, 1865-12-02

one set Of hcits and executors after another.
crying out Increasingly that no government
should be trusted which cannot be reached BY
any tribunal. Tue State Of Indiana has given
US cause for doubt and suspicion. L do not
refer to the temporary default IN tho payment
Of dividends, for that, I trust, will be quickly
removed, hut to much older guaranty.
When the State Was In difficulty twenty five
years ago, It induced It's creditors to accept its
State bonds for half the debt, and the untln-
ishcd canals for the other half. Now, our
grievance against Indiana Is this: Immediate
lier creditors, she granted concession for
ruilroad which seriously impaired the yalue
Of the canal, and that, mind you. without do
Inn nythins for her unfortunate stockholders.
AS long, therefore, ns these certificates arc in
existence and unpaid, Just SO long will they be
found at the bottom Of the iron safes Of Euro
pean capitalists, and acting as reminder
understands her true interests, she will put
herself in communi catiou with the newly ap~
pointed Anglo o-Anerican Committe In Lou
don, and gct the liabilities removed alto
gethcr from existence; not merely those in
which the canal debt Was made prelercn-
tial" by the cash subscription, but, likewise,
those certificates which bccamc deferred
because they were in the hands Of persons
who were too poor To subscribe more capital
10 complete the canals. These last would
then revert 10 tho State, aud, under the care
Of tho Legislature, would soon become waltz
able"
These remarks appear to me to be worth
consideration, and 1 therefore make no
apology forsubmitting them to your readers.
bers Of one family, each member may be adult,
and therefore Independent Of the Others; but
should there be q stngle delanlteE OF black
sheep among them, he would certainly prcju-
dice the rest. It Is such great wrongs as
Mississippi reputation, and IninoE "cuto"
peccadIl|oes, like 1ndlana's, which keep U. 8.
5-s0s, and other American Securities 80 low IN
our markets and It Is manifestly tho interest
ofthe other members Of tue Uniou TO exert
pressure upon defaultlng States which will in
duce them to mend their ways. wish to
sec the day when American credit shal! stand
highest on the Exchanges Of the world /; and
l believe shall not have to live much longer
to see my. wishes accomplished. We know
YOU now to be the strongest military nation
on the surface Of the globe: We arc learning
TINT your resources nrc iilimitatlc, and bo-
viii embrace a continent. Why should your
financial credit lag behind that Of less favored
patIonse This ought not TO bc. l. Is m
anomaly.
SPAIN AND CHILLI.
There Is but one opinion In political and
financial circles here In reference to the &c
tion Of Spain on the South American coast.
Iwish / could believe that opinion In the
United , States 40 WIS s ANYTHING iike Ik
designs Of Spain, particularly In regard
to Chill. You will find pretty good sa9plc
Of English feeling on tLIs question in any OF
our papers for some days past; but nothing
Ike such decided expression Of hostility as
you meet In business and private circles. An
eminent city merchant-one Of the great
guns Of the Tory party, mo1eover-said to me
would only send Porter or Farrasut to VAL
payaiso, collaz that internal Spanish Admiral
and shake the life out OF him, 5-20's would 20
up here like rocket" And he added, "1'm
| for the Monroe doctrine this once, anyhow.''
Nov this gentleman Is representative man,
to cunyass Englishmen,1 do not think you
would find q dissenticnt from his opinion.
| Our financial magnates, Liverpool men like
| Manchester men, land those two centres hate
cach other ordinarily like tho ID and holy
| water), Whlgs, Tories and Radicals the
whole "boiilngn Of Engllsnmcn N ane, hate,
ns, snd n dets p sqn and T
| We want you to take her most Chris
tEan Majesty In hand and spank her; and
We want you to do this so much, thatpf any
one oilers 10 interfere while you arc perform
! Ing the operation, think we should vote
unanimously TO .'keep the grounds for you"
| Journals {now that Earl Russell Il at the head
Of adaIrs,) the Daily Nescs, suggested, on the
| Sth Inst, that "aa the Government Of the
| United States Is cong1atu1ating itself on the
restoration OF Its Just and beneaceut fuflu-
euce on the American Continent, md has q
powerful navy at lis disposal. h.re Is q lal'e
police duty on he Pacific coast 81 South A,A<r-
iiea ,chieh i might earn great ertda 6y perform
ing. Last year the Spanish squadron made d
burglarious attempt on Peru, and, sejzing the
Guano lelands, held them until 1t had extort-
cd three million dollars under the nnme Of IN
indemnity. The experiment succeeded 60
well al Lima that 1t Is understood it will be
repeated with slight modification in Chill
The Spanish squadron Is 'loaflng' about oil
Valparaiso and Callao, while the government
| of Spain Is seriously contemplating quarrel
with the Republic. The whole civilized
world has an interest In preventing nstaguaut
and speadthrift government Ike that OF
Spain recruiting fss impoverished c1chcquer
| ties which flourish By order and industry ;
and little Monroe doctrine gently incultated
| uron Admiral rarcje and Ills employers
would be good for all parties concerned, not
excepting the Engltah merchants Trading With
| South America, whose interests suffer when
the allairs Of their customers are thrown into
| u state Of Insecurity by menace and yio-
1ence."
Meetings are being held throughout the
United kinsdnm On this subject, and deputa.
tions are sent almost daily to Earls Clarcu-
| don and Russell in regard to 1t. An ''indlg.
patton meeting" was convened at Liverpool
| yesterday, under the presidency OF Mr.. Chas.
Turner. the Tory member Of Parliament foE
South Lancashire, at which most Of the prin.
| c1pal merchants Ia the North Of Eng land were
1 present, when the following resolution was
Unanimously carried:
"Ihat the meeting, after having deltberatcd or
Wet Coast regarding the question. in diennte be-
tween The Governments Of spain and Chill. view
With snspriEe and indignation the occurrence pur'
Repuhltc, hy whieh thc tnterest of neut1ala lhe,t
greatly tnfIer; ard ase Of opinion that memorial
embc dying The te!se Of the meeting bc prepared
., depntat!on, consisting: o! tho chairman, Mr,
| HossfaB, and lIr. Gravee, tbs mcubess for the
borough, nc appointed 10 rrerens the sama''
Add to the above the information received
IN London on Wednesday last, contained In
| the following telegram from Liverpool.
1.-The action Of the Spanish Government havin.
been anticipated Ia Liverpool, The merchants con
nccted NTH the WRst coast trade, We understand.
do not consider The blockade important They be-
heve that they can casrJ out copper orc from ths
bIocGadcd ports a. wcll a. cotton has been carried
| out from the Southern during the late American
war. 1t ie, therefore, cot al all impossible thai
IRON Liverpool there may Issue as complete dtei
OF bloclnde~ruBners to run the Spanith blockade
a. there wa: 10 run that Of The United 3tases nec
| on the Southern coast
! uSASlM1rY OF THE ENGLISH PRESS on TIL
| GILLIAN QUESTION.
To show you the unanimity Of Ensllshmcr
on this question, observe the remarks Of oul
| papers on the matter. The "tory' Herald
says 'spain is becoming source Of trouble
| to Europe nnd tho world. This
Outrage upon Chilli, is really too much fol
/ the patience Of the most pacf1lc.h The lib
craln Telegraph whites: :" II blockade car
be declared ar d days notice, according te
| the good will and pleasure Of the assaElant,
! growing States will be virtually suspended y
The Daily Nt1cs says Of Spain 81 This prac.
| ticc Of ievying black mail must cease-a
word would Dc sufficient 10 stop it. =
Tie natural protector Of Chill is the Govern
| mcnt of the United States." I need 60 nc
pcrs represent every shade Of English politi
cal opinion; md they suffice to show thai
| VIC aro unanimous against Spanish buccapcer
| ing in South American matters. II you vii
1 only tnko the affair in hand, and police tha!
coast from tho Isthmus to the Horn, you viii
do Eng1lshmcn great service, and give Johl
Bull and every member Of his family thrill
of delight only to be equal!ed when they he:sl
the French have got tired Of Mexico. Really
/ vol, must try u little Monroe doctrine. YOr
hare talked about It long enough. Pray show
us what 1t mems!
| OUR RELATIONS WITH THE UNITED STATES
1t Is rather surprising how yery rapidly al
| excitement has subsidel in reference to tht
"Shenandoah" and her captain. We never
hear the case referred to NOW, either In the
press OF private circles and ercn the cores
pondence between Earl Russell, Mr.. Adams
and Secretary Seward, has lost Its interest
have never known time when everything
American has stood in such good rcpute Us a.
present; It almost looks as though magi
clans wand, some olive branch Of peace, hat
been stretched orcr~ my country during ths
past week. It Is easy to explain this happy
change in public sentiment Sir Morton pete
and his ftllow-travel1crs bare turned Johs
Bulls former opinions topsy- y-turry; andJ. .
hnving learnt what he didn't know beforc, i
going to profit BY the Instruction. - 1T
never too.latsto Mend." -
EAHt RUSSELL AND TIE CABINET,
Public curiosity has not yet been Gratifei
with information as to who will leave or en-