New York State College of Agriculture At Cornell University Ithaca, N. Y. Library HG 230.M74™" ""'"""^ "-ibrary 3 1924 013 816 420 The original of tliis book is in tlie Cornell University Library. There are no known copyright restrictions in the United States on the use of the text. http://www.archive.org/details/cu31924013816420 LITEEATUM, POLITICS, FINANCE. THE CKEDntlTY OP DDPK8 IS AS INEXHAUSTIBLE A3 THE INVENIIO-"( OF KNAVES. Burke. LONDON: DANIEL F. OAKET, 10, PATERNOSTER ROW. LIVEEPOOL: PHILIP AND SON. MANCHE8TBK: DINHAM AND CO. EDINBOEQH : MENZIE8. OLA8G0W: LOVE. DUBLIN: W. EOBEETSON. OXFOUD : E. T. 6PIEE3. CAMBBIDOE : HALL AND SON. 1858. We say, notes issued in the nation's name, bearing proportion to the wants of trade, are money fit to measure man's eichange of mutual aid in living. Human need of money stamps its value, not the Mint. And money's uses in the commonwealth of industry, should measure the supply of legal tender, not the ebb and flow of golden quicksands in Threadneedle Street, INDEX. TABS Adventures in Search of a Country Eesidenee ... ,■ 330 Art Season, the now Bank Charter Act, the 72,144,216,296,360,432 Blind Leaders of our Times, the 324 Bone from Blackfriars, a 250 Brief Notices 64 Country Gentleman, Reminiscences of a 397 Court Sword, the Making and the Wearing of My 414 Crowner's Quest, the 254 Daddy Hubbard's Currency Pie 58 Des Preaux's Kansom ... ... ... ... ... ... ... ... 354 Draft Beport of the Select Committee on the Bank Acts 265 Dramatic College, the ... ... ... 319 Edith Clarel 1,73,145,217,297,361 Esther Thames on Trial " 198 Flower (the), the Feather, and the Leaves 295 French Manners ... ... ... ... 168 Q-rundy, Mrs., and the Committee on the Cause of the Panic ... ... 241 Hard Calculator, the ... ... 40 Holes in the National Money Bag ... ... 115 Joshua Squaretoes, Esq., Mayor of Flamborough, (to) ... 427 Letter (a) on Political Responsibility "' - "iM ^^'^ Lizzy's Loeket '"^sl., 342 London Joint Stock Banks, the ... .;.' 43 INDEX. Money (the) of British India ... Month, the Notes of the Month ... Opium Trade (the), and Salt Tax in India Oude and the Land Tenures of India Overstone Theory of Trade, the Paper and Gold ... Perch for our Jail Birds, a Piedmont and Naples ... Pigeons and Crows ... ... ... ... Pitt's Ghost, and the late Chancellor of the Exchequer Polities of the Month ... . Putting on ye Screw ; or John Bull his Martyrdom Query for Theorists, a . . . Kail ways : their Prospects and Retrospects ... Kaisingofthe Siege, the Kichmond Forest : an Eclogue Shelley, and the Poets of his Age Situation, the Slavery and the Cotton Trade... Sonnet ... Starving Operatives, Advice to our ... ... ... Stepfather, the ... Taxation and Bullionism They told me when My Heart was Young ... Time Breaks upon Eternity ... Traps for Testators Twaddle of " The Times," the Where shall "We Play ? Woe is Me, My Party.,. 52 358 66, 139 32 121 ... Ill .,. 420 352 ... 163 46 24 211, 260 ... 183 ... 138 ... 312 90 38 59, 200 17 175 296 403 407 106 232 351 233 55, 130, 190 ... 101 ... 127 PREFACE. The Monet Bag originated in our desire to draw the attention of the over-burdened people of England to the practical causes, gene- rating periodical paroxyama of commercial disaster with such fatal regularity of recurrence, that the sufferers seemed in danger of sinking into a predestinarian apathy, cowering beneath the scourge as a grievous but inevitable dispensation of Providence, instead of girding themselves to extirpate it as a canker in the commonwealth, resulting from human bigotry, selfishness and folly. Our object has been to rouse the people from their lethargic gloom of helpless, uninvestigating fatalism, to a sense of their real interests, and the power to assert them which slumbers in the people's hands, "We have attempted to show that commerce lies fettered and crippled by what might be called an insane financial system, if it had not been invented, imposed and upheld by that self-ended and dog' matic money-dealing clique, whose wisdom lies in deluding the judg- ment, and whose interests are served by undermining the prosperity of the great productive community. Producers, who have invested their capital in appliances for the elaboration of Nature's bounty to supply human wants with those necessaries, comforts and luxuries, the command of which makes human weal, cannot feel secure, however sound their trade, while the vi PREFACE. free mutual interdistribution of the substantial wealth they hold is liable at any moment to sudden and spasmodic cramp from a dearth of the medium of exchange. They know, or should know by this time, that such dearth can double the weight of their current liabilities, and force not only their stock but their establishment on a bankrupt market. It is therefore to the producer's interest that the circulating medium should be steadily maintained — in quantity proportionate to the work and stuff it has to distribute — in value equable, as measured in rates of interest and discount, or as tested by its general purchas- ing power over commodities. Usurers, on the other hand, who reserve their capital (uninvested in productive enterprise) for favourable operations during special phases of commercial fluctuation, obviously find it to their interest that the quantity and purchasing power of the circulating medium should be as variable as possible ; so that their stagnant hoard may, when money is scarce, purchase commodities (depreciated by money tightness), which commodities (when money is plentiful again, and prices have risen in consequence), they willbe able to sell at a profit proportionate to the violence of the jolt in the purchasing power of money. Our existing money laws, whatever may be urged in favour of their theoretical plausibility, are incontestibly successful in securing that swift and violent fluctuation in the quantity, purchasing power, interest, and discount of money, so desirable to the money dealer, but so disastrous to the producer. "With the producer's interest we must connect those of the distributor of produce— the wholesale and retail tradesman, whose loss in pressure may arise from a de- preciation of the stock he holds, or from a falling off in the custom of operatives, whom the producer, during such periods, ceases to ' employ. The operative's share, in national disaster is the bitterest PREFACE. vii and most palpable of all. He experiences in a living stomacli the pangs which his employer feels in an iron safe. The Bank Charter Act is the dry rot in our English heart of oak. Money exists to effect the mutual interchange of wealth. "Wealth is the offspring of nature's womb, engendered by human work. The quantity of lawful circulating medium in a country ouffht to depend on and be proportioned to the quantity of work that can be done and the quantity of stuff that can be used by a nation. Such a supply of circulating medium would be national money.- The Bank Charter Act makes the quantity of lawful circulating medium depend on the capriciously accidental fluctuation of a particular metal which is not even allowed to find its level at the market price. The Bank Charter Act practically forces England to buy gold dearer and to seU it cheaper than the market value of gold in the world at large, thereby causing those expansions and contractions of money which bring grist to the money dealer and gruel to trade. Interest and discount, fluctuating in reference to a few tens of millions in gold and Bank of England notes, vitally affect the profits of trade on 'thousands of millions worth of goods, through the gigantic surface of biUs which (in the absence o£ sufficient national money) form the practical medium of exchange among the dealers who hold these goods. At a moment when our domestic commerce is most pros- perous, a draia of bullion, from foreign causes, can raise discount, stagnate the circulation of bills, throw goods wholesale on the market, paralyse labour, and bring a country full of wealth to ruin. When goods have fallen to panic prices, gold returns. The foreigner having bought our gold for less than it was worth, keeps it tiU its absence, by tightening the money market, has driven down our prices far below cost level. Then he brings back the bullion to purchase our depreciated commodities. The Bant coffers are glutted, viii PBEPACE. but trade has burnt her fingers, and dare not touch it. Money is ' plentiful, but no one wilt venture his capital— no one dares trust his neighbour. Money in plenty! but the mutual confidence which solders the relations of commerce, where is that ? The base shifts of lawless need have destroyed the sacred bond between man and man. The commercial energy and honour of England, once our pre-eminent pride among the nations, are paralysed to the extremi- ties and corrupted to the core. As to our magazine, our first effort was to make it readable ; for unless it succeeded in offering a shilling's worth of palatable reading to average readers, the truths we intended it to spread must remain smothered in the lump under our bushel of prose. Some of our literary antagonists, on the usurer's side, have reproached us with being less dull, and harping less monotonously on one string than was legitimately to be expected of financial reformers. We can only say we have done our best to be instructive, without aspiring to the dignity of didactic boredom. We have at least been earnest and plain spoken. If any of our suggestions have aided the people of England in extracting the sweet uses of political economy out of the bitter dregs of their adversity, we are sufficiently rewarded for our endeavours to point the moral of the panic. Por we firmly believe that this season of calamity will not pass over us in vain. These nipping frosts of national discontent are ripening the backward harvest of reform. When the people are out of work the Consti- tution is iii labour ; and we hope this time the country's deliverers may not coiltrive, with their usual obstetric felicity, to render the birth abortive. EDITH CLAREL: A STORY FROM THREE POINTS OP VIEW. CHAPTEE I. DENZILS ELITE BOOK. " Theee are several ways of taking it. You may take it as a trial and au education for a better life ; that is perhaps the true way of taking life, but unfortunately very uncommon. " Tou may take it as a very sound and serious thing in itself, and set yourself earnestly and indefatigably to win the prizes of Mammon. That would be a tolerably true way too, if this life were only a little more, durable, and if wo could only be sure that the prizes of Mammon were worth pretty near as much as they cost. " But the usual, and therefore of course the most respectable way of taking life is the practico-draraatic method, in pursuance of which ve &gree to make a, plausible j)retence of treating life as sound and serious — performing our respective parts in that crowded, unwieldy and dull tragi-comedy, ' The Triumph of Mammon.' "This undeniably tedious drama, however, notwithstanding all that criticism may have said, or may have yet to say against it, continues nevertheless to be daily and nightly represented to an audience of weeping angels in the upper circles and of grinning demons in the pit, who are highly amused or profoundly affected according to their divers instincts. "As to the performers, they keep it up with a perseverance worthy of a better cause, though in the bearing of most of them you may No. 1.— Vol. I. b a EDITH CLAREL. see an anxious sbabby-genteel consciousness that they are badly paid for their dreary efforts to make the thing go off cheerfully. " But there are a few spare places in the lower stage boxes, where performers, weary of the heat and turmoil and elbow-jostling of the stage, may retire from its feverish huddle and become spectators, laughing with the demons or weeping with the angels as the humour stirs them. They have had their tussle in the property room for the gilt-pasteboard, glass-gemmed diadems, and the rabbit-skin and horse- hair ermines. They have had their solemn strut up to the sumptuous banqueting-table. They have had their 'choice cat out of the papier mach6 pasty. They have tossed off their glittering goblet of embossed and gilded copper with such eager apparent relish that the dust and verdigris at the bottom fell in their eyes. They have courted the rouged and whitewashed maiden of the golden wig, and have received at her hands a bunch of the most fragrant artificial violets, gathered from; a sliding property flower-bed by the light of the muslin moon. " I think all the men and women have occasional glimpses of suspicion that they are ' merely players ;' but they do not like to think so, and are a little shocked and annoyed if they are reminded of it, except on Sundays, when they have become accustomed, as a matter of form, to hear that things temporal are dust and ashes. There are occasional subterraneous rumblings and earthquake shocks that drown the theatre's thunder machine ; and even now and then rift open the painted heaven of the roof, so that the true daylight from above breaks in and makes the chandelier and foot-lights turn pale. The rant and revelry of the stage pause in grotesque attitudes of ghastly pantomime. But the carpenters soon patch up these temporary gaps, and the performance goes on as before." The above is not my writing. I couldn't write such stuff as that, not if I was paid ever so much for it. It is an extract from Denzil's Diary. Not a regular diary ; he had a thick quarto volume of satin- wove, gilt-edged rhodomontades and rhapsodies bound in sky-blue morocco, with a large silver lock made on purpose for the book by Bramah. It was a queer fancy ; but Denzil was full of queer fancies. He needn't have been the least afraid of anybody reading his meanderings, they are scribbled in the most illegible hand. I don't think he would have got anybody to read much of them even if he asked them as a particular favour. There was no connected journal, but whatever whims were uppermost in his mind, he scratched them into his Blue Book. He thought he had a turn for literature ; and I dare say if he hadn't had three thousand a-year he might have learned to string his EDITH CLAREL. 6 ' wits together. As it was, his style was the desultory run mad ; and indeed he had no perseverance. JSTobody knows what he meant by his multifarious beginnings. He sickened of everything he put his hand to. He used to read his scraps to his friends sometimes, especially to me, as I used to praise it whatever it was ; for he was very sensitive to praise and blame, and his friendship was valuable to me. As to his rigmaroles, I never much understood what he was at. But I have often observed in his case as well as many others, that one gains a great deal more popularity with, clever people and people who fancy themselves clever, by looking as if you understood them, and saying that it's devilish fine, than by really understanding what they are at. For your conscientious folks who trouble their wits really to get to the bottom of the oracular stuff your man of genius will deliver, are sure to have something or other to say in return which qualifies or contradicts, or someway puts your man of genius out of conceit with his idea. It's a very great mistake to put a man of genius out of conceit with his ideas if he is of any use to you. A man of genius is easier guided than a fool. And, indeed, you can guide most men with praise and blame as easy as you can a horse with a snaffle. Your man of genius has always a tender mouth, but a fool will often take the bit in his teeth when you least expect him. Peect Denzil was a strange feUow. There was something about him different from other fellows, and yet I cannot exactly say what it was. His manner was certainly not awkward, though he was perhaps a little shy sometimes. His looks too were in his favour — rather distinguished. He was not regularly handsome, but he had wavy brown hair, and deep blue eyes, with eyelashes darker than the hair, which seemed to mean something. His figure was rather gaunt and bony, but he had good hands and feet and held himself well, so that his clothes hung well upon him, and women were not indisposed to look upon him as a hero. He had seen a deal of life ; in fact he had done almost everything^ and been almost everywhere. He had hunted buffalo in the prairies, and ostriches in the African deserts. But he had no more practical knowledge of the world than a chUd. He lived in a sort of dream, and saw everything through a haze of imagination. He was apt to be melancholy at times, from my first knowledge of him at Oxford, where, however, he only kept a term or two. But about the time I am writing of, it had fixed upon him more firmly. He was about seven and twenty. That extract is from about the middle of the blue book. He read it me at the time, and said it was the beginning of an essay, in which he meant to show that life was not worth having. I did not pay much attention to it then, and 4: EDITH CLAREL. oaly said it was very deep and brilliant philosophy, and promised to be a first-rate thing. But it set me thinking afterwards, especially as, a few days later, he had begun a discontented poem on the next page, that seemed to be a bad imitation of Byron. I may perhaps as well give it ; for these papers (except a few comments of my own here and there, to keep the reader straight) will be principally com- posed of extracts from the Blue Book, with collateral fragments from the journal of a woman who has yet to be introduced. How I became possessed of these two books cannot be told yet without damaging the interest of the story, which the extracts and commentary will develope by degrees. The verses are not much to the purpose, but they will serve to show the state of mind Denzil was in at the time the story begins. " la anything worth doing? That I aak; Not that I care that any one should say, ' If you perform this, that, or t'other task. We guarantee that you will find it pay—' Because I know the world 's an ebbing cask. That stinks of sour small beer. And day by day I, for my part, am growing sick and sicker Of that stale, flat, unprofitable liquor. " Is anything worth doing ? I repeat. Is anything at all on earth worth doing ? Sail round the world, or walk across the street— ^ Try letters, sloth, trade, politics, or wooing ! And every shift is but a new receipt For that small beer which all mankind are brewing — That small beer, flat, unprofitable, stale. Which never was, may, can, or will be ale ! " Try courts or camps, where they make wars and peaces ! You'll find them both so dull they can't be duller. Try savage life ! Lo, calumets and creeses ! The same materials, of another colour. As novelty wears off, excitement ceases : Experience, the inexorable annuUer, Soon blunts the edge of everything we try. Till, as our last expedient, we die. " If this be so, is poetry worth -writing ? Or, haply written, reading ? No, of course. Yet quite as much worth while as trade or fightin". Ambition, love, or betting on a horse, Or cards or dice— with which men, first deHghting, Soon bored, then ruined, the world keeps in force. Give me the odds ! I back my winged hobby To give your field of foundered hacks the go-by EDITH CLAREL. 5 " Hail, Muse ! I've no pretence to be inspired ; But greatly bored I am. Sing, therefore, Muse, Of Boredom. Let my harp twang brazen-wired, Jai-ring the teeth of every soul that chews. I will grind music (such as might be hired To leave the street), and every bribe refuse. In joy or sorrow — bury, wed, or christen — I'll sing so shrill you cannot choose but listen.'" Here the poem, as was usual with Denzil's literary undertakings, stopped short in a black quagmire of acratchings in and scratchiugs out, where he appeared to have got entangled in a stanza which he couldn't bring up to quite a shrill enough pitch. But from these and other signs I got the impression that he was considerably bored ; and might very likely leave England on one of his wildgoose chases, unless he was looked after. This would not have suited me at all— for I was hardish up, and had made a most confounded book on the Derby which, without his assistance, would probably wind me up for good. So I cast about for some way of keeping him safe. I could hit on nothing better than making him fall in love — which I accord- ingly did. CHAPTEE II. I HAT) been for some time very intimate with the Clarels. Edith Clarel was a very pretty girl at that time — certainly very cjiarming and calculated to create an interest. She was rather small, but beautifully made, with a small thoroughbred-looking head. She was light and quick, but not undignified in her movements. She had rich deep auburn hair — brown auburn with no suspicion of red — with a slight wave in it. She had liquid brown eyes with a deal of life in them ; her complexion was transparent like the inside of a shell ; the features were very variable in expression, and the colour often changed, lightening or deepening with her humour, though she very seldom blushed outright. Indeed, I don't think I ever saw her blush. I have seen her grow deadly pale when any other woman would have blushed. But she was never floored by anything — as sharp as a needle and as bold as a lion, with a pride and devil in her that was beyond belief. But of that I did not know so much then as now. I had been struck with her looks at some indifferent little third-rate party where I went, rather against the grain, to look after a vulgar heiress on the out- skirts of society — only there because of her money — and her money 6 EDITH CLAEEL. was so tied up that I never thought more of her after I had seen her soap-chandling father's will at Doctors' Commons. Besides which I really was very much struck with Edith Clarel, so that the very day after making her acquaintance, I went to look up the will and calculate the soap-chandling proceeds. They turned out as such things always do in practice, much below the current figure ; and, moreover, the soap-chandling mamma was a coarse, healthy widow of forty, with a heavy jointure ; so I washed my hands of the soap, and for a time turned my whole attention to the Clarel speculation. The Clarel speculation looked very well, at first. Edith was an only daughter. Clarel was a man of good family. I looked him out in Burke's Commoners. It was an immemorial squiredom in Devon- shire. Clarel, of Caercombe, since the Conquest, or the Deluge, for anything I know. Name in Battle Abbey roll. Clarels knighted under the royal banner at Cressy or Agincourt. In short, very respectable, and I went in with great vigour. The lovely Edith was highly educated and accomplished. Her talk was rather diflELcult to stand before; and she had a way of stop- ping short for an answer, and looking through you with her eyes, that required some tact and management. Still, though I knew very little, and cared less, about her subjects, I am well up in the art of conversation. In order to converse well with women it is not neces- sary to know anything, though of course knowing something makes it easier. If you listen well, look interested, and follow the expression of the eyes you are talking to as near as you can with your own ; if you never hazard a remark you are not pretty sure of, and only in places where your talker's knowledge seems weakest ; if, in your dealings with women (who, on proper encouragement, are almost all loquacious), you adopt, in listening, an air of courtly deference for the sex, mingled with an assumed condescension of the male mind ; if, above all, you veil your commonplace in mysterious reserve, you may manage to talk and act a very tolerable bass accompaniment, to which they will cheerfully trill away their treble prattle, and ten to one find you a most interesting companion. Tour young men of talent, who love the sound of their own voices, are almost always offensive to women. If you speak out to a woman you ten to one offend her prejudices or hurt her vanity. To win a woman's aifections it is usually quite sulScient to make her think that you appreciate her, which is done by giving her sympathetic opportuni- ties of setting herself out before you in all her most attractive points of view ; if you do this skilfully, she will soon love you as she loves her looking-glass. But your clever fellows usually make the most fatal mistake in the world. What they are bothering and driving at EDITH CLAKEL. 7 is to make the poor dear creature appreciate them. Then, as both parties are aiming at the same thing, there is a struggle, and they nettle one another's vanity, which is very good sport for by- standers. But it is a death-blow to a woman's respect for a man to see that she can nettle his vanity ; and I must allow this in favour of women, that they are very little inclined to love a man whom they don't respect ; whereas men very often fall violently in love with women for whom they have the greatest contempt. But, on the other hand, it must equally be confessed, that women often have a great deal of respect for very contemptible fellows. Be that as it may, I saw that I made way with Edith, and that I excited her curiosity. She made up her mind there was some mystery about me, in which she was right enough ; for there were two features of my character I kept very dark; my profound ignorance of literature, art, and politics, which she had at her finger ends ; and my almost equally profound science and application of all the secret self-ended machinery of human motives, which, being of an open impulsive nature herself, she had but little key to. She was full of absurd, enthusiastic notions of romantic devotion to what she called " great causes," disinterested heroism, and the sort of bosh that is written about in " high art " novels. It used to bore me rather, of course. But it is quite fatal to a courtship if you check a woman's enthusiasm. Besides, whatever she prattled about, I liked the sound of her voice ; and I am not such a lover of the ugly truth as to be tempted to contradict her amiable fancies with my unsatisfactory experiences. When she was botanising the pretty mosses on the sunny surface of the human heart, it was obviously not my interest officiously to turn the stone, and show her the ugly truth, like a clammy, venomous toad, squatted among the bleached grass-roots below. She thought I sympathised with her. I knew by her smile whenever we met that it was beginning to work a little. But I have it written in her journal. " Mr. Knyvett, " she writes, " improves with acquaintance. His opinions are still a mystery to me. There is something strange and gloomy in his views of life which I gather more from his manner than his words. I used to think there was something in bis smile and in the sound of his laugh, a shadow of a sneer, that gave me rather the idea of an amiable and polite fiend. But I feel my influence in the echo of his mind, and fancy I am helping to purify its tone, &c." There is a good deal more about me, but this extract is from an eairlier part of her journal than much affects my story of Denzil's courtship. Meanwhile I had not neglected to make all the proper iuquiries. The Olarels were not much in society. They had lived a great deal abroad in out-of-the-way places. I made out who Mrs. Clarel had 8 EDITH CLAREL. been. She was half a foreigner, daughter of a British consul some- where in Sicily ; one Macarthy, who had married the daughter of some small Sicilian count. Mrs. Clarel had the remains of great beauty. She was not precisely vulgar, hut had a foreign manner and a consular weakness for rank. She favoured my suit. I am the second brother of an Irish viscount, not of Irish descent, but Mrs. Clarel would have it that the IMacarthys were connected with my family, and as I frequented the house very much it was convenient to accept the cousinhood. Clarel had been kidnapped by the hospitable Macarthy very young. He was not forty now — a good-looking, accomplished, flighty man — blase with the world, rather weary of his wife, and very fond of his daughter. They had only come to live in London on the daughter becoming marriageable ; of course society was not easy to them. Clarel belonged to the Travellers', and was a gentleman. But his acquaintance were chiefly unmarried men of his own age. He was not a man either to push his way in society, much less his wife's way. He left his wife to take very much her own course. She knew as much about London as I do about Palermo. If she had lield back prudently and kept aloof from all but the right sort of people, she would have got into society well enough in a year or so ; but she fell into the common error of being in too great a hurry. If you take tlie first acquaintances that come, they are always bad acquaintances. People who are worth knowing always have quite plenty of acquaintance already, often more than they want. So Mrs. Clarel swamped herself with third-rate people. I could help her to a profusion of third-rate parties of rather a better class, where I should never have gone (except to meet Edith), and whose cards never stood in my looking-glass. The mother was grateful, and Edith ran very little risk of meeting anybody who might be likely to cut me out. Parties given by smirking dames of agricultural baronets, where the men were either callow chicks of fashion learning to dance, or full-grown bumpkins with an ill- disguised dialect and country manners. The mother encouraged my suit. She knew my brother had been married five years, and had no children. She had heard he was worth twelve thousand a year, and did not precisely know what an Irish estate of twelve thousand a year meant. She had heard that my fortune was twenty thousand. It was fifteen, not paid up, and the interest not very easy to come at. She often asked me to dine. The dinners were not good. They had an Italian cook, whose style was greasy. But my heart was beginning to be afi"ected ; so I ate the dinners and thought of making a declaration. But before I did anything desperate, I thought it better to go down EDITH CLAREL. \) to Devonshire on a fishing expedition. The Caer, which runs through the estate, is a very fair trout stream. The place built in the. reign of Henry the Seventh. Handsome trees in the park — pretty scenery. The property was something under four thousand acres, in a ring- fence : but I was very much taken a-back to fi.nd it was mortgaged over head and ears. They did not get more than fifteen hundred a year out of it. Clarel was constantly increasing his debt — had a shyish agent — and was outrunning the constable much faster in London, of course, than while he lived abroad. When I came back to town, I began gradually to back out of the business. I was sometimes engaged when they asked me to dinner ; and when I went, I let my character show a little more freely in my conversations with Edith. I let some cold draughts of night air in upon her pet enthusiasms. She did not know what was the reason, poor child, but I saw she felt a change in the temperature. The mother was still more in the dark — she thought I was in the intermitting chills which usually precede a proposal. "When she asked me why I came less often, I always said it was because Denzil, who was my greatest friend, was come back from the East. Meanwhile, I talked to Denzil enthusiastically about Edith. He was going out in great society, which rather bored him, of course, as he had as yet few acquaintances in it, and writing his discontented scraps about the hollow mockeries of it. This brings me to the legitimate beginning of my story. I awakened his curiosity about Edith, and the mother's curiosity about him. 1 caused them to meet at the house of a country baronet. I caused him to leave a card at the Clarels'. We were asked to dinner, and were not engaged. Now I have brought them on the scene, and they can go alone, in their own language, for I have both their lock-up books. (Her's is the pinlc book, and his the hlue), and the less of my heartless com- mentary probably the better for the interest of the story. Eor if the reader is romantic and enthusiastic (as I fully calculate on his or her being, at least in the theoretical life of literature, however self-ended and worldly he or she may be in practical conduct), it will by this time have become evident to her or him that the transcriber and elucidator of these interesting fragments is not what Denzil calls " a sympathetic spirit." The compiler will therefore for the future only put in his Mephis- tophelian interpolations of commentary when the principal per- formers are misled by their glowing imaginations— or where, amid their flights of fancy, they omit material particulars, of which the reader should not be left in ignorance. 10 EDITH CLAllEL. OHAPTEE III. [Here follows the next entry iu the blue morocco volume after the rerses ; only divided from the last legible stanza by a page of such inextricable blottings and blurrings that nothing could be made of it. And, indeed, he had crossed the whole page out in disgust.] I HAVE not written a word for a fortnight. I was seized with a loathing of pen and ink the morning after I had written those foolish ill-natured stanzas, in which I had overnight set about to disabuse the world of its errors. I have often thought overnight that I could write a book which should live for ever — but criticism cometh with sorrow in the morn- ing ; and what seemed brilliant at the time of writing, grows dull and pale almost before the ink is dry. Is this so with all human effort? All performance must fall short of the ideal. Man is a school-boy and his life is a copy-boob. Line after line with unsteady hand he scrawls his hopeless, weak-backed, sputtering imitation of the text at the top of the page — the unat- tainable text, in all the smooth, sharp, flourishing vigour of the master hand. That text is the ideal, written fair on our souls in the great schoolmaster's autograph, and the shaky straggling pothooks in weary reiteration, only varied by unseemly blots— that is our actual ! But the text we each copy from is visible only to the copier. Surely it was written fairer in some souls. The same hand and pen may vary with the roughness or smoothness of the paper. Perhaps the most gifted and successful men feel themselves as far behind their ideal as I do. If they are complacent with themselves, it is, perhaps, not because they did as well, or nearly as well as they imagined — but because they found on experiment they did as well, or better than other men expected of them. Tet some things which men have written are absolutely good. As good as they possibly could be ^ and surely the man who fashions a noble thought must feel its value. Or are noble thoughts sown broad-cast in this base existence, like golden grains in the slime of some barbarian river ? Are men finders not fashioners of noble thoughts ? Do they pick them up at random like the squalid savage who is willing to sell his nugget for a few glass beads ? How many finders of noble wit-nuggets have never minted their gatherings into current coin of practice for their own use ! Like the squalid savage, they took the gay bubble-beads of vanity in exchange, and played with them till they burst and cut their fingers. And of modern celebrities. How many of the men who have written the most remarkable books of the day would never have been EDITH CLAREL. 11 found out to have anything more in them than their neighbours, if they had not taken to pen and inli ! And even after their writings have drawn attention to them and made people willing to listen how little traces you can see of the genius of the book in the con- versation of the author ! It is only in their moments of inspiration that they seem to rise above the level of their feUow-men. And it seems that the men who have moments of inspiration at their desk, never have them anywhere else. Inspired speakers, too, are very seldom good writers. So that if you have read an excellent book and meet the author, he is almost sure to disappoint you ; whereas if you meet an eloquent author and afterwards read his book, it is almost sure to disappoint you too. People will say that speaking and writing are two very different talents. But it is only putting words to thoughts. The thinking is the heart and substance of both speaking and writing. The only difference is in the pace at which thought has to flow. I, for my part, in writing always find that thought runs round about my pen like a scampering ill-trained pointer round a slow- going gun, often putting up excellent coveys of ideas quite out of shot. But speech is a long-legged, long-winded sportsman, who walks well up to his dog, and keeps him steady by shooting everything that is put up. In speaking there is a succession of ideas one by one — while the one idea is present you have enough to do to express it as best you can, and when it is expressed you must (in order to go on) perforce take the next idea that presents itself. If your mind has the faculty, in speaking, of presenting even tolerably good ideas in succession, you will be more than a tolerable extempore speaker. For very few men venture to trust to the next idea that may happen to turn up, at least in public speaking ; nay, I fancy a great deal of the prose of conversation is so prosy because its utterers form their sentence in their minds before they begin to speak, or only venture on sentences they already have by heart in stock. Such people seem never to have tiny moments of inspiration at all, at least they never show it in speaking or writing. But then, like the sailor's parrot who " didn't talk none," they may be " stun- ners to think !" After all, what is inspiration ? Surely it is only that fulness of the heart from which the mouth speaketh — that intense concen- tration of the soul's faculties which, whether in speaking or writing, so occupies and possesses the imagination with its subject, as to wrap it in a fiery oblivion of all disturbing influences, all cowardly self-conscious qualms, and allow it to career along with the fearless freedom of a dream. The mind is like a crucible. Tou throw into it bits of information 12 EDITH CLAREL. of chance shapes and sizes, which, if you attempt to pour them out again while the cracible is cold, catch and hitch, and hesitate as if there were a moral stammer in one's intellect. But when the cru- cible is heated in the furnace of excitement, the loose rattling heap melts down into a glowing pool of liquid metal, which will run like quicksilver, and take the form of any mould you please. By the way, that old metaphor of a mercurial temperament is no doubt a part of this time-honoured comparison of spirit and metal which, in all probability, first occurred to Tubal Cain — a metal in a constant state of fusion — ready at any moment to take any shape, but capable of retaining none. All metaphors are old ; and every other word in language is originally a metaphor. Well, I am not mercurial. I have only my fits of fusion now and then ; sometimes degenerating into diffusion and confusion, as perhaps at present, but, on rarer occasions, rising to what the Trerich call effusion. I think this higher and more brilliant state of mind certainly oftener occurs to me in speaking than in writing, and when it does occur lasts longer. Perhaps, as I said before, that the process of writing is so much slower than speech ; and by more retarding the current of thought gives greater room for irrelevant ideas to break in upon it.- Possibly because the written effusion remains, and in a cooler moment may appear to be rabid common-place, while we give our- selves credit for having been really brilliant in conversation if we succeeded in fancying so at the time — especially if we were lucky enough to make some other common-place person fancy so too. Perhaps it is that as man is an animal of pre-eminently social instincts, intended to derive his chief pleasures, and attain his worthiest ends through the exercise of his faculties, in communion with his fellow- creatures, the human mind does truly operate with greater vigour and brilliancy while interchanging its functions with those of a sympathetic spirit, than it ever can in its abstracted speculation. Be that as it may, I think I have at last found a sympathetic spirit. I never loved but once. In poor Zanthe I knew a sympathetic heart. But her mental and spiritual development was a blank, though noble germs lay hid in the wild unbroken soil. I have met with a good many clever and agreeable dames cle par Je inonde. My judgment has often been carried away by some peculiar charm in a woman's society, which made me slow to discover flaws and blemishes of character, which in the end effected my disenchantment. But even in these cases I was never long undisturbed by some vague whisper of suspicion that I was EDITH CLAKKL. 13 worshipping an idol of my own manufacture— ihut I was the dupe of a fiction of my own invention. And so, one by one, each successive bubble world so delicately painted with imagination's iridescent colours, fell in a melancholy bleb of soap and water. "Will it be so again? It is difficult to compare the strength and seeming truth of present and yet unproved emotions with what one remembers to have felt under former delusions since exploded. And yet I surely never before met with such a sudden and com- plete attraction Mostly a woman's influence lights upon you unper- ceived, like a gossamer-winged seed ; grows upon you like a flower (or a thistle, as the case may be), and withers when the moisture of your imagination is exhausted. But Edith has taken possession of me — heart and mind and soul — all at once. There is something to be deducted, no doubt, from the moral force of this attraction, because she has bright eyes, delicately-moulded features, and all that glossy wealth of auburn waves — like a Greek gem in a rich Etruscan setting. But her beauty was not what struck me first. The first time I saw her, indeed, I was a little disappointed after Knyvett's glowing descriptions. I said, " Tes ! she seems a pretty little girl, but she is too small to be very striking!" He said, " As you get to know her, she will grow upon you till she makes you treat her as a giantess." And when she spoke to me — and looked through and through me with those wonderful deep searching hazel eyes — I forgot to think any more about her looks. I saw nothing but the eyes — and yet not so much the eyes them- selves — it was like looking at something, too beautiful and precious to be handled, through perfect crystal, where you do not remark the intervening plane because there is no flaw to break or blur the out- line of the treasure beneath it. I cannot help fancying that the physical frame is a sort of rude translation, into material form, of the spirit it masks and veils. The original essence doubtless differs very much, but the mask and drapery differ perhaps still more in the fineness and flexibility of material, which in various degrees reveal or disguise the form and move- ment and expression. How often it is a pasteboard mask and a buckram cloak in which our fellow spirits shuffle across the scene, so that though we get to know the mask and cloak, we never become acquainted with our fellow spirit at all ! The body is usually a rude unshapely hieroglyphic, of which the soul is a very imper- spicuous meaning. But it seems as if Nature in creating her had hit on some clear alphabet of flesh, in which (instead of puzzling doubt- fully as over the ancient cramped hieroglyphic) you may read at 14 EDITH CLAREL. * sigbt without remarking the form of the letters. The beauty of Edith is the beauty of perfect transparency. Knyvett says he feels afraid of her. I think it is her purity which awes him. There certainly is an awe which belongs to the sacred presence of purity ; some sympathetic touch that freshens up one's better nature, so that the old indelible stains come out blacker by contrast. Knyvett is a good fellow, for whom I have a strong aifection, and I believe he is really my friend. But 'l fear he is naturally almost without the religious element, and believes in the world much more firmly than in anything beyond it. His life, too, has been far from immaculate, and his conscience seems to disturb him far less than mine does. He is a little in love with Edith, but says she is rather too exaltee for his taste. Moreover he is entangled in the braid and gimp meshes of a fair and frail milliner, who loves him devotedly— is distracted by jealousy, and in the tenderness and tempestuosity of her aspirations and exasperations equally ignores the existence of the letter h. No' wonder he is a little embarrassed between the two objects of his attention. My heart has been long free from all but memories. The loss of my poor Zanthe seemed to have torn out of it all capacity for loving any more — just as a strong-stemmed, deep-rooted flower, wrenched out of a flower-pot, carries away most of the soil entangled in the fibres. That is not a bad simile, but it wouldn't do in print. After all, there is something ridiculous in comparing one's heart to a flower-pot — and I fear I have the vice of unnecessary similitudes. Here I am, lapsed from sentiment into criticism. That is the curse of Cadmus, which clings to men of letters, and perhaps still more to amateurs than to those who are regularly harnessed to the alphabet. "We get the habit of looking upon all emotion from the literary point of view. And there could be no better proof that the simile was unnecessary (and therefore bad art) than that it has caused me this awkward digression. Mem. — If I ever write a novel to avoid all ambitious ornament. Ah, poor darling Zanthe ! To think that my grief for thee should ever have dwindled to such lackadaisical lukewarmth that I should go about gathering horticultural parallels for it. Tet Zanthe ha:d the whole heart of my body in her dominion, and the life-blood of all its passion seemed to ebb away for ever in the tears that fell on her grave. Ah, my lost darling, it is little merit I have in being faithful to thy memory till now ! To have known what perfect love is in the stormy freedom of a barbarian soul, Avhere passion has room to take possession of the whole being, must dwarf and pale by comparison the timid conventional manoeuvres and mixed motives of civilised flirtation. EDITH CLAREL. 15 But it has overtaken me at last — a new spell has seized me. I feel myself to be changed. It is not the wild, cloudy, turbulent delirium of my early love ! I feel in Edith's presence, as I can imagine I might have felt if I had met with Zauthe's disembodied and chastened spirit in the calm pure light of another world — a world where only the fairer and nobler part of our love was remembered, with much more of fairer and nobler still in our mutual natures, which then our eyes — amid passion's volcanic vapour — were blind to, since revealed. I saw thee — and to thine my soul was drawn, Ta'en by surprise. After long years, once more upon me dawn My lost lore's eyes. Thou hast my Zanthe's eyes. They closed on me, Sad years ago, In that fair island of the eastern sea Where myrtles grow. I never thought I might behold again A glance like hers. But thine, deep, liquid-dark, ethereal soul'd, My spirit stirs As when I met her in the land of dreams. And joy and pain Mix dimly in a tender look that beams. And fades again. Thou hast her eyes — those eyes that loTcd me well, — My lost love's eyes ! Hast thou a soul like hers ? Such spirits dweU In Paradise ! Yet since the heart speaks through the eyes, they say. Those eyes must mean Some pure deep tender feeling. And a ray Of hope serene Sheds its soft influence on a heart long bound In wintry frost ; An influence like the spring on frozen ground "Whose flowers are lost. Is not all this a mere sentimental sophism ? Am I not simply and vulgarly beginning to forget Zauthe, to whom I swore so many times that she should be, in life or death, sole and only mistress of my love ? I loved her, indeed, as I knew I had never loved before, and as I fondly believed I could never love again. But she is reabsorbed into the spirit world. And I am no longer the same rash boy who swore those oaths before the veiled shrine of the unfore- seen Future ; and who marked not, in the sunshiny morning of life, how slow and sure the lights and shadows move. 16 EDITH CLABEL. Nay, however beautiful it may sound in theoretical romance to seal up the fountains of existence and. live only in the Past ; man is not the master of his destiny in this changeful world. He may close his eyes in despair, and keep them shut against the phantasmagoria of life for a time. But it is only a spasmodic trance— a temporary access of death which he cannot voluntarily prolong. The heart resumes its suspended functions; the whirring tumult of life's machinery hisses vaguely in the wakening ears ; the eyes open ; the world swims, and settles to its accustomed forms. Memory comes at last, and traces the sufferer's history up to that supreme paroxysm of anguish to which, while present, the faculties succumbed ; but which, now hazed over by the interval of unconsciousness, is dimmed and softened into the faint complexion of dreams. I make my case no more excusable, according to the morality o^ romance, by thus dwelling on the phases of my defection. I am forgetting a dead love in a living one, like any other heartless man. Heartless ? let us say, like any other man that has a live heart. Let me join the scoffers at constancy ! Kdelity to love in the grave may exist for a little while on earth, but it is a mortal malady, which, to be complete, must speedily carry off its patient. However convinced the patient himself may be of the seriousness of his seizure and the fatal character of his symptoms, if he long survives, his complaint declares itself to be something else by ceasing in time to be fidelity at all. There are of course fanciful valetudinarians in heart complaints, as in all other departments of life's ills, who go on for years with an old chronic broken heart. But as far as I have been able to observe, such persons have usually had a very feeble constitution of heart to begin with. Having passed through some juncture where hearts have a reason- able pretence for breaking, and having conceived at the time that their hearts ought to break — they take to a tepid atmosphere of sighs — get used to it ; and continue to live on slops of sentiment till they happen to die of something else. Grief in its action on the mind is like those deadly poisons which do not kill by destroying the structure of the body so as to render it incapable of performing the functions of life, but by wrenching the nerves with such vehemence that the vital energy cannot keep pace with the frantic orgasms of its convulsed machinery. If the culmi- nating crisis does not kill, the succeeding fits wane, and the patient recovers. Small doses of grief are rather beneficial than otherwise to torpid natures — ^as paralysis may be successfully treated with strychnine. 17 THE SITUATION. The good old maxim of " measures, not men," wears well. Prin- cipally, perhaps, because' — though much hackneyed as a theory, often put forward as a pretext, sometimes even used as a cry — it has practically been very little acted upon. It is only when great principles are at ■ stake, and right seems the watchword of one party and wrong- or error that of. the other, and delay is dangerous, that men ought to choose their side and rally round specific leaders. Such occasions existed when the towering majority of Mr. Pitt carried all before it in defence of the liberties of Europe, and when boroughmongering and over- taxation ranged four-^fifths of the House of Commons under the colours of Eeform. i Those days are past. In the inner heart of public men now-a-days there is small difference of principle. Tories have acquiesced at length in Eeform as a great fact, and Peel the Conservative outbid his opponents at the sacrifice of his party. Of the two great divisions of the political world, the one which of late years has advanced is the Conservative, the one which has been stationary is the Whig. Possession is obstruc- tive, on however liberal principles obtained. Political hunger is suggestive even to the most costive advocates of constitutional stag- nation. With purity in their mouth, the Whigs have jobbed and traded on the sacred trust in their keeping. An unchangeable legend still on their banner, the Tories, nevertheless, rush into the evacu- • ated defences of Downing Street with a war cry of practical reform which they have learnt in the weary trenches of their long hopeless siege. The court cards of the political pack have indeed been shuffled and cut so many times that all original sequence of suits seems at an end. Lord Derby began life as a Whig, Lord Palmerston as a Tory, and the Bedford Level of reform once had its boundaries laid down by " Finality John.'' No great distinction of policy being now at stake, partisanship is a mere adherence to the letter, whose spirit has gone. Whatever Government wants support to defend the right, should find it from reasonable men ; whatever ministry denies redress of grievance, screens corruption, palters with truth, is illiberal in the true sense of the word, unnational and unjust, especially to labour and productive industry, should find no quarter here — or elsewhere. Honest government — just government — capable government — seem to us the real wants of the day. The time is stagnant — yet pregnant ; the public — apathetic as to the fate of particular ministries — broods sullenly on the general incapacity which modern events have brought to light. Strenuous for Palmerston c 18 THE SITUATION. in April '57— willing for Derby in AprilJSS ! How has this arisen ? And what will be its end ? First, of the three statesmen grouped most prominently in " the situation." Constitutionally learned, a man of books, next to Sir Kobert Peel, indeed, on the whole, the greatest leader of the House of Commons this generation has seen; yet from dry unsocial habits and a practical ignorance of men unable to manage his own cabinet; when in opposition grasping at power by bids of liberality ; when in office unequal to com- prehend the public mind, or to originate a generous policy in accordance with its real desire — Lord John Eussell has always failed as " a first minister. Seizing the helm with singular dexterity at a critical period, amid the calamitous mismanagement of the Crimean campaign, for the first six weeks of his administration Lord Palmerston seemed daily, almost hourly, on the verge of downfall. Long experience of office and of the House of Commons, however, together with a shrewd knowledge of men and the world, a popular manner, pithy appeals to national prejudice, energetic efforts to retrieve disasters abroad, and an eventual peace sufficient for its purpose, although not too glorious, gave to Lord Palmerston a reputation in the country which, on his appeal to it a year ago, resulted in what appeared a good working majority in the House of Commons of between 100 and 150, the largest since the glorious days of Grey. How such strength was frittered away and became the proximate cause of his sudden fall, is a notable illustration of the old French adage which says, " Nothing is certain but the unforeseen !" Over-confidence, pre- sumption on his large following, betrayed him into rashness. The minister of seventy could not forget the favouritism and nepotism of fifty years. Prior to the general election, almost in the very hour when that cry of administrative reform hooted Lord Aberdeen from power, and opened the door of office to himself, Lord Palmerston sent Lord Canning as Governor-general to India. By what title ? Lord Canning's father, the great orator, had been his own leader and patron. Was this the proper answer to the demand for " the right man in the right place" ? "When the secrets of the first six months of 1857 in India are disclosed, the world will judge. This indiscreet act was overlooked in the concluding interests of the war and the discussions for the treaty of peace, as Lord Canning's purblind tolerance of mutiny during the first half of last year was forgotten in the successes of the latter half. No such interests or events have served to cloak or disguise an ap- pointment like that of Lord Mulgrave to the governorship of Nova Scotia; such a depreciation of the honours which the nation was eager THE SITUATION. 19 to lavish on its heroes of India as the insertion among their immortal names in the Gazette, of Sir Something Phipps, a mere court under- ling, distinguished only in the annals of aristocratic flunkey doni. Nothing could mask or palliate the introduction into the cabinet of such a man as the Marquis of Clanricarde. Acts of judicial blind- ness like these, following on a money panic, which always, more or less, for the time, alienates the mind of the sufferers from the governing power, engendered a disaffection and distrust in the nation, which was reflected in the marked indifference his followers exhibited in the House of Commons when Parliament assembled in February last. Between November and Tebruary the change was something marvellous in the eyes of those who witnessed it. From no malice prepense on the part of his principal body of supporters, but simply an indifference to his retention of power, he was suffered to fall into the ambuscade prepared for him by a combination of malcontents, whose retentive memories had funded a long debt of insults and injuries unavenged, against the day of reckoning — the Manchester clique. Lord John Eussell, and the Peelites. Mr. Disraeli (always ready for a raid into the enemy's country) stultifying his vote a few days before against Mr. King- lake's amendment, lent his aid and the best part of his troops. So fell the Palmerston administration. — an administration which contained within itself no one element of strength save the fleeting popularity of its chief. Singular retribution, that the very minister whose official life had been one continuous liberal game of brag, and whose name had really protected his countrymen abroad, should be condemned at last as a truckler to a foreign despot I Far different from his rivals are the qualifications and character of the Earl of Derby. Invited by his sovereign to aid her in forming a government, he hesitates — reluctantly consents — and at last unwillingly accepts the charge ; partly as it would seem in deference to his gracious Mistress — partly as a duty to his hungry followers. The inheritor of princely possessions, and of the senior earldom, which dates back into inediseval times ; with parts of surpassing brilliancy, seizing at a glance what others laboriously acquire by patient toil ; of a rapidity of pene- tration which will not always condescend to dig to the depth where alone the precious ore is to be found ; although gifted v;ith a rare intuition —impatient of drudgery — frolicksome as a boy — a lover of ease, what temptations, speaking in the ordinary sense, what bribe could office offer to a man like this ? "We all know that power is attractive. Lord Derby has, however, tried the picturesque bed of thorns whereof the inexperienced many mainly remark the roses. Lord Derby, at any rate, was not so indecently eager to be Prime Minister as is usual among statesmen. A master of all the flash and flourish of rhetoric, of all the cunning 20 XHE SITUATION. fence of argument, all the trenchant impetus of eloquent invective— as clear and felicitous in exposition as he is ready and stinging in reply, Lord Derby began Parliamentary life, and has continued in it to this day, without a rival in debate. Possessing thus these natural gifts, ample satisfaction is afforded to his ambition by being facile princeps of the august assembly which he leads, without trouble to himself. Office adds little lustre to such a position compared with the heavy drawback of anxious responsibility. Yet in ofSce we find him, willing or against his will — how long to remain ? Will he be out before Whitsuntide ? will he be minister in 1859 ? What are his chances ? Clearly none founded on his own strength ; although in the personnel of his government, whether in or out of the cabinet, it is strikingly superior, taken as a whole, to the last, " We could not have found on all our side," said a veteran Whig, " such a set of efficient subordinates as the new government have selected, even if we had tried, which we never did." "Lord Derby," (Mr. Bright is reported to have said,) " ought to have a fair trial, for he has not re- sorted to a mere family coterie, as the Whigs have always done; but has got the best men he could find to help him, whoever they were." What then are his chances ? Is he 220 strong in the Commons ? How is that to be converted into a working majority ? Can Lord Palmerston bring into the field 250 against him ? We doubt it. Eighty members of his former majority appear to have sworn that Palmerston shall not return to the helm as premier. He, on the other hand, is as resolved that Lord John, the Coryphajus of the 80, shall not be the next prime minister. Apart these two noble Lords appear to be, and apart resolved to remain, spite of all attempts of great Duchesses and others to bring them to- gether. The cry of "Derby in danger" would, therefore, at once summon one or the other, but never both at the same time, of these political friends into the field to his rescue. These numbers account for 550 of the House of Commons. More will not be brought into action this parliament, circumstances remaining the same, for the neutrals will be absentees, when not supporters of Government. The real animus of this parliament (except originally to support Palmerston as minister) has never been tested. In the country there seems little preference at the moment for any one of the three ministers. Certainly none for the return of Palmerston, perhaps less for that of Lord John ; little, if any, more for Lord Derby, although the feeling is growing that he should not be jostled in the race, and have time to settle in his saddle. We have said there is at bottom little difference in real principle between these leaders. But there is the widest room for difference in their mode of administration. If the present set can only fall back on the dilution of thought, the shallow THE SITUATION. 21 common-place, the indifference to justice, and pompous insignificance of the last set, and others which have preceded, we are, indeed, at a low ebb, and it is time we looked a-head to the rising generation. We trust these men have something more than paper experience ; that although not graduated in office they know business and the wants of men. We want something more than a clique acquaintance, a benevolent providence for the wants of a few official families, and a system of political economy which enables modern philosophers to strangle a nation's commerce with complacency rather than subtract a single figure from the arithmetic chaos of a pet financial blunder. The ti-ump cards of Whiggery are played out. Let us see if Lord Derby has any in his hand. He has one, indeed, of which his adversaries never could appreciate the value: will he play it ? Honest Goveunment. Purity in the distribu- ti6n of patronage; always, and at all hazards of losing a fleeting support, putting the best man in the place to be filled, and thus rising superior to all the nepotism which has rendered the incapacity of our departments, whether for peace or war, a by-word and an astonishment to Europe. Is there one single department of the government, save perhaps that of the Enclosure Commissioners, to which any sane man would entrust the management of his estate? Let Lord Derby show that he has only one motive, one principle in view in his appointments — real merit and fitness ; and he will, ere six months be over, go far to raise himself considerably above his rivals in the opinion of the public, who are just now cfose Catchers of appointments. No doubt he has difficult cards to play, but the difficulties are not such but that honesty, purity, straightforward- ness and earnestness may overcome them. Mr. Disraeli will carry his budget. It is skilfully adapted to the wants of the revenue and the humour of the house. Will an Indian Bill pass this year ? We doubt it. Nor would one have been brought forward if parliament had not met in December; when Lord Palmerston, in obsequious deference to a temporary cry, promised it in the Queen's speech. It has had the advantage of housing the House of Commons from its usual apathy on the subject. It wotild have been better to have legislated even in haste under excite- ment, than at leisure to have left this great subject to empty benches and ministerial trickery and dictation. Better still will it be to deli- berate for another year npw the interest has been excited. The orochetty contrivance of Lord EUenborough will scarcely be submitted for a second reading. The fittest man, and most vigorous for a war minister, and for sweeping away the rubbish of a century of military routine, — he was, from his antecedents, the most dangerous man for the Board of Control. Lord-John is master of the Indian situation. It is possible that he 22 THE SITUATION. and Lord Derby may have made the most of their joint residence at Kichmond, and understand each other, so that the Resolutions shall not share the fate of the bill. One thing the House of Commons is resolved on, so far as we gather its present spirit, is, that there shall be substan- tial independence in the council, however chosen. The majority of 200 for bringing in Lord Palmerston's bill, meant nothing more than an acquiescence in legislation. The truth is, the act of 1853 went far to give the best government for India, except in two respects — proclaiming the Queen in India, and bringing together for business and delibera- tion Leadenhall Street and Cannon Row, with the lash of parlia- ment over them both. To have no independent continuity of knowledge and' action and check — to expose that mighty empire to the changing ca- prices of successive secretaries, responsible only to apathetic benches in the dog-days, might correspond well enough to the letter of our constitu- tional system, but the implied responsibility would be a dangerous sham, and the certain consequence must be gross neglect, and ultimate loss of the brightest jewel in the imperial crown. Purity in the distribution of patronage — administrative reform car- ried into practice— an earnest regard to the material condition of the people, and a solution of the question, why they have their wages re- duced and their profits wrested from them by periodical panics, should be subjects of primary import to the new government. Should these be neglected, Parliamentary jEeform will, from mere claptrap, rise into a grave and real cry. ^ The oppressive weight of taxation at the end of the great Revolu- tionary French war in 1815, was aggravated unduly by the too hasty preparation for cash payments ; the medium in which taxes were paid was unduly enhanced in value, industry was prostrated, discontent the con- sequence, and the Reform Act passed in 1832. Through a coincident and sympathetic influence of commercial pressure and fiscal uneasiness in a less stable realm, the Bourbons fell in 1830 ; the change of Govern- ment in 1841 resulted from the distress of 1839-40-41 ; and Lord Palmerston's fall followed the panic of Nov. 1857; just as the panic of '47 led the way to Louis Philippe's flight and Louis Napoleon's arrival in 1848. The present grave uneasiness in France is the political ex- pression of what is at bottom a financial embarrassment. The paralysis of trade and the long faces on the Bourse, are serious symptoms of general disease, not incidental bruises of a particular diplomatic sparring match. Just the sort of feeling which in England forbodes a sweeping measure of reform, and in France a new explosion of the smouldering revolutionarj-^ volcano. The Emperor is a thinker; let him ponder these things candidly and deliberately. Let him remem- ber that his subjects buy money with labour and produce, and that dear money means low wages and unremunerative prices and oppressive THE SITUATION. 23 taxation. The blades of all his six hundred thousand bayonets are danger instead of strength, -when the electric fluid begins to play- about the glittering points, preparatory to a real national shock of discontent. In England administrative capacity is the question of 1858. This tendency is indicated by some of the Select Committees now sitting in the House of Commons. There is one on the transport of troops to India; another on the contracts of public departments; a third on con- sular services and appointments; a fourth on the billeting system, (all in the way of sharp criticism on existing practice) ; a fifth, g.boufc to be named, on the Thames nuisance ; and a sixth, a commission on the lighthouses abuse. That important one on the Bank Acts, and those on harbours of refuge (a most serious neglect of some department or another), and on tribunals of commerce and savings banks, pretty well make up the catalogue. Out of questions like these. Lord Derby will have the opportunity of making clear both his integrity of purpose, his skill in the practical redress of grievance, and his resolution to put the right man in the right place. In the Lords he is safe. The Commons will be the court where he must stand in the dock for trial, with Mr. Disraeli for his leading counsel. Mr. Disraeli is indeed a man of unquestionable powers. His writings prove him to be no inconsiderable observer of human nature. He is a man of great ambition; without him, perhaps, the Conservative party would not have occupied the position they now do. At all events, be- tween 1846 and February 1853 he did good service to them, and pro- duced the best budget perhaps of the century, only too honest for the assembly to which it was proposed for sanction. Since then, Mr. Disraeli has not increased his reputation. It would have been well for the belief in public principle, and not less for himself, had he acted a Conservative part as the leader of a Conservative party, instead of rushing into the lobby with every malcontent that offered him an occasion of embarrass- ing a Government. It was not by such means that Sir Eobert Peel, against much greater odds, reconstructed the majority of 90, which hailed his entrance into the new parliament of 1841. In opposition from 1853 to 1858, we have scarce ever seen Mr. Disraeli act as a true Conservative leader, except perhaps in his acquiescence in the grant to his opponents of all necessary supplies for carrying on the Eussian war. What En- glishmen like in public men is straightforwardness, earnestness, direct- ness of speech and purpose, and acting up to professions. What they do not like is an over subtlety of speech and an over astuteness in management, which spoils every great business. Mr. Disraeli never seems to speak from his heart; if he has one, let him turn it to account. His hesitation of expression, and painful twisting of phrases, his tedious circumlocutions, however they may lengthen a report, do not convince 24 Pitt's, ghost and the late chancellor. the house or deceive the country, and are certainly anything but eloquence. What a contrast is Mr. Henley's downright hammering and stammering, after the manner of the genial Althorp, and yet every one believes every word he says ; not a creature doubts his sin- cerity, although a large majority differ from his Tory views ! Mr. Disraeli has often taunted his opponents with the want of a policy, Let him cease to appear to be acting a part, and show himself earnest for something or another. We may, perhaps, be permitted to suggest, as at the beginning so at the close, that no minister has, and no minister can have next to his heart a better principle of action than that good old-fashioned one, that " Honesty is the best policy." Let the Derby Government act well up to this good old maxim, and in another twelve months they will not be dependent for existence on the toleration of an adversary, and Mr. Disraeli will have acquired, which certainly he is now far from possessing, the confidence of the House of Commons and the countr}'. Arrived at the end of April we have Bernard acquitted, France excited, the Channel fleet preparing (with Keppel, let us hope, for its Admiral). May we have a ministry which knows not how to truckle to the foreigner, and yet, under Providence, the tact and temper to keep the peace,* INTERVIEW BETWEEN PITT'S GHOST AND THE LATE CHANCELLOE OP THE EXCHEQUER. SCENE I. — Library, Harpton Court. The ex-Chancellor in a state of dreamy incapacity. The Economist, Bankers' Circular, Chronicle, Herald, Sun, and Times on the table. The Ghost of Mr. Pitt stalks majestically into the room. Mr. Pitt. What, Sir George, asleep over your figures ! The Ew-Chancellor. Excuse me. Mr. Pitt, I believe — ^proud of the honour you do me {aside — of all the ghosts in the universe the one I'm most afraid of). P. What are you about, Sir George ? * Ere wo go to press the " mmistry on good behaviour " have hastened to com- mit themaelTes. What an exhibition is this of the 26th i where Mr. Disraeli returns to the ^omit of his India Bill, and lays his flank open to Lord Palmerston's keen and ready lash. With as deplorable a lack of common discretion General Peel and Mr. Walpole waver and stumble over Mr. Monsell's motion, on which the House has palpably made up its mind. They acquiesce in substance, without withdrawing a lingering, ineffectual opposition which seems to court a gratuitous minority. A minority unimportant in itself, but damaging as an indication of tactless gaucherie at a critical moment. L. About, sir, why, much as usual, nothing in particular — taking a look at my friend, Wilson's Economist. You read the Economist, of course, Mr. Pitt ? Great hand at statistics is Wilson — but really of late, his paper does not support our views exactly as I could wish — not quite satisfactory. {To himself — Wilson's off his head since we were turned out, I do believe — mad as a hatter.) P. Does Mr. Wilson point out an effectual remedy for the evils of your pernicious monetary system, and tell you what to do touching the Bank Charter, Mr. Ex-Chancellor? 26 Pitt's ghost and L. Oh! Mr. Pitt, you are, I assure you, quite under a mistake about our monetary affairs. I fully recognise the transcendant ability with which you conducted this nation through a period of unexampled diffi- culty, political and financial. But circumstances are entirely changed. Monetary science has made vast strides since your days. A whole galaxj' of philosophers has arisen on the financial horizon. We have had Horner and Ricardo — Oracle Eicardo — Huskisson, and the great Sir Eobert Peel. And now, Mr. Pitt, we have Macculloch and Mill, Mr. Norman, a gentleman, as I said in the House, " whose character and abilities it is not necessary to eulogise," and Mr. Newmarch, a writer of great ability, " who assisted Mr. Tooke" — the lamented Tooke — in his work " On Prices." And we have, last not least, Lord Overstone, the great and successful usu ... I beg pardon — the eminent banker- philosopher, a man, sir, worth millions. These eminent men have re- duced monetary science, as my predecessor, Mr. Goulburn, said, to a " perfect system." P. And how does your perfect system work, Sir George? L. Why, as to the system itself, it is philosophically perfect, as we all agree. But, — I speak with perfect candour, Mr. Pitt, — practically, I am free to admit, that a TiitcJi occurs occasionally — only occasionally. P. Your perfect system came into complete operation in 1844, as I understood. How many liitcTies have you had since then? L. Merely two, two decided hitches. A few temporary depressions, fluctuations in the rate of discount, passing clouds — but nothing worth notice. P. Your hitches in 1847 and 1857 brought the Bank to the very verge of stopping payment, I believe ? L. I am not prepared to deny that. And very extraordinary it is, certainly. It is a splendid system, philosophically perfect, as I said. Gold standard maintained, convertibility of the note secured, commerce of the country placed upon a solid basis. Nothing but untoward circumstances of the most remarkable character interfere with the self- action of the perfect machinery we have established. P. And when "untoward circumstances" occur, Sir George, your standard becomes mutable, the convertibility of the note is nominally preserved by a power of unlimited issues of notes on securities given to the National Bank, and commerce lies in ruins. L. You are hard upon us. I admit that our system is not absolutely perfect. Nothing human is. But it approaches perfection. It is founded on scientific, philosophical, incontrovertible principles. P. And the principles give way, and the whole thing signally fiiils whenever the time of trial arrives. L. But, Mr. Pitt, allow me to say that it is — it must be. allowed to be— the right system. Why, Lord Overstone will tell you that it secures THE LATE CHANCELLOR. 27 that our mixed system of Paper and Coin shall fluctuate just as a purely metallic currency would do. Our currency is as good as gold. P. Say as bad as gold. Do you know that 160 mercantile houses have failed at Hamburgh and Altona within the last six months ? Does this say much for a metallic currency ? L. Ah, my dear sir, I see you are — excuse me — behind the age. Why, your principles would lead to inconvertibility — to that absurd, ridiculous, unsafe, unphilosophical notion that the instrument of exchange need not possess intrinsic value ! P. Mere words without sense, Mr. Ex-Chancellor. With what you call inconvertible paper money, I raised taxes, subsidised armies, and fought all Europe ; and the country advanced in internal wealth, and extended its commerce with all the world, with a rapidity never witnessed since the days of the Norman Conquest. L. But it was a dreadful state of things : the note Avas incon- vertible. P. Nothing of the kind. It was convertible into every thing — gold and silver included. I bought millions of gold, and exported them without difficulty, and without detriment to the internal trade of the country. We had no hitches then. Sir George. Our system stood storms and tempests. Nobody called it " only a fair weather system." L. Might I be allowed to ask, sir, if you really think your paper money was as safe and secure as ours ? P. I should scorn to compare them. It was safety and security itself, compared with yours. By attempting to secure that the bank note shall always exchange, to the fraction of a penny, for gold at a fixed rate, you endanger its convertibility, at any rate. Why even the French system of buying gold at a premium, works practically better than yours. When the Bank is drained of gold, you step in with a Government letter to violate your own Act of Parliament, and allow more promises to pay to be issued, when the Bank is unable to keep the promises to pay it has already made ; and you depreciate all commodities forty or fifty per cent, and make the foreigner a present of one hundred millions' worth of goods, to coax him to bring you back a few millions of gold. Nothing of this kind happened under the Bank Eestriction Act. L. But this is very strong language. My Honourable and Eight Honourable friends are not accustomed to such views. Sir, the coun^ try is with us. — We all stand upon our convertibility. P. Your friends and the country may cry for the moon — but you cannot have it. You require an impossibility. The immense wealth, the commercial transactions of England, cannot by any possibilitj' be convertible into one comparatively small commodity, i.e. Gold. Even the Gold Discoveries cannot supply metal enough for this unreasonable, this childish demand. Sir George, you sacrifice the substance of con- 28 Pitt's ghost and vertibility for the shadow. Convert, as you call it, the Bank Note at the marhet price o^ gold, and you have the reality. Convert it at a fixed rate, and convertibility becomes a snare, a delusion, and a pretence. Tell the GREAT INCONVERTIBLE LORD OVEKSTONE this. L. Mr. Pitt ! Mr. Pitt ! Lord Overstone inconvertible ! Why, sir, he is the modern Midas. Sir, every thing he touches turns to gold. The INCONVERTIBLE OvEESTONE ! This is too bad. [The Ex-Chancellor becomes, for once in his life, wide awake. Mr. Pitt pauses in contemptuons silence.] Mr. Pitt. Well, Sir George, have you recovered your equanimity ? Sir G. C. Lewis. Perfectly. I am never excited. The age, sir, laughs at excitement and enthusiasm, and all that sort of thing. Why, a reformed House of Commons scouts the notion of Patriotism and all that excited nonsense. On our side now we have no Fox, or Wyndham, or Burke. All serene, Mr. Pitt. I should scorn to manifest any feeling if all the merchants in England were ruined, and half the population starved. I never go beyond a sneer or a misrepresentation ; and then only when I can do it safely, behind a man's back. P. Every creature obeys its instinct. Sir George; but I ask again, What do you intend to do about the Bank Charter Act, this Session or the next ? L. Why, as my lamented friend, Sir Eobert — with that lucid placidity which only Lord G. Bentinck disturbed — used to say, there are three courses open to us. We can talk a good deal, and do nothing; or we can talk a good deal, and do next to nothing ; or we can neither talk nor do anything about the afiuir. I prefer the last course. P. Sir George, do you ever read the Times ? L. Of course. How should I know what to think, if I did not read the Times ? P. Ah 1 I thought for myself, and for the people too. ^ L. But permit me to say again, circumstances are changed. A Cabinet Minister — or even an Ex-minister — now has so much to do, that he is glad to get some one to do the thinking for him. P. But what do you intend to do ? L. Nothing. I always find that when I am in a difficulty that's the best course to take. Do that. The House will say that the Committee on Bank Acts is taking a prudent course in leaving the currency alone. And then, when the country and the Times think that " something must be done," it will be time enough to act. P. But do you see in the Times what the state of the country is ? Do you know that the operatives are living on their money withdrawn from the savings-bank ? Do you know the state of the working classes in the manufacturing districts of Lancashire and Yorkshire ? THE LATE CHANCELLOE. 39 Do you know that the mills and factories are stopped ; that the work- houses are crowded ? Do you know that the people in the iron districts are out of work ? Do you know that iu Nottingham, and Bradford, and Kidderminster, and Leicester thousands are even yet on the verge of starvation ? Do you know that, bad as the usual condition of the Spitalfields weavers is, they are worse off now than they were in 1847, or have been for the last thirty years ? Do you see that the papers state that : " Since November last, upwards of 10,000 heads of families have been relieved by the Committee for the EeJief of the Unemployed and taking into account the other members of those families, an aggre- gate of from 40,000 to 50,000 individuals has, during that period, been provided with the necessaries of existence ?" L. Very lamentable, no doubt ; all caused by the " derangement of capital and credit." P. {40 Himself — What senseless jargon the creature talks 1) I suppose, what you term " a derangement of capital and credit," has some cause. Xi. Oh, of course^-over-speculation and bad banking by the joint stock companies. JP. Do you really imagine. Sir George, that you can tamper with the currency as you have done by means of the Bank Charter Act, raising discounts to 8 and 10 per cent., and depreciating the value of all commodities 50 per cent, in a few weeks, without creating by these means " a derangement of capital and credit ?" If half the taxes were abstracted from the Exchequer, it would produce a " derangement " of the Budget, and there would be " distress " in Downing-street. Should you say the distress was produced by the derangement of the Budget, or by the abstraction of the ways and means from the Exchequer ? If this " derangement of capital and credit " were not caused by the opera- tion of Peel's Bill, how could the suspension of that operation put an immediate check to the " derangement of capital and credit ?" No Sir George, speculation, and American failures, and accommodation bills are evils, and the parties engaged in these matters would, undoubtedly, suffer ; but, to create a national and general convulsion, the cause must be general and national. Touch the universal agent, the circulating medium, and you affect all interests, all classes, the affairs of the whole nation. L. Why, I confess that, when I remember the glowing picture which my friend Lord Overstone drew, in July last, of the healthy and pros- perous condition of the whole country, and particularly of commercial affairs, I am rather puzzled at the occurrence of such a general " derange- ment" in October. But, sir, you asked me Avhat ought to be done. Permit me to ask, wh,at would you do under such circumstances? P. Listen. It is my opinion that the first duty of a minister of the 30 pitt's ghost and Crown is to guard the commonwealth from injury, and particularly to attend to the wants and interests of the great mass of the people. The comfort and happiness of the patient, enduring, industrious, and self- reliant people of England, should be a minister's waking thought by day, and his dream by night — it was mine. Could I hear such a state- ment as this and remain unmoved? " The commercial houses and manufacturers in Glasgow are in the greatest distress, from the late stagnation of commercial credit, and total want of private confidence. The manufacturers have plenty of goods on hand in London and Glasgow, which they cannot sell but at so reduced a price as renders it perfectly absurd for them to think of disposing of their goods in order to obtain immediate relief. The manufacturers, and those who have cotton-mills, have discharged a very great number of workmen. There are employed in Glasgow, Paisley, and their dependencies in different parts of Scotland, about 160,000 men, women, and children. Any relief to be administered must be immediately given, to render it effectual." L. The Glasgow Deputation. Of course we could do nothing; it was not the province of Government to interfere. P. Pardon me. Sir George, this statement refers to the state of things in 1793. I thought it my province, as a minister of the Crown, to inter- fere immediately. L. In what way? P. On the 25th April, I moved for a Select Committee of fifteen, to take into consideration the state of Commercial Credit. We inquired into the cause of the distress from gentlemen able to give us good in- formation. We found that " many houses of great solidity, and possessed of goods ultimately much more than sufficient to answer all demands upon them, had not the means of converting those goods into money, or negotiable securities, in time to meet the pressure of the moment." That the failure of certain improvident banks had produced " a defi- ciency of the circulating medium." That money was kept hy bankers in their hands as a matter of necessary precaution ; that trade was suspended, and workmen thrown out of employment. That many mercantile houses, who were in possession of large quantities of goods were, from the impossibility of converting those goods into money, under great apprehension of being obliged to stop payment. That the distress did not arise from a want of property in goods, but from the banks being unable to discount bills as usual, from " their notes being poured in upon them for gold, and from the alarm which the present situation of credit in London had occasioned." Having ascertained the cause of the evil, I proceeded to its remedy. The Committee was ap- pointed on the 25th of April, we reported on the 29th, and, on the 3rd of May, I brought a bill into the House of Commons, to direct the issue THE LATE CHANCELLOR. 31 of five millions of Exchequer Bills, to aid the commercial credit of the country. The places where the goods were to be deposited, as a secu- rity under this bill, for the aid to be given, were London, Bristol, Hull, Liverpool, Glasgow, and Leith. On the 6th of May the Bill passed the Commons; on the 8th it passed the Lords without a division, and received the Royal Assent. L. Did the plan succeed to your satisfaction, sir ? P. Perfectly. Two millions and a half of Exchequer Bills were sufficient to restore confidence and invigorate commerce. The loan was redeemed without a single defaulter; and, after all the expenses attendant on the project were paid, Government gained several thousands of pounds. L. Ah! — {after a long pause) — I wish you had told me of that sooner; but at all events I am now relieved from all responsibility. You must talk to Dizzy, now, Mr. Pitt. P. No, Sir George, you cannot escape from your responsibility. As an Englishman, an ex-minister, a member of the legislature, and a member of the Bank Acts Committee, a heavy weight of respon- sibility rests on you. You did your little all while in office to bolster up a fraudulent and iniquitous system, by which thousands of honest traders have been ruined, hundreds of thousands of hard working operatives nearly starved. On you, and on those who aided and abetted the system, rests the responsibility. If you lived a thousand years you could not undo the evil which you took a prominent part in promoting. L. But, Mr. Pitt, I really had not ability to resist the money power. The great capitalists, sir, have immensely increased in power and influence since your time. Even in 1793 the plans which you pro- posed for the relief of the country met with a good deal of opposition, I think P. With very great opposition. — Why, political enemies all foretold the failure of my scheme ; the merchants who were rescued from ruin doubted of its [success ; and the parties entrusted by Parliament with carrying it out, suspected the efficacy of its operations. It was sufficient reward for all the dire forebodings, trembling apprehensions, and pointed ridicule with which I was assailed, that in this year of revolution and excitement throughout Europe, when France led its sovereign to the scaffi)ld, I restored prosperity to the great productive class of my fellow-countrymen. L. But, sir, you had a return of the evil. P. We had, in 1797. I had felt my way then, and knew the power of an adequate circulating medium. L. You took a very decided step, then, sir. P. Yes. L. And, in reviewing the whole, do you think it a right course 32 THE OPIUM TRADE AND which you pursued in 1797; I mean as to the Bank Restriction Act? P. I do. What you call " inconvertible " paper money saved the nation. This is my deliberate opinion. (Sir George here opens his eyes to their utmost extent, and manifests a decided " derangement " of his serenity. Mr. Pitt regards him for a moment, with pity and contempt, and withdraws.) THE OPIUM TRADE AND SALT TAX IN INDIA, The transference of the Government of India from the Company to the Crown, unless accompanied by justice to the natives, would be a satire on legislation ; and a parliament that has expended, and continues to expend, enormous sums of money to suppress the slave trade, will be self-convicted of the most flagrant immortality, unless it insists on the immediate and total suppression of smuggling opium into China in direct violation of the laws of a friendly power. By a Christian commu- nity these questions ought to be settled on religious and moral grounds alone, but, unfortunately, modern statesmanship is too prone to view them' through a financial medium, and thus loftier considerations and nobler aspirations are made to succumb before the worldly necessities of revenue. It is an unfortunate truth, that for a long series of years the Indian treasury has exhibited a state of complete exhaustion, the expen- diture ever being in excess of income. The total revenue of India for the year ending 30th April, 1856, according to the accounts presented to Parliament, amounted to £28,891,299, chiefly derived from the following sources : — ■ 1. The Land Eevenue, including tributes and ") n-in oAn A,-ia subsidies from native states j ' ' 2. Customs 1,974,999 3. Salt 2,485,736 4. Opium 4,871,227 £27,172,378 The remainder, £1,718,921, is made up of post office receipts, stamp duties, revenues of Singapore and Coorg, and various small items. The expenditure was £29,864,090, leaving a deficiency of £972,791. The Indian debt is about fifty millions. - Bengal, Madras, and Bombay, including Scinde and Sattara, exhibited a deficiency, the north-west pro- vinces alone yielding a surplus. Now if the revenue derived from opium and salt ceased, no doubt a financier would be greatly embarrassed to make SALT TAX IN INDIA. 3 up a budget; but we intend to treat the subject as a moralist, having faith in the memorable expression of Mr. Jefferson, President of the United States, that " whatever is morally wrong can never be politically right." Opium, produced from the culture of the poppy, was a source of revenue under the Mogul emperors, farmed out to contractors as a monopoly for an annual payment in advance. The East India Company readily appreciated the value of this drug, and from 1776 to the present time it has yielded large returns to the treasury. In modern practice, no person within the territories of Bengal is allowed to grow the poppy except on government account. When the leaves fall from the plant, it is ripe for incision, a white milky juice escaping, which is con- creted into a dark-brown mass by the next day's sun, and this scraped off every evening as the plant continues to exude, constitutes opium ia its crude state. It is then converted into balls or cakes, and packed in chests of mango wood. Each chest weighs in Bengal 1641bs., and 1401bs. in Bombay. The importation of opium into Bengal is virtually prohibited, the duty being fixed at 24 rupees per seer of 21bs., or about double the amount of its selling price at the Calcutta Government sales. The export of opium from Bengal to China was first undertaken by the Company for revenue purposes in 1767. Previously to that date, a small trade, not exceeding iwo hundred chests, had been carried on with the Chinese by Portuguese merchants, who brought their opium from Turkey. The earliest attempts of the Company were imsuocessful, but in 1794 they stationed one of their ships, exclusively laden with opium, at Whampoa, whence she retailed her cargo as from a floating warehouse. The Chinese authorities remonstrated and threatened, but the illicit traffic was pursued at Whampoa for about twenty-five years. In the year 1800, the Emperor prohibited the importation of the drug by an edict, but smuggling increased and was regularly organised along the coast. Against their own subjects the Mandarins awarded the pun- ishment of death if detected in aiding the English. At length, when all pacific overtures had been exhausted, and internal regulations of police had been tried in vain, the Court of Pekin ordered the seizure of all 'the opium on hand, and destroyed the whole, amounting to about 20,000 chests. This happened in 1838-39, and gave rise to the opium war — our merchants demanding compensation for their destroyed property, which indeed richly merited confiscation, as it was not an article of legitimate commerce, but one specially prohibited by positive enactment. When hostilities liad ceased, and Hong Kong had been given up to the British, Governor Davis proposed to convert it into a legalised d^pot of opium, from which the Emperor would derive a revenue; but his Majesty made this noble answer : " It is true, I cannot prevent the intro- duction of this flowing poison; gain-seeking and corrupt men will, for 34 THE OPIUM TRADE AND profit and sensuality, defeat my wishes ; but nothing will induce me ta derive a revenue from tlie vice and misery of my people." The East India Company, professing Christianitj', have no such scruples. Opium is one of the oldest and most valuable articles in the Materia Medica, and were it struck out of the list of therapeutical remedies, it would be difficult to replace it out of the whole known class of narco- tics and sedatives ; but used in excess it is most destructive. Its first and most common effect is to excite the intellect, stimulate the imagi- nation, and exalt the feelings into activity and buoyancy. Hence gorgeous dreams and a state of ecstasy, which transport those who indulge in it habitually into what is called in the Central Flowery Land the " Chinese Heaven.'' It is the secondary effect of this drug which produces the most pernicious results on the constitution. It destroys the natural appetite, deranges the digestive organs, impedes the circulation, and vitiates the quality of the blood, depresses the spirits, and gradually vireakens the power of the involuntary nerves, as well as the volitions of the mind, thereby taking away the powers of free agency, and reducing man to the condition of a brute. The practice of eating opium as a luxury has prevailed for more than a century in Persia and Turkey, but that of smoking it originated at a much later period, and has been con- fined mostly to China and its adjacent provinces. To smoke it is far more pernicious than to eat it. When opium is taken into the stomach, besides its local effects, its influence is communicated both by the sen- tient nerves of the stomach to the cerebro-spinal system, and thence to the whole animal economy, and by absorption into the blood through the veins and lymphatics. But when opium is inhaled into the ungs, it comes into direct contact with a far more extended and delicate tissue, composed in a great measure of nerves, and not onlj' enters the circula- tion more or less by absorption, but, at the same time, by its inherent nature, contracts the air cells of the lungs in such a manner as to pre- vent the blood from receiving its due proportion of oxygen. The Chinese Government instituted elaborate inquiries into the effects of opium. One of the chief mandarins addressed a memorial to the Emperor, in which he made the following statement: — " At first the use of opium was confined to the pampered sons of fortune, with whom it was an idle luxury, but still used with moderation and under the power of restraint. Since then, its use has extended upwards to the officers and belted gentry, and downwards to the labourer and tradesman, to the traveller, and even to women, monks, nuns, and priests. In every place Its inhalers are to be found; and the implements required for smoking it are now sold publicly in the face of day." In a memorial addressed to the Emperor by a Chinese scholar, he says, " Opium is a poisonous drug, brought from foreign countries, and when the poison takes effect, the habit becomes fixed, and the sleeping smokers are like corpses, lean and SALT TAX IN INDIA. 35 haggard as demons. When the habit becomes inveterate, it is necessary to smoke at certain fiaied hours. Time is consumed, the duties of men are forgotten, and they can no longer live without this poison. Its symptoms are, difficulty of breathing, chalky paleness, discoloured teeth, and a withered skin. People perceive that it hurries them to destruction, but it leaves them without spirit to desist." We must give one more extract from another mandarin's letter to Sir Henry Pottinger: — " Opium is an article whose flowing poison spreads like flames. It is neither pulse nor grain, yet multitudes of our Chinese subjects consume it, wasting their property and destroying their lives ; and the calamities arising therefrom are unutterable! How is it possible to refrain from forbidding our people to use it 1 It is a fearful desolating pestilence." After such statements we cease to wonder at the anxiety of the Chinese Government to prohibit the introduction of opium ; but accord- ing to Mr. Macleod Wylie, a Calcutta merchant, since the war to which we have referred the import into China has risen from 20,000 to 30,000 chests. The Chinese ship to Great Britain tea and silk to a large amount, w^ithout taking anything like a commensurate amount of British manufacture in return. Those two articles are, in fact, paid for in opium, to the injury of our spinners and weavers. Had the influence of that drug never been felt in China, it would have proved an annually in- creasing market for the products of Lancashire and Yorkshire. In 1834| Lord Napier said, " The Chinese are most anxious to trade with us, from the great wall to the southern extremity of the empire." In 1835 Sir George Eobinson stated : "The people are intensely desirous to engage in traffic." Mr. Gutzlaff affirms that " the English woollens are in great demand, yet we have still to look for that time when the spirit of Bri- tish enterprise shall be roused; for, in regard to China, it is almost dormant." Mr. Montgomery Martin inquired of one of the chief officers of Shanghae, how trade could be best promoted ; he immediately and with great sternness answered, " Cease sending us millions worth of opium, and our people will have more money to purchase your manufactures." Smuggling is a great evil, for it tends to ruin the honourable trades- man, and not unfrequently tempts him to adulterate his goods ; but to smuggle poison is a crime of the blackest turpitude. At home, our druggists are expressly forbidden to sell arsenic, laudanum, or other poison, if they have the least suspicion that the customer intends to commit suicide ; and they must mark the word '' poison" distinctly on their parcels and bottles. But in China every facility is afibrded, and the deadly material itself supplied under the protection of the British flag for destroying the minds and bodies of millions. How much longer will an enlightened and Christian nation continue to grow a pernicious drug, with the proceeds of which, even when in possession, a benighted and pagan nation disdains to replenish her treasury, knowing thut it 36 THE OPIUM TBADE AND would be drawn from the misery and murder of her people! It is vain to pretend that it is our mission to civilise Hindostan, when we there grow a poppy to demoralise China. The advocates of the Company, by putting in a plea of " Not Guilty," add hypocrisy to crime. They con^ tend that the revenue derived from opium is to be considered wholly as an export duty. But what is the motive to its culture ? Why is that culture a strict monopoly? It is notorious that the buyers of the drug intend to introduce it into China after its sale at Calcutta. The mode of packing the opium strips the last rag from the paltry equivocation ; for it is made in balls according to Chinese weights; the weights show the destined market. Moreover, none would buy it at the Calcutta auctions unless they could smuggle it into China; so that the export duty is really paid by an illicit traffic rigorously interdicted under the penalty of death by an independent nation, with which we pretend to be on terms of amity. It has indeed been doubted, considering that the Charter of 1833 deprived the Company of all its commercial and trading privileges, whether, under the Act 3 & 4 of William lY. they are authorised to continue the monopoly of opium. However, the law oiEoers of the Crown, conjointly with the Queen's Advocate, and the standing counsel of the Company, in an opinion given by them, and dated 5th August, 1857, have decided that " the manufacture and sale of opium, by which a revenue is acquired and expended for the purpose of government, is not in contravention of the Act 3 & 4 of William IV. c. 85; " and they are also of opinion that the legality of the manufacture and sale of opium by the East India Company, is not directly aifected by the supplemental treaty entered into by her Majesty with the Emperor of China, in Octo- ber, 1843. Opium is not mentioned in that treaty; and we are of opinion that the East India Company may manufacture and sell opium (the revenue of which is applied for the purposes of government) with- out infringing the treaty." However, these learned gentlemen appended the following remarks, after observing that the opium was made up into balls, and packed in chests according to Chinese weights : " Still, we think, now that opium is made contraband by the law of China, and that its importation into China is made by Chinese law a capital crinle, the continuance of the Company's practice of manufacturing and selling this opium in a form especially adapted to the Chinese contraband trade, though not an actual and direct infringement of the treaty, is yet at variance with its spirit and intention, and with the conduct due to the- Chinese Government by that of Great Britain as a friendly power, bound by a treaty which implies that all smuggling into China will be dis- countenanced by Great Britain." These concluding remarks seal the condemnation of the traffickers in poison; and when the subject is fairly brought before Parliament, we have no doubt of their deciding that it is SALT TAX IN INDIA. 37 better to lose revenue than to acqiiire it by being accessories to slow but certain murder. "We now direct attention to the tax on salt. It is known that rice in India is as truly the staff of life as wheaten bread is in England. We have taken off the duty on corn, but the duty on salt still presses cruelly on the Hindoo. Rice is not only insipid without salt, but the antiseptic qualities of that condiment are the best preventives against disease, par- ticularly the loathsome elephantiasis, which is the most cruel scourge of the natives of India. At Calcutta, the price of salt is Id. per pound, which is thus made up: the cost of manufacture, one farthing, the duty at 2| rupees per maund of 82 lbs., three farthings. The badness of the roads seriously aggravates the pressure of this monopoly ; for at Benares, 400 miles from Calcutta, salt is there sold, according to the government gazette, at 2d. per pound, or at the rate of 12 lbs. the rupee. The selling prioe of the article is arbitrarily fixed by government, and at such a scale as to place it beyond the sphere of general consximption. In Ap- pendix D. to the Eeport on Indian Territories, printed in 1853 by order of the House of Commons, there is a petition from the British Indian Association, and other native inhabitants of the Bengal Presidency, in which it is stated that " the dearness of the article (salt) induces even those who live near the salt manufactories to use earth scraped from salt lands, while those who reside in the interior have recourse to the alkali found in the ashes of burnt vegetables." The Company forbid saline lands, unfit for cultivation, being turned to the use for which they were evidently designed by nature. Poverty incites the ryots to obtain salt from them by stealth, but they are severely punished on detection. A large force of excisemen are speciallj' employed to protect the saline lands from being utilised. The proprietors of land are compelled to act as watchers and police, and it is recorded in the petition to which we have referred, that a single zemindar has been fined as much as 12,000 rupees at one time, because illicit salt had been found on his grounds, though there was no evidence that he was a party to the act. The cruelty of the system and the vexation by which it is accompanied, render this source of revenue indefensible. It is one of the most odious monopolies. Abundance is in sight and at hand. Men tread on salt but may not pick it up. This is the very refinement of despotism. Colonel Cotton, the celebrated Indian engineer, who has so- vastly im- proved the navigation and irrigation of the Godavery Delta, gives the following calculations: "A single square mile flooded with sea- water will make about 140,000 tons of salt in a season, and, with proper arrangetaents, the salt would be perfectly white, and certainly would not cost above 2s. per ton. The revenue thus obtained would be very great, even if the duty were very much reduced. The present duty is about £2 10s. per fon; even at f 1 per ton the supply of this tract would 38 RICHMOND FOREST, yield £90,000 per annum; and thus clean white salt might be sold at £1 5s. in the heart of the country, where the present dirty black salt is sold at about £8 per ton.'' We grow opium to poison the Chinese ; we prevent the manufacture of salt, to create disease among the Hindoos ; the motive to both these crimes is revenue. When the government of India is transferred from the Company to the Crown, will the constituencies of the United Eng- dom return men to Parliament who will permit the continuance of this double iniquity ? Is all honour and justice to be outraged to meet fiscal exigencies ? We willingly answer these questions in a most decided negative. India abounds in all the elements of material wealth, but we must first elevate the people, and allow them to become self-sustaining, before we can realise the benefits which those elements place at our dis- posal. We can best attach the natives to our rule by developing their industry, and permitting them to enjoy a fair proportion of its fruits. RICHMOND FOREST. AN ECLOGUE. On a mild April morning, ere the close Of Easter's parliamentary repose, By velvet lawn, green glade, and forest knoll, Through Richmond's pleasaunce, lo ! two statesmen stroll- At random stroll in meditation lone, Each rapt on Public interests, or his own — Nay, were it haply on his own ! what then ? The public weal 's the weal of public men. Weal within weal our constitution moves Down ruts ancestral, old official grooves. The Queen bee's health is wealth to all the hive — And the realm prospers when the Eussells thrive. The realm is plunged in ruin and disgrace When Greys and JEUiots languish out of place. The statesmen meet, and catching mutual eyes, Exclaim with bland conventional surprise: Derby. What ! you. Lord John! Lord John. What! my Lord Derby! you ? Derby. Well met! Fine day! Lord J. What news? Derby. Pshaw! nothing's newt RICHMOND FOREST. 39 LoKD J. The sun is quite oppressive. From the heat I drew toward yonder pine-tree's shadj' seat. Derbv. Whatl tired of sunshine? we were all afraid You might feel tired of being in the shade. Lord J. Full of your jokes as ever 1 out or in, With you state cares seem not to weigh a pin. Derby. Though pins and needles be not things of weight, They're no light stuffing in the chair of state ; This rude, though knobby seat hath far more ease — Those boughs suspend no blade of Damocles. Not feel the irk of office? Do you doubt Which I like better, to be in or out? Lord J. Between old hands, the phrases feel but thin. Had you as lieve be out, why are you in? Derby. In ? Why, because old Palmy lost his head — Walewski by the nose poor Clarry led, The Privy Seal into bad odour brought The Cabinet d'aisance, as well he ought — Orsini funked the Emperor of the French — And I have friends who like the Treasury bench. Lord J. Have you no kindred instincts with your friends. Or do you will the means, yet nil the ends? Derby. Scour across country on a burning scent, The run's the sport — the kill a mere event. But, when the whimpering pack, with one last cry. Throng as the huntsman flings the carcass high — When greedy snouts are grappling down to flay, To tear and cranch, and gulp the gory prey. Would those who rode the keenest in the run. Relish the carrion when the chase was done? I like hard riding — and I go the pace! Let my hounds hunger for the sweets of place. Lord J. Your hounds will hunger soon enough, alas! That foolish India Bill can never pass. Derby. Then let them cut and slash it as they will, I don't much care about the India Bill ! Lord J. Nor does the country now! But there it is, Drawn up by Nelly, and laid down by Diz. I don't see how you safely can retreat — Yet if you persevere you must be beat. Derby. And 'twould give you a conscientious pain, To see the Knave of Trumps come in again! Lord J. The country 's lost all confidence in P. Derby. And found but little faith in you or me. 40 THE HARD CALCULATOR. Lord J. Derby. Lord J. Derby, Lord J. Derby. Lord J. Derby. Lord J. Derby. Lord J. Derby. Lord J. Derby. Lord J. Derby. Lord J. Derby. We must gain time. The country will come round. The country's apathy is most profound. WhatI see no choice 'twixt you and me and Pam? Where's public spirit? They don't care a d ! Would you dissolve? It wouldn't be much use! The Tory party's gone — gone to the deuce! What shall you do then? Let things take their chance. What do you think? There'll be a war with France. But of the India Bill? Oh, bother that! I might move something! What would you be at? Wh}', Resolutions! We might smudge it down To nominal dominion of the crown, With a machinery about the same As now exists, with some slight change of name. Truly you speak like a reformer true ! Say what you will, that 's what we 'd better do. Well, if that suits you, I will warn my men. Their pension time will soon be up ! and then Here Derby winked, and Russell blew his nose, Which brought the conversation to a close. THE "HABD CALCTJLATOB.' The Times newspaper was extremely indignant with Lord Palmerston for suspending the Bank Charter Act of 1844 on the 12th of last Novem- ber. The City Editor of that journal was so frantic with rage, that his friends deemed it necessary to have him measured for a strait waistcoat. He complained that Government had prevented the rise of discount from 10 per cent, to 20 and 30 per cent., and thus deprived the " hard calcu- lator " of his expected profit. Every person can form some idea of sacking a town, after it has been stormed by soldiers, and pillaging the peaceable inhabitants of all their property. The " hard calculator " is too great a coward to mount the deadly breach in quest of plunder, and hence he is a disciple of that THE HAKD CALCULATOK. 41 school of political economists who have constructed a sj'stem of money, by which, at regular periods, easily foreseen, the industrious classes are sacrificed to the capitalists and money-dealers. It is most falsely assumed that there is no money in England except gold. This is known to be the scarcest of metals, bearing no appreciable proportion to the other commodities which labour must create, which if labour does not create, it must starve. None of those commodities, however, can be bought or sold, except at a ruinous loss, unless gold be present. It is the policy of the " hard cal- culators " to make money as scarce as possible ; and for that reason they selected gold as the standard of value, as they call it. Now observe how the Act which the bullionists have enacted works. By it, the Bank is obliged to purchase gold, though their coffers are already overflowing. Gold is bought with Bank notes, consequently, the circulating medium is expanded, and money becomes cheap. Discounts go down to 2 or 3 per cent. The employers of labour are thus tempted to extend their business ; and for a time everything is prosperous. The merchant and ■ manufacturer obtain good profits, and working men receive good wages. When trade has thus been brought into activity, and prices rise, it becomes the interest of the foreigner to export gold. Now, for every 42 THE HARD CALCULATOR. five sovereigns taken from the Bank of England, the law compels the directors to destroy a Bank note for five pounds, and thus money begins to become scarce; and the immediate consequence is, that the rate of discount rises. The merchant and manufacturer have come under various engagements, and these they must complete, so they are forced to pay the increased discount. They are, indeed, alarmed; but as they are, with rare exceptions, utterly ignorant of the " money dodge," they stupidlj' indulge in the hope of " something turning up." But the " hard calculators " have got them fast in the meshes of the net of usury. All classes dread a panic ; and as the gold disappears from the cellars of the Bank, hoarding commences. The private bankers, well aware of the trick and swindle, which is called legislation, prepare for the approach- ing storm, by largely augmenting their reserves of gold and Bank of England notes. The Bank of England, thus drained, must protect itself; and it can only do so by raising the rate of discount to 7, 8, and 10 per cent., as was the case in the last panic. But 10 per cent, only applies to the very first-class bills ; for on all others a commission is charged, in addition to the discount, of 20 and even 30 per cent., as was stated in evidence by Mr. William Browne, M.P. for Lancashire before the Par- liamentary Committee of 1848. Then arrives the rich opportunity, for which the "hard calculators" have been waiting. All the productive classes are involved in ruin. The merchants and manufacturers must sell their stock of goods at any sacrifice, for less than prime cost, aye for less that 50 per cent, below prime cost. The " hard calculators " are the buyers ; they can well afford to put the goods into store for a few months, and during that time lose the interest of their money. At the end of that time, the hoarded notes and gold are returned to the Bank discount rapidly falls, trade revives, prices rise, and then the goods which were bought for fifty per cent, under the cost of production are sold for their full value; and the " hard calculators '' are enriched out of the spoils of plundered industry. Now while these most unjust operations are going on, the factories are closed, or are only worked at short time, and mechanics and artisans are deprived of work, wages, and food. Many have to part with their fur- niture, and even their clothes, to escape starvation, to the pawnbroker, just as their employers had to part with their stock of goods to the usurer. Such is the horrible and heart-rending result of this vile con- spiracy of the bullionists. They are the real authors of bankruptcies, of compositions with creditors, of strikes among working men, of broken hearts, and of ruin: and they add insult to injury; for, to cover their evil deeds they assume the air of moral censors, and reproach their victims with having overtraded ; which they were tempted to do by a low rate of discount, brought about by these Acts of Peel. After all what is this pretended over-trading ? Can it be said that too many THE LONDON JOINT-STOCK BANKS, 43 commodities have been produced, when great numbers of the people live in wretched and unventilated hovels, wanting food, clothing, and furniture ? No — a thousand times no ; it is a deliberate falsehood in- vented by the rich capitalist, to excuse the work of ruin which his mone- tary system has caused. Such is the money-system under which we live. It spread desolation through the ranks of honest industry in 1819, in 1825, in 1837, in 1839, in 1847, and in 1857. In each of these years, the heartless usurers made fortunes. As pirates lurk in a cove, concealed from view, till an unsuspecting merchantman heaves in sight, so do the " hard calculators " bide their time, watching for the turns of the money market, and seize the moment for pillaging the unwary and confiding trader. These are the men whom society calls " respectable," because they can draw cheques on their banker for the plunder they have deposited, not for any honest gains earned by industry. Working men ! small shop- keepers! employers of every class! be not deceived; the real cause of privations and vicissitudes is gold money, here to-day, gone to-morrow. You have tried every remedy but the right one. We do earnestly im- plore you to study the monetary laws— those laws which hold you fast as slaves' in a golden net. You are trammelled in bullion meshes. You are the victims of a vile conspiracy, the bondsmen of a foreign metal. The possessors of that foreign metal make you toil sixteen hours a day for a few grains of it. Your very manhood is measured in those grains. Your brains and sinews count for nothing, though they are of God, who gave them to you as j'our supporters. The grains of gold measure those brains and sinews ; and Mammon weighs them in his scales. He who holds those scales is your master, nay, your tyrant, however lustily you may shout the chorus to " Rule Britannia." Shylock hears that chorus, chuckles at your folly and whets his knife! THE LONDON JOINT-STOCK BANKS. These institutions have arisen from the growing exigencies of the times. Peel endeavoured, most unwarrantably, to throw the blame of the panic of 1825, which was justly attributable to his Bill of 1819, upon the private banks, just as Lord Overstone throws the blame of the monetary crisis of 1857 on the joint-stock banks. An Act was, therefore, passed about 1829, to authorise the establishment of joint- stock banks. The public, however, did not, for several years, seem disposed to avail themselves of this enactment. But about 1833, the 44 THE LONDON JOINT-STOCK BANKS. spirit of commercial enterprise took this direction, and several banks were established on the joint-stock principle. As might naturally be expected, these institutions were not at first regarded with favour by the private bankers, who felt that they had been unjustly accused by Peel of over-issuing and bad banking, in order to conceal the defects of his own unwise and unsound monetary system. The years of prosperity which, during the inactivity of the principle of the Act of 1819, followed, encouraged a wider and more extensive system of banking operations. The necessity, also, for economising the currency inclined more persons to avail themselves of the advantages of keeping an account at their bankers. The judicious and prudent man- ner in which the London and Westminster, the London, the Union, the Commercial, and other large joint-stock companies both in town and in the provinces, and especially in Ireland and Scotland, were conducted, gradually drew public support and confidence towards them. It became the interest of the private bankers, therefore, to admit these large joint- stock companies to a participation in the advantages of the system which the private banks had, with much trouble and expense, esta- blished for their own convenience. The clearing house was thrown open to them, the Bank of England ceased to oppose them, and, to the credit of all parties, it may be stated, that a system of mutual good-will and fair dealing is now established between the private bankers and the joint-stock bankers. As the formation of metropolitan joint-stock banks had been sanc- tioned by the 3rd and 4th of William IV., the directors of the London and Westminster reasonably presumed that they had power to sue their debtors; but they were mistaken. To remedj' this defect, within three months after they had commenced business, they petitioned the House of Commons for power to su^ and be sued ; and the Bank of England prayed to be heard by counsel against those powers being granted. The opposition failed in the House of Commons, which passed a Bill in favour of the London and Westminster : but it only appears to have been read once in the House of Lords ; for Mr. Lawson says, " No further trace of it can be found in the journals." Bills of exchange were drawn on them from the country, which were accepted ; and the Bank of England, jealous of its privileges and monopoly, gave legal notice to the London and Westminster, that, by accepting bills, they were infringing the privileges of the Bank. Suits were instituted, both in the Courts of Law and Equity. The dispute was carried before the House of Lords, who called in the assistance of the twelve judges, and a decision was pronounced in favour of the Bank. This brief statement shows the nature and extent of the diflaculties which the founders of metropolitan joint-stock banks had to encounter. Every Londoner is aware of the immense benefits conferred on trade THE LONDON JOINT-STOCK BANKS. 45 by these institutfons. They have been, for the most part, conducted efficiently and with the utmost prudence. The directors have proved themselves fully capable of performing their duties, and their integrity is unimpeached. Publicity is one of the best guarantees of justice ; and as these establishments periodically publish a balance-sheet of their debits and credits, the best security is afforded to the public. We believe that the joint-stocks have not only rendered large facilities to trade, but done much to elevate the character of the trader, as a man feels himself raised in respectability by keeping a banking account, and fears to lose a social position he has once secured .An inci- dental advantage has also arisen, cash now being sent to a banker for safe custody, instead of being retained in the dwellhig-house liable to be broken open by burglars. But the mo.st important fact is, that a trader, known for his probity and punctuality, will always obtain assistance from the joint-stocks in temporary difficulties, and thus escape the extortions of the usurer and the discounting attorney. They are, in fact, harbours of refuge when the tempest most fiercely menaces. We have referred to the friendly feeling which very generally happily now exists between these institutions and other members of the great banking community. There are, of course, exceptions to this rule. And among these exceptions there are some who complain who are least entitled to find fault. Lord Overstone, a professed disciple of Peel, not knowing whom to blame for the ignominious failure of the Bank Charter Acts, endeavours to throw the responsibility of its failure on those institutions which were called into existence by Sir Robert to render the banking system of this country more safe and ssitisfactory. We direct attention to the following extracts from the speech of Lord Overstone in the House of Lords on the 3rd of December, 1857: " There had grown up in this country and had been rapidly developed within the last ten or fifteen years, a false system of credit and of holding deposits at call carrying interest, a system which had grown up to an enormous extent, and which was still growing, and if that evil was not corrected, it would certainly overturn our monetary system altogether. That was not an isolated opinion of his own ; but there was scarcely a man, of enlarged views and experience, in the city of London who did not entertain the same views. It was indispensable that the attention of Parliament should be directed to that subject. Let them look at the difficulty in which the country was placed, notwithstanding the relief supposed to be afforded by an exceptional dealing with the Act of Parliament, He did not mean to say, that the Government ought not to have taken the steps they had; but he did say that if the Act had been maintained only twenty-four hours longer, the whole of the vicious system to which he had referred would have been got rid of by the 46 PIGEONS AND CROWS. crumbling to atoms of the institutions which fostered it. Irretrievable ruin would have followed ; and the commercial atmosphere would have been cleared." We have taken these passages from the parliamentary report of the Times, the faithful ally of Lord Overstone, to which journal his lord- ship contributes under the signature of Mercator, and to whose writings no reply is ever allowed insertion, and }'et the Times is called a liberal newspaper. Our readers, then, may be satisfied that Avhat we have cited is genuine and uncoloured, however startling and incredible such sentiments may appear. Not one word of commiseration is expressed for the dreadful sufferings that must have ensued had the suspension of the Act been postponed. Thousands of families must have been involved in wretchedness, and all their prospects in life have been blighted. These excellent institutions would have been annihilated, and the profits of the " Pig upon Bacon " Bank in Lothbury would have been increased ; and this greed of Mammon is described as a purification of the commercial atmosphere. So far from manifesting the slightest sympathy for those who might literally have been beggared. Lord Overstone seemed to regret that the catastrophe of "irretrievable ruin" had been averted. He denounced the joint-stock banks as a " vicious system," and as creating a false system of credit ; but he gave no proof of either of these reckless assertions. Surely the directors of those institutions are as honest, as disin- terested, and as intelligent as he, and if they have curtailed the business and diminished the gains of the bank to which he owes everything, he should have been content with being a grumbler, without becoming an accuser and denunciator. Tt is an old remark, that comparisons are odious ; but when the subject which provokes them is odious, truth and justice require that they should be used. Those who play at bowls must expect rubbers, and those who live in glass houses have long since been advised not to throw stones. PIGEONS AND CROWS. Dat vcniam corvis, vexat censvira cokimbas. It often occurs that in dealing our blows We punish the pigeons and pardon the crows. Last Sunday afternoon, in the course of one of those thoughtful and solitary peregrinations to which I am rather addicted, and which my wife pleasantly calls the march of intellect, it so luippened that I stumbled upon Buckingham Palace. Not literally, of course, as the PIGEONS AND CROWS. 47 stiff sentries, stiffer palisades, and sprawling stone heraldry, may easily explain; but I walked witbin ear-shot of that regal edifice, and the previous current of my thoughts, whatever that may have been, was at once diverted into an extremely loyal channel. " It is a fine thing," said I to myself, " to live in a land like this 1 Thank Heaven we know nothing here of passports, vis^s, dossiers, domiciliary visits, or patroles gris ! Civis Anglicanus sum ! O fortu- nate self and fellow-countrymen, who dwell in the light of a Government strong and wise enough to protect all without molesting any !" I don't wish you to consider this little play of internal eloquence as even a fair sample of the jets in which I occasionally indulge — ^jets which are, unfortunately, but sealed fountains to the world at large ; but it may serve to introduce the topic which has provoked me to draw the pen. For, just as I was mentally soaring to a much more exalted pinnacle of reflection than any already indicated, I found myself the centre of a row. The dramatis personse were five young ladies and a policeman. How the difference began^ I can't exactly say. One never does know exactly how a row begins. It is as uunoticeable as the first shy twinkle of the evening star. Anyhow, these five young ladies, each of whom carried a well-filled pannier of ripe St. Michael oranges, were flying before the strong arm of the law, in the person of the policeman afore- said, and the road all round me was strewn with spilt fruit, hopping and rolling in every direction. I picked up a dozen at least, and restored them, as equitably as I could, among the baskets of their different owners, who were much too frightened and excited to express their thanks. Their principal difficulty, however, seemed to be in under- standing the motive of their enemy, — in discovering,' in short, what he expected them to do. I confess I was as much in the dark as they, but since an indiscreet question might probably have subjected me to a charge of interfering with the police in the execution of their duty, I held my tongue. Privately, however, I agreed with them, that it was embarrassing to be chased and hustled and told to move on, or you'd be walked off to the station pretty quick; yes, that you would; when you couldn't for the life of you conceive in what you had offended, or what sort of submission would be considered sufiicient to meet the justice of the case. At last, one young daughter of Erin dropped her basket in the middle of the road, and burst into a passionate flood of tears. Then was the enemy exo(?edingly triumphant. " Now then YOU ! If you don't pick up that basket directly and move along, I'll just move you and them there oranges off where you won't like. Pick 'em up, you, directly !" " I'll not pick them up !" sobbed the maiden. " Where's the good of my picking them up, when I'm to be pushed about this way ? "What 48 PIGBONS AND CROWS. have I done ? How'd you like to be pushed about by policemen, if you was a trying to earn your bread ?" Ultimately, after a great deal of constabular expostulation, and after being pushed left face and right face several times, the poor girl was induced to pick up her basket and walk away with it, a termination of the contest which the policeman evidently regarded as highly satisfactory and well worthy of all the energy and diplomacy by which it had been obtained. In fact, after looking around him with the calm, dignified demeanour of true courage, and ascertaining that of the five fair rebels not one remained upon the field, he proceeded along his beat with the air of a man who has done what England expected of him. Perhaps he indulged in the animating idea that gracious Majesty itself, whose draw- ing-room is doubtless upon the first floor front, might possibly have been a not very distant spectator of his dauntless deeds. Now, if I were on my corporal oath at this very moment, I couldn't answer, as to my belief or otherwise, as to what this man's object was, or in obedience to what conceivable instructions he could have been acting. Whether policemen, as some think, are " entered " at this sort of humble game as a preparation for more difficult exploits, I don't - know. "We have heard how rats with their teeth drawn used to be pre- sented to juvenile terriers to fortify them in confidence and dash. In this respect, orange-girls are no doubt discreetly selected. They are usually quite friendless and not very strong, and yet capable of great fluency of speech under sufficient provocation. And it is a part of a policeman's training not to be easily daunted or distressed by " chaff," which, among the lower orders in this metropolis, is what war- palaver is to a Red Indian, or the custom of battle-hooting to the Tartar infantry. If, therefore, there be really both pros and cons as to the matter in question, I sit here prepared to hear reason on behalf of the former. Only I should suppose that, in any event, there must be an advanced class of policemen ; not competent perhaps to the more arduous feat of apprehending felons and outlaws and Simon Bernards, but still capable of greater things than the chasing and evil-entreating of little fruit- girls. And I am readj' to point out to them a very useful field of enterprise — a field which has been neglected to the extent of becoming, as it is, a metropolitan disgrace. I allude to those intolerable evening nuisances, the hawkei-s of important intelligence. I know that this is not a new grievance. I don't profess to have made a discovery. I know that people who stormed and grumbled and wrote to the Times upon the subject years ago, are now becoming case- hardened to an infliction which seems to be regarded as a necessary evi — an inevitable incubus of the West End. This is no comfort to me. I have not been scarified into insensibility. Quite the reverse. And PIGEONS AND CROWS. 49 as to the grievance being an established one, I recollect the story of a certain philosopher, who cried when his son died. "Why do you cry ? '' asked a considerate friend; "as a philosopher you ought to know that your grief will never bring back your son." " I know it," replied the sage ; " I weep to think that such grief as mine should be ineffectual." So, my present indignation arises , not so much from a direct sense of injury, as from the fact that a weak, indolent, unaccount- able apathy is rapidly rendering indignation ridiculous. What should we think, I wonder, if our own correspondent in China were to write word that, there, in a certain capital city, gangs of men paraded the streets after night-fall, shouting in concert, at the full pitch of their voices, intelligence very often as false as it was alarming ; that thoy did this simply for the purpose of turning to their own pecuniary profit the fears of miserable mothers with sons in the wars, or the curiosity of foolish servants; that these roaring gangs chiefly and by choice fre- quented the wealthy parts of the city, where dwell the mandarins of many buttons and feathers, and others of distinguished note, and bellowed their loudest under the drawing-room windows of Yeh himself (before he slung his hammock on board the Inflexible); that Yeh and all these mandarins hated the practice more than could easilj' be told, and often condoled with each other upon the subject, and wished that there were some law or means to stop it, but that there being no such law, and the street police being indifferent and contented, the said practice was likely to continue and flourish for ever. Wouldn't such a story sound only too outlandish and grotesque ? Should we applaud the placid benevo- lence of those good Chinese, or should we conclude that their minister of police was a funny old fool, who had much better be winding silk, flying his kite, or chin-chinning Joss, than drivelling over the affairs of the nation ? I don't know; but I know that I have just described a per- formance nightly enacted under the very beards of our bishops, senators, and privy-councillors, to their infinite dislike; and that not one single voice has yet been effectually raised for its arrest. It can hardly be necessary to enlarge upon the atrocious cruelty of which these noisy men are the nightly agents. Few large squares, few long streets, but contain some sick, suffering, or dying persons, to whom sudden, startling excitement is misery, or worse. In times such as those which we have but just passed through, how many a heart has been chilled with deadly fear, as the shout, "Dreadful massacre in India I Great loss of life !" rang and rebounded through the darkness outside. I was sent out, upon one of these occasions, by a lady with whom I was dining, and who was in perfect agony on account of her son then in the thick of the rebellion. The vociferous rascal whom I accosted thrust his paper in my face with the remark, " There yer are 1 Bloody news from Inger ! Twopence !" E 50 PIGEONS AND CROWS. " Show me the news," said I. The man had the effrontery to point to the report of a cosy meeting held that morning iti Leadenhall Street, and aslied if that warn't Ingern news ? and if that wouldn't suit, what did I want ? and so went bellowing on his way. Truly I am sorry for the orange-girls, but I think that our pity ought to be reciprocal. Not so very long ago, during the late Crimean conflict, one of these horrible men (falsely) announced the death of a distinguished general officer, a neighbour of mine, upon the steps of his own hall-door. The chieftain's indignant butler sallied forth in reply, and laid the miscreant roaring in the gutter. I should like to have had that excellent servant brought before me, as a magistrate, charged with the said assault. I should like to have asked the complainant, with a curious look of blank wonder, what he expected ? Did he anticipate that the general's lady would step down herself to tender twopence and thank him personally for the delicate and considerate manner in which he had volunteered to break to her the news that she was a widow and her children fatherless ? I should like to have extracted from him his idea as to what the bluff old butler ought to have done, and whether he, the complainant, was, upon consideration, perfectly satisfied with what had been done, and, if not, why not, and how otherwise? as lawyers ask in Chancery. "We shall be shamed, some day, when this outrageous nuisance is abolished for ever, by the reflection that we tolerated it so meekly and so long. To suffer submissively, in the hope that some day or another somebody bolder than ourselves will take the matter in hand, is very dainty strategy. Our present trouble is worse than those unmelodious horns and bells which our fathers knew how to silence. One word about street music before I conclude. I disclaim all indis- criminate hostility to performers of this class, from the bird-organ to the Bohemian band inclusive ; neither should I advert to the subject at all, but for a suggestion which I wish to make. Why not cause every person whose deliberate intention it is to earn a livelihood by making a noise more or less disagreeable in the public streets, to take out a license and wear a badge, like a cabman — penalty of unlicensed playing, the confiscation of the offending organ. Then we should have some check — practically a very substantial one — where at present we have none at all. I will illustrate my meaning by a fact. Last year, my knocker was tied up with what had once been a white kid glove. The doctor's brougham stood at the door, and the blinds of the best bedroom were down. A certain little stranger was expected to make his first appearance upon the stage of this world in the course of a few anxious hours. A dark Italian man, with a high hurdy-gurdy, and a monkey in his PIGEONS AND CROWS. 51 bosom, saw this, and knew as well as the doctor what was going to happen. He calculated that, cost what it might, he must be bribed into silence if he only chose to play. And so play he did, and standing full before the muffled door and under the blinded windows, he struck up "The low-backed car," whistling at the same time, his monkey accom- panying him upon cymbals. Down I darted, of course, and began, rather Mrs. Plornish fashion, " Mustn't play here — lady very sick — you go 'way." " Give me a shilling, then !" was the reply, while a click in the organ- flank announced that a new tune was being turned on. I don't know whether I ever foamed with rage. I am not certain, indeed, that I am physically capable of exhibiting that fierce pheno- menon ; but I feel positive that I shall never be so angry again. I only said, in hoarse monosyllabic staccato, and with a look which I dare say was effective by gaslight, " Play one more note if you dare !" The scoundrel looked me in the face for a moment, and then perceiving that something more than a silver shilling depended upon his reply, made an atrocious grimace, twisted the cymbals out of his monkey's fingers, and went gobbling away. I shall not easily forget the sympathising, inquisitive look with which that degraded monkey gazed up into his master's face, on finding liis own part in the expected performance so summarily cut short. It must have been very aggravating to the man. Now, supposing that I had then, as for a moment seemed not very improbable, committed homicide, or simicide, or both, — might not some excuse have been found for the misfortune ? If every street- player wore an identifying badge, each would have a clear, individual, restraining sense of responsibility ; whereas at present, being almost as much alike as their own monkeys, they know perfectly well that by slipping round the nearest corner all their misdeeds are left for ever behind them. I began this article with some reflections about a certain Government which protected all without molesting any. In some small matters, perhaps, my fellow-subject, the little orange-girl, and I, might come to not very opposite conclusions. If she was molested, poor little soul, I don't admit that I'm sufficiently protected ; and I am sure that she is less responsible for her grievances than I for mine. My sentiments in the matter of loyalty are, I hope, as orthodox as ever ; but, upon con- sideration, I request that the reflections above referred to may be taken sub modo. I deposit these ugly words in their native Latin, because my wife, whose veneration for the powers that be is intense and unaccom- modating, has undertaken to revise this manuscript. 52 THE MONEY OF BRITISH INDIA. In the discussion of financial questions, we should ill fulfil our duty were we to overlook our vast eastern empire, British India, and the difficulties of its present rulers, the East India Company. That empire has just been saddled with an additional debt of £5,000,000, to be extended to £8,000,000, as sanctioned by Parliament. Now we hesi- tate not to say that, under proper management and with a rational monetary system, one adapted to the present age, not only might this burden have been altogether avoided, but a vast increase of the revenues of India secured, and her existing liabilities proportionally reduced. The whole financial fabric is a crude, disjointed thing, betraying at every point its barbarous origin. But it is more especially in the anomalous monetary system that we discover how closely and servilely we have adopted and followed, in everything relating to finance, the organization of our predecessor in power, the ignorant and half-civilised Mogul. It would seem as if the kingdom thrust upon us in India were too vast for our grasp, judging from the powerlessness displayed either to originate any new measures for the more perfect government of the country, or to improve iipon the systems which obtained when we found ourselves transformed from a small body of traders, occupying, on sufferance, a mere nook on the banks of the Flooghly, into the abso- lute rulers of a mighty empire. As we cannnot enter fully into the history and nature of the monetary system of India, we must be satisfied for the present with giving a brief sketch of the practical working of that system in one particular operation. And we believe this will sufficiently expose the rude and cumbrous character of the machine, and satisfy every unprejudiced mind of the urgent necessity for reform. The money of India continues the same rude and barbarous instru- ment as in the days of the Emperor Akhbar; while it is far less effective in its operations, owing to the currency being now restricted to silver coin only ; for under the Mogul dynasty both gold and silver were employed. But we not only adopted the primitive money of the Mogul, with the above restriction, but also their rule of paying the troops and establishments monthhj. And while with them the rule was one thing and the practice another — for they only paid their troops and others when convenient — with us the rule and practice coincide. Our pay- ments are made regularly every thirty days ! Our enormous armies, the whole of the civil services, and all other Government establishments, are paid monthly in rupees, a silver coin of the value of two shillings ! THE MONEY OF BRITISH INDIA. 53 Imagine the salaries of all state servants, the army, navy, and other public departments in this country, paid every month in two-shilling pieces! And if we take for illustration of the system a single station or cantonment in India, and describe the monthly process which takes place in distributing the salaries and pay of the civil and military esta- blishments located there, our readers may form some faint idea of the vast amount of silver which the Government must keep locked up in their treasuries to meet this demand throughout the country. First comes the civil service, with its commissioner, judge, magistrate, collector, their assistantj and deputies, the " Omlah" of their courts, and the vast establishments attached to these, involving salaries from 3,000 rupees to the commissioner, to- five, the pay of the peon, or chupprassie. Then the military branch of the service, composed of, perhaps, two or three corps of cavalry, a battalion of artillery, and several regiments of infantry, receiving monthly pay varying individually from 1,450 rupees, that of lieutenant-colonel commanding a corps, to the seven rupees paid the Sepoy or private in a native infantry regiment. Next we have the commissariat department, with its vast expenditure and host of annuitants; the executive engineers' department, with the multitudes employed by it in public works; the staff of the station; the hospital establishments of each regiment ; the regimental bazaars; the pay- master's, judge-advocate's departments, and others which we cannot enumerate. From this statement we may judge of the amount of hard coin re- quired to meet the wants of a single station at the beginning of each month. And if we extend our view to the hundreds of such stations, and embrace all the higher ranks of officers, civil and military, with the extra establishments entertained upon the constant movement of troops by land and water, we can understand why the Government, under the present system of monthly payments and with the existing currencj', must monopolise and lock up a vast amount of the sole current medium of exchange, and thus greatly reduce the circulation and press heavily upon the springs of industry. To pay every one with heaps of two-shilling pieces is bad enough in a nation like our own, professing to be civilised ; but the senseless system of paying all state servants and other state claims monthly, which we adopted from our Moslem predecessors, has greatly aggravated the evil. There is something ludicrous as well as humiliating, from its clumsi- ness and barbarity, in the very process of paying a regiment in India. Pay-day is one of great excitement and much commotion in a canton- ment ; and the scene enacted is such that did it not take place before our eyes every thirty days, we could never have believed that in the nine- teenth century such a process could be carried on under a civilised Government, and by a people making some pretensions to science. 54 THE MONEY OF BRITISH INDIA. Early in the morning of the eventful' day we see the empty gun- limber from the artillery, and the quartermaster's cart from each cavalry and infantry regiment, under a guard of soldiers duly armed, taking their departure from the lines of their respective corps, so as to reach the pay-office — perhaps some miles distant — by ten o'clock in the morning. There the several parties remain in the shade, if that can be had, until they are called upon to receive the amount of silver due on their respective regimental abstracts ; and then begin the real labours of the day, which do not end till nightfall. The pay-sergeants, or havildars, and moonshees, now set to work manfully to count the heaps of rupees that lie around them on the floor of the pay-office ; and, from long practice, these men possess a maryellous power of counting, and are most expert in detecting spurious coins. Hours, however, are consumed in the tedious process, and the parties return to their lines tired and worn out. But instead of finding rest, they have to go through the same operation again. The amount of the pay of each company of a regiment is taken to the barracks in the case of an European one, and to the dwelling-house of the captain in that of a native corps. Then comes the assembling the regiment and all the native establishments attached to it, the tent-lascars, bheesties, cook-boys, barbers, "et hoc geniis omne," to receive their quota of two-shilling pieces, those nuggets from the mine at the pay-office. It would be unprofitable to pursue further the description of this tedious and most primitive operation. It is a relic of those rude ages when printing was unknown, and barter was the order of the day. Enough, we hope, has been said to prove our case, that currency reform i»much needed in the East, even more so than at home. When we consider the loss to the country in the vast amount of capital thus locked up in the Government treasuries, and utterly un- profitable, and also the evil consequences to the productive industry of the country from the deficient circulating medium caused by the exclusive use of one metal as money, and the monopoly of so much of this by the Government, the fact is placed beyond dispute that the first and most important reform required in India — as soon as we have crushed the mutinous rebels now in arms against us — is a complete change in her currency, and an entire reorganization of her system of finance. Instead of the existing money of the Mogul dynasty, let the Government establish the imperial currency of Great Britain, composed of paper, gold, and silver. "Who ever before heard of the rulers of a conquered country coining and making use of the money of those Avho had ruled before them ? Let us for the future have British money as the currency of British India, And were this done, and an issue of State notes made on the same principle as that on which we issue such in this country, to the amount of £14,475,000, and to an extent proper- THE TWADDLE OF THE "TIMES." 55 tionate to the revenues of our eastern empire, there would no longer exist the necessity for any such application as that about to be made to Parliament for permission to the East India Company to raise a loan in this country to meet the public expenditure. THE TWADDLE OP THE "TIMES." The rise and progress of the " City " Twaddle of the Times is amusing and instructive. Before the panic of 1825 the papers had little to narrate of City matters but the rise and fall of stocks and the prices of securities. But the monetary convulsion of that period invested banking and commercial affairs with an important public interest. The clerk, or the penny-a-liner, could tell of the ruin of great merchant-houses and the impending ruin of others; and numbers whose interests were involved listened with anxiety and avidity. So the Times began to keep a City writer, and as commercial difBculties, pressures, and panics continued to increase and multiply under the operation of Peel's Bill, the chronicler of these events increased in importance. The panic of 1847 advanced the City writer another step. Public curiosity and interest were again excited. People began to ask about the reason of panics, and the Times writer became a little oracle as to monetary matters. He is, then, the creature of the panic-makers; called into political existence by panics, sinking into his pristine insignificance in times of prosperity and commercial repose, and magnified into im- portance again by alarm, convulsion, and ruin. With very limited knowledge and unbounded audacity of assertion, (cold-blooded and spiteful,) in trampling upon the fallen, with just sufficient "sharpness" to give plausibility to his sophistries, the City writer became a leading twaddler to persons more ignorant and superficial than himself. A hold being thus established on the attention of that large portion of the public who "do not know what to think" about the currency, Mercator shuffles upon the stage, growling out his contradictory and splenetic apologies for his insolvent theory, the Bank Charter Act ; that " vicious institution" which failed in 1847, and "crumbled to atoms" in 1857. Who would take the trouble of examining his quibbling defences of his broken-down and self-condemned system? No one who did not know that the most important interests of the people are involved, and that while, as all are forced to admit, Peel's Bills have been the most signal failures of modern legislation, the greatest ignorance on the 56 THE TWADDLE 01' THE "TIMES/ subject pervades the minds of our law-makers, and also of the victims of their folly. Let us then inflict on ourselves and our readers the trouble of examining a little of the Times twaddle during the Monetary Crisis. On October 12th, 1857, the Bank raised its rate of discount from 6 to 7 per cent. The Times then uttered this soothing twaddle:— "When," it said, "the advance to 7 per cent, was announced, every one saw that the work of protection was in progress; and the convic- tion that, in case of need, there would be no hesitation in making another movement, esfablished a sense of perfect security." "Altogether the feeling exhibited was such as to excite pride in our healthful system of finance, and to confirm the impression that, although this shock from America has come upon us in the midst of the Indian mutiny, we shall be able to withstand it; so that its consequences, heavy as they must necessarily be, shall not destroy confidence or inter- rupt the general icelfare of the country." — We suppose there were found people to believe this. A few weeks afterwards " perfect security" had given way to universal alarm and wide-spread ruin, " confidence" was at an end, and the "general welfare of the country" was suspended — as the Bank Charter Act was, and as its authors deserved to be. A few days later the Times prated about the " renewal of confidence," and while it sneered, not without reason, at the Tookites, declared that England presented at that moment " an example of financial steadiness to the whole world." On October 19 the Bank raised their rate of discount to 8 per cent. The Times then twaddled prophetically. "It was," it said, "unlikely that the pressure would last even so long as four weeks." " Meanwhile,'' the writer said, " as regards our own position in all those branches of trade not connected with America, there is a total freedom from uneasiness. The circumstance merely of an advance in the rate of discount to 8 per cent, for a few weeks, to meet a temporary evil in which all other nations participate, can inspire no dread on the part of any solvent houses. The difference between that and 5 per cent., even for two months, would amount only to an extra 10s. per cent, on all the accommodation they might require; and if their capital and current profits are inadequate for such a contingency, they can scarcely be considered fit to he in business at all on their own account." "There ought," it was affirmed, "to be no terrors in 8 per cent., or any other rate of discount," and the announce- ment, the public were told, was received in the metropolis " without the slightest indication of confusion or alarm," We will first give the writer of this most ridiculous twaddle the benefit of the supposition that he sincerely believed what he said. We then affirm, that a person so ignorant and so devoid of the perception of the first principles of the Bank Charter Act, should not presume to enter THE TWADDLE OF THE "TIMES." 57 on the subject at all. Lord Overstone was asked, in his examination before the House of Commons' Committee, in July — ■ " What is the effect of a rise in the rate of discount upon the prices of securities and goods?" and he replied— "It is very direct and simple. When the money of the country is diminished, the remaining quantity becomes more valuable; the rate of interest rises; that rise in the rate of interest acts upon public feeling ; the public becomes more cautious ; credit and confidence are more or less affected ; the remaining money per- forms its functions more slowly, and in that ivay the value of the money is increased, and increased to ivhatever extent may be necessary to prevent the further export of it (i.e. coin or bullion), and to bring bach again that luhich has gone.'' All this is plain enough. When gold goes out of the country, the device of Peel's Bill is to diminish the circulating medium. This diminution acts upon credit and confidence, causes the money left in circulation to " perform its functions more slowly" (being hoarded for security), and increases the value of money, that is, causes the price of all commodities to fall. This process, Lord Over- stone says, " is increased to whatever extent may be necessary to check the further export of money ;" i.e. of coin or bullion. Now, with such a process as this in prospect, the Times twaddler tells the commercial public that " there ought to be no terrors in 8 per cent., or any other rate of discount;'" that 8 per cent, should inspire no dread in "any solvent houses;" and, taking the view of a mere bank clerk, he twaddles about the difference between 5 and 8 per cent, for two months being only an extra 10s. per cent. There were, as we said, no doubt members of the commercial public who, at the time, tried to swallow this, and to believe, as the Times told them to believe, that there were no grounds of alarm. Pursuing the same childish idea, the Times, on the 26th October, repeated, that " our merchants vinconneoted with the United States are merely called to meet the inconvenience of a high rate of discount;" — not the " inconvenience" of a depreciation of their commodities, 30, 40, or 50 per cent. The twaddler added: "If any house is in a con- dition to be extinguished [we suppose the City Editor is under the delusion that he writes English as well as sense] by a mere increase, during a month or two, of a few pounds per cent, in the charge for such accommodation as it may require, the sooner it is extinguished the better." Our City scribbler then becomes grandiloquent, and announces it as his opinion, that " any wide-spread distress would be ^n anomaly. It is a moment to test our courage and self-possession, but nothing more. We have obviously no trials before us but such as we should be prepared to meet with cheerfulness ;" and as we are " sound internally'' (we suppose this means something desirable in the City), " we can face our disasters with dignity, and by mutual confidence keep 58 DADDY Hubbard's currency tie. them withiu control." Highly consolatory this rubbish to merchants and traders who see their property daily diminishing in value, and know that they must relinquish the hardly earned savings of years of patient and energetic industry into the hands of the panic-mongers and usurers! The trade returns in the Times, a few days later, showed how the contraction in the currency had already done its work. Trade depressed, mills stopped by the score, and operatives thrown out of employment by the thousand, contradicted every word uttered by the selfish and super- ficial writer of this City trash. But it is almost impossible to believe that this writer could be so weak as to believe what he asserted. Why then did he utter it ? Credit and confidence were shaking, as he well knew. But something else was shaking. The Bank Charter Act, and the entire superstructure of Peel's monetary system, were shaking to the foundation. To this absurd and impracticable system he was pledged. The Act had shamefully broken down in 1847. But if, by cajoling or frightening the commercial public, he could induce them to submit to the confiscation of half their property, this precious Bill might escape without a second suspension, and be saved for its future work of desolation. Therefore it was, that the writer in the Times twaddled advisedly of an addition of only lOs. per cent., declared that no solvent houses ought to fail, and laboured to revive that confidence which the operation of the Act was destroying day by day. With arguments as weak and contradictory as they were impudent and audacious, and with a recklessness of assertion which regarded nothing but serving the purpose of the day, this creature of circumstance, ele- vated into a position for doing mischief which nature and natural capa- city never intended him to occupy, laboured in his vocation of supporting the iniquitous injustice of Peel's atrocious system of confiscation and usury. It was therefore that, by turns, he raved and drivelled. But his labour was thrown away. The flimsy sophistries of the supporters of the Act, and the Act itself, have " crumbled to atoms " in the day of trial. We have only begun with the Twaddler. DADDY HUBBARD'S CURRENC'S' PIE. Old Daddy Hubbard Though bills of exchange Went to the cupboard, Have a pretty wide range, To dish up a currency pie ; Yet their currency Daddy denies ; And what he did there, While dormant deposits, Made every one stare, Asleep in their closets, And turn up the white of his eye. Are current, says Daddy the wise. 59 SHELLEY, AND THE POETS OP HIS AGE.* The knotty point of a " pre-established harmony " in nature, has been discussed ponderously by Leibnitz, sooffingly by Voltaire in his " Candide." Non nostra — on the universal prevalence of such a law we do not presume to give an opinion ; but we do incline to the belief that in the world of literature there is a " pre-established harmony." When- ever the public taste has a longing for some peculiar literary product, an author is pretty sure to start up who can gratify it. And when an author is born with an irresistible predilection for a certain kind of literary work, he may boldly " throw his bread on the waters," secure of finding a public of some kind or another — " fit audience he will find, though few." Holding this faith — or heresy — we necessarily infer I'rom the recent appearance of sundry and divers dissertations on Shelley, that the literary public are not indisposed to revert to the study of his poems, and that it will not turn a deaf ear to some talk about his works, himself, and the moral and intellectual atmosphere in which his genius was developed. No author — not even any author of the highest class — stands entirely alone. Every author receives impulses from his contemporaries, at the same time that he re-acts upon them. The smallest part of the ideas, even of a Bacon or a Shakespeare, are originally their own. The originality of these mighty minds consists in their power of fusing all the notions which find their way into their thoughts or imaginings into one homogeneous whole. All who are capable of appreciating truly great writers, will, at the moment of perusal, surrender themselves implicitly to their influence, and submit to the impression of the aggre- gate work, without inquiring with an impertinent curiosity, from what sources its component elements have been drawn. Yet is it no unworthy or uninstructive task — provided it be undertaken in a candid and rever- ential spirit — to endeavour at leisure to analyze their works ; to seek to learn how far the social circumstances of their time drew them to look upon things from their peculiar point of view ; to conjecture to what extent their thoughts were suggested by interchange of ideas, through books or in oral converse, with their contemporaries. Such a scrutiny throws important light on the action and reaction of mind upon mind in society; and inasmuch as the individual minds thus subjected to analysis are poets and philosophers, the highest and the clearest intellects and imaginations, the study is of the healthiest. It may almost be said to be in the metaphysical world what the pursuit of botany is in the physical world, that research which prosecuted amongst the fairest and the sweetest objects of vision and smell is, as it were, the very poetry of natural history. * Secollections oftlie Last Days of Shelley and Byron. By B. J. Tebiawket. London : Edward Moxon. The Life of Fercy Bysshe Shelley. By Thomas Jeffeeson Hoaa. In four volume's. London : Edward Moxon. Autobiography and Seminiscenees of Leigh Hunt, London : Smith and Elder. The Poetical Works of Fercy Bysshe Shelley. Complete in one volume. London : Edward Moxon. 60 SHELLEY, AND THE POETS OF HIS AGE. The age to which Shelley and his poems belong, was one of Titanic effort. It begins — in so far as poetry is concerned — with Coleridge, Southey, and Wordsworth, and terminates with Byron, Shelley, and Keats. It is the epoch in the political world of the first French Revo- lution, of the earlier wars of Napoleon, of the great revulsion when all Europe rose figainst his domination, of the pangs and throes of a panting world, under the ruthless trampling of those paltry despots wlio availed themselves of its temporary exhaustion to attempt, in combi- nation, what Napoleon had failed to accomplish alone. It was in our English world an age of great social advancement — the period during which the emancipation of the negro from bondage, and the emancipa- tion of the Dissenters and Eoman Catholics from political disqualification were commenced and all but completed. It was an ago of bold pole- mical discussion. The great European Revolution had efiectually shaken men's minds out of the ruts of conventionality. Greater earnest- ness and sincerity, as well as greater originality and independence of thought, as compared with the controversialists of the preceding age, characterise alike the champions of scepticism and of revealed religion. It was at this time that Protestant Missions received their first real development; that Chalmers inaugurated his efibrts to reconcile political economy with Christianity; that Bentham, despairing of accomplishing anything b}' the aid of the politically powerful classes, threw himself into the ranks of the radicals ; and the almost unheard-of labours of St. Simon and Fourier were laying the foundation of a sect whose first public mani- festation shook the throne of the Barricades, while it seems destined to play a prominent part in the coming perturbations of France. But loud above all the noisy clamour of the controversies which arose out of this seething and ferment of men's intellects and passions, was heard — throughout more than two-thirds of the epoch whose character we have been feebly endeavouring to shadow forth — the uninteruiitting din and clang of arms. There was scarcelj' a corner of our earth that remained altogether imvisited by the scourge of war. And not only was the struggle spread over a field of unprecedented extent ; the multitudes engaged in combat exceeded what had been recorded in the fabulous legends of Egyptian, Assyrian, or Persian armies, while science had augmented the destructive powers of war's implements, and trained in the art of combination intellects perhaps mightier than had ever before been trained to that dreadful trade. The lava flood of conquest swelled out on all sides from the central crater of France, scorching and wither- ing for the moment every growth on the fields over which it rolled. Amid the smothering hot sand-drifts of Africa, through the accumulatin"- snow- drift of Russia, across the glaciers of the Alps, upon the billows of the tempest-tossed ocean, hostile legions closed wdth a hurricane crash, and inveterate hatred clung in the indissoluble death grapple. The revulsion that ensued, and drove the long victorious ranks of Napoleon back to the very walls of Paris, was not an ebb of that sanguine sprino--tide it was the foaming and rush and roar of a higher and more stormy counter- tide. And yet though for well-nigh thirty years the demon of war caracolled in mad triumph over an ensanguined world, the rapid course and progress of the productive arts and the accumulation of wealth was not for a moment arrested. Thanks to chemistry and mechanical SHELLEV, AND THE POETS OF HIS AGE. 61 science, the forge roared and the loom rattled with accelerating and accelerated speed throughout this period of deadly contention, rivaling with their clangour even the dread noise of battle; and when peace returned it found Europe and America infinitely more wealth)' and luxurious than at any preceding era of their history. Familiarity with the soldier's trade had no doubt imparted a.rough and reckless tone to the minds of many ; but adversity had braced the minds of all classes, and infused a manly heart into society. Men had learned to feel for others, and to endure themselves with uncomplaining magnanimity. It was an heroic age, an age of great resources; and the suffering which, subsequent to the peace, visited so many firesides, especially of the less wealthy classes, was not the consequence of an inadequate supply of material wealth, but of obstructions in its distribution, aggravated by the sudden transition from a state of war, which had become the normal state of society, to universal peace. So stirring a period could not fail to rouse the emotions and fill the imaginations of all who had any spark of jioetry in them. Perhaps at no ejiooh in the history of England has such a preternatural activity informed the national soul. There have been stirring passages in our comparatively recent annals, but those of us who remember the earlier years of the century, have felt that even the commotion of the Reform Bill era was tame in comparison. There was a proud elation in the minds of every sex and every age at the time when every adult male wore a red coat for at least a part of the year ; when England stood alone against a banded world ; and when her allies, one after another, proved false, or were beaten down, instead of quailing before the peril, the men of England laughed in the faces of their foes — caricatured and fought with them at the same time. Gilray, the Michael Angelo of carica- ture, caught in his happier works the impassioned imaginative spirit of the hour, while Campbell, of a more earnest mood, was roused to sing "Of Nelson and the North." The impulse which was felt by poet and artist thrilled even the most commonplace minds, and all in a spirit of deriding defiance, blended with an imaginative enthusiasm. And when the turn of the arduous struggle came at last, how every heart beat high! Moore had died a hero's death at Corunna; England quailed not, but prepared for the worst. The first efforts of Wellesley on the frontiers of Spain and Portugal were tardy, and of dubious promise. But first came the news of one victory, then of another; and then, day after day, tales of triumph trod in such rapid successioia on each other's heels, that the beginning of the one abruptly interrupted the close of that which preceded it. Who that was then alive to witness in the thronged streets of every town and village in England — where eager crowds obstructed the mail-coach, on which the Union-Jack displayed intimated that another field had been fought and won — men, women, and children, deep-toned and shrill, questioning, repeating, rending the welkin with cheers — can forget the emotions that stirred within him, though he should live to the age of Methusalem ? The mighty heart of England beat with one huge pulse. One jubilant sentiment pervaded the nation. And Avhen, in addition to their own triumphs in the Penin- sula and at sea, the English people heard of the successive risings of Eussia and Germany in their might, enthusiasm grew well nigh frantic. Q2 SHBLLEV, AND THE POETS OF HIS AGE. The passion which pervaded society was echoed in statelier and more harmonious tones by the great living poets. And their " numerous verse," even in the dreariest hour, shared the attention of the public with the most stirring tales of real life. The present generation is proud of its quick despatch of mails by railway and steam-boat, of its com- munication by electric telegraph, of its large impressions of popular works ; but we of a former age must be allowed to doubt if the thrill of expectation with which new books are waited for, and the acclaim with which they are received, equal in earnestness and power the emotions and their manifestions of the reading public, throughout the first five lustres of the century. When the Quarterly and Edinburgh Keviews were in the first flush of their fame — when a poem by Byron, or Moore or Scott, or a novel by Scott or the author of Anastasius, was waited for with as much anxiety as the news of a victory from the Peninsula, it was worth while to be a successful author. And the other great poets of that day, if they had narrower and less clamorous circles of admirers than those we have named, had perhaps their works received and cherished with a deeper veneration. What interest used to be made in those days for a furtive peep at the forthcoming volumes before publica- tion ! What intriguing there was to get an early sight of " mail coach copies !" And oh ! what fabulous sums were earned by the drawers of prizes in the lottery of literature, in the days when Murray in Albemarle Street, and Constable in Auld Reekie, were scattering gold with all the lavishness of two rival Haroun Alraschids ! This may appear to the unprofessional an anti-climax, but our brethren of the quill, who contrast our own barren field of exertion with the El Dorado of the times which preceded the great commercial crash of the leading publishers, and the success of the cheap publication mania in teaching literatews to sing a " song of the shirt" of their own, will know better, and sympathise with our involuntary sigh. In that time, as at all times, adventitious circumstances had a large share in creating the popularity of poets. The relative positions of the great rivals on the scale of merit are somewhat differently adjusted now from what they were then. It may even be that what was then esteemed the chief merit of some of their works, may now be regarded in the light of a blemish, and that beauties may be recognised in them which were formerly overlooked. If, however, the judgment passed upon these distinguished poets in the present day be more discriminating than that pronounced by their contemporaries, it is not less favourable, for the irrevocable fiat has gone forth, that they have shown " titles manifold" to take their place among the mighty masters of English song. It is felt that their works participate in the fulness and power of the age in which they lived ; and the most distinguished of our contemporary bards will be the foremost to acknowledge that their own works, how- ever beautiful and replete with fine and subtle thoughts, are charac- terised by less breadth and weight, have less of fully developed imaginative muscle, are inferior in simple and commanding majesty to those of their great predecessors. To us, whose young hearts and ears were enchained by the spells of these mighty masters when first breathed forth, it is a calm and elevating source of pleasure to sit, in our green old age, feeding on their melodious verse and inspiring SHELLEYj AND THE POETS OF HIS AGE, 63 thoughts, and endeavouring to apportion to each his relative degree of merit. It has often occurred to us that the generation which has come to maturity subsequently to the time when their works were ushered into the world, may not be indisposed to listen to our comments. The reception given to the notices of Shelley which have prompted these reminiscences, and our faith in that "pre-established harmony" between the writing public's propensity to gossip and the reading, public's pro- pensity to listen, which we have acknowledged we hold, encourage us to proceed. Shelley is not exactly the one of the gifted band who illustrated the close of the eighteenth and the opening of the nineteenth centuries whom we should have chosen to begin with, had we contemplated essaying a profound and systematic series of criticisms. The relation in which he stands to others, both in respect of chronological sequence and of greatness and originality, would have assigned him another place. But as it is the accident of the re-awakened attention to his writings which, has suggested the papers of which this is the first, it seems more in accordance with their unambitious character to follow the first hint, and discourse first of him whom accident thus recalls to our memory. A more systematic and exhaustive criticism might have called for an arrangement in accordance with the following considerations. Coleridge and Wordsworth, whose earlier poems were composed upon a preconceived theory, and published together, first require our attention. Southey, the friend and intimate associate of both, although not to the full extent a participator in their literary theories, is entitled to the next notice, as having walked along with them, although hand ■passibus cequis. Scott, a poet of a very different class, comes next in order, owing to the influence which the communication of the yet unpublished verses of Coleridge and Wordsworth by their friend Stoddart exercise both on his sentiments and versification. Moore is re- markable for being almost the only poet of his day who entirely escaped the influence of what came to be called " the Lake School," and he would have come next in order. Crabbe and Campbell it is difficult to place, though in the latest writings of the former may be found undeni- able traces of the influence of poets who were much his juniors. Byron, whose impassioned nature and great powers of condensed declamation enabled him to make a more instantaneous impression on his contem- poraries than any of his rivals, must yet be admitted to have caught much reflected light from Coleridge and Wordsworth, chiefly, however, through the medium of Shelley. Leigh Hunt, though inferior in power to any of those already named, except Campbell, was inspired with a genial originality which entitles him to a place in our records. In his poems also we can observe, however, the influence of the " Lakers." Keats and Shelley are inseparable from Leigh Hunt, though the association of the latter is little more than that of a congenial fellow-labourer, while that of the former is rather that of a pupil. In our poetical reminis- cences it would be unpardonable to pass over Charles Lamb, subsisting between the spheres of Coleridge and Hunt. Walter Savage Landor, though better known by his prose, may not be passed over in silence, Others there are who attained to more or less of a name in the course 64 MTERATURB, of the tliirly years to which our recollections have carried us back; but if we shall succeed in conveying to our readers a true and life-like idea of the characteristic beauties of the poets we have already enumerated, we shall have put them in possession of a tolerably just estimate of the poetical character of their age. And this we do not altogether despair of accomplishing, though we take them "promiscuously," instead of arranging them in strict chronological order. Here ends our epilogue, and — Enter Shelley, solus. (To le conlimied.) BEIEF NOTICES. The admirers of Mr. Charles Keade will be glad to have from himself an exposition of his " method in writing." Apropos of a new volume vaguely entitled Cream (Triibner), he gives the clue. " I feign probabili- ties," he says, " and record improbabilities: the former are conjectures, the latter truths : mixed, they make a thing not so true as gospel, nor so false as liistory: viz. Fiction. When I startle you most, think twice before you disbelieve me. AVhat able deceiver aims at shocking cre- dulity ? Distrust rather my oily probabilities. They should be true too, if I could make them ; but I can't : they are guesses." To this Mr. Reade should have appended a brief explanation of the principle on •which he christens his books. The Cream he offers " contains "■ — the right word in the right place, as the title-page assuVes us — two narratives, the Autobiography of a Thief, and Jack of all Trades, a Matter-of-JPact Eomance. Of these the former has floated to the top out of the good things put aside for use, when " Never too Late to Mend " was published. It is the story of Thomas Robinson, who, it will be remembered, while in gaol, was set by the chaplain to write his life honestly ; and a sadly sugges- tive tale it is of temptation and crime, of restless daring and perverted talent. As we understand it, its substantial truth is its chief interest. In Jack of all Trades, which is also cast in the form of an autobio- graphy, Mr. Reade writes with his accustomed vigour ; but while there is much to amuse, there is nothing to add to his reputation. The hero, the son of a fiddle-maker, starting from Seven Dials to live upon his wits, passes rapidly through many small vicissitudes of fortune, and seems likely to end as proprietor of Mademoiselle Djek, an elephant whose accomplishments almost rival his own ; but that celebrity being shot by authority for its cruel vagaries while on a continental tour, he returns home with a pretty wife to begin the \Yorld anew, and to take, we trust, — " sober, watchful, enterprising, energetic, and unlucky " as he may have been — a few lessons in morality that shall teach him how to deserve success. The main portion of his narrative relates to his elephant — one true to its nature, for the full-grown animal is, according to Jack, " the cunningest, most treacherous, and bloodthirsty beast that ever played the butcher among mankind." Dr. Livingstone has demolished the lion — made of him a skulking coward. Jack would reverse our notions in a wholesale way ; and herein appears to lie the moral of his history. " Almost all you have ever lieard about the full- grown elephant's character is a pack of falsities. They are your LITEHATtJRE. 65 servants by fear, or they are your masters. Spare the pitchfork, spoil the elephant. There is another animal people misconstrue just as bad : the hyena. Terrible fierce animal the hyena, say BufFon and Co. ; and the world echoes the chant. Fierce, are they ? You get a score of them together into a yard, and you shall see me walk into the lot with nothing but a switch, and see them try to get between the brick and the mortar with the funk ; that is how fierce they are : and they are not only cowardly, but innocent and affectionate into the bargain is the fierce hyena of Buffon and Co. ; but indeed wild animals are sadly misunderstood : it is pitiable : and those that have the best characters deserve it less than those that have the worst." Surely Jack, as the first achievement in his second outstart, has qualified himself for enrol- ment among the Fellows of the Zoological Society. "We have laid bare in The Service and the Reward, a Memoir of the late Robert Wilson Roberts, R.N'., by George John Cayley (Oakey), one of the most scandalous cases of official injustice on record. Mr. Koberts, a noble type of the thorough English sailor, was appointed at the_ commencement of the Eussian war — being then a master in Her Majesty's navy — to command the war steamer Cyclops. His efficiency as a vigorous practical officer was soon put to the proof in a manner that none had anticipated, for by him alone was the Crimean expedition rendered possible at the time it was resolved upon. Observing that no sufficient pi-ovision was being made for the embarkation and landing of the cavalry and artillery, on his own responsibility he secured — when Admiral Boxer replied to his representations with the plea of " no orders " — a quantity of the materials which he knew would be wanted, elaborated in his own mind a scheme for constructing pontoons in a simple, rapid, and effectual manner, and on a small scale tested the truth of his theory. When the authorities at last discovered their dilemma, that the French were ready, and everything depended on immediate action, they sent for Roberts — " Was he aware the shipwrights of Constantinople estimated the work at three months, and said there was no material, and could he pretend to do the thing in a week ? " He undertook to do it, and did it, by dint of almost superhuman energy ; five or six of his work- men died in the effort, and he himself, when the strain of anxiety was over, fainted, and remained insensible for some hours. But the thing was done, and the expedition sailed. This was the service ; what was ' the reward ? Sir George Brown had said, " If you do it, you will deserve the thanks of the whole army." Admiral Lyons wrote, " I really do not know what we could have done without you." Sub- sequently, before Sebastopol, the Cyclops towed in the Bellerophon, and fought her own guns in the attack. For the management of his vessel on this occasion. Admiral Lyons declared also that " too much praise could not be given to Mr. Roberts. " When the promotions came out, all lieutenants in copimand received commanders' commissions ; all commanders were made post captains and C.B.s ; but Roberts, as a master, was passed over altogether. Even Lord Raglan asked, " How is it, among all the promotions, there is no mention of Roberts, who really did more for us than anybody?" Admiral Lyons professed^ himself " quite distressed " at the omission, and wrote home as strongly p 66 NOTES OF THE MONTH. as possible in his favour. Lord Eaglan and Sir George Brown both did the same ; but the Admiralty remained deaf to every suggestion, and did nothing for Eoberts but promise " to avail themselves of any fitting opportunity of marking the sense they entertained of his services." It is true, they nominated him to receive twelve shillings a day instead of six ; it is true, they persisted in thrusting upon him the appointment of Master-attendant at Haulbowline, so " fitting " that the doctors advised him it would endanger his life to accept it ; but they steadily refused him his commander's commission, although by an order in council a master is entitled to such " in the event of any particularly distinguished conduct." Meanwhile, disappointment and disease, the consequence of over-exertion, wrought out their own disas- trous issue; and at the close of last year Mr. Eoberts terminated his career, once so full of promise, in a premature death. The facts of this disgraceful case have already received some notice from the public press ; here we have them, with the authenticating documents, in a small compass. There is not a true man but will cry shame. NOTES OF THE MONTH. Altiiohgh the parliamentary month of April has been shortened by the Easter holidays, many interesting topics have been debated. The India Bills of the late and present Government have attracted considerable attention, and the defects of both are admitted. Those who have most strongly opposed the East India Company, complain of the double government, composed of the Court of Directors and of the Board of Control, the former being a screen behind which the latter acts, this division of power really amounting to irresponsibility; while another vicious element in this system of bureaucracy is the Secret Committee, which practically means the autocracy of the President of the Board of Control. In the Bills proposed by Lord Palmerston and Lord Derby, these evils are retained. The former recommends a council of eight members, to be nominated by the Crown; the latter introduces a council of eighteen members, nine of whom are to be appointed by the Queen; the other nine to be elected by certain constituencies. These councils would be as complete a screen to the Indian Secretary of State as the Court of Directors now is to the President of the Board of Control. In both schemes a Secret Committee is established, and the Indian Secretary of State or President is empowered to overrule the advice of the council, and decide all matters according to his own pleasure, will, or caprice. If nothing better can be devised, there is small inducement to abolish the East India Company, for it is unworthy of statesmanship to denounce evils, and perpetuate them under a mere mutation of form. It has been urged with reason, that the Secretary for India should be placed in a position similar to that of the Secretary for the Colonies, who conducts the business of his department without board or council, and thus be- comes in the fullest sense personally responsible for all his acts. It was very evident that the plan enunciated by Lord Derby's Government would never receive the sanction of Parliament; to have withdrawn it unconditionally woiild have been a bitter condemnation of NOTES OF THE MONTH. 67 the cabinet by which it was framed ; to have pushed it to a division, would have ensured a defeat, in which case no other alternatives were left but resignation or dissolution of the House of Commons. In this crisis Lord John Russell held out a friendly hand to the ministry, which Mr. Disraeli eagerly grasped. Instead of proceeding by bill, Lord John proposed to proceed by resolutions, so that a separate division might be taken on each one of the series. In the warmth of his gratitude, the Chancellor of the Exchequer even proposed that the Noble Lord who had rushed to his rescue should himself frame and move the resolutions, but he was soon reminded that a course so exceedingly deferential was tantamount to an abdication of the functions of Government. Mr. Disraeli therefore framed his own resolutions, which retain nearly all that was vicious in the bill, for though they do not avowedly insist on a Secret Committee, the necessity for such a body is impliedly assumed; and as it is not specifically declared that the elected members shall be chosen by the parliamentary votes of the great cities mentioned in the bill, this may be regarded as a concession. Many have asked why did Lord John Russell extricate the Govern- ment from their difSculties ? He may have done so conscientiously; and as we deny the right of any man to impute motives to another, we are willing to give him all the merit due to a virtuous impulse. But the spirit of party is not so generous, and attributes his intercession to political tactics. Had Lord Derby been left in a minority, it was on the cards that Lord Palmerston would have been restored to office, which would have prolonged the period of Lord John's banishment from Downing-street. This misfortune was to be avoided. Any immediate attempt by the chief of the historic Whigs to scale the heights of power would be premature, and that section are content that Conservatism shall reign, without governing, till next year, by which time arrange- ments will be matured for their displacement. Then we are told that a coalition will be formed between the historic Whigs and -the advanced liberals, Mr. Bright and Mr. Milner Gibson being admitted into the cabinet. This decisive blow is to be struck through a New Reform Bill, and, to become first minister, Lord John Russell is to accept Vote by Ballot, which he has hitherto opposed. Such is the combination announced by the organs of Lord Palmerston, who may indeed defeat it by joining Lord Derby, when the extreme hour arrives, for a survey of his long career shows him to be the chameleon of politics. When Mr. Disraeli first essayed his " 'prentice hand" in framing a budget, he displayed considerable ingenuity in its construction, and candour must admit that, in many of its essential points, it served afe a model to his successor, Mr. Gladstone; but the unwise, if not the politi- callj' insane attempt to double the tax on the £10 householders was his ruin. On the present occasion he has shown more tact and less genius. He has added nothing to his reputation as a financier, but he has kept his place. In all justice it must be admitted that he had to deal with a deficiency, and, to add to his embarrassment, a stagnant trade, the con- sequence of the money panic of 1857. He had to provide for obliga- tions amounting to £67,110,000, while his resources only yielded £63,120,000, thus leaving a deficit of £3,990,000. In this emergency it redounds to his credit that he did not seek to recruit the exhausted 68 NOTES OF THE MONTH. Exchequer by violating a former understanding which really amounted to the sacredness of a pledge. He allowed the Income Tax to fall from 7d to bd., and proposed the discontinuance of the annual payment of the sinking fund for redeeming the Russian War debt, amounting to one million and a half, and postponed the liquidation of two millions of Exchequer Bonds, till the years 1862 and 1863. The next measure was to equalize the Irish Spirit Duties with those of England and Scot- land, from which half a million are anticipated. In this manner provi- sion is made for the four millions of deficit. A new tax was proposed of Id., in the form of a stamp on the cheques drawn on bankers, to be paid by the drawers, from which £300,000 annually is expected. This budget was greatly applauded, and not a single voice was heard in its condemnation; some may have admired it for a simplicity which closely approximates to nothingness, but probably it received general -favour by eluding instead of conquering difficulties. True it is that some of the Irish members complained, but they elicited no sympathy among the representatives of England and Scotland. When Lord Derby was last in office, the expenditure for 1852-53 was only £50,770,000, while the estimated amount for 1858-59 is put down at £63,600,000. The difference is £12,830,000. The National Debt now figures for £807,000,000, and it is to be increased by the liabilities contracted for the late Russian war. We are proceeding from bad to worse. Of course there will be a certain and ascertained relief in 1860, when the Long Annuities will expire, at which happy period we are promised an extinction of the Income Tax, which we fear will prove an illusion. In our opinion, the debt ought to be a charge on property realised, not on productive industry. A patriotic financier, loving justice and having the moral courage to enforce it, would place the income to be raised within the year in two distinct schedules. In Schedule A, he would insert the interest of the National Debt, now representing £28,400,000, and levy it by a direct tax on realised pro- perty, visible and tangible. It is that property which was mortgaged, and on it the public creditor has a legal and equitable lien; and if it is inconvenient for the debtor to redeem the principal, in all honour he is bound to discharge the annually accruing interest. In Schedule B, should be classed all other items of annual expenditure, which would continue to be raised in the ordinary manner. A budget of this charac- ter would enable us to effect very considerable reductions in customs and excise, and approximate more closely to those principles of free trade which we profess only to violate, for we are deriving £23,400,000 from customs, and £18,100,000 from excise — bitter protests against our nominal advocacy of unfettered commerce. Let us be consistent, and willing the end, let" us will the means by which alone that end can be reached. In connection with this view of raising revenue by an equitable dis- tribution of the burdens between property and labour, we must offer some few remarks on the true principle of free trade, about which some grave errors are prevalent. From the configuration of this globe, the difference of climates, the diversity of products, the phenomena of the trade winds, and the properties of the magnetic needle, we may safely pronounce international exchanges as ordained in the moral government NOTES OF THE MONTH. 69 of God ; but it by no means follows that such exchanges should be indis- criminate and unregulated. To us the true principle seems to be this: let each nation admit freely such commodities as it may require, but which it cannot produce in sufficient abundance, and rigidly exclude all those which it can produce in sufficient abundance. This line of dis- tinction is broad and clear. Why tax the products of tropical realms, the growth of which our climate denies? Why add to the cost of tea, sugar, coffee, or wine? Is not such conduct a wilful and wicked interception of the bounties of Providence? On the other hand, why admit on any terms foreign goods which native industry can create ? In the former case we deprive our mechanics and artisans of the comforts and neces- saries of life ; in the latter case we reduce their wages, and even deprive them of work. The foreigner, having the same goods to dispose of as our people can produce, only brings them inljo our market because he can undersell us, and thus aggravates a competition already too severe. The result is that form of cheapness which means much labour for little money, enhancing the purchasing power of all those classes who live on fixed annuities, while it lowers the wages of all those classes by whose labour those annuities are paid. It is the cruel and selfish triumph of the drones over the working bees. During the first nine months of last year, the declared value of our ex- ports kept rising higher and higher. The city editor of The Times was in ecstasy, and sang the praises of free trade in the loftiest strain. These exports had indeed augmented since 1849, and all the results were ascribed to the commercial policy of Sir Robert Peel. Not one word was said of the facilities afforded by the auriferous discoveries of Australia and California, of the natural increase of mankind, of the enlarging population of our colonies, or of the more vigorous prosecution of the industrial arts throughout Europe and the United States, after a long cessation from hostilities. The vaunted prosperity was described as solid and enduring. There was no undue speculation, no overtrading. The Bank Charter Act and open ports, that is, a fettered currency and free trade, curious contradictions, had achieved a miracle. Towards the close of 1857, a monied panic broke out. Millions of property were annihilated, as proved in the Courts of Bankruptcy ; and millions more were lost by private compositions. As in 1847, so in 1857, the Bank Charter Act was suspended, but with this important difference. In the former the Bank did not exceed its issues, in the Iiitter they did by two millions. It was now ascertained that the boasted prosperity was a foul tumefaction, an inflated bubble, and soon it burst reeking with rottenness. Speculative consignments, to raise money on bills of lading, had been made to distant markets, and sold by auction for what they would fetch, very frequently less than the cost of production; and it was proved that the extent of trade, measured by increasing exports, was the measure of increasing loss. Internal trade had expanded to colossal dimensions by swindling acceptances, and the city editor of The Times had to recant his fulsome panegyrics. Free trade had tu^-ned out nothing more than free booty. The Board of Trade accounts for the month of March, and for the first three montlis of the year, continue to prove that the country has not yet recovered from the late disastrous convulsions. The following firtiires exhibit the decrease in the exports. 70 NOTES OF THE MONTH. Month ending Three Months ending E:tport3. 3l8t March. 3Ist March. 1856 £9,448,570 £25,149,103 1857 10,456,348 28,827,493 1858 9,000,274 23,510,290 Upon the month compared with the corresponding month of 1856, the diminution amounts to £448,296, and compared with that of 1857, it is no less than £1,456,074. If we take the three months, the falling oif is £1,088,813 as against the year 1856, and no less than £5,317,203 as compared with 1857. Thus the first quarter of the current year exhibits a decline in exports which, calculated on the whole year, amounts to £21,000,000, while our expenditure increases and our revenue contracts. However, we are reminded for our consolation, that if we are doing a smaller trade, it is sound; but even that remains to be proved. We have no reason to repose faith in the prophets who deceived us in 1857. One of the most important events of the last month was the trial of Dr. Bernard, as an accessary before the fact to the attempted assassina- tion of the Emperor Napoleon. After a protracted trial of five days and a half he was acquitted by the jury of the felony with which he was charged, and the Attorney- General has since declared that he will abandon the prosecution for misdemeanour. Some of the French journals, especially those under ultramontane influence, and who hate England because she holds the Protestant faith, are very indignant at the verdict, forgetting that a French jury acquitted Cantillon of attempting to murder the Duke of Wellington, though he was seized with the pistol in his hand, so that the evidence of guilt was direct, whereas in the case of Dr. Bernard it was circumstantial. At the banquet held in honour of Marshal Pelissier, Duke of MalakofF, at the United Service Club, that illustrious soldier, speaking of the alliance between France and England, truly said that it could only be durable so long as each nation respected the honour of the other. In what is national honour more delicate and more sacred than in the administration of justice ? On a criminal trial there can be no appeal from the sentence profiounced, and wise men are silent when the voice of the jury has been heard. Mr. James did not exceed the privilege of a barrister, or the judge would have called him to order ; but whether he executed his duty with good taste may be doubted. His eloquence was not of a high order ; all its strenn-th was derived from coarseness, for it displayed neither polish nor refine- ment. He did not wield the shining rapier, but the sledge-hammer. In solemnity it was wholly deficient, and compared with the impressive peroration of Jules Favre, who defended Orsini, it pales before that brilliant contrast. It was moreover injudicious. The question was not whether Louis Napoleon was a despot, but whether Bernard was an assassin, and the abuse of the former could in no way aid the acquittal of the latter. To adopt any such conclusion would be a libel on the jury, who conscientiously pronounced a verdict on the merits of the case, as proved in evidence. Louis Napoleon, however men may judge his general conduct, is a man of sagaciry, well acquainted with our institutions, of which he formerly wrote in terms of the highest admira- tion ; and though he may have been disappointed at the result of the NOTES OF THE MONTH. 71 trial, he will not remonstrate against the decision. He is well aware that the existing alliance is more valuable to himself than to us. The Emperor of the French is perfectly familiar with English habits, and is not to be misled as to the real desire of the English people for a cordial alliance between England and France by the casual cheers of a metropolitan populace, or by the cheap virulence of (not altogether the most modest) hired advocacy. Doubtless the 'passions to which the advocate appealed may have had their effect in inducing the jury to grasp more readily at a doubt within their reach. The doubt was, and is, whether the prisoner was not the dupe rather than the accessary of the conspirators; whether he did not genuinely believe in the rising in Italy, and the weapons were prepared for such an outbreak — a crime which, though undoubtedly treason at common law (an encroachment on the royal prerogative of peace and war), was, in the first place, not the charge on which he was indicted, and secondly, was not treason by statute. The legal difficulties were great. How could a man be convicted as accessary till some one was convicted as principal ? and how could any one be convicted as principal if he were not present — or after his death ? Perhaps it is as well that they have not to be solved in this case. What ministers may do, we know not; but as the law is in a most unsatisfactory condition, their proper course'is clearly to appoint a commission to inquire, and, having inquired, to pass a declaratory act, stating what the law is on the subject. Evidently it will never do to let fillibustering expeditions be fitted out ad libitum on both sides of the Atlantic. Another leading topic of the past month involves the future stability of our banking system. The Royal British Bank has been prosecuted, and several of its directors committed to prison, though attempts have been made to obtain a new trial on the ground of misdirection by the judge. It has been complained that this prosecution was exceptional, however justly merited, and that similar proceedings ought to have been instituted against the Tipperary, the London and Eastern, the Borough Bank of Liverpool, and the Northumberland and Durham, which last the lords justices consider must be wound up in Bankruptcy. Perhaps in "bad pre-eminence" the Western of Scotland stands foremost. Mr. Brady brought its failure before the House of Commons on the 16th ult. It has been established for about a quarter of a century, starting with a capital of £1,500,000, and possessed the power of issuing bank notes to the extent of £337,000. It soon acquired popularity and confidence, and received deposits to the amount of five millions, so that its trading capital represented nearly seven millions sterling, an enor- mous sum to be concentrated in a single establishment. This was one of the consequences of Peel's Act of 184.5, which forbade the creation of new banks, and gave a future monopoly to all existing at that date. This, indeed, was the notorious bribe by which opposition to the measure in Scotland had been disarmed. It is also known that at the very period of this intrusive legislation four or five new banks were about being established, and the dread of competition induced the pro- prietary of the old institutions to abandon their recorded convictions, and accede to the monetary revolution which they had previously denounced in bitter terms. Business increased, but as the banking 72 THE BANK CHARTER ACT. channels were not enlarged, it was tightly compressed within a narrow space, and hence the enormous deposits accumulated in the western Bank, and the magnitude of the disaster we have witnessed.^ Ignorant legislation, therefore, has much to answer for in this calamity ; never- theless the guilty parties ought not to be screened, especially as the articles of copartnership bound the directors, upon the loss of one- fourth of the capital, to convene the shareholders and wind up the business. When Mr. Brady brought the subject before Parliament, the Lord Advocate justified himself in not interfering on the ground that the public prosecutor in Scotland was not a police officer, and that the parties aggrieved must seek reparation at their own cost. As an instance of this disastrous trading, Mr. Cowan stated that in 1849 the- firm of Macdonald and Co., now bankrupt, paid for interest £2,800; in 1856, £19,000 ; and in 1857, £40,000. No business could stand against such heavy exactions. Without extending our remarks on the Western of Scotland, perhaps not more guilty than others which have failed, so far as moral principle is involved, it appears to us that a clear case is made out, not only for judicial but also for legislative action. THE BANK CHAE.TEB ACT " CONVEETIBILITr." We are now, perhaps, sufficiently recovered from the Panic of 1857, to be able to consider calmly the amount of success which has attended our sacrifices for a Gold Standard. The following Table, which will be continued in every future number, shows how far the Bank of England can contribute, by exhausting her last sovereign and her last shilling, to the fiction of a " Metallic Currency." BANK EETUEN 0¥ APEIL' 22nd, 1858. LI.\BIL1TIES. Notes Issued .' £32,273,405 Deduct, held by the Bank 11,755,375 20,518,030 Public Deposits 3,324,285 Other Deposits 16,007,987 Seven Days and other Bills 875,458 40,725,760 ASSETS. In the Issue Department : Gold Coin and Bullion £17,798,405 In the Banking Department: Gold and Silver Coin 785,978 ■ 18,584,383 Balance which the Bank could not fat, on April 20th, 1858, in gold or silver £22,141,377 73 EDITH CLAREL: A STOEY I'EOM THREE POINTS OF VIEW. CHAPTER IV. A MEPHISTOPHEIilAir INTEIifOLATION'. Denzil -wrote the greater part of the above rhapsody after comiDg home from the Clarels' the night we dined there together for the first time. It was only the third or fourth, time they had met. Their acquaintance was little more than a week old ; but it was plain enough to me that it was a case. My pretensions were distanced in no time.' To be sure, I knew beforehand that they would suit one another to a turn ; but I must confess it hurt my vanity a little to see how suddenly he had wiped out in a few days all the impression I had been so patiently and elaborately studying to create in as many mouths. But that's au old story. "Women are as changeable as the wind. It is true, I had lately been doing my best to break oif; but still I had flattered myself that it would have been rather a more delicate and painful job than it turned out. Pshaw ! it's the same with all these women of high cultivation and acute sensations. Their love is all a wilful whim — there's no sub- staace in it. Why, poor Betsy, false as she was, had a heart that would make three or four such as that galvanised doll's. A fine lady's feelings are all like guitar strings. There's a fine little shrill tinkling music when they're in tune ; but every now and then comes a snap and a crash. It's all done at such an unnaturally high pitch of tension. Well ! I'm getting bitten with the philosophic maundering style — I suppose from puzzling over Denzil's disquisitions. I must go to the point and tell the reader a little of what was to be observed by anybody who had his eyes open at.that dinner party, since Denzil's rhapsody is very little to the purpose. There was nobody there but ourselves. Denzil took her down. At first they were rather shy, and I had to work a little small-talk with the mother. But at last some subject broke cover, and their cohversation ran rather wild. Denzil was never a very certain talker; he had no art of talking unless he was interested. But when he once got a start he could talic for hours in a fanciful flighty way. JS[o, 2.— Vol. I. * a 74 EDITH CLAREL. She kept it up very well too ; and I soon saw that she talked to liim in a diiFerent way from what she used to talk to me. She used to throw ilies over me to get a rise, and lay ingenious conversation traps, such as a fellow might easy put his foot in if he didn't keep a bright look out. But with Denzil she seemed to pour herself out with full confidence, and let loose all her quiverful of strange opinions. They went on the same after dinner, but I couldn't follow it. I was left high and dry on a sofa, talking fashionable gossip to the mother. Occasionally in our pauses we heard snatches of their colloquy — Italy and Greece— pictures, statues, churches, ruins, history, poetry, and philosophy. Both were talking their share and seemed to listen as intently as they talked. Clarel, who is usually absorbed in a French novel, or goes to sleep over some choice Italian poet bound in vellum, sat up in his arm chair, laid down his book, and became partly conscious that something was going on in real life. He joined in the conversation too, here and there — and seemed to say something to the point. I had never seen him talk with any show of interest before. He was generally so lackadaisical and absent that this surprised me. Moreover he did not seem to disturb the current of their tete-a-tete. So it was clear they were not talking about themselves, which is the ordinary resource of young ladies and gentlemen to make their conversation interesting. In the meantime, Mrs. Clarel, with that perspicuously uncon- scious ingenuity which peculiarly belongs to the mothers of marriage- able daughters, turned the channel of our fashionable gossip towards the subject of my friend Denzil. What a handsome, agreeable, and intelligent person he was, and how much he had travelled ! What a pretty name it was! A historical name in Parliament she had under- stood. (Evidently Edith had told her that, for I am sure she knew nothing about English history.) And of what county was his family? She had a curiosity about family genealogies (witness many weary hours, when I was working the speculation on my own account, devoted to tales of the greatness of the Macarthys.) She had looked for his name in Burke's " Landed Gentry," but had not found it. To these significant inquiries I made reply, that in Burke's " Landed Gentry" he was by no means to be found. That he was a man of very ancient blood, but of no family whatever ; and of very decent fortune, but not a square foot of landed property. " Tou always speak in riddles, Mr. Knyvett," cries the worthy dame in a paroxysm of curiosity. EDITH CLAUEL. 75 "The explanation of this wonderful enigma is exceedingly simple," I replied ; " Denzil is the illegitimate son of the late Marquis of Tunbridge." Mrs, Clarel'a countenance fell, and she seemed con- siderably disheartened. "Lord Tunbridge," I continued, "never married, and left no other acknowledged children. His title became extinct, and he had quar- relled with some distant relation who pretended to be his heir-at-law" (here Mrs. C. brightened up a little) ; " so that he- bequeathed all he had to leave to Denzil " (decided sensation) ; " it proved not to be so much as might have been expected even from the wreck of a fortune originally so princely" — here Mrs. C. coughed. " Lord Tun- bridge was a man of great taste and accomplishment, but perfectly reckless in his morality, expenditure, and play. He gave foolish prices for pictures and statues, and was insanely fond of all sorts of bricabraquerie, which he bought on his own judgment of its merit without any other proof of genuineness. However, he certainly picked up some beautiful things. " When he died," I continued, "he left everything unconditionally to Denzil, who was about seventeen at that time. The great estates in Essex were over head and ears in mortgages. The great house in Cavendish Square was let on a long lease to the Eussian Embassy. There were considerable debts to tradesmen, and a few legacies princi- pally to ladies. " Denzil's inheritance, for so young a man, must have been a very embarrassing one — the principal features of his case being a crowd of troublesome mortgagees and hungry creditors, with a total absence of ready money. To add to his complications, he was in great grief at his father's loss, for the amiable side of the wicked old marquis's character had been his parental affection for Denzil. " What could he do, poor boy ? No doubt it would have been wiser to sell only a part of the property and attempt to re-arrange the interest of the mortgages. But he was in a hurry to get rid of the responsibility. He sold off everything, except the small house in Park Lane, where his father died, and where he now lives himself, and a very pretty house it is, only too full of old curiosities. " After he had paid off the mortgages, debts, and annuities, there ■was ninety odd thousand pounds left, which he bought into the funds and gets rather over three thousand a year — very respectable pauperism for a batchelor, though there is no doubt he was done shamefully. I have heard that Lord Tunbridge's attorney made a fortune out of the transaction, and that Lord Polemarch, who bought the greater part of the property, got it full ten per cent, below its value. However, he has kept besides the family jewels and what -plate, pictures, and statues there were in the Park Lane house, and 76 JLDITH CLAKEI,, they are said to be wotth a mint of money, though it's all locked up in them so as to be of no particular use to anybody. " But who was the mother ?" said Mrs. Clarel. " She was the daughter of one Captain Denzil, a man of respect- able birth and very disreputable life— an acquaintance of Lord Tun- bridge's ; but to do him justice, he had no hand in the connection. He gamed away his property, married an Italian woman of doubtful character, and drank himself to death in Brussels, about the year '22, leaving his widow and daughter entirely penniless. " The daughter was about sixteen, and remarkably beautiful. I have seen her picture. An auburn Titian beauty, with a sad expres- sion. Denzil has her eyes. She died a year after his birth. Her mother still lives on a pretty little property near Kesole — probably purchased with the proceeds of her daughter's sale. Denzil and I went to see her when we were in Italy three years ago — a wicked- looking old witch, with white hair and black piercing eyes. She hugged him, and howled over him in a way that was terrible even to see." " "What a" strange history!" said Mrs. Clarel, who did not seem much to like the latter part of it. I was the more communicative on the mother's side of the pedigree, because I saw that the money, family jewels, and house in Park Lane, had taken decided eifect. Besides it was not my cue to make things too easy for him. It was not my object to make him marry oif in a hurry, or indeed at all. I only wanted to tether him down in a tangled courtship, which I thought I might trust to the accidents of a fanciful and romantic temperament on either side to break off in due course, as romantic courtships for the most part end. I certainly felt jealous of Denzil and angry with Edith, in a manner that I had not anticipated — for I could scarcely be said to be in love with her — and had at that time altogether given up the idea of marrying her. Still I began to feel a decided antagonism to the courtship I had myself established. And as we walked home, and Denzil was pouring Edith's eulogies into my ear, I said to myself, " Tou are both of you putting your foot in it, my pretty couple, and I shall be able to help to lead you a nice dance, I think, Tou will have your doubts and cold fits before long, and I shall be the inter- preter. We shall see." EDITH CLAREL. ^^ CHAPTEE V. (From EdiWs FinTc Boole.) CAEECOMBE. To-DAZ we came home. Home is to me a strange word. It is a strange place, too, and yet not altogether unfamiliar. It seems like some quaint old mansion one has read of in a story, and after- wards dreamed about, assuming some character of the story in one's dream. I was here only once before, and that was when I was quite a child ; so that my recollections of Caercombe were very dim. It must be nearly twelve years ago; I should never have thought of the expression " coming home " if it had not been for Mrs. Cruett, the faded old housekeeper. She was standing on the hall-steps, in a limp grey silk gown that must be at least a century old, as we drove over the rattling drawbridge, under the portcullis arch, into the cloistered court. She looked as grim and mediaeval — as much an immemorial part of the establishment as the heraldic griffins carved in grey stone over the doorway of the hall. Mrs. Cruett seemed overcome by her feudal emotions at first. Her bony knuckles twitched, and her puckered lips trembled as she clutched my father's hand and kissed it. When she found her voice, she said in a very shaky treble, " God bless you, Master Philip ! welcome home once more." " Home !" thought I, as I looked round at the queer old mullioned lattice windows above the cloister columns of the court, and the weird grey stone faces of the spoutheads leering wickedly at one another from the battlement, and then turned to the faded Mrs. Cruett again, as she stood in the damp sepulchral Gothic folds of her grey silk finery. Mrs. Cruett had relapsed froin her effusion of feeling into prim ceremonious courtesies and expressions for my mother's benefit, when she caught my eye. " And, gracious me, is this little mis§ ?" she cried, taking me by both hands as if I had been a child, and regarding me with rather grim approbation. " She has grew quite a lady, I declare. Now you'll hardly remember the old place at all, miss, I dare say. Leastways, you've quite grew out of my recollections — which a sweet little creature you was then, miss, and very wilful." By this time we had got into the hall, which has a peaked roof, with oaken rafters and a lantern. The walls are wainscotted about eight feet up, and on rudely carved oaken pedestals in the corners stand suits of armour like rusty iron husks of men, with mouldy masks in the helmets. There was a smouldering log fire deep in between the Gothic pillars of a great atone chimney. EDITH CLAllEL. On tbe high mantle cornice stands a very massive and dismal bust of the founder, with a bald head, broad square-cut beard, high ruif, and Latin inscription. Over his head the oaken panelling goes up in a kind of scroUy trophy (surmounted by faded and tattered pen- nons) containing a carved and painted piece of blazonry, with innu- merable quarterings. The walls are hung above the wainscotting with full-length parchment-faced, peak-bodied, puify-thighed, long-stockinged, round- toed ancestors, in dilapidated black frames. The sunshine slanted in through stained windows on a vast collection of packages— arm-chairs, sofas, a grand piano, and other furniture, watli their legs in the air; all clothed in sackcloth and swathed in haywisps, being material newly arrived to smarten us up for modern hospitalities. Some heavy oaken chairs stand about a huge oaken table in the upper end of the hall, which is raised in a step about a foot high, a little to the right of the doorway. We turned the other way, towards what seemed to be a combina- tion of a staircase and a bridge, the steps leading up under the platform ; the whole of this strange contrivance of heavy stanchions, steps, platform, and balustrades, being of black shiniug oak. Among the stanchions lean some worm-eaten lances and rusty halberds — apparently for the purpose of hooking and spearing any unfortunate victim who might fall over; or as a warning to be cautious in ascending or descending these formidable stairs. The platform at the top opens upon a corridor going round the interior of the upper story, over the cloister. Tlie rooms on the upper story have been modernised, so far as furniture, carpets, cur- tains, and mirrors. Some of the old oak carving has been painted white, and picked out with gold. The white paint is .rather yellow^ by this time, and the gilding is rather brown. But the front rooms are cheerful, lit with broad deep bay windows. The two corner rooms are the drawing-room and library, and there is a billiard-room between. We dined in tlie library, and papa complained that the dinner got cold coming such a distance, and says we must dine in the hall, where I think we shall get cold ourselves. The hall is a very dreary place by candle-light. I went round the house before retiring for the night. It is a very "ghosty" house, and I am sure must be haunted. Cousin Ambrose said at dinner that I reminded him of some of the family pictures ; he thought it was the pale lady in the tapestry chamber. I asked who she was, but papa frowned at him, and he stopped short ; so there was a pretty little mj^stery at once. Papa is rather superstitious, and I should not at all wonder if there was a ghost in the family. I said nothing more about it ; but EDITH CLAREL. 79 •when cousin Ambrose went home to the rectory, and they went to bed, I went and peeped into all the spare bed-rooms round the corridor; and sure enough, in the north-east turret, 1 found one hung with faded arras. There was a wonderful ancient bed, and the furniture had not been modernised like the other bed-rooms. Over the chimney-piece was the portrait of the pale lady, a very interesting face and a good picture. It looks like a Vandyke. The expression is very melancholy; the eyes have a wild and wistful look that is very strange and fascinating. I shall make out her history to-morrow from Mrs. Cruett. In the meantime the hoarse old belfry clock has struck twelve, and I am not the least bit sleepy. I have been describing the place in my journal in hopes of going to sleep over it, for descriptions are drowsy things hoth to write and to read. And besides, some day, when I am far away, and all the present time has faded into the dim distance of memory, I shall like to be able to recur to the first im- pressions of my home. The moon is shining in through my muUion window. I think I must do a little description of the out-door scenery to finish me oS for the night. I have been leaning out of my window till I am cold, and my fire is gone out. I have been watching the broad moon's face in the dappled water of the moat, where the stream comes rippling into it from under one of the garden bridges. The garden is a formal oblong of box-edged diagrams, through which the Caer floats slowly along its bricked channel, crossed here and there by bridges, and expanding into fish pools square and round. The trees of the garden are trimmed into grotesque shapes, as also is the venerable yew hedge which keepsthe kitchen garden out of sight. In front of both gardens is a square piece of water about as large as the two put together. On the opposite side of it stand some weird old Scotch firs, whose tortuous stems and arms at random swung, silvered by the moon, stand out from the dark wood behind, and writhe down reflected in the still black water. Beyond the corner of the wood, sloping down towards the south, undulate the dark-plumed knolls of the park, thwarting here and there the dimly-luminous horizon of the sea, which lies some six or seven miles away. 80 EDITH CLAREL. CHAPTER VI. (From the Pink Boole.) COUSIN AMBROSE. I AM glad we have come down a week before the arrival of our guests, so as to make acquaintance with the old place in the silence of its long-untenanted desolation. It will be pleasant to see it brighten up, as the brown sackcloth and hay-wisp furniture-buds of the hall unfurl themselves into gay carpets and curtains, and the house blossoms into a sense of habitableness once more. Csusin Ambrose oiFered to arrange everything for us before our arrival, and indeed has been most kind and thoughtful as it is, going carefully over the house at first and sending us word of the things wanted. And then, when he found, as he said, that we were dawd- ling hopelessly, he got so fidgetty that he was obliged to come up to town himself; and certainly did more in four or five days than we all had done in as many weeks. Cousin Ambrose has a great deal of taste and savoir faire. His manner and appearance are a little' solemn, under which there is sometimes a twinkle of sly humour. I have sometimes thought his seriousness was rather afiected, as a part of clerical costume ; but there is a vein of pomposity in his nature. Mr. Knyvett told me he was called the Archdeacon at college. Cousin Ambrose, by the way, seemed rather shocked on hearing that Mr. Knyvett was invited to come here ; calling him " that profli- gate," which is rather a hard word. He seemed also to have a dislike to Mr. Denzil, of whom, however, he said no worse than that he was flighty and Quixotic, full of wild vagaries, and without any settled opinions. I defended Mr. Denzil, whom I like very much, and said that lie had a great range of imaginative thought. Upon vrhich cousin Ambrose replied, " These imaginative thoughts are the winged seed of the mind's weeds. Good seed is heavy and must be planted; good fruit comes of careful grafting. The natural mind is a garden of thistles and nettles, or an orchard of sour seedlings." He spoke in so glossy and didactic a tone, that I (being a little hurt at the depreciation of a person whom I had condescended to approve of) said I was sure that eloquent passage vi as from the sermons of some ancient divine, Tillotson, or Stillingfleet, or the judicious Hooker. But though an excellent commonplace, I did not think it applicable to Mr. Deuzil more than anybody else. At which he seemed a little rufiled, and has said no more about either Mr. Denzil or Mr. Knyvett since. EDITH CLABEL. 81 When I awoke this morning, Gaetana was drawing back the broad curtain across my window bay, and the sunshine was streaming into the room. My dreams had been in some other part of the world, and I was a moment or two before I remembered where I was. " Cara signorina mia," said she; "I do not kpow how you can sleep so beautifully in this terrible house! I have passed a night — and such anight! that — ^Madonna ! I have not been able to close the eye, I was so frightened ; and I have such a headache, and feel all cramped in my limbs this morning." I looked at her and saw that her large dark fringed eyes were swollen and watery ; and she wore that almost ludicrously profound expression of grievous ill-usage under which her features always remind me of a tragic mask in Grreek sculpture. So boldly cut in form, and so deeply abandoned to the simplicity of despair unaffected and undissembled, as to border on caricature ; but of that classic period of art when even caricature could not dispense with beauty. " What is Wie matter, my pretty Gaetana ?" said I ; " tell me all your misfortunes, and I will try to comfort you." I knew she could often be deeply "melancholy on very slight materials ; that, since she came to England, loneliness has been a considerable ingredient in her misfortunes ; and that a kind word and a little Italian gossip often go near to remove her fit. She came and sat on my bed, took one of my hands and kissed it, and held it to her breast. " You have a good heart, my mistress, but you will only laugh at me ; for you English neither fear nor believe anything. But I was very unhappy when I went' to bed. The iron grating before my window made me think of my poor father that died a prisoner in the Vicaria. And Madama Garrueta, the housekeeper, showed me a bad countenance. I think that old woman has the evil eye. And the foot- men with white legs said things to me that I could not understand, thougli I am beginning to speak English, and can ask for nearly all I want at table. But I knew that " they were mocking me, for the housemaids laughed so much. And Monzu Crenon, the valet, gave himself patronising airs, and spoke loftily to the men with white legs, and they put their tongues in their cheeks. And Zulian, the cook, who is usually kind to me, and takes my part (because we are both Italians, though he is a Venetian and I am Ischian), was very cross, because he said the charcoal was bad, and hardly a bar at the bottom of the fornacelle. But I think in my own mind that it was because Monzu Crenon made him jealous. It was not my fault that Monzu sat on the box with me behind the carriage! I cannot look at Monzu without horror. But Zulian said an ugly word to mo, and did not sit nest to me at supper. I think Zulian has a dog's 82 EDITH CLAllEL. heart. Aud when I came up to undress you, and thought you ■would say a word or two that perhaps would console me, you were busy writing, abd only said, ''e think, done the cause of truth a good service by the publication. Mr. Cowell is evidently a sincere and an honest man, and his dissatis- faction is great that those monetary principles which have been delibe-' rately adopted by the Legislature should be so frequently annulled, if not stultified, by the permission of a course of procedure, during a time of commercial panic, which is in direct opposition to them. Mr. Cowell condemns the Bill of 1844, not because he considers the aim or intent of that Bill to be erroneous, but because it fails to accom- plish its avowed purpose. Eeferring, in the first place, to the dogma of the bullionists, that a mixed currency of gold and paper ought to fluctuate precisely as would an entirely metallic currency ; and, secondly, to the assertion of Lord Overstone, " That the paper money of the country under the Act of 1844 conforms strictly in amount, and con- sequent value to a metallic circulation," Mr. Cowell inquires where is the proof that such has been the result of that Act. At page 26 he * Further Letters on Cvirrency to the Right Hon. Sir F. T. Baring, Bart., M.P., by John Welsford Cowell, B.A. London : Eidgway, Piccadilly. April, 1858. .TAXATION AND BULLIONISM. 107 sfiys, " I should be glad to know whether their action " (i.e. the aotion" of the Bank directors) " as regulators, taking it from August last, com- menced at the proper time, was carried on with proper increase' in intensity, and eventuated in the result which they desired or expected. In the beginning of that month they were, I believe, selling their cove- nants to pay gold on demand* at 6 per cent.; they soon raised the price of these to 14 per cent., and finally sold them to the amount of several millions, disengaged from the obligation of paying them on demand (although that obligation is written on the face of them) by the sanc- tion of the Government — at 12 per cent. Is regulation, or its clear, orderly, foreknowable effects, visible in proceedings of this character ? I am unable to see in them anything but disturbance, confusion, bewil- derment, and imbecility. Can any of those phrases so eulogistic of the action of the system of 1844, be considered applicable to such a course of proceedings ? On what day during the last six months was it ' that the paper money of the country conformed strictly in amount, and conse- quent value, to a metallic circulation, and that those fluctuations in amount, and those only, which would have occurred under a purely metallic circulation, did occur under our present mixed circulation of gold and paper as regulated by the Act of 1844 '? Is any one, capable of understanding the nature of the question, to be found, who is also capable of believing that with a purely metallic currency in England^ the price of gold — starting from 6 per cent, in August — would run up to 14 per cent, in October, and down to 2\ per cent, in February? Yet the true believer in the Act of 1844, as it is described by Lord Over- stone, ought to believe that a purely gold currency would have gone precisely through those identical perturbations, dilatations, and con- tractions." This quotation, and others of similar import, which we might make are decisive of the utter worthlessness of the Bill of 1844, and of its inability so to regulate our mixed system of paper and gold as to make it act, precisely and in all circumstances, the same as it would if it were purely metallic. And this is the principal worth of the work now before us. The clear exhibition of this point is its most valuable characteristic. It displays clearly enough the unsoundness of the present system and its incapability of vindicating its pretensions when brought to the test of actual practice ; but when we turn from this point in order to ascertain what the author proposes in its place, we discover that this little work, like all other contributions from the same school, is most incomplete and unsatisfactory. For instance, it fails to give any con- sideration whatever to a most important collateral point — namely, the influence of a system of indirect taxation upon the prices of commo- dities, and consequently upon the currency in which those prices have to * The name given by the author to bank notes. 108 TAXATION AND BULLIONISM. be expressed. This is so entirely lost sight of, that it appears extremely- doubtful whether Mr. Cowell has really any conception-that taxation and currency are intimately related and cannot well be considered apart from each other. That to consider currency without reference to the system of taxation which is to accompany it, is to render nugatory and valueless all the conclusions that may be drawn upon the subject. Has it never occurred to Mr. Cowell that where direct taxation alone prevails, "value" alone has to be provided for in the prices of commodities; but that where indirect taxation is employed, taxation must be embodied in the prices of the articles as well as the value ? If duties are placed upon goods, it is not sufficient merely to secure to the producer of these goods just so much gold as ^^ill be the equivalent of their intrinsic value This is not enough. This merely pays for the natural value of the articles, but does not repay that taxation which attaches to the manu- facture in every stage of its production, and which is never intended to rest upon him on whom it is first levied. This additional element of cost renders necessary a price in excess of the natural or gold price, in order to compensate for the burden it imposes. A pennyweight of gold, or four shillings of our money, may be the fair natural and mercantile equivalent of a bushel of wheat, and this quantity of gold may, in countries like Poland or Russia, sufficiently remunerate the producer of the wheat; but this price will not meet the necessities of the English farmer, nor enable him to discharge the claims which our fiscal system makes upon him. To enable hira to meet these, he must have the cost of taxatioQ added to the natural cost, and both must be comprised in the price for which he sells his wheat or other produce. This point the buUionist school of currency theorists generally omit altogether, and it is this omission which vitiates the whole of their reasoning. Their conclusions may be sound if none other than direct taxation is employed, but with indirect taxation they are fallacious in the highest degree. For what is the great purpose aimed at by this theoretical school other than the production of a general equilibrium of prices all over the world, by means of the employment, as exclusively as possible, of the same material for effecting exchanges in all countries? This is openly avowed as the principal article of its ci-eed, and by none more unreservedly than the author of the pamphlet before us. He deprecates all interference with gold, and wishes it to have an un- controlled operation everywhere, that it may effect the result spoken of. After describing the incessant movements to and fro of the precious metals during the late panic — now here, now there — resting scarcely a moment in any one spot, Mr. Cowell says that all this incessant motion was for the purpose of "measuring prices everywhere;" that is, of bringing all things in all countries by means of its operation to one uniform level of price ; that " it is essential to the proper solution of this problem that the TAXATION AND BULHONISM. 109 piiper instrument of exchange shall not operate in such a fashion as to cause any alteration whatever, either in time, degree, or frequency, in those fluctuations of the precious metals which would take place if the paper instrument did not exist;" that " these fluctuations must be ab- solutely identical in all their accidents, whether there is, or whether there is not, a paper currency; and if they be not identical, then that paper currency which destroys this indispensable identity, is unceasingly in- juring public prosperity;" and again "that the natural and spontaneous fluctuations of the universal commodity in any emporium afford the only safe guide to manufacturers and merchants connected with that emporium in the various paths that lead to profit and to loss." Now this sole and universal employment of gold, or of paper represent- atives of it, absolutely identical in value with the gold, tending, as it ever will do, to produce one uniform level of prices, is the very thing that we condemn. The very reason which is assigned for the alleged superiority of gold as a currency, is that which we think is fatal to its employment in a state laden with such peculiar and onerous fiscal obligations as those which press upon us. One extract from SIcCulloch is suflScient to cut away the ground beneath the feet of this theory — " When taxes are placed upon commodities, prices must necessarily rise in a correspond- ing proportion, otherwise the producer will not obtain the ordinary rate of profit." Now with such a currency as Mr. Cowell and his coadjutors would like to see in operation, such a rise of price as is here shown to be indispensable by Mr. McCuIIoch could not possibly take place. No matter what weight of indirect taxation might be heaped upon commodities, the inexorable gold currency so portable as to be almost ubiquitous in its nature, would bring the goods down to the level of the lowest country, and thereby throw all the taxation upon the manufacturer and the classes under him. We believe that this important point is not seen by the greater portion of those who advocate the rigid and inflexible currency reconmiended by Mr. Cowell. It has never struck them that taxation has anything to do with currency, and we could almost take it upon ourselves to affirm that, with Mr. Cowell, they are two entirely distinct subjects, which must stand or fall according to their own individual merits without the slightest reference to the operation of either upon the other. The non- perception of the intimate relations of currency and taxation is, we believe, the reason why the honest portion of the bullionist school so firmly uphold the hurtful system which they cherish so ardently. They think that if gold is allowed to have, in all countries, free ingress and egress, prices everywhere will' be assimilated ; and they hold that the monetary system that accomplishes this, must be a perfect system. They have not reflected that such an assimilation, while indirect taxation exists, would be unjust, and could only be permitted, with any kind of consist- 110 TAXATION AND BULLIONISM. ency, by the repeal of all the duties which enhance the prices of the goods beyond their natural level. As long as these duties are maintained, prices must be allowed to rise in proportion. To arrange otherwise is to act with oppressive cruelty towards the producing classes. But we fear there are oChers who understand the practical working of the system much better, and who desire its retention upon the sole ground that it enables them to reap great and undue advantages in the employ- ment of their capital. These are the " hard calculators," who perceive that the fluctuations which the combined systems of currency and taxation necessarily produce, furnish them with a much easier and a far more profitable mode of acquiring wealth, than the pursuit of any industrial occupation of their own. " Fools build and wise men buy," is one of their favourite proverbs. " Let those labour that know no better, we can secure all the fruit of their toil through the opportunities which the periodical panics unfailingly afford us." But there is not only an entire absence of all consideration of the effects of indirect taxation upon prices in the work before us, but there is a species of philosophy pervading it which we do not at all admire. The author seems to think that gold and the human mind have been expressly made for each other ; that there really is something in the very nature of the material of the metal which is calculated, beyond all other sub- stances, to draw out the latent powers of man, and, from the very insatiableness which it inspires, to develop, most desirably, his productive capabilities. If this were really the fact, we should think it a most degrading one, and one which would make us blush for the grovelling character of our nature. But we do not believe it. All do not worship gold; and very few of those who do worship it, worship it really as gold. They bow before it in its character of money, and the same homage would be paid to any money, whatever the nature of the material of which it was made might be. Mr. Cowell must not therefore consider his three propositions concerning gold to be axioms, self-evident and undisputed ; but postulates, the proof of which has yet to be given. The foregoing remarks apply more especially to the first of the two letters of which the work consists. The author is, we think, more sitc- eessful in the second letter, in which he treats of the costliness of employing the Bank of England as the financial agent of the State. It certainly appears very absurd that the country should annually pay large sums to the Bank of England for the use of its notes, instead of using its own notes at once. The Government obtains advances of Bank notes from the Bank, giving its own Exchequer bills in return, and pays largely for this substitution of one piece of paper for another. This procedure would be reasonable if the Bank note were more valuable than the Exchequer bill; but the truth is, that the latter has a security which the THE OVEESTONE THEORY OF TRADE. HI Bank note cannot pretend to. The Bank note itself depends, for its validity, upon the validity of the Exchequer note; for as the whole of the capital of the Bank of England is lent to the Government, its notes must be valueless if the Exchequer fail. Let the Government make use of its own credit and resources, and save the large sums which it annually pays the Bank of England for the use of its notes. Every one must, we think, see that the notes of a Government in the receipt of an income of fifty or sixty millions sterling per annum, which income is secured by the whole property of the country, must be superior to those of a corpora- tion whose income is, in; the first place, not a fiftieth part of that amount, and in the second place, not secured by a direct power over the entire nation, but only intermediately through the agency of the Government. Just as we have concluded this short notice, we have accidentally met with Mr. Cowell's former letters to Sir F. T. Baring on the same subject. We perceive by a hasty glance, that the same views are expressed, and the same principles propounded, as those in the pamphlet before us. But as they are exhibited more at large, and as they touch the very essence of the controversy between the various currency theorists, we shall probably in a future number enter more largely into the consideration of them. THE OVERSTONE THEORY OF TRADE. In 1837 Lord Overstone published his first pamphlet on the currencyr under the title of " Reflections on Mr. J. Horsley Palmer's Pamphlet on the Causes and Consequences of the Pressure on the Money Market." This pamphlet contains the germ of all that Lord Overstone has since written and said on the subject of currency. It is on that accqunt wor- thy of perusal. In it we have stated, in the plainest manner, the monetary principles which Lord Overstone had adopted, and which appear to be the concentrated wisdom of the financial party known as Bullionists.. " The sole duty," he says, " to be performed in regulating a paper cur- rency is to make its amount vary,-as the amount of a currency exclu- sively metallic would vary under the same circumstances." " The only safe course is to consider a continuous drain of gold from the Bank as conclusive evidence, without reference to vague and uncertain specula- tions as to the precise cause of the drain, of the necessity of eiFecting a corresponding reduction of circulation." Here, then, the public ascer- tain the exact principle of the Bullionist theorj^, which was established as law by Peel's Bill of 1819. The exertions of Lord Overstone, and of those with whom he has acted for the last twenty years, have been directed to the formation of machinery by which this principle of making 113 THE OVEKSTONB THEOEY OP TRADE. the circulation fluctuate " precisely as it would have fluctuated had the currency been purely metallic," might be eiFectually carried out. The repeal of the Usury Laws, allowing to the Bank an unfettering discre- tion in raising the rate of discount to check the drain of bullion by an action on the foreign exchanges, was considered by the supporters of Peel's Bill an important step in the right direction. The separation, by the Act of 1849, of the Bank of England into two departments, the Issue Department to regulate the circulation, the Banking Department merely to act as a bank of deposit and general business, was a device to give greater precision to the working of the principle. The limit placed by the Act of 1849 to the circulation of all banks of issue, had the same object in view. A prohibition to the future establishment of any banks of issue was also enacted, and Lord Overstone, in this pamphlet of 1837, expressly directs the attention of the public to " the propriety of secur- ing, strengthening, and, if possible, extending the monopoly, as regards currency, of the central issuer (the Bank of England), with the view of rendering the indirect control which she can exercise over subordinate issuers more powerful and effectual." Now, as a reason for thfe entire separation of the power of the issue of paper money from the exercise of ordinary banking functions. Lord Overstone promulgated his theory of trade. " The history," he says, " of what we are in the habit of calling the ' state of trade' is an instructive lesson. We find it subject to various conditions, which are periodically returning ; it revolves apparently in an established cycle. First, we find it in a state of quiescence, — next, improvement, — grow- ing confidence, — prosperity, — excitement, — over-trading, — convulsion, — pressure, — stygnation, — distress, — ending again in quiescence." A more disheartening and repulsive theory was never propounded I Eor every evil under the sun, progress, — civilisation, knowledge, science, and a higher tone of public morals — held out the promise of at least amelioration, if not of entire removal. If, however, this theory be true, the commercial evils of the world are without hope of remedy. But we cannot, for a moment, believe that this theory is true. Ancient and modern history furnishes no evidence in support of it. There have been, doubtless, periods of ridiculous gambling .speculation, as those of the Mississippi Scheme and the South Sea Bubble, followed inevitably by much suffering and great ruin; but such delusions, like those of witchcraft or astrology, pass away never to return. Here, however, we are presented with ten " states of trade," of which one is indifferent, three are good, and six had, and are informed that such is the " established cycle " of commerce ! The theory is, in fact, adapted to the circumstances of the country under Peel's monetary system. Every ten or twelve years we suffer from a monetary crisis. We have had the panic of 1825, the diffi- THE OVEUSTONE THEORY OF TKADE. 113 culties of 1837 and 1839, tlie monetary crisis of 1847, and tliat of 1857. The whole "cycle" is, in our opinion, connected with the pernicious monetary system now existing. Take the present moment. We are now in a state of " quiescence," border- ing on " improvement." The commercial storm is past, lluined merchants are collecting their assets, and preparing for the payment of their dividends. Trade is dormant. Nothing is doing but that which is absolutely necessarj'. There is no employment for capital. Money, which men of business were struggling to'get at nine or ten per cent, six months ago, can now be obtained at two or three per cent. But there is no demand for money, it therefore accumulates in the Bank, and in the hands of monej' dealers. The Bank, which in November was on the verge of bank- ruptcy, now holds nearly eighteen millions of gold and silver, and has a reserve of notes of upwards of eleven millions. With this state of things trade manifests symptoms of revival. Mills, whicli were closed, begin to work ; those which were on short time, are put on full time. " Im- provement " has set in. Meanwhile, foreign trade, under the stimulus of increasing orders, also improves. If no check from the export of bullion occurs, " confidence " will increase ; and so, in two or three years, the country will advance to '' prosperity." The " prosperity " of England, iinder Peel's Bills of 1819 and 1844, depends on a circulating medium being provided adequate to the nation's wants, and this is made to depend entirely on a sufficient amount of bullion being retained in the Bank coffers. Sir Robert Peel never contemplated the amount of assistance which his system would obtain from the extraordinary discoveries of gold in California and Australia. Again and again has a pressure been averted by the arrival of a ship with gold from Australia. But here again the system commences its evil operations. Common sense would say, that the Bank of England, having an ample sufficiency of gold in its coffers to meet its demands, should not be expected to encumber itself with more. But the BuUionist " principle " says, that as gold flows in, the Issue Department must continue to give out notes in exchange for gold to any amount at a fixed rate, otherwise we do not make our • circulation fluctuate as a " purely metallic currency " would do. In June, July, and August, 1852, the Bank had in the Issue Department between twenty and twenty-two millions of gold. The active circula- tion (including, as Lord Overstone correctly affirms it ought to do, the reserve of notes in the Bank) was from thirty-four to thirty-six millions. The rate of discount was two per cent. Under such circumstances the period of " excitement " commences. Observe, that we are not in tjie position which we should be with a " purely metallic currency," for on the basis of the accumulated gold in the Issue Department is built up an enormous amount of commercial money, consisting of bills of exchange, cheques, &-c. The BuUionists 114 THE OTEKSTONE THEORY OF TRADE. falsely accuse the currency reformers of advocating an over-issue of paper. We retort on our adversaries the accusation, and affirm that their "principle" necessarily involves over-issues, and consequent " over- trading," as they call it. It is unquestionable that the working of their system has produced greater fluctuations in the rate of discount than were ever before known in this country. The low rate of discount indicates a superabundant circulation. With this superabundance comes a struggle among capi- talists to obtain employment for their money. Schemes which, in a healthy state of the circulating medium would have obtained no coun- tenance, spring up. Such men as Mr. Sadleir seize their opportunit}'. Money is forced into unusual channels. Foreign mining companies, foreign loans, unnecessary lines of railway, bubble banks, and joint- stock companies of every shade of absurdity, are called into existence. The Bullionist " principle " directly fosters and encourages these evils. Then comes the collapse. The prices of all commodities have risen. It becomes a profitable trade to export bullion. It may be obtained to any extent from the Bank. Notes are withdrawn from circulation — money becomes scarce — the rate of discount rises. " Convulsion, pressure, stagnation, and distress," follow in rapid succession. Then prices decline. The hardly earned savings of years of patient industry are in a moment swept away. The man of moderate capital is ruined — many a happy home is broken up — many a bright prospect for life is destroyed — the workhouses are crowded with unemployed operatives — the whole commercial machine is thrown " out of gear." But not even the " principle " for which all this misery and ruin is inflicted is preserved. The Bank Charter Act is suspended, and the miserable farce is at end. The Bullionists have for forty years been on their trial. They have had it all their own way. They carried their Bill in 1819. They asked for the repeal of the Usury Laws to perfect their system : it was granted. They advocated the establishment of joint-stock banks to improve the system : it was sanctioned by Parliament. In 184.4 dissa- tisfied with the management of the Bank of England, they introduced such reforms as they considered necessary to make their system- " per- fect." They advocated the imposition of a limit on the issue of all other banks. Their wishes became law. One thing remains to be done. They may deprive all banks of issue of their privilege, and give, as Lord Overstone proposed in 1837, and as Peel wished to do in 1844, a mono- poly to the Bank of England, or establish a Government Paper Money Circumlocution Office. This, however, the Bullionists cannot do. They cannot carry out their " principle " of causing the circulation of this country to fluctuate as a purely metallic currency would do. HOLES IN THE NATIONAL MONEY BAG. 115 Lord Liverpool said truly that a metallic currency has this inheren defect, it is composed of a commodity liable to fluctuations in value Gold always has fluctuated in value, as compared with other commodi- ties. It always will fluctuate. The pound which, in 14th century contained 300 grains of gold, contained only 174 in 16th, 140 in 17th, 129 in 1750, and it is now 123 grains. Now if, instead of waiting till it be necessary, in order to observe the semblance of justice to the creditor, to make a violent and sudden change in the quantity of gold in a pound, a fractional fluctuation in our paper circulation were allowed to the sovereign, the evils of our existing system would cease . With gold at its market price in bank notes, the efflux and influx of bullion would regulate itself without any violent expanding of the cir- culating medium at one time, or ruinous contractions at another. The Bank note would then, under all circumstances and at all times, be really and truly convertible, and the cycle of trade would become an obsolete theory. The Bullionist system has been fully tested, and has been proved to be as impracticable as it is disastrous. We call upon Lord Overstone to reconsider his opinions. Such national inflictions as those which wehave experienced for the last forty years involve a heavy weight of responsibility. It has, on this occasion, been our wish to avoid all references of a personal character. The earnest supporters, and the not less earnest opponents, of the system he advocates. Sir Eobert Peel and his son. Lord Ashburton and Mr. Huskisson, Mr. Attwood and Mr. Eicardo, have passed from the scene. At a ripe old age the name of Mr. Lewis Loyd has been added to the list. We pause in the heat of controversy to reflect, " what shadows we are, and what shadows we pursue." HOLES IN THE NATIOJiTAL MONEY BAG. If the Chancellor of the Exchequer is not, like the unlucky Danaides,. doomed to draw water with a sieve, he has at least to solve the problem of keeping serviceably full a vessel which is leaking at a thousand gaping seams. Probably this is the only department of government in this country in which the "how to do it "is really and seriously studied. The money bag must be filled ; there must be cash, or else- Chaos. In other departments there may be laxity or lukewarmness, but here at least there is activity and eagerness, if there is not always talent, and so the money bag is filled ; supplies are raised with more or less ingenuity, and the annual tottles of debit and credit are evened somehow or other, as we all know. Disraeli has a right, as Cockneys •say, to manage this matter cleverly ; he comes of a race whose natural 116 HOLES IN THE NATIONAL MONEY BAG. instincts are all financial and on the right side of a bargain ; and if he concocts the budget, we know well enough that the money will be forthcoming. What becomes of all the money we don't know quite so well; and that is the thing which some of us just now are trying to find out. It is tlie endless war expenses which cause the cash to fly and our pockets to collapse. A few years back the Britisli lion reposed upon his laurels, or if he awoke and opened his mouth at all, it was but to " roar you as gently as a sucking dove." The empire was peace — at least such was the favourite notion at home — Kaffirs, and Sikhs, and Chinese might think differently, but theirs were exceptional cases, and not of sufficient weight to trouble us much. There was a pleasant postulate of our greatest thinker which was growing popular before the blast of war came ; it ran to this effect — that a better use might be made of Giles and Jeannot, after being at the expense of rearing them to manhood, than setting them in rows to shoot each other dead. Bull was beginning to see the absurdity of that sort of thing, and to recognise the wisdom of a different economy — -witness the peace movements and missions, the Olive Branches of the philolo- gical blaoksmilh, the national congresses, &c., &c. — all vanished now, like vapour licked up by the fiery Bellona, or, if not dissipated for ever, condensed and bottled up in the pocket laohrjfmatories of John Bright and his drab-coloured following. Not but that there were knowing ones, even then, who saw very good practical utilities in the destiny of Giles and Jeannot — dead in a ditch, or (more elegantly and heroically) mort cm champ d'honneur. It might not be the best thing for them individually, perhaps that much was provable ; but also it could not be the worst thing — to die for one's country, dulce et decorum, &c., and the muse of history in the guise of Mr. Russell, with a smart and smirking sesquipedalian paragraph, or perhaps two, by way of apotheosis. Do j'ou call thatnothing, for a clodhopper born to the plough-tail ? But, leaving Jeannot out of the question — and be it best or worst for Giles — one thing was certain, those glorious cut-throat institutions were an excellent thing for the entail — for a number of highly' respectable vested interests — and for all the elevated proprieties of life ; for when Giles was not fighting abroad he was apt to be grumbling at home, and giving occa- sion to meddlesome demagogues to interfere in his behalf with nonsense about his rights. When the Russian eagle flapped his sombre wing over Turkey, and threatened to flesh his beak in the unguarded side of the Osmanli, the peace delusion vanished at once— the great world congress idea was interred with unuttered because unutterable solemnities, and the British lion, ere half awake, snored a note of thunder that roused all Europe to the consciousness of his existence. This time Giles colleagued with Jean- HOLES IN THE NATIONAL MONEY BAG. 117 not, and instead of cutting each other's throats, they flew together at the throat of Ivan Ivanovitch, and pegged, and pummelled, and hacked, and slashed at him in concert, like good patriots, until they fell, and died, and rotted in the same ditch together — all for glory as aforetime — with a remainder of advantage for a new species of vested interests. For the knowing ones had made the discovery that Giles, whether dead in a ditch, with a conical bullet in him, or alive and pipe-claying himself to the music of martial airs, could be made a medium of profit, a sort of commercial vehicle with sundry practicable margins fluttering about him : that, alive, he could be rigged out, shakoed, shirted, pan- talooned, booted, belted, sheltered and provisioned, upon a newly-invented but by no means patent principle, with very considerable gain to his providers ; and that, dead, he could be supplemented by a brother Giles, who, as raw material, would prove no less useful and profitable in his generation. This grand discovery was experimented upon in the Crimean trenches, and was found to work extremely well, vastly to the satisfac- tion of the knowing ones, though less to that of poor Giles, who starved and took sick under it, and in some tliirty thousand instances died outright before he could strike a fair blow against the enemy. That the new invention wore hideous holes in the national money bag we all know, and by the same token we raised a tremendous clamour about it, what time the war-ninepence ran into our vitals, and we had to pay the piper ; but the clamour died out, as it always does wlien it is allowed to have free way and exhaust itself ; and beyond a good deal of windy rhetoric, and much waste of both honourable and plebeian breath, nothing came of it — then. The Indian mutiny called out Giles again, and, as a matter of course, the knowing ones who had managed matters so well in the Crimea, got the provisioning him and the rigging of him out again, and not only of him, but of brother Giles, who, in the capacity of militia-man, stayed at home for the nonce. They say that Giles who went abroad to fight under a tropical sun, got but a shabby outfit, but had to put up with it as he might, and make the best of it ; while Giles at home was con- stantly being buried in a mountain of accoutrements of all sorts and descriptions— and yet the bumpkin could never he suited. Pantaloons and coats,, belts and shakoes, straps and boots, though showered on him like rain, fell from his corpus like rain from a duck's back. The rumour ran that all were too long, too short, too broad, too narrow, too heavy, too light, too this, too that, and too t'other, to be of any use, and having first been contracted for, delivered, examined, approved, and paid for, had to be condemned and sold again for what they would fetch, in accordance with the newly-discovered and unpatented principle of tho knowing ones. How it was that the War Department could not rig out his poor Giles even at double the cost at which Noses and Co. would 118 HOLES IN THE NATIONAL MONEY BAG. have done the thing, and made a profit by it too ; how, in fact, paying a, good deal more than double, they could not succeed in rigging him out at all, that was a mystery which, while it perplexed Mr. Bull ex- ceedingly, raised his choler and caused him to rile up, as the Yankees say, some! Bull swore he would have the matter looked into, or he would button up his breeches-pocket, clap the stopper on the supplies, and leave the filling of the money bag to Old Nick. Bull got on the platform and said as much as that, and more : he was determined to know how his money was spent, he said ; he would have value for what he paid, or he wouldn't pay at all, and he would have the invoices and see the vouchers — and all that, and more of it. The upshot was that Bull had to be pacified ; and so the big fellows who work the State machine promised that the thing should be looked into. When the promise would have been kept, had not the machine taken a hitch through bad management, and got handed over to a dif- ferent set of workmen, there is no knowing. But people who are new brooms sweep clean, especially when they sweep other people's dirt — and the new hands began looking into Giles's business without loss of time, and all the quicker that the result was not expected to reflect any great credit upon their predecessors in office. That inquiry is going on now, and has been going on for some time, at the great wittenagemot down in Westminster. A party of Bull's representatives have taken it in hand, with an evident determination to get to the bottom of the mystery if there be any bottom to it, and also, if it may be, to patch up the rents in the money bag. They have cited to their bar Giles's pur- veyors, who are supposed to know all about it, both Jews and Gentiles — men of the last, men of the hot goose, men of the cloth-yard, and men of the quill — and, by dint of a succession of earnest and affectionate squeezings, are endeavouring to express from them such revelations as are to be got. The inquiry is held with open doors; Bull and any of his family are welcome to be present if they choose, and numbers of them, as is but natural, avail themselves of the privilege. We have ourselves, two or three times, in our wandering search after truth, attended the investigation ; and though the process by which that rare article is eliminated in that honourable conclave is not the most direct, but rather of the circumbendibus order, we have yet picked up a few facts relating to the outfit of Giles, and the peculiar ceremonial which every particle of his military toggery is made to undergo before it is in a condition to be shot at, which throws some small gleam of light on the mystery of the leaky money bag, and which, therefore, we shall take the liberty to jot down. It does appear, then, from the evidence taken before the West- minster conclave, that Bull's sagacious Government, out of a considerate regard for the comfort and Avelfare of Giles, and for no other earthly HOLES IN THE NATIONAL MONEY BAG. 119 reason, has for some time past been most extensively engaged in the slop trade. They have one huge shop for the reception and storing of the slops at Doubleyou, and other like " establishments " at other letters of the alphabet. From examination of the account-books of these establishments — said books being not much more than two years behind-hand in the ceremony of posting up — nothing very definite as to the management of the business is to be learned. But from questions put to contractors who supply goods, to functionaries who receive them, and to others, some features of the system of management are made to loom out of the mist. Thus we learn that when a contractor sends in a batch of slops according to contract, they have to be submitted to the inspection of viewers, who are supposed to be placed above the reach of temptation and the possibility of corruption by the reception of salaries somewhat less than the wages of a day-labourer. Of course, the viewers are incorruptible, and have no vested interests of their own. When a man has 15s. a week, and a responsible post, what more can he want ? The opportunity that makes the thief only makes him stronger in his integrity. Such a man would not take a bribe to pass a batch of defective goods; and though the defective goods should pass into the store, and have subsequently to be condemned, we, for our part, have perfect confidence in the honesty of the official, and we take this oppor- tunity of saying so. "We are bound to state, however, that in this opinion we have not the unanimous concurrence of the investigating conclave, for one elderly gentleman assisting in the inquiry (nae peer, as the Scotch would say, but a paragon in his way) broadly blurted out his conviction more than once, that bribery and corruption lay at the root of the entire mystery. On a subsequent peep at the conclave we chanced to stumble upon a pleasant passage in the history of that part of Giles's outfit in which he takes such unmitigated delight, and which is to his lump of pipe-clay what the dowager's wrinkled cheek is to the rouge-pot — the subject of everlast- ing anxiety and reparation. We found the conclave breathing an atmos- phere of a leathery odour, and up to their eyes in pouch-belts. There was a, difficulty about the pouch-belts, which wanted solution. It was upon the record that seventy-odd thousand of them had been contracted for, delivered, approved, and paid for, at the rate of 4s. Gd. each; and after enjoying the protection of the Government shop at Doubleyou, had been sold again, without having incurred the slightest deterioration, but having rather improved by keeping, for the sum of 9d. each. That stroke of business was evidently not to the credit of Government sagacity in the science of slop-dealing ; and honourable gentlemen showed con- siderable anxiety to get at the why and the wherefore of the transaction. Their earnest questions, however, did not meet the most earnest replies; nothing expository of the hidden wisdom which dictated the 120 HOLES IN THE NATIONAL MONEY BAG. bargain could be elicited : there was the bare fact of a mountain of re- jected leather, in the shape of pouch-belts, and the loss of 82 per cent, in their pmxhase and sale, to the grievous injury of the money bag; and that was all. That fact, indeed, was brought prominently forth by the praiseworthy efforts of the chairman. " Is it your opinion," said he to the witness, " that Government can purchase these belts at is. Gd., and sell them again at 9(.i, without suffering a serious loss by the transaction?" The witness, with a degree of candour remarkable in a Government con- tractor, was of opinion that only loss could ensue from such a mode of doing business ! And so that fact was established ; and it should be duly appreciated, because it is all that Bull will ever get in return for his vanished 82 per cent. A brief catechism on boots followed on the dismissal of the belts. The boots which Giles wanted so much in the Crimea, but didn't get — and which he would be glad to get in India — are, when made according to specification and pattern, a substantial article, a real comfort and protec- tion to Giles's toes, when he can but get into them. Such excellent boots, it ajjpeared by the catechism, had been made and delivered by tens of thousands, at a cost to the Grovernment of 10s. 6d. to lis. the pair, and summarilj' sold again to the slop-dealers at 5s. 3d. the pair. An amusing feature with regard to the boots — and one charmingly illustrative of the financial dexterity of the Government slop-seller — came out incidentally. It was nothing less than the fact that in this case the purchase and the sale had been going on simultaneously; that there had been a running traffic at the shop, a. sprightly issue of goods going on concurrently with their delivery by the contractors, at a loss of only 50 per cent. On this stroke of business, also, the chairman had grave doubts, and repeating liis question, drew from the witness a declaration that it involved a serious loss. Some of the honourable gentlemen seemed to entertain doubts as to the real and ultimate destimition of the boots after all. It did not clearly appear whether the boots wore made for Giles, or, like Peter Pindar's razors, made only to sell; and least of all did it appear how often they might be sold and bought, and bought and sold again, before Giles got them — if, indeed, he ever did get them. They put the question to witnesses — did they, the witnesses, ever buy the Government stores at the Government sales, and send them in again as part of Government contracts? Nobody knew_anything about that, of course. The history of Giles's outfit remains a mystery still ; meanwhile it is a matter of curious speculation. Taking for data his pouch- belt, and his boots, let us see what we can make of it. The belts, bought at 4s. Qd., and sold at 9d. each, gives a loss on the one article of about 82 per cent. The boots bought at 10s. 6d. a pair, and sold at 5s. 'dd. a pair, gives a loss^on the other of 50 per cent : tottle — OUDE AND THE LAND TENURES OP INDIA. 121 an average loss of 66 per cent., and Giles without a belt for his pouch, and his toes in the mud. The value of Giles's entire outfit, when he gets it, we may put down at 40s. ; the loss on that at the above average, would be 24s. Qd., or thereabouts, which spread over an army of a hundred thousand men amounts to a comfortable sum. But who shall say that that is all ? The buying dear and the selling cheap, for the benefit of the knowing ones, may be rehearsed again and again, the Lord knows how many times. There may be, for aught we know, boots in existence, intended for Giles, and which Giles may get when they are no longer too good for him, which have been stored not only in Doubleyou, but in all the letters of the alphabet, and have brought ,cent. per cent, to both Jew nnd Gentile ten times over. If that is the case — and how the supposition, absurd as it looks, is to be disproved we do not see — then Giles's outfit may cost Bull two or three hundred per cent, over the market price, before the poor fellow is finally rigged out for the battle-field. We are a little sceptical on the score of con ■ tractors' consciences; we could tell a tale about stores returned from the Crimea — returned without even being unpacked — bought back for next to nothing, and which must now be sought for eastward of the Indus. The question is. Is the mj'stery likely to be cleared up ? Will the knowing ones, who have utilised Giles so extensively, be fairly brought face to face with Bull, that they may know each other ? We cannot tell ; the conclave will continue their investigations, and publish the results in a volume of cerulean hue, and Bull will know all that he is destined to know about the business. Our own impression is, that, beyond the already patent fact that he has been atrociously cheated and plundered in the matter of poor Giles, the knowledge he will derive will not be much. The knowing ones are too knowing to walk into the wide- mouthed trap set for them by the wittenagemot : they ai'e not the sort to gibbet themselves for the general advantage. As for the Government officials, they will all come out of the ordeal pure and immaculate, and not to be suspected, much less to be ignominiously kicked out of office. " What !" says Bull, in a towering rage, " will nobody be walloped for this ?" " No, my dear Bull, nobody." OTJDE ANT> THE LAND TENURES OE INDIA. Apart from the violence of faction and the intrigues of party, let us lay before the public the questions at issue with respect to Lord Can- ning's proclamation and Lord EUenborough's despatch. The case against the Government was this — (we collect it from the K 122 OXIDE AND THE LAND TENURES OF INDIA. Various speeches and organs of their opponents): — Rightly or wrongly, we took possession of Oude, and expelled the king. We occupied it peaceably nearly two years. We seized it because the king permitted the most horrible cruelties. The talookdars, or heads of divisions, were little else than robber chiefs, who made war on the king, or on each other. Each of them had followers of from five to twenty thousand men. Each held fortifications surrounded by thick jungle, and possessed guns and ammunition. They oppressed the people, seized their villages, burned some, and destroyed or ravaged others. The Koran acknowledges no hereditary title to land. Oude was a state governed by a Mussulman sovereign, though the majority of the inhabitants were Hindoos ; consequently, there was no property in the soil. These talookdars were, therefore, only persons appointed by the Government to collect the revenue ; the rent they received from the cultivators was, in fact, due to the Government, and what they reserved to themselves was mere peculation. They were tenants at will of their offices. There was no such thing, generally, as a proprietary right in the soil — the fee-simple of the land was in the Govern- ment. The talookdar was a mere chief collector, the zemindar a sub-collector, and the cultivators, in all cases, mere tenants at will. In practice, however, in a few cases, a grant might have been given in recent years of a hereditary property in the soil. On getting possession of Oude, it became necessary to investigate these claims. Talookdars and zemindars must be made to show the origin of their titles. No matter how long they or their ancestors had been in possession, the original grant must be shown, or they were to be treated as tenants at will ; for all the land of Oude was held of the sovereign, and the sovereign power having come into the hands of a new landlord, he was perfectly justified in sending a notice to quit to troublesome tenants. It was neces- sary to break up the warlike establishments of these feudal barons, and bind them over to good behaviour. Colonel Sleeman, it was said, had made out a very strong case against the Oude Government. The people were treated in the most barbarous manner. When the mutiny of our Sepoys broke out, these savages joined the rebels ; the most fearful atrocities were committed on the unarmed women and children; these horrors deserved the severest retribution. The whole population of Oude was hostile, and it was necessary to re-conquer the country. Any show of hesitation or leniency would be mistaken for fear. The rebellion gave an excellent opportunity to cut the difficulty of the land tenures by forfeiting the whole land. And now it is urged that though Lord Canning's proclamation threatens to confiscate the proprietary right in the soil, it did not mean that, but merely to transfer the ultimate reversion to the Crown. That it was very wrong in Lord Ellenborough to send a despatch in reply to OUDB AND THE LAND TENURES OF INDIAi 123 the proclamation, till he received an explanation of it from Lord Canning, as it would tie his hands and diminish his authority. That it was wrong in the Government to permit him to do so. That the despatch ought not to have been sent, because it is not known that the proclamation has ever been published. It was very wrong to permit the despatch to be published, as it would encourage rebels in resistance. Besides, rebellion is high treason, and the lawful punishment of high treason is confisca- tion. And that, after all, they were savages. Such is the case for Lord Canning. On the other side it is urged that some of these allegations are not altogether consistent. That Lord Ellenborough had resigned. He was alone responsible for the publication. Again, if the whole popu- lation of Oude was hostile, it shows that their previous Govern- ment was more popular than ours. Were they singular in pre- ferring " a boisterous freedom to a peaceful slavery ?" Even the occasional exactions of the native chief might gall less than the systematic oppression of the English official. The power of the chieftain depended on the number of his people ; the success of the official on the rupees he could extract. The chief had some hereditary interest in the people's well-being — the official only residing among them for a short period had none. The object of one was to increase the power of his family — that of the other to make money as rapidly as he could, and return to England. Can we say that the people of Oude are wholly mistaken in their preference ? The mutiny of the Sepoy and the revolt of Oude are events of a wholly distinct character. The Sepoy had eaten our salt, had been petted, humoured, pampered, spoiled; and, on a ridiculous pretext, he, out of mere wantonness, rose and murdered his own officers j and it may be still in the recollection of some, was rather encouraged by the Govern- ment in so doing. Nothing he did could be wrong. The inhabitants of Oude had, on the other hand, little to thank us for, and nothing to be faithful for. We had broken treaties, we had occupied their country, we had put the title of every landowner in peril, raised the taxes, deprived many of their estates. Yet the atrocities of the rebellion were committed by our spoiled Sepoys, and not by the people of Oude. One of their greatest chieftains, Maun Sing, had been deprived, on some pretext, of a great part of his estates. On the out- break of the mutiny he saved the lives of several Europeans — women and children. So considerable was his influence that his clan was 20,000 Strong in fighting men. At first he stood neuter, sending word that on the promise to restore his property he would take an active part for us. Our rulers hesitated. To extract rupees was the sum of their policy ; to concede was to lose rupees. Lives, indeed, were at stake, but there were rupees also. They hesitate. The immortal Havelock is forced to 124 OUDE AND THE LAND TENURES OF INDIA. retreat, and Maun Sing having sought justice in vain at the hands of pertinacious incompetency, unwillingly takes the field against us. By the time he had done so the Governor-General had just made up his mind to accept his offer, but it was just too late. Is there any Englishman who would not fight in such a cause ? The hearths and homes of a whole people were the stake. If England were overrun by an enemy who recognised no property in the soil, except where an original grant from the crown could be proved, and the pro- prietors of the soil had appealed to arms, and a single victory had been gained over them, would a proclamation of universal confiscation, excepting six lords from its oi)eration who had found it their interest to intrigue with the public enemy, be conducive to the peaceable settlement of the State? Oh, but these are savages ; yoa can't deal with Mohammedans as you can with Christians. Grotius is of another opinion ; so is Vatlel, who dismisses the subject with a single contemptuous paragraph. According to the latter authority, the law applicable to the case is this: until a province be ceded by treaty, or irrecoverably lost by long neglect — usueaption on the one side and prescription on the other — the conqueror cannot make out a clear title to it. Now, as to Oude, it had never been ceded by treaty, and our occupation had been more nominal than real — the chiefs had repudiated our authority. These were the great feudatories of the king bound by their tenure to serve him in war. On the first opportunity they endeavour to drive us from their country, which we got possession of quietly by fraud and falsehood. There can be no question of the lawfulness of the war they waged against us; there might be great question of the justice of the war we waged against them. They cannot be legally treated as private persons without order of their sovereign making war on their own account; and even if they were not bound to fight by their tenure, there are things a subject may do presuming on his sovereign's assent. "If," says Vattel, " the townsmen of a Strong place taken by the enemy have not promised or sworn submis- sion to him, and a favourable opportunity offers of surprising the GARRISON AND RECOVERING THE PLACE for their Sovereign, they may con- fidently presume that their prince will approve their spirited enterprise; and who will censure it ?" He then gives the example of Genoa expel- ling the Austrians a century ago, an event which is yearly celebrated to this day in that city. Consequently, the rights of the respective parties are as of those engaged in a regular and lawful war. The laws of war do not permit the appropriation of the soil of the conquered. " The conqueror," says Vattel, " lays his hand on the posses- sions of the State, on what belongs to the public, whileprivate persons are permitted to retain theirs." Therefore, to confiscate the soil of Oude is a stretch of international law, not very easily to be reconciled with the OUDE AND THE LAND TENURES OF INDIA. 125 writers on that subject. Perhaps a similar opinion might be expressed with regard to too many of our dealings with the Indian peninsula. But it is urged, accordiog to the Mussulman theory, a permanent inheritable property cannot exist in the soil. It may be so theoretically j we do not know, we are not mollahs. But the practice is not so, and never has been so. That property in land exists is evident, from Lord Canning confiscating it to the State. In a discussion on the subject in 1841, at the India House, a Mr. Brown put in the title deeds of an Indian estate which had been in one family 200 years. There are grants of land extant of extreme antiquity. The tenure erf land is universal from one end of India to the other, except where it has not been destroyed by us. The truth is that the soil is held of the sovereign, as it is in this country. It used to be held by an allodial tenure, as land used to be held here in the Saxon times. The Norman conquest here and the Blussulraan conquest in India seem to have converted these allodial into feudal tenures. The talookdar is tenant in capite (like Hugh Lupus or Roger Bigod, Earls of Chester and Norfolk); he holds ten, twentj', or sometimes four or five- hundred villages, as a sort of lord paramount. The zemindar seems to hold sometimes under a talookdar, and sometimes directly from the sovereign. He is nearly equivalent to our lord of the manor. ThV villagers hold of him by a sort of customary tenure like our copyhold. Some part of his manor, called the seer, the zemindar either occupies himself or lets to tenants at will. He pays to the Government or to the talookdar who pays to the Government, the tax for his manor, out of the rents he receives. In every case the right to the property was hereditary. It would not unfrequently occur that a village held a manor directly of the sovereign, each sharer being a sort of joint lord of the manor : each of them is called a zemindar. The tax was then usually collected by officers who were sometimes elected by the village, but not unfrequently hereditary. The East India Company have systematically ignored all property in the soil on gaining possession of a new province. This object has been accomplished by various processes. They have treated the zemindar and talookdar as mere Government collectors. It is true that they were Govern- ment collectors and magistrates ; but it would be a strong measure to treat the rent-roll of a country squire as State property on the ground of his being a justice of the peace. The Company has arbitrarily raised the tax on the freehold villages, to reduce them to the condition of occupants instead of owners of the soil. There is no proprietor too great or too small for this voracious appetite ; no man's property is safe. The natural consequence of this impolitic greediness is, that no one im- proves the soil ; there is no intermediate class between the English official and the pauper. Lord Cornwallis, with the wisdom of a statesman, 126 OUDE AND THE LAND TENURES OF INDIA. fixed the assessment on each estate in the province of Bengal on a permanent scale. The result has answered his expectation ; no famines have occurred there. It has not been so in the rest of India. Bengal has rapidly increased in prosperity and cultivation. Confiscation does not beget confidence, but security of property does. Elsewhere the government of the English made regular and systematic the occa- sional oppression of a native rule. On the eve of a transfer of India to the crown, surely it is a time to stop this mad career. The importance of Lord EUenborough's despatch is that it recognises a. juster and wiser policj'. One of the main grounds on which we justified our seizure of Oude was the misgovernment of the king. Much prejudice had been excited by the publication of " The Private Life of an Eastern King " — a book of little or no authority. The king has been our faithful ally ; a resident and army have been maintained in Oude at his cost, who prevented his measures for reform being carried into execution ; expelled his ablest ministers ; protected rebels against his authority, and refused to permit him to make roads and canals, and otherwise to develop the resources of his country. A last, under the pretext of bad government, we dispossessed him, after borrowing his money and abusing his hospitality. Now, on the authority of Bishop Heber, Oude is cultivated like a garden. In spite of this bad government, it is notorious that our own Sepoys, when they had saved enough to become small freeholders, bought land in Oude, rather than settle in our own provinces. No emi- gration took place from Oude ; a fact which Lord Dalhousie admits he is unable to comprehend. And we have the evidence of Lord Canning himself, that every landowner, great and small, except six, have leagued with our enemies in an endeavour to wrest their country from our civilising grasp. Truly, this passes comprehension. Our magistrates, who were charged to get up a case against Oude, themselves admit that as many crimes were committed by our own subjects across the border, on the neighbouring kingdom of Oude, as were perpetrated within our borders by malefactors from that State ; while the Oude police was much more efficient than our own in delivering them up to justice. Can it be that the hostility of the natives of Oude may originate in their finding under their native princes a respect of property, and a justice of administration, however imperfect, not to be met with in the British provinces? Is it possible that jealousy of a more popular government may have something to do with the ardent and long-continued passion for annexation expe- rienced by the Company, who have only been deterred by the frequent remonstrances of Governor Generals from seizing that State years back? Whigs of this day seem satisfied with clandestine suppression of treaties, and the concealment of despatches of public importance. WOE IS ME, MY PARTY ! 127 There was a time when such men as Fox, Burke, and Sheridan, made the rights of the natives of India a subject of impassioned eloquence ; but those were days when they had long been excluded from office. They have now driven the minister who was the advocate of such claims from the conduct of affairs. Can it be that Lord Canning's present policy has been forced on him by others? In the early days of the mutiny he was not distinguished for inclemency to the mutineers. It is very marvellous that, mild where he should have been severe, he should have also been harsh where he ought to have been just. Dilatory and weak when the exigencies of the State required promptness and energy, that he should have then only breathed vengeance and confiscation, when justice and prudence alike needed mercy and caution. Popular feeling oscillates too quickly in England for public servants at a distance to truckle to it successfully. If they change their course to suit the flow, they are just in time to buffet with the ebb. Can we wonder that the proprietors of Oude should energetically resist a conqueror who treated property as if it were robbery, adopting in practice the theory of the maddest French Socialists? The know ledge which the late debate will convey to India, that confiscation is not regarded as lawful in conquerors, is more likely to pacify than the check on the absolute power of the Governor-General is likely to encouragS resistance. Probably the natives, assured of the possession of their hearths and homes, will cease a disastrous conflict, under the hope that England is not insensible to the appeals of justice,- even if that hope prove vain. ' But, say the friends of Lord Canning, it is doubtful whether the proclamation was ever published, and, at any rate. Lord EUenborough should have waited for explanations. There are things which cannot be explained; confiscation is one of them. That confiscation in English is not confiscation in Hindustani, is too absurd to require argu- ment. The very object of the despatch was, if possible, to prevent the publication. The longer the delay, the greater the danger to the State. Our policy in India has been so monstrous, that were it not vouched for by the'most authentic documents, it would exceed belief. The very bulk of the wrong makes it difficult of credence. WOE IS ME, MY PARTY!* A VERY MOURNFUL BALLAD BY AN INDEPENDENT LIBERAL. Ex-PKEMiER Pam rides up and down, Catching the rumours of the town — * Thee£fect of this ballad is likely to be such, that the professional minstrels of the metropolis are recommended (by suggestion of Sir R. Mayne) not to sing it within earshot of Cambridge House or Brookes's Club. 128 WOE IS ME, MY PARTY ! ) thoi "Woe is me, my Party ! From Chesham Place's Gates to those Of Piccadilly on he goes. Hayter comes his chief to tell How the Radicals rebel; Pam into a passion flew, And the whip looked very blue. Woe is me, my Party ! He quits his hack with language coarse, He gets upon his highest horse; And, digging in each vicious spur. He clatters down to Westminster. Woe is me, my Partj- ! " Cardwell up! my foes arraign In thy very prosiest strain. Let Lord John his trumpet sound ! He can bring the waverers round. Woe is me, my Party ! " Beat the loud alarum ! Blow All your shrillest notes, Bob Lowe ! Eoar, bully Times! roar yet again ! Charge, Walter, charge ! On ! on ! Delane ! Woe is me, my Party !" But when the Liberal party heard. Their faltering hearts were little stirred : One by one, and two by two, Muttered " This will never do !" Woe is me, my Party 1 Out then spake the crafty Graeme, " This is all a party scheme : Lust of place, must have its fling. Therefore is this gathering 1 Woe is me, my Party ! " Downing Street not long ago Yielded to the Tory foe. But the worst is to be told — Derby means the place to hold! Woe is me, my Party!" Out then spake John Alquakere Unpleasant words for Whigs to hear, " Good Pam, thou art rightly served! Good Pam, this thou hast deserved 1 Woe is me, my Party ! " By thee were snubbed in evil hour. Of Manchester the pride and power; And deputations met, from thee, With uniform discourtesy. Woe is me, my Party! WOE IS ME, MY PARTY. 129 " And for this on thee is sent Long and well-earned chastisement, Thee and thine who jobbed the realm Wreck and ruin overwhelm 1 Woe is me, my Party 1 " Dotard rivals, do ye dine Muddled with nepenthe wine. And because ye hob-a-nob Must we pledge ' The old Whig job' ? Woe is toe, my Party 1 " Plucky bunkum — liberal bam, Have their day, Lords John and Pam. All impostures, Pam and John, In the end are blown upon. Woe is me, my Party ! " You may dine or you may sup, You may sulk, or make it up : England will not trust again Worn-out, cast-off, shown-up men 1 Woe is me, my Party ! " And let this house a lesson learn. That honesty should have a turn; For jobbery has by degrees Got very shaky in the knees. Woe is me, my Party ! " So those who mean to hold the reins Must study less their private gains; For in the end no tactics tell Unless they serve the country well. Woe is me, my Party 1" He spoke. The malcontents uprise la cove3'S, with most piteous cries — Beseeching Cardwell to withdraw. Because Bright touched them in the raw. Woe is me, my Party 1 Our game is up ! Their game is won I A long farewell to Palmerston 1 The catalogue of all his crimes Awaits, in type, next Tuesday's Times. Woe is me, my Party 1 Reformers ! should we ever meet To breach the walls of Downing Street, Before we take the place by storm — Let's really try to mean Reform ! Woq is me, my Party ! 130 THE TWADDLE OP THE "TIMES." No. II. We resume our examination of the mischievous trash put forth by the City writer of the Times during the monetary crisis of last autumn. On the 27th October the entire suspension of specie payments by the New York and Boston Banks was declared by the Times to be " the most satisfactory announcement that could have been looked for." The banks are stated tohave induceda panic by their" mismanagement," and then to have " sought to save themselves by the sacrifice of the whole mercantile community ; but the public at last have taken the matter in their own hands, and forced them to a stoppage, which will place them in the same condition with their victims, and thus terminate the struggle." The course of the banks is stated tohave been this : — " By a system of most imprudent advances they had encouraged the public to rely on abundant accommodation, not only on bills of exchange, but on the bonds and promissory notes of railway and other corporations. When the over issue of this latter class of securities began to excite alarm, and it was seen by a hhot of speculators that if they could be brought into sudden discredit general confusion would ensue, the banks turned round upon those they had deluded, and not merely refused further accommodation, but called in, as far as possible, all that had been granted. Of course, universal fright followed; but as firm after firm went down the banks still boasted that they were determined to maintain themselves, and actually excited some soH of admiration at the grandeur of their resolve." "In the opinion of calm lookers on,'' the Times' writer continues, " another week was alone required to stop every house throughout the States." The banks, however, *' continued blindly stubborn;" so the American community "with an instinct of despair" arranged a concerted run and brought the banks to an end. " Eighteen of these establishments had already been brought down, and the thirty-three that remained saw that another day would seal their fate." The banks have ruined the merchants, and the merchants have stopped the banks. This is the " satisfactory announcement " of our amiable Twaddler ! which reminds one of the Manchester boy's notion of the advantages of a revolution when " everybody kills everybody till bread becomes cheaper." But the Tivaddler did his best to uphold the rotten system of our English currency laws. With this object in view he had the face to admit that " the inconvertible paper of the banks would now circulate at a value in proportion to the discretion with which it might be issued ; and sup- posing it to be kept within close limits, there is no reason that it" should fall much, if at all, below par." " When the New York note circulation," he tells us on 29th, "shall have been legalised as a tender, no one will luant gold, except for the purpose of exportation or hoarding^ The want THE TWADDLE OP THE "TIMES." 131 of common honesty in a writer who can report favourably of principles in America which he repudiates in England, is apparent. Why, then, do so ? He had a purpose to serve. The suspension of specie pay- ments in America might, he trusted, obviate the necessity of the sus- pension of the Bank Charter Act in England. What he really endeavoured to impress on the English commercial public was just this : " The grecfi danger which has pressed upon our money-market during the past two or three weeTcs is therefore lightened." Short-sighted theorist 1 We are not the apologists of the American banks, or indeed of the American public ; but let it be remembered that the Americans have adopted our monetary errors. "It has been," says Lord Overstone, " the uniform practice of tlie different States of the Union to allow banks to be established for the issue of notes payable in specie on demand." The Americans — having been persuaded into the reception of the Peel fallacy, the convertibility of the note into gold at a fixed rale — have had to take the consequences. They, like ourselves, are subjected by the system to depressions of trade, temporary prosperity, then a forced over-issue of notes engendering speculation of every kind, the consequent withdrawal of bullion, and violent contractions of the currency, terminating in ruin to merchants, distress to the working classes, and suspension of specie payments by the banks. Day by day the City writer of the Times continued to attempt to inspire confidence in the tottering system of Peel and Overstone. On November 2nd he predicted that "a month can scarcely elapse without the commence- ment of a course of restoration." All kinds of securities continued to decline in the United States ; and the Twaddler discovered that this arose from the conduct of the banks in withholding one of the "chief benefits" of a suspension of specie payments — viz. " a partial restoration of the note circulation." Observe, the banks having issued more promises to pay than they could fulfil, this inconsistent creature blames them for not issuing an increased amount to meet the requirements of the country for its internal trade. He advocates " inconvertible bank notes " as the panacea for the ill effects of a panic 1 The American banks have put forth, after all their specie was exhausted, some worthless rags. This, «ays our twaddling friend, is an " immense gain." But why not issue a few more " bits of paper with certain characters on them"? That is the way he says, and says truly, in which the French Government " averted a financial convulsion " in 1848. Keep up, says the Twaddler, the delusion of " convertibility " while trade is prosperous, and everything quiet; but the moment any difficulty arises, when people want you really to convert your promises to pay into gold, then away with the fiction of " convert- ibility," declare your notes a legal tender, issue enough of them for "the requirements of internal trade," that is the way to establish a '* sound paper circulation" according to Sir Robert Peel's " model" Act ! 133 THE TWADDLE OF THE "TIMES." The Twaddler is evidently a wag. He must be, after all, a good fellow. "We see him rolling his fat good-natured form about, while his merry cheerful eye twinkles with delight at the fun of the thing. " Will nobody," says the Charley Bates of the Times, " hold nie ? I shall kill myself with laughing ! Look at the public taking all this in ! they are so jolly green! ah ! ah ! ah ! " Order ! order ! On November 4th, the City writer anticipating the advance in the Bank rate of discount to 9 per cent., assures the commercial public that " should such a step be adopted, it will afford no reason for a diminution of confidence. On the contrary, it will show that the Bank are determined steadily to maintain a policy loldch will enable them to continue discounting freely every sound hill that may he presented^ We shall see directly the absurdity of this supposition. " All paper accommo- dation," it is further affirmed, " will be obtainable upon paying the true price for it, and it has already been remarked that, altliough the difference between the rate of 5 and 9 per cent, per annum- — which amounts on three months' bills to 1 per cent, [a wonderful discovery this] may be a serious drawback from all mercantile profits ; it can never affect the solidity of any house not otherwise imperilled." Then comes the usual consolatory twaddle that "a turn must soon be witnessed." As a comment on this absurd rubbish it may be recalled to recollection that on the day on which it was written Naylor, Vicars, and Co. suspended payment, and that the same thing happened to Dennistoun and Co. a day or two later. On Thursday, November 5lh, the Bank rate was raised to 9, and in the next day's Times the Twaddler assured his confiding friend, the commercial public, that there was "not the slightest provocative to panic." Every childish suggestion that occurs to the writer is pressed into his service to keep the public quiet. The public, he says, have an average amount of notes in their hands, "and business has recently been undergoing rapid contraction ;" therefore they cannot want money — as if every prudent and honest trader would not feel it his duty to supply himself at such a time with amply sufficient means. There was no necessity for " pointing to the low state of the reserve of unemployed notes " — the Bank return being published for the very purpose of enabling people to judge of the capability of the Bank for affording them accommodation, or rather of the ability of that establishment to convert commercial bills, as good or better than their own notes, into legal tender money. Again, the bills receivable each day by the Bank were as large on the average as they were ordinarily asked to let out — the increasing amount of discounts and the diminishing reserve being direct evidence of the contrary. " There is con- sequently ,"continued this writer, " not the shadow of a pretext for any cry for Government palliatives." Amidst falling houses and impending ruin the Twaddler ventures on the most unmitigated and puerile twaddle as to the nation " losing its self-possession," and the " financial sense," of THE TWADDLE Or THE "TIMES." 133 the English people being so low as to cause the degrading contingency of the panic to be regarded as possible and probable. In this day's paper appear some suggestions, apparently by another hand, as to the expediency of checking the drain of bullion to India by the issue of " temporarily inconvertible paper." " The natives, it is thought, would be found sufficiently keen to estimate the value of a Government note carrying 6 or 7 per cent, interest, and receivable at par in the course of six or twelve months for revenue dues." " Every one," we are told, " with paper of this description in his pocket would feel an access of loyalty and a proportionate desire for the maintenance of order." Very true, no doubt. Save the country the interest by issuing in England legal tender notes receivable for revenue at all times, and you have, as currency reformers propose, a safe and adequate Govern- ment paper money independent of the influx or efflux of bullion, and conducive to the best interests of the nation. During a mone- tar)' crisis we get the truth even from- our buUionist opponents. Why did not this .writer follow up his suggestion with our Government ? "Why, but because it was the preservation of the Bank Charter Act which elicited these remarks, not the preservation of the commercial and social interests of his country. Now after having prated again and again about the trivial inconvenience which a rise in the rate of discount would cause to all really solvent houses, we find the Twaddler, in opposing the very proper application to Government of the Glasgow deputation, arguing that no enlargement of the circulation is required, because " trade has undergone contraction in all directions, and there has been an enormous fall in prices." Can this very superficial special pleader comprehend, or can he not, the effect which a trade contracted in all directions, and an enormous fall in prices, must have on commercial houses ? Can he understand that a merchant of superabundant means, with not only American bills in his possession which he cannot get discounted at any rate, but with his warehouses filled with goods depreciated 30, 40, or 50 per cent., may be, must be, brought into great difficulties ; will he take Lord Overstone's word for it that the operation of a contracted currency and a high rate of discount is intended by the authors of the Bank Charter Act to depress the price of all commodities, and thus to attract bullion back to us ? If he knew these things, all that he wrote in opposition to such facts was as dishonest as it was erroneous. If he did not know them, he ought never to presume to oifer an opinion on any subject connected with monetary affairs more important than the fractional rise or fall in the price of consols. On the 9 th of November the Twaddler again takes the field, in opposition to what he supposes to be the propositions for relief of the Glasgow deputation. He, for the twentieth time, harps upon the 134 THE TWABDLE OF THE "TIMES." unimportance of the rise in the rate of discount. " Do the merchants and mill-owners of Glasgow mean to assert," he says, " that the charge of 9 or even 12 per cent, discount for a month or two, is more than they can bear ? In justice to them, such an idea cannot be entertained. The difference between 5 and 9 per cent, for two months is exactly 13s. 4d., and any merchant in a condition to be embarrassed by an extra payment to that extent on all the accommodation he may require, must obviouslj' have assumed a place to which from utter want of capital he was not entitled." At the risk of being as tedious as the Twaddler himself, we will again explain the absurdity of this statement. The charge of so high a rate of discount as 9 per cent, as a means of obtaining ready money for bills of exchange, is itself undoubtedly a grievance. With the commission of 1 per cent, commission, which was frequently charged at this time for bills having even a short time to run, the price paid for discount often amounted to 20 per cent, per annum. But the higli. price charged by the Bank and by discount houses for money, indicated that money had become scarce, that the supply ■was limited, and that therefore the price of the commodity was high. The City writer does not appear to understand the meaning even of the currency being contracted. On 6th November he says, " the public have now an amount of notes in their hands equal to any recent average." This was not the fact. The reserve of notes in the Bank was decreasing in every return, and of this reserve Lord Overstone correctly said, in his evidence before the House of Commons Committee, in July 1857 "the notes in the Bank of England are far more active in meeting the necessities of the public and the requirements of trade, than those which are anywhere else; it is the most active part of the circulation." The notes in the Banking department of the Bank of England are like those held by the London and Westminster Bank, or those held by any other Joint Stock or private Bank; they are part of the active circulating medium of the country. They are day by day available for the requirements of trade. The merchants and mill-owners of Glasgow, therefore, were in this position. They had to pay an extravagantly high rate of discount. That rate arose from the contraction of the circulating medium. That contraction was daily depreciating the value of all their commodities. The difficulty of converting their commodities into legal tender money, at any rate, was increasing. The still rapidly advancing contraction of the circulating medium pointed to a time when the conversion of their goods into money would be impossible; when we should have arrived at a state of barter. When under these circumstances they applied to the Prime Minister for relief, the flippant scribbler of a daily paper tells them that they have only 13s. 4d. per cent, for two months additional THE TWADDLE OT THE " TIMES," 135 to pay, and that if they cannot pay that " they have assumed a place to which from utter want of capital they are not entitled." The whole attempt at argument on this sulyect, on the part of the City writer of the Times, resolves itself into the most unmitigated Twaddle. Not a bit less ridiculous was the assumption, held out we suppose to frighten the Glasgow merchants into "honesty" that the suspension of the Act would bring about a time when the "creditors of the merchants and mill- owners, not only of Glasgow but of all England, would be compelled to receive payment of their claims, not in gold as contracted for (a G-lasgow merchant caring as little about a gold sovereign as about a Bank of England note which will not " pass "), but in notes intrinsically worth, perhaps " — observe the modest indefinity of the Twaddler ! — "perhaps 18s. or 20s." We know that nothing of the kind happened after the suspension of the Act in 1847 ; we know that nothing of the kind has happened in 1857. And th§ Twaddler assured British merchants, not a fortnight before, on the entire suspension of specie payments in the United States, that " supposing the paper issues of the banks, which are all based on the security of the State stocks, to be kept, as there is little doubt they will be, within limits not exceeding the actual requirements for carrying on the internal trade of the country, this paper will be maintained at par — that is to say, it would he talcen for its equivalent in English sovereigns or American eagles .'" If the Glasgow deputation quietly sit down under the imputations cast upon their " honesty," if they submit to be called " ignorant " of the first principles of commerce, and to.be misrepresented as "chiefly known from their connection with the Western Bank of Scotland," and to have their respectful solicitation for justice stated to be "got up expressly to disturb the public confidence in our existing laws "—if they patiently submit to these things from either a noble or ignoble writer in a public paper, then they certainly deserve to pay black mail to the monetary Rob Koy to their lives' end. The following day, November 10th, it was announced that the Bank had raised their rate of discount to 10 per cent. " Whether," says our friend in the City, " this movement will prove sufficient to check the determination of each discounter to provide himself with two or three times as much as he wants is doubtful." 20 or 25 per cent, is recom- mended as an antidote for this " unreasoning selfishness." Is it possible for anyone less prejudiced than this writer to believe that the most selfish and unreasoning merchant or trader would pay 10 per cent, for the means of meeting his engagements if he were not absolutely com- pelled to do so ? Oar Ttvaddler, then, with a fine dash of melo-dramatic gravity, worthy of the cause for which he sufiers, exclaims, " Thus far let it be recorded that the working of our currency system has been perfect, and has upheld us in a position to command the admiration of 136 THE TWADDLE OF THE " TIMES." the world!" Why should genius like this be confined within the narrow limits of Printing House Square ? On the boards of the Sv/rrey, amidst congenial spirits, such a glorious sentiment, amidst the thunders of applause which it was so well calculated to elicit, would have achieved its merited triumph! The closing scene was at hand. " This day" (November 12th) the great, the fatal day, big with the fate of Twaddler and the Bank Charter Act — " this day," says he of the Times, " has been the most anxious day in the City since the height of the panic in 1847." The Western Bank had closed, drawing down with it the City of Glasgow Bank ; more than a million of gold had in two days been despatched to Scotland. Sanderson, Sandeman, and Co. failed for upwards of £3,500,000. The demands at the Bank for disccunts continued to be excessive. We were approach- ing the state of things in America, when " in the opinion of calm lookers-on, another week ' was alone required to stop every house throughout the State." It was a moment to try the nerves of even the "prudent capitalist" and the "hard calculator." Lord Palmerston became serious. Sir G. C. Lewis awoke up, the Governor and Deputy- Governor no longer " continued blindly stubborn,'' Lord Overstone, in his philosophic retreat at Nottingham, shook his head and said very little. Like "the unrelenting Cafour" of Vathec, who "had a particular predilection for a pestilence," one man was found equal to the situation. Need we assure our readers that this man was Twaddler the Thunderer ? Still he denounced the " ignorant impulse of caution " of the merchants who would get money if they could. Still he assured them that " under any circumstances the Bank will continue to afford at the fair market price every accommodation it would ever have granted in the calmest times." Here was " a spectacle worthy of the gods '' — a great man contending ^yith adverse fate. Amidst " crumbling " Banks and ruined merchant princes, "the wailings of beggared manufocturers and the out- cries of distressed operatives, he still stood fast by " the Bill, the whole Bill, and nothing but the Bill ! " Still he poured forth his torrent of invective, misrepresentation, and abuse on the fallen merchant and the ruined trader. "Imbeciles! Don't I tell you it's only 6s. 8d. a month extra?" was his parting objurgation as he rushed from the Bank, and the messenger with the Ministers' Letter for the suspension of the act rushed in. The " most anxious day in the City " was at an end. The Twaddler sank into the peaceful repose of a brave and good man — his last thoughts as in infancy turned to himself, as with the muttered accents of mournful recollection he breathed forth the words — "at the cost of the consumer 137 THE ART SEASON. The Art Season is at its height. The great central Exhibition of the Academy is open ; the satellite Exhibitions of the Portland Street, Suffolk Street, and British Institution Galleries, and the two Societies of Water Colour Painters, are also open. Foreign Art is represented by the collection of French Paintings in Pall Mall, and the works of Eosa Bonheur in Bond Street, and by Carl Werner's Water Colour Drawings. Ancient Pictorial Art is only represented by the standing dish of the National Gallery — with its newest of new acquisi- tions; for the modern Paintings at the British Institution have not yet been displaced to make room for the annual Exhibition of the Old Masters. To" the collections enumerated we may add those which are constantly being thrown open to the public, for a few days, previous to sale, by the great picture dealers. London is at this moment, for the works of British artists, and for those works of Foreign artists which have found an abiding home among us, much the same that Leipzig is for the literature of continental Europe during its annual book-fair. To expatiate in detail on this busy world of artists and amateurs is a manifest impossibility in our limited space. Mr. Ruskin requires almost as much room for his notes on the Academy's Exhibition alone as a whole number of our publication could afford. And yet it is a tempting theme. Much might be said of the merits and demerits of artists ; much of the blended hopes and fears of a whole year spent in preparing a picture for the Exhibition; much of the chill of dis- appointment, the result of inability to learn whether it has made any impression at all ; much of the pride of amateurs in new acquisitions ; much of their complacency in getting rid of former [^ favourites," which have ceased to please, at the least possible loss of money. This world of art is a world of itself. It has its hopes and fears, its courtiers and its misanthropes, its speculative capitalists and generous patrons, its mere bread-seeking professionals and aspirants after fame, all the same as the political world, the literary world, the military world, and the Stock Exchange. Many is the tragedy and many the farce that is daily being enacted in its charmed circle. Year after year the denizens of this world of art are becoming more numerous in Great Britain. The schools of design are initiating even the humblest operatives into its mysteries. Various exhibitions of the works of amateurs have shown to what an extent art is cultivated bj' the non-professional educated clstsses. There is a wider public in our day susceptible of the charms of art than has ever before existed among us. The collections of ancient art and of foreign art accessible to the public are being augmented. All that is done in the National Gallery is not. susceptible of praise. Much money is wasted upon mere li 138 A QTJEBY FOR THEORISTS. curiosities — the works of ingenious men in tlie rude infancy of art. The time will come when such are required to complete the collection, but the great aim of the present moment ought to be to secure paintings valuable in themselves without reference to the time or circumstances in and under which they were produced. The first object is to create a national taste for art ; erudite criticism will come soon enough of itself. Till within these few years, English art had gone on developing itself from the time of Sir Joshua, little alive to foreign influences. The English school, as was strikingly illustrated at the great Parisian " Exposition des Beaux Arts," is strictly sui generis. For colour it is unrivalled by any modern school. English painters, like English poets, silrpass all others in landscape. But in every other charm but colour, and in «very other department but landscape — and perhaps portraits — it is deficient. Our Wilkies have been few and far between. And in what is called historical painting — in works calculated for the adorn- ment of public buildings — we have as yet only a great need. The encouragement recently held out in the ornamentation of the Houses of Parliament, has as yet done little more than awaken emulation, and show that our artists have everything to learn. So far, however, as can be gathered from this year's Exhibition of the Royal Academy, there is a moving among the dry bones. The principles of art stammered out before they were well understood by the young men already called Pre-Eaphaelites, have taken root in practice. Our artists are looking round them for a wider range of subjects. The publishers of illustrated works, and the amateurs of nice and cheap drawing-room pictures, are no longer the only patrons of pictorial art. Purelj' con- ventional reputations — like those of the present President of the Royal Academy — are fading away, and more vigorous natures are coming upon the stage. It is a period, indeed, more of promise than perform- ance, but there can be no doubt that a new and brilliant art era is dawning upon England. A QUEBZ FOE THEORISTS. Writers on " Currency" are frequently bringing forward as an un- answerable assertion, that we must have always a supply of gold at command to pay our balance to foreign countries when the course of exchange is against us, or our foreign trade will be ruined. Will you or any of your correspondents kindly inform us, how our foreign trade was carried on' from 1797 to 1815, when we had little or no gold, and how it could be that our exports and imports yearly increased durinf^ that period? Why the course of exchange was left entirely to mer- chants for their convenience in settling accounts with their foreign friends, and had no eflfect whatever on our domestic currency, and still the country was prosperous and contented; and why the measures of France or America, or any other country, should in the slightest degree aifect our monetary matters? An answer might enlighten us much. 139 NOTES OF THE MONTH. The absorbing event of the month has been the parliamentary debate on the proclamation of Lord Canning, and the despatch of Lord EUenbo- rough. The object of Mr. Cardwell's resolutions has been represented as a vote of censure on Ministers, which the Opposition deny; it is, however, certain, that had it been successful, either the Government must have resigned or Parliament been dissolved. The result showed that what is termed the Liberal party is completely disrupted; and it will require a skilful reorganisation before it again becomes influ- ential. The Conservatives are a compact body, well disciplined, and, no doubt, their escape from an expected defeat will inspire them with confidence, and probably add somewhat to their strength ; but this drawn battle, in which both sides were content to shirk a division, leaves the general policy of the nation in a state of irritating indecision ; and the hollow truce must soon be followed by a war of extermination: until that occurs no Cabinet can command a continuous majority. We had prepared a brief historical sketch of the debate, but as the proceed- ings within the House are graphically described by an eye-witness in a preceding paper, and the general question is discussed iu another article, we need only add that the circumstances which gave rise to the resolu- tions of Mr. Cardwell are the following. Mr. Bright put a question to Mr. Baillie, Secretary to the Board of Control, which elicited the following answer. After referring to the proclamation of Lord Canning in general terms, Mr. Baillie said, " It was, of course, taken into consideration by her Majesty's Government as soon as it was received, and a despatch was written, expressing the views and opinions with respect to it which the Government entertained. That despatch, as well as the proclamation itself, there can be no objection to lay on the table of the House. I may add, that the proclamation was not made in consequence of any in- structions which were ?ent out to the Governor-General from this country." Mr. Bright, not fully satisfied with Mr. Baillie's answer, wished to know what opinion Ministers had formed on the intended pro- clamation of Lord Canning, when Mr. Disraelli replied, " I think it right to take this opportunity of saying, that when we received notice of this intended proclamation, we took the subject at once into considera- tion, and the result was that we sent out a despatch to the Governor- General disapproving of the policy he indicated in every sense." This unqualified condemnation excited among politicians a lively desire to know the precise contents of the despatch. On the 7th of May the docu- ment vfas presented to the House of Commons unabridged ; in the House of Lords only extracts were given. On the 10th of May Mr. Cardwell gave notice of his resolutions condemnatory of the proceedings of the Government; and on the following day Lord EUenboroiigh resigned his 140 NOTES OF THE MONTH. ofEce as President of the Board of Trade. Why did his lordship resign? He stated in the House of Lords that it was original!}' intended to com- municate the whole despatch to both Houses, and the Secretary to the Board of Control had taken a copy of it with him to the House of Com- mons for that purpose; but at a later period of the day, and just before the House met, Lord Derby, Mr. Disraeli, and Lord EUenborough dis- tinctly agreed among themselves that extracts only should be given, it being deemed expedient that certain passages should be withheld. This arrangement, however, was adopted too late; and the Secretary to the Board of Control, not advised in time of this change of plan, laid the ■whole despatch on the table of the House of Commons. To atone for this indiscretion. Lord EUenborough, without intimating his intention to his colleagues, tendered his resignation to her Majesty, by whom it was accepted, and his lordship declared in the House of Peers that he alone was responsible for the publication of the despatch. On the 14th of May, when Lord Shaftesbury brought forward his vote of censure on the Government, Lord Derby, in the course of his replj', said : "The moment we discovered the nature of the paragraphs, we sought to exclude them, and we sent down a message to that effect to the House of Commons. When the message arrived, the Secretary of the Board of Control, in accordance with his promise of the previous night, had laid the whole despatch on the table. I regret that the whole despatch was produced, and, on the whole, I regret that any part of it was produced at so early a period. I do not regret the character or contents of the despatch ; on the contrary, I think the policy it indi- cated was a just, sound, and necessary policy, and that we should have neglected our duty if we had not taken the earliest opportunity of enforcing that policy upon the attention of the Governor-General, more especially at a moment when we feared the Governor- General was going to abandon it." The passages in Lord Ellenborough's despatch which the Earl of Derby •' would have suppressed, related to the annexation of Oude. Lord Ellen- borough himself avowed that he intended them for the private perusal of the Governor-General, in an admonitory rather than in a re- proving spirit. One of the most prominent actors in the scene is Mr. Vernon Smith, President of the Board of Control, under the administration of Lord Palmerston. After his retirement from office he received a letter from Lord Canning, which contained the following passage: " I intend to issue a Proclamation to the talookdars, the landed proprietors of Oude, which will reach you by this mail. I had hoped to accompany it by an explanatory despatch, but more urgent business has prevented my doing so from hour to hour." Lord Canning wrote this letter, being ignorant at the time that the Governmnt of Lord Palmerston had NOTES OF THE MONTH; 141 been overthrown. The custom is that when a Ministry is displaced, and a new one installed, those who have retired hand over all letters relating to the public service to their successors ; and it is plain that many such letters must arrive from our distant possessions before the writers can be aware of a change of Government. Lord Clarendon has acted on this rule, and forwarded all documents addressed to his department to his successor, Lord Malmesbury. On what ground then was Mr. Vernon Smith justified in withholding Lord Canning's letter from Lord Ellei)b(*fough ? It could only be on the ground of its being a strictly private letter, not relating to public business ; but the extract, just cited and tardily given, proves that it was not a private, but a public document. On the lith May, when Lord Shaftesbury brought forward the vote of censure in the House of Lords, the Lord Chancellor commented with well-merited severity on the conduct of Mr. Smith in withholding Lord Canning's letter from Lord Ellenborough, observing that the despatch of the Government to the Governor-General was not sent out till the 26th of April, and Mr. Smith had received the letter eight days before that date; so that if it had been at once sent to Lord Ellenborough, it would have reached him in ample time to have enabled him to modify his despatch. But Lord Ellenborough had received no intimation whatever that Lord Canning intended to write a document explanatory of his proclamation. He had nothing before him but the proclamation, and he was alarmed lest its publication should drive the people of Oude to despair, and protract the rebellion to an indefinite period. His accusers permitted him to remain in ignorance of an official document, and then reproached him for the severity and causticity of his reprimand. Had they acted with honour, he might have suspended his judgment till he had read the proclamation, and the evil complained of might never have occurred. The debate in the Commons was rendered the more perplexing on account of the mode in which it was conducted. Mr. Cardwell argued exclusively on the despatch, ignoring the draft proclamation which Government had received on the 12th of April, and which had called the despatch into existence. The Ministers dwelt on the proclamation. The former declared that Lord Ellenborough had paralysed the arm of Lord Canning; the latter avowed that the menace of confiscating all the proprietary rights of Oude, those of six individuals alone excepted, rendered the restoration of peace impossible. Thus issue was not joined on any single point, and the debate became discursive in cha- racter. Conflicting opinions spread disorganisation through the Liberal camp. When they first made their onslaught they made sure of a majority of 80 or 100, which would have rendered the threat of a dis- solution of Parliament impossible of execution. As the debate pro- 142 NOTES OF THE MONTH. ceeded there were unmistakable signs of disaffection. The confidence of Sir William Hayter declined from day to day, and nt length the celebrated whipper-in, driven to despair, revealed to his chief the weakness of their ranks. It is stated in the Morning Herald, the great Conservative organ, that not a single Derbyite member was absent from his post. Independent members vainly implored Mr. Cardwell to withdraw his resolution ; to the last hour he refused, sanguine of victory, and hopeful of his promised reward — the Presidency of the Board of Trade. At length. Lord Palmerston, assured of defeat, asked his coadjutor not to press a division, to which the obsequious Mr. Cardwell instantly acceded. Thus terminated this protracted discussion, to the discredit of the foresight of the Whig party, but to the honour of the advanced Liberals, who displayed their independence. Ministers have retained their seats, not through Conservative strength, but through an unexpected alliance. The only one who can claim a triumph is Lord Ellenborough. He stated in his despatch: — " We desire to see British authority in India rest upon the willing obedience of a contented people. There cannot be contentment where there is general confiscation. Government cannot long be maintained by any force in a country where the whole people is rendered hostile by a sense of wrong, and, if it were possible so to maintain it, it would not be a consummation to be desired." To these sentiments we entirely subscribe, and we hope that a new era is about to be opened in British India. The only method of quelling rebellion is to take away the motives to disloyalty. Let the natives feel that we are their protectors, not their oppressors, and no future Nana Sahib will raise the standard of mutiny. The monetary and commercial transactions of the past month have been of a very quiet character. Confidence, according to Lord Chatham, " is a plant of slow growth ; it is also one of tender constitution, easily damaged and with difficulty restored." The panic, although almost forgotten by the majority of the trading community, has left its sting still rankling in the wound it inflicted upon commercial confidence; and the paralysis that ensued is but slowly abating. In the meanwhile the grand cause of this general relaxed state of things, the Bank Charter Act of 1844, and its influence upon the commerce of the country, is tabooed in Parliament by being placed under the investigation of a " select Committee of the House of Commons;" Heaven only knows why or wherefore, except to gain time ; for certainly no new hght can be thrown upon it after the dis- closures of the Committee of 1848. Since our last " Notes," the state of the money-market has exhibited no material variation. Money has been abundant, because trade is dull, and the demand without activity. The rate of interest maintained NOTES OF THE MONTH. 143 by the Bank of England throughout the month has been 3 per cent., whilst out of doors, good bills have been done at 2i to 21 per cent. We subjoin a statement of the imports and exports of the precious metals for the four- weeks up to the 19th ult. inclusive. Imports and exports of the precious metals for the four weeks from April 21st to May 19th inclusive. ^ IMPORTS. Gold. Silver. Total. April 28t.h 186,134 26,531 212,665 May 5th 116,766 21,123 137,889 „ i2th 159,539 138,408 297,947 „ 19th 1,345,652 79,620 1,425,272 £1,808,091 £265,682 £2,073,773 EXPORTS. April 28th 393,500 74,795 468,295 May 5th 221,256 108,641 329,897 „ 12th 462,195 108,452- 570,647 „ 19th 477,203 8,355 485,558 £1,554,1.54 £300,243 £1,854,397 This statement gives an excess of imports over the exports of only, £219,379 out of an aggregate of upwards of two millions. In the meantime the bullion in both departments of the Bank has decreased to the extent of £747,770, as will be seen, thus; April 28th £18,674,750 May 22nd 17,926,980 Decrease £747,770 The fluctuations in the public funds have been trifling throughout the month. Consols which on the 30th April were quoted at 97|- to 97| for money, were on the 22nd May at 98 to 98^ being an improve- ment of about I per -cent. The Indian loan of £5,000,000 has met with considerable favour and the scrip is at small premium. Smaller bonds were, on the 22nd at a premium of 21s. ; almost all kinds of Government securities have remained without any material fluctuations. In foreign stock there has been but little change during the month. The unsettled state of things in France, and the rumours of large and increasing deficiency in the revenue of that country, have thrown a dullness over the Bourse, and caused a tendency to declining prices. The railway share-market which at the beginning of the month showed a disposition to improve, became less active towards the close, with the exception of a few of the lines; and some have declined. The weekly traffic returns exhibit a falling off in the receipts as compared with those of the corresponding weeks of last year. The London and North Western and the Great Western shares have declined 1 to 1 1 per share. 144 THE BANK CHARTER ACT. Foreign railway stock have been quiet but firm. The French lines generally are paying well, and the shares are at premiums. The corn market has been well supplied with both English and foreign grain, and remains nearly in the state it was in at the com- mencement of' May. All attempts to obtain an advance on the part of the merchants have been rendered abortive by the determination of the millers not to give it, and prices have remained nearly the same throughout the month. In connection with this fixity of prices in almost all departments of trade, it is worthy of remark that the circulation of the Bank of England has remained almost the same throughout, the highest amount on the four weeks being £21,415,311 on th3 5th and the. lowest, £21,133,855 on the 19th of the month. TO COREESPOWDENTS. " Shelley, and the Poets of his Age," and two or three brief literary notices, are unavoidably postponed till our next Number. " S. N." will observe that we have availed ourselves of one of his notes. Correspondents should favour us with their names and addresses, or we cannot take notice of their communications. Books for review, and communications for the Editor, should be ad- dressed " To the Editor of the Money Bag," care of Mr. Oakey, No. 10, Paternoster-row, London, E.G. THE BANK CHARTER ACT " CONVEETIBILITr." BANK BETUKN OP MAY 20th, 1858. LL-VBILITIES. Notes Issued £31,634,700 Deduct, held by the Bank 11,351,770 20,282,930 Public Deposits 4,735,910 Other Deposits 13,972,353 Seven Days and other Bills 850,425 39,841,618 ASSETS. In the Issue Department: Gold Coin and Bullion £17,159,700 In the Banking Department: Gold and Silver Coin 767,280 17,926,980 Balance which the Bank could not pay, on May 19th, 1858, in gold or silver £21,914,638 145 EDITH CLABEL: A STOBY FROM THREE POINTS OP VIEW. CHAPTER VIII. {From the Pinh BooJc.) EXPECTED GUESTS. We have now been here five days. The house is quite revived and rejuvenated. We have got some brand-new swans, who keep sailing restlessly up and down the canals, and round and round the moat. They arrived yesterday in a hamper, poor things. They seem very frightened and wild, and would take no notice of my attempts to conciliate their ac- quaintance by bits of broken toast out of the library-window after breakfast. Tliey only snorted and paddled away, with disdainful, side- long glances over their fleecy backs. Some of our company are to arrive to-morrow — ^Lady Theresa Tre- maddock, with her son and daughter, Marmaduke and Maud. They are what are called country neighbours in this singular island of distant sociabilities and sociable distances. They live about three-and-twenty miles from Caercombe, on the borders of Cornwall. We were introduced as country neighbours in Rome. Lady Theresa has been very civil to mamma, and I fancy has designs on me for her son. Am I not an heiress worth looking after, with this fine old place ? However, I don't like the Tremaddocks much. I am afraid her lady- ship is a palavering old woman, half douaeweuse, half patronising in her manner. The daughter is full of affectations, and Marmaduke is a bumpkin thickly varnished. He is a tall, gaunt, ungainly man, with red hair and high cheek-bones. He has a coarse, clumsily-made mouth, which he perseveringly excruciates in efforts to smile with a refined expression. He is equally unsuccessful in his attempt to look amiable, with shy, shapeless eyes, under heavy, sulky brows. What his natural voice may be I have no means of even guessing — perhaps it is as raw and uncouth as his natural man. All I have ever heard of it is, a gentle, husky, subdued croaking, with which he takes great pains to no purpose — -just as a creaking door only creaks the worse the more pains you take to open or shut it softlj'. His movements, like his voice, are excruciatingly constrained. His elbows seem to suffer under a perpetual consciousness of the imminent No. 3.— Vol. I. m 146 EDITH CLAKEL. vicinity of valuable porcelain. He creeps, sidles, and skates about delicately, and looks at his feet, as if the pattern of the carpet were laid together of artificial flowers, and he were in bodily fear of deranging it. I don't know why I should have done Mr. Tremaddock the honour of describing him at such length in my journal, for his portrait is certainly not ornamental. Papa had a note this morning from Mr. Denzil, saying that he and Mr. Knyvett will be here on Monday. To-day is Friday — that is one, two, three days. Am I impatient that I count the days ? Am I begin- ning to be in love with Mr. Denzil ? I hardly know how I have ventured to put myself so indiscreet a question, even in the confidential pages of my lock-up book ! There have as yet been very few secrets between my heart and these faithful records of its history. But now I have gone so far I will confess to thee, oh my most intimate volume, that I have not imparted to thee all I have felt lately with the same unreserved candour as before my acquaintance with Mr. Denzil. Is that itself not a sign ? And is not the queer, cramped style of medicBval sentimentality into which I have been betrayed, apostrophising my lock-up book, a sign ? I am ashamed to confess to myself now how many times in the day I think of him — what slight clues of association remind me of some- thing he has said. Sometimes he comes into my head on no better pretence than, " What would Mr. Denzil think of this or that or the other circumstance ? " on which Mr. Denzil's opinion has no particular business to be of any importance to me. I suppose it is wrong to like people too suddenly — especially wrong for young ladies. We, poor innocent creatures, are apt to catch at some point of sympathy, which our inexperience may make us fancy much rarer than it really is, and then set about framing a character to match, almost entirely out of our amiable imaginations, concluding that the whole must be consistent with the foolish little bit we have discovered. What do we know of men's character ? How can we tell how much evil may coexist with the appearance of pure and noble sentiments ? Men do not precisely play a part before us ; but from their infancy they are trained to veil the baser portions of their nature from the eyes of women. The characters of English gentlemen go about in society as carefully disguised as the countenances of ladies in Constantinople. It is as difficult to choose a husband for his virtues here as a wife for her beauty there. Still no deception can last very long. Stormy weather comes sooner or later. The veil is blown flat to the features or over the head, and you are much oftener disappointed than otherwise when you see the real in its unsymmetrical completion. EDITH CLAREL. 147 We knew Zuleikha's • dark-fringed eyes, classic nose-bridge, her alabaster strip of forehead, and the shell-tinted margin of her damask cheek ; but who ever would have guessed that the flowing uncertainty of her yashmak concealed pulpy, unmeaning lips, rabbit's teeth, and such a shapeless chin ? But as the prettiest of the Turkish women are said to wear the most transparent veils, it seems to me that the men of noblest character have the least disguise of reserve and affectation ; or as men whose figures are naturally good, do not cramp themselves with stays nor encumber themselves with padding. All affectations must be confessions of shame or weakness in some part of the character, which its owner thinks it advisable to cover with a pretence. And how full of affectations men are — just as much as women ! There is not one man in ten that speaks in his natural voice, without some tone adopted from some one else, and so badly imitated as to betray at once that it is an imitation. Not one in fifty moves, laughs, listens, without some imitative element of manner (or self-conscious distortion of what should be left to nature), which is a grimace. Grimaces may be more or less skilfully performed, but they are no less grimaces if the face or frame is consciously and intentionally put into some shape which their wearer deems appropriate to the occasion of the moments. For instance, Mr. Knyvett's expressions of interest, which he performs with great skill on a very handsome and pliable set of features while I am talking to him, are as much grimaces as Mr. Tremaddock's gauche attempts at graceful attitudes. What a difference there is in the way men talk to you ! Mr. Tre- maddock is entirely occupied with himself, and his laborious endeavours to make a favourable impression. He distresses his voice, chooses his words, and is painfully careful of his grammar ; so that his conversa- tion seems like Madame de Genlis's dialogues, interlarded with the dullest half of what one has already read in the papers and reviews. I am convinced he could do it just as well to his looking-glass or a stone wall. He talks to everybody alike. His companion has no influence on him whatever. He is always doing polite conversation in a carefully correct style. I think if by any accident an original idea^as to strike him, he would be seriously alarmed. Mr, Knyvett does not so much talk to me as encourage me to talk to him. He treats me as if I were U delicately-constructed conversation- machine (something on the principle of a musical snuff-box) which any incautious handling might easily put out of order. He listens to me attentively — not as if the things I said interested him, but as if I myself was the object of his curiosity. I often see by his face, through all its complaisant expressions of sympathy, that he thinks my profoundest l-iS EDITH CLAREL. theories mere pretty nonsense in half notes of thought. He adopts an attitude of patronising superior wisdom, as if he were some great musical composer listening to a foolish little bird, singing, sweetly enough in its simple way, without the slightest reference to the science of thorough bass. I used to think Mr. Knyvett much deeper than I do now. Very shallow pools will sometimes look deep if the water be dark-coloured and calm. But when a wind ruffles the surface the ripples break on shoals which did not show in the still water. I have now and then fancied lately — but that is no matter, I shall see how that is better when they are both here together. Then there is cousin Ambrose, who is very watchful of both himself and me; who always seems as if he was playing some critical game of skill with a mysterious air of artificial frankness. He studies the effect of all he says, and watches it in the expression of one's face, but with a sly, side-long observation, as if he did not wish to seem over-vigilant. Then he listens shrewdly to all one, says, and often warps its meaning away towards some avenue to bring in something he has made up his mind, beforehand, to say if an opportunity should occur. But he so often discovers his premeditation by forcing the opportunity, that his talk gives one the impression of being even more artificial than perhaps it really is. Mr. Denzil talks to me without any effort, or constraint, or watchful- ness, or suspicion. He makes no pretence to preserve an attitude of superior wisdom. He has neither a lecturing nor an obsequious tone, which cousin Ambrose contrives to combine. He talks with perfect confidence that he will be understood; and when I speak to him, my thought seems to flash into his mind almost before the words have left my lijjs. Most of the clever men I have met had minds like the glitter of cut steel — highly polished surfaces reflecting the exterior world. His mind seems like a diamond, bright throughout, and lit with the prismatic gleams of an original fancy. I wonder whether he seems the same to all young ladies. I think Maud Tremaddock will fall in love with him, and I shall see how he behaves under those trying circumstances. She will flatter him with a florid enthusiasm that will be very useful to show me if he is vain. I remember when she was in love with Lord Lespervier in Eome last year, before I was fairly come out. It was the first specimen I had seen of an English young lady desirous to be married, and it rather surprised me at the time. EDITH CI,AKEL. 149 CHAPTER IX. {From the Pink Book.) THE SECRET PASSAGES. I HAVE discovered the secret passages. Two or three nights I have passed an hour or so ferreting about the pale lady's chamber. There was nothing to be found that showed any signs. It -was evident that nothing short of a real ghost could go through tapestry without leaving a mark. So my first researches were devoted to the panneling beside and behind the window-shutters. Then I thought there might have been some means of lifting up the tapestry ; but it all proved to be tightly fastened down beneath a low rim of wainscot surrounding the room. I thought perhaps a strip of it, between the fireplace and the tall mirrors, might be stretched on a framework, appearing externally to be only a part of the oaken moulding which was nailed round the edges of the tapestry, so that the whole strip and rim might be drawn out bodily on an unseen hinge at the top. But though I got on a high chair with my candle, and examined the mouldings on either side of these two strips, I could find no break in the wood. Afterwards I tried the mirrors, of which I had at first great hopes, fancying the glass might move inward on an internal hinge; but when I had severely scrutinised them, and pressed my thumb upon every knob of the carved ebony frames for a secret spring, I gave up the mirrors. I even looked behind the portrait of the pale lady herself. The tapestry was less faded where the picture had covered it, that was all. The dark oak floor nowhere showed any signs of a trap-door. In short, the thing seemed hopeless, and I resolved to trouble myself no farther with so fruitless an investigation, I turned to the picture. The features of the pale lady seemed to wear a faint sneer of derision. The face alone was distinct, and the deep, liquid, searching eyes were upon me. The dark background, and the sad coloured drapery of her robe, blended and confused in the twilight of my single candle, gave something dim and spectral to her appearance. Almost at the same moment my own reflection in one of the tall mirrors caught my eye. There certainly was a strong likeness. " If I were to dress my hair like that, and put on one of her own old dresses, and powder my face, I should make a most excellent ghost of the pale lady myself," thought I. So I went back to my room and got the queer old keys of the carved walnut presses, which keys, after some hesitation, Mrs. Cruett had made over to me two or three days ago when she came with me to look over the 150 EDITH CLAREL. ancient wardrobe. I provided myself, at the same time, with a brush and comb, hair-pins, bandoline, indian ink and a paint-brush for wrinkles, and some camphor and chalk to whiten my face. The heavy, deep walnut-press stands in a recess, which it fills, between one of the tall mirrors and the window. The doors open from top to bottom. Within there are drawers below, and shelves above on either side. There is an empty space in the middle, with large square wooden pegs to hang dresses upon. I got several dresses out of the drawers, and selected something like a wrapper (I think it used to be called a sack in ancient days), with large loose sleeves scalloped at the wrist, and trimmed with ruches of the stuff. The material is like gros de Naples, of a deadish fawn colour, shot with a pale purply grey, which probably was violet before it faded. I hunted out a pair of quaint old cuffs, and a Vandyke collar attached to a kind of habit-shirt. These were all of the " oouleur Isabelle," and' very limp, but not the less picturesque. I did my hair something like Henrietta Maria. When I had whitened my face and painted my wrinkles, I looked at least five-and-thirty, and so very ghastly an object that I succeeded in making my flesh creep by scowling at myself in the mirror with fiendish grimaces of horror and remorse. So that I began to wish I had some- body else to frighten. When I had satisfied myself with my solitary pantomime, as it was very late, and as, moreover, the dresses were very much crumpled by lying so long folded in the drawers, I thought it would save trouble and take out the creases a little if they were to hang on the pegs. In hanging one of them hastily my Maltese filigree bracelet got entangled in the braid, and (having the candle in my other hand) while I was fumbling at it to get loose without taking the dress down again, my foot slipped on the polished walnut base of the press, which is raised some sis inches from the floor in a step. Clutching instinctively at the peg to support myself, I let go of the candle. It fell and went out among the rustling folds of the dress, which slipped away, pulling the refractory bracelet off my wrist. A good deal of my weight caine upon the peg. It creaked, seemed to turn in my hands; there was a grating click like that of a rusty latch; the back of the cupboard yielded before me, and a draught of cold, but not fresh air — in fact, of a mouldy, vault-like smell — blew in upon me. I was naturally rather surprised and alarmed, so that in my retreat I forgot all about the slippery wooden step behind me, and fell backwards all of a heap, my feet being besides entangled in the silk dress, which had slipped down. I was a little hurt, and a good deal frightened ; but when I found that nothing supernatural came of it, I gathered myself up, and groped in the EDITH CLAREL. ] 51 dark to my own room, unfortunately upsetting the coal-pan (with a clatter that echoed through the corridor) in the corner, by the draivinff- room door. I lit my candle without loss of time, and taking a box of matches with me in case of further accident, returned, not without something of a shuddering, stealthy, guilty feeling, to the tapestried chamber. " For," said I to myself, "what is there to be afraid of ?— and it won't do to leave it, in that state, with my dress lying about, and the entrance to my secret passages open." The room was as I left it: the door which formed the back of the walnut-press swung half-open. I went in with my candle. There was a narrow passage to the right, and a narrow stair to the left. I de- scended. After eight or ten steps there was a level bit again, where the passage went below the window. Then other steps rose again, in the line of the exterior wall; and a second and still narrower stair turned down inwards, at right angles, apparently inside of some par- tition wall. I went up again, not being disposed to pursue my discoveries in this direction, as the lower storey is much more thickly peopled. In the upper storey I need only avoid papa and mamma, who live quite on the opposite side of the house. The contrivance for opening the secret door was very simple when' one knew it. The thick mahogany peg, coming out at the other side of the door, had a strong wire-wound fiddle-string attached to it, so that when the peg was screwed round, the cord winding itself shorter pulled up the latch. The peg fitted very tight, and unless my weight had come upon it, and against the door, in my struggle not to fall, I might probably have never applied force enough to move it, even if I had ex- amined and tested the interior of the press as closely as other parts of the room. I found, too, that the key-hole of the outer door of the press went through, so that it could be locked from the interior; and I felt- ashamed of my stupidity in not having observed this before, and drawn a consequence from it. However, I now resolved, if possible, to make my way to some other exit; so I gathered up my combs, and brushes, and things, and made a bundle of them in my own wrapper (for I still had on the pale lady's dress) ; I stopped a moment to consider the geography of the house, and the length of the corridor, and "decided that about seventy feet to the right would bring me in a straight line to the library corner of the house. So I locked the door of the press from the inside, and went along the narrow passage, which sunk in steps under several windows — passed several doors, of different shapes and sizes, with various contrivances for their latches — till, after counting fifty-eight paces, I came to a square 152 EDITH CliAREL. low door opposite me, and a turn to the right. I knew this door must lead into the library, so I lifted the latch, and pushed the door, which opened about an inch, and stopped against the back of a heavy book- case. I closed it again, and tried the turn to the right, which soon brought me to a tall narrow door on my left. The latch of this door was attached by a long slender wooden crank to a small sliding panel, near the top of it, which was forced up as I lifted the latch. This door opened inwards, from the side panelling of the library doorway, and could be opened from the outside, by pressing that small panel upwards. I had satisfied myself that I was mistress of its mechanism, and was just about to shvit it up, when the drawing-room door opened at the other end of the corridor, and out came Mr. and Mrs. Cruett. They had, no doubt, heard the upsetting of the unlucky coal-scuttle, for their room is underneath, and had come up to see what was the matter. My heart leapt, and my feet seemed nailed to the floor, and I felt dreadfully ashamed of being detected; but, as they started and stared, and seemed infinitely more aghast than I was, I had time to reflect that if I vanished unaccountablj' I should certainljr pass for the pale lady's ghost. So I quietly went in at my secret door, which, from tlieir point of view, must have looked like walking sti-aight through the wall. After T had vanished, Mrs. Cruett found her voice, and screamed. A moment or two afterwards I heard them bundling oiF; and as soon as I felt sure that the coast was clear, I came out, shut the secret door, and ■went back to my own room. I looked up my costume in one of my travelling boxes, which I had some difiiculty in getting out from imder the bed. I could not get to sleep for a long while, thinking what might come of this, vifhich would, no doubt, be related by the witnesses as a most circumstantial appaHtion. And when I did go to sleep, I had all kinds of confused dreams, in which Mrs. Cruett, the pale lady, and myself seemed to dance u most intricate and interminable reel with Mr. Denzil, cousin Ambrose, and Mr. Knyvett, for partners. The only thing I remember distinctly this morning is, that Mr. Denzil neglected me, and attached himself, with what I thought a very indis- creet preference, to the pale lady, and persevered in dancing with her when he ought to have changed to me. And, moreover, he looked at her with looks that I thought belonged only to me; so that I felt very angry, and thought several times, when they came near, of whispering to him that she was a wicked ghost, and not a real woman at all; but just when I was going to say it, the pale lady always caught my eye, with a strange sad kind of sneer, and prevented me from opening my lips. EDITH CLAllEL. 133 CHAPTER X. BY THE EDITOR. The reader has had a fairish slice of the Pink Book, which, if he has had patience to read it, will have given him a better insight as to what sort of a girl the fair Edith was, and a more vivid idea of the general position of affairs, than I could have done any other way than by quoting it at length. I thought at first of pruning it down a good deal, but found it difficult and tedious work cutting out the unimportant parts which did not seem to affect the story directly. So I have let it alone ; and as the readers of this biography will be mostly young ladies, they may possibly find a relevancy and interest in particulars which to the obtuser male mind appear devoid of either. Denzil went down to Caercombe on the appointed day. I was to have gone with him, but my bets turned out even worse than I had expected, and I had to settle with some disagreeable customers. Denzil could only lend me seven hundred and fifty, and I wanted over eleven hundred. I think the prospect of matrimony began to make him a little careful. So I had to try the Hebrews, who but that does not concern the story.' I had rather have been down at Caercombe from the first, as things appeared likely to come to a head much more readily than I expected. I had anticipated that he would be a difficult man to marry, and had calculated on my own power over Edith to retard or encourage the transaction as I thought fit. Certainly, most men I have known could be talked in or out of love by their confidential friend saying, on all proper occasions, and in a variety of paraphrases, " She is, indeed, a lovely creature," or, " She is, indeed, a heartless minx." But these two fell in love in a manner beyond all calculation of odds. I brought my couple together, and lost all management of them directl}'. However, I took measures to be well informed of how things went on. I made Denzil promise to write, though I knew he would only give a nebulous account : still clouds will sometimes show you which way the wind sets. For detail, I relied on Sapin,his Swiss valet, a most intelli- gent scamp, who has his eyes about him, and can tell you what is taking place on the superficial level of the earth in his neighbourhood more accurately than many of his betters. I had always been liberal to Monsieur Sapin, and, besides, had a hold over him, so that he loved me, and feared me, at least as much as he loved my money and feared to lose his place. Denzil thought Sapin as honest and noble-hearted as he was intel- ligent, principally because — like any other rascally Swiss— he could talk 154? EDITH CLAREL. enthusiastically about mountains, 'tell stories about chamois hunting, and sing the " Eanz des vaches." I knew him better. It may not, perhaps, be time thrown away to relate the circumstances by which I was enabled to hang the sword of Damocles over Sapin's wages and perquisites. They are characteristic of both master and man. Still, as it has nothing to do with the present narration, and will take the impatient reader out of the current, whoever objects to episodical excrescences, and is willing to take my word for Sapin's villany, may skip the story of THE STARVING PAINTER, OR QUID VALET VALEAT. One day, as Denzil and I were walking in the outskirts of Fiesole, a sharp shower came on, and we took shelter in a cottage. We were courteously received by a poor artist, who seemed to be living there very wretchedly on what he made by rather pitiful oil sketches of the scenery about. We had often seen samples of the same handiwork exposed for sale at low prices, to attract tourists — things that one wondered if anybody could possibly be stupid enough to purchase. However, the man and his family had an air of well-bred hunger, which at once interested Denzil; and the artist, when properly pressed, after a little graceful embarrassment, told his pathetic story in very choice Italian. And the pretty, faded wife dropped a tear — and the pretty, lean children gathered round their father to listen with earnest faces, in a picturesque group, just as if it was a thing they were not accustomed to hear. In short, Denzil's sympathies were profoundly moved, and he felt in his pockets for gold pieces. However, either the gold pieces were not there, or he thought it might be better done indirectly. So he pre- tended to take a great interest in the largest, most ambitious, and unsaleable of the unfinished pictures, which he said he would send and purchase in a few days, if he would finish it up. Next week accordingly he sent Sapin with thirty sequins. The picture was brought home with a letter of thanks in the most classical, florid, and grandiloquently obsequious Tuscan. I saw he was disap- pointed with the letter. I looked at it. Now it happened that when we had been in Florence the year before, I had occasion to cause Sapin to find me a man who could write love- letters for me to the fair Augusta Frangini, then a likely singer, who lately went to America, and married a banker in Baltimore. Italian handwritings are much alike, but there was a peculiar trick in the flourish of some of the capital letters which remained in my memory. " Oh, ho !" said I to myself, " this is the work of Sapin's distressed author, not Denzil's distressed artist." EDITH CLAREL. 155 I said nothing ; but in a day or two I rode to the artist's cottage. He received me coldly, and I saw by his face I was right. " My friend," said I, " did not intend his servant to drive so hard a bargain. He was shocked to hear how little had been paid for the picture, which he esteems a masterpiece. I forget what the sum was, but the rogue must have beat you down shamefully." " He did, indeed 1 God knows I am not exorbitant in my prices ; and if I had been selling to a dealer I might have been glad even of the price I got; but after the interest and the sympathy your i'riend expressed, it hurt my feelings to be so hard pressed. And, indeed, if it had not been for hunger, my pride would have refused to sell the picture. But pride cannot long listen to the cry of children for bread. Besides, I laboured many days on that picture (not as I work away on the ordinary ones to get them done, lest we starve), but with love. For, till I lost hope, I thought to get it into the Academy ; and then, when your friend re-encouraged me, I strove to make it worthy of his gene- rosity. But, alas ! my hands lose their craft — my spirit is wasted in a sordid struggle with penury. I thought, at least, I should get ten or twelve francesconi, and the man bargained an hour, and would only give me seven." So Sapin had modestly contented himself with about six and twenty out of the thirty sequins, and had probably spent a few coppers with his friend the distressed author for the florid T uscan letter. I was very glad to have caught Sapin tripping, for he was such an acute knave that he very seldom left himself open ; and I had long seen he was a man to be secured. Servants, especially confidential valets and ladies' maids, are a most influential engine still, though they no longer talk to their masters and mistresses quite as they did in Tom Jones's time. I was sorry for the poor devil of a painter ; so, as I owed him a turn for being the innocent means of unbagging Sapin, I gave him a few sequins, as from Denzil, over and above the bargain, which, after a slight show of declining, he, of course, accepted, and I thought I came ofi" best of anybody in the transaction. I shall never forget Sapin's face, when, on a subsequent occasion, he objected to some- thing I proposed on " conscientious scruples,'' and I told him what I had done in the case of the artist of Fiesole. In that conversation I remember an epigrammatic observation of Sapin's, which showed the shrewdness of his philosophy. I had wondered at his indiscretion — " For," said I, " supposing your master had revisited the artist's cottage ?" " Point de danger," he replied, " my master is generous, even to the indiscretion, but he pursues almost never his benefits. The recon- 15fi EDITH CLABEL. naissance genes him, and the remercimens make to him fear. My master is optimiste fort peu assure. Perhaps that it pleases him not to discover the lie where he hopes the truth. That is what arrives often to the amateurs trop investigateurs of the gratitude humaine. My master is man of talent ; his sole default is that he have too good heart. It se prete hii-meme a sefaire tromper, en voulant se figiirer que tout le monde est 1)011 comme lui, pauvre cher enfant." Three or four days after his arrival at Caercombe, Denzil wrote me a letter, which I kept, and have found, in order to insert it here, after considerable rummaging among my papers. Inside of it I had stuck one from Sapin, which probably came by the same post. denzil's letter. " Caercombe. " Dear old fellow,— I am far from being disappointed with the place. It is quite as feudal as you represented it, but not^ near so gloomy. You saw it in its desertion. But, with a lively party in it, and young voices echoing through the corridors, I am sure you would hardly know it again. I hope you will soon be able to come and convince yourself that we are by no means so dull and mediaeval a household as you imagine. Nevertheless^ I feel the want of you, not only for your society in hours of confidential smoke, and for the benefit of your acute observation and sagacious counsel in the conduct of my suit (for suit it is), but also to take off Miss Tremaddook's attention. Whether it be that I am the only young man, except her ungainly brother Marmaduke ; or whether she wishes, by occupying my attention, to leave a clearer field for Marmaduke to perform his zigzag approaches to the fortalice of the fair Edith's affections ; or whether both these motives combine with others I wot not of, the fact is so. She is like an army of observation, a whole host in herself. She is in possession of all bridges, passes and defiles of the garden, and turns up, always at the wrong moment, from behind the yew hedge, or from among the rosebushes and geranium pots. Then she has Marmaduke in ambush somewhere, got up in the shiniest boots and most spotless lavender gloves — primed with volumes of the dreariest prose. " The worst of it is, that Edith seems to enjoy my confusion, and mis- chievously encourages Marmaduke, who, being an obtuse individual, does not perceive her amiablv persiflage. In the meantime I am despe- rately in love, and she sees it. Indeed, what is there she does not see with those searching, spirit eyes, which coax one's inmost thoughts out of their hiding-places, so that it becomes impossible to keep one's coun- tenance over any of the little conventional insincerities of life in their presence. " I know you will say it is totally contrary to all sound theories of EDITH CLAREL. 157 love-mating to show one's hand in the early stages of a courtship ; that it is a shameful thing for a man to fall in love in such indecent haste ; and that a young lady's curiosity should be kept on the stretch to discover whether there really is anything in it, until curiosity has had time to deepen into interest, so that there really is something in it on her side as well as your own ! " But what is the use of theories ? In practice your theories only occur to me as soon as I have done something which, according to theory, I ought to have avoided, or have missed an opportunity I ought to have seized. " The distressing part of my case is, that she wears no disguise over her own sentiments. If she did I might imagine them anything my sanguine fancy chose to represent. Her hea,rt is as clear as air, and as free. " Still she takes a pleasure in me, as an intelligent child does with some ingenious toy of which it is investigating the mechanism, usually very much to the toy's disadvantage. She is greatly amused with my difficulty in keeping decently civil to Tremaddock when he interrupts our conversation with some stupid remark, in which she maliciously delights to discover and answer some subtle meaning totally foreign to his intention. She is equally delighted with the faint efforts I make from time to time to seem deeply interested in Miss Tremaddock. I cannot awaken a spark of jealousy, and Miss Tremaddock becomes oppressive beyond measure. ' Cousin Ambrose ' relieves me of her a little now and then. They are well matched. His pompous and glossy urbanity, with her flattering, over-expansive enthusiasm of pseudo sympathy, make it quite a genteel comedy to hear them and see them together. But they are not worth writing about, and I dare say I have wearied you with this nonsense already. Good-bye, old fellow, and come down here as soon as you can. " Yours affectionately, "Pbkcy Denzil. " P.S. I am getting a leaky old gondola caulked and pitched up for service. You know there are lots of narrow canals here that remind one of Venice, and I happened to say to Clarel it was a pity there was not a gondola. " ' There is one somewhere, if it is not broken up by this time,' said she. ' I met with a Plymouth ship at Malaraocco, and, as I had a gondola of my own and was leaving Venice, I shipped it ; but it was never of much use, for I forgot to ship a gondolier, and nobody could ever row it.' " ' I will be your gondolier,' said I, ' I have studied the science of premi and stali.' So we made search, and found the gondola, very 158 EDITH CLAREL. much out of repair, across the beams of a lumber-room in the back premises, with a family of young rats under the seat." sapin's letter. " Chateau de Querque Ombre. " Puisque Monsieur m'a fait I'honneur de me le commander, j'ose lui faire part de nos nouvelles. Depuis notre arrivee a la campagne nous voici plonges dans un tohu-bohu tout-a-fait moyen age. Je crois que Monsieur connait ce ch§,teau morne et humide au possible — aussi je ne m'en chargerai point de la description. " Nous y voila tres mal, maitre et valet. A la cuisine surtout il arrive a chaque instant des scfenes orageuses, dont les suites ont plus d'une fois manque d'etre funestes. Hier soir le chef Venitien pour plaire aux beaux yeux de la petite Gaetane, s'est propose d'assassiner le brave Cre- non — ce qui aurait eu lieu sur le champ si son couteau de cuisine n'eut gliss^ sur I'os en acier du corset que porte men aimable compatriote a cause d'un enbonpoint qu'il redoute beaucoup, bien que cela est arrive a sauver ses jours. Apres cela, tout le monde d'en bas s'est diable- ment inquiet^ au snjet d'une apparition toute recente, qu'on constate tres positivement. Je oroyais qu'en Angleterre les fevenants dataient deja d'epoques plus ou moins reculees. Monsieur me pardonnera que je I'ennuye de ces betises vulgaires. Passons h. I'important. " A ce qu'il parait, mon maitre devient de plus en plus amoureux. Ce matin meme en assortissant un gilet a son pantalon, il achange de pro- pos a trois reprises — ce qu'il ne ferait guere de son ordinaire. " Le reverend M. Ambrose s'interesse singulieremeut aux mceurs de mon maitre. II refusait de le croire si Joseph que nous le connaissons et se moquait meme de cette idee comme d'une plaisanterie. Monsieur le cure est un charmant gar9on, qui fait des interrogatoires d'une naivete touchante — tout en se croyant le plus fin des inquisiteurs. En moins de dix minutes il m'a fait comprendre qu'il pretend luit meme exploiter la main et la fortune de sadelicieuse cousine ; et qu'il creuse dcja les mines pour faire sauter les pretensions rivales. " J'ai I'honneur, Monsieur, etc. " Jules Sapin." So the archdeacon was going in. I had not thought of that before, and this was the first hint I had of it, though the reader has been made aware of the fact some pages earlier than Sapin's letter, in Edith's Pink Book. I might have guessed it, for I knew the archdeacon of old. He is the smoothest of hypocrites—a hearty worshipper of notliing but the pomps and vanities of this wicked world, with about as much real piety as there is in his extra clerical superfine Saxony suit of sable EDITH CLAREL. 159 garments when it comes from the tailor's in a brown-paper parcel. One of his strongest weaknesses is family pride. I have always observed that younger branches are much more troubled with this absurd in- firmity than their betters. They gather some strange inflation from their emptiness. They start with the presumption that they must them- selves be great people, because they belong to some ancient stock. This being their argument, they are obliged by inference to place a most exaggerated value on the headship of the family of which their own dignity is only a vulgar fraction. I had heard the archdeacon talk about his family at Oxford — how he was the next male heir to some- thing which he appeared to consider little less than a dynasty. His branch separated some generations back. The last of the branch in possession was an extravagant absentee, letting the property run to seed, and who had a foolish little girl, that would carry away the remains into some other family. Still he seemed to contemplate the hungry reversion of the family honours, as if it had been a dukedom instead of a squiredom. I perceived at once that good might come of this suit. I felt con- vinced that Ambrose would use all means, fair or unfair, to put a spoke in Denzil's wheel — which might save me some dirtyish work, for I was resolved the Caercombe courtship should go on no quicker than I could help-. As I had now tided through the worst of my settling difficulties, I thought it time to appear in person on the scene of action, and accord- ingly started for Devonshire. CHAPTER XI. The house stands well ; it has a good and ancient aspect with, its queer old towers and gables. I hate your modern antique houses, but there is certainly something solid and satisfactory in a real square old fixture like Caercombe, which looks as if it had grown there along with the trees ; or at least, as Denzil said, in his fantastic way, it seems the natural sort of shell belonging to an old race that has crept like a snail slowly down through the centuries. I certainly should never have thought of comparing it to a snail-shell myself, nor indeed see much in it, though it struck me as rather a good idea at the time. In my opinion these extravagant conceits and meta- phorical quirks of fancy are playing the Dickens with modern literature, which seems to amuse its second childhood with the game of " What is my thought like ? " But though I did not think of snails as I drove up to the portcullis 160 EDITH CLAREL. arch, I felt that I could a little understand the archdeacon's point of view. " I may be the means of sending it your way yet, old sly-boots !" thought I. Then I fell to regretting the mortgages which prevented me going in myself ; for of course, with my debts and liabilities, it was out of the question to embark in a water-logged ship. By Jove though— sink the property— Edith is worth having of her- self—besides things often come right somehow. I've a great mind to come the romantic. And I'm not first favourite now. I might just as well work myself up in the betting a little, for if I don't start for the plate after all, there's no forfeit. Not that there's much chance of saving my distance now — but Denzil might make a mistake. If not, we must nobble the favourite. If I can't Avin myself, I pot Ambrose as the best outsider — Marmaduke has no chance — but if I can make Ambrose do the nobble, and then win myself by a neck, that will be the double Gloucester. But then if I win, I quarrel with Denzil, and Denzil is worth more ready money to me than this estate will ever be. Indeed it is to keep Denzil's ready money out of this quagmire, that I started on this expedition, and shall I myself run after the Wilhelmina of the Wisp, who is leading him into it? Will of the Wisp to me, but it's a good spec for Denzil! Half his money might be well invested buying up these mortgages at 5 instead of 3i per cent. It would raise his income about £600. I have got a good deal out of Denzil which I shall most likely never repay, and I'm sure he never expects to see any of it again. Shall I do the generous and leave him alone? Generosity be hanged — I can't afford to be generous — moreover I'm jealous of him. No, he sha'n't have her. Here the gig rattled and rumbled over the drawbridge and under the portcullis arch, and so ended my reflections. I was told the party were in the garden. I first met Edith and Tremaddock. They were pacing up and down the walk by the yew hedge. She seemed fidgety, and he was doing his best as usual. She said her father and mother were at the end of the yew hedge (after her salutations, which were rather cavalier), and seemed to be passing on with Marmaduke. How- ever they turned back with me. The end of the yew hedge, where it runs down to the water's edge, is cut about into arches and arbours. In one of these we found Clarel languidly smoking, and still more languidly reading the Purgatorio to Lady Theresa who sat literally and metaphorically in a cloud, with an uncomfortable bewildered expression, no doubt intended to convey that she understood Dante at hearing, and did not object to a cigar in the open air. Lady Theresa's theory is humouring people — and she is rather successful with stupid old dukes and fat dowao-er duchesses which gives her her value in society. If she thought there was any business to be done by humouring Clarel in order to get Edith for her EUITH CLAREL. 161 cub, the old girl was throwing away her time and talents. However, managing mothers follow their instincts like turltey-hens, and will often try to hatch a round stone or two along with their other eggs. " Here is Mr. Knyvett at last, Papa!" "Bravo! let him be welcome," said Clarel, looking up from his book with a moonlit civil smile, and holding out his hand without stirring. Then he read me a line out of his page with some emphasis. I suppose there was some pointed allusion, for Edith laughed. So did Lady Theresa when she saw that was the cue ; but what a diiferent laugh from Edith's merry silver tinkle ! Lady Theresa laughed so as to show she didn't understand the joke a bit more than I did, and was divided between appreciating Clarel's allusion, echoing Edith's amusement and a slight nervousness lest I should take it amiss, which last complication she tried to neutralise by the extra cordiality with which she shook hands, and the gas-light illumination of her countenance with a very toothy smile. " Come along," said Edith, " we shall find mamma in one of thosa pigeon-holes. Don't you hear cousin Ambrose cooing theology to hei round the corner ? And here comes our gondolier. Nobody can say ' In Caercombe Tasso's echoes are no more,' " Here all of a sudden, in a loud key and a very comical caricature of the Venetian dialect, she took up the stave which Denzil was chanting lustily as he bent over his oar, apparently with a view of drowning Miss Tremaddock's conversation, for she was his companion in the gon- dola which had just come shooting out into the broad piece of water from under one of the garden bridges. "We found Mrs. Clarel deep in conversation with Ambrose. She was much more formal in her manner than usual ; and as Ambrose was very aiFectionate in his greetings I couldn't help fancying that the theological cooings of that pigeon in rook's plumage had been to my disadvantage. In the meantime the gondola had made a great curve and came glid- ing right up to us as if it was going to strike violently on the stone edging of the pond, and I went and stood ready to break the shock. But just as the battle-axe-shaped iron head seemed coming into my hands, Denzil shifted his oar plumb and square down within the arm- pit of the elbow-crooked rullock-timb6r ; the boat stopped short, and swinging round, as if the oar had been a fixed pivot, came gently up sideways to the margin. " Hurrah, old fellow ! I'm glad you've got here at last," cried he, a little out of breath, as he shook hands with a warm, friendly grasp. What a clear, frank expression of pleasure there was in his eyes! It gave me a sort of twinge somewhere. I don't exactly know where my conscience lies : and as I proceeded to the not very absorbing process of 162 EDITH CLABEL. shaking hands with Miss Tremaddock, I could not help looking at him over my shoulder. I haven't got much of the high-art slang, but I think, in an unpro- fessional way, I am rather a keen observer of nature, especially in human character. I think one sees character more in repose than in action. Both face and figure are more transparent when they are still. There was something about Denzil's attitude and look that struck me as sin- gularly graceful and picturesque. I should probably never have given it a thought if we had been standing there alone, for then it would not have signified how he looked. But I knew Edith's eye was upon him, and that gave it a value. Its merit was in its unconscious grace and dignity. It could not have been done on purpose, though it was very simple when you saw it. Most men who have a good carriage have taken pains to have it. There is a conscious squareness of drill- sergeantry about their shoulders. Most men, who have not a perpetual French perk and pose, slouch rather meanly when they are not thinking about it, and hold themselves rather stiffly when they are. I always think there is something noble in a man that can " stand well before a company." It is very rare, so I am the less ashamed to confess I have not the faculty. Denzil had it. If there had been ten thousand of us it would have made no difference in his attitude. I have seen him face a crowd. Edith's journal lies open before me. The page has no writing, but the date of that day, below a very spirited etching of Denzil as he stood in the stern of the gondola. She has caught the argutum caput and ardua cervix. Keen head and lofty neck give a very indifferent idea of Virgil's Latin. She has done careful justice to the breezy curls, He is bare-headed. His shoulders and chest, naturally expanded by recent exertion, are only indicated under the loose folds of a rather degage shirt. The left arm, carelessly dropped, has a loose hold of the half-floating oar. There is a most masterly sense of balance in the elastic firmness with which she has planted him on his unstable footing. Phsaw ! I am writing what sounds like letter-press to an engraving of Lord Byron in some obsolete annual! " Am I to have any more fares to-day, fair dames and gentle sirs ? " said the unconscious model. " Most potent, grave, and reverend seigniors," said Edith, addressing in turn Tremaddock, myself and Ambrose with an adjective apiece— " Will you be charter-parties in this freight ? Hie we to the Rialto ! Come, embark ! " " Say rather chatter-parties in the prate this damsel keepeth up from dawn to dark ! " said Denzil. Edith. — " Silence, uncivil boatman. Know that thou Should'st hold thy tongue, and row as with thine oar." Denzil. — " I hold mine oar, and with my tongue I row.'' PIEDMONT AND NAPLES. 163 Edith.—" Thy speech is all at sea, thy boat ashore." Dengil. — " You cut me up so small with sharp replies, I will betake me to the bridge of sighs." Edith. — " If size abridge your smallness, then you will Beneath a bridge of sighs feel smaller still." Dmzil. — « Let him who fears to see himself look small, Glass not himself in ladies' eyes at all." Edith. — « With Attic salt his humble pie he eats, Come, gentlemen and ladies, take your seats."* Whereupon we all got in except Mrs. Clarel, who said the boat was much too full, and the pond was very deep. Here Lady Theresa came forward, wringing her hands, and objected to her children being drowned. PIEDMONT AND NAPLES. The concession made by Naples in giving a compensation to the two unfortunate English engineers will be taken as an apology by England, and probably the release of the Sardinian crew and of the Cagliari herself may be accepted as such by the King of Sardinia, even though they have been handed over to England, apparently with the view of snubbing our Italian ally, and not to Sardinia herself The facts of the case are too familiar to require repetition. Naples has been forced to do right. Fortunately for the ends of justice, a technical point of international law turned up, which, when discovered, gave England an undoubted right to interfere ; had it not been for that, the whole crew of a merchant vessel might have been executed, and two Englishmen among them, for a crime of which it was notorious they were wholly innocent. If the King of Naples will deli- berately imprison and torture innocent persons more than a year, for the purpose of insulting one of his neighbours, to what lengths might he not have ventured ? Justice obtained by threats has none of the essence of justice. A thief whom you force to restore your property, though you -come by your own, is no more respectable for his concession. Naples has lost character — if it ever had a character — in the transaction. Ferdinand of Naples, like any other barbarian chief, may probably neglect public law when it suits his convenience ; but why has he this studious desire to make himself disagreeable to Victor Emanuel ? This inquiry is the subject of the following paper. * These rhymes were preserved in a short entry of the day in Denzfl's blue- boot. They are pretty much as I remember them, but I dare say he could'nt resist touching them up a little. 164 PIEDMONT AND NAPLES. As Piedmont in the north, and Naples at the south, are the two extremities of the Italian peninsula, so also are they the furthest apart in their political tendencies. The late difficulty between them was not alone the question of the legal or illegal capture of a merchant steamer ; it was, rather — shall Italy progress with the rest of Europe in material welfare and civilised government ? or shall it revert to happy influences of despotic kings and a self-ended priesthood ? The actual dispute was only a symptom of the general divergence of opinion. We often see persons nominally quarrel about very unimportant points, as two men courting one woman will snap and snarl at each other on the most indif- ferent subjects. Though this particular affair is patched up, it is, nevertheless, worth our while to consider the relative positions of the two powers, for, sooner or later, they will probably come to blows. Let us look at what has been done in Italy, both north and south, during the last ten years, whence we may be able to speculate on the possible occurrences during the next ten. Up to the outbreak of the revolution of 1848, the states under the rule of the house of Savoy, though less harshly in practice, had, at least in theory, been as absolutely governed as any part of the penin- sula. But the King, Charles Albert, was an enthusiast, though neither a statesman nor a strategist. He had dreamed of heading a united Italy. This passionate longing of all Italians had been allowed freer expression in Piedmont than elsewhere. Unable to restrain, he might be able to guide the revolutionary excitement of 1848. And at the head of his people, Charles Albert dashed at the flank of the retreating Austrians. Unsupported and maligned — misled and betrayed by the boastful patriots who were too intellectual to be honest — disappointed of the Neapolitan contingent at the turning point of the campaign (owing to its recall to Naples to repress an outburst of democracy at home) —beaten, abdicating, and dying in exile, his memory was endeared to his own people, in whose cause he had fought and fallen a martyr. In the hour of defeat and misfortune, the reins were thrust into the hands of Victor Emanuel. He succeeded to a kingdom with a beaten and dispirited, and only partially disciplined army, in face of a victo- rious foe under Marshal Eadetzky, one of the ablest generals in Europe. It was obvious to all that the game was up, and that all that remained was to make terms with the conqueror. The young King had fought like a knight-errant in the cause of his people, and was the more beloved, that he and they were sharers in the common misfortune of defeat. Perhaps it is partially owing to the sympathy thus engen- dered that he has been able to accomplish the project of giving liberty to his country. How often do we see good arising out of evil ? — the fountain of freedom flowing from the furnace of affliction ? PIEDMONT AND NAPLES. 165 Worsted in the field, the object of his policy became to demonstrate to Europe that there was one Italian nation at least capable of self- government ; while he strengthened himself abroad by foreign alliances, in order to protect his country from the danger of Austrian interference. No doubt it is the hope of Sardinia one day to be able to get possession of Lombardy, to absorb Tuscany, to occupy Eome, and extinguish tyranny in Naples. But these objects have hitherto been pursued by the most legitimate means. The endeavour has been to win all the talent of Italy to her side, to afford a home to political refugees from the rest of the peninsula, and to become the leader of thought and action, to whom all would look to lead an Italian federation, or to conquer an Italian kingdom. This is a key to the whole Piedmontese policy, both at home and abroad. The King's idea appears to be that, by ruling according to their wishes, he might reign in his people's hearts, and in the hearts of all Italy — that there is no service like service rendered for love — one volunteer is worth half-a-dozen pressed men. The protection afforded to that most ancient of Protestant commu- nions, the Vaudois Church, and the permission granted it to build a church at Turin, provoked remonstrances from the Vatican. Religious liberty was a fundamental part of the constitution, and the King, though a Roman Catholic, refused to be a tool in the hands of the Sovereign Pontiff. The introduction of the Bible — a work regarded at Rome as having heretical tendencies, — the determination of Sardinia to take the monopoly of matrimony [out of the hands of the clergj'', — and the expulsion of a refractory archbishop — produced growing uneasiness and anile remonstrances from Pius the Ninth ; each screech in a louder key. The comparative freedom of the press, the publication of an impartial, but rather prolix, history of Roman affairs, by M. Farini, and the hospitality received by Romans expelled from their own hearths by the Father of Christendom, and the teaching of a professor of one of the universities that Rome had no authority in civil concerns — all contri- buted to widen the breach. At last the passing of the bill for the sup- pression of convents brought down on the King and his people the greater excommunication. But public opinion had become more pow- erful than the anathemas of the Vatican. Austria regarded with ill-disguised jealousy an Italian power strength- ening her fortresses — giving an example of orderly popular govern- jjjent — affording a welcome to Lombard emigrants and exiles, and per- mitting the public press to criticise very freely the doings of her neighbours — which, to say the truth, looked ill enough in the unaccus- tomed light in which they were placed. Thus, when the imprudent outbreak of a few crazy conspirators, in 1853, gave Austria an opportu- nity of showing her displeasure, not only were the persons engaged punished for their crime, but the property of the Lombards who had ]66 PIEDMONT AND NAPLEiS. emigrated to Sardinia (with the permission of the Austrian authorities) was confiscated — a breach of faith against which Sardinia energetically remonstrated, and finally with success. At length, when the young Emperor visited his Lombard dominions, Victor Emanuel, annoyed by the neglect of some usual courtesy on his part, omitted to send a greeting to him on his arrival at Milan. This slight greatly incensed Austria, and led to a cessation of diplomatic intercourse. We all remember how Sardinia, interested as a Mediterranean State in the independence of Turkey — hoping, perhaps, that Austria might be drawn to the side of the Czar, and desiring to draw closer her alliance with the Western Powers — ^joined her contingent to the allied forces, in the active prosecution of the war ; nor have we forgotten the gallant services of General La Marmora, at the Tratkir Bridge, and on the banks of the Tchernaya. Having taken her place in the field, she was naturally not without considerable influence in the Congress of Paris. It was suggested in that Congress, that the condition of Italy was a perpetual menace to the peace of Europe — that the enormous number of political exiles — men soured by the oppression of their country, and ready for any enterprise, however mad or wicked — was a con- stant element of danger to the neighbouring states and monarchs. Chloride of Nitrogen, may, no doubt, be manufactured in minute quan- tities, and even then a chemist will every now and then be maimed for life. But if your next door neighbour persists in making it by the ton — especially if he chooses to pump it into your premises — it's perhaps taking a stronger view of your Christian duty, than most men, if you love him as yourself The condition of the Kingdom of the two Sicilies was such as to induce the representatives of Queen Victoria and the Emperor Napoleon to address a memorandum to Naples on the subject. They joined in suggesting a more clement mode of governing ; but at the same time dis- avowed any intention of dictating to the King the policy to be persued, or interfering in his domestic afiairs. The reply was neither candid nor courteous, and eventually the English and French ministers withdrew. Indeed there had for some time been only a species of undignified diplomatic bickerings between them and that power, rising from studious insult on the part of Naples, and perpetual remonstrances from the Western States. Really the kind of rule established in Naples sounds almost too absurd to be true, and we dare hardly tell the following story, without quoting our authority. (The " Amuaire des Deux Mondes, 1853-4"). It seems that a member of the American diplomatic body, wishing to purchase a white hat, applied to a French hatter to make that article. PIEDMONT AND NAPLES. 167 The tradesman refused to gratify him without a special authbrizatioa from government. Upon inquiry, it turned out that the Neapohtan ministry had conceived the idea that white hats had in some mysterious manner, a democratic tendency ; and after having] bought up all that were in the market, strict orders were given that no more should be manufactured. Whether the indignant Yankee was eventually able to present himself to the King of the Two Sicilies, in the full diplomatic costume of a white hat and yellow waistcoat, the historian does not relate. Probably the spy system has gone further in Naples than in any State except Russia. Plots are hatched by the discontented, or invented by the police, at regular intervals, when arrests are effected by the score. Prisoners are tried in a manner disgraceful to Europe ; the object being as much to strike terror by the conviction of the inno- cent, as to punish the guilty. We are not by any means prepared to assert that the Italian patriots are immaculate persons, against whom the King has no just ground of complaint ; on the contrary, they are many of them, a most unruly, impatient, disreputable, dirty, unshaved, and un- soaped set of ragamuffins ; very little removed in point of education and intelligence from the rulers they detest. But who made them what they are ? Kingcraft and priestcraft , The difference between Sardinia and Naples, is that the policy of the former is to reform them ; that of the latter to keep them what they are. To show that we do not misrepresent the tendencies of the Neapolitan government, here is an abstract of an official circular, giving instructions to the secret police. " They were required to exercise incessant vigilance over those suspected, following their movements in their own houses and abroad — their meetings, both in town and country, and to ascertain whether they associated with persons not compromised. To take care to find out where they were in the habit of reading the government newspapers — and to take particular notice of what they said when they had finished reading, whether in private or public. If they were in the habit of talking to persons of influence, to find out what they talked of, in public or private. To listen attentively to all sermons, in order to see if doctrines delivered any way were hostile to government. To discover whether the suspected told lies, with the intention of obtaining sympathy ; also to ascertain by what means they succeeded in putting the King's party in a fright. To take particular note of everybody who went from home without a sufficient reason. They were to open all letters to or from suspected persons. They were to make out a list with the most scrupulous care of persons who wore clothes of a singular cut, and who did not cut their beards. In arranging this list, the suspected were to be distinguished from those unsuspected, and a date was to be attached to each name, showing the 168 FRENCH MANNERS. age of the beard— and stating, in addition, whether the hat was the shape sanctioned by long custom, or was of any singular form that could be considered an innovation ; a rule which was to be applied to all but foreigners, who were to be permitted to wear hats and beards of any size and shape with impunity, while a subject was to be ordered to change the one and shave the other ; and, in default, sent to prison ; and they were to take particular notice Avhere suspected persons went of an evening." We again quote the " Aimuaire cles Deux HLondes" 1855-56, p. 271. Sardinia and Naples, in material power, are not very unequally matched ; the power of numbers is on the side of Naples, but of public enthusiasm is in favour of the former. Sicily, which claims a constitution of its own, may not improbably, in case of a rupture, throw off the continental yoke, which has long rested heavily on its neck, and repeat the offer of its crown to the House of Savoy. But will France, ever jealous of the growth of any power in the Mediter- ranean, contribute so materially to the increase of the strength of her neighbour ? Would it be the interest of France to allow so large a a step in the direction of an Italian kingdom. Philosophically, it unquestionably would, for it is her interest to have a government in Italy beloved by the people, and not likely to stir up commotions. But are statesmen philosophers ? No ; not more than the people they rule. At present, Sardinia reckons apparently on French, and, possibly too, on British support. If France takes one side, will not Austria interfere to assist absolutism in Italy ? Can she remain quiet, with a Lombard population ready to rush into revolt ? Is dear old John Bull a bit more of a philosopher than his neighbours ? Can he witness a fray without longing to be in the midst of it — and when he flourishes his cudgel, who can tell on what head it will fall ? Thus the condition of Italy is still a perpetual menace to the peace of Europe. FRENCH MANNERS. BY THE AUTHOll OF " PIGEONS AND CROWS," " WHEUE SH.'iLL WE PLAY ? " ETC. " Arthur D was a young French gentleman of two-and- twenty, who, after having cut an excellent figure at school, had travelled over the greater part of Europe for the purpose of putting the last polish upon his education. He was both well-informed and intelligent, and possessed of all the qualities which go to constitute a man of the world, except that he was shy to such a deplorable degree that he could make no use whatever of his advantages. FRENCH MANNBHS. 169 " Upon his return from foreign travel, his father, a man of rank, was anxious to bring him forward in society, trusting that his unfortunate infirmity would gradually disappear, although aware that its complete eradication might be a task of some difficulty. " ' Arthur,' said he, one afternoon, ' we have just been invited to a soiree at the Baron de T 's, one of my most intimate friends. He wishes to make your acquaintance. You will find yourself, at his house, among the prettiest women in all Paris. Do, for goodness' sake, try if you can't shake off your college bashfulness, and come out like a man. You are a good-looking fellow, with a rich old governor into the bargain ; what more would you have ? By the way^ we shall have time, before going, to drop in upon Horace Vernet, prince of modern painters. We shall find him probably in his atelier, surrounded by his brethren of the brush. Their jokes and sallies will be just the thing to inspirit you for the rest of the evening. Come along.' " Poor Arthur dreaded an encounter with these droll dogs more than can well be conceived; however, there was nothing for it but to obey. Luckily for him, his courage was not put to the test, for Horace Vernet happened to be alone in his studio, engaged in putting the finishing touch to one of his most celebrated pictures, the possession of which had already been secured in advance by a prince of the blood. Encouraged by the kind and easy manner of the great artist, Arthur talked both fluently and well, to the infinite gratification of his father, who had never heard him so eloquent before. " But the paternal pride was destined to a speedy fell. The door sud- denly flew open, and the royal prince himself was announced. Arthur's father, who had the honour of being known to his highness, naturally availed himself of the opportunity to present his son. The latter executed a profound salaam. The prince addressed him with some good- natured remark, which had the effect of producing a second obeisance, still more complicated and bewildering than the first, in the course of which the unlucky youth contrived to back into the glorious picture, still wet with the last brilliant touch. " Prince, painter, and papa, all shouted when it was too late. Arthur wished to goodness gracious that the floor would open and swallow him ; but it didn't. He was infinitely too much flurried even to disembarrass himself of the prussian-blue and vermilion which adhered in considerable quantities to a retired portion of his pantaloons. His father, after countless apologies, hurried him away to the ball. Dancing began, and the rash boy was ill-advised enough to select a partner. Hardly had his first waltz concluded, when exclamations of ' O'est qffreux ! c'est une Tiorreur ! ' were heard in every direction. Arthur, in the course of his gyrations, had managed so effectually to present to his fair partner that section of his exterior which had recently been in contact with 170 FRENCH MANNERS. M. Vernet's canvas, that every] flounce of snowy mualin was glowing with the stamp of genius — in other words, effectually embroidered with the rough transcript of an historical painting. ' Void un example,' says my informant, ' des suites ordinaires de la timidite / ' " I have translated the above precious anecdote from a certain " Manuel du savoir-vivre," which I purchased a little while ago in the Oalerie d' Orleans for a franc and a-half. I invested a similar sum in a rival work, to wit, the "Manuel du Ion ton et de la politesse Frangaise — nouveau guide pour se conduire dans le monde." " When you are in Turkey," says the adage, " do as the turkeys do." In order to avail myself of this oracular advice, I bought my manuals on the spot, and I intend to devote the present paper to a brief glance at their contents. It is difficult to deal gravely with professed treatises upon the art and mystery of etiquette. They are, generally speaking, anonymous, and not unfrequently profess to have been " revised by a lady of rank." Infi- nite privilege 1 Fortunate author, whose every line seems fragrant with some delicate whisper of his coronetted Egeria! The critic is at once disarmed. The general reader resigns himself to gratitude, admiration, and belief. Unfortunately, these brilliant books will begin at the very beginning, in such appalling fashion, that one sometimes cannot help supposing that they must have been designed to mend the manners of people who had no manners to mend. "It is vulgar to say, 'How's yourself? ' " — "It is atrocious to eat peas with your knife" — ^"It is uncivil to wink at ladies" — " It is utterly incorrect to make grimaces by way of expressing incredulity " — " It is equally so to nudge people with your finger in order to make them ' take' your joke " — are all aphorisms true enough in their way, but which one would hope might be arrived at, even in the most formidable cases of neglected or misdirected educa- tion, without the interference of author, printer, publisher, and retail bookseller. In fact, a philosophical treatise upon the whole art of society — a sound and practical digest of the lex non scripfa to which all civilised people defer — has yet to be written. It might be a book to live for ever. Not that its perusal would suddenly turn a clown into a gentleman. No- body ever yet learned manners out of an essay, any more than mere reading ever taught a man to drive, or swim, or fag out at cricket. But we are all the better for being occasionally reminded of much on which our manners depend ; and if the world and its concerns be indeed the stage-play as which they are sometimes represented, it is at least well for the actor who can enter into the spirit, as well as the letter, of his part. But let us listen to our French friends. A few scraps, picked impartially from either " Manuel," and served up in solid Saxon, is all that I pretend to offer in this day's bill of fare. " An act of politeness compromises nobody, whatever may be his or FRENCH MANNERS. 171 her position in life. One day, Louis XIV., happening to walk into one of the state-rooms at Versailles, which was but little frequented, dis- covered a workman perched upon a ladder, trying to detach from its bracket a magnificent^and ponderous clock. The august king perceiving that the slipperiness of the wax-polished oak floor rendered the man's footing very unsteady, and his task proportionably difficult, himself held the ladder until the feat was safely accomplished. He was not afraid of losing by this good-natured act one whit of his royal dignity. It is dis- agreable to be obliged to add that this workman was a thief in disguise, and never brought back the clock." Politeness at the dinner-table is illustrated by the following anecdote : — " One day, the Abb6 Cosson, who was a celebrated literary member of the Mazariu College, was invited to dine with M. de Kadonvilliers. At his table he found himself among gentlemen of the highest rank — cordons-bleus, marshals of France, &c., &c. The good abbe (who was weak enough to believe himself a perfect miracle of hoii ton) , on leaving the dining-room, rather talkative after his tokay, couldn't forbear asking his friend, M. de Lille, in something of a self-satisfied tone, whether his behaviour during dinner hadn't been something conspicuously correct — worthy, if possible, of the great occasion. " ' Good gracious! ' replied De Lille, in a thrilling whisper, 'is it pos- sible that you can be unaware of the awful things you have done? ' "'What on earth do you mean?' replied the abb6, rather taken aback. ' Anyhow, I suppose I behaved as well as my neighbours.' " 'My poor friend, listen to me,and count upyour sins upon your fingers.' " ' Imprimis. Instead of dropping your napkin unostentatiously across your knees, you displayed it in the most elaborate and barbarous manner; and, not content with having done so, you actually stuck the corner into your button-hole. Shocking! " ' Hem. You ate your soup with a spoon in one hand, and a fork in the other. A fork to soup I Good heavens! "'Item. You asked for "fowl," instead of saying "chicken." Fowls are only talked about in the poultry-yard. " ' Item. When the butler came round with the wine, you first blew into your glass, and then wiped it carefully out with your napkin. Miserable abbg! where did you fancy you were dining? " ' Item. Tou behaved atrociously ill to the Baron de E and myself. Why upon earth, whenever wine was offered you, did you in- sist upon filling our glasses before your own? How did you know that we wished for wine ? or for one wine more than another? Suppose our host, as a matter of special favour, had kept some capital bottle for us — of a kind, perhaps, for which he knew that we had a particular weak- ness? Tou were guilty of a piece of officiousness which would not be tolerated at the most vulgar table d'hote in Paris. 172 FRENCH MANNERS. " ' Item. Instead of managing your bread in the usual way, you chopped it up with your knife. What a thing to dol " ' Item. I saw you put plums in your pocket. "'Item. You made use of your pocket-handkerchief, and then, instead of replacing it at once in your pocket, stuck it in the arm of your chair. That was not mere want of politeness ; it was an inde- cency, and an insult to us all. " ' Because your coffee after dinner was inconveniently hot, you drank it out of your saucer. I can imagine few acts more shameless or inexcusable. " ' Finally, to crown your disgrace (pour coinble dHnfamie), on rising from table you folded up that unfortunate napkin in the most offen- sively careful manner, just as if anybody was likely to use it again 1 There ! Put your ten fingers in your pocket, and pray that you may be spared from ever again sinning so egregiously." " The poor abbe stood shocked and confounded, confessing to himself that all his Greek and Latin had failed to make him even presentable at dinner." Apropos of the etiquette of the dinner-table, our author gallantly denounces the barbarous Saxon prejudice which drives ladies from the dining-room " before dinner is finished." Upon this point I am not prepared to agree with him. I am given to understand that the half-hour which separates the fair portion of the convives from their claret-imbibing lords is rather prized and looked forward to by the former, as just the very time when a vast variety of particularly inte- resting topics can be discussed in full conclave, under every circum- stance of comfort, and without the slightest fear of interruption. But not having been retained to hold a brief for the ladies of England in this matter, I beg to be excused further argument. My author, however, very much to his credit, objects with equal vigour to a certain French practice which has not yet been adopted by the unpolished islanders of the wild North Sea — not at least in native society — though I happen to know that it prevailed, at least as late as last year, at the French embassy. I mean the frightful privilege assumed by the gentlemen of retiring, parenthetically, to the smoking- room immediately after coffee has been served upstairs, to return to the ladies redolent of cigars and every vile variety of tabac de regie. If this be manners, may my lot be cast among the clowns for ever ! A French christening is, according to the authorities which I am now consulting, rather a complicated affair, and may involve an unsophisti- cated god-papa in consequences which he could hardly be expected to foresee. The twelve following rules are commended to such of my readers as in th« course of their continental ramble this summer may PRENCH MANNERS. J 73 chance to be enticed into standing parrain or marraine to some squealing little Gaul. 1. Farrainage is always an unprofitable piece of trouble (wne corvee desagreable), because custom has encumbered it with certain rather heavy liabilities. 2. You will have to make the mamma a present. Ascertain, pri- vately, what sort of gift would be most acceptable — a bracelet, for instance, or some similar piece of jewellery. Among the middle classes perhaps a box of sugarplums {di'agees) may answer the purpose. 3. As godfather, you must present godmamma with from six to a dozen pairs of white kid gloves, together with bon-bons in profusion, so as to enable her to regale all her friends. 4. Should she happen to be young and pretty, you must not forget to include in your offering a bouquet of orange-blossoms ; and it will be just as well to add some fashionable trifle in the way of a trinket (hrimloriori). 5. She is at liberty to decline anything beyond the bon-bons and the bouquet. Should she accept anything further, she means to marry you (elles^ engage). 6. Should she send you any present, however trifling, in return for yonr own, you are engaged to her beyond the possibility of escape. 7. You will require at least twenty boxes of sugarplums to do the thing creditably. These boxes should be tastefully gilt. The accou- cheme, the nurse, and the wet-nurse will each expect one. 8. If you possess a vehicle of your own, )'ou will only have two cabriolets to pay for. If not, you must provide three. It is the etiquette that the leading carriage should contain nobody but the god- father and godmother. 9. When you arrive at the church, the wet-nurse will enter first with the infant and the beadle : then yourself and the godmamma, followed by the father and the rest of the company. 10. Before you leave the church, you must present the priest with a box of bon-bons, into which you will previously have slipped gold coin a discretion. 11. You must likewise tip the beadle, the Suisse, and the choir. You must drop a few francs into the box pmr les lesoins d'eglise, and scatter small coin handsomely among the beggars who will await you at the church door, 12. As a reward for all this, you will be the fortunate possessor of a godson, to whom you will be expected to carry a present at least once in every year, until he is old enough to come and ask for it himself. As I should not like to have any " paper " of mine returned " disho- noured" by the editor of the « Money Bag," or declared " inconver- tible" into pica, or even accepted "supra protect," I feel that any 174 FRENCH MANNERS. further selections from these twin treasuries of etiquette must be con- densed into very limited compass. I shall therefore only touch upon one other passage, out of many which I had marked for translation. I will take the chapter which treats of the laws and ceremonies apper- taining to French duelling. The subject is one of painful interest just at present. The fate of poor M. Du Pene has filled all England, at least, with mingled pity and indignation. For a joke so utterly innocent, that the only wonder is that the most sensitive simpleton alive should have dreamed of accept- ing it in earnest, this unlucky young satirist was deliberately butchered under circumstances which must be too fresh in the recollection of my reader to render any recapitulation necessary. A more savage, das- tardly, and infamous act was probably never perpetrated by a body of commissioned officers. To say that it reflects irremediable disgrace upon all concerned is not enough. It reveals a low, ruffianly state of feeling. It betrays the presence of that stolid, snarling brutality, which is incapable of distinguishing between pleasantry and insult — which always fancies itself the butt of somebody, and is always blustering revenge. Fancy such a thing taking place on this side of the water. Fancy some aggravating cut in Punch inspiring the officers of one of our own cavalry corps to swear over the mess-t3,ble to spill the bleed of Leech. Surely the grotesque extravagance of such an idea is the best commentary on this villainous affair. The following is a true translation of the " etiquette for duellists :" — " Upon receiving an affront, it is customary to exchange cards with the offender. The next day each of the hostile parties chooses two seconds {temoins). A third upon each side may be appointed, if desir- able, as is frequently the case in ' serious ' duels. These are, generally, such as are fought out with the sword. " The seconds of the aggrieved party, having deliberately acquainted themselves with the occasion of the quarrel, forthwith wait upon the person challenged, to learn the names of his seconds. Then follows a general meeting and discussion among the seconds of both parties. Should they fail to see their way to a reconciliation, they proceed to determine upon the weapons to be employed, and to arrange the time and place of meeting. If the matter is to be decided by the pistol, they also agree upon the distance at which the combatants are to be stationed in the first instance, and the number of paces which they may respec- tively advance before delivering their fire. If the sword be the selected weapon, they arrange whether the duel is to proceed a I'outrance, or to terminate au premier sang. All this should be committed to writing, and signed by each of the several seconds. " It is a breach of etiquette not to be punctual to the appointed time. Once upon the ground, the principals are bound to observe strict SLAVERY AND THE COTTON TKADE. 175 silence. The distance being stepped, the seconds load and deliver the pistols, and then, stepping aside themselves, give signal to fire. " The person challenged fires first. "When two shots have been exchanged, it is the duty of the seconds to suggest a reconciliation ; but if their principals choose to go on, they have no business to interfere further. " If the duel be fought with swords, it is the office of the seconds to measure the weapons before handing them to the parties. The latter should salute in the usual manner -before commencing the encounter. It may so happen that a 'parade secJie de guinte disarms one of the combatants. In that case, should his antagonist forget his duty, the seconds must instantly interfere. " Generally speaking, should no very calamitous result follow, Justice does not trouble her head about the matter. But should death or a bad wound ensue, criminal process and a prison form the inevitable finale. When the authorities have information that a duel is about to take place, the police agents take care to be upon the spot, and warn off the offenders the moment they perceive them upon the point of engaging. " The courts will award both damages and costs of suit to the family of a man killed in a duel. The penalty of imprisonment, moreover, extends not only to the principal but to his seconds ; and it is in prison that they must await their trial. Should either principal or second succeed in escaping the hands of justice in the first instance, it is an established point of honour that ^they should surrender in sufficient time to take their places with the other gentlemen at the bar." SLAVERY AND THE COTTON TRADE. The nineteenth century may justly boast of wonderful achievements, mechanical and intellectual, moral and religious; but it is painful to acknowledge that the extinction of slavery cannot be enumerated in the brilliant catalogue. In flagrant violation of solemn treaties, Spain has never discontinued the atrocious traffic; and, in a disguised form, it has been recently revived by France. In 1806 the odious trade was abolished by England; and in 1808 the United States followed the ex- ample. In 1834 England redeemed her African bondsmen in the West Indies by the payment of twenty millions sterling to their owners, and thus acknowledged them to be property up to the hour of their deliver- ance ; while the United States, excusing themselves by that unhappy precedent, boldly proclaim, in the face of outraged humanity, that slavery is a "domestic institution." The merchant of the north lends money on 176 SLAVERY AND THE COTTON TRADE. mortgage to the planter of the south; and the slaves, liable to be sold by auction, form the most valuable part of the security. The love of the " almighty dollar " has almost crushed the moral sense among the descend- ants of the Puritans and Quakers on the American continent ; but,whilewe censure, we are conscious of our own short-comings ; and, indeed, nations, as well as individuals, who cannot elevate themselves to the dignity of self-sacrifice, are disqualified to pronounce condemnatory judgments on their neighbours. At a heavy cost we keep afloat an African squadron to capture slavers, and yet render support to the hateful trade by importing slave-grown produce. With the one hand we coerce, with the other we invite, and it is difficult to reply to those who charge us with inconsistency. Our enemies must, however, admit that it is easier to criticise than to point out how we can rectify the disturbed balance. If weadmit American cotton, whj' exclude Cuban sugar? If itbe replied that theone is an absolute neces- sity, while the other is but a superfluity, we may acknowledge the differ- ence under commercial views, but the claims of justice remain unsatisfied in the eyes of the sterner moralist. Were prohibition carried to the extreme, involving a total cessation of trade, should we be justified in de- stroying the manufacturing industry of Lancashire to aid in breaking the shackles of the African? How can we reconcile the interests of the free operatives of England with those of the slaves of Cuba and of the United States? That is the problem which philanthropy would desire to soh-^e, but it presents such various and formidable difiioulties as to discourage the most hopeful, and baffle the most ingenious. We must indulge in a brief retrospect, that we may the better com- prehend how we have arrived at our present position. On England lies the guilt of having first organised the slave trade. In 1562, Sir John Hawkins, after firing an African city, seized 250 of the inhabitants, for- cibly put them on board his vessels, and sold them in Hispaniola. He brought back a rich cargo in exchange; and Queen Elizabeth, sharing in the spoil, permitted a traffic which enriched her kingdom. Other Europeans followed this bad example ; casuists preached up the doctrine of the aristocracy of the skin; conscience was silenced; and all the re- straints of religion unloosened among that class falsely assuming the honourable name of merchants, Who drire a loathsome traffic, guage and span, And buy the muscles and the bones of man. How many Africans have been the victims of this accursed trade, it is impossible to determine, for the historian has not access to the horrible statistics of the crime ; but we may approximate to a minimum. Accord- ing to Mr. Bancroft, the celebrated historian of the United States, " the English slave trade began to attain its great activity after the Assiento treaty. Erom 1680 to 1700, the English took from Africa about SLAVERY AND THE COTTON TRADE. 177 800,000 negroes, or about 15,000 a-year. The number during the con- tinuance of the Assiento may have averaged not far from 30,000. Raynal considers the number of Negroes exported by all European nations from Africa, before 1776, to have been 9,000,000; and the considerate Ger- man historian of the slave trade, Albert Hune, deems his statement too small." "We shall not err very much," continues Mr. Bancroft, " if, for the century previous to the prohibition of the slave trade by the Ameri- can Congress, in 1776, we assume the number imported by the English into the Spanish, French, and English West Indies, as well as the English continental colonies, to have been, collectively, nearly three millions; to which are to be added more than a quarter of a million, purchased in ' Africa, and thrown into the Atlantic on the passage. The gross returns to English merchants, for the whole traffic in that number of slaves, may have been not far from four hundred millions of dollars. Yet, as at least one-half of the Negroes exported from Africa to America were carried in English ships, it should be observed that this estimate is by far the lowest ever made by any inquirer into the statistics of human wickedness. After every deduction, the trade retains its gigantic character of crime." These facts may be new to some ; their statement Tiefe may refresh the memory of others to whom they may have once been familiar ; on thoughtful minds they must leave a deep and melancholy impression. Nor must it be forgotten that England, because we purchased the freedom of our slaves in the West Indies, in 1834, by adding twenty millions to our national debt, too many of our countrymen are apt to reprove the Americans in terms of unqualified censure for retaining, what they term their "domestic institution." England, on many occasions, sternly reprimanded the colonial legislatures when they voted its abolition, the Crown always refusing to sanction the generous decree. Maryland, "Virginia, and Carolina, while dependencies of Great Britain, had frequently protested against the continuance of the slave trade, but their resolutions had always been negatived by the royal veto. Even at so late a date as 1776, the Earl of Dartmouth, one, of the ministers of the Crown, addressed to a colonial agent these memorable words : — " We cannot allow the colonies to check or discourage, in any degree, a traffic so beneficial to the nation." Thus England established slavery in the colonies. But beside this her manufacturing necessities have induced her to encourage the cultivation of cotton, and the unintentional effect of this has, no doubt, been to rivet the fetters of the African. It is to that plant, the seeds of which were imported into Georgia, from Jamaica and Per- nambuco, in the spring of 1786, that this great social evil is mainly due; and it is curious to note that the receiver of them, Patrick Walsh, was totally ignorant of their value. Requiring the sacks in which the seeds were contained for the general purposes of his farm, the seeds were thrown o 178 SLAVERY AND THE COTTON TRADE. upon a dung-hill. In due season a number of plants appeared, crowded together. They were carefully taken up, and transplanted on a tract of about two acres. They throve, and in 1789 the crop of cotton yielded ten tons. From that date its cultivation became a systematic branch of in- dustry; England was ready to purchase all that could be produced; the planters no longer desired to suppress the slave trade, or emancipate the Negroes they owned; their chief anxiety was to increase their number. The first census of the United States was taken in 1790, and its enumeration is referred to the 1st August of that year. It distributed the population under the following heads: — 1st. Free white males, sixteen years of age and upwards. 2nd. The same under sixteen. 3rd. Free white females of all ages. 4th. Slaves. 5th. All other per- sons, by which were understood free persons of colour. The first class numbered 813,298 persons; the second, 802,327; the third, 1,557,839; the fourth, 697,897; and the fifth, 59,466. According to these returns, the whole population may be thus classified: — "Whites . . . 3,172,464 = 80-73 per cent, of the whole. Free Coloured . 59,466 = 1-51 „ Slaves . . . 697,897 = 17-76 „ Total . . 3,929,827 = 100 The per centage of white males to that of females was 103-8 to 100; or, for every 10,000 males there were 9,636 females. Mr. Carey, the eminent American economist, gives the following computation. " The number of blacks, slave and free, existing in the United States at the first census, was 757,000 ; of whom 60,000 were free, leaving 697,000 slaves. How many had been imported it is im- possible now to say; but we doubt if the total amount of importation had exceeded 250,000. It was probably short of that number. The slave trade continued to be permitted until 1808, a period of eighteen years, during which time the number imported could not have exceeded 100,000, as the whole increase from 1790 to 1810, was only 620,000; and, according to the rate of natural increase since the time, it would have been 520,000. We think, therefore, that we are safe in saying that the whole Negro race in the Union, amounting now (1848) to about 3,250,000, are descended from 350,000 barbarians." In 1856, the number of slaves was computed at 3,600,000 in the Southern States. According to an estimate made in the same year, there were in those states a white population of 6,222,418, of whom the slave-holders and their families did not number more than 1,980,894, or about thirty-two per cent., and they held all the fertile lands, the possession of which confers upon them a monopcly of wealth and influence. They have grown up into a territorial aristocracy, and, since the foundation of the SLAVERY AND THE COTTON TRADE. 179 federal government, the south has dominated over the free north. Out of sixteen Presidents, eleven have been slave-holders ; and of the other five, three were notoriously elected by southern forbearance,- because they were pledged to support the "domestic institution." Indeed, southern influence has been conspicuous in filling up all the great offices of state. This great power must mainly be referred to the culture of cotton, stimulated by the manufacturing demand from Britain. Let us trace its progress. In 1770 there were shipped to Liverpool three bales of cotton from New York; four bales from Virginia and Maryland; and three from North Carolina. In 1784, the year after the treaty which closed the revolutionary war, and secured the recognition of American independence by Great Britain, a vessel that carried eight bales of cotton from the United States to Liverpool was seized in that port, on the ground that so large a quantity of cotton in a single cargo could not be the produce of the United States — so humble were the beginnings of this now extended culture. The invention of the cotton gin by Witney, in 1793, by cleansing the cotton at a very cheap rate, most powerfully stimulated production, and became an efficient causje of perpetuating slavery in a republic. Mr. Burn, in his valuable statistics of the cotton trade, states that the cotton wool imported into England, in 1781, only amounted to 14,603 bales; in 1856, it had reached the enormous quantity of 1,800,000 bales, an example of extended commerce, in so comparatively short a period, without a parallel. In the same year, the consumption in France,' in the north of Europe, in other foreign ports, and in the United States, amounted to 1,675,000 bales, making the total crop of the year 1855, 3,475,000 bales, the produce of slave labour. It has been estimated that the capital invested in the culture of cotton in the United States, including land, labour, tools, &c., amounts to 800,000,000 dollars ; and by the census of 1850, that industry was spread over 5,000,000 acres. Beckon- ing five dollars to the pound sterling, we have £160,000,000 invested in the " domestic institution." If the manumission of the slaves is to be purchased, who is to provide the money? Should this difficulty be surmounted, who are to cultivate the 5,000,000 acres of reclaimed land? or is it to return to a state of nature? Will the emancipated Negroes work for wages? What happened in our West India islands after 1834 does not favour such an expectation, and the disappointment there expe- rienced has not been lost on the Americans. To the value of the pro- perty involved in cotton, we must add that of tobacco, rice, and naval stores, the produce of slave labour, and of the shipping these products employ, and we are almost confounded at the immensity of the com- bined operation. We have stated the capital invested in the cotton culture but we have not the statistics of the other articles just 180 SLAVERY AND THE COTTON TEADE, enumerated ; nevertheless, the value of the exports for the year ending the 30th July, 1856, will enable the reader to form an approximate estimate. Value in Dollars. Exports of Cotton 126,000,000 Tobacco 14,717,468 Eice 1,717,953 Naval Stores 2,049,656 144,485,077 Considering the inseparable relation between the markets of produc- tion and consumption, and knowing that Lancashire at the present time depends on the United States for about two-thirds of the cotton it requires, we may observe that in addition to American capital invested in slave produce, we have from £60,000,000 to £70,000,000 locked up in mills and machinery, for the cotton manufacture; and if the supply ceased, how are we to find employment for our spinners and weavers ? We have made these remarks in the spirit of truth. We yield to none in detestation of the execrable system, but we wish to hold the balance fairly between England and America. We introduced the system and refused to abolish it when the United States were our colonies, and when several of the colonial legislatures resolved on terminating the odious traffic. When the colonies became independent, and began to cultivate cotton, we purchased it readily, and thereby held out the strongest inducements to extend the culture. But at the same time it must be remembered that America threw off monarchical constitutions and proclaimed herself a land of liberty. Negro slavery she did not throw off, for the Negro race were degraded and friendless, and slavery was supposed to be a profitable iniquity. American statesmen have proposed to terminate slavery by enacting that all of African descent born after a certain day should be free, but that would not benefit the living, nor has the proposition been received with much favour. Mr. Carey, whom we have already quoted, propounds the curious doctrine that the evil will cure itself. " With the increase of production," he observes, " they (the slaves) will obtain the control, for their own use, of a large proportion of the proceeds of their labour ; and that proportion will steadily increase, until there will be seen to arise a class of free black men, cultivating, for their own use, their own land, bought from their old masters, who will find in the price of their land a compensation for the price of the labourer. Ultimately, and at no distant period, those states will be owned and inherited by a race of free citizens, differing in colour, but similar in rights and equal in capacity to their fellow-citizens in the north." We will not dispute the SLAVERY AND THE COTTON TRADE. 181 fulfilment of the prophecy, but we have no wish to share the honour of the prediction. The conduct of European States in reference to the slave trade must now engage our attention. Spain stands prominent as the great delin- quent. Having liberated her from the armies of Napoleon, England, in 1814, requested her to discontinue the traffic, and a treaty was signed between the countries, which, without imposing any specific restrictions on Spain, contained an unequivocal condemnation of the slave trade. In 1817 this vagueness was removed by a new and specific compact, by which Spain undertook, in 1820, to prohibit her subjects from dealing in Africans ; and to make it the more binding, England paid her £400,000 as a compensation to those of her subjects who might lose prospective gains from the unhallowed traffic. At the treaty of Vienna, in 1815, all the European powers consented to suppress the nefarious practice, and philanthropy hoped that we had entered upon a new phase of civilization ; but it was mistaken. Spain never fulfilled her promise. In 1835 the British government, which had made repeated remonstraces, insisted on a new treaty with stringent clauses of penal law, even to the extent of making the slave trade an act of piracy. The treaty was signed, but the piracy clause was omitted ; the whole, how- ever, was treated as waste paper, the traffic being continued with un- relaxed vigour for the benefit of the planters of Cuba, while the captains-general of the island closed their eyes to the infamy on receiving three doubloons a-head for each imported African, such being the established tarifif of bribery. To cover their vUlainy the Spaniards hoist the American flag, and, as the United States will neither concede the right of search, nor even the right of visit, the vigilance of our cruisers is rendered in a great degree inoperative. The Americans are right in defending the liberty of their commercial marine on the high seas ; that is a sound principle ; but, without endangering their dignity or inde- pendence, they might consent to such modifications of the law as would crush both the slaver and the pirate. However, the course to be adopted by England is plain ; she should compel Spain to fulfil the treaties she has signed, and, in the event of her resistance, withdraw her ambassador from Madrid, and exclude her produce from British ports. On this subject the Bishop of Oxford recently presented a petition to the House of Lords, signed by the inhabitants of the parish of St. Mary, in the island of Jamaica, loudly complaining of the Cuban slave trade, and with reason, as they labour under the disadvantage of competing against continuous relays of imported Africans. It was an evil hour in which this country, while expending annually a large sum of money for main- taining a squadron on the coast of Africa for suppressing the slave trade, resolved to foster it by admitting slave-grown produce — a contradiction which evinces our folly or betrays our hypocrisy. 183 SliAVERy AND THE COTTON TRADE. To the faithlessness and wickedness of Spain, it is most painful tb add the criminality of France. Under the pretext of introducing free Negroes into Reunion and Guadaloupe, to supply the deficiency of labour there existing, letters of licence were granted by the government to M. Kegis, of Marseilles, and a firm at Nantes, to obtain volunteer Africans, agreeing to work for a term of years at fixed wages, and ship them to the French settlements. When this project was first announced, its dangerous consequences were foretold by the abolitionists. England remonstrated, when plausible assurances were given that every care would be taken to guard against abuse, but the recent case of the Eegina Cceli, in which a horrible massacre was perpetrated, too fear- fully proves that the imperial scheme of free emigration is in reality a revival of the slave trade. Referring to one of the vessels of M. Regis, Lord Brougham, on the authority of one of the officers of the ship, stated that the cargo consisted of 350 slaves, of whom 35 died in a passage of thirty days ; that the Negroes were brought down to the coast by the native chiefs, who were known to be slave dealers, the unfortunate creatures being captives of war ; and that during the voyage, they were kept in irons down in the hold. It is known that the Begina Cceli was fitted up with all the machinery of a slaver, though its owner, in a published letter, dated Nantes, 14th June, says, that " Captain Simon had no instruments of repression on board, beyond what are carried by all merchant vessels for the punishment of the disobedient." The vagueness of this language would confirm the worst suspicions, for it is not said the instruments were such as are always carried in French merchantmen. Under these circumstances, what is the duty of England ? With foreign nations, non-intervention is the golden rule, but where treaties exist, we have a right to demand their enforcement. This we have done for fifty years with Spain, but that faithless and ungrateful country is deaf to the claims of honour. We cannot proclaim war against her, nor seize Cuba ; but we can exclude her produce from our markets, and that is the policy we are bound to. pursue on the high grounds of morality, which are paramount to the dogmas of political economy and the principles of free trade. In regard to France, we are not in a situation, hampered as we are with a monetary system which at every turn represses the generous impulses, of the nation, to do more than remonstrate. Louis Napoleon is how- ever, neither insensible to public opinion, nor unacquainted with the. monstrous evils of the Slave Trade, and it is to be hoped that he will abandon a scheme which threatens a consequence so fearful as the re- vival of this abomination. England, however, has an ample field of usefulness before it, in refer- ence to the culture of cotton, in British India ; and we may indulge in bright hopes of success from the expedition of Dr. Livingstone to. YE PCTTING ON OP YE SCREW. 183 Africa. Into these subjects want of space prevents us from fully entering on the present occasion, but we may observe that the latest Parliamentary reports on our Eastern empire, point out with distinct- ness the proper course to be pursued in developing its resources. From that fertile country, Lancashire ■ may obtain a full supply of the materials of its industry, even should the African experiment fail. Indian cotton is free from the taint of slavery, and with proper attention it may compete in cheapness and quality with that of the southern states. In this direction we encounter no foreign hostility, nor are treaties needed. There a lucrative commerce may be based on the principles of morality, and we may enrich ourselves in proportion as we benefit the natives. YE PUTTING ON OF YE SCREW; OR, JOHN BULL— HIS MAETYE.DOM. rSCENE. — Y° Crypte under Sainte Christopher le Stoches,* his Church, in Loathhurie. Y' crypte is furnished wyth a racke and dyvers engines of torture. Tyme — Y' great Panyche. Master Weaklin {the rackesman), Master Lewys (y« turn-key), and Mastee Sampsone (clerke of My Lorde High Ynquisitore, and afamiliare of y^ Ynquisi- tion, better knowne as Sampson y' Twadlere) dyscovered.^ Master Sampsons. Is the rack ready ? Are the axles oiled ? My Lord High 'Quisitor anon shall probe His pestilential errors to the quick. Think you he will confess his heresies? Master Weaklin. Look you, Master Sampson! Touching harasies and the like, the discretion of my of&ce is not with your harasies, but your haratios. The discretion of my office is to turn the rack nimbly, and to do no violence to my brains with parlous subtleties. I will set to, and wrench and tug most manful, till such time as my Lord High 'Quisitor cry, " Hold thy hand, good Weaklin." But mark you: I will neither make nor meddle with such parlous matter as my handicraft wrings from the mouthes of the blasphemious. Truly, I think little good comes of thinking. Why, this poor fat-witted numbscuU, Bull, was always, to my seeming, a very honest knave till his mishaps set him a thinking. And what? Why, first 'a racks and harasses his mind; and then his body is racked for his harasies. I know a trick worth two of that, Master Sampson. Stick to business, and meditate no meditations, is the * Where formerly was y^ Crypte of St. Christopher le Stoctes, now is y» Banke parlour. 184 YE PUTTING ON OF YE SCREW J OK, humour of my wisdom. Let them think that have their commis- sion thereto from the High 'Quisitor. Mum's my word, Master Samp- son ; and the best chance for simple wits to stick to, is mwOT-chance. I am not above my office, nor, as I hope, below it; and I had liever ply the rack than reply to the derogatories ; for that is what your simple wits come to when they fall a thinking. What say you. Master Samp- son ? You are more of a clerk than I, but I would lay a pint you know better than think for yourself afore his lordship lays it down as thus — to wit, thus, and so. For, an you speak to a point over-pat, and his lordship should lay down other, why, it is flat harasy and misprizzum, which is terrible rife o' late, and let every honest knave look to 't, say I. Sampson. Thou discoursest like a book. Master Weaklin; and, i' faith, I too know my office better than to speak at random. My office is discreetly to make known, with a creditable and obstreperous iteration, what my lord saith. For what my lord saith cannot be wrong; for if he saith it, why, it is right. Argal — that which is right cannot, by no manner of interpretation, be both right and wrong. Therefore, do the common sort mark my words indiiferent respectful ; for, though they know not me, that I go masked alway for discretion's sake, they know that my sentences do issue from an authentic well of doctrine, sound and wholesome. Natheless, see you to the rack, and grease it handsomel}' ; for this Bull is a pestilent stout churl; and yesterday, when he kicked and bellowed so lustily, methought the winch seemed like to give way; and that were a scandal and a disgrace to all concerned, and might mar his confession. How hath he carried himself in the night — hath he shown any signs of contrition? Weaklin. Truly, 'a hath carried himself most unbearable contritions and contradictious. 'A hath groaned all night, that I could not sleep to hear him groan. And betwixt his groanings, 'a halted only to blas- pheme the holy 'Quisition, and to curse my Lord High^Quisitor. Much acliing of his joints hath disjointed his simple wits. Verily, I think 'a knoweth not what 'a uttereth. Sampson. Thou art too indulgent supposing his contumacy the eifect of madness. It is " mens reprobafa," not " mens insana." Did'st thou not take note of his words, neither. Master Lewys? Lewys. His words were as naught, and I was half asleep — yet not rightly awake, neither. I did hear myself snore several times, and was interrupted by his groanings and his babblings; but I took heed to mark them not, for, says I, "let me snore honestly — these be rank treasonable groanings : it were misprizzum of treason to hearken, even if an honest man hearkened in his sleep. Ask Master Weaklin!" Sampson. Nay, if thou heardest enough to know it was treasonable, surely thou can'st tell the drift somewhat — speak. Lewys. 'A raved most 'coherent folly. 'A said, " Tl^nquisition is Y' Putting on of y= Screw ; o r, John Bull— his Martyrdom. JOHN BULL-^HIS MAKTYRDOM. 185 no Christian dealings;" but I marked Mm not. 'A said, "It is an abomination of Jews ; " and, what is worse, " impostate Jews, wor- shippers of Baal and Bolok." 'A said, moreover Marry 1 I am afeard to repeat what 'a said. Sampson. Say on, and be not afeard. It is profitable to know the bottom of his wickedness. It is lawful to utter bad words in a good cause. Good Master Weaklin, I beseech thee discourse. Weahlin. Well, an you must know, 'a said, saving his reverence, that my Lord High 'Quisitor doth fall down privily and worship a golden idol that he calls Convartibility, and in its honour doth make sacrifice of the blood of the people. Nor is that all; 'a ribal'rously affirmed, that his daughter, that is called Commeroia, was betrayed to bad thoughts, and thence to ruin, by his reverence my Lord 'Quisitor, through uncomely questionings at confessional. That he did first his own pleasure on her, and did then deliver her over into the hands of ravening Hebrews that have not conscience enough to stomach honest bacon ; which Jews did handle her in no gentile fashion, for that they evil entreated, stripped and turned her out of doors. Nay, . that when the poor wench out of the wages of dishonesty doth earn any decent rag, these Jews do still persecute and strip her afresh from time to time, which is beastly behaviour. Sampson. This is a most monstrous fiction. The slut had never a groat's worth of either honesty, decency or discretion. She goeth so scantly apparelled because she hath no sense of shame. For if any one givesher a clout, she runs straightway to pawn it at the mountain of piety.* She dissipates her pence in gluttony and drunkenness (over-feeding is the cause of her leanness), and to excite compassion she sheweth to every passer-by a handful of pledge tickets, which the brazen huzzy saith should be as good as money (an' the pawnbrokers were honest), for that these dirty scraps of paper do represent the goods of which she hath been cozened in the hour of her hunger, and hath no hope to redeem. Were it not for these piety-mountains, which the holy inquisition, in its bene- volence, hath 'stablished, the lewd baggage must have starved miserably long since. Lewys. I 'fex it is a thriftless trull. Yet this bellowing haratio lays her dishonesty at our door! 'A saith, forsooth Sampson. Wag not thy tongue so loud! My Lord draws nigh. Enter y' Lord High Inquisitor Ophirstone, and y Barhier Chirurgeon PUMICESTONE. Lord High Inquis. Much broken bodily! obdurate still In the rebellious error of his mind — Says't thou? Be not faint-hearted, Pumicestone : * Commonly knowne in modem tymes as " mine Uncle hys Banlce." 186 YE PUTTING ON OF YE SCREW; OR, The rack shall teach him golden truths to-day! Bid him come hither, Weaklin. Weaklin. Please you, good my lord— the haratic is woundy weak i' the legs — and 'a is that heavy and hard to move, and perverse more- over, saving your reverence, afore God, I cannot shift to move him alone. Master Sampson and I, together, can fetch him. Master Samp- son hath the trick o' moving him better than I, my lord. An' Master Sampson tell him smoothly, " it shall ease him to be wholesomely racked once more;" 'a will yield himself up like a lamb. I' fex. Master Sampson can talk that learned to him of his sufferings, that 'a will take Master Sampson's word for't a'most as 'twere your lord- ship's own. Lord High Inquis. Bear a hand, Sampson: and thou, Pumicestone, Observe him ; for in shifting shalt thou mark His actual state— and how much strength we have This day to work on. [Exeunt Pumicestone, Sampson, Lewys, and Weaklin. Solus, addressing y' rack. Yes! there lies the flaw That makes thy reasoning falter, noble frame : Thy winches turn in sockets firmly fixed — Thy ropes strain tightly, harnessed to the truth, Which, like a high-wheeled wain, deep-sloughed in mire, Sticks in the scoffer's throat. Thy beams are tough — 'Tis not for want of stout appliances We fail to wrench the truth from stubborn jaws — 'Tis that we work on is so woful weak I Vein, nerve and sinew, muscle, joint and bone. Have a most poor capacity for pain. Whereby alone the wicked wisdom learn. For coward senses sickening out of reach. The wholsome wrench of sound conclusion rob. When faintness falls like a damp blinding cloud On the rack's keen-compacted argument. Perfect thine engine were, ingenious Peel, Save for man's fleshly imperfection. If sense held out till every fibre cracked, Conviction soon would reach each rogue we racked. He-enter Weaklin, Lewys, and Sampson, hearing Bull on a harrow, Pumicestone hy his side. Ha! miscreant — dost thou groan already? So; Set him within the compass of the frame. ( JOHN BULL-r-HIS MAKTYRDOM. i87 Stayl do not tackle yet. I'll speak to him. Wretch 1 dost thou own thine error? Dost recant? Sampson. Hark ye, friend Bull 1 His lordship is graciously pleased to interest himself in thy spiritual welfare. Hast thou no manners, sirrah? Answer his lordship. Perceivest thou not that his lordship hath hit the very pith and marrow of thy dilemma. Well doth he counsel thee to recant. For an thou recant not, verily it shall fare worse with thee, and that presently. Lord High Inquis. Perpend! discourse! No answer? Yoke his limbs — But ere you turn the winches, Sampson, read The golden mysteries. St. Mammon's creed. Sampson. Ay, my lord, that will I. This shall physic' his error if words can do't. ( Unfolds a copy of y" T newspaper, and points to the money article.') Ope thine ear, Bull, and yield thy most reverend attention ; for if aught can save thee from perdition, truly I think it be these most edifying and comfortable words — taken down most special and exact from his lordship's mouth by mine own pen, therein most highly honoured, albeit unworthy. ' (He reads.) " The origin and source of things is wealth — That wealth called ' capital,' from Caput head. Because wealth is the head and front of things. Thus capital is wealth, and wealth is gold. Thus gold and wealth are term's convertible ; And at the name ' Convertibility,' Which is the spiritual entity of gold. All knees bow. Mystic figures, 1, 2, 3,* .In grains of two-and-twenty carat gold, (Which is the standard of true purity. Because gold wears too quick without alloy,) Express the ' Sovereign ' of the universe — Which is such perfect measure, just and true, "We love to stamp it gratis in our mint, And circulate the image of all truth Throughout the world, a thought below cost price. Lovely is gold, pure, incorruptible, Indissoluble, bright, untarnishable ! Therefore I honour, serve, and worship gold, Putting my trust in gold, and gold alone. All human deeds in any other name (As in the names of Paith, Hope, Charity) Performed, are worthless, unless paid in gold. All fruit of toil, whereby the hands of men * He meaneth herehye how that 123 graines of golde do goe to Peel hys Pounde 188 YE POINTING ON OF YE SCREW ; OE, Supply want, comfort, luxury of men, Are naught when wages are not paid in gold. To say that ' paper stamped in labour's name, To measure interchange of mutual toil Will have a worth, because free interchange Of industry makes weal, and weal is wealth, And need stamps value without aid of gold ' — Is heresy most damnable, profane. And impious! Gold is value. Wealth is gold. To say ' a given quantity of work Requires some relative quantity of that Wherein the workers measure their exchange Of mutual aid in living — lest the hands That could supply each other's mutual need Be tied by money tightness, and that gold May or may not suffice, as accident Hither and thither drifts it,' is a lie. Gold is the law, and profits mean but gold." Lord High Inquis. Caitiff! confess these truths. Stand to your staves! Speak! or the winches turn. Bull (apologeticfilly). So help me heaven, my lord! I cannot tell! I am a simple soul, and always strove To mind my business. As for this discourse, I understand not e'er a- word of it. Lord High Inquis. Tighten the ropes! wilt now prevaricate? JBull {groans). Well, then, I don't believe a word of it. Lord High Inquis. Another turn ; he 'gins to speak his mind. Bull (roars lustily). This is a shame to rack an honest man Because he says no more than what's the truth. I say the times are bad and money's scarce. Lord High Inquis. Give him a turn. He's coming to the point. Bull {bellows). The times are bad, because the money's scarce. I say the rich grow richer — and the poor Are ground to dust. My sons are out of work ! My daughter walks the streets in hungry shame ; And me you rack, you best know why, my lord 1 Lord High Inquis. Monstrous ingratitude ! This discipline, This wholesome chastisement, and this alone. Inflicted for thy good from time to time, Hath kept thee from thy ruin. Turn the screw! Now! wilt thou not confess this does thee good ? And all its little health thy carcass foul Owes to the sovereign virtue of the rack, Which strains foul humours from thee like a sponge. JOHN BULL HIS MAKTYRDOM. 189^ Bull (bleeding at his nose and ears). Turn on; this can't lastl Let me die 1 Turn on I Lord High Inquis. This black stream spirting from thine ears and nose Shall purge thy frenzied and disordered soul. Confess, recant, and thou shalt soon be well. Bull. I die ; but hear me speak before I die. You worship gold because by gold you thrive ; You fatten on our hunger. Ah! you grin! Cr^king our joints is cracking nuts to you; You live by picking honest tradesmen's bones! You make black-puddings of our children's blood. You hail the panic that strikes England down, As carrion vultures revel when the plague Brings a fat crop of carcasses. Farewell I Lord High Inquis. The torture works. He spoke out freely then ; Another turn or two, and he recants. Sampson. Ay, my lord. Truly this is the sort to fetch him I He bleeds very freely. This will purge his wits. Fumicestone (whispers). My lord, he grows light-headed with the pain ; The loss of blood must shortly make him faint ; The merest trifle more will finish him ; Another turn would dislocate his spine, And that's as much as my diploma's worth. Besides, you can't convert him when he's dead ! -Lord High Inquis. Pshaw 1 Doctor — Bear a hand (Weaklin seems done ;) l^Pumicestone and Lewys relieve Weaklin at jf winch. The rogue's so inconvertible alive. He scarce can be at heavier discount dead ; If the worst happens, we can realise — Cashing his corpse at the dissection-room ; He'll cut up fatter than most bankrupts yet. Turn on 1 At least he's good for nature's debt. Just one turn more ! \One of the winch-poles hreaks, Fumicestone and Lewys fall on their iacks. Bull faints.'] Lord High Inquis. Sampson, stick to it. Give him one more turn! Sampson, My lord, I do my best ; but there's no strain At t'other end till they turn to again. 190 THE TWADDLE OF THE "TIMES." J'umieestone. Weakliti 1 release the prisoner 1 lose no time, — For, an his fit hold, we are ruined men ! Plaster and poultice all his started joints Thick with well-watered paper — Quick's the word I Keep moist the limbs, lest inflammation rise — Just liquidate the paper as it dries. If typhus supervene the patient dies. [^Scenefalls over Lord High Inquisitor, and Sampson reviling Pumicestone for having wilfully broken the winch-pole at the very moment when the virtue of the rack was demon' strating itself most forcibly.] THE TWADDLE OP THE "TIMES." NO. Ill, The sun of November 13, 1857, rose bright to everj' eye in thecity but that of the gentle Twaddler. He awoke to a sense of his incon- vertibility. The golden calf of his idolatry lay prostrate in the dust. There was no help for it. Hunipty-Dumpty could never be put in his former position. " The Bank Charter Act," he writes, " is abrogated. Its fate at the second time of trial has been the same as at the first ;" and " a law" he admits, " which has been contemned on each occasion of trial, must be looked upon as destroyed." But the Twaddler had still a duty to perform. That duty, in his own opinion, was to invent excuses for the disgraceful and contemptible failure of the exploded currency system of his party and his employers. However hopeless the attempt, it must be made. Too irretrievably committed to the fallacies of a theory to listen, for a moment, to the dictates of common sense or common justice, he could not draw back. He therefore twaddles as beforetime. " Although the announcement (of the abrogation of the Act) will give immense relief from fears which were rapidly spreading, there can scarcely be an Englishman who will not receive it with deep regret from the humiliation which it involves" We agree with him here. That such a nation as ours, with its immense resources, its high commercial character, and its energetic and industrious population, should submit to exist under the operation of money laws which periodically bring the national Bank to the verge of bankruptcy, and the country to the very point of a state of barter, is a fact which should be received by every Englishman with " deep regret from the humiliation which it involves." Eegard the position into which the Bank of England has been repeatedly THE TWADDLE OF THE "TIMES." 191 brougHt by the working of Peel's money laws. "We are not merely speaking of the Bank Charter Act of 1844, but of the system intro- duced by Peel's Bill of 1819. " In 1825," said Lord Ashburton, " the gold of the Bank was drained to within a very few thousands of pounds ; for, although the public returns showed a result rather less scandalous, a certain Saturday night closed with nothing worth mentioning remaining." After the Panic of 1847, the Governor of the Bank was asked in the Lords' Committee, whether if about £1,600,000 of their deposits had been withdrawn, the Bank must have stopped payment ? He replied, " Yes, we must." The Act of 1844 engaged to remedy the imperfections of the Act of 1819. It was deliberately and carefully prepared, and pronounced by its supporters to propound " the perfect system " of currency. When it signally failed in 1847, we were told by the promoters of the Act of 1844, that the fault lay in [the Bank ; that they had not promptly and courageously carried out the principle of the Act by contracting the circulation when the exchanges turned against us, as they ought to have done. We go on till 1857. California and Australia have unexpectedly strengthened the BuUionist party by throwing 150 millions of gold on the markets of the world. We are told by the supporters of the Bank Charter Act that the Bank has this time acted, in every respect, " admirably.'' When the hour of trial arrives, what is the result? The result is, that the position of the Bank of England is positively worse than it was in 1847. In 1847, at the time of the panic, there was a balance against the Bank for notes issued and deposits of upwards of 26 milUons, which it could not discharge in gold or silver. In 1857, the balance against the Bank was increased to upwards of 32 millions. It was only late in the afternoon of the day on which the Act was " abrogated" that a definite answer was given to the numerous applicants for the discount of first-rate paper, that the Bank could afford adequate help. There was barely a possibility of making the necessary arrange- ments before post time, without which arrangements confusion and ruin would have been spread in every part of the country. In the words of the Times' writer, " we were in a position in which no one could calculate on a resistless panic being kept off even for a single hour." The returns of the Bank after the suspension of the Act give this " scandalous " fact, that while these notes, " the promises to pay," had increased, during the week, by £1,223,055, the stock of gold against which these " promises " were issued, had decreased by £686,412. But this is not the worst. The Governor of the Bank is even now mysterious on the subject, but our friend the Twaddler is accustomed to sift out " correct information." Will he tell the public whether on the 192 THE TWADDLE OF THE "TIMES." afteraooa on which the Bank Charter Act was suspended, the Bank id Threadneedle Street had, to pay its 13 millions of private deposits, £5,000 in gold ? Had it £1,000 ? Or if less than £1,000, how much more than £500 ? Let the public remember that these " scandalous '' results take place in 1857, after the currency quacks of the Bullionist school have for thirty-eight years been incessantly engaged in doctoring the Act of 1819 . And then let every Englishman say whether the continuance of the Bank Charter Act, under such circumstances of scandalous and ignomi- nious failure, be not, in the Twaddler's own words, " lowering to our fame as a mercantile nation," and to be regarded " with deep regret for the humiliation it involves." The twaddle to which the Times' writer is obliged to resort in his attempt to defend a system which stands self-condemned, is indeed deeply " humiliating" to him. " There were remedies available," he says, " other than that of breaking and destroying the law." It was for those who had brought about the state of distress and ruin " to find their own means of extrication." He states who they are who, as he thinks, have brought about this state. " The whole history of our situation is plain. For years past certain provincial Joint-Stock Banks have gambled to an incredible amount by means of what are called re-discounts." Country Joint-Stock Banks discount bad bills, send them up when convenient to themselves to houses in town, whose business it is to discount bills ; these houses look only at the presumed stability of their customer the Joint-Stock Bank, and so when " emergencies" arise, alarm is created, and Government suspends the Bank Charter Act. But all this refers merely to the secondary causes of the evil. The secondary cause assigned in 1825 for the failure of the Act of 1819 was, that private bankers did not understand their business. To teach the private bankers how to bank, Joint-Stock Banks were encouraged. Still we had the monetary difficulties of 1837 and 1839. The unre- stricted issue of the Country Banks was the secondary cause of evil then assigned. Then in 1844, the Bank Charter Act made stringent provi- sions regulating the Banks of Issue, and increased the monopoly of the Bank. In 1847, came another failure; secondary cause said to be the bad management of the Bank of England. And now, in 1857, it is the re-discounting system. It will be evident, on the face of it, how opposite all the restrictive and arbitrary interferences since 1819, with the Banking system, are to principles of free trade which Peel and Overstone adopted. — A Joint- Stock Banking Company discount a bill. If they like to re-discount it the next day, they have a right to do so; and so with a dozen parties into whose hands the said bill may come. If bad bills are discounted, some of the parties must lose ; that is the proper penalty of their mistake THE TWADDLE OF THE " TIMES." 193 or their offence. Leave bankers, mei-chants, and discount bouses alone, says common sense, as well as free trade. Or shall we make the Twaddler head-inspector of Joint-Stock Banks, merchants, and dis- count houses, with full power,? to examine all day-books, ledgers, private ledgers, bankers' accounts, documents, and papers, as to the said in- spector may seem convenient and expedient ? Jones Loyd and Com- pany are removed from the South Sea House to their palace in Lothbury. Let us seize the appropriate locality, the happy moment and the happy Twaddler. Behold him installed, in majestic severity, on the throne of Mammon, with one foot " crumbling to atoms " the London and Westmin- ster Bank, and with the other crushing the prostrate firm of Overend, Gurney, and Company! Better fun this, O! Twaddler! than haunting the purlieus of Printing House Square with thy vitriol bottle of calumny and detraction, ready to pour out of thy store into the bleeding wounds of the ruined trader, or the broken merchant, as he lies at thy feet on the ground, robbed by the Usurer, and stripped by the Hard Calculator! But to return to the causes assigned for the repeated failures of Peel's monetary system. We are ready, of course, to admit that private or Joint-Stock Banks badly managed, merchants who indulge in wild speculations, discount houses which afford facilities for the accommoda- tion bill nuisance, are all evils ; but we say that the monster evil is the bad money law itself. The system of attempting to make a mixed cur- rency of a great mass of paper, supported on a slender basis of gold, fluc- tuate as a purely metallic currency would do', is itself absurd, impracti- cable, and ruinous. By forcing the Bank to buy gold at a fixed rate, when they are already overwhelmed with it, notes are forced into circulation, money becomes cheap and superabundant, and speculation, in one shape or another, is inevitably encouraged. This speculation takes different forms. At one time it is directed by circumstances to foreign mines and loans, and joint-stock companies, as in the years before the panic of 1825. At another to railways, as before the panic of 1847; or to bank- ing companies, and widely expanded foreign commerce, as before that of 1857. The undue expansion of the circulating medium creates specula- tion, just as its undue contraction creates panic; and Peel's monetary system enforces undue expansion at one period, and undue contraction at another. This money law is the true cause of the evil. Bad banks, gambling merchants, improvident or rash discount houses, are the creatures of this law's creation, and the tools by which its evil machinations are accomplished. The question is not between Joint-Stock Banks, merchants, and dis- count houses, on the one hand, and the Bank Charter Act on the other; but between the Government of this nation, and the people of England. Thousands of honest traders, who never gave an accommodation bill in their lives, agriculturists, who, for the most part, have nothing to do with 194 THE TWADDLE OF THE "TIMES." bills, and the whole working-class are involved in the pernicious conse- quences of a monetary crisis. But the Twaddler's mind cannot travel beyond the precincts of Change-alley and the Bank. Why, says the Times' writer, did not the joint-stock bankers and discount houses unite to " issue their promissory notes at three months, bearing 9 per cent, interest, and secured by their common liability," and so preserve the Bank Charter Act inviolable ? Why, indeed ! " Unquestionably," proceeds the Twaddler, " the character of the issues would have been damaged." We should think so ! What puerile nonsense this is every man in the City, and every person of ordinary understanding, knows. What the country wanted in the late, as in former monetary crises, was a legal tender money for the pur- poses of trade. Promissory notes of the highest character there were in abundance. What was required was money which could legally discharge the debt due from one to another. When the public got this by the free issue of bank-notes after the suspension of the Act, the panic was at an end. " If," says the Twaddler, " the example of 1847 had never been set, and persons had been taught to feel that, happen what might, the laws of the country would be rigidly kept inviolate" the suspension of the Act might have been prevented. He offers no proof of this. He has not a particle to offer. The fact is, that all had been done that could be done by merchants, bankers, and the Bank, to stave off the impending crisis. The Government, as the writer admits, waited till the last hour. And why did they not persist in maintaining the Bank Charter Act inviolable ? Why, when so many merchants and traders had been ruined for the preservation of a principle, not take their position boldly, and determine to stand or fall by the Bill ? A word will explain why. The Government daeed not do it. No Govern- ment, since the passing of Peel's iniquitous Bill in 1819, has been found bold enough or insane enough to attempt to carry out the prin- ciple of that measure. No Government will, in future, dakb to do so. On the 17th of November the Twaddler — or possibly, his " guide, philosopher, and friend," who knoweth — gets upon his high horse. Par- liament is about to meet. The causes of the suspension of the Act must, he says, " be thoroughly sifted and examined." Whereupon the Twaddler assumeth his office and beginneth to sift. " In England," says the sifting Twaddler, " every contract is made in gold. Any man who conies under an engagement to pay a certain sum on a certain day, pledges himself to deliver so many sovereigns.'' There can be no mistake about this. The Twaddler hath seated himself in the chair of Monetary Philosophy. The public openeth ears and mouth, and standeth around in respectful and admiring attention. The Twaddler reiterateth his grand axiom, " Nothing can be a legal THE TWADDLE 01' THE " TIMES." 195 tender in discharge of debts'but gold." " Gold, therefore, ig the true currency, and every attempt to substitute anything is simply an attempt to break a contract." " Government," the Twaddler modestly admits, " may legalise such a process;" the Twaddler having " bought a horse," may be forced " to receive a cow ;" but then this can only be done at the " expense of every principle of public morality.'' Will the gentle public allow us to break in upon their admiration, as they listen to their favourite oracle, to assure them that this grandilo- quent and dictatorial announcement is utter and entire twaddle. " In England," says this writer, " every contract is made in gold." " Nothing can be a legal tender in discharge of debts but gold." What is the exact fact? In Ireland and Scotland bank-notes, of any kind, are not a legal tender. Mr. Neave, the Deputy-Governor of the Bank, Mr. Palmer, Mr. Hubbard, Mr. Norman, and Mr. Blake, sug- gested to the Select Committee on Bank Acts of last year, that the system of legal tender should be uniform throughout the three countries ; that the Bank of England note be made a legal tender throughout the United Kingdom. In his examination before the Committee, Lord Overstone said, " I am not going to discuss a question of law, because I am no lawyer ; but it is the question of principle that you are called upon here to discuss. The principle is clear and distinct ; bank-notes are intended to circulate and perform all the functions of money through- out the whole of the kingdom internally, and they are therefore made a legal tender, or ought to be made a legal tender, on the part of all persons inter se, except the issuer." " It matters little," he says, " whe- ther the bank-note possess the power (that of being a legal discharge of every obligation) through universal and undisputed usage, or through the distinct enactment of law." With respect to Ireland and Scotland, he says : " I t?jink the Bank of England note ought to be made as universal in its character, and as universal an equivalent as it is pos- sible to make it. I think that the bank-note should be treated and used as a sovereign." Such is the principle laid down by Lord Overstone in his evidence and iefore the suspension of the Act as to the bank-notes being a legal tender throughout the United Kingdom. Did the Times' writer recol- lect this evidence, or did he not, when he committed himself to the statement that " nothing can be a legal tender in discharge of debts but gold? " But leaving the principle, let us for a moment regard the fact. " In England," says the Twaddler, " every contract is made on gold." " Any man who comes under an engagement to pay a certain sum on a certain day, pledges himself to deliver so many sovereigns." Such is Twaddler's law, and here is the law of the land :— " A tender of a note or notes of the Governor and Company of the Bank of England, 196 THE TWADDLJ5 OF THE "TIMES." expressed to be payable to bearer on demand, shall be a legal tender to the amount expressed on such note or notes, and shall be taken to be valid as a tender to such amount for all sums above £5, on all occasions on which any tender of money may be legally made, so long as the Bank of England shall continue to pay on demand these said notes in legal coin."— (3 & 4 Will. 4, c. 98.) The hardihood of assertion or the ignorance of a writer who, such being the law, can affirm that " nothing can be a legal tender on dis- charge of debts but gold," is, even in the columns of the Times, remarkable. The Twaddler is far too important a personage to notice the existence of a class of Englishmen whose contracts are made and debts paid, to the amount of very many millions annually, without the intervention of either notes or gold. The poorer class of labourers have little to do with gold. Their wages arc paid and expended in silver coin; such coin being merely a token of value of much less intrinsic value than the sum which it represents. Every merchant or trader knows that gold is never thought of in the contract to pay a certain sum on a certain day. His payments made in bills or cheques, must, he knows, resolve themselves ultimately into coin of the realm, or legal tender paper money, as the law directs. The principle of our present monetary system is, that the bank-note should be a legal tender throughout the United Kingdom. Ihe fact is that the bank-note is a legal tender in England. The party who enters into a contract to pay the bank-note in gold is the British Government, acting through the agency of the Issue Department — or Government office of the Bank of England. When the Bank, the agent of Government, is unable to fulfil its part of the contract, and cannot find gold for the payment of its notes, the Twaddler comes forward to vilify a third party : viz., the injured and half-ruined commercial public of England, who are the victims of the unwise and impracticable monetary policy of the Legislature. The Bullionist party, and their organ the Times, have thus added insult to injury till British flesh and blood will bear it no longer. The arguments which are based upon this writer's misstatement of a matter of fact, are as worthless as the assumed fact itself. The Twad- dler's "pure currency" is such as to render this country a laughing- stock to the world. "No doubt," he says, "if tlie Government letter had not appeared on Thursday, money would have been worth 20 or 30 per cent., owing to the general panic that would have been created;" but, he asks, " is it henceforth to be a law of the country, that in all cases of disturbance of prices from panic and misconduct. Government will step in between those who would respectively gain and lose by that panic, to the benefit of one party and the injury of the other?" THE TWADDLK OF THE " TIMES." 197 Now if gold were merely left to find its price as a commodity, there would be not the least necessity for Government to step in to interfere about it, any more than to interfere with the price of iron. But under the existing laws, when gold is withdrawn from the bank, legal tender money is contracted until the means for carrying on the trade of the country is so diminished that the exchange of commodities becomes nearly suspended for want of a medium of exchange. As the money becomes dear, from its scarceness, commodities necessarily become cheap. We ask this writer in the Times, this " prudent creditor," this member of the " clear-headed portion of the community who found themselves" with money at 10 per cent. " in a condition to buy property," if he has ever worked out what would be the condition of the English people when money had risen to 20 or 30 per cent? If with money at 8 or 10 per cent, commodities depreciated from 30 to 50 per cent, what would have been the depreciation of every description of property had the scarcity of money caused its rise to 20 or 30 per cent? Were it not for the misery that it would cause to the community, and the disruption of the whole social system, we should most heartily wish that the experiment were tried. That the Bank Charter Act were for once allowed to work itself out; that the system were fairly reduced to an absurdity by allowing it to have perfect action. Bad as the Bullionist paper money system has shown itself to be in America, ruinous and disastrous as the purely metallic currency of Hamburg has proved in the hour of trial, infinitely worse would have been the condition of England had the Bank Charter Act been allowed to exercise its malignant influence a day or two longer. The purse-proud and vain-glorious capitalist may prate about rival banking companies being " crumbled to atoms " by such an event, but we tell him his own ignominious downfall would have been only a matter of a few days. Our good friend, the Twaddler, would neither, in the Times nor out of the Times, have then been able to " make face," ' in which useful accomplishment we believe him to be second only to Mr. Commissioner Yeh. " Thanks to Government," they have been both saved for the present from the evil consequences of their own " blind stubbornness." And so we bid the Twaddler good day till our next happy meeting, and wish him every success in his endeavours, provided they are lawful,-^and twenty per cent, for his capital, — provided he do not obtain it at the cost of the producer. 198 PATHEH. THAMES ON TRIAL. Last week a very old and foul offender was brought before the police court of Westminster. He was charged with being a public nuisance. He was by trade a nightman aud general scavenger. But it was urged against him, that he exercised his functions solely as a pretext, carry- ing to and fro beneath the noses of his neighbours all sorts of fetid, noxious ordures, without ever practically removing them, or even seriously attempting to do so. That he made a show of spreading the filth on flats by way of drying it up ; and then, with the most flagrant inconsistency, would dilute it again with water — That when the police questioned him, he said he meant to wash it away." But when they asked him "Where to?" he could give no satisfactory reply; and mumbled something about " Mucking flats." To this the police had very properly replied that " they were not such flats as to allow any more of his mucking," and had accordingly taken him into custody. His worship ordered the prisoner to be brought in. His appearance excited the most unbounded disgust ; while the efSuvia he exhaled was revolting in the extreme. His worship called loudly for aromatic salts, and several persons in court fainted. During the confusion we had full leisure to note the culprit's bearing and exterior. He appeared to be of great age ; his countenance wore a smooth, treacherous, hypocritical expression, which he attempted to disguise under the affectation of helpless imbecility. His long hair and beard, matted with filth, hung about him in oozy tags and clots, some of which proved on nearer inspection to be the corpses of drowned kittens. What clothes he wore, if any, must remain in mystery ; he was so thickly smeared with the blackest slime, wet and reeking, as if he had been recently dragged out of the mud. In his hands he bore a large cracked crockery-ware bowl, half filled with semi-liquid facal matter, which slowly subsided through a round aperture in the bottom of the bowl, and streamed down his thighs. Under his arm he carried the carcass of a drowned dog, seemingly much distended with decomposing gases. Inspector Y, 4, said the prisoner had first given his name as Mr. Lambeth Reach, but he had several aliases. In the City, and especially about the docks, he had gone by the name of " Eool " ; some of the journals had mentioned him as " Cess Pool," but Cess did not appear to be a Christian name. He was best kown by the nickname of " Father Thames," but it did not seem he had any children — though many wished him farther. He was strongly suspected to be a wholesale poisoner. A lighterman of bis acquaintance had recently died under the most suspicious circumstances, laying his death at the prisoner's door. The prisoner had long been in very bad odour, and whether guilty of crimes FATHER THAMES ON TRIAL. 199 or not, was at any rate a public nuisance. He was moreover full of turns and windings, had nothing straightforward about him, and was to be considered a dangerous character. His worship said this was a very serious case, and ordered the prisoner to give an account of himself, and name his parish. Father Thames said he came originally from the Cotswold hills, in Wiltshire ; that he was a scion of the noble family of Rivers. His worship observed that the family name of Lord Elvers was Pitt, and if he had such a disreputable connection his lordship was very much to be pitied (nobody in court, however, perceived the joke). The prisoner said his name was not Pitt, but that he himSelf was more to be pitied than condemned. He had seen better days, and never thought he should come to this. He had passed through Oxford with credit and an unsullied name. He had on leaving the University allied himself with a young lady of good family, (her Christian name was Isis), who did not long survive their union. He had been presented to her Majesty at Windsor. Indeed there had never been a word against him till he came to town, when he had fallen into low company, and had all sorts of dirty jobs thrown upon him most unwillingly. His worship asked what was the use of the pierced bowl? He replied, he had from his youth upward been in the habit of carrying an urn, and this II was the best shift for one he had at present. Did he earn his living with it? He said it was a necessary part of his accoutrement. He had no original aptitude for his present trade as a nightman, which had been thrust upon him by the Sewage Com- missioners. His tastes were all naturally pure and innocent. His conduct was orderly. He appealed to the Metropolitan Police to bear him out when he asserted that he had never been drunk for years. He had done his best to carry his nightsoil to the sea. His worship asked him what sea, whether he alluded to the Bishop of London's see. No, the sea at the Nore, which threw up all he could carry down. It was a most thankless business, and he believed that the Sewage Com- missioners, the Metropolitan Board, and the Board of Works were the real culprits, while he, with the best intentions, got all the abuse. The Court should appeal to the Privy Council to enforce the necessary steps. There should be pipes and culverts to take the sewage under ground to at least twenty miles from London. He himself could force it along the culverts by flushing. His worship said no one could flush these pipes unless he was very flush of money, and that it was a question who would pay the piper. .The court having become most oppressive, the prisoner was discharged with an injunction to behave better for the future. The prisoner said he would do his best, but unless he had a weir or dam below London, 200 SHELLEY, AND THE POETS OF HIS AGE. the sewage must come back. His worship, as he left his seat, made some scarce audible observation, which seemed to have reference to the scheme of seeing the Thames dammed at the most convenient locality, but no definite arrangement was come to. SHELLEY, AND THE POETS OF HIS AGE. (Continued from page 64.) It has been unfavourable to n fair estimate of Shelley's poetical merits that his peculiar opinions, and his defiant acting upon them, have made his very name a provocative to polemical discussion. For our part, poetry appears to us to mistake its vocation whenever it becomes, directly or indirectly, didactic. Aristotle was right when he defined the function of poetry to be, the purifying of the soul by exciting a disturb- ance in the emotions. Its true object is to produce a state of mind, not to teach opinions, much less to argue about them. Shelley's poems, with the exception of his " Cenci," '' Julian and Maddalo," and a few of his minor pieces and unfinished fragments, all sin against this canon. We are not, however, warranted in excluding them from the domain of pure and genuine poetry for this defect. A faulty form is a drawback in poetry, as in the human frame; yet the variety and play of expression, or the silent influence of deep and tender sentiment, may go far to supply, and even to make us forget, the defect. The book of Job, among inspired writings, the poem of Lucretius, the " Faerie Queen," and Wordsworth's " Excursion," among the uninspired, although un- equivocally didactic, are undoubtedly poems of the highest order, full of passionate and delicate beauties. Poets are wayward beings, and we must put up with much at their hands; we must accept their priceless thoughts in whatever vessels it may please their moods and fancies to set them before us. But, it must be confessed, what is didactic or polemical in Shelley's works requires even a more liberal tolerance than it is necessaiy to exer- cise in the works we have named. In Lucretius, Spenser, AVordsworth, and the inspired author of Job, the didactic is at least the matured expression of lessons which experience has taught reflective and power- ful minds, accustomed to contend against their own headlong impulses, and to brood over the phenomena of external nature. They add a peculiar weight and value to the images of the imagination with which they are incorporated, transferring them into a something that is neither poetry uor instruction, but a mental and moral Corinthian brass, fused out of both by the ardent glow of impassioned iinagination, which, for its rarity, if for nothing else, becomes more valuable than either. But the- theories of Shelley have no such solidity and value in them. They are unsubstantial, gossamery plagiarisms from half-understood systems, the novelty and adventurousness of which had excited the wonder and admiration of an immature intellect. They were not enduring con- victions, the result of the cogitations of a lifetime, but the first stammer- ing eiforts of the ,fchool-boy to spell the elements of philosophy — false semblances of precocious wisdom, out of which an earnest and truth- SHELLEY, AND THE POETS OF HIS AGE. 201 seeking spirit oontipued to work itself free till the last moment of its earthly existence. They have no counterparts in real nature; they stand to the weighty reflections of a Wordsworth or Lucretius in some- what the same relation that the pasteboard scenes of a playhouse do to a real landscape. They are a positive drawback on the poems through which their endless thread runs, obtruding itself on the reader's notice at every turn, rendering them a metaphysical choke-pear to all readers except those who are inspir-ed with such a passionate love for true poetry, that they can enjoy it even when they are obliged to sift andwinnow it at every step from the dry husks of admingled sophistry. Perhaps the tone of these remarks may be as jarring to the unqualified idolaters of Shelley, as the tolerance which they indicate for what we honestly believe to be his errors, may be to the preconceptions of the antagonist literary faction. It is true that there is something in the silly and bigoted harshness with which the boy was treated at Oxford, and in the jaundiced legal bigotry of which he was made the victim a few years later, that necessarily enlists sympathy in his favour. But his idola- ters really ask too much of us, when they ask us to see wisdom in his crude and fantastic social speculations. The simple truth is, that in the domain of mental and moral philosophy, Shelley was neither more nor less than an enfant terrible. He played off his paradoxes in - society, with all the insouciance — all the utter want of any sense of responsibility — that a school-boy, at home for the holidays, administers ing doses of physic to the unsuspecting household, or lets off squibs and crackers amongst their shins. It is true that he meant no harm, but it is equally true that he did great harm, though he had not the sense to see that he was doing it. The indiscriminate admiration of Mr. Jefferson Hogg has presented us with a picture of Shelley's boyhood that is enough to convince us he must have been a perfect nuisance in any well-regulated household. To borrow the phrenological terminology, the organs of veneration and conscientiousness must have been quite undeveloped in him down to the time when he became personally in- timate with the Godwin family. Whatever he choose to say or do, he said or did without consulting any guide but his own absolute wil- fulness. The language in which he speaks at times of his father, of his first wife's sister, and of the unfortunate ex-schoolmistress, who was for a time their companion, is revolting in the extreine. He drew venturous . moral inferences from chemical phenomena, yet he never had any con- ception of what chemical analysis was. That his first wife was silly enough to have wrecked her own happiness without his aid we will not deny; but it is equally undeniable that his Will-o'-the-wisp misleading light it was that allured her to the shoal on which her reason made ship- wreck. To us, looking back on recorded events, it is now evident, that beneath this first intolerable crop of wilful petulance, there was gradually growing up a character of great beauty and purity ; but we have no right to blame his" contemporaries because this undeveloped excellence was hidden from their view by the rank growth of weeds which attained to maturity before it, and hid it for a time. As well might we quarrel with those who were disgusted with the violence of Petru- chio's Kate, in her period of unreformed shrewishness, because they were unable to foresee what a sweet and conformable wife she would become 203 SHELLEY, AND THE POETS OP HIS AGE, under the judicious management of one who was among the females of his age what Earey has since become among the equine genus. It is characteristic of the finer and more sensitive order of genius, that its first productions are frequently strongly marked with an imitative ten- dency. A young man of genius enjoys more vividly the beauties of art and literature than more common-place spirits. He instinctively imitates what he admires. Even when he flatters himself that he is original, it will often be found that he is not delineating nature, but simply reproducing with more or less success what has pleased him in the gods of his young idolatry. The earliest compositions of even the greatest poets have seldom been more than centos, more or less spiritedly strung together, of the ideas and versification of their most distinguished predecessors. Emotion is developed more early than thought. The poetic sentiment burns strongly before poetic modes of thought are acquired, and poetic diction mastered. It is not plagiarism, for plagiarism is the conscious and deliberate appropriation of another's thoughts and images, with an attempt to pass them off as the writer's own. It is obedience to the impulse of the poetic sentiment before the mind has had time to store up thoughts and images of its own, necessitating recourse to the treasures already stored up in the works of great masters. By degrees, as experience of life instils thoughts and images of his own into the mind of the young bard, he works in preference on his own material. So far from this unconscious imitation in the first works of a young poet being indicative of a lack of genius, it is rather indicative of that deep, sensitive, over-mastering devotion to the beautiful that is the best guarantee for future excellence. Shelley, like all men of real genius, passed of course through the imitative period. Indeed, he was still so young when summoned, that even in his latest writings he can scarcely be regarded as having entirely emerged from it. His first love in poetry was Southey, and of the influence of Southey in the . structure of his versification we find frequent traces in Queen Mab. The versification of " Queen Mab" is almost an echo of the versi- fication of " Thalaba." It is an echo, it is true, in which the notes and cadences are often diversified with a strange and wild beauty all their own ; but still it is an echo. The music of the verso of " Thalaba" had taken entire possession of the exquisite ear of Shelley for the time, and he took delight in repeating it over and over again, with many and delightful variations. The subject-matter of each poem, no doubt, differs materially. Even while strictly adhering to the wild features of the original Arab story, the more manly and matured mind of Southey inspired a sedate and coherent tone into his legend. The subject- matter of "Queen Mab" has all the crude incoherence of a boy's fiction, for the author was a mere boy when it was composed. There is despair- ing poverty of invention — a laboured attempt -to compensate for the want of the impressive by constant resort to the startling — in the crude combination of atheism with the machinery of a fairy tale. Yet the poem contains many passages of exquisite beauty — passages indicative of what the mind which conceived them would become when fully developed ; and the melody of the rhythm is so perfect and powerful, that it for the most part conceals the meagerness of the thoughts. With that first requisite of a poet — a perfect ear for all the changing harmonies and melodies of verse SHELLEY, AND THE POETS OF HIS AGE. 203 Shelley was richly endowed — perhaps more richly than any of his con- temporaries. We call this the first requisite of a poet, for without it the man of imagination may be an orator, in the common sense, like Burke, or, in the highest sense of all, like Bacon, but a poet he cannot be. To constitute a poet the instinctive necessity of utter- ing his thoughts ii;i reasonably modulated language is essential. His thoughts and images must necessarily and irresistibly move in cadence and find utterance in song. With Shelley this was eminently the case : the power of musical utterance was fully developed, while the power of generating thoughts worthy to be wedded to such utter- ance was yet in its infancy. In the next of Shelley's poems in point of time, " Alastor," we find he has moved out of the school of Southey into that of Wordsworth. This poem at every turn reminds us of the meditative musings of " The Recluse." The resemblance is not so exclusively tljat of versification as in the case of " Queen Mab." The resemblance is more ia the tone of thought, in the mystical longing to establish a complete harmony and interfusion of the mind and external matter. The blank verse of "Alas- tor " has no doubt some resemblance to the blank verse, not indeed of the "Excursion" so much as of" Tintern Abbey" and the " Westmoreland Eclogues;" but, with all our unfeigned admiration of Wordsworth, we must confess that as verse it appears superior to his. Wordsworth's blank verse is not equal to his rhyme. There is perfect sweetness and endless varietjf in the versification of his " Lyrical Ballads ;" but the versification of "The Excursion" — with reverence we speak it — strikes us as apt to be inharmonious and sometimes even lumbering. "In Alastor" there are passages of majestic and sustained modulation, such as we might in vain seek for in Wordsworth. When "Alastor" was composed, Shelley had not become so conversant with the elder poets of England as he afterwards became. In English poetry, his reading had been almost exclusively confined to the moderns. That he should therefore have given in his "Alastor" indications of a greater power of varied modulation, in blank verse, than perhaps any other poet of his age, is not the least among the many proofs of his being born a poet. In the " Cenci " — evidently composed while the profound impression made upon him by the great dramatists of the Elizabethan age was still in the first gloss of its novelty — we find a blank verse, which equalling in varied and melodious modulation that of " Alastor," has far more of vigour and elasticity in it. There is here the presence of a future excellence in blank verse, which might have surpassed that of all English poets but Milton, who alone has fully developed the capacity of the English language for this kind of versification. 'To escape the appearance of captious and hypercritical remarks, we pass over the traces of who were Shelley's favourite authors for the time, which may be found in his "Revolt of Islam" and his "Prometheus Unbound." And on this head we shall only say, regarding the " Cenci," that the unconscious adoption of almost entire phrases from Shakspeare in the murder-scene and some other passages, show how completely he was living at that period of his life in the world of that mighty master's imaginings. In each successive poem, published by Shelley, we find him emulous of a higher model. From Southey he advances to Words- 204 SHELLEY, AND THE POETS OF HIS AGE. wortb, and from Wordsworth to Shakspeare. And it may be added, that in each successive pubHcation we find less of the model which was evidently in his eye, and more of the individual mind of Shelley him- self. With greater mastery of language, he was rapidly acquiring a richer store of original thoughts and images. The boy-poet was grow- ing into the man-poet. The individual mind was coming to rely more entirely on its own resources. It is not easy to conjecture what the form and pressure of the fully developed genius of Shelley would have become. On his wondrous mastery of rhythmical language we have already dwelt with an earnestness which to some may appear excessive. But those who are most competent to judge of poetrjf will be the most prompt to admit that the word-music of the mind, which is quite independent of the inarticulate music of the voice or instrument, is the very soul of poetry. With that persevering earnestness of purpose which is an indispensable requisite of the great poetic, Shelley was also richly endowed. It was this undeveloped quality that lay most at the bottom even of what was amusing in his boyish eccentricities. After he came in contact with Godwin this characteristic received a rapid conscious development, and with every added year it became at once more circumspect and more confirmed. Another characteristic of the true poet must not be passed unnoticed. It has often been remarked how superior Shakspeare was to all his contemporaries — how alone he stood among them in his power of expressing female purity of mind. When Beaumont and Fletcher attempt to represent a heroine rebuking impurity, they endow her with an eloquence that betrays a full and accurate con- sciousness of what she is rebuking. Shakspeare's pure women are undeniably innocent of impure thoughts. It was the same with Shelley. Even in dealing with these questionable speculations regarding the intercourse of the sexes, to which he was so prone, there is a perfect maidenly absence of the sensual or impure in all his thoughts or words. This purity is ever wedded to all that powerful tremulous depth of passion which is peculiar to many natures. As for his range of thought, it was vast. There has rarely been witnessed such a Herculean, passionate, and indefatigable exploration of tlae realms of thought as characterised the later years of his brief life. Worming his way into the abstract subtleties of Kant or Spinoza, wandering in the imaginative worlds of Goethe and Calderon, gleaning from the conversation of friends or from books, conceptions of that busy life of man in society, from the actual contact with which he yet shrunk, like his own " Sensitive Plant," he was incessantly piling up stores of the most diversified and magnificent imagery. No less indefatigably was he cul- tivating the faculty of giving utterance to bright and great thoughts in adequate language. His poetic. i! versions of Goethe, Calderon, and the Greek dramatists, his innumerable lyrics and fragments of poems on a larger scale, are proofs of his incessant industry. In the whole range of the drama there is nothing so terribly tragic as the contemplation of all these fragmentary efforts, so instinct with vitality, so infused with beauty and majesty, linked with the reflection that, just as all these " star-like" ideas were in the act of " gathering to a, God," the ardent and daring Imagination — and beautiful as daring — which was to SHELLEY, AND THE POKTS Of HIS AGE. 205 have given them form and coherence as cue lovely yet colossal whole, was snatched away from the scene of its incompleted labours. It is as if the fragments of some future beautiful world, destined never to be completed, lay in wild confusion around us. And the fine spirit which collected them, and laboured upon them in love — where is it? If our reader has assentingly followed the course of the preceding remarks, he will be prepared to agree with us that the poems of Shelley cannot be criticised as organic wholes ; but rather as indications of what the poet might have become had not the envious sisters untimely cut the " fine-spun thread " with their " abhorred shears." The beauties of these poems — and they are full of beauties — lie like rich ore in the mine, unsifted from the matrix in which they are imbedded. Instead, therefore, of discharging the thankless task of expatiating on these characteristics of Shelley's poems, which will always render a great part of them " caviare to the multitude," it seems a more genial and profitable employment to cull from them some of those frequently recur- ring passages, instinct with life and beauty, upon which the true lovers of poetry will always be delighted to dwell. Perhaps in the whole range of poetry there is no passage more instinct with a delicate perception of the elemental beauties of nature than the following passage from the " Lines written among the Euganean Hills :" — 'Mid the mountains Euganean, I stood listening to the psean With which the legioned rooks did hail The sun's uprise majestical ; Gathering round with wings all hoar, Through the dewy mist they soar Like grey shades, till the eastern heaven Bursts, and then, as clouds of even, Flecked with fire and azure, lie In the unfathomable sky, So their plumes of purple grain, Starred with drops of golden rain. Gleam above the sunlight woods. As in silent multitudes On the morning's fitful gale Through the broken mist they sail ; And the vapours cloven and gleaming Follow down the dark steep streaming, Till all is bright, and clear, and still, Kound the solitary hill. Beneath is spread like a green sea The waveless plain of Lombardy, Bounded by the vaporous air, Islanded by cities fair ; Underneath day's azure eyes. Ocean's nurseling, Venice lies, — A peopled labyrinth of walls, Amphitrite's destined halls, 206 SHELLEY, AND THE POETS OF HIS AGE. Whioli her hoary sire now paves With his blue and beaming waves. Lo ! the sun upsprings behind, Broad, red, radiant, half-reolined On the level quivering line Of the waters crystaline ; And before that chasm of light, As within a furnace bright, Column, tower, and dome, and spire, Shine like obelisks of fire. Pointing with inconstant motion From the altar of dark ocean To the sapphire-tinted skies ; As the flames of sacrifice From the marbled shrines did rise As to pierce the dome of gold Where Apollo spoke of old. Were it allowable to institute comparisons between word-art, and pictorial-art we would say that this passage is eminently Turnerish. Like the works of that great painter, it indicates form by simplj' re-producing elementary effects ; and the clear bright light of early sunrise is as truly and powerfully given as in the magnificent picture of Ulysses taunting the Cyclops. It is in his portraiture of landscape that Shelley's poetical faculty was most matured. Men he was just beginning to see and know as they really are ; for a long time he only saw them through the medium of books, through a haze of words — words brilliant but unsub- stantial. But he was at home among, and familar with, all the forms of inanimate nature, from the lone and barren sea-shore — grand by the very force of its unproductive barrenness, with its desolation enhanced perhaps by some rugged, weather-worn deserted tower, to the inmost recesses of the colossal Alps. And every aggregate of senseless stone, or growing herb, is animated in his pages by a breath of life, which he has transfused into them from the overflowing redundant vitality of his own imagination. Of his intense power of enhancing the beauty of external objects by attributing to them the pulse-throbs of his own quick- beating heart, no more remarkable example can be selected than the opening lines of " The Sensitive Plant." THE SENSITIVE PLANT. A Sensitive Plant in a garden grew. And the young winds fed it with silver dew. And it opened its fan-like leaves to the light. And closed them beneath the kisses of night. And the spring arose on the garden fair, And the Spirit of Love fell everywhere ; And each flower and herb on Earth's dark breast Kose from the dreams of its wintry rest. But none ever trembled and panted with bliss In the garden, the field, or the wilderness. Like a doe in the noon-tide with love's sweet want, As the companionless Sensitive Plant. SHELLEY, AND THE POETS OP HIS AGE. 307 The snowdrop, and then the violet, Arose from the ground with w-arm rain wet, And their breath was mixed with fresh odour, sent From the turf, like the voice and the instrument. Then the pied wind-flowers and the tulip tall, And narcissi, the fairest among them all, Who gaze on their eyes in the stream's recess, Till they die of their own dear loveliness. And the Naiad-like lily of the vale, Whom youth makes so fair and passion so pale, That the light of its tremulous bells is seen Through their pavilions of tender green ; And the hyacinth purple, and white, and blue. Which flung from its bells a sweet peal anew Of music so delicate, soft, and intense, It was felt like an odour within the sense ; And the rose like a nymph to the bath addrest. Which unveiled the depth of her glowing breast, Till, fold after fold, to the fainting air The soul of her beauty and love lay bare ; And the wand-like lily, which lifted up, As a Msenad, its moonlight-coloured cup. Till the fiery star, which is its eye. Gazed through the clear dew on the tender sky ; And the jessamine faint, and the sweet tuberose, The sweetest flower for scent that blows ; And all rare blossoms from every clime Grew in that garden in perfect prime. And on the stream whose inconstant bosom Was prankt, under boughs of embowering blossom, With golden and green light, slanting through Their heaven of many a tangled hue. Broad water-lilies lay tremulously, And starry river-buds glimmered by. And around them the soft stream did glide and dance With a motion of sweet sound and radiance. And the sinuous paths of lawn and of moss. Which led through the garden along and across. Some open at once to the sun and the breeze, Some lost among bowers of blossoming trees. Were all paved with daisies and delicate bells, As fair as the fabulous asphodels. And flowerets which drooping as day drooped too, Fell into pavilions, white, purple, and blue. To roof the glow-worm from the evening dew. And from this undefiled Paradise The flowers (as an infant's awaking eyes Smile on its mother, whose singing sweet Can first lull, and at last must awaken it), 208 SHELLEY, AND THE POETS OF HIS AGE. When heaven's blithe winds hud unfolded them, As mine-lamps enkindle a hidden gem, Shone smiling to heaven, and every one Shared joy in the light of the gentle sun ; For each one was interpenetrated "With the light and the odour its neighbour shed, Like young lovers whom youth and love make dear, Wrapped and filled by their mutual atmosphere. In the controversy which agitated the critical world in Shelley's day about the comparative merits of a simple and natural, and of an ornate style, his natural taste led him to ciple of this new legislating had passed, they had served their purpose. And Lord Stanley framed on them a bill, which it is praise enough to say he successfully carried through the House of Commons, sometimes against all the old heads of opposition combined. From the first we judged that the temper of the Commons would be for the independ- ence of the council. And the report has proved the correctness of that anticipation. The council is as independent as was consistent with the responsibility exacted of the Secretary of State. The' weakest part of the bill is the continuous self-election of the council. It was a difficult problem to solve, and for the present no harm will be done at all events. In clause 14, we think, however, that sufficient provi- sion was not made for the incapacity of members of council from insanity or other illness, which disabled any member from voluntary resignation. To have no resource but an address to Parliameilt to say that some unfortunate member of council is mad or paralytic, and ought to be removed, is shocking to any ordinary sense of delicacy. Before these pages are in the hands of our readers the bill will have passed both Houses, and have become law-^and safe and salutary law, in our judgment. This is one success. Mr. Disraeli has achieved another : his ready adaptation of means to an end, in applying the true principles of local government to the Thames nuisance. But the principle involved in this goes farther. The metropolis is favoured in other respects than the one which had been threatened as regards the Thames ; for a demand was growing up for a national tax to pay for purifying the metropolitan river. Not to go further, we have never seen why this richest city in the world should not pay its own constables, like any other poor ordinary borough town. We have spoken in former numbers pretty freely of Mr. Disraeli : but we wish to speak fairly of all men. He has done much in the last month to raise himself in that portion of public estimation which he will find the most valuable, viz. the quiet and observing portion, — 1st, by the above measure; 2ndly, by a less ambitious and meritorious tone of speech and demeanour in the House; and, 3rdly,by the conduct of the business of the House. Since we presume that if to the leader of the House blame is to be attributed if bungling management leads to an unduly prolonged sitting, so praise must be awarded to him who brings the sitting of Parliament to as speedy a termmation as is coti- sistent with the real requirements of public business. In Mr. Disraeli|s powers of business we had always confidence; and also in his desire to redress practical abuse— both those qualities he exhibited in 1852 The quality we have hitherto taken exception to is the appearance of a want of earnestness and sincere conviction in debate— a want for which no rhetorical dexterities can compensate. When a man is doing the business of life, he excites neither respect nor confi- dence if he appears to be merely acting it. If the latter only was wanted, Mr. Kean would perform the part much better. Having expressed this view sometime ago, we are the better pleased to have an 263 FOJ.ITICS OF THE MONTIT. opportunity of conveying a just tribute to what are the merits of Mr. Disraeli. One effort of his " Thames" Bill will be to override any decision to which the committee now sitting upon it may come. But our tribute cannot be of an unqualified kind to Mr. Disraeli. What apology can he make for the puling fallacies to which he gave utterance after dinner at the Trinity House, when the Prince Consort presided? Has he ever seriously thought on the subject on which he spoke only a few words in toasting the Governor and Deputy-Governor of the Bank of England? Did he attend the " Bank Acts" Committee? Did he read the Report and the Counter- Report? If so, can he deny the principles laid down in the latter? — or, if he does deny, can he answer them? That Report is in full in our present number; let our readers judge. "Periodical panics a necessary part of civilisation 1" These were in substance Mr. Disraeli's words. If this be so, we may parody the quaint notion of Sir William Gill : " Do everything you can to establish liberty in your own country (lie said), and then go and live in Turkey." Let us do all we can to hasten the progress of mankind, and establish what we call civilisation, and then let us fly from the work of our hands, as from a upas-tree, into the wilds of Africa. There, we will be bound, men traffic from year to year, and pass their cowries from hand to hand in their own rude way, without ever hearing or dreaming of anything so fanciful or philosophical as a panic in the money market, which, by a sudden jerk, brings all their primitive interchanges to a dead lock. Are the wants of men continuous and common? Is trade the means whereby they are sujjplied? Are men ordained, according to their several qualities and capacities, to supply the wants of each, and to obtain a living thereby? Then, if the wants and necessities are never-ceasing, tell us, Mr. Disraeli, if you will be so kind as to explain, why periodical panics are a necessary adjunct of civilisation. In our innocence we imagined that same civilisation to be a weapon in the hands of man to cut away from before him the obstacles in his path. It appears we were wrong, and that civilisation is but a dead wall, which in our blindness we build up only to knock our heads against. Mr. Walpole has had charge of " The Corrupt Practices at Elections" Bill, which had far better have been merely " A Continuance Bill," since the same subject must be legislated upon next year, and we trust in a better way. The only clause of any moment in the bill was that relating to travelling expenses. These expenses Mr. Walpole proposed to legalise for the first time, and the House of Commons has supported him. But " corrupt practices at elections " will never cease so long as so convenient an opening is afforded as this ; spite of Mr. Ayrton's amendment, which was adopted, viz. : — " That it shall not be lawful to pay any money, or give any valuable consideration to a voter for, or in respect of, travelling expenses." A good provision, if the principle is to prevail. A better mode of meeting the case would be to take votes in every parish; and this, we. trust, to have no plea for travelling expenses, will form part of the New Reform Bill. This is about the worst specimen of legislation the Derby Government has exhibited. It is one which no member of it, of independent thought, like Lord Stan- ley, would have been betrayed into. It is the hardest blow ever yet POLITICS OF THE MONTH. 263 aimed at tlie independence of the voter; and that from the highest source. Well might Bernal Osborne say he had heard the franchise was a trust, but now he found it was only a perquisite. Well 1 The Currency Quacks are to have another chance, and New Caledonia has made common cause with Australia and California, and come to their rescue. As its first result, it has brought out the new Colonial Minister, Sir Bulwer Lytton, in a speech of plain good sense — a great merit in a literary politician. No one can help admiring what are called the eloquent (but what we should rather term the well-pre- pared) passages of Sir B. Lytton's speeches. But the delivery is mouthy, and the effect far below the literary merit of the composition. From his infirmity of deafness he never can be a ready debater, and yet he is a power in the Government. His speeches go forth to the public, and read well. Yet it is not as a debater that he will be the greatest acquisition to Lord Derby's Government. Sir B. Lytton is, and has been long, a close observer of men. He is always learning and picking up materials for judgment. Whereas most Ministers come into oflBce, at least into the Cabinet, with a limited amount of knowledge, and that confined to what they picked up at Eton and in the pigeon-holes of some department. For the rest, thej' are as oblivious of the growing wants of their fellow- creatures as the occupant of the cave of Engedi. Sir B. Lytton has observed much, and is not unapt to draw from his observations wise conclusions. It is not therefore so much as a debater, but as a sage counsellor, that he is an acquisition to the Derby Govern- ment. We wish the case of Sarawak fell within his province, as it should naturally, one would think. He would have the sagacity to see in what risk we stand of losing this admirable position, at the entrance of the China seas, ior so many purposes of our eastern commerce and dominion ; the only substitute for Java, which we so ignorantly yielded up to the Dutch, whose eyes are already glistening at the prospect of gaining this only remaining station which commands that important channel, and which Sir James Brooke will probably be compelled to transfer to them, if we are too dull or too sluggish to profit by his liberal offer of it to us. We trust that the discussion which has lately taken place in the Commons relative to the Slave squadron, together with the change taking place in public opinion on the subject, is a prelude to its with- drawal. Willingly would the nation consent to aid in stopping this nefarious traflfic, if the evil showed any symptoms of decrease in conse- quence. But is it not a fact that the million per annum we expend in this holy cause is not only thrown into the sea, but absolutely adds to the suffering of the poor victims in the horrors so often and so patheti- cally described of the middle passage? But even if there were some doubt on this point, the late diplomatic passage of arms between us and the United States, as to the right of search, ended as it has, makes the further prosecution of our attempt a mockery and a jest. If the United States would really prevent the importation of fresh slaves into Cuba, as she does, we understand, faithfully into her own states, in Heaven s name let her take possession of it and so end at once this great world's 26% POLITICS OF THE MONTH; Trade still stagnant, and the Twaddler (vide City article, July 15) gibbering and maundering upon it. "The long-continued inactivity, in all descriptions of securities, excites little public remark; yet every, one is thinking of it." And what is the tub to the whale which this sapient writer throws out? France! French increase of armaments 1 French invasion 1 No ! no I Agonistes ! " Thinking of it," no doubt.' But it is not France every one is thinking of, unless it be how France escaped in November last the commercial hurricane which fell on this country like a tornado. It is not France, but the panic of 1857 — the legitimate result of English legislature — that every one is thinking of; and whether after being so often pulled up short in the midst of even the most prudent undertakings, it would not be sheer madness even to enter into commercial adventure again.. That is what they are thinking of, as they did after 1825, '37, '39, and '47. No doubt " the dog will return to his vomit;" but the old dog runs cunning at last. He has had some considerable rubs on his bump of caution. Our gracious Sovereign passes a more loyal judgment on the inten-. tions of her Emperor ally than purblind prophets like these would indicate. We are not afraid of Cherbourg, nor of France, nor her fleet.. Had we been France, and France England, we would have had (or at kast passed resolutions to have) Cherbourg what it is long ago. Except that, our resolutions have been indifferently fulfilled. We have been attempting to do at Plymouth and Portsmouth and elsewhere what Napoleon has virtual!)' designed at Cherbourg. We are obliged to our imperial ally for the hint to keep always afloat an efficient channel fleet, under a vigorous commander, such as Keppel. Just see what a real good old commander will do for us by what has just happened in China. The whole British fleet, capped by a couple of French gun- boats. It is enough to make wise men sigh to know that everything we do must begin with infatuated pottering, although it be bungled through at last into a slow success, generally at the cost — unnecessary cost — of valiant life. And so we wish our gracious Sovereign her own proverbial weather for this magnificent fete, and a friendly meeting with her august ally (For the more of these national interchanges of courtesy the better ft)r a growing good understanding between the two great neighbours) ; and to her faithful, and loyal, and loving people, especially to the politico- parlimentary portion of them who honour these papers by their atten- tion, a grateful farewell till our gracious Sovereign summon us once more to attend her council at Westminster. Meanwhile, we sincerely trust our holidays may be spent in peace, and no untoward complications arising out of the necessary retribution for such barbarous atrocities as those committed at Jeddah, may disturb the equanimity of our repose. And that ere we meet again, India may be itaelf again. Dieu dispose. 265 DEAPT REPOBT OF THE SELECT COMMITTEE ON THE BANK ACTS, 1857-8, AS MOVED BY MR. CAYLET. Your Committee have sat during the greater part of two Sessions, but have been subjected to repeated interruptions in their sittings. They have examined a number of witnesses, and beg to present the following Eeport : The Committee was appointed early in 1857, to inquire, mainly, into the operations and effect of the Banking Acts of 1844-45. On this point they obtained a great amount of valuable information during the spring and summer of last year, which was published in two volumes; one of Evidence, the other Appendix. After such publication, and during the last autumn, a severe mone- tary panic and commercial crisis occurred. The cause of this grave occurrence was referred, as an additional element of inquiry, to your Committee. The chief conclusions to be drawn from the evidence now taken are — 1. That the panic of 1857, and all other panics since 1819, were preceded by a heavy drain of bullion. 2. That the rate of interest or discount rises and falls with the ebb and flow of bullion. 3. That the dividends to the proprietors of the Bank of England rise and fall in sympathy with such rate. In the last half of the year 1852, the rate of discount was (according to the Governor of the Bank) 2 and 2i per cent. The dividend of that half year was at the rate of 7 per cent, per annimi. The last half of 1857 the rate of discount ranged from Og to 10 per cent.; and the dividend, as declared in March 1858, was at the rate of 11 per cent. 4. That upon a continuous chronic drain from this country to the continent of Europe, and to the East, there supervened in October last an almost entire suspension of cash payments in the United States ; which aggravated the drain, and, cotemporaueously, the severity of the Bank of England's restrictive operations. 5. That this great national suspension disappointed mercantile houses, of the first standing and credit in this country, of their expected remit- tances (such as Messrs. Vickers & Co., of Sheffield, and Messrs. Dennis- toun of Glasgow and London), and caused them to suspend payment althouo-h in possession of ample assets available for the liquidation of all their liabilities. 266 DRAFT KEPORT OF THE 6. That the Borough Bank of Liverpool and the Western Bank of Scotland were directly affected by the suspension in the United States ; and that it was probably the proximate cause of their stoppage ; but that botli these banks, together with the Northumberland and Durham Dis- trict Bank (which failed subsequently to the panic), were managed, or rather mismanaged, in such a manner as to ensure under any adverse pressure great loss to their proprietors. 7. That under the circumstances of these and other failures, accom- panying an increasing and unprecedented high rate and difKciilty of dis- count, an internal panic took place, by which the Bank reserve was greatly diminished; and it became unable to control the amount of its notes with the public when seized with panic. 8. That the entire reserve of the Bank of England on the day of the issue of the Treasury Letter was only 580,751Z. (including London and all its branches); their deposits at the same time amounting to 22,500,000Z, ; of which near six and a half millions belonged to London bankers. 9. That the Bank of England, in the difficult position in which it was placed under the drain and panic, conducted its affairs with great discre- tion and promptitude for the relief of commerce. 10. That unless the Treasury Letter had appeared at the time it did a general suspension of cash payments would probably have occurred. 11. That trade was considered indisputably sound by the witnesses of last year; and the same view was entertained by the great majority of the witnesses of the present Session; although complaints have been made, since the panic, of a growing system of a fictitious bill-drawing between this country and the United States ; and also with the north of Europe. 12. That trade still stagnates under the effects of the late panic. A question was raised of some curiosity, but perhaps of small practical consequence; viz., in case of the suspension of the Bank of England on the Thursday afternoon, November 12 (which the Governor stated niust have taken place if a withdrawal of 1,000, OOOZ. of their deposits had taken place suddenly, and no Treasury Letter had been issued), would the depositors and the note-holders of the Bank of England have had an equal claim to the bullion remaining in their coffers? A paper on this point, prepared by Mr. Freshfield, jun., solicitor to the Bank of England, for the information of the Chancellor of the Exchequer, in November, 1856, was brought under the notice of your Committee. It is a very valuable document, and deserving of attention ; and the concluding paragraphs are so important, that they should not be omitted from this report. They are as follows : SELECT COMMITTEE ON THE BANK ACTS. 267 "16. The credit of the Bank is not and never has been in doubt. It would be unwise to raise such a question if there were a doubt. It is still more so in the actual state of things. "^ 17. The risk to be apprehended is a drain of gold. Under such a drain, the Bank has stopped -payment heretofore with little or no bullion in its coffers, but witheutthe slightest discredit, and it is not likely to be now discredited if it should stop -payment with 3,000,000Z. or 4,000 ,000Z. of gold in its coffers. "18. Nor is it likely that discredit should arise from the state of the deposit accounts. Every one knows that the Bank has ample means to meet its deposits. The argument that the small amount of notes in re- serve tends to discredit the Bank in the Banking Department is an argu- ment against publication, or against the limit of issue, and not against the appropriation of gold in the Issue Department. " 19. Assuming, therefore, the extreme case of a suspension, the difficulty would not be the discredit of the Bank, but a want of circula- ting medium. " 20. The Bank-note circulation required by the public is about 20,000,000Z. ; and if the circulation were reduced to as low as 17,000,000/., or 18,000,000/., the Bank still have 3,000,000/. to 4,000,000/. of gold. "21. The Bank, by extreme pressure on the community, might get on and cancel even more notes. But before this the pressure on the com- munity, from want of circulating medium, would be so severe as to pro- duce universal suspension. The private banks would be stopped, and the whole exchange of the country at an end, and the mercantile com- munity would be reduced to a state of barter. " 22. To inquire, therefore, of the rights of the Bank creditors is futile. They are safe in any case, and the question resolves itself in'^o that of the policy of limiting the issue of bank-notes, not of the security for the issue." Mr. Rodwell appeared on the part of a section of the country bankers. He was of opinion that the Act of 1844 should not be disturbed ; although (with others of his class examined) not approving of some of its limitations. There seems an apprehension on the part of the English country bankers, and also among the Irish and Scotch bankers, that if a change takes place, they may lose that monopoly of issue which they obtained under the Acts of 1844 and 1845. The ques- tion of the propriety or use of this limitation of issue was frequently raised in the examination of the witnesses before us ; but the general view was that an excess of issue, where there was competition, was (under the system of the frequent exchange of notes by bankers respec- tively) virtually impossible. The Bullion Committee of 1810 came to the same conclusion. 268 DRAFT REPORT OF THE Of the witnesses examined by the Committee, — 23 were bankers, whose examination lasted ... 22 days. 5 merchants or manufacturers ^3 1 banker, sent by the Chamber of Commerce of Leeds j " 3 theoretical witnesses 5^ „ 1 bill-broker H » 2 accountants 1 » The views of the several witnesses are divisible into four classes : 1. The followers of Lord Overstone, who would maintain the Act of ] 844 intact. Of this view, the directors of the Bank of England, toge- ther with Lord Overstone, were the chief exponents. 2. The followers of the late Mr. Tooke, who favoured entire freedom of action on the part of the Bank of England, confining them merely to the convertibility of their notes, and to the miintenance of an average of about 12,000,000Z. of bullion. 3. Those who were on the whole friendly to the Act of 1844, but would extend the issues on securities to about 16,000,000?., instead of 14,.500,000i., and who would, some of them, allow greater latitude to the issues of country bankers. And, 4. Those who, to prevent that shock to confidence which has always followed a large withdrawal of the base of the circulation (gold), suggest that 16,000,000?., or even 20,000,000Z., might be issued on securities without the obligation of convertibility into gold; the remainder of the Bank of England's issue being on bullion, as at present. Both classes of notes to be a legal tender. The Act of 1844 was intended to secure the complete fulfilment of the principles of the Act of 1819, chiefly by a system of checks, and by an ingenious contrivance for preventing mismanagement on the part of the Bank of England. The Bank having been supposed bj' the authors of the Act of 1844, through their mode of management, to have been instrumental in producing the pressures or panics of 1825, 1836-37, and 1839-40, was thus left less of a free agent than before, and subject, in their management, to the unbending rules of the new machinery. Sir Robert Peel, the Parliamentary author of this act, appears (as iodioated by his speech on the introduction of his bill of 1844) to have expected and intended that pressures and panics, such as those which had periodically occurred from 1815 to 1844, would be prevented or lessened. Twice in ten years this expectation has been falsified, despite of the extraordinary and unexpected aid afforded to the working of the act by the great gold discoveries; especially during the war with Russia. And in 1847 and 1857, if we are to believe the evidence afforded us, the panics were of a more intense and destructive character than any SELECT COMMITTEE ON THE BANK ACTS. 269 which had taken place before. In our endeavour to elucidate the views of the supporters of the Act 1844, the reason for this will be sufficiently obvious. The first and great principle of that act is, that the currency shall fluctuate and operate precisely as a metallic currency would do. All its machinery is contrived for this end. But the difficulties in the way of a complete carrying out of this principle are vast, if not insuperable. The instinct of self-preservation, the moral courage of governments, revolt and quail before its rigorous consummation ; as the Treasury Let- ters of 1847 and 1857 seem conclusively to indicate. What are these difficulties? If what we call money, in the aggregate, partook of the same qualities as other material possessions, this subject would be relieved of much of its difficulty ; but it does not do so. It is for the most part an abstraction rather than a reality — a power rather than entity. It is, as it were, existent and non-existent at the same time. Who, it may be asked, are the owners of money in this rich empire? And to what extent is it so owned? They are the holders of bank-notes of every kind ; the depositors of all the banks in the United Kingdom; the creditors of all the bills of exchange and promissory notes, of mortgages and debentures, of the book, bond, and judgment debts, of wages, rent, and taxes, &c., falling due at any one time. Such are the owners of money ; all which is in the last resort legally due, and payable, on demand, in gold. The aggregate of these liens on gold cannot be less, it has been stated, than 500,000,OOOZ. sterling. In addition to this amount, and due at more distant dates, are the remainder of the mortgages, debentures, bonds, &o., not falling due upon any particular day : and the entire total has been estimated as not under 1,000,000,OOOZ. But it is probably more. Where is all this money? Is it in existence? Or is it merely a title to a given amount of gold ; which we make our legal tender? What is the amount of this legal tender in the last resort, i. e. of gold available at any one moment to the claimants of this large amount of money? That, and that only, which is in the tills of the various banks, and in both 'the departments of the Bank of England: a sum varying from 8,000,000Z. to 20,000,000?. For the 50,000,000 or 60,000,000 sove- reigns' said to be permeating the channels, and performing the functions of domestic circulation, are the property, for the most part, of other owners, viz., the working classes, and those engaged in retail trade. Since the minor cannot comprehend the major, it is clear that 8,000,000?. or 20,000,000?. of gold is insufficient to satisfy a claim of 500 000,000Z. of money, if exacted. It is equally clear that money is not 'a thing which, as a whole, can at one time be transferred like corn and cotton, or any other material substance. The operations of mankind in reference to it are based on the assumption that money in 270 UEAPT REPORT OF THE itself is of no value in use, whether consisting of gold or other material; and is precious only as a means of supplying the natural wants or de- sires of men for other things. All the borrowers of money, therefore (whether banks or others), take it on the principle that, under ordinary circumstances, it will not be the interest of the lenders to demand it for the purpose of lying unproductive in their own coffers; or to combine for the purpose of simultaneously claiming immediate payment of all obligations. So far our system of money is based on the doctrine of chances ; and all banking and brokering of money has reference to such doctrine. It was next to an universal combination of the owners of money that in the last autumn caused nearly an universal suspension of payment among the banks of the United States. A combination impossible to be withstood. It is a concurrent disposition to hoard when gold is ebbing from the Bank of England's coiFers that leads to such panics as have been so often experienced in this country. The means of immediate liquidation in gold, it is thus clear, are out of all proportion insufficient at any one moment for the extent of obliga- tions. It will not, therefore, be surprising that every witness examined (except perhaps Lord Overstone) declared our monetary system to be one of sufferance — a system really based on confidence. And the greater portion of the evidence of last year, and the earlier part of this, is occupied with a subtle and minute examination and cross-examination into the mode by which the Bank of England actually has or might have manipulated the notes they were empowered to issue, so as to make 10,000,OOOZ. or 15,000,000^. of gold fulfil the functions of 500,000,000Z. In other words, whether they did or did not conduct their operations in strict conformity to the true doctrine of chances. Lord Overstone and his followers contending that there was no security for the convertibility of the note on demand unless the Bank was re- stricted by the rigid rules of the Act of 1844. The followers of Mr. Tooke, on the other hand, affirming, and apparently with reason, that for the working of this delicate machinery, a machinery liable to the friction of such sudden and hazardous contingencies as those of the alternations of human interests and human motives, the utmost latitude of discretion and freedom of action were demanded. Experience has, however, shown, that, under such a system as now exists, no machinery, however ingenious, no mere dexterous manipula- tion of bank-notes, is competent to prevent great disasters, such as befel the commercial interest periodically during the thirty years before the Act of 1844, and in the course of the fourteen years since its enactment. Gold being in the last resort the only medium of legal payment, whenever the Bank stock of bullion has fallen to 10,000,00OZ. or 11,000,000?., public apprehension begins to be entertained that the. SELECT COMMITTEE ON THE BANK ACTS. 2.71 usual supply of legal tender for the liquidation of transactions will fail. And it is remarkable that the very means apparently intended by the Act of 1844 to give facility to the circulation (viz. the power to issue 14!,000,00W. on securities in addition to the issues on bullion) should be one main cause of the Bank resorting to those restrictive operations which so frequently terminate in panic. The panic, in fact, apparently, has its origin in the Bank parlour, under circumstances like the following : — The Bank has in its coffers at any given moment (say) 16,OO0,O00L ef bullion, and the right of issuing 14,000,000Z. on securities; or to- gether, in the aggregate, a power of issue equal to 30,000,000?.: 1,000,000Z. notes are (say) out with the public; 12,000,000L are in reserve. Credit is easy — confidence strong. When such is the case, transfers of credit perform the greater part of the functions of circulation without the intervention of bank-notes. A drain sets in; the store of gold falls to 10,000,000?., the power of issue falls to 24,000,000?.; the notes with the public rise to 19,000,000?. and the reserve is down at 5,000,000?. Another million of gold goes: the power to issue falls to 28,000,000?., but the reserve has fallen to 3,000,000?., owing to the notes with the public having risen to 20,000,000?. Alarm is contagious; self-preservation instinctive; hoarding com- mences. Two counteracting influences are at work. The public craving for notes increases; more notes are forced out through the depositors of the Bank, in spite of the Bank's efforts to draw them in. Another million of gold is drained away. The supply now stands at 8,000,000?.; the power to issue at 22,000,000?.; the reserve at 1,500,000?; for the notes with the now hoarding public have risen to 20,500,000?. To stop this drain, the Bank has recourse to the usual expedients an increase in the rate of discount, and a limitation of the ech6- ance of bills — and turns (what in popular language is called) the screw tighter day by day. But why should the Bank feel alarm? If it were a mere Bank of Issue, and issuing only on bullion, it need feel no alarm ; for it would have sovereigns for every note it issued. Under the Act of 1844, however, as the drain intensifies, the Bank sees the period approaching when it is possible that gold may be demanded for its 14,000,000?. of security notes, and for its deposits, as well as for the notes issued on bullion; that is to say, for 30,000,000?. or 35,000,000?. of gold, which it has promised to pay, but has not gold to pay with. Or, what is a more immediate ground of alarm, it probably feels, when the drain and run for notes on the part of the public have, together, lowered its reserve to 1 500,000?., panic, with its blind unreason, may set in, and an in- 373 DKA.FT REPOttT OF THE ternal drain commence, which may set at defiance every rule of manage- ment or prudence, and end in their suspension of cash payments. The present Governor of the Bank confessed that this catastrophe must have happened on the 12th of November last, if the Treasury Letter had not been issued, supposing a demand upon them had occurred that afternoon to the extent of a million of notes. The most rigid of the disciples of the school on which the Act of 1844 was founded, seem to be of opinion that no letter should have been issued by the Treasury, and that if the rate of discount had ri,sen to 20, 30, or even 50 per cent., the Government should have remained passive, looked inexorably on, and have suffered the panic to run its course; even although three-fourths of the commercial interest crumbled into ruins under the shock. And if the main principle of the Act of 1844 be true, viz., that the currency should always fluctuate precisely as a metallic circulation would do, it is difficult to resist the justice of their conclusion. The basis on which that principle is founded appears to be, that the law having determined that gold is alone the medium in which payments in the last resort are to be made, the question of a legal medium of exchange becomes a mere matter of supply and demand ; the contract to pay must be fulfilled to the letter by payment in the legal tender, gold. This view, to be a correct one, implies that money in the aggregate is of the same quality as other articles of merchandise, which can be sup- plied to an indefinite extent; that gold is a necessary medium of ex- change; that money is a natural product, and not a creation of law. But, not to mention the various changes which have been made in the value of the coin and material of legal tender in this country, the very variety of the materials, and the natural value of them, by which traffic has been carried on, and transactions liquidated throughout the world, prove that money is a thing of convention, and not of nature. In this country, however, in 1816 we adopted, in the sovereign (some have said for the first time in our history), a legal tender coin of intrinsic value without any seignorage or law to protect it from export: so that our currency became a system of barter, rather than of money ; and we have thence become exposed to a fluctuation in the amount of the medium of payments upon every slight alteration in its value. This property of intrinsicality is by some supposed to be an advantage in our dealings with foreign nations ; but, in fact, the dealings with foreign nations are never in money, but in barter. And the coin of any other country, of whatever denomination or value, is never considered in any other light than as an article of merchandise, and estimated accordingly. Thus, it was stated to us, that during the great French war, although cash pay- ments were suspended in this country, foreign payments were made with equal facility as at present, and with less disturbance to commerce; SELECT COMMITTEE ON THE BANK ACTS. 273 because as gold then rose in price in proportion to the demand, goods were preferred for the balance of payments. In 1798, indeed, there was a new copper coinage; when a similar change took place. The market price of copper happened 'at the time to be 16 pence per pound. The experiment was tried of making the copper coin of the realm intrinsically worth its nominal value, i.e. each penny an ounce. The result was, that when copper rose the coin was melted, the experiment was abandoned, and the penny reduced to a mere token. It is a serious question whether the same experiment which we have been trying on our gold coin, now for 39 years, has in reality been more successful. Objections have been raised by some of the chief advocates of the Act of 1844 against the system adopted by the Joint Stock Banks, of allow- ing a high rate of interest on deposit, and no small share of the monetary disturbance of last autumn has been attributed to that practice. But this charge has not been substantiated ; and is one somewhat inconsistent with the view that the value of money should oscillate precisely accord- ing to the abundance or deficiency of gold. For what are deposits ? Are they not gold, at least by assumption ? They are paid into a bank in the shape of bank-notes or cheques, both of which are convertible on demand into gold; they are lent out in the shape of notes on loan or discount: they are repaid in the same shape. What can they be considered, then, but bank-notes, and therefore gold? They are part of that enormous aggregate of accumulated title to money, before referred to, which is by law at any moment convertible into bank- notes, as these are convertible on demand into gold. All this immense aggregate therefore, inasmuch as things that are equal to the same are equal to one another, is of the same quality as money, i.e. Bank of Eng- land notes and gold. But if bank-notes vary in price in proportion to the scarcity or plenty of gold, what reasonable ground can be assigned why the proprietor of a deposit should not enjoy the benefit of a rise in the price of the article he is possessed of, as well as the banker to whom he entrusts it from day to day ? Or what law can successfully interfere to prevent the traffic in any article for which men are disposed to deal with each other at the market price? Joint-stock banks, by the offer to pay to a depositor the value of his property, have no doubt brought into the market money that might otherwise have been unproductively locked up; and by this means it would seem that the operations of the Act of 1844 may have been facilitated rather than otherwise. For the great internal demand of last autumn was for bank-notes ; and through the supply furnished to the joint-stock banks, and by the proportionably increased deposits of these 274i DRAFT REPORT OF THE with- the Bank of England, the latter was greatly strengthened for the accommodation of commerce. At the same time it can be as little doubted that the weekly pub- lication of the Bank's accounts, showing the variations in the supply of bullion, and in the state of its reserve, joined to the promulgation of the principle, that the price of money is to vary precisely with the supply of gold, together with the difficulties and high rate of discount in 1847 and 1857, have for some years past been progressively reading a lesson, pregnant with deep instruction, to both the lenders and bor- rowers of money; from which the first at least have not been loth to benefit. They have been thus induced to demand fronj bankers their legitimate share in the rise of the value of money; while bankers (especially the private bankers in the country districts) have, in many instances, for the first time, been disabled from supplying accommoda- tion to their customers at the more than century old rate of five per cent. The advocates of the Act of 1844 have, as it seems to us, therefore, on their own principles, no legitimate cause of complaint against the rate of interest paid to depositors by joint-stock banks. The intent and object of the Act of 1844 is, that the price of money should fluctuate according to the ebb and flow of gold. In proportion as the owners of money have become acquainted with this property of the law of 1844, they have naturally claimed their share in the profit of it. Constant fluctuations in the rate of discount are thus a corollary of that act, and the necessity and utility of these fluctuations are vindicated by its sup- porters. The true point to be considered in reference to the panic of 1847 and 1857, and in reference to the remedy for such great evils, appears to us to be, not the mere working of the machinery of the Act of 1844 by the Bank of England, nor merely isolated instances of mismanagement on the part of other banks, nor rashness on the part of that limited portion of the commercial body, which in ordinary times is weekly dropping into the " Gazette," more or less rapidly, in proportion to the folly or mismanagement of their adventures, but who in monetary crises are onlj', as the weakest, the first to yield. Some other solution is required of the enigma, why even the most solvent part of the mer- cantile interest totter under the strain to which they are on such occasions exposed. There is the concurrent testimony of all the witnesses last year that trade was sound up to July. And, during the panic of last autumn, out of all the joint-stock banks in the United Kingdom, only four failed ; and out of all the private banks only one failed. We have the testimony of a partner in one of the oldest and largest SELECT COMMITTEE ON THE BANK ACTS. 275 and most respected banking firms in Yorkshire (Mr. Smith, of the firm of Beckett and Co.), that only one mercantile house failed in Leeds at the time of the panic ; and yet, he adds, that if the Treasury Letter had not been issued on the 12th November, the entire commercial body of that important district " must have gone to the wall." However convenient, therefore, in support of a system, it may be to throw blatne on the commercial and banking bodies, it will not be in accordance with fact to lay the heavy charge on these large, useful, and important classes of the community, that they have been the cause of the panics so much to be deplored. On the contrary, they must, in fairness (especially the former), be considered the victims, rather than the authors, of a state of things which has proved so destructive to their material well-being. , Still, if it be a necessity of law that no legal acquittance of a mone3'ed obligation can be given except through the medium of gold, or of that which is convertible on demand into gold (since the gold available for this purpose is so small in proportion to the incalculable amount of obli- gations, and even that small amount is so capricious in its presence), it is scarcely to be doubted that the pressures and panics so much com- plained of, together with the waste of commercial capital, and disemployment of labour which they entail, must, as necessarily, be periodical. Not, indeed, from the fault of any class of producers or traders, but from a natural insufficiency and uncertainty in the presence of the medium in which the law declares transactions are to be liquidated. But is there any law of nature which authoritatively prescribes that there shall be no other legal medium for'the domestic interchange of the produce of human hands than this one material ? And that without it trade must stop, and labour cease ? It may be safely held that a merciful Providence has reduced us tO' no such melancholy dilemma. The law through which such heavy calamities periodically befall our productive classes is not a law of God, but of man : and therefore liable to all the shortcomings consequent on human infirmity. Let us, for a moment, reflect on the original con- ditions of this question of money, and into the real meaning and- object of the hackneyed terms of " standard of value" and " converti- bility." Barter is trade without money ; the exchange of capital without a medium of exchange ; the state only of tlie very rudest nations in respect of their domestic trafiic. Toreign trade (until some medium of inter- ehange shall be adopted of universal acceptance, of easier and less costly transit than the precious metals), must always be pure barter. The foreigner knows nothing of the value of the currency of any other country, except that a portion of that currency will procure for him a 276 DRAFT REPORT OF THE certain amount of produce, or of the precious metals, or of his own currency, the value of which he does know. In England, we have so far departed from barter in our domestic in- terchanges, that the truck-laws make it illegal. A penalty attaches to the exchange of the produce of labour with the labour which produces it. The exchange must be effected in money. In money alone can wages be legallj' paid ; money, therefore, is a legal necessity. And since labour must be employed, and taxes must be paid, it is a point worthy of consideration, whether it is not part of the duty of a Govern- ment to provide such a limited amount of domestic medium of exchange as can legally satisfy these demands ; and whether the origin of the Crown's prerogative to coin may not, in part, be connected with this duty. It seems probable that money and taxation were originally closely allied. The tribute money of the Romans appears to have represented a tax to be paid, and to have been issued by the Government in antici- pation of such payment. "I have thought" (says the learned Camden) " that in olden time there was a certain sort of money coined on purpose for this use (taxes), seeing in Scripture it is called tribute-money ; and I am the more confirmed in this opinion, because on some of the British pieces there is the mint master stamping the money with tasoio, which, among the Britons, signified tribute money." In the earliest No'rman times the taxes or tribute due to the Crown are said to have been paid in kind ; except those which were discharged by personal services. And Henry the First, finding this system inconve- nient, is related to have introduced a token or symbol of value, which received the name of an Exchequer Tally. When taxes fell due, the King took back the fiscal Wooden instrument as payment. He fixed the value of the instrument which became the unit of account; and received it back at the same conventional value as that for which he issued it. This instrument of exchange remained, it is said, a legal tender up to the beginning of last century. And Exchequer-notes, which supplanted it, were in use up to the middle of it, at as low amounts as £5 and £10. It is the want of some legal medium of ex- change (which cannot be exported) that occasions the complaints of the weight of taxation pending or subsequent to a heavy drain of gold, our present legal medium. If produce and labour should fall, say one-half, owing to the stagnation of trade consequent on a drain, the manufacturer would have to sell two webs of cloth, the operative to give two days' labour, in the place of one web and one day, to pay the same nominal sum of taxation as before. The taxation and money of a country are intimately connected like- wise in relation to prices. Indirect taxation involves a rise of price ; unless the tax is to fall on the producer, instead of the consumer, which Parliament could never intend. Increase of price, by a concurrence SELECT COMMITTEE ON THE BANK ACTS. 277 of all the evidence, demands an increase of currency to express it. On tlie fall of prices consequent on each of our periodical crises since the great French war, the tendency has been for the indirect taxation to fall, in part at least, on the producer, instead of the consumer. And the producer has in his turn endeavoured to shift it from himself to his workman, by a reduction of wages. Such was the intolerable pressure arising out of the Bank of Eng- land's preparation in 1815 and 1816 for the resumption of cash pay- ments, which evinced itself by a great fall of prices and disemployment of labour, that Mr. Tierney is reported to have said in his place in Parliament, in 1817, that the national miseries had risen to a point wholly without precedent since the Norman Conquest. The resumption of cash payments was in consequence postponed. Immediately subse- quent to the Act of 1819 a great collapse in trade and agriculture again took place, accompanied by great popular disaffection, which caused the Act of 1819 to be relaxed. Subsequent to the panic of 1825 a similar condition of things occurred ; which ended in the agitation for reform. Immediately after the monetary panic of 1836-37 occurred the six years of financial deficit, amounting in the whole to £12,000,000 : to overcome which, the income tax was imposed. Close upon the monetary panic of 1847 followed the Chartist agitation in England, and the revolutions of 1848 in Europe ; for England, being the money centre of the world, nothing can gravely affect its monetary condition without at the same time affecting the commercial and indus- trial state of the whole world. To account for all these various catastrophes there have never been wanting, at the time (even in official quarters) explanations both inwenious and plausible, which yet reflection has shown to be unsatis- factory. The transition from war to peace was the original cause assigned. For the first time in history, peace had brought panic, instead of plenty, in her train. In the sad days of the conflict between the yeo- manry and starving multitude of Manchester, and of " The Six Acts ;" at a time when corn was falling from 100s. to 40s. a quarter (i. e. in the interval between the middle of 1819 and 1823), over- population and over-production were the fashionable causes of dis- tress. As if these two causes would not have tended to neutralize each other. In 1825 country banks produced the mischief ; and joint-stock banks were encouraged and sanctioned. In 1836 overtrading and joint-stock banks were to blame. In 1847 over- speculation and railways. And, now, again, the cry of over-speculation and joint-stock banks is raised. Whereas it is not improbable that it may, at last, be discovered that the true origin of all these collapses is not overtrading, but under-moneying. If over-speculation has occurred anywhere in Europe during the last 278 DRAFT UEPOKT OF THE few years, it should have been in France, where the Credit Mobilier appeared to offer great facilities for it. But panic, in the last autumn, was less felt in Paris than elsewhere although the consequences of the panics in England and the United States fall now seriously on France, as they did in 1848, accompanied by political symptoms not dissimilar. The disciples of Mr. Tooke have a fair right to quote the Bank of France, with its comparative freedom of action, as an instance in favour of the system they advocate. It is usual to speak of gold as the standard of value. But gold has in reality nothing in it of the nature of a standard. The true standard of all value is human craving or demand (v XP*'"), as is well observed by Aristotle. The degree in which anything is desired or required is the exact test of its value. The true measure of the value of what men want is the amount of labour it takes to procure or produce it. Labour, therefore, is the true measure of value ; and that measure is best indi- cated in any country by the staple food which it consumes. Gold and silver are measures merely as they embody and represent so much labour or food. Political economists distinguish between value in use and value in exchange. Air and water, being of prime necessity, would be of count- less price had they been not furnished without stint by the bountiful Giver of all things. Yet they are, virtually, of no money value. But in the present state of society, a legal tender is of the same neces- sity to trade as air and water are to animal life. Of whatever material that legal tender was constituted, the necessity for a medium of legal liquidation would give to it a value. On the other hand, if gold should suddenly be rejected by all nations as the common liquidator of foreign balances, it is difficult to predicate what would be its fall in price. Mr. Norman, one of the oldest and most consistent of the bullion school now living, and above thirty years a director of the Bank of England, was asked in his examination before this committee the following questions: — " 3053. Supposing the Government were to be the issuer of 14:,000,000Z. of notes, and those notes were a legal tender, what value would those notes bear in the market? — They would be at par. They would be exactly in the same state, I concei-ve, and of the same value as Bank of England notes are now. " 3054. Supposing there were no other legal tender than that 14,000, OOOZ. of notes, would they be still at par? — Fourteen millions would not be sufficient to carry on all the pecuniary transactions of the country. I presume that the question supposes that the remainder of the circulation is to be metallic, and, if so, of course they would be at par. " 3055. Supposing that 14,000,000?. of Government issue was the only legal tender, would that paper still be at par? — I do not quite SELECT COMMITTEE ON THE BANK ACTS. 279, understand the question. You oould not carry on the transactions of the country with only 14,000,000Z. of notes. " 3056. But suppose the country circulation were, as it is now, but resolvable into legal tender, and supposing the Bank of England were limited to 14,000,000?. of legal tender, would the currency be of the same value as it is at present? — I conceive so; there would be a very large margin of coin under those circumstances. " 3057, Do you believe, according to your former statement, that paper circulation is of such necessity to commerce that it wpuld carry value in consequence of its convenience? — I think that the real value of paper consists in its convertibility. " 3058. Do you believe, that if there were no other legal tender than those 14,000,000Z., those 14,000,000Z. would maintain their value in consequence of their convenience to commerce?. — If I rightly understand the question, it is assuming the case that there should be inconvertible paper to the extent of 14,000,000?., and that that inconvertible paper were made a legal tender, whether it would maintain its value. I think, if it were made a legal tender, it would do so from the fact of its being limited. " 3059. You think that the necessity of it for commercial transactions would constitute a value in that legal tender, provided there was a limited quantity? — Yes, I think so; I have not considered it thoroughly; but I can hardly conceive such a state of things." Mr. Neave (the present Governor of the Bank of England, having stated that all attempts of the Bank to get in notes during a great pressure or panic were frustrated by the determination of the public to have them), was asked — " 947. Whatever measures you resort to, the amount of the notes of the public, you say, remains the same ; that is, somewhere about 2O,00O,O00Z.? — In ordinary times the uses of the public seem to want about 20,000,000/. There are special periodical moments when, through the year, they rise to another 1,000,000Z. or 1,500,000Z. I stated, that if the public wanted more, they could always take it from the Bank of England. ,, . „ " 948. You stated that during the panic the public would not allow you to diminish the amount of notes; I want you to account for that? —In moments of panic the public have, as I believe, the full power of helping themselves as to notes; and of course, as long as the Bank has a liability, they may use that liability to take the notes from the Bank. " 949 Then there seems to be required, at all times, somewhere nbmit 20 000 000Z. of legal tender ?— Twenty millions of notes with the ^ubU;; it varys. It 'is 18,500,000Z.. 19.«0O.OOOZ., 20 000 OOOZ and so on; but, taking the average, you may call it from 19,000,00Ui. to 20,000,000Z. " 950. That seems to be the average want of commerce:' — ies._ "95l' If the legal tender be an article of commercial necessity, it would maintain that amount, of whatever it was composed?— It seems so in practice." If law, therefore, requires that all pecuniary engagements shall be 280 DRAFT REPORT OF THE made in a specific material, tliat material (if of no other use whatever) would derive value from the necessary demand for it ; and precisely in the ratio of that demand ; and would come within the rule laid down by Aristotle, of human demand being the source of all value. What legal money should be composed of, is a matter of convention. The monej' of Sparta, established by Lycurgus (according to Plutarch), was iron deprived, in the process of coining, of its value as a metal, and useless, as such, elsewhere as well as in Sparta. This money remained unchanged for 500 years, and Sparta powerful and contented. It was the contemplation of this remarkable republic which led Plato, in his ideal of a perfect commonwealth, to contend that money should have no intrinsic value, in order that a country might not be drained of its legal tender: — " But how " (says Plato) " shall the internal affairs of the state go on? how shall individuals exchange their several productions with each other? which, indeed, is the main object of our forming a community and making a state? It is manifest (he replied) that they must do so by buying and selling. A regular market, then, and coin as a token for exchange, will be the result of this? Exactly so." — Plato, Folit., B. 2, vol. 2, p. 371. Edit. 1578. " Coin is for the purpose of daily exchange, which exchange it is almost a matter of necessity that artizans must make, and indeed all persons who need their services, and to pay wages to servants, slaves, and settlers; for which purpose, we affirm, there must be a coin, having a value among the members of the state, but no value to the rest of the world." — Flato, Laws, B. 5, vol. 2, p. 742. " And the state must also have or procure a common (current) Greek coin, for the purpose of military expeditions, or the occasions of visiting other states, such as, for instance, embassies, or for any other purpose necessary for the state. And when any individual has occasion to travel abroad, on obtaining permission from the rulers, he shall go abroad (with it), and when he comes home again, he shall return to the state whatever foreign money he has in hand, receiving the state money to the same amounts." — Plato, Laws, B. 5, vol. 2, p. 742. Aristotle was of opinion that it was indifferent whether money was intrinsic, or a mere token without intrinsic value. On this point he says: — " There must accordingly be, as we have before observed, some one thing by which all things may be measured; and this is, in truth, the need {h XP^'«) of them which holds together all things, for were we either not at all in want, or not similarly, there would be either no exchange, or not the same exchange. Now money has come to be by general consent a substitute for need, and it has its name, money, for this reason, that it exists not by nature, but by law or custom, and it remains with us either to alter its value, or to make it without value." — AristotMs Necomachean Ethics, v. 8, 11, Bekker's Edition, SELECT COMMITTEE ON THE BANK ACTS. 281 The real gist of Mr. Locke's anxiety on this subject, when well con- sidered, seems to be the maintenance of a constant supply of what he calls "current pledges." "No money, no trade," is his celebrated axiom. Bishop Berkeley was possessed, as is well known, of an intellect of extreme subtlety. The following are some of his pertinent queries on money : — " Whether the use and nature of money, which all men so eagerly pursue, be yet sufficiently understood or considered by all ? " Whether the four elements, and man's labour therein, be not the true source of wealth ? " Whether money be not only so far useful as it stirreth up industry, enabling men mutually to participate the fruits of each other's labour ? " Whether money is to be considered as having an intrinsic value, or as being a commodity, a standard, or a pledge, as is variously suggested by writers ? And whether the true idea of money, as such, be not altogether that of a ticket or counter ? " Whether the term livre, pound sterling, crown, &c., are not to be considered as exponents or denominations of such proportion ? And whether gold, silver, or paper, are not tickets or counters for reckoning, recording, and transferring thereof? " Whether the denominations being retained, although the bullion were gone, things might not nevertheless be rated, bought and sold, industry promoted, and a circulation of commerce maintained ? '< What makes a wealthy people ? Whether mines of gold and silver are capable of doing this ? And whether the Negroes, amidst the gold sands of Africa, are not poor and destitute ? " Whether there be any virtue in gold or silver other than as they set people to work, or create industry ? " Whether power to command the industry of others be not real wealth ? And whether money be not, in truth, tickets or tokens for conveying or recording such power, and whether it be of great con- sequence what materials the tickets are made of ? " Whether to promote, transfer, and secure this commerce, and this property in human labour, or, in other words, this power, be not the sole means of enriching a people ; and how far this may be done independently of gold and silver ? " Whether a fertile land, and the industry of its inhabitants, would not prove inexhaustible funds of real wealth, be the counters for con- veying and recording thereof what you will— paper, gold, or silver ? " Whether the opinion of men, and their industry consequent thereon, be not the true wealth of Holland, and not the silver supposed to be deposited in the Bank of Amsterdam V " Whether, in order to understand the true nature of wealth and commerce, it would not be right to consider a ship's crew cast upon a desert island, and by degrees forming themselves to business and civil life while industry begot credit, and credit moved to industry ? '' Whether such men would not all set themselves to work ? Whether they would not subsist by the mutual participation of each others' 282 DRAFT REPORT OP THE industry ? Whether, when one man had in this way procured more than he could consume, he would not exchange his superfluities to supply his wants ? Whether this must not produce credit ? Whether, to facilitate these conveyances, to record and circulate this credit, they would not soon agree on certain tallies, tokens, tickets, or counters ? " Whether it be not agreed that paper hath, in many respects, the advantage above coin, as being of more despatch in payments, more easily transferred, preserved, and recovered when lost. " Whether the sure way to supply people with tools and materials, and to set them to work, be not a free circulation of money, whether silver or paper ? " Whether the great evils attending paper money, in the British plantations of America, have not sprung from over-rating their lands and issuing paper without discretion, and from the legislators breaking their own rules in their own favour, thus sacrificing the public to their private advantage ? And whether a little sense and honesty might not easily prevent all such inconveniences ? " Whether there are not to be seen in America fair towns, wherein the people are lodged, fed, and clothed, without a beggar in their streets, although there be not one grain of gold or silver current among them ? " Whether a discovery of the richest gold mine that ever was in the heart of this kingdom would be a real advantage to us ? " Whether, therefore, a national bank would not be more beneficial than even a mine of gold ? " Whether counters be not referred to other things, which, so long as they keep pace and proportion with the counters, it must be owned the counters are useful ; but whether, beyond that, to covet or value counters be not direct folly ? " Whether we are sufficiently sensible of the peculiar security there is in having a bank that consists of land and paper, one of which cannot be exported, and the other is in no danger of being exported ? " Whether money could ever be wanting to the demands of industry, if we had a national bank ? " Whether paper doth not, by its stamp and signature, acquire a local value, and become as precious and scarce as gold ? and whether it be not much fitter to circulate large sums, and therefore preferable to gold ? Whether there be not a measure or limit within which gold and silver are useful, and beyond which they may be hurtful ? " Whether that measure be not the circulating of industry ? " Whether money circulating be not the life of industry ; and whether the want thereof doth not render a state gouty and inactive ? " Whether all circulation be not alike a circulation of credit, what- ever medium (metal or paper) is employed, and whether gold be any more than credit for so much power ? " Whether it doth not much import to have a right conception of money; and whether its true and just idea be not that of a ticket, entitling to power, and fitted to record and transfer such power ? " Whether, although the prepossessions about gold and silver have taken deep root, yet the example of our colonies in America doth not; SELECT COMMITTEE ON THE BANK ACTS. 283 make it plain, as diiylight that they are not so necessary to the wealth ot a nation as the vulgar of all ranks imagine ? _ " Whether it be not evident that we may maintain a much greater inward and outward commerce, and be five times richer than we are, nay, and our bills abroad be of far greater credit, though we had not one ounce of gold or silver in the whole island ? " Whether all the regulations of coin should not be made with a view to encourage industry and a circulation of commerce throughout the country." — Eatraoted from Bishop Berkeley's Querist. The opinions of Dr. Benjamin Franklin on this point are as follows. The extract is from his " Papers on American Politics :" this one being entitled " Eemarks and Facts relative to the American Paper Money." It is written in reference to a " Report of the Board of Trade, dated 9th February, 1764." " At this very time, even the silver money in England is obliged to the legal tender for part of its value : that part which is the difference between its real weight and its denomination. Great part of the shillings and sixpences now current are, by wearing, become five, ten, twenty, and some of the sixpences even fifty per cent, too light. For this difference between the real and the nominal you have no intrinsic value ; you have not so much as paper, you have nothing. It is the legal tender, with the knowledge that it can easily be repassed for the same value, that makes three-pennyworth of silver pass for sixpence. Gold and silver have undoubtedly some properties that give them a fitness above paper as a medium of exchange, particularly their universal estimation, especially in cases where a country has occasion to carry its money abroad, either as a stock to trade with or to purchase allies dM^ foreign succours; otherwise that very universal estimation is an inconvenience which paper money is free from, since it tends to deprive a country of even the quantity of currency that should be retained as a necessary instrument of its internal commerce, and obliges it to be continually on its guard in making and executing, at a great expense, the laws that are to prevent the trade which exports it, ****** * " Gold and silver are not intrinsically of equal jpalue with iron, a metal in itself capable of many more beneficial uses to mankind. Their value rests chiefly in the estimation they happen to be in among the generality of nations, and the credit given to the opinion that that estimation will continue. Otherwise a pound of gold would not be a real equivalent for even a bushel of wheat. Any other well founded credit is as much an equivalent as gold and silver, and iu some oases more so." These are the opinions of men of great mark, and of a singular power and originality of thought. An essential quality of a perfect measure of length or capacity is uni- formity, unohangeableness. The yard, the foot, the inch, the gallon, the quart, the pint, never vary. It ought to be the same with a measure of value ; which, like the centre of a revolving-wheel, should remain at rest while other things circulate and fluctuate around it. 284 DEAFT REPORT OF THE In 1819 we did not return to the ancient measure of value, which was an optional one of gold and silver. In 1816, in conformity with the view of the first Lord Liverpool, gold was constituted the sole measure of value in this country. But Lord Liverpool, in his Treatise on the Coin, states his dissatisfac- tion even with gold, as falling short of what he considered answering to the idea of a perfect measure, on account of its liability itself to alter in value, and to be to that extent an unfit measure of the value of other things. This alteration in the value of gold cannot be indicated (so long as it is itself the measure) otherwise than by fluctuations in the rate of interest, or by a general rise or fall in the price of commodities. Tested by this rule, gold would scarcely seem to fulfil the condition of a perfect measure of value so well as has been supposed, since in the last ten years there have been above fifty fluctuations in the rate paid for it. And we have it in evidence that a general fall took place in the prices of commodities last autumn during the pressure and panic. In that fall wheat largely participated. This liability to fluctuation, which was by Lord Liverpool considered a vice, seems by Lord Overstone, on the contrary, to be esteemed a virtue. His idea of a perfect currency is, that it should fluctuate pre- cisely with the alternations in the state of the foreign exchanges, and that " our paper issues should vary with a direct reference to the fluctuations in the amount of bullion in the possession of the Bank." Such, however, is not the opinion of, certainly, an impartial witness, who appeared before us, Mr. John Stuart Mill ; perhaps the clearest and most profound writer oh economical subjects of this age. Mr. Mill says (p. 204, Question 2297),-— " By the authors of the Act [1844] it is laid down as a broad principle, that the paper currency should conform to a metallic currency. I apprehend the meaning of that is, that the permanent or standard value of the paper currency should be the same as that of a metallic currency ; but not that it should have the same fluctuations. It does not follow, because we ought to make the per- manent value of the paper currency conform to the value of a metallic currency, that therefore we ought to have the same fluctuations which occur in the value of a metallic currency. The fluctuations to which the value of a convertible currency is subject, depend not upon anything that afiects either the metals or the bank-notes, but upon general exten- sions or contractions of credit. The currency which is the least liable to violent contractions of credit, will be the currency with the fewest fluctuations. Therefore, if a convertible paper currency, issued by bankers and not restricted by Act of Parliament, is likely to lead to fewer variations in credit than a metallic currency, it appears to me better than a metallic currency, and better than a paper currency which is obliged to conform to a metallic currency. " 2298. Then I understand that the ill effect which you ascribe to SELECT COMMITTEE OxM THE BANK ACTS. 285 the Act of 1844 is, by comparing the actual state of things, not with any actual metallic currency, but with some imaginary system which you think would be more perfect? — Not exactly so; what I mean is, that no currency can be good of which the permanent average value does not conform to the permanent average value of a metallic currency ; but I do not admit the inference that, in order to enable it to do this, its fluctuations in value must conform to the fluctuations in the value of a metallic currency ; because it appears to me, that fluctuations in value are liable to occur from anything that affects credit ; and I think that a metallic currency is liable to more severe revulsions of credit than a mixed currency, such as ours was before the Act of 1844; and there- fore, that a paper currency of the permanent value of a metallic cur- rency, and convertible, but without any other restriction, is liable to less fluctuation than we now have under the Act of 1844. " 2299. I understand your opinion to be, that the great advantage of unrestricted issues, as compared with the existing system, would be this : that in times of great commercial difficulty the Bank might draw upon the additional quantity of bullion which it keeps as a security for its notes for the purpose of sustaining credit in times of panic ? — I should rather state it in this way, that they will not be obliged to contract credit in cases in which there had been no previous undue expan- sion of it. " 2300. I am supposing the case of a drain in consequence of over speculation ; in that case I understood you to say that the advantage of the system of unrestricted issue which you advocated would be this: that when a panic did come after periods of over- speculation, the Bank then would be able to use its whole reserve, consisting of the bullion that is now in its banking department, and so much of the bullion as is now in the issue department, as it would keep under such circum- stances ; and that it would therefore have a larger fund to draw upon to sustain credit than it has now ? — I would state it even more strongly ; because in the case you are supposing, which is not a case where there is any doubt about the convertibility of the bank-note, the Bank might issue notes to any extent they were asked for, as they did after 1825. " 2301. You admit that there might be a very great extension of its issues under those circumstances ? — I think there ought to be in those circumstances, because there is such a destruction of ordinary credit, that it is necessary that some credit should come in to take the place of what is destroyed, in order to prevent great calamities. " 2302. Such extension of issues would increase the total amount of circulation much beyond what it would be if it were a purely metallic currency ? Very much beyond. That is a great advantage, because one of the great inconveniences of a metallic currency is, that it is impossible for it to come to the assistance of a drain in those emergencies. , . , ■ j " 2303. You do not agree with Mr. Tooke in thmkmg that a mixed circulation of convertible paper must fluctuate always as a metallic currency ?— I am not aware that Mr. Tooke thinks that it must fluctuate in quantity as a metallic currency would; I think it is a great advan- tage of our currency, as it would be without the Act, that it does not fluctuate exactly as a metallic currency would." 286 DRAFT REPORT OF THE If this view of Mr. Mill be the true one — and it certainly squares more with the philosophical requirements, above referred to, of a mea- sure of value, than the view on which Lord Overstone rests, inasmuch as unchangeableness is the condition at which it aims — it has become expedient to consider whether the principle we have been endeavouring to uphold for so many years in this country, and in following out which the country has been exposed to such frightful vicissitudes, is, after all, absolutely correct. One thing seems, at all events, uncontradicted in the evidence, viz. that all the panics that have occurred for the last thirty or forty years have been immediately preceded by a great drain of bullion, which has been accompanied by a difficulty, approaching at times to a threatened impracticability to obtain discount. This difficulty arises out of the efforts resorted to by the Bank to protect the convertibility of the note. From 1819 to 1844, the Bank of England were unfettered in their management of the circulation, except as regarded the convertibility of the note, and did not so precisely conform to the fluctuations of the bullion in their coffers as they have done since 1844. The fluctuations in the rate of interest were therefore necessarily, and legally, in relation to the Usury Laws, less frequent. It is for this greater latitude of discretion that the followers of Mr. Tooke contend. Yet it cannot be concealed, that under this greater latitude of discretion the panics of 1825, 1835-37, 1839-40, occurred. Lord Overstone contends, on the other hand, that the convertibility of the note is not secure without the restrictions of the Act of 1844. If this be true, it seems clear that the price paid for the convertibility of the note under the present system is a periodical panic, recurring on the average every eight or ten years. " The history of what we are in the habit of calling the state of trade (observes Lord Overstone) is an instructive lesson. We find it subject to various conditions which are periodically returning; it revolves apparently in an established circle. First, we find it in a state of quiescence; next, improvement, growing confidence, prosperity, excitement, over-trading, convulsion, pressure, stagnation, distress, ending again in quiescen?.e." This is a faithful description of the course trade has pursued for some years past; and if it be an inevitable necessity, and if a system of currency cannot be discovered less liable to fluctuation in value, it is our duty to acquiesce without a murmur. But are not the alternations so graphically depicted by Lord Overstone alone the offspring of the principle of which he has been the able exponent, viz., that the currency should vary precisely with the supply of bullion in the Bank coffers. Trade stagnates after a panic. The money usually devoted to commercial discount accumulates in the money centres ; prices fall, from the disemployment of labour; the rate SELECT COMMITTEE ON THE BANK ACTS. 287 of interest declines to 2 or perhaps IJ per cent.; this low rate by degrees tempts at the same time the cupidity of the adventurer and the owner of money — of tlie borrower and the lender. Every species of domestic enterprise employs labour ; employment increases ; wages rise ; con- sumption is extended ; prices rise. This is the period of prosperity, of profit to the employer, of plenty to the workman. Higher prices encou- rage imports, at the same time that they stimulate competition among adventurers, and money (the medium of carrying enterprise on) rises in value proportionally. Still not too high for profit. But this rise of prices discourages the export trade ; exports diminish ; the balance of trade becomes against us ; gold goes ; the screw turns ; discount is diffi- cult ; confidence is shaken ; pressure is converted into panic, and then comes the collapse. And out of the ten years it may have taken for this cycle to revolve, three or four will have been years of prosperity, in contrast to six or seven of stagnation and distress. Would these cycles, however, thus revolve, or would these changeful symptoms exhibit themselves except for the single circum- stance that the supply of the medium through which trade is transacted is made peremptorily to depend on the supply of bullion in the Bank coffers ? It thus appears conspicuous that if, on the one hand, speculation be the evil complained of, the present system necessarily gives rise to it, through the cheapness of money following on panic, and the subsequent stagnation ; while, on the other hand, those who complain of money being periodically dear and difficult, will find, equally, in the present system its final cause. It is only right, after the many panics that have occurred, to look the system fairly in the face. " An error" (says Mr. Locke) "is not the less so, and will never grow into a truth because we have believed it a, long time, although it be the harder to part with." Our measure of value, it has been seen, is now necessarily liable to constant fluctua- tions in price, and those fluctuations are productive of periodical and commercial panics. May it not be wise, at this time, to consider whether the first postulatum in a measure of value may not be in- variableness or steadiness; and the true object of convertibility be to secure a uniformity in the value of the medium of exchange? Whether the second postulatum may not be, that the money of a country should be the handmaid of commerce, rather than her mistress or tyrant ; and the fact be, that it was adopted to facilitate rather than to hamper her operations? Also, whether the third postulatum may not be — a pre- vention of shocks to confidence: this being even more important than an exclusive attention to the convertibility of the note? Should these postulata be true, the system we have been so long pursuing may prove to have been founded in error, and there may 288 DRAn REPORT 01? THE huve existed a faaaticism among the disciples of gold as great as among the disciples of unlimited paper. But if uniformity in its purchasing power be the ingredient of the first importance in a measure — and our present gold measure has been found not to possess that quality — the principles laid down by Mr. Stuart Mill are suggestive as to the mode by which we might obtain a medium, at least, of more uniform value than we possess at present. Mr. Mill argues that the true intent of a mixed paper and metal system is to preserve n permanent relation between their value; and not that the paper should fluctuate in value at all times with the metal. This argument favours an attempt to approach towards a uniformity of value in our currency. Should this be so, and the opinions of Mr. Nor- man and the Governor of the Bank, before referred to, be correct — and on the principles above laid down, there is no reason to doubt their correctness — then if there were no legal tender in this countrj' than 20,000,OOOZ. of Bank government notes, it is quite clear there could not be the same fluctuations in the rate of interest as at present, be- cause the cause of those fluctuations would be absent, viz., its abstrac- tion for foreign payment. While so imperative is the demand for legal tender, that the Governor of the Bank tells us the public will have about 20,000,000?. of notes, would this 20,000,000?. meet Mr. Mill's condition of maintaining a permanent value equal to 20,000,000?. of sovereigns ? Assuming a sovereign to contain a quarter of an ounce of gold, would that 20,000,000Z. of notes, five or ten years hence, pur- chase (other things remaining the same) 5,000,000 ounces of gold, or the same amount of goods or land as 20,000,000 sovereigns now do ? It is probable, according to the evidence, that they would. And mean- while their value would scarcely fluctuate, and confidence would not be shaken. The notes thus limited would be pounds of account, based on the conformity in value which that number has borne to 20,000,000 quarter ounces of gold, and which they have maintained for many years past; and also on the assumption that the public demand for about 20,000,000?. of legal tender would give them the same average value for the future; or a greater value in proportion to the increased supply of gold from the mines. Mr. Twells (a sagacious London banker of more than fifty years' experience), is asked in reference to this — " 4655. You have been asked how you determine the value of a 5?. note: how do you determine the value of a sovereign? — I determine it by what it will produce to me, and I always find that a bank-note will produce quite as much as a sovereign. Some subtle questions may arise upon it ; but I never found any difficulty in practice in converting a 5?. note into anything that I wanted. " 4656. What do all these different variations in the rate of discount mean; in your opinion do not they mean changes in the value of the SELECT COMMITTEE ON THE BANK ACTS. 289 sovereign?— AH of them must affect the value of the sovereign, the same as anything else. " 4657. Then the present system does not exempt you from varia- tions in the legal tender ? — Not at all. "4658. Tour belief is that the 20,000,000^. of legal tender paper, from not being removable by export to other countries, would give you a more uniform value of the legal tender than you now possess? — More uniform and more steady, a great deal. "4659. And that is your reason for suggesting it in preference to one which produces such great oscillations? — Yes. "4660. What is the object of convertibility, in your opinion? — The object of convertibility, I conceive, is to get possession of any one thing which I can possibly require, whether it is gold, or a horse, or broad cloth, or anything; and I find that a note is as easily convertible, and I conceive that it always will be as convertible, as long as it has the sanction of a stable government. " 4661. Do you not believe that the object of convertibility is, that if you part with any property for the legal tender, that legal tender shall furnish you with as much property in return as you part with? — Quite; it is merely the medium of exchange. " 4662. And do you believe that with the legal tender that you sug- gest, you would have more confidence that it would be of the same value in December as in January, than under the present system? — Quite so; it would keep the same relative value with everything which you required to purchase or to sell. " 4663. And you have suggested the amount of 20,000,000Z. only because upon experience you have found that 20,0OO,0O0Z. of bank- notes have been kept at par with gold ? — Quite so. There is no reason for fixing the arbitrary sum of 20,000,O00Z. ; but it seems that when there has been 20,000,000Z. of circulation, we have gone on well. " 4664. What you mean by your suggestion, I presume, is, that, having ascertained the amount of paper which would at all times be at par with gold, according to experience, you would fix upon that limit, and you have a belief that it would preserve a more uniform rate of money than we now possess, because not liable to exportation? — I have very little doubt of it, but always with the condition that, it not having been tried, I should be unwilling to speak confidently; it is, however, quite my impression. " 4665. AH the object which you wish to possess in a legal tender is, that it should preserve as far as possible a uniform purchasing power? — Yes, and a steadiness of character. " 4666. You have been asked about the pound of account; do you re- member how the pound arose; what it was originally? — A pound of silver. " 4667. Is it a pound of silver now? — No, certainly not; it is varied. " 4668. Then, if it is not a pound of silver, what is it but a pound of account? — I have no idea what it can be otherwise, fairly and properly. " 4669. Do you remember the changes which have taken place in the pound since it was first instituted here? — Yes. " 4670. Do you remember that, in the time of Edward the First, it was made 20s. 3d.?— Yes. 290 DRAFT REPORT OF THE " 4671. That, in tlie 18th Edward the Third, it was made 22«. ; and in the 20th of Edward the Third, it was made 22«. 6d.? — Yes. " 4672. That, in the 27th of Edward the Third, it was made 25s. ; and that last of all, after undergoing a great many changes, in the 66th of George the Third, it was made 66s.? — Yes. " 4673. Were not all those alterations of the pound made by Act of Parliament or Government? — To be sure they were." Could our foreign balances be liquidated under such a system? Mr. Twells tells us there would be less difficulty than at present. Mr. Twells, however, while suggesting this amount of legal tender, viz., 20,000,000/., says, it might be expedient, as an experiment, to con- tinue the mixed system of paper and gold, increasing the issue on secu- rities to 16,000, OOOZ.; those notes to be earmarked as security notesj to be a legal tender, and not to be convertible into gold. The adoption of this course would, in all probability, he thought, prevent the strain on the Bank of England under a heavy drain of bullion, and so preclude the necessity of that severe action on the currency to which they are now obliged to resort, and which gives such a shock to confidence. In this view several witnesses concurred: not indeed as to its being the only remedy, or perhaps the best that could be devised, but as that involving a minimum of change consistent with any probability of real and permanent relief. Mr. JJoyd's evidence is very interesting on this and other points. Against this suggestion, it was objected that it would create two classes of notes, which would not always circulate together at par, and that great inconvenience might be experienced by the public in consequence. But in reference to this objection, a remarkable circumstance was related by Mr. Torr, a partner in one of the first mercantile houses of Liverpool ; and it is a striking illustration of the necessity for, and absolute value of, a legal tender, per se, of whatever material composed, if limited in amount. Mr. Torr was in America last autumn. He arrived in New York two days after the general suspension of cash payments in that country. He found that the notes of the several banks which had suspended payment had circulated for the first day or two at a discount of one or two per cent., and in less than a week at par with gold. He travelled through eighteen or twenty of the States. In some States the paper issues were upon gold, in others upon securities. In the latter case he could perceive no difference in the value between the two classes of notes in the States in which they were issued. This account is confirmed from other sources in the public prints. There was at that time, of course, a considerable limitation in the quantity of issues. In this country two classes of notes existed for two or three years SELECT COMMITTEE ON THE BANK ACTS. 291 prior to 1819. Mr. Twells says he observed no practical distinction in the value between them. The argument in favour of the above suggestion assumes, of course, the existence of a settled government, a government whose credit is unimpeaehed. It assumes also that a legal tender is a thing of first commercial necessity, and that that necessity must always maintain its value so long as it is limited in quantity. It assumes, likewise, that, like any other article of demand, its price will rise or fall in relation to its supply; and that if the supply remains stationary, its price will, cceteins paribus, remain stationary, and that the rate of discount there- fore would be less fluctuating than at present, since the frequent oscilla- tions in the rate which have occurred under the present law arise, or seem to arise, solely because gold has not fulfilled this condition of stationariness. The supply of gold alters with every turn of the exchanges; and the rate of discount under the present law must always correspond more or less with the supply of gold. If there were a very heavy drain of gold under the system suggested, it may be assumed that there would be 16,00O,O00Z. of legal tender security notes out with the public, and 4,000,OOOZ. bullion notes. Of these latter, a limited proportion might pay a small premium; if so, that would be a consequence of gold rising, and not of the security notes falling in value ; which is the evil so much deprecated in relation to a paper currency. But if the bullion notes experienced a fractional rise, and the security notes, at the same time, remained stationarj' in price, these latter would tend to preserve that uniformity in value which, as has been shown, is really of the essence of any measure; and thus prevent fluctuations in the rate of discount which are so distressing to trade. Steadiness is what the respectable merchant now sighs for. But it is not in the nature of things for a superstructure to be steady when it rests on a shifting base. Such is, in effect, our gigantic credit system based on. a treacherous quicksand of gold in the Bank cellars. It might be objected likewise, that a difficulty would be experienced in obtaining gold for foreign payments under such a system. Less in- deed might be obtainable from the Bank. But the Bank need not be compelled to take in more than it required. No difficulty is found in buying silver in the market at present; nor did any difficulty occur after the suspension of cash payments in 1797 in obtaining what gold or silver was required for foreign balances. They had to be purchased at their market rate, and that obligation tended to the export of goods, in balance, in preference to the metals. On the other hand, it might be objected that any attempt to limit the amount of legal tender might inconvenience trade. It was stated, how- ever, by several witnesses, and especially by Mr. Slater (of the firm of Morrison, Dillon, and Co., Fore-street, whose transactions are among 292 DRAFT REPORT OF THE the largest of the metropolis), that in wholesale transactions (except where confidence was shakened, which never happened except under a drain of bullion), bank-notes formed practically a very minute portion of the circulation. Such are the economies of circulation to which commerce has, in modern days, been learning to have recourse. " To prove how little," says Mr. Slater, " of real money, that is, of Bank of England notes and gold, enters into the operations of trade, it may be interesting, as well as conclusive on that point, to refer to the analysis of a continuous course of commercial transactions, extending over several millions yearly, and which may be considered as a fair example of the general trade of the country. The proportions of re- ceipts and payments are reduced to the scale of 1,000,OOOZ. only, during the year 1856, and are as under, viz. : — RECEIPTS : „ ^ "In bankers' drafts and mercantile bills'! -„., r'ne of exchange, payable after date . . j '' In cheques oi> bankers, &c., payable on 1 „,_ _. , demand J ' In country bankers' n .... 9,627 In Bank of England notes .... 68,554 In gold 28,089 In silver and copper 1,486 In Post-office orders 933 900,938 99,062 £ 1,000,000 PAYMENTS : By bills of exchange payable after date . . . 302,674 By cheques on London bankers 663,672 £ 966,34P By Bank of England notes .... 22,743 By gold 9,427 By silver and copper 1,484 33,654 £ 1,000,000 " These results may be taken as an illustration of trade in London, in those great branches where capital and credit may be supposed to SELECT COMMITTEE ON THE BANK ACTS. 293 have their free action. And they may be presumed to exemplify the ramifications of the currency amongst traders generally throughout the United Kingdom. It is here manifest, that of the money received, Bank of England notes amount to less than seven per cent., and gold and silver to only three per cent, of the currency. And of the pay- ments made, Bank of England notes are but two per cent., and gold and silver only one per cent, of the currency. On the other hand, pay- ments are received on a ratio of about ninety per cent., and are made at nearly ninety-seven per cent., of that portion of the currency which is formed of the credit and capital of the traders themselves, It is scarcely possible to produce more powerful evidence to establish the necessity for correcting that overwhelming influence which the Bank of England exercises over the whole money operations in the kingdom." Bank notes and sovereigns appear thus to be confined to the retail trade and to the tills of banks, until pressure and panic draw them into hoards. Our system, both of money and trade, thus appears to be one of credit; and based on confidence. What therefore is wanted for the benefit of commerce is that confi- dence should remain unshaken. Confidence has never yet been shaken, except under a heavy drain of gold : and then only because gold is the sole legal tender in the last resort. The export of gold coin would obviously be materially impeded by the imposition of a small seignorage at the Mint. What is wanted for the support of confidence, is a legal tender that never threatens to be unattainable. If a legal tender were constituted of the amount which has been usually required, either wholly of a material which was never exported, or in a large proportion of such a material, shocks to confidence, it may be reasonably concluded, would not take place. And thus the periodical panics so loudly complained of, and the consideration of which has so ofi;en occupied the attention of the Legislature, would be put an end to. For instance, 16,000,000?. of legal-tender notes might be issued on Government securities. These notes not to be convertible into gold, and the remainder to be on gold, as at present. Your Committee recom- mend the adoption of this suggestion. That panics should occur under circumstances such as are exhibited by a heavy drain of bullion is perfectly natural. It arises out of the apprehension of the debtor class, lest, through the sudden scarcity of kffal tender, they should be driven to sell some 500,000,000?. worth of property for some 6,O00,000Z. or 8,000,000Z. worth of gold. If a system of bullion alone would have saved a country from the 294 DRAFT REPORT ON THE BANK ACTS. evils of panic, Hamburg might have hoped to escape. Instead of escaping, it is said to have suffered the last autumn more severely than any other country. There may be evils in adopting such a modification of our present system as has been suggested. But the evils which are now com- plained of are so grievous, especially in their effects on th« working classes, that the proposed remedy, in the view of your Committee, ought to be tried. They consider that it would be a failure of duty on their part to flinch from the recommendation of a suggestion because it may be in some degree antagonistic in principle to the sj'stem now existing. It is a suggestion which might be more safely adopted, and is certainly more likely to be effectual for its object, than another suggestion which was made by several other witnesses, viz., that the issue on securities should remain, as at present, convertible, but be extended to 16,000,000?. One of these two suggestions, or some other relaxation, was made by almost every witness not directly connected with the national banks, or with the original promoters of the Act of 1844, or with banks at present enjoying a monopoly of circulation under the Acts of 1844-45. Should it be deemed necessary to maintain any restriction on country bank issues, your Committee think it should be done in such a manner as not to deprive them of any portion of their issue apparently designed by the Act of 1844. At present, for fear of the penalties contingent on an excess of that limit, they cannot venture to come within a consi- derable range of their legal margin. But it is very questionable whether a gradual increase (even if only at the rate of 1 per cent, per annum) should not be permitted to subserve the convenience of our rapidly increasing commerce. Finally, your Committee would strongly recommend legislation on the subject of the Bankruptcy laws, the present state of the law, as exhi- bited in the evidence being most unsatisfactory. 29i THE FLOWER, THE FEATHER, AND THE LEAVES. LINES WBITTKir IIT A PEAYEE BOOK. A GODLY lady gave this book, This book of prayers to me; And from her treasury she took Of little treasures three. Within its leaves her gifts she laid, Each at some favourite prayer, That when I sought devotion's aid The book might open there. Besides, it seemed to me indeed. By each a precept hung, That spoke a salutary rede In emblematic tongue. These were the gifts, the prayers between — ■ A flower, a feather slight, And autumn leaves that half were green, Half tawny-tipped with blight. " Behold " — said the half- withered leaf — " Poor nature's changeful hue 1 Earth's pleasures all are false and brief. Thy days on earth are few." The flower said — " Nay ! your earthly way If upward still it tend, Is fringed with blossoms bright and gay — Brighter as you ascend 1 " The feather said — " And when you gain The snowy mountain heights. On angel wings you shall be ta'en To heaven's undreamed delightsl " C. H. K. 296 SONNET. There is a heart that only beats for me — A simple brain that dreams of me alone — On that dear island, rising like a throne From shining iizure levels of the sea Whose foamy fringes white eternally Eaise toward my crag-perched home a murmuring moan, To her the echo of a voice well-known, Saying, " These wide waves sunder me and thee ! " That voice is in her mind's ear evermore: She hears it through the chirping of her loom. And staggering spindle's clatter on the floor: But most she hears it when the ocean roar Comes murmuring up through the still evening gloom, — Then in her toil she pauses, sighing sore. THE BANK CHARTEE ACT. " CONVERTIBILITY." BANK RETURN OF JULY 22ia), 1858. LIABILITIES. Notes Issued £30,992,595 Deduct, held by the Bank 10,386,965 20,605,630 Public Deposits 2,808,845 Other Deposits 15,711,905 Seven Days and other Bills 798,480 39,924,860 ASSETS. In the Issue Department: Gold Coin and Bullion ...16,517,595 In the Banking Department: Gold and Silver Coin 695,342— 17,212,937 Balance which the Bank could not pat, on July 22nd, 1858, in gold or silver 22,711,923 297 EDITH CLABEL: A STORY FROM THREE POINTS OF VIEW. CHAPTEE XVI. FROM THE PINK BOOK. It shows no signs as yet of being anything'like true love. It runs too smooth by far. How is it that in novels there are always such wonderful difficulties to be got over ? How the poor novelists must beat their brains for combinations, and situations, and adventures, and escapes, and heart-rending scenes, which are always more or less absurd and contradictory after all. "What nonsense it is to say that real life is stranger than fiction. I can't succeed in getting a rise out of real life at all. According to rule my parents ought to be hard-hearted enough to lock me up in one of the turret attics till I consented to marry Mr. Tremaddock. A carrier-pigeon should bring me tidings of my love lying wounded in the bower of a rival enchant- ress. Or there should be a necromancer in possession of Caercombe, making himself quite at home, like a sheriff's officer, after having turned papa and mamma into that restless pair of swans. Why are there no fire-snorting dragons on the bridge beneath my window — I hear the sound of the oar — and he is singing his Greek love songs in perfectly good spirits. The wretch ! That is to let me know he is coming round under my window — and I am expected to look out — dear me ! the window is open — not I ! it would certainly be foolish to look out. The oar and the song pause ! surely he will not say anything unless I go — that would be foolish of him. What is that flashing before the window ? and a pattering of drops on the panes ! " Fie ! sir ; are these your Venetian manners, to floiu-ish your oar- blade in my face, and splash my panes ?" " Are you there, haughty maiden, to repel my aspersions ? Me- thought your mignionette seemed thirsty in this sultry weather." " Did you think that the literature of my journal was dry too ? for you have watered that as well, besides quenching the feu de la composition with your moat water." " Pardon me my moat ; consider how many beams are in your own eye." " Is this the profanely garbled text with which you sprinkle me with unholy water ?" " The water which encircles your abode to me seems sacred." No. 5. -Vol. I. ^ 298 EDITH CLA.REL. " If you mean to serenade me in blank verse, the sooner I shut my window the better.'' " I go to troll for carp in the lagoon." " If you troll with a blank line you will hook no carp." " I troll my lines whereat thyself dost carp." " Horace says, Carpe diem, and we are wasting the day. Go and catch your carp — I have*to write my journal." " What can have happened since breakfast to put in your journal? It is a shame to stay in the house this weather. Come and make me the sketch you promised me, while I catch my fish and tell you something worth putting in your journal." " Oh, I dare say ! I should have a pretty occupation if I under- took to be the reporter of your speeches ; what have you got to tell me?" " A great many wonderful adventures." " A.re there any dragons and enchanters ? Are there any captive maidens imprisoned in turret chambers, and parents changed into swans, in your stories ?" " Certainly, and young people who take after their parents on- a smaller scale, as ducks and geese." " I don't want any stories with common ducks and geese. Go away ; good bye." " Don't ; you shall have necromancers and swans, and dragons, and captive maidens in turrets. Do please come, and bring your water-colours." " I will think about it when I have written my journal. Tou may come back for me when you have caught three fishes." " Done !" said he, and the gondola shot away. In the meantime I have been making this important entry in my book, and, as he does not seem to have caught his fish, I shall put on my hat, though I am not the least impatient nor have looked many times out of the window. Indeed, I think it is a false alarm of papa's about my being in love at all. I have not by any means made up my mind. I might just as well have said two fishes or even one, for the fishes in the pond are fat, lazy old fishes, and are never hungry on a sunshiny day ! How people do make up other people's minds for them, as if everybody else's afiairs were so wonderfully simple and transparent. Even dear papa ! Surely there is a vast difference between feeling a mere amiable disposition to like — and loving ! Surely love must come of knowledge, and knowledge of experience. But perhaps our modern society is so trimmed and pruned down, so shorn of all its nature, that we are permitted to become acquainted only as with wax-work figures under glass cases, and venture only as far as likipg ? Are modesty and prudence so little to be trusted EDITH CLAREL. 299 that prudery and cowardice are to supersede them? Are we to simper and take our chance, swaddled in placid proprieties ? No ! by Juno ! (for it would be unladylike to swear by Jove) I wiU be no simpering doll wooed through plate glass by the semblance of a plausible dummy. The waxen mask must break or melt sooner or later. A timid fastidious reserve, worn until it is too late, smothers and disguises too many ill-sorted human destinies. Cowardice and duplicity are the bane of life to men and women alike. Una's lion is only the type of a single-hearted woman's courage. I dare venture further than this liking if I see suificient reason. I will make no giddy plunge like the cowardly, rash weaklings who lose their presence of mind on the edge of difficulty, and fling themselves headlong down the precipice, rather than endure the suspense of looking steadily over, to consider the jutting ledges and zigzag clefts which may yield a practicable foothold to climb safely down. Is not this love a downward climbing from our high conceits — our fastidia ? " Come down, oh maid, from yonder mountain height ; What pleasure lives in height (the shepherd sang). In height and cold, the splendour of the hills ? Por love is of the valley — come thou downl Love lies in meadow-velvet, foliage fringed. Of Nature's broad green lap ; nor cares to climb With Death and morning on the silver horns." So read the proud princess, if I remember right, from the " volume of the poets of her land" in that " small sweet idyl." I hear him coming. Will he say, " Come down, oh maid 1" CHAPTEE XVII, SOMETHING SEEIOITS. It wiU take a great deal of writing — and indeed, perhaps, I had better not write it at all. But "perhaps I had better not " is the watchword of indecision. And Indecision is that slatternly house- wife by whose fault chiefly the moth and the rust are allowed to make such dull work of life ; corrupting aU the gleam and gloss of earth's perishable treasures. Indeed, if "better not" were to have been my device, I had probably better not have 3aid the greater part of my share of our conversation in the gondola. How difficult it is too, to give anything like an idea of a conversation in writing. How spiritless and flat it always seems when the look and the tone 300 EDITH CLAREL. are lost, and the briskness has all evaporated. Still, some day, when I look over these pages after many years, the recorded words of conversation will seem fresh and bright when the foolish setting of filigree reflections like these will be passed over as tarnished trumpery. Bits of human talk, if they are genuine and characteristic fragments of individual minds, keep their colour like the imperishable rubies and emeralds of Nature's laboratory ; while the jeweller's gold we mix in our own crucibles betrays its base alloy of folly and affectation. There may no doubt be plenty of affectation and folly in our talk also. But conversation keeps breaking the crystals as they are formed, and unconscious lights flash out of the fractures. They say on the stage nothing is so diflicult as a soliloquy. And why ? Who ever overheard anybody privately addressing himself in a set speech, and who am I speaking to now ? Perhaps to my future self, when I am the Mrs. Denzil of the possible future; when my husband, sitting at my elbow, rests his chin on my shoulder, and peeps over into this very page, and says, " Ah, silly child, did you think I could not guess your thoughts ?" What will Mrs. Denzil then reply ? '' Dear, I wrote the record of my life as it went by, the best I could, for the pleasure of looking back into my youth 1" To which he will reply, " Nonsense, dear wife ! you mean the plea- sure of looking forward." Then I shall lay my hand over all this, and say, " Be quiet now, you mustn't read this silly stuff; pass on to that terrible conversation in the gondola, which is much more interesting." " Then why did you waste your penwomanship on all that silly stuff; why did you not begin at once with the TEEEIBLE CONVEESATION IN THE SONDOLA." " Tou have been a long while catching your three fishes," said I, as I got into the boat, for want of something better to say ; for a conversation must have a beginning." " Almost as long as the three first centuries the jinn passed in the jar under the seal of Solomon — to me at least. But why did it seem so long to you ?" " Because you snapped the thread of my journal with your inter- ruptions, and I lost the loose end of my thoughts in the ravel of your impertinences. And it is tiresome hunting after the loose end of one's thoughts." "Is your life a tangle too? I supposed young ladies had their thoughts all nicely reeled on bobbins ; and could wind off any length of any colour — especially pink. I have always understood that a young lady's pen goes as glibly as her crochet needle." " Do you think all young ladies are exactly alike, that you pre- sume to lay down a general law for the literary instincts of the EDITH CLAREL. 30] creatures ? I incline to believe that women have as much variety of character as men." "You have me at a disadvantage till I get round the sharp turn, while you sit with all your wits under your parasol. Some of mine are managing the boat. But when we are moored quietly under the shadow of the elm — for that is my favourite view of the house, and the best fish lie there — when I have only to watch my float, and you are washing in your most artistic effects, then perhaps I shall have a chance in the argument. Is it a serious argument on the female mind ? I thought we were only talking nonsense to begin our conversation." " "Why should conversations begin with nonsense ? and why should they end in argument ? Surely any two human souls may find better employment than making silly grimaces at each other ; or, when they get serious, hustling each other away from the truth — for I am certain argument never brings people nearer the truth." " Conversations must almost always either begin in nonsense or truisms, and almost always must end either in a difierence of opinion, or a stagnant acquiescence in acknowledged common-places. A little argument is wholesome battledore and shuttlecock exercise for minds. Do you find much amusement in talking to people who agree with every word you say? Will that get you any nearer truth ?" " Tour talk is not half an inch deep. You are telling me words. Of course to any one who thinks in search of truth, a false acqui- escence by way of politeness must be odious as all other falsehood is odious. Still there is something in the original meaning of agreeable. The antagonistic element in conversation is a mistake." " It is a great mistake not to be agreeable in conversation, and if you will wait one moment till I have tied the boat's head to this drooping bough, I will devote my whole attention to being as agree- able as my poor gifts will admit. There now ; there is water in your painting tin, when you are ready to colour, and let me get my rod. Don't jou think this is a good point of view? Well, how am I to begin to be agreeable ?" " Go on with the conversation, but don't argue." " Then I must take your view, and enlarge upon your text, ' The antagonistic element in conversation is a mistake.' Maxime de la belle Clarel, extraite de la trente deuxieme volume de son journal, page neuf cent quatre vignt dix huit, au chapitre intitule, ' L'agreable en causeries c'est de chercher ensemble la verite,' en evitant de se froisser mutuellement les illusions." " Please speak English, and seriously. I don't like French nor persiflage." . r i, o-. " Then why don'.t you say persiflage m iinglish i 802 EDITH CLAREL. "Because I know no English for it but chaff, and that is a Tulgar slang word, not fit for a lady to use." " I don't like Erench very much either ; nothing sounds earnest in French. But it is the neatest language for definitions, small essays, and conversational criticism." " Ton seem to be beginning a small essay." " I am beginning to converse on your own theory. I am about to tell you how much I agree with you. I believe, with you, that the pleasure of conversation, from the sociability of minds, consists, as you so well observe, in thinking together in search of truth ; not always the matter of fact truth, which only concerns ' what is ;' but sometimes, starting with the plain fact (beyond which the ultra- practical people think it unnecessary to go), it is pleasant in the society of a kindred intelligence to untwine the prismatic strands of the seeming simple, piire-white ray of fact into the original colours of ' how it is.' " " Or even to go a step further, and dazzle that mysterious feature, ' the mind's eye,' at the blinding source of being, in a vain effort to reach the ' why it is.' Until we find, as the poets have said many times, we are a pair of silly moths, getting very little nearer our star; unless with singed wings we discover that we have been fatally mistaken, and that our star is a candle. " In the meantime we have fluttered away from what we were saying. After all, our test of truth under its various phases (of which what we call beauty may probably be the most general) is more gathered from an involuntary conviction of the senses which cry within our hearts, and minds, and souls, ' this is true,' or ' that ia false,' than from any self-directed reasoning process. We hardly ever use our reason to convince ourselves. We feel truth as we feel light or heat." " I should say we feel it as a musical instrument, strung in tune, feels and answers to a note of the human voice uttered in its presence. Tbe string which would, if struck, have yielded a kindred note to the ear, takes from the air a slender but perceptible vibration." " Well said ; and there you touch the heart of the question, to which I was coming by a more blundering and roundabout path than is opened by your happy illustration. Whatever is true and noble, vibrates from heart to heart, and has an eternal life in it that keeps its echoes for ever on the wiug. Whatever is false and base falls dead and echoless. This seems to me tbe great proof of prepon- derant good in the world. High and worthy objects draw men together ; low passions and self-ended motives keep them asunder. Every human being created in Grod's own image must have something divine iu his nature, however he may have distorted its features from EDITH CLAEEL. 303 the innate likeness by crime. Those who mix most freely with their kind, most clearly discover that this original Hkeness is the link which binds society together. Sympathy is the electric spark which marks the passage of truth from mind to mind. Therefore it is that in mental companionship, when parallel minds strike out at points of unison they are sure to be tending truthwards. The baiting places on the road of truth are not houses of discord— no noisy brawlers and contentious spirits go that way. ' Peace be within these walls,' is written over those portals. Goodfellow is the jovial landlord, and Gentleheart the smiling hostess, who welcome the cheerful wayfarers to that happy land whose everlasting mountains piled in the far horizon seem nearer and nearer as sunset after sunset wreaths their heaven-touching heights with rosy splendour. Blessed is he who makes that journey hand-in-hand with one, whose — " Here a fish took the bait, which caused an interruption. I was partly angry with the fish and partly grateful to him— for though interested, I felt a little nervous as to what that eloquent passage might lead to. " He is a perch," said Mr. DenzU, " and only very lightly hooked," as after a little resistance the fish came up to the surface gasping and looking very foolish. " If we don't mind he'll be off." I felt a little sorry for him, and was glad (when Mr. Denzil got up) to see the victim make a flicker and get loose. He seemed hardly aware of his freedom at first, but was just in time to escape the landing net. " If perches take counsel together in search of truth, we shall not catch many after this one has communicated with his friends." " Unless perches are wiser than men, his brother fishes will not take advantage of his experience. And even he himself may very likely remember the taste of the bait after he has forgotten the barb of the hook. I am afraid men and fishes grow wise very slowly, even on their own experience of life. Aa to other people's experience that is in about as much esteem as second-hand clothes." " The second-hand clothes of princes become robes of honour on the backs of their subjects ; and surely the experience of greater minds than our own is worth something even at second-hand. Why do statesmen study history ? "Why do the evangelical people read very dull memoirs of pious persons whose lives are almost entirely composed of ' experiences ?' Why do the worldly people take so much interest in personal gossip about individuals whom they neither love nor hate, the recorded incidents in whose lives are but little livelier and less edifying than those of the saints ? Why do the romantic people plod through volumes of dnll and improbable novels, unless for experi- ence F It is that men take an interest in aU things human; and I believe that interest to be chiefly their curiosity to see how human beings will act under a variety of circumstances iu order to compare 304 EDITH CLAKEL. notes with their own imagination as to how they would themselves have acted or may hereafter act, under similar circumstances. The worst of experience at second-hand is, that history, memoirs, gossip, and romance, are all about equally false. How interesting would a life be if human beings dared to speak out to one another. If I dare tell you, or you dare tell me a few of the things that float on the top of our memories, but which never touch our lips, how much more interesting it would be than this vapid talk which has been said over and over again by thousands of worthy persons who dare venture no further than common-place ?" " Our inner lives are so mixed of opposite ingredients, where good and bad contend like acid and alkali, that it is no wonder the effer- vescence only brings to the surface common-place bubbles of a neutral saltish flavour, tolerably brisk at the moment, soon flat, and after awhile totally insipid. Still the common-places of life are con- sidered wholesome ; and the first taste is not unpleasant. Certainly the dregs remind us of the soap-saucer out of which in our infancy we blew those practical bubbles that make so principal a figure in the metaphorical allusions of after years. Used you to be fond of blowing bubbles in your youth ?" " Of course I was. "We used to blow bubbles for hours and hours on the balcony of our palace, and see them float away and burst ; and some of them would last till they touched the water of the canal. I wonder where he is, and what sort of bubbles ho is blowing now ?" "Who ?" said Mr. Denzil, looking at me with rather a searching look, and the tone of his monosyllable made me look up from my drawing. " Prince Vladimir Eylskoi," said I. " He is attache at Constan- tinople." " How do you happen to know him ?" " We blew bubbles from the same saucer in Venice long ago. The princess Eylskoi lived at the other end of our balcony. He was a pretty boy, with long, straight, yellow hair, cut square on his shoulders like the silk of a tassel. He wore a military-looking fur cap, a crimson velvet tunic with a golden belt, loose white Turkish pantaloons, and red morocco boots up to the knee. He could blow larger bubbles than I could, and I respected him. He was generous to me with sugar almonds, and I valued his friendship. But once, when I had broken my last pipe in flinging off a bubble over the balcony -railing (which was rather high, and was the means of decapi- tating more pipes than my nurse approved), Vladimir came and wiped my tears and gave me his own, a very handsome pipe enamelled with forget-me-nots, that had survived at least half-a-dozen of my common ones— I gave him my whole heart. How he cried at our EDITH CLAREL. 305 last separation. I have never heard of him since. He was eight and I was seven. Do you think this is sentimental nonsense, that you shake your head ? Or that children cannot love with all their hearts ? Children are men and women as far as their souls." " I fear our bodies and minds more and more outgrow and bully their poor little delicate sister, the longer that triple association which we call an individual remains undissolved." " If that be so, the sooner we die the better — nay, we had better never have been born, which was the strongest .thing the evangelist found to say about Judas Iscariot. "What are we in the world for, if it be not a school for souls ; and to say that all or most of the scholars deteriorate under the discipline implies that Ahriraau is the school- master. What is become of your theory of preponderant good in the world ?" " Tou are taking an unfair advantage of me. Tou bind me over not to argue ; and then, when my elbows are pinioned, you turn to and hit me about the head. I will confess I have said things which contradict each other. The juice of the sugar-cane seems a pure, sweet, innocent liquid. But between the original growth and the sparry crystals which glisten on the tea-tables of fashion, what ordeals it has to undergo. There is the crushing of the cane, the seething of the boiler. It must be clarified with clotted blood, and drained through grimy filters of charred bones. The seeming purity of child- hood has within it all the undeveloped refuse of human baseness, and all the dormant madness of passion, as the cane-sap contains the element of rum and treacle as well as of lump-sugar." " Sugar, Mr. Speaker. "Will anybody dare to laugh at sugar now ? So you think that the sin and shame of life .clarify the spiritual syrup. That seems to me a dangerous doctrine. For the purest lives will come out mere brown muscovado if your dirty purifying ordeal be necessary to fine crystallization. I have been accustomed to think it wisdom ' to keep ourselves unspotted from the world.' But perhaps you think there ought to be one law for women and another for men ?" " I don't know that I think there ought to be, but I think practi- cally there is. Indeed, it is difficult to imagine the utter bankruptcy in morals which men would reach if it were not for the inexhaustible fund of female purity, handed down from mother to daughter, whose influence redeems the confused conscience of one generation, and lays a wholesome foundation in the hearts of another : a foundation which sin and folly may overlay and smother for a time, but cannot root up and erase. The foundation that is laid by the mother is built on by the wife." " Tou lay a very promising ground-plan for mothers and wives to 306 EDITH CLAREL. build on. The uest-constructing instinct muat be very strong to make them build at all." " No doubt it is, for nests there be. But it is very possible that if they all knew exactly what awaited them, there would not be quite so many. But the same thing is true of all human affairs. If men and women knew beforehand what would be the result of anything they proposed to do, they would seldom take the trouble of doing it. It is the headstrong blindness of mortals that works out the inten- tion of Providence. "We set about all sorts of endeavours with a brilliant anticipation of what will come of it. The anticipation turns out a delusion invariably ; but something comes of the adventure. Something which seems next to nothing in the hour of our dis- appointment, but which proves to have its value in the end. We all begin life with the idea, that by some superior skill in manage- ment, or some special good fortune, we are to escape the griefs and heart-burnings and disappointments of which our elders tell us life is full, and to secure an extraordinary proportion of earth's brightest treasures, which are said to be so thinly sprinkled ; and even when the fairest prize falls to our lot, we are very little better contented. So say the wise people at least, and I believe most of it except the last item. For I think it must be a very thankless nature that is not satisfied with the best that is to be had." " What is the best ?" " Happiness." " And what may happiness be, and what is it made of ? " Paith, hope, and charity. Faith, to begin with ; charity, to go on with ; and hope, to look forward to." " That is a very Scriptural receipt ; but, speaking in human lan- guage, if you had three wishes, what would you ask for ?" " A happy home, the will and the power to do good in this world, and a steadfast hope in the world to come." " What is a happy home ?" " Tou ask me short questions like the Catechism. That will take a good deal of answering." " Tou ought to be very much flattered that I condescend to catechise you, and gratified that I have not confuted any of your definitions. Besides, I am making you a nice picture of my own happy home, on the understanding that you were to amuse me while I painted. You are making a mere pretence of catching fish. Tou have not had a rise for the last half hour. Look at your hook to see if there is any bait on it, and tell me what is a happy home directly." " A happy home is an exceptional establishment, where the wife is always obedient and the husband is never domineering. Wbere the children never cut their teeth or have the measles, and the servants EDITH CLAIIEL. 307 never get drunk or give warning. Where neither the master of the house has a latch key and a dinner bill at his club, nor the mistress has a taste for cold mutton and washing days ." "You needn't go any further. I am quite satisfied that the description is accurate," said I, with some asperity I suppose, for he looked up at me with so amiable and comical a look of intelligence, that I was forced to smile too for a moment: and then, feeling that I had shown a silly disappointment and ill-humour at his breaking out of the serious tone, I looked down and became very busy with my drawing ; and the weather appeared suddenly to grow more oppres- sively sultry. Here a fish rose and was caught ; and I did not feel as if I pitied him the least bit in the world. But what was more terrible than all was, that he seemed to compassionate my confusion, and ventured a rash move himself to supersede it, and break the fall of my dignity. He said, — " Don't be angry with me ; unless you wish to make me very unhappy ; I hope my indiscretion is pardonable ;" and he looked «o sorry, and spoke in so kind and tender a tone, that, though the words were foolish enough (for it was I who had been indiscreet and not he) the foolish words touched me. I wished to say that I was not angry ; and to make some common-place remark, as if nothing was the matter ; but I could neither think of the common-place remark, nor even find my voice to say I was not angry. Moreover, I did not look up, though I felt his eyes were looking at me for the suppositi- tious forgiveness he had mentioned. And I am ashamed to say I believe I blushed a little. I hope he did not observe it, for he turned away at the moment, with a scarcely audible sigh. I dared not meet his eyes ; for I knew there was a dangerous expression in them for me to look at, and felt certain that if I looked up there would be something in mine that would lead to a premature crisis of some sort. There was rather a formidable pause. At last he said, "I wonder how much longer acquaintance it would take us to become perfect strangers again." " Till we grow intimate enough to venture on a desperate quarrel." " Heaven forbid ! But what is intimacy, and how does intimacy grow ? It seems to me to recede with the advance of acquaintance. We have grown more distant and cautious in our conversation day by day. We used not to be afraid of one another's criticisms. It seems to me I remember all sorts of wild rambling talk that ran on freely and boldly without thinking about it, very diiferent from the set phrases and solemn intervals of silence, which have come over our present interview for instance." " It is easier to talk freely and familiarly on indifferent subjects with a mere acquaintance, than to discuss the origin and course of 308 EDITH CLARBL. intimacy with a — friend, who is pleased to mix a slight tone of reproach with his inquiries. Neither friendship nor intimacy- grow any faster for being in too great a hurry." I am afraid my sentence faltered a little before the word friend, and that I quick- ened my pace nervously; so that with a view of effacing what might seem an opening, I fell into the very hurry I was depre- cating, and said an ill-advised thing. He was not disconcerted, but seemed a little hurt. He looked at me with a steadfast, sad expression, and said, — " It is too late for good advice when I have already given you cause to bestow it upon me. I may have been in too great a hurry. That is past and done with. The time is come for me to speak openly when your friendly warning shows me I have already betrayed myself. I have no wonderful news to tell you — no pro- found secret — neither a secret nor news at all." While he was saying all this, which he pronounced slowly and with a determined though rather tremulous calmness of manner, I felt a giddy sensa- tion as if the gondola was being twirled round and round in the innermost rings of Maelstrom, and I was tempted to leap head- long into the water and escape at all hazards. Then I thought of getting up and commanding him to row me home instantly, but I felt I could not summon a sufficiently imperious manner. I felt his sad, serious eyes watching me as I looked at my drawing, which seemed of all the colours of the rainbow in unutterable con- fusion, and with which I forgot even to make the faintest pre- tence of being in the least occupied ; so that I took no step of any kind, and he went on. " It may, perhaps, be my very great mis- fortune, but till you finally forbid me to hope it will be my only happiness to love you — the sole object of my life to win and to deserve your love in return. I have not the folly or presumption to suppose for a moment, that I am worthy of such a treasure, but I have resolved to set my heart and life on the turn of this precious venture. I tell you this thus formally, not because I suppose it will be new to you, but because till it has been said there is a sense of something smothered, something to be avoided and ignored, some suspicion of ungenuineness and evasion, which tends to sunder friendship and widen the distance between us ; for you have confessed friendship. And though I risk its loss by what may seem a rash declaration, I think open, straightforward measures are less dangerous than faltering hesitation and reserve. Porgive me the trouble and embarrassment I have caused you. Tell me if you can give me any hope ; but even if you cannot, do not too hastily condemn me to despair." I felt very thankful to my good stars that he did not stop short and wait for au answer EDITH CLAIIEL. 309 immediately after his declaration, for I don't know what I should have said. But directly that was over, a cheerful glow of courage sprung up in my heart. My nerves recovered from their flurry, and the cloud cleared away from my eyes. I felt that I was mis- tress of the situation, not without a certain naughty sense of triumph over my suppliant captive. I ventured to look up. His eyes were full of a tender, earnest anxiety, which occasioned me some slight compunction for the cool and rather hard-hearted answer I was meditating. I suppose, however, that I did not look very severe or discouraging, for he leant forward and took one of my hands, saying, " Let me swear my allegiance ! " But when he made as if he would kiss it, I drew away my hand, and said, " No ! that will not do, Mr. Denzil, Tou have spoken plainly, though rashly to me, and I forgive you for your rashness. Indeed, I suppose I have very little to forgive ; for I have no power to prevent you from loving me if you are ill-advised enough to pay me that compliment. Nor have I any right, that I know of, to be indignant with you for telling me so civilly. But if I were to permit you to kiss my hand, that would be a sign on my part of accepting your allegiance." " Oh! then let me kiss your hand!" said he, in an imploring tone that went very near to my heart, and I was almost inclined to yield. But my reflections of a day or two ago came to my aid. " Now," said I to myself, " the romance of courtship is beginning. Now is my time to see how he will behave under difficulties! " So I kept my hands resolutely out of reach, and said, " Listen to me, Mr. Denzil. I said you spoke rashly, but I believe you spoke honestly to me. It is now my turn to speak plainly, though I hope prudently, to you, if there be any prudence at all in going on with this conversation. I have no personal experience in scenes of this kind ; but, from what I have read in books, I think the recognised course for a young lady under such circumstances would be, to say nothing, and go away at once in a foolish flutter. Perhaps if I followed my cowardly instincts, that is what I might do. But I see no real reason to be afraid. Indeed, I have perfect confidence that you will hear me discreetly, and I think there is some truth in your view, that there is less danger in speaking out and cutting through a difficulty with sharp words than in leaving it entangled in doubt or smothered in silence." " A thousand thanks ! At any rate you are treating me with con- fidence and as a friend. Speak as plainly as you Uke; I feel sure you will deal reasonably, and I hope not very harshly, with my " Do not be too sure of that. I will be as reasonable as I can, but 310 EDITH CLAKEL. I fear you will think me hard-hearted, and ungrateful for the honour you have done me in offering me your heart, with what I, at present, must consider an indiscreet generosity. Men, 1 believe, are apt to think women of a simpler mechanism than we thint our- selves. Tou may fancy you know me sufiiciently to be sure you love me. I know myself well enough to be nearly certain that if you knew all the shifts and turns of my character you would be much less sublimely enthusiastic in your estimate. Ah ! I see you think your male penetration of intellect is infallible. Well, allowing that you are right, or nearly right, in supposing that I should not disappoint you on more intimate acquaintance ; granted that q, young and moderately innocent girl, who has no previous history but the nursery and school-room, is easily deciphered and read almost at sight ; granted that her nature is pliable, — for that very reason, if for no other, marriage is to the woman a much more serious thing than to the man. Tour character is formed ; your life is already complicated with a mass of previous experience. What do I know of yoiir character ? I have heard you talk like an honest, amiable, and intelligent man. But I have been told many men talk pleasantly who turn out very little better than their neighbours: and that deeds, not words, are the proof of character." " You will not judge me at all over severely, if you estimate me according to your theory. I am very little better than my neigh- bours." " I hope you are a great deal better, but it remains to be proved. Then I must hear your previous experience. Ah ! you wince a little at that. I must hear how you have acted ; you will have the advan- tage of being your own historian. I must see how you act under your present unfortunate circumstances, which I am already begin- ning and am resolved to make as distressing as possible, and in which I shaU have the advantage of being my ovm witness. After nearly as many years of galling bondage as Jacob went through for Eachel's sake, I shall perhaps be able to give you an answer, if your patience should have held out long enough. In the meantime I neither accept you nor reject you. I will receive no proffered allegiance on your part, nor will I entertain the slightest shadow of even the most provisional fraction of an engagement on mine. Things are as they were, with the exception that you have made a rash declaration, which I have, with perhaps equal imprudence, con- doned. I impose no conditions of eternal silence on the subject. Tou can tell me as much of your history as you please, and I shall be better able to see your faults when your good behaviour wears a little threadbare. Now, sir, are you satisfied ? and have I spoken plain enough to suit you ?" EDITH CLAREL. 311 " I am satisfied. Tou have spoken out like a man. I begin to be seriously afraid you are a strong-minded woman." " That is a severe rebuke. But I meant to show you a little of the prosaic side of my character. Tour disenchantment will go on pros- perously. I see you already begin to love me less devotedly." " If we are to continue in this castle of truth I may be permitted to say, that your judgment delivered in my suit is a little too judicial to be quite feminine— a little too reasonable to be quite practicable— a little too prudent to be quite safe. It differs materially from tlie wisdom of our ancestors and ancestresses in similar cases laid down ; and, though I cannot at th6 moment detect the precise flaw which will make it crumble to pieces, I feel morally sure that it will divide me from joy or grief much less permanently than is argued by the scheme itself. But why should I love you less for getting over a difficulty, which might have been a stumbling-block, by a bold and ingenious scheme which will have served its turn probably before it breaks ?" " You said I spoke out like a man, and you feared I was a strong- minded woman ; and you said it as if there was bitterness." — My voice faltered a little, and I suddenly became aware that I had been speak- ing under excitement, and that I had said things that were in very bad taste. I had received his love with a pretence of indifferent levity that was both false, and cruel, and unwomanly. What if he really did think worse of me — if he really did love me less ! I then knew by the deadly sinking at my heart that I loved him. The tears swam in my eyes, and all my mind seemed darkened. I felt that he had moved near me, that he had taken my hand, and was covering it with kisses. I had no strength to withdraw it — and the next moment I found myself leaning on his breast, and sobbing convul- sively, like a silly heart-broken child. I cannot imagine how my sense of shame could have been so smothered in weakness, nor can I describe the gentle and loving tenderness with which he consoled and quieted me, as if I had been a child. When I recovered myself, I was surprised not to feel ashamed, but happy. He had seen my weakness, but he was no longer a stranger. So ended that terrible conversation in the gondola. 313 RAILWAYS : THEIR PROSPECTS AND RETROSPECTS. Imagine the thunderclap of an inexorable despotism sounding in the ears of Englishmen; and not merely issuing its fiat against Anglo- Saxon progress, but with retrograde malignity exterminating every new thing since the commencement of the century. Imagine gas extinguished; cabs and omnibuses burnt ; every rail uplifted; every steamer sunk; every telegraphic wire severed in twain. For these are all the offspring of the nineteenth century. In the earlier years of the century men spoke of the march of intellect; these are some of its fruits. Or rather, let us suppose all these calamities threatened, with the reservation that the people might choose one of the list which should be allowed to remain. Can any one doubt which that one would be, by common consent signalizing thereby that which has conferred out of them all the greatest boon, and therefore indicating its intrinsic value to mankind ? It is not to be doubted that of all the gifts of the century, railways are the one it would be most difEoult to part with. And yet they •were preceded by every one of the other discoveries, except the telegraphic wire, which is but a corollary to the railway system, and would scarce have occurred to any one but for the previous establishment of railways. Wewell remember witnessing the return of the experimental train which took the Duke of Wellington and others, on the day of the opening of the Liverpool and Manchester line, from one town to the other; the wonder expressed at the rate of twenty miles an hour; the Duke's reconciliation with Mr. Huskisson on that memorable day ; the crowds which so anxiously awaited the return; and the melancholy countenances which those returning carriages contained that had been eye-witnesses of Mr. Huskisson's terrible death. Sad, )'et vfonderful day I and inscrutable to mortal eyes. As the immortal Havelook, so Huskisson was summoned at the dawn of the day of triumph for which their respective labours had laid the foundation, since it is clear that nothing really furnished the opportunities for the agitation for the freedom of trade more than the establishment of railways. Before 1830 tramways had long been in extensive use for mining purposes. In the county of Durham especially, much to the disgust of the squires of the Sedgficid hunt. And some four or five years anterior the Stockton and Darlington Railway, extending from the latter town to Middlesbro' in the North Riding of Yorkshire, had been in active working; but the speed in no case exceeded eight miles an hour. To the energy of the Peases and the South Durham Quakers this first work of the kind mainly owed its existence. The carriage of coal was of course the object. Middlesbro', then a barren waste, now a thriving borough railways: their prospects and retrospects. 313 of 14,000 or 15,000 inhabitants, but in 1828 might contain some half- dozen houses, was created as the outport. But for passenger traffic, how was the mail, at an average of ten miles an hour — how were the Brighton expresses at twelve miles— to be superseded ? No one (except two men in remote and opposite corners) seems to have dreamt of it. Those two men were old George Stephen- son and Goldsworthy Gurney. The latter, according to a lieport of the House of Commons, which we remember reading some twenty years back, was trying experiments in 1822 or 1823 for running steam carriages on ordinary turnpike roads. In 1824 or 1825 he hit upon the expedient of the steam jet, the effect of which in intensifying the furnace is such, that it has been the real means of acceleration of speed on railways from eight to fifty and sixty miles an hour. Mr. Gurney stated in his examination, as far as we remember, that one of his work- men left him as he was completing his experiments, and engaged with George Stephenson. Two or three years after, the Liverpool and Man- chester Railway was opened, and George Stephenson reaped the triumph and glory ; and we trust, in the result, a handsome fortune likewise. For whether he or Gurney were the real originators, or both (as often occurs when the times of Providence are rife) simultaneously, let no one grudge to the enterprising, enduring genius of George Stephenson a rich and ample recompense. Railways for the conveyance of passengers were now accepted as a reality, and the day after the great opening, agents were canvassing in Liverpool for subscribers for shares in the Liverpool, or Manchester, and Birmingham. Shortly after was started the scheme for the London and Birmingham. The through line must have been opened somewhere about 1835, for we think it was in 1836 that the great fight took place for the Trent Valley scheme, which was to cut off an angle, and so shorten the distance. In those days committees were wholly unreformed. The county members of all the counties through which the line passed, and even contiguous counties, besides the various boroughs bordering in any way upon the line, were, by the standing orders of the House of Com- mons, members of the committee. A small number sat to support the chairman ; the rest were whipped up for a division. In this committee Sir Robert Peel headed the Trent Valley side, the direct line which passed Tamworth; Lord Stanley, now Lord Derby, headed the old through line. Old we call it, but it had so lately been opened that it was still a problem what dividend would be paid, or whether any. The original estimate of £4,000,000 or £5,000,000 having, before its comple- tion, swelled to £9,000,000 or more. Lord Stanley carried theday. Above one hundred members voted. Here at least was a vested interest which demanded some consideration from Parliament; a gigantic experiment, the success of which to its subscribers was as yet unproved. 314 RAILWAYS : THEIR PROSPECTS AND RETROSPECTS. The great excess of the expenditure over the estimates in the case of the London and Birmingham had some eiFect in checking the rage for these investments. A few bills passed. The panic of 1836-7, and the subsequent pressure on the commercial classes, and financial deficits for the six succeeding years, threw the heaviest discouragement upon the construction of railways. Nothing showed the natural shrewdness of George Hudson more than when the York and North Midland was struggling into existence, and with the greatest difficulty obtaining pay- ment of calls (their shares at a discount of more than 50 per cent.), he saw so clearly the true merit of the undertaking; and he invested as largely in it, or more so, probably, as his then condition of a retail shop- keeper in York warranted. The failure of the Whigs in finance, and the adroit management of the Conservative party by Peel, brought Sir Eobert into power in 184'1. A large modification of the tariff', a small one of the corn laws, and an income-tax were the result. Another monetary crisis had [occurred in 1839-40: trade was stagnant. Lancashire and the West Eiding were in open outbreak in 1842 — the consequences of our " sound and whole- some'' and indefeasible money laws. During this stagnation, with labour disemployed and trade at a standstill, money accumulated, as it is now doing, in the money centres ; and the rate of interest fell to 2 and 3 per cent. After awhile, the spirit of speculation was aroused. Trade had proved a rash adventure: something must be done with money, or it was valueless. The mania took the direction of railways. Then en- sued a rush, and hubbub: an insane scramble for shares, such as has not been witnessed since the days of the Mississippi scheme. The folly, indeed, was great ; but it was a folly stimulated, encouraged, superinduced by our system of monetary legislation. The first fruits of this succulent shoot of folly — which sprung in 1843, thickened in 1844, and flourished in its utmost vigour in 1845 — was an unexampled demand for labour. Not only much of the capital usually devoted to trade, and therefore circulating, was invested in these schemes ; but the resources of fixed capital were trenched upon to an immense extent — in the shape of loans from bankers, for which lands and houses, &c., were respon- sible — every tradesman and his apprentice, every master and servant, every widow and spinster, with trifling exceptions, rushed into the vortex. The capital thus sucked out of every source went to employ labour, and to enrich engineers, contractors, and newspapers. Who shall estimate the amount expended in advertisements in those fabulous years? Who the harvest to solicitors, counsel, and parliamentary agents? Another class should not be forgotten, who fattened on the spoil, — earn- ings of long and patient industry, whose insane investment was confer- ring such an inestimable boon on the country, — that of the grasping and wrong-headed land-owners, through whose property lines were to run — RAILWAYS : THEIR PROSPECTS AND RETROSPECTS. 315 property whicli must neccessarily profit so greatly by those very under- takings from which they extorted mythical sums i'or a right of way; sums which were paid, rather than encounter a parliamentary opposition (which would cost still more) with these very same extortionate squires on the committees. Nor can the short-comings of Parliament and its leaders be forgotten. Who hallooed on the competition and rivalry of the day, by his advocacy of direct lines, like Sir R. Peel ? — by his speech on turning the first sod of the Trent Valley line which Parliament had at length sanctioned. Who disowned his own subordinate, Lord Dalhousie, whose Board of Trade Eepott on the system most prudent to be adopted in reference to rival lines might have saved an incalculable waste of money? — Sir Robert Peel. But for him, we might have had the same method in our madness which the French have had in theirs. In the minds of those who have watched, as we have, the passing oi various bills through the Houses of Parliament ; or witnessed their defeat through the caprice of committees (and from this caprice the House of Lords and even Lord Eedesdale are not exempt), there can be small reason for doubt that the course taken by Parliament itself on the subject of Railways has added to their cost full one-third. When too late, indeed, the Legislature, through standing orders and various acts, endeavoured to stay the mischief. What it might have done to give some relief to the poor sufferers who were sacrificing them- selves to a great national good, was to have stopped the formation of more lines by withholding their sanction for a certain number of years. What they did do, was not only to go on in the old course of permitting rival lines, and the outlay of additional capital, before that which had been before embarked, or was then in course of outlay, had a chance of fructifying return ; but the regulations laid down for Consolidation Acts, and standing orders, and other provisions, and by the capricious and opposite decisions of committees, were such as to add most materially to the embarrassments of the lines first granted. These lines, in 1846 and ibur or five following years, were struggling by every device human ingenuity could devise to muster funds to get into working order, so that some return at least might be received for an immense outlay. For to their shareholders they looked in vain, as well they might; for after the first few calls, the Act of 1844 began to interpose: first in the spring of 1846; then in the spring and autumn of 1847. Had the rate of money remained uniform and equable, the task to meet calls would have been hard enough; under the law as it existed and still exists, it was impossible. The truth is, half the railways in the kingdom have had to scuffle through their difficulties, very mainly, by evasions of im- practicable rules laid down by legislative ignorance and inexperience. On an unknown species of works, railway diiectors had been before 316 KAILWAYS: THEIK PROSPECTS AND RETROSPECTS. this sufficiently in the hands of contractors ; now they were completely at their mercy. It is not iinprobable that their first works brought them in full one-third more than a fair return. When the railway boards were exhausted of funds — " calling " upon householders who heard them not, or not daring to call for fear of their seats being forfeited — unable to raise money on debentures (we speak of the ordinary class of lines) — the works must be at a stand-still, and millions be thrown away, unless funds could be had from some source or other. The contractors, by their first haul, had made fortunes; their credit was high; they stepped in to the rescue. But at what price ? They were in a condition to command terms ; for the contract had been broken. Need we wonder at colossal fortunes on the one hand; and at one, or two, or nothing per cent, on the other ? Then it was found that more money was wanted; for the original estimate had been exceeded. Preference shares were created. Then came other bills before Parliament, with all their concomitant expenditure. And by this time the monetary pressure might have passed away, and the funds could be raised. But how ? " Hope deferred maketh the heart sick." All this process inferred of course " nil" by way of dividend, to the poor shareholder: and still does, in some cases, after a struggle perhaps of ten or twelve years; for he is the lag-last on the long list of claimants who precede him. The interest on land claims still perhaps unpaid; interest on debentures; contract creditors — interest on debt due to them; interest on temporary loans, backed by the'personal credit of directors — without which pressing creditors could not have been staved off — varying in their rate from 5 to 8 per cent., and latterly even as high as 10 ! What wonder after all these claims that nothing, or perhaps some £3,000 or £,4000 only, out of £50,000 nett income, was left for the original proprietors of these gigantic undertakings I And what sympathy has been shown to these sufferers, after they have sacrificed all their available capital, and pinched and screwed themselves for years (and frequently been compelled to sell for an old song), to construct that system of intercommunication which, at our commence- ment, we have averred the public would be less content to surrender than any other of the wonderful discoveries of this or the last generation; which, in other words, is saying any other since the Refor- mation or the revival of letters ? Jeers on the part of the press — the leading portion of it at least ; and contumely, almost, on the part of Par- liament,'' at the very sound of a railway shareholder ! — Parliament, which has had no small share in contributing to these unfortunate results 1 And the above is but the prelude to a word or two we would say to some late observations of the press in reference to the declaration of " no dividend " to the Great Western shareholders. First, a word to the Economist, which is more philosophical in its KAILWAYS : THEIR PROSPECTS AND RETROSPECTS. 317 ' " mood than its slashing contemporary. " The cause of ' no dividends,' says that journal, " is the enormous amount of debt incurred by way of loan on debentures. Out of more than £300,000,000 expended on railways, some £80,000,000 has been borrowed ; and this we have shown is only a portion of the debt incurred. If Parliament had not sanctioned such large borrowing powers, these charges could not have amounted to so heavy an item as to preclude all share of profitto the common stock." That is but another way of saying that any man is the master of his own property only who is no man's debtor; and that his income is never certain which is rising and falling with the rate of interest. This moralising tone is all very yrell in its season, and true enough in the abstract, but verj' little to the purpose. The case in practice was this: — The monetary laws stimulated the spirit of speculation ; Parlia- ment encouraged it by its sanction of competing lines ; the operations of the monetary laws again pulled up the adventure, all of a sudden, when at full speed, and when these gigantic works were half completed only. They could or would not have been dragged through to completion except for borrowing, either with or without powers granted by Parliament. Many a line would never have been finished to this day, which has been open for years, but for borrowing, even on the credit of directors. This was an evil, no doubt; but it had become, through the bungles of legisla- tion, a necessary evil. Had Sir Eobert Peel been possessed of what he seemed wholly deficient, viz., an ordinary share of prescience, he would in 1844 have perfected some scheme of direction to the speculative energies of the public in favour of railways. He did, as we have seen, the very opposite. And when the outlay on railways had raised wages, and stimulated consumption so largely as to produce the prosperity of 1845-6, with equal ignorance and presumption he attributed that prosperity to his own commercial legislation, instead of to the low rate of interest in 1842, '3, '4, which nursed the spirit of speculation, and which set labour to work on railways. Where was the prosperity arising out of commercial legislation in 1848, '9, '50, '51, '52 ? Where is it now ? When debentures shall have been converted generally into perpetual preference stock, at SJ or 4 per cent., then common stocks will begin to look up, and the natural increase of traffic, with the growth of population, will swell dividends progressively and steadily. What says the Times in an article of flippant levity (Aug. 17) in reference to this same Great Western defalcation? " If there ever was a certainty, it was the frequent recurrence of times when there would not be much money for mere pleasure trips, and when railway traffic would be reduced to commercial necessity or domestic convenience." We are happy to see the truth proclaimed, even as it were by accident. What is this but to tell every railway proprietor in the kingdom to look about him, and examine for himself wh,at is the cause of the recurrence of these times when lie is to go minus his dividends? 3 18 RAILWAYS : THEIR PROSPECTS AND RETROSPECTS. Ao-ain, " what is the actual state of the case, as is obvious to every traveller? During the last half year, north, east, west, and south, near and far, there is the same beggarly account of empty carriages." Will the Times tell its readers that this is owing to any other cause under the sun than to the panic of last autumn? "We trow not. The money laws then, even by the confession of the Times, are at the bottom of all that paralysis of trade and industry, which disables men from partaking of those intervals of enjoyment which are the necessary relaxation from the severity of their toil. Need we a stronger argument for exciting every man, woman, and child, to hasten to consider if there be no means of protecting themselves from these periodical attacks upon their resources, by which their powers even of locomotion are so utterly prostrated. The Tim.es says, ^' they are certain to occur." So they are, so long as our present money laws exist. But, necessarily, not a day longer. Will the Times be good enough to tell us if we have not as much or as many acres, houses, mills, roads, bridges, canals, railways, ships, machinery, raw material of industry, "corn, wine, and oil," as we had two years ago? These are our wealth. Why are we then stricken with all the symptoms of poverty? Unable to treat ourselves with a trip to Devonshire by the Great Western, or to Scarborough by the Great Northern? We have even more gold than we had two years ago. Why then the necessity for such miserly prudence? It is the money law, and the money law alone, which is the parent cause, while the panic, with all these ano- malies, are its children. Is the commercial interest, or the railway interest, or both combined (for their interests are the same), unable or unwilling to put their shoulder to the wheel to get their wagon out of this rut ? Let them remember the fable. Jupiter will help those only who first try to help themselves. Those two interests united are omnipotent to com- mand rudress. Even the doctors of the panic system are all at sea in their late report according to the Times. Now is the time to move for a change. Nine men in ten distrust the present system; but as yet they know not what else to trust. Let them rely upon it, " Where the will is, there the way will be found;'' and where there is a poison the antidote is not'withheld. Do railway shareholders want better, securer dividends? Do tradesmen and merchants want securer, more equable profits? They may make up their minds once for all, that while the present money laws last they can have neither one nor the other. And let the former recollect this, if the Eussian war had not stopped when it did, the interests of railway debentures would have risen to 6 or 7 per cent., and deprived every line in England, with a few trifling excep- tions, of every vestige of dividend. Let them stir themselves at once for monetary reform and a uniform system of railway legislation. 319 THE DRAMATIC COLLEGE. I KNOW your wife says sharp and bitter things to you now and then. But when she does you almost always deserve it. You some- times say rough, harsh, hasty words to her; and she, very rarely of course, (for we know she is next door to an angel,) still now and then, and in some modified degree, she catches it not without reason! Tou are both of you subject to human frailty. Perfection does not belong to this planet. Still, with all your faults, how much you love one another ! Are you (in a fit of the sulks, at your club on the washing day) incredu- lous about the depth, and tenderness, and truth, of your mutual value to each other ? Now pray don't harden your heart in error, my dear Cavendish ! for^ it is civiler to call you by a good name, and I have so many intimate friends of the name of— never mind what typical and generic patronymic, who are apt to personalise generalities, that I prefer for my own sake to call you Cavendish. Don't make an empty pretence, my dear fellow, of disbelieving, for one rebellious moment, what, if you really did seriously doubt, would very likely make you go to the gallery in Leicester Square and (after two or three bad shots at the target to be sure the pistol would go off, and that the loader was not on the watch to defeat your desperate purpose) blow your brains out, so as to have become a corpse by the time he handed you the next pistol. Tou love Mrs. C. with that hearty, sound second wind of love which came long after you first got out of breath with sighing, and vowing, and panting. Tou love her because she has by force of circumstances grown to love you. This she has done because (after an average amount of the aforesaid panting, vowing, and sighing) she felt it her duty to marry you ; and then having married you, it naturally followed that you were her husband. Thus she came to love you muchmore than sheever loved Howard — who, to give everybody his due, is a cleverer and better-looking feUow than you are — with whom she flirted most vigorously till she found that he was not afflicted to the same extent with sighing, vowing, and panting symptoms. She loves you much more than she loved Courtenay, who was shot through the heart at Balaclava, only three months after their engage- ment. Tou know you sometimes grind your teeth still, when you see a furtive tear spring in the corner of her tender violet eye at some casual mention of the Crimea. What occasion have you to be jealous of Courtenay ? Tou have overlaid and smothered that love long ago. It is true her love for you in the pre-nuptial period was a lamentably husiuess-liko and unromantic affair as contrasted with that glittering jewellery of her 320 DRAMATIC COLLEGE. maiden imagination which she lavished on the decoration of her young heart's beau ideal. She did not love what Courtenay was, but what she made up her mind, in the sweet inexperience of her first passion, a man with such eyes and whiskers needs must be. We both of us know very well that Courtenay was a selfish, common- place cavalry ofiicer. She will cherish a pretty, innocent sentiment about him to her dying day. But her love for you is a very different and a very much more tangible and valuable thing than a pretty sentiment. Women are very practical matter-of-fact creatures. Though they are gifted with a brilliant imagination, they go much more implicitly by experience than men do. Mrs. Cavendish loves you so much better than all her previous flames, because she knows you a great deal better. Her intimate acquaintance with you has revealed to her a great many sterling human qualities in your cha- racter which her imagination had never figured to itself in the other cases. Ton are, without flattery, a very good, manly, respectable sort of fellow. But, apart from any desire to disparage your estimable characteristics, I may tell you frankly that she sets more store by you than— according to the estimate of the world at large — you are worth. She is highly justified in her truly wifelike and womanly exaggeration of your merits, notwithstanding. The beau- tiful simplicity of her belief in you is founded on the singleness of her intimate experience of mankind. She takes it for granted that many of the noblest ingredients of your nature are special and exceptional in your instance ; instead of being pretty common to your species, although only discoverable under the conditions of intimate famiKarity, and those electric flashings of intelligence and sympathy between hearts and brains wedded by afiection's golden- twisted telegraph wire. Now I dare say that you, my dear Cavendish, and all the rest of my readers are beginning to wonder what I am driving at. And indeed it is about time to tell you. I have announced to you that you are of two widely difierent values as tested by the estimate of all the world and your own wife. I am inclined to take her valuation as nearest the true one absolutely, though not relatively. She knows you infinitely better than all the world know you — though since she remains in almost total ignorance of the merits of millions, some your betters, and many more your inferiors, her valuation is not to be taken as compared with them. What I wish to point out to you is that the world at large ought to know more of your good qualities than it actually does. The world at large is defrauded of its legiti- mate share in the amenities of your character. And why does the world do you injustice ? Of course I take it for granted you will allow the world does you injustice. What is the reason your fellow- DRAMATIC COLLEGE. 3'21 men have not found you out ? I should be sorry to offend you, but I must tell you frankly, it is because you have unfortunately a very clumsy and bungling way of showing the world your good qualities. For instance, when you are stirred by a generous or benevolent impulse, you perform your benevolent or generous act in a rough, sulky, hurlo-thrumbo manner, for fear of being thought foolishly soft- hearted. If a noble or high-minded sentiment occurs to you, you bring it out in coarse semi-jocose language, for fear of being taken for a highflown humbug. In your relations with your wife, before company, you put on a certain Spartan roughness and Ottoman tyranniealness of manner, quite foreign to the gentleness of your domestic moments, for fear the world should think you uxorious. Tou overlay yourself with a vast number of similar honest hypocri- sies, of which, for fear of being tedious, I will only allude to one — and that is a very important one. Tou are a firm believer in, and a very respectable practiser of, the precepts and doctrines of revealed religion : but I have heard you talk with levity, almost amounting to profanity, of sacred things. I happened to know that this was merely your clumsy substitute for a determined abstinence from Pharisaical cant. But the world generally takes you at your word, and looks upon you as a man of mighty little religion. Tet, after having deliberately pitched your whole expression of yourself in a much lower key and coarser tone than that which really belongs to your thoughts and feelings, you are rather "grumptious" with your fellow-men for not setting you at your true and J'uU worth. But if your fellow-men lose so much genuine, but, unfortunately, neutralised humanity in your individual instance, how much more do you lose, in the aggregate, from a similar neutralisation and disguise, practised by the great majority of your fellow-men ? What a pleasant world it would be if we did not mainly know one another by our husks ! Now I want you to consider how it is that you and your fellow- creatures have come to take this ill-advised course. The real mystery of it all is, that you have not confidence enough in the brotherhood of your own and your fellow-men's common humanity to dare, under all circumstances, to be neither more nor less than yourself Tou have been secretly afraid that there might be something ridiculous about you if you showed yourself too freely. The consequence has been, not only that you have not credit for the virtues and talents you possess, but you have also blunted those virtues, and bleached and stunted those' talents, by keeping them, like sea-kale, from the light of day. Por fear of seeming pedantic you have never practised yourself in speaking correct and dignified language. The other day, when 322 DRAMATIC COLLEGE. you had to make a speech on a somewhat solemn occasion, you broke down most signally, and uttered bad grammar and nonsense, to whose absvirdity no one was more painfully alive than yourself. Tou meant to be lucid, and you got in a muddle ; you meant to be indignant, and you got in a pucker ; you meant to be contemptuous, and you made yourself contemptible. Alas ! my dear Cavendish, if you will not habitually make the best of your faculties, it is vain to hope they will be in proper trim to serve your turn on a great occasion. Great occasions occur too seldom to serve for practice. Tou cannot learn cricket by only playing in All England matches. Tou may learn a good deal by looking on at Lord's. Tou see there what can be done by men who have only the same arrangement and allowance of arms and legs as yourself; but you must learn to do it by continual practice. Now what Lord's does for cricket the theatre does, or ought to do, for the expression of human nature under all its phases. A good play crowds together as many striking scenes of human passion, as many critical turning-points in human destinies, as usually occur in two or three real lifetimes. Good acting shows you how men ought to behave themselves under these rare and' unfamiliar contingencies. The fear of being ridiculous [invariably arises from a want of distinct and familiar knowledge as to how you ought to behave under the particular circumstances in which you happen to be placed. A man who has never before dined in good society cannot even do such a simple thin^ as eat a fashionable dinner without feeling he is in continual danger of making himself ridiculous ; which he in- evitably succeeds in doing, because his sense of danger is in itself sufficient to make his behaviour absurd. How much less shall a man perform a declaration of love, an affair of honour, or the delicate breaking of a calamity, with any confidence, for the first time, if he has never even seen it properly done beforehand ? Of how much importance, then, is it that all human scenes should be properly worded in the drama, and delivered justly by typical specimens of complete and satisfactory humanity on the stage ? How fatal must it be to the development of national manner, which is the vehicle of human sympathies between man and man, if the language of the drama is so forced and stilted, and the bearing and utterance of the actor so wide of taste and nature, that the intelligent can learn nothing, and the stupid nothing but what would be better unlearnt ? To ennoble the stage is the easiest way of cultivating and refining the manners of the people. But how is the stage to be ennobled ? No great revolution can be effected by sudden jerks. It is no use to say, " Let it be decreed that actors shall henceforth be men of genius and education. Low buffoonery shall no longer be popular. DKAMATIC COLLEGE. 333 Dramatic writers stall no longer write plays adapted to employ the vulgar material which at present comes most easily to hand. They must construct high art dramas, peopled with nohle characters, which, no doubt, will be difficult to put on the stage for want of sufficient force of actors capable of sustaining serious and exalted parts. But the want of such actors making itself felt will attract competent persons into the profession," Every branch of industry, by an inevitable law, grows or declines to suit its market. That market, in the case of the drama, is the public taste. The public taste has for its groundwork and foundation the judgment and good sense of the people. It is, therefore, a step towards ennobling the stage to convince the popular mind that the stage wants ennobling. To show that there are serious uses and capabilities in the drama which depend for their eificacy on the careful selection and complete education of men who can hold a true mirror up to nature, instead of showing the tragedy and comedy of Ufe distorted like the human countenance reflected lengthwise and crosswise in a spoon. This conviction is growing, and, in proportion as it grows, more men, who are fit to instruct and lead their fellow-men in the development and communication of the smothered wealth of their humanity, will be found willing to enter the profession. The Dramatic College is a sign of the better time coming. It shows, at least, a disposition on the part of the public to acknowledge that their actors are wortli caring for. Perhaps it is not as well advised a plan as might have been thought of, to give it the eleemosynary character. Some func- tional appointment might have tended more to raise the dignity of the profession. Por instance, if it had been made a chapter of dramatic professors, of however limited a number to begin with, but respectably salaried and lodged. They might have been made eligible from actors and dramatic writers of a given age, who would be most competent to approve and educate dramatic pupils ; with chairs for elocution and dramatic literature, which the public might attend at a moderate fee. For such professorships actors of the highest accomplishment, education, and theoretical knowledge of the drama would, of course, be selected, and might profitably, honourably, and not over laboriously,' devote the evening of their lives to forming the taste of rising generations of dramatists, performers, and audience. To provide well-appointed, useful, and not inglorious exits from the stage is the truest way of inducing desirable entrances, and would tend to raise the profession perhaps even more than the absolute and direct result of their eff'orts in selectiag and training. It is not improbable that some well-organised scheme of this kind may ripen out of the present garm. There is nothiag so difficult as a beginning ; and to have attained to something with so suggestive a name as a Dramatic College, is a very promising feature in the yet undeveloped destiny of the British Drama. 324 THE BLIND LEADERS OP OUR "TIMES." Ouit Times cannot stand the Report of the Bank Acts Committee. It is too bad ; the weakest that ever appeared on the subject. There was a Report of the House of Commons' Committee, after the panic of 1847, which said what it could to excuse the Bill of 1844. Then the Eeport of the Lords' Committee condemned it. This was untoward : but differences of opinion between the houses will happen in our nicely-balanced constitution. " Not proven," said the Commons. " Not guilty," said the Lords, " but he had better not do it again." The bill was, therefore, left at liberty to perpe- trate its future evil deeds. Interest goes up and down, merchants watch the weather-cock, and speculate on the quantity of bullion which the James Baines will bring from Australia, and how much will go to the Bank. People are not quite easy in their minds about the bill — not entirely convinced that it propounds a " perfect system." And so we have in 1857 a " Select Committee appointed to inquire into the Opebation of the Bank Act of 1844, and of the Bank Acts for Ireland and Scotland of 1845." July finds the Committee with " the investigation of the subject referred to them still incomplete," and their Report is deferred to the ensuing session. But the Committee is in luck. In November occurs a monetary crisis ; the Bill of 1844 is again suspended. Was there ever so pleasant an arrangement ? The man falls down stairs, and breaks his leg while the doctor's brougham is standing at the door ! Well, the Select Committee is re-appointed, and it is further ordered : — " That it be an instruction to the Committee to inquire into the causes of the recent commercial distress, and to investigate how far it has been affected by the laws for regulating the issue of bank- notes payable on demand." In July, 1858, the Committee make their Eeport ; and on August 19, after due deliberation, our Times thus reports, touching the Eeport : — " The first year of the Committee's labours was given to the abstract theory of the currency, and witnesses of the highest attain- ments gave at great length an account of their respective views. The second year was employed in the examination of witnesses, who explained the causes of the commercial crisis. Upon these ample and rich materials the Committee had to report, and we naturally looked forward to that Eeport as a document of high historical and scientific importance, likely to form a land-mark in the science of political economy, by affording a luminous, condensed, and compre- THE BLIND LEADERS OF OUll "TIMES." 525 hensive view of all tliat can be urged on this abstruse and interesting subject." This, gentlemen of the Select Committee, "this was looked for at your hand, and this was balked." Listen to the sentence of the Court : — " We are obliged to confess that we have risen from a perusal of the Report with a feeling of no little disappointment. "We are well aware that it is always a difficult thing to pronounce dogmatically on the course which a Parliamentary Committee ought to adopt. There are many difficulties which never meet the eye of the public. There are parties to be conciliated, differences to be slurred over, support is to be bought by the omission of truth, or the insertion of something, which either is, or looks like, a heresy ; and it would be very hard, therefore, to apply to the chairman of a Parliamentary Committee the same austere canons of criticism that we may justly employ towards the maker of a speech, or the writer of a pamphlet. But still, when all due allowance is made, we are bound to say that, adopt any standard, liowever lenient, for judging of this performance, it will ie found to fall far short of it; indeed, we cannot imagine any reader so peculiarly constituted as to rise from the perusal of this report with a feeling at all approaching to satisfaction!" We never had any hope of this packed, prejudiced, pence-palliating Committee. Who would confide in the financial sagacity of Sir Gr. C. Lewis, the staunch self-abnegation of Mr. Disbaem, the practical lu- cidity of Mr. Gladstone, the sound judgment of Sir Chaeles Wood and Mr. Caedwell, the patriotism of Sir J. Gbaham and Mr. Wilson, the earnest convictions of Sir P. Baeing, the inflexibility of purpose of Mr. Gltn and Mr. Hanket, the consistency of Mr. The, or the profundity of Mr. Ball ? "Blessed are they who expect little, for they shall not be disappointed." But our contemporary "naturally looked forward to the Eeport as a document of high historical and scientific importance," " a land-maek in the science of political economy." And lo ! what should have been a land-mark is become a beacon to warn superficial and incompetent legislators from attempting to meddle with matters too high for them. But the hopeful and confiding Times has a good right to entertain "a feeling of no little disappointment" at the imbecility of his bul- lionist friends. " Was it," he plaintively inquires, " unreasonable to expect that they would tell us their opinion on the subjects brought before them ; whether they hold, with Lord Oveestone, entirely to the principle of the Act of 1844, or whether with Mr. Newmarch, Mr. J . S. Mill and Mr. Wilson, they consider the convertibility of the note a sufficient protection against over-issue ? " Are the Scotch and Irish banking systems to continue ? Should the act be suspended at the 326 THE BLIND LEADERS OF OUB " TIMES/ next panic by law, or by tbe Grovernment " at its own proper peril ? " Do we pay the Bank enough ? Ought we " to continue to pay the Bank interest on securities, the money advanced on which we enable it, by the issue of notes, to repay itself? " No solution is given in the Eeport to these inquiries, though every one of them is treated of in a " tantalising and disappointing method." There is not even a " clear and succinct analysis of the opinions of the principal witnesses, pointing out where they agree and differ, on what grounds that dif- ference rests, and what are the exact issues raised between them." This, says our Times, is requisite to the " advancement of the know- ledge of true principles," which may " prevent ignorance, the usual parent of panic." But no, they devote fifty-seven clauses to a very lengthy and not very important history of the business of the country from 1847 to 1857. The general principle of the act, and the Com- mittee's opinion with regard to the continuance of the measure, remain in obscurity. The Committee commit themselves to nothing. They abdicate their authority. They neither weigh the evidence, nor judge, nor decide. A Eeport so meagre, so superficial, so useless, so con- temptible, has rarely been promulgated, even by a House of Com- mons' Committee. The Committee then — the bullionist]organ being the judge — are blind leaders of the blind. Having thus poured contempt on the Bank Acts Committee and their Report, the Times returns, on the following day (August 20) to the consideration of the subject. Now, let us see what the Times has to give us in the way of instruction on the monetary question. The Times leader denounces the Heport, and very justly. It reminds the public that the knowledge of true principles " is necessary in order to prevent ignorance, the usual parent of panic." What has this self-constituted public instructor, therefore, to tell us ? The Times sneers at " the rather inflated extract from Lord Oteb- stone's evidence," given in the Eeport. Is the Times prepared to stand by the Overstone theory ? Will the Times continue to sup- port the self-condemned and broken-down Bank Charter Act of 1844 ? Or will the Times take refuge in the views of Mr. Nbwmaeoh, Mr. Mill, and Mr. Weouelin, " in the contrary direction ?" Will the Times throw overboard the Act of 1844, and stand, with the Tookites, by the Act of 1819 ? " If," says the Times, " the theory of the Act of 1844 is right, the act is right ; if the theory is wrong, the act is wrong." But the theory of the Act of 1844 is identical with that of the Act of 1819. The Act of 1814 is merely the " complement" of the Act of 1819, designed to carry out into efficient working the theory of the Act of 1819. The Times finds fault with the Eeport for not propounding a " general principle" of money. But it does THE BLIND LEADERS OP OUR "TIMES." 337 nothing but find fault. It propounds no remedy. It rejects, as we shall see, the only real remedy — the one which the consistent oppo- nents of both the Acts of 1819 and 1844 advocate. The Times can understand that something is wrong. It can perceive that the Com- mittee on Bank Acts are groping in the dark. But thick darkness obscures its own perception of the truth. It is still, as it has long been, " a blind leader of the blind," on monetary affairs. " Although," he says, " the Bank Committee shrunk, as we have said, from offering their opinion on the more important points in- volved in the order of reference, they have no objection to the hunt- ing down of small and easily detected fallacies ; and such small deer have no mercy to expect. Thus the Committee most successfully controvert the proposition that Q-overnment^a;es the price of gold, ' although the topic has not presented itself to their inquiry,' and shows triumphantly that a sovereign is nothing more than a piece of gold weighing nearly a quarter of an ounce, and verified at the Mint by a stamp." As this " small and easily detected fallacy" the fixed price of gold, involves an important principle, we will give the part of clause 59 to which the Times refers : — " 69. Another misconception has often perplexed those who have reasoned about the currency, — that of supposing that by Act of Parliament the price of gold is fixed. If it had so happened that our sovereign, instead of being nearly equal to i oz. troy of gold of standard fineness, had been exactly equal to that weight, it would probably have been obvious to all that the word sovereign simply meant a quarter of an ounce of standard gold, with the Queen's head stamped upon it by the Mint ; and the price of gold, as it is called, being thus exactly £4 an oz., anybody would have comprehended that the one was equivalent to the other. The use of the silver and copper coins as representatives or tokens of fractional parts of that gold, would probably have been intelligible, and this troublesome confusion would not have arisen. This topic has not much presented itself in the course of the present inquiry. But it is desirable that all persons who take an interest in this subject should understand how simple is the duty discharged by the Executive Government in relation to that money, viz., gold money, which alone is the standard of value in this country, so far as the transactions of our extended commerce are concerned. At the Mint a piece of standard gold, weighing 5 dwts. 3'274 grams troy, is verified by a stamp, and being then called a sovereign, is returned to its owner, and in this process no seignorage is charged." The Committee divided on this clause, and its entire rejection was 328 THE BLIND LEADERS OF OtlR " TIMES. supported by the real Currency Eeformers of tlie Committee, Mr. Spooneb. and Mr. Cayley. No real reform of our monetary system can take place till the principle of the evil effects o£ the fixed price of gold is fully understood. To make the thing simpler, we will adopt the supposition that a sovereign is exactly \ oz. of gold. A piece of gold, then, of a certain fineness is taken to the Mint and is stamped ; it is still what it was before, i.e., \ oz. of gold. But it is something more. That government stamp has conferred a moneyed denomination on it. It is now become a legal tender pound. A creditor could not be obliged to receive \ oz. of gold in discharge of a debt of one pound : he is obliged to receive a sovereign. "When Government stamps \ oz. of gold, and by that act makes it a pound, it fixes its price. And as a bullion merchant can always by taking a \ oz. of gold of certain fineness to the Mint get the G-overnment stamp affixed, which will enable him to discharge with the said \ oz. of gold a debt of one pound, the price of his commodity is thereby fixed. There was a time in this country when the price of gold was not fixed. From 1797 to 1819 Government sanctioned legal tender paper-money in which gold rose and fell according to the general law of supply and demand — as all commodities, gold among the number, ought to do. A quarter of an ounce of gold might then be worth more than a pound, and at times it was so. The conclusion is plain ; the price of gold was unfixed then, it is fixed now. We all know how fluctuating the moneyed denomination of gold has been. In 1352, 300 grains of gold bore the moneyed denomina- tion of a pound ; in 1466, 240 grains was called a pound ; in 1552, 174 grains ; in 1650, 140 grains ; in 1750, 129 grains ; and now 123 grains of gold are stamped as a pound. These alterations were just and reasonable ; for as the commerce of the world extended, and the quantity of other commodities largely increased, the purchasing power of gold increased. The same quantity of gold would command a greater portion of other commodities. In order, therefore, that the debtor or the tax-payer might not give more than was just, tbe weight of the legal tender pound was diminished. The bullionist party deny that Government ought to provide legal tender paper money receivable for taxes, in which paper gold (like any other commodity) might find its onarhet price. The currency reformers say that Government ought to do so. And they say, moreover, that from 1797 to 1819, when the Goverment did provide legal tender paper money, the purchasing poiver of the pound — which is the really important element of money — was subject to fewer and less violent fluctuations than at present, that the rate of interest was THE BLIND LEADERS OF OUR " TIMES." 329 more equable, and that periodical panics, witt all their attendant and disastrous evils, were unknown. The bullionist party in grasping at the shadow of stability in money matters have lost the substance. They have enacted that a pound shall always be exactly 123 grains of gold. The worbiug of their system has been this. After a panic or monetary crisis, when all commodities have been depreciated in moneyed value our merchants have been forced to export largely, and foreign nations have given up a little gold for a considerable portion of goods. Gold has then flowed into the country. This gold, stamped at the mint, or taken to the Bank for its more convenient paper representative, the bank-note, has accumulated. Money has then become very plentiful, and therefore the use or interest of it very low. Every kind of enterprise has been stimulated by cheap money, and the con- tinuance of this cheapness has caused enterprise to degenerate into speculation. Prices have risen. It has thus become profitable to withdraw our gold to purchase commodities in cheaper markets. The circulating paper medium being then necessarily withdrawn money becomes scarce, and the use or interest of it high. The scarcity and dearness of money both press upon the springs of produ.ctive industry, the price of all commodities declines, alarm extends, panic ensues, the convertibility of the note becomes a transparent fiction, and on the eve of a state of barter, the Act which causes all this evil is abrogated. Had we " inconvertible paper money to the amount of £20,000,000, which experience has proved to be necessary for our domestic circulation, it appears highly probable that the difierence between the paper pound and the gold pound would be so small, so fractional, that it would be merely a matter of accurate calculation with bullion merchants. As soon as any appearance of a rise in the price of bullion occurred, bullion imports would restore the equilibrium, and the national paper money and the sovereign would be at par. Bat supposing, from the enor- mous discoveries of gold for instance, the price of gold should decline throughout the world— for that is the tendency which monetary aflfairs are now taking— no evU would result. It would be long before any considerable depreciation of gold would take place. The national pound note might indeed become worth a sovereign, and a few pence more. As time wore on the depreciation of gold might increase. But the expanding commerce of the world would long absorb great quantities of the precious metal. Contracts of every kind would adjust themselves to the rise in prices. And freed from panics and monetary crises, this country would pursue without inter- ruption its path of commercial prosperity. 2 A 330 ADVENTURES IN SEARCH OP These are things which the bullionists and the writers of the Times leaders dream not of in their philosophy. Nevertheless, we have not only argument but facts on our side. Their system has proved a complete a failure. Whenever it is tried, Government dare not carry it out, and neither the Bank Acts Committee nor the Times can any longer invent plausible sophistries for its support. ADVENTURES IN SEABCH OP A COUNTRY RESIDENCE. Mohilitate viget is the tourist's motto. Had it not been for circum- stanoes I should have bought a pony, and ridden down through Calabria towards Sicily. But circumstances prevented me, and the weather at the end of July is sultry for travelling in the south of Italy. Where was I to go to till the weather was cooler ? Certainly not back to Naples, which had by this time baked out everybody ! The natural thing for an Englishman to do when he does not exactly know where to go, is to go home, as he would play trumps in any case of uncertainty at whist. But I made up my mind that, having got to Italy (which is certainly the prettiest country I have met with in my travels), as there was nothing imperative calling me home to shoot grouse and partridges, it would be better to leave my destiny to chance, and stay in Italy till I was tired of it. However, as our establishment in Capri was about to break up shortly, it was necessary to look about for some hole or corner, if pos- sible on a mountain-top, where I might escape being melted for a month or two till the weather began to cool a little. My friend had gone over to Naples to make arrangements for his departure to a distant capital, where he had received an appointment, so I took the opportunity to make a short excursion among the mountains of the mainland, to find some- where to settle. I embarked in a return boat for Sorrento, and had got a little more than half way when I met my friend in the middle of the sea. He had got a lift in the boat of a gay young Guardsman on leave, who was coming over to spend a day with us, and see Capri. We tossed up — heads, I should go on in my boat! — it was tails, and I returned in theirs. On the following evening, however, we, that is, the gay captain and myself, sailed back to Sorrento, where we drank tea with two celebrated ladies, who frightened us, simple young men by talking to us as if they had hid a short-hand reporter in the cupboard, to take down all they said — it was such a grand and stately, and precise, and printable an out- pouring of Johnsonian conversation. A COUNTRY RESIDENCE. 331 Next morning the captain had to go to Pompeii; and as I had not seen it, and did not care where I struck inland in search of a dwelling, place I agreed to go there with him; so we took a carriage and three to Castellamare, whence the railway conveyed us to the Pompeii station. Pompeii, painted up in large letters on an ordinary plastered and slated little station, like any of the hundreds of little stations you have seen on the branch lines of Great Britain, a few years ago would have seemed strange and incongruous. You would have felt that you ought to have been landed from your trireme and taken a hack biga on the shore, with an miriga swearing at his crop-maned steeds by Castor and Pollux in the purest Latin ; but railways and stations have now become so much a domesticated matter of course in every part of the world, that one would not feel the least surprised or shocked to hear a railway- porter, with G. and J. R. (Galilee and Judea Railway) in brass letters on his cap, cry "Nazareth or Bethlehem," and a little Hebrew boy screaming, " To-day's Jerusalem papers! " I have seen a tribe of American Indians moving towards their summer hunting-grounds — how do you think ? Tramping in picturesquely strag- gling file across the prairie? Not at all; half-a-ddzen third-class car- riages contained them all — and there they were, third-class passengers, sitting gravely in their red blankets, and paint and feathers, as if they felt no sort of impropriety in being ranged on orderly benches, and car- ried a part of their wild tramp on the back of this fizzing, fiery-eyed, panting dragon of civilisation. However, BuSalo is not Pompeii, nor is. Lake Erie much like the Bay of Naples. There is nothing to be seen from the railway that could make you suppose you were close to the remains of a disinterred city. Beyond the station and the station-master's little garden, with a weeping willow and a few orange trees, runs a high road parallel with the line. In the road , just opposite the station, is a square-faced and stuccoed building, across whose unwrinkled and unblushing forehead is written in very large letters Hotel de Diomede. Beyond the road, and behind the hotel, rises a very ordinary looking bank, about thirty feet high, topped with trees and shrubs, screening the brow of a higher level of flat land, and so, in fact, it would be if there were no excavations, for this is the edge of the grave-mound of Pompeii. Emerging upon the high road, and looking about to see where Pompeii may be, or how you are to get to it, you become, in course of circum- stances, the property of an ofiicial guide with a glazed hat and red collar, looking something between a sapper and miner, a postman and a police- ofiicer ; he takes us through a cutting in the bank, and we find ourselves in the midst of temples and altars, and glistening white statues, and lengths of richly chiselled marble cornices, lying at the feet of Corinthian columns. The sudden change from every-day life to the 332 ADVENTURES IN SEARCH OF sepulchral silence and solitude of the unburied city was more striking than any other more appropriate and harmonious approach could have been. These ruins, too, are not like the ruins with which we have been glutted all through Italy — edifices which, standing wide awake above ground, have seen the centuries wear away, and have grown more than half modern themselves in the company of successive generations ; new houses have not sprung up beside them ; they have not been pillaged and disfigured by additions and subtractions of tasteless Popes or hungry nephews. Kestless Vesuvius, with his flame-red cap of liberty, with his lava torrents and fiery hail of sudden destruction, has proved more con- servative than the grey old leveller Time, who, out of constant change, keeps producing uniformity. Here we have a city potted and preserved in dust and ashes, swept out and garnished again for the benefit of antiquarians after two thousand years. There is a prevalent impression that Pompeii is under ground still, and that it is a torch and catacomb business to see it. This I believe is the case with Herculaneum, which though in ordinary mention it is only divided from Pompeii by the copulative conjunction, stands in reality ten or twelve miles off, with the whole bulk of Vesuvius between them. Pompeii was never covered much above the tops of the houses, and all the ashes and soil which hid it have been swept away, so that it lies open, like any other city, to the light of day. Through long vistas of strange-looking streets, silent and solitary in the strong glare of noon, you catch glimpses of light grey mountain tops above strips of hazy plain and shining sea, all clothed in a watered tissue of swimming heat. A town of unfamiliar architecture, looking almost habitable, yet utterly unpeopled, under the mid-day sun, has a sort of mysterious dream-like influence on the imagination, which is strengthened rather than dispelled when every here and there we enter beautiful fountained courts, paved with tesselated marble in brilliant patterns, and surrounded with quaint frescoes of unfaded hues, and chambers that seemed freshly decorated. It is all so lonely and desolate in its untenanted splendour, and yet so little touched by the long centuries since it was a living and breathing household, that it seems uncertain whether we have not been whipped up by some magician, regardless of chronology, and carried back two thousand years into the past. So that we almost expect a stately Eoman senator, in a flowing toga, with a broad blue clavus, to come sweeping along the corridor and call a brawny .Ethiopian janitor to send us about our business. Hark, there is a step within 1 it approaches — is it Publius or Quintilius ? No, it is that red-collared, glazed-hatted, dream-breaker, the guide, who has been to open a specially locked door to show us an indecent picture in Publius's or Quintilius's bed-room. We saw, also, theatres tragic and comic, and the amphitheatre, above A COUNTRY RESIDENCE, 333 whose curving seat-rims purple Vesuvius rises into view, as no doubt it did when Arbaces, the high-priest of Isis, took advantage of the first eruptive symptoms of the feverish mountain to divert the attention of the audience from their disposition to have him eaten by the lions. The lions' den yawns dark and dismal; its ragged jaws of crumbling masonry delicately fringed with sunlit maidenhair. The tomb of the gladiators, outside the bloody ring in which they fell, is shaded by peaceful olives. Sepulchres, which were so before the whole city became a tomb itself, sire doubly solemn now. We left Pompeii appropriately by the Street of Tombs — all lined with ghostly monuments of white marble- — ^onoe the principal entrance of Pompeii, past which all the gay parties from Par- thenope came trundling in their chariots to make a villeggiatura at the fashionable watering-place. But what was the long array of ghostly sepulchres to them ? they did not think of dying a bit more than we do now. They were in a hurry to order dinner — crick-crack went the auriga's whip, and they have trundled by into eternity to digest their meal at leisure. " I stood within the city disinterred, And heard the autumnal leaves like light footfalls Of spirits passing through the streets, and heard The mountain's slumberous voice at intervals Thrill through those roofless halls ; through white columns glowed The isle-sustaining ocean-flood, A plain of light between two heavens of azure; Around me gleamed many a bright sepulchre Of whose pure beauty. Time, as if his pleasure Were to spare Death, had never made erasure, But every living lineament was clear As in the sculptor's thought; and there The wreaths of stony myrtle, ivy, and pine, Like winter leaves o'ergrown with moulded snow, Seemed only not to move and grow. Because the crystal silence of the air Weighed on their life." Shelley. We began, in the course of nature, after wandering a few hours in this hot and empty city, to grow hungry and thirsty, so we adjourned from the vast vaulted quadrangular cellars of Diomed the noli to the Hotel de Diomede. We commanded Diomed of the hotel to give us a bottle of Lachrimse Christi Mousseux and some figs and biscuits, also begRinff him to inform us when the train stopped. We were so near that there seemed no chance of its being able to get away again too quickly for us, and, I dare say, we were right; but as no one m the tram 334 ADVENTURES IN SEARCH OF wanted to see Pompeii, and as we had not taken our tickets, the train never stopped at all, and we heard it go by with a snort and whistle. So we sat and talked about London society under the weeping willow, in the station-master's garden, and smoked, and took a nap on the sponda of the waiting room ; and the next train carried off the captain to Naples, leaving me to prosecute my investigations of the interior as I might find opportunity. It was about five in the evening as I left the station and turned to the right along the high road which seemed to tend inland. The way was dusty, and the sun was hottish on my back ; but I trudged along cheer- fully, being drawn by a pleasant uncertainty as to where I might be going to, further than that I was going inland, and might expect to be among the mountains to-morrow. I had not gone very far, though far enough to wear the edge of pedes- trian enthusiasm off my feet, in despite of the protection of a pair of very tight thin French boots, when I heard a plunging clatter of galloping horses, and rattling of wheels behind me. I turned round, and had only just time to get out of the way when a corricolo shot by me at full gallop. Everybody has at least seen a corricolo in pictures, and will remember that it is a very high-wheeled, spiderly, loose-hung cabriolet, with or without a hood, with a very large foot-board behind, and a rope-net swung below. It is capable of holding two people comfortably in the seat, and two can stand on the foot-board, while another, if he does not mind the dust, can swing in the net between the wheel, and behind the horses' heels, so that he is sure to get plenty of it. These calculations, with respect to a corrieolo^s capabilities, would apply to the number of men of other nations it could carry. But of Neapolitans, a dozen men and women and half-a-dozen children are about the average cargo. How they manage to pack themselves is not known ; but the phenomenon is apparent, and drives about merrily with a ton or two of human bodies to one poor scarecrow of a horse, a dense crop of heads, like oranges on an orange-tree, sticking out in every direction. The corricolo, however, which dashed furiously by me, had only two men in it ; so I called out lustily, and made signs for them to stop and take me up. They answered something which was lost in the rushing air, and as their speed did not diminish, I gave up all hopes of them, and began to calculate the chances of another corricolo coming by. Con- trary to my expectation, they pulled up about a hundred and fifty yards beyond me. So I had time to come up and bargain for four pen'worth of lift along the road. " Ecoellenza si!" says the corrihhelero, making place forme, and getting up on the foot-board behind, " how far does your Excellency wish to go?" A COUNTRY RESIDENCE, 335 " Quanto tu ti fidi pe nu cuarin (as far as you trust yourself for a carline)." " But where to?" " Oh, anywhere. I am moving about to see the country." So away we went at full gallop again. The driver had, rather imprudently as it seemed to me, confided the reins and whip to my companion in the front seat, who, as I shortly discovered on my entering into conver- sation with him, was a sea-faring man rather the worse for liquor, and in a hurry to get home before nightfall. He drove after the manner of Jehu, and the horse, who was young and inexperienced, put down his head and tore along, evidently under the impression that he was running away. The vehicle, on the other hand, was very old and decrepit in its wheels and springs. The motion which resulted from these discordant elements much resembled that of the car of a foundered balloon drawn along rough ground by a violent hurricane, and could not be recommended as a means of comfortable locomotion. Meanwhile, we were rapidly advancing deeper and deeper into the valley which lies between Vesuvius and the mountain range behind Castellamare. The valley narrowed as we advanced. The sunset slanted over imminent crag-horns to the right, and struck upon castled spurs of the range which curved away behind Vesuvius to the left. Darkness came on as we passed the long, arched, and colonnaded street of La Cava, towards which place the road had gradually risen, so as to keep me in hopes that we should shortly get fairly among the mountains. But destiny and geography had ordered otherwise. I had gone about fifteen miles at right angles to the coast-line near Pompeii, in the hope of penetrating inland ; but here, at La Cava, there was a treacherous ravine which let the road through the mountain range to the right, and two miles further on, at Vietri, I found myself on the sea- coast again, having merely cut across a long narrow promontory between the Bay of Naples and the Gulf of Salerno. It was now past nine o'clock, so I let my sea-faring man find me a bed in a private family whom he took an interest in serving ; though he professed to do it all from a disinterested affection for me. I allowed myself thus to be uncomfortably made a job of, instead of going to the inn, that I might see what sort of place he would take me to, and whether any adventure would come of it. It was dark as pitch, and he plunged me in a labyrinth of stair- case alleys dimly lighted here and there from the pigeon-hole windows of the few remaining inhabitants who had not gone to bed. There was nobody moving out of doors, and the darkness and desolation of the labyrinth was not rendered more pleasant by that fooUsh instinct which a detached straggler always feels more or less in a strange place. 336 ADVENTURES IN SEARCH OF that he may be knocked on the head and robbed without anybody making inquiries about him. Moreover, my companion was a rogue, who might probably be much worse even than three or four hours' conversation with him in his cups had already made me aware. I consoled and encouraged myself with these reflections while he was leading me deeper and deeper into the maze. " If this dog meant to rob me at large, he would not have taken so much pains to cheat me out of a shilling on the fare of the second corricolo which we took together after my first lift of seven or eight miles expired : besides which, I have a pistol and a knife, and am more than a match for him with my fists : therefore it is absurd to be afraid — besides, nobody ever is robbed except in novels and mendacious volumes of the vapid tourist, who hopes the reviewers will say that his book ' teems with incident.' " At last we reached the house, a most crooked and rickety edifice, which seemed as if, after being worn threadbare, they had attempted to turn it inside out, like an old coat, and succeeded indiiFerently from the unpliability of the material. It was all angles and corners, with broken joist-ends sticking out of ragged places in the stucco, while in and out among the inequalities of the crankled surface wound a zigzag staircase. It looked just the sort of house for a horrible murder ; however, we went up the stairs to a high storey, and entered a large, dark, poor- looking apartment, dimly lit by one little earthenware cresset, by the light of which eight or ten squalid-looking women were spinning. On its being announced that I was come to lodge for the night, there was a great clatter of tongues, and some mysterious whisperings. I was taken to see a room adjoining, on getting into which, my companion, who held the solitarj' little lamp and was making a pretence of trimming it, suddenly caused it to go out. The thiefly and murderous feeling came back strongly upon me ; but I said nothing, and held my knife ready to slash about vigorously in the dark if anybody rushed out upon me. Nobody came, and I considered that even a drunken malefactor would have sense enough not to commit murder with near a dozen accomplices, all possessing female tongues. In fine, I was not robbed nor murdered ; the sea-faring man went out and foraged for supper, and brought back wine, bread and cheese, salad, and anchovies, which, after refusing at least half a dozen times, he con- sented to help to dispatch. I slept in a very large bed, and was not so much eaten by vermin as might have been expected. Next morning, about six o'clock, I was moving again. But where should I go? My attempt to penetrate inland had signally failed. Here I was, on the margin of the Bay of Salerno, only a mile from that city. Should I go there? It was just in the opposite direction from Capri, to which my purse-strings, as well as heart-strings, were beginning to draw me back. It was not a very striking city — clean, flattish, bricky and A COUNTRY RESIDENCE. 337 white-washy, and yellow-washy, with broad quays in front and moun- tains behind, two horns of which, rising one above the other, were pointed with a castle and a tower. Besides, I was not in search of cities, but a quiet mountain village; so I resolved to turn homewards, and explore the rock-bound coast of the promontory which stretches out towards Capri. The new road to Amalfi, which has been thirty or forty years in process of construction, was lately opened. It crosses the deep ravine at Vietri, and winds along the uneven face of the precipitous bay-notched coast, generally at a height of four or five hundred feet above the foam- wreathed watermark it overhangs. The Gulf of Salerno, which we are now skirting, is much grander in its proportions and bolder in its coasts than the Bay of Naples : and it would be altogether more beautiful if it only had an Ischia and a Capri in its offing. Should the untravelled reader take a look at the map, he will see it must be fifty or sixt)' miles wide; and, judging by flat and misty England, he will be inclined to think that the headlands must be out sight of each other, but he has to take into account the gigantic scale and transparent atmosphere of Italian scenery. The only level portion of its shores is the plain of Psestum, which, though nearly thirty miles long, is not very broad, and immediately backed up by the boldest and most picturesque mountain masses. Meanwhile, it was about half-past six in the morning, and I was about a mile and a half on my way to Amalfi, when a eorricolo came trundling by. Not this time driven by an inebriated mariner, but a respectable- looking family man in decent attire, with the little round red patch of urban service in his cap. He had also a fat little wife in a purple silk dress, looking as plump and shiny as a ripe olive. The footboard behind was only occupied by a weaselly little boy, who seemed to be his son. It was evidently a private vehicle, and though it would have been very convenient to me to get a lift, my modesty stood in my way, and did not venture to make an offer. When it had fairly disappeared behind the corner of a crag, however, I began greatly to regret my forbearance. " Who among your nume- rous friends,"! cried, addressing myself, " gives you credit for the slightest particle of that inconvenient virtue you have just been making such a sacrifice to ? You could but have got a disagreeable answer, and you might have- got a lift of ten miles. This man is, at best, only a small shopkeeper, in his feast-day clothes, who has hired a eorricolo for the day : and if he were a Neapolitan duke, there is no saying what he might do for fourpence." , ^ j With these reflections I turned the corner of the crag, and found that the eorricolo had drawn up in the shadow of the great rock to refit and arrange its balance. I now at once took off my hat, and with the 338 ADVENTURES IN SEARCH OF most scrupulous politeness I was master of, opened the negotiation. He hesitated a moment, and I thought he was going to refuse ; but he was only in doubt where to put me : " If I did not object to go ou the foot- board?" "Ami ! the footboard was the height of my ambition ; " so away we went at a respectable family pace, passing over the heads of little fishing villages, which nestled in coves at the mountain's feet; and beneath, other little villages, perched not far from the sky on the mountain- shoulders above, for the whole coast is sprinkled with villages. As we went along, the scenery became more and more striking ; and at last, we turned down into the Bay of Majuri, where the coast- line is broken by a valley and a beach, beyond which vines and olives clothed the next headland. Above its garden-terraced steep, sprinkled with picturesque dwellings, uprose a scarped wall of sheer precipice, supporting what seemed a city, with great buildings and tall towers, on its airy platform, fifteen hundred feet above the level of the sea. I was so much struck that I deserted my corricolo to set about investigating the neighbourhood at leisure. But before proceeding to business, as I felt a little dusty after my hour and a half on the footboard, and as I had not had the means of very satisfactory ablution in my night's lodging, I undressed under the shadow of a fishing-boat drawn up on the beach, and lay for some time tossing and tumbling on the clear rolling billows. While I was disporting myself after this manner in the margin of the briny deep, I was marked by a prowling osprey from the village above, who, no doubt, doomed me to become his prey. This vulturous marauder was no other than a hungering lacquai de place, sadly out of employment now the year had got into the hot summer months. He came down to the beach and hailed me as I was floating on my back : I turned over with a splash, and, seeing a man standing near my heap of clothes, cried out in great wrath, " Get thee gone, thief! at least quit thyself from a-top of my clothes!" " Shlenza si — yes, your excellency — would your excellency like to see the ruins of Ravello? I am the guide, at your service." " I want no ruins, but a house to live in. Do you know any houses that you think, by the look of my clothes, would suit me? I want a cottage with two or three rooms, in a picturesque garden — no larger or gardenless house will do. I am an artist, and not rich; You want to make what you can of me, and will take me about looking at places which you know are out of the question : therefore consider my terms, and accept them if you like. If you show me a house which suits me, I will give you twopence. If you lead me about and I find nothing that suits me, I will give you nothing but a parting kick in whatever part of your body you may think most adapted to receive it." A COUNTRY RESIDENCE. 339 " Hccellenza si /" On the strength of this provisional twopence, we searched Majuri in vam; there were hardly any vacant houses, and those were entirely un- suitable. Almost in despair of his twopence, he now returned to the charge with the ruins of Kavello. "There were not only ruins, but houses. The whole city was depopulated, it had been very great once. mere were great palaces, with marble staircases and frescoed saloons standing empty." " I don't want palaces, but a cottage in a garden!" II Eccellmza si. There were cottages in gardens, too, by the dozen!" " But it seems at least fifteen hundred feet to climb, and the day is hot. If I go up, and I do not find what I want, I shall give you more kicks, and less halfpence." "Eccellenza si, sicuro .'—the distance is a mere nothing: we shall be up in a picoola mezzorella" (little half hour-let). The distance was, however, full two miles, and the road like a bed of a precipitous moun- tain torrent, which, with an Italian July sun on one's back, required some patience. The greater part of the road was composed of the broken, time-worn, and dismantled remains of what seemed once to have been steps. Towards the top it was arched over in places with ruinous buildings, and once or twice it passed through what seemed to have been chapels, with columns standing and lying about. Eavello, which was once a city of palaces, is now a village of ruins. Gaunt, sepulchral edifices, that stand staring at one another, arching their Saracenic window-brows, and shrugging their dilapidated shoulders, as if they were observing to one another what a very wretched plight they were in, and that they really could not help it. Vast doorways supported by columns growing out of couchant lions' backs, and wreathed above with richly carved blazonries and heraldic mantlings, all in the glittering full dress of imperishable marble, contrasted with the crumbling stone and stucco of the walls. Grass grew in the silent streets, which seemed almost as dead as Pompeii, and in a more advanced state of decay, from not having been decently buried. At first I thought there were no inhabitants at all, for we had pierced into the midst of the city without meeting a soul. Becoming a little anxious about the lodgings I was in search of, I turned to my guide, — " Do you take me for an owl or a pigeon that you expect me to live in a place like this ?" " Gnor, no ! we are approaching the house where your excellency may take apartments." After a little while he stopped below a high window, in a tenement that seemed no better than its neighbours, and called the name of Cecilia. A desolate, half-dressed female, in a very ruinous shift and petticoat, appeared at the window, and seemed so greatly astonished that anybody should think of taking apartments in 340 ADVENTURES IN SEAKCH OF her palace, that it was some time before she could be persuaded to come down and open the door. How we got to the apartments I do not exactly remember, but after some more or less dangerous clambering, we passed over a cracked roof, and came to a doorless doorway. This led to a suite of three or four rooms, whose floors were mounded here and there with heaps of rubble and bits of dry mortar, which seemed to have fallen bodily from the ceiling. There were plenty of windows ; and a shutter or two, hanging diagonally from one hinge, composed the whole furniture. The last room was abruptly broken off in the middle, where that end of the establishment had fallen away. I did not inquire the rent, but con- tinued my investigations in the rest of the city with about similar success. From some of the housetops there were exceedingly picturesque views of the two deep ravines (betweeri which llavello stands on a strip of rock) and the surrounding mountains, scattered with convents and villages to a wonderful height, varied on the other side by the bold and ragged coast-line of which this headland forms a part, with the blue hills of Calabria far away across the gulf. When my patience was worn out, and I was about to descend, we came to a church, whose door I was surprised to find open. " Is service ever performed in it ?" I inquired. " Eccellenza si, that is the cathedral where there is the celebrated pulpit that all the foreigners come to see." We entered. The church was not ruinous inside, and near the centre of it stood the celebrated pulpit, about the size of the mail carriage in a Great Western train. It is a magnificent fabric of white marble, richly sculptured, and in- laid in all the intagliated surfaces with the most brilliant tarkeelhes — if that be the proper term for the glittering mosaics of blue and red, and white and gold, which adorn the Alhambra. The main part of it is an oblong gallery, supported on columns, in whose spiral grooves the inlaying has a peculiarly beautiful effect. These columns grow out of the backs of as many white marble lions, who do not seem at all troubled by their burden, unlike their broken-legged brethren in the baptistry at Pisa, who have had to be propped up under their bellies. The further end of the pulpit is solid, and contains the staircase for the preacher to go up. He must be a bold orator who shall hope to frame sermons fit to come from stones like these. An inscription in Gothic characters records in rhymed hexameters that Nicolas Rufolo presented this offer- ing to the Virgin in the year 1226. It is not easy to guess what it cost them, but a British architect has since informed me, that he thought a similar construction might perhaps be set up in England for three or four thousand pounds. This will give some little idea of the wealth and liberality of the nobles who once lived in these broken and crumb- ling palaces. A COUNTRY RESIDENCE. 341 The home of the Rufolos, a vast and beautiful ruin, on which time and the bad taste of its successive occupants had almost done their uttermost, had been snatched from the brink of final destruction by an English gentleman, who, in the midst of what seemed irretrievable ruin, has made a delightful and luxurious habitation. He iron-bound toppling Saracenic towers, which had split down to the foundation, and had been given up by the best doctors as beyond the help of masonry, and trussed up the bursting groins of overladen vaults beneath. He spread flower- gardens amid mouldering arch and sky-pierced dome ; for the palace, which was one of immense extent, has shrunk away from its former limits. An Arabesque wrought-iron gate guards the lofty dome-arch of the entrance-tower. About sixty yards of broad, straight road brings you to a smaller arch, marble-columned, and guarded by two couchant lions, holding in their mouths two quaint old marble scutcheons. Through this arch you enter a square cloistered court, lined with rows of twin columns of white marble. Within the columns the court falls away to a great depth, and looking down you see that the cloister is in fact a gallery supported on larger columns below. Passing through the cloister you emerge upon a sort of area. To the left is the great tower, about two hundred feet in height, accessible by a cleverly engineered, but very terrible little wooden staircase. To the right is the habitable part of the palace, pierced with a passage to the picturesquely-columned vaults filled with flourishing exotic plants, which open on to a lawn adorned by flower-beds and marble fragments. The interior of the house is most comfortable, and the luxurious modern furniture, and light decora- tion inside, contrast pleasantly with the stern and solemn grandeur of the grey towers and venerable cloisters we have left behind. A long suite of handsome apartments all look out upon the beautiful Gulf of Salerno. The front line of the palace is continued by a long pergola terrace commanding the same view, and trelliced over with vines. The steep brow falls away in successive flights of hanging gardens. Here was a place that would have done very well, but unfortunately it was not exactly available. Emerging from the beau ideal upon practical life in the streets of Kavello, we lit upon a wine-shop. We did not trouble the lean and hungry-looking publican with inquiries as to where he could possibly expect to find drinkers, but asked him for a house in a garden. To our great surprise he had one down in the vineyard slopes behind his establishment in the street. We went down, and found it standing up to its waist in vines and fig- trees on the verge of a deep ravine, dividing Kavello from Scala, through which gleamed a strip of sun-lit sea, the headland of the gorge being set off by two ruined towers. The cottage was not so ruinous as might have been expected. I bargained for the rent, with a fig and grape right ad libitum, and told him to furbish up and whitewash. 34)2 ltzzy's locket. I now parted with my guide, and descending through the picturesque ravine plunged into the staircase alleys of Atrani ; thence it was only a step round the corner of a great rock to Amalfi. The ancient city of the discovered Pandects disappointed me, being, as far as the city was concerned, nothing remarkable. The crags of the coast are as picturesque here as elsewhere, and Amalfi sits round a little bay at the foot of them, a dirty little town, with a picturesque valley behind. Here I took a boat, and, skirting along below the gigantic crags of the promontory, passed the little town of Positano, the rocks of the Sirens, the point of Campanella, and, late at night, got home to Capri. A week or so afterwards I took possession of the cottage in the vine- yard, where I wrote this paper, ate a great many figs, and a few sourish grapes, for the vintage was bad, as it has been, and is likely to be, for some years. LIZZY'S LOCKET, ENGRAVED WITH THE "WORDS AH! WHOSE? I. Sweet Liz! behold Your locket — made Of guinea gold My hair to hold ! Till love shall fade And your heart grow cold, Let it hold my hair As long as you care For me as you cared of old ; And if any one dare Be so overbold As to ask wJwse hair At your chain you wear ? Why! then you may bid Him just look at the lid Where 'tis graven in letters of gold- And the lid will tell him whose, Ah! whose? And yet no great secret be told. Lizzy's locket. 343 II. But when your heart grows cold, And your- love for me shall fade — And you care for the locket because it is made Of excellent guinea gold, Far more than you care For the look of my hair. Which once in absence your heart consoled — Which you kissed now and then. And would, kissing, declare, That its giver was dearest to you among men — Since we all have our day. Mine will end by and by ! When you throw it away With a sneer or a sigh ; When you sweep it away With the dust on the floor — " I loved him a little ! " Perhaps you will say — " Hearts are tough 1 Love is brittle ! I love him no more 1 " When my hair is displaced By the hair of another. Who my love has displaced, Who my memory shall smother — When the new lock is hid, As you snap down the lid. It shall take you to task And accuse ! With my voice it shall ask, In my voice as of old, With a sorrowful tone, In its letters of gold, Crying, " Whose?" Ah ! WHOSE ? Whose hair is it now ? My own ! III. And when we both are laid Deep in the dismal tomb : When the dust whence we were made Is to Earth again repaid, And betrayer or betrayed Wrapped in Death's drowsy shade, 344 Lizzy's locket. We have ceased to fret and fume. When sad memories sleep Buried deep In the mould — When our eyes have ceased to weep And our lips are blue and cold ; When our hearts no longer beat Underneath the winding-sheet Eound us rolled. Then — some maiden young and fair Shall this golden locket wear, Coiling up her lover's hair In the gold. She will ask him with a kiss, " What old-fashioned thing is this ?" And be told — " Though the fashion be so old It is made of guinea gold As the jeweller who sold Did declare. Xt will do to hold my hair. Bound your pretty neck to wear — Eound your neck so snowy fair, Sweet, my own!" And that maiden fair shall say. In a melancholy tone, " He who gave and she who wore. Where are they?" He shall answer — "Where, indeed! They of lockets have no need Any more — Dead and gone! Put it on!" She will put it on, " Alas, How the generations pass Like a shadow on the grass " — She shall cry — "Ah! whose was it once, I wonder? Shall not we be torn assunder You and I?" Pearly tears her eyes suffuse. And her love shall kiss them dry. He shall answer with a sigh, " A mere echo makes reply. Lizzy's locket. 345 On the lid is graven, ' Wfiose ? An ! WHOSE ?' It will do as well for us As for those, By and by. After we have perished thus. And our story they discuss Or imply As they choose, Crying, ' Whose, Ah, whose?' With a sentimental fuss. Their silly little darlings to amuse." IV. But that maiden shall loolc down Anxious-browed ; And the heaven of her eyes, A slight shadow of a frown Shall disguise For awhile. Like a misty morning cloud Ere the morning sun arise, Till the sunshine, breaking through, Lights again their deep soft blue With a smile Ere she speak; And the dew Glistening lies On her cheek Jewelled new. " Ah 1" she sighs, " Speak not lightly nor in jest Of things dear. As the heartless people do, Ohl my own." In my ear. In my mind. In my breast, Love, from you, Such a tone Jars unkind And untrue. Will you mock at love because Lovers die?" 2 B 346 A LETTER ON POLITICAL BESPONSIBIHTY, « Nay, not I." To his lips her hand he draws, Here on earth Love is a child Full of mirth and mischief wild. Full of childhood's freaks and flaws. In the tomb Love does but pause Like a flower in folded bloom That the spring-tide shall restore. There, on high. Love doth reign And remain, Giving laws To the sky Evermore. A LETTER ON POLITICAL RESPONSIBILITY, ADDRESSED TO MRS. BULL. Mt deae Madam,' — From the breaking of a plate in the back kitchen to the most fatal blunders in the government of empires, throughout all the misadventures to which mundane things are liable from the carelessness, incompetence, and dishonesty of human beings, you will always find on inquiry that nobody was, is, or by any possibility can be to blame. Ton may point indignantly to the sherds of crockery on the floor, and follow up the startling axiom that " things don't break of them- selves," by the searching question, " who broke it, then ? " But what forwarder are you ? The page boy will take up his parable, and declare, " Pleas 'um, Martha kitchen-maid done it ! " But Martha kitchen-maid will have most qualifying evidence that " Tummus is a deceitful b'y, and she wonders at his ign'rance to utter such a wilful story — which cook knows it was Tummus come be'ind me while I was a wipin' of it, and jogs my helber wilful ; which. Mum, Tummus he is full of such ignorant beayver." Cook and footman, housemaid, butler, and housekeeper have" something to say to it." Till at last the broken crockery is covered in a heap of other household grie- vances which come out incidentally, like umbrella-menders, in stormy weather. Now, my dear Mrs. Bull, I know the legitimate influence you pos- sess with your worthy husband, cousin John ; and between us, I think you know it also. It is true that you have at times complained to ADDRESSED TO MES. BULL. 347 me that he is " a self-wiUed, testy, wrong-headed old gentleman, who never knows how to take advice from those who could, perhaps, give It if they were consulted a little more," placing me in the most embarrassing position, by the way ; for it would be obviously fatal to our friendly relations ever to have acquiesced in such views, while it was impolite to contradict them. On such occasions, therefore, I have uniformly held my peace, shfiken my head gently, and attempted by the play of my countenance toexpress a bland, sympathising protest against any such inconsiderate and transitory expressions of opinion. ^ However, as the present posture of Mr. Bull's gigantic complica- tion of affairs seems to me to be what our French neighbours characterise as "grave; " and as I (a junior branch, however humble) have a heartfelt interest in the welfare and honour of the head of the house — being convinced, moreover, that you, by that persuasive feminine tact and practical cogency of argument peculiarly belonging to the British matron, have the art of making my honoured relative see reason when no one else can — I have ventured to put a few suggestions on paper for your consideration. To say the truth, I am tired of telling my honoured relative. He pooh-poohs everything, and says when I am his age it will be time for me to have an opinion on matters of business ; and that young fellows always think they know. He once thought he knew himself when he was a young fellow. He came into his property long before he knew what he was about, and has been suffering both in his pocket and in his constitution ever since for the mistakes he made, as a young fellow, under the impression that he knew ! The consequence is, that he has got into a chronic habit of grumbling, and never takes any steps to get his affairs into order, for fear of making them worse. I need scarcely remind you (whose firm and gentle sway rules the female portion of your establishment so admirably), that there is no worse system with dependents than to be at once captious and irre- solute. If you wish to be ill served, the most certain means of obtaining that result is to avoid giving distinct and decisive orders : to be always snarling in a querulous semitone, yet never to speak out audibly and roundly when any serious misdemeanour really deserves a reprimand. I fear this is only too faithful a sketch of my cousin John's method ; which, accordingly, has brought his affairs into a pandemonium of reckless waste, confusion, and malversation, alike trying to his temper, disastrous to his estate, and derogatory to that proud position his ancestry have from time immemorial held among their neighbours. In the first place, the agents, stewards, and overseers of his various estates, when they have any business in hand, never thiuk of con- sulting their master ; for they have made up their minds he is so 348 A LETTER ON POLITICAL RESPONSIU ILITY, slow and uucerfcaiu in forming- an opinion for himself, it is no use asking him. They allow themselves, therefore, to be mainly guided by a parcel of noisy, ill-conditioned fellows in the servants' hall, which has never been a place where a decent servant-like fellow could lead a quiet life, since Mr. Bull was ill-advised enough to import an unruly gang of bog-trotting footmen from his Irish property. The scenes that take place in that servants' hall are said to exceed belief. Mr. Bull's most private affairs, and the secret correspondence of his most confidential agents, are openly discussed and censured by a pack of upstarts and swindlers, most of whom he had not the slightest hand in taking into his service at all : who have managed to get a sort of recommendation to him from some of his outlying tenants, whom these miscreants bribed or bullied against their will. These sturdy knaves having forced their way into a gentleman's house, spill the beer, fling the victuals about, and play the devil's tattoo on the table, as if every thing belonged to them. The noisier and more ill-natured these rogues are, the better they are treated by the steward, who, strangely enough, seems afraid of them, though he does not appear to care a button for their master. The incon- sistency of this fear is the more remarkable, because the worst threat they can use is, that they will wake Mr. Bull, who is usually asleep in his gouty chair when these discussions are going on, " and won't be kick up a pretty bobbery, if we stir him up, and tell him all about it!" Those who are most vociferous in their threats are bought off with fat cuts out of the joints, which, as no man can eat more than he can, they pack off to some of the hungry fellows who, on this under- standing, gave them their recommendation. And if this sort of indulgence is not enough to stop their mouths, they are served with a slice or two of the white loaf, and a plate of fish at the upper servants' table, in the steward's room, " to their own cheek," as it is appropriately termed. However, the men who shove themselves into the steward's room in this way, by making themselves troublesome, are usually kicked out again, on one pretence or another, nearly as soon as they deserve. For it is pretty well understood, that nobody shall be comfortable there, except sons and nephews of old servants. And the way these favoured individuals hang by one another, and tell all sorts of lies to save each other from being found out, is very near as revolting to all decency, and, perhaps, more fatal to Mr. Bull's affairs, than the blackguard rows and obstreporous profligacy of the servants' hall. It never seems to have occurred to their minds at all, that they have their wages paid them for service which their master requires, ADDRESSED TO IFRS. BULL. 349 and which he only pays for, because it is worth the money to hare the work efficiently done. Nor do they make any attempt to select from among his tenants young men of mark and likelihood, according to their gifts, rewarding, promoting, reprimanding, and cashiering, according to subsequent conduct, till the best men get shaken into the most important employments. Their universal axiom is that all service is for the benefit of the servant. If anything goes wrong, which, under such a system cannot fail to happen very frequently, they carefully hush it up, saying (which is true enough) that it is painful to a servant's feelings to have his conduct criticised. But they never think of the feelings of a master when he finds well-paid work shamefully mismanaged. This tenderness towards a servant's feelings is also made a reason for not promoting a capable man over the head of an incapable one, because it is painful to be passed over. I would have all this altered, for it lies at the root of all Mr. Bull's embarrassments. I would have him devote more attention to the conduct of his principal agents, aad not fidget himself with trifling details. I would have him begin, by announcing to them that he is about to look into his aifairs. Let him call them into his study, and make them a little speech, which it will be well if you make him learn well off' by heart overnight : something to this effect : — " Gentlemen, I believe you find my service an honourable and profitable one. If you wish to continue in it, you must consent to accept some little weight of responsibility in return for the honour and profit. I give good wages, and I have made up my mind to be well served. " Henceforth, if any of you make a mistake which can be clearly shown to have caused me a loss, he must be ready to refund such a proportion of it as will make it, at least, as serious a matter to him as it is to me. And this responsibility will apply to the mistakes made by the young men you appoint, up to such time as they shall have acquired substance to refund in proportion to the magnitude of their own blunders. " It will be greatly to your advantage therefore, to mind what you are about, and to take care you look out for discreet young men, who will not get you into scrapes. " If, under these conditions, you think you can better yourselves, you may draw your month's wages, and be off; for I am resolved to find men who will accept real responsibility along with real power. I don't care what wages I have to give— any expense is less extra- vagant than bad and slovenly service. " I don't find that the system of checks answers. I find it is just sufBcient to enable you to stop one another from doing any good, but 350 A LETTER ON POLITICAL EESPONSIBILITY^ it does'nt seem to stop you from doing mischief. Tou shall have increased wages and authority as you show signs of doing your busi- ness better ; but if I find you abuse your powers, don't trust to my being soft-hearted, you shall to the treadmill if you deserve it, or for that matter the gallows. Tou shall find I am not a justice of the peace for nothing. "Henceforth I shall devote all my attention to trouncing you severely when I find anything wrong, and to choosing your successors ; for I am sick of attempting to watch you all, and keep you straight in the performance of your functions. I can't possibly be in fifty places at once. But be sure, when any serious mistake occurs, I shall hear of it, and then without a tedious investigation as to what individual may be to blame, I shall at once be down upon the head of the department. This is what I understand by responsibility — and I mean you all to understand it too — good day, and look sharp !" Of course you will put the address into better shape and language than I have, for I am no hand at a dignified style of composition. But above all, try cousin John ov5r in it once or twice, to be sure that he can bring it roundly off his tongue, with a good emphasis on the important words. Hoping that some good may come of it, and, indeed, if anything comes of it, good it must be, for the state of affairs cannot easily be worse, I have the honour to remain, my dear Madam, Tour dutiful and obedient cousin, G-EOEGB Peedeeiok BtTiL, jun. P.S. — The other day, in the course of my Oriental studies, in which I am happy to say I am making some progress, I came upon a passage in the writings of "Aarif El Istaamil," which seems germane enough to the question to be worth your attention. Aarif, you are doubtless well aware, was Vizier to the celebrated Shah Naameh, who ruled over Persia in the seventh century of the Hejira, that is about 700 years ago. He wrote his famous treatise upon government when he was driven from court in disgrace by the intrigues of the retro- grade party. The passage relates to the selection of functionaries, and it is humiliating to perceive how much the wisdom of this mediaeval Asiatic is in advance of our present enlightened practice. " There be two qualities of man's wisdom, distinct and wide apart, as Ispahan and Balsora ; which, nevertheless, man's stupidity hath confounded together. These are knowledge and ability. Know- ledge is the daughter of learning, but ability is the father of doing. " It is sufiicient for the purchaser of a water-jar to be assured that it will hold water. But it behoves the buyer of a knife otherwise to prove the keen disciple of the whetstone. TIME BREAKS UPON ETEENITY. 351 " The witless customer of tlie cutler breathes upon the blade, and as the cloud vanisheth, he saith, ' The steel is trusty.' But the buyer of understanding will provide homy knots of the wood of Mazrac (perhaps lance wood), a coin of thick copper, and a flint. _" He will exclaim, ' Slice, oh edge ! if thou be of the family of the slicers— Pierce, oh point ! if thou belong to the generation of the piercers— Beget fire, oh blade-back, if thy metal make thee accept- able to the gritty bosom of the mother of sparks.' " Choice by trial is good. But they who examine the blade by the trial of the pitcher, when they fain would cut, shall scrape only ; and in place of a whittle, shall behold in their hand a potsherd. " Thus hath it been, and thus shall it be, till they who compete be examined not so much in what they know as in what they can do. l?or the faculty of doing includes both knowledge and the advan- tageous using of knowledge. Knowledge cannot fail to overtake the possessor of ability on his journey. But learning, in the scull of the much-cultivated incompetent person, lies waste, as a precious pearl whose lustre hath not beheld the sun, in the belly of the shiftless oyster." This you will perceive applies directly to the bosh uttered by some of your upper servants, who wish to discredit the idea of proper selection, by putting forward the " cram " test, and showing that those chosen by it are no better than were secured by the old corrupt system. TIME BBEAKS UPON ETERNITY. To the Eternal Infinite Nothing is mighty — nothing mean ! Each glistening grain, each star of night, Distinct in all-pervading light. To the all-searching eye serene. The rolling waters ebb and flow, The sands are more from tide to tide, The starry systems come and go. The rolling ages ebb and flow, And moving worlds are multiplied. Our earth is but a grain of sand That tumbles in the surging sea. He holds creation in his hand. With worlds as countless as the sand — Time breaks upon Eternity. 352 A PERCH FOR OUR JAIL BIRDS. How pleasant is optimism 1 How encouraging is the thought that by the joint effort of enlightened peoples, civilisation advances to that lively tune, the " march of intellect." Hark to the pealing notes which " blow " from that " deep, melodious, solemn organ," the Press. Behold the nations gracefully advancing hand in hand — crowned with the sciences, garlanded with the arts, robed in the pure white calicos of peace-worshipping Manchester. So sang the broad- brimmed sages of the Peace Society, in triumph " leading up the golden year " of the Great Exhibition. But what is this that breaks the silver-sounding harmonies ? Hoarse brass trumpets! a hubbub of drums! the clash of swords! the crackle of muskets! the thunder of artillery! Oh! it is only a spoilt child of despotism on the outskirts of civilisation. It is only the Russian autocrat misbehaving himself. We must send him a nursery governess from the Manchester training school. Nevertheless, that noise is the Russian war. Well, it is very provoking ; emperors will misbehave themselves; kings are little better; we must civilise Russia ; we must give a constitution to Naples. Why will not the world take example by England? How happy we are in peace; how prosperous we are since the gold-fields relieved us from our suicidal monetary systems and Bank Charter Acts. Behold the Panic ! How honest we are in trade. Why the rule is proved by the exceptions. See with what infamy we load our Pauls and Strahans, our Sadleirs and our Humphry Browns ! How chaste are our women — witness the inde- corum of our streets — we do not " skin and film the ulcerous place " in our social system. There is no " rank corruption festering all within, infecting unseen." Eruptive symptoms are said to clear the blood. The shameless exhibition, nightly offered by our most central parish (the old aristocratic pre-eminent parochial contrast to St. Giles), the rampant prostitution of St. James's, proves us to be, in private, a highly moral people. Our literature, why it is so chaste that only our women can write chastely enough. It is true our young men read French novels, which improves their knowledge of the language, though it is certainly bad for their morals. It is true also that the lower classes revel in very indecent penny publications, which we hope Lord Campbell will in time suppress, or at any rate, temporarily expel with an Augean stable fork, as well as the physical poison of which he is less afraid. Strichnine!! A disagreable qualm, suggested by the increasing prevalence of the Palmer school of practitioners, for a moment throws a shuddering chill down the spinal cord of our optimistic complacency. Is it possible that the world grows more accomplished in vice as well as virtue, that crime advances with as gigantic strides as other branches of industry? We have had our A PEKCH FOR OUR JAII, BIRDS. 3o3 railway kings, with their scrip-roll sceptre and bubble ball of short-lived sovereignity. We travel on the wings of vapour, but our scientific Du Vals and Turpins are in the van, exchanging shot baas for bullion, setting at nought the eccentric-chuck bolts of Chub and Bramah. After all the bitterest dregs in our cup of sparkling prosperity are to be found in our lamentable excess of convict population. We have an excellent police to catch them, excellent prisons to keep them safe, excellent penitentiaries to reform them, excellent colonies to give them a fresh chance in another world ; we have spent mints of money on them, and yet the rogues will persist in being no better than they should be. The colonies are become sick of them, having an inconvenient pre- ference for honest men. The authorities, tired of shipping unwelcome and unprofitable cargoes, have in despair opened their overstocked cages, and let the gaol birds fly, hoping that the salt would remain upon their tails. But the gaol birds instantly shook the salt off their tails, and by way of asserting their freedom, garotted a few philanthropists. Even the philanthropists accordingly are beginning at last to look out for some practical point of view. Where is the practical to be found? History records the world's experience. If necessity be the mother, experience is the father of invention. The ancient Druids piled up their criminals in a huge wickerwork frame resembling a human figure, packing them in with much inflammable matter, to which they solemnly set fire before a vast concourse of people assembled at high festival. As the flame crackled and the wretched victims howled in concert with a united cry of agony that could reach the farthest extremities of the crowd, with that solemn giant figure of punishment standing unmoved in its garment of flame, it must have struck every one present with a strong indisposition to incur such a fate. Tho venerable Druids, of amiable aspect, with long white streaming beards, superintending the ceremony, no doubt calculate on a great moral effect. If you, as an economist, are tempted to ask one of them why they waste more labour and fuel than is necessar)'? why they do not burn each offender separately, with just sufficient fire-wood to cause his death? he would tell you that it had been tried and not found effective; that a man indi- vidually watched by a whole crowd was ashamed to howl, and the people admired his courage if he bore his punishment well, however much he had deserved it. That their object was to make punishment sublimely horrible and shameful. That men, burned together, encouraged one another to howl very powerfully, for since no one could tell who howled and who did not, they all howled as loud as they could ; and the people were edified accordingly. A proposal to have a great wicker- work exhibition of capital punishment on Salisbury Plain would, however meet with too strenuous opposition in Exeter Hall to be seriously entertained for a moment. 354 DBS PREAUX'S HANSOM. Our very advancement in science displaces our criminal labour from many ancient and simple applications. If it were not for steam, how many galley slaves might have been commodiously chained to the five thousand oars of the Great Eastern? She goes by steam; but cannot the men who ought to be chained at the oars be made to work the coal for her innumerable furnaces? Forced work is inconvenient and dangerous. Granted, but a coal-mine is not a bad prison. Who will be, their gaoler? Nobody. You march your gang of ruffians to the mouth of your Government pit ; the officer on duty addresses them : " Miscreants, you have been a disgrace to the surface of the earth, you are about to be brought to your proper level. You are so many; your food will be sent down; so much bread, cheese, water, and candles, as long as you send up so many tons of coal a day. When one of you dies, his body will be sent up for inspection. If he is found to have come by his death fairly, his food and proportion of coal will be deducted; if unfairly, his food will be deducted, and you will have to send up bis coal by extra labour. It is your interest to keep one another alive, your work being as much as you can do without shortening your days ; for if you murder many of your companions you will either be worked or starved to death. Any man coming up alive to the mouth of the pit will be instantly shot by the guard. If no enormity is committed, after a time, gangs of you, by rotation, will work above ground in chains. After so many years of good behaviour 3'ou will be set at liberty. If you now refuse to work no food will be sent down. You will be allowed a fortnight to die of starvation and thirst, after which your bodies will be removed. Let me recommend you as you get to the bottom each of you to take his candle and tools and begin to work for his supper, which will be sent down when sufficient coal has come up." What an opportunity for these ruffians to learn self-government. Some of them, after passing this ordeal, would come up wiser and better men, valuable members of the commonwealth, whom the law had no called over the coals in vain. DBS PREAUX'S RANSOM. I. BloHAED the Pirst~a most reprobate rascal on Earth — though romance makes his memory dear ; One who would fiinish a nine-gallon cask alone. Equally thirsting for bloodshed and beer He was encamped in the plains before Askalon, Leading a very sad life as I fear. DESS PREAUx's RANSOM. 355 II. One day, o'ercome by potations inordinate, Out on a picnic witt nine of his chums, Sleeping his drink off he grunted and snored in it. Nothing was left but the slops and the crumbs ; Vertical shadow the palm-trees afibrding it Cast on the King. Lo ! a cloud — and it comes ! III. O'er the sandy desert sweeping Eapidly that cloud advances ; From the dusty dimness peeping Gleam the points of lifted lances. " Goodness gracious ! " cried, upleaping, After some uneasy glances ; Two stout knights, half sober, keeping "Watch in case of war's mischances. IV. " Wake from your slumbers Richard Plantagenet ! Pees come in numbers "When least you imagine it ! Buckle your armour And button your clothes, For the danger is far more Than you might suppose." V. Starting, he snorted, " A curse on the Saracen! Greatest of bores beyond any comparison ; Never an hour but the dogs come and harass one. Plague upon Askalon's infidel garrison." VI. Their steel-armed steeds they mounted. Those steel-clad, stalwart men ; Fourscore the Paynims counted, The Christians were but ten. "With lance in rest. With nodding crest, With blazoned buckler stout, With vizor shut They rode full butt Against the Pagan rout. VII. As some huge mass of jutting rock The mountain runnel mines, Till the foundation of the block 356 DES PREAUX'S RANSOM. Its loosened hold resigns — Down the steep brow with bounding shock Comes crashing through the pines — So smote that iron bulk of men Upon the light-armed Saracen. VIII. As when some pig ill-starred in A lady's flower-garden, [While men and maids are striving, The rash intruder driving Mid stocks and dafibdillies. And pinks and Turk's-head lilies,] Tramples in dire disorder Parterre, and bed and border — The garden sticks he shatters And tears the flowers to tatters, While all, as mad as hatters, Cry " fire !" and " thieves !" and " murder ! So dealt the cavaliers. With the turbans and the spears. IX. But coats of mail be heavy, And Syria's sun is hot ; This handful in the bevy Were hustled, as they fought. They laid about them stoutly, And cursed Mahound devoutly. Till out of breath they got. But with eight to one, in any form. The Pagans were too many for 'em To slay upon the spot. X. Then, cried the bold des Preaux, " We shall not win this bout ! Help me to break the rout. And ride the other way, oh My liege, when once you're out ! I will tell them I'm the king ; A diversion it will be. If I live, my ransom bring, — " If I die, remember me !" XI. Each knight then spurred his charger — Their vantage ground grew larger — " Caitiffs, yield to Eic, the king ! DES PKEAUx's HANSOM. 357 Rio el Malek, el Inkleezy, To catch me you won't find easy ; By no means an easy thing !" As they flashed out of the ring, Steel-clad from the caftaned crowd, Like a bolt out of a cloud, Thus des Preaux thundered loud, " I am king ! Eic, the king I" XII. 'Twas in Arabic he spoke — To the Saracens it seemed Not a thing to say in joke — Eound him all their sabres gleamed. For each bold sheikh had been sorry To neglect so noble quarry. Arab warriors, all and each Have a sharp eye for baksheesh ! The Sultaun would be in rapture At the King of England's capture ; And his capturer might count On baksheesh to an amount Whose loss would make much sorrier Each yaliant Arab warrior. XIII. So King Richard cut his lucky — And the caliph when he heard Of des Preaux's conduct pluclcy In the case as it occurred — He " inshallah'd" and " mashalla'd" in A style beseeming Saladin, At a length that were absurd, For my Christian muse (who loathes All Mahound's ungodly oaths) To put half such stuff unhallow'd in. XIV. On a subsequent exchange Of war prisoners, it appears That des Preaux's price may range About ten or twelve Emeers. "When the King hears this quotation, As per invoice, all alert, He exclaims, with animation, " Buy him in ! he's cheap as dirt ! " An expression which evinces How Eic measured Paynim princes "With a Christian lance expert. On the Sultan's part the ransom Showed appreciation handsome Of des Preaux's high desert. 358 THE MONTH. The gossips are out of town. The clubs are deserted. The great talk-manufactory at "Westminster is closed. Its operatives have struck work, and are discussing the value of their services with their employers. Our gracious sovereign was not made a prisoner at Cherbourg, though she had been repeatedly warned by the alarmist section of her faith- ful press, that she ran a great risk of being incarcerated in the Prench fleet, towards which consummation her introduction to the dock seemed so ominous a preliminary on the part of his Imperial Majesty. The Cherbourg fete was, no doubt, a grand affair, and like most other grand affairs, proved a very noisy, troublesome, and unsatis- factory piece of amusement to those conscientious British sight- seers who feel it is their duty not to miss any favourable opportunity of being hustled by crowds, dazzled with bayonets, and deafened with cannon. They came back in a little worse humour than they went, except perhaps Mr. Eoebuck, whose good-humour stands permanently at zero, from which (by his entertainment in the provinces) we may argue it has not varied. We have no right to complain of Napoleon for improving his naval department ; all we have to do is to see that we are a match for him. Let us take the hint and drive the stagnant incubus of official jobbery ' out of our own dockyards and Admiralty Boards. Let us not play ducks and drakes with our honest Jack-tars, on the supposition that they will always be simple enough to serve a country which turns them adrift every time there is a Brummagen Economy cry for retrenchment. We must have our Channel Fleet. It is ridiculous to suppose that human beings will ever advance to a point of civilisa- tion beyond the chance of coming now and then to loggerheads. And to say that a great and wealthy country is not rich enough to keep up an effective maritime police, is equally ridiculous. By bad financial government we waste as much in one panic as would keep up four times the naval establishment we have for a hundred years ; and yet we are come to the pettifogging economy of " shearing the Beefeaters," as Punch has it, — " Much good our diggings do us. With all their golden ore ; What profit are they to us If we have grown so poor. That, spite of ail the riches Upon us that are poured. Beefeaters' coats and breeches We can no more afford." The bullion burned out of the gold lace-bordered jerkins of our jolly Teomen of the Guard — the last remnant of mediajval pomp and picturesqueness left to Eoyal state — will go a long way, no doubt, to brace the sinews of war ! Before Cherbourg is well disposed of, we are startled by the joyful thrill of a monster nerve uniting the old world with the new. The THE MONTH. 359 Earth, limb by limb, is recovering from its congenital palsy. The magic chord, along which sensation and volition vibrate, flashes its hghtning intelligence across the broadest gap of stormy disunion dividing land from land. The Queen and President exchange sub- lime messages, and the Mayors of London and New Tork hasten to illustrate fhe pendant of the adage whose terms only a step divides. The civic mind seems to possess eminent qualifications for taking this particular and individual step. Its march of intellect seems to be composed of a staccato succession of such steps. The metropolitan drainage, a question, which forced itself on the noses of parliament, while the Thames stank in their nostrils, has been delivered over to the municipal mind. The results seem likely to be as follows, for in the absence of our professed prognosticators, we are also, pro tern, among the prophets.' A vast deal of money will be spent on preposterous tunnels, in which the sewage will stagnate in drought, and overflow in wet weather. A few pet engineers and influential contractors will play into each others hands, bamboozle the central board, and make a very good thing of it among them. The rate-payers will continue to be stifled and mulcted as usual, but they will have the remedy and con- solation of grumbling. In the meantime plans, which seem to exceed all former efibrts of human absurdity, continue to be put forward by public spirited amateurs. The only good sense we have seen written on the subject lately is from the pen of Mr. P. 0. "Ward. His admirably lucid pamphlet — which shows how eloquence can adorn the most unsavoury subjects — has for its pith and marrow this pregnant maxim. " The Eain-eall to Eiveb, and the Sewage to the Soil." Our metropolitan Sewage proper, is the water pumped daily into London by the water companies, which leaves the dwellings it passes through enriched with fsecal matter, containing ammonia worth £1,597 each day. The water daily pumped in by the companies is about as much as a heavy shower throws down on 2,000 acres of land. " This small and uniform daily sewage-flow would require only a couple of moderate-sized pipe-sewers (instead of several colossal tunnels), and might be pumped this way or that by steam power, as easily as a lady pours tea into this or that cup at pleasure." The rainfall on theother hand is vast and irregular. The sewage and rainfall are evidently incompatible in the same channel. The sewage being regular, manageable, and valuable, will bear the expense of pumping to a distance. The rainfall being irregular and unmanageable for long distances, by mixing with the sewage becomes unfit to go into the river at once, while it renders the sewage untransportable, and valueless if transported. Is it not clear then, that the moment the sewa"-e stream mixes with the rainfall, irreparable error is committed. But you say "we can't afibrd two sets of pipes!" What! not a small one on each side the river, say four foot diameter for sewage, and direct short channels to the river for rainfall. If you have to carry all your rainfall away after polluting it with sewage, think of the miles and miles of huge tunnel, which will now and then be gorged by a thunder-storm pouring down two months' average of 360 THE MONTH. rainfall in au hour. Por the clouds do not carry on their operations with the calculable regularity of the water companies, and your tunnels, not to choke and disgorge their swollen flood of filth, must be capable of carrying the highest exceptional maximum of rainfall. The moral is, concentrate your sewage in a small channel whose size you can calculate to the regular evacuation of the metropolis. Don't attempt to carry off your rainfall in any single artificial conduct. The Thames is its natural channel. !N'eat sewage will pay its tran- sport ; pure water may run off the metropolitan area by its present ten thousand sluices down into the river. To return to the events of the month. News seems to have galloped across Thibet and Eussia, to the effect that " the flowery enclosure," as the Chinese call their " Celestial Empire," is open to the commerce of the world. And this is the end of that discreditable squabble about the poaching lorcha " Arrow." A little rough usage has brought John Chinaman to his senses. "We may have been right or wrong iu trouncing him for that particular affair : probably we were wrong : but, as the Irish jury- man argued, when he refused to retract his verdict of guilty after the supposed murdered man was produced in court — " 'Deed then, if he was'nt guilty of murther he was guilty of riding over my potato bed," we may take it for granted that as much justice was adminis- tered, as was consistent with the competence of Sir John Bowring as a judge, and the general character of John Chinaman as culprit. THE BANK CHAETER ACT. " CONVERTIBILITY." BANK RETURN OF ATjaUST 26, 1858. LI.4BIHTIES. Notes Issued £31,426,195 Deduct, held by the Bank 11,06.3,540 20,362,655 Public Deposits 5,452,791 Other Deposits 13,550,348 Seven Days and other Bills 783,693 40,149,487 ASSETE. In the Issue Department : Gold Coin and Bullion 16,951,195 In the Banking Department: Gold and Silver Coin 703,311-^ 17,654,506 Balance which the Bank could not fay, on August 26th, 1858, in gold or silver ^622,494,981 361 EDITH CLABEL: A STOBY PROM THBBB POINTS OF VIEW. CHAPTER XVIII. By MEPHISTOPHILES. And that was the reason she seemed so particularly alive and merry that day at luncheon. Little we suspected that anything of the sort had taken place, or was likely to happen in such a hurry ; or else some of us v/ould have been on the look out to interrupt a long tete- a-tete of the kind, which was sure to lead to mischief. The day before we had been a pic-nic to a ruined abbey — rather a dull business, though the place was pretty. Denzil was flat ; Edith out of sorts ; Marmaduke sulky ; the mothers mysterious ; Clarel more than usually lackadaisical ; I more than usually bored. Only the Archdeacon and Miss Treraaddock seemed at all in good key ; and they were inexpressibly tedious about perpendicular gothic, flowing traceries, and lancet windows. However I caught some rather fine grayling in the stream, and Sapin cooked them, lighting a fire where once had been the high altar, and making irreligious French jokes over them, which I afterwards commu- nicated to the Archdeacon, who pretended to be shocked, but chuckled immensely, as he always does at anything sufficiently profane or in- decent. It seemed to me, that the love affair had not made much headway for a day or two. I began to think it might possibly blow over without coming to anything, and I hesitated whether it would be better to advise Denzil to propose or to come away: but I could not make up my mind whether he was likely to take advice or go by contraries, for it is hard to calculate on what a fellow will do when he is desperately in love. Well, next morning I came down late, so I don't know what took place at breakfast, it was almost over. But I suppose nothing particular, or Maud would have been on the watch. Instead of which, when Edith went to her room, she loitered about, and played a game of billiards with Denzil she plays rather well for a woman — and beat him at fifteen. Then I took her up at twenty, and while we were playing, Pouchet, the steward, came and took Clarel away from his newspaper to ride over the estate and look at some draining— Denzil and Marmaduke both went out with them, and I supposed they were all safe among the tiles. But it seems he hung fire at the stables, and only lit his pipe and got the boat out. After I had beaten Miss Tremaddock two out of three, she said No. 6. -Vol. I. 2 c 363 EDITH CLAREL. she had some letters to write. She keeps up a most voluminous corres- pondence, and gets half-a-dozen fat, pink and blue-edged, scented epistles almost every morning. Maud is a dear creature of expansive sympathies, and explodes over electrifying pieces of confidential gossip at breakfast — dearest Loo or dearesfEmily is always going to be married, or dearest Kitty is to be bridesmaid to dearest Lady Adela. Good Lord 1 what stuff women do write to each other, stretching next to nothing into such a bulk of neat angular dilution, with lofty-looped heads and flourishing tails, that the postal department cannot take charge of it under twopence. When Maud went to her correspondence, I strolled down to the par- sonage, which is about a quarter of a mile back, out of sight of the hall behind trees, where the park and village of Caercombe join. It is a quaint Elizabethan rectory ; stucco inlaid with wood-work, carved beam-ends, ivy, honeysuckles, and over-hanging gables, with a snug trim garden. On my way to the village, I crossed Sapin, conducting Mrs. Miniver (the Tremaddock's maid) on a botanising expedition. They were both laden with sylvan spoils. I found Ambrose deep in his sermon, into which, after making me welcome, he relapsed, saying he was in the midst of a fine passage, and pointing to a blind cupboard in the lower storey of his book-case, out of which (being aware there was nothing likely to suit me among the conspicuous rusty folios above) I extracted a volume by Xavier de Montepin . I often used to pass my mornings at the rectory, and having known Ambrose of old, I soon found out the dark places in that highly whitewashed library. The story interested me. " There is always something like life in a French novel," said Ambrose, when, after he had got through his fine passage, I congratulated him on the choice secular foundation of his theological superstructure. " You see human characters stripped naked to run and wrestle, as in the old palcestra. Our English writers, draped and swathed and hampered with the necessary proprieties, perform a kind of literature which may be best compared to jumping in sacks at a fair for all the human anatomy it shows in motion. The world, the flesh, and the devil, are the enemies I have to encounter in my calling in order to cut and slash them soundly with spiritual weapons, as the Pilgrim did ApoUyon." " So here you get up your Id^es Apollyonieunes only in order to pitch into them. I should have thought your own heart and life might have done without sowing extra tares on purpose." " Ah, ha 1 the thorn is bearing grapes, and the thistle figs — you will preach to me of week-days on my theological studies ? wait till Sunday, my boy, and I will be down upon you." " If that is the case I shall stay away from church." " If so, it becomes my duty to read you some of it now I have the opportunity, for it would be inexcusable to neglect a chance of improv- ing an impenitent parishioner." EDITH CLAREL. 363 " All right," I said, though I had no great confidence that the Arch- deacon's theology might not be all wrong; and he read me a florid passage about spiritual perception of spiritual truths, and grace engrafted on wild seedlings, with a great deal of horticultural illustration, which I listened to with what complacency I could, and said, when he had done, " verily, almost thou persuadest me to become a nursery gardener." He only replied with his text, something to the effect that spiritual things were foolishness to the natural man ; and asked me what news there was at the Hall. " Oh 1 nothing that will interest you particularly; " and then I added carelessly, without the slightest idea that I was also among the prophets — " except that he has proposed and been accepted. Of course you foresaw it must come off soon." Ambrose changed colour, and said, " Nonsensel you don't mean it ! who ?" " Both," said I gravely, " Maud is to be Mrs. Denzil, and Edith Mrs. Tremaddoek, before the month is out 1" " Ahl I thought you were joking; I wish there were no worse pro- babilities. If you had told me Edith had accepted Denzil!" " So you call that a worse probability ! What have you to say against Denzil's marrying her ? Don't you think it is inevitable ?" " I trust not 1" " Why ?" " There are many reasons. His birth is in itself a sufficient objection ; but his vagabond course of life, desultory habits, and loose unsettled opinions would all make me averse to confiding the destiny of one dear to me to such a man — at least if she were my daughter." " You seem rather difficult to please already, but if you were her father there's no knowing how fastidious you might be. You would perhaps look out for an accomplished, amiable and attractive man of the world like Marmaduke ; or a blameless youth of scrupulously correct morals, regular business habits and prudence, like me for instance, warranted domestic and free from vice ?" " I should about as soon think of selecting Paddy Eedcoat off the Newmarket race-course." "I am highly honoured. Then perhaps you would think it safest to entrust the happiness of your daughter to an excellent, demure, and tho- roughly respectable young clergyman ; innocent but not ignorant of the wicked ways of the world, writing botanical discourses and reading Galilean atheology." " I don't know what you would be at," said Ambrose, looking rather angry and uncomfortable. " What I am at is to clear the game a little. Disinterested motives are like the pawns on a chess board — useful if well managed, but an en- cumbrance to the game when they fall into confusion. I have been aware 364 EDITH CLAKEL, for some time that neither of us like this match and have both been obstructing it by pottering, inefficient manoeuvres, for reasons of our own, which I, for my part of them, am prepared to confess are not entirely connected with a disinterested regard for the happiness of Miss Clarel. Indeed I will go so far as to say, that I think Denzil the best man in the field at present, and what is more, she thinks so too. We both of us want to knock the business on the head, and we are letting it slip on for want of concert and decision in our moves. As yet it hangs on the balance; but some fine morning we shall wake up and find it settled. I have done what I can with Denzil to make him hang fire, but he is unmanageable, and getting dark with me. You hold the strings of the parents ; the mother at least seems to have confidence in you. Have you told her about the Greek woman? " What Greek woman?" said Ambrose. He had been preparing to disclaim and decline all sort of consciousness and complicitj' ; but opened his eyes and ears when I mentioned the Greek woman. " Is it possible you never heard of it ? Why it caused no end of talk at the time 1 Did you never hear he rescued a girl from some piratical Archipelagian small fry who had murdered the old father, and were carrying off" the daughter, when Denzil, sailing by in his yacht, saw a flaming homestead on a rocky island, put in, and saw lights come down to the landing place ? Plash of oars — female screams — gave chase — musketry and cutlasses — triumphant ruffian (whose proposals had been rejected, and who had taken these gentle means of persuasion) cut down in the most melodramatic style, in the nick of time. Then of course there was a complication ; gratitude of rescued maiden towards her preserver — house to be rebuilt, &c. The upshot was, that the schooner Petrel lay a good while in that rooky bay, and when she finally weighed anchor, the rescued maiden took passage in her and cruised about the Archipelago and Levant. It was said he married her. Not that it signified much if he did, for it wouldn't have been good in English law." " This is very shocking I What is become of her ? Did he desert her ? " " No such luck. We can't make him out a heartless villain so cheap and easy as that. He was infatuated about her, and obstinately incon- solable when she died. He has never been seriously in love since, to my knowledge. Still there are materials out of which something may be made, by judicious handling, with the mother, if she has any power. But it is a question whether it would be of much use with the young lady, for she is capable of asking him point blank; and then he would tell her a picturesque piece of romance that would very likely do him no harm with her. For who can tell what sort of conduct romantic young ladies may think excusable in a hero. Their morality is ruled by melo- dramatic laws of right and wrong." To this sentiment Ambrose EDITH CLAKEL. 365 abstractedly nodded assent with a sigh. He had a low opinion of women, as indeed I have found to be the case with most men of his shifty and politic turn of mind. The nobler, honester, and more generous sort of men usually have an exaggerated estimate of women. Women like them better for it, but victimise them, and make fools of them no less. I cannot myself boast of any great reason to think well of the vixens, but then I don't pretend to be any better than my neighbours, which the Archdeacon did. He said, after humming a snatch of a psalm tune: — " I think, perhaps, it is my duty to give Mrs. Clarel a word or two of warning: yet, no 1 I should not be justified in telling tales, which after all are no worse, though a little more picturesque, perhaps, than could be told of almost any other young man she might marry in his stead. The thing must take its course." " Well, you should know best what is the truly Christian and pastoral course." And I winked to the picture of his grandfather (a sly-looking old bobwigged doctor of divinity, in canonicals, over the mantelpiece) for want of any other person present to receive that mark of intelligence ; for I felt firmly persuaded in my own mind that this protest was only a faint remnant of his Pharisaical instincts, performed mechanically, though he knew well enough my respect for his character was not suffi- cient to be worth preserving, nor even mentioning, for that matter. I knew well enough the outline I had furnished was safe to be handed on, cleverly touched up, and artistically coloured into the bargain. On our way up to the house we were overtaken by the riders, who had picked up a dog cart on the road. This contained no less distin- guished personages than Dick Braby and Lord Charles Henessey. " What wind blows you here, Master Braby ? " said I, as they pulled up to shake hands. " A political breeze that is already brewing, and will be shortly brought to bear. A septemtrional blast from TTrsa Major, to which we spread our canvas at Huddleport, where we hope to obtain more than a bare majority by bulling the political market. In short, that eminent statesman Sir Trymley Shifthelm has had a stroke, which is a warning to us all to strengthen our constitutions by a little sea air and bathing, especially at the salubrious watering-place of Huddleport." Lord Charles had nudged him once or twice in this string of nonsense, but Braby was hard to stop. Clarel said, "If you have got a couple of thousand pounds in hard cash at the bottom of your cart, you will do a good business at Huddle- port. I stood on the purity principle twelve years ago, and sunk £1,400. Sir Trymley got in for £3,000. But I believe it can be done for about £2,000 now." " We expected to get some information out of you as well as some luncheon. You must tell us all about it before we move on." 366 EDITH CLAREL. " Very good," said Clarel; " but I can't be hurried with my informa- tion. You must put up for a day or two. We can't let good company pass by our door without levying toll. You must stay to-night at any rate. There is no hurry about the borough. It will not be decent to take any overt steps till he is dead, and old Shifthelm has as many lives as a cat." Less cogent reasons would have been sufficient. Indeed, from their little haste, faint resistance, and still more from the freedom with which Braby put forward the electioneering scheme, I made up my mind at once, that having nothing particular to do before the grouse shooting, they had come as unsuspiciously as they could to have a look at the heiress of Caercombe. Lord Charles, as you may see by the peer- age, is the third son of the Marquis of Madderstock, and Braby, who has any amount of brass, had undertaken to engineer the approaches. So, at least, I judged after ten minutes or so, which brought us to the drawbridge, and I said to the Archdeacon, " Here is a new entry, which may alter the betting on the favourite." " She doesn't care about rank, and his Lordship has not much in him. But he may take her eye off for a day or two. You must encourage Denzil to be jealous of him. An imaginative fellow, when he gets jealous, can do himself more prejudice with a woman than any third party can do for him." CHAPTER XIX. ED. M. B. TO THE EEADEK. With these presents, greeting. About three weeks ago, we (the Editor of this periodical) had occa- sion to write to the gentleman who represents himself in our pages as the Hon. Robert Knyvett. Our note requested him to hand us further copy of his story, in order to give our designer and engravers time to put the illustration in a state of forwardness, reminding him that all ■we had in hand was the above chapter, which had remained over, in print, from the last number. We received no answer, and wrote again, still more urgently, but with no better result. About ten days later we were somewhat startled by a visit from Inspector W :-, of the detective force, accompanied by Mr. Torte, of the firm Latches and Torte, solicitors. We apprehended at first this visit might portend a civil action for defamation of certain public charac- ters whom we have treated somewhat unsparingly in our political diatribes ; and were relieved, and a little surprised when we found their polite inquiries related to a gentleman of the name of Carrow. Now Carrow was the name under which our novelist had introduced EDITH CLAREL. 367 himself, with what we considered a rather promising, but unfinished MS., while the magazine was yet in embryo. We had not at first con- templated a story at all; but on second thoughts it had been suggested, and finally decided, that something of the kind, linking our numbers together by the connection of a sustained interest (which the unthinking masses find more easily in the flimsiest fiction than in the gravest political and financial questions of the day) would be likely to attract and attach the ordinary run of readers — whose views we hoped to influence — more than a mere collection of disjointed essays. We therefore advertised for novelists. Of the chaos of trashy fiction and the troop of shabby fellows by whom and with which we were perplexed and pestered in consequence, it is unnecessary to say more than that " Edith Clarel " was selected. Mr. Carrow — his name, of course, is no more Carrow than Knyvett — gave us to understand that he was a gentleman who had seen better days, and had turned his attention to literature as a means of livelihood in his present embarrassments. We saw but little of him, and when he did favour us with a visit, it was usually after dusk. He was dressed in loud patterns, ill made, and much the worse for wear. His manner was rather slang ; yet he gave us the impression, some way, of a gentle- man making the worst of himself, rather than a " gent '' doing his best. He had keen eyes under strongly marked brows, neither corresponding with the colour of his hair (which had rather a wiggy appearance) nor his beard, which even by candlelight had a look of being dyed. His MS. was bold, straggling, and irregular; neither literary nor com- mercial. The parts of the story professing to be extracts from the Blue and Pink Books were much more fairly written than the Mephis- tophelian interpolations, which were full of erasures. We once remarked this to him, and he said he had taken great pains to make the style of those extracts a contrast to his own, and he had therefore re-written them, while his own parts were purposely left in the rough. Part of his last instalment, for which we also had to press him, came in a beautiful lady's hand, with a note saying " he was unwell, and his sistei? had copied most of his hieroglyphics out for him, which would expedite the printing." But it was written on both sides of satin-wove gilt-edged paper, torn along the inside as if it had come out of a book. The ink had no appearance of freshness, except where names occurred. At each name the paper showed signs of scratching out, and the names were written in a stiff imitation of the same graceful flowing lady's hand, in fresher ink which had here and there blurred on the erasures, This we remarked on scouring hastily through' it, but being oppressed with editorial business, had not time to think much about it. It seemed readable matter, and the change of hand and erasures only left a vague uneasiness lest something indefinite might be in the wind. • We had aU 368 EDITH CLAREL. along, of course, taken for granted that the professing extracts were a mere phase of our author's invention, giving him credit for some literary ingenuity and versatility of style. But what if they were real extracts surreptitiously obtained ? All this, and more, broke upon us as Mr. Torte and Inspector W stood waiting for further information. " Good heavens !" we exclaimed, '' then there is something wrong about Mr. Carrow?" "I believe you, sir!" replied the inspector, slapping his ample breast, which yielded a paper-packety sound, as of complete documentary evidence to that effect. " Mr. Carrow, alias Knyvett, aZfas— (another name, which we are not at liberty to mention)—" is one of the most precious scamps untransported. If he has taken you in, it's no more than he has a many more. What information can you give re- " specting him?" "Nothing more than that we forward proofs to his lodging in St. John's Wood, I think ; I have the address somewhere — " " Don't trouble yourself, sir," said the inspector. " We've tried that crib. The lady under whose protection he had been living there gave us a good deal of bad language — said ' her Bob had proved a black-hearted villain ; which I believe all you men are much alike,' says she. ' And as to my Bob,' says she with scorn, ' you have my free consent to his hanging, if you can catch him,' says she, with a sneer; ' for he's on his way to Australia by this time,' says she, and begins to shed tears and oaths dreadful. ' So there's the door,' says she, flaring up again; 'and the sooner you can quit my apartments, sir, without ilconvenience to your- self, sir, the better you'll accommodate me, sir,' says she, flouncing herself down on her sofa, in a rustle of silks, with the air of a duchess. " So I says, ' I've a search-warrant, young lady ; and if you'll oblige me with a sight of your drawers and cupboards, we'll very soon relieve you of our presence, miss.' So she looks at the warrant, and says, 'All right I I'm shore I don't want none of his truck about; so if you'll do me the kindness to remove it, you're most welcome.' So she unlocks the bottom drawer of her commode, and takes out from under some embroidered petticoats a lot of papers and books. Allow me to step down for a moment; Thompson, X 23, he's in possession of them. I lefl him down stairs in the entry." " In the meantime I have a communication for you, sir," said Mr. T., extracting a large thick packet from his pocket. Sure enough the packet was directed to the Editor of the M. B. We turned it over gingerly, as if it might be explosive. The writing and seal were unfamiliar. " Come," said we, to our editorial selves, " it is much too bulky for a challenge, and it feels like copy, of which we are much in want. We broke the seal, and a good sheaf of manuscript fell out of the envelope. EDITH CLAllEL. 369 "Sir,_As it is possible, nay probable, that you may have been misled " Turn over page 37, and last of MS. Signed, " Percy Denzil." " Goodness me !" lUnter Inspector, with a blue ftaj/.J " I am given to understand that you have already some knowledge of these two manuscript volumes," said Mr. Torte; "which I produce," put in the inspector, mechanically, as he drew out of the bag a small and a large quarto volume, one in blue morocco, and the other in pink kid. Both had locks, no longer of any avail, though unopened. The place where the clasp had been riveted on one of the boards of each volume had been cut out bodily, as the mangled bit of pasteboard and leather still attached to their silver and ormolu hinges abundantly testified. " So much for the privacy of look-up books," I observed, " when they get into unscrupulous hands ; for I suppose I am to under- stand, Mr. Carrow Yes! (looking into the pink volume) it is the same lady's hand as the chapter; and here is the place where it was torn out from. How did he obtain possession of these MSB. ?" " He took them without permission, which in low life is called pur- loining. But he has done worse than that in his time." "He forged acceptances," explained Mr. Torte, "and miglit have been transported for that, but his brother paid the money, and it was hushed up. You see, sir, when we have what the French call a mauvais sujet in high life, to deal with, some arrangement is usually come to, to avoid exposure. I think, Mr. Inspector, we shall not meet with any information here that will be of any value to you. Perhaps it would be well to call round and see if there is any answer to the telegraphic inquiries. I am afraid our bird is fairly flown. Good morning! Thompson can take the bag to my chambers. I shall be at home at 4.30, if there be anything to report. [Exit Inspector,] " Now, sir, I must trespass on your valuable time for a little private conversation. You see, sir, our client, whom j'ou are best acquainted with under the name of Mr. Denzil, and whose real name you will please consider strictly confidential, has considerable cause to feel aggrieved by the publication, not only of his own, but of his wife's private memoirs in your magazine!" " Then he did marry her!" I exclaimed. " Yes, sir, they have been married some time, and are now residing in Venice. But that is not the point: our client, whom, for the sake of argument, we will still call Mr. Denzil (and his wife still more, though of course her suit is under covert), has considerable reason to feel aggrieved." "Most undoubtedly; and I am shocked beyond expression. But I beg you will confidently believe me when I tell you that I had not the remotest idea that your clients had any more tangible existence than the imagination of Mr. Carrow had created for them in our pages. It 370 EDITH CLAREIi. seemed ingenious, and something like truth, but I never for a moment imagined it was true. " Quite so ; true every word of it, nevertheless. But that is just the point. Our client says, writing from Venice — h-m-m-m — just so — ' If has taken in the editor, and the magazine is no particeps criminis, as you would say, I owe him and )\\s readers an apology for interrupting what may possibly have seemed a readable story. I will, in that case, do my best to wind up, and will send a concluding chapter for the ill-used magazine in a few days.' That, sir, is the packet I have given you. Like his good nature — most excellent hearted young gentle- man is our client. Between ourselves, it was not intended to catch Mr. ; only to frighten him away, and put a stop to his literary efEbrts,whioh of course were very annoying to the lady's feelings ; and they couldn't tell what it might come to in such hands. So a hint was given^ and a little peonniary assistance afforded, and he was off like a shot. The police won't catch him, and we shall come to an arrangement with them to say nothing about it now the coast is clear, and we have recovered the MSS. As to the sufferers by recent peculations they are only in a small way, and our client has given us instructions to see them satisfied. So there will be no noise about it, which in these cases is better for all parties. Lucky our client happened to see the periodical at Venice, drew our attention to it immediately, and we took steps accordingly," — nodding his head, and smacking his lips, as if the whole transaction was of a highly satisfactory character. " But, in the meantime," said I, with a sigh, " what am I to say to my faithful readers? The month is getting on! This is a most dis- tressing position for an editor! What is to be done?" " Well, you see, sir, it would be presumption in me to offer advice out of my professional line; but I might suggest, if you were to give some little account of our interview — of course keeping names in the back-ground — and then insert our client's remarks, which you see con- tain a good deal of explanatory matter, that may, so to speak, wind up the affairs of the story, which must, excuse me, under the circumstances, be treated as a bankrupt, and pass through court under the winding-up act. The readers, you see, sir, must accept what dividend is to be had, with or without interest. Ha! ha! pardon my jocularity." "It is indeed no joking matter to the magazine to pull up what seemed likely to be a long-winded story in one number. Could not Mr. Denzil be induced to go on with it, and tell his own story out, now so much of it is before the public — extracting only such parts of these volumes as he and his lady think fit ?" "Ah! well, you might communicate with him on that point; but I don't think it likely. You see it involves such a mass of private details. Besides, if I am not mistaken, the paper I have handed you EDITH CLARBL. 371 contains the general outline ; and as that is all that can be had in time for your next number, I see no alternative. But all this is matter of private arrangement between you and Mr. Denzil, as I perceive you still persist in calling him. Good morning, sir. Let us hope the best." We thanked Mr. Torte for his suggestion, and wished him good morning. On thinking the matter over, nothing more advisable occurred to us ; so, in short, we have acted upon it, and with all possible apologies for this unforeseen collapse of our story, we beg to lay before the reader — CHAPTER XX, CONTAINING MH. DENZIL's COMMUNICATION TO ED. M. B. Sir, — As it is possible, nay probable, that you may have been misled as to the character and origin of the story you are publishing in the very front of your magazine, and giving to the world with the unre- served freedom which belongs to works of fiction, I beg leave, if necessary, at once to undeceive you. The copyright of by far the greater portion of what you have already published belongs to me, having been composed and written by my wife and myself in our private journals. These manuscripts have been surreptitiously obtained, and treacherously made use of without any permission of ours. Your periodical, so far as it contains such matter as I have described, is in the position of a (let us hope unconscious) receiver of stolen goods. Of course, if it has been done unknowingly, as far as you are concerned, I attach no blame to you, and can only say, that it has caused us great annoyance, and we distinctly enjoin you to forbear any further promulgation of our domestic annals, beyond what is already printed. We request, moreover, that in token of regret for the wrong you have done us, you will lend your aid to the recovery and immediate restoration of the original manuscripts from which the extracts, above alluded to, have been taken. I make these statements without proofs or substantiations of any kind, havin'" instructed my solicitors to deliver this document only on their having taken such preliminary steps as shall have been sufficient to convince you of its authenticity. They will have explained to you, in part at least, the delinquencies of the unhappy man, by whose treachery towards us, and probably dishonest dealing with yourself, our private history has been thrust upon your readers. You have little to complain of, for a moderate degree of precaution in selecting your author would have protected your pages from the present untoward catastrophe. But your readers will have reasonable grounds for indignation when they find that a tedious introduction, through which they may have waded in hopes of getting at last to thq 372 EDITH CLAREL. pith of the story, only leads to a bald, abrupt couclusion, shorn of all interesting particulars. — " For the romance of our courtship, if it had any romance," says a voice over mjr shoulder, " all came after those frightfully absurd and disgraceful flights of folly the wretch revenged himself by picking out to publish. I shall never be able to go back to England again, vmless every copy of that odious magazine is bought up and burnt !" " Nay, darling, that v^rould be like the Irish mob's vengeance, which burned all the notes of an unpopular bank. The more numbers we bought up, the more they would publish. Any attempt of the kind would probably raise the circulation from five or six to fifty or sixty thousand at once !" " And what are all those five or six thousand readers thinking of us all this time ? It is dreadful." " Don't distress yourself more than enough, my sweetest ; most of them probably think very little of us, passing us and our nonsense over as mere frivolous fiction (for the traitor has had the grace to re-christen us with fictitious names). Most of the readers of the magazine are steady old bankers and Jew capitalists, and money lenders, who skip us as unimportant, and revel in those brilliant and attractive essays about bullion and notes, and Bank Charter Acts, which, to that particular class of readers, are light, palatable and nutritious literature." " Nonsense, love. They would never have put us in first, and illus- trated us with those highly-flattering woodcuts, unless they meant to bait the hook of their political and financial experiment with our vile literary bodies." " My dear, I am writing down every word you say, and I must remind you that in the Saturday Review you are accused of pedantic allusions and quotations from the Latin grammar ; so think before you speak, for all this will go to heap coals of fire on the head of the editor, who will publish it all in his magazine, as a sop to the ravenous readers of light literature who have been inveigled into his financial trap by our Mtises." " You don't mean seriously that you have been writing down all this nonsense for the public ?" " I do, indeed, darling ; I will scratch it all out, if you like. But the public is used to our nonsense by this time, and I am by no means sure that it will not be the best way to treat the matter nonsensically to the end (for I am rather afraid that our seriousness may make us, if possible, even more ridiculous than we aie at present), and then the public will not know what to think. For after they have wondered a little how it could possibly happen that an author, an editor, and a pub- lisher should all of a sudden have separately and simultaneously gone mad, which will be their first and most natural idea on seeing this in EDITH CLAREL. 373 print, some will say it is a mystification to cover a broken-down fiction ; others will say, it is because the magazine is coming to an end ; and others still, who are of deeper experience in literary arcana behind the scenes, will say, the editor and the novelist have ' had words,' and the poor devil author, being ordered to wind up his long-winded story in a single number at a month's warning, is spurring his insulted Pegasus to kick over the traces. But the practical result to us will be that the reader will be persuaded it is not only fiction, but fiction of a very indifferent sort, and will quit us and our mangled story with (not to us unprofitable) incredulity and disdain." " I don't like to leave our readers so," says my gentle bride. " Sup- pose some of them should have read us indulgently, and found some few grains of wisdom in our folly. They may have pardoned our nonsense, and amiably begun to take some slight interest in us. It is true we had no hand in troubling them with our destinies ; but since it has so fallen out — (and some of them inay have thought kindly of us, in spite of our malevolent commentator) — we ought not to break off with a hasty, heartless turn of the heel, or a mocking levity of manner, leaving them disappointed in their good thoughts of us while we are so happy. Nay, some of them might be glad to know how happy we are, dearest ; and be curious to hear what troubles and trials we have passed through in those long years between the last of our printed history, and the blessed morning of our marriage." " I always said you were a good girl, my pet, and I think so still, in spite of all the Saturday Revietv can say in your disparagement. But even if we were to keep up our pseudonyms, and try to tell the main features of our story, how could we write all that into this commu- nication to the editor ; and how can we tell it without compromising some of our relations at least, and making ourselves still more public characters than we unfortunately are already ? Besides, many things can be told at full length with all the attenuating circumstances, which will not bear a bald and summary recital." " Of course there are difficulties, dear, but let us talk it over, and do our best. Come to the window, my own, and look at this beautiful sunset striking along the canal. All the solid golden palaces are mirrored in a bath of liquid fire.— Come, dear ; your forehead is hot and feverish ; we must go out, and find you some fresh air on the lagoon before dinner. Then, in the evening, we will see about a decent cerecloth for the burial of our story in oblivion." " La siguora, a sonato?" " Yes, Gaetana, I rang for the gondola." " The signori will not require two oars ?" " No, one will do ; is Zorzi there ?" 374 EDITH CLAUEL. " Yes, Zorzi is there — but my Zulian would like to go." " But Zulian is cooking the dinner ?" " Si, signora; but he has put the dinner in full career. And Zorzi, can cook nicely, though he is only a gondolier ; and it would do my Zulian good, for he has a headache, and he loves to row your excellencies." " Very well, Gaetana, then — tell your Zulian to be quick 1 And you can come with us too if that is what your wistful lingering means." " Grazia tanta, cara signora, tanta tant!" " What, are you writing still ? Here is your hat, and my shawls and fan. — Come, dear ! Zulian is in the boat." " One moment, darling ! — Now I'm ready." CHAPTER XXI. " Edith, my pet, we shall get no forwarder by only talking about it. It must be done; so I have taken to pen and ink. We have talked it over quite sufficiently on the lagoon and at dinner, besides all this last long discussion over our coffee on the moonlit balcony. Come, we must really get to work. If we had written all we have talked, we should have had a quantity of material that, with a good deal of cutting out and a few additions, would have done. Now, then, that I have my own good and wise little wife at my elbow to help me with her five sharp little wits — yes ! just one, sweet pet— and now I feel ready to face all the critics in the world. No, dear, you mustn't look over the page while I am writing. You must mind your work, and help me only with suggestions now, but you shall look over it all, and correct it when it is done." '' What, are we to tell our story, then, in a galloping summary ? Indeed, I cannot have that done. There is no way we could put it that would not be quite intolerable. I never should be able to look anybody in the face again." " I thought you wished to part friends with your readers. A good many people know a good deal of our story already, and /know it all, and yet you dare look me in the face. Am I nobody? " " You are not any-hody ! You know me very nearly as well as I know myself." " And do I like you any the worse, sweet, for knowing you better ? " " No, my own, I hope not. But, then, you have yourself done full your share of the foolish things in our story, and you never are ashamed of anything. You seem to have no sense of the difference between public and private. I suppose men with a literary turn never have it, or, at least, succeed in smothering it. I never yet have been able to understand how, after those wicked men had contrived by their schemes EDITH CLAREL. 375 to bring about our great quarrel — when we were going about with gnaw- ing adders at our hearts, and meeting each other with icy indifference of manner among those glittering crowds whom it is the fashion to call thoughtless— though they, too, may many of them have carried broken hearts under their smooth white waistcoats and glaeS bodices— I never yet have been able to understand how you could bring yourself to pub- lish the whole of your despair (to be had of all booksellers) in that pretty, hot-pressed volume of gasping and shuddering lyrics." " Which you cried over, Madam, though you are pleased to speak lightly of it now ! Is not the copy you bought with palpitations think- ing the bookseller was sure to see at a glance that you were the original Irene — is not your original copy copiously annotated with marginal blisters ? " " Of course, I cried over it, and I thought ' What a strange mixture of base conduct and noble thoughts ! — (for then I still believed you faith- less and guilty) — what a strange combination of tender sensitiveness of feeling with a callous indifference that cau throw his heart open for any sort of coarse criticism!' And now, I believe, if it was not for my distress at the idea of it, you would not have cared twopence if that monster had gone on ripping up all the secret records of our wretched- ness — grimly pondering, like a cold-blooded fiend, to select choice shreds and tatters of our torn heartstrings for a saleable commodity. It makes me angry to think of him, and still more to remember that you should have been so much blinded by your own generous simplicity as to have once trusted him and loved him." " Poor fellow, he is like the rest of us, a mixture of good and bad, only, unfortunately for him, the bad has got the better of the good. You used to like him too! Ah, pet, you shake your head, but it must be true, for it is in print. At any rate, / owe him one great debt of gratitude.'' " And what, pray, may that be ? " " He did me the eminent kindness of introducing me to my present wife, and I hope that claim is inexhaustible. Besides which, consider- ing the unscrupulous manner in which he got hold of the manuscripts and turned them to account, I don't think he has edited them quite so dishonestly or malevolently as we might have calculated on. He has, at least, not garbled our text with insertions of his own, and has even shown some little tact in his selections. Of course, he could not get rid of the sneering tone in his own comments ; but he seems to have made a judicious effort to suppress it as far as he could; and here and there he has given us a good word." " He had sufficient knowledge of the world to reflect that the mar- ketableness of his stolen commodity depended on his readers taking an interest in us. I fear I never shall be able to think of him with any 376 EDITH CLAREL. sort of charity. He seems to nie as selfish, false and cold-blooded a knave as ever lived. He made a catspaw of my unfortunate cousin to set me against you, and led him into plottings and double dealings, the disgrace of whose discovei'y I think, more than anything, drove him to Eome — which seems to be now-a-days the Botany Bay of discomfited clergymen." " I have less pity for your unfortunate cousin than for my false friend. He took so kindly to the office of a spy and an informer, and with such a smooth-faced sanctimony, too, giving you pious advice against me after his search for evidence in slippery places had led him into the very pitfall of shame, whither he was tracking me on a false scent." " But he did not know it was a false scent, at least not at first, and the other did, and coolly played out his game between us all, giving you false counsel, making me false professions, and throwing false evidence and temptation in my cousin's way. If it had not been for his treache- rous intervention we should have come to an explanation, and have been saved all those years of wretchedness. Then when my cousin had cleared up Pouchett's peculations, and got the estate into a more pro- mising condition, how the traitor's flattering attentions to me revived, and how opportunely they fell off again after poor mamma's death, and entirely ceased when my father married the young dowager; and how suddenly they blazed out into a conflagration once more when you con- trived to be killed in the Crimea, and he knew you had left me everything in your will. What an improbable coincidence it was, that j'ou should meet with another victim of that wretched woman whose wickedness was the pivot of all the underplot. There must be some strange fascination about her. Even you took an interest in her pretended grief. She certainly was beautiful; and I never saw anything more terrible than the storm of rage, and scorn, and despair, sweeping through that desolate ruin of a woman." " Her first grief, no doubt, was partly pretended, and did not interest me much, luckily. That was a mixture of financial difficulty with jealousy of Knyvett, and a speculation for turning me into pecuniary profit, with revenge of her pique. I relieved her necessities, and got myself into trouble by the ill-bestowed charity of a few ten-pound notes. Her subsequent advances were partly from a curiously perverted sense of obligation, but their philosophical reception aroused the indignation of her mortified vanity." " You did wrong to run the risk of temptation by mixing yourself up with such disgraceful people and their doings. And yon have been punished for your rashness." " I knew I was in no danger. My morality was not of so severe and rigid a sort as to prevent me from being kind to the mistress of my friend when she seemed to be in sickness and distress. And that loose EDITH CLAREL. 377 code of morality which men call honour (and which is of too coarse a texture for the delicate intelligence and pure sentiment of ladies ever thoroughly to appreciate) was quite sufficient for my safety, independent of all that violent passion for you, my sweet. Nay, I may confess, that all the romantic fidelity to you, for which you have given me credit — • though doubtless an inexhaustible reserve of ammunition — was never brought into play. My simple sense of honourable dealing with my friend in his absence was the only rampart thrown up against the syren's zigzags." " Why should you insult women with the supposition that we do not understand what you mean by honour? What human sentiment is there we cannot appreciate as well as men ? " " You understand our sense of honour as people understand a foreign language. Or, to use a better instance, you understand and appreciate it as we men are able to appreciate in some degree your female sense of modesty. You will agree with me, pet, that we are not so minute critics in that essentially feminine code as you are yourselves. At least, it is a very common remark among you, that we men are lamentably obtuse in perceiving the absence, or properly valuing the presence, of this mys- terious attribute in the women we do admire, and in those whom it is confidently asserted by influential bodies of maiden aunts we ought to admire. Indeed, now I think of it. Lady Theresa, when she had been amiably telling me what a charming, clever, high-spirited creature you were, added, in a confidential parenthesis, that ' there was, perhaps, a — ha — something a shade too decided — hm — in so young a creature — but, a — hm — foreign education — and no doubt it would wear off, or tone down, with a little more English society — hm. Didn't I think so?' ' No, I did not; I liked your manner very much,' not possessing that delicate discrimination, &c." " You are talking nonsense, dear; and as to your male freemasonry of honour, your friend believed you had betrayed him, nevertheless. You have told me of the stormy interview when he came back to town." "Yes, but he was unfortunately rather deficient in that very sense of honour which would, if he had possessed it, have led him to trust in mine, even with all Sapin's cumulative evidence against me. And Sapin no doubt put his facts very ingeniously together, both for him and Ambrose ; for my faithful valet seems to have been in the pay of both. He had got me a considerable check changed the day before the wicked woman came in her smart brougham lined with blue satin, to bewail her desertion and destitution, which she eloquently detailed at great length, not without copious application of Valenciennes-fringed cambric to her eyes. He had to change another check the day after. SapirrTiad, moreover, the pick of an abundance of highly-scented and rather negligently spelled notes, which, thinking no evil, I threw into 2 D 378 EDITH CLAREL. the waste paper basket. Some of them were of a deeply romantic com- plexion, and began, '- Best and kindest of friends.' He forwarded a judicious selection of them to Ambrose. Meanwhile, I was busy in London with the preparation of the settlements, and writing my own darling a profusion of those ardent love letters which were soon to come to such an untimely end ; while you at home were going through a course of municipal civilities to the magnates of Huddleport after the election. What fun that election was! It is almost a pity Knyvett was not allowed to go on for a number or two more ; it is just the sort of thing he would have described to a turn ; and he saw all the ins and outs of it." " Yes, that would have been all very well ; but you must remember that before the election, he would have come upon the use I made of my secret passages, and the pale lady's apparition to stop the duel between you and Mr. Treraaddock, which I think would very likely never have taken place, even if I had not nearly frightened him to death at the corner of the passage. But he actually tumbled down with terror, and shut his eyes at the sight of me; and when I had disappeared by one of my secret doors, I still heard his teeth chattering. So I imitated the smothered cry of a child, and said in my most sepulchral tone through the wainscot, ' Begone this night, or death comes here for you in the morning!' I was charmingly successful with him. But then the western people are superstitious, and the pale lady's fame is firmly established in the neighbourhood. As for you, obstinate sceptic, though I had told you the story before putting you into the tapestried chamber, you were quite intractable. When I startled you with my murdered infant's cry, and you turned your head round from your writing and saw me, you got up politely and looked at me. That frightened me dread- fully, and if my proper countenance had not been a grim and scared one, I should not have been able to keep it. At last I said, ' Bring not more blood upon our tainted hearth!' to which you coolly replied, ' You pretend to be a spirit ?' I bowed my head. ' Without a body?' Another bow. ' My door is locked, and, therefore it is a mystery to me how you got into my room, as much as that you should have ventured here at this time of night at all.' Here the ghost trembled a good deal. ' But in the first place you have a body, for I see the shadow of it trem- bling on the tapestry. In the second place you spoke first, which ghosts are said, on the best authority, to avoid.' By this time the apparition was very near the walnut press. ' And in the third place you are Edith.'!.'' The ghost disappeared; and you rushing forward, quite convinced that you would find a corporeal reality in the press, came upon nothing but your own paletots and plaids, and a sulphureous smell which I had prepared by burning several kitchen matches in the secret passage before my entrance, so that the fumes came in with me. EDITH CLAREL. 379 I admired the calm spirit of investigation which led you to tap the back of the press with your knuckles; but as I was leaning breathless against the secret door, of course it did not sound so hollow as it might otherwise have done." "Weill" Well, then you were puzzled. And you went and looked at the picture, and examined the lock of your door, and thought whether after all if was not a ghost, and looked at your pistols, and thought whether you would be shot next morning, and wrote a curious little treatise on whether a ghost might be expected to throw a shadow, in the Blue Book, and went to bed and slept very little." "Weill" " Well? indeed! Just think what a nice story Mr. Knyvett would have made of that in his next number, with all his sneering com- ments." " He could only have got it from our own writing, for he never heard a word of it from any other source. But he would have made a good scene of the quarrel over Braby's private theatricals. Braby meant to set us by the ears, and laid the plot of his little extempore play accordingly. He had brought young Lord Charles over from Madderstock to see whether anything was to be done for him with the heiress of Caercombe or the borough of Huddleport. Braby is a clever fellow and a knowing hand. In the county he is a, hanger-on of the Marquis ; but in England at large he has an independent reputation as a diner-out and country house enlivener. His wit is warranted to be understood by country gentlemen, and is just admissible in fashionable drawing-rooms. What funny speeches he made afterwards at the Huddleport election. Knyvett hasn't introduced Braby yet." " No. Mr. Braby and Lord Charles arrived — -don't you remember? We saw them coming up the drive in their dog-cart with the riding party who had picked them up on the road — that morning after — " "After the terrible conversation I Yes, darling, I remember. And how merrily you talked and laughed at luncheon, as if nothing had happened. You sat next to Braby and took up his rattling nonsense in a way that surprised me. Braby saw how the land lay between me and Tremaddock, and no doubt made up his mind that a quarrel between us would be his best way of breaking ground for Lord Charles." " I think you give him credit for more malice aforethought than enough. It is true he has an alFectation of bluntness, and a little overdoes the character of a roystering blade. But it seems to me his system is to stir everything about roughly ; and see what comes of it. He has none of that sensitive delicacy which picks its way cautiously up to acquaint- ance by beaten tracks, going a long way round rather than climb over 380 EDITH CLAREL. a looked gate, and turning back meekly to wait for another opportunity, when a discouraging answer comes to the front door bell. His system is to disregard all acknowledged approaches. He rides up across country, never looks whether the gate of affability is locked or not. He blows the horn of impudence, and taking a fly leap over the thorny hedge of reserve, plunges knee deep into yotir favourite bed of pre- judices in full bloom, where he tramples about shouting your Christian name at the top of his voice, till you come out in great indignation at the head of all your household to order him off the pre- mises; upon which he says, with the most amiable smile in the world, ' I'm so glad to iind you at home. I've long had a great desire to make your acquaintance. Now pray don't be annoyed, I am Dick Braby. This is a way I have. John, Thomas, William, ah! let my horse stand half-an-hour, William, before his feed; you see he's rather blown. And now, madam, let me conduct you into the house ; it must be near luncheon time.' So having turned the whole establishment of your pri- vacy inside out and upside down, he makes himself perfectly at home, and amuses himself with building up the ruins after his own inventions." " A thoroughly case-hardened impudence is no doubt his principal virtue, but he has great readiness and ingenuity. And what a spirit and stir there is in him ! Why the very night of his arrival, he got up some charades ; and the next, when he had tested his performers, he contrived that skeleton play which did all the mischief. The plot had a good deal of merit in itself; but his cunning management, by which the actors themselves were kept in the dark as to the underplot till it gradually developed in the hands of unconscious agents speaking extempore, led and misled by hints off and on the stage, was a master- piece of dexterity and of the accurate measure he had taken of his dramatis persona;. He did Marmaduke the honour of selecting him as the most opaque medium, under the show of taking the principal hero's part, to turn out the butt of the piece. And that apparently by my wilfully diverging from the original scheme propounded in the green- room, on which understanding Marmaduke had volunteered to select his part. You saw how he lost his temper and heard what boorish language he uttered in the green-room, and my reply; and you saw how Braby took us aside and whispered to us, and made us perform a plausible show of reconciliation for your benefit; though you were far too sharp to be taken in. But up in the high turret chamber where we adjourned (after the ladies pretended to be gone to bed) to see if the quarrel could not be ended in smoke, Braby came out as a practical Solon on modern duelling. He explained to Tremaddock that his conduct had been quite intolerable, and that he had no course but to beg my pardon in your presence, and to beg yours besides. He assured me that duels were in very bad odour with the law, and that if EDITH CLAREL. 381 I shot him, I should be hanged, or at best transported for fourteen years. This seemed to encourage Tremaddock to persevere in being sulky and refractory; but I said I would take care not to kill iiiin, for I was perfectly master of my weapon, and would break his right shoulder-bone. 'Put he might shoot me I' < That would cause me no legal inconvenience.' Tremaddock winced a little at the cer- tainty with which I talked of his right shoulder ; but declined to hear or see reason. Lord Charles said it was very absurd the law shouldn't let fellows who quarrelled, fight it out, and he suggested an appeal to fists. ' Should I be satisfied to abide by the result of fists, and demand no further reparation if worsted ? Tremaddock was unfortunately two stone heavier.' I said ' Fists or any other weapons would satisfy me.' Tremaddock said in rather a pompous way, ' That it was not a boy's squabble.' " " Well, my lad," said Braby, " you see you are challenged, and, as you will not make an apology (as I have recommended you), your next privilege is the choice of weapons and an early hour for mortal combat to-morrow morning — for we can't sit up all night." " Pistols at six," gasped Marmaduke, looking very black in the face. He took his candle, threw away his cigar, and was flinging out of the room when Braby said, " stop a bit, who's your second?" Pie cast his eyes round the room, and then on Braby, saying " I see no alternative but to ask you to do me that favour 1" " Eemember I have said, and say your cause is bad. I should only accept under protest, so if you happen to make too good a shot it will go very hard with you ! Still I see nothing else for it — so all right — I will be your second." Tremaddock thanked him, but not very cordially. " It's my opinion that young man will see reason better by daylight," said Braby, when he was gone. " He looked as if sentence of death was being passed upon him when we came to the settling point." Next morning we were none of us any earlier than usual, for Braby's confidential man, who, to avoid alarming the household, was charged to call us all at half-past five, on being commanded at that hour to see if Mr. Tremaddock was stirring, reported that that gentleman had started an hour before to reach Huddleport in time for the six o'clock train. And how coolly Lady Theresa read a note from her son next morning at breakfast, begging to be excused for his abrupt disappearance — an express had come for him in the night. He had been called away on important electioneering business. And she too and Maud, she was sorry to say, would have to make their departure to day. Sir Marmaduke was not quite so well. And away trundled the Tremaddocks, with black heart-burnings and rage, and vexation under their smiles and kisses and civil speeches and cordial invitations to the Grange ; and with 382 EDITH CLABEL. all the old lady's caps and the young lady's bonnets lightly stowed away in shiny black boxes. And then Braby saw there was nothing to be done, and took Lord Charles away to Huddleport, and primed his lordship with that brilliant lecture on the harmonies of colour for the Huddleport Institute, which did not understand the science, and missed the covert political allusions ; though, to do Braby and the independent electors justice, Lord Charles muddled his points a good deal in the delivery. But the independent cheered lustily at the end, on the gratifying fact that "a scion of the noble house of Madderstock had come amongst them," being properly mentioned to them by the mayor who presided. And Braby took the opportunity of thanking " the worshipful mayor, for the kind manner in which he had presided," to gather up and let off his unexploded fireworks, and send all the company away in fits of laughter, which took the taste of their dreary hour out of their mouths. And Sir Trymley did die in spite of all his nine lives and all his time-serving political shifts; and his soul and body paired off on the great division of which death is the teller, whose lobby is the grave. Huddleport was in the market. A deputation of some of the ill-used Tory party, who had a pleasing recollection of the £1,400 spent on the purity principle, came over to Caercombe to " solicit their respected neighbour, Mr. Clarel, to allow himself to be put in nomination." And we over- persuaded him and fought his battle, and got him elected in spite of himself and Tremaddock, and Braby, and Mr. Hotblast, the profes- sional radical patriot, into the bargain. It is getting very late, my pet, and the moon is setting over the Eialto. CHAPTER XXII. "After all, dear, the most unintelligible part of our story, and which I have never quite been able to understand myself, is, why the wicked woman should have so cruelly deceived me when I appealed to her to confirm or deny Ambrose's accusations. What motive could she have. She h.ad received nothing but disinterested kindness from you." "She had made advances, which had been slighted. She had been jealous of you, both on Knyvett's account and perhaps a little on mine. She envied your happiness and wished to destroy it. Besides she was in real grief then. Angry with herself and her lovers, and all the world." " She certainly seemed so; but I thought you said her distress had been a mere pretence.'' " So it was at first when she came to me ; and so it was a month or two afterwards, when she managed to make me visit her during her EDITH CLAREL. 383 illness which was all fictitious. But when you saw her, her grief waS genuine enough. Then she had lost her real lover, Johnson; or rather the lover who really stood first in the disjointed ruin of her heart, for the poor abandoned creature had a heart, and the remains of a woman's nature, trampled down in the filthy confusion of her life." " The burden of her bitterest revilings in my interview with her, was the defection of her Walter, with which I could not see that I had anything to do. She seemed to take it for granted that I knew all her affairs as well as she unfortunately knew mine. And she was wicked enough to torture me with the supposition that such knowledge came directly from you, instead of its being wormed out of the traitor whom she seems to have twirled round her fingers most unaccountably. And she seemed to have had a kind of affection for him too, and a jealousy of me on his account, by what she said when she came to me in such distress with her final revelations. Her conduct in the whole affair seems inexplicable to me." " Naturally enough, in the same way as Knyvett's conduct seems inexplicable. Yet the ingenious crookedness of their folly shews they were neither of them deficient in intelligence. I think ive are both honest, however little we may be able to boast of our prudence. The moves and motives of these two are so difficult to track and account for, because they never condescended to follow the plain highway, and were always playing hide and seek among the thorny-tangled short-cuts of cunning. They wilfully adopted the second-best policy. Knyvett's abili- ties are certainly above the average, and he seemed to have more than ordinary knowledge of the world, yet he has allowed himself to be ruined by knaves and duped by worthless women, losing his friends, fortune, and reputation, with nothing to show for it. As to the woman who calls herself Mrs. Deveieux, poor Johnson (' her Walter'), who had the misfortune to have really loved her, told me a great deal about her in the Crimea — we lived in one tent. We were the Smith and Johnson who distinguished ourselves in the volunteer rifle-pits. His desolate and shameful love story is not fit for your ears. He was a man not base by nature, and he never could grow callous to the galling fetters of his bondage. He broke away from it twice. But he never ceased to think of her, sometimes with bitterness, much oftener with tenderness. He talked of his love as a thing of the past, but I think nothin