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ately sold the plantation, and collecting His niece Hermenia, mas, however, the wreck of his fortune which had fully sensible of the merits of the been ruined by the imprudence of an young secretary, and she preferred only brother, now no more, he carried him to the count D'Olmene,ber intend. his niece to an obscure quarter of the ed husband. This nobleman was not island. There she was delivered of loog igooraat of the pr erence, and Alphonso, with whom they both came being at once proud and impetuous, to Europe, and immediately on their atter upbraiding Alphonso as a bas. arrival al Paris, the exasperated uncle tard, he challenged him to single comsent a box of jewels, with the follow. bat. A duel accordingly took place, ing letter to the seducer, who proved and the latter finding himself slightly to be a married man, and by his fa. wounded, soon after propagate a false ther's death had now become duke rumour of his own death, in order to D'Olmeve :

oblige his rival to fly to a foreign " Take back these dishonourable country, and enable bimself thus leit and det sted presents, and if you are master of the field, to obtain a large not to ihe full as cowardly as you are estate, by means of marriage with bis wicked and base, repair to-morrow cousin whom he detested. His scherpe, morning by break of day to the great huwever, was frustrated by the more alley in the wood of Vincennes. As deadly enmity of the Duke, who pro. the offended person, the choice of cured a lettre de cachet to shut up weapons appertains to me, I shall be Alphonso in a fortress for the rest of provided with pistols, and intend to his life! have no other witness than my negro At this critical moment, Melanie servant.

hearing of the inisfortunes of her son, "I now inform you, that the guilty instantly repairs to Paris, procures an slave corrupted by you, attempted to interview with the Duke, accuses hin expiate her crime, by means of a of pertidy and ravishment, and obtains voluntary death, and while expiring, an order for the enlargement of her loaded you with her maledictions. son, No sooner, however, had she God, the avenger of premeditated left the hotel d'Olmene, than this atrocrimes, will doubtless, sooner or later cious nobleinen representing her as a fulfil tbe last wishes of that unfortu- woman of the loren, to the lieutenant of nate wretch."

the police, procures an order for her They accordingly met at the time confinement. But by the sudden arappointed, and at the first shot, the rival of Melvil from England, and the West Indian wounded his adversary in interposition of Herminie, both the the left shoulder. On this, the Duke lady and son are restored to freedom, fired his in the air,on which Dormeuil, while the Duke is disgraced and disho. surprised at such an act of gene. noured. Soon atler this, the latler is rosity from such a base character, ex. obliged to give an account of the for. claimed, “I shall no longer admire tune of his ward during her minority, valour, since it can ally itself to such and becomes reduced to beggary by odious vices."

the restoration of large sums of moMelvil, who was a man of great in. ney which be had squandered in debaofucuce, now undertook to inake a chery. On the other hand Melvil and suitable provision for his young friend Melanie are inmediately married, and Alphonso, and fivding him duly qua- all the parties wortby of being renderlified, he presented him to the new ed happy become so. ambassador to the court of Vienna, On the whole, this is an interesting with whom hewas to live in the capacity novel. It is to be observed, however, of secretary. He proved to be a dis- that it contains a severe satire on sipated courtier of high rank and pre- the ancient nobility, while it discloses tensions, who enjoyed high favour at all the horrors of a despotic governVersailles, and was one of the richest ment,' such as France, unhappily still noblemen in France ;-in fine, he is! proved to be the Duc D'Olmene.

« Sur les Gardins, &c." TranslaOn being established in this family, tion of a Chinese work on GARDENS, Alphonso soon found himself treated originally written by Baron de Bee with great haughtiness by the Duchess, sen val. while her husband received him al. Let others build palaces to conceal ways with a marked but cold civility. their chagrin, or display their va

nity; as for me, I have created a soli- like a mother above her children. tude, in order to ampuse my leisure Others are built on the declivities : hours, and converse with my friends. while a few placed in the narrow val. 'Twenty acres of land have proved lies, are seen but in part. All the sufficient for the completion of my environs are shaded by groves of design. In the midst is a large hall, tufted bamboos, intersected by narwhere I have assembled five thousand row paths, into which the sun never volumes, for the purpose of interro- penetrates gating wisdom, and conversing with O n the eastern side opens a little antiquity.

plain, divided into compartments, Towards the south is a saloon, in sonie of which are oval, and some the midst of waters, formed by a little square: these, which are sheltered by brook, that descends from the side of a wood of ancient cedar trees from yonder western acclivity. They form the north wind, are filled with odoria deep and capacious basin, whence ferous plants, salutary herbs, beauti, they expand in five branches, like the ful flowers, and sweet-scented sbrubs. claws of a leopard These are covered Spring and the Zephyrs seem to have with innumerable swans, which swim taken up their residence in this deliabout and enjoy themselves on all cious spot. A little plot of pomegrasides. On the margin of the first of nate, citron and orange trees, always these, where the stream precipitates decked with fruit, as well as with itself in the form of cascades, rises a flowers, terminates the view, and steep rock, the top of which is curbed bounds the horizon. so as to reseinble ihe Irunk of an ele-On the west side,an alley of weeping pbant, this supports a balcony, whence willows conducts you to the border of may be enjoyed the fresh air of the a broad stream, which falls at the disevening, or the rubies with which tance of a few paces from the top Aurora crowns the rising sun, contem- of a crag, become green by means of plated at ease.

ivy, and coiled herbs. The neighThe second branch soon divides it. bourhood presents nothing but a barself into two canals, which take a rier of pointed rocks, fantastically serpentine direction around a gallery assembled together, which form groups bordered with a double terrass adorned somewhat after the manner of an am. with festoons, which are formed by phitheatre, and appear at once rustic means of a thousand different kinds and picturesque. Below is a profound of jasnjines, roses and pomegranates. grotto, into which you descend by

The western branch, bending in form means of steps. Eularging itself by of a bow towards the north, forms a degrees, it at length forms an irregular little island. The banks of this isle are kind of vault, the roof of which bedecked with sand, shells, and peb. terininates in a dome. The light bles, all of different colours: one part enters through an opening, whence is planted with evergreeos, another is depend clusters of honey-suckle, and ornamented with a cabin coniposed of several other kinds of vines. This reeds, and thatch, such as is generally secopd saloon serves as a retreat dur. used by fishermen.

ing the heat of the dog days. Scat. The two remaining canals, seem, by tered fragments of rock, or alcoves turns, to seek for and fly from each formed in the wall, constitute the only other, while following the declivity seats. A little fountain, wbich springs of a flowery meadow, to the fresh out of one side of the building, fills ness and verdure of which they not the hollow of a stope, which bas been a little contribule. Sometimes they rendered circular by accident, and leave their course, to form little sheels whenče it escapes in little rills to trinkle of water amidst the turf; at other over the pavement. Its waters, after times they quit the level of the having taken a thousand serpentine field, and descend in narrow currents, directions, all unite at length in a reto dash against a labyrinth of rocks, servoir prepared for a bath, the basin w bich dispute their passage and cover of which is emptied at pleasure, into them with foam.

a little pool at the foot of the grotto, To the north of the grand saloon situate among the rocks which surare several little suminer-houses pla. round the whole habitation. These ced witbout art, some oa little hillocks, rocks in their turn, are inbabited by which rise above the rest, exactly a colony of rabbits, which return with MONTHLY Mag. No. 208.

4 Y interest interest to the fishes in the little pool When I walk on my parterre, it is my Just alluded to, all the fears which delight to call such medicinal plants they have been tormented with, on the there as I may wish to preserve. Does part of the fiony race.

one flower delight me, I seize and be“How charming is thig solitude !" come intoxicated with its perfumes. Is The sheet of water presented on every another drooping from thirst I water side, is studded here and there with it, and its neighbours profit by my reed-bearing islets. The largest of bounty. How often have ripe and dethese are converted into aviaries, filled licious fruits restored to me that ap with all kinds of animals appertaining petite, of which the sight of the most to the feathered race, and they com- delicious meats have deprived me? my inunicate with each other, by means of peaches and pomegranates are pot better, little bridges constructed soine in wood perhaps, when plucked by my hand; and some in stone, partly circular and but I myself am more pleased with partly straight. When the water them, while my friends, to whom I Jilies, with which the borders of the send baskets, seem always delighted pond are adorned, open their flowers, to praise them. Do I perceive a young they appear crowned with purple and and straggling bamboo, which I wish scarlet, like the horizon of the south. to encourage, I cut it, or I bend and eri. seas.

interlace its branches, so as no longer On retiring, it is necessary to as to droop on the earth. The margin of cend a stair-case cut out of the living the waier, the recesses of a wood, and rock, by the labouts of the pick-axe, the terininating point of a ruck, all the marks of which are still visible. serve me equally, and by turns, for The cabinet formed at the top, has the purposes of repose. I now enter nothing but simplicity to recommend into my cabinet to behold my swans it, although, indeed, it is sufficiently making war on the fishes; but scarcely adorned by the view of an immense have I sat down, when I take up my plain, where the * Kiang winds through kin,* and provoke the inusic of the straggling villages and rice grounds. neighbouring groves. The innumerable barks with which the last rays of the sun sometimes this great river is covered; the la. surprise nie, while considering in si. bourers scattered up and down the lence, the tender solicitudes of a swal. country, and the travellers who crowd low for her young, or the stratagems the roads, all contribute to animate recurred to by a kite, for the purpose this enchanting landscape. The azure. of carrying away his prey. The mut. coloured mountains which terminate mur of the waters, the fiuttering of the the horizon, at once charin and re. foliage gently agitated by the zephyrs, fresb the sight.

and the beauty of the heavens, serre by When I am weary of composing, turns to plunge me in a sweet reverie. and of writing anong my books in All nature seems to speak to my heart. the great hall, I throw myself into a I am lost in listening to her; and the bark, conducted by myself, and repair night is already half spent when I to taste the pleasures of my garden. reach the threshold of iny mansion. Sometimes I and at the isle of the Sleep alone ravishes from me those fishermen, and covering my head charms which I experience ; but if I with a large straw hat, by means of ani awoke by my dreams, I anticipate bait í allure tbe fishes which sport in Aurora, by beholdio from the top of the bosom of the waters, and I study some neighbouring en inepce, tbose our pusions in their mistakes.

pearls and rubies, which she scatters Al other times, with a quiver hung along the path traced by the suu. across my shoulder, and a bow in my My friends frequently interrupt my hand, I climb among the rocks, and solitude, in order to recite their own there lurking like a traitor for the works, or listen to mine. I associate raboits which issue from the fissares, them in muy amusements. The juice I pierce them with my arrows, at the of the rape gives gaiety to our fruga! , entrance into their retreats. Ales! trasts; pbilosophy seasons them, and more wise that ourselves, thev dread while the court dissolved in voluptadanger, and they fly from it! If they ousness,raresses calomny, forges fetters perceive my arrival, not one of them mane is appearance.

* A musical instrument, common in

- China, * A large Chinese river,

and spreads snares for the subject, we result from it to the public interests, invoke wisdom. My eyes are conti- was the province, not so much ofthe pually turned towards her; but alas, Bank as of the legislature ; and, in the her rays never reach me but through opinion of your committee, there is the mediuin of a thousand clouds, no room to regret that this house which are sometimes dissipated, how has not taken earlier notice of all the ever and that too, by a storm.

consequences of that law This solitude shall serve as the tem By far the most important of those ple of pleasure. What do I say ! A consequences is, that while the confather, a husband, a citizen, and a vertibility into specie no longer exists mar of letters, I have a multitude of as a check to an over issue of paper, duties to fulfil: my life is no longer the Bank directors have not perray own, Adieu, thou, my dear gar- ceived that the removal of that check den! The love of my country, calls rendered it possible that such an exine to the capital; but preserve all cess might be issued by the discount thy pleasures, that they may dissipate of perfectly good bills. So far from my new chagrins, and save iny virtue perceiving this, your committee have from shipwreck, amidst future afilic. shewn that they inaintain the contrary tions.

doctrine with the utmost oonfidence,

however it may be qualified occasiAbstract of the Report of the Select Com. onally by some of their expressions. miltee, on the High Price of Gold Bul. That this doctrine is a very fallacious lion.

one, your committee caonot enterContinued from our last Magazine, tain a doubt. The fallacy, upon which p. 294.

it is founded, lies in not distinguishing The restriction of cash-payments, as

between an advance of capital to has already been shewn, having ren.

merchants, and an addition of supply dered the same preventive policy no

of currency to the general mass of longer necessary to the Bank, has re- circulating medium. If the advance moved that check upon its issueswhich of capital only is considered, as made was the public security against an ex

to those who are ready to employ it cess. When the Bank directors were

in judicious and productive under. no longer exposed to the inconveni- takings, it is evident there need be ence of a drain upon them for gold,

no other limit to the total amount of

advances than what the means of the such inconvenience to guard against

lender, and his prudence in the selec. by a more restrained system of dise tion of borrowers niay impose. Bui, counts and advances; and it was very

in the present situation of the Bank, natural for them to pursue as before intrusted as it is with the functions (but without that sort of guard and of supplying the public with that palimitation which was now becoine per currency which forms the basis vonccessary to their own security) the

of our circulation, and at the same same liberal and prudent Systern of time not subjected to the liability of commercial advances froin which the

converting the paper into specie, every prosperity of their own establishment advance which it makes of capital o nad resulted, as well as in a great de

the merchants in the shape of disgree the commercial prosperity of the count,

count, becomes an addition also to whole couptry. It was natural for the mass of circulating medium. la the Bank directors to believe, that the first instance, when the advance nothing but benefit could accrue lo is made by notes paid in discount of the public at large, while tbey saw a bill, it is undoubtedly so much catbe growth of Bank protits go hand pilal, so much power of making pur. iu band, with the accommodations chases, placed in the hands of the granted to the merchants. It was merchant who receives the notes : and hardly to be expected of the direc

if those hands are safe, the operation fors of he Bank, that they should be

is so far, and in this its first step, fully aware of the cousequences ibat uselul and productive to the puble. might result from their pursuing,

But as sound as the portion of cirafter the suspension of cash payments, culating medium, in which the advance the same syslem which they had found was thus inade, performs in the hands a safe one before. To watch the ope- o

une of him to whom it was advanced tiris

g ration of so new a law, and to pro. its first operation as capital, as soou wide agaiust the injury which might as the notes are excbanged by bin

for some other article which is capi. lustration place in a more striking tal, they fall into the channel of cir- point of view the extent to which culation as so inuch circulating me such of the Bank directors, as were dium, and form an addition to the examined before the committee, seem inass of currency. The necessary ef. to have in theory embraced that doce fect of every such addition to the trine upon which your committee mass, is to diminish the relative value have made these observations, as of any given portion of that mass well as the practical consequences to in exchange for commodities. If the which that doctrine may lead in peaddition were made by notes convert- riods of a high spirit of commercial ible into specie, this diminution of the adventure, than the opinion which relative value of any given portion of Mr. Wbitmore and Mr. Pearse bave the whole mass, would speedily bring delivered ; that the same complete se back upon the Bank, which issuell the curity to the public against any exa notes, as much as was excessive. But cess in the issues of the Bank would if by law they are not so convertible, exist if the rate of discount were reof course this excess will not be duced from five to four, or even io brought back, but will remain in the three per cent. From the evidence, channel of circulation, until paid in however, of the late governor and again to the Bank itself in discharge deputy governor of the Bank, it ap. of the bills which were originally pears, that though they state the discounted. During the whole time principle broadly that there can be they remain out, they perform all the no excess of their circulation, if is. functions of circulating medium ; and sued according to their rules of disbefore they come to be paid in dis

count, yet they disclaim the idea of charge of those bills they have already acting up to it in its whole extent ; been followed by a new issue of notes though they stated the applications for in a similar operation of discounting. the discount of legitimate bills to be Each successive advance repeats the their sole criterion of abundance or same process. If the whole sum of scarcity, they gave your committee discounts continues outstanding at a to understand, that they do not dis. given amount, there will remain per- count to the full extent of such apmanently out in circulation a corre- plications. In other words, the direcsponding amount of paper ; and if the tors do not act up to the principle which amount of discounts is progressively they represent as one perfectly sound increasing, the amount of paper, which and safe, and must be considered, remains out in circulation over and therefore, as possessing no distinct and above what is otherwise wanted for certain rule to guide their discrction the occasions of the public, will pro. in controling the amount of their gressively increase also, and the money circulation. prices of commodities will progres. The suspension of cash payments sively rise. This progress may be as has had the effect of committing into indefinite, as the range of speculation the bands of the directors of the Bank and adventure in a great commercial of England, to be exercised by their country.

sole discretion, the important charge It is necessary to observe, that the of supplying the country with that law, which in this country limits the quantity of circulating medium which rate of interest, and of course the rate is exactly proportioned to the wants at which the Bank can legally dis- and occasions of the public. In the count, exposes the Bank to still more judgment of the committee, that is a extensive demands for commercial dis. trust, which it is unreasonable to ex. counts. While the rate of commer- vect that the directors of the Bank cial profit is very considerably higher of England should ever be able to than five per cent. as it has lately been discharge. The most detailed know. in many branches of our foreign ledge of the actual trade of the countrade, there is in fact no limit to the try, coinbined with the profound scidemands which inerchants of perfectly once in all the principles of money good capital, and of the most pru- and circulation, would not cpable any dent spirit of enterprize, may be man or set of open to adjust, and keep tempted to make upon the Bank for always adjusted, the right proportion accommodation and facilities by dis- of circulating medium in a country .count. Nor can any argument or il. to the wants of trade. When the

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