The Daily Times.
Liverpool, Merseyside, England, 1860-07-31 00:00:00

OF HIS WIFE !

Tipperary men are famous all the world over, and
Tipperary women are famous, too, for—their fine classic
figures and beautiful faces. Now, is a
famous place is Tipperary—nearly as famous as the
town of neat Clogheen, where Sergeant Snap slipped a
shilling into the heel of Paddy Carey's fist and " listed
him for a soger." And it came to pass, as'very like it
did, that near to the foresaid town there dwelt a young
gentleman, named Mr. Micky Cane, a hard-working,
industrious, honest "boy," on whose head some four-
and-twenty springs. surutfiel, autumns, and winters, had
shed their sunshine and their snows, but there was no
visible effect of either on the fine, broad, and manly
brow of the Micky aforesaid. That mischievous
scoundrel, Dan Cupid, about three years ago, was On a
tour of pleasure through Tipperary; for it is a fact that
the urchin visits that country in his peregrinations. He
looked at Mister Cane through the Irish-diamond eyes
of one Peggy Shea, and although Mick had been
attacked several times with sticks and stones, and other
weapons, he was never subdued before. A Russian
cannon, nor a Sikh rifle bullet, would not have made
such a hole in the left side of his breast as one glance
of Miss Peggy's orbs, for
They'd mile glisters on one's heart
p4t hat's a trick of nature,
And not the fault of Peggy's eyes,
The darling ;Luckey creature!
And many a pliant hour Mick took to whisper soft non-
sense in the neatly-sculptured ear of the darling Peggy;
for he told her about

Ruckshins at elections,
And faction fights in country fairs,
Which won the maids' elections
And sq she ioved hint for the dangers he had past, and
he loved her, not for the money that she might get as a
fortune, for he preferred her to all the gold at Ballarat,
or the richness of the Golconda mines. At last the
happy day came, and the village bells of Killenaule
spoke as plainly as bells could speak that Mickey and
Peggy were joined, never to part, until that fell ser-
geant, Death, with his old scythe, would cut the
gordian kuot that was so strongly tied by Father
O'Flaherty. Days of bliss, hoviever, are like the visits
of the ethereals, "short and far between;" for thirty-
six moons had not nightly gone their circled orbs until
a change passed visibly over the fair face of Mrs. Cane.
How did it happen? Did she prove false to Mick ?
No ; for once a Tipperary girl pledged her faith, she
clings to the object of her affections like the ivy to his
friend the old oak tree, or the ruined castle tower.
That Peggy had a sister at home, and Peggy bad a siter
abroad in the land of stars and stripes,' and the latter
wrote to the sister in graphic and glowing terms of that
land of liberty and slavery, and sent money to the sister
with the view of getting her out there. Tile sister
having great influence on Mrs. Cane induced her to
leave her husband's rout, and by the aid of a modern
innovation, on Sunday, called a railway—a mysterious
affair, carried on by a chemical amalgamation of coal
and water—both flew away from Killenaule quicker than
people used to run away from the plague. Oh ! happy
days! there never was any luck since the time we used
to travel fourteen miles in fifteen hours on the top of
vehicles called the " Flying Clog," and such other
names, indicative of swiftness ; when le payed the
"game of the read," ?or elandifs df PMich,. and gqt
dow4 at least at seven public-houses in every three
miles—bat, alas, tempura mutantur When poor Cane
went home that evening, the warm smile of fair Peggy
met him not—no children ran to lisp their sire's return
—the door was locked—all was a blank and dreary
mystery, and Peggy was nowhere to be found. He
sought her that night and he sought her next day, and
he might have sought her till the day of judgment, but
would never have found her about the loved haunts of
their play. At last a neighbour not only raised the
veil from before poor Mick's eyes ; but she restored him
two "articles" thalt had, been entrusted to her by Mrs.
Cane--one of these was prized by Mick next to Peggy,
and that was nothing less than his last " baby," aged
ten months—the other was the key of the door ! Poor
Mick ! he felt very ranch like that ancient lady whose
habitation was

In a shoe,
And had so many cilildren
She didn't know what to do.

'Twas even so with honest Cane; he never looked at his
thrash-bag —the substitute for a Milner's safe—to try
whether it was in a state of plethora or not, and then he
cudgeled his brains, when the truth flashed on his mind,
and his determination was at once Axed. What is good
for the goose, it is laid'down, is also good for the male
bird of that gabbling community, and so the means that
enabled Peggy to "levant," enabled her spouse to, follow
her. It is now only about a hop-step-and-jump from
Tipperary to Dublin, and once there tidings were soon
obtained of Mrs. Cane. Love lent Micky counsel, and
in return he obliged the young gentleman with a pair of
"peepers," as it is a well-known fact that the juvenile
deity is said to want optics, and so he came to Liver-
pool, and after due and diligent search sure enough
he found her on board a ship in the river, bound
for New York, the companion of her flight being
her sister ! Prayers and tears were tis,,,d, in yain ;
coaxing and threatening, and, the recollections of
the olden times, were fo'rcihly urged, but all to no use.
Wowing de'Sciiptions of the misery` cif the two children
were placed in vivid colours before the eyes of Mrs.
Qane, but these failed to move her—cruel Peggy ! Now
there is a gentleman named Mr. Kehoe, a chief super-
intendent of police, who locates in Dale-street, and this
gentleman is a sort of Judas Maccabttus, tlAt.c.cincuers
all opposition. Mr. Case toltd Mricehoe his story, and
M.-1 liehoe liSteue4 with'attention, and llis good-natured
Oar( could not help feelitig tnr " The Tipperary Man."
Nov Mr, Kehoe had read Coke upon: Littleton ; knew
Blackstone from cover to cover ; had over one thousand
times heard the eloquent Mr. Bluck descant c7.1".-t,,rit:44
Law :" he knows all the acts passed 'fibirti the days Of
Williamßufus, down to 'die. benign reign of Victoria
'ate' Firet ; but yet in all these Lycurguses he failed to

discover any precedent that would enable him to act
legally in the restoration of Mrs. Cane to her
sorrowing partner. Glorious Constitution this
where a woman can run away from her hus-
band, provided she does not run off with another
man, and when in splendid contra-distinction to
this liberty, if a man, in the heat of passion, or the
madness of drink, or the rage of jealousy gives his run-
away wife a tap on the jaw, he is sure to get three
months on the " mill" for such innocent recreation !
Some great lawyer, no matter who, has said he could
shove a coach and six, with eighteen outside passengers,
through any act of parliament that ever got the royal
assent, either by sign manual or commission, and so
Mr. Behoe thought too. He cogitated for some time
and then gave certain instructions to that prudent and
respected officer, Mr. Cozens, the crier of the police-
court, and he, fvtified with the moral law, went on
board the ship, 'gild by his blandness, he succeeded in
cozing on shore with Mrs. Cane who met her husband
at the Police-office, Dale-street. The feelings of other
days came fresh and gushing, like a spring tide, over the
heart. of Peggy, and, with a wild shriek, she dropped
into the outstretched arms of her darling Micky. It is
needless to make our reader's eyes feel in the melting
mood, because there were tears enough shed, and broken
sobs enough heard, in the room of that temple of Justice
in Dale-street, on the memorable occasion. The last
act, and scene, comes now before us. Messrs. Grim-
shaw, in whose ship Peggy had embarked, with a degree
of kind benevolence that merits praise, on the facts being
made known to them, at once returned the passage
money; and poor Cane having gone on his knees beside
his wife, both showered benedictions nn Mr. Kehoe's
" honour," and promised to remember him and the
Messrs. Grimshaw in their matins and enrf,Tv orisons,
all the days of their lives; and thus they returned to
Killenaule, and if they don't live happy hereafter, that
we all may.

HOW OUGHT THE £9,000,000 TO BE

RAISED i

The unanimity with which the defence proposals of
Lord Palmerston have been recived is expected to pre-
clude any prolonged discussion of them. The only
point for difference of opinion will be as to the manner
in which the requisite £9,000,000 is to be raised. We
are asked to select between Consols and Terminable
Annuities. As to the relative advantages of the respec-
tive methods there can theoretically be no difference of
of opinion. Every prudent person in contracting a
debt would lay the foundation for its redemption,
and, if possible, by, a. process that should effect it
in an automatic manner, and occasion him no further
concern. It is this that can be achieved by termi-
nable annuities. Of course consols can be redeemed
also by an annual provision, and at an average market
price, which would involve as much chance of gain as
of loss ; but it is felt that if this provision is left
dependent on the occurrence of a surplus, or upon
special sums being voted from time to time, it will
most likely he neglected. By terminable annuities, at
all events, we avoid both trouble and uncertainty. But
the question, is, are the conditions of choice equal ?
Even if they are not, it would be worth while to incur
some moderate sacrifice to gain the conveniences
which one form of loan presents over the other.
The general view has been that the sacrifice
required would be moderate. The discussions already
raised on the subject, however, have not been favourable
to that conclusion, and in the Stock Exchange and the
city the opinion unquestionably is that the difference
between the coat of a loan in Terminable Annuities and
in Consols would be far beyond anything that would
be justified even by the advantages which the former
are admitted to possess. The majority of experienced
capitalists seem to believe that there will be no dis-
position to subscribe for the proposed thirty years'.
Annuities at terms which, after allowing a due provision
to replace the principal, will yield the holders less than
31 per cent. per annum. Console, on the other hand, they
would take at a price to yield only about 34 per cent.
The nation, therefore, would pay a difference of nearly
one-half per cent. on the entire loan for the full
period, and would find at the end of the transac-
tion that they had actually disbursed almost £2,000,000
more than they would have been required to pay if
the £9,000,000 had been borrowed in consols, and
a sinking fund had been established for their extinc-
tion at that date. Even the present value of an
annuity of a half pat cent. per annum OR £9,000,000
for thirty years would be about £850,000. So that
the actual and immediate cash loss would amount
to that sum. It may, perhaps, be contended that
the tenders will be far more favourable than has
thus been assumed; but that is a point which, unfor-
tunately, can be determined only by actual eueriment.
It must be remembered not -merely that Consols com-
mand, from their superior marketability, a higher price
than any other security, but that they possess the
advantage over Annuities of being free from liability to
unjust pressure of the Income-tax. Those who subscribe
for Annuities must not only calculate the weight of the
existing tax—they mast assume its continuance,
and also the probability of its increase ; and as
uncertainty is one of the most expensive elements
in financial affairs, the insurance exacted against
this contingency will be heavy, especially as
it is found that no pledge from any Minister on the
subject can be relied upon. True, it may be urged
that as only a small portion of the £9,000,000 is to
be raised immediately, the chance of getting a good
price fox it will be proportionably increased; but
the dealers know that a small loan in an exceptional
stook implies a narrow market, and that very adverse
calculations must be made on that account. For
this reason the Turkish 4 per cent. loan, guaran-
teed by the English Government, may be bought at
nearly par. Finally, it is to be reared that while
the moral argument is altogether in favour of
Terminable. Annuities when there is anything like a
fair choice in comparison with Consols, it is unequivo-
cally against them if they are to involve an extortionate
sacrifice. There is a vast difference between the bor-
rower who seizes every goad opportunity of giving
smoothness and stability to his future plans, and one
who feels that his want of firmness and self-control is
such that there will be no chance of his fulfilling a
future duty, unless he, ties himself down at once and at
it,n3: cost. The public, therefore, must remember that
among the sacrifices which Terminable Annuities may
necessitate the national character is more or less
concerned. If we cannot trust ourselves to exer-
cise such economy as is expedient, and to make
with punctuality any annual provision we may haCe
agreed to be desirable, unless there is some contrivance
to render a violation of the plan impossible, we are but
like children with a money-box. Qur statesmen may
act down, to this low estimate, or take the bolder course
of encouraging the nation to assert a higher capacity.
Unquestionably all financial authorities would view
with regret a necessity far borrowing on the dearest
terms as a consequence of a condition so irrational.
Moreover, it is impossible not to apprehend that the
rigid virtue which terminable annuities are supposed
to possess in enforcing an extinction of debt is more
apparent than real. A nation is not to be deceived
into economy, and if it is resolved to spend money,
the money will be borrowed in ane way or another,
or existing liabilities will he ppstponed, in the face of
all previous eontrivAncee to, the contrary. We have
seen both Mr. Disraeli and Mr. Gladstone renewing
the Exchequer Bonds, which were created on onerous
terms in order that we might be compelled to ex-
tinguish them at a specific date ; and this exhi-
bition flir more than counterbalanced all the fine
moral felicitations with which these securities were
originally introduced. On the whole, there can be
little doubt that Consols now constitute our true
-financial resource. Notwithstanding the magnitude
of their amount, we may comfort ourselves with the
reflection that in their burden they represent little more
than half the annual sum that other nations, unable to
borrow at less than 6 or 6 per cent., would he compelled
to pay ; that this burden is being largely, although im-
perceptibly, redaeed year by year through the gold dis-
coveries,and that during the past generation such portions
of the national revenue as might have been appropriated
to their reduction have been given up to the much better
purpose of putting our commerce into a position to com-
mand the world, and thus of producing an augmentation
of national wealth which, could the total be laid before
us, would make our debt appear, if not a "flea-bite,'? a
matter upon which even the most anxious, of mu econo-
mists might look without anxiety.

LIVERPOOL EYE AND EAR INFIRMARY, MOUNT-
P.LF.As4NN.--oo4s,ulting Surgeon, Hugh Neill, Esq. ;
Surgeons, Dr. R. Hibbert Taylor, Dr. Nevins, T.
Bickerton, Esq. ; Assistant Surgeon, Robert Batty,
Esq. ; Treasurer, J.. Q. Livingston, Esq. Report
for the week eliding. July 28, 1860 :—New cases :
Eyes, 106 ; Ears, 45. Prescribed for, and received
surgical assistance : Eyes, 410 ; Ears, 165.
The execution of John Fenton, the Walkeringbam
murderer, is fixed to take place to-morrow (Wednesday).
The ancient festivities connected with Eton College,
enjoined by the founder, Henry VI., were observed at
Eton on Saturday last (Election., Sathirdey) in the accus-
omed manner, the day prqulatmi considerable attractions
for old Etoniats.

The Pi ogres of Lyons says that the administration of
the telegraphic lines has now under consideration a pro-
ject for affording the public the facility of transmitting
sums of money by telegraphic despatch, so that the office
at Marseilles, for instance, on receiving a deso.4 an-
nouncing the deposit of any sum in another office for
the benefit of a person, issidimg. there, would at ()Lee pay,
the amomit into his hands. This innovation would cer-
tainly ise4a 'great advantwe on many occasions,

T. Barre,
I,,ohdon, and tlt,V will receive'
to.e,nd their address to ti.
I:;i.o.cittt,?sr
andreaate.rresgeenrt:sptreet I The
"INVALID'S OWN GUIDF " ^r
Natural Restorer without Medicine or expen„, 0,
~,,,,,I,
diFestic,ri, strong ner.Tes, s.oun.l lung ~..f....Aa r,.:..„2,4tng 1, P;7"
lee to
the moat enfeebled, in.ttrinc,,r ~o.tenaovay.o
constipation- r-1,-,i11.1-*8 A the sfollAs.ch,
t. Inclizestion (dvs-
epilepsy, pais.-
'Marion cough, asthma, con-
il3t,iltitc,,,.tilizipsy., Autulenct, diarrhoea, dysentery, biliousness,
..`,leNtirg, sore throats, catarrhs, colds
Plgissi,ad'ebility, neaviiusneist pal
, noises in . the ears,
rheumatism, e-put, impurities, eruptions, hysteria, ;paA*l*a,
irritabilit,
th sleepl-smess, acidity, palpite,tait•n, heiitbum;
headache, pondeney, cramp, spe...znis. aili.itinit fits; :bi.ol-..
i chiti; also children's complt.Latz. ' -.;--.
1 “Luquestion.ably the West-o%llde to health.''.