Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1872-02-28
Our Relations W tn Great Britain.

We publish an abstract Of Mr.. ladstone's
speech upon the American q Case not that
it is particularly cheerful reading, but to
show the situation from the British stand
point. 1t was semi officially announced on
the arrival of Earl Granvlle's dispatch at
Washington last Thursday, that al answer
which had been drafted would be submitted
to the Cabinet the next day, for its approval,
but the communications of Charles Francis
Adams seem to have changed the aspect #
affairs 1t was intimated that even if the
Senate should call for copy of the dispatch
and the reply, the President would not deem
it compatible with the public interest to
furnish them. But it did not appear that
those in authority had the slightest idea that
the complications which have arisen out IF
the different constructions placed upon the
Treaty Of Washington by the United States
and by Great Britain viii lengthen from
their admitted serious aspect to that Of
hostile one Sir Alexander Cockburn, the
Lord Chef Justice al England, who is the
arbitrator on the part Of Great Britain at
Geneva, L. said to have been the first dis
coverer of the so-called Objectionable feature
in the . case " of the United States, which
neither Lord Tenderden nor Sir Rounded
Palmer had egarded improper while they
began to prepare their reply George \.
Saunders, the ex-rebel, now in London, pub
fishes 4 long letter in the Times, in which he
advises the British House of Commons to
repudIate the Treaty Of Washington, as the
Senate Of the United States repudiated the
Clarendon-Jo hnson Treaty.
Whatever may be the final result, the n
mense damage already done to business, from
the disagreement and the agitation resulting
therefrom, is an item approximatins to the
Alab ana Claims. 4 London correspondent
Of the New York Tribune, as long ago as the
10th inst, wrote that paper that - ali the
American business and American enterprise
which have either their headquarters or
their agencies in London are at a complete
standstill. \ month ago they were in Il E
full tide Of activity, and there was flow OF
British capital to America, where much had
gone before it, to build our railways. and
work our mines, and enrich new states. |
need mt remind you with what brilliant
success Messrs. Jay Cooke, McCulloch i Co.
had engineered our funded loan. and the
Northern Pacific loan, and what they hoped
to do in connection with the Rothschilds,
with their gigantic joint offer to take six
hundred millions Of American securities
There were tcores Of American applications
of every sort in London for capital Not
only Jay Cooke, McColIoch 4 Co, but Others
Of the American financial houses newly
established in London, were doing pros
porous business, and daily extending their
The disagreement about the
Treaty had postponed everything. More
than one banker has said to me that the
losses already incurred on account Of this
far exceed anything VIC shall ever
get, or hoped to get, on account Of the Ala
bama claims That is no argument for
waving any Of them: but repeat it as
showing the practical way in which some
business men strike bllancc-sheet IN poll
tics and diplomacy