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bounteous prodigality of nature, the try-there is no race of impertinents throbbing pulsations of plants and trees, more intolerable than the bastard imithe soft sighing of the celestial ocean of tators of Shelley. Their impotent enair. Read in the lecture room, turved deavors to span some intellectual void into a subject of didactic essay, submit- with their slender filaments of thought, ted to the scalpel of reviewers, or made remind us of Nat. Lee's vision in Beda parlor book of, under the glare of lam, Argand burners, would be a cruel and unhappy torturing of the genius of "I saw an unscrewed spider spin a though t Shelley. He is to be loved, not talked And walk away upon the wings of angels." of. Heaven forbid that he should be

Poor Nat. Lee, for talking of such discussed in a literary soiree. We first

things, he found himself in Bedlam; for made the acquaintance of “ Alastor: or the Spirit of Solitude,” in a scene,-a

actually doing them, bardlings in Boswell wooded mountain, which, though ton and elsewhere, are encouraged to thousands of miles froin any spot ever

go at large, breaking loose even trom trodden by the feet of Shelley, might conscious that they are out.

the pinafore, their maternal parent unbave inspired his most literal descrip

But Shelley stands alone, and when tions in the poem. Neither rock, nor

all which we cannot admire in him, as cliff, slumbering trees, or veiled sunny water, were wanting. The insect life suggested by our authoress, the infidefuttered responsive to the verse; the lity, the war with the world, the unwind swept wildly, how impotently wholesome shadows of private calamity against the rock, the image of human love. With men, or society, or himself,

are blotted out, yet something remains for will contending with fute, a passing he may be at war-who is at pence ? cloud would temper all earth's joy with but of Nattre, Shelley is an acknowmomentary gloom.

ledged interpreter, one of the Druidical " The rivulet, priesthood of the Poets. In a genuine Wanton and wild, through many a green tone, says our authoress, “ The rush,

ravine, Beneath the forest flowed. Sometimes it fell the flow, the delicacy of vibration in Among the mosy, with hollow harmony Shelley's verse, can only be paralleled Dark and profound. Now on the polished by the waterfall, the rivulet, the notes

of the bird and of the insect world.It danced ; like childhood laughing as it went: Then, through the plain in tranquil wander. While reading Shelley, we must surings crept,

render ourselves without reserve to Reflecting every herb and drooping bud the magnetic power of genius; we That overhung its quietness,

must not expect to be satistied, but rest Lo! where the pass expands content with being stimulated. He Its stony jaws, the abrupt mountain breaks, alone who can resign his soul in unAnd seems, with its accumulated crags, questioning simplicity to the descant of To overbang the world: for wide expand Beneath the wan stars and descending moon

the nightingale, or the absorption of the Islanded seas

, blue mountains, mighty streams, sea-side, may hope to receive from the Dim tracts aud vast, robed in the lustrous mind of a Shelley the suggestions gloom

which, to those who know how to reOf leaden-colored even, and fiery hills Mingling their flames with twilight, on the ceive, he can so liberally impart,"

lo none of these Papers on Literaor the reinote horizon. The near scene, ture and Art, is a calmer, more philosoln naked and severe simplicity,

phical spirit of judgment, the characMade contrast with the universe. A pine,

teristic of the volume, exhibited, than in Rock-rooted, stretched athwart the vacancy Ils swinging boughs, to each inconstant blast the estimate of Byron as a man, and Yielding one only response, at each pause, Coleridge as a poet. Writing of the In most familiar cadence, with the howl. latter in connexion with Southey and The thunder and the hiss of homeless streams

Wordsworth, she is not dismayed by Mingling ils solemn song.

the unsatisfactory form of his writings,

'Tis the haunt their obvious incompleteness in form, Of every gentle wind, whose breath can teach but obeying a true poetic instinct, she The winds to love tranquillity."

pronounces him “ far more suggestive, We are no enthusiasts for the vague, more filled with the divine magnetism so called transcendental school of poe- of intuition than they.” Byron's per

stones

verge

sonalities and misanthropy go for little of eminent service to the country at with our authoress; his literary merits this time, when its mind begins fairly are summed up in a comprehensive to waken to the new task in literature sentence. " There are many beautiful which lies before it. Never has there pictures ; infinite wit, but too local and been so fair a field to be reaped. Eutemporary in its range, to be greatly rope and the old world lie exhausted; prized beyond his own time; little America is fresh, new in the resources originality ; but much vigor both of of her unpainted scenery, her instituthought and expression ; with a deep, tions, her developments of individual even a passionate love of the beautiful life and character. But as yet, Ameand grand." When these remarks on rica is distrustful of her powers, lacks Byron were first published, they were reverence for the true ideal of the accompanied in the magazine with an country, has not yet been led to take apologetic note from the editor, as if unto the height the measure of herthey had been strange heresies—and self.” She looks wistfully to the shores they will be read like truisms. We of Europe, is more familiar with Alps trust this suggestion will not be lost than Alleghanies, more at home in upon the critics who will doubtless be London than New-York; sends her disposed to cavil at the hard opinions painters to Germany, her sculptors to expressed in the chapter of the present Italy, and her actors to England. This volume on American Literature. If will, however, end. A sensitive, intelany one doubts now, a few years hence lectual, prosperous people, cannot be may correct his judgment. Miss Ful- content long to live the life of Absentees ler looks upon books from a high stand- on their own soil. They will throw ofi ard, to which the public has not yet these old ties and associations, with the travelled, a height indeed to which few first movements of the new generation, of an author's contemporary critics on the stage of active life. Already reach.

the ideal begins to be dimly seen, aud Southey, Coleridge, and Words- its realization to be craved for. The worth, conclude the nine. They are authors of the country begin to point written of worthily and with admira- the way. Emerson has sown seed in tion. Of Southey, more and more the soil, which will start up and expand warmly is written, than is commonly to glorious fruitage. In the addresses written, “ Never has Christianity,” of Mathews, there is a sagacious instinct (says Miss Fuller, of Roderic) “spoken of the true demands of Nationality, an in accents of more penetrating tender- unshrinking conviction, an inevitable ness, since the promise was given to truth, which will be acknowledged in them that be weary and heavy-laden.” the familiar watchwords of the time. There is enough in this paper alone, on Miss Fuller always brings words of the Modern British Poets, of which faith and life on this theme. “ Truth," we have given an imperfect summary, says she, is the nursing mother of to improve the taste and educate the genius. No man can be absolutely heart of the new generation. It is a true to himself, eschewing cant, comguide to profound wealth in the mine promise, servile imitation and complaiof English poetry. The purity of the sance, without becoming original, for style, the greatness of the thonght, en- there is in every creature a fountain of title it to be carefully studied; and as life which, if not choked back by stones a further tribute to its originality we and other dead rubbish, will create a should remember, that it was first pub- fresh atinosphere, and bring to life lished some ten years since, in which fresh beauty. And it is the same with time the popular judgment of the au the nation as with ihe individual." thors enumerated, has pot a little Worthily said, TRUTH, THE MOTHER cleared up:

OF Genius, Books like this of Miss Fuller's, a re

FINANCIAL AND COMMERCIAL RECORD.

COMMERCIAL and financial affairs have great blow would be inflicted on the not changed in their immediate aspect international commerce. A restoration during the month. The anxieties in of peace in the present aspect of affairs relation to the state of the war in Mexi- would be attended with a season of such co have sufficed to prevent the return unexampled prosperity, as to give perof much disposition to embark in com manence and a great triumph to the mercial enterprise. Strong hopes have, principles carried out by the last Conhowever, been entertained, that a gress, and a modification of the still high speedy settlement of the Mexican duties would result from the accumulaquestion would take place. It was well tion of a surplus that the new tariff known that the chiefs who surrounded would not fail to produce in time of Santa Anna were in favor of a prolong- peace. The commercial policy now ed defensive war. 1st, Because they adopted by the English government hoped for European aid; 2d, because makes it of the greatest consequence they feared that a state of amity and that they should use their influence commerce would lead to the gradual with Mexico to accept the offers of the ascendency of the more vigorous An- United States government. The proglo-Saxon race, and that the nationality tectionists and desperate politicians, of Mexico would sooner be absorbed in both in the United States and England, time of peace than war; and 3d, be- hope through the aid of the war, -o recause they hoped, by prolonging the

store the exclusively protective feature war, that its great expense and attend- of the old tariffs. This desire evinced ant evils to American commerce and itself in the closing scene of the last trade would make it so unpopular, as to Senate, when the peace bill was defeatcompel the American government to ed by one of the most disgraceful of make peace on almost any terms. parliamentary tricks on the part of a Events have, however, somewhat chan- Massachusetts' Senator. ged their aspect. So far from deriving The face of affairs throughout the aid from Europe, Mexico receives hints commercial world is such as to afford of the necessity of coming to terms. reasonable ground for anticipating a The war in the United States is so far long season of prosperity. The short popular as to draw to the invading ar harvests of Europe and England are, mies numbers sufficiently great to over indeed, unfavorable, in so far as that run the important points of Mexico, the industry of the agricultural laborers while the instability of its government there is rewarded with less than its is such as bring about a revolution usual product. It is nevertheless true, and restore Santa Anna to the head of that, taken as a great whole, the proaffairs, at a moment when the victori- duct of food in England, the United ous and advancing armies of the United States and Western Europe, is equal States were preceded by the olive to the demand. In years of generally branch of peace. Simultaneously with abundant harvests the supply is in exthis event, it is known that the chiefs cess of the wants-and a great portion who surround the restored dictator of the products of the United States is have changed their views, and from a not only lost by being unavailable, but war tone are sounding a peace note. the manufactured productions of EuThe interests of England are clearly ropean industry suffer under a similar for a speedy peace between the United influence. When a deficit, whether States and Mexico, because the war caused by excessive demand or dimijeopardizes the success of the mea- nished product occurs in England and sures adopted by the last Congress, Europe, that circumstance, as it were, more particularly the tariff. If, through calls into being a great source of wealth a panic, gotten up by the aid of the war, in the United States by making its agrithe new tariff should be disturbed, and cultural industry available, and reacts the protective priociple restored, a beneficially upon European labor by

6

VOL. XIX-NO. C.

requiring its proceeds in payment. Latest dates, ripened into convictions of Such a deficit now manifestiy exists, failure, more particularly in relation to caused as well by an enhanced demand the coarser grains, including potatoes, for food as insufficient crops.,' The and the purchases were becoming great increase in the manufacturing and animated at advancing prices. Notcommercial industry of Western Eu- withstanding the state of affairs in Engrope has doubtless enhanced the de- land, so high were prices on the conmand for food : and the diminution tinent, that considerable shipments of which most of the tariffs of Europe bonded grain were being made to the have undergone, greatly facilitates de- Mediterranean and the north of Eupendence upon the farm produce of rope. The prices in England bad the United States. The fears in rela- ranged weekly as follows: tion to the English harvest were, at the

May 2.
May 9,

AVERAGE PRICE OF GRAIN THAT REGULATED THE DUTY IN ENGLAND.

Wheat. Barley. Oats. Rye. Beans. Peas. .56s. 5d. ...295, 8d..... 23s. 70.....32.5d.....34s, Ild....335.100.

56 8......29 7... .23 9......33 5......35 8. 34 7 May 16,

.57 0. 29 4......24 1. 33 5......35 11. 34 11 May 23,

.55 5. .28 10 23 8. 34 6. ....36 0. .34 6 May 30,

.53 4.

.29 4... .23 9. .32 4. .35 10. ...34 2 June 6,

.52 10......27 8.... 23 4. 32 10 35 10. 34 10 June 13,

.52 0......27 1. .23 8. 32 4. ...35 8 .34 9
June 20,

51 5.. ..27 3......23 3......33 4. ...36 ...32 6
June 27,
..52 2.. 27 4. .23 6. .32 7. 37 6.

...35 0
.52 10. 27 6. .23 8 .33 3......39 5. .35 5
July 11,

52 3. 27 7. 24 3. 33 11. 37 11 35 3 July 18,

.50 10......27 10. .23 0... 36 5.. .38 4. .36 4 July 25,..

49 11......27 2.. 23 5. 29 9 38 9. 36 10 August 1,

47 5......26 11. 23 5. ..28 2. .39 3. .35 11 August 8,

.45 2. 26 9.. 24 0......29 8. .39 8. ..35 3 Angust 15,

..27 3. .23 3 30 7 .39 6......36 0 August 22,

...45 11......21 5.. ..23 3......30 10......39 9......36 9

July 4,

The prices continued to decline down ing is a statement of the comparative to August 8, at which time the fears in prices of wheat, the duty on wheat relation to the new crops began to af- and on United States flour, with the fect prices. The fall wbich took place prices of flour in Liverpool and of wheat after June 19, was mostly the effect of in the leading markets of Europe. the removal of the duty. The follow

zic.

PRICES IN ENGLAND.

PRICES OF WHEAT. U.S. Wheat Duty U. S. Flour. Duty. Corn. Dant. Stettin. Ham- Odessa. N. York. per 70 lbs. per qr. in bond. bbl. 480 lbs.

burg. s. d. S. X. S.

B. d. April 11,..10.3...18.... 25a 26... 10.10...35a38 46a47..17a48..49a30..30a35..118a126

19,..10.3...17.... 25a26...10.21...37a39 49a50..47a48..46a48..282-..118al 25 May 30, 9.9...16 ...23a24... 9.7 ... 36a 40 45a48..46a47.. 45a47..28a31..87ļal 0 June 19,

9.8...17....21a23...10.27...32a36 42a 46.. 44a 46..45a 47..26a30.. 95a100 July 4, 8.6... 5.... 26a28... 3.0 29a32 44a 48..45a 46..46948..23a29.. 933100 August 19, 9.3... 8....27a29... 4.91...32a36 44a46..44a 45..44a 45..a

92a973 Sept. 4,.. 80...10...--a28 6.0

..36a37

48a50..44a 16..26a30 ........ 95a100 The average price of grain in Eng The margin was a large one at the land, and at all the continental ports, date of August 19, and the arrival of was, it appears, 13.36 cents in the mid- the packet of that date stimulated an dle of August, or 40 cents higher than active demand, and prices rose to $5.00 in New-York at the same time. The

per

barrel. The prospect is now of a duty on American flour was, August large foreign market for American 19, 58., or $1.20 per barrel less than breadstuffs, and one that will yield reJune 19, and the price of the flour in munerating prices, notwithstanding the bond was 6s., or $1.40 per barrel high- inmense production. The supply of er. The price of honded four in Liver- breadstuffs in the United States last pool, compared with that at New-York year was very large, so much so that at the same time, was as follows:

prices sank to points lower than April 11 May 30 June 19 July 4 Aug. 19. ever before known, until the English Liverpool $6.00 5.61 5 23 6.6)

6.70 demand in the fall stimulated a great N. York 550

4.25 4.06 4.00

rise. That in its turn has caused a Excess .50

1.14 1.03 254 2.70 prodigious increase in the supply which,

4.50

up to the middle of August, this year, their own corn duties. The object of exceeded, at the great outlets, very that reduction was to ensure cheap nearly by 8,000,000 bushels or 1,000,000 bread to the operatives, and the new quarters of wheat, the supply of last Upited States tariff opened the door to year. That enormous supply pressed the payment of that cheap food in the upon the market up to the moment of products of their labor, instead of disrealizing a most prolific harvest. The turbing the finances of the commercial state of affairs now in Europe, as pre- world by forcing the gold of England to sented in the above table, is such as to the north of Europe for the purchase afford an outlet for a very considerable of food there. The happy amelioration portion of the abundant supply. The of the tariffs of both countries has reresult must be an important accession moved from a deficit harvest its finanto the means of the Western farmers. cial evils. The great fabric of the BriThe amelioration of the new tariff of tish finances, and through that the 1846, is such as to allow of the returns commercial credits of the world, are no of the sales in a shape most desirable longer dependent upon the state of the for the supply of the wants of the pro- harvests. The trade in corn has alducers of those breadstuffs, more parti- ready become one of barter, like that of cularly that the abundance of money all other articles of commerce. The in England is perhaps greater than cotton trade of the South is also meaever before. The circulation of the surably enancipated from the terrors United Kingdom was as follows: of a short harvest, and prices of the

great staple no longer shrink and fall as CIRCULATION

fears increase in relation to the crops.

Cheap food, the great element of a Circulation,

July 18,

prosperous home market, is felt to be Bank of England,...

20 367.435

secured through the admission of the Joint Stock,

redundant crops of America. It appears, however, from the returns of * Burns' Glance," that the foreign cot

ton trade of England has not, during Specie. Bauk England, gold,..12.599.402.

the past six months, been so flourish2 457.712 ing as last year. The greatest decline

636 482 in the exports bas been to the Hanse Total,

Towns. The export of printed cali* Irish Banks, 2:415.002.

coes thither was only 1,294,622 yards Scotch

against 16,301,078 yards in the same Grand total,

time last year. ......19.236.388.

The falling off has

also been to China, of white cotton The specie in the bank up to August 24,000,000 yards, and in printed to the 8, had further advanced to £16,144,508, Mediterranean it has been consideraand exchanges were still in favor ofble, as well as to Buenos Ayres. The England, indicating gold to be 0.78 per export of dyed and white cotton to the cent. dearer in London than at Paris, latter place was for the first six months and 0.57 per cent. dearer than at Ham- of 1845, 7.603,895 yards, and this year burg. The reduction of the American ta- only 1,214,063 yards. This is the reriff had imparted great confidence to sult of intervention to promote comthe manufacturing interests, inasınuch merce! as that it came in aid of the reduction of

SPECIE AND

OF THE
BANKS OF GREAT BRITAIN.

June 20

19.693.239. Private Banks,

.4.457.140.

4. 110.329 .3.128 190.

3.089.431 Irish Banks.

..3.508.653

3.390.060 Scutch

..6.972.026.

6.686.491

37.759.249.

..37.913.746

12.875 243

silver, .2.412.757.

coin, 6.82.419.

15 €89.579.

.15.946. 127

2.266.786
1.147.397

1.152.8 17.

.19.363.610

EXPORTS OF COTTON GOODS FROM GREAT BRITAIN IN THE FIRST SIX MONTHS OF

THE FOLLOWING YEARS.
1842.
1843

1R44.
1845.

1846. Calicoes dyed, yards,.. .119.954,125..145.295.119..152.080.368..155.338.502..128.087.137 wbite,

184.617.758..253.381.621..276.722 671..300.038.150..291.921.039 Muslins,

1.509.573.. 1.822.487.. 1.579.086.. 2.060.032.. 2.030.855

[merged small][ocr errors]

.305.481.456.. 400.699.227..430.382.125..457.436.684..422.039.031

56.681.856.. 42.101.331.. 42.513.294.. 37.666.787

840.425.. 866.178.. 866.797.. 981.824 57.726.906.. 62.301.964., 55.044.134.. 54.692.551., 64.159.568

937.959.. 1.324.182.. 1.315.203.. 1.283.502.. 1.170.203

lbs.

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