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The Daily Dispatch: October 22, 1863., [Electronic resource], Affairs in New York. (search)
lways supplant the better. Besides, no price had been fixed for the light guinea; and although greatly inferior in value, it sold readily for twenty-four shillings, while the foolish penal law restricted the standard guinea, just from the mint, to twenty-one shillings. Such was the result of an attempt to give a factitious value to a depreciated currency. It drove nearly all the good guineas out of the country. In the debate on the report of the Bullion Committee in the House of Commons in 1811, Canning said that penal laws forbidding the exportation of coin always, wherever they had been tried, had acted as a premium upon exportation. At that very moment the Spanish milled dollar was circulating in England to such an extent that it had entirely supplanted the crown piece, although the latter was, intrinsically, more valuable. Yet Spain is, and always was, the most obstinately bigoted of all nations, except Portugal, in keeping up the absurd regulations against the exportation of
The Daily Dispatch: January 21, 1864., [Electronic resource], William Makepeace Thackeray. (search)
William Makepeace Thackeray. This brilliant and mordant writer was born in Calcutta in 1811. His father, a man of good family, was in the East India Company's civil service.--Young Thackeray was sent at an early age to England, and received the best part of his education at the Charter house School. He then entered the University of Cambridge, but did not take a degree there, owing probably to the fact that he came into possession of a legacy of £20,000, which left-him free to consult his own tastes. He chose he profession of an artist, and spent several years on the continent in travel and study. Of the proficiency which he attained in this pursuit we can form some idea from the capital drawings with which he illustrated some of his earlier works. A newspaper speculation in which he embarked with his father in London swallowed up the greater part of the fortune which he had acquired on coming of age, and he decided on devoting himself to literature as a profession. Wha
The Daily Dispatch: May 23, 1864., [Electronic resource], article 1 (search)
ancestors removed from West Hartford, one hundred and twenty years ago, and he resided on the old homestead, which has been in possession of the family during all these years, an only sister maintaining the hospitalities of his house during his protracted absence in service. His grandfather, Gen. John Sedgwick, was an officer in the Revolutionary war, and transmitted an honored name to the distinguished Sedgwick families of Connecticut, Massachusetts, and New York. Gen. Sedgwick was born in 1811, and graduated at West Point in 1837. He was always warmly attached to the Litchfield home, and in all his active military life looked forward at the time he might retire to it in his declining years. Just before this rebellion broke out he had seriously contemplated such a retirant, and on the first exhibition of treason he told a relative that his hope had been to leave public life, but added that it could not be now, for his country needed his services. In private life Gen. Sedg
The Daily Dispatch: June 7, 1864., [Electronic resource], article 2 (search)
A case and a parallel. In the year 1811, Marshal Massens, "the spoiled child of victory," as he had been styled, with an army of 70,000 veterans, the flower of Napoleon's legions, undertook the invasion of Portugal by the Northern route. He had been ordered to take Lisbon at all hazards, and to drive the English into the sea. "On to Lisbon" was the word, and not a man in the French army doubted that Lisbon would soon be captured. Wellington, with an army of 60,000 men, 35,000 of them British soldiers, and the rest Portuguese, who had proved themselves equal to any soldiers on the continent, took post on the crest of the Sirra de Busaco, a long range of lofty heights, which lay directly across the line of the invader's march. Massena, by inclining to his right, might have passed entirely around this formidable position, and pursued his way without the loss of a single man. But the direct road to Lisbon ran over the mountain, and he determined to "fight it out on that line, if i
The Daily Dispatch: September 19, 1864., [Electronic resource], Jomini and his career. (search)
resident of a committee for organizing the military academy; and was afterwards charged with preparing plans for fortifying and defending the frontiers of the empire. On the accession of Nicholas to the throne, he was appointed aide-de-camp general, and charged with directing the military education of the Imperial heir. General Jomini's first published work is his "Treatise on Grand Military Operations, " which appeared in 1804, and is considered the most important of his works. In 1811 he began the publication of his "Critical and Military History of the Revolution," which was not completed until 1824.--It is a strictly scientific work, in fifteen volumes, with four atlases. In 1827 he published anonymously the "Life of Napoleon, " which General Halleck has translated. The work is written as though it was Napoleon himself speaking, and the author represents him as arrived in the Elysian Fields, and relating to the assembled heroes — Alexander, Casser, Frederick, and the l
The Daily Dispatch: January 19, 1865., [Electronic resource], Runaway.--one thousand Dollars Reward. (search)
Death of Edward Everett. The last Northern papers announce the death of Edward Everett. His biography in this country may be condensed in the facts that he was born in Massachusetts and died there. In the papers, of his own country, we find the following notice of his decease: "Edward Everett was born in Dorchester, Massachusetts, in April, 1794. When but thirteen years of age he entered Harvard College, graduating with high honors in 1811; and after two years of preparatory study in the Theological School at Cambridge, he was elected to succeed the celebrated Rev. Dr. Buckminster, at the Brattle Street Church, Boston. Although a youth of bat nineteen, he at once took a position among the divines of that city second to none. In theology, as in every other profession of his after life, he mounted rapidly to distinction, and Judge Story esteemed him "the most eloquent of preachers." In 1814 he was elected to the Chair of Greek Literature at Cambridge, with the desire on th
The Daily Dispatch: December 13, 1865., [Electronic resource], article 2 (search)
ency can be very redundant when the money market is so tight as it is everywhere just at this time. Redundant circulation implies plenty of money. In our opinion, it is always the worst policy to meddle with the currency. We had ample experience of this under the Confederacy. Let it alone and it will right itself. England offers an example of this. In 1797 the Bank of England suspended specie payment, and did not resume it for twenty years. The currency had degenerated so greatly by 1811 that an attempt was made in Parliament to force a resumption of specie payments. It failed, and the currency continued to depreciate until 1815, the end of the war. The return of peace brought an immense increase of business, the redundant circulation was absorbed in the channels of trade and manufactures, the currency appreciated steadily until it reached the metallic standard, and then specie payments were resumed without danger. The same thing will happen here if no rude hands be laid up
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