Black Republicanism the Dupe and Agent of British Policy in Respect to American Interest [pp. 385-393]

D E'BOW'S REVI EW.
ESTABLISHED JANUARY, 1846.
NO0VEMBER, 1867.
ART. I.-BLACK REPUBLICANISM TIIE DUPE AND AGENT OF
BRITISH POLICY IN RESPECT TO AMERICAN INTERESTS.
THERE can be no longer any doubt whatever that the En,g lishman has caught the Black-Republican Yankee, and is crush ing his vitals out of him, under the fatal deadfall of the great
Abolition trap. It must be admitted that the scheme of Negro
Emancipation in the United States is a British invention; and
it is quite certain that while the British revenues and British
commerce and manufactures have been vastly benefited, the
United States have suffered immeasurably by the practical ex ecution of the abolition programme. Seven years ago British
Consols were thought to be a first rate public security at eighty three for the hundred. They now stand within a fraction of
ninety-five, and are rapidly advancing to par value. Seven
years ago the credit of the United States was unimpeached
both at home and abroad, and was neither burdened with
mountains of debt, nor threatened with civil perils. Now, while
a tlhree pier cent. British Government bond is quoted at ninetyfive, a six per cent. bond of the United States will not command
seventy-foutr in foreign markets, and within the United States
every dollar of Government debt is at a discount of not less
than forty-five per cent. It follows from this that the foreign
and domestic credit of Great Britain is higher by more than
one hundred per cent. than that of the United States. And
just at this juncture it seems, too, that we are to be deprived
the natural advantages of possessing the broadest, finest, best
situated, and, hitherto, the most productive cotton field on the
face of the earth. As a practical proposition, it now at-pear
certain that we shall lose the command of the supply of thte Earopean cotton market, while it is even probable that we shall be
driven altogether from the 1production of cotton as a remnerative staple commodity.
When we come to consider the very important, and, in some
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