The Economist, Volume 1, No. 3
Chapter 4
Louis Philippe has had a remarkable history; but it has been distinguished to an extraordinary degree by its vicissitudes, amongst which we must not forget his involuntary exile, and his residence in this country, where he lived for many years as Duke of Orleans. A worse man than his father it would be difficult to imagine. He was a vain, ambitious, and cowardly voluptuary, who gratified his personal passions at the expense of his sovereign and his country; but his son was reared in a different school, and to that accident, conjoined with a better nature, he probably owes the high position which he now occupies as a European monarch. Misfortune is a stern teacher, and its effects on Louis Philippe may be exemplified by a little story that was told of him and Lord Brougham some years ago:--"I am the most independent crowned head in Europe," said he, "and the best fitted for my office of all my brethren." The praise might be deserved, but it seemed strange to the _ex_-Chancellor that it should come from his own mouth--he, therefore, bowed assent, and muttered some complimentary phrases about his Majesty's judgment, firmness, and the like. "Pooh, pooh, my lord," he observed, laughing heartily, "I do not mean that--I do not mean that, but that I can--brush my own boots!" This was practical philosophy, and indicated a clear perception of the constitution of modern society, particularly on the part of one who is known to be by no means indifferent to the fortunes of his race. We believe, also, that Louis Philippe has been happy beyond most men of regal rank in the possession of an admirable woman for a wife, the present Queen of the French being, in all respects, a lady of superior intelligence and virtue; properties which are luckily confined to no condition of life, and to no country or creed. She has shared in all her husband's troubles during the last eventful forty years, and now adorns that throne which the exigencies of the times demanded that he should fill if the French monarchy was to be preserved. Her attention to her children has been unremitting, and the result is, that high though their position be, a more united household nowhere exists.
SPAIN.
The Ministry has been on the point of dissolution. General Serrano, angered at the contempt shown to his denunciations and lists of conspirators, by the Home Minister, Caballero, gave in his resignation. General Serrano demanded the dismissal from Madrid of more suspected persons. Senors Olozaga and Cortina intervened, however, and made up the quarrel, ordering the _Gazette_ to declare that the most perfect harmony reigned in the Cabinet. This the _Gazette_ did. Mr Aston has demanded his audience of leave, and quits Madrid on the 15th.
Grenada has blotted the name of Martinez de la Rosa from its lists of candidates, though he had formerly been elected for that place. M. Toreno is expected at Madrid. Senor Olozaga sets out for Paris, to try and persuade Christina to be patient, for that her presence previous to the elections would rather militate against her party.
At Madrid the anniversary of the revolution of 1840, which drove Queen Christina from the Regency, was celebrated by a _Te Deum_, chanted in the church of San Isidro, on the 1st, and at which assisted the Ayuntamiento and provincial deputation.
Barcelona has been in open insurrection, and a sanguinary conflict commenced on the evening of the 3rd, which continued with intermissions till the 6th. Later intelligence stated that the town still held out. On the 8th the state of things at Barcelona was nearly the same.
One of the great accusations of MM. Prim, Olozaga, and the French party, against the Regent was, that instead of carrying Barcelona and other towns by storm, he fired upon them with muskets and with cannon. Generals Arbuthnot and Prim have pursued precisely the same course, and we see Montjuich again throwing bullets upon Barcelona, and with all this making no progress in its reduction.
Accounts from Barcelona of the 8th, mention that several mansions were damaged. Three cannon shots had traversed the apartments of the British Consul. Prim's own Volunteers of Reus had taken part against him, and many of the towns had declared for the Central Junta. A rural Junta of Prim's had been surprised at Sarria, and several of its members slain.
A Central Junta had been formed at Girona.
Madrid letters of the 5th state that Government were about to dismiss a great many superior officers and functionaries opposed to them. The partisans of Don Francisco have decidedly joined the Esparterists.
AUSTRIA AND ITALY.
The _Siecle_ says that Austria was much alarmed at the state of Italy. "The necessity which Austria finds to defend her Italian possessions by arms is highly favourable to the projects of Russia against the Danubian Provinces of the Ottoman empire."
The _National German Gazette_ of the 8th instant states, that the fortifications of Verona are being considerably strengthened. The heights surrounding the town are to be crowned with towers _a la Montalembert_, so that the city will become one of the strongest fortresses in Italy. The Hungarian infantry, of which the greater part are cantoned in Upper Italy, are actively employed in the construction of the fortifications.
TURKEY.
CONSTANTINOPLE, August 23.--Petroniewitch and Wulchitch have at length consented to leave Servia, and are probably at this time in Widin, on their way, it is said, to Constantinople. The province has been confided to the care of Baron Lieven and M. Vashenko, who are the actual governors. But the most important feature in the question is a note which the ex-Prince Michael has addressed to the Porte. He declares that the election of Alexander Kara Georgewitch was brought about by violence and intimidation, and that he and his ministers are the only faithful servants of the Porte, and, consequently, the only persons fit to govern Servia. It is generally believed that the Russians have been privy to this step, and that it is their intention to put forward Michael a second time in opposition to Alexander.
A daughter was born to the Sultan on the 17th. She has been named _Jamileh_, or the Beautiful. The event has been celebrated by the usual illuminations and rejoicings. The Sultan has been the father of nine children, seven of whom, two sons and five daughters, are now living.
EGYPT.
It is said that a misunderstanding exists between Mehemet Pacha and his son Ibrahim, relative to the succession to the throne of Egypt; Mehemet proposing that Abbas Pacha, his grandson, should succeed after the death of Ibrahim, whilst the latter would wish his own son to succeed him.
UNITED STATES.
ARRIVAL OF THE "HIBERNIA" AT LIVERPOOL, ON WEDNESDAY.--Great interest has been excited here for some days past respecting the voyage of the _Great Western_ and the _Hibernia_, the former leaving New York on the 31st ult., and the latter, Boston on the 1st. The betting has been in favour of the _Hibernia_, and she has again beaten her great rival. On Tuesday, at midnight, her lights were seen off the port, and at one o'clock she entered the river, after another rapid passage of nine days from Halifax, and eleven from Boston. The news by this arrival is from New York to the 31st, Boston to the 1st, and Halifax to the 3rd; sixteen days later than previously received by the New York packet ship, _Liverpool_.
The _New York American_, in its summary for the packet, says:--Our commercial and money markets continue without sensible change, both abounding in supply without any corresponding demand. The trade of the interior is prosecuted cautiously, and for money in hand.
Political affairs are exceedingly dull and uninteresting; even the Irish repeal speakers are quiet.
The progress of the pacification between Mexico and Texas, and Mexico and Yucatan, is slow and somewhat uncertain. The president of Texas, General Houston, has dismissed Commodore Moore and Captain Sothorp from the naval service for disobedience of orders. Indeed, the Texan navy may be said to have been disbanded. The people of Galveston thereupon gave Moore a public dinner, and burnt their president in effigy! The Mexican government has formally complained to the United States minister at Mexico, of the inroads of certain citizens of Illinois, Missouri, and Arkansas, into the Mexican territory. Advices from Buenos Ayres to the end of June, describe Monte Video as still holding out; and it was reported in Buenos Ayres that the British commodore would at length allow Commodore Brown, the Buenos Ayrean commander, to prosecute the siege of Monte Video by sea, in conjunction with Oribe by land.
A new constitution has been agreed upon by the republic of Ecuador, establishing the Roman Catholic religion as the state religion, "to the _exclusion_ of all other worship," and the Bishop of Quito, in an address to which the people responded favourably, proposed that "ecclesiastics should be henceforth made sole judges in all questions of faith; and be invested with all the powers of the extinct tribunal of the Inquisition!" The bishop then published a "Pastoral Lecter," to "make known the glad tidings." And yet the people of Ecuador, without religious freedom, call their country a free republic!
PHILADELPHIA.--The President has returned from his country seat to Washington, and although some alterations in the cabinet are spoken of, still the results of the August elections, showing that a majority in the United States Senate will be Whig, have produced a pause in the contemplated changes. Indeed, people are beginning to complain, and not without reason, of such frequent changes in important offices. For example, within three years there have been three Secretaries of State, three of War, three of the Treasury, three of the Navy, three Attorneys-General, and three Postmasters-General. Some of them have really not had time to learn their duties, and they have been succeeded by others who knew still less of the duties and responsibilities of office.
CANADA.
Sir C. Metcalfe has returned to the seat of his government at Montreal. The emigrants from Great Britain arrived this season at Quebec, up to the 19th ult., were 18,131; same time last year, 38,159. A few days ago, a party of Irish labourers, who had received, as they supposed, some offence from a few Canadians, at Beauharnois, attacked and nearly killed two respectable old inhabitants, who had nothing to do with the affair. Another great fire at Toronto has burnt about twenty houses; and the Methodist meeting at Waterloo has been burnt down by some incendiary. The crops in both the Canadas are abundant. American coarse cottons are sold there in great quantities, at a lower price than European goods of the same class.
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ARRIVAL OF THE EMPEROR OF RUSSIA AT BERLIN.--The Emperor of Russia arrived on the 6th instant at Berlin.
THE DISTURBANCES AT BOLOGNA.--A letter from Bologna, September 2, in the _Debats_, says:--"Notwithstanding the nomination of a military commission, and the display of numerous forces, some armed bands have again appeared, as is reported, in our province. One was commanded by a priest at Castel-Bolognese (district of Ravenna). This state of things does injury to trade and business of every description. The greatest number of depositors have withdrawn their funds from the savings' banks. A circular has been sent round to all the mayors of the province, giving a description of eight persons, for the arrest of each of whom a sum of 300 crowns (1,700f.) is offered."
COLONIES AND EMIGRATION.
EMIGRATION DURING THE LAST SEVENTEEN YEARS.--From a return furnished by the Emigration Board, it appears that the number of emigrants from England and Wales, in the seven years from 1825 to 1831, were 103,218, or an average of 14,745 yearly; in the ten years from 1832 to 1841, 429,775, or 42,977 per annum. Total number in the last seventeen years, 532,993; or an average for that period of 31,352. But the rate of emigration has greatly increased of late years, as is shown by the fact, that while the emigration of the seven years ending 1831 averaged only 14,745 per annum, that of the last ten years (ending 1841) averaged nearly 43,000 per annum.
NEW SOUTH WALES.--The monetary and commercial disasters which have afflicted this important colony are most serious, and they are thus alluded to by the colonial press:--"Our next mail to England will carry home the tidings of fresh disasters to this once flourishing colony. The fast growing embarrassments of 1841, and the 600 insolvencies of 1842, have been crowned in the first third of the year 1843, by the explosion of the Bank of Australia, then by the minor explosion of the Sydney Bank, and, last of all, by the run on the Savings Bank. These three latter calamities have come in such rapid succession, that before men's minds recovered from the stunning effect of one shock, they were astounded by the sudden burst of another; and we are convinced that at the present moment there is a deeper despondency and a more harrowing anticipation of ruin to the colony than ever existed before since the landing of Governor Philip, in 1788."--The run upon the Savings Bank at Sydney originated, it is said, from malice against Mr George Miller, the accountant, whose exertions had been very useful in exposing the mismanagement of the Bank of Australasia. Reports were circulated that the Governor had gone suddenly down to the Savings Bank and demanded a sight of all the bills under discount and mortgages, and that his Excellency declared that he would not give three straws for all the securities put together; but this statement regarding his Excellency is flatly contradicted. Many of the largest holders of land and stock in the colony are said to be so irretrievably embarrassed, by reason chiefly of the high prices at which their investments were made, that their property must go to the hammer without reserve. The present time is, therefore, held out as a favourable opportunity for emigrants, with moderate capital, to make their purchases. It is broadly declared that 500_l._ would go as far now in New South Wales, in the purchase of land and live stock, as would 5,000_l._ four or five years ago.
Australia has been, in some respects, unlucky in its colonization. New South Wales has hitherto flourished from its abundant supply of convict labour, at the expense of those higher interests which constitute the true strength and security of a state. Western Australia was planted with a sound of trumpets and drums, as if another _El Dorado_ were expected. But the sudden disaster and discredit into which it fell, linked the name of Swan River with associations as obnoxious as those which were once inspired by the South Sea or Missisippi. South Australia, again, planned on principles which are universally recognised as containing the elements of sound and successful colonization, has also proved a failure. One of the newest and most enterprising of our Australian settlements, that of Port Philip has been sharing with Sydney in the recent commercial distress and calamity; and though it is already getting over its troubles, it must undergo a painful process before it can lay an unquestioned claim to its title--Australia Felix. Land jobbing; banking facilities at one time freely afforded, and at another suddenly withdrawn; ventures beyond the means of those engaged in them; imprudent speculations, in which useful capital was either rashly risked or hopelessly sunk--these unquestionably have been amongst the causes which have brought on the commercial disasters of New South Wales. It is seldom advantageous for an emigrant, newly arrived, to become a proprietor of land in any part of Australia, unless his capital be considerable; but the eager desire to become possessed of the soil overcame all prudential considerations; land at Port Philip was eagerly bought, at prices varying from 12_s._ to 500_l._ In 1840 the influx of moneyed immigrants from England and Van Diemen's Land, to a newly-discovered and extensive territory, produced a land fund exceeding the sum of 300,000_l._, and engagements were entered into by the colonial Government, on the faith that the land fund would produce annually a large amount, but in 1841 it fell down to 81,000_l._; and though in 1842 as much as 343_l._ 10_s._ per acre was given for building ground in the town of Brisbane, district of Moreton Bay, it was impossible for this to continue; and even for valuable lands in the neighbourhood of Sydney, in the very same year, wholly inadequate prices were obtained. The colonial Government became embarrassed by the expenditure exceeding the revenue; and in 1842, Sir George Gipps, in an official despatch, says, "Pecuniary distress, I regret to state, still exists to a very great, and even perhaps an increased, degree in the colony, though it at present shows itself more among the settlers (agriculturists or graziers) than the merchants of Sydney. When, however, I consider the vast extent to which persons of the former class are paying interest, at the rate of from 10 to 15 per cent., on borrowed money, I can neither wonder at their embarrassments, nor hope to see an end to them, except by the transfer of a large portion of the property in the colony from the present nominal holders of it to other hands, that is to say, into the hands of their mortgagees or creditors, who, in great part, are resident in England." This official prophecy is now in the act of fulfilment; and when the storm has spent itself, the colony may be prosperous again.
CAPE OF GOOD HOPE.--The want of Government protection which is felt by the British resident at the Cape of Good Hope is well illustrated by the following extract from a letter addressed by the writer to his family at home:--"I am sure I shall be able to get on well in this country if the Caffres are only prevented from doing mischief, but if they go on in the present way, I shall not be able to keep a horse or an ox, both of which are indispensable to a farmer. Now I can never assure myself that when I let my horses go I shall see them again. It is a disgrace to our Government that we are not protected. As it is, all our profits may be swept away in one night by the marauders."
NEW ZEALAND.--We understand a box of specie was placed on board the _Thomas Sparkes_, in charge of the captain, for Mr Chetham. On the owner opening the box, he discovered to his great surprise that, by some unaccountable process on the voyage, the money--gold, had been turned into one of the baser metals--iron. It is stated that the steward left at Plymouth, and the first and second mates whilst the vessel was detained at the Cape, but whether they had any agency in the transmogrification of gold into iron remains to be proved.--_New Zealand Gazette_, Feb. 4, 1843.
POLITICAL.
THE ABORTIVE COMMERCIAL NEGOTIATIONS WITH SPAIN.--Senor Sanchez Silva, known for his speeches in the Cortes, as deputy for Cadiz, has published, in an address to his constituents, an account of the negotiations between the Spanish and British Governments relative to a treaty of commerce. The effect of this publication will be to undeceive the minds of Spaniards from the idea that the Regent's Government was about to sacrifice the interests of Spain, or even of Catalonia, to England. The terms proposed by the Spanish commissioner were, indeed, those rather of hard bargainers than of men eager and anxious for a commercial arrangement. Senor Silva says that England, in its first proposals, demanded that its cottons should be admitted into Spain on paying a duty of 20 per cent., England offering in return to diminish its duties on Spanish wines, brandies, and dried fruits. But England, which offered in 1838 to reduce by one-third its duty on French wines, did not make such advantageous offers to Spain; and the Spanish negotiators demanded that 20 per cent. _ad valorem_ should be the limit of the import duty of Spanish wines and brandies into England, as it was to be the limit of the duty on English cottons into Spain. This demand nearly broke off the negotiation, when Spain made new proposals; these were to admit English cottons at from 20 to 25 per cent. _ad valorem_ duty, if England would admit Spanish brandies at 50 per cent. _ad valorem_ duty, sherry wines at 40 per cent., and other wines at 30 per cent., exclusive of the excise. Moreover, that tobacco should be prohibited from coming to Gibraltar, except what was necessary for the wants of the garrison. The English Government, in a note dated last month, declared the Spanish proposals inadmissible. If the Spanish Government did not admit the other articles of English produce, the duty on Spanish wines could not be reduced. English cottons were an object of necessity for the Spanish people, and came in by contraband; whereas Spanish wines were but an article of luxury for the English. Senor Sanchez Silva concludes, that it is quite useless to renew the negotiations, the English note being couched in the terms of an _ultimatum_.
CORRESPONDENCE AND ANSWERS TO INQUIRIES.
London, September 13, 1843.
Sir,--I have read your preliminary number and prospectus, and the first number of your new periodical, the ECONOMIST, and it gives me pleasure to see the appearance of so able an advocate of free trade, the carrying out the principles of which is so necessary for the future welfare and prosperity of the country, and the relief of the distress which is more or less felt in all the different departments of industry.
I belong to the class who have their sole dependence in the land, and have no direct interest in trade or manufactures; and feel as strong a wish for the prosperity of agriculture as the Duke of Buckingham, or any other of the farmer's friends; but I consider the interests of all classes of the community so intimately connected, and so mutually dependent on one another, that no one can rise or prosper upon the ruins of the others. Like your Northumberland correspondent I am fully convinced of the impolicy and inefficiency of "restrictive corn laws," and of the benefit of "the free-trade system" for the relief of the agricultural, as well as of the manufacturing, the shipping, or any other interest in the country; and I should also be glad if I could in any way assist "in dispelling the errors respecting the corn trade that have done so much harm for the last twenty (eight) years."
The intention of the corn law of 1815 was to prevent the price of wheat from falling below 80s. per quarter; and it was the opinion of farmers who were examined on the subject, that less than 80s. or 90s. would not remunerate the grower, and that if the price fell under these rates, the wheat soils would be thrown out of cultivation. Prices, however, fell, and though they have fallen to one half, land has not been thrown out of cultivation. Various modifications have since been made in the scale of duties, but always with a view to arrest the falling prices in their downward course; but all these legislative attempts have been in vain; and so far as the farmer trusted to them, they have only misled him by holding out expectations that have not been realized.
But though the corn laws failed in keeping up the price of corn as high as their framers and supporters wished, they succeeded so far as to enhance the price of this first necessary of life, and make it perhaps 20 or 30 per cent. dearer than it otherwise would have been to all the consumers, even the poorest tradesman or labourer in the country.