The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-08-09
Rnsineas and Money.

| IT is a favorite device of partisans to asoribe
the condition of trade, the ease or stringenoy
Of the money market, and things Of like char
aoter to political causes. AT the present
time there is a dullness of trade all over the
world, and yet superabundance of money.
The Bank of England has reduced its rate of
discount to two per cent. Less than year
ago it was at ten per cent. Business is quite
as dull in England as it is here. An English
paper says that the ''most remarkable features
attending the present reduction in the Bank
rate, are that neither the cheapness of money
nor the abundance of the supply appears to
exercise any beneficial influence whatever
upon the course of commercial business or
general trade. No one evinces disposition to
extend business operations"
The London Times adds:-"It is humili-
ating feature of an epoch supposed especially
to be one both of mercantile enterprise and
financial public faith, to find it thus proclaimed
that English capitalists can discern no opening
in trade, and no home or foreign adventure
for the purposes of social advancement or in
ternational progress, in which money can be
employed with any prospect of advantage on
these terms.'
Such are the facts, and they are not to be
explained, either in our own or in foreign
countries, by the theories of partisan politics.
A DIsLoYAL JUDGE EREMovED.-General Sheri-
dan deserves the thanks of the country for the
removal of Texas Judge who had rendered
himself particularly obnoxious by his disregard
of the law, and his outspoken defiance of the
Government. He has also removed another
'fmpediment" in New Orleans. Sheridan is
evidently master of the situation.
The CHANGE OF RIEs.-Regarding the
situation in Rome the New York Times gives
the following mparsons:-"How the Holy See
has gone topsey-turvey within few ages is seen
when now the expedlency of shielding it is
coolly discussed in the Italian Chamber of Depu-
ties; when Garibaldi declares "a Roman insur-
rection shall take place. when the Catholic
Telegraph tells us the Eternal City is 'menaced
for plunder by lawless band and likely to be
seized by a few lazzaroni.' Eight centuries ago.
Pope Gregory VII was supreme over all the
monarchs OF the world, and bent Henry ~ of
Germany to his will. Six centuries ago, Innocent
III carried the temporal power of Rome to the
zenith of possibility. Once Pope put France
under an interdict, preventing the sacrament
from the rich and burial from the dead, excom-
municating the King, and annulling his mar
riage-all because this marriage was to a cousin
in the fourth degree. Once Pope could put
monarchs TO do grievous penance, and Celestinus,
while Henry vi was on his knees in homage to
him, kicked the imperial crown off his head.
Now, the Paris NOrd tells US, the Roman Gov
ernment is incapable of resisting by its own
strength the Garlbaldian movement, and
'meditates appeal to the Catholic powers.' La
Liberte records the apparition of several bands
of volunteers on the Neapolitan borders; the
Courier Francois says the watchword is Rome
for the Italians;' and La PreSse tells us the
attack will be made on the side of Naples.'
Such are the historic changes which few CEN
turles have brought forth" .#..