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HomeMy WebLinkAboutThe Expositor, 1869-07-16, Page 24. 2 NOTICE TO ADVERliSERS, New alvertisements must be given in by. - . Wednesday noon. Ohanyes of Advertisements which are s ql'ally arranged for weekly changes . y Tuesday.noon. Changes of Advertisements, 'which are not specially arranged for vipekly changes, by Saturday mg -ht.' I - We cannot guarantee insertion unless the above be complied. with, BUSINESS Nom:T.—All acpounts for ad.- vertisim., and Jobbing must pnsitively be set- tled. Qu-arterly, on the 15th days of Mareh, June, September ancl Decemlr. The Official Patter of -the County. , FRIDAY, JULY 16, 1869. A CHANGE IN THE 1.,OtiAL LE- GISLATUREAn agitation is now in p odess favour- , . • • ing the ereation oftwo chambers in the Locall Covernment of Ontario. It is - arged thet one chamb,er is not sufficient to prevent hasty legislation such as that so frequently °fleeted by 'John Sanclfield. Had we two ehambers we , would at once interpose effective restraint, and in many ceses save the honor and reputation of Le Provinee.- On the other hand it is ar4ued that two chambers' would be expensive' and cam- berm's, that it would be' a mere aping of larger governments, a,*nd would not suit the pinpoee designed.' For one chamber to be pitted against the. other would be dangerous and Might lead to unpleasant aesults. 1 , We IliUSt confess vee have no syrnpa- \ thy -with those who in their zeal to get , . 1 office, lose sight)of public interest. \ Certeinly the. machinery:of Confedera- 1 - c tion is coraplicated enough already and Lo add unnecessarily to its complicati- ons would be to effect it harmonious - , , tvorkine- What we want now is sin"- i 0 i , plicity and cheapness coMpatible with efficiere If we have -silirplus- funds let us use them for pulblic improve- , _ , Ments .and not :for fatitening lazy, _ pampered hangers-on of the governnient. _Already oar resource s1 are near- ly- all. absorbed in carrying on the le-, i gislation of the 'country. 1 More than . .1 two thirdepf the entire revenue of the - I Dominion is coneumed ini paying .our national interest and public ' salaries. ; • And if we in Ontario beccene so regard- less of public interest as th encumber i ourselves with 'a miniaeure House of Lords we . would bp doing ourselves and , oue posterity_ a , positive . injury. Our sing -le, ehaneber has, ssle far, worked well. The legislation ob. the whole has been creditable, and -with the single- - exeeption of eheelematino a polttical, s" axe -grinder" we know of no advantag whatever that a double 'barreled Local • Legislature would confer upon. 6 Province Of Ont.:- w • . - 1 ' •DY cable despeetch we learn that a 1 -vote of censure wa,4 paesed by the Im- ... perhil Parliainent, -upthn tho Canadian Government for applecprieting the III- tercolonial Railway_ subldy to other . purposes than that originally desigtied; M. Rose boasted of his ability to refund 4 the mouey at a days notiee if required, and John A. .31c onald siood upon his - dignity and-indejend4nce vvher, cross- . - . examined, oy the lettpposttion or the point a few weeks'ago, -declaring that . - the Money was ours, we i paid: interest for it and had a perfect. right to do with • it as we saw fit._ ' Such tegic -wes. not 4 quite satisfactory to the Pritish Gotatrn, ment, although Sir W: k. Gladstone - _ , r prevailed upon the mover of the Vote 4 . . . 1 of censure to aithdraw it for aim time , being, Such miserable Shag as 0:4nee nadian financiers are '.compelled to adopt to make 'both ends meet do inot oommand the respect of their -best. I fri- ends in foteign coentries. We hope this will prove a warning again.st chi- canery ui the future. , THERE IS SOME SLIGHT grumbling as might be expected front some cf the Eagliela einigrante recently- settled in Canada. Being unaccustomed to 1 the labor peculiar to the ountry, and also expecting to be petted, because they were emigrants, they coMplain very un - j attly of the provisions Made for them. Euclid said once "'There is no Royal road to learning' Emigrants should know -thee is no easy way to wealth in Canada. Industry, hard -work snd per- serverance, are necessary to suceess, aeld if they.only setthemselves to fight out maufully their destiny they would' THE St AFORTH EXPOSITOR. ISA.LLO'WED LEGISLATION, The Imperial Parliament has disal- lowed the Legislation of the last session of the Ontario Legisletnre in the mat- ter of inereaeing the salary of judges. This will certainly be quite a reproof to the intrepid John San.dfield, whose willingness to bear all responsibility of this kind was so repeatedly urged Ja.st wintet. Despite the advice of Mr, Blake and the Opposition he would in- sist upon his own peculiar opinions il- lustrating the old saying that "Fools rush where. wise men feer to tread." This snuboing of tlie Peemier of On- tario might, howeve, be improved by our political wiseames did they see fit, for the 'general welfare of the Domini- on. The allowance made to the NO -v -a Seotians in contravention of the Con- federation Act of 1867, is evidently es unconstitutional as any special subsidy voted by john Sandffelcl to the Judge. Then why not get the -opinion of the Eaglish Crown officers on this point also, and thtis protect our co-nstitution from inroads, which if allowed will very soonalestroy its validity? Whatever may bethe result of Conefecleration it is quite evident that unless it is based upon soniethhi.g settled and tangible, it will be impesSible tomarry it out sue- sessfully. And if the Dominion, Go- . . vernment is to be allowed to tamper with it, to suit party purposes, it mutt very soon fall to piece. There is a limit to the people of the West. That limit may be exceecle,c1 ley unprincipled and practical politician S of the Joseph Hoe school. And though we I were ever so anxioua to -see the consolidation, of the British Colonies we could never • e coasent to our (min spoliation to bring it about. 1t is tine what the English. politician once said that the greatest as well as the mostisacred number in the arithmetic is number one, aril know- ing this we of the west must see that the lights of that number be 'faithfully protec Sect. OBITUARY. THE subject of this notice is Walt- er McMillan, of 4;IC'Killop, one of the Pioneers of Huron. District, who died. - • on Taesday last He came to this section of country' inthe prune of life and lived to the geod old age of seventy-four, when his end was accelerated by an accident. He, was .one of those men who do • immense. good for society in a' notipretentious manner; by well directed 'industry impreving the country while adding to his wealeh, and raising an intelligent Semily. The lengthening cif his life, was the increasing of the esteem in which he was held by his smighbours, ;end all with whom he came in contact; hence the unmistakable regret .manie feeted by his death, 111111=11111111MIWIW THE Hamilton Ti171.133 has a very scothing article on the political dodgers of the present day. a After alluding to the barefaced system of bribery by which they have maintained thenaselves iu power, and -the manner in which they have actually bought up a whole Pi oyince it concludes by asking :--- " Now what is the cure for all this I How shall this hulk that is rotten be- fore it has been fully lannehed be pre- served fi one utter disorganization ',I Th e only hope for its preeervation is a com- plete change of crew and commanders, and if that fail, a torch will complete the business. We see no prospect of either a happy or a safe voyage, under existing auspices, and if the heaven be reached at all, the present officers of the ship mest swiug at the° yard -arm." SPAIN. folloWiag article we believe to be such a genuine exPositionofthe pos- ition -of Spain, we recommend its care- ful perusal to our readers. - SPAIN is j U.St now halfway between a monarchy and a Republic, Will it ad- vance to Republicanism, or retogress to a monarchy? This is a momentous question, and one of vital import for her fntine prosperity. Never, surely was there so abnormal and so anomalous a case as that of a Regency appointed, not during the minoi ity of a recognized So verign, but because their is no Soverign to be recognized. Was there evera, more singular interregnum known in history? Under such peculiar cir- cumstances Spain can hardly be con- sidered as otherwise than virtually a Republic already ; for She is not, even nominally, a monarchy de •facto. The feet -which underlies the impoesibility some Gorman Court, and therefore alien in. race and language. It would be as easy for a favourite chief of the -army to eject such, a King, and rid himself of the ineumberance altogether, asi.t --Would be to -govern in his name, and much more efficacious, because while King Log remained oii the throne there Would always be a chance for name new favourite of the array to supplant the old one at the Palace, and get possession of the Royal authority and warranty for a, new coup d' etat. This is what the rival adventurers kept doing throughout lsabella's reign. But when a bold man, with the army at his back and call, can make himself actual dic- tator, he has a much better chance of maintaining, his positien for the teim of his natural life, because he can then deal with prospective competitors ac- cording to his own will, -without being hamperett and obstracted by the forms of the -court, Now a native functionary in the poi- cognized- as it deseivee. Yet this fact s of obtaining a King has not been re- ition of Serrano, besides that he - may is)of a significance which can hardlY -cannot be thus uncere oniously :dealt hiniself be presumably • man of ability be overrated, The trath is, that all wtth, any more than the President ot a •inapertial, spectators outside of Spain Racpublic, the •elect of the nation. clearly enough perceive, What all far Considering, therefore, that it was al - seeing Spa.niards feel and know, to wit) leged ' • ,at the advent of the Revolution, that monarchy is worn out in that coulee that tlete were no Republicans In try. • Monarchy has been. more tested Spain, and that since that time Repab- ia. Spain than almost any other country, Beaman-) has grown and developed itself and the inevitable copclusion is that it in a way that has astounded and alar - is a failure. T.flonarchy as a Oonttete med -its adversaries, it would seem that fact may be fairly said to be vatreeeent passing eveats are preparing the way in the nostrils of the Spanish nation, foe an ultimate Republie. The' Times although a majority of the Cortes have asserts that "the Kingdom without a voted forit theoretAcally and in the ab- King has been a,ccomplished --,", but the stract, .We use these terms because, facts point the other way, and seggest as a matter of fact, no King can be gotthe conclusion that the monarchy will Serrano will peobablymake an -exem- not be 'accomplished at all in the only plery Regent, whose function is neith- way possible, namely, by the establish- er to reign nee to govern, and Print, merit of a King of Spain. - who ts virtually prime Minister, and The form of a new Republic, in a Conamander-in-Chief of the army com- country which has been traditionary and bined, has every motive to vindicate almost to the last generation intensely the real rights. and liberties of the na- monarchical, is of course a very formid- tion on the one side, and promote the able difficulty in itself. And this is cause of order On the otherindeed one reason why the present con - The remarks of The Times, on the dition of affairs seems calculated to "situation" ere not a little remarkablesmooth the way for an ultimate Re - Our Contem.proary seems: to have dis-. public. When the Spaniards see : and covered that Spain "has once more re- know by experience that the repre- covered her old institution of a mon- sentatives of the nation, -with a native archy, ' by the interposition of a Rc- citizen at their head—no matter wheth- gency, "with the exception of the edie er he 'be called Regent or anything else flee she can probably wait." Aceording --govein the country well and main - to all app.earances she will have to Wait tain peace and order on the .one hand. long enough, , so long, indeed, that her and the national rights ancl. liberties on. ultimate transformation or 'development the other, what is the infallible On - into a Republic, in name as well as in elusion that must arise rn their naiads 1 substance and fact, would appear to be Are they not certain, to say to them - highly probable. What, in- effect, is seivee, "Why, we can manage our own Serrano, the Regent, if not a President affairs perfectly -well for ourselves appointed by tho Cortes for an indefi.n- without any King, and least .of all will ite time? Theee will be no -Court, 11°- we call in an alien and his inevitable itoyality, no anything in that which following of jobbers and infringets." goes to make up the idea of.amonarchy. When this is seen and felt, the Span - The country will be govereld by its lards will realize the fact that they representatives in the Cottes, just as if' have actually 'got the substance of a Spain were a Republic and Serrano its republic—that the republic, in short, President, ancl will thus get into the exists. de facto—and that all'elisputes a. - habit of dispensing with a crown and bout modes and forms arecomparatively scePtre. - ' idle. ,In this way Spain may settie Our ., readers may reraember that, itself into a republic in a way that the' when first the difficulty and delay in enemies of reai self-government little finding a monaech 'began, we pointed dreain of, jut as it has.been said that out that one palpabbe effect eould not England is in- fact a republic with Mon - fail to be seen in the nation growing archical forms and names. , The govern- a,caustomed to the absence of 4 King. ing power of Spain is even now the Ther a are, we took ,occasion to remark, Cortes or Parliament, elected by the neebative as well. as positive habits. people, with a .Spaniard of note at its The Cortes—that is,1 the Parliament of head called a Regent : and if this. is Spain—with Serrano as President un- not a republic in everything but the der the name of Regent, are likely to name we should like to know what it is govern With all the advantages, and "It is a kingdom without a King," -says without any of the clisanlvanteges, in- The Times ; yes, but se it -would -nave cidental to a monarchy and a court. been in the same degreeso far as re - The chief danger by which the pres- alities are concerned, if a, republic had ent transitionary 'provisional state is been nominallyproclaimed; and Serrano beset is the opening' afforded to an am- had been called President. —London, bitious and unscrupulous man, who Di ngland, -advertiser. might bane to be in the place men- . * pied by Prim, with the army at his back, to make a Coup d' etat and create himself dictator. But this danger would exist equally in the case of a monarchy; and even More so, and for obvions reasons. Aily.monarchy. that might now be set up in Spain would be; too new in itself, and too ranch discre- dited by the nistory .of . the old mon: archy which ,has just been overturned, and -the old dynaety lately ejected, to acquire any hold upon the affection of the nation as a whole. The new mon- arch would simply be the last edition of King ' Log, The chief of the army w‘buld be able in the future, as in the recent past, to use him merely as a tool and instraereent for the affectutation of his own ends. This iswhat the elaiefs of the army who succeesively made them- selves Prime Ministers of -Isabella the Pious had been doing throuhOut , ' the reign. Isabella was the scign of an ancient dynasty, to whom the Span- iards felt a strong loyal ty,until she contrived by her misconduct to forfeit it;• and therefore they -did not find it _expedient to dethrone her, and in her name, This is the cld artifice of bold adventurers in tbee service of week monarchs, and it has been found . to answer their purpos under the cirCum- stances . But there wouldbeito loyalty, .no attetchment, net old traxlitionnry feel- ingin favour of a lilevi dynasty-, fresh. THERE is something rotten in Den- mark. The charges brought against Reffenstein for embezzling public funas in the Receiver General's office sh ow s that, the circumlocution of that office and others in connection with it, Make' it somewhat difficult to trace out default- ers of this 'kind. A much simpler' method might 'be adopted, expense saved and matters be more efficiently attended to. We need an Oliverr Ctom- well to make a clear sweep of mahy of our publie, offices and by a vigorous system of reconstruction put iffaira in a more manageable and business like soan attain, to competence and aomfo rt. I condition. - 1 transplanted into Spain frem, probale:y, MONEY AND BANKING. To the Editor of the Expostor. . DEAR SIR. --Will you kindly allow me space to reply to the gentlemanly criticism of my article on Banking," by "Ontario," which appeared in yours of die 9th instant? If your correspondentt" Ontario" bad read my article more carefully than he appears to have done, he could not have failed to see that the purport of that article was not as he alleges, a pro- mise to present clearer views of the real merits of Mr. Roses' Bill, followed by an essay on the real nature of money," but that it commenced with a preliminary discourse on the nature and function of money, so as to aid US to judge more correctly of the merits, or deraerite of that Bill; and however unnecessary your elide may affect to - believe was my inquiry into the phi- losophy of money as a depart- ment of human knowledge with which he may be thoroughly conversant, yet / cannot betieve that the inquiry was altugether needless, seeing that money is a subject upon which very lose and vague ideas da prevail in the minds of nine tenths of mankind, and that it is impossible to understand the effects of Mr. Roses', or of any other Banking scheme unless guided by a knowledge of the principles of monetary icience. Banking is a. question most intimately related to the interests of the people • and is.what the people's repiesentatives are required to deliberate upon in th H alhot Legialetion ; and therefore it cannot be an unnecessary task to ex- plain principles which ought to unem- lie all Basekiime Legistition. Upon 1 o other groonde can I believe tha*my- ex- pcsition of the function of money was unnecessary, unless on that of pot pular ignorance being the most potent instrument of craft med politics. But to return to the subject of Rank- ingt-I beg to state that I did -not defend Mr.- Roses' Scheme in totof but the princit-Ae of the scheme so far as it re in - lated to ftking thefiteed capital of the country in. the forme of our national; public works, and the various sources of the public revenue to be the basisof a national currency ; ar d fum rtherore I advocated the .eateneiort of the same prineiple .so as to =clue is the fixed ca- pital of individual's, such as cultivated lands and other revenueable property to be the basis of our national currency, ; and that srich basis should be secured. ' by •bonds deposited with the govern- ment of the country. "Ontario" Dia iects to this idea and insists that the e national canency should be based on the flo rating capital of the country—a , difference, which without the smallest - shadow of reason he -paradoxically de- fines the former, as a "state of owing" and the lattee as a "state of having,'",— the former " .an, evidence of debt" and the latter ":an evidence of capital." Is a mortgage or bond on real estate, or on a revenuable -fixed capital an evi- dence of debt of the mortgages or bond holder, or of the money which is baeed on it 1 And the money bosed on the credit of the indivicheds who may ha.ve obtained aeBank discount of a paper 1 iromite, an evidt m.e of the capit I of himeelf, or of any one else? 4. Ontario'e'. statement, or argument if you choose, implies that it is ; and -yet if he had re- versed th 'attributes of the two schemes e,rt the trui th ould have been more evi- dent Ag, in his reference to the dee preciation of the American currency -.as containn ne the whole matter in a "nut- shell" is without any force as- an argu- ment; for, the " nutsh211" must be first brpleen, its kernal analyzed, the identity of the p,American svstem and the principle of the one. I advocate, or of that of Mr. .Rose, must be shown, and the modus operandi of that depre- dations explained before "Ontario" can establish his point. The American cureency is 'based on a credit upon tax- atiiin misfile- out of the increasing re-' sources of tht'e nation, which the unfor- tunate exigencies of the country in a state of rebellion drove the national government to have recourse to, and- hence the parallel cited. by , " Ontario" ‘ is imperfect at the start. But without justifying an extravagant drain upon the iesources of the country either by an irmmediate taxation, or by foestall: ing•the national revenue through go- vernment bonds,—a. course which I -em- phatically denounce.clin my former artie - die, yetwhen themagtnitudd of theresults which a currency;basecl on the national credit and to be redeemed by the future national revenuebn of the country abled. the American goveinnient to achieve, is duly considered, we are Constrained to admit the practability, and the policy of a system which basis the currency 011. , the national taxation when confined,to • the legatimete purpose& of government —a plan which has • been*recommended oy some of the most eminent writers of monetary science in Britain. In conclusion I gladly acknowledge • the fairness of " Ontario" in his state- ment of the difference between, the present system- advecated bv him, and advocated by niyeelf when lie says . that the present system bases ,the cur- rency upon the ( convertable) floating ,capital of the country, and mine upon its (revenuab/e)fiad capital. _Now it is evident that, my plan affoes the more tangible seculity tat billholders t for whereas, the plan he et dvecates. leaves billholdm.s at the, mercy of the mismanagement and speculative dis- honesty of directors in -making improper advances to customere or to themselves, having only the donble lia- ty of stockholders to fall back upon,. who may in the end prove to heaf sc men of straw", minef'would give the ' tangi- ble capital of stockholder:3, which had been pledged with the government for the sectnity of billholders to. fall 'beak upon, while his plan affords the mini,- taunt. of security to the public consistent with the maximum of profit to be reap- ed by the Bank, mine would afford the maximum of secur•ity to innocent bill- . holders consistent with legitimate busi- ness of the Bank, whose capital alone would sustain the effects of mismanega- remit, as it would improve through good management. Sir Henry Bawlison, who affects archwology has satistic/d himself, and is trying, to satisfy other people, that Babylon is the site of the Garden. of Eden. Moreover, he claims to *lave discovered public documents stored in Babylon, which prove the, Lout amd -Which "give an exact geographiesti description of the scene of nautes first disobedence."— IST 'ICI: MA SToir vtatisnat. I 4i THE 1-1111-1 at Clinton I ,ya procepsionof th Several speakers ad- ing. Mi. -11 Wrote came Irish Ohuvh Bill u d read Du iHAYING has coniruente -sifion. of tlif -country. '11i. heavy in .'inaost every e. ing D early,i or perhaps qui to GthoeNallo, ME —Our To, 131111 and ill, _Cash, have- Seaforth t411 pay their natie jvisit the t former ED 1 i other Sto-eland. May f leasant aid their -return . 1 WE wofild direct ti: e at readers to the notice inan of the opeilLing of the Go mar :Schoiel, . We- halm fo-r belieI 3ine,- that, -untie, merit of lilr. Preston, i best high ichools in the Pi Co siotinnotIjet tdancilai, tiiiinrinlagdet tering ree irtthereof. A cm ie.) 14T.-03). MODa manram d A Titlerson., NV1 lug in thd market house, position abet was taught o ti beneath tree lower 'rib.. diately attended:to by D we are p.1., sed to know t ixeiL TEre tkecnanics Int will be qened Tie Members !can secure tiel cation to the Secretary a weekelembership can appticati ti.to any memb naittee, o payment of on amount eaa.bles a person of about $400 worth -,of ter, abou4 one-fourth of o llont ' 'Am, Wineva_ ,. of W. awanosh, wri elate of s th int, of ha fair ape 4men of a four the Wh1' te Flint varie 5 feet 5 ' ches hi a this ext aordinal7 on ' finenes of the. varlet Ilinchlet o - Hullet, h - , . sample fleasanng- 5 Who ea send us a ME. linton lay followiasensible re to be ,selan in a few g villaga catch thistles, please p - owner aid g but if t.iniitted to go a great etriment toti. try. 4\ le ' have thistl enough*Pleat impor. TEMP tACE, LECTI.IR h- deliveredan setan e Lectnre in the oeuWed edayeevg, in t the Can laTemperance respec le attendance and w4 regret •that, permit is to give the luetrati tes, eloquent in terisifilect feeling. - Our , . Mr. jioltn: Gray, ehairm eulogiettO remarks eon course, *ad Rev, A. tist Ri1aster Closed th PretYet As Wil be seen by ment. Rev. J. Wild . far fam 'd Lecture "Bab Hall oi Pride-y.67g 0 rime14. knowledge the citiseeiis of ! Seafort . ding country, that 11 th him they will halt() e regretting it: The the theories advanci oommenels it, 'beyond, such. ,ellbrts. Thereis that A !Crowded essena, ticipaite 4111 the, intellect Bolin: HL7RO N o The Mowing etch in. .. the S. gricuitm place on1the farm of smith, aitty. , over being pesent.' Thirtee - chines ;were made, as1 St Geo!,ge, single t. Sh combin d ; -Jackson, Li' Roes Eianistown, co son, €Uasg�w Ate Co., Cr Bell, Pt. George, co E1or4, (0tflbifl6u -, Pat 1-11.11, sing:Sawyer, ed ; New Glen cOmbta , Mar . s leomeined ; T ham, ,lMIitehelI, - s. 'teere n ' t made in maker*, but in some The jukes were Iles buckle; and Willie '. ib, Pa. HagYa MeLeo iterson, ii 3 3rd, Pott agent.