{"newspaper_name": "The New York herald.", "edition": "01", "page": "p1", "byline": ""}
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satisfactory issue 10 the contest or Tor the mainte
nance of that position upon which the future success
Of the istic school depended The belt of the Cham
pon of England was to be the reward of the con-
queror and TO whomsoever fortune assigned it, un-
less It was obtained by the display of manly courage
and fair play, il would afford no permanent advan-
tage. The toast was then responded to with nine
times nine and "one cheer more" There was
good deal OF talk about betting, and we did hear OF
EGO to t40 laid on Caunt, but it apparent that
his friends were disncllned to Law more than even
bets, or gulneas 10 pounds There were few
vaunting offers TO take El00 to ElO that Bendigo
won without scratch in half an hour, but there
was more "chati" than 'grain" in these specula-
tlons.


After the principal business of the evening had
been settled, attention was called to the fact that
O;had been deposited behalf of the Upton
SlaSfier to take up the conqueror" Caunt Ben
digo, and to contend for the belt but as person
appeared as his representative to make further de-
post, forfeit declared and Spring having Ia
ken up the El0 he had put down, the remaining El0
Chat was put down on the Slashers account,) will
be added to the stakes Tor the match in progress,
that the winner will net f2l0 over and above his
own stake. We have since received letter, in
which the Slasher SAYS he has been very ill for
long time, or he would be glad to have had shy for
the championship


Caunt continues to train at Hatfield Woodside;
Hertfordshire, under the eyes OF his uncle Ben
Butler and Turnsr and Bendigo still soiournsst
Crosby Liverpool as light and as lissome as an
antelope and full OF confidence.


Condition of England.


From London Chronicle, Sept


1t is an extremely wholesome practice for nations,
as well as individuals, now and then TO deliberate
upon the actual position in which they stand with
regard to the responsibilities by which they are sur
rounded, and which are day by day growing up
around them-to ascertain how far their means
equal TO their engagements, and to determine whe
ther adequate precautions are being used to ensure
their fulfilment. We readily enough perceive the
necessity OF the Chancellor of the Exchequer annu
ally presenting to Parliament account OF the in
and tl,
mate of the mode by which he expects to meet the
liabilities of the next. We easily understand the
prudence of merchants and others periodically,
the phrase is, taking stock" OF their affairs and
balancing their accounts, " for the twofold purpose
OF knowing the precise result OF the past, and dec
ding upon the for the future. These are du-
ties, moreover, the performance of which, inde-
pendenty OF the immediate objects in view, pre-
sents opportunities peculiarly fitting for calm re-
view OF those principles which have guided our po-
hey hitherto, and which are to be relied upon here
after. But necessary these duties may be--ne-
cessary as it unquestionably s,tha should clear
ly see, from year to year, how public faith be
maintained, and public engagements met-yet we
think il will be admitted, that as long governments
impose upon themselves the responsibility OF regu-
latlng the supply OF food, as long as they will
persist in determining when, and how, and at what
price, people shall be permitted TO obtain the
first necessarles OF liie no graver import
ant duty could occupy such government, or a
nation circumstanced, than that of carefully de-
llberatlng upon the events of the past, and esti-
mating the prospects OF the future, TO ascertain how
far these selfmposed obligations OF providing for
nation are guaranteed by existing circumstances.
For our OwR part, we cannot for moment hesitate
to say, that it would be wiser that government
should adopt such responsibility these resric
tons and regulations necessarily imply, or that it
would not be by tar the safer course to leave cOun
try at full liberty to provide Tor It's wants In the way
best suited TO its means, freely exercised under
all circumstances. as they arise yet, as long as we
persist In assuming the functions of paternal and
regulating government, it is equaylgrave duty to
form clear estimate OF the supply of food to the in
creaslng millions OF our populatlon 1t is to pro-
vide for the due ulflment Of any other national OBJ
legation II we tie up peoples hands-prevent a free
exercise OF their own judgment, and ask them to
depend upon precautionary regulations of the Legs-


ature-the least the people can expect is, that the
Legislature will be responsible for rendering exist


ing circumstances such that those regulations can
be relied upon. The natural enquiry is-whether or
not such is the case and this inquiry is not only
natural and necessary but the time Is peculiarly it
ting for it.


The principle of our corn-law clearly assumes, as
fact TO be relied upon, that at all times there
abundant stocks of corn which we can fall back,
when our own crops fail This assumption is unde
niaby necessary adjunct to the sliding scale. We
avowedly and purposely prevent any regular intro
ducon of foreign corn. Nevertheless, our own
harvests such that at least every five years
we require large supplies. For years together we
are best with cycle of abundant harvests, but the
sliding scale assumes that, come bad harvest when
II may, foreign growers are waiting with their
stocks in the granery ready tor u.s. Is this assump-
ton, on which hangs so heavy stake, true Does
past experience or do the present circumstances OF
the world, as far as they are known, warrant
lance on this assumption AS to past experience,
the last twelve years, the events OF which still
familiar to ALL furnish sufficient test. From 1893
TO 1887 we had cycle OF abundant harvests, and an
entire absence of foreign importation. What was
the effect of deficient and late harvest in 1888
sudden rise In price, within short period, from
httytwo shlllngs to seventyhree shillmgs the quar-
ter, and as large an Importation could be obtained
at thatand higher prices But was the importation
adequate to wants The best answer is that for
more than year the price Of wheat varied from
veny to eighty shillngs the quarter and that, with
but slight fluctuations, 1t skept at those high rates
tor three years. The arrangement anc suffering
that occurred in consequence, to all the best into
rests OF the country, are scarcely yet effaced But
II we found SO inadequate provision for the accl-
dent of the sliding scale 1888, there grounds
tor any greater reliance on its operation now, or
when it may next be called into requisiton! We
are in the fourth year Of abundance, and for three
years we have practically prescribed the trade IN
wheat No one will deny that If the late fine wealth
er has gwen more assurance OF the present crop be-
ing sufficient for consumption, yet that up to
very recent period there have been for the
greatest aatm and if, fortunately, our harvest is
still good. that we have narrowly escaped the great
est danger, and to which we must be exposed more
or less with every recurring season.


Annually exposed, then, TO such hazard, what new
guarantee, If any, have in the circumstances OF
those countries to which we must look tor supplies
In case OF need? What is there TO induce to
repose any more confidence in the provision
assumed by the sliding-scale as always available,
than at any former periodl The most natural
corn-growing country in connection with ourselves
is the United States Of America it possesses soil
rich as it is boundless; people, whether immi-
grants or natives, naturally prone to extending,
clearing, and cutvatng their measureless tracts OF
country-fond of agriculture, not alone as means
OF subsistence, but as source of commerce; and
with habits and tastes calculated to require every
thing that this country produces in abundance.
But what do we find the state of that country Its
population is Increasing at the rate of more than
population, there is every evidence that within the
last three years its agricultural productions
have been absolutely diminishing in place OF, what
might from all the circumstances Of the country have
been expected, more than relatively increasing.
The report OF the Commissioners of Patents shows
the production OF wheat in 1884, notwithstanding
the favorable season. TO have been five millions OF