Daily Nashville union. [volume] (Nashville, Tenn.) 1862-1862, 1862-05-22
The American Loan.
Prom tne london Herald, Angus. 3

The American Loan.
From the London Herald, August
The annexed letter. on the subject of
the new American Loan, will be perused
with satisfaction at the present juno
ture. Any attempt TO raise money for
the Federal Government should be re-
sisted, and the feeling among capitalists
is certainly averse TO supporting such
an operation. The agents of powerful
banking firms in New York have alrea-
dy arrived in this country, and others,
il is stated, will follow, with the express
object of endeavoring TO negotiate terms
for placing a part Of stock to be Gre
ated.
If the public, however, will only do
themselves justice, they possess now a
most brilliant opportunity of resenting
the injuries they have suffered in pc
cuniary point of view at the hands of
American Adventures. Republication in
its worst form might ensue if, after the
loan were negotiated, an arrangement
between the North and South for an
amicable adjustment should be effected.
The best way to avoid any difficulty in
this respect viii be TO refuse financial
assistance either TO the Federal authori-
ties or the representatives Of the Con-
federate States:
To THE EDIToR-Sir: A burnt child
breads the fire. So says the adage AS
far as l am concerned it will hold good,
but as far as the heavy per centage cap
italists Of this AnaeyioanJqeecea and
Aulericaa-iasuke4 country are compre-
hended its vitality is questionable. If
our moneyed men can condone previous
reputation, they deserve TO be met with
a repetition Of it, and l could almost
wish its second administration as a Just
punishment for the neglect of the warn
ing of experience. Let the public press
do its duty to the country by continued
reiterated cautions against the folly Of
subscribing TO a loan on the faith of
Yankee promises TO pay promises
destined, in my opinion, TO meet the fate
Of previous experience.
America has already too much Of En-
glish capital in her railroads and canals,
for which she has paid nothing to her
English creditors. Let her do Justice
to our previous liberality, and recognize
and pay of old scores, before she makes
another appeal for the assistance and
liberality Of the old country TO carry
her through her self-inhicted difficulties
and embarassments. With the philac-
terry of reputation on her 0s fronts.
surely none but the shameless face of
Yankeedom could hazard another appeal
to injured capitalists and an insulted
country.
In playing the bully and in the as
sumption Of staggering she never had
an equal, and it is time she met with a
rebuke in 'he only sensitive part of her
rsJuks l0bich our QYisto-
crazy Of nancy n0l5 has he p0tcer 10 iB7ict
namely by throwing her on other than
English resources for pecuniary saliva
ton from her present perplexitics.
How deeply chagrined must these
Nashville Rebels and their English GRO
MES feel to know that the Federal Gov
eminent has prosecuted the war vigor-
ously and successfully, with unimpaired
credit, and Vitloia 5orroi0ing oJie dollar
trom Europe while the Southern Con-
federacy has not yet been able to borrow
fifteen millions Of dollars, and its bopds
arc worthless How the Nashville He
bells rejoieed that ne American republic |
was about 10 receive a "REBUKE
FROM THE ARISTOCRACY or MO- !
NEYS' What delightful thought for
the General Barrows, Hardings, Guilds,
and other Rebel worthless The vision,
alas was doomed 10 fade before their /
eyes like the mirage Of the desert before |
the thirsty caravan. Il seems TO ne
that in view Of the "rPudiatioa" Of
AflAansas, Florida and Ala |
bsma, the English newspapers should /
have tsached more dslieately on the |
subjsc, u bad faith, BssciRg and rsPu-