The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1846-03-04
Correspondence efce National In,cIlineno-r.

New iosk, February %.
There il evidently change in public
opinion in the last fnriy-cight hours in re-
la,ion 10 our foreign affairs. What was
deemed at the frsi view highly pacific,
does not, On a critical. examination, pre-
sent IN ASPECT 80 cheering ~ was hoped
by tie fricuds Of peace. In the speeches
Of Sir Robert Peel aud Mr.. Hume nothing
is to he lound but courteous language and
manly irmncss. There is no trucking;
no vulgar ganconade: no surFeudering the
point OF honor: nor do believe there will
be any such surrender. BE assured that
our hest informed merchants begin 10 Eel
the insecurity Of their present situation, so
far as il is tn be effected by the operations
at the government.
The gcn;lcmanlv tone in which the
Oregon question is referred 70 in the Brit
lsh Parliament, when compared with The
discussion Of The sahiect in our Congress,
cannot fail to cxcic. IN every rghi-mind-
ed american. the most mortiiying emo
tons. The nniSy brawlcrs are a disgrace
10 the gorcInmcnt and the country. | re-
peat. VIVA; ! have several times said, il the
administration adhere IN the position they
have assumed, L. the whole Of OycgUn,")
then war is inevitable, and much sooner
than we anticipate.
| have suggested. in more than one Of
my letters, the difficulty the government
would experience in procuring money. |
now say, confidently, they could not OBJ
tain IL to rarry on war for the whole
Of Oregon" Such war rs the Polk men
IN Congress wish and are struggling To
bring about. And for what do they wish
this war; Is there any so blind rs no Ia
see through the gossamer veil in which
they attempt 70 cnvelop themselves.
II is admitted hy every body capable Of
understanding the subject. that we will re-
qrlrc a; lcas; friy five millions Of dollars
The first wear Of the war. beyond the little
revenue We shall collect from imposts.
And where is it 10 come from, The West
or the Southwest! Comparatively, not
ono dollar. The West will reply, VIC drd
no' 60 t" war 10 s"ppIy You with money.
0Mr Object was To supply your armies
with bread and beef, and 10 drain your
s@ahoard of its specie to'pav for those sup
plies. BY these means we will cause yonr
banks to suspend specie payments, and
we will have none of their rags. Well,
how is this money to be raised. By loan'
Il cannot be done. Then, replies some
inflated politician, we will issue Treasury
notes. What amount can you circulate.
Say I'm millions Of dollars. Yoa arc still
more than thirty millions shor: far the first
year, and nothing remains hut bank rags
MT tc'!'cmablc in specie.
i.ot the government say tn the people
there IL no prospect. n present, of an am
ira'lr settlement Of the Oregon question.
We deem in prudent to prepare for the
worst, and with that view we ask loan
Of fifteen or twenty millions of dollars.
This will test public opinion. repeat,
this loan cannot he obtained but at an int
mense sacrifice Of government stock.
have my doubts whether il eau be obtain
ed at less than twelve or fifteen per cent.
loss: that is, cighly-livc dollars in bank
rags for one hundred dollars United States
six per cent stock. What Il commence.