Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1847-08-12
,ORD PALMERSTON'S SPEECH

We have not had an opportunity until 10 day 10 III
srt the remarks made in the House OF tohi'7,hy Lord
Palmerston the Secretary 0 Foreign Affairs, on me
subject Of the debt, due i,m iorei9n counlies 10 BRUSH
subjects and the degree Of obligation resting upon The
British government to enforce their payment we are
,nabed by waiting a week to glveihe most eN'ehded
eno Of his Lordships speech which has reached Ills
country.
lord pamerston is hot headed, fire eating minister
,yose element is trouble and WHO'S particularly fond oil
clan Trap fea,s Of craftsmanship. The BRUSH nation
Essentially comne rcia looks upon the failure to meet
the interest ON a bond, to pay an obligation when due
rs comprt hendng all the deadly shs other mos "bli
ouili, s. are viewed with charity but want OF punctuay
in money matters is offence too arccaus 10 admit
Of palliaon. We say nothing Of formal repudla
ton The mass Of the British people have not yet fairly
cmpehended the possibility of such an enomliy-prac-
Used by another people They aware that their own
Fxchequer closed at time, and that at another,
the Bank suspended specie payments for quarter OF a
century during which lis lrrcdeemable paper was de
clared to be legal tender, But these were their own
acts of Reputation and render them by no means more
tolerant the rascalily Of others Now we incline to
1hink Lord Palmerson, in his recent speech, aimed 10
proptiae the favor Of the moneyed interest OF the country,
by assuming threatening attitude towards nations de-
lnqnent Change. Parliament is in the article OF death
"A new election is at hand, the result Of which is
highly doubful-and his Lordship, probably, esteems
it bold stroke for the maintenance OF his party ascen-
dency to identify lis i'm the coming struggle, with
the par value of certain foreign securities, not held at
present in particular repute With this IN view, he
threatens thrash certain deautng governments into
lveler sense of pecunary Obligation and to debts
due to her Majesys subjects hy the summary pro-
id ala ,,Il, 10
and 50 much disposed have said to consider pune
uay and good faith in money matters, whether in in
dvduas governments, the highest Of virtues prove
a successful trick aud majority for the Wings
in the next House.
We observe good deal Of diversity of opinion ex-
pressed as to whether Lord Palmerson had reference
the delinquent members of conederacy, wheth
cr his remarks were intended only for Spain, Mexico
and the South American Republics. Waving the de
cison If this pout we think ref citing de
ny that declarations, which received in British
House Of Commons with rapturous cheers, entirely
unnecessary, conceived in the worst possible style
OF bullying nsoece and must 50 far as we are concern
ed be productive Of other effect than 10 excite bit
Ter feeling of resentment against England. The duty
and policy of statesmen, both sides of the water to
promote good understanding and strengthen the many
"es Mhcn blnd together Inc TWO countries had, we
supposed, been universally conceded. The settlement
OF the Oregon question removed the only Of misun-
derstandlng and had reason to anticipate yearly
strengthening of friendly relations between the rival, yet
Kindred, naUns 1t u boast of friends of peace.
on both Sides that there remained unad usted misun
outstanding between England and the United States,
"'ch could result in war. But incompetent, design
ing, or lmpeuous statesmen readily compromise ma
"os and plunge them into wars, the most unexpected
a"d unnecessary. Our present condition is one lustrs
"oo Of the truth of this. We pray Heaven, the folly of
i'ofd falmerston may not furnish another.
ne remarks Of his Lordship grauitousy insulting
" 'ns country lie very well knows that the Federal
government Of the Cnun with which only has he any
''g 10 DO has ever been faithful its money engage
'"'"e-lhat the United Slates within the first fifty
''s" Their existence paid of debt of more than two
'' 'h'iiions, contracted in their for indepen-
1'"'e and Their subsequent hoslities with England
"a' 'hey present the only instance of nation thus
1o"'elhg It's obligations and ex,ricating itself from
; lie also well knows--t would be libel on his
se"ee 10 suppose oherwse-tal the Federal Go
Is no more bound for the obligations Of the States
r,;a y IS Tor those ofSpan Mexico and Peru, The o
"oscribers to the loans negotiated for the several
were not deceived In many cases the stock Was
n !" our cities by the agents Of foreign capitalists
'S' nave knownand whose duty 1t 10 lcarr