Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-08-23
The American Lonn.
From shs London Herald, August }

Ffoh bAs Lonoon heTAldS August
The annexed letter, on the subject of the new
American loan, will be perused with satisfaction a
the present Juncture. Any attempt to raise moneI
for the Federal Government should be resisted anC
the feeling among capitalists is certainly aTerse t,
supporting such an operation. The agents of DOW
| eFful banking firms in New York have already ar
rived In this country, and others, it is stated viii
follow, with the express object of endeavoriug tc
negotiate terms for placing part Of stock to be
created.
If the public, however, viii only do themselves
justice, they possess now a most brilliant opuortu-
nifty of reseHtng the injuries they have suffered in
| peeunary point of view at the hands of American
| spectators and American adventurers. Repudias
tion in its worst form might ensue if after the loan
were negotiated, an arrangement between the North
| and South for an amicable adjustment should be
] effected The best way to avoid any difficulty in
this respect will be TO refuse financial assistance
either to the Federal authorities or the representa
| tiyes of the Confederate States.
To THE EDTToR-SR: A burnt child breads the
IRE. So saws the adRge. As far as am concerned
it viii hold good, but as far as the heavy per cent
aged capitalists Of this Ameriesn-ae and Amer
isaninsulted country comprehended its vitality
Is questionable. If our mOneyed men can condone
previous reputation, they deserve to be met with
repetition of IT. and could almost wish its second
administration as just punishment for the neglect
Of the warning Of experience Let the public press
do its duty to the country by continued reiterated
cautions against the folly Of subscribing to & loan
on the faith of Yankee promises to payD-prc-
misses destined in my opinion, to meet the fate of
previous experience.
America has already too much of English capi-
tai in her railroads and canals, for which she has
paid nothing to her English creditors Let her do
justice to our previous iberality, and recOgni e
and pay off old scores, before she makes another
appeal for the assistance and hberality of the old
country to carry her through her self inflicted diff
heultles, and embarrassments. With the philsctery
of reputation en- her OS frOHtiS, surely none but
the shameless face of YankeedOm could hazard
another appeal to injured capitalists and an insult
ed country.
In playing the bully and in the assumption of
swagger she never had an equal, and it is time she
met ihrebuke in the only sensitive part of her yul
nerabiliy-a rebuke which our aristocracy Of mon
ey now has the power to infict-namely, by throw
ing her on other than English resources for pecu-
mary redemption from her present perplexities.
With so fine field as that presented by East In
dian canals and railroads, now langushing for eRp
tai to complete them, and offering Princely re-
turn as their completion is to do, any grasping
after an extra per cent, based only on the prom
ise of our transatlatie cousins (faets would well
justify jeU de mot is the substitute of cozsn will
show reckless Indifference to security a gross |
neglect of previous experience, recognition Of the
jusness of the rufhansm of the Anti English Amer
iesn Press, and want Of self respect and patriotsm
that is grevOus to contemplate by every right mind
ed, honest and non-repudiating Englishmen. hope
the Press will do its duty, depreeate English sub
scripton and save English widows and orphans
from beggary by American dishonesty.
l am, with great respect for your enlightened and
efforts for the country's good, most
ARGUS.
LIVERPOOL, Aug. /.