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2 corrections, most recently by peter-macinnis - Show corrections

To the EdUo)\of(thefiudnpy>(xaz<¡tle.

*\Jt n&tR,,}

verted a long article relative to "the Australian . Company;'.' part of the subject .matter of .which,

being of. some importance,, perhaps you will afford insertion to a few cursory remarks lhere,


This! writer, signing, himself ".Monitor" sets outwith giving two causes, for the formation of 'the Australian Companyj-^first,.in tlie super-

abundance of Scots capital ;,and, secondly, in t\a-nobJc spirit of philanthropy." Now, Sir, it ds my misfortune to differ with this writer on both oríllese points. I am-ofopinioii that the forma Vtiptt of the,Australian Company (if indeed such a'Company'exIsfs beyondlhe mere partnership of "a few individuals), originated.ou no such grounds, ,but in the.usual, desire of gain,'common to all -traders of all countries. Let us examine, how« cvev fairly the avowed riews of the Australian Company, and see whether these fustian compli- ments' 'about "patriotism," '" religion," and "philanthropy1' are borne out, even by their own operations. , ,

It appears that the lading of the two ships, the Greenock and ,the Triton, difler.a very.Httle from that of all other merchant ship's,'which have, from time to time, arrived here. They^bring out, like all others, as.manyipassengers.and as^rnuch private 'trade as can he obtained ;'and'the'Gentlemen, calling themselves Agents of the Company, have, probably, each of them, investments to about the cxlent of a Settler of the first'class arri'viiig from England {'certainly not more'than'has been pos- sessed by many of that "description, who have lately arrived amongst us. Monitor says much as to what we owe to the Company, and as to how we are to serve its interests-to receive and en- tertain the" Commanders of the ships, anti the trading Agents of the Company ; and this good iiaiured and credulous i writer 'wishes that we Should receive them into our houses with " more than ordinary esteem ;" and, inasmuch as private hospitality is not sufficiently expressive of public 'opinion', wemustfurther beslowa public enter- tainment upon these northern shopkeepers ! Let us enquire for what all this display is to be made, it is coolly said, for " the philanthropy andI pa-, triotism" exhibited by this Company, in sinking a million of money for our service-in taking **our food" for "their money" - our raw pro- duce for their merchandize-our labour for their capital. It b this, then, for which we are publicly and privately to feast our benefactors : but let us first &ee whether they really do all ihis-whether the practice of the Company bears out these high-sounding professions. The Australian Com- pany ¡9 a foreign body, dependant for its existence (as an Australian Company) upon the profits to be made from U3 ;-that ia to say, in plain Eng- lish, upon the difference, in money, oetween the value of what they bring us, and of what they take away from us ; to say nothing of whatever part of our capital they may abstract from, us in oash remittances. Let us not be bamboozled, by fine words and flourishing periods, by what are technically called by persons con- nected with the Press in England " trap cUps" Does the Australian Company offer io invest amongst us one shilling of its boasted million, in

any way so as to assist us with its capital in this » our hour of trial and embarrassment ; when, as an g infant, just weaned, we have most occasion for tenderness and support ? On the contrary, do not these Gentlemen, Agents, and Captains, look as anxiously after our dollars, and would they not dun us for them as assiduously if we were in debt to them ; and will they not send them a3 quickly away from us, as would do any other traders ? In what then consists our great obligations to this Company f For what is it to be thus eulogized ? I can discover nothing ; and I defy the mostzea lousnorthern panegyristtostaleonesingleact done yet, by ihe Australian Company, Skippers, or Su- percargoes, or Agents, which all other Skippers, Supercargos, or Agenls, have not exactly done before them ; what a burlesque then is this million of "money hoax ! for such it palpably must be. Scots economy is too proverbial for it to be possi- ble to pul any olher construction upon all these flourishes ! For to what purpose could this boasted million capital be applied ? A million of money invested in trading to an infant Colony, not yet enabled io go alone 1 And what is the first essay made by this Company with this gigantic-sum ? Why, I may venture to state, ihat the whole of the capital employed in the two ships, is much under ten thousand pounds ! For, as to the ves- sels, the common operation of freight and passen jgers places them in the same situation :vith any other merchant ship similarly employed, and of ?course they cannot be taken into the calculation of capital brought here. What dividend, then, will be made to this Company,, upon their mil- lion of money, from this, their first operation, even suppesingfAfir capital brought here to be twice the above amount ; and the money they may takeaway from our capital, and our industry to be also doubled ? Let any Scots economist an iwer this ! Depend upon it, Sir, this Northern .Companys these scions (to borrowotie of Moni- tor's phrases) of Scots growth, differ in no respect from any ¿other of the trading adventurers, who bring- their, ; goods to our market : and,as to ;the 'million pf ¿money, the. very story brings with it its own refutation;-for no set of men could be '.found who would commit the palpable absurdity of sinking so immense a sum¿ in a trade where a fiftieth part of it could not be possibly employed, Âlpcj1 where the dividend must be therefore wholly

inadequate,to»the capital.,

-C;Jf tnçeaj^a^a loss to believe that the writer of tnKârtTcle'in question, was in serious earnest; and was" it not for the-sensible aud truly Australian ¡ipi'rli displayed in some of. his observations,on Cither poiht|4T should consider that his panegyric 'Obpn the Australian Company was. a piece of ^liió^-ih'ge^ióbs'íailre. calculate^ to display this

jporiippu^ and to ci;eate j a faugh ai ihé expele of j

whahaye been.é

'Bart^ ; and I am the

their money. Let usperiise iiVéir/ádveVtiVeménf;

°iÁ.which'i1f<mi'for/s íiptrc'r'isiriaèrtë'di$\%$¡, ¡nithtei . **Ä^'%aa*X;ifie:AuBtralian. Cowíp!anV VMysrtjïe-?




money!" I will quoK

menees willi oflènng for sale, not in exchange fon our " labour or raw produce," but for our dollars, Ihe following articles :-" Smoked hams, prime mess beef and pork, butter, Claret, Madeira, and Port wine, Scots whiskey, and Edinburgh ale !" and it ends with " Frontignac Madeira again,

and Sir Waller Scott's Works ! ! !-A rid the^e to a people who are to be clothed (according to Mo- nitor) in blanketing una leather; audio whom the "yellow buttons" and glossy cloth of an ling li >di bluejacket, is to be the extreme of dan dyi$m! Let us indulge in the personification of this picture. Let us fancy the Australian youth clothed in his blanket jacket and leathern inex- pressibles; sealed at his log table in his bark hut, "barbarizing" over one of the Company's "smoked hams," with a bottle of their best Bell's   ale, a cup of their real Glenlivet whiskey, a cool megrim of claret, and a bottle of true London particular Madeira, and reciting to his blanket backed and leather-bottomed companions (be it

remembered where there are to be no schoolmas-

ters) an impassioned stanza of "The Lay of the Last Minstrel !"-Indeed, Mr. Editor, I perceive, upon reflection that Monitor is a wag!-He is   turning the hoax'upon rthe Australian Company. I see it now quite plaihly ; and I trust he will for- give me for" not having before discovered my

error! , ' ", '

I have troubled you so much at length', thal I must forbear; on thisoccasion, to enter upon the other subject matter of ,your Correspondents let- ter; much of it is of importance, and displays discretion and judgment. I shall very, shortly beg your permission to offer, a few remarks thereupon. -r . ~:L- Premain, Sir, yours, &c. -' ""' "