The national era. [volume] (Washington [D.C.]) 1847-1860, 1853-10-27
RAILROAD BONDS ABROAD-CREDlT OF MIssIs
sIPPI

In reply to report that Messrs. Robb &
SIidell of New Orleans, failed to obtain loan
abroad to enable the New Orleans and Nash
vile Railroad Company to 90 on with its work,
Mr.. Robb publishes letter, in which he as
cribes the failure to the discussion of the
Russian Question, the altered state of the
money market, and the deficiency of the grain
crops He received, however, assurances that
when one hundred miles of the road have been
completed that means will then be advanced
to finish it to Aberdeen, Mississippi. The Aber-
deem Miss Independent adds
"It is mistake that the bonds were regard
ed with suspicion by the English capitalists
on the contrary they would probably nave
commanded the very highest price, had the
condition of European politics been dinerent"
And SO the Independent is under the impress
sion that English capitalists would pay pre-
MUM upon Reputation Why not be candid'
WHY not admit frankly that Mississippi repu-
diation, and the total failure of some of its
neighbors to make any provision for the pay
ment of their foreign creditors have damaged
their credit to such an extent as to make capt.
talsts rather shy of investment in that quarter !
This is a fact whether Messrs Robb & Slidel
choose to admit it or not. How happens it
that Professor Mitchell, who was in London
about the same time those gentlemen were
there, succeeded in efecting heavy loan for
the Cincinnati and St. Louis Railroad Com
panyl His success was complete, notwith-
standing the Russian Question, the altered
state Of the money markets, and the threaten
ed deficiency of crops
Punctuality in debtpayng is the surest road
to q solid credit
, The North american Review is the repre-
sentative and exponent of some of those literary
characters that dream of the existence of a
f Conservative Party in this country. 1t looks
Q with complacency on all things obsolete, thinks
g Democracy blunder, and Slavery a blessing
In a review of Uncle TOMS Cabin, it comes to
, the following conclusions:
q "Savery, therefore exists rightfully in the
. South. No rights of the negro are violated
except that he is made slave. His right like
that of all men, is to be governed for his own
dement, some even go 80 lar rs I'd MAINTAIN
c that social condition, founded on the same
/. principle, and modified to suit the different Cir
cumstances-a relation more strict than that
j of master and apprentice and less severe and
permanent than that Of Slavery-might, with
G equal Justice and much advantage, be intro
. d,,ced INTO some Of the Northern States, m reia
v ton not only 10 negroes, but 10 the swARMs Oh
EMIGRANrs tcho erotcd our shores"
4 Our immigrant population soon learns thai
Slavery and its supporters are their natura
foes. The arguments put forth to sustain Sla
). very would authorize the ensavoment of thu
poor, the needy, the ignorant; the unprotected
;. of every cline and color. Some OF the advo
y Gates of the system in this country are oper
!. defenders of European despotism, and do no
hesitate to hint their opinion that the free la
borers of Western Europe should be reduced
\ to seridom. Take, for example, the following
"a extract from an editorial in late number o
the Richmond (Va) Eraminsr-one of the so
r called Democrats papers of the South
r "Slavery is destined soon to triumphant vim
. dication in the opinion of the world. Enamel
= patton of the blacks has resulted in disastrous
Q failure The groicih and improvement an Rus
n sid, and The happinsss and content Of her sDs