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The Daily Dispatch: October 2, 1861., [Electronic resource], The financial resources of the North. (search)
r cent. is a tempting bait, it is counteracted by the characters of the borrowers, for though the Federation has ever kept faith with its creditors, many of the separate States have repudiated, and Philadelphia bonds have become a by-word for dishonesty. If we do not insist on the immorality of loans, knowingly granted to prolong civil war, it is because experience has taught us that in the acquisition of wealth virtue imposes no restraint which selfishness is willing to obey; and it would be vain for us to urge that every five-pound note embarked in this quarrel might multiply the sad list of widows and orphans and of young men maimed for life. All that we have attempted is to warn the cupidity to which the tempting lure of seven percent. is now being offered, that the security is decidedly bad; and though the loss of principal and interest would be the befitting punishment of the crime, we hope the penalty may be avoided by rejecting the proposal.--London Herald. (Derby organ.)
New Zealand Gazette, July 1.] The first shipment of cotton from the Fejee Islands was on view at the office of Messrs. Geo. A. Lloyd & Co. It is to be forwarded to England per Damascus. Some fine samples of cotton grown at Wagga Wagga had been on view at the Sydney Herald office. A gentleman well acquainted with the cotton trade, estimated that this would be worth at least 10d. per pound in England. England "desperate" for Cotton, may interfere in the war. [From the London Herald (Derby organ) Sept. 18.] We have only reports on which it is best not to comment further at present any more than on that other report, more momentous as regards ourselves, of the embargo laid on the cotton crop. This would indeed be a sign of desperation. Its object would be to force England to break the blockade. Trusting, as we do, that the war will not go on beyond Christmas, and having cotton enough to last till then, we need not take the matter into consideration as yet. We must oursel
England's neglected opportunity. We copy the following from the London Morning Herald, (Derby organ): No one can fail to recognize considerable astuteness in the suggestions of the Emperor of Russia. They can give no offence. The South is not in a position to take any. And the North will certainly not take his advice about stopping the fighting amiss, in its delight at his moral support of the Union. Between St. Petersburgh and Washington there has always been a sneaking kindness. Extremes meet, and we can conceive plenty of reasons, which we do not care to state, why the Czar should prefer the Union intact to two equal Confederacies. But we confess to a feeling of envy. Why has it been left to the Czar to be the only European sovereign to make known his feeling for the Americans? What is he to the President, or the President to him? The United States are not even his rivals. Their commerce and their shipping may sweep the world's ports and never interfere with h
ed summary of her news was procured, but a few papers were obtained, from which the news is compiled. The Persia sailed from Liverpool on the 15th. She has one thousand and one hundred troops on board, and is bound for River du Lope or Bic. The news is important. His Royal Highness, Prince Albert, expired at noon of Sunday, the 15th inst., of gastric fever. His illness was not considered dangerous until Friday. The Liverpool Mercury, of the 15th, states that the Earl of Derby has been consulted by the Government. He approved of its policy in reference to the American difficulty, and suggested to ship owners to instruct the Captains of outward-bound ships to signalize any English vessels, that war with America is probable. This suggestion had been strongly approved by the Underwriters. The steamship Australasian, which also passed Cape Race this evening, sailed from Liverpool on the 13th with troops for Canada. The First Division of the Tenth Brigade--
y, which commenced firing minute guns at the end of the Longwalk, advancing slowly until it reached the Castle gates just at the close of the ceremony. The ministers, the officers of the Queen's household, and other distinguished personages who and been honored with an invitation to attend the ceremonial, reached Windsor by a special train from Paddington. They were met by carriages provided for them at the station, and began to arrive at the Chapel Royal soon after 11 o'clock. The Earl of Derby, the Archbishop of Canterbury, Earl Russell, and the Duke of Buckcleuch were among the first to make their appearance, and as they alighted at the door of the chapel they were received by the proper officials, and conducted to the seats appointed for them in the choir. In the great. Quadrangle were drawn up the hearse and the mourning coaches, and, all the preparations having been completed within the castle, the procession began to be formed shortly before 12 o'clock. It had been orig
In a brief commentary upon the whole, the London News, remarks: The bare description of these Blue Books enables the reader to form some idea of the constant danger of ignition which the American civil war has brought as near to ourselves as a neutral State as if no broad Atlantic lay between us and the burning house beyond. Earl Derby on recognition. We get the following from the New York Herald of the 26th February: In the House of Lords on the 7th instant the Earl of Derby said he was not much in the habit of occupying the time of their lordships with matters personal to himself, or with making observations in reference to the reports of his speeches or those of other noble lords in that house. The fact was he very seldom read the reports either of his own speeches or of other speeches which he heard in the house. But he happened to look to the report in the Times newspaper of what he addressed to their lordships yesterday, and there was one point in it to w
act. Capt. Wilkes he characterized as "a blundering sea Captain, besotted with a vulgar lust for notoriety," and condemned the "unsound and exceptionable explanations which dimmed the grace of reparation," in the Trent affair. This address was seconded by the Earl of Shelburne, who bore at length upon the hostile feeling existing in the United States towards England, while he denied that either the English Government or the English people had given occasion for such animosity. The Earl of Derby was the next speaker, and he freely expressed his sentiments of the present war. In one instance he said: "As I concur with the course Her Majesty's Government has pursued, I do not ask them to deviate from it; but I think the time has nearly come when they may probably be called on to recognize the so far successful revolt of the seceded States." And further on: "I think it greatly to be regretted that, having made up his mind that reparation and apology were necesssary, t
one of respectability responded. The O'Donoghue, after some little pressure from the Speaker, made the required apology to the House; but in doing so, he uttered some insuiting taunts towards Sir Robert Peel. Lord C. Paget introduced the Navy estimates and entered at length into the position of naval affairs. After some debate a vote of seventy-six thousand men and the required sum for their wages and maintenance was agreed to. In the House of Lords, on the 25th, the Karl of Derby gave notice that he should on Thursday put a question to the Secretary of Foreign Affairs with regard to a proclamation of a most extraordinary character, which had been published in the Neapolitan papers. The proclamation sits forth that after a certain day no person shall set foot in a certain district, that all houses, hovels and cabins of every description are to be levelled to the ground, and that the inhabitants of every farm house in which ors than a day's food is found, shall be tr
The blockade.[from the London Herald, (Derby organ.) March 1.] Lord Russell made up his mind to take at all hazards, the views of the case favorable to the interests of the North and injurious to those of England. It was essential that, in defiance of usage and common sense, he should set a side all evidence against the validity of a blockade derived from the escape of "various ships;" for he had documents in his hands which showed that hundreds of vessels have over and over again broken the blockade with perfect impunity; and it any number of such escapes would prove its in validity, the Northern case was hopeless.--One would think that it were a stretch of courtesy to recognize a blockade where the number, of escapes, was equal to that of capture, that where two vessels escaped for one seized, no power whatever would venture to claim efficiency for the operation of its squadron; but when, as we believe to be near the case, the captures are not to the evasions in to high a ura
From the English press.Gause of the English Attacks on M'Clellan. [from the London Herald, (Derby organ,) July 15.] It is no longer possible to doubt that McClellan's army has sustained a decisive defeat. Whatever lingering faith in the Army of the Potomac may have been kept alive by the ambiguous wording of New York telegrams, there is now no chance of concealing the misfortune that has befallen the Northern invader, or of sustaining the fiction of Northern invincibility. The second campaign closes as did the first, with disaster and humiliation to the Federal arms. * * * * * Gen. McClellan commanded. Young and active, a great strategist on paper, a severe critic of our Crimean blunders, with unlimited powers at his back, and the unstinted confidence of the whole of the North to support him, his army saluted him as if with the sure presentment of victory, the Northern press could find no parallel for him save in the greatest soldier of modern days, and christened him
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