New-York daily tribune., 1861-08-16

States snnouDced from the ialcony of the Exchange
Hotel at Montgomery that In few weeks their flag
s,ould wsve over the Capitol at Washington AZ
t,mpts have been eince ide Go question the autheu-
tity of OF this postprandi indscre,iop but quote
foni 7hc ChsTicstoa Mrrcury witch. however
widely may al times ,ecede from reason, has never
yet been charged witb seeding FROM what IL believes
to be the truth. .ro a-i Iia' E
With tbese echoes OF a no very remote past, now
nainsle uiterances With which 1 could wish th't my
WORLDLY fortunes gave me reason 10 De se mo uls-
saIifrd. Willie defense 10 the swamp Inc eaa OF war
to the knife seens the present wal CRY UI southern
uariiots, there are eymp'oms Of IN aggression no,
unlikely to prove equally fatal to friends and 1905 ahd
this IL r,padiofton. Notwithsta, ding the chalReS
rung uPon this topic since the origio OF communities,
canDot deny that Ame ican ingeIuit y-nore par
ticua,y In hisi sippi has discovered new ana uiss-
pect,d variations fhs may be all very well between
beiserents; snd, while ousidcIs may question, the
ehcs oi "stay laws" they have no rlSbt 10 ufu Au
with them. But In the case Of State bonds railroad
debennres a i'd genus ON ne, will it lot be difficult TO
oeeriDinnte tet~eon the innOcont EuroTean apd tte
uisa Northern holder of Securitiee 80 reaaiy traaS-
Thus the Montgomery Congress enacted prohi-
bitiOn of an payments TO the enemy The Attorney
Geie eIi oi Louisiana has pronounced the transfer OF
oank OF otner stocks standing ia Nortbern lille.
gaL Gen. Pil Nv has reminded the peo,le OF Tenues-
see, III recent proclamation, that ali pay wonts due
NOrbern creditors must be made to tue State In sup-
@ n Of the war, aud that remtapces in cont tavenon
Of ,bs Se will render It's trausgre.sors liable 10 penal
copsegpenees And the State of Virginia. after iuvit.
;ng her Norfbesq bon6hVldexs TO come 10 Richuond
aud collect their Coupohs in Virginia currency is de-
ban Iuoa,ufes 20 Withhold any such pay meuts here
known 10 lie due to the North.
i need not say that msuy southern railroad canal,
and state bonds are held III Europe and ba, the cap
taliss OF Ioudon, Paris Amsterdam, Frankfort &c /,
n.w,IIv trsnyaet their butuess through Northern
aqen1r. Take, for example, Liverpool h. lder Of
I0u;sians shares who hRs been wont1o receive his
dividends through Me.s's, B'own Brothers: His
stock may even, Tor convenience DC III .uer
name The ,igu of those gentlemen having been re-
Gently taken down by the New-Orleans 'tgiish..e
Committee and their Office closed BY their aSe"t In
thst city, their English client may whistle for bis div
idends until the war is over.
Again. Teppea,es has fair length Of railroads,
some OF which uay still owe balance 10 the BI1uTh
iron.master or soue Of tho contractors on which may
have pa, or maturing in favor OF Northern bgep's
General ill ws proclamation debars oven the debtor
who is willing aud able ~ pay from the inihhnent oi
his obligations. am no, familiar enough win finance
decide tie question which OCT urs u me- VIZ: may
the not be parties glad to tke advantage OF this pro-
| hoition az d 10 consider the debt csn,eled
The British caIitoi-t, tlerefore, who bas abored
under the deusvnIot ds PEELED by the iiusncsl ets
Of MisSissipi-tbst State Londs canied Mih tlem tue
faulty gusi auty OF the entity OF tie United States
Govsriuien uisy discover that, like tho butte er
of Eastern fable, be has trusted nugicisp and that
the Southern department OF his sroDg-boE cOniaios but
withered leaves. The pto.rie aIy and creditors OF
Southern railways murt for some Ue 10 cone suiier
similar dlsehchsntmeBt was assured by nu iGtel
gent NofiberD railway president that England and tue
Northern States had built 0n the southern rail@ays
aud that for the pa,t ten years or more tho plant
wbo.e prosperity they had advanced had invested Ill
their profits i'll fresh land aud negroes, luct
i've outlay ban any internal improvements"
question OF interest may occur 10 The heireii an
OF tne dis ecion Of the house OF Percy, who
beq ahed El50UU0 10 the United Sts'es 10 found at
Washington al institution for the diffusion OF knowi
edge among men. TIE legacy collected by 3
Democratic Administration, ana the bulk Of IL lent 20
the now seeded State of Afkaftas, under the guar
AMY OF the United States. Tue bonds Of that Sae
could not have been sold at thAt tine in the market
for 10 per cent. IL would 10 expecting blood frum
stone TO hole that dollar Of the princp interest
will now be paid 10 tue Smithsonian Institution, and
the debt may consequently be added 10 the long Ii Of
untlied o.hgaiions tow ard mankind which weigh on
the m, mory OF the great Republic. II Arkansas
spects tie District OF Columbia there muy he no
d.nger, bat the temptation is great And nov bring
this letter TO cioee with tho that, If have
extenuaied many thiDgs have set down pAught in
malice In my next shall bsve few words 20 ray
as to the question Of administration Of the laws, and
the morality which prevails il parts Of The recent
United SLaIes--lhe which may have more ~ do with
the quest arise hereafter than may think, or
be ready 10 perceive frs blush; aud tten before
leave tie South by the aid OF faithful authorities
trust 10 give some information respecting matter oi
much interest 10 EDgand-the cotton supply. Ii Cot
ton be King We uay as well admit tie sway ct once:
but for one, would live under tie wos, form
OF possible, the disrupted rule OF the
American publc, tnsu the sway OF such soulless
ssuseless, tVceuleht potebtate.