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France and the American war,

The Paris correspondent of a New York paper writes (May 2d) as follows:

‘ There is manifest evidence of a reaction in France against the Government of the United States. I do not say that there is any real sympathy towards the South; but this I do say, that men are beginning everywhere to murmur that if this civil contention is no at once put an end to, the consequences for France will be no longer tolerable. They say that a hundred thousand men are deprived by it of the means of labor; that the distress is beginning to make itself seriously felt, that at a time when men are exhibiting an impatience at the idea of fresh imports, and when the Government has peculiar reasons for retrenchment, the subsidies it is obliged to supply to indigents on account of the American crisis is endangering the repose of the country. They say, moreover, that experience is proving that all attempts at obtaining a supply of cotton from any other quarter than America have only resulted in more plainly showing the indispensable character of the Southern trade. The indian climate, as that of Algiers, being both too hot and too cold for the cotton production of either part of the world, can never occupy the place of that of the South.

The Debate copies the independence Belge's paragraph, though it affects to disbelieve the fact.

Prince Napoleon is known to have said, only two days ago, in the presence of more than one gentleman connected with the South, that, strong as his sympathies were towards the North, he was afraid he must sacrifice them in face of the increasing distress in France. Last year, he said our harvest failed us, and ‘"no labor no food"’ is a state of things which turns every man's thoughts upon himself. It General McClellan cannot stamp out the rebellion I see nothing for it but interference on the part of Europe.

Before this letter reaches you I do hope that the tide of battle may have set in against the rebels in such a fashion that Mr. Lincoln's words in his thanksgiving proclamation may be verified, and that foreign interference may cease forever to be a matter of question; but if not, from all I hear, I ask strongly persuaded that the year 1862 will not pass away without its having taken place.

New York

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