The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1861-10-02
No. 21Ia

the money will be raised. Nor will the sim
gularly ll-timed aud stupid desire EXP ss-
ed IN Congress to aggrayate still further che
already sufficiently aggravatng Morrill, tar
III add mnch to the resources of the Gogern-
ment al Washington.
Il will throw additional impediments in
the wav Of the already diminished trade be-
tween Great Britain and New York, and il
will tax in another form all the American
consumers Of cotton and wooien goods and
hardware, to the sole advantage Of North
manufacturers, such as Governor Sprague
Of Rhode Island; bur il will not add, in any
perceptible degree TO the wariike resources
OF the Republic. The South NAV originally
have been "nad TO secede, but the MOI,
seems 20 be permanently and hopelesslv mad
in forcing it. protectionst tariff on the c0un-
try at such a time a. the present, 10 the sd.
vantage Of no one but few wealth. mill,
owners, to the disadvantage Of all the rest of
the community, and to the inevitable aliena-
tion of all British sympathy.
As lor the proposed loan, we need scarce
u say that me attempt 10 introduce IL into The
London market has prored failure. Mr.. 4.
Belmont, the New York agent of the house
Of Rnthschild, has finally taken his depart.
ure, conrinced Of the utter hOpeiesmess ot per-
shading he Eagiish public 10 lend taenss. .Jes
10 the speculation. It Is universally felt in
this country that, il the Northerners mean TO
conquer in the unhappy strife, they must
conquer br their own energies and their own
money. The Federal Government can offer
! 10 valid security; and the English public
\ are well aware that neither Msssrs. Rotl.s-
child nor any other firm, however eminent,
I can or will give security for the payment.
punetnal or unpnnctnal, Of the interest.
The bonds Of more than one Of the North
ern Siates are mot worth more in the mark
ets Of the world than The paper on which
they arr. printed; and were the war even
more popular in the North thss it is, rep.y-
ment would be as probiematical after the
success, as il would be after the failure Of
tile Federal arms. Ii the Sonth establish its
independence, as seems ineuitq6ls what luId
be the value Of stock in a Federal loan II
the North conquer The South, and hare 10
maintain standing army to keep il il sub
lection, what will then be the valnas P,ob-
ably about The same in either case, so p-T
cent belnw par, or lower than that
The Americans do NOT wish Great. .-r, iE
to interfere in the quarrel, or egen tr "a
their advice, aud they ought, if cons; a.
to scorn 10 borrow the money Of an z s'
man 10 carry on feud which they ser, v
be purely domestic one, with whi,a E.,
peans have no concern. We know lat
; multitude Of Englishmen who hfSa sma
sums Of money TO invest, do a1i look alt5
grtter At the morality Of then inyestm en-
Or consider too closely whether the war 10
! WHICH they furnish The ..sinews il st Or un-
just. On the contrary, we are fully aware
that they Iook to high interest for their me-
ney. and TO that alone.
We lel these people emphaiieally that
any Engishmaa wiH deserve 10 iole egTy
fartiiag Of his iaretmni. If ke lend u ne
Ngrit IL This Struggle. Our Gosc amenl
wt.eiy resolved 10 keep herself out thg
Z asiee. if The unreasonable north wi not face
u, into strife by inyenting grounds Of ofrnc.
and qurrel. And our people will DO Wel L
mlite ihc example, and not inyesta -litet
4 I'll elhrr side. British trade suffers mar,
illan enough between the beligerents; anu
:, Waali be silly indeed If those who arr no
: traders should imperil their money by il.
srstu- i IL cause with which tney Lay,
nj cuucrrn.