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
hand, or is it to renew itself in the autumn with
fresh vigour ? What hundreds of thousands on
both sides the water would be thankful indeed for a
certain answer to this question. In America the
peace party must cemprise all the commercial men
who make no profit by the w ar, and all the intelli-
gent and humane men who are not carried away by
ambition, by Monroe doctrines, 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
knowing what to do. The great check to enterprise
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 the market, 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
feed 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-
ams, 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 Southerns would
take the good people of Blackburn as advisers, their
bloody struggles might
soon come to an end. After
long and able address in favour of recognition of
the Southern Confederacy, an amendment was
large meeting on
passed, at a Thursday week :
international
rdeissyseue`tetu.sny
" That this meet-no
recognising the desirability of
,
referring all to impartial
asbitration for settlement,
urges the
Government of this country immediately to co-
on Powers •
operate with other Europ in roe_
unties in A "111-
mending to the contending part- rassi,t the
and
above plan, as the simplest most satistaesotsy
method of restoring and establishing peace, and in
recommend the
their negotiations to strongly
abolition of slavery." There certainly never was a
case which so urgently demanded the intervention
of arbitration, if such a thing were possible between
powerful and angry nations. The questto no of
boundary, and of river navigation, are such as
can be settled only in one of tkree ways
--that of an impartial arbitration ; that
o.f one party becoming strong enough to enforce its
te.rms on the other ; and that of both fighting until
so .exlmusted that they are compelled to patch up
soLne kind of formal cr tacit agreement. We fear
than .neither party could yet be brought to agree
with the other on the mere bases for an arbitration ;
as se on as the attempt to shape these began, it
would be seen how much there was which neither
'would surren,ier except on compulsion, At pre-
sent, h
Wevel , there appears to be no chance of the
party of reascm listened being
to for a moment.
Recurring, then, to the prospects of ,the domi-
parley of one side or the exhaustion of both, what
is the picture presented us by the later, by the last
telegram, -We are sorry to think it a very hope-
less one. The North, too, proud to give up, the
South too clever and too strong
to be beaten.
Minor military and naval advantages with the
Souti Iy dogged determination to rein its
adyan.