The Sun.
London, England, 1862-08-15 00:00:00

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THE SUN.
LONDON, FRIDAY, AUGUST 15, 1862,

Is the end of the great American struggle at I
hand, or is it to renew
hitself in the autumn i
on
th
fresh vigour? What hundreds
both sides the water would be thankful indeed for a
certain answer to this question. In America the
peace party must comprise war the comerci
intelli-
al men
who make no profit by the , and a mll the
gent and humane men who are ot carried away by
ambition, by Monroe doctrinesn, and manifest des-
tiny nonsense. In Europe every Government which
'has a cotton manufacturing district, with the
hundreds of thousands who inhabit those districts,
must be but too desirous of peace. If, however, we
cannot have peace, the next best alternative for
Europe would be the certainty of a many years'
war. This cruel certainty would at least bring
with it the blessing of cotton producing countries
teat check to enterprise
knowing what to do. The g
in cotton cultivation, now, is the fear that on the ces-
sation of the war some four millions bales of cotton
will be thrown on them arket, and as the necessities
of the long blockaded States will compel sales
on any terms, all the countries which have pushed
their cotton cultivation will be subject to ruin-
ously low prices. But for this fear, we believe
that even sluggish Manchester would put herself
in direct communication with Indian ryots. It
has been suggested that the large amount of
cotton in America is not seriously diminished.
If there has been little burning, it is said there
must have been a large consumption for manufac-
turing coarse military vestments in the blockaded
States ; while the necessity, there, of growing the
food which they formerly imported must have
prevented the cultivation of cotton since the war
began. There seems high probability in this
even, but it is probability only ; and the fact re-
mains, that efforts at cotton-growing in India and
all over the world are repressed by the fear of a
premature close of the war.
If, indeed, the Yankees and the Southerna would
take the good people of Blackburn as advisers, their
bloody struggles might soon come to an end. After
a long and able addreee in favour of recognition of
the Southern Confederacy, an ". amendment was
e
passed, at a meeting on Thtlreday week :
larg
" That this meet:ng, recognising the desirability of
referring all international disputesfl
respectuly ar
t'a impartial
arbitration for settlenaent, lig" the
immediately to
Government of this country
co-
operate with other European Powers in reaota_
;,ending to the contending parties in America the`
above plan, as the simplest and most satisfactory
and in
method of restoring and establishing p
end the
their negotiations to strongly recorana
eace,
abolition .of slavery." There certainly never was a
case which so urgently demanded the intervention
of arbitration, if such a thing were possible between
angry nations. The questions of
powerful and
boundary, and of river navigation, are such as
can be settled only' in one of three ways
—that of an impartial arbitration ; that
of one party becoming strong enough to enforce its
terms on the other ; and that of both fighting until
ao exhausted that they are compelled to patch up
some kind of formal c.r tacit agreement. We fear
that neither party could ;-et be brought to agree
with the other on the mere i;ases for_an arbitration ;
as soon as the attempt to shain these began, it
would be seen how much there waa which neither
would surrender except on compulsion, At pre-
sent, however, there appears to be no chance of the
party of reason .. b;
---og listened to for a moment.
-R,,,..aiega then, to the prospects of cthe domi-
Ilan cy of one side or the exhaustion of both, what
is the picture presented us by the
l ater, by the last
telegrams ? We are sorry
tothink it a very hope.
less one. The North, too, proud
togive up, the
'
too strong t
South too clever and be beaten.
Minor military and naval advantages with the
South, dogged determination to regain its 84,,,,..