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203 THI? II!ADEB, pSfo.362,Saturday.
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Leader Office, Saturday, February 28. LA...
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THE CONTINENT. The. trial at Paris of th...
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l'RTCE EMIGRATION TO THE COLONIKS. A mee...
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. [IN THIS UEFARrHENT, A3 AIL Orimvm , H...
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There is no learned man but will confess...
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" COMMON SENSE OF THE BANK CHAKTPp QUEST...
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Transcript
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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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Miscellaneous. The Court.—Prince Albert,...
reply , relied upon the evidence of Paddison , the secretary , and the transfer cleric , as conclusively establishing the fact , that the practice was to require the assent of the directors to be given . The a-f & davit of Mr . Brown Was not sufficiently explicit to maintain this evidence . The "Vice-Chancellor asked to be furnished -with the evidence , and reserved his judgment . Mrs . Allsof again appeared before the Marylebone magistrate on Wednesday , when she was subjected to farther questioning , and her answers strengthened the opinion previously entertained that her statements were not in accordance with truth . Strike at the Birkenhkad Dock "Works . —The ' navvies' employed by Messrs . George Thompson and Co ., the eminent contractors , in carrying out the works for the deepening of the Great Float at Birkenhead , have struck . The men assert that their worklsrfoo arduous for
the pay they receive . Attempted Suicide op a Crimean Hero at Pkeston . —An unsuccessful attempt at suicide was made by Mr . Heath Heviland Chanter , late senior ensign in the 5 7 th Foot , in the public streets of Preston on Tuesday afternoon . The young man , who is only twenty-one , is said to be the son of a justice of the peace in Devonshire . After his return from , the Crimea , he sold his commission , and a few days ago he obtained 31 . 10 s . from an officer upon a cheque on Messrs . Cox and Co ., London , where he had no account , and another sum from a second officer in the same way . He was tracked to Preston , and seeing himself watched , began drinking some laudanum from a phial ; but he did not succeed in taking much . He was arrested , brought before a magistrate , and remanded .-
The Theatrical Fund . —The annual meeting of the members of this body was held in the saloon of the Lyceum Theatre on " Wednesday , under the presidency , as usual , of Mr . Buckstone . The balance-sheet showed a prosperous state of the society , and it was resolved to raise the secretary ' s salary from 40 ? . to 80 ? . a year . The Unemployed . —Another meeting of the unemployed was held on Thursday afternoon on the site of the Smithfield Market , for the purpose of giving some information relative to the system of Poor-law relief , and also with regard" to free emigration to the colonies . About 2500 persons were present . The Funeual of the Late Earl of Ellesmeke took place on Thursday at Worsley with great plainness .
"N " e \ v Arctic Expedition . —In consequence of the adverse decision of the Admiralty in the House of Commons on Tuesday , Lndy Franklin is under the necessity of undertaking , on her own resources , the completion of the search for her husband ' s expedition . The late period at which this decision is made known renders it impossible to make the requisite preparations for proceeding by the east . The western route by Bchring ' s Straits will , therefore , be adopted . —Daily Mews .
203 Thi? Ii!Adeb, Psfo.362,Saturday.
203 THI ? II ! ADEB , pSfo . 362 , Saturday .
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Leader Office, Saturday, February 28. La...
Leader Office , Saturday , February 28 . LAST EIGHT'S PARLIAMENT . HOUSE OF LORDS . The House sat for a quarter of an hour , the only mattor brought forward being the subject of the Murrain in Cattle , which , on the par t of the Government , it was said would receive attention . —Lord Palmehston , in the Lower House , made a similar statement . HOUSE OF COMMONS . TUB ARCTIC MEDAL , In answer to Admial Walcoit , Sir Charles Wood said it had been determined to grant ono medal for all the Arctic voyages to the officers and men engaged in them , and not a medal for each voyage .
THE SARDINIAN COMMISSARIAT . In answer to Lieut . William Gkaham , the Chancellor of the Exchequer said that about 17 , 000 ? . were due to this country from Sardinia for commissariat Btorea in the late , war , of which ifi . OOO ? . had been paid . SI « JOHN M'NEILL AND COLONKL TULLOCH TUB I'kksian < jui : snoN . In answer to Sir . Layaiu > , Lord Palmruston said -iJ ? xT * n ° ffer ^ 1000 / - cucl 1 ha ( 1 bccn m" ( 1 ° to Sir John TkL'Noill and Colonel Tulloeh , but declined l . v thorn . — Also , ho said , on the authority of the Russian ambassador here , tho KuBBian Minister for Foreign Affair ... mid ho could state that there was no foundation for the ITfif a ri - liuSsia ftU ( l 1 > uri ! i » b J which S « £ ™? T ' P ° ° . <> f tOTrit 0 Ty in Central Aaia to 2 S ™ £ v " . 1 Uonc «^ ation 8 with the Persian ambassador at Pans were still going on .
IHIC DK 8 TITUTB SOMMKttB * FAMILIES AT COLCHESTK * In answer to Sir Jo » w Tyuricl , Mr FUkiTki « ck Ite . «< nd that a report on the Hubj . e ' t of tho SS of the soldiers' wives at tho Can » at Colchester l » ncl boon received , and would bo laid on tho table
, 'niK i , ANr > TitANaronT oom > a nflfolU riT *' 1 U , ^ ° ' U' «« Pf » 't forward the cnsooftlie officers of tho Land Transport Oor , > H , most of whom had been « l , ri » ,, d « l while « few of thorn had boon ut no those which they IkUI m their former con w . 11 o wiahed
to know what was to be done with them , —Mr . Frederick PBEt said that a great many of the Land Transport Corps officers had been put into the Military Train , and the others would have an allowance of five shillings a day . CHIKA AOJOUEHED DEBATE . The adjourned debate on Mr . Cobden's motion was resumed by Mr . Warrest , who supported the motion , and went more particularly into the law of the case , which he declared could not be controverted as laid down by Lord Lyndhurst .- —The Lord Advocate followed , and did controvert the law as thus laid down . —Mr . Whitesede supported the motion both on the legal ground and on the
ground that the proceedings of Sir John Bowsing in China were an outrage on humanity . —Mr . Horspall opposed the motion , believing that the British Commissioner had kept strictly within the bounds of international law ; and he defended the Liverpool merchants against certain imputations made on them by Mr . Cobden . — Lord Robert" Cecil supported the motion ; and Sir Ckarles Napier defended Admiral Seymour , and contended that the course pursued in China was the only one that could have been taken under the circumstances . — Lord Godericee supported the motion , and Mr . Bknttnck opposed it on the ground of the effect a vote of censure on the Government would have in complicating the state of
things in China , and also because he preferred the present Government to any of that party which for many years had advocated anti-Protestant and democratic measures . —Sir James Graham , in supporting the motion , defended Sir Michael Seymour , urging that he had been compelled to act by the civil representative of the Crown , who left him no discretion . Ab regarded Sir John Bowring , he thought him a man who formed strong opinions , always pushing them , to extremes , and more remarkable for his self-confidence than his judgment . The Government , however , in upholding his act 3 , relieved him from responsibility ; and he ( Sir James Graham ) thought that Sir John Bowring believed he was carrying out the wishes of the
Govern-. -. The Attorney-General having spoken at length , on the law of the case , the debate was adjourned .
The Continent. The. Trial At Paris Of Th...
THE CONTINENT . The . trial at Paris of the directors of the " Docks Napoleon , " which commenced on Wednesday , has excited a very unfavourable impression on the public mind , which was scarcely prepared for the barefaced swindling -unveiled in the course of the trial . —The Siecle has received a second warning , for an article describing the labours which might be effected by the Legislative Chambers . This journal has been so firm and honest a friend to England , that it would be ingratitude not to sympathise with its tribulation . — Globe Paris Correspondent .
A most violent and exciting debate , according to the Morning Post Athens correspondent , has taken place in the Greek Senate on the memorandum which the Government had addressed to the protecting Powers , setting forth a brilliant , but , it is alleged , a fallacious , account of the financial affairs of the country . Some of the members accused Ministers of truckling to the interests of "Bavarian satraps , " and of insulting " magnanimous England . " Tho Finance Minister , says the account , trembled , turned white and speechless , and finally disavowed the document . The narrative has an appearance of being coloured as highly as the Government statement of Finance .
L'Rtce Emigration To The Coloniks. A Mee...
l'RTCE EMIGRATION TO THE COLONIKS . A meeting to promote this object will be held at the Nova Scotia Gardens , Birdcage-wnllc , Bethnal-greon , on Monday next , March 2 , at half-past twelve . The Borough members have been invited to attend . Accident at tub Dolphin Brewery . —A man employed at tho Dolphin Brewery , Broad-street , Radclifl ' e , slipped yesterday morning into a copper full of boiling liquor , and was immersed to his waist . He was speedily drawn out , but no hopes arc entertained of his recovery . Tina Rkigatk Outrage . —The highwayman who shot at Mr . Ovemlon in the neighbourhood of Reigato is believed to bo in Liverpool , and there is every reason to hope * that lie will soon be captured .
California . —Tho latest news from California is interesting . Governor Johnaon , in his message to the Legislature , denounces repudiation , and recommends the payment , of tho illegally contracted State debt . Tho entire State debt amounts to only a trifle abovo three millions of dollars . On the Dth ult ., California was shaken , by a violent , earthquake Tho shock , however , was attended with but little damage . Tiik LuNimiLt . Golukky . —It baa now been resolved on to turn water into the pit , so a . s fully to quench tho fire , and then to open the shafts . China . —1 ' rivnto letters from Macao , of January 10 th , . state thattho Emperor of China has placed tho live ports of tlto empire , which arc open to Europeans , in a state of HH >{ ' ; e . Should thin nown bo continued , tho conse-( jucih'ch to Kuropunn commerce will bo very serious . — La Pa i / 8 .
CnYHTAt . Palaor . —lictnrn of admissions for six days ending l'Yiduy , February 27 th , 1857 , including season ticket holders , 8 i ) 08 .
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There Is No Learned Man But Will Confess...
There is no learned man but will confess he hnttv much profited by reading controversies , his sensp * awakened , and his judgment sharpened . If thpin t ? be profitable for him . to read , why should i ' tno + ' aK least , "be tolerablefor his adversary to-write ?—Mixtott
" Common Sense Of The Bank Chaktpp Quest...
" COMMON SENSE OF THE BANK CHAKTPp QUESTION . " - " ^« x-t , K ( To the Editor of tJie Leader . ) Sik , —With reference to your article thus entitled allow me to observe that if the opponents of Lord Overstone ' s views are beaten , it is their misfortune that , like Lord Wellington's soldiers at Waterloo they are too dull to perceive it . It maybe owned that Lord Overatone has "beaten all the opponents he has chosen to encounter . The supporters of monetary freedom , like other bodies of men , have no doubt some weak brethren amongst them ; and an opposin g champion who makes a point of alvrays singling these out may gain many a cheap victory . There certainly are men in the world un-wise enough to desire a paper money defined by nothing-, and guaranteed by nothing , except , indeed , by its reception in payment of taxes ; and the Overstone writers invariably assume that such is the desire of all who impugn their arguments —just as Terainand of Naples counts all as anarchists who doubt the blessings of his rule . Let Lord Overstone and his disciples have done with this knocking down of men of straw , and address themselves to the fact 3 and arguments of those , who , after having thought as earnestly as themselves , have arrived at a different conclusion , and are prepared to show their reasons . Let both parties earnestly try to discover precisely in what they agree and in what they differ , in order to reduce the question to its narrowest dimensions .
Lord Overstone states the sole object of the act of 1844 to be the very proper one of securing identity of value bet-ween the paper portion of our currency and the coin for which it officiates , so that a fivepound , note may never become of less value than the five sovereigns , that is than the 1 ^ oz . of fine gold , which it purports to represent . We accept this as a sine qua -non . We could no more tolerate a Hu . S 6 van paper currency , with its paper rouble , worth but a fraction of its silver prototype , or an Austrian currency , whose paper florin is ( or but recently "was ) in the same pli ght , than could Lord Overstone liimself .
Let tliis point , therefore , be put at rest once for all . Our objection to his plan concerns not his end , but his means . Lord Overstone thinks his means efficient , unobjectionable , and , indeed , the only possible means ; whilst we regard them as of imperfect efficiency ( having broken down upon one memorable occasion ) , as attended with most serious collateral evils , and as quite inferior to other means which have bora long years of trial in Scotland , Ireland , and France ; and as still more inferior to means which have been proposed , embracing the excellences of the Scotch , Irish , and Trench plans , without their delects .
Lord Overstone ' s plan is built upon the assumption that , if we had never introduced the use of pa-per , but had confined ourselves to the use of coin , we should have possessed a currency as perfect as human means could make it , exceptingasto economy and to a certain measure of convenience ; hence , that in order to secure the convenience and economy of paper money without losing the other attributes of ft good currency , we must bind ourselves to "use paper to the precise amount of the gold we displace , never exceeding and never falling short of such amount This in appearance is plausible enough ; but will it bear a close examination ? What ia tho use of currency ? What the better are we lor having it ? What tlio worse should wo be if we had it not ? Again , what are the qualities it ought to possess in order to lit it for its purpose , and in what quantity must wo liave it , if it is to serve that purpose effectually ?
A nation destitute of currency could only transact its dealings by means of barter ; and an infinite number of dealings which avc , having the use of currency , transact with perfect ense , could not , l > y * nation so circumstanced , be transacted at all . i ' j advance in civilization of a moneyless people , beyond si very rude stage , would bo next to impossible : ft good currency would therefore seem an indispensable condition of high civilization . The use of currency , therefore , is to supersede tlie rude and inoflieient plnn of barter , mid theroby to facilitate to tho xitmost those incessant interchanges of comiuoditicH , services , and privileges which men resort to in order to obtain what they vvunt in exchange i'or what they luivo to snare
. , Kxccpt with a view to interchange , first or last , know of no use whatever of currency ; for to a people not practising interchange , currency must be wholly
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Citation
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Leader (1850-1860), Feb. 28, 1857, page 10, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_28021857/page/10/
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