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REVIEW OF THE WEEK— paob Our Civilizatio...
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VOL. VII. No. 321.] SATURDAY, MAY 17, 18...
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w THINANCE appears for the day to be the...
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.
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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.
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-.-. ¦ ~ : ¦ ' . ' " J | ¦ ¦ ' ^ - , . ' ¦ . ' . .- ¦ ¦ * :- ' - ..-. — ...-..,.. ...... ... ... . . . - . . . . . . . , . - - ..-.-r- -w— -r , r {^ f ipm t f , ¦¦¦ ¦ ' ^ " ^ " ^^ WWWWNaWB ^^ H oJflZ ^^ fa m ^ J ^ Av ^ , < < /& % ^^ 5 r ^ m ^ lkjj ^ l ^ - POLITIC AL AND LITERARY , REVIEW . } ! ; ' . * ' ¦ . ' * " ¦ ' " ' ¦ ¦ * ' ' ¦ " The one Idea which History exhibits as evermore developing itself into greater * distinctness is the Idea of Humanity—the noble ' endeavour to throw down all the barriers erected between men by prejudice and one-sided views ; and , by setting aside the distinctions of Religion , Country , and Colour , to treat the whole Human race as one brotherhood , having one great object—the free development of our spiritual nature . "—Humboldfs Cosmos-
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Review Of The Week— Paob Our Civilizatio...
REVIEW OF THE WEEK— paob Our Civilization 463 LITERATURE- Burford ' s Panorama of St . Pefcers-Our Commissariat in tho Crimea 458 Mfscei ^^^ J ^ ZlZV" / : ^"'" . 467 Summary 473 Her ^ aj ^^ s Theatre . ' !;!;;' . ' . ' . ' . " !;!' . ' . ' . % I % Tnal < rfWillmm Palmer f 2 ? Postscript 4 . 63 Si ^ us of the Times 473 " Retribution" 477 Bigotry Triumphant 461 D | IB . ¦/ . . crAioe Ubicini ' s Letters on Turkey 474 The Marquis of Dalhousie 401 ' PUBLIC AFFAIRS— Margaret Fuller ' s Letters from -.. The NewXoan of Five Millions ......... 462 The Dead not Dangerous Classes ... 469 Italy 475 The Crimean Board 462 A New Question with the United A Batch of Military Books 476 The Gazette 477 Condition , of Italy 46-2 States ^ .......... ,.. 470 , f , " . America :..:...,........:........ 4 G 3 The Marrfuis of Dalhousie 470 THE ARTS- ' COMMERCIAL AFFAIRSoontrnentai' ^ o tes' : ;;;;;; : ;;; :::: ;;;;; : ; : ;;;; Us | wSfchii which ? .: !? . . ; ::. ;; : ;;;; v . ;;;; 472 rush ' s Notes on the Exhibition .. 4 ? e city intelligence , Markets , & c . 4 ? s
Vol. Vii. No. 321.] Saturday, May 17, 18...
VOL . VII . No . 321 . ] SATURDAY , MAY 17 , 1856 . Price { SggE ^? :: SS 52 ? \
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W Thinance Appears For The Day To Be The...
w THINANCE appears for the day to be the poli-JP tical lever—a bad state for any country when itiFdourse ;© fraction . isHdetermined by flie money considerations . If an Individual of good education and repute can be betrayed into snatching the property of his friend by the use of strychnine , nations themselves can be induced to strangle the liberties of other states by the loss or gains . What
would it " pay" to support Italy ? What may we gain by assisting Imperial France ? The best check that we find upon a fratricidal war with America is the tremendous sacrifices that it would entail upon the manufacturing heart of the country . The sheet anchor of the Government is Sir Geobge Cornbwaue . Lewis's last loan . And a critical public is testing the merits of Lord Dai > housie because it is proposed to give him a pension . The loan is received by the City and the public as if the Chancem-or of the Exchequer had announced an immense surplus of revenue ; and , paradoxical as the fact appears , it is not without a practical sense . At the conclusion of a great war , it is most usual to have a large balance of costs to pay . In 1814 , as the Times reminds us , over and above the ordinary revenue of 83 , 000 , 000 / ., wo borrowed 86 , 000 , 000 / . ; and in 1815 , over and above 87 , 000 , 000 / . of revenue , we borrowed 40 , 000 , 000 / . ; so that it is surprising if at the close of the present war , with an ordinary revenue of about 70 , 000 , 000 / ., the Chancellor of the Exchequer only needs to borrow 5 , 000 , 000 / . at present , and to raise perhaps 2 , 000 , 000 / . more at the end of the year in Exchequer Bille or Bonds . It is presumed , however , that Sir George Lewis knorws what he is about ; and although his explanation in the statement of the Budget is anticipated with as much interest as the solution of a
puzzle—a puzzle , too , in which taxes are involved —the City and the commercial public are settled in the belief that really he will be able to cover th ^ ebst of the war without raising any more taxes than we already suffer , or borrowing more money than the 7 , 000 , 000 / . This assurance has increased the steadiness of the money-market . Wo have been , promised , indeed , a sudden opening of the spring trade on the return of peace and the arrival of fine weather ; but tho season seems tardy in all things , and the impatient commercial
public are now impatiently asking when the sunshine is to begin . With regard to the minor operation of Lord Daxhousie ' s pension , it really is hardly worth discussing . It is true that many men have worked as hard for Te ^ s wages ; true that men have suffered in broken health for services to their kind quite as great , without expecting more than "just three hundred pounds , a year , " if so much ; true that Lord Da ' lhousie has had 25 , 000 / . a year for eight years , besides liis private property ; but we
must judge him as a lord and as a minister ; and while we customarily pay our public men in their thousands annually , pensioning tolerably meritorious servants for " three lives "—Lord Raglan for example—5000 / . is not too much to give a hardworking man of the class . We do not grumble so much at the retiring allowance given to Dalbousie , as we do at the desperately stingy economy which seizes respectable people as soon as the claim is put in for a superannuated or crippled
working man . War itself has put on the disguise of commerce . A correspondence between Mr . Wallbrstein , the agent of the Republic of Costa Rica , and his principals at home , has been published ; it comprises a letter from Mr . E . Hammond of our Foreign Office , and shows that before Costa Rica declared war against Nicaragua , our Government was supplying arms to the Costa Rjcans . We supposed that in a war with Nicaragua and Costa Rica , our Government was bound to be neutral . However , we have handled this subject in a separate paper . Here we will only remark , that Lord Clarendon is playing the part of Lord Sandwich , in tho disguise of a pedlar . It is an attack on the property of Amoricans which Las created a now complication in that part of tho world . Nai » olkon the First called us a " nation boutiquiere "—a shop-keeping nation : tho shop-keeping impulse is that which Napolkon tiik Third vainly strives to keep under control in France .
Tho Emperor has issued warnings against time bargains , he has refused licence for the establishment of new joint companies , ho has forbidden tho Society tie Credit Mobilier to double its capital , and it is said that he contemplates new laws for the restriction of tho Bourse ; but in tho mean while tho French people have abandoned high politics for trade . Nothing can keep them from jobbing in stocks , shares , borrowings , and lendings , nil over the world ; and their favourite trading company , tho Socidtb de Credit Mobilior , announces
this year a profit of 978 , 000 / . on a fixed capital of 2 , 400 , 000 / . Through whatsoever difficulties , the Emperor Napoleon appears to be getting on as glibly in his high politics as his people are in their trade . Bfe has , it is true , been obliged to draw in his horns in the direction of Belgium . The journals at Paris , which write under licence , announce that Count Walewski gave too much importance to the question of the press in Belgium ; in other words , they intimate that the Government does not mean to press its " representations . " The spirit with which Viscount Vilain XTV , declared that he would not submit to the dictation of a foreign Power in modifying the constitution of his country and its laws , appears to hare s ^ oVn Napoleon that he must not go tbu far with Belgium ; and he forbears—at least for the day . But he figures as a principal director in all the prevailing European partnerships . His representative was chief of the Conferences in Paris , in which the Emperor of Russia made his submission ; he is a party to the separate treaty of Austria ao 4 Great Britain , guaranteeing the integrity of the Ottoman Empire ; a party , it is said , also to a secret treaty with the same Powers for purposes unknown ; he is specially invited by the Government of Piedmont to assist in the regeneration of Italy ; and if everything else should fail , it is quite clear that the road is open to the Emperor Napoleon for establishing himself as constitutional King of Central Italy . Through all these complications tho Governniqnt of Sardinia persevoros with a straightforward and consistent course . On returning to Turin , Count Cavouh made a full explanation to the Chambers , frankly avowed that the discussion upon Italy in the Conference on tho 8 th of April had none but negative results , and that while the question of Italy has undoubtedly been brought before the European Powers , tho immediate effect is to render the relations of Sardinia and Austria worse than they were . Tho note which Count Cavoub left with the representatives of Franco and England shows that tho position of Sardinia , between the impatient hopes of tho Italians 6 ri ilic one side and the encroachments of Austria on the other , is one of extreme peril . In Turin the Count has found all parties , from tho extreme Right , with Castajonjbto— - — ^ for its spokesman , to its extreme Loft , prdpamA- ^ - -- /? > . ^ to co-operate in support of tho ItaliaijlHGwOTaM ,, ! ' - ¦ , ' * . ty j > S mont ; ho has had substantial evidencofj ^ oJr ttujji- ' ¦• : ' /» ji \ ^ port from Milan , Naples , Parma , and fiHtcuV r k < tK * " C-M Cfl ¦* < : k #% % ¦¦¦ * ' &' rx & £ rji 5
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Citation
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Leader (1850-1860), May 17, 1856, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_17051856/page/1/
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