The Sun.
London, England, 1863-10-10 00:00:00

TBE SON, LONDON, SATURDAY EVENtNG, OCFOBER 10, 1863.

the game of Statesmanship, and who are versed i❑
every
"Pass and ward,
To thrust, to strike, to feint, to guard."

We know and recognise the magnitude of
the affair, how necessary it is for a check
to be put upon the arrogant and absurd pre-
tensions of the German Federation, and hence it
Is with admiring approbation that we peruse the
following emphatic notice—" Her MAJESTY would
sot look with indifference on a military occupation
of Holstein, and her MAJESTY'S Government would
not recognise this military occupation as a legiti-
mate exercise of the power of the German Fede-
ration, nor admit that it could be imposed in the
name of a proper Federal execution." If this lan-
guage does not convince those to whom it is ad-
dressed it must be utterly useless to make any at-
tempt to put an end to the altercation by verbal
or written communications. "He who runs may
read" the interpretation of this address; while the
statesmen to whom it is sent may find enough in its
e irnest phrases to afford them sabjects for the con-
templation of their leisure, and topics for discussion
in their official transactions for some time to come.
It is often idle to predict, but it may not be a super-
fluous effort at prophecy to declare that the tone
and temper of this despatch will surprise and
startle the equanimity of the pompous Federation
to whom it is addressed. They cannot shut their
eyes to the fact, they cannot close their ears to the
sound of the unwelcome prospect and the unplea-
sant tidings that they may mar their fortunes in
this rash and precipitate venture that was to make
them so much the stronger and the bettor. Many
nations take advantage of our dislike to war, and
the inconvenience to which it may subject us is a
potent auxiliary on the side of the offender in seve-
ral cases; it was so in the late interposition of the
three Powers with Russia. Many States presume
on the divided opinions that exist in regard to
the disputed question among ourselves, and the
partial views taken upon it by influential parties.
Ihis feeling is now working the came of the North
in the American contest at present. But as regards
the future of this vexed Schleswig-Holstein affair
there is neither the one excuse nor the other for the
interested parties to take, because our Minister for
Foreign Affairs has spoken out as strongly as he
could do, and shown no sign nor symptom of
wavering in his attempts to do justice to a right
cause, and his assertions to vindicate an injured
nation. In this bold and straightforward address
Earl RUSSELL has done his best to retrieve his past
blunder, and to rectify the evil effects that may have
ensued from his former mistakes. So far as it goes
this communication must be considered conclusive
as to the ideas and intentions of her MAJESTY'S Go-
vernment, and it could hardly go further without
greatly extending the present confines of the dis•
cussion, and exchanging the area of the dispute,
until it passes the limit that divides theory from
practice, and separates peace from war. There iS
yet time for a wise and happier course to be taken
by the German Federation. They may still recog-
nise the validity of a maxim that as the world
grows old in knowledge still retains the force of
its first freshness—" Prudence is the better part of
valour." If they take the advice that is tendered
to them in the close of Earl RUSSELL'S admirable
Note, and " pause" before they commit themselves
irretrievably to a fatal policy, they will do well and
wisely ; but if they persist in running out the reck-
less course they have projected, all the consequences
of their mistaken and mischievous policy will be
upon their own heads, and they will incur the
stigma of having provoked by their extravagant
pretensions a catastrophe that their combined wis
dom and bravery may be unable to avert, and of
raising a storm that they have no power to stern
nor to survive.

LATEST INTELLIGENCE.

[RETJTER'S TELEGRAMS.]

AMERICA.

(REUTER'S TELEGRAMS.)

QUEENSTOWN, OCT. 10.

The royal mail sl.elmship Arabia, from Boston, on
the 30th ult., and Halifax on the 2d inst., arrived
here at 5.30 a.m. She brings 87 passengers and
50,200 dole. in specie. She landed the mails, con-
sisting of 117 sacks, and 8 passengers, and pro-
ceeded at 0.10 a.m. All well.

NEW YORK, SEPT. 29 (Evening).

No fighting has takes place in Tennessee since
the 21st inst. Unauthenticated rumours, unfavou-
able to Rosencranz and Burnside, are current at
Washington.
Burnside was still at Knoxville on the 24th inst.
It is reported that his resignation has been accepted
and that Hooker supersedes him.
NON'S from Charleston to the 25th inst. states
that preparations for the bombardment were pro-
gressing- Meade's and Lee's armies were quiet.
On the 24th ult. salutes were fired by all the
Confederate batteries in the city, and by Forts
Moultrie and Sumter, in celebration of Bragg's vic-
tory over Rosencrans. Fort Sumter fired 13 guns.
10,000 Confederates are reported to have concen-
trated at Mount Jackson, for a raid into the Shen-
andoah Valley.

The Albany Court appears decided that green-
backs are legal tenders.

COMMERCIAL INTELLIGENCE.
NEW YORK, SEPT. 29 Evening).

Money easy. Gold 43 per cent. premium. Ex-
change on London, 1561. Stocks steady—New
York Centrals, 135 ; Illinois, 126; ; 6 per Cent.
United States Bonds, 107.
A large advance has taken place in cotton. It is
still firm and advancing. Middling Upland is
quoted 832. to 85e,

NEW YORK, OCT. 1 (Evening).

(By Telegraph to Halifax.)

No movement has taken place on the Rapidan.
General Rosencranz remained on the 30th ult. in
a defensive position, the Confederates confronting
him.

In the battle of the 20th General Bragg claims to
have captured 7,000 prisoners, 36 cannon, 25 colours
and 5,000 small arms. General Hood was not
killed, as reported.

A plot has been discovered in St. Louis to destroy
all the Federal vessels on the western waters.
The Republican ratification meeting held at New
York was largely attended. P. conciliation policy
was announced ( ? denounced). Yice-President
Hamlin said he did not believe that peace worth
having laid in any other direction than through
force of arms. Some want the contribution as it is,
and union as it was, but this they can never have.
A public reception and a congratulatory address
was given to the Russians to-day. One Division
of the National Guard escorted the pr cession
up Broadway, which was lined by enthusiastic
crowds. Admiral Lastgskirode in a carriage drawn
by six horses, and was accompanied by Alderman
Fremont.

Yesterday the Russians visited the Forts in New
York harbour.
At a banquet on board the steamer Admiral
Paulding made a speech in which he expressed a
hope that whenever it became necessary for
America to fight foreign enemies, Russia would be
found shoulder to shoulder with America.
The British frigates Nilo and Immortalife, and
the French frigates Guerrie and Beloue have ar-
rived at Now York. Admiral Milne officially
visited Mayor Opdykc.
The Mooting Post alludes enthusiastically to the
Admiral's visit to the Mayor, and observes that the
reception given to the Russians will not be extended
to the officers of any other nation.
The Russian war sloop Nowitch has been wrecked
at the entrance of San Francisco. The officers report
that the Japanese batteries at Vagoizinia had re-
pulsed the British fleet.

Mobile despatches of the 26th state that the
New Orleans Era mentions a Federal disaster in
Louisiana, confirming the rumour current in Mo-
bile that General Weitzel was defeated and killed
at Napoleon, Louisiana.
COMMERCIAL INTELLIGENCE.

NEW YORK, OCT. 1 (Evening).
Gold has fluctuated during the week between 39
and 44, influencing exchange and general markets
accordingly. Closing quotations tc-day are: Gold
421, Exzhange, 156;1. Stocks dull. New York
Central, 133-1; Illinois, 1261; Erie, 1061; Six per
Cents. United States Bonds, 107. Cotton very
firm. Middling Upland, 82c. to 83c. Flour heavy.
Wheat dull. Corn steady. Provisions, good in-
quiry. Coffee and molasses firm. Sugar, good
demand. Petroleum declining. Crude, 34c. Re-
fined, 55c. to 570.

(By Telegraph to Cape Race.)
NEW YORK, OCT. 2 (Morning).
It is reported that there is no difficulty in rein-
forcing Gen, Rosencranz, the communication be-
tween Washington and Chattanooga being perfect.
The Southern journals assert Gen. Lee had infor-
mation that two corps from Gen. Meade's army
have reinforced Rosencranz.
Conflicting rumours concerning the position of
the latter are sail current.
A considerable Confederate force is moving north-
wards, near the Blue Ridge, supposed to form part
of the force now being concentrated in the Shenan-
doah Valley.
COMMERCIAL INTELLIGENCE.
Money lighter. Gold 421 per cent, premium.
Stocks steady. New York Centrals, 134} ; Illinois
T.
Central, 126; Erie, 107 ; 6 per Cents. United States
Bonds, 106 Cotton buoyant.
Middling Upland,
84c.

(By Telegraph to
Cape Race.)
NEW YORK, OCT. 3.
The Federal gunboat Sculiin (P) is reported to
have captured the British ship Sir Robert Peel in
vr
Mexican waters off
—atanaerao. She was supposed
to be fitted out as a privateer.
NEW YORK,latsosseeratserathuaztfriotiails
Chattanooga by
SEPT.s 29 (Evening).
The correspondent of the New York Herald
direct advances. hilnibppoosssiitbiloeufoartßragg to dislodge

General Rosencranz could only be dislodged by a
campaign in force against his communications.
General Grant is unable through sickness to resume
active duty.
The Federal troops repulsed at Sabine Pass are
proceeding to Texas as rapialY as possible overland.
The Confederates have been defeated in two en-
gagements in the Indian territory.
Female bread riots are
reported to have occurred
at Mobile. The women threatened to burn the
city unless relieved, and were eventually pacified.
A considerable amount of
Government cotton is
arriving at Vicksburg.
Great popular sympathy
is evinced towards the
officers and men of the Russian fleet, which, it is
reported, will remain at New York many months.
A dinner has been given to the Russian Admiral

at the Metropolitan Hotel. The Admiral made a
speech, in which, referring to Russia, he expressed
a hope that present circumstances would end peace-
fully ; the Russians, however, were ready for any
sacrifice, and as Moscow was burned, so they would
not shrink from burning St. Petersburg if ne.ces.

s iry.

If foreign nations were for peace, the Russians
would receive it on honourable terms, and bless
God for peace.

The Admiral's speech produced a great sensation.
A speaker named Walbridge observed that
Russia, in sending a fleet to New York, wished to
have it where, at a given signal, it could sweep
English and French commerce from the seas,
Preparations are being made for a ball and public
reception.

The New York weekly Bank statement shows a
decrease of 1,000,000 doll. in gold.
The blockade runners, Alice, Vivian, Fos, Ala-
bama, and Montgomery, have been captured in the
Gulf of Mexico.