The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1861-07-02

The New York Herald (republican) is terribly
exercised at the idea that the Bankers are unwill-
ing to advance funds to sustain Lincoln. That
paper says:
Under the auspices of bankers in Lombard
street, combination Of bankers and capitalists
has been formed in New York for the express pur-
pose of aiding and abettng the Southern nsurrec-
ton, by withholding from the Administration the
mems of carrying on the We distinctly
charge that moneyed gentlemen whose names are
in possession which shall disclose when
= ever the interests Of the public demand it, have
arrived at an understanding with each other to
subscribe to more loans. and endeavor to injure
the national credit, for their selfish purposes,
to the extent Of their power. They princi-
pay in the cotton and foreign exchange interest
and are of English. French and German, we'll
of American origin.
They affect horror at the enormous expenditure
which will be involved ia the suppression of re-
beon, and declare that the banks OF this city,
over which they may exercise paramount control
Ehall yield another dollar if further loans arc
put into the market. hey principally sus-
tanned and urged on in the they have re-
solved on by London and Manchester houses, who
desire that the independence Of the Confederate
States shOnld be acknowledged speedily as pos
sible, in order that the English market may be
supplied with cotton, without the risk that would
quent war with this country. We believe that
the alliance thus formed is powerful that Mr.
Chase would find it impossible to combat with it,
and that he will find he is leaning upon broken
reed, if he places any future dependence upon
Wall street.
The subjoined paragraphs are from the con-
clusion of editorial article in the New York
Journal Of Commence, Of the 2lst. There are
in it, which will be readily detected by the
reader-one is the intmation Of possible revou-
ton in the South; nevertheless, the article will
he read with interest:
eve have said, and we now repeat that the
North has been deceived and misled into this war
by the Northern Republicans press; and since the
war began they have been constantly deceived
and mised in every particular relating to the force,
the ability and the courage of the foe. This de-
ceptiOn has led to fatal results already. 1t is
leading to destruction. The suppression Of
truths which show the strength and resources of
the South, the misrepresentation of their financial
aud cummissariat resources the false reports Of
dI>affection, dcscrtinn sickness &c, have charac
terized the editorial and news columns of the
papers alluded to, and have misled the minds of
men at the North, that the error could only be
corrected by some such lesson as was received at
Great Bethel, which may thus perhaps, be pro-
tluctivc of good on the whole.
;this contest is not affair of day, or a month
year. If the md is to be the conquering of
the Southern armies and people, that end is proba-
bly, very far distant let promise himself
that the battle of Manassas junction, now arpa-
renty hear, will be decisive of the war If we
are beaten at that point, is there any Northcrner
who proposes to give up the contest? II the
South are beaten, is there any probability that
SOutherners will yield the contest any more than
e
blood, our brothers cousins, frends-and they
reason, think and feel just as we should under
similar circumstances. here is, therefore, little
hope of end Of the war by decisive battle or
a short campaign.
Another possible end Of the war is one that may
now be talked Of freely, thong few weeks since
it was impossible to mention it. We lately pub
lshed very mild letter from St Louis CORES
pondcnt, suggesting a possible peace by com
promise. I he Hartford Times copied it, and the
Hartford Courant burst ike thunder cloud on
the Times charging it with treason and fatty pro-
nouncng it to be treason in any to propose a
compromise before we had finished the war But
are living in cooler times.
Another possible end of the war is in the occur
renee of another revolution i'll the South. 1t NAV
be that the States which went mad for secession a
few months ago, may change. In other words,
there may be strong Union party there some
day. If we are to believe the Republican papers,
the South has actually majority Of Union men
who are held down by MODS. We don't believe
any such thing. We don't believe there are ten
Union men in South Carolina. There were many
such in all the seeded States. But the attempt
at coercion by arms has carried them nearly ali
over for the present Is there 4 sane American
who believes that any amount of physical force W II
ever prevail to make Union men out Of Americans
who don't choose to be such? Can YOU starvc
them into it Is ii ere the rrmotest hope that a
long will make friends out Of enemies? So
long as the North stands where it stood six months
ago, and says to the South. you must yield, back
down from all this, and give it up; we will not
give you any excuse, any plea any argument by
which to move your doubling friends, YOU must
give up at once'-so long as the North maintains
this ground, Just SO long the war will continue"
The Daily News Conservative of the 10Th
says:
Some of the Republican Abolition Journals
show symptoms of recovery from their war fever
They seem to be preparing to throw off the hidcous
nightmare under which they have so long aborcd
with distorted vision and distempered brain The
Times of Saturday is loud in lame,.tation If the
loss OF life that must attend vigorous crmpaign
and suggests scheme of Eeaceabc warlke opera
tons, which seems twin brother to mastery inac-
-ilvlty. The Times would have our soldiers avoid
the trownlng battery and the dangerous redoubt
and is phianthropicaiiy opposed to that branch of
the profession of arms which calls uron the hero
TO seek the bubble reputation even at the can
mons mouth" lie would have the Commander