--The New York Herald editorially sums up the recent news from
Europe as follows:
The news from
Europe by the Persia brings us some very important information with respect to the progress and prospects of the
European coalition — of
France,
England and
Spain-- against the integrity of the
Union.--This is embraced in the letters of our correspondents in
Paris and
London and the extracts from our foreign files published this morning.
We give the exact text of the article lately published in the Moniteur, in which
Napoleon foreshadows the recognition of the rebel Confederacy as an independent Power.
It is interpreted by our
Paris correspondent exactly in the sense in which we read the translation received by the
Etna, and the writer adds that it would have been embodied in a diplomatic circular addressed by
M. Thouvenel to the
French Ministers at Foreign Courts, as illustrating to them the exact position of his Majesty the
Emperor towards
Italy and
America.
Messrs. Mann,
Yancey and
Rost, the rebel Commissioners, were in
Paris.
They reported that
Great Britain would soon recognize the rebel Government, but the statement was not very generally credited, although it was believed both in
Paris and
London that the
British Cabinet were very anxious to do so, if its chief members had a plausible excuse.
Captain Russell, who was commissioned by
Napoleon to report to him on the performance of the
Great Eastern during her late trip to and from New York, was also in
Paris, and volunteered, it would seem, the opinion, that two separate republics would, of necessity, have to exist here.
Mr. Russell also added that, in his opinion, the armies would not engage in any serious conflict.
It is added that
Napoleon will act with ‘"caution"’ in the matter, corresponding only for the time with the
Cabinet in
Washington.
Secession was advocated openly in
London by many emissaries of the rebels.
The public mind of
England was becoming very much excited on the question of an interruption of the cotton supply.
Considerable distress existed already in
Lancashire, and much apprehension, as to the consequences likely to result from empty cotton warehouses and idle mills, is expressed in the papers.
