The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-04
American s.osks in England.

To THE EpIroR OF Tue rIMls:-
SiI--rhe goyelnnle NJ OF the United states hay-
ing entered upon course AZ coercion tor the pay
III, nj OF the clam il has maze upon Portugal, |
would ask il n would not br vel, before u actu-
ally pfoceeds, 10 consider ~ honesty = not the
best policy, and II puoc "pinion OF r5at and
wiong is 10 BE entirely trUi T. ua,leg ,Go. .
We have en- what has betn done by The Va
rous States of The Union, rnG with wh.i aiderl,y
they furnished their qpoti Of nien Hni money 10
invade and desGoy the county ot Mt&cO, 10 eh~
force The pay meDI or a nr'si ifing sum IA CON
pHrlson With The millions aud inllhon5 winch thty
themselves owe, and Jrc sr' Alag every possible
excuse and chcap-ry 10 postpone and repu1iate'
II coe Icen must be ustd, those awaiting them
selves o! Il do 30 with Gle al htnIs
i ne proceedings OF tlie VdiOus Indebted or de-
bLqutLt States caanoE be nalnrd by aly words Ia
III honest Vocabulary, and he II would Do 100 loas
10 enter upon hem, eh4,i rniy now take up ole,
which ia alphabetical Oldcr Aiil be Arkansas.
i he iEds BITE dners Of this state may be summed
Up ia lew words
The government has i.sDed bonds for aAou, ST.
tC0CCo, Tor the benefit OF rO corporate Banks, the
elUt kB0ldeIs Of which gave % eurity bonis and
noi,ages; and further, STOCK netes besyins inter
,s. 10 be- paid annually IA amce, gnd pledge t.
pty the interest OF TIT bouus.
These banks. alter hav.og divided the proceeds
Of the bonds among III various sh Ieh0liers
stCIpd pBy mest, with assets, ~ SET f0g.S by gov
efnor Dew, OF nore III sn double she amount OF
responsibilities.
Thg hQuidation was put isto the ha.i,ls Of five
hCice has heeu taken Of the Interest due TO the
bohohOldeTs, nor are they acquainted with any
poc..oIp
II cannot be supposed III during eight year.
none Of The aeseis nave btrn realized, or thai no
interest the stock hOrs has been received; and
here IL the gTtstapd sariag uIds.i ace.
The eondnUldor- have n5ning 10 do wi.h the
toveney 0i The banks; That - he cOnc1rr OF the
State hlch issued lie boGd-, making ITS Own
agreement with The ID. he, and it- duty - vigor-
ousy 10 enforce The bonds and mvfi1 ages aa stocA
notes, aud pay over the piUcrtds IN Satisfaction OF
the accommodating iLi,res on The bonds iszied by
and under the guaranty ~ The state.
IL cannot be said inst The federal government
have power To interfere; me isht exists IN the
fsme rstio re- with Mexico aud Portugal, isasnlth
ss Arkansas is lndt bteo Tor the amount at thu
Smith, oman legecy beqir,tird % government,
a, inv. ST. d IN Inc hoods at this State, and upon
which 10 ini.Ies, his beru paid since iSi2 Be
s' e., the interference at ihV federal government
Con be vel, jueIihrd; ior, IN the star spsng led
banner every Stale l. r-pT--sntrd by star; there
fore, in tina, flag, which ,r 10 he uniuElcd III the
TsgUs, the representation ut iae VARIOUS dishonest
Siatrs must appear, ard u IL Impossible mat tbs
UnIisd States can claim The proud disti1c' ion oil
honesty whilst, under The projection OF ttis very
fl g. sullivd by the black stains OF tfSui. the de-
hnquent Siaics are shielded their iDiqUiy, form
ing Part OF The great whole.
How can America ask other nations 20 ray her,
when she ID indebted 10 hall .lle world
Wei may Sydney Smiths words be spelled h.
the Inhabitants Of these states seeking 10 deffasd
their credi:ors-'' Men who rref.r any load OF ia-
fanny, however great, TO any pressure o. 'asauoa'
however light"
Ii cannot but be justly admitted tina: the inter
ference Of the federal government is inpsriousiy
called upon, in SO Tar as we ser, an ookiDy over th
Inst VI Shareholders the OF the leGdag me N
hers OF the gcvefnUe including the late Governor
Yell and The late Mr. Ambrose Sewer, DC. Fr0si
The circumstance Of the trustees Who are appointed
being aIso shareholders, il cannot be expected any
progress will be made 10 ths liquidscE; they will
NOT attempt to coerce themselves, bat sravely 81,
down in receipt of their salaries.
Such a transaction as thus IN private lisc, asd
without the liccnse Of Ovfrnment, would be justly
looked Bpoa a ohspiracy 10 swiDdle s3t obiaii,
money under islre pretences. A BospgoLpxR