MY PENINSULAR MEDAL.BY AN OLD PENINSULAR.PART II.

It would, we apprehend, be impossible to find any one who will advocate gambling upon principle; though a multitude of excellent persons, who would shrink with horror were the odious epithet applied to them, are, nevertheless, as much gamblers as if they were staking their money atrouge-et-noirorroulette. The man who buys into a public stock with the intention of selling in a week or a fortnight, in the expectation of doing so at an advanced price, or the other who sells shares which he does not possess, in the confident belief of a speedy fall, is, in everything save decency of appearance, on a par with the haunter of the casino. He may, if he so pleases, designate himself an investor, but, in reality, he is a common gamester. This may be a hard truth, but it is a wholesome one, and it cannot be too often repeated, at a time when general usage, and yielding to temptation, have perverted words from their ordinary significance, and led many of us to justify transactions which, when tried by the standard of morality, and stripped of their disguise, ought to be unhesitatingly condemned. "He that loveth gold shall not be justified," said the son of Sirach. "Many have sinned for a small matter; and he that seeketh for abundance will turn his eyes away. As a nail sticketh fast between the joinings of the stones, so doth sin stick close between buying and selling." This spirit, when it becomes general in the nation, cannot be otherwise than most hurtful to its welfare, since it diverts the thoughts of many from those industrial pursuits which are profitable to themselves and others, and leads them astray from that honourable and upright course which is the sure and only road to wealth, happiness, and esteem. This has been, to a certain extent, acknowledged by government, even within our own time. The pernicious effect of the lotteries, originally, a state device, upon the morals and condition of the lower classes, as testified by the vast increase of crime, became at length so glaring, that these detestable engines of fraud were suppressed by act of parliament. They still linger on the Continent, as most of us have reason to know from the annual receipt of documents, copiously circulated by the Jews of Hamburg and Frankfort, offering us, in exchange for a few florins, the chance of becoming proprietors of several chateaux on the Rhine, with boar-forests, mineral springs, vineyards, and other appurtenances. We presume, fromthe continuity of the circulars, that Israel still finds its dupes; but we never happened, save in one of Charles Lever's novels, to hear of any person lucky enough to stumble on the ticket which secured the right to Henkersberg, Bettlersbad, or Narrenstein. The extent to which lottery gambling was carried in this country seems to us absolutely incredible. Derby sweeps were nothing to it.

"In 1772," says Mr Francis, "lottery magazine proprietors, lottery tailors, lottery staymakers, lottery glovers, lottery hatmakers, lottery tea merchants, lottery barbers—where a man, for being shaved and paying threepence, stood a chance of receiving £10; lottery shoeblacks, lottery eating-houses—where, for sixpence, a plate of meat and the chance of 60 guineas were given; lottery oyster-stalls—where threepence gave a supply of oysters, and a remote chance of five guineas, were plentiful; and, to complete a catalogue which speaks volumes, at a sausage-stall, in a narrow alley, was the important intimation written up, that, for one farthing's worth of sausages, the fortunate purchaser might realise a capital of five shillings. Quack doctors, a class which formed so peculiar a feature in village life of old, sold medicine at a high price, giving those who purchased it tickets in a lottery purporting to contain silver and other valuable prizes."

"In 1772," says Mr Francis, "lottery magazine proprietors, lottery tailors, lottery staymakers, lottery glovers, lottery hatmakers, lottery tea merchants, lottery barbers—where a man, for being shaved and paying threepence, stood a chance of receiving £10; lottery shoeblacks, lottery eating-houses—where, for sixpence, a plate of meat and the chance of 60 guineas were given; lottery oyster-stalls—where threepence gave a supply of oysters, and a remote chance of five guineas, were plentiful; and, to complete a catalogue which speaks volumes, at a sausage-stall, in a narrow alley, was the important intimation written up, that, for one farthing's worth of sausages, the fortunate purchaser might realise a capital of five shillings. Quack doctors, a class which formed so peculiar a feature in village life of old, sold medicine at a high price, giving those who purchased it tickets in a lottery purporting to contain silver and other valuable prizes."

A new discovery was presently made, which had a serious effect upon trade. Money-prizes were discontinued, and shopkeepers, parcelling out their goods, disposed of them by lottery. As a matter of course, this business, commenced by disreputable adventurers, proved most injurious to the regular dealer. People refused to buy an article at the regular price, when it might be obtained for next to nothing. They were, however, utterly wrong, for the staple of the prize goods, when inspected, proved to be of the most flimsy description. Tickets in the state lotteries became the subject of pawn, and were so received by the brokers, and even by the bankers. Suicide was rife; forgery grew common; theft increased enormously. Husbands and fathers saw their wives and children reduced to absolute starvation, and weeping bitterly for bread, and yet pawned their last articles of household furniture for one more desperate chance in the lottery. Wives betrayed their husbands, and plundered them, for the same purpose. Servants robbed their masters; commissions and offices were sold. Insurance was resorted to, to accommodate all classes. Those who had not money to pay for tickets might insure a certain number for a small sum, and thus obtain a prize; and so lottery grew upon lottery, and the sphere was indefinitely extended. It was not until 1826 that this abominable system, was finally crushed. The image of the vans, placards, and handbills of Bish is still fresh in our memory; and we pray devoutly that succeeding generations may never behold a similar spectacle.

It would be in vain for us, within the limits of an article, to attempt even the faintest sketch of the speculative manias which, from time to time, have affected the prosperity of Great Britain. Some of these have been quite, as baseless as the South Sea bubble, and may be directly traced to the agency and instigation of the Stock Exchange. Others were founded upon schemes of manifest advantage to the public, and even to the proprietary, if cautiously and wisely carried out; but here again the passion for gambling has been insanely developed, and encouraged by those who sought to make fortunes at the expense of their dupes. There is at all times, in this country, a vast deal of unemployed capital, which, in the cant phrase, "is waiting for investment," and which cannot well be invested in any of the ordinary channels of business. The fact is, that within the area of Britain, it has been long difficult for a capitalist to select a proper field of operation; and the tendency of recent legislation has materially increased the difficulty. The country, in fact, may be considered as entirelymade. Agricultural improvement, on a large scale, which implied the possession of a tract of unprofitable country, was considered, even before the repeal of the corn laws, as no hopeful speculation. Since that disastrous event, the chances have naturally diminished; and we suspect that, by this time, very few people have any faith in Sir Robert Peel's proposal for establishing new colonies in Connaught. When we find the WhigLord Monteagle denouncing free trade as the bane of Ireland, we may be sure that few capitalists will sink their funds in the western bogs, hoping that they may appear again in the shape of golden grain which may defy the competition of the fertile valleys of America. We have quite enough of factories for all the demand which is likely to come for years: instead of building new ones, it is always easy, if any one has a fancy for it, to purchase abandoned mills at a very considerable discount; but we do not find such stock eagerly demanded in the market. Foreign competition has extinguished several branches of industry to which capital might be profitably applied, and materially injured others; so that moneyed men really are at a loss for eligible investment. This want has been felt for a long time; and the uncertain policy of our ministers, with regard to colonial affairs, has undoubtedly had an injurious effect upon the prosperity of these dependencies. We have annihilated much of the capital invested in the West Indies, and have withdrawn a great deal more. It is long since Adam Smith urged the propriety and the policy of identifying some of our more important colonies with Great Britain, by the simple process of incorporation, thus extending materially the field of the capitalist upon security equal to that which he can always command at home. Such an opportunity is at this moment afforded by Canada; but it seems that we will rather run the risk of seeing Canada merge in the United States than make any sacrifice of our pride, even where our interest is concerned. A considerable deal of capital has gone to Australia; but we suspect, from late events, that the future supply will be limited.

Before the railways opened to capitalists a channel of investment which appeared exceedingly plausible, and which was, in a great measure, guaranteed by the result of experiment, vast masses of realised wealth accumulated from time to time. Upon these hoards the members, myrmidons, and jobbers of the Stock Exchange, cast a covetous eye: they whispered to each other, in the language of King John—

"Let them shake the bagsOf hoarding abbots; angels imprisonedSet thou at liberty: the fat ribs of peaceMust by the hungry now be fed upon:Use ourcommissionin its utmost force."

"Let them shake the bagsOf hoarding abbots; angels imprisonedSet thou at liberty: the fat ribs of peaceMust by the hungry now be fed upon:Use ourcommissionin its utmost force."

"Let them shake the bagsOf hoarding abbots; angels imprisonedSet thou at liberty: the fat ribs of peaceMust by the hungry now be fed upon:Use ourcommissionin its utmost force."

Acting upon this principle, they made their business to find out new channels of investment—an easier task than the discovery of a north-western passage in the arctic regions—and to represent these in all the glowing colours which are peculiar to the artists of 'Change Alley.

The year 1823 was remarkable for the commencement of an epidemic which proved, in its effects, even more disastrous than the South Sea delusion. It would be tedious to enumerate or discuss the causes which led to this sudden outburst; some of them have been indirectly traced to the operation of Sir Robert Peel's famous Currency Act of 1819, which fettered the Bank of England, whilst it left the country bankers free to issue unlimited paper, and to the respite of the smaller notes which had been previously doomed to extinction. Whatever may have been the cause, speculation began and increased at a rate which was quite unprecedented. All kinds of ridiculous schemes found favour in the public eye: nothing was too absurd or preposterous to scare away applicants for shares. Mining, building, shipping, insurance, railway, colonising, and washing companies were established: even an association for the making of gold was subscribed for to the full amount, and doubtless a balloon company for lunar purposes would have been equally popular. This period was marked by the apparition of an entirely new animal in the precincts of the Stock Exchange. Bulls, bears, and even lame ducks, were creatures coeval with its existence; but the "stag," in its humanised form, first appeared in 1823. The following sketch might pass for a view of Capel Court some two-and-twenty years later:—

"The readiness with which shares were attainable first created a class of speculators that has ever since formed a marked feature in periods of excitement, in the dabblers in shares and loans with which the courts and crannies of the parent establishment were crowded. The scene was worthy the pencil of an artist. Withhuge pocket-book containing worthless scrip; with crafty countenance and cunning eye; with showy jewellery and threadbare coat; with well-greased locks, and unpolished boots; with knavery in every curl of the lip, and villany in every thought of the heart; the stag, as he was afterwards termed, was a prominent portrait in the foreground. Grouped together in one corner, might be seen a knot of boys, eagerly buying and selling at a profit which bore no comparison to the loss of honesty they each day experienced. Day after day were elderly men with huge umbrellas witnessed in the same spot, doing business with those whose characters might be judged from their company. At another point, the youth just rising into manhood, conscious of a few guineas in his purse, with a resolute determination to increase them at any price, gathered a group around, while he delivered his invention to the listening throng, who regarded him as a superior spirit. In every corner, and in every vacant space, might be seen men eagerly discussing the premium of a new company, the rate of a new loan, the rumoured profit of some lucky speculator, the rumoured failure of some great financier, or wrangling with savage eagerness over the fate of a shilling. The scene has been appropriated by a novelist as not unworthy of his pen. 'There I found myself,' he writes, 'in such company as I had never seen before. Gay sparks, with their hats placed on one side, and their hands in their breeches' pockets, walked up and down with a magnificent strut, whistling most harmoniously, or occasionally humming an Italian air. Several grave personages stood in close consultation, scowling on all who approached, and seeming to reprehend any intrusion. Some lads, whose faces announced their Hebrew origin, and whose miscellaneous finery was finely emblematical of Rag Fair, passed in and out; and besides these, there attended a strangely varied rabble, exhibiting in all sorts of forms and ages, dirty habiliments, calamitous poverty, and grim-visaged villany. It was curious to me to hear with what apparent intelligence they discussed all the concerns of the nation. Every wretch was a statesman; and each could explain, not only all that had been hinted at in parliament, but all that was at that moment passing in the bosom of the Chancellor of the Exchequer.'"

"The readiness with which shares were attainable first created a class of speculators that has ever since formed a marked feature in periods of excitement, in the dabblers in shares and loans with which the courts and crannies of the parent establishment were crowded. The scene was worthy the pencil of an artist. Withhuge pocket-book containing worthless scrip; with crafty countenance and cunning eye; with showy jewellery and threadbare coat; with well-greased locks, and unpolished boots; with knavery in every curl of the lip, and villany in every thought of the heart; the stag, as he was afterwards termed, was a prominent portrait in the foreground. Grouped together in one corner, might be seen a knot of boys, eagerly buying and selling at a profit which bore no comparison to the loss of honesty they each day experienced. Day after day were elderly men with huge umbrellas witnessed in the same spot, doing business with those whose characters might be judged from their company. At another point, the youth just rising into manhood, conscious of a few guineas in his purse, with a resolute determination to increase them at any price, gathered a group around, while he delivered his invention to the listening throng, who regarded him as a superior spirit. In every corner, and in every vacant space, might be seen men eagerly discussing the premium of a new company, the rate of a new loan, the rumoured profit of some lucky speculator, the rumoured failure of some great financier, or wrangling with savage eagerness over the fate of a shilling. The scene has been appropriated by a novelist as not unworthy of his pen. 'There I found myself,' he writes, 'in such company as I had never seen before. Gay sparks, with their hats placed on one side, and their hands in their breeches' pockets, walked up and down with a magnificent strut, whistling most harmoniously, or occasionally humming an Italian air. Several grave personages stood in close consultation, scowling on all who approached, and seeming to reprehend any intrusion. Some lads, whose faces announced their Hebrew origin, and whose miscellaneous finery was finely emblematical of Rag Fair, passed in and out; and besides these, there attended a strangely varied rabble, exhibiting in all sorts of forms and ages, dirty habiliments, calamitous poverty, and grim-visaged villany. It was curious to me to hear with what apparent intelligence they discussed all the concerns of the nation. Every wretch was a statesman; and each could explain, not only all that had been hinted at in parliament, but all that was at that moment passing in the bosom of the Chancellor of the Exchequer.'"

The sketch is not over-coloured. No one can have forgotten the sudden swarm of flesh-flies, called from corruption into existence during the heat of the railway mania, and the ridiculous airs of importance which they assumed. A convulsion of this kind—for it can be styled nothing else—does infinite injury to society; for the common greed of gain too often breaks down the barriers which morality, education, and refinement have reared up, and proves that speculation, as well as poverty, has a tendency to make men acquainted with strange companions.

There were, however, features in the mania of 1823 which distinguish it from every other. The joint-stock companies established for domestic bubble purposes engrossed but a limited share of the public attention; though the extent of that limitation may be estimated by the fact, that five hundred and thirty-two new companies were projected, with a nominal subscribed capital of £441,649,600. Of course only a mere fraction of this money was actually put down; still the gambling in the shares was enormous. The greater part of the capital actually abstracted from the country went in the shape of foreign loans, of which there were no less than twenty-six contracted during that disastrous period, or very shortly before, to an amount of about fifty-six millions. On sixteen of these loans interest has ceased to be paid. We find among the borrowers such states as Chili, Buenos Ayres, Colombia, Guatemala, Gunduljava, Mexico, and Peru, not to mention Greece, Portugal, and Spain, countries which have set to Europe a scandalous example of repudiation. Most of these loans purported to bear interest at the rate of six per cent, and some of them were contracted for at so low a figure as 68; nevertheless, with all these seeming advantages, it appears marvellous that people should have lent their money on such slender security as the new republics could offer. We observe that Mr Francis has revived the antiquated scandal touching Joseph Hume's "mistake" with regard to the Greek bonds, a story which has been a sore thorn in the side of the veteran reformer. We think he might have let it alone. The real mistake lay on the part of those who assumed that Joseph's philanthropic interest in the Greek cause was so intense as to suffer him for one momentto lose sight of his own. His anxiety to back out of a bad bargain was perfectly natural. He never was an Epaminondas, and he felt justly irritated at the foolishness of the Greeks in persisting that he should sustain the heroic character, at the expense of his privy purse, when the stock had fallen to a discount. If, when it rose again to par, the Greek deputies were weak enough to repay him the amount of his loss, with the uttermost farthing of interest, that was their concern. When a senatorial sympathiser gives the aid of his lungs to the cause of suffering humanity, he has surely done enough. Why mulct him further from the pocket?

Those foreign loans, and the drain of bullion which they occasioned, speedily brought on the crisis. It was a very fearful one, and for the second time, at least, the Bank of England was in danger. It was then that mighty establishment owed its safety to the discovery of a neglected box of one pound notes, which, according to the evidence of Mr Harman, one of the principal directors, saved the credit of the country. The coffers of the bank were exhausted, almost to the last sovereign; and but for that most fortunate box, cash payments must have been suspended in December 1825, a position of affairs the issue of which no human intelligence could predicate. Subsequent legislation has not been able to guard us against the possibility of a similar recurrence. All that has been done is to insure the certainty of an earlier and more frequent panic, and to clog the wheels of commerce by rendering discounts impracticable at periods when no speculation is on foot. But as far as regards the stability of the Bank of England, under our present monetary laws, no provision has been made, in any way commensurate to the additional risk occasioned by the absorption of the twenty millions and upwards lodged in the savings-banks, all which must, when required, be repaid in the precious metals; and in case of any convulsion, or violent alarm, it is clear that such a demand would be made. The experience of 1832 has clearly demonstrated how the fate of a ministry may be made to depend upon the position of the establishment in Threadneedle Street.

It is perhaps not to be wondered at that, in a commercial country like ours, wealth should command that respect and homage which, in other times, was accorded to the possessors of nobler attributes. We make every allowance for the altered circumstances of the age. High and heroic valour, as it existed before, and undoubtedly still does exist, has not the same field for its display as in the days when Christendom was leagued against the Infidel, or even in those, comparatively later, when contending factions made their appeal to arms. Our wars, when they do occur, are matters of tactics and generalship; and physical courage and daring has ceased to be the path to more than common renown. Where most are loyal, and no treason is at hand, loyalty is no conspicuous virtue. Those who are distinguished in the walks of literature and science need not covet adulation, and very seldom can command it. Their fame is of too noble and enduring a quality to be affected by ephemeral applause; and it is good for them to work on in patience and in silence, trusting for their reward hereafter. The substantiality of wealth, the power and patronage which it commands, will inevitably make its possessor more conspicuous in the eyes of the community, than if he were adorned with the highest mental attributes. All things are measured by money: and when money is acknowledged as the chief motive power, he who knows best how to amass it cannot fail to be the object of attention. But the marked and indiscriminate homage which is paid to wealth alone, without regard to the character of the possessor, or the means through which that wealth has been acquired, is, in our estimation, a feature disgraceful to the age, and, were it altogether new, would justify us in thinking that the spirit of independence had declined. We shall hold ourselves excused from illustrating our meaning by making special reference to a recent but striking instance, in which wealth suddenly acquired, though by most iniquitous means, raised its owner, for a time, to the pinnacle of public observation. We prefer selecting from the pages ofMr Francis the portrait of a man whose character displayed nothing that was great, generous, benevolent, or noble; whose whole life and whole energies were devoted to the acquisition of pelf; whose manners were coarse; whose person was unprepossessing; whose mind never ranged beyond its own contracted and money-making sphere; and who yet commanded, in this England of ours, a homage greater than was ever paid to virtue, intellect, or valour. Such a man was Nathan Meyer Rothschild, the famous Jew capitalist.

Originally from Frankfort, this remarkable man came over to England towards the close of last century, and commenced operations in Manchester, where he is said to have speedily trebled his first capital of £20,000:—

"This," says Mr Francis, "was the foundation of that colossal fortune which afterwards passed into a proverb; and in 1800, finding Manchester too small for the mind which could grapple with these profits, Rothschild came to London. It was the period when such a man was sure to make progress, as, clear and comprehensive in his commercial views, he was also rapid and decisive in working out the ideas which presented themselves. Business was plentiful; the entire Continent formed our customers; and Rothschild reaped a rich reward. From bargain to bargain, from profit to profit, the Hebrew financier went on and prospered. Gifted with a fine perception, he never hesitated in action. Having bought some bills of the Duke of Wellington at a discount—to the payment of which the faith of the state was pledged—his next operation was to buy the gold which was necessary to pay them, and, when he had purchased it, he was, as he expected, informed that the government required it. Government had it—but, doubtless, paid for the accommodation. 'It was the best business I ever did!' he exclaimed triumphantly; and he added that, when the government had got it, it was of no service to them until he had undertaken to convey it to Portugal."

"This," says Mr Francis, "was the foundation of that colossal fortune which afterwards passed into a proverb; and in 1800, finding Manchester too small for the mind which could grapple with these profits, Rothschild came to London. It was the period when such a man was sure to make progress, as, clear and comprehensive in his commercial views, he was also rapid and decisive in working out the ideas which presented themselves. Business was plentiful; the entire Continent formed our customers; and Rothschild reaped a rich reward. From bargain to bargain, from profit to profit, the Hebrew financier went on and prospered. Gifted with a fine perception, he never hesitated in action. Having bought some bills of the Duke of Wellington at a discount—to the payment of which the faith of the state was pledged—his next operation was to buy the gold which was necessary to pay them, and, when he had purchased it, he was, as he expected, informed that the government required it. Government had it—but, doubtless, paid for the accommodation. 'It was the best business I ever did!' he exclaimed triumphantly; and he added that, when the government had got it, it was of no service to them until he had undertaken to convey it to Portugal."

Rothschild was, in fact, a usurer to the state, as greedy and unconscionable as the humbler Hebrew who discounts the bill of a spendthrift at forty per cent, and, instead of handing over the balance in cash to his victim, forces him to accept the moiety in coals, pictures, or cigars. His information was minute, exclusive, and ramified. All the arts which had been employed on the Stock Exchange in earlier times were revived by him, and new "dodges" introduced to depress or to raise the market.

"One cause of his success was the secrecy with which he shrouded all his transactions, and the tortuous policy with which he misled those the most who watched him the keenest. If he possessed news calculated to make the funds rise, he would commission the broker who acted on his behalf to sell half a million. The shoal of men who usually follow the movements of others sold with him. The news soon passed through Capel Court that Rothschild was bearing the market, and the funds fell. Men looked doubtingly at one another; a general panic spread; bad news was looked for; and these united agencies sank the price two or three per cent. This was the result expected; and other brokers, not usually employed by him, bought all they could at the reduced rate. By the time this was accomplished, the good news had arrived; the pressure ceased; the funds rose instantly; and Mr Rothschild reaped his reward."

"One cause of his success was the secrecy with which he shrouded all his transactions, and the tortuous policy with which he misled those the most who watched him the keenest. If he possessed news calculated to make the funds rise, he would commission the broker who acted on his behalf to sell half a million. The shoal of men who usually follow the movements of others sold with him. The news soon passed through Capel Court that Rothschild was bearing the market, and the funds fell. Men looked doubtingly at one another; a general panic spread; bad news was looked for; and these united agencies sank the price two or three per cent. This was the result expected; and other brokers, not usually employed by him, bought all they could at the reduced rate. By the time this was accomplished, the good news had arrived; the pressure ceased; the funds rose instantly; and Mr Rothschild reaped his reward."

The morality of the ring has sometimes been called in question; but we freely confess, that we would rather trust ourselves implicitly to the tender mercies of the veriest leg that ever bartered horse-flesh, than to those of such a man as "the first baron of Jewry"—a title which was given him by a foreign potentate, to the profanation of a noble Christian order.

Such were the doings of Rothschild: let us now see him in person. "He was a mark for the satirists of the day. His huge and somewhat slovenly appearance; the lounging attitude he assumed, as he leaned against his pillar in the Royal Exchange; his rough and rugged speech; his foreign accent and idiom, made caricature mark him as its own; while even caricature lost all power over a subject which defied its utmost skill. His person was made an object of ridicule; but his form and features were from God. His mind and manners were fashioned by circumstances; his acts alone were public property, and by these we have a right to judge him. No great benevolence lit up his path; no great charity is related of him. The press, ever ready to chronicle liberal deeds, wasalmost silent upon the point; and the fine feeling which marked the path of an Abraham Goldsmid, and which brightens the career of many of the same creed, is unrecorded by the power which alone could give it publicity."

Mr Disraeli, in some of his clever novels, has drawn the portrait of a great Jew financier in colours at once brilliant and pleasing. His Sidonia, whilst deeply engaged in money-making pursuits, is represented as a man of boundless accomplishment, expanded intellect, varied information, and princely generosity. He is the very Paladin of the Exchange—a compound of Orlando and Sir Moses Montefiore. The extravagance of the conception does not prevent us from admiring the consummate skill of the author, in adapting his materials so as to elevate our ideas and estimate of the Hebrew idiosyncrasy. Sidonia is as much at home in the palace as in the counting-room; his great wealth ceases to be the prominent feature, and becomes the mere accessory of the polished and intellectual man; avarice never for one moment is permitted to appear; on the contrary, the prodigality of the munificent Hebrew is something more than Oriental. We may refuse to believe in the reality of such a character, which implies a combination of the most antagonistic pursuits, and a union of mental attributes which could not possibly coexist; but, this difficulty once surmounted, we cannot challenge the right of so eminently gifted an individual to take his place among the true nobility of the earth. We fear, however, that such a phœnix of Palestine has no existence, save on paper. Certain it is, that Rothschild was not the man; and yet Rothschild, in his day, commanded as much homage as the novelist has claimed for Sidonia. Great is the power of money! Princes feasted with him; ambassadors attended him to the tomb; and yet, for all we can learn, he was not equal, in moral worth, to the meanest pauper in the workhouse. He would at times give a guinea to a street beggar, not for the object of relieving his wants, but to enjoy the joke of seeing him run away, under the apprehension that the donor had been mistaken in the coin! His wealth was gained by chicanery, and augmented by systematic deceit; and yet attend to the words of the chronicler:—

"Peers and princes of the blood sat at his table; clergymen and laymen bowed before him; and they who preached loudest against mammon, bent lowest before the mammon-worshipper. Gorgeous plate, fine furniture, an establishment such as many a noble of Norman descent would envy, graced his entertainments. Without social refinement, with manners which, offensive in the million, were butbrusquein the millionnaire; he collected around him the fastidious members of the most fastidious aristocracy in the world. He saw the representatives of all the states in Europe proud of his friendship. By the democratic envoy of the New World, by the ambassador of the imperial Russ, was his hospitality alike accepted; while the man who warred with slavery in all its forms and phases, was himself slave to the golden reputation of the Hebrew. The language which Mr Rothschild could use when his anger overbalanced his discretion, was a license allowed to his wealth; and he who, when placed in a position which almost compelled him to subscribe to a pressing charity, could exclaim, "Here, write a cheque—I have made one—fool of myself!" was courted and caressed by the clergy, was fêted and followed by the peer, was treated as an equal by the first minister of the crown, and more than worshipped by those whose names stood foremost on the roll of a commercial aristocracy. His mode of dictating letters was characteristic of a mind entirely absorbed in money-making; and his ravings, when he found a bill unexpectedly protested, were translated into mercantile language before they were fit to meet a correspondent's eye. It is painful to write thus depreciatingly of a man who possessed so large a development of brain; but the golden gods of England have many idolaters, and the voice of truth rarely penetrates the private room of the English merchant."

"Peers and princes of the blood sat at his table; clergymen and laymen bowed before him; and they who preached loudest against mammon, bent lowest before the mammon-worshipper. Gorgeous plate, fine furniture, an establishment such as many a noble of Norman descent would envy, graced his entertainments. Without social refinement, with manners which, offensive in the million, were butbrusquein the millionnaire; he collected around him the fastidious members of the most fastidious aristocracy in the world. He saw the representatives of all the states in Europe proud of his friendship. By the democratic envoy of the New World, by the ambassador of the imperial Russ, was his hospitality alike accepted; while the man who warred with slavery in all its forms and phases, was himself slave to the golden reputation of the Hebrew. The language which Mr Rothschild could use when his anger overbalanced his discretion, was a license allowed to his wealth; and he who, when placed in a position which almost compelled him to subscribe to a pressing charity, could exclaim, "Here, write a cheque—I have made one—fool of myself!" was courted and caressed by the clergy, was fêted and followed by the peer, was treated as an equal by the first minister of the crown, and more than worshipped by those whose names stood foremost on the roll of a commercial aristocracy. His mode of dictating letters was characteristic of a mind entirely absorbed in money-making; and his ravings, when he found a bill unexpectedly protested, were translated into mercantile language before they were fit to meet a correspondent's eye. It is painful to write thus depreciatingly of a man who possessed so large a development of brain; but the golden gods of England have many idolaters, and the voice of truth rarely penetrates the private room of the English merchant."

Poor as Lazarus may be, let him not envy the position of Dives. Even in this world, riches cannot purchase happiness. Any pecuniary loss was enough to drive Rothschild to despair. His existence was further embittered by the dread of assassination—no uncommon symptom, when the mind is rarely at ease; and those who knew him best, said that he was often troubled with such thoughts, and that they haunted him at moments when hewould willingly have forgotten them. "Happy!" he said, in reply to the compliment of a guest—"me happy! what! happy when, just as you are going to dine, you have a letter placed in your hands, saying, 'If you do not send me £500, I will blow your brains out?' Happy!—me happy!" We are not compassionate enough to wish that it had been otherwise. Such thoughts are the foreshadowing of the end of those who have prospered beyond their deserts, and have failed in making even that negative expiation, which conscience sometimes extorts from the apprehensions of unscrupulous men.

And here we shall close our remarks. There is still a fertile field before us, on which we might be tempted to enter; but that discussion would bring us too near our own days, and involve the resumption of topics which have already been handled in Maga. The time doubtless will come, when, after the cessation of some new fit of speculation, and when men are cursing their folly, and attempting by late industry to repair their shattered fortunes, some historian like Mr Francis shall take up the pen, and chronicle our weakness, as that of our fathers is already chronicled. In the meantime, it would be well for all of us seriously to lay to heart the lesson which may be drawn from this interesting record. Speculation, carried beyond due bounds, is neither more nor less than a repetition of the old game ofBeggar my Neighbour, under another form. To fair and legitimate enterprise we owe much of our modern improvement; which has been further rendered necessary by the pressure which has increased, and is increasing upon us. To unfair and illegitimate enterprise, undertaken for the sole purpose of immediate gain, we owe nothing save periods of great misery and desolation. The game ofBeggar my Neighbourmay be played privately or publicly. Some of us have taken a hand in it privately, with what results we shall keep to ourselves. For several years back, our statesmen have played the public game, and played it well. They have succeeded in inflicting successively a blow upon each great interest of the country, by dealing with each separately, and by alienating the sympathy of the others. The game is now pretty well played out; and when we come to reckon our counters, it is evident from the result, that not one of the parties so dealt with has been a winner! Who, then, are the gainers? We think the answer is plain. They are the Capitalist and the Foreigner.

We held our course, after parting with our friends in the boat, and were soon at the harbour's mouth. The breeze continued to freshen, and the swell to increase. Our little Wilhelmina now began to give us a specimen of her qualities as a sea-boat. Labouring through the curled and crested seas, creaking, groaning, vibrating from stem to stern; now balancing, with her keel half bare, on the summit of a lofty surge, now deep in a liquid trough; now kicking up behind, now running her nose bang into a bank of water; now pointing skywards, as if bound to the moon, and not to Lisbon; now pitching, now jig-jigging it, she simulated the paces of a Spanish genet—a great deal of action, very little progress.

By the time we were clear of the harbour, and in comparatively smooth water, the wind had shifted to the north-west; our course lay south, and, being sheltered by the land, we soon exchanged the jig-jigging of our exit from port for a far more agreeable, because more equable motion, as we drove over ocean's swell. It had already become palpably evident that none of our military friends were good sailors. Now, however, they were all able to stand without holding—all, I should say, but one unhappyindividual, and that was Mr Commissary Capsicum, who had been reduced to a miserable state of disorder by the active movements of the brig, and whose actual symptoms were by no means those of convalescence.

Night closed in. It was past twilight, yet not wholly dark—in short, that interval between twilight and perfect night, for which in English we have no word, but which the richer language of Burns expressively designates as "the gloaming." Little more than enough of it to fill the sails and give the vessel way, the wind was soft, and at times scarcely perceptible. The waves heaved lazily; the ship surmounted them with measured rise and fall; and, though the heavens were overcast, a light, different from that of day, clear but faint, was equably diffused on all sides. The tremulous surface of the ocean, dark, but distinguishable to the horizon, was there sharply outlined against the pale but still luminous sky.

Since we left port in the morning, what with showers and spray, wind and sunshine, I had been more than once wet through and dry again. The consequences were now perceptible. I shivered inwardly. My mind, too, was ill at ease. After much reflection, and some self-examination, I came to this conclusion: that something was requisite, something was indispensable, in my actual condition both of mind and body. What that something was, did not instantly occur to me. I asked myself the question point-blank—I answered it. The problem was solved: I wanted—a nightcap. Down I rushed into the cabin. "Steward, bring me some hot water and a little brandy."—"Yes, sir; a glass of hot brandy and water, sir; coming directly, sir."—"No, no, steward; that's not what I called for. Bring the brandy and the hot water separate. I'll mix for myself."

"Quite right," growled a feeble voice. It was poor, unhappy, still-very-far-from-perfectly-recovered Mr Capsicum's. The falling of the wind had so far abated the ship's movements, that his worst symptoms were now relieved. Still, however, he was far, very far, from well. Most of the passengers had turned in; but there, by lamplight, sat poor Capsicum at the cabin table, from sheer listlessness, destitute of sufficient energies to put himself to bed, a lamentable spectacle.

"Suppose you join me, then," said I. "Do you good."

"Can't, can't," said he, plaintively. "Couldn't get it down, if I knew it would make me well this instant. Wish I could. I'll see you take yours, though. That'll be some comfort, anyhow."

The steward now brought hot water, half a lemon, lump-sugar, tumbler half full of capital brandy.—"Here, steward, you may take the lemon away with you. Don't want it."

"Quite right," grunted Capsicum, who thought himself a connoisseur in all things eatable and drinkable. "Quite right; no rum, no lemon." Spite of his pitiful plight, he now,con amore, set himself to watch my operations critically; as if, from the brewing, he would form an estimate of my judgment, capabilities, taste, character, and general attainments.

With the silver tongs I extracted a lump of crystal sugar, the largest in the basin. The present "without" system was not then in vogue, nor have I adopted it yet. But now there was a hitch—how to melt the sugar. In the tumbler it must not go—there was the brandy: that had been an infringement of all the laws of potatory combination. I felt that I was under observation, and that my character was at stake. I placed the sugar in the spoon. "Quite right," said Capsicum.

Yet neither, according to the modern practice, did I wash the sugar, half melted, from the spoon into the tumbler, with a stream of hot water. That, I submit, is an approximation to the error of immersing the sugar in the unmixed brandy. No, no. Holding the spoon over the tumbler, I carefully dropped upon the sugar three drops of the boiling water. It was enough. The sugar gradually subsided into a pellucid liquid, which filled the spoon. Capsicum, who, sick as he was, still watched my proceedings with the deepest interest, and with a patronising air of mild benignity, repeated his testimonial—"Quite right."

Waiting till the sugar was wholly dissolved, I then at length infused sufficient hot water to scald the raw spirits, then added the sugar. Two or three stirs sufficed; not a bead floated on the surface. The mixture was made—tumbler about half an inch from full—a "stiff un." Capsicum raised himself from the table on which he had been leaning, with folded arms, like a cat watching a mouse, and gave a snort of approbation.

"You and that white fellow old acquaintance?" said Capsicum.

"Our acquaintance," replied I, "commenced at Falmouth about a week ago."

"Oh! thought perhaps he was some family connexion," said Capsicum.

"The connexion is quite recent, as I tell you," said I; "but I certainly don't mean to cut it. Hope to dine with him at headquarters, every day I'm disengaged."

"Dine with him at headquarters?" replied Capsicum. "You'll do nothing of the kind, I can tell you that, sir. That is, you'll dine with him at my table; pretty often, too, I trust. Hope I shall frequently have the pleasure of seeing you both. But at his own table, if you're twenty years at headquarters, you won't dine with him once; take my word for that. John Barrymore wouldn't suffer it." Here was a blow!

"Well, but that's a thing I can't understand," said I.

"Well then, I must make you understand it," replied Capsicum. "You are going out on an appointment as clerk in John Barrymore's Department. Isn't it so?" I bowed assent.

"Very well. That white chap does business in commissariat bills. When he gets a bill, he's dying to get the cash. Your Department pays the cash. Don't you see, my dear sir? It wouldn't do. It would be utterly at variance with all the rules of propriety, for any man in your Department to be on terms of intimacy with any man who does business in bills. Besides, it would be contrary to headquarters etiquette; everybody would talk about it. Now," added Capsicum, with a self-approving air, "now I've done my duty by John Barrymore. Noticed you were very thick. Thought I'd tell you, the first opportunity. Oh me! oh me!" (sighing, panting, gasping, pressing his hands on his stomach, and swaying his head from side to side,) "how very ill I do, feel! Such a horrid sensation! a don't-know-howishness—a sort of a come-overishness! The exertion of talking has made me quite bad again. Here, steward! steward! I must go on deck this instant." He turned ghastly green.

"Yet," said I, hoping he would soon be better, "Mr Gingham, it seems, can dine withyou, without any breach of propriety."

"Yes, yes, to be sure he can," said Capsicum; "and so can you. Our Department don't finger the cash. Don't you see? That makes all the difference. Hope you'll both dine with me often."

"Shall be very happy," replied I: "much obliged for your kind invitation. But still I can't understand. Mr Gingham has been at headquarters before, and knows headquarters. He also knows, I suppose, that your humble servant is a clerk of the military chest. Yet it was he himself who made the proposal that he and I should campaign together."

"Can't explain that," said Capsicum; "must leave him to explain that as he can. Oh! here he comes."

Gingham, before he turned in, had been on deck, to take a last look at the weather, to commune with the silent night, to scrutinise the horizon, to soliloquise with the clouds, and perhaps for some better and more solemn purposes: for Gingham, with all his oddities, was a man of religious principle, and of devotional feeling, and cared not who knew it. He now approached, and seated himself with us at the cabin table.

"Saw you at Cadiz," said Capsicum. "Think I saw you at Madrid."

"I saw you at Canton," coolly replied Gingham. Capsicum looked a little queer.

"At Canton?" said Capsicum. "Saw me at Canton? Did you, though? Come, come, now you're joking, you know. Did you though, really? How was I dressed?"

"You were dressed like what you were; not exactly as you are dressed now. You had a long, taper pigtail,reaching down to your heels; no hair on your head besides. You had slippers, scarlet and gold, turned up at the toes. You carried a fan; and didn't I once or twice see you followed by a fellow who carried a parasol over your head at the top of a long pole? You had—"

"I'll tell you what," said Capsicum precipitately; "I'm a Christian for all that, and my father was an Englishman. True, I was bred at Canton; but I wasn't born there. Born at Macao. My mother—"

Here, in a voice which ran through all the notes of the gamut, not however in due order, but like the cat's minuet, high and low alternately, Gingham struck up a strange outlandish sort of utterance, whether talking or singing I could not tell; but, if singing, it was the rummest song I ever heard—a jumping, dissonant compound of bass and treble. Capsicum responded in a similar fugue. The two funny rogues were speaking Chinese! The discovery of Capsicum's semi-gentile extraction tickled my fancy not a little.

"So," said Capsicum to Gingham, "you and Johnny intend to make a joint concern of it at headquarters."

"That's how we've settled it," replied Gingham.

"Can't be," said Capsicum. "Thought you knew all headquarters' rules, regulations, and observances."

"Thought I did know something about them," replied Gingham.

"Well, then," replied Capsicum, "don't you know what department young Johnny here belongs to?"

"Yourdepartment, the commissariat department, I always understood," replied Gingham; "saw his name put down so in the list of passengers per packet at Falmouth. If Mr Y— will oblige me by referring to a document, which I had the honour of handing him before dinner, he will find himself there designated accordingly."

Sure enough, so it was: "G. Y—, Esq., Commissary-General's Department, in A. C., with Gingham Gingham."

"But didn't you happen to know that Mr Y—, as you call him," said Capsicum, "was John Barrymore's own nephew?"

"Of that circumstance I was not cognisant," replied Gingham, "till I happened to become aware of it by the conversation during dinner. Still I retained my former impression, that Mr Y— belonged to your department, not to the military chest."

"The long and the short of it," said I to Gingham, "is this. Shirty here, I am sorry to say, gives me to understand that, at headquarters, as I am attached to the military chest, and not to the commissariat, I cannot have the pleasure of stretching my legs under your table, when you give a spread. My regret is undissembled and profound."

"Nor," said Gingham, "while we both retain our present positions, can we be more than common acquaintance."

The shock of thisdénouementwas diverted by Capsicum. Spite of his sea-sickness he had purpled up; his eyes flashed and twinkled beneath his massive and contracted brows; he growled, he grunted, he wheezed, he snorted, he puffed; for a time he could not articulate. Either he performed admirably, or he was regularly riled. At length, recovering his breath, not once looking at me, but leaning over to Gingham on the table, he whispered hurriedly, "What does he mean by that? Shirty? Who's Shirty?" Again he turned very green, and sat back in his chair, panting, and swaying his head, like a man ready to faint.

I was sorry to see him so ill, and begged to apologise. He with the greatest propriety might call me "Johnny Newcome," yet it ill became me to call him "Shirty." The name was casually suggested by his profusion of frill, &c. &c. &c.

"I'll tell you what, Mr Johnny," said Capsicum, "it's well for you I'm so bad as I am: wish I was better, for your sake. Wouldn't I pitch into you at once, and give you a precious good hiding? Oh dear! oh me! I am so very bad!" Then, rallying again: "Ah, I wish you did belong to my department! Wouldn't I detach you on outpost duty? Wouldn't I make you ride till you had no leather left? Wouldn't I send you bullock-hunting over the sierras? Oh, dreadful! dreadful! What a horrid sensation thissea-sickness is! Well, good night. I suppose I shall be called Shirty as long as I live." He tottled off to his berth.

"Yes, you may say that," said Joey, from behind his curtain. Joey was right. Ten years after, I heard an old Peninsular speak of Capsicum by the name of Shirty.

There is certainly something very adhesive in a sobriquet; that is, if it happens to stick when first applied. A lubberly big boy once gave me a thrashing at school; and I gave him the only redress in my power, as we were not allowed to throw stones—the name of "Buttons." He had cheated me at the game; and he had many on his jacket. "Buttons" was his name, to his dying day.

Gingham and I remained at the table. "Mr Capsicum is quite right," said Gingham. "Very proper it should be so. Not the less sorry on that account. At Lisbon, you will, in fact, have joined. From the time we land, then, our communications must be limited to the ordinary civilities of social life: until," he added, with a confidential look, "having digested my grand financial project, with Lisbon as the basis of my operations, I am prepared to promulgate it, as authorised, at the headquarters of the British army. Then," said he, proudly, "I shall take such an entirely different footing, so high above the vulgar imputations which always attach to a dealer in bills, that, without exposing either you or myself to criticism, I may again permit myself the pleasure of cultivating your acquaintance, on our present terms of friendship—I may say, intimacy. At any rate, while we remain on board the packet, that intimacy, I trust, will experience no diminution. Good night, sir."

We shook hands: his manner, I thought, a little stiff.

Left alone in the cabin, leaning on the table, the night-lamp shedding a dim and dubious light, my small modicum of brandy-and-water expended, and the time gone by for brewing another, as the steward had turned in, I sat and ruminated. Gingham, watching his opportunity, had benevolently endeavoured to make me sensible, that, as a clerk on actual service, I should soon be engaged in duties which could not be performed to my own credit, without care and circumspection; and that I might find myself, ere long, in some responsible situation, demanding the utmost caution and energy, to compensate my inexperience. Since the morning, for we had been much together during the day, through his friendly suggestions, I had, in a measure, become conscious of all this: I was beginning to feel the value of such a monitor; and now, it appeared, he was lost to me in that character! Then there were other considerations of a deeper kind. I remembered the dinner at the hotel; I remembered the breakfast; I thought of the travelling store-closet. To have lost such a companion of my first campaign—it was, indeed, a loss! Had I never dined with him, I could have better borne it!

At length I came to this conclusion; that, as all the other passengers had retired to rest, I—had better do the same. I was about to put my decision in execution, when my attention was arrested by a lamentable cry, which issued from the berth of poor Mr Commissary Capsicum. "I can't—I can't—I'm stuck!—weak as a rat! Oh, I am so very bad! Here, steward! steward!—ah! oh!" Having heard his monody to the end, and waited in vain for a second stave, I flew to his assistance.

Poor Mr Commissary Capsicum had contrived to divest himself of his diurnal habiliments; and was now embellished with a redbonnet de nuit; and an elegant night-shirt, which fitted—as if it had been made for him. I found him—in what an attitude! One leg he had contrived to hoist into his berth.Quoadthat leg, he was kneeling on the mattress. The other leg was stretched towards the floor, which he barely touched with his extended and agonised toe. In this painful position, he was clawing with both hands at the board intended to keep him in bed, equally unable to advance and to recede. Something—either the wooden tester—or the proximity of his shake-down to the deck above—or what else, I cannot pretend to say—prevented his further movements. He wantedstrength; there he was, literally, as he expressed it, stuck. I expressed the deepest sympathy.

Joey whipped on his drawers and dressing-gown, and was with us in a twinkling. Joey, seeing all other expedients vain, brought his shoulder to bear, and commenced a series of well-directedhoists, each hoist accompanied with a musical "Yeo-heave-ho." I laughed; Joey laughed; poor Capsicum himself caught the infection: his whining and whimpering gradually glided into a deep pectoral chuckle. The object was at length effected. Capsicum was stowed for the night; but not without vigorous and long-continued efforts, both on Joey's part and mine. "Can't imagine what caused the obstruction," said I; "it's prodigious; it's incredible." "Incredible, but true," replied Joey; "suppose we call it 'A tail founded on facts.'" "Good night. Good night, Mr Capsicum." "Good night, Mr Capsicum; good night." "Good night; ah! oh! whatshallI do? Suppose I should be taken bad again before morning! Thank you both. Goodnight. Two impudent, unfeeling young hounds. Good night."

So terminated our first day afloat.

It has been intelligently remarked, that, in writing travels by land or by sea, the traveller has only to jot down everything just as it occurs, and he will be sure to produce a book worth reading. This rule may be excellent in theory; but, gentle reader, it will not do. Only look here. I have not jotted down one tithe of the incidents of the first ten hours since we left harbour; and see what a long yarn it makes. A man who, in travelling, really registered everything, would yarn away at the rate of a quarto a week.

Thereis, however, an observation which is much more to the purpose; namely, that one day at sea is very like another. This we certainly found out, in our voyage from Falmouth to Lisbon. For, with the exception of changes in wind and weather, little occurred to vary our daily existence; at least till we got off Oporto, and took in fresh passengers. During the first night after we left Falmouth, the wind got round to the S.W. We had three days of it, regular Channel weather: thick, cloudy, squally—much rain—the ship pitching, labouring, creaking, straining, groaning—going every way but the way we wanted to go—all the passengers, except Joey, more or less indisposed—and nobody pleased but the skipper, who whistled a perpetual "Yankee doodle" rondo, and seemed to exult in our miseries. "I calculate," said Joey, "if this lasts much longer, we shall come to anchor in the Downs." For want of anything to relate, and for the benefit of the reader, should he cross "the Bay," I shall here beg leave to say a few words respecting that horrid malady to which landsmen are subject on board ship, and respecting my own mode of dealing with it.Experto crede.

My case resembles that of many other persons;i.e., in foul weather on board ship, you do not, we will say, at once get thoroughly ill; but certain disagreeable sensations, quite sufficient to call a man's attention to himself, such as giddiness, prostration of strength, awful depression of the whole system, and still more awful sensations at the pit of the stomach, induce the painful consciousness that you are very, very far from well, and in some danger of being worse before you are better. In this state of the case, the "indication," as the doctors say, is to keep off daddy Neptune's last outrage, the detested crisis. Don't give ear to the good-natured friend who says, "You had better be ill at once, and get it over." That may do very well in a sail from West Cowes to Allum Bay; but it won't answer if you are a fortnight at sea. You may be "ill at once," if you please; but don't be certain "you'll get it over;" if once you begin, you may go on for a week. Keep well, then, if you can.

Now, as long as you can keep yourlegs, and keep on deck, you can generally effect this. In your berth, also, in a recumbent posture, you may manage to escape the dire catastrophe. The real difficulty is this: that, in passing from one of these states to the other,e.g., in turning in at night, or turning out in the morning, in all human probability you become a miserable victim. You must dress—you must undress—and, in the course of doffing or donning, ten to one your worst apprehensions become a reality. What, then, is the remedy? Now, don't stare, but be advised. Till you are fairly seasoned, which you probably will be in three or four days if you do as I tell you, don't doff or don at all. Keep on deck all day, get thoroughly cold, tired, and drowsy, rush below at night, throw yourself on your mattress as you are, go to sleep at once. In the morning, the moment you turn out, rush on deck. No shaving; no titivating. You must wash, must you? Go forwards, then; wash in the open air; wash anywhere but below. "Beastly, though, to go day after day without a change." Beastly, I admit; but not so beastly as day after day of convulsive paroxysms and horrid heavings; and, depend upon it, if once you begin, there is no telling how long it may last. Whereas follow my plan, and in three or four days you are all right—you are seasoned—the ship may dance a polka, and you not the worse for it. You may then go below, and stay below, with perfect impunity—treat yourself to a grand universal scrub and a clean shirt—and, if you are a shaver, shave—only remember you are shaving on board ship, and mind you don't cut off your nose. After all, it's a matter of taste, I admit: and tastes are various. If you consider a three-days' shirt, and a rough chin, greater evils than vomitory agonies, and spasms of the diaphragm, why, do as you like; shave, titivate, change, your linen, and retch your heart up.

During the three days of foul weather, wind S.W., I contrived to keep about, by following the method indicated above. On the fourth, the wind returned to the N.W., with an occasional brash of rain; and we were again able to hold our course. I was then myself again, past the power of sea-sickness; and could walk the deck with Joey, cast accounts with Gingham, sit out the dinner without declining soup, respectfully ogle the lovely Juno, and occasionally extort a giggle. On the morning of this same day, impelled by curiosity, I approached the berth where lay deposited the unhappy Capsicum, and drew his curtain. Ah! is that Capsicum? Alas, how changed! He looked like death. I spoke to him. His lips moved, but his voice was inaudible. I felt his pulse. It was scarcely perceptible. He was in a state of collapse!

Deeming the exigency cogent, I fetched Mr Staff-surgeon Pledget. Pledget, after due examination, pronounced it a serious case, prescribed a restorative, departed to compound, and soon came back with it—only about half a pint. With some difficulty, poor Capsicum was got up in his berth, and the restorative was got down. Anticipating recalcitration, Pledget had come provided with a smallhorn. Having swallowed the dose, Capsicum found his voice. "Ah me!" he feebly whined, with a look of inexpressible horror and disgust, and his hand pressed upon the pit of his stomach; "ah me! is it an aperient?" Then, in a low and indignant growl, "Never took physic before, in all my life." He lay back on his bolster, with closed eyes, in feeble and sulky silence. Pledget withdrew, and I remained.

Presently, reopening his eyes, he cautiously looked around. "Is that fellow gone?" he whispered. I nodded. "Look in the cabin," he whispered again.

"Gone on deck," said I; "not quite right yet, himself. Do you want him? Shall I call him back?"

"No, no; nonsense! I say, you mix me a glass ofthat—you know what—the same you took yourself t'other night."

I hesitated. There was no doubt in the world it would do him a deal of good. But then he was under treatment; he wasmedicallyill. What was I to do?

He looked at me appealingly, coaxingly, touchingly. "I'd do as much for you," said he.

There was no standing that. I clancularly gave my orders to the steward. The steward grinned, and brought the materials. In due time the mixture was made; and, in a very short time after, the patient had stowed it away. "I shall get up," said he. "Just help me out." I sent the steward to request the aid of Joey.

By unshipping the board at the side, we got Capsicum out of his crib, far more easily than we had got him in. But, alas, his legs doubled under him; he was helpless as an infant, and almost fainted away. At length we managed to dress him; and seated him in full fig at the cabin table, with his enormous snuff-box open before him. At dinner, that day, he managed the wing of a chicken and a slice of tongue. Couldn't a currant dumpling, though—was set against it by the wine sauce. Pledget had the credit of the cure.

I omit to relate,in extenso, how we were chased by what we took for an American sloop of war, but what proved to be an English frigate; how the arm-chest was got upon deck when we expected to be brought to action; and how the muskets were found, like poor Capsicum, stuck—rusted together into a mass, for want of looking after; how badly the said frigate threw her shot, sending the first, which ought to have gone ahead of us, slap through our topsail, and the second, which should have been a more direct communication, half a quarter of a mile wide; how the Major and Captain Gabion saw the said shot as they were coming, while I saw nothing but the splash in the water; how our leisure hours were solaced by two combative drakes, shut up together in the same coop, which fought incessantly, day and night, from the beginning to the end of the voyage—if you held a lantern to them in the dark, they were still fighting; how, when one hen laid an egg, the others pecked at it, and gobbled it up; how the skipper was rude to everybody on board—to the Major, it appeared, grossly so. These particulars, with many others, I defer to my quarto edition.

Yet let me not omit the skipper's confidence to Joey; howhethought passengers should be victualled on board ship. "Fust, good flabby pea-soup, as thick as batter—plenty on it—let 'em blow out their jeckits with that. When it's took away, why, then perpose a glass of bottled porter all round. Fust dinner aboard; won't it make some on 'em bolt?"

Perhaps, my dear madam, the best way of giving you a general idea of our voyage, will be to present you with a description of our mode of life from day to day. The rule with our military friends was, to take fun out of everything; and they proved themselves perfect adepts in all the means and methods, thereto available; hoaxing, quizzing, shaving, imitating, trotting, cajoling, bamboozling. Pledget could not make it out—wondered what it all meant; and one day gravely asked me, if I could explain the nature and cause of laughter. Laughter he viewed as a psychological problem; we had plenty on board; but he could not solve it. The best thing was, that Pledget himself caught the infection at last, and began to laugh. It was curious to watch the first stirrings of nascent humour in Pledget's mind. Towards the close of the voyage he had actually, though by slow degrees, concocted a joke; and, had our passage been to the West Indies, and not to Lisbon, he would perhaps have got so far as to try it on. The victim of the said joke was to be Capsicum. Capsicum's birth at Macao, and breeding at Canton, had transpired through Joey. Pledget's primary idea was, that Capsicum might possibly have a penchant for a dish of stewed puppies. This bold, ingenious, and comical conception, as he fed on it from hour to hour, and from day to day, in about three days' time began to grow in his mind; and, as it grew, it ramified. From one thing to another, at length it came to this: that, with my co-operation, Joey's, and the steward's, Capsicum was to be persuaded that a batch of puppies had actually been littered on board. Capsicum, kept momentarily cognisant of the progress of Pledget's plot, by the treachery of those to whom it was confided, was prepared to humour the joke, whenever Pledget commenced operations. Pledget, big with his own idea, walked the deck for hourstogether, rubbing his hands in an ecstasy, and laughing till he whimpered. When Joey or I took a turn, he was soon by our side, screeching in a rapidly ascending gamut, with pungent delight, and much cachinnation, "Puppies! puppies! Oh, sir, won't they be nice? Poor old Capsicum!—puppies! puppies!"

The day before we made the coast of Spain, I was fairly "trotted." You must know, I fancied in those days I could sing. Item, my dear father had brought home, from the Peninsula, some very pretty Portuguese airs, of the kind called modinhas—which modinhas I had at my fingers' ends. Now, there are two very distinct ideas, which young people are apt to confound. If they happen to know a pleasing song, they fancy themselves pleasing singers: often quite the reverse; the finer the song, the fouler the butchery. I wish singing was visible, and not audible; for then we could keep it out by shutting our eyes. Well, this is how it was: leaning, as I was wont, over the ship's side, my face to the horizon, my back to the company, I won't pretend to say that I exactly sang for their benefit: oh no; I sang, as I had right to do, for my own amusement; though I certainly did sing loud enough to be heard, without being listened to. Presently by my side leaned Captain Gabion. I ceased. He hummed a mellifluous song of Lusitania.

"Pity the Lisbon music-sellers don't print their music," said he; "Write it all. Quite a fuss, sometimes, to get a song you fancy."

"That explains something I never understood before," said I. "All the songs I have received from Portugal are in manuscript. Pray, what is a modinha, strictly speaking?"

"Why, a modinha," replied he, "in common parlance, means any song that you happen to like. Modinha: a little mode; a little fashion; any little fashionable song. But the grand, regular music of the Portuguese—oh! that's magnificent—their church music for instance. You must know, once a-year, in one of the Lisbon churches, they sing a grand mass for the souls of deceased musicians. Of course, on such an occasion, all the living forces of the musical world are put in requisition. The last time I was at Lisbon, I attended—advise you, as a musical man, to do the same. Oh! wasn't that a grand harmonious crash? Extraordinary fellows, some of those singing monks and friars! Fancy one whole side of an immense church, from the floor to the roof, a grand bank of chorus-singers, as high as Shakspeare's Cliff; each bellowing like a bull; yet each with a voice as finely modulated as the richest violoncello, touched by a master's hand. Then there was one fellow, a bass, who stood up to sing a solo. Never heard anything like that. He struck off, deep down in his throat—yes, sir; and deeper down in the scale, too, than I ever heard any man go before—with a grand magnificent double shake, like—like—like the flutter of an eagle. Then down—down—down the villain dropped, four notes lower, and gave such another. I advised him to go to England. His name was Naldi. But let me see—oh—we were talking about modinhas. Why, sir, the fact is this—if you want to hear what I call the vernacular basis of the modinha, you must go up among the hills, a few leagues out of Lisbon."

"I suppose," said I, "my best plan will be to go by the mail."

"Yes," replied he; "any one in Lisbon will show you the booking office: unless, by the bye, you prefer palanquin, in which case I would advise you to order relays of black bearers from Jigitononha; or, you might do it on two donkeys. Well, sir; when you're up there in the mountains, among the goats, wolves, wild buffaloes and rhododendrons, the altitude about corresponding to latitude 66° N. in Europe, and to—let me see—latitude—say latitude 50° in the United States—of course you'll feel hungry. Step into the first hotel. But I'd advise you—don't order three courses; you'll find it come expensive; better rough it with something light—say a beef-steak and a bottle of port. That buffalo beef, capital. Port—let me see—are you particular in your port? Better ask for the Algarve sort. Well, sir; after you have dined, just step out into the village—walk into the first wine-shop. You'll probably find half-a-dozen peasants there—big,muscular, broad-chested, good-humoured-looking fellows—goatherds and all that kind of thing. Look out for the chap with the guitar—you'll be sure to find him in the wine-shop; order a quart tumbler of wine—just taste it yourself—then hand it to him—and tell him to play. The moment he has tossed off the tipple, he begins tinkling. The other six fellows stand up; throw back their shoulders; bulge out their chests; and begin smirking, winking their little black eyes, snapping their fingers, and screwing their backs in such an extraordinary manner as you never beheld—all in cadence to the guitar. That's the first access of the musical œstrum. The guitar goes on—strum—strum—strum—a low monotonous jingle, just two or three chords. That's the accompaniment to the singing that's about to begin. At length, one of the fellows commences—air and words both extempore; perhaps something amatory,Minha Maria, minha querida; or, it may be, something satirical, if they see anything quizzable—something about yourself. While that first fellow is singing, the chap next him stands, still winking, screwing, smirking, snapping his fingers; and begins, as soon as the other has done. So it goes on, till all the half-dozen have had their turn. But the curious thing is this: though all the songs are different, different in thetema, different in the style, different in the compass of voice, different in the pitch, different in the words, the same accompaniment does duty for all: the chap with the guitar goes on, just tinkling the same chords, till the whole is finished. Then, if you want itda capo, give him another tumbler of wine. If you've had enough, why, then, you know, you can just fork out a moidore or two, tell them to divide it, and take your leave,—that is, if you don't want to see the fight for the money: but that's not worth your while; mere rough and tumble, with a little knifing. Only mind; don't give dollars or patacas. They prefer gold."

I really thought I was now trotting Captain Gabion, who was a musical amateur. Villain! he was operating to clap the saddle on me, in a way I little suspected. "Then," said I, "each of these fellows, I suppose, has sung a modinha."

"Why, no; not exactly that, neither," said the Captain. "I'll tell you. Curious sort of music it is, though; the national music, in fact. When you see one of those big athletic fellows expanding his chest, sucking his breath, his whole pulmonary region heaving, labouring with the song he is going to sing, why, of course you'd expect him to break out like a clap of thunder. But, instead of that, forth comes from his big throat a very mouse-like issue of those mountain throes; an attenuated stream, not altogether unmusical though, of growling, grunting, squeaking cadences—for the compass of their voices is perfectly astonishing—a string of wild and rapid trills, very short notes, very long notes, mostly slurred, neverstaccato; and, if you should happen to notice, similar, in its intervals, to the music of Scotland. With your musical knowledge, of course you understand what I mean by intervals. Well, sir; that sort of mountain music is what I call the national basis of the Portuguese modinha. Take one of those wild airs, arrange it scientifically, with suitable symphonies, accompaniment, and all that sort of thing—no difficulty toyou—the modinha is then complete."

This was by no means a bad theory of the modinha of those days; an Italian graft upon the native stock; a scientific modification of the music of the peasantry; so wild, so expressive, so sweet, so thrilling, never have I heard songs to compare with those old modinhas. Once, at a party in the house of a Lisbon lady, we persuaded her married daughter to sing; a round, fat, rosy-brunette little dump of a woman, famous for singing modinhas. She kindly took her guitar, spat in her handkerchief, and gave us them in such style as I have never but once heard since—and then the fair vocalist was not a Portuguese. What rich expression, what rises and falls, what rapid execution, what accurate intonation, what power, what tenderness, what point, in that soft, flexible, delicate, yet rich, full, brilliant, and highly-cultivated voice! Alas, the modinha of that day is rapidly passing into oblivion. It has yielded in Lisbonsociety to a new style of songs, still called modinhas, the words generally native, as they used to be; but the music,modernItalian—utterly destitute of sentiment; a constant straining at effect, and a constant failure.

"I understand," said I, "that in every part of the Peninsula you meet with a kind of songs that may be called local."

"Yes," said the Captain; "all, if I may so say, provincial; all peculiar; all highly characteristic; and all excellent. Even the occasional songs are good as compositions; that is to say, songs which refer to politics, passing events, and so forth. Did you ever hear this?" He gaveYa vienen los Ingleses.

"Very pleasing, and very lively," said I. "This is in the same style." I began to strike upQuando el Pepe José.

"Don't let's have any more Spanish," said the Captain. "Sing something Portuguese." I gaveOs soldados do comercio.

"Quite humorous," said he, "but very pleasing music. This is the Portuguese national song." He gaveEis, Principe excelso.

"Some of the satirical songs," said I, "are very well set." I gaveEstas senhoras da moda. The Captain, I observed, looked at his watch. Little dreamt I the traitor was working against time.

"This, now," said he, "is what may be called the sentimental style; short, but expressive, like the serious epigram of the Greek Anthology." He gaveTu me chamas tua vida.

"The finest I have heard, though," said I, "in that style, is the Spanish song—"

"No, no," said the Captain; "give us something Portuguese; something by an old Padre. They are the fellows that knock off the best modinhas." I gaveFui me confessar.

The conclusion of this my third song was followed by loud shouts of laughter, a general clapping of hands, and cries of "Encore! encore! bravo! viva! encore! encore!" I turned, and stood the centre of a semicircle! Around me were ranged the delighted, applauding passengers; the Colonel, the Major, Capsicum, Pledget, Gingham, Mr Belvidere, Joey, and, oh! leaning on Joey's arm, the lovely Juno; the whole Party, at my expense, in the highest possible state of hilarity. The skipper in the background, leaning on the binnacle, stood surveying the whole transaction with his face set in a sarcastic scowl, as though it had first been cast in plaster of Paris, and then painted with red ochre. Kitty's bonnet appeared on the level of the deck, projecting from the cabin stairs. Near her, profuse in soft attentions, stood the Colonel's flunkey, lavishing winks and winning simpers. Immediately above me, in the shrouds, with his face downwards, like a monkey in a tree, hung Snowball the nigger; his two eyes, full of wonder and delight, gloating like a basilisk's, and projecting like a skinned rabbit's; his mouth extended across his face in so broad a grin, you'd have thought his throat had been cut from ear to ear. The applause having a little subsided, each in turn paid me a compliment. Juno, the enchanting saucy witch, dropped me a demure and very low curtsy, begged to thank me, and precipitately put her handkerchief to her face. Gingham advised me to cultivate my voice; begged to assure me I had very good taste, and only wanted modulation, flexibility, accuracy, and execution, with a little attention to time and tune, and care to avoid passing into the wrong key—nay, had no doubt, if I took pains, I should some day acquire anear. Just when I was annoyed past bearing, Pledget, tittering with ecstasy, whispered at my elbow, "Capital joke! the Captain did it admirably. Almost as good as puppies!—puppies!—puppies!"

"Your compliment last, sir," said I, "comes in the proper place. Allow me to designate it as it deserves—the ass's kick."

Pledget turned a little pale, and drew up; said something that seemed to stick in his throat, about "lions roaring, and asses braying."

We were on the edge of a regular tiff. The general garrulity dropped into a dead silence, and the whole party looked concerned. The Colonel at once interposed, and insisted on our shaking hands. This operation was performed accordingly, as in suchcases provided, with immense cordiality on both sides.

"Captain Gabion, I'll trouble you for a dollar," said the Major.

"No, no; I'll troubleyoufor a dollar," replied the Captain.

"How do you make that out?" said the Major. "You've lost; that's evident."

"What do you mean by lost?" said Captain Gabion. "Didn't I make Mr Y— sing three songs within the given time? Hadn't I two minutes over, when he finished the last? Weren't they all three Portuguese? I took good care of that. Wasn't that our bet?"


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