Atlas (Newspaper) - May 1, 1847, London, Middlesex No. 1,094, Vol. THE SHADOWS OF A Thb proposal of the Chancellor of the Exchequer to lend 620,000^. to certain selected Irish railways Great the Waterford and and the Dublin and is seen in the city to be open to objections precisely similar to those which operated against the more extensive scheme of Lord George principle in both cases being the and the difference being merely one of The objection to the plan of Lord George Bentinck was not founded on any mere matter of such as the amount which might have been paid up by the or whether they were in a condition to borrow according to the terms of their existing but upon the broad principle that it is inexpedient for a Government to assume the character of a money and that this is more especially the case when it interferes with the regular value of that commodity by letting it out upon terms below its current Neither the railways above nor any others with a respectable will at any time find difficulty in raising money in the open market if they arc prepared to submit to the same terms as those to which every other as well as every man in is compelled to the payment of such rate of interest as the nature of the security appears to Brought to these it is probable that the Irish which it is now proposed to assist with money at 6 per would probably find themselves compelled to offer 16 per but It is to see any hardship in this which can any more than other parties who are now a pressure for to Government The upon this proposition has had the advantage of leading to a debate on our general financial in which the Chancellor has spoken in plain and useful terms of the error of the Bank of England in pursuing the very course which on a minor he proposes in favour of Irish The great charge against the Bank is instead of regulating the rate for their advances to the public on the plain of supply and they have improperly with the of and promoted a false idea of by parting with it at a rate far lower than what the state of the market should have led them to the being suddenly taken by surprise when the power of this vicious is brought to a and when the real state of affairs is made The main principle ia the fiame both m. their and in that the Chancellor of the When the Chancellor of the Exchequer early in the session stood his ground so stoutly at the gate of the Imperial against a rash of we certainly did not gather from anything he then dropped that he was likely to concede tiM question of assistance to Irish railroads after so brief Once begin to reward and there is an end of that peace and stability procured by an absolute negative to unreasonable On every if it is wise now to begin say for it is utterly impossible to foresee the have been far more and even more to announce the intention of a loan at the earliest possible in the debate upon Lord George Bentinck's The of honour demands On a distinct of the Ministerial certain capitalists were induced to undertake a very large loan tb Mad the loan been ten millions instead of or had there been an avowed probability of further loans for extraordinary purposes in the course we presume the terms would not have been quite so The definitive character of the arrangement was the chief thing in its There are elements of uncertainty and distrust enough to discourage the boldest and distract most without the aggravation of instability in the financial plans of the Deeming that all was right in this and considerably reassured oy the fate of the 16,000,000/. the above gentlemen offered terms rather above the expectation of the and of the Minister The result shows that they made a very bad on Tuesday left off 3^ to J We will leave to the authorities of the money market the privilege or the pain of prognosticating how much lower scrip may fall before all the instalments of the loan are As for the other bearings of this loan of 620,000/., we know not what we can say more than that everything that has passed since the disposal of Lord G. Bentinck's proposition has only made all reasonable men wonder how it could ever have been seriously The Irish railways want so do all the whether English or The Irish railways cannot get money at ordinary nor can English We do not ask why the employer of five hundred men in Lancashire is to be denied a relief given to the of five hundred men in the county of though we might urge that far more depended on the maintenance of a regular than on the completion of an occasional We do not ask relief for but we Why is the English manufacturer or whether he is a holder of railway shares or to find the and the banker rendered deaf to his applications for by a new drain of money and resources for the relief of Irish speculators Depend on the operation cannot last long. It must soon work itself England is the golden and Ireland for a good long time has had the benefit of its tedious These huge loans are as good as kUling the productive animal at We cannot go on for ever impoverishing the industrious to nourish the and depriving prudence of its prizes to throw them away on the England and Ireland will soon be all in one We come to it England is burning at both T poverty in and in England as It sends over and receives back the Aa long as trade and credit shall hold we can to do but should the crash once many a fail A large town in this itself and its own are sending to NATIONAL ' Morning of Commons cannot public The pressed in favour footing with other and respect of the tions that have been intelligent other religious establish in the matter The to fight for from day to more in that st hopeless one unless principle of The education measure worse than from the schools of fall ' ligious toleration V ' by the Ther that few from of the its own stre power of more and much of the to to be more The choice has is yet impe may be of the that irritation the 10^ ter of d6 inimil will will not be a thousand be and angry been the signed are v those on weight The I to receive has been oppi the mixed up tT so that the with the with any sole .It has exactly for the In no part oi than in bib not better into the zeal which suffered to cal way from which the majority of the ' gard to the ' took at February The deceased one precious life founder would reckoned no head of that that men during Beyond the factitious perishable The by no unloving of all the great M K the history saddest lessons of gigantic powers derided ancl f Early Scott was to enlighten and instruct he believed it was to found a family and to become a great landed To achieve the ignoble the poet and the novelist embarked the genius of a and the result is now before The family is ihe landed proprietor was a bankrupt in his that has read the life of Sir Walter but has wept at his and marvelled at the sacrifices heaped upon freely in furtherance of a low and earthly Heaven pointed one human frailty mighty amidst said the be the whispered the ' He lo the The small not the great he still continues The is the history of We cannot expressed or of and be We sinfully indulge a single and not be The spiritual and moral laws which regulate our ufe are as constant and invariable as any to be found in Had Scott not enlisted every and energy in his miserable aim at power and he 'm all have been alive He was a hale and man when the failure of the booksellers compelled hita those admirable and exertions which and killed That failure would have been nothing to the if the poet had not involved himself in trade in order the more rapidly to secure purpose which he had at for which he wrote and spirits of the wise sit in the clouds and mock that Scott bargained for at the outset of he possessed an instant before he quitted it. He cared not to be wished to be To be spoken of as the master prose and verse was if the term could not be with that of master of The dream was Money came in lands and The rose by and child after child secure lands and as the founder have in- the immediate possession of a Then as if to complete the fabric and to ensure the honours and titles fresh from the hand of Majesty Nothing aU was and yet nothing was The gift melted in the joy passed away in the With his on the step of the Scott His but Providence vras AH that asked was but only to show how vain are less than childish are misdirected Scott lived to see his his and in hands of the Jived to see his children - THE AND THE LIMITED ENLISTMENT was a singular that which the of Lords presented on of standing up in favour of reform in the army and introduction of limited whilst Lords Brougham Stanley stood up pertinaciously with all the old stagers any There were old gentlemen in France royaliste que le Lord Brougham professes to understand and interpret the true feeling of the Duke of than the Duke of Wellington Did he Brougham that the noble duke really approved Jqf he of course The duke might say he did approve but he could not believe it. Our army was the best its officers the best its soldiers the best soldiers in the they were incapable of So said though .md though he had eaten nothing since an early he determined to starve in to have a fling at Lord for all whose words and propositions Lord Brougham has a singular We cannot say that the Duke of Wellington displayed any great comprehensiveness of The chief anxiety of his and a very natural was for the old He that the carrying of the Sikh guns at could only have been done by old But he did not tell us he meant veterans who bad been under the fire of the enemy and were veterans in that or whether he meant those who had grown old merely in drills and To the latter species of old soldiers we should prefer even on entering a Some of the noble possess a great horror of recruiting the army from a. class than that at A probable influx of clerks seemed to affright But no reformer ever of recruiting from sudi a The object is to induce the sons of respectable peasants to enlist in the as they do in the thus making the military profession more We are to that we agree with the objectors to the in thinking that it will not effect this Nor do we think that it mil be possible to recruit from better unless the military career be made a profession to those who enter the as well as to those who gird themselves with a No rational youth at present will invest the best of in the He can only be betrayed to such a step by reckless conduct and or by that strong tendency to military life which and which constitutes the true It is this latter we would and it is not short enlistment that wiU encourage but the natural premiums of the As to the former the short enlistment wiU not enter into their calculations We the efficacy of the except the French and Prussian system be of passing greater numbers of the population through the and making of those who retire a reserve for the defence of the country in case of The Duke of Wellington is evidently adverse to any such and it has its Prussia is said at this moment to experience one of these inconveniences in an alarming It has entered into a period of great political Great pervade all The army is looked to to repress But the regular army is composed of recruits learning the use of whilst these boys
