Her currency, which had been
long at a discount, rose in value, step by step, till it stood at par.
After seventeen years of an inconvertible currency specie payments were
resumed, without the slightest inconvenience to the commerce of the
country.
CHAPTER II.
ENGLAND AND AMERICA.
America looked to England for sympathy when the rebellion began.
England had often reproached her, often admonished her, in regard to
the question of Slavery. The war which threatened her existence was a
war waged by persons who desired to perpetuate slavery, and who feared
the growing Northern dislike to the institution. The North expected
the countenance of England in her time of trial. It was reasonable to
expect that the deep abhorrence of slavery which had long ruled in the
mind of the English people would suffice to decide that people against
the effort to establish a great independent slave-empire.
Most unfortunately, that expectation was not wholly fulfilled. The
working-men of England perceived, as by intuition, the merits of the
dispute, and gave their sympathy unhesitatingly to the North. In the
cotton-spinning districts grievous suffering was endured, because
the Northern ships shut in the cotton of the South and deprived the
mills of their accustomed supply. It was often urged that the English
Government should take measures to raise the Northern blockade. Hunger
persuades men to unwise and evil courses; but hunger itself could never
persuade the men of Lancashire to take any part against the North. So
genuine and so deep was their conviction that the Northern cause was
right.
But among the aristocratic and middle classes of England it was
different. Their sympathy was in large measure given to the South. They
were misled by certain newspapers, in which they erringly trusted. They
were misled by their admiration of a brave people struggling against
an enemy of overwhelming strength. They were misled by an unworthy
jealousy of the greatness of America. Thus unhappily influenced, they
gave their good wishes to the defenders of the slave-system. The North
felt deeply the unlooked-for repulse; and a painful alienation of
feeling resulted.
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