Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1847-01-02
FOREIGN OPINIONS.

The London Times of the Sd instant contains
the annexed remarks the state of affairs in this
country. 1t must be confessed that the closing
sentences of the article possess much force:
1t is only few months since the United States had
very serious quarres 10 hand The with Great B
tain, the other with Mexco the subject Of the Ore
gon of the other Texas other respects there strong
family likeness between the two matters. certain peculiar
notion Of right divine to all that republican cousins
lay their hands upon concet Of their irresistible power and
vision OF unlimited progress, equally characterized their
ASPIRATIONS whether the northwestern the south
western frontier The sovereign people had only
Texas and Oregon President, and their nominee
both for the possibilities and the mo.aies Of the
schemes 1t be his fault if both these promises
not to be realized forthwith in the substantial and agreeable
shape of undsputed acquisition Of territory All that he had
do these delicate commissions cheapy
expedousy, and, if possible deceny if not, any how.
Il appeared to be generally assumed that it easy
push the British into the Pacific the Mexcans the
Rio Grande any misgvng disturbed these golden dreams
OF annexations, just question whether quite
wise to attempt both Happily for the States, their
President appreciated this difficulty, and perhaps, few other
considerations very obvious to the popular understanding
He also fortunate in the he had to deal
with at the British than at the Mexican Court The result
is that the question of Oregon unraveed by negotiation
that Of Texas cut with the sword.
1t may already be asked and answered with confidence,
what is the judgment of history upon these several
By the test of results which Of them has answered the best
The quarrel of Oregon is forgotten. No pride has been
wounded citizen nconvenienced Of expen
dure opened The bonds of commercial peace and union
have been drawn closer At this moment British money and
manufactures pouring the heart and the deepest
of that vast Republic, while its produce oupoued in
return to supply the terrible gap made harvest by the
dspensaton Of Heaven, and sustain the aborious gons
employed in domestic undertakings So great is the inn
peus have impaired to the prosperity of the States that
there is actually prospect that the blot of reputation
will at least in instances be efaced The two nations,
which became two under such amenab circumstances and
which have experienced and must be added done much
perpeate the original feud, looking another
hama
factors Such the results of negotiation.
Now look the sword tried for the settlement of the
other quarrel It is true that Texas annexed to the Union
There something the name something in the addition of
star something in the removal of eyesoe from
the map This is all that you have to set to the credit of the
Union. Per contra, you have indefinite number of new
schemes each ruinous than the other, opened
democratic ambition; half dozen armies marching in differ
ent directions precpate advances that takes months to
support bloody battles without result desultory attempts
without and, what because significant
and rremediabe than ALL treasury almost without
On every side there danger and expense without the pros
pec of any equivalent advantage Were the question
settled and the balance fairly struck the speculation would be
found runous it is discreditabe
Here is Gen. Taylor at the latest date still at Monterey,
requiring support Possessing good hostage, in the shape
Of rich city and fertile neghborhood, be finds very
commodating foe-perhaps too accommodating They will
supply him with provisions and mules for his progress That
wonderful when it is take him from Monterey and
send him to most arduous journey mountains and
deserts about three hundred miles, to San Luis Poosi.
army from Satilo. There is therefore, every facility allow
ed for the starting Of the republican army but its route will
be through country prepared for its reception Habitatons
burnt provisions carried tanks of water destroyed will
add to its natural serty and ruggedness. More money,
troops, boodshed, may the difficulty,
bot it is an attempt in which all is risk and nothing gained
The fleet meanwhile has done nothing but maintain useless
blockade and compromise the flag Of the States whenever
as twice at Alvarado, attempt has been made.
And what is TO of it Grant hundred victories
grant continental breadth OF annexation What would
twenty stars wested from the ancient domnons of Spain
procure for the Government of w ashington Still only
trouble and expense 1t would take least century
spread that eayen which constitutes the real union Of the
State. Texas well eavened before its formal adoption.
The pear ripe. Nothing but negotiation wanting.
The sword cut short that brief but necessary delay Bot
Mexico and the vast regions that yield it nominal submits
sion have not been eavened. would remain for ages
subject, discorant, hostile, expensive tributary Such
all that the sword has done in the settlement Of this QUARREL
and such all that, with the utmost success is likely do
communication in the Times (says the New
York Courier) refers to the project of inducing the
holders of Michigan, bonds to become purchasers
of the railroad by paying for it in bonds at the rate
of forty per cent, and wishes TO know why so low
an offer IS made He refers also to the pretext now
set up that Michigan never received the full value
of the bonds, and asks how then they got into cir
cuation at ALL In reply, the writer of the money
article says that the history of the transaction
" constitutes one of the most prominent instances
OF American dishonesty. lie tnen goes on 10 say
that in 1893 the State created bonds TO the amount
of S5,200,O00, and appointed the Morris Canal
Company TO sell them at par at least. After dis
posing of over SI,200000 on these terms, the rest
were sold to the United States Bank and Morris
Canal Company at par, TO be paid by instalments
of S250,000 every three months, with interest at
six per cent. After paying several of these install
ments the bank failed in ls41 and the Morris Canal
Company in 1910, leaving $2,2S5,630 unpaid.
Upon this Michigan resolved to repudiate, and in
ls43 passed an act denying her liability for all
cept the first issue, except TO the amount she had
received, and claimed to deduct twenty-five per
cent. from that as damages for not having received
the remainder-thus reducing the entire amount to
S955962. The English holders of these bonds
bought them of the bank and canal company, and
the act OF Michigan is said to stand forth "direct
and unequivocal example Of fraud" The railroads
may be offered low, but the writer in the Times
expresses the hope that, as a general rule
The European creditors of the repudating American
Governments will have mness refuse any short of
the payment OF their entire principal Not only is Michigan
in oushing condition, but Indiana and Illinois, well
the other deautng States, enjoying prosperity
which, under the ree-trade OF this country, must
increase to almost ilmable extent With increasing
wealth the desire for something ike decent standing in the
civilized world is likely TO grow up, WHILE the other hand
the motive TO dishonest acquisition will in corresponding
degree be cssened The question, therefore, only Of