Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-09-25
.'slnsvs. Of war IN Amsriea.v


The Anglo Saxon races IN aIl parts Of the world
are well known for what Lord Castiereagh called
their "iEr1Taat impotence Of taxaton,7 and are
not likely 10 submit, without struggle az evasion
ID burdens so new and so unpopular as direct Isr-
sonal imposts especially in the Far West. where
there is large German population to ed them in
resistance, among WHOM the war has stil fewer
sdherenss than among men Of English, Scottish and
Irish descent And this feeling, taken in cOpjunc
ton wItht the Singular leyity, almost approaching
to the ridiculous which has been displayed by Il
Northern combatauts, does not Impress the public
Of this country with strong conviction that the
money viii be raised. Nor viii the siugularly i'll
timed and stupid desire oppressed in Congress to
aggrayate still further the already sufficiently az
gravating Morrill, tariff add much to the resources
Of the Government at Washington.
It viii throw additional impediments in the way
Of the already diminished trade between Great
Britain and New York; and it viii tax in another
form all the American consumers Of cotton and
Woollen goods and hardware, to the sole advantages
OF. Northern manufacturers, such a. Governor
Sprague Of Rhode Island; but it viii not xdd, in
any perceptlble degree, to the Tarke resources OF
the Republic. TheSouth may originally have been
"nad" TO seeede, but the North seems to be per
m2neotiy and hopelessly mad in forcing its protec
ZIONIST tariff on the country at such time as the
present, 10 the advantage of no one but 8 few
wealthy millowners, 10 the disadvantage Of all this
reaf OF the community and to the inevitable aliena
ton Of all British sympathy.
r
As Tor the proposed loan, We need scarcely say
that the attempt 70 introduce Is into the London
market has proved failure. Mr.. A. Belmont, the
New YORK agent Of the house Of RothschiId, has
finally taksR his departure convinced Of the hope.
lessness Of persuading the English public 20 lend
themselves TO the speculation It is universally
felt In this country that if the Northerners mean
to conquer in the unhappy strife, they must con.
quer by their own energies and their own money.
The Federal Government can offar no valid seeuri
ty; and the Eaglish public are well aware that
neither Messrs Rothschild nor any other firm, how
ever eminent, can or will give security for the say
ment, punctual or unpunetusl of the interest.
The bonds Of more than one Of the Northern
States are not worth more in the markets of the
world than the paper on which they are printed;
and were the war even more popular in the North
than it is repayment would be as probematieal af-
ter the success as il would be after the failure OF
the Federal arms. II the South establish its inde
peAdence, as seems inevitable, what would be the
value of stock in Federal loan? If the North
conquer the South, and have to maintain q standing
army to keep il in subsection, what viii then be the
yaluel Probably shout the same in either case, SO
per cent below par, or lower than that.
The Americans do not wish Great Britain to in
terfere IN the quarrel or even TO offer their advice
and they ought If consistent to seorn to borrow the
money Of an Engliahman to carry on feud which
they assert to be purely domestic one, with which
Europeans have no concern. We know that multi
tudes of Englishmen who have small sums of money
ste invest do not look altogether at the morality OF
their investments, or consider too closely whether
the war to which they furnish the sinews Is Just or
unjust. On the contrary, we are fully aware that
they look to high interest for their mSney and to
that alone.
We tel these people emphaticaly that any Eng
ishman viii deserve to lose every farthing Of his
investment il be lend it to the North in this strug
gle. Our Government wisely resolved to keep her
self out of the melee if the unreasonable North will
not force Us into strife by iaventi1g grounds Of
offence and quarrel And our people win do well
to initiate the example, and not to invest guinea
On either side. British trade will suffer more than
enough between the belligerents and it would be
silly indeed, if those who are not traders should
imperil their money by investing it in a cause with
which they have no concern.