Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1858-10-14

| ycsselOf-war of Tamplco. His family took re-
| fucc on the Socnt and landed at Havana
| Important dispatches their way 10 WASH
| ington from the Spanish Consul.
| The American minister will sail from Vera
Cruz the 18th inst per sloop ofwar Plymouth,
| for the United States.
Coils Talcott, Myers and Grey. passengers on
the Solent, embarked ON the Isabel On the 10Th
| inst, for Charleston. on their way from Mexico.
A diligence had boon attacked by robbers, and
three sho: dead l'y the passengers. who Escaped
uninjurcd.
English Reputation
Our brethren in Great Britain when little
tremulous on financial questions between their
country and the United States, are liable 70 fly
into passion and say very ill-mnnnered things
about the tendency Of Americans to escape from
honest debt, ly the facile channels of reputation
Scarcely Ind the suggestion been made that the
Mexican debt to English bondholders, in case of
an annexation of Mexico to this COUNTRY, con he
lawfully rcpudiated on the ground Of usury, than
the spokesman of the nation, from the representa-
tive Of the British government, the London Times
to the motley fool ct the Court, I.nch are eloquent
in uterances. big and burly. saucy and sarcastic.
as if all financial virtue concentrated in the
atmosphere of l., ndenhal street, Printing House
Square and Blackfriars, to say nothing of the
pureus Of Westminster, where rich rents are
CLEANED from those who sell their health and lives
for their daily bread to snetain the pions holders
Of Church property The assumption Of 80 much
yirtuous Indignation; at the simple suggestion Of
IN act which, viewed in its stricest sense. would
be cmincnily Just, is quite natural in John Bull,
who is plethoric with capa.and always prepared
with iron knucklcS to prove the soundness ofhi
position by his ability to administer heavy blows
to those who diffor with him small item
in bill of costs few millions # dollars. The
national nste for the prize ring finds loftier ex-
pos ton in the den zens Of the Great Metropolis
,l,o l,,I,. tt,a hatva
tons in the Bank parlor. and whose braggart
boasts echoed both gravely and gaily, by the
thunder uf the ponderous Times, and the squeak,
of the crooked Punch. 1t il in vain that Brother
Jonathan tits back in his chair, and puts the
smoke of contemplation from his cigar into the
fncc Of his furious elder brother. who from habit
in domestic tyranny. cannot comprehend the equal
iiy Of brotherhood There il not--there cannot
be- any pacfcation ly argument. till pounds, shil-
lings and pence paid over according to the
tenor Of the bond. matter if tho spirit of Shy
lock did make the conditions. The Sydney Smiths
are not all dead yet Many one is ready, at
the call of British capitalists. to rave and blus-
ter about Jonathan's cars and to throw him
off of the two legs upon which he will persist
in balancing himself, provided he may be pro-
vokel into making the first assault. His
eqianimity. however. under the stimulating
sedative in his mouth, and the cotton that
makes his sitting luxuriantly easy, is as
he has interval for breaking bread with his
fiery brother Englishmen are proverbaly
good-iatured after dinner, that he will trouble
himself to speak.
We can very well imagine what Jonathan would
be likely to say, as soon rs he found John Bull in
n fit state of mind tolisten lie would remind him
probably, that about dozen years after this
markuble century burst over the barriers Of time
that one of the astounding acts ofpublic rep
ulaton of debts ever known in the history of the
world, was that on the part Of the Bank of Eng
hnd-thc pioneer of repudiation-when she paid
thirteen shillings and sixpence, where she owed n
sterling pound llcwould suggest the propriety Of
IA little reflection on the msery-foregn and do
mcsic--which that piece of downright financial
cleyerness created, and he might respectfully sug-
gcs that it II national measure. the hopo
of any pargnton from the sin out Of the boun
Diary of probabilities. Although Jonathan could
whine eloquently on a topic 80 fruitful in moral
suggesti,eness, yet to hurry up to balances on the
question of the comparative security of bank stock
in Great Britain and the United States, he mi ght
neglc to preach n sermon, or to launch n satire
and remind his fDrgetfu elder brother, that tho
bank failures under his hpasted management. in
twenty seven years, from 1920 to lS47, amounted
only to the comparatively small number of min o
hundred and seycnty-two. or an annual average OF
twcn,y,sx failures. No doubt this impairment re-
currence to financial history would stir the Gu RI
osty Of John To listen to the results in pounds,
shillings and pence. In that his inquiry
would be answered by the statement that the liza
bties Of these banks amounted to the trivial sam
of one hundred and fifty three millions, ffty-sc ven
thousand. eight hundred and sixty-six pounds
sterlng--inore than seven hundred and sixty mil
lions Of dollars. Or, the stoppage could be stated
at the annual average rate OF four millions two
hundred thousand pounds, or ahundred a.,d sixty
two thousand pounds per fortni ght for each insol
vent. One fourth of this has been ade al loss to
creditors. whose payment from assets has been
made Mt the rate Of three shillngs in the pound
annually, after sacrificing fourth Of their princi
pal Jonathan might discourse largely on this
enormous repudaton-a dead annual loss to
honest lustry nf five million, IF dollars, as
something not paralele'l by the history of loose
financial operations in the United STAKES. and res
peetiully hint to his elder brother that, under
existing circumstances. it may he as we'll to sub
due the criminnting spirit. and to reflect upon
the means of diminishing an evil of vast
magnitude. Having done this, with his usual com
placency. he can draw his knife from his pocket
pick his teeth after his agreeable lunch and
walk away to white a stickand construct prof
liable design at the moment.
Philadelphia Inquirer.