The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1863-05-01

The Confederate Loan IN Europe
Nothing has occurred. sa! the Atlanta
Commonwealth. ca culated 50 much TO MS
,onish our enemies as the complete sue
cess of the Confederate Government in
nego,iationg of the loan in Europe, based
on the cotton warrants. When their
forces were driven buck, or captured, on
the bloody battle fields OF Manassas, shi-
lob. Belmont, Richmond, Kentucky, Elk
horn. before Richmond, Virginia, and at
Vicksburg. Port Hudson and Charleston
some excuse or lie could be invented
which would beguile the people and sat-
isfy the capitalist who supplied the mon
ey wherewith to carry on the war. But
the negotiation Of this loan is stubborn
fact for which no excuse can be offered
that will mislead the people, and for
which the Lincoln Government can give
no satisfactory explanation.
The fact of the loan having been ef-
fected demonstrates the additional fact
that either the diplomacy of the Confed-
crate agents in Europe has been superior
20 that Of the Ministers of the United
States, which is humiliating to that Gov
ernment and people, else European pow
crs are satisfied that the Confederate
States have gained important. substantial
victories notwithstanding the denials and
evasious Of the press and the Government
Of h. United States.
The. eiecting Of this loan is equivalent
to ~ acltnowledgement on the part Of
the capitalists Of Europe OF the fact Of
the achievement of our independence
aud our ability to maintain it, and affords
substantial grounds for hoping and be-
leving that recognition by European Gov
ernments is sure to follow soon for the
monied citizens Of those Governments
becoming directly and largely interested
in our success, must bring to bear upon
such Governments an influence, in our
favor, which they cannot withstand.
In addition to its being an evidence Of
their belief in our ability to maintain our
independence, and affording hopes of our
recognition in short time, it indicates
that whatever may be the opinion of their
Government, the capitalists of Europe are
convinced the press and Government of
the United States have not told the truth
about the results of the various battles
which have been fought. The fact Of
their having been detected in their false.
hoods is calculated to arouse the indgna.
ton they pretend to feel.
The success Of this negotiation may also
we think, be regarded as an indication oil
what the action Of European Governments
may be, for the relations of the large capi-
talists of those powers are so intimate,
that either the Governments are CONTROL.
ed by the capitalists, or the latter are full.
ly advised as to what their Government
intend to do. In either case, we think
that our people may hopefully look for an
early recognition. But they must at the
same time, remember that recognition
does not necessarially mean mediation,
Intervention, or an early peace. Itwould
be'a fatal delusion to act upon the belief
that it would secure either, and Govern
n,ent and people relax their efforts. But
we entertain no fears of such result, and
believe that now, more than ever before,
if possible, both are more determined
than ever to prosecute the war vigorous.
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