American telegraph. [volume] (Washington [D.C.]) 1851-1851, 1851-10-21
Progress OF Democracy.

ave observe in one Of the Baltimore papers
an advertisement for German national loan
of two millions of dollars, which has for its OBJ
ject the promotion of the impending German
revolution The advertisers obligate thein
selves to exert all their influence to cause the
capital and interest of the German natlonai ioan
to be acknowledged as a State DEBT aiter 'ne
victory Of the revolution ! and promise that all
the conditions entered into by contracting the
loan shall be faithfully fulfilled.
ave suppose that this loan will be promptly
taken by capitalists who are partial to this kind
of security. There have been two or three such
loans taken here, at somewhat formidable dis
count. The Cuban bond holders paid, it is said,
ten cents on the dollar for their paper, secured
by the mortgage Of province which the mort
gagors did not own. The German revolution
lists offer nothing but personal security, which
is something more modest, but may not be con
sidered more reliable.
"This German proposition may be regarded
as more nearly resembling the Irish subscrip-
ton, perhaps, than the Cuban speculation.
That experiment in donation was hardly so en-
couraglng as to justify a very eager enthusiasm
10 participate In this new arrangement"
The crime of rcpublicanism is growing in
enormity. Concha and Haynau have deemed
it worthy death, and the htelligencer and Re
'blc regard it as so despicnble as to BIC worthy
notb;n. better than the sneer Of derision. Arts,
tocraces. m, marches, and despotisms are enti-
tied to much este EN-; but republicans, whether
unwisely rushing onward to liberty or DEATH
or discreetly preparing the way for united
and success-dcserving effort, can obtain no other
notice than that of scorn and contempt. Ty-
rants sustained by hired bayonets may enter
the money market to obtain loans with which
to reward the hired cut-throats who defend them
against the people; but THE PEOPLE dare not
ask the sympathy and aid of their fellow-men,
lest the politicians Of republic may disdain,
fully contemn them, and scott Mt their wicked
presumption! Russia, Prussia, and Austria,
with their sympathetic republican cousin Of
France, may league together to suppress the
democratic spirit of Europe; and when the
democrats Of Europe would attempt aught for
their own cause-for the welfare of their race,
for the attainment of liberty and equality, for
civil and religious freedom Yaahee presses
denounce their presumption, and would ami
hilate all their hopes for the sake of single
smile or nod of approval from royal or i'm
perial tyrant, or bis emissary at the Court of
Washington"
America obtained loans in the day of her ad-
versity, and gave scrip too; and in pecuniary
point of view that scrip proved of little worth
yet its possessors do not think their investments
were in vain. The results of freedom and pros
perity to millions of human beings afford pro-
ftable rate Of interest, and many a son and
daughter have blessed the memory Of q sire
whose wealth and possessions were thus ex
pended, and who left them no other inheritance
than the remembrance of his noble patriotism
and philanthropy. The same spirit is yet alive,
and they whose arms or wealth shall prove the
means of giving liberty and happiness to THE
PEOPLE OF EUROPE, will see the day in which
the scorn of the republican scoffer win be Of
little avail, or shall recoil upon himself with
well deserved disgrace.
That men in this country whose sympathies
are not with the masses, and in whom the peo-
pie do not confde, should thus think and feel,
does not surprise us; but that intelligent and
talented gentlemen should have the folly to thus
express themselves in the Government journals
of the land, excites our special wonder