{London,] 20 October 1857 

Dear Frederick, 

You must excuse my long silence. In the first place, we’ve had a 
visitor for the past week, to wit Imandt junior (aged 13), who has 
arrived here from Trier en route to his uncle,’ and I have had to 
show the lad round. In the second, much work. 

Now d’abord,” your plan to return to Manchester. You must 
know whether or not your presence is necessary. It certainly won’t 
do your health any good, for the weather over here is ABOMINABLE. 
Allen thinks that you owe it to yourself to spend far more time 
recuperating in a better climate than the Manchester ong, since any 
relapse might be fatal. But it must be supposed that you consult 
your doctor before coming to a decision. 

The American crisis—its outbreak in New York was forecast by 
us in the November 1850 Revue’—is seautiruL and has had 
IMMEDIATE repercussions on French industry, since silk goods are 
now being sold in New York more cheaply than they are produced 
in Lyons. The lamentations of the English monry article writers, who 
complain that, while their English TRADE is sound, their customers 
abroad are UNHEALTHY, are as original as they are diverting. How 
are the Manchester manufacturers getting on? Those in Glasgow 
have, it now transpires, sent off a great deal on consignment. 

What do you think of the English in India? As usual the chaps 
are lucky even in adversity. I now have a pretty detailed list of 
their troop shipments since 18 June, along with the dates on 
which, by the government’s reckoning, they ought to arrive and 
the locus* of arrival. The following is a resumé: 

Day OF ARRIVAL Total Calcutta’ Ceylon Bombay Karachi Madras 
SEPTEMBER 20 214 214 
OCTOBER 2 300 300 
15 1,906 124 1,782 
17 288 288 
20 4,235 3,845 390 
30 2,028 479 1,549 
October 8,757 5,036 3,721 
NOVEMBER 1 3,495 1,234 1,629 632 
5 879 879 
10 2,700 904 340 400 1,056 
12 1,633 1,633 
15 2,610 2,132 478 
19 234 234 
20 1,216 278 938 
24 406 406 
25 1,276 1,276 
30 666 462 204 
NOVEMBER 15,115 6,782 3,593 1,542 1,922 1,276 
DECEMBER 1 354 354 
5 459 201 258 
10 1,758 607 1,151 
14 1,057 1,057 
15 948 647 301 
20 693 185 300 208 
25 624 624 
DECEMBER 5,893 185 607 2,559 2,284 258 
JANUARY I 340 340 
5 220 220 
15 140 140 
20 220 220 
JANUARY 920 340 580 
SEPT.-JAN. 30,899 12,217 7,921 4,431 4,206 2,114 

Day OF Arrival Total Calcutta Ceylon Bombay Karachi Madras 

TROOPS DESPATCHED BY OVERLAND MAIL 

October 2 235 ENGIN- 117 118 
EERS 
12 221) Artill 
erymen 
14 244 ENGIN. 122 122 
; . EERS 
October 700 460 240 
The 30,899 men are composed 
of: 
INFANTRY: 24,739 Of the ARTILLERY, only 100 men 
ARTILLERY: 2,334 arrive at Calcutta in October. 
; The actual ARRIVALS commence 
CAVALRY, pore on 15 November. The first 
cavalry arrives on 10 

November.# 

Now that I’m onto figures, here are a few more particulars 
about Bonaparte’s economy. The runpep pest authentic. The 
rtoaTeD for 1856 and 1857 based on an averace estimate; for the 
other years, the Moniteur. (The French maintain that this FLoatep 
pest is 2,000 mill., which is what it seems to work out at.) 

FUNDED DEBT 

Louis Philippe Bonaparte 
(18 years) (6 years 1852-57) 
Year Mill. frs. Year Mill. frs 
RBS E Ledissrchneten de alain, 162%/o = DECREE OF APRIL 1852.0... 100 
VBSD cecil ae vatsbecctacctes sbestleetaaies 150 MARCH 18538 .........ceeeee 250 
W841 ite crete eeeta edie tats 187!/5 DECEMBER 1854 ..........00 500 
DBAS ccctac ba diasvenuiacinctasdaciauncecuenshs 325 JULY 1855) oi ecceise ses 750 
T8476 th tet tin Bees B73 fo August 1855 (Filiated from EXCESS 
of the SUBSCRIPTION) ......-..0:ceeceee 31/4 

Total 9129 1857 (BANK OF FRANCE COIN) .......... 100 

AVERAGE for 18 years: 50 

Total 1,731,250,000 

AVERAGE for 6 years: 

published in the New-York Daily Tribune, 14 November 1857. 

FLOATING DEBT 
Increases under Bonaparte 

: Mill. frs Mill. frs 
Louis Philippe ABOUT 1000 VB 2c ces sdaskecccaecssteewpteavendseseonstecaees 50 
Republic end of 1851 no more BSc sdssadcicssdebcabens sdbsabadseastanesceusaeee 2621/4 
than 700 BA Saati aut Wiad Baie AR Las 2053/4 
55s esse eblecevsshewtveatdeliaeentcdsst olidesiwiass 1521/4 
Be soachi atesiucudend casdetel Nee eavstteveiess 
sesasdhanVosdeceaees i 
Pr eats rere ean 133515 
Total 3 ssicicnvnced 1,005 and FRACTION 
Increases since the time of the 
Republic .j.iecccsiessecciscssasiess cavestoes 700 
1,705 mill. 

In addition, all municirpaL and peparTmeNnTal treasuries also up to 
their eyes in debt, par ordre de Muphti. 

If one reflects that, at the fellow’s accession, the FUNDED EBT was 
about 4,000 mill. frs—i.e. from the time of the First Republic’s 
Tiers consolidé? onwards—and that in 6 years he increased the 
FUNDED and FLOATING DEBT by aBsout 2,700 millions, there can be no 
contesting that his stay in London was a fruitful one. Moreover, in 
his estimate of the dette flottante such curious tricks are played with 
the Sinking Fund, etc., that the auprrinc is exceedingly equivocal. But 
the fellow is not without a certain gambler’s humour. By his 
reckoning there was no deficit whatever and no FLOATING DEBT in 
1852—the Ist year of the imperial millennium. For he placed 50 
million frs to the account of 1851 (in accordance with the absurd 
French practice, the 1851 budget was rixep in August 1850, but not 
closed until 1854), and debited 1853 with the balance. Unlike Louis 
Philippe, he ushered in his régime with a No Dericrt, but in 1853, 
the very next year, unblushingly presented the biggest FLOATING DEBT 
France had known since 1800. When in 1849 the Finance Minister, 
Passy, proposed that he limit and fund the F.oatinc pest, he 
dismissed him forthwith and appointed Achille Fould. Come to 
that, his financial system is the same as Louis Philippe’s save that it 
is sans géne, is taken to extremes, and sieicuts or HAND are the rule. 

I shall send you what you require for the Cyclopaedia as soon as 

I have a moment to spare. Vour 

K. M.