The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1861-10-05
Prom the l.aldun uhsergcrl
IHE RIs9URCEs or THE STATES"
' 08rHERg DEPENDENCE Upon THE SOUTH

natural resources, the population, the
debt, and fhe general standing OF the IA.
ton desiring to borrow, as well as The
purchase fpr which the sum required is
to- be expended, and latke their calcn
lations accordingly.
Hitherto our Transatlantic relatives
have been particularly fortunate IN their
applications to the great money ccnttea,
aud whatever demand they have MAIDS
"pun the purse strings Of thu capitalists
has been Handsomely responded to. The
great political frm If the tuitnd States
OF America Ea8 enjoyed the very best
credit, aud has, therefore, always teen
enabled tpchta'a what IA lucy il wanted
ON the mo't favorable terms Almost
free from debit aud st pcege vjsi an the
world, 1t mas been prusparoaa Natarc
has favored it with cycry Hail and eli
mate It's mineral wealth is very great
aud ls agricultural products various (;
It's commerce has vhtcurd every sea.
and mo- nation within the historic period
has risen SO rapidly in Importance \
vast change, however, has taken place +.
many of the partners ri the great house
have Withdrawn, ard formed a new con.
Germ ard although the remaining IA. m-
hcrs IT the a. tatlnLWnut continue bust.
ness under the old Gsm at tle old stand.
lfar the present IL trcewcr necessary
% inquire whether ilc apitul lrIt in the
huHsr is not cntircly too small for -rch
large and hazardous transactions as Mr.
lincoln has entered into. We say o..
because Nr. Chase has suggested that
large portion t the proposed loan can
bee contracted for IN pounds sterling,
with interest payable In London. iu or
der 10 accommodate British capitalists.
Assuming that uui "strict neutrality
dpctriHc viii permit MS 90 subscribe Ca
this loau, what is ,itc strength 1t the
irly desiring to borrow tine amount ia
question: lis well known chat the
Americas States progressed very slowly
during the tirstt, euly five years of their
existence as q oHn.edvraCy, and tiiat they
ia mo- manner began TO dryclapc them
selves unit the cotton crop grew 60 lee
OF Importance 10 England. Ftaaec, Ger
msuy aud lha great staple hrsapc the
kinr ni commerce This fact gave The
United States "a 'harieN credit with
L1opcn nations that they otherwise
would not have bad and bees been the
true lever Of their prosperity
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