Latest Foreign Details.
Lord Palmerston on American Affairs--English non-intervention — advance in cotton, &c., &c.By the Australasian, off Cape Raco, with Liverpool dates to the 31st ult., we have the following additional news.
Great Britain.
The London financial correspondent of the Manchester Guardian writes as follows: ‘ "It is stated that Messrs. Barings Brothers have received instructions from the State of Maryland to deduct the American income tax of three per cent, as well as the ordinary English income tax, from the coupons first due in London on Maryland sterling bonds; also, that the same course has been taken on the sterling debentures of the Michigan Central Railway. This would be sufficient, if anything were wanted, to complete the disfavor in which American securities are now held." ’ Lord Palmerston, in a speech at Melbourne, referred to the Trent affair, which, he said, was settled in a manner consistent with the honor, principles, and dignity of both England and America.-- America could not have refused the satisfaction demanded without departing from those principles she has herself maintained and considered essential to her own interests as a nation. There was, consequently, no triumph on either side. The only triumph was the triumph of truth and justice, which each side was equally interested in maintaining. The London Times reiterates its arguments that the North cannot conquer the South, and says that the time for compromise of some kind has arrived, and that the worst settlement of the dispute cannot be so fatal as the continuance of the war. The Times then draws an analogy between the position of England during the revolutionary war and the present position of the North, and says that it is time the North followed the example of England. The Army and Navy Gazette describes Gen. McClellan's campaign as the lost signal failure seen in this country. Lord Brougham had made a speech urging the necessity of absolute neutrality and non- intervention in every sense of the word, as the only security for the peace of England, and the best hope of securing the end of the unhappy quarrel. The Liverpool Post draws attention to Secretary Seward's late circular to encourage emigration, and urges the distressed operatives of Lancashire and the Irish poor to follow Mr. Seward's advice and emigrate. The London Daily News urges that the Emperor Napoleon cannot be allowed to assume exclusive control in Italian affairs, and urges the British Government to speak out. There were vague rumors that England had protested against any French occupation of Neapolitan territory, and that England even threatened a corresponding movement in Sicily if France resorted to such a step.France.
The Emperor Napoleon presided at an important Cabinet Council on the 26th of August, on Italian affairs. Very important matters, it is said, were discussed. A French squadron has been sent to Naples, and an English squadron; it is said has also been ordered there.Denmark.
The replies of Austria and Prussia to the Danish note of the 12th of March, on the Schleswig Holstein question, had reached the Danish Cabinet.--Both Austria and Prussia are very excessive in their demands, particularly Prussia.Austria.
The military governments continue. Outbreaks were apprehended, but precautionary measures had been taken to counteract them.The latest.
London, August 30, P. M.
--The Times has an article on the extraordinary position of the Democratic party in America.
It says they are fighting in a cause for which they feel the most boundless devotion, but at the same time in behalf of a policy and party they detest.
It regards Mr. Vallandigham's recent speech as an exposition of the feelings of the Democrats, and thinks their demonstration in every way important, as it serves to show that, in addition to other difficulties.
President Lincoln will have to struggle against the legitimate effects of the war — a violent reaction against his own army and arbitrary acts. 