General Duff Green has another letter in the Times this
morning, which that journal declares to be as enigmatical as Murphy's Alma- neck. The letter is a reply to the Reverend Sydney Smith's ; and its points are three. First, if we understand him, the General contends, that as the holders of the Pennsylvania securities which pay no divi- dends could have purchased bonds purporting to pay a higher rate of interest, they cannot be so ill off as they are represented to be: and, by the by, he calls to mind that the United States have paid off the Revo- lution-debt and the last war-debt. Secondly, he maintains that Ame- rica can go to war if she chooses, and that Mr. Smith's letter will help such a power; for, (as we interpret the General,) by confirming the belief that America can obtain no credit or loan from European capitalists, it will strengthen the dislike in the United States to a National Bank, popularize the faith in Treasury notes, which are better than Bank paper, and facilitate an internal loan and taxa- tion. Thirdly, England believes America averse from the right of search through a desire to promote slavery, and that want of money and dread of a servile war alone prevent its going to war for that purpose, at the instigation of the Southern States ; whereas the claim to the Ore- gon territory, with the chance of collision from its joint occupation, is the real source of a warlike disposition, which is entertained by the Northern States: that hostile feeling and the misconception in England are both likely to be increased by Mr. Smith's letter. While throwing doubt on the accuracy of that production, the General oddly confirms one part- " 1 was told by a Parisian banker, that his London correspondent had that day inquired of him to know whether the American Government could borrow money on the Continent ; and that his answer bad been 'Not a cent.' He added, Tell your Government from me, that you have seen me, who am at the head of the monied power of Europe, and that 1 say that they cannot gobs war because they cannot borrow a dollar."
The Times assumes this stern monitor to be Baron Rothschild.
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