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Updated: July 21, 2025
In the great panic of 1837, Mr. Shaw, singly, saved the country from ruin and disaster. At the time when the panic was at its height, and the tension was as great as the country could bear, it became known to a few that one of the great financial houses in Liverpool was in extremities. They had accepted on American account to enormous amounts, and no remittances were forthcoming.
Mr. Cranstoun about this time received a Bill of £60 from Scotland, payable in London, which Mr. R went privately to London with, and got the Money for: which was all the Remittances Cranstoun ever had to the Time of his Death, from Great Britain. Mr.
Banks, without question, if rightly managed are, or may be, of great advantage, especially to a trading people, as the English are; and, among many others, this is one particular case in which that benefit appears: that they bring down the interest of money, and take from the goldsmiths, scriveners, and others, who have command of running cash, their most delicious trade of making advantage of the necessities of the merchant in extravagant discounts and premiums for advance of money, when either large customs or foreign remittances call for disbursements beyond his common ability; for by the easiness of terms on which the merchant may have money, he is encouraged to venture further in trade than otherwise he would do.
It is a fact too, known to all who know them, that when they settle in England as labourers, they almost invariably share their earnings with their relations at home. The remittances from London alone to Ireland amount to many thousands yearly.
In one way and another he was picking up a good deal of money; and, with the help of Clarissa's remittances, had contrived to arrange some of those awkward affairs in Paris.
Moreover, people who cannot complete their remittances for necessaries, have no right to be nice in their choice of luxuries. I am confident that I am within the mark, when I say, that 50,000l. sterling per annum are paid to Americans and others who import snuff and tobacco!
England takes from Ireland woollen yarn, linen yarn, great quantities of wool in the fleece, and some tallow. They have an extraordinary trade for their hides, tallow; beef, butter, &c., to Holland, Flanders, France, Portugal, and Spain, which enables them to make large remittances.
It lay in unopened official envelopes, piled one upon another, quarterly remittances, horrible as blood of slaughter in her sight. Count Serabiglione made a point of counting the packets always within the first five minutes of a visit to his daughter.
Of the things taken in exchange, silver, in coin and bullion, was not the least important, since it was essential for the "remittances to England for goods imported into the provinces," remittances which during the last eighteen months, it was said, "had been made in specie to the amount of 150,000 pounds besides 90,000 pounds in Treasurer's bills for the reimbursement money."
He explained his father required this, or else would stop his remittances. I had to humor him, although I thought it most strange. Is that all you wish to know?" "All now, yes. I must have time to think, and plan what is best for us to do. I can already see my duty sufficiently clear, but not how to go at it. The fact is, Mrs. Henley "
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