The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1849-09-08
MIR. CnRDEN,s E

MN OSbOA4N = ~ LASAA'
The following is a condensed report Of Mr.,
Cobden's late great speech at the London
Tavern:
Russia cannot carry on two campaigns be-
yond her own frontiers without coming to
Western Europe for a loan, or robbing the
bank. She never has done so yet without be-
ing either subsidized ny England or borrowing
money in Amsterdam. Having had opportu-
mites Of knowing much Of Russia, and having
visited that country and got a peep behind the
scenes, l am able to repeat that she cannot
carry OH two campaigns without coming to
borrow money from Western Europe, or else
robbing the bank of St. Petersburg.
In 1929 Russia was engaged in a wor with
Turkey; and after one campaign she was COM
PEELED to go to Hope & Co. Of Amsterdam, to
borrow 100000 of forms, That loan was
necessary to enable her to carry on a war Of
two years with Turkey, though Turkey was
then prostt ate, having lost her feet at Navarino
shortly before. Two years after, when the
Polish revolution took place, she could not
carry on that war Of nine months without con-
tracing another loan in Amsterdam. Now, l
would ask, could we not do some thing to pre-
vent Russia and Austria from raising a loan in
Western Europe again? They have not a cit
i2en in their own country able to lend them a
fartking Russia enjoys the credit OF being
wealthy, only because her diplomatists are
skillful and cunning men, who manage to dis
seminate falsehoods as to her pretended wealth,
but which nobody who knows any thing Of the
mattel will believe for a moment. They tell
YOU, for instance, that the Russian Emperor
has gold mines in Siberia, from which he could
draw any amount of gold, and l believe this is
seriously believed by some gentlemen in the
great establishment in Threadneedle street.
Now, | have had an opportunity of knowing
the value OF these mines. The Russian Cow
eminent does not work the mines itself, at all.
1t does not raise an ounce Of gold Itself, but it
receives a per centage on the working of the
mines by others, amounting in the whole tObe-
tween G7OO,OOO and 100000 year, while it
gets ten times as much in excise duty on the
ardent spirits consumed by its own degraded
and debased population,
But we are told that the Emperor Of Russia
has got a vast amount Of specie in the vaults
of the fortress Of isl, Petersburg. 1t is precisely
such a reserve as is kept in the Bank Of Eng
land-it is a reserve of fourteen or fifteen mil.
> lions to meet a paper circulation of forty mil.
d lions. And bear in mind that the present pa.
! per circulation Of Russia has been used to re.
d deem other paper money, which had ~deprecia,
ted from 3s. I'D. to los. 3D., or one-fourth. The
GoveEnmrnt is now taking up at los. I'D. III,
a notes that it before issued at IS, Adj, but 1t hal
3 done 80 mde- a solemn pledge that there shall
9 be a reserve Of specie in the vaults Of the for
tress Of ST. Petersburg 10 pay all future de
! mands, And yet the agents of Russia com
here and say that the Emperor has got Gl4,00O
t 900 or GI5,OO0,OO0 Of specie in his hands
' whereas he has no more right 10 touch it tha
! the Chancellor Of the E~xchequer would hav
j to seize on the reserve in the establishment i
Threadneedle street.
Asfor AustriO,I suppose nobody would eve
think Of lending her money, Why, she ha
q been twice a bankrupt within the last fort
e years, and her paper money is now down to
l. discount Of 1901 l6 per cent. Surely, thcnsn
one will ever think Of lending her money. BIZ
h the peace party throughout the country will q
Is this-we will raise a crdssde against ever
Government that carries on on unholy wa