The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-11-12
Foreign correspondence Boston Journal.
AMERICAN BONDS ABROAD.
Humiliating Position Of the United
States.
LONDON. Oct. %. 1867.

The United States 500 bonds,
which not long since stood at %, are
down to 6S-the effect of the "repu-
diatiOR talk of the Democrats and
General Butler. A further effect will
be to throw back upon America
portion of the bonds now held abroad
The correspondents of the London
press il the United States are making
the most of the talk about repudia-
ton, and constantly meet men who
believe that the bonds will all be paid
in currency. The Standard, which
IS conservative, and which has a large
circulation, loses no occasion to in
form its readers that the United
States viii be faithless to all its prom
Uses; that it will never pay It's debt;
that the prospect is for another civil
war, which will rage at the North as
well as the South. The tone Of all
the papers, with the exception Of
those who were with the North dur
Ing the war, is In the sane direction;
assertions that the country will pay
its Obligations In deprecated cur
Tency.
Singular, the consistency of these
journalist they hail with joy every sue
cess of the party which talks most of
repu liation! THE recent success of
the Democrats" says the Times, " is
sign that the country is returning to
reason" The. Tory press are rejoic-
ing over the election in Pennsylvania
aud Ohio just as they rejoiced over
Fredericksburg and Chickamuga.
They wish for the success of the
Democratic party just as they wished
fer the success of the rebels. They
would rejoice to hear that Mr.. John
son had resolved to resort to force
against Congress. They desire to de
lay as long as possible the reconstruc-
ton of the Union. They are deter
mined to do what they can to keep
American stocks depressed in the
worlds market.
The confidence of the commercial
and trading class in the future of the
United States is best seen by a COM
parison of the market price of the
bonds of different countries. The
debt of the United States in round
numbers is twenty-five hundred mil
hons-a new country-with a vitality
such as no other nation enjoys-popu-
lation increasing faster than any
other-unlimited resources paying
off her debt at a rate which will ex-
tinguish itduring the present century,
and yet the SIX per cent. bonds are
down to sixty-eight.
Turn now to Russia, which has a
population for the most part barbaric,
a standing army In time of peace of
500, 600, in time of war /, 400, 00O-re-
sources of the country undeveloped-
few railroads-slow progress In art
and industry-a debt of $1,000, 000, 600
Ground numbers), bills of credit $780,
600, 000-a bank note circulation Of
5000, 100000 with only $60,000,000 in
specie-a yearly deficit in carrying On
the Government of $50, 600, 600, which
is paid by new loans, and yet the FIVE
per cent. bonds stand at SCI There
never is any clear statement Of the
working of the Russian Treasury, its
actual condition, of expense and re-
ceipts, and all that is known is the
official budget of estimates. The
yet they put 5 per cent. Russian bonds
is per cent. above the best American
6 per centsi
Take Turkey" the played out En-.
pire the sick man so nearly
gone that all Europe is ready to ad-
minister on his estate. The empire
has a mixed population of Mussel-
mans, Greeks, Armenians, Catholics,
Jews and all sorts-a Heterogeneous
mass numbering 80 coo 600, about the
same as the United States-semi- civil
lized, ignorant, degraded-200 miles
of railroad only opened in the empire
"a standing army In time of peace of
IhTn nnn Z - 20 Esf0n 900
O00-a home debt of unknown magni-
tude-a yearly deficit in the treasury
new loans wanted all the time-the
resources OF the country swallowed
up in imperial palaces-and yet the
Turkish 6 per cent bonds Of 1854
stand at 81, and the loan Of 1862,
amounting to $40 ,00O, 0UO bearing 8
Der cent interest, is at 62l
Look at Egypt. with a population
of I've million, standing army of
l4,0W man, a navy of II armed yes
H6ls, seven Of them ships of the line
twenty seven transports In addition
Z foreign debt Of $4,000, 000-new
loans called for-and yet Egyptian 9
per cent. bonds stand at Sc or in other
words the promises of Ismail Pasha
to pay his constantly accommodating
debts arc as good il the estimation of
the English as those Of the people of
the United Statss
Peru has q population of about
three millions, foreign debt of more
than 100000, coo, she keeps uD a
standing army of 10000, her total re-
ceipts per annum are but 81, coo, 600;
and her expenses about the same,
three fou1th of the revenue is de-
rived from the sale of guano, which Is
rapidly disappearing, and yet her 5
non oaut bonds a 70 oy1Ofa1 or so ox.1