The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-01
eon.ider cracow as the Mecca Of ,heir nationalty.

We cannot refrain from aclnainuhg our feahsis,
whilst speaking of unhappy CTacow. OF another
fire which broke out in unfortunate Poland on the
same day Dish Of July), destroying another OF her
monuments Not far distant from Cracow, bat al
the called kingdom OF Poland, blessed with Mus
cove sway, the castle of Pieskowa Skala (the
Dogs Rock also became prey 70 the lanes
IL was founded in 1882 by one of the hrst Polish
dukes Cpon looking at this castle the idea would
cross your mind that il must have really been
erected by supernatural power, so mys.eriously
did ii-staEdng upon an elevated rOck-2eep out
from amongst otherigh rocks covered Wi dark
forests; and before its brazen gates stood A rock
having the form of Hercules club (much thicker
at the top than al it, basel, looking like formida
bic petrifed giant. sentinel, which could be seen
from sfar, as though watching with protecting
eye the rover and riches Of his masters
Tie Nicarsgusn Canal, and The Rcpudlsting
states of America.
From the Lond Chronicle Sept. ID
II may be regarded almost certain that very
lille, If any, OF the capital Of this country will be
embarked IN the construction OF the great Nicara-
qua canal, between the Atlantic aud Pacific
oceans, under the auspices of the New York
company TO whom the contract for that under
taking has been conceded; and this circumstance
Is well calculated 10 revive Inquiries, and TO
suggest reflections, which are of no insignificant
moment. Why is it that the first commercial
country IN the world is virtually debarred from
its fair share in the profits and credit of enter
prfe, towards The promotion OF which II has so
materially contributed? Why are the merchants
and capitalists of Great Britain TO be cut of from
all participation in the design and construction of
gigantic work, which British commerce will, in
all probability, do the most TO encourage and sus-
tain! What is the nature OF the impediment
which f0rhids a prudent Englishman from en-.
barking bis property in noble and legitimate UNI
dertaking Of this character, in conjunction with
the citizens OF the American Union ! The answer
10 this question is unfortunately very simple and
conclusive and II is dictated by events too recent
and notorious TO be overlooked. The capitalists
of England are scared away from such enterprises
kal C.,,L 81
cen feel TO confidence that refudiatioa or dis
honesty, in some Of its forms, will not suddenly
obude itself ~ to transactions OF this nature; and
that they will not be deprived, by The most reck-
less and reprehensible means, OF The returns 10
which they ire Justly entitled. The history of
our financial dealings with the States of South and
Central America may well suggest and justify
such apprehensions. But if the risks of European
subscribers, backed by American coadjutors, were
strictly confined to those arising from the dubious
integrity of the native governments, the danger
would be by no means SO formidable. A perfect
identity Of interests between the European and
the American contributors, supported by the au-
thoriiy OF their respective overnments, might be
fdrly presumed to afford no mean security against
the casualties of Spanish American finance. The
evil lies far deeper than this. The fiscal history
of several of the States of the American Union
itself, during the last Ten years, has surrounded
almost every financial question connected with that
pe1t OF the world with an atmosphere of suspicion
ard uncertainty, which ID exceedingly prejudicial
TO the interests OF the Anglo Saxon race on both
sides Of the Atlantic. We gladly admit that, out
of the seven States Of the Union which had dis
graced themselves by declarations, more or less
decisive, OF the doctrine of repudiation six have
entered into bona tide and specific arrangements
for the redemption, sooner or later, OF their credit
and their good name. Pennsylvania, Maryland,
Michigan, Indiana, Illinois, and Louisiana, have
become, positively or contingently honest; and
Mississippi is the only community which still per-
ssis in retaining the badge OF its degradation
But the circumstances connected with the refusal
e IL. A.ls IL. .I.l
so many iaeraht features, and they strike so di-
rectly at the root Of all commercial intercourse
and confidence, that, SO long the conspicuous
and peculiar dishonesty Of Mississippi receives the
tsc countenance OF the other States of the Union,
by biting permitted 10 enjoy perfect equality with
them, the people Of this country will continue. In
seltdeience, 10 regard with great dislike and sus-
pcion every financial project which attempts TO
associate them as partners in any American enter
prise. We have not the smallest doubt that, II the
Mississippi Sebt had been settled as justly and
promptly az those Of Michigan, Indiana, or Mary
land, the formation Of the Nicaragua Company at
the present time would not have been left to the
unaided exsItions OF the New York capitalists /;
nor would that clause In their charter which
invites subscriptions from the citizens of every
country in the world have been rendered, as Il
has been. perfectly imperative appeal. We
have good grounds, Therefore, for regarding the
conduct OF Mississippi as something more than
a meie violation OF ordinary mercantile Justice
between man and man-as something more than a
mere revival OF the reebooting spirit Of the Border
or the Rhine. We are entitled 10 consider il as an
offence against international well as municipal
laws, and as one OF the gravest impedimenfs 10
that reciprocal aid and confidence upon the diffu-
sion OF which We can alone rely for the efIectual
prevention OF wars, and for the sure progress of
civilization. Not the ieast extraordinary and dis.
graceful circumstances connected with the debt Of
Mississippi, are the comparatively insignificant
amount of the claim against her, and her own
great and increasing resources. In no sense or
degree does the refusal Of Mississippi TO redeem her
tnEdQsmf hc
DEBT IN question does not exceed live millions Of
dollars-say one million sterlinR-advanced in the
year 1883, for the capital Of the Union Bank, and
frying an interest Of five per cent, or exactly
C5O,0C0 per annum. For the sum, therefore, of
GJO,oC0 year, the people OF Mississippi have appa-
Tenty become convinced that II is worth while to
sacnhce The character OF their Siaie-to exclude
themselves, in great measure, from intercourse
with the respectable part Of their species-and TO
maintain a perpetual and deepening stigma upon
the cause OF liberty and Of popular Institutions. II
the country were poor-if It's soil were sterile, its
extent insigniiican, its people diminishing, and ,s
resources pared down 10 the quick-therc might be
some Talliation for coaduct 80 openly ut variance
with evefy maxim OF honesty and prudence. But
inc udsd in the State Of Mississippi enjoys pre-
ennsnce even among the most favored Of the
communities which recognise the federal govern
meni OF washington: IL takes It's name from the
great nver which drains into the Mexican gulf the
suIeIiluous waters Il the whole middle region Of
The North American continent; and for two hun
dred and sixiy.iive miles along the lower and
the richest line Of that nyer, Mississippi oc-
cupies lis western bank. IL is daily enriched,
without any excriion Of its own for every
circumstance and every accident which con-
tributes to swell the population who dwell on the
higher branches Of the Mississippi. the Missouri,
and the Ohio rivcrs, increases the traffic on the
lower waters q that mighty confluence Of strea rs
The State of Mississippi the Holland Of the CEN
trial regions Of North America. She is placed on
the deita of the chief lines Of water communica-
ton, through which alone the larger part of the
external commerce Of those regions can find a
passage, and by which the greater portion Of their
imported commodities must be conveyed. The
Dutch have become rich and illustrious, notwith-
standing that their country is little more than
sand bank, and mere speck on the map Of Eu-
rope. But Mississippi occupies a surface equal 10
the whole Of England and Wales. In point 81
fact che Is one Of The largest States Of the Union;