New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-04-18

from the unSeemly source, though ITS use
is confined chiefly to stage-drivers and baT-rOom
politicians, - ~
THE NORTH American REVIEW. APRiL. Tielnor Fields
The present number devOtes large portion of its
space the discussion Of certain important financial and
industrial questions An article on British Finance IN
1867 shows the confused state Of tho exchequer at that
date, and the intOerable burden Of taxation which
weighed on the masses of the British population The
writer presents somber picture OF the complications
which then prevailed in the finances Of Great Britain.
There was no beginning middle, and no end There
was a bottomess Of accounts, without system,
without connection, and without result lt was impos-
sble for Parliament to ascertain the exact relation be
tween the income and the expenditure Of the year The
demand OF unreasonable radicals for balancesheet was
regarded as a revolutionary outrage No man. whatever
industry he might possess, could to fair con,u-
SION upon the financial situation Of the county. There
was not only difference Of some millions between the
budget and the annual accounts in regard TO the reduc
ton of debt but the deficiency Of the consolidated
fund was represented by three different public ac-
counts all signed 10y the person, all relating 10
the same PERIOD and all presenting different result
The writer up his researches with the statement
that Great Britain then nation OF twenty million In
habtants burdened with an annual charge OF more
than 100000 pounds sterling Of debt 10 which added
more than a2OOOOOOO of ordinary expenditure. Her
administrative system in tie highest degree cum
bIOus, expensive, ana Inefficient. lltI revenue was
drawn Unfortunately from every available source,
without regard 10 the disastrous results upon national IN
dustry and national character and in violation OF every
principle OF political economy Her expenditure was
extravagant and without any sufficient check IN public
opinion. Her currency thoroughly deranged, the
standard OF value constantly fucuating and the
return 10 a specie basis resisted by powerful interests
Some Of the enlightened Englishmcn were in alarm
lest their country should succumb under this accumua
ton OF difficulties Still few years OF peaceful develop
ment enabled it support the burden Of the debt and
create system OF revenue highly favorable to the
industry and character Of the beope.-"The New
Jersey MonopOes" form the subject Of a historical
paper founded on extensive research, and present
ing a remarkable exhibition Of the frauds intrigues,
and political hucksterings by which powerful moneyed
combination have cheated the stockholders OF the
Jersey railroads, the State ITSELF and the public at
large more scandaous secret history has seldom been
brought TO light and the writer has large claims the
public gratitude for the intelligence courage and e1-
pcitness Of his disclosures.Tbe general Railroad
system" OF the United is treated in elaborate
article, showing the rapacty Of the corporations the
glarng defects OF the management, and the need OF re-
adjusting the relations between them and the public The
revolutionary tendencies Of he application OF steam TO
industrial pursuits are forciby illustrated by the writer
He predicts enormous monOpolies with corresponding
social mseries the consequence Steam promises to
make solitude OF the wharves OF Boston, and it fills New
the wealth Of the whole world and makes OF her an over
grown monster. It builds mp San Francisco like the
palace Of Aladdin In such gigantic centcrs must
look for the enormous increase Of wealth. and depth OF
vice. poverty and wretchedness in proportion The
fortunes Of the Astss and the Stewards but precursors
The sharpest pangs OF social misery yet TO
The power Of steam sapping the foundations Of po
ltical edfceThe chief literary articles in this number
are O review OF the "Modern italian Poets" Manzoni,
Grossi silvlo Peco Carer Aleardi, Carcano Cantn.
Arnaud, and Marc Monnier; paper on Charles Lamb
and bis Biogaphers" echoingtbe sentiment Of some sy
woman that she was tired Of hearing the Of Charles
Lamb and II the question put TO vote he would be
banished from periodical literature by larger majority
than that which sent Arisdes, the old embodiment OF
tresome virtue exile and notices OF Longfellows
"Poeteal Works. and Professor Eyanss translation OF
tho Life of Leasing" An article in defense Of the
principle OF Religious Liberty" against the assumptions
Of authority completes the body Of the number, which
closes wlthe usual Critical Notices." and letter
from Mr. George Bancroft, and one from Mr. Horace
Greeley pointing the mistakes of the Review, In its
notices OF their respective histories