Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-04-03

of single life has risen from the dependency of a
colonial position, to high standing among the great
est nations of the earth-on that same day a social
phenomenon was witnessed in the city OF London,
scarcely less striking, to speak, less revolution
airy in it's way. We allude to the marriage OF two
young persons representatives of two of the leading
houses composing the Rothschild family of bankers,
| and the circumstances and ceremonies connected
| Herewith
| The growth of the great banking power in the
hands of this family is hardly surpassed by the as
tonishng CROWN Of the United States Themselves
ong past the middle of the last century and the
very name was unknown. Still later and it was only
represented by humble persons obscurely slrug-
Cling into competence, with the prospect of ultimate
wealth. Now in this year 1857, when members Of
this great family married, princes potentates and
powers the representatives of the proudest courts of
the continent, the haughtest members of The British
Aristocracy, piers forward TO honor themselves by
no norng the nurtias with their presence, and the
descendants of the old Frankfort Jew slightly remov
ed are courted by the Norman Arisocracy who trace
their dasent to the Conquest, and toadied to by the
ambassadors OF the high and mighty military powers
of Europe.
The times are changed since brutal tyrants used to
compel leans by drawing teeth or cutting off heads,
when the sword alone the arbiter and the brutal
baron-on his casled crag-revelled in abundance
which he neither owned nor created. If, as Bulwer
saws the pen is mightier than the sword, we may
add that the purse is mghtier than either and, while
the welder of the pen pines in want, the wieder of
the purse sits on the high places of the earth and
dictates peace or war TO the nations.
This is right enough, at least take things as we
find them, feeling no mission to reform the world,
which, for anything we can do to il will be apt 10
wag its own way still, we may be allowed 10 ques-
ton whether the tyranny of capital bent upon &C
emulation not frequently ruthless that of the
mailed feudality of the middle ages, or whether the
pompous ascendency of mere wealth is not, upon the
whole CALLING as that of the territorial arstocrat.
The principles that govern the world are essentially
the same in all ages, and the main difference is in
their mode of acting. The locomotive with its train
bears the traveller along with marvellous CELEBRITY
but be who misses his place, or lacks the money TO
pay for it, is left behind and out of reach and thought
before he has time TO bless himself Such is modern
progress very progressive for some, but leaving
the weak behind and crushing the unfortunate, while
roar of their own going head, that they think little
of others, until, fguravely speaking, they off the
track, tumble through drawbridge, get used up in
collaboration of such character are the perils of
speculation in this fast age.
The class of capitalists TO which the RotEchilds
belong, owes its existence to the funding system,
delightful modern invention by which mankind are
killed credit, and the aggregate resources of future
generations pledged for the benefit of some por.
ton of the present. This thing comparatively
unknown in England until the revolution of 1853
Previous to that time people fought long they
could pay or steal their way, and when they could
keep it no longer the feuda Ievies or temporary
arrays were disbanded and some sort of breathing
time taken. Sufficient unto the day the evil
thereof. But with the great, glorious and immor
tai" Dutchman William the Third, other notions
me in, and were perfected under those other great
glorious and immortal pg-heads, the Geo ges, unit
England is at this day paying somewhere in the
neighborhood OF one hundred and forty millions Of
dollars per annum of interest upon her debt, TIT
largest palt of which incurred in the attempt Il
put down Napoleon, whose nephew now occupies
the throne of France, and leads the granddaughte
of cid George Ill in a string like puppet
This hypothec of the resources of peoples
communities is quite an alluring affair, and Their
have not been wanting grave and, in other respects
wise statesmen in America who have contended tina
a national debt is national blessing. That in plaiE
terms. horse run better for being hobbed anc
carrying weights This pretty little fallacy is no
far from being exploded, and men begin to under
8 stand that the Rochschlds and such like, are evi
dences of The necessities and wants, and foies of tn
nations, and to feel that speculative progress
paper credits, and fictitious wealth has nothing in
solid or durable, the too solid oppression of tn
D heavy taxes which one generation bequeaths
another a legacy.
Perhaps we may be wrong, but we confess t
. doubts in regard to the perfect superiority of tn
m ney ocracy all other systems-we must thin
that the less indebted and less care worn commun
ties of older times had chance for happine,
with those of the present day. These may be FOOLS
notions, but somehow we lean TO them. Nations d
4 not differ essentially from individuals Let any ma
take the facts of national progress home to himsel
and he will realize something of the meaning OF on
remarks and when called upon to act in his publ
capacity, as citizen, he will look gravely at tn
growing letters which State and municipal indebted
Il ness are winding around the limbs of the present
the future and at least be chary of his again
those who disposed to act cautiously before at
ding to their weight.
n So far, North Carolina makes provision for be
}. debts, and for their payment at maturity We tru
# that she will continue do. Let none blame ht
legislators for parsimony in not adding to that del
l. unless they able and willing cheerfully to pa
e additional taxes in the present, with the prospect
J., heavier burdens in the future Let US be sure th
. our debts will become no narnefntY hevond redeml