The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-10-13 00:00:00

rly, affected excet

_ s to which the new poor law nas
how much more odious and revolting would not
those results have proved, had public feeling. been less

have b

,nsitivc

The Sor

House gentlemen are, however, we

neat, beginning to press forward, a step or two, in
The follow-

favourite measure,

statement in the Newcastle Journal may startle
ne of the well-meaning amongst those who have,
herto, looked with favour on the great Malthusian
meriution of t

e poor

ate of Somerset House have just issued an
nd of their pliant understrapper, Mr. Edwin
poor of England—at least those
are driven to the workhouse for
cived of the small measure of comfort
Christmas has never failed to bring to
iste of our fellow creatures throughout
' • ' in other words, _ that those who

reafter t

....._ , _
is upon our bounty and better feelings at
are to be denied the sl►ght indulgence of

plum pudding, and a tankard of ale

)1s are allowed beef and pudding
lding are, hencefor-
our workhouses—
are the victims of age and disease,
io less the victims of a spirit of com-
a in their form

beef and pt
the inmates of

employers. This,
Malthusians pro-

in the breasts of the class of labour-
ense of morality from which the poli-
iy profess to expect so

e preset

Law is a fraud in its character, and in
is authors avowed their design in
render the condition of the pau-
of the worst-paid inde-
bestowing the slightest

han the con

to the c

ich may have induced each
,rkhouse to a condition of
,00r law takes for granted,

lividual inmate of a

to speak)

profligate person.
these habits " of

)y means at once
ks to the efficiency of the
le deep hatred which possesses the
sers in regard to this sa-
to account, before deter.
he framers of the act have succeeded
ch they had in view. As to the " eco-
he new poor law was vaunted as the
st of a " rural police," as well as of
nissioners and sub-commissioners, be
,re deciding the question of " cost."

nda of t

Irth while to inquire, whether
rly pronounced to be inexpen-
violent disruption of old social

tends to place the order of labourers in
a state of hostility towards all other classes in the

, and whit

From the

Times

sition of the public to embark in
tuck companies, notwithstanding their repeated

The ea

assments, d

lands from us- some

•rations. The mercantile world in particular re-
the superintendence and the warning voice of
vatching over their interests, and not embarrassed
)linded and hurried round and round with them

lusiness and self-interest, to remind
aai course and the presence of dan-
direction the pole-star of real wisdom

id inw

i safet♦ i

We feel it our duty, as censors
als, to warn people against
not a gracious one ; but
constantly, regardless of
nd we have found our acconnt

s task i

of my faults is my friend; he who
nv virtues is my enemy." When, in the
and foreign loan speculations, we
sir danger, and pointed out that it
le or the system, however good, but
judicious application of it, that was
tion of success and warrant of ex-
__ sons regarded us. But there were
..ho did. If hut one person waa saved from
n, we had performed our duty. We earned the
3 of that person; but we obtained the respect of
d it is thus that wisdom, being confessed in us
those who have not the courage and confidence
tise it, we have checked, if not stopped, the
)n of many a false fashion and opinion, by the
general respect and impression. The appro-
ve commanded from our readers is not

lay of r

yen of the

was not the p
he particular

the result of one year's effort or of ten year's operation,
but of a constant and uniform course of determination

Burke has said that private persons may grow wiser
experience—the public never. Hence we have the
ntinual renewals of war and all its disasters, after
ort intervals of the blessings of peace ; hence we
ve, at the interval of every ten years, as near as pos-
)le, a general burst of speculation, succeeded by a
I panic. We endeavour to combine
dom and activity of individual action with the
eight of public opinion, and to bring both
zood upon all points of general use and
confine ourselves at the present moment

.1 ruin

tock companies.
concerns are opposed to some of the first
of private partnerships and trading. The
first principle in a private partnership is the choice of
)ur own partner, and the consequent power of dissolv-
nership whenever this choice ceases or changes
r side. This choice involves the character and
of the partner, as well as his means and capi-

)n eat

this account, and as essential to this principle,
rate partner may transfer his share, or introduce
meatus another fresh partner ; but he may dis-
he partnership at any time, either wholly or in
ithdrawinc his own particular share, accord-

) the value of it

But a public company cannot be dissolved at the
id, as incident to this pecu-
lust be at liberty to trans-
and

1 of any one

his share, w} ,n desirous of quitting business, .
introdurc.. a fresh partner of his own choosing,
^hoice or good opinion of those with whom
-;ated. This, therefore, is the first ef-
-ociations—that persons engage in
"ss, who may be also

thus to introuuc

ho are ignorant of bu

nd character, who may even'be with-
beyond the particular value of
be little or nothing. And
_f with another principle, which is,
that the concern shall be carried on by a board of di-
rectors ; for, as there is no security that all the partners
shall be competent to the business, some choice must
brill have the affairs confided to

)ut abilit

and this may

made of thos

in order that some degree of stability and know-
ledge of business may he secured to the management.
'he rest of the-- • • 11,: so that not only is
—,ledge of trade,

Ts lie I

of traditi

les almost without

rye of capital, but'it is a means of inching mo-
eness, in compulsory idleness : for, whereas
to concern every partner has a right to look
to check at least, if he does not
onuuct of

accounts

e business, in a public part-
tors are excluded from this control,

I all intimate knowledge is kept back from them.
knd on this hinges their merits in the eyes of most
vho are the supporters of these concerns. To
emb2rk in business without being a man of
, to be able to share in the profits of trade
without a knowledge of trade, or any education for it;
zthout abilities, without character, without any atten-
exertion—this is so tempting a bait, that there
is sure to be a plentiful influx of adventurers into any
concern that has the slightest promise in it, and
nlv of me—

he able to

busines

ton or

stns beyond what private partnerships
will risk in proportion to the object. The very exclu-
sion from inspection is rather accepted as a privilege,