Newspaper of The New York Herald, February 1, 1862, Page 2

Newspaper of The New York Herald dated February 1, 1862 Page 2
Text content (automatically generated)

w HK: - 2 would bar* teemed Incredible until few week* ago that a/tor a century of International legislation marked by a gradual miligatiou of the severities of war, and an unbrokenra-owroae tn the iuiere?uof commerce, an oetenaibly omh^ed goi eminent should prosecute a war, of the original legality of u k wU grave it uUt have been entertain d on principle! tif barbarity aw! destruction, to be equalled only by the captains of piratical Junks in the Kant Indian Arobipolago. We oouleas we are iuflnitely a?Uui*hed to Sad a contemporary journal indirectly palliating the duatruction of the (>ort of Charleston by the precedent of our having proponed to siuk slilpa, in 1804, in front of the harbor of Boulogne < an it he ueces.-ary to draw out in worda the obv ?>ua distinction belu.een military and commend port.*?let net n a harbor widennt and defended for the rmpmt purpose of the < <.in/uest and subjugation of L'ngland and a harbor valuable to its ou-n country wrely in foetei my the comm ire of all the maritime nations of Furope f To block up perinauetilly the mouth of the Garonne, and to destroy thereby the port of Bordeaux, would have been the corresponding barbarity ; though it is one which no European government ever itiiagtnad. Hut for England to have destroyed the port of bouloguo in 1804, even if she had done so, would havo been simply equivalent to tho blowing up of Sebastopol by Turk.y and her Allies In 1*60. e The barbarities now perpetrated by the federal government are equally bracing the energies of the South, a.-uf r iming the Kurogan governments to a common smtim id of indi;,natim We hardly know why Europe has hitherto long eiiBerti.g than the showed towards Holland lu 1831 and 1832. Holland was never guilty of the barbarities committed by the Washington Cabinet; but AVuv - and threat Britain, as luon a* the [tig tans showed that they could hold their own, and the ir grew destructive to commerce and general security, unhesitatingly recognized the in dependence 0/ Belgium. Tht BlWluuU Iitlcely to be Challruged by K11 rope. ITrom the London I'oat (Coverument Organ) .'an. IB ] The Paris Monileur h-?s already called the attention of Europe to the " vindictive" prosecution of hostilities by the federal goveruniont of Washington, in the destruction of Charleston hai bor, which it describes as provoking feelings of " Indignation.'' It will hardly he thought that this language is loo strong, more especially since there is every reason to apprehend that the federal government contemplate similar acts of baibaious ai d permausnt de?astati<:i elsewhere. It will have bvu seeu that they have sunk whaling hulks tilled with granite, in a triple row, at the mouth of the port of Charlest?n. The reelstance which these obstructions gnust otter to tide and current will probably result iu the formation of sandbanks, which will grim as permanent and ir remediable as the natural sane banks at the mouths of many Kuropean rivers. At the present mtmient it is possible that the granite might with great labor be removed ; but in proportion to the period for which the obstacle is suffered to remain it will become tixeJ and indestructible. The great oulport 01 South Carolina may tfiereforo be thought to be as good as blotied out from the maritime emporiums of the world. We have already said that the sumo policy is likoly to be cart lid out elsewhere. Indeed, tho objec ts Involved in this act would only be rendered effectual and complete l>y its 1 general application. We must ex|*cl thai the harbor of Savannah and the communication of the Savannah river 1 with the sea will be destroyed by the same means as the I pin t of Charleston. I There can be no doubt that to carry into operation such I a policy as this would be an abuse of the rights of war ; < and there seems to be some ground to question whether it < would wA Le also 10 excetd those rights. This question, in i deed, might suggest itself, whether we considered such ' wholesale ruin in Its municipal or in Us inrornatmnal re- < lations. It is not. however, for tin to consider the muni- 1 cip&l constitution of the I cited States. It has eccn Uen doubted tohdhrr the right of declaring btoe'ead-s were with- 1 in the Presidential authority by the law of the Virion ; and 1 it might further be questioned whether the permanent destruction of harbors it not inconsistent with the ; right of the particular States in their internal rela- 1 tioaa. But these aro mutters which we con perhaps 1 but Imperfectly scrutinize in Europe. There can be 1 wo doubt, however, that the fret navigation of great I rivers, tending to pirmnote the commerce of the world, has I been a leading object of European sohci'vele. Interna- 1 tional law, Indeed, has not carried these interests to a 1 point inconsistent with the rights of belligerents. It has 1 never suffered any infraction of the law of block- 1 ade; but it has at the same time taken care i to tie'iown that law cf blockade by the mod rigorous condi- i lion.?the al'-ptr coding feature of which is, that blockades < are tw tht ir nature temporary, and net pri manent; and are I merely abnormal conditions, terminating with the re<Urralion t of peace. Now there can be no question that if Cavada f were unhappily m rebellion against this country, and we a reaolveu to destroy the navigation 01* the river St. Law- 1 reuco by slukiag ships full of granite, and by leaving it to u tidal action to do the rest of the w ark, the govornment of a the United States would iinmodiatcly resc-nt our conduct u as a violation of International law, and of compact* be- e tween us aid themselves. Neither can there be any ? doubt that they would be perfectly entitled to bold this f language. Tbs difference between the case of the St. t Lawrence and the case of the Savaunah and Alabama rivs.-f is, that the former, after traversing our own tarri 1 tory for an immense distance, has its source in Iatke 1 Outairo, the southern bank of which is in possesion of 1 the United Slates. 7V? lakes are, hotoerer, to much in 1 the nature nf i,slant waters, that it might fairly be dims t tc-l whether th y *t an original tight toccmmunii ation c with the sea. Herein, however, rests the sole difference 1 oei .veen ine p ?riK 01 me river .-i. Lawrence ana ma j ports of rivers which the povernmeui of Wash.ugton .s t apparontly threatening to destroy. c Tile rioht of navigation, in record to several of the \ groat ' irerf of Worth Am riea, hat been male during the ] ion hu?'rcd sears the ruhj?r' of esten<i-v stipulate n. The 1, MUoifmppi, which iuV"lte-tli<-p >i t of Now Orleans, will a serve as an example. B, the T e.Uy of 17tKI, undtr which c Prorve red el Canada, an ' V'/ at r <' ' f L r U> Evgianri, the right of naeiya iny th' Mi mil, pi to British t aids'*-** '' without briny t'ffdor vit , 4 .mm! if any s duty teha'-cer.'' A pa in, In li<V after iiio independence ji of the United ijtat.-s was sckaowloJgud, ;uut when u Louisiana had been ceded by France to Spain, the right of e nartgation teas again tecuT'd to this country.. The Treaty a of Uhent is silent on this question; it neither couflrins e nor resciuda the stipulation in question. We are certainly ? not prepared to advance a claim upon this ground; t although geographers might be brought forward to a' r ert that the Mississipipi has its source in the territories of the British Crown. But considering that the United t States are allowed by this country the right of navigation o on 'ho St. Lawrence, and that Mh France and ou1 fives p can point u> treaties aster,'ingfor both crmn'ris a right of t manga)it n on other dmriAin rivers, Kurope docs appear o to posses* a claim to be heard in arrest of the vindictive ii and probably irremediable blows with which the Wash- t! Ington government is threatcniog other great ports and it harbors besides Charleston. The opening of the great a rtrora of Europe by the Congress of Vienna in 1H!5 mark- u ed the province of this hemisphere in its international u principles. Th-se river* #ero declared open, not turn ply c by cora;?a. tof the nveram Powers, but fur the general e advantage of international commerce. c But apart from the ultimate results of this barbarous * policy uf the American government, the itnai"diata effect a it iil'ly to he found in the 'H-pori'ion of entry ftaq to chatlenge tht Uotlcade. "Blockade/," at we hare mid, can exist only under ike effective tupernivm of beViycr,v' eruitert, c eutoellatby their mere pretence. Now, the objeci. of lire destruction of Charleston la confessedly to atone far the inefficiency rf the IMcknd', and perhaps for the total departure or the cruisers. It is certain that there < an be no legal "blockade" by sunken .ship# and stones. IrUrnalt' law bis placed the most rigorous icstriCions 10 the way of interference with the interosU ol' commjr-e. blockades in this nature permanent do nut exist in taw, although a liariior may be blocked tip and destroyed in fact. Meanwhile we perceive that a bill has been brought into tbe Washington Car.g-e<ut authorising ilia Pre:-idoiit to abolish barouia by municipal law. ar.d a > to tako tbetn out of the re*<bnf the l.?w of nations ac l the accepted maritime usage of tbc world. We never yet knew that municipal law was stronger than international law. What may be the fate of this niiaswre we foretell, but it near* a sti iking resembiuuoe to tbe barbarous po'ley of the oxecutive government, which it /Mint) Kuropt with an in-Ugoa'ian that the Moniltur by wo mean.' exagge.-Ues, end uairA, if it be -nrriet into turn' pr-jr'b e itlory the road of the confederacy, tct'U ryudia!t the Uar'ing yrintijAet of dtHitation. l<oolc on This Picfnre. THK STONZ BLOCKAPKS OV KNX1LANP. [From (Jaligt.ani's Mi -eengcr, Jan. 17.] In reply to the eia.eut article in the louden Time*, on tbe biockads of Charleston, ws have Uio twofoliowirg let tors:? jtiR?Tbe Timet of Saturday last, in an elaborate article on tbc uestr iction of tho port of Charleston by sinking hu ks tilled with blocks of granite on the bar, proceeds to cbaige it exclusively on the ferocity and rludirtivencss of the American cbaiacter, confidently demanding, '' Wncu bus sccli an act been perpetrated by any Kiiropein Tower''" to which tbe editor evi'lingly replica, ' Ibis savace innor Alton has been left to republicans of our own day." ()n reading this inwarran'ibla a<dtertion I felt that no amount of patriotism could justify the supj r*s stori of a public d?n 1 of tbe u'emcut. Thh deed of it* kind. J'arMtlal Rngland ?e the atrocioi i example. On th* avacoumn of lU? city and port of AUixatiri'ia, nod ambarkatioa of the tro >|.?, in JHo:. >i? laden with tUrn** uxrt ffcrti in 0* mirrvw j mnor'.* tehich n<>r $,putrfron, Hv/irr fW command '/ .tdmir.U LnA*. htxrt entered, and Uun nn Itt!, oonWudiny that it >c,u it be lh'last nc-Uaf any v?ei;>"m 'he port?errotieo'tgly. howevr, it* it liiui a-ibaequently appeared. 1 enclose mv card, nod remain 4k, R.N. lit* ottoar inatanee la eontfiinr'l in a letter front U?r4 Kobart to Sir A. H. llamtnrnd. Ccmtrullar of tbo Navy MOffr ?tc*rr. Dowirora Srwmr, F*b. 9,1*04. 1 It being thought adviublo, under tht praeenl eiruim atanca* of the war, that no attempt should bo mart* for oarryag Into exaoutton lli* project a lggettod In tli* en cloard papor for ehahing mp the tnirrnc itdn tho harhnr of U ntilfm; and th# eu<-ce ?of inch an anUrprlt* da pending m a groat mcasur* upon the secrecy and despatch with which the pra|?rattoua may ha tnada, I Itav* tba King* oominanda to signify to you that you talc* thaaa praparationa undar your immediate control, and that you eommunii-*te confidentially with Mr , supplying h,m with ituhfun(Uar?i yi -uiy Aim wrmmrm iwr m WW., ?? "? ?ni'?rv>l? wblrh you may ju tge okwwjt fbr accompllahing theobie.t in new. At eoon u tha reeseta ah*;i 'to aufflctattiy laleo, you wlli tin Inatrucito.ia that tbay abnuW |?T'" eed trllb a.l pcaelbie xp*l"">u 10 ,tM Down#, wberu lurtaer ordsia mil proceed from J?r?l Keith. HOBABT. *;?!9iTICN CF THt UNION TREASURY. r 1 n^iKli View of Mr. Chaic'i PlAM of Finance. fFrom ?K' L< ndon Times, Jan t?.l I -r th. intluenca ?f political chloroform tha Amerlt.-n outer Ing ni?n a stage familiar In tha biatorr of , na Tne associated bauka cf new tk Boatrn a.ii I'b II ad ell bin. and, h a matUr of eoui.o iba i (or 1 treasury an I all tba bsoka in tha N rthern r l.-veauepandodr-wh payment Thy i,.u?taken < tli' r ;> in a moat balmy nm otia loiiaratr of it* mean i > ' iiteeitable retin a. livla'id, never war. a ran y n I ?;oapti'0?1 rr eedli g done \ ,ru<h , i .-aad order, With ?or.U tender eonmderet'nn for ' i .all j* i-ia?In faror of cash payment wan rnn to. cifwafew daja?or .h so airong a p-?- n vu : I NJ that ll:? difficulty would soon be over. The bank*. we are gravely told, have prudently couie to tint resolution before they had quite emptied their tills. I hey are ready to give gold to such of their country customers a- rally require it. They compute thai there must be $--'n<>,ObO,OOU son,ewhere in the loyal Stall*; lU" e u> still ulooey coining from Knginnd, aud a taxation of f200 ooo.obo a year, or ?40,000 Out) of our nanny, will both carry ou the war, make note* negotiable, and suataiu the value ot pat?r thut has to ruu for twenty years. It would appear that then# reasons ate g netally accepted?at Wast, thut they were at the last date, for the premium required for gold ?as atill Inoonsidetvblo, and tueru was i:<dbing at all approaching to a pauii .tiuong the American* 1 lieinse! ves there war still i.rrat court detue. 'l'ne only treachery was ou the part of t he British at.d other foreigners, who were said to be, as usual, behaving very ill. Agents for Kngllsli corporations were iu New York disixi?ing of American .securities on any term*, and thus lending an evil countenance to the Southern coufcdtracy. Many uiiilious if dollars worc.-atdlobe pissing the border, not only in exc! uugc for smuggled Enuiish g ods, bat also because tliero ?uu s meu so uu, a trhdic us to think dollars safer any" here than iu the I'niicil States. Notwithstanding these mischievous attempts to damage the federal credit, no doubt was enter laii.ed that in a very few in, uths af.or the new taxation had been In full p ay the federal government would ilud itself paying its way through u'1 its difficulties, and thus offering ti splendid contra t to the Confederate cat se, which was assumed to be iu a state tf hope'.oss insolvency . Is it really our duty to dispel so pleasant an illusion? We might as well read a chapter froin Sir W. Hold s -'law of Storms" to the next soulhwester as offer any financial consideration* to the Americans with the hopo of a practical result. But we m< st tell at loast our own countryman what this means. The Are dollar notes nowissued by the L ulled Mates Treasury and the Northern hunks instead of the gold are merely promises to pay that nun is soon as convenient after the of the war. The value of such promise* depends on a great variety of coniulerations, atid ranges accdrdingly from par to 7,crn. H'/i n we mUlituled them fur pold, in Uu year 1797, we ve.e at war with a tieiakbor dioidadfrom i # by a narrow but boistnous strait, haonu) onrselvs a itut prep-owl: r 'tire of naval jh?w, on t hiving also the beil port of Eur. pe tm our tide. The Parliamentary session hail opened with the promise of negotiati.n and a pr spcct of l?aoo. Thero w is no apprehension of danger to thU country, and we were only carrying on the war in tho m.-rast philanthropy?for the suiko of the Christian .no! civil.zed world, one thing was very cloir?'hit a.y day wa pleased we might retire out of lite quarrel, with the British dominions, the British constitution, the British commerce, tho Brilt-h revenue wholly uninjured, and no loss, except some sentimental damage to our exalted character? just a ront in tho Br.tisli Da?. A war that we could tor minato auy day ai the sacrifice of ? few Ids words and a shred of bunting need ri t he a long one, and John Bull was much too wise to bu always grasping at a shadow Hut in th' EWtruaty ?f that year we sutpmd*l roth j ay inert*, ant did not return to U fur twenty years. Before that day gold had risen to forty or lirty i>or cent pre miutn, an.i guineas were only to be found in cabinets and old stockings. It cannot b?said that at any time the war was a matter of absolute necessity to the nation, as wo rould have made (Hjaco at any tuoinont without the sacrilice of an acre, one military post, one institution or one person in tbes isles. Vet so obst inately did we onlond for the of Euro|*i and the world from the disturber if th*public peace, that wo Went up the war for a quarter if a century; and such was the confidence in our ubsti jacy tliat t ill the < ud of the war the "promise to pay" was always much below par, and great indeed wore tho . enmirrcial difficulties and distresses involved in that icprecialion, and the conse piont dual rebound. A couipai ison of England in 179" wilh the Northern States of America in 186- cannot be considered favorable to the latter. It is by no means plain that the Cabinet o." Washington wa'U be a! Ic to make peat* without reriout torn onmU- - and lesser, h may hare to yxve up much more th in he Southern stout. It may have to make terms with its D'.vn army as well as that of the foe. The United States ire not a lax paying country. Their high tar Ida con r?ss to the extreme difficulty of direct taxation, particularly for federal purposes. Half the American taxjay?rs live in regions just reclaimed from the forest, and sprinkled ever wilh settlement*. The great Slate of fill ici?, whn-h may be said (o occupy a raid-rank between Hew Kngard mid the Jfnr West, has hitherto paid in ad ibout ?103.(00 hi taxes, and of this the railway has paid rOA Attft Thu vi?M r%f in AmnricAn Incnmn Tut !? MtitnateU from the fart that even rent there has always >#eu resented as a sort of tribute, and? therefore a symml of degradation. Waal security is there here for th > ulnre payfiout of the debts likely to be iacurred undei at expenditure of a hundred millions sterling a year.' 'hat rate in not likely to be diminished or even brought inder oontrol. All the preen are open mouthed against u army of jobbers and spoc.ulators who are said to be unking their fortunes by the rulu ot their couutry. They -xclaim with c >t less violence against the laxity with vhich almost anyi>ody, anywhere, at the head of a ew thousand men", is permitted to pledge the credit of he treasury. M-anwtuIo, an army of contractors are lamoriig tor payment, and justly observe that the sol liers and oillcers get all the ready money, while they aho supply the mate-ial for the war are unpaid. They a-ill now have to take payment iu paper, whatever its raluo. There will still b" those who will be :n a c.mdiioa to refuse paper, and who will have specie in the or iinary coutse <?f trade. They uro'ilie fore gn merchant Hid manufacturer. Not one five dollar note will cross the ttlantic Styx to these happier realms, unlest to amuse .he curious or attract the j>a senger to the shop window >f a CUany de Munwie. There is not a circumstance in rhich America of 1S02 can be compared with I nglivid of . "97, and, if .ho British ins dveucy of which wo have a(?!y bcou reminded l.vded twenty years, we may wol! i->k when it will terminate in a redemption of very bit if paper in the States. Wbea an inconvertible paper currency Is once substiuted for gold, It becomes the btu e < f the winds Unoucial yttem, and its rising or falling value affects every tlxod iaymeni, whether public or private Two', mlnr ) ill r?> i ilh the pr *p*ru if mm, and fall u taey ret v)e from fh' je. The defeat which throws the cause on its defence, iud the victory which encourages it to perseverance, are Kpially fatal to the ho|>es of an early peace. M'-n may be aiigiiine or may despond, but it is the probable do at,on >f the war and the extent of the expenditure that will u!e the value of the dollar note. Who shall pretend to ay how lug the war will last "t The (.oufedoi al, have >ecn over and over again pronounced to be so bankrupt <t means as to be incapable of further exertion to any Mm pose, but the prediction has boon repeated t> o often o be ho .-tied; and whatever the value oi the do .tltory pcra'ions on tue coast, the federals And an oi ^anlaed. stronchcd and well supplied force wherever they push ( beir recoanoiss?nc s south of the Potomac. If ikt war r KjJrto Iti# eetn rcr uvger, what ml. /.. ? rt/we n' pmaiisr to pay :v\ir\ will iwt bt redeemmi till a proper intrral oft. r that year? Wa do not rxpnct t<> ho listened > across ilio Atlantic, but we think we ace in this finan ial cat istropte a b ginning of tbeend. With twustho xpondilure of our war, the government U Washington atinot r?i8" half our revenue by taxation. Let that peak for itself. To ut it epr tks of either bankruptcy ,ud disorder, or tha expedient of a Kuropeen arbitral ion. [From the Louden i'ost (government organ), Jan. 18. | With money In the exchequer the government has dodared it-?lf tn-mlvan', and fondly imagines that it ia in a jcttar position than if it had maintained iu credit till it >ad spent its last dollar. Tha fallacy of auch a supponiciD graM t>e .xppar nt to all. Tha federal government I* Indeed tinforlut ate in rot xwseirhng a minister capable 01 giappling with tin- pro nt exigency, or a Ooogree.- willing a id able to provide he only means by which tbenal ioual credit can be .tpbeM. f tha enunciatlen of ir.ccntrove tiblc dogma* aflbrds evlleuce of f)oan< U1 vWill it would have bean impossible to ave selected a Secretary to the Treasury more able than Mr. Cbaee. Can anything bo sounder than the xdtcy which he Indicates, and which has elicited to on h * mira'ion at Kew Yorkt Let tha cotuitiy ire taxed, he propooea, to an extent antTIci -nt t> pair the internet on tha debt contracted, to establish a -inking fend, and to pay the current expenses of the govei nirwnt. Very prerl ott %<. ? thi. it, no Hnuh>. anil if tivai followed we tkoo-ld hear nothing a out Ikt tm pe. iiieW of tporie Jicvi.ienfr, rnd foreign rt%pitali.U inoi/.'d hr tmgerhi pur hat!tip fed- ml t .?rj in. But Mr. Chase, tin fortunately, has not told Ins countryman how the happy I'cntumniati >n is to be effected Tell a man who la lit ilifllc'ilues that the best Uiing ho ran do is to provide money for tbc poymer.t of his rent a;rl weekly lulls, to istis'y the arrriiiiig Inter t on hi* debts, and to aatHy In ful; the more pressingOf his erelito *, and lie wl I, loubti?*s,n<in?ii the soundness of tho advire, but ran caroely feel benefitted unierg ih' mesne of pursuing tl.e course indicated are placed within I'U p >wer. Vow, the inesns by which the federal government -Inuid nay 'heir vav and at lbs aims lima lichteu tlie load ihej are preparing for the hack* of pn*terlt>*, Mr. <ha?< b?* failed ?to devise Hi? rerjnirements for tha currant yer <-xcc .1 one hundre I millions et -fling. His cu.-tt.ima will not throw six inilliors irto iba Exchequer. Of tha taxation which is to psjr the intareet on the d-bt and to create tic sinking fund, we have hoard nothing as yet. The Congress, what her from lu mah llty to reall/r the ait-stlon in winch tha country is placed, or from not being habituated to Impose ta^s-', rfrora a ooaaeloupaees that if they do Hn;oa- them they are not likely to lie paid, baa bilberio ninnituated ? singular dialLC laatlon 10 rote the necessary supples. The New York pre*# com; lama that although moneyed men are anvlous to bear the bur len or the war, the Congre-a tails to devise the nesrs by which ita intesthDs nr* to be carried nto effect. Tha Oommtltce of Ways and M-aua shich haa been appointed by Cucgrivw differs am Ira y m ita oompcal'hm fi*-in similar committee* bare, which, in fact, are formed of the entire House of Coin more. The committee at Washington is composed of inlividualaeupoeed to poeseee financial talent or experience, lu the present instance, howervor, it would seem thai ita member* have baen III stvaeo. Mr. Stevens, Ita chalrmi. though wall informed of the dlertisel'-na^in the tariff which took place a quarter of a century since, . by no means versed in linearis! science. Bad enough as this Is in an assembly wher# tha f?erretary of the Treasury baa no voice, it M r ndered at ill worse by the fact that Mr. Stevens and tha Secretary are r.ot personally on ft deadly tar m? Never was a greater act of folly commit iv viirj nu'ni hi ujKir c'n-'l.l'Htuii, ma ciUMni of tha =tataa iuni*t?4 on excluding Itaiir miniatara from Congraxa. On two oct-ano* of lata thafadaral Sue* bnf* ?u(f >r? I sxTKMialy fiora ta ? prorUiiim. Whan It wax tnown at Waablngt u Knglxrd would demand tb* aorrawfor of tin aaptnrad commlMkw*ra Cosgrafa wxx id mhIoi Had a rrxponxib'o mlolatar bxxo praaaat hx might ha?a t>aan q?iaxtlon?d roaoecling *ha tut?nt1> nx r>f tii* gnvaruro'nt, and a long sttxt*r?? nava baea obvla tad. Kow, again, If tiia Mlnlxter of Finanro v,? a inambor of Congrexx, ba night naaxibly urge It to taka notiva m**rtirax, inxiaad of coatantlng bimxeif with expounding barran ibanrlna. Erary nation hax lha right of xalecling l.x own form of govarnmmt; hut thai of the VM?d Iticdei Mlmil to Hi to hair Irffi tutjrii iifily for the fair tit of v ihnl and not fvr tho.t dark tcmptdt which han cfUMt. awtilai IV rtjmWc TNI BLOCKADE OF THE NASHVILLE. run Tuxfl'ora Mnkax Another Run and fteturna lo Her PxM. ISoutht uts ton (dan. 101 o??n aapon lanco of London i Tlmna.1 I m dKaevored rextarday ai-mlng that the T.isea- i i a 11.4*1 ag'.'.a 1-ft bar mooring* and gona ?:o/to tha *i if. 8h<' aaoh'irad for tha night, I' li und rxto-.d, off ( SW 10KK HERALD, SAT I-epo.mat outside f'alshot Caalle One of our Southampton pilots, who rauie in from the Channel to da*, retorts thai at seven o'clock thia oioruiua he passed in* Tuscarora steaming out through the Needle*. Of course, all aorta of rumors were so n afloat as to h*r intentions in making off, hut the) were all But at real by In* sloop returning to the river, and taking up.her moorings again ilna.afternoon, between two and three o'clock. The Naaiiville. u is rumored, has been sold, and become tne proi>ert> of 1 gltsh owners, but the Confederate ling and the pennant are still fl> ing from the ship THE PRIVATEER SUMTER. Letter from C?pt. Stmmea-Hli Opinion of Secretary Wellee. TO THK EDI run OF TI1E LONDON TIMES. Permit me, through tlie medium of your columns, to aay a word to the civilized world, in defence of my ship, against the scurrilous and cowardly attack made upon her bv Mr. Gideon We leg, who is just now the Secretury of the Navy of the \?rthern fragment of what uns formerly A wnon as the Vnited Statu of America. That gentleman (for by courtesy 1 must call him such, from the high o(ttcial pneition wh rh ho occupies), used tha following language in his recent annual report to the Proaldeut and j^ongress of what remains of the old confederacy:? It was natural (hat apprehensions should prevail in i-egard to armed on.leers commissioned expressly by the rebel leaders to depredate upon our commerce. Tint robbery of merchant* and others engaged in peaceful and lawful pursuits by ptr meal cruisers Is not inconsistent with Uic general runduct of those w b? have violated law and mora! obligations to gratify inordinate ambition. Our extended commerce present. .1 indoronietit* for piratical warfare, yet but few of our misguided counirymeu have proatituled themselves to the purpose* of plunder, though thereto invited, aud these few have lieen in constant flight to escape the avenging power of our vlgiiant uatal forces. Such or these cruisers as eluded the blockade ami capture were soon wrecked, besrhed or attuk. with 'he exception of one, the steamer Smoker, whtcn by some fatality a as permitted to pass the Brooklyn, then blockading one of the passes of the Mississippi, and altera brief au l feeble chase by the latter, was allowed to proceed on her piratical voyage. An in .ustigailon of this whole occurrence v as ordered by the department. Soon the Niagara and the T-iwhatau, from the Gulf squadron, followed iu v I vor on* pursuit, the latter, (hough long in commission, and with defective boilers and machinery, under bor energetic commander, tracking the piratical trait as far as Maratiham. The Keystone Stale, Kiehutoud, Iroquois and San Jacinto were also in search of her at different points anil periods. Although u piratical rover, without license from any leoognired or acknowledged government, and avowedly rugag"d in tiie robh?ry and plunder of or citizens, 1 regret to say tills vessel h is h -en receive 1 and her wa its supplied, amwus' Ibe remoEstraaoe of oar aopsuts, by pabifo authorities m many foreign ports where her character v as weli known. The el' g ng paragraph of 'he above elegant extract from an American State paper would seem to show that, although it was penned ostensibly against myself, it, in fact, levelled at those European Pouters whirh had arA-i/m'ted'?*< the pvr terate Statet ti be a lawful belligerent in the war ivhttii la i been forced tspm them. On no other supposition could it charge me with "robbery" on the high sons, and with being a "piratical rover." A pirsio ig kos'is hvmani generis, and may be seized and summarily dealt with by any and all the nations of the earth; but tl"> fact is, '.hero nflicers of the defunct federal I'ttion arp bo blinded by their venom against the South that they hn\ e no longer me power to distinguish between term Mr Well a, u.l<o, in imitation of the dirly an t memtariime press of the Yankee States, calls m a privateer. He knows hotter than this. Ho kti w.s that a privaiocr ig a vessel that bears a loi ter of marque, aud that I inn cruising uu ler no surh letter, lie knows that I have bcon rogularly commissioned as a ship of war of the lion(Vd.'fafo Sfjitfd If hfi ?n<l hid fhtlnd.ui inqlol un. oncalling the citizens of the Confederate State* robe!*, uior the idea tun! those States stilt form a part o the old Yankee concern, theu ho might charncierlzj mo as a rebel tnan-of war. But if 1 am this, so were all the ships of the Arnoric in colonies commissioned by the Virginian George Washington. Mr. Welles tells the President and Congress : Lett, by "some fatality, ' I ran the blockade of New Orleans, and that ho had ordered tho whole affair to be investigated. With the blind rage of a bailled madnviu (7Oeut tmll i>erdtrt, A"'..,) he will, no doubt, endnvoi to crush the harmless and Inoffensive c mmandar of tho Brooklyn, who, poor man, no doubt rfi this best. He lays, aAo, that he has hod sis of his largest and fastest steamer - in pursuit of me, and that the commander of one of them was so energetical to perform tho wonderful ieat of track lug me as far as Marauhatn, in Brazil. This, I suppose, is one of thoee daring act*?the officer being la command of a heavy frigate?which railed forth tho panegyric of the Yankee Navy which we liud in a subsequent part of Mr. Welles* report; for, after praising his clerks this officer goes on to remark?"to the patriotic officers or the navy, and the brave men who, in various scenes of naval action, h*vo served under them, the department and the government Justly owe an acknowledgemeut even more earnest and emphatic," than thau thai which thay owe to his cierksl Oh, for a James to portray those "scenes of naval action," confined to a predatory war'tre on the Potomac rivor, directed cbiotly against women and ckildron; to the capture of a sandbag battery at Hatteras; to the masterly -movement of the great impont, the "great* si u tval coramauderof the age" in Yankoohvperbole, who not only knows how to use guntHiwdor, but, with Yankee thrift, to turn and honost penny by selling it to the government; ami to the purs lit of the piratical Sumter, awuy ever so far, evon to tho shores of Brazil,1!; thn galls-it Pw-ter. who probably for tuis feat?so little material has Mr. Welles for heroe*? will be made a "fbg officer." I foel houoiod to have been thus pursue! by six iriga?ep, ou t if one of them ' <*>lgUL OIWVMI*- OlMVU BU'-I .^llUUil IliSlVnO Ul CJlCllmg me, why is John Bull's aifoir ana not mine. But I am flfsinjc from these ships, says Mr. Welles. Soft. Mr. W -lies! He would have me, I suppose, fun into the Yankee trap ho has set for me, and rush to the encounter of his six frigates, the least of which is twice my size sad of m.>ro than twico my woight of m.tal. He dares not send a ship of equal force t > meet me, and if he did dare do so, baing safely ensconcad himself in his armchair, I venture tu say that the officer would not iU-o to tind me. Hut I have to inform Mr. Wollrs thrt by " some fatality" I have run another blockado. I have recently steamed out of the port of St. Pierre, iu the tstaud of Martinique, jo the face of one of the fo.< test and f.nest 01 his Yankee ships, the Iroquois, and which is mors tlu-\ twice my force. I or Captain P.ilmnr I fear that he too wIII he immolated nu me altar of tho " universal Yanked naiioti," lieciuse he did not catch theSumtor. though from all we can lecrn ho bad tils on the occasion. This honorable captain is Indeed a flt reprosi'ntat eof tho houor of Yankee doodledom, for ha violated tho sovereignty of France and his own solemn pledge at the same time, given to tho commanding French naval officer present, by causing blue lights i brought all the way, uo doubt, from New London Connecticut) to be bunted on board a Yankee schooner in the harbor, to mgniu to him tuy departure. But I only allude to this en pazsamt. as Fi snco is abundantly ible to take care i f her wn honor? If the univorsal Yaukoe nation Cau whip a'l creation. When Mr. Welles learns, two. lliaton my way hither 1 burned three more Yankee suits an l liberated a fourth only because she had an r-ngiUh cargo on board, be will probably scud six more of his doughty war ships after me?thai Is to say, it he cau spare them front burning corn cribs and [Tightening women and children along our .southern coam. lie will lake especial cars, too, to put plenty of meu and geaa on board of th un, for otherw iso 1 might not be in "such constant tlight to escape the avenging power of our vigilant naval forces." A word or tw i more and I shall have dono. What can wise Mr. Wei s mean wheu ho obioc-s to ths "robbery of merch icts and uihcra engaged in peaceful commerce ami lawful pursuits?" Dqes he not know tint all property, with rare exceptions, captured on the high sojs, is property belonging to "m<rcbantsand others engaged in peaci-lul commerce and law- | fu! porsnill?" Why this SCl/S'dcstt diatribe, th''n,nb..l robbety, and piracy, and private property, and peaceful commerce, and lawful pursuits.' if Mr. W. tlos would give nut aa opt rtuuity of en; tut ing s< me of hi* public proporty I w ju.d be nc:cb obitgi d to him. H it ho takes very g<vd care not to il? ibis by sending his heaviest ships after me; have the Yankee naval officers in these " soeueaof naval action" in which they hive distinguished t "tri' elves lefraiued f. otn the capture of prlvate property' 1 saw rereiilly In a Yankee paiwr nn accoont of a wo id siooj>?that ,s a sloop loaded with firewood?having been " most gallantly" captured and viirnt, in* utii'jr ny, on in i uuimar, una a numb"'" or

other mu II craft. belongingto lb rv or peoplo along the toilet, have :>eea captured from time to I ims, a;?t a?ttl to Yankeedom Cor adjudication. fcveu fkhei men have been subjected to the wnw fate?a i la*s < ** opted by alt civilized ftit t auppoer It is ouiy wl.en the vanso! it a One ship of 1,<HW leu. belongs to a Yankee, and is captured by the Sumter, that the projierty becomes private! Astute Jl' Welles! Tbo tact u, that this Northern horde of the Alant, which W bearing down i pon the *mmy fields of the South, In imitation of their an i tit prolotytier, Ias (while Mr. is ting,ug tins hypocritical song) eat ail the rules of civilized waifare at ctotl iocs, and c ipture* private prn|ierty 1 rt the land ne wrll as on the .ova. The gallant D i|>ont fa il It is unscrtip'tloua hand* upon all tha cotton he could at lleatitort?a few hales only.aa It hap|>etied? aud, llist and '.sat, many brilliant acJtier omenta In tha way of stealing negroes and robbing and burning private residences havo l ean accompl.ahcd by tl eso NurtlinKU amid the "various scenes of naval ac.ien' In wbl? h lb,-; hove flourished. Hot I grow tired of tha oubject, and I fear I have already trespassed too much upon your space and patience. I am reminded, too, of tha old ad ige. that "Ho who meddles with pitch shall he defiled," and ao I will take .cava ot Mr. ot faon Welles and his acui r >us report. K. BEMMES.Oou inan l r confederate States Navy. CoxFttftaTi Srrna Meamih Strut*, Cams, Jan. 9. natiiTiors from thr ttnnal craft. A telegraphic despatch from, of 16th nit., stales that n of the crow of the inter have deserted THE St MTEB AT U'MALTAR. Madrid, Jan 19,1MJ. The Sumter been ordered by tha Spanish govern menl to leave Cadis, and *),< bee gone to Gibraltar. The War Preparations In Kngland. [Msl'-S (J$n. 11) oorreepomlem e of London Times.] Tin Intelligence f the decision of the Washington i 'shine l to five ap Messrs. Slldell and Mason was received hem on the 9th lost. Her Majesty's screw frifate Ports. M, faptatn Sir K. L. Mel Unlock, which left, thl* lor Otbralteron the TOth nit., has been ordered back at once. The I/mdoo, 90, Commander t. Himiiton, arrived hire frem Corfu on the 9th Inet., iu tire days, under sell. 6he was to h?ve proceeded to Gibraltar, but will now remain here fer the prosent. [From the I/tndcn Timet,.Tan. 10.1 The Iron steamer Oeience, 18, iMX) hurts power, Captain R. A. Powell, C. P . was yesterday removed from' her berth .alongside the floating shears at (. hat'iam haibor, anil towed lower down the river Ij Folly Point, where <be i w'll remain to complete flt'lngr. llrr destination It n?t yet. known, but It is probable she will be sent ou a ihurt en"*?totbe Meditcrreiiean, or s mo other less distant t th-rttea' lny and eallinf powers, and to ' r h*i r !n n file. On her n turn "he Is lively to pro ' 'J to iclifoi i Adc Milne's sqnadrc i on the North AinSiieaB Ma! If r il t*s e-e ill r ed wi:li ? ku.eti, )i . i Cm im - < * d.tlou ah". I h> t tin wh < ' the hands, there m .1 remains ?i . riineaun. i ! <; wo-klu i o -i.ipi ol. IVryi'i, he l inden T"uee, .'sj> 18.] | T'.1> pre, . . U . ?J ?l I l" i , ol wm fo I North ' .I. i ? 1 | WoolwlCt v t i ' >" ?' r URDAY, FEBRUARY" 1, 18 I > e screw steam transport Syrian, Oapt. Wiggins, Laden | w th 1.200 tons ol sh"t, shell, aud other heavy strea, I Is l (he KoyaJ Arsenal pier, and was towe l down to | Creeiituthe to be a4j i*ied for ?<>a. The Parthenon,rapt. Kobinson. freighted likewise with heavy war stores of a similar description for Jamaica, yesterday hove off to the buoy, to take iu her coals aud water in preparation for departure Orders have beou received at the Royal laboratory at Woolwich for the manufacture of 2,OOO.uOO Minle bullets per week, to bo couiinued uutil further orders. An additional number of boys aud girls have been instructed, under the superintendence of Mr. T<>zer, in the careful method of Ailing cartridges, so as to hold that number of ball cartridges in readiness for trans|>ort per week. The testing of 100-pounder Armstrong guns, at the Royal Arsenal proof bollcoutimies during the entire day, until aorne time after sunset, iu order t > s pply the whole of our colonial possessions and the shipping with that formi 'able weapon as early as may be THR WAlUtlOK NOT ORDERED TO NORTH AMERICA. In rdgard to the re Oct that the colebratel frigate War nor was to Join the No tb American Aeet, it is explained that the Warrior was sbuut to ombirk supernumeraries for the Meditwirauoan and Wost India stations, aud convey them to l.i.shon. On arriving there she will transfer th?.-,e for the North American and West India squadron to the Edgar, which would sail immediately afterwards to join the squadron of Admiral Milne, while the Warrior would await further tnstrustions at l.isbon. The ships-of-war which had assembled at Gibraltar were expected to he ordered hock to UalU. The Reception of Mason and Stldell. Paris, Jan. 19, 1862. The Rasps, in announcing that Messrs. Mason and Slidell are expected to arrive shortly at Havre, says that no obstacle will be offered to the fulfilment of their mission to Franca and England. The Plenipotentiaries yf the South will be allowed to plead for the recognition of the South. The Prtue says that tho Fronch government will not revive hi cent. Mason and Slidcll, nor any other Southern Commissioners. THE FEELINQ IN FRANCE. Jfo Hone of Recognition for SloweUolrlers. [From the Kerus iles Deux Modes (political article) of Jan. 14.] England and Franco, if thoy respect tho principles which (lohonor to their jsilicy and their real Interests, should dosiro but ouo thing--the. speesly close of <. i revoInti nary c ndilion of the United States. It U clear that the most just, the most natural and the m'?st efllraciotm means of putting an end to the struggle is to leave to tho North its freedom of action, and not to encourage the South in its resistance by allowing it to Mine that it ran bring to iti defence the gr-iat Kuropean I'osoert. Tho insurrection end the separation of tho South h ive a motive which i repugnant to liheial Europe; that niitioe is the maintenance of SM.TKTIJ II.< a (*r?w?rm ln?l(U(li/ri. iu vuia vtiv states h?v? counted u|H>n a European interest?tho cotton luterest?and the failure of the raw material. In a political poiul of vie*, ilie secession was a speculation in coitou. Europe. must prove to the South that the rpeculatum i.i a hail one and cannot succeed. Iu tho No th the Union reruaini ig compact and strong, tlie .Southern confederate u maintaining slavery and holding possession of the outlets ou the We.-t l>y the mouth of tho Mississippi, pone.- is uot possible between these two separated States. How could England and France ailow themselves to be druggod into an interminable war iu order to obtain ono year's cotton crop? But, if the actual necessities of a brunch of their industry blinded tbem to an unjust policy, they would still expose themseives to sacriflco the peruienont cultivation of cotton in the Southern States to the supposed advantage of obtaining tbo crop of ono year. Facts have shown that the prolongation of the civil war, though confined to its present limits, tends to ruin in the .Southern States the cultivation of cotton. What would happen if, civil war aggravated by a foroigu war, tho Washington government were forced to raise immediately and radically the t question of sluvs labor ? In a short time tho cultivation , of cotton would disappear from America, anil France and England would thomsplves have contributed to the annihilation of that which was to be the reward of the gratitude of the Southern confederal ion, and a war booty against the North. Menrt. Mason and Slidell, arcompa- . panied by* their eecretari**, will not v.oreed in talking th-awe and England commit an ad of so much folly. The , English would have' bravely carried on a cosily war for , thorn; thoy would have dene so fo,- two or three negroes, as the Time* said in its energetic language, if a question of honor forced them to it; but they will uot do ao even for tho cotton into: est. Let them not fall into a mistake as to tin- wMUti of Fiatu-o from the encouragetnont given to the cause of (he -'omh { by a fow French journals whose conduct it is difficult to oxplaiu. 7 hey will not find Franc; disposed to recognise the Southern <on federation. The greatest and the only triumph of their embassy to Europe will In that of having cost England four Million* sterling; and. after all, it is only to (.'apt. Wilkes that thoy owe this notable triumph. France lias more than oue reason to rejoice at the favor- ( aoie swiioikiuui 01 inn ^uigci-aim-i i- hu uwi ?7iiuv. ?.*n played, through her diplomacy, all honorable pact in this artiiir. M. Thouvenei's despatch u> our Minister at Washington, written at the commotio-mnnt or the dWbreni-e? that is, at tho very morpent when the infhieuco of France could lie exorcised with the (treat,-at advantage to both parties?combined in exact proportion both what we. owed to OHiftiitt in support of the. trite prim ijtes of mari/im law, . what' we owed to the English alliance, and what wr owtd to mr oil frUtuitkiji mm Me MM stain. w? sti-mi i not ' lie surprised if the opportune inttrfereuce of our diplomacy gained for us the thanks of I/ird Russell and Mr. Seward. The utility of the co-operatinn we have givon ( to England is obvious. To the United States government the service wo have rendered is not lea.-. In his despatch J M. Thouvenel reminded that government that, on the , quosticn of tho rights of neutrals, the United States woro pledged to the same maxims as France. That indication j has just corroborated the \ ry becoming appeal whicli Mr. Soward has made to the constant traditions of his (rovernmont in disavowing the conduct of Captain Wilkes. The precise declaration of tho opinion of France on the aflhir of the Trent is useful to Mr. Seward against the patriotic susceptibilities which might liavo b<ien roused , both in Congress snd among the people by the concessions obtained l>y England. Hot <u regards trance, thinly tor!I congratulate herself at th concl u .ion of the A agio , American dij"errnce., especially with respect to our internal policy. The menace or a war between America snd Eng. , land was a diversion too strong fur the (>olU1cal nerves , of France. It turned our attention from our oiufbusV 1 ness. end particularly from a class of subjects at once financial and p-ditical, which the acta or the 11th of No vembur (M. Fould's letter to the Emperor and the d-creo adopting it) h i I raised, but which had fallen into the shado while the problem of poaco or war remained unsolved. The Invasion of Mexico. END LAND SOMEWHAT KORRV FOR HEll PARTNERSHIP. (From the London Herald (Perby organ), Jan. 17.] Tho cntinont of North America takes something more men ItB SUMTU ill mo mioiooc u. me out. II. i. uoi enough, it aecms, that a largo lortion of that continent should bt just now agitated to it* centra by a civil contest which waxes every day more ferocious. Tli? half Spanish i>?op!e of the South?those who dwell almost on the borders of Central America, peopling the arid scacoart and the lofty plains of Mexico?are now to have their turn of trouble, lor an invading army It now established on their soil. \\e amy feci pity. we c moot feel respect, for this people. 'ihero ?'o Hi i"ny who argu' that the rason race in th' Miles it slowly but surely deteriorating fr< in the oriental type. In the case of the Mexicans there are none to a^gue tiie matter, it being agreed on all liatid* that the Spanish hi od lu their veins has raili -r spoiled than improve.! the breed of a peoDlO that it inferior iu all elements of m tnllneas to the race of civilized Uo iiheiis whom Got tcz con qe n-ed. If it be urged on their behalf that at ail ev-ula they succeoodin "halting olf the rulo of Spain, the plea it met by the statement that they did no such thing. If it had not been for tt? <Hffi ,My with .Vorth A uteri a a firithh force would err thi> hrt? N.-n in company trifh the is/anith k/ua/Iron in the wai rj qf Vera Out. At prc-onl we hear only of the Spaniards, and to I heir tiuet and army has fallen the credit of the only turrets which ig )>k ly to he gained by the intervening powers in Mexico. Vera t rm tiaa fallen into their bands; the Mexican commander has retired before them wltlio tt an atlem. t to save tho place,and the fortress of fan .lua.u do UUoa has buiatsd once more tho flag of Spain. H'eat al a lou to eancirc, vhat the S/uinirh com<umder ?'??? in/., to do ats'i or what 'he yr.Tth n n I Kngiith foreet are to do mh'tt they ha?ioin -A htm It it clear that tho In. tervention cannot be tnt nde.l Tor the sole advantage of Statin. If the Spanish Geuornl, who In hit proclatnatioii. speaks eo mngniioqueatly Of his mission to avenge the wrongs of his countrymen, entertains any idea of this sort, or harbors the notkn of rcc mattering t!i? country for hie mistress, we tblnlt H well that he should he et right at t/t?lily at partible. The o'dy forward nioy meut possible to hir.t would consist iu a march on the c*ty of Mexioo. Ae that city is about two buudr. d and tlfty miles distant frotn Vera Cras, and lios at a b ight of 8 (HX) fast above the see level, as the country between tli. se places is for the most part an arid des. rt, such a march would obviously be attended with considerable diftlcnlties. And as even the m at pusilla nhnoue peovlo may excel in a sort of predatory and guerilla wart are, it would be m<?t unwise In a commander to attempt such an advance without an army ten tamve ae larse as lhat which General trim is hsstonln.' tojotu. We think tt a most unfortunate thing that our government should hare glren Its sanction and co-operation to a wild crusade which seems likely to have for Its chief result the furtherance of schemes of aggression and conquest. W> ihaU yain liltU crrlit: iw miy envoct less f rofU from this tU-odiunl Vatican inlcrvt.-nlion. We trust tlial it may ?'*>u be over. The roquest.atioii of the revenues ef VeraCrua, whloh, as It is the chief s *Ai>ort of Mokico, should b> eonslderab.s, would alio, d us s prospect of obtaining sorus Indemnity for our ospenses in tnls etpediticu, If not All the satisfaction th.u we ask. France. The Journal d'? Mat.' thinks that ford rslmortton'a intent ions towards the United Hta'or are not pacidc. The Paris correspondent of the London 7Tw?? reports that the Fraperor had decided that venccforth no ar*riOnmcut shall be givon to say of the important Journals without previous si iraluatimi uuU discussion beforo the Couuc.lof Ministers. Tlie Paris correspondent of the London Mtiming Pt-tl writes as tollows ?It appears l ist Mr. Piyton,the Anierlcaa Minister at Pnris, saut In a list of soino t renlyto thirty Ameriean citi/.sr. i for pr sentntion at thoTulleriss ou New Year's Lay. Iho raprcseautWe of the Unhed Stat"' sr onon received a note from M. Tli mveuel, ll "I . u AITairs, request ng to know tthal was t'.c i a j wisitlon of the g"iitlomon end lad toe vr> tue noiioi of being presented to their luips| rial Ma;ssti s 1'n'isvr. < -ri t hi saying that Mr. lay ton stmrily | I i? i -it thit - < f t w re presentation h? tad 1 -ij.pi I we > "I ,who won hi be re. eivnd i he tim p o ,t. i -I y teg. ! rtwlted rlnt I i no Amor!Jf ' e (.. -in . M MNMpUM ?n | n ii ' '' " v ?? . ->co at Court, on for : 162. ' DMr occasion*, of some persons of American origin scarcely presentable la anV society, waa Uie cauaa of M Thouvenel's note to Mr Day ton. The Emperor had been slightly wounded In the uetk by some stray shots from a gun while out sbootiug The Bourse was tlroi aud higher. Routes on the lTth closed at 00.60. Italy. In the Italian Senate on the 15 th, Baron Ricasoli made a general statement of the i?licy of his ministry, lie commenced by stating tbat ho had audoavorad to complete the Cabinet by the appointment of a Minister of the Ulterior, but that the pending reforms created iueurmouniubla obstacle*. lie waa not diopaecd to malic a compromise with political parties Tlio ministry, lie con tinned, did uot consider that it would he dignified on their part to rcsigu without a declaration of waul of coulhleaue from the House. Should 11 condemn their jiolicy they would know their duly. As regards the allltirs of Naples, he said the government had accepted a heavy response bility iu order te hasten the accomplishment of the unification of Italy. Touching the Roman question, Harm Itlc.asoli said:? Al Koran the rieslinios not only of Italians, Imt of hums uity in gcnoral, wid bo accomplished. It w uot possible to determlno tho time of our triumph. It mny bo tli it at this very moment our destinies are ripening. The Ministois Cordova, Miuabrera, Hustogi ami lie San Ms gave explanation* relative to their several departments. Commander San Martino said he had had two inter views with Heron Ricaaoli on the suhjort ot' his entering , the Cabinet. In tho ilrst ho gave a decided refusal, and in the second he explained his views in reference to the 1 policy of the government. He did not think the finances , corresponded with tho vigor infused by the ministry into the national policy. He should wish to aee the quaetiona relating to diplouiucy, Uuauce and tliaai my progress har- 1 moniously to a seUlemnt. As it was not likely that the , politioal questions now pending in Italy "would be resolved within a brief period, he should wiali tliu 1 government to declare to the country that without ( renouncing their object they would liave pursued it with means not of such a i hvuUer as to entuil financial ruin. I The Marqttis de Villa Marina thon requested Baron Ricasoli to explain the passage in his speech?"it uiiy be that at this very moment our destinies ure rijioning." ' Baron Ricasoli replied:?" T ettpuxaad mystdi thus be . cause the Hon un question, being a MM)qiwntlniiyniltM r ocresa every .lay." Ho requested from tlie Itouso an explicit vote, either approving or censuring the iniuiste . rial policy. , The following resolution was thon almost unanimously adopted:? l ll.oSenate, h ing satisfied with the declaration of tue m nistrv, passe to the order of the day. The subject of subscriptions to Peter" s jience liad been debated, but ministers suid they could do nothing in the { matter. Some French i coops "hud entered Alatrl and arrosled ten Hourb u ofllcor*. : Ttmur, Jan. If#, 1863. i Garibaldi has rofused to accept the Presidency of His National Society of Providoinc-nts. Turin, Jan. 18?Fvnuing. The Chamber of Deputies have decided that the propo sition of a member for a universal exhibition of tho in dustry of all nat.ous, to take place in Naples lu 1863. shall be considered. Poland. Prlvaie advices fron> Warsaw state that olovon more students had been couileiunt-d to serve as soldiers iu the army or Siberia. It was reported at Warsaw thai Mons. f'higi, the pre sent I'apal Nuncio at Paris. would be transferred toSt. Petersburg. end {hut it wm the wish of the Pope that lh? Nimcio should reside alternately at St. Petersburg, Warsaw and Wilua. Turkey, Much ill feeling U reported to oxtst between Franco and Turkey. The insurgent* of Zubzi had returned an insulting reply to the proclamation of Omar Pasha, in which he prom and them on amnesty if they surrendered. China. A private letter from China detailing the barbar.ttea (i perpetrated by the rebels, and relating how they were Jriven otr from Yeniae (Ihcfoo) by the French uuu Keg a lish,say?'?Previously, two Amerioan missionaries?Mr. M Parker and Mr. flolmus?hearing that the rebels 'were likely to v git Yeutae, buckled ou their revolvers, H mounted thci" horses and rode out thirty-live miles to H meet tiiem. 'I hey pansi the outposts and g>l to I ho chiei they a-ked bitn his intention, questioned h'm as to religious belief, explained a little Christianity, and iheu cut to pieces by his people. Coutmmial Intelligcnce^^^^^^^H LONDON MONKY M [From the loudou Post {City Article; Tho English funds havo be n dull rousols havo lost the ailvaticc obtained return cf the Hattk of Ktigland being whole as favorable, open"d 9'J^, however, soon gave impre-sion not money uud dealt 24') per new 3 per centfi, a a 93 Id tho the nr? siisUinwl. the dealers being genera I Chilean, Mexican. Portuguese,Spanish llrmiy hcl<l. New Granada and maud. The land warrants of the f< to-day at 2 if |>er ce il. Tlie 6 por com al?o improved, and begin.-) to attract altautiol^^^^^^^H In colonial government securities Canada 6 herds (1877-8) were done at 108'?; do. (I'eb. and 110'4'; do. 5 per cents, 98,1 f a 99; New Bruntwicl^^^H [>ercents, 106 ,'f a 10B. ~B Virginia r-tate fl per cent bond* fetched 47 ?J. p A small pared of gold, abjiil ?2,000, was taken into ^ the Bank to dav. In the Parly part of tlie week we called attention to C the fa<t that gold was beginning to be sent to the com I m?nt, in consequence of I he demand for silver. Ihi- f r-llliix, although for the moinent of little importatiee, in likely to go on for the present. It must a'so he observed tliat lha produce of the Moorish loan will he rent to Spain in bullion. Tim demand in the discount market has been rather h more active than during the last few days. M MESSRS. ItlCHAtttlSON, SPEWS ANt> CO.V CIRCIM.AH. i I.IVI.RT-Oc!., ,J?n. 17, ISftJ I Currox -The demand haa been very I tun tod all the i week, and as many holders have been willing sellers pi i? ?) * un u uaiiv uvcHuru, a:?i in*- t ii*se ?i o n;.i> vut half penny per pound lower than on .-atnrdav last. This ,, red in lion applies to ell kiuds of cotton, excepting sen islands, and those are rather dearer. The quotation, arc:?Middling 0>leans, 12d, *, do. Mobile, 13\d .and d" ' uplands, 12J?d. (?r lb. In Manchester business hna al (i m<>st come to a sisinl; mil. t cannot be dieted and price.' P re 'in I) nominal.".t'TUi * week we have had again rcrjr large arrivals, but there is no pressure to sail wheat, and at a t little under current rate* there ar# huyeisof ipiautity ;u Tuesday Ih ra was a good attendance of the trade. Wheat, however,*o'd only t? a limited extent,ut am i dnction of 14. a S I. p?r cents , closing with a ralli'v firmer feeling. Kknir freely offered at a decline of Is per barrel, without leadiog to business, ludiati corn s slow aud east r. At to-day's market wheal met a g"0' ilom i'l, belli for sih'c ilnti'm and cmo imtion,at an ad vanoeof2d. a 3d. per cental on Tuet'day'r rwies. Hour rather firmer, bin still difficult t-? sell, lud.m corn in belter request, at slightly idvtnced rates. Wo quote whett? Red Western, lit " 101. a Us. 2J. for Ohtcaco: Us.84. alls. 61. lor Milwmikie and umbor lows; 12s 1 2d. a Ids. 4J. for winter; Southern. 12s. 4d. a 12a. 6d.; while Western, 12?. Od.a 12s. Oil.: Southern, 13s a l is ! 3d. per 10V b?. Hour?Slate, 20s. 6d u ftOii extra Ohi i 30s. a 32s. |r r 100 .b . Indian corn?M.*e i, 31s. a 31s. <M., wliite, 35s. a :18-;. per 4HO lbs. in dull, dcaleis purchasing only for present wants, prices rather easier. Pork slow of se!e. at de< lining rates. I Ujk'ov continues lieely uttered,ltd ,cr* showing ovary deposition to sell, and prices are again 2s per cwt. r hen per, hut with rather more business. We quote to- I day Pis. a Km for Cemberland cut aud long middles, 40s a 41s for short middles, ribs in. fiUKtos, under large arrivals, has further deahncd Is. a 2r per cwt. ' I.ahi? without improvement, the demand having quite , disai pcared. , Tai.i.ow depress*! and prices declining We cannot quote over 48*. 6d. for Hui? hers'Aasocialion, and 47a. a ' 4s.*. n?r now r pk cuy rou .ma. ; QCKftcrrnox Uauk steady, ?t 13* ? 13s. 6(1 for rt'.iUtlelpMa, ami 10*. a 11a. for Baltimore. 1 H > " du.l, ?t 13*. a 13s. CJ. for common. . -?.?<? Sv.i>jquite neglected. ( FINANCIAL AND COMMERCIAL Friday, Jan. 31?0 P.M. 1 In tome quarter* there was rather more demand for money to-day, nud many of the brokers are paying *ix per cent. Others, however, obtain all the money they need at Ave. First class paper rules, as yesterday, at 6 a 7. Letter* by the Africa state that no les* than ?65,000,000? ?ay 1275,000,000?are deposited in five Joint stock banks in England at V/% per cent. Some English writers state that a portion of this money would undoubtedly be invested in American securities but for the general impression that we are a nation of swindler*. and do not Intend to pay onr debts. The securities of Brazil and Turkey appear to command n higher position in British esteem, and are rising in tho market. Foreign exchange Is irregular, and fluctuate* from hour to hour. At ono time to day no good bills could be bonght undor 113*4; but later in the afternoon we heard of banker*' signature* at 113, and the closing rate generally reported by the brokers was 113^. Francs are quoted at 5.00. Gold was rather firmer to-day, aad was held at 103*{ at the cloRe of business. At thla premium there Is no profit on the export. t>f coin to Europe. The stock market continue# iruguUr. The i f neral tendency of operators is to buy for a [ r^o; fort thote Lis boon a very free supply ? m , , ^ 1 of stu^B ^^B ^Bi hence, notwithstanding the sp^B ^^^B^Bs are barely maintained. The fuB ^^B ^Krk'-t depends upon tiu eapnHtB ^^B rami buyers to carry st^B ^^^^B^B, and upon the supply oaslB ^^^B^By yet coine upon the mar ket. H ^^^B^Bu judge, the market ha* already? ^^^B^Bly all the stock which hat been inB ^^^B^Be late bulla, and the circli of buy BB ^^B ^Be widening. At the mora ing bo^fl ^^^B ^Bcneral advance in Krio so cnrities^B^^^B^B */4, preferred %, and the fourth H^^BH 2^. ia expected thai Eric wi^B^^^B^Bor English account. New York C^B^^^^fl^Budson %, Michigan South ern %, There were large pur chases ^B^^^B^Bor cash, and it rose x/% pet cent. '^B^^^^B^Bosc a day or two for the I'cbruai^^^^^^B^Bluch, rumor states, will be tive^^^^^^^Hnpeuulators predict paf dividcm^^^^^^B^Be the in Itook Island, % in in Illinois Central, % in Michiga^^^^^^^^B Heading, and % in Missouri.* Government sixes, which ere by the of Congress , At the close of the aiorning^^^^^^^^Harket fell off a fraction, then ral^^^^^^^^Hl rumor to the effect that the Carolina was rallying to the afterwards fell off again ruin^^^^^^^^K-able tone in the private letters the second board thiugs were unsettled, the following being ?United States 6's, coucoupon, 1974,7S a 79%; Indiana C's, 51; Tennessee 6's, 14% a a 42 a 99; New I'entrul.^^^^^^^k 34% a %: do. preferred, >7%a 38% a 39; Harlem, 12% a a a %; a 52; Michigan Southern tud a 22; do. guaranteed, Illinois Central, 60% a 07% a du i11c tin raortbonds, the on the to | lead paid this duty lead that was needed prtors of the article, educed that we hare nations for one of the pr. The restoration short time, render on fcLour supply of lead, handsome revegovernment ^^Kte for the use of into hia acin ad ^^^^ Rclasire. ^^^^Hrnoticed as ^^Pransactions be Baring Brothers i Co^mH^^^^^^H^Hntiecurities are without httngo E. P. Salterthwaitc says:? tt'e b tve market In Anvr Iran wicirli.<s silica u i on materially improved on lia solntioi^^^^^^Kt difficulty, but gave way rapidly u Ilia the suspension of specie jwyi ml* in !^^^^^H*liila<!*l|>iii* and Huston. Such ?a / nl, in f^^^^^^ptritish capitalist*, might possibly >o :ha nutioual llnuiciai paralysis uu*xmplod in ol' tbo United Stales. Illinois It\r s. 41 discount, declined to 44, and >te, alter gave way to 27%. At tho cluao lt? lusrket^^^^^^Kut nothing doing. The of the 18th thin notices and ln tho col^^^^^Rmeut Canadian descriptions were gain ratbt^^^^^Band Trunk closing at tit a and .imi American securities were Hat, ni iicu ai ly^^^^^Haiid fhi.ros ol the lifiuoU Central, livo^^^^n a Jnited 63 a 70 Virginia 40 a 43 illaultc uu^^^^^Htern, Naw York sec.,1st ;;icent <50 a 6? <..27 a 2> lie. ^^^^^ ,,...47 a 40 scrip l>j-< 2 lew York 1*t>7 33 a (>2 Do. ^^^^^^Bnorigsge, 1 s5< Hi) n 33 Do ^^^^^^ norlgsge, 13^1),us>cnl?u.7d n 77 IliuoU 74 a 76 Do. 73 a 80 Do. *86 psi i dis 44^1143if Do 63 iliclngan ISO'.) 80 a s2 1 to. read It's, 188J ?? a 84 V. .elf ?a a Ho. x.c 83 A Si |)o. ^^^^^ ftharr* 70 a 7J P.iniinn lMi ?T a l?v? Do. 2>1 07 a 00 'ouuitylTai^^^^^Wii 40 a 82 Do a Do. 'in a 30 l'hi!.i'la!vh^^^^^Hn^ 0 *, 1870 ? a ? l)o. 14 a 18 The la-t^^^^H'iigl.ind statement shows the ollowing us compared with tins pro!ncr*m m. Dtrrtate. 'llbllc ?40.370 ? llbor ? ?1,728,034 "Tjt'W lu 344 4S.1 ? 44,376 On the tho account: ? ;? 600 000 iihcr Uoin 946,400 Notes 79,900 The rates of discount in the priucip^B^^^^^^Kont ^^BB lit) ' Hit'. Op. MarKM. IWont. I'$r rtnl. Parle..* 4?4 Borlln.K Wit PrukfiiH Atnatar^B Turla..M 6yt lSruaaoM riiinbtir^K li\ I'etai The tho Cleveland Mid ToWtf? Rnilron<^|^^^^^^Hiittcd to tho director* at the city on tho 2StUlnat., which 2tt.h on from otlmr rampantes aoc?uol 52.100 Estimating l" Tah. 23,000 tl <W Dailuct ctUar bllla. 03,00# The exchangl^^^^^^^^^uriiig tliia morning were tho The IsUn'i.indo* Tho Meig*

Other newspapers of the same day