The Economist 1845-04-19: Vol 3 Iss 16

Total Page:16

File Type:pdf, Size:1020Kb

The Economist 1845-04-19: Vol 3 Iss 16 Sedii ok sek el rosea Yo el fe = 4K BE WAP A “2 d enenememmmnannnnelll _— The Erconanist, WEEKLY COMMERCIAL TIMES, And Bankers’ Gasette. A POLITICAL, LITERARY, AND GENERAL NEWSPAPER. | | Vol. III. No. 16. SATURDAY, APRIL 19, 1845. Price 6d. | 2 ———$———— | a | CONTENTS. seized and what we detain. To us the following passage in Mr Macaulay's speech puts the matter on its proper ground :— | “The honourable member for Shrewsbury told us, if we consented to the THe Portticat Economist: EPITOME OF NEWS cccscsssessesseeseserese S08 resist the claims of the various The Maynooth Grant—Sir Robert Tue ComMenciat TIMES: proposal, it would be {utterly impossible to Peel's Policy ..scoocreccecesceseseses SOT Weekly Corn Returns ......sseee 368 sects of this country—the Wesleyan Methodists, for instance. But are the | The Brazilian Export Trade ...... $58 Flax and Linen Markets........+00 368 cases analogous—have they the slightest resemblance? There are The Auction Duties on Colonial Liverpoo] Markets....c.cscscsceseeees . 369 16,000,000 inhabitants in England, and of these 1,300,000 are Wesleyan and Foreign Produce—Specula- Butter and Cheese Trade . 369 Methodists. But add to these all the other English dissenters, and would tion and Restrictions on Trade 359 Weekly Summary ...... f they approach the case of the Catholics of Ireland? Suppose the endow- Currency and Banking (Article Indigo Sales ....sess0+ 16 VII) ccccceccccccccccsccccccccceces cvcces 360 Foreign Markets....cccccccccscccesoeese 370 ments left to John Wesley, for the use of the Wesleyan clergy, had been IMPERIAL PARLIAMENT vccccccsecssceseee BOL | THE GAZETTE csccccccscceccsccsccscsecsenee Oth taken away by parliament, and vested in the Church of Eagland, and that Parliamentary Papers ........0....6. 365 | Imports, Exports, XC. ...ccececceeoreeeseee 372 the Wesleyan Methodists came to parliament for an annual grant of | Court and AristOcracy «.+escceeeee «» 365 | Weekly Prices Current.......0-.sseeeeeeee 373 26,0007 for a college. Bring me such a case, and I will give to it my best { Metropolis . pecoeees cccezecs SOS FT PRABEWV AGS ccececconcnccevencococesvese . 374 consideration. But no, there is not such a casein England; there is not *rovinecial .. soosseeee 365 | THE BANKERS’ GAZETTE: such acase in the whole world. (Cheers.) How could there be? It could Scotland oseccocerccrcccccsccessececscesccscecee SOG Weekly Account of the Bank...... 375 Foreign and Colonial c.scscscecseeseees 366 Money Market .....cccccssesssesesevee S70 not be in England; it would be impossible ; it could not be in France, nor Public AMUSEMENES,.....cccccereecereesene 366 The Bankers’ Price Current ...... 376 could it be in Prussia, It could only be in the case of a country in one CORRESPONDENCE AND ANSWERS: Conts Mattsethenececveecevccecsnsescceccccceces STF peculiar condition—and what I am about to mention reconciles me to the The Maynooth Grant .......sce0+e08 367 | Provision Markets... ...sc.ceesseeseeceseeeee O77 course | am about to take in voting for this bill, and so imposing upon POSTSCRIPT . ° . +» 367 | ADVERTISEMENTS « 378 England the support of a Catholic institution in Ireland—it could only be in the case of a weaker country connected with a more powerful country which has abused its power, and which has enabled the minority to triumph over the majority. (Great cheering.) Nowhere but in Ircland could exist THE POLITICAL ECONOMIST. such a state of things as this—never but in the peculiar condition I have indicated could or would such things be. Therefore, while this government endowment exists, | do not conceive it is open to me, however generally I might hold to the authority of what is called the voluntary principle, to THE MAYNOOTH GRANT—SIR ROBERT PEEL'S meet the Irish, when they ask me for a grant of 20,000/ for the education of their priesthood, and say, * l am on principle wren to you, because I POLICY. am against all grants from the state to an established church.’ I will not Tur discussion, on the proposition of the Government to increase now enter into the argument, as I before said, relating to the proper source from which the grant which is proposed should be derived. To-night our the annual grant to the college of Maynooth has now continued business is to settle what sum shall be given—whence it shall come, will be more than a week, and it is even doubtful if a division will take for a future discussion.” place this (Friday) night. There is no doubt that the second Of all the wrongs that we committed against Ireland, none reading will be carried by a large majority. It is, however, less was so serious, none so severe, none has so well outlived certain what the fate of the bill may be in its future stages. The*| time, and run through generations without bating one tittle opposition to it during the week len increased in violence, and of its original ruthlessness and rancour, as the seizure of all has been such as could not have been anticipated. To our view that was solid and tangible of her Church—of all but that of the question the speech of Mr Macaulay expresses the whole which was invisible, immaterial, and embodied only in a matter in a perfect oak irresistible form; and not in the slightest strong and revengeful consciousness of a persecuted faith. We degree less so to those who adhere to the voluntary principle. We seized her magnificent temples of worship, her richly endowed freely expressed our own views on the subject in our number of colleges, her revenue of seven hundred thousand a year, and the the 5th instant, and no argument that we have since seen used in legislature has dealt with and distributed that property in its own ; the House, or in the country, has tended to weaken that view, but way. And after this, when it is proposed to vote 27,000/ (about all rather to confirm it. the private income of four Irish Protestant Prelates) a year, for As a general principle, we believe state endowment to any re- the education of the priests of that whole people whom we all ligious body to be injurious to the best interests of the religion it admit we have wronged, it is surely no fair way to meet the professes to support. And we believe, for the best interests of | demand for a little restitution, for this “ penny in the pound,” by Bs Ireland, and the Catholics in particular, that the worst thing we pleading the voluntary principle. In what does justice to Ireland could do would be to render the priests independent of their consist, if seven-eighths of the eople are to be debarred and flocks. Such a change could not fail to convert the priest, in the separated from the chief rights of which they were deprived, and, course of time, to be a mere instrument in the hands of a govern- without the means of educating their own priests in the humblest ment, little mindful of the popular will or the popular wants; way, are forced to support those of a church imposed upon them. and would only tend to raise up anotber class of esudinenh priests, At the same time, fully admitting our duty to Ireland, we in whom the people would repose their confidence, and who, by cannot overlook the duty we owe to all parties in England. As their more zealous and necessitous attention to the interests of a question between England and Ireland, we look at the proposi- their people, would supersede the regular priest altogether. tion as one of simple duty. But as a question for the English _ Moreover, as a general principle, we are perfectly agreed in the Parliament we look upon it, and not the less importantly, as one injustice as well as the impolicy of taxing one portion of the com- of the means by which the duty is to be performed. England munity to support the religious establishments of another party, owes to Ireland the act—England owes to herself how the act and this altogether withont any consideration of the error or the is to be performed. And while we see with satisfaction the great truth of the tenets so supported. But holding these views as we proportion of the opposition, supporting the act to Ireland, it is do, we cannot shut our eyes to the fact that the case under consi- REPRE. + with no less satisfaction that we know that they will as unani- deration cannot with any fairness be viewed in this light. To us mously vote for the means being taken from the legitimate Ireland seems to be a great exception, which removes her from all source—the surplus revenue of the Irish Church. Sir Robert such general rules. Ireland and wrong, have become almost Peel will be beholden to the opposition to enable him to carry Synonymous terms. Irish Catholics, and usurpation, and confis- this little instalment of justice to Ireland. Sir Robert Peel will be cation, and persecution, are all terms among which the greatest beholden to his own party to enable him to extract the means unity of association exists in the history of the last century. The from the English Sacheeue All that is good and just in the rallying point of all that was good and liberal in England, for the measure will be carried by the liberal party coming to the aid of last fifty years, has been found in an admission of those wrongs, the Minister. All that is unjust and objectionable in the way of and in the ery of “justice to Ireland.” To appreciate, to under- doing it will be accomplished, by the Minister's own party oe Stand, what is justice to Ireland, it is needful to inquire what has coming to his assistance.
Recommended publications
  • Whitehall, April^8-, 1842;
    Hicks, Walter Anderson Peacock, Robert West- Venables, Josia.h, Wilson, Alfred Wils.cm, . wood, Thomas Quested Finqis, James, Ranishaw, Lea Wilson, Edward Lawford, Peter Laurie, Edward William Stevens, John Atkinson, James Southby Wilson, Richard Lea Wilson, Robert Ellis, William Bridge, John Brown, Edward Godson, Thomas Peters, James Walkinshaw, Joseph Somes, jun., Pewtress, Joshua Thomas Bedford, Henry John Samuel Gregson, William Hughes Hughes, jun., Eltnes, John William tipss, William Muddel), Henry Alexander Rogers, George Magnay, John Master- Prichard, Benjamin Stubbing, Henry Smith, man, jun., Daniel Mildred, Frederick Mildred, John. • Thomas Watkins, and George Wright, Esqi's., Meek Britten, Richard Lambert Jones, David Wij- Deputies of • the city of London, and the liams Wire, Charles Pearson, Thomas Saunder?, and. Deputies thereof for the time being ; John Garratt, James Cosmo Melville, Esqrs. Edward Tickner, Robert Williams, James Brogden, and Stephen Edward Thornton, Esqis., Sir Thomas Neave, Bart., Jeremiah Olive, Jeremiah Harman, ' Isaac Solly, Andrew Loughnan, Abel Chapman, Whitehall, April 25, 1842. Cornelius Buller, Wilj'mm Ward, and Melvil Wilson, . Esqrs,, Sir John Henry Felly, Bart., William Cotton, .The Queen has been graciously pleased, 'np'-n Robert Barclay, Edward Henry Chapman, Henry the nomination of his Grace the Duke of NorioJk, Davidson, Charles Pasr.oe Grenfell, Abel Lewes Earl Marshaland Hereditary Marshal of England,. Gower, Thomson Hankey, junr., John Oliver to appoint Edward Howard Gibbon, Esq. Moworay. Hanson, John Benjamin Heath, Kirkman Daniel Herald of Arms Extraordinary. • Hodgson, Charles Frederick Hiith, Alfred Latham, James Malcolmson, • Jauies Morris, Sheffield .Neave, George Warde. Norman, John .Horsley Palmer, James Pattison, • Christopher Pearse, Henry James Foreign-Office, May, 2, 1842: , Prescdtt, and Charles Pole, Esqrs., Sir John Rae Read, Bart., William R.
    [Show full text]
  • Institutions, Events and Theory: a Comparison of the Monetary Policy Reforms of 1844/45 in England and Sweden. Lobell, Håkan
    Institutions, Events and Theory: A Comparison of the Monetary Policy Reforms of 1844/45 in England and Sweden. Lobell, Håkan Published in: Social Science Spectrum 2018 Document Version: Förlagets slutgiltiga version Link to publication Citation for published version (APA): Lobell, H. (2018). Institutions, Events and Theory: A Comparison of the Monetary Policy Reforms of 1844/45 in England and Sweden. Social Science Spectrum, 4(4), 165-178. Total number of authors: 1 General rights Unless other specific re-use rights are stated the following general rights apply: Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal Read more about Creative commons licenses: https://creativecommons.org/licenses/ Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. LUND UNIVERSITY PO Box 117 221 00 Lund +46 46-222 00 00 Social Science Spectrum ISSN 2454-2806 Vol. 4, No. 4, December 2018, pp. 165-178 Institutions, Events and Theory: A Comparison of the Monetary Policy Reforms of 1844/45 in England and Sweden.1 Håkan Lobell* Abstract The paper analyses the role of ideas, past experience and crises in the process leading to theoretical and political disputes and the changes of monetary and banking policy in Sweden in 1844/45.
    [Show full text]
  • General Cash Book Office
    46 POST OFFICE LONDON (1852. John Chapman (supernumerary), James Douglas Dove, Thomas Robert11, John Lttson, Henry Boek, Charles Bladen Ruspini, Brooking Soady,GeorgeWilHam Dowton Thomat Whitmell, John Tilhury, Joseph Stennett, John & Franci• Alfred Hawker, eflqrs Conder, Thoma9 Slater, William Ricbter, John Wood Ju'niur Ezaminerr, William Henry Rudlin, John Howard Deane, llenry Hogben, John Cann, John Brarlsbaw, Kyan, James George Tayler, William V ere Aleton, George James C11mbers, Samuel Leigb; John Pewtner, Henry Blonnt, Tbomas Steward, Philip .Alexander Hughes, Wright, David Hyett, John Ferrabv, Robet't Farmer Richard Tbomas Swinnerton Dyer, Thomag Clifton, Bulliatl Office, William Debonaire Hagg-ard Richard Barnwell Vaughan, William Sargeot, esqrs. ; First InTel(er,John Price; l<'irstOutTeller, John Ricb&rd Hon. Henry George Roper Cnrzon, Charles Augnste De Baker Valmer, William Mostyn, Charles Mallet, Thomas. Francis Issue Office, Nathaniel John Jerwood De Fonblanque, Montague Markby, Waiter Carew Cocks, First Inspector, James Payna Charles Osborne, Hay Cooper, Henry Bentick Arber, Post Bill Office, Eliward Rob8on Robert Salkeld, William Coker Godson, Henry Treherne, Drawing O.fficefor Private Accounts, James Pal mer Henry Charles Maclean (supernumerary), Robert Wil­ Drawing Office for Public Accounts, Thomas Hodgkinson liam Coo m bs, Arthur J ohn:Bowdler Good wyn, John Owen, Di.!count Office, John Green Elsey Ramsay Hamilton Cooper. Charles Franeis Elliott & Bill Office, John William Brooks Nathaniel Tron~hton,esqrs Branch Bank
    [Show full text]
  • The London Gazette, December 8, 1871. 5519
    THE LONDON GAZETTE, DECEMBER 8, 1871. 5519 of the,city of London:; Benjamin Scott, Esquire, Laurence Peel, Knight; William H^nry Chicheley Chamberlain of the city of London, and. the Plowden, 'Esquire, William Dent, Esquire, Sir Chamberlain of the.said city for the time.=being'; Dudlev Coutts Mnrjoribanks, Baronet, Charles Frederick Woodthorpe, Esquire, Town Clerk of John. Manning, Esquire, Charles John Baker, the city, of London, and the Town Clerk, of the Esquire, James Whatman Bosanquet, Esquire, said city for the time being; Thomas Chambers, •Henry- Lannoy Hunter, Esquire, John Iltid Esquire, Common Serjeant of the city of London, 'Nicboil, Esquire, Thomas Henry Allen Poynder, and the Common Serjeant of the said city for the Esquire,, Henry Vigne, Esquire, William Pole, time being ; William Hawtrey, Esquire, Frederick Esquire,. Henry Jeffreys Bushby, Esquire, and Farrar, Esquire, Thomas Henry Fry, Esquire, John.TSTev.ille Warren, Esquire; Baron Lionel de William Jones, Esquire, Henry de Jersey, Esquire, Rothschild, Baron Nathan de Rothschild, and Sir Blomfield Burnell, Esquire, John Hawkins Elliott, Moses Montefiore, Baronet; George Carr, Baron .Esquire,. Thomas White, Esquire, Charles Reed, Wolverton; Jonathan Muckleston Key, Esquire; Esquire, John Malcolm, Esquire, William Tegg, Sir William Henry Poland, Knight, Thomas Esquire, .Samuel Elliott Atkins,. Esquire, John Alers- Hankey, Esquire, Edward Tyrrell, Esquire, Banister, Esquire, James .Butcher, Esquire, William-Croft, Esquire, John Alexander Hankey, Thomas Webber, Esquire, Robert
    [Show full text]
  • Churchyard Inscriptions of the City of London, 1910, Percy C. Rushen
    THE CHURCHYARD INSCRIPTIONS OF THE CITY OF LONDON. TRANSCRIBED AND ABSTRACTED PERCY C RUSHEN. London : Phillimore & Co., Ltd., 124 Chancery Lane. 1910. For more information about this document, visit... http://www.interment.net/data/eng/greater-london/churchyard-inscriptions-london/index.htm 1357310 INTRODUCTION. Some years ago the writer was impressed with the rapid rate of disappearance of the externally situated memorial in- scriptions in the City of London to its dead citizens. This has been due to two main causes, viz. : the action of the atmospheric elements and the sacrilegists who, while believing- themselves Christians, think that, by statute, consecration may be undone and that that which has been dedicated to God may well be allocated to the mundane purposes of street widening and office building. On the whole the latter cause has effected the greater destruction^ for it must be remem- bered that the custom of erecting memorials over the graves of the dead, when buried outside the church, is of com- paratively recent favour, and the sordid tampering with consecrated ground has taken place in this city rather extensively from time to time since the custom referred to has been favoured. However, at the time the writer's mind was moved on the subject, the greater destructive influence was that of atmospheric conditions, for in recent years very few street alterations, etc., necessitating obliteration of consecrated ground have been carried out, and in the absence of this, public feeling has of late been strongly inclined to retention of all open spaces for hygienic reasons. The latter has, in fact, been carried to such an extent that in many cases the ground has been laid out for public use as For more information about this document, visit..
    [Show full text]
  • The Bank of England: a Socio-Economic Inquiry Into Private Money Creation, Public Debt Financing and the Long Run Implications for Inequality in Britain and Beyond
    Faculty of Business, Law and Arts Business School University of Southampton University of Southampton The Bank of England: A Socio-Economic Inquiry into Private Money Creation, Public Debt Financing and the Long Run Implications for Inequality in Britain and beyond Thesis for the degree of Doctor of Philosophy October 2018 by Plamen Ivanov Page 1 of 265 Abstract UNIVERSITY OF SOUTHAMPTON FACULTY OF BUSINESS, LAW AND ARTS Business School Doctor of Philosophy THE BANK OF ENGLAND: A SOCIO-ECONOMIC INQUIRY INTO PRIVATE MONEY CREATION, PUBLIC DEBT FINANCING AND THE LONG RUN IMPLICATIONS FOR INEQUALITY IN BRITAIN AND BEYOND By Plamen Ivanov This socio-economic inquiry investigates the roots of inequality and how this scourge was woven in the social fabric with the design of the institutional framework of private money and public debt for the benefit of a tight group of institutional entrepreneurs. Thus, I first examine the founders of the Bank of England and contextualise their role in the erection of this key capitalist firm, making use of historical organisation studies in the explicating mode. I find that the well-honed official narrative about the founding fathers of the Bank of England (William Paterson, Charles Montagu and Michael Godfrey) disintegrates once Pikettian examination across time and space is conducted. By juxtaposing theory and empirical evidence, I show that the French Church community of Threadneedle Street is a better identifier behind its creation. In the next chapter, by adopting the same research framework in the narrating mode, I reason that the credit issuance denationalisation by this small faction of identifiable Whig entre- preneurs and concurrently the legitimisation of this new social order with the Bank of England as its focal point was the centrepiece of the institutional shift in the late 17th century.
    [Show full text]
  • Western Bank of London, 21, Hanover Square
    1857.] BANKING ADVERTISEMENTS. 409 LONDON AND WESTMINSTER BANK. SUBSCRIBED C.iPITAL, £5,000,000; PAID-UP CAPITAL, £1,000,000. DIRECTOBS. HENRY BOSANQUET, Esq. BoNAMY DOBREE, Jun., Esq. JOHN LEWIS RICARDO, Esq., M.P. HENRY BUCKLE, Esq. JOSEPH ESDAILE, Esq. DAVID SALOMONS, Esq., Alderman. JOHN GARRATT CATTLEY, Esq. CHARLES GIBBES, Esq. JOHN STEWART, Esq. THOMAS CHAPMAN, Esq.,, F.R.S. WILLIAM HAIGH, Esq. WILLIAM TITE, Esq., M.P., F.R.S. JAMES DENIS DE VITRE, Esq. GEORGE HANSON, Esq. JOSHUA WALKER, Esq. General Manager—JAMES WILLIAM GILBART, F.R.S. CITY OFFICE 41, Lothbury W.T. HENDERSON, Manager. WESTMINSTER BRANCH 1, St. James's Square J. W. WELDON, Manager. BLOOMSBURY BRANCH 214, High Holbom WILLIAM EWINGS, Manager. SOUTHAVARK BRANCH 3, Wdlington Street, Borough H. WITHERS, Manager. EASTERN BRANCH 87, High Street, AATiitechapd W. D. ASPERNE, Manager. ST. MARYLEBONE BRANCH 4, Stratford Place, Oxford Street GEORGE M. MITCHELL, Manager. TEMPLE BAR BRANCH 217, Strand CHARLES WARD, Manager. Secretary—HENRY T. FAIRLAND. Current Accounts are received on the same principles as those observed by the London Bankers. No Christmas Boxes or other gratuities are allowed to be taken by the Officer^ of the Bank. The Bank takes the agency of Joint Stock Banks, Private Bankers, and other parties residing at a distance. Cheques on Penny Stamps may be drawn from any place in the United Kingdom. Strong rooms are provided for the security of Deeds and other Property lodged by the customers of the Bank. Sums of £10 and upwards are received on Deposit, at a rate of interest to be fixed at the time, and they are repayable upon demand, without notice.
    [Show full text]