Page images
[blocks in formation]

be favourable, well and good, if otherwise there is , by every possible means, and to this day the manu. a deficiency in the crop, and consequent loss to facture of it in these countries gives employment the planter. In the Brazils on the contrary, to a considerable number of the population. The larger extents of ground are yearly brought into quantity made, bowever, goes but a small way to cultivation, and the supplies at their market seem supply the total consumption of either country. to keep pace with the demand. The greater por- Since the failure of the grape vintage in France, tion from both these places is taken for the United it has been found more profitable to use the beet States, in which for some years past a short-siglıted for distillation than in sugar making, and it may policy has been pursued, iu throwing their sugar be doubtful, from the improved methods of obplantations into cotton grounds. The result is taining spirits from it lately introduced into this that with a rapidly increasing population America country, whetber the greater portion of the beet is becoming totally dependant upon other countries will not in future be employed for making spirits for this necessary, while it has all the means of rather than sugar. In Great Britain also the exproduction within herself. The government have periment has been successfully tried, and in Ire. recently seen this, and have sent out a commission and some extensive works were erected at Hillsto obtain specimens in order to ascertain which borough, for extracting sugar, which, we believe, deseription is the most calculated to resuscitate were abandoned chiefly from the Excise restric. the fields; those sent home however, have turned tions. A small trade is now carried on in the out quite worthless. At present her traders are south of Ireland. visiting our West Indian colonies, and in some Viewing the whole subject, it would certainly instances last year bought up the whole produce appear that to the East the West must look for of an island, sugar, rum, molasses and all. the supply of the necessary article. At present

When the Emperor Napoleon formed his plan of the production hardly equals the consumption, erippling England by the issue of the famous which might be indefinitely increased were free “Milau decree," the production of sugar from trade principles strictly carried out. beet root was encouraged in France and Holland



“ Beware th' allaring path of greed,
There's danger in thy headlong speed ;"
This was a brother's parting word-
He cried, the warning scarcely heard -


One morning, as the gossips tell,
While neighbours, woke by malin bell,
Were syllabling their morning prayer,
A voice shricked through the startled air-


Tus shades of evening deepened fast,
As, bank-ward, through the City passed
A man, who in his pocket bure,
His bank-book, strangely titled o'er-

His brow was wrinkled; keen his eye
Flashed on each jostling passer-by,
And still the strange mysterious word
From his scarce-conscious lips was heard-

In humble homes he saw the light
Of happy faces, warm and bright.
Above, Ambition's cold heights shone ;
He cried, his eye on these alone,-

“ Tempt not a path," the preacher said,
“Which none who loves his life may tread;
The snares and chasms are deep and wide ;"
But, confident, he loud replied -

"Stay,” said Content, “Oh stay, and rest
Thy anxious head upon this breast :"
A tear one moment dimmed his eye,
Bat still he answered, with a sigh-


[blocks in formation]



income, upon sugar, upon tea, upon paper, and MATTERS move so rapidly now, that while last upon pepper. In an evil hour, they had resisted month we had a Parliament with four or five Mr. Locke King's very reasonable motion for an months expectancy before it, we have seen it extension of the franchise to £10 tenants in rebellious, prorogued, dissolved, and its successor counties. The odium of that blander-down with nearly elected, before that month closed. The the war-peace, economy, retrenchment-these Earl of Derby's resolutions on the China question were thought good cries to wake up the country. were defeated in the House of Peers. But a fac. Parliament was dissolved, and immediately the simile of them, correctly photographed but coloured Earl of Derby's friends perceived their mistake differently, was carried on the motion of Mr. Cob- too late to recant. A number of their usual folden, in the Cominons on the 3rd March, by a Liwers refused to vote condemnation of the pomajority of 16. The majority consisted of Cob. licy adopted cordially by all our representatives in denites, Derhyites, Peelites, Russellites—a mixed the Chinese waters, and approved by merchants and multitude, like the Samaritans, and possessed of no missionaries residing there. Even their old and better right to the Treasury benches, which they vigilant whipper up, Major Beresford, rebelled, thought to usurp, than that people to the and ran from London. mountains of Israel. The Peelites had favoured The feelings of the mercantile classes were Viscount Paimerston with a vigorous opposition expressed in addresses to Viscount Palmerston. during the session. They are actuated by ecclesi- Lord John Russell's name was omitted from the astical as well as political enmity. " The Church list of candidates for the city of London. That is in danger" of becoming evangelical. The omission he decided to correct, and he has been Premier has given all dioceses to eminent mem suceessful in obtaining the third place on the poll,

ers of that section of the establishment. Ano. by a well organised canvass, the votes of Conther diocese is nearly vacant, and a similar selec servatives and Jews, and the hourly statements tion will he made. The author of that very

dull of his committee that he headed the poll, which book, the “ Church and the State," and of several apparently he never did. Considerable changes fancy budgets, was moved to the deep recesses of have taken place in the metropolitan representahis rhetorical spirt by this “pernicious” adminis- tion, but they are upon the whole favourable to tration of those good things left yet by the eccle- the Ministry. Many well known men will be siastical commissioners to the church; and upon missed in the new Parliament. Mr. Cobden left a consultation with Mr. Roundell Palmer, he deter- the West. Riding and lost Huddersfield, Sir mined through the session to imitate " the implac. E. Armitage lost Salford, Messrs. Bright and able” in a gale of wind, and be busy. His old Gibson lost Manchester, in each case by majorities friend and contemporary, Lord John Russell, was against them of fifty per cent. Mr. Layard is out of temper, because nobody wanted him, and rejected by Aylesbury, Sir Joshua Walmsley by the world moved almost as if he were out of the Leicester, and Sir W. Clay by the Tower Hamworld; and he was ready to take his chance of a lets. Mr. Roundell Palmer is a severe loss to storm although it might blow hard. Sir James the Peelites and Puseyites, and he did not attempt Graham was consulted, and, with a drop of the old to retain Plymouth. Mr. R. Phillimore lost his blood still warm, he was found ready as usual for old seat, and failed to gain one at Coventry. Sir a border row.

James Graham bad a close run at Carlisle, and was Mr. Cobden and his friends heard that blood only saved by the friends of the late Manchester had been shed, and they offered their rewards - school, although no coalition occurred, but a fornamely, a majority, place, and two quarters' sala- tuitous concourse of atoms. ries to the men who would run down the man- The author of “ Eothen " has obtained a seat slaughterers—always excepting the actual perpetra- for Bridgnorth; Mr. Oliphant, who is another tors of the crime, who could not be expected to and a justly celebrated writer on the East and catch themselves.

Oriental lands seeks a seat; and we hope will not The Derbyites believed that they had set traps long seek in vain. Sir Henry Rawlinson was profor every party, and they have been grasped posed for Greenock. He would have done honour tightly by their own springs. Some faint hope to the constituency; bat Mr. A. Murray Dunlop was entertained that the Premier would resign in recalled his resignation ; and, as one of the fem disgust. Another faint hope existed that the able and active Scottish members, he was re-elected Queen would not dissolve Parliament at this -although he has given several unlikeable rotes season. Measures were adopted to secure the in his time. The two former members for Edin. largest quantity of speaking, even if the worse burgh, Messrs. Black and Cowan, were returned came to the worst. During February, the Govern with a little grumbling, which is cheaper than ment had been badgered respecting duties upon 'polling. The Lord Advocate was less fortunate

[blocks in formation]

at Leith, and had a hard contest. Leith natu- not expect a dissolution, but a resignation; and rally looks for a commercial member ; but it has they were met by the former. The Parliament was been the Lord Advocate's burgh-- whatever Whiz five years old, and in the ordinary course of the pas Lord Advocate, since the Reform Bill. At Septennial Act, must have expired of inanity in present it is represented by the ablest of the se- fifteen months; because a Parliament never lives ries. Dundee has lost the services of the steadi- to its legal age. The Queen adopted therefore a est member of the House of Commons, who never constitutional and a natural step in acceding to missed a division ; and taken Sir John Ogilvie, a the request of the Ministry for a dissolution. The new member, in his place. Mr. Thompson, the intention to dissolve was suspected in some quarlate member for Aberdeen, has also retired, and ters even on Tuesday night (the 3rd), before Visthe northern city having no person connected with count Palmerston addressed the House. No its local interests, sent to England for a choice of mistake could have existed respecting the course gentlemen. Why could the city not have followed to be taken before he sat down. On Wednesday, the county, and taken the second, and politically the intentiou was generally known. On Tbursday the superior son of the Earl of Aberdeen ? Has it was announced officiully. Before that evening the Hon. Arthur Gordon become much too libe. it was also known that the measure would be ral for the granite constituency ? He has lost effective. A requisition was in preparation to the bis election for Liskeard, which he would have Premier from London. The commercial classes in gained if he had not voted against the Govern. Liverpool besought him to abide by the Govern. ment when he should have voted with them. It ment. The Chamber of Commerce in Manchester was the stupid vote of a promising man. The se repudiated the course adopted by their representacond son of another Prime Minister, Mr. F. Peel, tives. The West Riding of Yorkshire, the a member of the Government, has been displaced greatest constituency in England, had taken Mr. by a local liberal at Bury.

Cobden's rash notice to quit. The people of Glas. Glasgow, which should send exemplary men to gow were on that day engaged in an election, but Parliainent, has taken two of its older merchants, either of the candidates was prepared to support and made candidates of them not the best way the Government. Other mercantile communities to be well represented; for old gentlemen, unac.

imitated Liverpool. The merchants of London customed to nightwork, are altogether in the connected with the Oriental trade addressed the wrong place in the House of Commons. Liver. Premier. London, Liverpool, Hull, Manchester, pool is divided against itself, as usual, upon every and the West Riding offered him a seat. True to thing except Viscount Palmerston's foreign Tiverton, his quiet old borough, he gave no enpolicy. Among the missing nen whom we can couragement to firtation in politics, but the purill afford to want, is Mr. Apsley Pellatt, who un- pose was not less effectually served. fortunately went with the majority on the Chinese A greater mistake has not been committed upon question, and has lost Southwark—but he was a any topio in recent times than that of the Chinese careful and useful member; and Major Reed, who The people evidently feel that the foreign retired from Abingdon, and stood rather late for policy of the nation cannot be safely made subser. Finsbury. Still that constituency derive no credit vient to factious purposes. Even the smaller confrom their preference of a gentleman whose public stituencies rebuke the conduct of those represen. services are totally in the future tense, to another, tatives who have been led astray by a “ maudlin" by whose strenuous exertions the agitation against sympathy for the executioner of the seventy thouthe extra Income-tax in the current year was ren

sand heads-lhe number of decapitations ascribed dered effective, and to whom the country might to Commissioner Yeh in one year. have looked for an alteration in the principle on The people evidently think that, if we have which that tax is levied.

formed a treaty with the Chinese, they should The new Parliament will be less Conservative observe the terms; and if this treaty provides for and more Radical than any of the line from the personal communication between their authorities Reform Bill; and it will produce a new Bill if and our representatives, that it should be enforced ; the people do not continue in au apathetic state. that if the Arrow possessed a British flag and

As for the discipline suffered by the Manchester register, they should be vindicated, even if the school, it comes, according to Mr. Duncombe, of dues upon the paper had not been paid to the Finsbury, from the determination of the country moment of attack, seeing that Commissioner Yeh not to have foreigners always represented in the had no copy of the colonial cash-book, and never right, and our own countrymen always in the acted upon this pretext; that the enployment of wrong, in our own Legislature.

colonial and native shipping is essential at places

like Hong Kong and Singapore, and is impossible THE CHINESE QUESTION.

if men and property-cven if both be native The vote against the Cabinet on the Chinese cannot be covered by a British captain and registry; question by the Commons afforded great satisfac- and that any pretext for rescuing twelve men, tion to several Continental Courts, and very much against whom do crime was imputed by Commissurprise to the people. The results were not sioner Yeh, from decapitation, because one of them gratifying to the combined opposition. They did was supposed to be a rebel, is not a sin so


[blocks in formation]

grievous and unpardonable as to require Par. blue books teach. As Mr. Disraeli once said, liamentary censure.

England does not love coalitions.” That is so All the speakers bore testimony to the high true that the public, giving credit to the Peelites moral character of Admiral Seymour. The oppo- for submission to foreiga dictation; to the nents of the government endeavoured to set forth Russellites for envy and uncharitableness at the his praises in more glowing terms than its sup- moment; to the Cobdenites for mistaken sincerity porters. For that reason Sir James Graham and

on one point; gave none to Derby and Disraeli, others assigned to him only a subordinate place except for ambition manifested unscrupulouslyin these proceedings. They said that he was having no doubt whatever that threc fourths of bound to obey Sir John Bowring. The history of the majority would bave found a pretext for these negotiations and proceedings published by bringing Com missioner Yeh to a reasonable state Parliament, however, shows that he was a party to of mind, under the discipline of their own friends. every step, and the public at large believed that if The Earl of Shaftesbury brought forward a this oflicer merited the brilliant character for hu- motion in the Peers on the 9th ult., against the manity and all the virtues ascribed to him unani opium trade, but abandoned it. The proceediug, mously, he would not have sanctioned a course of however, allowed the Earl of Albemarle an opening action which merited reproach.

for the discussion of the trade of spirituous Consul Parkes was designated by Mr. Cobden liquors in this country, which he did very effecduring his speech, a clerk, who might obtain tively. celebrity at some unknown period. This was an

The great difference between the opium of the error of speech, because nobody is less likely than Chinese and the beer of the English, the spirits Mr. Cobden to consider a clerkship in any way of the Irish, and the whiskey of the Scotch being calculated to prejudice a man in Parliamentary that our beverages render a man mischievous, while estimation, even if this be the correct description opium turns him into a useless animal.

the error wrought on the mind of a nation of shop regiments, the 23rd Welch Fusiliers, and the keepers and tradesmen, of whom many, like Mr.

82nd regiment, each 1,067 in strength, have Cobden himself, feel honoured because they have orders to embark for China, at Portsmouth. The made their way in the world to an arm-chair from numbers are given exolusive of officers, and the å stool.

force may be estimated at 4,500 men, including Sir John Bowring was assailed bitterly by the officers. They will be accompanied by 1,100 Royal opposition of all ranks, from the Peace-at-any. Marines, and the ships Sanspareil, of 70 guns, price party to the Russellites, from the Derbyites 620 men ; Retribution, 22 guns, 300 men; Transit, to the Peelites ; but Sir John had crotchets, like

4 guns, 190 men; Sidon, 22 guns, and 300 men; everybody else, in his youth and manhood. The

the Himalaya, 2 guns, and 188 men, and the Earl of Derby and his followers in the Peers des

Assistance and Adventure. The intelligence recribed him as an “unfortunate,” suffering under the ceived from China at the close of the month, may monomania of desiring an entrance into Canton. alter these arrangements. In former times it appears that he laboured under the monomania, in other people's estimation, of supposing that a sinful world can be governed by good The new American President, Mr. Bachannan, advice. Sir John was a conscientious member of made a moderate address upon his installation on the Peace Society. In his early dealings with the the 9th current. No further intelligence has been Chinese, he was deemed too favourable to the received regarding the progress of the war in flowery people, or rather, to their authorities. Central America. The Great Western Canadian These facts are not considered by the public Railway, at its late meeting, paid a dividend of aggravations of, but rather as apologies for, his nine per cent., and placed £14,000 in reserve. The proceedings now; upon the ground that he must railways open in Canada and the British provinces have seen the absolute necessity of checking the now extend to over 2,000 miles. We are not conduct of those parties among the Chinese, who astonished, therefore, that the shareholders of the having decapitated seventy thousand rebels in one Bombay and Baroda railway complained at their province, could not consider that a few Europeans last meeting of the delays in proceeding with the were likely to prove hard nuts to crack, and Indian lines, of which not 500, not even 400 miles, were under temptation on that account to crack

are open yet. tbem.

The appointment of General Cass to the princiThe public verdict on the whole question at pal secretaryship of the United States by President home is also clearly expressed in this way. If Buchanan was regarded, in conjunction with the gentlemen be appointed to conduct our affairs at refusal to ratify the treaty with this country redistant stations, they must be treated with conf. garding Central America, as a bad omen for peace, dence, and supposed to know more of the measures in its strictest sense. General Cass is seventy five necessary at their own doors than other gentlemen, years of age, and distinguished for nothing more not naturally cleverer or mentally more endowed, than inveterate hatred to this country. He is who know nothing more upon the subject than 'older than our own Premier-it is not generally


[blocks in formation]

supposed that he is wiser. More recent pro. racteristic of the market for securities. Towards ceedings, however, tend to show that Mr. Buchanan the close, however, there has been more business wants a pacific Presidency.

done, and, owing to the pacific intelligence from Diplomatic relations between Austria and Sar- China, the funds experienced a rise. dinia liave been suspended at the instance of the There has been a considerable demand for money former power; but no serious evil is expected. during the last ten days, but without any change

The peasantry of Gallicia and some other dis- in the rate of discount; this has now totally subtricts of Poland bave arrived at the conclusion sided, and accommodation is easily obtainable. that the world is to terminale on the 13th June | The arrivals of gold have been extensive-a very next. The worst of the matter is that they will small portion of which, however, has found its not work, deeming that unnecessary.

way to the Bank of England, the bulk baving been The Parisians suffer in a moderate way from taken for the continent, to meet the great demand similar fears, originating in the suspicion that for silver for the East, and which is still going on the great comet which gets in our way every in anticipation of the 4th proximo; neither is it three centuries or so, will be upon us this year. considered probable that the drain for this purpose Even in London certain people, we have heard, are will subside, since, until further notice, arrangenot comfortable on the subject.

ments have been entered into to forward mails Astronomers are uncertain that the comet fortnightly to China, when beside the ordinary will visit our neighbourhood before 1860; while conimercial requirements, the expenses of the other scientific men, who know the whole particu- troops will have to be met. The wants of India lars of the subject say that it can have no imagin- also seem to be increasing from the new underable weight-neither four ounces nor four pounds. takings at present in progress, so much so, that

The government of the universe is happily not the idea of having a double standard is again exposed to accidents or collisions. That is perfect ; seriously mooted, in order to meet any scarcity of and comets, when they appear, will keep their own silver, which it is feared may arise in consequence path in space—which will not cross the carth's of the heavy shipments. The Credit Mobilier, at route.

Paris, have also been large buyers of that metal A new line of railway-new, especially in its to pay their instalments for the Austrian railplan--has been brought out. The cost of the roads. Though but little of the gold so recently come railway will be half the common price in the more in has been taken to the Bank of England, the stock costly portions, and generally little more than one. shows but a trifling reduction, the withdrawals fourth. The traffic will be carried at a slower from that establishment have been supplied, partly rate than by heavy engines on expensive lines ; by sovereigns received from Australia, and partly but the cost will be small, and the line will bring from the payments made into it on account of the down the produce of the Himalaya slopes, and the public revenue. Early this month a large sum fertile regions between them, Delhi and Meerat, will be thrown into the market from the dividends, to join the Punjaub line and the Indus river. and on the 8th of May, the first series of Exche.

It gives the example of a speed with which, a quer Bonds, to the value of two millions, will be few years sinee, any part of the world was satisfied cancelled. Besides these two items tending to for passenger traffic, applied to the conveyance of ease, several ships from Melbourne are so near at produce where water carriage is not available at a hand as to be shortly due. similar rate of speed, aud at a cost which con- Among the mercantile failures is that of the sumers or growers can afford to pay.

London and Eastern Bauking Corporation.An unfortunate event has occurred near Bushire, The losses will fall upon the shareholders, of resembling the battle of Toulouse. The British whom we regret that there are several native merforces attacked the Persians and drove them from chants of Bombay and Calcutta. So far as their position, with a loss in killed of nearly have yet read the details, it appears to us that seren hundred men. The battle was fought after the shareholders will obtain little or nothing. The a treaty bad been closed here, and before it could affair very much resembles the Royal British Bank be known there.

mess; only the business has proceeded for a short A run of brilliant contests at the hustings have period. not helped the Government so much as five minutes Two directors have had advances upon the scat the telegraphic station. The Emperor of curity of shares to the extent of £5,350 aud China, according to the electric current, has in- £5,500. The manager, has succeeded in obtainstructed Commissioner Yeh to make peace on the ing £27,000 on various securities not valued British terms. So the mission of the Earl of yet. The grand transaction was, however, the in. Elgin ends.

vestinent of £237,000 upon the estates of ouc gen. COMMERCIAL.

tleman, also a director. Ten per cent. was given The weather for the month hitherto has been cold; for the money. This was made the excuse for the but the corn markets have receded, while this week investment. It should have been the cause for rice has advanced slightly.

avoiding the temptation. The chairman of the The funds during the month have been remark. company, has a loan, it is also said, of some ably sensitive, and dullness was the general cha- ! £12,000 upon securities.


« PreviousContinue »