The examiner. [volume] (Louisville, Ky.) 1847-1849, 1847-12-04

or Exchequer BAhl" This was frirlitfal
blow to The credit ia the salae Of The National
Funds, and it inslahtly pafsiyzed dem.
The Bank thus Saascd The Panic on the h OF
October, BY refusing to advance upon the public
funds. Lord Joliis Rnssel orders them te adj
vance ON these fulais ON the 25th. and tho panic
disappears. Bat de Bank deslroysa the relief
offered, by taking back the notes tssue,l, and
the Panic eontinuei Rsver,ing TO these hets a
London Journal remarks:--
This was the Paiiic. Who does DOT see that
| il was wholly extrnsic 10 the previous general
pressure, and distinct from i'll Who does not
see that the Panic was entirely the deed Of the
Bank Managers They paralyze The Public
Funds on the LIST Of October, by unexpectedly
refusing to advances upon them at any prices and,
10. the Panic Instantly appears Lord Join or
ders them on the 18th TO advance on the Public
Funds at eight per cent, and, 10. the Panic in
stantly disappears. The whole process was an
exact counterpart. in principle, Of The Panic
which occurred in the Spring. The Bank Mana
gers laid the foundation for that in the beginning
OF this year, by re.kessly dscounting, and adj
vancing, and tampering with the market price
| of money, in face Of drain Of gold amounting
to millions. They did not raise their rate to five
per cent, until the 9Th Of April, on the 18th the
placed further restriction on their loans; they
refused to advance on Exchequer Bills IN the
first DAYS Of May, ind on the 9TH Of that month
they suddenly consentedto advance Upon them.
This relaxation, followed by the act Of the Chan
cellor of the Exchequer, announced on the llth
| of MAY, Of discounting the Irish loan, by which
a great supply OF money was poured into the
Bank and rendered available for advances, dlssi-
pated the Panic which had arisen from Tie ORR
gnal profusion Of the Bank Managers iollowed
BY their subsequent contraction. Thus the two
Panics Of this year have been similar In their
origin, in their course, and in their subsistence,
although not precisely identical in suberdi nate
particulars. Both originated IN the upl'ridled
greed of gain Of the Bank MaHagers,-weie con-
Quoted in defiance of principle and duty, and
with utter indifference TO the happiness and for
tunes of others-and both were ultimately allay-
Cd by similar means.
| We think the next steamer will bring better
news. We hope, at least, that the Pane and
Pressure are over.
IRELAND, as our readers are aware, is in {. sad
condition. The Lord Lieut.. has declared that
hereafter ireland must care for herself. And
her leading men are preparing to do it. Aueet-
ing has been held near Waterford which prom
ises to do good. II was attended by the gentry
and large body of the people. Mr.. Barron
NJ. P, offered the first resolution which was:
"That the present state of relations between
landlord and tesanl, is marked by contention
insecurity, outrage, injustice, misery, and, alas
sometimes by blood"
: The conclusion by the meeting was that mt
Just landlord would be such fool as TO bis owr
interest or knave te the tenant, as TO deny tenant
right. What this ''tenant-rght" is, the mex
resolution defines thus:
That the main feature Of the custo m Of ten
ant-right is, that the occupier cannot, whether
he be tenant frcnI year 10 year, or on lease, b
elected from his holding without his being al
lowed 10 sell the occupancy or possession lin
Guiding his interest in any Improvements mad,
by him. TO the highest bidder, due notice being
FIRST given to the landlord, that he may hav,
an opportunity Of competing for the purchase
aud the latter being also secured in the payment
of all rent due to hun out of the proceeds Of the
sale.
> Parliament was to meet on the 18th. Tn,
Bank and Panic, and Ireland, will probably
keep it busy through the hOlydays. We mal
, lock for a thorough examination of the cur
I rency question, and some legislation, which
may give a new and brighter day to Ireland
FRANCE is tranquil. Reform banquets are go
ing on, and Louis Philippe is erecting new fort
around Paris. Tn, two new ones, of Canon
vile and S'Maur, give entire control Of the cit.
to the Military.
SPAIN. Christine controls. Her first step Ina
been to fill her own purse. Her next was to n
the palace with her favOrites. The end will De
another revolution!
SwIrzERIA AND seeas on the eve of civil wal
We think 10 will - avOidea, howessrS for th
Swiss know its coat, and understand the DANCE
of foreign interference. The first blow will in
sure the latter, and the result none can forete
The inquiry is often made, first, what is III
relative strength Of the two Partiesi and second
what is the SOnderbundl The table below wi
answer the first question.
The Liberal cantons consist Of twelve an
two half cantons:--