Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-04-10
FRIDAY MORNING April 10
TIsE EUEoPa,s..s.. |. AIMS sIeNIF-


The loan announced 70 have been Just uego
1 asted in Europe, by ihe agens Of the Confd
erats Voranmsnt, is significant Of much NOR,
than the pecunisry benefits that must immedi
ately result, a4d ho-day tie success that attend
ed the effort, SO reaeeably secured, may be hailed
with more reiUieing than decisive victory allel
hard fought battle
The history Of revolutions furnishes no paral
lei. The -Confederaey is yeta people struggling
for a position amoag the nations Of the world
We a1e Jet without governmental recognition
by q single power. We have made q declaTa-
ton Of our independence; bave thus far success
fully baltle3 for the maintenance of that declsr-
ation, and the world witnesses rs prepared to
further maintain It by our own sHong arm.
We have our government aequiasced in and
supported by cur whole people as q unit. We
have in successful operation, locally, ali the ma
ehinery Of government prascgibed by our Or
Esnic law. All this is tFse, yet we are not Of
lbe fsmily Of nations By political aalLnowledg-
ment Thus far all our claims have been ig-
nored as pretsnsious by the .efets Cabinets Of
Europe, and every solicitation made by represen-
tatives, who have been, perhaps, oversohcitous,
disIegarded.
il seems, however, that obssrvant eyes bave
been upon the struggle in Amsriea, and this
sction Of the capitalists-the solid men who,
after an, control The actions of empires-demon-
strates their faith in cur ultimate triumph.
Whatever political intHgues and heartless Cabi-
nets may think, and however they may scs, We
hsvs their masters with Us, at lesst to the extent
Of entertaining belief thst our future status
as q people is a forgone conclusion-that our
Ultimate position cannot be changed By either
ths result Of battles with our immediate enc.
mics, or from outside influences. They have
witnessed our ability in wArfare-they see our
capacity to be aef-Telisnt--tbey win understand
the extent Of our resources when peace shall
again orersbadow the land and they also sP-
prsciate tie fact that the world is TO a eertsin
extent dependent upon US. Hence the wiling
ness with which they rely upon our pledges,
and have embraced this first opportunity pre-
sented of testifying in a substantial manner
their faith in the pennanency Of our institutions.
The London Times. it is stated, thinks Int
little political significance attaches to the con
summation Of this negotiahon. We cannot SO
look upon IT. Even in England it must be felt
The Cabinet that has kept Us out in the cold is
not the government, or rather it Is only tempo
-ariy SO. Euglish interests win control the gov
srnmsatal policy sooner or later, and this step
Of English capitalists is an unmisiskeable evi- /
ience IS TO what those interests arc. The gov 1
eminent cannot afford to iced its poor who have 1
been made more destitute by It's ime-seEving /
policy, and at the same time disregard the in
.erests ef those upon whom II has ever had to /
rely in its numerous financial emergencies. Its /
policy win yet be controlled by other infuenees,
snd that, too, at an early day And the inau
snoe that viii ultimately rule has spoken IN
manner that cannot be misunderstood.
It would bs useless to attempt to divine the 4
purpose to which this loan viii be spplied By 4
,ur authorities. It might be imprudent to di-
vulgoi it If known. But indspendsntof Of al ma
erisl advantage It may afford Us, it has apo
itiesl Importance, as remarked, and to this only
10 we allude.
Our success in this negotiation can hardly
all 70 elicit the serious TeAectioa Of both the
var and peace parties in the North. 7. shows
hem e.ss7ly that European capitalists regard
be Coafaderacy IS fixed fact, and Il appears
o Us must exercise very great influence upon
be minds Of the Northern people. If there
sally is a peace party in that section, this sue
esg viii doubtless greatly strengthen them in
heir positions, wbils at the same time it may
ave tie effect Of stimulating the war party to
,ore vigorous action. Whatever its effects may
3 10 TIE North, ii cannot fsn 70 have a most
apOv influence ia strengthening the Conied-
rscv. and inspiring lhe hopes Of our own peo-
he. From it they viii take new courage, and
70 onward in their cause with increased resolu-
ion