Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1845-12-03
The News by the Britta MIA.

Now ,ha, tho fcverish excitement has moasur-
ably subsidized. think the following remarks
from the New York Mirror will be read with a.
ien,ion and profit. The Mirror says:
The arrival OF the Brit,ania has been looked
for with great interest. and those who are on the
look out for marveis and direfui changes. will
probably find stuff for exciting paragraphs.
Having. however. read tho important items Of in-
formation brought by the Britannia with close at
,enlion. find tho conclusion forced upon Us
that no volen, sudden changes or revulsions
need be npprchonded. /, has been known for
months. that the railway mania must meet with a
speedy check. and prudent people havc RETAINED
from cmba rking in doubtful schemes. and q
great deal of the noise has been got up by inter.
cs,od parties. or by those who, have nothing TO
lose, always ready TO raise storm that they
NAV havc chance of plundering the wrecks.
Tho Times has taken tho lead in disabusng the
public mind and unmasking tho swindiers; and.
in 50 doing, i, has done the state good service.
Much of tho rise has been purely nominal. and
Of course the gains fictitious; consequently much
of the apparen, fall will be of the same desctip-
iion-thc fall Of that if VIC may DO rardonod. tho
bull which never rose. the going out ola flamo
which was never kindlod That our view in this
particular is correct, is cviden, from the fact that
sound companies, divilend-paying stock. have OK
porienccd no rcyulsion, which must have been
tho case, had there boon general imitation. or
the actual incorporated companies. by far tho
greater portion. D9.tcNc,
| " lille on tho others great amount can have
been ac,ually paid in. aud tho Of tho terms
rise and 'lall' in reforenca to them. is merely
much more or less n0olslne. Tho difficulties Of
obtaining a Incorporation from Parliament
ge,hcr with tho necessity Of procuring the consent
of every individual holder Of property through
which railroads pass, have operated most favora-
bly, 10 check tho mad schemes a1oat. Who
therefore we do not deny that there will DO much
individual suffering, we prophecy thcrc will fol-
low from tho bursting of tho railroad bubbles,
general convu!son what is termed crisis.
With regard to a deficient supply Of food in
Great Britain there is substantial ground for
apprehension. The state Of the crops had been
fully known long previous to tho sailing of the
steamer. yet rise i'll grain had taken pace.
certainly would have happened had there been a
great or alarming deficiency. But suppose CT.
Britain wcro TO require supply from abroad,
thcro would DO nothing in this TO the
slightest alarm. Tho Bank of England
or in better condition to spare six or seven mil
lions of specie II necessary, which would DO tho
result of n large importation of corn. Tho lar
gcs, amount ever imported i'll ono year was about
three and half millions of qunr,rs. and oven
this immense nmount-muca larger than would
now be rcqured-would DO attended, with
rious arrangement of thccurrcncy. A portion
Of this would DO paid for IN tho inc roascd export
of British manufacturers md tho balance paid in
gold which would come from tho superb bundant
tho slish,es, ground for alarm this
If there DO any exception to remarks as 10
tho mprobability of anything approaching 10 n
CONFUSION, 1t is found in tho state Of ireland.
The failures Of the potato-crop even 10 tho extent
Of ono fifth or ono Xth, is very serious thing
whore population presses so close the
of subsistence. Blu: if urgent necessity requires
it, tho government could and would spare n mil.
lion moro for their relief, what would be
much botter mode Of aiding tho population, facili-
tato the carly commencement of some of tho pro.
jectcd railways in that country. We look
railroads much moro effective pnnacca for
tho evils Of ireland than repeal.
Tha, Sir Rober, Peel mny mako uso of,he np-
prehensons that have existed the subject Of Tho
harvest and tho supply. to bring about tho moditi-
cation of tho Corn Laws, we think highly proba-
bic. The change will be from sliding scalc to
4 fix ID duty. This is not unlikely to DO tho
great work of tho next session Of Parliament
Opening tho ports or extra measures Of rolief.
except perhaps for Ireland, in view ex-
,rcmcy improbable.