'After passing Geelong to the left, the Barwon River, which in this part of its course is a beautiful stream, pursues a south-easterly course, nearly parallel to that of the western arm of Port Philip, to the great Southern Ocean. About nine or ten miles below Barrangoop it spreads out into a series of lakes, as picturesque as any sheets of water of that kind I have ever beheld. On my first visit to this part of the country in 1843, I rode down to these lakes along with Miss Newcome, another maiden lady, whom Miss Drysdale had some time before taken into partnership with herself—partly, I presume, that she might have some kindred spirit—which, I am happy to say, Miss Newcome unquestionably is—to whom she might be able to whisper that "solitude was sweet." Miss Newcome was quite at home on her high-spirited steed, and we gallopped along through scenery of the richest description, beautiful grassy plats alternating with clumps of trees of the most graceful and ornamental foliage, till we reached the lakes. These extensive sheets of glassy water, variegated with headlands and islands, were absolutely alive with black swans, and other waterfowl, sailing quietly along on their silent surface. There must have been at least five hundred swans in view at one time on one of the lakes. They were no "raræ aves" there. Their deep solitudes, however, are effectually invaded now; for the white man will soon thin their ranks in all probability, and force them to retreat before the progress of civilisation.'
[SCOTTISH BANKING.]
There is now reason to think that in pursuit of this object our Scottish neighbours have got considerably ahead of us here in England. The subject, indeed, seems congenial to the shrewd faculties of our northern fellow-countrymen. The founder of the Bank of England was a Scotchman: a native of the same country originated the idea of the Savings' Bank: and for a long period of time the facilities and accommodations of banking have been known and practised beyond the Tweed to an extent very much above what has been attained in this country. Here banks may be said to exist solely or chiefly for the wealthier classes of society; in Scotland the advantages which they afford are widely diffused among the middle ranks, and are shared in a large measure by the petty capitalists and retail traders of the towns and villages. As a proof of the great extension of the system, we find that throughout Scotland there is a bank for every 7500 of the population—in some districts for every 5000. In London, the proportion is stated to be only 1 for every 32,894; in some parts of England 1 for every 16,000. The rapid progress in wealth and civilisation which has been made by a country naturally so poor and sterile, has been attributed by many sagacious observers to the multiplication of its banks, and to the facilities afforded by them. Capital has been made to stimulate industry in a double ratio, by the increased activity and quickened speed with which it circulates through the channels of commerce. Above all, this great desideratum has been attained without any sacrifice of the other prime requisite of sound banking—stability. Within the last century and a-half it is computed that the loss to the community in Scotland by the failure of the four or five public banks which have stopped payment has not exceeded L.26,000. In England, during a much shorter period, the loss occasioned by those fearful catastrophes, both in London and in the country, with which experience has made us familiar, has certainly exceeded as many millions. It is also a fact of much significance, that in 1793, in 1825, and in the late crisis of 1847, the Scottish banks rode out the storm which proved fatal to so many English establishments. It seems, therefore, no undue claim which is set up on the part of our northern neighbours, to a better knowledge and more mature development of the principles of banking than have been attained in this country.—Morning Chronicle.—[There is no more than justice done, as we believe, to Scotch banking in this paragraph. During the last twenty years and upwards, there have been many banks set up in England on the Scotch principle, as it is called; but there have been many noted failures among them. The fact is, that in England they introduce every feature of Scottish banking except the Scotch brains by which banking has been so successfully conducted. It is true Scotchmen have been got to act as managers, secretaries, and cashiers; but what were all these in the hands of a set of English directors, who necessarily hold the chief sway? In an English joint-stock bank, the bulk of the funds of the company will be found ventured out in the hands of a few grand speculators, on whose good or bad fortune the fate of the establishment depends. No such thing was ever done in a Scotch bank, from the beginning down to this day. On the contrary, the life of the institution lies in a quick circulation and frequent turning over of a moderate capital amongst a multitude of traders of good credit. The capital of an English joint-stock bank too often is an African river losing itself in sands: that of a Scotch bank is a river dispersed in a thousand channels of irrigation, to reappear in its entire form, and with increased volume, after it has done its work. We do not believe, after all, that there is any great witchcraft about banking in Scotland. The prudence shown there is no more than what might be expected of rational men. The failures in England are to be accounted for not by their want of some extraordinary gift which chances to have been vouchsafed to their northern neighbours, but by the fact, that England is full of people hastening over-much to be rich, and in whose circumstances there are of course great vicissitudes. If ever England shall cool a little in Mammon-worship, and pursue business objects with the moderation of the Scottish mind, it may succeed in joint-stock banking to as great an extent as Scotland has done.]
[PROFESSIONAL LIFE.]
I cannot give you, my young friends, a better description of a successful professional struggle, and the wear and tear of life, than that which the commentary of Dr Johnson upon the life of Cheyne affords. It is drawn by the graphic pen of the late editor of the 'Medico-Chirurgical Review,' an eloquent Irishman, himself a successful struggler. He adds—'We have followed Cheyne in his march up-hill—we see him at its summit—we are to see him going down. Such are the objects of human desires—sought with avidity—obtained with difficulty—enjoyed with disappointment—and often, in themselves, the source of irreparable evils. Success in a profession now-a-days has entailed, and entails, such labour on its possessor, that few who know its real nature can envy it. Success means wealth and eminence bought with the sacrifice of all healthy recreation both of body and mind. The daily toil is relieved only by the nightly anxiety; and, worn by almost uninterrupted exertion, the fortunate man is deprived of most of the social pleasures of life, and debarred from indulgence in its most cherished affections. He acquires property, loses his health, and often leaves the wealth of his industry to be squandered by children whom it demoralises.' Besides all this, remember that it has been truly said, in the most elevated position there is the least liberty, because that very elevation invites observation, and excites envy. That merit and that ability which would have carried a man successfully through the crowd, will be found insufficient for him who is the object of general scrutiny. You should recollect, gentlemen, that even the position won by merit and ability may be lost by a want of that continued energy and persevering struggle which overcame all the obstacles opposed to your pioneering ascent. The champion in our profession, like in that of Christianity, must be ever progressing. A fall from an eminence is always perilous—in the medical sphere, fatal to fame. The world, in respect to our calling, may be esteemed as a school; the boy who has obtained head place must labour assiduously to retain that position against his less fortunate competitors. Remember that sympathy is enlisted for the swimmer to the shore, against the buffeting billows, rather than for the individual who had encountered the same obstacles, the same dangers, and the same difficulties, but who has now apparently surmounted and escaped all.—Lecture by Dr Hayden.
[MRS FRY'S RULES.]
1. Never lose any time: I do not think that lost which is spent in amusement or recreation some time every day; but always be in the habit of being employed. 2. Never err the least in truth. 3. Never say an ill thing of a person when thou canst say a good thing of him; not only speak charitably, but feel so. 4. Never be irritable or unkind to anybody. 5. Never indulge thyself in luxuries that are not necessary. 6. Do all things with consideration, and when the path to act right is most difficult, feel confidence in that Power alone which is able to assist thee, and exert thy own powers as far as they go.—Memoir of Elizabeth Fry.