The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-12

paid, for it will be plain to all your
readers that there cannot be any Sc
curity better than that given by the
Government of the United States and
tie State Of Massachusetts. Why is
it then that American bonds are at so
low a figure? Is it in part because
the English people are sadly ignorant
In regard to the resources of the
United States: in part also because
they fear the country is not going to
be pacified just yet-that there are
troubles ahead; in part because they
desire to retard the advancement of
the great republic which they at one
time expected would be broken up?
Not long since | met a gentlemen
who frankly avowed that his sympa-
thies were with the South during the
var.
4" Why was it, sir, that you, an Eng
lishman, lover of liberty, sided with
slavery in that struggle?'
" Well, sir, because the South was
the weaker party, and it is natural for
an Englishman to take sides with the
weak against the strong, and besides
that, we over here thought that you
were getting too big"
suppose that you have not al
tered your opinion on the last point. y
No, sir, and England made a great
mistake in not recognizing the
South"
He was a tradesman, and was fair
representative Of many Of that class.
Do not let me be understood as say
ing that the majority of the people
are of that way of thinking. The
bone and muscle of England are with
the North, and there are thousands
who once sided with the South would
look upon any fresh outbreak as a
great calamity; but the men who
manipulate the Stock Exchange are
at heart hostile to the United States,
and are determined to do all damage
possible to American finances.
England Las faith in all her
colonies, but she cannot trust
the people Of the United States.
Canadian 6 per cent. bonds are
up to 103. Your readers are we'll
informed as. to the resources and ex-
pectations Of that country. Cape of
Good Hope, with population of
100000, OF whom only 100000 are
white, the rest Hottentots and KAT
fers, with debt of $40,000,0 600, accu-
mulated mainly since 1859, with a
deficit last year Of 100000, has a
splendid credit at the London Ex-
change. Its bonds range from 103 to
107-18 per cent. better than those of
Massachusetts,
Ceylon has population Of $780,
600 all Init IL ono of whom are ma
tives. The Governor of the island
receives a salary of $35, 600 per an
mum, the Secretary $4,000 Ordina-
riIy the revenue has been equal to the
expenses, but since 1864 there has
been a deficit. The bonded debt of
the Colony is 81, 500, 900, yet the 6 per
cent. bonds payable in 1882, are quo
ted 112-forty-four per cent. better
than the U. S. 5-20sl
New leland had a population in
1864 of $4,000. The bonded debt in
1864 was nearly $4,000, 900; in addi-
ton there was 81, 100000 debentures
afoat, besides $15,000,000 of unfund-
ed debt-a total of more than $40,
600, 600 of Indebtedness. The expense
in 1864 exceeded the revenue by
81 $50 900; since then the debt has
been largely increased, yet New Ze-
land 5 per cents. are quoted at So and
the per cents, payable IN 1891, at
1911 Poor old Massachusetts, her
credit stands higher than that of any
other American State, but IS 18 per
cent lower than New Zelandi Still
poorer is the credit of the United
States-39 per cent. lower down the
scalei
Is it because the stock iobbers of
England believe that America is
poorer than Russia, Turkey, Egypt,
Peru and New Zealand, that there is
this difference? Is it because there
is we'll founded distrust Of the integ-
rity Of the United States? We must
look farther. We shall find the cause
of this difference IN the determine,
tior of these John Bulls to keep the
u tet States saUbbed as long as pos
sib,e. Reuters kilograms always give
the worst possible construction Of
American affairs; so do the CORE
spondents and editors, with few
honorable exceptions. Money is beg
ging in London At y per cent. but
6 per cent. interest, with bonds at IS,
is no temptation to Englishmen, who
hold about fourth Of the United
States bonds abroad
have drawn these contrasts that
the attention Of the people might be
aroused and remedy devised. I'M
dou3tedly it would be blessed thing
for the United States il every bona
on this side Of the water was sent
home.
That we may not look for. The
Germans have taken American bonds
for investment, while English holders
have them for a football. 1.-THE Sec
rotary of the Treasury had authority