Herald of the times. [volume] (Newport, R.I.) 1849-1856, 1853-11-10

Gnt " lr. A. cris.s has called ihto az lion, u
the difficulty OF tndiog money is un-
donbted'y lie most po,ent The Chan
cel.or oi the Exchrquer is, as MIR, Glad
STONE truly observes, er obicio man I.
of peace. The dIiheo'Iy ol making both \
ends meet r-nders the prospect oi war. 4
appalling as II is al all tlm,s, douhly II
appalling 10 n financial minister. That
wh,ch cuts oH Tho ways ard means,
wh.ie II enorm ously increases the ex- |
rendIare-which dams up the sources
ot TAXATION at the very moment when
u "a "faining them dry that which can /
convert surplus into fefrt, and n |
d' tict into hnnkrur'ry-'s Il legitimate
object 81 financial ahhJrrence.
Austria cannot keep The excess ofex- |
pcndhnre over iacome within ,he mon
sirous amount oi fifty III iilions OF fiorinr.
Ia France, Imperial onn'potence cal
not cOcrce The budget within reasonable
dunens ous: md even We show too much
pride nj our surplus Tor persons who rt-
gard II as durable and permanent
possession. But there is one man in
the world and that man Finance Min
ister, who is troubled with none ot these
dificulties-nay, 10 Iust now suffering
under difficulties OF precisely contra.
~ character. The American Sccreia-
ryOi Stale. Mr.. Guthrie, is prosecuted
by an obstinate surplus. which clings
10 him like the Old Man Of the Sea 10
The neck Of Sindbad, and Is perpelpaly
claiming appropriation where no
means exist Of devoting TO the public
service the superabuntant ricnes oi the
revenue.
1t is refreshing 10 turn from the con.
temptation OF the worn ont and eHe c
despotism of the Old World, where the
revenues Of the Slate are absorbed by
proftIess standing armies, and squan-
dered in the maintenance OF a police
employed TO suppress thought, and Of
spies organized TO detect ii-whcre the
annual deficit threatens to absorb in its
ponderous jaws all, and more than all,
which can be wrong from the exhaust
cd peasantry-to this new and vigorous
country, actually bowed down by the
weight its own prosperity, and en-
barassed in selecting those burdens
which il 10 actually compelled by
the force OF circumstances 10 re-
nit.
With us, when little surplus gives
us the oppo, tunity OF remission, there
dy, so many grlrvancrs 10 redress that,
the difficulty OF selection 10 extreme, and
every remission gives almost as much
pam as pleasure, by the disappointment
il nnicIs on the advocates OF other re-
missions. In the United States the diff
es!ty seems not 10 choose which oi a
number Of pressing cas,s is the most
urgent. but TO find any pressing case at
A f,,t In al
tic brethren on the exuberance Of their
resources, and sincerely hope :hat the
difficulty oil finding tax TO remit may
be the only one which their Chancellor
OF the Excheque- will ever have 10 ell
counter. London Times.
preamble 10 the Proposals for u
Bank, issued when the Massachu.
se'ts Bank was first projected, reads as
follows =
Taught by the experience OF many
Nations that we'll regulated Banks are
highly useful 10 Society. as they pro.
mote Punctualty IN the Performance Of
Contracts, increase the Medium Of
Trade, facilitate the Payment OF Taxes
prevent the Exploration of and furnish
II safe Deposit for Cash. and in ne
way Of discount render easy and expe-
dI',ons the aniicipations Of Funds at
the Expense only OF common Interest ..
whilst Dy the same Means they advance
uie interest OF the Proprietors: We
hc Subscribers, desirous of promoting
such an Institution, DO hereby engage
10 take The Number Oi Shares sci ayaInt
our respective Names, in Bank 10 be
established, &C.
This was the fret baak established in
Boston, and Incorporated by an act oil
the General Court, Feb. 7, 1885. Its
rules we're
Proposals for discount at the bank
must he sealed up and lett at the bank,
directed 10 the cashier. between the
hours Of ten and one on Mondays. The
rate oil discount is one half per ccntum
per month and no discounts aye Tor a
longer time than sixty days when arli-
eles oi merchandise 'r other securities,
must be deposited to secure the pay
nent nor is the discount for more than
thirty days on personal obligations for
discharge OF which enc or two persons
must become bound BY endorsing their
names on the order ior discount. When
any specific articles are deI osi,ed Tor
security, they will be sold nj public auc.
fion il not paid within three days of grace
after il becomes due
In l740 there was an attempt made
TO get up manufacturing bank on land
security but this scheme was disap
proved OF in the mother country, and
finally put down by the government, bu,
il came nigh creating a revolutions
equal 10 that brought about by the
stamp &C, in later years Boston from
script.
LOLA MosTEz.-A California CORES
Pondent oil the Nashville G. zelte gives
an account OF the recent dolngs oil Mrs
Patrick p. Hull. Maret Heald, Counties,