Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1867-09-30
A FoorH LID 70 AEPUBLlcAlIsM IN
EUROPE.

IA yors deposing the reighlng A'pg' an'
pr,,claiming q Republic, under the pro
tee torate Of the United States, or annex
alton 10 these States, there being reason
OF course, to hope that the latter NIGH
he easily contaminated. The time has
been when we should have passed such q
paragraph as merely sensational, and its
subject as foolish project, that no sane
man would for moment think possible
But the current OF events has OF late
taken n course that renders probable any
scheme that the Puritan spirit OF en-
croachment, acquisitiveness aud self
Importance might suggest or being
suggested, avail itself Of The accom-
plishment of this latest project of many
such, would be but an addition to the
numerous instances in the history Of ma
tons, that "guem deus vult perdsrs prius
dementaE The ruinous wars and the
terrible suffering in which England
was long involved by complications
resulting. from the continental interests
of her early monarchs, were trifies COM
pared to what would ensue from this.
She was separated from her French pos
sessions only by narrow strait we
would have between us ard and our
European state the broad Atlantic and
the whole length of the Mediterranean,
and, in the event Of conflict with the
powers that command the Straits of
Gibraltar, republicauized Greece would
be entirely isolated from her sister states
on this side of the waters. The powers
of Europe, ever jealous of republican
aggressions, would regard our taking
foothold there as inconsistent with our
long cherished Monroe doctriRe, and
would never thereafter tolerate any in
reference whatsoever on the part of this
Government with their acquisitions in
America. The recent drama in Mexico
would never be re.enacted. Anther
French or Austrian domination, If
attempted there or in South Amer
lea, would never have another
like disastrous issue. They would
no longer have coterminous
neighbor, with her powerful fleets, to
dread The means of reprisal would be |
fully in their power. The sister State
which the nation would be bound to
defend would lie in the very jaws of the
enemy. Our Government would no
longer fight at home, in defense OF her
coast, or at most venture only to risk
the power of her navy. Her honor and
her interest would alike compel her to
transport her armies, with all the means
of their subsistence, to the heart OF
Europe, to engage in a contest where
every power of the Old World would
dispute her supremacy.
Her late protracted struggle with
portion of these States, containing
small portion Of her populations
struggle in which the battle for long
time hung in even scales, and in which
we can safely assert her success was
essentially due to recruits from European
countries and the countenance of Euro
peau, governments-is a certain proof
of her inability to withstand such a con-
ties. as we have supposed.
Besides this, her new interests would be
constantly involved in the long estab'
lished system of European policy She
could never keep clear of questions in
regard to the balance of power" and
the many others whence have sprung so
many wars and political changes, and 7
which, while they turned the attention of
Europe inwardly, have not only left this
republic unipjured, but have in a great
measure advanced her material interests
and helped to build up her wonderful
prosperity.
1t can easily be foresoen that, should
the United States seriously entertain this
latest project of adding to her already
elements by embracing in her
rapacious arms province Eve thousand
miles of, containing people whose
interests, laws and language are so
variant from her own, the kings and en-
perors of the world would smile with
delight at the sign, as portentous of ruin
to blatant republicanism as the hand
writing on his palace wall was to Bel
shazzar; and for aught we know, if events
remain unchanged at home, that smile
might be reflected on this side of the
Atlantic. Puritanism may follow out her
ideas, however far, on this continent
The moment she places her foot on
European soil her peace is gone forever.
E1- The proposition to pay off the
Government bonds with greenbacks is
being discussed in a very lively manner
by the press of Ohio, and handled upon
the stump by the speakers Of the oppos-
ing factions. The two sides Of the ques-
ton, as viewed from party stand points,
are presented below. The Cincinnati
Gazette, radical, says:
The Democratic policy now is TO pay
the five twenties in greenbacks This
would require an issue Of 81, 200, 0OO, 900,
and would swell the paper currency to
81 500, 900, 600. But they do not tell US
how it is proposed, to pay off the green
L.of-. Cor,a of tbau, saw the gree "a hacks