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Feb. 22, 1851.] 1tf>t freakST. IBS
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MR. MUNTZ AND THE "TIMES." Jan. 13, 1851...
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HEALTH OF LONDON DURING THE WEEK. (From ...
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Socialism and Political Economy.—"What t...
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Cammmhti %Mxs. —^—
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MONEY MARKET AND CITY INTELLIGENCE . Fri...
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.
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The Apostle Paul Thk Angel Spoken Of In ...
gating these divine records , to remember that the things therein recorded were in many instances to prove the fulfilment of various promises made to the fathers , and the predictions delivered hy the prophets , as well as to show that other predictions were then near at hand to be fulfilled also , and would be so fulfilled during the-time of the then existing generation . Matt . xxiv . 34 . We find also that the Apostle Paul , after preaching first throughout the land of Judea , was in a more especial manner directed to the Gentiles ; and it was mutually agreed on between Peter and James , John and Paul , Gal . ii . 7 , 8 , 9 , that Peter , James , and John should go to the
circumcision , that is , to the Jews , and that Paul and Barnabas should go to the uneircumcision , that is , to the Gentiles ; and so Paul , when a prisoner at Rome , writes a letter to the church at Ephesus , and saith , chap , iii ., " I , Paul , the prisoner of Jesus Christ for you Gentiles , if you have heard of the dispensation of the grace of God , which is given me to you ward , how that by revelation he made known unto me the mystery . " Now , the mystery here spoken of by Paul was what is contained in verse 6 , That the Gentiles should be fellow heirs ' , and of the same body and partakers of his province in Christ by the Gospel . This dispensation of the Gospel of the
grace of God was then committed to Paul to preach the remission of sins and salvation in and by Christ alone to the Gentiles , while on . the other hand Peter , James , and John , in their ministrations , were more particularly confined to the Israelites in all the twelve tribes thereof , as witnessed by the Epistle of James . Now said Paul , Eph . iii . 8 , " XJnto me , who am less than the least of all saints , is this grace given that I should preach among the Gentiles the unsearchable riches of Christ , and to make all see the fellowship of the mystery which had been hid in God , but is now made manifest . " It is no longer a secret , " The spirit searcheth all things , yea , the
deep things of God , " 1 Cor . ii . 10 . The deep things of God were now brought to light by the preaching of these divinely-appointed messengers , or angels as they are termed , " with a great sound of a trumpet . " Matt . xxiv . 31 . So the Apostle Paul , as the flying angel , having the everlasting Gospel to preach , fully carried out his divine mission , he fully preached the Word of God , and declared all his counsels ; and then in his letter to Titus , being then drawing near the end of his ministerial course , he saith , «• I am now ready to be offered , and the time of my
departure is at hand ; I have fought a good fight , I have finished my course , I have kept the faith . Henceforth there is laid up for me a crown of righteousness , which the Lord the righteous Judge stall give me at that day ; and not to me only but unto all them also who love his appearing ? " It is quite apparent , then , from a comparison of Paul ' s call to the ministry , and from this portion of John in the Revelations , that Paul was this angel , or messenger of God , sent forth to preach the Gospel first to the Jews and then to the Gentiles . Those who discover the
application of this angel to the groat Apostle of the Gentiles , will no doubt soon discover also that the right way to understand the Revelations of John will be by seeking for its true meaning from the interpretations and expositions of the Apostles , in the Book of the Acts of the Apostles and the Epistles of Paul , Peter , Jumes and John , to the churches ; comparing the same also with Our Lord's answer to the question proposed b y his Apostles , Matt . xxiv . I would earnestl y recommend this to the serious consideration of all Christians . Aquila .
Feb. 22, 1851.] 1tf>T Freakst. Ibs
Feb . 22 , 1851 . ] 1 tf > t freakST . IBS
Mr. Muntz And The "Times." Jan. 13, 1851...
MR . MUNTZ AND THE "TIMES . " Jan . 13 , 1851 . Sik , —At this time , when all thinking men are seeking for some relief from the invisible power that is crushing industry , I am sure you will excuse me replying to your remarks appended to my letter in your last . You attribute " all the real prosperity during the war to the rapid extension of our mninfacturing system , combined with our outward virtuul monopoly of the world-inarkbt " , " and since the peace to the competition of other nations in that market .
I ask , in reply , could that " rapid extension " have taken place without Pitt ' s monetary wystem ? Granted that we had the world-market —wo took the world'w produce in . return ; but this produce and our home l » duce could not have been distributed among and consumed by the pooplo but for the expanded money Bystem which raised prices ( and wa ^ oR , you admit , reservedl y ) to a remunerating level , " by which I « u . 'an a murgin for profit , after paying the enormous axutio n a nd wut * m , how can we have a permanent
prosperous forei gn trade unless tlu > musses have the power to purchase or consume an equivalent of foreign produce ? M wo hml th |} world-murket in 1 H 11 , "" " " tflut" panic over production . The results wuro m (> i ) H lm . aking n ^ chinury Ilt Middlcton- -fired , 7 W ) Idmrs -all caused by u contraction of thi ; circulation at the instance of Mr . IIusIushoii . O ) Gr anting the competition that lias taken place since uio war , I cannot think it the cause of the depression ; " came too duddonl y ; it , in fact , commonced exactly lon tuo contraction of money commenced ,
immediately after the battle of Waterloo ; it can be shown that prices fell at every tig htening of the " screw , " and always rose again when it was relaxed . Money gets into circulation by discounting bills , and out of circulation by meeting bills ; raising the price of discounts is shutting the steam-valve that drives the engine ; lowering discounts is opening the steam-valve . This comparison is only imperfect in the circumstance that opening the steam-valve immediately starts the engine , while lowering discounts merely permits trade to start as soon as public confidence is restored ; shutting the steam-valve is instantaneous in its effects ; raising discounts is the
same . After the panic of 1811 the valve was reopened ; all was right again till 1815 , when it was shut again to prepare for our present monetary system , then contemplated . ( b ) Prices tumbled down , corn and all , —the result , a Corn Bill passed , you know how , by the aristocracy—manufacturers left to their fate . This contraction continued with greater or less severity till 1817 : this was the era of the Blanketeers , Luddites , Shuttle-gatherers , & c . —discounts lowered in 1817 and 1818 —trade improved—raised again as much as they dared from 1818 to 1822—consequences dreadful—Manchester massacre—farmers ruined , but Peel's grand object attained — the market price of gold safely screwed down to the Mint price , and the nation not quite ruined : all should now be well—the steam-valve was now opened , plenty of
money let out into circulation from 1822 to 1825 , ( c ) the era of speculation and prosperity—prices rose till every thing was dearer than gold at the Mint price — away it went abroad in 1825-26 , to where it would purchase most ; discounts stopt , trade stopt , rioters breaking machinery , banks breaking , as nothing but gold at the mint price was a legal tender . To avoid tediousness , every expansion of the currency , even to the present day , has given an impetus to industry —every contraction has arrested it . We have had three stoppages of discounts since 1839—in my opinion , three acts of high treason against industry . The circulating medium is now only about one-half that before 1815 . Am I not justified in asserting that this is the cause of the depreciation of labour , more than the competition of foreigners in the worldmarket ?
You say , " Were land and labour free , all classes would profit by low prices . " Without a wish to obstruct the progress of freedom , I maintain that low prices are the greatest curse to the working classes , however induced , but particularly when induced by an arbitrary scarcity of the circulating medium . Low prices means an increased value of the " pound . " There cannot be less than 100 millions of " pounds " of fixed income received by individuals in all grades of society from ground-rents , mortgages , annuities , Consols , & c . ( I do not consider farm or house rent fixed income ) . Thia being considered , how can low prices , which mean giving these receivers of fixed
income more for their pound , and which implies more labour in a " pound " — how can this benefit any but the fixed income classt On the contrary , I affirm that what you call " cheapness" is the means by which these parties keep continually abstracting more and more from industry , which ought to be enjoyed by industry—the means by which they can keep spending less and saving more , till we see the p henomenon of extreme rich and extreme poor . If there Avere no fixed income , it would not matter how low prices were ; but , with our load of hxed payments of " pounds , " it is high time to ask the meaning of a " pound . "
You say , " Cheapness often causes a glut ; but no alteration of the currency could prevent that . " I must infer that you here mean cheapntHs caused by over-production . I deny that ever there has been an over-production , if people could have hud means to buy ; and I ask , when did you know a "glut " that waH not caused by a contraction of discounts , and consequent diminution of the purchasing power of the people from a scarcity of money ? Why , the wants of man are insatiable I how can they ever be glutted ? It is strange how men , looking at the name thing , can come to have such various ideas . I have not yet done , but must rather abruptly come to a close . If you insert this , I shall probably conclude in your next . —I am , yours respectfully , M .
(«) "Why not . rather wiy " all ciui-mmI" by tin' Orders in Council mid the famine prii . eH of loo I ? Whit , contrao'ion of the cir- 'Ulatiou took place in 1811 . ' Them was liltlti iliHtrem , comjittrativcly , in 1803 . IH 04 . and 1 H 05 , unri >« 't . the averayo amount ol li . Tiik noted in I ' . ire . iilutioii ( luring tho ^ e threit ' ycurtt w iih uuurly £ " 7 . 000 , 000 Ichh tliiin the ' amount in circulation in INI I . ( 6 ) All thin looks very lieuuLiful an u theory . Hut . where 1 i ; ih M . fonml l . li <> I ' hoIh on whi < : h it . is founded ? lit he aware that , tin ; circulation was much hig her in 1817 and I 8 IH , yearn ol ' gi-ea t dititrcHH , than in 18115 and INK ) , the yearn in which he tell * uh " the valve was reopened i " ( r ) Thin ih equally opposed to fact , ua M . will perceive h y looking- at the iollowin ^ Luhlt ; of the niimlx i ol bank nol . cn in circulation from 1 HI ' . > , Iho year of Ihi ; I ' oterloo inatmacic , till 1 H 21 and 18 : if > , the yeara oi « reiit pronpnity . 181 i > £ 2 . > , 2 r > si OSW 18 S 5 O JM , aUi » . ; 5 ' l (> 1821 aj , v >» . ) . » oo 11 WW 17 , 4154 . 790 18 . 53 lil . U . U . iMO 1831 150 , KW , ia (> i Hyr > rj . a'jH . fMo
Health Of London During The Week. (From ...
HEALTH OF LONDON DURING THE WEEK . ( From the # eg istrar- ( jeneral ' 8 Report . ) The present return indicates some improvement in the public health . Under the influence of more favourable weather the deaths , which in the first week of February were 1109 , have fallen to 1036 ; and this tendency of the mortality to declineis perceived both amongst young and old . In the ten corresponding weeks of 1841-50 the average number of deaths was 1050 , which , if corrected for comparison with the mortality of last week , becomes 1145 . On this latter result , the 1036 deaths of last week show a decrease of 109 . However , an important difference is perceptible between the two classes of old and young persons , for , while nearly as many of the latter are now dying as usual for the period , the mortality of the
aged has fallen considerably below the corrected average . In the zymotie class of fatal diseases , smallpox destroyed 26 lives ; and in 8 of these cases the sufferers were between 15 and 60 years of age . Out of the 26 fatal cases of this disease it is only recorded in five that the patients had been previously vaccinated . Some persons object to the introduction of what they conceive to be the disease of an animal into their children . As regards the other epidemics , measles carried i ; ff 29 children , scarlatina 19 , hooping-cough 43 , and croup 10 ; these complaints not differing materially from their several averages . Typhus numbers 43 victims , the majority being of middle age ; whifst the average number in ten corresponding weeks was 37 . The births of 821 boys and 755 girls , in all 1576 children , were registered in the week . The average number in six corresponding weeks of 1845-50 was 1373 .
Ten Weeks Week of 1811-50 . of 1851 Zymotic Diseases .. .. .. • 1931 .... 212 Dropsy , Cancer , and other diseases of uncertain or variable seat .. .. .. 532 .... 53 Tubercular Diseases .. .. .. .. 1808 .... 107 Diseases of the Brain , Spinal Marrow , Nerves , and Senses .. . .. .. 1241 .... 106 Diseases of the Heart and Blood-vessels .. 371 .... 47 Diseases of the Lungs and of the other Organs of Respiration 2111 .... 220 Diseases of the Stomach , Liver , and other Organs of Digestion .. .. .. COS .... 56 Diseases of the Kidneys , & c ... .. .. 79 .... 19 Childbirth , diseases of the Uterus , & c . .. 3-4 .... 9 Rheumatism , diseases of the Bones , Joints , & c 87 5 Diseasesof the Skin , Cellular Tissue , & c . .. 10 .... — Malformations .. .. .. .. .. 21 .... 2 ' Premature Birth and Debility .. .. 231 27 : Atrophy 153 .... 26 Age .. .. 701 38 Sudden 141 9 Violence , Privation , Cold , and Intemperance 265 .... - 35 . Total ( including unspecified causes ) .. 10497 1036
Socialism And Political Economy.—"What T...
Socialism and Political Economy . — "What the advocates of association object to political economy is , that so many of its teachers assume it to be complete , while the contrary is the case . When it is remembered that it did not take the form of a science till the days of Adam Smith—that not above a dozen writers of note have applied themselves to the investigation of its principlesand that many of its most important problems are still matter of dispute—it is somewhat dogmatical to try new theories of society solely by its maxims , and summarily reject them for non-conformity thereto . —Hole ' s Social Science .
Cammmhti %Mxs. —^—
Cammmhti % Mxs . —^—
Money Market And City Intelligence . Fri...
MONEY MARKET AND CITY INTELLIGENCE . Friday . The English Funds have been rather depressed all this week , partly owing to a false alarm that the Bank Directors intended to raise the rate of discount , and partly from the uneasy feeling about the position of Ministers . A slight revival took place yesterday on the breaking up of the Hank Court without any unpleasant announcement , hut this was counteracted by the uncertainty felt us to what will become of the Chancellor ' budget . The dosing price of Consols yesterday was 9 ( 5 . J , and this morning they opened at . 9 Gj \ to 90 ] . The fluctuations in the English Stock Market since Monday have been as follow—Consols , DG ^ to <)(> . [ ; Bank Stock , 214 ^ to 215 $ ; Three-and-a-Quarter per Cents i ) Hif to *) H ] ; Exchequer Bills , 47 s . to f > 2 n . pin . The Foreign Stock Market hus been inne . tive during the week , and prices yesterday tended mtlier ilownward . The bargains in the ollicial HHt yesterday comprised—Brazilian , 92 }; JDuiuhIi Five , » er Cents ., 103 ; Mexican , 33 ; Peruvian Four and-uhalf per Cents ., lor money , 7 U { ; for the account , 79 ) , ; Portuguese Four per CeutH ., for account , 33 } ; Russian Four and-n-Ualf per Cents ., !) 7 A , 3 , and 4 ; tne Small , 97 $ ; Spanish Five p «» r CvntH , lor money , l <) g ; for the account , 1 !)? and & ; Dutch Two-and-a-IIalf per Cents ., / i 8 tf ; and the Four per Cent . Certilicutcn , «) 1 ^ g , ttn , i j . Mark-lank , Fiuday , Feb . 21 . The arrivals of grain this wct-k are moderate . The wlu-ut tnulf , however , remains in the mime dull Htate uh vv < ' liave had to report ho frequently . The mime is the wise at the principal country markets held during the w < iek , and nt some of them the tendency ia decidedl y iIowiimhkIh . 15 ii ley mniiitniilN ils value . OalH have in Home cases slightly advanced from ( lie loweut sales made lust , week , but trade continues dull . Arrivals from Feb . 14 to 21 : — FJn ^ lish . Irish . Foreign . Flour . Wheat .. .. 2040 2120 Barley .. .- 1 HH ) 700 - - Oats : i 77 O 1400 28 'JO
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Citation
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Leader (1850-1860), Feb. 22, 1851, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_22021851/page/21/
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