The Express.
London, England, 1849-10-09 00:00:00

gbt Court.

Osmium, Ocr.ll.—The llama sad Primo walked
ilia morikas at as early kola is Osborn" park. Tim it Royal
Hislasnao tin Prins of Woo. tin Prawns Royal. ar d
Us younger nalloon at the royal family, yawl sad redo
sand. Thou woo so addition to U. royal doss=
yonorday. TIN Ron and B• o. G. Wallaby loft
donsoos. &r Juan Clark IA Wawa* piterday for
Luau.

A. talkiest esitseil was held yesterday afternoon at
the Pangs-ease. The Innis:en present were : Loyd Joh*
ftremell, the Lard Chimellor, the Margate of- Linedowas.
Sit George Grey, Taisoant Palmmtm, Earl Gni, the
Chaamlor of the Ezeliecesr. Sir Presets Baring. Loyd
Campbell, the Eight Hon. H. Lalmehere, sad the But of
Carlisle. The ismatll sat two bean sad • half.
Mr. Meerut Macdonald, governor of Sierra Lease,
had the hamar of ea interview with Earl Grey yesterday at
the C..leaisl-effor titan leave et hi. lordship prior to em-
barkation to resume ete goverment of that coney.
Mr. French, M.P., had an iaterviow with Lord
lan Dawn yesterday at Ms easial reddens, is Dowalsp
street.
Mr. John Wood, chairman of the Board of loland
Revenue, had an laternew with the Chamellor of the
chequer yesterday.
Mr. More VFerrall had as interview yesterday
wale Earl Grey at the Colonial.ofilee.
Despatches were received yesterday at the Colanial-
oSes from tle governor of Canada and abo from the
governors of thirstier Nor h Aaron= Collates.

PROPOSED AUSTRIAN LOAN.
GREAT MEETING AT THE LONDON
TAVERN.
We yesterday gave so much of Mr. Cobdenes epoch
at this meeting, to the hoard going to press, as time would
&law. The millowiag is a faller re O the prceeedings:
To CHAIRMAN, Mr 0. W. ' r said; I 'bold
have been glad if soothes ' bad been called on
Is 11l taii chair ; mast y I Amid bay, been glad if
id
nil Samuel Gurney bad at this occasion stated his
principles, which are so much in aecordouce with.the object'
which we hare met to day, witkreferenee to the impotimy
and f .11y of astiosty toprowing, money for the pogo of
malodolog mit ,linry areopisen% and of earryieg on
ofeassive *W Ais S. bit we boo everything to encourage
ise in the come e' 'have adopted. (Cheers.) There are
good grounds for begetter/ that toe time is nearly pared when '
rations will be able to obtain loans for the purposes I have men-
dosed. (sear.)
Mr. COBDEN come forward, and was received with load
and long protracted cheering. He said : Mr. Chairman and
Gentlemen, the resoled:at which I hold in my hand is se
Ooll,ws:
" That the government of Assisi* having proposed to raise
• loan in twerp countries, capitalists and men of badness
OM
iisreby invited to investigate the financial position of the
said overnmest, sad the probability of its repaying the loan
the proposed to be contracted; and that it is the opinion of 1
this mating that so valid security is tendered, or can be
allosel in the present mate of the Austria* government
aid* would jogaiy wildest .ea in taking any part of the
said loon "
It has bean my privilege to address my. fellow-country-
, maw 'middy as often, and in es greet a variety of places, m
any man now living, bet I will say, with the greatest col-
dest*, that duo sever was an occasion in which I stood
°Oen them ea more solid grounds of justice, humanity, and
political economy than Ido at the present moment. (Loud
sithers,) Objection ha been taken to the coons I have
adopted in *his matter, on the ground that I am not adher-
ing to mound principles of political economy. I supper
that was thought to be the vulnerable poiut in one
who had said so mob about free trade, but I
shall begin there, on what the enemy considers
his strong ground, and may, that having gone through the
:seek and breaith of the land, with Adam Smith is my
hand, to advocate the principles of free trade, I now stand
here, supported by the some Adam Smith, to denounce the
system cat carrying en war by means of loos, not only as a
medusa' waste, as a consumption of our own capital, but as
an h.juties to posterity, by saddling oar heirs with what
they have no right to pay. I gay that en all these grounds I
call Adam Smith to my aid, and on his authority I denounce
the system. (Cheers.) But, gentlemen, while I come here
to deposes as unjast, to expose as unsafe, to desionatrato
es impolitic, this system or lending money for the purposes
fur which Austria is sowing to borrow, I confine myself
there. 1 do not propose here advocating our going to par-
liament for a law to prohibit the lending of money. I only
come here is a humble way, as I did ia the cams of free
trade, to popularise those principles of Adam Smith, of
blontemaku, of David Hums, sad of MillnUoels, is whieli
the system of natimial mosey-borrowingfor purposes like
these el Austria is doomed as both unjust in itself and
Wariest to the Worsts of mankiud. (Cheers.) Well,
them, we ow bore eery and show toot fellow-coatrynteu
ia tire ind pima, that they will do woo ia pesecipla by
loan the pressed' of their isdissery and bud labor to the
AU/WWI goamment to be impended ia thea bottomless
eras:: wootsidams and eztravegarice, the sonialmonce of
standiag amiss. We some to show yen, era general
ollasiples, the impailal of liking soh • warm, but in this
ease I am net pion OD ellidloolapelfi:coal prieciples.
I appeal to every man who Woks of smog to the
Austrian govaramene toping, bosoms he is smog to entrust
his moo to a power which has thrice somaritted an ant of
bsaltruptey. (Loud sheers, end interoplios beingcaosed be
one dissentient, there arose general arises/ " Turn him out.")
Toro aobody oat. If it be • man who has sabereibed to
this loam, he esa only bare paid ten per cot. deposit ; and
if you keep him hen I will prove to him that it will be to
Nee interest sot to pay any more. (Loud laughter gud-
geon.) I will satisfy Idea that it will be more to his in-
terest to Orbit the ten per cent. he has paid than to m-
end any farther in the matter. (Continued laughter.)
Bet to resume. I say that the Austrian goverameat has
three times committed an act of bankruptcy, and done it under
circumstances of greet and scandalous injustice, where private
interests were concerned. Imperial interests lien taken
cue of ; but the great body of the creditors of the empire
were body sacrificed. (Hear, hear.) What has bon ths
progress et Austrian donee dace the great wart When
this government canto to oho borrow money, the least they
can do, through their agents, Messrs. Hope, LS to give us a
bona fide detail, a regular debtor and creditor statement of
their scoots. (Hear, hear.) We have no such statement
from the Austrian government, and, in the absence of such
Metaled otildall statethent, we an justified in seeking the
lust private authority we can find as to the actual
date of their affairs. I take in my band a work of
standard reputation. A work written in 1840. called
"Austria and im future," and well known to be from the
truadodßaron dodgem, who was last year accredited as oa-
r to this gauntry from the central Germon states.
The writer, after giving • moot detailed statement of all the
Yoko altefillogs, uranosavriags, borrowings, loans. lot-
teries—every possible device by which the Austrian govern-
ment had been endeavouring to maintain les finances fur 25
yearo—that is, from 1815 to 1840—to sum up, says,
From 1815 ' down to 1840, a period of 25 years of
profound peace, Austria or the Aastrien government
has doubled its deb- in nominal value, but quadrupled
it in its real amount, and increased the boost for
which it Is liable ten-fold." (Hear, hear.) This book
was printed alB4O, bat sines then aaliber volume has been
'added, and there the author says, " There has bees no ore
word to disprove my statements respecting Austrian finance
bat doe they were written sight millions has bees Ode°
to the Whoa deb'," (Hear, hoer.) Therefore we come
to this soricludon, that from 1815 to 1847 the Austrian
goveriumost, dosing a period of profound pew, no foreign
war during the whsia time on is bode, had gene en every
year spending moo then Ea theme, and was *modestly
adding to the aaticol debt Theo, in 1848, with an army
of throe or four hundred thousend men under arse,
came es that revolutionary epidemic which swept over
Europe, and the Austrian government fell like a house
of cards, notwithstanding all its bayonets; and from that
time to tits present, the oohs has bow in a doe of complete
anarchy sod confasism. (Hoar, hear.) Every one of its
capitals, Path, Views. Milan, Venice—all, except Inns-
gook—have boss lelaftelded by their own government.
no book at IMMO sowposeled cosh payment, while the
gliellelthent has the esportation of the precious
metals, to p thohnign creditor being honestly paid.
(Hoar, boar.) Ant dating all this anarchy and confusion
111 n t
lislirsrtulta brigliti en
the
'1 should be afraid to name
'sumipir 48:1711..P-gteofwghoita,ntra
iistr.,..veli...anantria4overancr
pottle.
forgosocial,
...ty. (a... hear.) And it is to enable the Am-
elia te redeem part of that enormous floating
gag gay have the audacity—l cannot call it by any
they now have the audacity to come
Oho the et Western 110 and ask hoaest
Swim_ t and AunOmim to part
Dwirgaitaftlthsir esraings, to lend their 7—that is, in
plain lap* to throw it Into a hettodese of hots and
entilogigamee. (Lind .bun.) I ask you, at individual
W ellmokted an act el bankruptcy tiro timer, is be sot
Mads'io mama it again, if It answers his pursue ? (A
lersolt) Well, the Austrian govensaost has every motive
to await bankruptcy ply for it is truly imperviable for
them, by any other meets, to get their fluaness strsight.
They sever an
_pay it. They may borrow seven mil-
lions to pey off a frotien of what they have en-
poildmil. They ask for it in rather humiliating
OM; but, depend upon it, whether in this
edgratil or abroad, we are only about the beginning of this
sof borrowiag for Os Austrian lf their
are to be retrieved by _ tbis is but • drop
In the omen, mad, beer ha miad. theg who lead their
II mosey first will be swamped by thsso ides mime after, with
whoa they must drive a mere MOM bargain ff they mean
to get any mosey at all. (Heat.) Who I state these facts,
i he not state them for the Wagtails of Mesas. Hope, or
early of the large banking firms to London, Amsterdam, or
Viso+. I pettedly understand that although therm should
not be • farthing paid of the Aurelio mean
that althook they should never redeem One e
arthing,ftill
it Wn be very pr,fitabis to those bankers and agents who
Mood the money through their connections and customers. I
Mir, he I hold is my hand the advertisement put
hob by the Austrian govenaent in our papas. This is I
my Jest dation fur coming here. We do not come here un-
nerressenly to rip up and opthe the ASISUOLS of Austria, or to I
seldom had truths without reason. Berl is no advertise-
god pat is, I suppose, at the apses@ of the Austrian as►-
onomost, and it levities everybody to siebeeribe AO
the leo, sad it is so asoommodating, that in Odor
that nobody may be excluded, it annousoes SO
persona may subscribe for as low • sum se MO

~-