The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1862-04-12

"'1acHs On this ~.
try during the present rebellion. T. toP'
done more to ALLEVIATE the two pa,io,
it can undo or atone for in buDd,.1 'H'a
Its objectionable. scicEed cou,s. !atal
be accounted for by believing the u, len Only
times repeated story, that its infusD"u
been bought and paid for by JEFF n.H; bay
20. Be that as it may, the seed - laws
London Times has sown, the past wv" ths
bring forth a troublesome crop "a ear viii
warn that uuprincipled sheet ib. uu ~ We duly
for adjudication may be nearer than 'i !, Iln'
poses. .s.... sup
We wish no disturbance of Ii. g.;
relations which have so long existed hh'endl!
this country and Great Britain. W. s'Tsei
been disappointed and grieyed ., y" e nave
markabls course, for it has eiv.D "f fs.
rebels and conspirators the o9Iv -, 70 The
which they have had. We had . strength
expect that England would fave, sN to
5 10eD;s,i and humanity in any Quarter a!s
especially IN their hour CT peril in this co noa
try; out We bave failed to receive that I gu"
Pathy which was SO confidently anti" %, y "a! u
we nave sought the aid of no 6reian pa"a
TO hght our battles. We have fsls op po~er
tent TO 90 this work ourselves. bnt ~. Pc
expect from our mother.land go We u'G
comfort and cheer. They would bav. t $50 Of
most gratefully received. Thew ba~s oo Uesn
however, not from thence, but from o'I
quarters. France, Russia, and 9TH. U'usf
tons, by what they have done, and by VIA ia.
they have not done, have greatly strsno IS'
ened our mutual bonds Of friendship Sai
union. They have acted wisely and ;psIIr
and the future shall determine, BY our az,
whether we appreciate their course or no
The record has been made, no; BY US bnr
by her own hand; and the loyal. lh.,,r
loving people of these United States M.
look at that record with pain and sOr,or
for they expected better things.
This great rebellion, from its r.,v
commencement, has been a grand rev.L.
ton. 1t is now admitted by the Who'll.
world, that with an army of six hupdrs5
thousand men we are indeed power amons
the nations; and while Great Britain bS
fsiled to see our true position, and to SELL
stronger alliance of friendship, we h.r.
found ourselves elsewhere not forgotten
The London Times has, day by day, k5
the English people on such savory poison
as the following:
THE BANKRUPTCY OF AMERICA.
cit was worth costly experiment to re.
tain that rich Southern business, and New
York will be hard put to it either to win it
back or to do without it. But the capital
lists have now come to the conclusion that
the game is up, and that the experiment is
passing out of their hands. The suggestion
to raise $50, 200, 900 yearly by direct tax.
alton does not deceive them. They know
very we'll that, even if the sovereign peopl.
would submit to endure taxation as heavy
as that of England, america could not raise
continuously more than 10000, 900 ster.
ling annually. The rough calculation has
always been that in capacity Of taxation the
proportion between the two countries is,
that American dollars are equal to English
pounds sterling. If we raise E5O,O0O,OOO
exclusive of our customs, America prob.
ably could, if she pleased, raise S5O,OOO,.
600, or O,0OO,O 600 sterling. Such pos.
sible revenue, even if it were not based on
the wild improbability that the Western
States will consent to pay any such taxes,
would be a very poor security for half the
debt which has already accrued. In this
state of things the commercial adage that
'the first loan is the best comes into play,
and the capitalists of New York are DOW
watching for the first opportunity when n
may be safe to say openly, This war must
be settled somehow
"This first loan is indeed bad enough.
There are all the profits of the Southern
agencies gone. The Golfers are all drained
by a disastrous loan of many milliOns.
Having suspended specie payments, Of
courSe they cannot borrow any money from
abroad, and they have a Government SO
recklessly manufacturing paper money that
there is no hope of keeping up for any length
of time the delusion that it is Of value.
Still, there would be some hope if they
could stop where they now are. Peace
might restore to them some trade relations
with the South, and while the more indO'
lent Southernsrs have wealth, the sharp
Northerner may always hope that be will get
some of it. How the frightful current 'x'
penditure can be stopped, OF bow the war
can be settled, it is, perhaps, premature :"
speculate. Nor do we venture 70 caicumIo
that the power of capital is imnedHlslY sls
as decisive on such a question. AI"S~
has such imperishabIs advantages, N nv
great unbroken wastes of fertile soil man"
mere financial difficulties can strange heI'
She may 6orrosO and repudiats over ana 0'S 1
again. and ruin every capitalist she has, a"a
get rise again and thrive. But at sucn
crisis as this the interests of moneyed me1
are likely TO be of great influence upon
events. We are much misinformsd if The
opinion of the commercial body in the gres'
cities of Federal America has not receolly
veered round. and if there be not all uP, anu
down Wall street general disgust and ~,
tipathy to that ninety days bill ano
unanimous resolution to protest it when "
next comes TO maturity" -,