway share-market , and anplyit to tho experience . of only " thc last twenty years in this country , it is not easy to avoid the conclusion that
much more has already been projected than can le completed without producing serious embarrassment , Wo do not for an instant doubt the very great practical value of railways . As means of cheap and rapid internal communication , they are , ' perhaps , _themost valuable improvements that , can be made in a commercial and _muiiufiicturimr country . Nay , if , instead of projecting and completing within the next few years 1 , 000 or 2 , 000 miles of those new roads , we could make 20 , 000 or 30 , 000 miles , wo do not , doubt that the result would bc a proportionate addition to the real wealth and thc productive capabilities ofthe country . But with nations as with individuals , it is not enough that an improvement is desirable . It should also bc within our means . Taking tho cost at the very low estimate of £ 10 , 000 per mile , 30 , 00 ( 1 miles would require an expenditure of £ 300 , 000 , 000 ; aud he must form an estimate of thc resources of this
country much exceeding ours who would seriously counsel such an expenditure , at once , even for such a purpose . Thc construction of a railway , or any similar permanent work , is a conversion of floating into fixed capital , Tiik _riiiuon of co . _wsrui'Ciiox is that of _coxvkrsiox ; _GJiff _-HiitiJ 6 ot / 4 are complete no return can be made . It amounts to a gradual _ausorption * of floating CAm . u . ; WHICH , FOR THE TIME , IS . AS'MUCH SUNK AS lb IT WERE EXPENDED IN AN ATTEMPT- . TO DRAIN THE OOEAiN * . It is palpably possible , even for such a country as this to siuk too much in this manner within a given time . And nptliing ia more likely than that during a period of speculation , and while large immediate profits are made by _simjily writing the sum _totalupon paper and paying « per cent , _ol'its amount the national resources should be pledge ! beyond what
they will ultimately be found able to sustain . The amount subscribed during the present year in this country for new lines of railway at home and abroad cannot be taken at less than £ 150 , 000 , 000 . Assuming that three years is to be the average period for the completion of thc works , and that the expenditure is distributed equally over that period , and does not exceed the estimate , wc have £ 50 , 000 , 000 as the amount to be annually sunk during the next three years on account of these schemes alone . The projects of past . veal's , yet in progress , will add something to this . Aud should the spirit of speculation now abroad continue unchecked next year , and the next , it may be expected to add still further to the drain on the national purse . For the sake of simplicity , however , wc will confine our view to the schemes of the present session .
It may aid our conception of tho practical operation of such an expenditure as we have described to compare it witli ether outgoings of similar amount . It is about equal , for instance , to the declared value of all thc British and Irish produce annually exported from the United Kingdom . It is rather move than the whole public revenue . And it is about ten times the annual amount of tho income-tax . let it then be supposed that for three years we continued our present exports of British produce and manufactures _tvitlmit receiving one farthing in the shape of return , or that the income-tax were increased tenfold , or die Parliamentary taxation doubled for the same term , and we may form some idea of the extent of the present speculations in a monetary point of view .
A _glinceat the state of thc _' sharc-inarket , however , shows that there all is confidence and hope . Not only the shares of nearly all the projected lines are selling at high premiums , but , though two or throe new schemes come cut every week , the facility with which new _subscriptions arc obtained still enables the projectors to make the award of even a few shares a matter of high favour . But , it is impossible to review the history of railways in this country , and the _miliii'c of tho system _itself , together with the extent ofthe schemes " now before the public , and to bclicvo that the confidence with which all classes arc now _inventing their available means in these speculations is well founded . Not only is the proposed expenditure greater in the aggregate than is at all
commen-Biiratc with the available pecuniary resources of the country , and therefore ' not justified by any anticipations of profit , but these anticipations , as tlicy ar e now generally indulged , in , are greatly beyond what can be justified by an appeal to facts . It seems to bc entirely forgotten that the more the railway system is extended , the more nearly il must approach _theiconditiou of a mere substitute for the chief common roads of the country ; thatit cannot take from these the whole of their traffic ; and that the more numerous the lines are , the more equal will tiif . v shark what they do takb . The first railway through a large district has an advautagc which no following one can have ; and which is diminished by every facility afforded by new lines and branches to
particular localities in thc same district . Yet ofthe twentyfour lines first constructed in thc united kingdom , not more than half realized more than 5 per cent , on the capitalinvestcd to begin with . And it is evident , from a variety of considerations , that no new line can be expected ultimately to return much more than the ordinary interest of * money . Hut vntil the projected lines are completed no return can be looked for ; and , if they continue to increase in number as they have lately , the completion of more than asmall proportion of them will be impossible . We need scarcely advert to the fact , that a very large proportion of thc shares issued to thc public during the last twelve months arc in the hands of _jicnons who hold them , not for investment , but merely for
speculation ; who have been tempted to buy only by the hope of being able soon to sell to advantage . This is well known , yet it is scarcely compatible , under any view of the circumstances , with-the successful issue of speculations so extensive . Every week increases the number of such persons in thc market and the extent to which tlicy are involved , and will continue to do so while the prevailing mania shall last . Now , let it be supposed that the enormous draught upon the floating capital of thecotuitry necessary to realise these schemes , produces only such a pressure on the moneymarket- as shall raise the interest of money to four per cent ., and keen it there ; is it to be doubted that the shares of thc new schemes generall y would sink at least to par , and that thc prices of shamin the old lines would
fall from- thc hei ght they have been raised to lately , by the hopes conceived from new branches and amalgamations , to about the prices of this time last year ? Let only such a fall take place . AND EIGHTEEN or TWENTY MILLIONS of PROPERTY , NOW ¦ _SALsAUM ! IX THE _SlURE-MARKKT , and o f which half-pan officers , tradesmen , and clerks are lame holders , WOUL D VANISH ALTOGETHER , ' if the present gradual rise in tho price of shares continues , the longer tlie fall is postponed the greater it will bo when it comes ; and that tho rise will continue till vague doubt takes tho place of blind confidence , and the hope of gain _eives way to a general i oi toss
_car , wo nave the warrant of all pa 3 t experience _, lint such a change in a market filled with persons who , whatever their pecuniary resources may be haveno very definite idea , of the real bearing of their speculations upon tho monetary and commercial transactions of the country , cax scarcely take place without Kcimc GENERAL PANIO . If alarm be once felt , the fall will not stop at 2 iar . Prices rise now because there arc more buyers than sellers ; and under this condition , will continue to rise . And when they begin lo fall , it will bo because there are more sellers than buyers ; and the fall will co on till the equilibrium is restore *' , or , in other words , till thc alarm is blown over .
There is the whole thing ! Tho Globe has correctly described the operation of the entire system . The ovils _. vhieli he ascribes to the full expenditure of the entire capital of the aggregate of schemes , will attend in . degree on the expenditure of capital for thc lines already determined on . What that amount will be , wc ave just about to show . Here is the statement : — Now that the most eventful session of . Parliament recorded m railway history has reached its close , wc arc enabled to announce , from official returns / the following as the results of its legislation . Parliament has sanctioned thc construction of 2 , 000 miles of new railways in England and Scotland , and of 560 miles in Ireland . Ibis is in effect to double the extent of the railways of Great Britain , exclusive of Ireland . Iho capital authorised to be raised in shares ior this purpose amounts to £ 31 , 080 , 000 ,
exclusive of £ 0 , 800 , 000 required for tho Irish lines , making in all £ 38 , 480 , 000 to be applied in England within the next two or three years for our own railways . It will thus bc seen that the amount to bo provided for the new railways is sufficiently large , to require serious consideration , and to arrest the progress of reckless speculation . Tkx millions of pounds n-year , for the next three years , will thus lie required for the " sinking-fund ' ' at heme , and £ 10 , 000 , 000 more for tho formation of Railways abroad ! No less a sum than twenty millions will have to be abstracted from the usual pursuits of commerce and agriculture , to be employed "
in operations which cannot yield a farthing in return for some three years ! Can this be done without derangement to existing interests ? Will ; it have no effect in the money-market ? Must not monev become scarce ? " Will not discowitimj be next to impossible ? Then the manufacturers will feel it . Country bankers will have to keep a tight , hand . There will be no " advance , " no " accommodation . " The mills will close ; tho " hands" will bo turned on thc streets ; and we shall again have accounts pub . lished of people being found _foodless , naked , destitute ; calling on God to put an end to their suffering before morning ! "
.The Prospects Of The Harvest. Tins, Too...
. THE PROSPECTS OF THE HARVEST . Tins , too , is an all-important question . If the fears generally entertained should unhappily prove to be well-founded , our condition ' will bc awful indeed ! The evils impending over us from the MAD doings of the " iT _. _osrwtiTY-MOXGKKS , " arc fearful enough : but if to these are to be added the certain misery that a deficiency of food will cause , wc shall indeed be doubly scourged ! The late goodness of trade , ¦ and . " spurt" of - "rnospimrrr" has been universally attributed in the main to the genera ] abundance of the last two or three harvests . In our
case , it lias been computed that , at least , £ 5 , 000 , 000 of money has been kept in the pockets of our people to expend in the manufacturing _nuvi'kct _, through tlie abundance of good with which we were blessed last autumn ; and if £ 5 , 000 , 000 so left make * all the difference between " _prosperiti _' ' and " adversity , " what will the effect be of bavin ? to send £ 7 , 000 , 000 or £ 10 , 000 , 000 abroad for food , and extract some £ 20 , 000 , 000 , 'besidc , Jfrom the ordinary pursuits of industry , for the Railway _Sixiuxofii . vd ?!
Respecting thc probable yield ofthe Harvest , there is , as may be expected , considerable difference of opinion . Some of the journals in the agricultural districts , published during the few fine days of last week , contend that there is not much reason to fear ; while others arc filled with most sorrowful forebodings . The last number of the Mark Lane Exprtti has the following , published after the return of wet weather , and founded on information irom all parts of the country : —
Though comparatively little rain has fallen in tlie immediate vicinity of London during the week , tlie weather appears to have been quite as unfavourable in other parts of the kingdom as before . The accounts from some of the eastern counties , respecting the effects of the rain nnd cold on thc wheat crop , arc as bad as any which wc have yet received on tlio subject . In addition to the previous complaints ot blight , rust , & c ., we now hear , from all quarters , that the more luxuriant and heavy crops have been very extensively lodged , and ¦ otherwise damaged , besides which , sprout is very generally spoken of .
2 Via £ _fJic yield of wheat will be deficient in _mtanUtii _, and defective in quality , _cax no i . _oxguii iik douhteii ; the extent of the deficiency _lvill still , in a great inci sure , depend on thc character of the weather experienced next month ; but , even under tub most PAVOCKACLE CIRCUMSTANCES WHICH CA . V NOW . OCCUR , an average produce cannot be expected . Latterly , we have received sonic very _^ unsatisfactory accounts respecting potatoes : a similar [ disease to that so much complained of in Holland having , it is stated , attacked the crop in various parts of the kingdom . We sincerely trust that this injury may not prove to bc general , or the consequences would be even more severely felt than those arising from a deficient wheat crop .
By our Scotch advices , it appears that the weather has boon fully as _ungcnial in that country as in the south ; and notwithstanding the dull reports from hence , wheat was held Is . to Is . Od . per quarter higher at Edinburgh on Wednesday than on that day sc nnhjht . From Ireland , particularly from tha southern parts of the island , the reports of thc woather are not of so unfavourable a character , and business in wheat seems to have been agoud dual influenced by the flat advices from this side of thc channel .
Tlic £ _iue >? wo 2 . 2 Tmc « takes a view of tho question which seems to hold out a hope that we shall not this time bc subjected to alt , the evils of _sjKculation in food , in addition to the evil of a short supply and the concurrent evils of " share" speculation . According to that journal the dearth of food on thc continent , and tlie probability of a bad harvest there too , is likely to bc of some advantage to us ; or at lcast to save us from somo scourging disadvantages . He
says : — The question of whether thc corn crops have been injured by the late unseasonable weather , is one which cannot be answered in a single word . Whero the fields are large and open , the corn still stands erect , and looks well ; but in small fields , and under trees and fences , it is too much twisted and beaten ever to recover . To secure a good sample , this beaten grain should be gathered and thrashed by itself , and in that case the bulk may still turn out tolerably well , if wc sliould have good weather from this time forward .
But- althoug h the prospects of the harvest must . bo regarded as uncertain , wc still entertain strong hope ! that the country will escape many of the evils which have attended former deficient harvests , even if thc present should prove to be a deficient one . When the last cycle of bad harvests commenced , thc neighbouring port s of- the continent were crowded with grain , which hud been accumulating for several years , and which was to bc had at prices very tempting to speculators . Several million quarters of this were immediately bought up , and poured into the country in a few weeks , to the utter ruin of the Exchanges . This is quite impossible now , for thc Hamburg h and Baltic ports arc barer of wheat at tiic present
time than they have been for several years , nnd thc Russian and Belgian buyors arc competing against the English in those markets for the little that remains . A great rise in the price of gram has already taken place in Germany and Poland , quite sufficient to render any extensive speculation in German aud Polish wheat very _hazardous . It is a lso very doubtful whether the result of the present harvest in the northern part of the continent oi Europe will be such as to bring down prices , crcn when the new wheat begins to arrive . In the last the
fortnight of Jul v , the whole valley ot thc V istula , great wheat'district of Uantzio , was flooded Irom tne frontiers of Hungnrv to thc Baltic sea ; and thc late accounts from Belgium and North Germany arc quite as unfavourable for the harvest as thc _hnwf accounts . Therefore , even if large supplies ot grain should be required from abroad , it is very _unliue' ) that any considerable portion oi it will come irom tin-Baltic , and impossible that it can be poured m team that quarter at the rate of millions of quarters at « time , as it was some years ago . ' _Thoso - who li _»« held German and Polish wheat ( or old wheat oi
any kind ) for some time , and those who _^ into the market carlv , can scarcely fail to do wen . for a certain quantity of old wheat must bc wantcu , but those who have gone into these markets late , oi who shall go into them now , will do it at great nsK . Besides having to guard against all tho chances oi the English harvest , they will have to struggle against thc sliding scale , which is likely to be kept at nhighest figure by quantities of damp wheat pou" _- into the market immediately after the harvest ) ' « against the excellent and abundant crop ot U _«» J ' wheat , admissible at all times at one shilling « _w > and that of the United States , admissible by waj _» Canada , at thc duty of three shillings . AU the * counts brought by the Britannia speak of targe ere and low prices both in Canada and the States , •«« t . liooo _niwitmetanonc _tnimthnr with tllC great a "'' ....
_tage of the duty , can scarcely fail to throw _thei great portion of the trade in foreign corn into that tin _<*' during thc present year , and thus , to _saveww some of tlie worst consequences winch liavc "' ' _$ aggravated the evils of n deficient harvest , ci a the present should prove to be one . Would not an extensive allocation of onr own P * pic on the soil , and an extensive app lication of laD thereto , with thc use of the most improved moac _^ culture , savk us , in a great measure , from « io _« _- attendant deficient harvests ? We mean not auciuiuui _iicuiiiui / i
on , uu ' _Junus . this would cause the sun to shine , or . thc ram cease ; but that the " surplus" of a good year woui more than suffice for the deficiency of a bad year , and render us independent of "foreign _suppV altogether . It is true , however , that cu lture tn » much lo mitigate the rigour of climate . It lS f tained that there is a fortnight ' s _differenc e _i _« _^ time of ripening oi corn grown on well drainc * _^ That is ; that corn on well drained land -a rip
-
-
Citation
-
Northern Star (1837-1852), Aug. 23, 1845, page 4, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/ns/issues/ns3_23081845/page/4/
-