BANKS BREAKING. worth many times the amount of the debts, so that no ultimate loss was sustained by the public, we are warranted in demanding, in the name of are thus to be exposed to a calamity the people of England, why they alone wor-which might with such ease be averted? I take the following from the MORNING CHRONICLE of the 11th instant. The subject is of great importance, and, therefore, thy of particular attention. The Scotch Banks are under no re"We copied, the other day, from striction with respect to number of The West Briton, an account of the partners, and hence, though the failure of the Mevagissey Bank, Scotch are more adventurous and which had plunged the neighbour- speculative than the English, genehood of Mevagissey and St. Austel rally tasking their means to the utin the deepest distress. We regret most, commercial failures never afto state, that we have received in- fect the banks, because they are formation of the failure of another founded on so broad a basis, as to rebank, in a city of the West of Eng-sist every shock. Banking is one of land, of which the transactions were those businesses which ought to be very extensive, under circumstances conducted on fixed principles, and that will, if our information be correct, hence the number of partners never excite much attention. The failure of can be too great for the efficiency of any one banking establishment gene- the business, while the greater the rally leads to the failure of others, number of wealthy partners, the and consequently is productive of the greater the security to the public most extensive distress. As no man against abuse, and the firmer the knows where the evil will stop, there credit. But in this country every is a general want of confidence, which thing is sacrificed to the ruinous moexposes even solvent banks to very nopoly of the Bank of England, which, great danger. People who have mo- it has been proved by Mr. Ricardo, ney in banks feel disposed to with- is not even useful to Government.” draw it till the storm is over; the bankers, in turn, are obliged to call in their balances to meet the claims This Chronicle is the best newspaper in London by far. It is conducted with the greatest degree on them; and thus on all hands distress and embarrassment are to be of ability; the Editor's industry met with. The best digested prois very great, and always gives us jects are thus frequently overturned, something original; the principles and thousands, who have every rea- inculcated, though sometimes erson to believe themselves in the best roneous, generally are on the side circumstances, are suddenly involved of justice and freedom; the style, in ruin.- -Let us only think of the though not always what we could amount of distress which must have wish it, is never bad, and frebeen caused by the failure of the Country Banks in 1793, when, out quently worthy of admiration; the of 279, nearly one hundred stopt stock-jobbing system is, indeed, payment. At that time the whole upheld by this paper, but that is of Lancashire was convulsed, and common to all the London papers; thousands of manufacturers were en- so that this paper has, I believe, listed into the army in one day. more good and less bad qualities What dreadful distress, too, took than any one to be found in Lonplace in consequence of the bank don. Yet, it has one very bad failures at the conclusion of the late war! When we know that only one quality it is incessantly endeabank of any consequence ever stopt vouring to make the world believe, payment in Scotland, and that, as that all that is Scotch is better the partners were, even in that case, than what belongs to other coun 2 them not in Scotland! tries; and this is frequently car-book is to prove, that, according ried to such a length as to produce to the law of nature, according to real disgust even in those who are the opinions of the heathen phimost pleased with the paper in losophers, according to the docgeneral. Upon this point the trines contained in the Two TesEditor seems to be really infa- taments, according to the doctuated. His good sense seems trines of the fathers of the Chriswholly to abandon him whenever tian Church, according to the Scotland comes athwart his mind. canons of the Catholic Church, Justices of the peace, trial by according to repeated decisions of jury, poor-laws, all are bad, radi- the Popes and Councils, and accally bad, only because they have cording to the laws of the land, of all Christian countries, USURY, Nothing but a sort of "mental or money paid for the use of modelusion" like this could have ney, is held in abhorrence, and made a man drag in the "Scotch never was tolerated amongst Banks" upon this occasion; Christians till after the "Reformathings that would fall instantly, if tion." I said further, that I would the Bank of England, the old republish this book, (Price Two Mother, were to be at all shaken. Shillings and Sixpence,) and that The "monopoly" which is here it was the most interesting work represented as an evil, is the very that I had ever read in all my life. thing that sustains the system of I said that I would reprint it, if paper-money. But, this writer it were only for the sake of putting wholly misses the mark: banks a copy of it into the possession of break, because they have more each of my sons. I further said, bills out than they can pay. If these bills were not out, prices would be lowered; and that is what is wanted to be avoided. We shall, in all likelihood, see byand-by a general crashing. There is every appearance of it. And, when that take place, we shall see that no Scotch recipe will save the horrid system. USURY. A few Registers back, I noticed that I was about to put to the press, a little work upon USURY, which had been presented to me by the author, Mr. O'CALLAGHAN, a Catholic Priest, who had published the book at New York. I observed, that I had not had the pleasure to see the author, he having left the book at my Office in Fleet-street. The object of the that the risk of the publication hands of every young man in Eng-meet the Reverend tithe-owner of land. It does infinite honour to his parish. He will see that the the author, and it cannot fail to two and nine-pence in the pound, - inspire the reader with that abhor-that enormous burden on the parence of the vile traffic of money-rishes in London, was a burden changing, which abhorrence is so imposed in consequence of a thing -necessary to be instilled into called the" Reformation."-This young minds in this, age of jobbing little work of mine really appears and of fraud. to be something like the grain of mustard-seed. I observed in my last Register, that I had ordered the ten thousand copies to be augmented to fifteen thousand. I 46 66 PROTESTANT "REFORMATION." I perceive, that at a tithe-meet-have now ordered another addiing in St. Olives parish, in the tional five thousand; and even that City, a Mr. Rolph said," That will not suffice. The first Number "it was not till the fourth century will be published IN FRENCH "after the introduction of Chris- at the same time that the second "tianity into this country that Number is published in English. "tithes were introduced, and when The paragraphs will be numbered "the original grants were made in in both French and English; so **the reigns of the early Kings of that, besides the convenience England, it was expected that which the translation will give to "out of the 2s. and 9d. in the Frenchmen,, the book will serve as pound, then allowed to the a book of EXERCISES to acClergy, one-third of it would be company my French Grammar. "devoted to the poor of the parish, The price will be the same in "another third to the repairing and French as it is in English-I said, "beautifying the parish church, in a late Register, that, in order "and the remainder to the benefit to contribute my part towards of the Vicar. This was not the making the ill-treatment of the “use that Doctor Owen proposed Catholics of Ireland known to the to make of his 2s. 94. in the world, I would send a copy of the "pound, and therefore the parish-French edition to Paris, to be ioners should be very careful printed there at my own expense, "how they paid so enormous a if no bookseller would undertake "rate. He did not wish to be it on his own account. I perceive "personal against Doctor Qwen, that the Catholic Association probut he could only speak from pose to have an agent at Paris. I appearances, and those appear-shall, therefore, now leave it to the ances were certainly very much Association to have my work re"against the Rector. published at Paris, if they choose to do it. They are the best judges whether the work is worth this trouble on their part or not. If they think it of sufficient importance to their cause, to direct it to be republished at Paris, they will have it done; and they can do it with much greater certainty, and more Mr. ROLPH, if he will read the next Number of the Protestant "Reformation," will not talk thus at random another time. He will then see how parishes and tithes came to be in England, and when they came to be. He will have chapter and verse wherewith to 1 CROPPER'S QUACKERY. THIS supreme quack has been canting away in Ireland, and there has finally been put forth a sort of project for relieving Ireland by the means of establishing cottonfactories in that country. The convenience than I can. Some shape whatever. These calumnies, copies will, I dare say, find their however, will have no effect. The way to Paris, and I dare say it will little "Protestant Reformation" be published there by somebody will work its way, and in the end or other. I observed, in my last, it will stifle for ever the infernal that I had sent a copy of my first cry of" No Popery." Number to Mr. MATHEW CAREY, of Philadelphia, and that I should continue to send him copies of the succeeding Numbers; but this is not to prevent the Association, if they think proper to do it, from - sending copies to their friends in other parts of America. Several months ago, I said in the Register, that one great thing for the Ca-Bishop of Waterford has figured tholics of Ireland to do, was to away upon this occasion. They make their ill-treatment known are mad altogether. They know to the whole world. I am happy about than any set of children in no more of what they are talking to perceive that this is also the opinion of Mr. O'CONNELL and their Bible schools. The fact is, that the Association; but I am, with they are become frightened half Mr. O'CONNELL, of opinion, that out of their senses at the horrible nothing more is wanted, if we can spectacle which Ireland repre-but make that excellent descrip- sents. Daddy CROPPER tells them prosperous. tion of persons, the middling class that England is He means that such fellows as of the people of England, once he are clearly see the whole truth as to this matter. It is not at all surprising that the newspapers -under the dominion of the justice Fire-shovels should have fallen upon me on this occasion with uncommon virulence. A blackguard of this description, in a Dorsetshire paper, has represented the Catholics as having applied tome, and represented me as having entered their service accordingly. All my readers know, that, for twenty years past, I have espoused the cause of the oppressed, the dog-like-treated Catholics of Ireland. The public prosperous. He does not say any thing about the men that have sets of harness upon them drawing gravel upon the highways in England. Not-a word does he say about people that are starved to death in England, of which, we have proofs every day in our lives. His, in short, is a grand speculation to turn the miseries of Ireland to his profit; and, all that was wanting to make his quacking mission complete, was to have Borr-SMITH as a secretary. LIST well know that I have taken the OF FOREST AND FRUIT TREES. lead in the great struggle that is now making; and that I have openly and most distinctly disavowed and rejected every idea of reward or compensation in any Locusts, Hickories (two years old), Persimons, Apple Trees, 23 sorts, and 1 The price of the Forest-trees is 5s. a hundred for every sort; and if a thousand be taken (though the sorts be mixed), 4s. a hundred. The price of the Apple-trees 2s. under ten; 1s. 6d. after ten; and Is. after twenty. as the last, greenish mottled skin, yellow flesh, very fine flavour, and keeps well to the end of March. 28. The BELLFLOWER is a large, beautiful, and excellent apple for the dessert and for cooking. It is of a pale but bright yellow colour; the cheek next the sun has sometimes a blush, but more frequently is without any red. The form is oblong, somewhat pointed at the blossom end; the ends are deeply indented. The flesh is rich, juicy, tender, and sprightly; it ripens late in October, and keeps well till February. From its beauty and excellence, it is the most popular apple in Philadelphia 1. DOMINA. A middle-sized market. The tree grows very Apple, deep red colour, a little large and spreading; it should be flat shaped at the ends, very full trimmed high, or the limbs will of juice and good flavour, and touch the ground when in full keeps for a whole year if neces-hearing. sary. SORTS OF APPLES. 29. The BARRACK APPLE (for 2. MATCHLESS. Of a lemon- Cider) takes its name from the colour, large, clear-skinned, rather circumstance of the original trees pointed at the blossom end, very having sprung up alongside of a fine flavour, but does not keep hay-barrack; that is, a shed with longer than Christmas. 3. VANDEVERE. Middle size, red skin, flesh deep yellow, form that of an orange, keeps till March very well. 4. SPITZENBERG. Middle size, bright red skin, inside tinged with pink, of a tartish flavour, excellent for pies, keeps till April. open sides, and a roof that is raised and lowered as occasion may require. It grows now on the farm of a Mr. SQUIRE, South Orange, New Jersey, who has planted out a pretty large orchard, the young trees of which are all engrafted from this excellent tree. The few graffs that I have of this sort, I bought of Mr. Squire; he cut them from the original tree. I could not induce him to cut me 6. RHODE ISLAND GREENING. any more; he would not cut his Large size, heavy, close texture, young trees on any account. The green skin, yellow flesh, very fine apple is smallish, about the size of flavour, and keeps well till March. a hen's egg or less ; oblong form; 7. FALL-PIPPIN. Large size, red colour; rather more sweet than sometimes weighs a pound, yel-sour. Most excellent for Cider, lowish skin, yellow flesh, very fine for which purpose only it is cultiflavour, and keeps till Christmas. vated; mixed half and half with 8. NEWTOWN PIPPIN. Large the Harrison, the Cider is inferior 5. GOLDING. Large size, rich yellow colour, very fine flavour, and keeps well till April. |