The south-western. [volume] (Shreveport, La.) 1852-1870, 1859-06-01

money. Julius Cesar himself Wouiu n.y. Ao'o
won the dav had he not had greater credit thah
his ANTAGONIST; and the most barbarous princes
count the cost and save cash before they 90 TO
war. In this essential respect, too, france
has a prodigious advantage. The extent OF
monetary resources exhibited by France IN
the Crimean contest quite took the world Dy
surprise. In spite Of having but just emerged
from revolutionary state, and in spite, too' oil
a deficiency in the vintage and OF food scarcity
she raised loan after loan within her own limits
almost without an effort. The years that nave
elapsed since have been period OF greaV MA
terial prosperity, and great abundance oi
capital has accumulated. Railway enterprises
have ceased to absorb the immense sums they
once did, for the simple reason that there is no
demand for new lines, France being at last
sufficiently supplied with all means OF internal
communication. If investments IN tie govern
ment funds were eagerly sought for IN the nus
sian war, they will be far more so noW' Wnen
the nation is at a far higher pitch OF prosperity
and floating capital much more abundant
Austria presents very different picture
She has little money and less credit. she mas
debt of eleven or twelve hundred millions,
and revenue lot much over one hundred
millions. For the last fifty years she has been
suffering all the evils of financial emoarrass-
ment. The revolution of 1848 added over one
hundred millions to her liabilities. Though
she has pressed taxation nearly up that point
where taxation kiln industry and thereby re-
coils fatally upon Itself, yet every year has
brought its inevitable deficit. She has forced
currency of nearly two hundred millions OF
dollars entirely valueless outside her own terri
tory, and greatly deprecated within. "hlie
France is absolutely experiencing inconv9l-
ence from plethora of gold-the import IN
| 1857 exceeding the export no less than TWO
hundred and eighteen millions-A ustrla hhds
it utterly impossible to keep metal enough
within her limits to supply even the most ordl'
nary wants of circulating medium, and has
to resort to bank notes down to denomination
of few kreutzers She has borrowed money
until the necessity of extrinsic support has
nearly become settled law of her existence
But European capitalists have had too many
lessons in the untold losses they have sustained
by Spain, Mexico, and the South American
republics to shut their eyes for any very pro
tracted period to the consequences OF supply
mo States with means to do what they are una
bic to do by their own positive resources. The
recent loan attempted to be negotiated through
the Rothschilds proved failure, and, 1t 1t wei
known, compelled the government to tall DacL
upon the metallic reserve Of the bank OF Vienna
which had already been to a considerable ex
tent reduced by the expenses of the prepare
tons for war. On account of the derangemen
of commerce, the receipts Of the customs hav
greatly fallen off, and so have all revenues
These facts augur poorly for the ability of Aus
tria to maintain a protracted contest
The reasonable attempt to nulIify provision
of the constitution of the United States and tn
laws passed in accordance with it, lately mad
in the New York legislature, has been signal,
defeated. What makes the vote more slgnh
cant is that twenty-one black republicans
voted against it. We take the following torcl
BILE comments upon this defeat from late lette
of the New York correspondent Of the SaVan
nah Republican:
81 rejoice to say that the Legislature ba
strangled the dead letter act known as tn
Personal Liberty Bill. The bill was killed i
the lower house by vote of 55 to 41-2
black republicans voting against the measur
which was sneaking and under hand wa
of nuIlifving the fugitive slave law, an
-FSs It We're not for tie outside schemss of til
6 Cuba fhbusers, slave-traders and Yansa
Spectators, a majority of our people cC1
never be induced to misrepresent the south, {
to interfere with her institutions. Count up
the south your extreme, radical and fiery think
? ers, and we can match 'em in proportion to tn
population by as many more; but the great bull
Of the people, here as there, are in favor of tn
Union, constitution, peace and laugh at the doc
{ H., tt.y- II 10
, There is vast deal of truth in the foregoing
: If it were not for the constant strength whic
the extremists in the north receive from the e8
} tremists in the south, the former would be veal
reduced to a mere shadow that we could we
afford to despise.
1t is in this light that the advocates of tn
African slave trade revival and the whole bate
of southern disunionists and extremists of ever
hue and stripe become instruments of mischie
5 They become in this way the worst enemies
the Union, and consequently of the south, b
f afTordng "ad and comfort" to the fanatict
' hordes who let sipho opportunity to misrepre
$ sent the southern people, and who are contnu
ally holding up to the view of these follower
these southern extremists as the true Tepreser
tatives of southern feeling and purpose, tina
which nothing is further from the truth TIL
great mass of the southern people are conse1
. vative in their ideas, and repudiate the Ute
2 plan schemes and extreme rhodomontade
the agitators who, for political effect, keep u
, the everlasting niger question. These soutl
ern extremists hold the same relation to IL
great mass of the people that the norther
radicals do to the great body of the poop
there. The agitatus in both sections NAL
, most Of the noise, and produce most of tt
! mischiefs that are experienced. Were itnot fc
. them the people would get along well enoug
. 1t is perhaps one of the evils inseparab
; from our form of government to be plagued /
/. demagogues and hair Drained politicians PR
+, Tossing intense regard for the dear people, b.
: who all the while have much more regard f
a their own selfish schemes and political aggral
, disement. They would fiddle while Ron
It should burn, if thereby they could rise to powe
/, Let the people keep an eye upon them an
frown down their disorganizing schemes ar
underhanded intrgues. N. O. Bulletin.
y>~-~-~----~~-~~------~----
$ The report of the special board of army of
J GERS, ordered to assemble at Washington on ii
7 9th ult, for the purpose of examining COL I
Mats grape shot revolver" has resulted vel
Y favOrablv tn said ,--for aftnr noinutal1, 4