New-York tribune., 1869-06-17

Zion NJ bribery Wol that is only one instance ont
of many in which The Nation has contributed ma
terial for injurious comments on the country IN
,vb,cb il is published and especially on the Republ-
can party
THAT party and the cause which that party has mp
held for the last eight years has many bitter Toes
in England They have brought all kinds of charges
against the party itself and its leaders, they even
say that The Nation is a Republican journal In their
general Ignorance of American affairs, people have
believed this and of course were quite ready to be-
Heve any accusation that could be made against
cause which has to endure the Odium of being TINS
represented No doubt you Will think / waste too
much space on paper like The Nation, written by
little clique of discontented doctrinares for each
others reading. And doubt / do, judging the
paper by what harm it can do in America; but it
does enough here by the help of fictitious reputa-
ton to make it worth while to expose its dishonesty
II is on the strength OF such cayls about Mr.. Sum-
ner speech ashave appeared in that paper and in The
Nec York Times that change Of opinion is supposed
TO have occurred in America within the last month.
There are people here who believe that America al
though at first approving Mr.. Summers speech has
now been frightened ont of its too ready assent by
the clustering response from this side You Judge
whether notion so mistaken and so insulting to us
is likely to improve the relations between the two
countries And here ought TO say that the we'll
known Yankee" correspondent of an Englsh
weekly has done good service by his clear and posi-
tive statements Of the American view. Written aV
time when The Spectator is madly wrong in the mat
ter where once we thought it a friend ms letters
have been the best possible answer to such mSrepIe
sentations as l have mentioned above. am the
more happy to say this because am seldom aDle 10
nraise tbe cYankee" letters On domestic questions
they are generally rs wrong as they well can be.
Even in this letter he is found commenting to En-
plish readers one Of the most hippant and yacatng
journals in America and praising that correspondent
who is responsible for misleading the best friend we
have among English journals into hopeless confusion
on American politics.
A friend writes TO me from Frankfort ont the-Main
that the movements of American bonds have been
extraordinary in consequence of the feeling excited
by Mr. Summers speech and the furious comments
of the English press which produced almost panic
in London. A very prominent American banking
house, which has branches in London, Paris, and
elsewhere is authority for the statement that Eng
land sent ve-twenties to the Continent for sale at
the rate of from three to four millions daily The
Germans took them up without much difficulty and
will make money by the operation. Already they
are buying them back in London at higher rates,
and in Frankfort the transactions resulted in raising
the rate of exchange London to above par-bigher
than it has been known for many years. Other
bankers have estimated that United States bonds to
the full amount of thirty to forty millions of dollars
were sent from London to Frankfort alone. Beyond
all doubt the English have paid dearly for the ex-
travagant Interpretation they chose TO put recent
events G. W. s.