The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1862-01-25

HTN LUIS actbHbk1 lNi iitf fNh'''''''
~ manner in which The Northern gov
orpmcnt has sustained ia credit Ia the
meantime. however, Mr. Chase has is'
sued immense amounts Of government
paper, and the banks, importuned by The
GOVERN mt and the PEOPLE, have extend
ed their issues enormously AS long as
there was an abundance Of gold in the
county, everything houTisded ba. It
soon became evident that a war with
Europe was imminent. Foreigners, who
had debts 10 collect in the country, or
held American securities, or property Of
any character IN the United States felt
the necessity Of Withdrawing their
means as rapidly as possible The ION
sequence has been rapid relax Of gold
to Europc With millions Of worthless
paper, aud nothing To redeem H. the re
vulsion must be terrible indeed.
Cad There has been growing alien.
alton Of feeling between the North
Western and the Eastern States The for
mer have been oppressed from the com
u.cnccmcnt of the war Nothing has
been offered them 10 make amends Tor the
loss If the trade Of the South, the value
Of which the people Of those States now
begin to appreciate The latter, on the
contrary. seem TO have prospercd since
the commencement Of hosiilities. and 10
them the war has been a comparative
holiday diversion. This blow at th"
credit Of the Lincoln government Will
PROSTATE every section, and right on the
heels Of il. comes the war tax, which
the people Of all sections, but par,lcu'
larry the West. will be not only unwlE
ling. but unable TO pay The credit Of
the United States govornmen. will be
paralizod, and in the convulsion which
follows. the country will be irrovocabIy
divided
Ord The United States has a settle.
mon. to make with foreign nations, IN
which she il bound to be the sufferer
The Trent affair is not settled yet, Mr.
Seward instcsd of apologlaing for the
outrage, has attempted 20 Justify II
lie surrenders the commissioners with
4 4, fst hg t..l
est Of his government, be could retail
them. England will not submit to this
II she does not proceed 10 actual war
sho will most probably resent the aiiron
by opening the Southern ports All thu
nt,cations point to an carly resumption
Of our trade with foreign nations, an,
the stil deeper humiliation Of th'
Northern government.
The war, cannot, therefore in ON
judgement, last many months but # d
does, it will be to the utter prostratiot
Of our enemies With the ill.wll Of for
cgn nations, and the loss Of respect %
its pcpplc. the Washuetan adpiulsira
will be unable. and unwilling if they
| posscssed the ability, longer to sustain
the lettering fortunes OF the govern
mon, The decentralization and dsbund
/ ing Of the grand army" must follow
I and, when that takes place, comes III,
day Of trial Happy will it be for th,
people Of the United States and for Ian
mani'y, il disorders DO not ensue whicl
will destroy the last vcstige of liberty
and render the establishment of mon
archy welcome refuge agains, anarch,
aud violence
OwSISG Ur.--1ho Washna ION CORES
ponden, Of the Cincinnati Commercial
says:
As was anticipated in my last. In,
public opinion is quickly settling dowl
to the acceptance of the Mason and Sli
dell surrender, a. one Of those oftluolc,
and alread sufficiently. .xrc