5 JANUARY 1878, page 8

The Decay Of The Monarchical Principle. N Othing Is More...

in the history of the past year than the evidence it affords of the decay of the Monarchical principle in Europe. That the principle of Legiti- macy, of a divine right to govern......

Mr. Cowen On The Depression Of Trade.

M R. COWEN has turned the annual dinner of a Com- mercial Travellers' Association to useful account, by stating his theory of the causes of the present distress. It has been......