In one of the most fashionable streets of London, and within a few doors of the residence of royalty, is a stylish house, which always looks as if it were newly painted, furnished, and decorated. The very imperfect knowledge which a passer-by may gain, denotes the existence of great wealth within the clean and shining walls. Nine times out of ten shall you behold, standing at the door, a splendid equipage—a britzka or barouche. The appointments are of the richest kind—the servants' livery gaudiest of the gaudy—silvery are their buttons, and silver-gilt the horses' harness. Stay, whilst the big door opens, and then mark the owner of the house and britzka. A distinguished foreigner, you say, of forty, or thereabouts. He seems dressed in livery himself; for all the colours of the rainbow are upon him. Gold chains across his breast—how many you cannot count at once—intersect each other curiously; and on every finger sparkles a precious jewel, or a host of jewels. Thick mustaches and a thicker beard adorn the foreign face; but a certain air which it assumes, convinces you without delay that it is the property of an unmitigated blackguard. Reader, you see the ready Ikey, whom we have met oftener than once in this short history. Would you know more? Be satisfied to learn, that he exists upon the follies and the vices of our high nobility. He has made good the promises of his childhood and his youth. He rolls in riches, and is——a fashionable money-lender.
Dark were the shadows which fell upon my youth. The indulgent reader has not failed to note them—with pain it may be—and yet, I trust, not without improvement. Yes, sad and gloomy has been the picture, and light has gleamed but feebly there. It has been otherwise since I carried, for my comfort and support, the memory of my beloved Ellen into the serious employment of my later years. With the catastrophe of her decease, commenced another era of my existence—the era of self-denial, patience, sobriety, and resignation. Her example dropped with silent power into my soul, and wrought its preservation. Struck to the earth by the immediate blow, and rising slowly from it, I did not mourn her loss as men are wont to grieve at the departure of all they hold most dear. Think when I would of her, in the solemn watches of the night, in the turmoil of the bustling day—a saint beatified, a spirit of purity and love—hovered above me, smiling in its triumphant bliss, and whispering——peace. My lamentation was intercepted by my joy. And so throughout have I been irritated by the small annoyances of the world, her radiant countenance—as it looked sweetly even upon death—has risen to shame and silence my complaint. Repining at my humble lot, her words—that estimated well the value, the nothingness of life compared with life eternal—have spoken the effectual reproof. As we advance in years, the old familiar faces gradually retreat and fade at length entirely. Forty long years have passed, and on this bright spring morning the gentle Ellen steals upon the lawn, unaltered by the lapse of time. Her slender arm is twined in mine, and her eye fills with innocent delight. Not an hour of age is added to her face, although the century was not yet born when last I gazed upon its meek and simple loveliness. She vanishes. Is it her voice that through the window flows, borne on the bosom of the vernal wind? Angel of Light, I wait thy bidding to rejoin thee!
COMMERCIAL POLICY.
SPAIN.
The extraordinary breadth and boldness of the fiscal measures propounded and carried out at once in the past year with vigour and promptitude no less extraordinary, wisely calculated of themselves, as they may be, perhaps, and so far experience is assumed to have confirmed, to exercise a salutary bearing upon the physical condition of the people, and to reanimate the drooping energies of the country, can, however, receive the full, the just development of all the large and beneficial consequences promised, only as commercial intercourse is extended, as new marts are opened, and as hostile tariffs are mitigated or abated, by which former markets have been comparatively closed against the products of British industry. The fiscal changes already operated, may be said to have laid the foundation, and prepared the way, for this extension and revival of our foreign commercial relations; but it remains alone for our commercial policy to raise the superstructure and consummate the work, if the foundations be of such solidity as we are assured on high authority they are. In the promotion of national prosperity, colonization may prove a gradually efficient auxiliary; but as a remedy for present ills, its action must evidently be too slow and restricted; and even though it should be impelled to a geometrical ratio of progression, still would the prospect of effectual relief be discernible only through a vista of years. Meanwhile, time presses, and the patient might perish if condemned alone to the homœopathic process of infinitesimal doses of relief.
The statesman who entered upon the Government with his scheme of policy, reflected and silently matured as a whole, (as we may take for granted,) with principles determined, and his course chalked out in a right line, was not, assuredly, tardy, whilst engaged with the work of fiscal revision, in proceeding practically to the enlargement of the basis of the commercial system of the empire. An advantageous treaty of commerce with the young but rising republic of Monte Video, rewarded his first exertions, and is there to attest also the zealous co-operation of his able and accomplished colleague, Lord Aberdeen. This treaty is not important only in reference to the greater facilities and increase of trade, conceded with the provinces on the right bank of the river Plate, and of the Uruguay and Parana, but inasmuch also as, in the possible failure of the negotiations for the renewal of the commercial treaty with Brazil, now approaching its term, it cannot fail to secure easy access for British wares in the territory of Rio Grande, lying on the borders of the republic of the Uruguay, and far the most extensive, though not the most populous, of Brazilian provinces; and this in despite of the Government of Brazil, which does not, and cannot, possess the means for repressing its intercourse with Monte Video, even though its possession and authority were as absolute and acknowledged in Rio Grande as they are decidedly the reverse. The next, and the more difficult, achievement of Conservative diplomacy resulted in the ratification of a supplementary commercial convention with Russia. We say difficult, because the iron-bound exclusiveness and isolation of the commercial, as well as of the political, system of St Petersburg, is sufficiently notorious; and it must have required no small exercise of sagacity and address to overcome the known disinclination of that Cabinet to any relaxation of the restrictive policy which, as the Autocrat lately observed to a distinguished personage, "had been handed down to him from his ancestors, and was found to work well for the interests of his empire." The peculiar merits of this treaty are as little understood, however, as they have been unjustly depreciated in some quarters, and the obstacles to the accomplishment overlooked. It will be sufficient to state, on the present occasion, that notice had been given by the Russian Government, of the resolution to subject British shipping, importing produce other than of British, or British colonial origin, to the payment of differential or discriminating duties on entrance into Russian ports. The result of such a measure would have been to put an entire stop to that branch of the carrying trade, which consisted in supplying the Russian market with the produce of other European countries, and of Brazil, Cuba, and elsewhere, direct in British bottoms. To avert this determination, representations were not spared, and at length negotiations were consented to. But for some time they wore but an unpromising appearance, were more than once suspended, if not broken off, and little, if any, disposition was exhibited on the part of the Russian Government to listen to terms of compromise. After upwards of twelvemonths' delay, hesitation, and diplomacy, the arrangement was finally completed, which was laid before Parliament at the commencement of the session. It may be accepted as conclusive evidence of the tact and skill of the British negotiators, that, in return for waiving the alterations before alluded to, and leaving British shipping entitled to the same privileges as before, it was agreed that the produce of Russian Poland, shipped from Prussian ports in Russian vessels, should be admissible into the ports of Great Britain on the same conditions of duty as if coming direct and loaded from Russian ports. As the greater part of Russian Poland lies inland, and communicates with the sea only through the Prussian ports, it was no more than just and reasonable that Russian Polish produce so brought to the coast—to Dantzig, for example—should be admissible here in Russian bottoms on the same footing as if from a Russian port. To this country it could be a matter of slight import whether such portion of the produce so shipped in Prussian ports as was carried in foreign, and not in British bottoms, came in Russian vessels or in those of Prussia, as before. To Russia, however, the boon was clearly of considerable interest, and valued accordingly. In the mean time, British shipping retains its former position, in respect of the carriage of foreign produce; and, however hostile Russian tariffs may be to British manufactured products—as hostile to the last degree they are, as well as against the manufactured wares of all other States—it is undeniable that our commercial marine enjoys a large proportion of the carrying trade with Russia—almost a monopoly, in fact, of the carrying trade between the two countries direct. Of 1147 foreign ships which sailed with cargoes during the year 1842 from the port of Cronstadt, 515 were British, with destination direct to the ports of the United Kingdom, whilst only forty-one foreign or Russian vessels were loaded and left during that year for British ports. Of 525 British vessels, of the aggregate burden of nearly 118,000 tons, which anchored in the roadstead of Cronstadt in that year, 472 were direct from the United Kingdom, and fifty-three from various other countries, such as the two Sicilies, Spain, Cuba, South America, &c. The number of British vessels which entered the port of St Petersburg, as Cronstadt in fact is, was more considerable still in 1840 and 1841—having been in the first year, 662, of the aggregate burden of 146,682 tons; in the latter, of 645 ships and 146,415 tons. Of the total average number of vessels by which the foreign trade of that empire is carried on, and load and leave the ports of Russia yearly, which, in round numbers, may be taken at about 6000, of an aggregate tonnage of 1,000,000—ships sailing on ballast not comprehended—the average number of ships under the Russian flag, comprised in the estimate, does not much, if any, exceed 1000, of the aggregate burden of 150 or 160,000 tons. This digression, though it has led us further astray from our main object than we had contemplated, will not be without its uses, if it serve to correct some exaggerated notions which prevail about the comparative valuelessness of our commerce with Russia, because of its assumed entire one-sidedness—losing sight altogether of its vast consequence to the shipping interest; and of the freightage, which is as much an article of commerce and profit as cottons and woollens; oblivious, moreover, of the great political question involved in the maintenance and aggrandisement of that shipping interest, which must be taken to account by the statesman and the patriot as redressing to no inconsiderable extent the adverse action of unfriendly tariffs. It is only after careful ponderance of these and other combined considerations, that the value of any trading relations with Russia can be clearly understood, and that the importance of the supplementary treaty of navigation recently carried through, with success proportioned to the remarkable ability and perseverance displayed, can be duly appreciated. It is, undoubtedly, the special economical event of the day, upon which the commercial, and scarcely less the political, diplomacy of the Government may be most justly complimented for its mastery of prejudices and impediments, which, under the circumstances, and in view of the peculiar system to be combated, appeared almost insurmountable. Common honesty and candour must compel this acknowledgment, even from men so desperate in their antipathies to the political system of Russia, as Mr Urquhart or Mr Cargill—antipathies, by the way, with which we shall not hesitate to express a certain measure of participation.
We shall not dwell upon those other negotiations, now and for some time past in active progress with France, with Brazil, with Naples, with Austria, and with Portugal, by which Sir Robert Peel is so zealously labouring to fill up the broad outlines of his economical policy—a policy which represents the restoration of peace to the nation, progress to industry, and plenty to the cottage; but which also otherwise is not without its dangers. Amidst the whirlwind of passions, the storm of hatred and envy, conjured by the evil genius of his predecessors in office, and most notably by the malignant star which lately ruled over the foreign destinies of England, the task has necessarily been, yet is, and will be, Herculean; but the force of Hercules is there also, as may be hoped, to wrestle with and overthrow the hydra—the Æolus to recall and encage the tempestuous elements of strife. A host in himself, hosts also the premier has with him in his cabinet; for such singly are the illustrious Wellington, the Aberdeen, the Stanley, the Graham, the Ripon, and, though last, though youngest, scarcely least, the Gladstone.
Great as is our admiration, deeply impressed as we are with a sense of the extraordinary qualifications, of the varied acquirements, of the conscientious convictions, and the singleness and rightmindedness of purpose of the right honourable the vice-president of the Board of Trade, we must yet presume to hesitate before we give an implicit adherence upon all the points in the confession of economical faith expressed and implied in an article attributed to him, and not without cause, which ushered into public notice the first number of a new quarterly periodical, "The Foreign and Colonial Quarterly Review," in January last, and was generally accepted as a programme of ministerial faith and action. Our points of dissonance are, however, few; but, as involving questions of principle, whilst we are generally at one on matters of detail, we hold them to be of some importance. This, however, is not the occasion proper for urging them, when engaged on a special theme. But on a question of fact, which has a bearing upon the subject in hand, we may be allowed to express our decided dissent from the dictum somewhat arbitrarily launched, in the article referred to, in the following terms:—"We shall urge that foreign countries neither have combined, nor ought to combine, nor can combine, against the commerce of Great Britain; and we shall treat as a calumny the imputation that they are disposed to enter into such a combination." The italics, it must be observed, are ours.