Harper's New Monthly Magazine, No. IX.—February, 1851.—Vol. II.Various
General
Harper's New Monthly Magazine, No. IX.—February, 1851.—Vol. II.
Various
American literature -- Periodicals; Civilization -- Periodicals; Culture -- Periodicals
The Highlands of Scotland are now suffering as severely from famine as
did Ireland during the worst year of the potato failure. The cause of
the distress is said to be the absolute entailment of the landed
property, which keeps the country in the hands of those who are too poor
to cultivate it; and the only remedy is to break the entails, so as to
suffer capital to be laid out upon the land, and thereby furnish
employment, and produce subsistence for the resident population.
The Cunard steamers, finding that the Collins and the New York and Havre
lines have at last equaled them in the speed and safety of their
vessels, and far exceeded them in beauty and comfort, have apparently
resolved to test the question of the supremacy of the sea by the
relative capacity of purses. While the Franklin was loading at Havre,
the Cunarders suddenly reduced the price of freight from $40 per ton to
$20, and finally to $10, from Havre to New York by way of Liverpool;
which is, in fact, carrying from Liverpool to New York gratis, the cost
of conveyance from Havre to Liverpool, and transhipment, being fully
$10. This is understood to be the commencement of an opposition,
undertaken in a like paltry spirit, against all the lines of American
steamers. It remains to be seen whether those who have been defeated in
a fair and honorable competition in science and skill, will succeed in
so contemptible a contest as that they purpose to wage.
The present increased value of silver, in all countries, is accounted
for in the commercial papers, not by the excess of gold from California,
but by special and temporary circumstances in the commercial world. The
enormous armaments in Germany require a large amount of silver to pay
off the soldiers. The prevalent feeling of insecurity has caused the
hoarding of large amounts in small sums, of course in silver, which has
reduced the amount in circulation. In addition to which, Holland has
made silver only, a legal tender, which has occasioned a desire on the
part of bankers who have gold on deposit, to convert it into silver;
these, together with an apprehension that the amount of gold from
California would in time diminish its relative value, have caused a
temporary demand for silver, which has, of course, raised its price.
FRANCE.
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