The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-07-18
THE AUG UST MAGAzLNES.
LinnincOtt's


LippincOtt's
new number we have already noticed. But
the following extracts from its leading articles
will prove of interest. Under the caption OF
"Smoking," Mr.. J. Vaughan Darling reviews
the arguments against the use of tobacco, ex-
tracing from the most OF them their whole
pith and strength. He concludes as follows:-
at would be un air 70 represent the article
we have thus briefly reviewed as the exponent
OF the 1ohote arguuelt against smoking, al
though It is eoo1nstance OF the usual treat
ment OF the SUBJECT BY those who oppose the
ha5lt. To very Dany tue nabttual use OF stimu.
lants seeus indsenslble. To Others the danger
OF excessive indulgence presents itself as a
suffic eDt rea.on for total abstinence. We have
endeavored 10 show that what We bHOlC Of the
evil effects of tobacco Is insufficient 10 cOnuemn
it-that while 1t Is foolish to declare its utility
established IL is premature to assert that its per-
nicous influence Is q determmgd conclusion.
Our ipdlvldu9l experience OF its effects is the
best guide Tor our personal conduct in the
present absence OF scientific information. To
soDe careful student OF nature, whose loyalty to
Truth, the pure and abstract-that Gro Vning
glory OF scientific men-wIu not suffer him to
subs1tute any personal opinion, hOwever ear
nest ana seemingly well founded. for couclu
sion OF science, we mu-t look Tor the final deci-
sion of the question. Even should that decision
be fa' al 10 our present fashion OF k eping our
'masculIn1ty in a state OF partial torpor,' there
kiud will apply to their reiormatIye brethren
the philosophy of our old friend, 'Sr Toby
Belcb':-'Dost thou think, because thou art
vntuous, there hall be 70 more cakes and ale2
But until such determination shall give
RIoundWork for legitimate attack, let US desst
from passionate remuneration and the calling by
hard names those who do not agree with us"
Professor Schele de Vere's article on "0ur
Globe, in 1863" is exceedingly interesting,
embracing a clear review of the state of the
world and the progress which has recently
been made in its development. Concerning
Australia, the writer says:-
Australia, the last of the continents bids
fair to outstrp her older sisters ia the ratio of
progress. The colonies are growing at q rapid
rate, especially Victoria aud South Australia,
but ore particularly Queensland, the youngest
OF all, which nevertheless boasts already OF her
nine millions of sheep. West Australia alone
laes behud mainly because the home Govern
ment stlll uses 1t as d penal colony, and the
presence Of Dearly ten thousand cnminals is not
inviting TO new settlers. Colo has been DISCO
Yered 70 Tasmania and else where, so as to cause
all export OF over h1e millions OF pounds sterling
in a single year; silver and lea I also seem 10
abound; aud IN 1866 very fine collection OF pre-
Cious stones, found Ia Australia, formed one
Ot 1Oe great attractions Of the Exhibition at
Melbourne. The most interesting feature IN the
progress OF the colonies Is the careful acClmatl-
cation of European ANIMALS; salmon ant trout
have been ma uIalzpd ~ many rivers; he fora
and fauna OF the settled reg Ous have been en-
tnely changed; ginger ani arrOWrJUt are now
exported, and the cultivation of quinlne has
been successfully Introduced. New expeditions
tol the exploration OF the IN error of Australia
continue to be made, Tor as yet large portIoas of
The continent arc enJralY unknO Vu. The sad
fate OF early exporers-and even OF such eXDe.
TienCed travellers as lie ChLarjt-most of whom
have been lost without leaving even trace OF
thClT ia behind has not discouraged others.n
The Hon. Amasa Walker contributes valu.
able article on the "Claims of the Bondhold-
eIs," in which he presents the arguments
against the Pendletonian theory of repudia-
tion in strong light In concluding, he
says:-
"Not to dwell longer on the subject, we
briefly recaptulate the general results OF re-
pud atiUn by inundatlug the country With paper
money.
THE national banks wouli receive for their
bonds over iOur hundred millions %, greenOacks,
Tor their loans six huudred millions more; IN
all, one thousand millions. After redeemlng
their own notes Uhree hundred mulons) aud
settling their balal Ces with each other they
would have net balance OF five hundred mil
lions, representing the amount Of their capual,
surplus fund and UNDIVIDED prJdts. What
would they do with this? What would it be
good Tor? Who would want TO borro Y it il its
actual value we're only i've or ten cents on the
dollar, or even, perhaps, only so much per
pound as paper stock? The directors would
have nothing to do but divide the notes among
the share holders, and wind up their AFFAIRS
they would no loi ger possess either capital or
credit,
Savings banks, compelled to receive legal
tenders Tor ali their puOllc securities and pri-
Vate loans would have nothing iett with which
to pay OIL their depositors but the dishonored
prom ses OF dishuDOrcd government.
Insurance companies of every kind would
share the fate OF The banks, for their entire
capital consists of bonds and other securities
that would be paid OFF in worthless paper.
Literary and charitable funds would exist
only in name. And-what would be a greater
outrage than all these put together-the whole
Indebtedness OF the nation az between man and
man, all mortgages and promises to pay money,
would be discharged in the legal tenders.
Everything in the shape of credit, public and
private, would be obliterated and nothing LETT
but the aforesaid nineteen hundred millions of
notes. whose value would be determined by
their weight upon the scales.
ST that be a consummation devoutly to be
wished, Congress has only 10 authorize the
issue of the necessary amount Of irredeemable
promises"
In addition to these articles there are seve-
raj stories and sketches of interest, and two
or three very good poems.