HomeMy WebLinkAboutHuron Signal, 1849-09-27, Page 2i
mats eatesdiag man yards apes the 'hieing
gram of
grathe green lee. The kgure of the
ledtaidaal atm could not ase; fur a projee-
tem of the building, sufficient to comsat
him, bet sot to prevent his shadow free be-
ing revealed, laterrupted her vision. She
hesitated and trembled. If the shadow bad
moved sad disappeared, she could love ac•
emoted for it, by ,apposing that some of
the domestics hod ant yst retired to bed;
but why sboatd • man stand alone and
•tatioaary at that hour, in that place. in
that noontime i Her tram ran all upon
Wicket Howe, who was asver happy but
when ro her preemies or near her perdue;
and who had been on a former occaai,o, re-
ported by the servants to have lain and
slept under her window for en entire eight,
ani never left bis porition till the morning
sue exposrJ the doling lover to tl,e wonder-
ing eyes of the domestic., who had
yet felt • love that kept them awake for
more than • dreamy bour al cnckcruw. As
.he gem., sod beeualsd, her hour was pess-
ary, and bei lover would be among the
rrayseannee, waiting fur her. iter anaie
t y grew Intros.; *be feared to go, but shook
at the thoughts til disappointing Aim; novel
dreaming (on whispered tote) of herself.—
'The dgirrs still owed as rial•onary as a
grave -stone, while her soul was agitated
like She restless spirit that hovels over it,
sighing for the hour of departure to the re-
gions of ether. She could bear nn longer;
the projection whieh concealed him would
conceal her; she pled the furtive steps of
love; and, crossing like • fairy on the WOOD.
111, green knee le, the ruing lawn, has forth
storing the towering naks in •s Iittiiy, time
RS the shadow of a passing cloud would
have taken to trail its dingy traces over the
ahining Ire.
Conllnurd in our next.
europen.
New BIawnrnoe in Cawata.-•This 'Roe.
Ernest Hawkins B. D., 'fellow -of Exeter
College, Oxford, has left England. on the
suggestion of the Society for the Propaga.
tion of the Gospel in Foreign Parte, with
view to the promotion of the society's ob-
jets in (omni., and alms to mike the ns-
eesaary arrangements for the erection of
another t-pt.copal .ee era that portion of our
colonial poseeioirn.. The diocese of To-
ronto ;Coned% Went) covers an extent of
country twice as large as all the dioceses
of England pat together, containing up-
w•rJe of 100,000 square miles, with a pop-
ulation of '700,000 souk. There are nine-
ty-seven tnesstnnanea in the diocese in con-
nexion with the Prnpagatio• Society, as
well as many others who are maintained out
'or miens resourees. The Bishop of Mon-
treal, who administers also the diocese of
Qiteeec, has earnestly urpel upon the soci-
ety, the need of a divisron of h'e diocese,
which comprises 200,000 ,quare miles, and
• population of 800,000 soul., A centres.
of the Lower Province was taken in the
year 1831, and the following ie the general
result according to the religious claeeiica-
tios of the iahabitanis. Chinch of Rome,
408,472; Church of England, 34,620; Church
of Scotland, 15,0(,9 ; Mothodiete, 7019 ;
Presbyter an congregation•, 7811 ; Baptists,
9461 ; Jews, 107 ; other denominations,
6677. The number at t''• last census,
namely in 1847, was '782,67-7. The 'oral.
number of clergy at this period, in the same
division of the province, was 36, of whom
12 were paid wtiofr, anJ 6 in part, by the
• L o the Propagation o f 1.
Boers for Pr paZai n f he Grope
The clergy at the present time amount to
87, and the proportion of the clergy to d •
Church of England population, which, eigh-
teen years ago, was rather mere than 1 le
1000, is now as Ito 600. it is now•inten-
ded to ■dd another to the two dioceses of
which Canada is composed, and • biehop'e
woo will be erected at Quebec •v well as at
Montreal. 1t is expected that the first' ap-
pointment to the new bishopric will be con-
ferred on the Reit, Isaac Ii.11muth, M. A.,
Professor of Hebrew and Rabbinical Litera•
lure at Bishop's College, Leonoxyille, in the
diece. of Montreal. The Rev. Mt. "law -
kin. will return and make his report to the
snetety early in November—European
now.
dreamy air, sad touched moth'sg soul •
plate of • meringues • la creme" was placed
under bra eye. At the sight of flit. Jauty
his brow cleared and bis drew the pats to
ward bim, examined it witb a look of appe-
tite, and then suddenly began to tub bus
hands with the cream and lather his whole
face with it. This act of deremosomht
struck with stapor bis guests and his tearful
wife, wbo in tastily rendered all possible
case to the wfferer. A physician was call-
ed, and all present were besought to keep
secret • bat after all may only be so aecI-
csutal and temporary oberratina. But w a
secret possible now • Jaye 7 Thies o0• has
gut out like all tho rest. In spite of the
"reepectab,hty" of the dtawino ruums la
which 1 bare gathered the report, 1 prefer
to doubt its authenticity. The insanity of
Lamartine would be not °0'y a nnsfortuoe,
but a sort of dethrone, for retire humanity,
struck to one of the most adouraLle illustra-
tion,. Every intelligence weu1J inline to
u,istrust itself, and would feel itself to some
sort shaken by the fall of Lamanine.
ONE DAY LATER FROM EUROPE.
• Loam., Sept. 1, 1(149.
Comern has capitulated. The Asturias Min-
siter of War catered the fortress an the 95th.—
The Country of Wswig 1s entirely evacuated by
the Hunan's. Kossuth is said positively to
have left And for England oft the 11th ult., with
the Hungarian Crown jewels.
Panes, Friday Moraiog.
The Permanent Committee Legieletivs As•
ninety met yesterday. Geo. Chargar.ier at-
tended the Committee yesterday, sod gave (Ivo
Lewaanra.—Amnng the aeveresemonle
which figure to the Paris popere for the last
two days, is one which causes great regret
In France, and will cause regret elsewhere.
M. de',m eartine, though known to us only
as one of the glories of France, and one of
the heroes of the revelation of February,
by been in fact. one of the Bret victims.—
He is completely rowed : en.l after making
aortal almost as great se those of our own
• Sir Walter Scott to sate his patrimony, e1
is at length to he inevitably consigned to
the auctioneer's hammer. Amongst t1.e
reales d'fntlneu&fes of the Paris papers is to
be seen, A venire les Terre d. Mily. apperle-
slan/ a .11. de I.nawr/i ir, 4•c. This re the
place whore M. de Lamartine was born,—
where he passed his earliest years, amt
which he bas immortal zed in hie "Confi
donee." Al ane time it was thought that
the place could be saved. Oise of the
principal publishers of Pau agreed to pay
o6the whnlo of the debts affecting the
property ; IIi. de Lamartone agreeing to re-
turn to supply the publisher in q neatioe
with a certain nnmitcr of vo'umne. The •r
rangement was competed, the money was
about to be paid down when the revolution
of February occurred. The pnbltshernffer-
ed to keep his bargain, but informed M. de
Lamartine that in doing so he ehonll be
irretrievably ruined, upon which M. de In
marline at once taro rep the bond. The
debts continue ag greet as they were before
the revolution, while the value of properly
has been greatly Junin+e'.nd. Creditors are
clamnrm., and, to .h v 'Inc place mast ►e
sold for whatever it will fetch, and that will
not be nearly the amount of the debts aS*4c-
ting it.
Lawaar..a lveays.—Mr- F. Gaellardet
writes sr follow. to the Courier des Etats
of this city. from whieh paper we tren.lste
for the Tribune. 11is letter is dated Paris,
August 16 :
Last week !if. de Lamartine LI 'gem
bled at hie table, several of h intim**.
(needs, borne leaving far the Ce te d'Or,—
where ho ha. offoreJ for .ale hu paternal
estate, which L•nnne dome s not permit hem
to retain. The author of the "Girapiests°
seemed atrnnet absent—minted, b t hie eel
Pre—occupation was easily Minim to the
hard ex rem�ty to which he wa redeee.i,
and to the ;Apical pans of an acute rhee-
rnatism wbic had prevented hie appearance
al the National Aeseinhl sine* hie election,
Tee !Beattie's. invalid took soup with bts
greets, and then caused himself to be serv-
e) with it three tomes more in • ieesssees,
as If be had nothing at all. After that, du-
ring the whole ripest he wore a sad and
rabic report of Par., which 1. perfectly tranquil.
Th. Cologne Goma. mentions the death of
the Greed Duke hitcher' of Aasuta. He died
of apoplexy.
Rosa.—It is sail there a no intenrinn of re-
ducing the ezpeditinnery army, and it was im-
possible to assign a period to the occupAtion of
Rome by the French.
The Tinges has received letters of the 23o1
from its correspondent at Naples. The city was
tra,pgatl. The new Cabinet was proceeding to
exhibit moderately (.here' principles, and a fair
prospect is heW out that the constitution will be
renewed as soon as the north of Ita'y and the
dominion rel the Pope were restored to a state
of tranquility The Kine ani the Pope were
expected at Naples from Gaeta, and the palace
at Purticia was heiog fitted up fin the reception
of the latter. The, Roman populace and the
French hoops were on excellent terms. The
officeradi, trot conceal their distrust of the Pon-
tifical Guteroment.
Provincial.
From 'be Mirro*
I.EITERS FROM REFORMATOR.
NL'w.Ra Vit.
Srfl,—The ton sources of productive
wealth are Capital and Labor: the fanner
being the accumulated rc.ults of the latter,
and by rad of which the latter is rendered
rcprodurtive. A burthen epee the free use
of capital is therefore e/burthen "min labor,
and the increase of national prosperity can
only bo Insured by allowing hull liberty to
the employment and working of these two
great agents. Whilst nobody is preptmed
to deny that an additeoe to the means of a
community is a benefit to that community,
much difference of opinion exists a3 to the
best method of promoting the accumulative
powers or the people. Sumo pretend that
Protection, or monopoly to a particular
class, is the only feasible plan: others assert
that the loss restricted is rimmerce, the
more pr.,fitable it is. I need ecarccly say
that I look neon the non-restrictiodiets as
the men on the aide of truth in this matter.
Ono of the acts which the Protectionist
party have plated upon the statute -book of
nearly every nation in the world, is 'the
U:ivar {.aw; and Cinade has shared the
rarhe fate ss the rest. Thio Law makes
criminal the taking of a greater rate of in-
terest tber. six per cent; and by its provi
Mune- render. that the higheit tate which
can. be legally obtained for the use of capi•
til. I shall devote this letter to a consider-
ation of the rank injustice of this enact-
ment.
Capital ie, as i have said, one great means
employed in the creation of increasing
wealth; and coexists of whatever can be re-
garded an exchangeable or productive pro-
perty. Thus, wheat- is, capital, money is
capital, mrd machinery is capital: labor is
also capital, but of • different description.
A man may possess more capital than he
can well employ; or may feel unwilling to
engage in the employment of it. He does
not al;ow It to remain idle, however; but
Inane it to another. Now in doing this he
looks for some remuneration to be pard by
the borrower; and the amount of that re-
ntuneratinn, which is interest, is liable to be
regulated by many varying circumstances.
If the borrower invests the capital so that
-he realizes a large profit be is able to pay a
great interest, or share of it, to -the lender:
if his profit is small, Atrix compelled td hake
the interest proportionably en, or derive but
'elle profit from iris bargain. When the
capital employed is anything but money,
this matter can be smile! between the bor-
rower and lenler; tut when it is money on-
ly, which ea tt.e mines-n5atIve of some-
thing elate, the law wept in and declares no
interest sh•tll exceed rex per cont. If the
rapnal t. land, (fur in me rtew lend.hould
nereg„rdod as ra,.rtat,) the rate of remnne-
raW.n may be one-teird of the prnduee.: If
money, it can only be the six per cent of the
am tent borrowed, whatever the benefits sc-
cruing. i will not purnue ilia point fur-
ther; but proceed to .how in how many
d-Ifcrrnt ways money, im capetal, may bo
affected, and how the rate of rntcrcat.hoold
consego'.tly vary. The most important
and prominent cause i, the amount of risk
to be ren, in et:Mueteng another %mt.b a
convertible sum. The borrower may hu
fickle; unlucky, expo.od to eztraordinery
h.z.trd, engaged in a precareous employ-
ment, or sebj'eted to some unf ammo mis_
fortune. Thesethenga all matte port of the
1 hairpin between the borrower and leerier;
hist the law sees none of them, and litter -
fetes with its fiat of sex p^r cent. Another
canoe affecting the rate of interest is the
length of time for which the sum is loaned.
If for a long reorient chances may occur for
better investment, but oho owner of the
money be unable to take aJ.antege of them,
becsu., hie ro;r•rty is already nominally
net of his possession: d I if. a short perind,
a J,IIScek,' of again loaning may be exps-
rionceJ. The !aw is blind to all Ibis; sol
gives ao wider at eerie then its six per
cent. A stagnouon of public credit may
come, and the borrower be brought suflt-
cleatly within its influence to become bank-
rupt. True risk meet be me:: bet the law
knows nothing n/ it, and thrusts forward
the ',diem six per cent. The burrower may
ovwlnde,e—etrp beyond the mark, an be
ruineJ. The reality, moat hares wearily
for mach probability : Lest the law interferes
still, Wer MA! breik out, an4 p-i!.lic
loan. be 10.1 , causing a scarcity of capital,
sttd its co:tserently increased value- The
7
man • be Iasi fir • lent pend esls.l•tes
epos such • cbsace; but the law laughs at
bee. Tbere are • tbouoasd things oeeer-
rtog, and likely to occur, every day, which
increase or diminish ibe amount of Boating
colonel: with such increase, or dimi•utiou
the rete of interest should ries and fall, and
does rise and fall, in spite of any law to the
coutrary. Whilst there are tbeee sumer•
esu causes for the el.ratioe of toterest,
there are others which operate to its fa11.—
Tbe diseagagemset of capital by the stop-
page of •..y particular breach of trade, •
prolific hareem, or • large payment on ac-
count of a public debt, tend to make money
mol• pl.nufuI, and its marketable value
less. The sudden cessation of • war, or
anything tending to an augmentation of
public security, after • period of insecurity,
has a eert.,us hearing upon the monster,
sliding -cent+.
Fixed rates of interest au unjust, seeing
Dist gooney is regulated by the same infiu-
entes as there which rule the buying and
selling of other things; and it is notorious
that the law is avoided by fraud mad cutin
sive dealing. Apart from the immorality
of this, Inc its disadvantages; for the man
who lents with an additional ri►k of legal
pro.eeuhue, will naturally enough mise the
vete of remuneration. Again: sock ellegal
transactions destroy that competition which
is se essential to the cheapening of any
saleable article. It is not every money-
lender who will violate the law; and such
must be content with the legal six per cent•
the qualms of these prepare victims for
others. The Usury Laws are confessedly
to preserve the burrower from extortion:
they really make Lim more liable to it. As
a man's neces.ety for • loan increaser, s0
the risk of the lender increases, the more •
man is prerseJ fur money, the lees likely it
be to be able to pay it hereafter. It newt
probable that the scrupulous capitalist will
extend aid to the needy, because he will not
run the ai!dueonal hazard at the low and
fixed rate; and the needy are therefore com-
pelled to wire.) the professed Usurer.—
Thus it will bo Been that the Law of Usury
creates difficulty instead of removing ft, and
exposes instead of protecting the borrower.
If a legislator wished to encourage the
trade of rascality, sod offer a premium for
extortion, he could not have hit upon a bet-
ter pian than a low fixed rate of ioterest•—
The Usury Law makes usurers, withdraws
competition in the lending of money, and
aide to the profit, of the person who is most
ingenious in concocting legal evasion. It
u scarcely necessary to stop to inquire how
this thing is done; fur every man who ha
been connected with business for ten years,
in Canada, is deep in all the mysteries of
borrowing and lending at • higher rate than
nor per cent.
1 have shown that this law is both unjust
•nddbsurd: let me now endeavor to explain
why it is remora. Canada is cursed with
a countless shoal of pettifogging lawyers,
who, having obtained a ainattering of legal
termr, are qualified to lighten the pockets
of all who are simple entreats to place them
within their reach. Numerous as are the
simpletons, they are not sufficiently so to
afford the means of living to all the black.
gownedfraternity; and the Usury Laws fall
in opportenely enough. The needy man
wants merits.; he rushes to bis "adviser;"
his " adviser"make!