Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1849-09-27
Cnuse and Effect.

The correspondents of newspapers, dating trom
Europe ascrbe the failure of the late attempt 10 over
throw monarchies, and inconsistent causes
One ascribes The whole failure to the fundhoders, or
rather the lnan obbers" another TO the priests, an
other to the sociasts another the red republicans
fifth TO France, sixth 10 England. seventh to the
United S,nies With the exception Ufthe last, we be-
leve that all had share in the work, though
probably the two first had the most. The "loan-lOb-
bers" are an important class in Europe and viii con-
nue to rule il long nations in debt; and they
will continue in debt so long as they maintain stand
ing armies. Every monarchy in Europe is IN debt,
far beyond Its means of payment. Every one OF them
has rePudiaed in mode, and no: one of them has
ever done what the United States have done, paid IFS
debts. So long these nations tolerate monarchies,
they must maintain armies; these armies cannot be
maintained without loans, and loan- obbers will lend
so long interest be paid. The loan-jobbers
alone are few. house. in London, another IN
Paris another in Vienna. another in Peiersbug G, or
Hamburg or Frankfort, constitute the majority of
these props 10 monarchcs; and lending TO govern
ments Is the source Of their immense wealth, they
directly interested in maintaining the system.
But while the jobbers are few, the fundhoders are
numerous; for the great houses merely the CON-
mlssoners through whom thousands aud tens of thou
sands lend to governments The great banker nego-
tiated the loan, the holder of small sums, seeking IN
yesiment, buys his hundreds thousands at P emf
I'm, which is part of the bankers profit. Thus is al
most every woman in Europe who has money
Of interest, directly interested in sustaining govern
fnens that daily the substance Of the toIling
millions.
The instruments of these great loan Obbers are ma
tional banks. They control these banks, and those
banks control the governments. Thus the French
government is at the mercy of the Bank of Paris. TIA
of England at the mercy of the Bank Of England anC
on.
The system cannot endure forever, for the govern
will ho infpr nd will
then be unable to borrow and then will come VIC
lent revolution, passing through anarchy, blood an'
reputation, to reconstruction of society. The rem
edy is bad as well as the disease.
Can peaceful remedy be foundi If governments
will disdrn, and thus reduce their expenses, they will
not only reduce their loars, but augment their reve
nues; for general disarmng will restore TO product
i've industry the multitudes muinained In idle
ness, to enforce submission TO taxation But If the
dsarm, abandon mutual aggression and mutually guar
untee peace, the masses, left leisure to examin
their own condition, will demand reformations, an
reformatons. seriously begun. will end In republican
ism. Well ITO this conclusion must it come a
last" and therefore Kings and privileged orders hav
the alternative of yielding slowly through peace,
striking 10 keep all with the certainty of losing all b
violence. Which is best! Repubcanism must come
and through blood, or through peace, prosperity an
progress. Wise kings will decide wisely, aud III
fools will be compelled to follow their example. Bu
what must republicans do TO accomplish this! The
must dismiss all thought of force, make universe
peace their fundamental rule, their first step, sprea
light fast they persevere and be patient
thing at time, and make 1t the lever for galnin
something more. They were in hurry, tried fore
and failed Let them wait, try reason. and they wi
succe d.-Pa. Ledger.