The Express.
London, England, 1868-08-17 00:00:00

OUR CONTEMPORARIES.

(THIS DAY.)

TBZ THRONE, TES CEITACE, AND THE

Apropos of the tory

ion at the Czys-

tal Palace to-day, professedly in support of "the throne,
the church, and the constitution," the .Daily News observes
that such a mingling of politics and pleasure, of personal
enjoyment and triumph, must prove attractive to multi-
tudes. To fight a winning battle by namely showing one-
self in holiday clothes, to have a share in saving the time-
honoured institutions of the land on the small condition of
a trip to the Crystal Palace, is an opportunity not often
given to Englishmen. This rallying cry of " throne, church,
and constitution," is, holm,* simply an imposture.
It is an attempt to shelter an tesiefensible injustice under
the strong shadow of unassailed and unassailable institu-
tions. The Irish Church Establishment is an confessedly
weak in the universal knowledge of its injustice that uo
chance remains for it but that of working on the fear of
change. The truth is that neither throne, nor church,
nor constitution, needs this noisy defence, nor has our
Protestantism fallen so low as to fly to faction for its
succour.

The 7Wegroph contends that the Crystal Palace was not
intended for demonstrations of this kind, and trusts that
no mischief will result ; but the fact remains that a palace
of mirth and cheerfulness, of architectural and sylvan
beauty, is to be converted by a knot of gloomy, 'actions
bigots, into a vantage ground of furious political speech-
making, which must provoke violent ebullitions of dissent,
and may lead even to mob violence and outrage.

DS. PITSIT'S APPIA.L.

Admitting that in the appeal made by Dr. Puny to the
Wesleyan Conference for sympathy and help, his sin-
owity and earnestness are apparent, the IVillOl neverthe-
less remarks that it is impossible to be surprised at the
rebuff with which his letter was received. The letter indi-
cates that his cause must be is extrosio, but even the
strange spectacle of Dr. Pussy appealing to the Wesleyan' is
not so expressive of extremity as the substance of his
letter. Here is the head of the party of resistance in the
most conservative of universities proposing the establish-
ment of Sodnian colleges within the university, and, what
is more, that the endowment should be provided out of
the funds of the old colleges. If this can be quietly pro-
posed by Dr. Pussy, the Aims dose not Bee what
conscience need be borriAed at any proposals which have
yet been made for dealing with endowments.
Dr. Pusey has done his best to bring the matter to this
issue—that all religions and all irreligious must be allowed
a place within the University, and the only question is
whether they shall all be invested with the authority and
support of the State, or left to And their own level. If
this be the last card in Dr. Pussy's hand, it is difficult not
' to conclude that the game is " played out."

The Dior gees in Dr. Puieji letter a curious sign
of the times, fret in Dr. Pussy's approach to the Wesleyan
Conference on such a subject, and next in the reception
his appeal met with at the hands of the Conference. The
incident has a moral and a significance of even wider
scope than that which would merely belong to the na-
tionalising of the great universities.

"FINANCING."

Commenting upon the action brought by Sir .7.
McKenna against Mr. Ilsborne, the Daily News observes
that the mingling of a bank holding the deposits of the
public with the dinepatabie " financing" of the last few
years is utterly indefensible. Imagine such houses as Coatis'
or Glyn's uniting with "the Credit Fonder and Mobilier
of England" to float bubble companies. More diffi-
cult is it to imagine that such an establishment as the
National Bank should be allied wren in name to each

doubtful schemes as the Imperial Land Company of liar•
settles, the Lundy Granite Company. the Peruvian
Railways Company, &e. By some mysterious legerde-
main. these schemes were made for a very brief period to
appear successful : but where are they now f The answer
is very easy : they never had any real existenoe; the
market was " rigged " by somebody, and from these
facts, whoever or whatever the cause, follows the depre-
ciated value of the National Bank as • property, and this
unfortunate suit at law.
She noes cemtenda that, judged by the proper com-
mercial standard, the real condition of the Credit Fourier
must have become obvious to every business man in
the City. Inderd, it requires no special knowledge of
commercial matters or genius for finance to see
that the undertaking was radically unsound. It is
impoeaible to suppose that the directors of the Credit
FoncMr, giving them as much credit for honesty as they
claim or deserve, could have discharged their duties pro-
perly. Their peculiar case, however, presents another
point, fur which the law is undoubtedly bound to make
provision, if no provision already exists. They are loudly
accused of having received handsome cash °Dominions
upon what they chose to call "profits," but what the
shareholders declare never were profits at all. It seems
to the Tares self-evident that. unless they can rebut this
accusation, they must either forfeit their claim to be
considered honest men or return their commission.