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824 THE LEA DEB. [No, 485. July 9, 1859-
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Aid to Science-Instruction.—The followin...
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.¦COMMERCIAL. - - '¦ ? :
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TRADE PROSPECTS. TMPEDED as our trade is...
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MONET MARKET & STOCK EXCHANGE
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Friday Evening. The great news of the da...
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GENERAL TRADE REPORT.
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This fine weather makes a dull corn mark...
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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.
¦ Serials. Eclectic—There Is A Clever Ar...
The additional notes are exceedingly valuable and entertaining . Constitutional Press has some amusing articles , and one on Mr . Charles Kean— -a biography—which fails in discrimination . The writer , in his allusion to the fox and the goose , evidently is not aware of the individuality of the fox . But these tilings will happen where theatres are concerned . 2 JOUTI / EDGE S ILLUSTRATED NATURAL HlSTORT , Part TV ., looks well , and is finely and copiously illustrated . Knight's English OrcxoPiEDiA still maintains its distinction of superior merit . Part VI . takes us into letter C of the alphabet , and includes some sound articles . Eevoe Independanib has a good paper on the Literal Party in France , and is otherwise instructive . Bevue Britannique , No . 6 , is rich in original articles and extracts . Casseli / s iLLtrsTRATBp Familt Biblr Part II ., is excellent ; as is also Part IV . of " Cassell's Popular Natural History . " Thieks' Histort of the Great JFrenou Revolit-TiON has advanced to Part II ., which U illustrated by a portrait of Egalite . Poetical Works of Thomas Moore , Part IV . of IiOngman ' s edition , contains the Juvenile poems , and poems relating to America .
824 The Lea Deb. [No, 485. July 9, 1859-
824 THE LEA DEB . [ No , 485 . July 9 , 1859-
Aid To Science-Instruction.—The Followin...
Aid to Science-Instruction . —The following minute has been recently passed by the Committee of Council on Education , "My lords proceed to revise the minutes which have been passed in the Science and Art Department for the encouragement of scientific instruction among the industrial classes of this country who have already received primary education , ( j . ) All former minutes relating to science or trade schools , and scientific class-instruct tion , except those referring to navigation , public lectures , and the training of teachers ( as hereafter appended ) , are hereby cancelled , and the following regulations are substituted in their place . ( 2 . ) The Science and Art Department will hereafter assist the industrial classes of this country in supplying themselves with instruction in the rudiments
of—( 1 . ) Practical and descriptive geometry ,- with mechanical and machine drawing , and building construction . ( 2 . ) Physics . ( 3 . ) Chemistry . ( 4 . ) Geology and mineralogy ( applied to mining ) . ( 5 . ) Natural history . By augmentation grants in , aid of salary to competent teachers , and by payments and prizes on successful results , and grants for apparatus , & c . 3 . Any School or science class . , either existing or about to be established , and duly approved by the Science and Art Department , may apply , through its . managers , for a certificated teacher , or for the certification of any teacher , in . any one or more of the above branches of science . 4 . Examinations for certificates of three grades of competency to teach any of the
above-named sciences will be held annually by the department , in the last -week of November , in the metropolis : as follows : —Noa . 1 , 2 , and 5 , at South Kensington . No . 3 , at the Royal College of Chemistry , Oxford-street . No . , 4 , at the School of Mines , Jermyn-street . 5 . Annual grants , in augmentation of salaries of teachers so certified to teach in any of the above mentioned sciences , 'will be given as follows : —For the let grade of competency 20 / ., 2 nd do . 151 ., 3 rd do , 10 / , . Any teacher holding a cortificate of competency to give primary instruction will receive , from the Science and Art Department , a sunn equal to the augmentation grant which has been attached to such certificate , in addition to the grants
above mentioned . 0 . Such grants will only be mode while the teacher ia giving instruction in a school or science class for the Industrial classes , approved by the department . 7 , 'The department will require that suitable premises shall be found and maintained at the cost of the locality where the school or class is held ; that the names of ten students shall be entered whose fees for half a year shall have been paid in advance' ; and that the local managers shall guarantee , for the support of the schools and teachers , from fees or local funds , a sum at least equal to the grants so long as they shall be paid . If at any time neither fees of pupils nor local fund ' s cover the requisite amount , it must be inferred that there is no
demand for instruction in the above named sciences , in that locality , which the Government is justified in aiding 5 and the assistance of the department will be withdrawn . 8 . Every school or class having a certified teacher will be inspected and examined once a year by the department , and Queen ' s prizes of an honorary kind will bo awarded to successful student's . 9 . Payments will bo made to the t 6 acher on each firstclass Queen ' s prize obtained by the . student , 3 / . - , on each second class , 2 / , ; and on each third class , 1 / . 10 . A grant towards the purchase of apparatus , fittings , diagrams , & o , of 50 per cent , on the cost of them , will continue to be afforded td schools and classes ia Mechanic's and similar institutions . "
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. ¦ COMMERCIAL . - - '¦ ? :
Trade Prospects. Tmpeded As Our Trade Is...
TRADE PROSPECTS . TMPEDED as our trade is by the war on the J- Continent , which threatens to impede it still more , and ill-advised as is the Legislature , which refuses to relieve shipping and trade , by amending or repealing the liberticide Foreign Inlistment Act , and persists in making the State responsible for all the misbehayour of individuals , it is satisfactory to notice the fine weatlier and the promise of good harvests , both at home and abroad . _ Heaven , smiling on man ' s peaceful industry , will help to compensate For the mischief of misrule and calamitous war . With a good harvest there will be increased quantities of food to be . exchanged ; there will be more subsistence ; there will be an encouragement to population , and society will prosper , in spite of its despotic and quarrelsome
of City intelligence we find London Dock Stock noticed as receiving a dividend of 3 tier cent ., and Colonial Bank Stock receiving 8 . Generally , excepting the Manchester and some other manufacturers , persons engaged in active production , including almost all traders , make a less per ccntage of profits than the mere money dealers . The explanation , we apprehend , is that , as the rule , the active traders have not capital sufficient to carry on their ' business , and capital they must have , though they obtain it at a sacrifice . They are obliged to borrow largel y and p _ ay _ comparatively high for the accommodation . This is a representation of the condition of traders and other producers
of late through a considerable period . The active trading classes , like the bulk of the farmers , have been carrying on business on boi rowed capital ; they are all , as the rule , an indebted race ; they compete against one another for capital , and the consequence is that they gain proportionally less , notwithstanding their active _ exertions , than the comparatively idle money capitalist .
masters . , Our great trade to the East Indies and China continues to flourish , and we may notice , with , no little satisfaction , that the large expenditure by our Government in both countries , in consequence of war and mutiny ^ finds some compensation—though this end was in no jnan ' s thoughts—in a great increase of traffic . So most of the occurrences which our short sight regards as evil , when seen in all their consequences , turn out to be beneficial . If they press heavy at some particular time , on individuals , dragging them to ruin or death , they promote the advancement of society . .
Froni our Australian colonies we Lave further and fresh accounts of the siiceessful navigation of the rivers Murray and Dorling for 1 , 200 miles of a tortuous course , but far enough in a straight line to reach into the heart of the country , and open a ready communication with thousands of square miles of " fertile runs" in Victoria , partially occupied , from the sea at Port Adelaide , South Australia . New and large areas are opened to the successful industry of tlie colonists , and of the emigrants who continue to flock from the mother country , always enlarging our markets . ^ From Vancouver ' s Island , too , and the Fraser River , we
have favourable news , though the quantities ^ of gold found there do not come up to the original fabulous representations . The gold found , however , is inducing an examination of the country , and its slow but sure settlement and improvement , Wg find an example of authorities there being no wiser than here . The following anecdote shows colonial wisdom to be on a par with Horse Guards wisdom , throttling our soldiers by black chokers , and stifling them under an Indian sun by polar clothing : — " In the bosom of a wellrtimbered mountain , " says a correspondent of the Daily News , writing from Lytton city , fort of Fraser , " about pix miles from . Yale , we-came upon a log *
hut , in which some enterprising xanlcees nave opened a refreshment liouse , where all drinks , from coffee to chain lightning , can be obtained , and are most keenly desiderated ? for with true down-cast ' cuteness the location was chosen at a point only approachable on either side by a tremendous ascent , so that the comers or goers arc subjected to tlie same thirsty provocatives , and like the man who maintained ' that good fish deserved a drink , and bad fish required it , ' all travellers , I believe , indulged in libations on their arrival . It was rather a puzzler ( and perhaps- the embarrassment was mutual ) how tho judge could bo entertained ,
seeing that the Jiouse was unlicensed ; put Yankee tact came to the rescue . The dignitary and his train were treated as guests ^ while the others , indulging coram j ' udice , were given the spirits gratis , but charged for the water , which docs not require a magisterial permission to vend it /' A license to deal ia anything in these half-tenanted regions , borrowed from our objectionable plan of conferring a monopoly on brewers , or limiting the publican ' s trade by an excise , oven beats the absurdities still persisted in by the Horse Guards as traditional wisdom .
A fact connected with our own trade which deserves notice is , that banking and other businesses , dealing exclusivel y with capitat , continue to pay their 8 or 10 por cent , per annum , while aooks and railways , and other means of earning money—or by which ultimately all the dividend on banks and other capital must be paiddo not yield half the ( amount . In tlie same column
Monet Market & Stock Exchange
MONET MARKET & STOCK EXCHANGE
Friday Evening. The Great News Of The Da...
Friday Evening . The great news of the day had no immediate effect on the money market . Prospectively , should it lead to peace , its effects will be very considerable . The payment of the dividends on Consols and other stocks to bankers and others , which began two days ago , had a much greater influence on the market than the armistice , and contributed to render it very easy . The terms are 2 \ per cent , to discount the best bills . But , whether there be peace or war , this ease is not likely to . continue . Trade and Governments , by way of loans , will increase their demands , which will prevent any further fall . The expectation that the Bank of England would reduce for bills
its minimum rate discounting , was proved to have been erroneous , the Bank not having done it . " In truth , gold is going out of the country , and it is not probable that the present ease in the money market will c ontinue . The Bank probably knows that , were it to lower the rate next week , it would be obliged in a week or two afterwards to again raise the fate . The news of the armistice has already revived the hopes of many traders : they are no longer eager sellers of commodities ; and to hold them will lead to a rise of prices , and to an increased demand for money . Putting out of view the sums Government may require to wind up the war , or to carry it on , it does not seem likely that money will long continue abundant . there
Tn the Stock Exchange to-day was great ; ex citcment , and stocks of all kinds of railway shares rese considerably . The state of the account—which was a bear one—made the sellers for account , as this was the last day , extremely eager to buy back stock they had sold , and this gave a great impulse tp > the stock market . Consols being very scarce , went up to 95 , but before the close of the dny the price receded to 94 \ . Rails , and other shares , re ^ maincd firm at the highest point they readied , and did not , like the Consol market , go back before ' the end of the dny . The general rise is an index of what would he the consequence of a peace and what are the evil consequences of war to the fortunes of those who own large masses of public securities . They suffer from war , and should endeavour to
preserve peace . The Paris Bourse , at its opening , seems to have been as much excited as was owr Stock Exchange Rentes ; Three per Cents , went up to C 6 for 25 c . The shares of tlie Credit Mobilior rose to 74 Of , nnd Lombards came at 500 , which is fair while they iirer 1 & premium Jn our market . There whs more nnimation in the Stock Exchange to-day , and probablymore business done than on any day for manyweeks . The Bank accounts , on next page , will show theeffects of the commencement of the payments of the dividends on the resources of the Bank .
General Trade Report.
GENERAL TRADE REPORT .
This Fine Weather Makes A Dull Corn Mark...
This fine weather makes a dull corn market . Otherwise the news of an armistice spread inueli cheerfulness over all markets , and revived and strengthened many dormant hopes . Wo may expect , should the urmlatice lead to a peace , henceforward a continual improvement in our marketsgreater activity , and . somewhat hJur > i < U' prices . At least men hope this will be tl * p caac . In the wcelc all markets liave been dull ,, and only to-day ha vet they assumed a cheerful appearance . As yet , however , little buslnojw lias been doao ; prices remain steady , but people are fnr more reluctant to sell than they wpw . ' Jror silk there 1 ms been a brisk domand in tho week , without any assignable pauses . There nro-
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Citation
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Leader (1850-1860), July 9, 1859, page 20, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_09071859/page/20/
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