to establish himself in the calico business at Manchester, in the firm "Richard Cobden & Co." The "Cobden prints " became celebrated, the business flourished, and Mr. Cobden, at the time when he began his political career, was receiving, as his share of the income, about forty-five thousand dollars per annum. It was probably about the year 1830, when England was feeling the first ground-swells of the great Reform agitation, that Mr. Cobden felt called to give himself entirely to his country's service. He resolved, however, to study for some years with reference to public questions. In 1834-5 he made a tour through many countries, including Egypt, Greece, and Turkey, Canada and the United States. On his return he wrote several pamphlets, in the name of "A Manchester Manufacturer," which excited attention, and one (“England, Ireland, and America") a lively controversy. About this time appeared his first contribution to the Eastern question in a little work entitled "Russia." In all these his fundamental ideas - Retrenchment, Non - Intervention, Free Trade were set forth in a very spirited and eloquent way. It is now very evident that Mr. Cobden was the product and utterance of his country at that time; and though he was held to be an economical visionary, never was visionary in conservative England blessed with seeing his visions so soon harden into facts. But he was not so absorbed in national politics, and in his proposed "Smithian Society," in which the "Wealth of Nations" was to be discussed, as to forget the more circumscribed duties of a citizen of Manchester. Manchester was not yet a city with municipal representation, when he wrote a pamphlet entitled "Incorporate your Borough," which did as much as anything else to raise it to that dignity; and Manchester showed its gratitude by electing him to be alderman in the first town-council.

It is hard for us at this date to realize the condition of England when that horrible Sirocco, as Robert Browning called it, the tax on corn, was blighting

the land. The suicidal policy which had prevailed since the Peace of 1815 had brought the country to the verge of ruin; and when, in 1838, those reformers of Manchester repaired to that first meeting of the Anti-Corn - Law League, it was through crowds of pale, haggard, starving men, each with his starving family at home, muttering treason, and prepared for violence at any touch. The banner of Chartism was already lifted It was then that these resolute men, with Cobden at their head, met and vowed sacredly that their League should never be disbanded until those laws had been repealed. The devotion with which Richard Cobden fought that good fight may be illustrated by the story that once his little daughter said to her mother concerning her father," Mother, who is that gentleman that comes here sometimes?" With a similar devotion to humanity did this tenderest of parents inspire his companions; and it is not in the nature of things that such labors so put forth shall fail. One by one the haughty aristocrats yielded; and when at last Cobden had conquered the conqueror of Napoleon, the battle was won. The "Times" pooh-poohed the movement, until one day the news came that a few gentlemen of Manchester had subscribed between forty and fifty thousand pounds for repeal, when it suddenly discovered that "the Anti-Corn-Law movement was a great fact." When, in 1841, the new Whig Ministry, with Sir Robert Peel at their head, came in, elected as Protectionists, gaunt Famine took its stand by the Royal Mace, like a Banquo. Sir Robert driving along Fleet Street might see those whom this new, unwelcome commoner represented grimly gazing by hundreds at the new cartoon of "Punch," - that of the Premier turning his back on a starving man with half-naked wife and child, and buttoning up his coat with the words, "I'm very sorry, my good man, but I can do nothing for you, nothing!" But though Peel was the Premier apparent, Cobden was the Premier actual. And means were found of softening Sir Robert's

heart, these, namely: it was intimated to him one morning, that, if a division of the House should go against the Ministry, the Queen would feel compelled to call upon Richard Cobden, manufacturer, to make a cabinet for her. So the Ministry yielded, and the League reached its triumph in 1846. It is due to the memory of Peel to say that he joined with the triumphant nation to yield every laurel to the brow to which it belonged, and uttered the memorable prediction that Cobden's name would be forever venerated and loved, whenever the poor man ate his daily bread, sweeter because no longer leavened with a bitter sense of unwise and unjust taxation."

In the year 1839 Mr. Cobden had heard John Bright speak with great power at a meeting in Rochdale. A little later, when Bright had just lost his wife at Leamington, Cobden visited him there. He found him in great grief. "Think," said Cobden, "think in your sorrow, of the thousands of men, women, and children, who are this moment starving under the infamous laws which it is your task and mine to help remove. Come with me, and we will never rest until we have abolished the Corn Laws." Then and there were those hands clasped in a sacred cause which were never to be unclasped but by death.

Mr. Cobden took his seat in Parliament in 1841, representing Stockport. He had not only before the triumph of 1846 sacrificed his time and impaired his health, but also given up his fortune to the cause, and was a poor man. By a great spontaneous subscription the nation reimbursed his actual losses, and amongst other things built the house at Midhurst, where he resided on the spot that his father had occupied. Immediately after the repeal Mr. Cobden started on a Continental tour; and in every city he was met with a triumphal reception, so deeply had his great work in England affected the interests of all Europe. During his absence he was elected to represent the great constituency of the West Riding in Yorkshire, which he accepted.

It was perhaps in those furious days which preceded the Crimean War that the noble personal qualities with which Mr. Cobden was endowed shone out most clearly. When all England, from the thunder of the "Times" to the quiet Muse of Tennyson, was enlisted for war, Cobden took his stand, and refused to bow to the tempest. In a moment the nation seemed to forget the services of years, and Cobden, denounced as a "Peace-at-any-price man," lost the ear of the country, as did Bright and others in those days of political anarchy. To the ability and independence with which Cobden and Bright withstood the popular current then, Mr. Kinglake, the opponent of both, has done justice. It was, in fact, not true that Cobden was a "Peace-at-any-price man." Though he maintained earnestly the principle of non-intervention, it was because he thought that England in its present hands could not be trusted to intervene always in the right interest; and never was there a more pointed confirmation of his suspicion than the event of a war which gave the victory won by the blood of the people over to the French Emperor, that he might with it bind back every nation that in Southern Europe was near to its redemption. The strongest chains binding Circassia, Poland, Hungary, and Venetia, were forged in the fires of the Crimean War. This popular wave reached its height and broke, as such waves will, and the people much ashamed returned to their true leaders. So when, immediately after the end of the Crimean War, the disgraceful bombardment of Canton occurred, Cobden was still there in Parliament ready to risk all again. His resolution condemning the action of Sir John Bowring (who, by the way, was Cobden's personal friend) was passed in the House by a vote of 263 to 247. Palmerston appealed to the selfishness of the country on the subject of Chinese trade, and was sustained. These were the days when Gladstone and Disraeli lay down together. Cobden, Bright, Gibson, Cardwell, Layard, Fox, Miall, and others, all lost their seats. To this interval we are

indebted that John Bright recovered strength in a foreign land, and that we received in the United States the second visit of Cobden. Whilst they were absent, the reaction set in: Bright was elected by Birmingham, Cobden by Rochdale. Nay, so strong was the feeling in Cobden's case, that Palmerston found it to his purpose to invite him into the Cabinet; and when, returning from America, Cobden sailed up the Mersey, he was met by a deputation from Liverpool who informed him of his appointment among the new Ministry. He at once declined the appointment, for reasons which have not hitherto been given to the public. Since his death a personal friend of his has written, that, on this occasion," he told Lord Palmerston, in answer to remonstrances against his decision to decline the honor, that he had always regarded his Lordship as one of the most dangerous ministers England could possibly have, and that his views had not undergone the slightest change. He felt that it would be doing violence to his own sense of duty, and injuring his own character for consistency in the eyes of his countrymen, to profess to act with a minister to whom he had all along been opposed on public grounds."

Mr. Cobden's next great service was in bringing about the treaty of free commerce with France, a service which has endeared him to the French beyond all English statesmen, and which brought him from the Queen the offer of a Baronetcy, which he declined, as he also did in January last Mr. Gladstone's offer of the chairmanship of the Board of Audit, at a salary of two thousand pounds. Well might Gladstone say of him, as he did,-"Rare is the privilege of any man who, having fourteen years ago rendered to his country one signal and splendid service, now again, within the same brief span of life, decorated neither by rank nor title, bearing no mark to distinguish him from the people whom he loves, has been permitted to perform a great and memorable service to his sovereign and to his country."

By the death of Mr. Cobden America has lost one of her truest friends, one

who in all this conflict, which has been reflected in England in a fierce warfare of parties, has been in the thick of the fight, "the white plume of Navarre." Nothing told more for the American cause in Europe than the celebrated speech of Cobden, made at the time when the busy Southerners were trying to show that the war was not for Slavery, but Free Trade, in which he declared that he had found the Southerners, and Jefferson Davis himself, whom he had visited, utterly indifferent to the Free Trade movement. He was accustomed to speak of American affairs as an American. I well remember his vehement expressions of feeling concerning the McClellan campaign in Virginia,—in connection with which he told me that he was at one time travelling with Jefferson Davis and McClellan together, and that Davis whispered to him, that, in case of a war, "That man [McClellan] is one of the first we should put into service." I thought Mr. Cobden inclined to attribute McClellan's failures to something worse than incapacity.. But this is only one instance of the way in which he followed our war-steps, and was interested in the subordinate questions which are usually interesting only to Americans. It is with a melancholy pleasure that we now know that his last public utterance was the letter on American affairs to our minister at Copenhagen, which reached England in the American papers the day before his death, — and that one of his last acts was to send from his death-bed a contribution to a poor and paralyzed American sailor who with his family was suffering in London, without any personal appeal having been made to him. These were the last pulses of a heart that beat only for humanity.

Mr. Cobden was one of the finest speakers I have ever heard. There was a play as of summer lightning about his eloquence, which, whilst it did not strike and crash opponents, was purifying the atmosphere of the debate, and lighting up every detail of fact, so that error could not flourish in his presence,

nor even well hide itself. There was a terseness and massiveness in his speech, curiously blended with subtilty and fervor. A question of finance would grow pathetic under his touch, and he could create a soul under the

ribs of statistics. He might vie with Lowell's ideal Jonathan for "calculating fanaticism” and “cast-iron enthusiasm." But, after all, what more need be said than the epitaph proposed for his grave: "He gave the people bread"?

A

T the commencement of the Rebellion it was the general opinion of statesmen and financiers in other countries, and the opinion of many among ourselves, that our resources were inadequate to a long continuance of the war, and that it must soon terminate under pecuniary exhaustion, if from no other cause. Our experience has shown that this view was fallacious. After having sustained for several years the largest army known to modern times, our available resources seem to be unimpaired. The country is, indeed, largely in debt; but its powers of production are so great that it can undoubtedly meet all future demands as easily as it has met those of the past.

The ability or inability of a nation engaged in war to sustain heavy public expenses is to be measured not so much by its nominal debt as by the relation which the sum of its production bears to that of its necessary consumption. A nation heavily in debt may continue to make large public expenditures and still prosper and increase in wealth, if its powers of production are correspondingly large also.. It is a fact of the most encouraging kind, that the power of production exhibited by the United States far exceeds, in proportion to their population, that of any other nation heretofore involved in a long and costly war. The case which most nearly approaches ours, in this regard, is that of England, during her war with Napoleon, from 1803 to 1815. But since the termination of that long con

*

test, the progress of discovery, improvements in the machinery and in the processes of manufacture, more effective implements of agriculture, the general introduction of railways, and other time- and labor-saving agencies, together with the constantly increasing influence of the applied sciences, have so augmented the productive power of humanity, that the experience of the most advanced nations fifty years ago furnishes no adequate criterion of what the United States can do now.

It is not easy to determine the precise ratio in which production has been increased by these instrumentalities. It is unquestionably very large,- not less, probably, than threefold. That is to say, a given population, including all ages and conditions, can produce the articles necessary for its subsistence, such as food, clothing, and shelter, to an extent three times as great, with these agencies, as it could produce without them. Hence it appears, that, if the people of the loyal States could return to the standard of living that prevailed

* Some estimate of the influence of railways alone may be formed by reference to the following statement, which occurs in an address of Robert Stephenson before the Institution of Civil Engineers, in 1856:

"The result, then, is, that, upon the existing traffic of the United Kingdom of Great Britain, railways are affecting a direct saving to the people of not less than forty million pounds per annum; and that sum exceeds by about fifty per cent the entire interest of our national debt. It may be said, therefore, that the railway system neutralizes to the people the bad

effects of the debt with which the state is incumbered. It places us in as good position as if the debt did not exist."

indebted that John Bright recovered strength in a foreign land, and that we received in the United States the second visit of Cobden. Whilst they were absent, the reaction set in: Bright was elected by Birmingham, Cobden by Rochdale. Nay, so strong was the feeling in Cobden's case, that Palmerston found it to his purpose to invite him into the Cabinet; and when, returning from America, Cobden sailed up the Mersey, he was met by a deputation from Liverpool who informed him of his appointment among the new Ministry. He at once declined the appointment, for reasons which have not hitherto been given to the public. Since his death a personal friend of his has written, that, on this occasion," he told Lord Palmerston, in answer to remonstrances against his decision to decline the honor, that he had always regarded his Lordship as one of the most dangerous ministers England could possibly have, and that his views had not undergone the slightest change. He felt that it would be doing violence to his own sense of duty, and injuring his own character for consistency in the eyes of his countrymen, to profess to act with a minister to whom he had all along been opposed on public grounds."

Mr. Cobden's next great service was in bringing about the treaty of free commerce with France, a service which has endeared him to the French beyond all English statesmen, and which brought him from the Queen the offer of a Baronetcy, which he declined, as he also did in January last Mr. Gladstone's offer of the chairmanship of the Board of Audit, at a salary of two thousand pounds. Well might Gladstone say of him, as he did," Rare is the privilege of any man who, having fourteen years ago rendered to his country one signal and splendid service, now again, within the same brief span of life, decorated neither by rank nor title, bearing no mark to distinguish him from the people whom he loves, has been permitted to perform a great and memorable service to his sovereign and 'to his country."

By the death of Mr. Cobden America has lost one of her truest friends, one

who in all this conflict, which has been reflected in England in a fierce wartare of parties, has been in the thick of the fight, "the white plume of Navarre." Nothing told more for the American cause in Europe than the celebrated speech of Cobden, made at the time when the busy Southerners were trying to show that the war was not for Slavery, but Free Trade, in which be declared that he had found the Southerners, and Jefferson Davis himse whom he had visited, utterly interent to the Free Trade movement. He was accustomed to speak of Amercan affairs as an American. I wel. remember his vehement expressions of feeling concerning the McClellan campaign in Virginia,—in connection with which he told me that he was at ore time travelling with Jefferson Davis and McClellan together, and that Daves whispered to him, that, in case of a war, "That man [ McClellan] is one of the first we should put into service" I thought Mr. Cobden inclined to attri3ute McClellan's failures to someting worse than incapacity. But this is only one instance of the way in which be followed our war-steps, and was interested in the subordinate questions which are usually interesting only to Amer cans. It is with a melancholy pleasure that we now know that his last pu utterance was the letter on American affairs to our minister at Copenhagen, which reached England in the Amoncan papers the day before his death,and that one of his last acts was to send from his death-bed a contribution to a poor and paralyzed American sator who with his family was suffering in London, without any personal appeal having been made to him. These were the last pulses of a heart that beat only fortu manity.

Mr. Cobden was one of the firest speakers I have ever heard. There was a play as of summer lightning alwut his eloquence, which, whilst it did not strike and crash opponents, was part ing the atmosphere of the debate, and lighting up every detail of fact, so that error could not flourish in his present.