The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1879-06-06
OUR EUROPEAN LETTER.
London Topics. "A fem Words on
Ganoltng.--Foreign InceStments.-
Where TIE Money goes, ETC., etc.
nnYa.- ITan. NJ. 900

~ Aon"on IOplcs.-A fem Words O
~ uaWOltng.-FOretgn InUeStmeats.-
y WheTe The Money goes, ETC., etc.
LONDON, Eng, May II, 1879.
IS Inc Bishop of Gibraltar has bee
. Writlhg 10 the Times on the subject {
u the evils OF gambling at Monaco, and i
IL very emphatic language points out th
y unhappy results of a visit to the wicke
y i,ttle principality. A few weeks befor
y the bishops letter appeared, the Jour
u nai III question contained roseate art
u icie on the beauties of Monaco as a pac
: per Sc, and concluded with well-di
: rectcd blow at the tables of Mont
: Cario. without the slightest desire t,
interfere with the Bishops good work
! ior ne naively confcsses he has neve
D peen TO Monaco, and only hears of il
a dangers from afar, l can assure Hi
1race that there is more gambling go
ihS on IN London in one week than i,
: carried on at Monte Carlo in year
ihere are clubs in London at which
Soo,ooO change hands weekly. Then
ior downright gambling of the basest
description, horse-racing, as conducted
IN Hreat Britain, is productive of disas.
trous results. If the Bishop would di-
rect his critical attention to the turf and
lts abuses he might possibly effect some
practicai good upon the hard working
anu hiualc classes of England who, ai-
nlcteu win inc betting mania, squandcr
.cns Oh thousands annually on petty
.uri transactions, which pass into the
MINUS Oh formidable clique of black
iegs OF unparalleled daring and deprav-
ny. Next to drink, should say gam
DhhS Is INC uppermost evil of Great
D,,a''ih ,r, at tiiis very moment.
ine capitalists oil England are hard
| "p ior Investments. With the bauk
,a'e ol interest at per cent. per All
num- ana quotations III the open market
az -, IL Is exceedingly difficult to
p,aoo nho money wltlout dangerous risk,
wnere IL VIII yle'u an income. Under
,nesG circumstances, 1t Is little singu-
,d "a. tnat cohsois DO not rise considcra-
o,y III ne market NO investment is
o'o SAFE, ana per cent, consider
'"S .he present. plethora OF money.
n"y oe considered good rate of
'noeIcs.. ana, yet, tins gilt-edged
,ho So'o,n oa,i n'n1nl paper, wnich represents
ar .onsoiiua'eu ueot OF Great Britain,
ue.ua'es ;m,. ah pul NUE. the quotations be-
.hhS adult lie same from day to day, all
no .o", ioun,,' marking the nnancial
,nn, Ta, ouieler ,;,,: oi tIe world. After having
t;o" unions in upon Ihiilions TO every ma
~. n '"o S'ooe' oolin Duh, to-day, III
nis Hn,oa,Iassiheht OF wealth, is anx-
I"n,y Iy ioVelhS around ior borrowers to
I9Ip'S'o ms oVerhoWlhS exchequer
Iii DO l. iS 10 Dorrow money, 1t is
li ,aiuer ~ lchu IL on unsatisfactory
~ p i'i1s Anu @ france, 100, or rather
H.; I;G oa''h VI rance Is IN similar con-
ul.ion. i,s crowded vaults now hold
oro. a; que n.hureu miiiions sterling, in
49,, "a'.ins lor employment. But
niaucc, u,oer the intelligent manage |
',nn;., loH. vi ". Leon say, mas hau the sa-
Soy anu tie courage TO vote hag- |
nincont spproprlalioh 1or pubic works,
anuoun,hiS :',.S IN tiie next ten years to i've |
i;n ;i,iilalus vi francs or TWO hundred mil
mus sterIlng, ana these proposed inter-
iai improvements VIII, doubtless, yield
handsome revenues, besides giving em-
pioy men. 10 thousands OF workmen,
anu making Oh france the very garden
vi lne world unfortunately for Eng
iahu' she Is spending all her surplus
revenues ior war, instead OF public i'm
proVeiieh's, ana mas nothing to show
ior such vast ana barren expenditures
put mere ana there piece OF foreign
territory, encumbered by savages, far
more expensive than profitable to the
Imperial government. But, instead of
Increasing her nationai debt, and mul-
tlplylhg her consols, 1t Is the policy OF
England 10 meet her budget deficits by
an increase OF income tax, which is very
nara on the taxpayers, especially in
tunes OF great business stagnation like
tne present, when competition in all
sorts Oh manufactures is threaten
ing 10 destroy the principal source of
BRUSH revenue: The people of the
Cniteu states. that Younger Britain,
are rapidly gaming possession OF all the
great markets OF the world, including