8 with the business interests of the people, but on the contrary, would do all in his power to help on the common welfare. If our President is not to be believed when he tells the world what are his party’s opinions on the bank question, who can be believed? The whigs cannot, certainly. Let this falsehood too, be nipped in the bud. The abuse of the credit system greatlydo be feared. “ For a quarter of a century,” says the pamphlet—“ The Crisis of the Country,” in speaking of Great Britain, “ that government was able, by the mere force of her credit,- to stand against the most powerful combination for the destruction of her manufactures, her trade, and the throne itself, which was ever formed against any nation, and was victor in the end. Still she holds on her way, dotting the face of the globe with her colonies. absorbing old empires and erecting new ones, covering all seas with her navy and her commerce, creating nev.’ worlds in this little world of ours: all on the basis of her credit. The sun never sets upon her dominions, and her morning drum keeps pace with each of the twenty-four, hours.” This admission in such a quarter is worth something for the democrat’s reflection. Let us look at it for a little. Great Britain is a noble nation. In arts, in arms, in agriculture, she occupies an enviable position. Her commerce reaches to every port on the globe’s surface. On every breeze her. national flat floats out, and her merchants are “as princes.” With such a nation we would ever hope to be at honorable peace—we would respect her—we would love her; but let us beware that the leaven of her power doesnot work in our midst,. There is no slight reason to fear that British influence may, at some future period, have too great energy amongst us. Her besetting lust is the lust of dominion. From a little island, which at the commencement of the Christian era produced for food nothing but sloes and sea-slugs, whose religion was absolutely pagan, and whose inhabitants dwelt in dhves of the.earth, she has risen to be a power of stupendous magnitude. Think we that ambition is ever satisfied ? No. There is no passion so strong. It cries give, give, give. We have traced on the third page, the gradual, though fatal supremacy gained by Great Britain over a vast continent of India. And this loo, be it remembered, through the agency of a great chartered company. And at the present moment—at the very year and hour in which we write this page, a project of the most stupendous magnitude is unveiled before the astonished world. It is nothing less than the virtual conquest of China by Great Britain!! The New York Commercial Advertiser of the 11th of August, has the following article, which we commend to the most attentive consideration. It cannot be studied too carefully, as evidence of the growing power of Great Britain: “ England and China.—The course that will be pursued by Great Britain against China, is a matter of great and universal interest, and cannot be watched with too much attention. The possibilities connected with it are most extensive; and the reserve exhibited by the British ministers, in Parliament and elsewhere, unfortunately leaves am- pie room for . speculation on the subject, embracing the whole range of possibilities, from the defeat of the expedition up to the absolute conquest of the Chinese empire. “ We placed before our readers yesterday a remarkable and deeply significant remark uttered by £ ir John HobhOuse, pointing directly to the annexation of China to the al^ ready overgrown dominions of the East India Company. The importance of that remark will be more apparent when it is known—as we presume it is not generally in this country—that Sir John Hobhouse is President of the Board of Control, and that the Board of Control is in fact viceroy over the directors of the East India Company; that it is the medium through which the doings of that company are regulated by the British government. 41 In farther confirmation of the unwelcome suspicion that a stupendous scheme of conquest is actually meditated by Great Britain, we copy from the London Globe of July 24, a bold and able article. And it must be remembered that the Globe is looked upon as the semi-official organ of Lord Palmerston, the Foreign Secretary. From the London Globe. “ [The following article is from the same source to which wrn are indebted for the series of papers relating to China, now in course of publication in this journal. Without identifying ourselves with the opinions of, or indulging in the sanguine expectations entertained by, our correspondent, we deem his communication sufficiently interesting to merit a prominent place in our columns; it being the product of an intelligent mind, which has possessed the advantage of a residence in the country, and an intercourse with the people, concerning whom he writes. His communications are thus stamped with the impress of practical knowledge, and possess a superior claim on the public at« tention, to the speculations of those not possessed of his advantages.—Editor.]
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