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HomeMy WebLinkAboutThe Expositor, 1869-07-30, Page 2k• iE • 9 ,•F4. 'r 4•i. • 3 t i , . ' ftid F• ' - :e -tt!'- - • •--401-10140. AOVERTIStRO; `'; s' vertiset neittii" list be -0Wednesdanoon. Changes ofAd Wednesday tial erran for weekly; gbis M:�. ay' noon, , TIT �`F . _.t . Chan es`: �►dvertiee : '• . c`liai g -.Son denhnea ix the. s specially arrange. tot weekly ie` , K urea ?ni � -� t � ��L f 'the"ftio�t logical b 8f►t Y tg�ee =insertion use t � and reaso h with .- .' k !4,. c . ,::`.: above• be comp ed iISINF.SS No'ricz,---All' accciiints =.foie" - . to the 4irst. yr vertising and Jobbing must positively bs let. ' loVa%.ty of the oma tled Quarterly, on the 15th days ofMarch, . :.. Junt, Sep snbr Acid IcembeY; :- k,- we would ask, ho - ,�o. • w be associated with •It was admitted th. • itse The Offldial Paper of the .0 o e t*. ! sufficient in • ' ; c , ryiiig: out of his' ,his .release is'urged. – 4 ihe� to,colt! of his co j it, that, the un un FATIT2ItkolttAHON'S RELEI.a E• r �� p 1 •• outrage, upon a co Had .the release - of .feather Mc-:,ti�a+ed ley hiuia, can legit jotting of p ty -for being found r3'� : i R i• ng , them. Du' rig 'the f last s ssi � of Futliameht the: emater of Justice the Bain it�tdn but Ywy that ': which : le before mhds hb ns.► e � ron ' t 'tier* :psi reasons. is more t�ionstrqus thout •- debating- the Catholic hierarchy can their' loyalty • McMahon's - guilt i t his conuuct was f to warrant the sentence, but yet as a compliment to eligionists. How *pis hing of so gross an ntry, as that perpe- e a - compliment to ntryi . We fail to - f such a thing ; the aradox ; and every ic, must,, and will, insult and a libel, iment, eason should, con- n `that which is re- itizeni, be made - a s - or favors when r class 1 Loyalty, hich.,no good Gov of its subjects any-_ mmon, protection of n of a people have any good' Govern- rnest loyalty poss- and further, the ncedes the like, Is hecivil rights of the mmunity, but the us and fatal princi- ined in any form of hat involved in the hon, viz:—''Church fact that a church an influence in our set at defiance the were execution • of la and' justice, is a nee at their desire,and as to Mc- pomatter that shout engage the attention Patroit. every lover of equal Y rte, We cannot guarantee t • xp oox fix. ., 1 . FRIDAY, JULY 30, F86.r Mahon, being brought . about, -by ; a showing of a want of . evident, to warrant the -sentence passed upon shim, we should never, as • we now do, ?haee raised our voice in conde� • a,ti n thereof. But, so far is that from heir g the cage, that we find in4:tle minute of Council ordering: his release, the. folla►- ing comprehensive declaration on this point, by the Minister of Justice, "The case of McMahon presents no redeeming features, and judged on its own merits there .would be no. reason for extending •to him any exercise of royal mercy.," Indeed it would have been •di$'icult not to have made this concession,in view of the well-known facts, notwithstand- ing the simulation to the contrary of a few, ilirforined zealots, to whom • we. `would commend' the reading of the fol- lowing ol lowing remarks of `Mr. Cameron in the House in reply to Mr. Anglin on *this question. Y .. Hon. J:- IL CAMERON differed 0 5 loyalists of that co tee The possibility expression is a sensible loyal catho repudiate it as an rather' than a' comp Again, for what duct, no better; th quired of every speciality for rewa found in a- particul is a sentiment,, for ernment owes any thing, beyond the c its laws. No port special claims up) ment for the most ible to the same Government that 'c no guarantee, for other part of the reverse. - The most dange ple that ever obt with the - member for Gloucester alto- Government; is gether,- and could assure him that t e acquittal of McM prisoners received remarkably fair Su sense The trials, and were allowed to - avail them- . p y — selves of every possible advantage. As can exercise such the member for Lam;aton had remarked, Government, as to the trials of these prisoners post- Mahon's case, none of : the evidence a1= ; luded to -by the member for Gloucester .of every Canadian had been produced on • the trial. - Itis While we, with O>�3)t1F EININIRATION. 44E110 Mid, White, Emigrant. rlakent from On sP to England, , oke; ecently in to ..•. ••g it4.tt 'Liverpool to .a crowdedttudkienee, the ex=itis ei of the "city sin the chair. As too lon ` 'for='froduction the -Speech' le g , l we will 1 sem 1 yr in our' own words give .simply � .think from, sued. facts " as wi •, 117 vfe, i„ tereeting to. our:.readerseasi In 1868 .we -exported 79;1€sanimals, and iii 1868 notwithstanding, the -•abro gatiozl lof Reciprocity we reported 155, 779. In 1858 we reported $1.716 worth of Cheese and in 186$• $618.000 worth; our exports or Butter, .last 4 year amounted* to no less than ..10. million pounds. The exports of the • treduce o' our forests in 1858" amounted to $9.' 447,727, in 1868. ,,hey amounted to $14,471,607. a In speaking of ;,the shipping of the Dominion, he said that Cenada is now the fourth maritime coiintry on the globe. We own 6,165 vessels, of a aggregate . tonnage of 860,000 ton worth $33,000,000 and requiring th services of 37,235 seamen. The prs grecs of our railways is also alluded to In 1852 there was not a single mile o railway in Ontario, now we have 1,40 miles. Tue Dominion has 2,253 miles Our telegraphs now ex -tend 8.698- mile: and afford a very cheap means of com munication, In drawing a comparison betwee Canada and the United States, h shews that our ° duties bear the sam proportion to those of that country to 14i to 44. That is ours average 14 per cent and those . of , the U.S. 44 per cent. Taking excise and customs to- gether we pay an average of $2.94 per head and the people of the U. S. pay $10.16 - per head. The cost of our Government is $3.50 per head, in the U. S. "it is $16.45. These facts, and many more whit is might be added, are certainly very e: couraging to the people of this countr Did Mr. White choose to comps Canada and the United -States with gardto the progress which the ti countries are reeking; he could ve easily chew that the people of Cana taken, as a whole are not behind tho of the United States. Commerciall Agriculturarly and Eclucationaly are in advance of them in proportion population, and if are only true ourselves we will far outstrip then, Case ' had been most carefully and de- civil frights, rejoice, that " Church liberately tried. The greatest latitude Supremacy " is being so speedly extin- was given to his counsel and the jury P y g uiehed i�p the British Isles, the same were a long time in deliberation. In $ 4 , . this and other cases, },_e, as one of tbese split leatIge lea;us to deplore this recent employed to conduct '.the business•` for Canadian � 'Star Chamber " ' Act as one the Crown, knew that nothing wa8 of the very opposite tendency. pressed against the prisoners unduly: by How can, we reconcile the absolute the prosecution ;. and on the part of the ; defence several cases were .placed by contradictions of the'' expressions and the counsel inthebest possible light; for conduct of Sir John A. McDonald in the prisoners. Every facility was of this matter ? In no other way than forded them by the Crown, and even this, we unhesitatingly believe that; Sir money were given Chemobring part - Johns" motives, were, solely, the hope ies from the States' for their defend, The petitions fel leis release, are tacit of adding to his support, numbers of the McMahon sympathizers. Our admissions in themselves, that he was guilty. "- insomuch, as in no one, f of opinion.of his judgement is too high, to gal y,admit of the mote charitable alternat- .them, is it:set forth, that the evidence. Which led to his conviction was in of ive, : that; his convictions. were changed between the times, he gave Mr. Anglin ficient to that end, net, that every op- tlte;.e zYt�bhing, he ,did in the House, and portunity . was not afforded him to .prove �; : r .. t sat of giving "the order in council for his innocence. The commutation , of Father Mc--' t e gel se`' of the Fenian Prisoner. This, •being our c . nviction, we estimate Mahon's sentence then, was not . based theta'ecurrt ; which the people hold, in upon the merits of the case, but as is y 1thet.part of the -Goverment, represent - set forth in the order of • pouncil, :fit,* theripression prevailing arnoigst `-ted by the Minister of Justice, a 'sorry affair indeed. Roman Catholics, because of the 'ac- e 0- Y al e e • WiEN..the prospect of laying a cable over the Atlantic in order to • establish telegraphic communication between the two Matirtents, was - first nooted, as us heir th ' acres of the age sb ook teal the: wise heads ominously. The thing is.impos- siible, they said, and no power of genius can " ever overcome : - such , nature obsticakes. But men with far reaching . and philosophical minds declared it was possible; notwithstandiug alt the diffi- culty, and so sanghine and enthusiastic were they in this matter {that the pros- pect soon gained friends and the work was seriously undertaken. After five or six failures, the cable was at last laid -laid away down among the rocks and precipies and coralians of the atlantic never seen by human. eyes. The cable was a great snccess. Now another is laid and- so far ass:it transfers from the Great Eastern to the ocean is concerned, it is evently success- ful. But the United States; with a . shortsightedness,-the.production of pri- vate commercial policy, protest against attaching one end of it to their free soil. They must be paid a price, Certain guarantees of the French 'Government, originated out of shere selfishness, as a matter of course each demand delays the full construction of this great work. Suchseonduct on the part of the Am- ericans, altogether unworthy of that.: .spirit of liberty of which they boast -so, much. With all their advanced ideas in Legislative matters, and their ap- parent desire to extend the privil- eges of the people to the utmost limit, in commercial matters they- are nearly always actuated by the lowest type of selfishness. We trust, however, that the present difficulty in the matter of the Frensh cable will- be speedily over- come, so that communication with the continent will be cheapened and facil- liated. 0 the race of fiationaiity. It is plesing for us here to kno that Canadian interests will be fair represented by our agent abroad, ti result of which we trust will be a -lar; emmigration of the bone sinew of En land next. season:• Y e e THE public accounts of Canada, a e said to be in a most forlorn conditi . No man, not even the Finance Minis r can get a true statement -of the natio al indebtedness or the national- iiitere t All the financiering of Mr.: Langt auditor, does not suffice to keep the books - of the Departments in such a st to asto be able to give reliable stateme is of public affairs.` Iu 1868;' a Pari - rnentary, Committee, of which r. Brown was. a member, thoroughly , n- ttie mere of depreciation " being. the rate Of esteem, in which 'the- Govern, ment°and the Nation are held, tmdcr whoeeit ifspiees-it is issued. If, how- ever, diet dould rely with safety on the wisdom and inotlerition of the Govein--- ine t s, if we c uld provide :with abso- lute 4 Y: e '�t �aixst an over issue. I lute-certann 9 ag - believe it *old be a very ;'wise and uisetul measure to allow ,tjip Govern- ment to issue a certain .fixed amount of - legal `tender notes, not convertible into gold at all, but useable in the payment evil taxes and imports, except duties on imports; and in all transactions , within the country. If such a supple- ment to the Banking Capital of the country, could le created and Used with- out the danger of abuse, I am satisfied lt. would be ` of immense' benefit. ' If the issue of thenotes were limited, - say se to 'four or five million dollars, the country 'could use them - to- great ad- vantage. . The business of Banking - wou td be safer and steadier than it is, the legaltenaer notes would form the the medium of settlement between the Banks,.and would set free a correspond- ing amount of gold.. { Mr. Galt's hard - money bigotry lies a*, the bottom of the ; failure of his legal tender scheme. He encumbered his system with a pseudo- provision for convertibility into gold; which is in reality of no use at all, ex cept - to cause great expense in the management of the issue, and do away in a great measure with the profit and advantage which - the Government might- derive from simple issue of a • small amount of inconvertible legal tender notes. That the amount should be small m proportion co the general circulation of the country,is an essential element of success. For nothing is more certain than this, that if the Gov-- ernment ov=ernment were to attempt to take poise ession of the whole, or of any consider- ate portion of the circulation they must maintain its convertible character, and this could only be done, as we have before shown, by keeping a stock of gold or other convertible capital always - - ready for the redemption of the notes - In short, a Government circulation can only be safely and wisely used for it small portion of the internal businesss - of the country. Could it be rigidly confined within such bounds,it would be of very great val-ue, and we hope to see - the Government Banking Scheme of test and previous sessions, resolved into some such form. The Govern -'- Ment might with - perfect safety issue, say four million dollars of legal tender notes, without providing in any other way for their redemption. than by re- ceiving' them in payment of taxes and claims :-i against individuals. Such in amount- would $oat easily in the country without affecting the general character of the circulation. But the danger is that Government finding this - s0 easy a manner of paying its indebted- ness, would be led to increase the issue, and whenever this is done, even to a small extent, confidence would be lost, and gold would go up, or rather the paper . w.ould . go down. If the Bankers and Merchants -of the country felt satisfied that a certain fixed amount of -legal, tender money could be safely and profitably used in the country, then it could be used. But if, on the contrary,` they thought or dreaded that the amount of the issues was being in- creased beyond the fixed amount, or even that there was a possibility of its being exceeded .then the- issues - would ` be at .once `depreciated•'in value, and' in place of being ,a useful item;ot the cit- culation, they would become -a nuis- ance, and could perhaps only be got -rid -of by -something like a financial crises - or monetary revolution. To return tot - --our argument, a • circulation based asp . `ours is at present, on gold or its equivalent, in floating convertible capie tal, may not be theoreticaly as safe s one based upon pledge of fixed capital, but praietice• and history go to show that it is. really safer. -It is certainly much more, convenient "and far cheaper. i The two systems . cannot be combined except at a cost which makes the currency too expensive for the wants of trade: If you want perfect theor- - etical' secure'ty, you can only get it at the -expense .of- "'immediate converts- bihty. The . two things are incom- patible except at -a rate of interest which' no bt siness will pay. ' ONTARIO. Editor of the Expositor. DEAR SIR : — Your correspondent - in his article of last Friday, has evi- dently seen thenecessity for abandoning the defence of Mr. Rose's Banking Scheme. He wisely repudiates any in- tention of so doing, and turns his at- tention to a discussion of the general ,question of rt Currency," arguing in favor of some system by which the fixed capital or •landed property of the ccuntry may be made available - as a basis for the security of . circulating notes. This has long been ''desired by earnest patriots, and the question has often been discussed with a strong de- sire for adoption of some such plan, but such discussions have invariably ended in proving the practical imposs- ibility of its adoption. The first char- acteristic of a good currency is immed- iate convertibility on demand, into gold or its equivalent. Now, however safe a currency based upon landed security may be in the abstract, it will be plain to any one looking carefully into the matter, that such a currency cannot sustain the character of immediate con- svertibility. If we - suppose that a tank were formed under some such plan as that indicated : say that a number of wealthly landed proprietors, agree among themselves to form a Banking Corporation, they - create mortgages upon their real estate, which are lodged with the proper" officers of the'Government, and in exchange they are allowed to issue an equal amount of bills for general circulation, how are these bids to be met when presented, for gold over the counter ? can they be met at all, unless the Bank have other' means -in the shape of convertible ' capi- tal pi- - tal to meet them'? Surely not: Where then is the use of locking up the capi- tal apital of the bank in real estate, when it is of no practical value for the purpose intended. In fact it is an absolute hin drence or burden upon the ' business -of the bank inasmuch as the customers, those who borrow money of the Bank, would be obliged to pay a double in- terest ; if the business is to be made profitable, the moneymust pay a suf- ficient ufficient rate of interest to pay for the At a travelling menagerie in Orleans, convertible capital needed to keep it France, ,recently, the wife of the pro• prieter vena passing the cage of a lion with her: infant in her .. arms, her dress, sweeping the bars, when the beast seiz= ed her gown with one paw, and as she turned suddenly round, snatched with the other the child out of her arms, - dragged it within the cage„ and nearly devoured it before assistance.; arrives.. The animal was shot. Instructions have been sent from Ot- tawa to have the gunboats on the lakes- ready - for ix s aecliatee service. Sorer rumour of a Fenian raid is probably the cause of the maw, which is doubtles wise precautionary- step, but ,will net quittal of Lumsden; and of the convict e j.� =� .s aged all our financial affairee and fully he had'" ,.:. Sin" John Young, Governor .General ing�jury being Protestants; thatexposed various transactions of jobbery not received impartial justice '; . and the, : of _Canada; in a speech . set the Quebec which has done somethin to pave the one,the regard" banquet settles th'e'inatter of Canadian g , second and primcipalg a way for more virtuous legislation. for the services to the country. ofl the Independent so' far as Britain is con- Should we not hare such another com- Roman Caithelic hierarchy, who desire corned. He =;distinctly teas us that mince? It would tend to' bring order his release. when we want- to' change our pres- ent foini of Colonial connection, we out of confeleion and to put our finances •' As regards the first reason, without in a more Manageable condition. • ter -I questioning Lumsden's guilt or luno=t will not, in the least degree - be inter- , iered with. Our resent relationship cents, we. Bold that the only potent p p WELL 'it has come at last, Mr. Galt .question is, Was McMahon .« guilty,". is one of - chole®; not of coercion. who so iidingantlyj�gung back the C. or " not guilty?" - If guilty, which was, Whsn our : institutionn have become B-sbip c'ered himiiy Her Majesty, be- es shown silentlyconceeded byhis ad- more consolidated, and public. opinion , cause his confreres -got a K. C. B -ship, vocates, he richly deserved his u fish-, more fixed, then• the people of'Canada c p is -now as , high in the ladder of titled will'doubtless be prepared to work trent, regardless of the treatment. of sycophancy as any of his compeers. No Lumsden or any other man. There: out,.t`heir own destiny, independent of r y maul can now sport a more significant was no excuse for him, even, if for all ' 'foreign interference. The future handle to his name thanican this old fi- other, and more ignorant linen. His that thus hes before, is certainly #Host nancial failure from Sherbrook, and who encouraging,and the mere fact of us willnotgayCuibbno ? What means this profess3ion was one of peace, but he for- song it to associate with vagabonds and having such a prospect, independent of engrafting of vain distinction on the dem- inurdererg and though he mi ht not any other country, would in its elf be a , ... ougg ocratic: institutions of Canada ? What have actually, with his own hand, cuff ;lent reassc+n. why :all "annexation meansthis efforttobuild apseudo-aristoc- butchered our countrymen; innoce nt of sentiments should be opposed. We. racy on this virgin soil ? Who does not i have the power to be a great nation ail oppression to Ire I d, he did that know that :$ which was infinitely worse, inasmuch ate, if we are hut true to ourselves "The rank is but the guinea Stamp, . as he invoked the blessing of Heaven and our destiny, then why divide the. The man's the gowd for & that." upon those who did. He knew better honor.? and that any attempt to build up a than to participate . in the actions of It " is supposed that Geiffenstein, ex weakminded nobility here by borrowed such men ; and he deserves no the tracted from the Receiver General's titles, must bring 'such aspirations Ahe least commiseration -- note the office - in all Piot less than- $10,000. , for honor into unmitigated contempt. afloat, and also, for the „)fixed capital which is pledged and locked; up for its sec';irity. These things are so evident thu,t the aid of the law is required to deprive the notes of their immt di ately - convertible -character by making them " Legal Tender," and so far as the in- ternal business of - the country is con- cerned, oncerned, making them take the place of gold, But though the law may say that they are equal to gold, experience shows that in effect they are not. It is of no consequence how good the ulti- mate security may be, as soon -as you deprive the circulation of its immedi- ate convertibility, it looses value in the commerce of the world and becomes what is called a "depreciated currency," e turn out to have been neces • DISTRICT As 'W111 be seen ,olph Malcehm: will ugust . tth. • b Mas. CAnTwa1€ H to:' say that he : wig the 2nd, :3rd, end THE present -week One -for r aspberrie pick tries have been gathhe bitants of this place. Rev. S. Willamso now of London, was the week, and every hearty congratulation WE hear it said lugs are to be taken Circus, for covering unexpired bills this place, WEunderstand. t - signed petition_ is in appointment of Geo of Egmondville, = to peace. • We have e his fitness for the po MAGIST t.ATI's C gomcry was fined on for assault ` e n Mar day. The Market complaint against E of the Market By -la CORRECTION. --in moth Strawberries," the earlessne ss of correcting the proof- de Grabde," which Brion?pIce de 'Gra: MR. S. Landsb Tuokersmi,th, .last S' to this office n.:mo;t ful of Treadweh were large and well grain, _and not a.szg pesyed- to he•ahc ut Go to J. R. G and B60.4Store, {thing yen may req ' tationa.ryeor £tnee. end patent median glish and. A nerica ture and fashion re THE Fall Wheet Riding of ..Huron village of,Clintene of August, when th Prize of .$30. will tors foi - this pr" bushels, . the- es heat heceming-the pro DUKreto' he;past< heav v than f er stor J i 'icinity, "n* 112. Ilghtn ng; 14 -'11 op. Friday eve ; a stand three `den w •b et not injhred:i. _ in McKillop, Mr. a'shtick. TnE Rev. Mr. ,London. Pres mon for the yoim' „ church; on. .8a.bla -clock. and Also • n past 6, The •mo conducted by the:- .at the -usual hoar., Discus.—As in another doleiist lee in town next 1 „ remarks -of our . e this company is_ o People from your to get'i siren, whieh eve - a#fafr; -ON- Monday, March, who liv found in the .crazy, suffering fr lie had been ru bourllood for ev eagining all scuts out to, hen, On =tinned a, numbe this places and: the county gaol OONsinmee E. .gloomy. weather -considerate per Wednesday last: delicious oash 'cherries ; ohl.hO always beta}les eiSue ns, as., our •r Tuckersmith, a heart be ever bi :ours fruit. », AY.sfosr Doti evening Tag. village were ps_ lock's farni, one, Mr. gtarie, slip_ the broken dam floating down w Thbni espied her from ed her as she w had the presen leg. . .She tsc: bonnet and, net ily are fatuous