Slowly, but surely, the English
press is opening its eyes to the truth.
The London Times
's late speech in the Senate as meaning nothing.
The Money Market Review
closes a long article on "The Prospects of American Trade" with the following paragraph, some errors in which will readily occur to the intelligent reader, but which we quote as a significant indication of the manner in which the London
press is gradually preparing the public mind for a fraternal embrace of the new Confederacy:
"So long as the present Union is maintained the Southern States
must remain in dependence on the North
, producing nothing but what they produce at present, and receiving from the North
at second-hand everything that they consume.
This would be no privation were the Southern States
without the resources for any higher industrial effort, and cat off from direct communication with the world.
But they are in possession of some of the finest harbors on the American Continent
valuable and extensive forests; coal and other minerals in great abundance, and are traversed in all directions by navigable rivers and by railways. --Above all, the agricultural capabilities of the Southern States
are of the highest order, the wheat and the flour of these States being as much superior to the wheat and flour of the Western States
as our own wheat and flour.
Why, then, should the Southern States
continue doomed by the present Union to ignore these great resources, and to be contented with the comparatively few productions of slave labor?
This is the real grievance of the Southern States
; and in the highest interest of humanity we may wish the secession movement speedy and complete success.
"Resistance to the claims of the Southern States
, particularly if these States cast in their lot together, can only be of short duration, and need not excite real alarm as to the supply of that great staple upon which so much depends, until at least we have time to receive supplies from other parts.
There seems no reason to apprehend an insurrection among the negroes; and the field hands need not be withdrawn from their work Upon the plantations, it is doubtful it much will be known of the present movement until it has been settled.--It is not to be forgotten, that the poor slaves of the Southern States
are, in the main, removed by only one degree from the savage state, and quite incapable of any great concerted effort."