Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1865-03-18
THE coNsnrtuON-sTATE RIGHTS
RICHMOND WING.
saturday Morning. MarcR IS, 1865.

Z T seems that some of our Southern exchanges
Z have been amusing themselves with specua-
tions OF foreign alliances till they derive some COM
fort rom every wag OF the Imperial bead Of France
Among the latest sensations Is the passage OF bill
IN the South Carolina Legislature which charters
company principally OF leading French capitalists,
lndef the title Of ''The Franco-Clrolina Banking
Company" This company, il is provided, shall
have cash capital OF ten millions of dollars, to be
all paid Il before commencing business nine and
half millions being reserved exclusively for the
French partners tue remaining $500, OOOto be taken
in this country The hank Is 10 be located IL
Charleston S. c., ''bIt during the raE at Paris, OF
such other place as the company NAV select Its
issue of notes. redeemable in specie at Charleston
or Paris or in exchange" GU those cities, at the
optoa OF holders Is regulated as 10 ensure CIR
Cuation az once reliable, aud II would seem, ample
fot all the demands Of trade at that point Organ
iz-d cu tas basis of the famous Crcii A5aiT OF
Paris, uades whose auspices it is supposed to be
created, this mammoth corporation is vested 10y It's
charter with all the privileges OF its great protector
being authorized TO subscribe tor or GcEtie public
funds the shares or bonds of railway, navigation,
niuinc, manufacturing OF other joint stock COM
pauies, aud To dispose OF or realize the same In
short it can rurchfe al sorts otproperty, rights,
privileges or debcutures whatsoever, aud can SELL
hypotnecate or exchange them Tor others.
TIE immense monopoly that such al institution
would enjoy the cotton trade, as well as OF ali
CtLsr agricultural and industrial resources Of the
country is at once apparent. After the prostra-
tiou OF our commercial and financial resources ma
turllly eousy4 ueut en- this immense war this intu
sion Of foreign capital and enterprise would, without
doubt, greatly rebound to the benefit of the State
OF South C1ro,aa aGI..as sac eggatry at large.
But this is not the poiut that claims the chief
place ia the minds OF our sanguine friends. The
most Important and curious speculation is TO what
ars We to Jsri5ute the desire the part OF these
great Preach fnvuciers and capitalists 70 seek
Held tor Investments aud commercial enterprise il
country that is thrateued on the one hand By sub
jugaton, and consequent destruction Gifts agrcul-
tural Industrial aud commercial resources, aud
Knocked a. the other by bogus neutrality,
which, at times LOOKS IKE a well satisfied acqui-
eseeuee in the proposed subiugatiou, Il is said
that the ena1rra.,usuts OF the Imperial treasury
render Napo.eOl, ~ certain extent, dependent on
these capitalists for. the support of his gov
erameut, AVA in this wise that the Credit Mobi-
her, Co a great degree, influences his state papers,
and ihe investments Of this great monopoly fore
shadow tle Imperial policy. Hence the inference
thst the establishments OF the 20 Franco Caroline
Bl4ti.J .gapsay" is but the precursor OF some
scr. OF alliance between France and the Southern
C,nfcdcgac5, which VIII guarantee the indepen-
deuce OF the latter. This is certainly very pleas
ant. V, think, however, there is another view OF
the question, which, il not more pleasant, is at
l,a5; more ,oasoalat with reason, more cons0nant
with ia, spirit OF southern chivalry, and more con.
Sis..ut w.ta true nlaLoni. IL is this. The BUSH
ness mgD, the thinking mea the observing men OF
France and OF all Europe have satisfied themselves
1iet Tue people OF the South mean what they say
and that obey asrsr rii D. subjugated. 1t is that
these French capitalists persuaded that We arc
not miserable poijr1ons, who viii yield our necks
L. the yoke threatened by the sneaking hypocrites
OF the North. TIE people @: Europe believe that
tlcYeop,t o. the S.nth were freemen bora, and
that they vail i've aud light aud suffer, and, il need
b., &c, as greymel IL is this that gives them
confidence In our ultimate NATIONALITY Ii is This
that induce French capt. asts to shape their sails
10 catch ~ FIRST fun breeze OF reyiYng commerce
aud call into French channels the great cotton trade
OF the South.
Ii should bc our determination 10 Justify tbi,
faith IN ocr zeal aud forti;u5e When this is done
foreign recognition, fore,zu alliance, foreign capi
tai and all other conditions and considerations that
AZ wholly foreign to u, aor, viii doF naturally
ana syl.psthe-ieally at feet.