The Sun.
London, England, 1861-08-23 00:00:00

THE SUN, LONDON, FRIDAY EVENING, AUGUST 23, 1.861.

ing this laudable ambition of his, can only contrive
by his abilities, his energies, and his presence to
realize it.

The news from the " seat of war" is not of much
moment. Vigorous preparations continue on the
part of the North. Skirmishing goes on in the
usual style. lt was, it appears, not the Federalists,
but the Confederates, who wantonly burned down

the village of Hampton, not far from Fort Monroe.
The privateers are as active as ever, and the coast

blockade as inefficient. M'CLELLAN seems to rise

in popular estimation in proportion as he enforces
discipline, which, so far, looks well for the North.

A well-trained army soon becomes conscious of its
difference from its former self, and learns to com-
mend what at first seemed a hardship. :Mr. CHASE

is busy among the New York bankers; and as
money is thrown back into their coffers by the
stagnation of trade, he may be able to get out the
Government loans on the almost usurious terms at
which they are offered.

Meantime not only they, but we, are feeling the
effect of the war. Besides the injury to trade be-

tween this country and. America, caused by the
INI ORILL Tariff, Liverpool is at last clearly per-
ceiving the difference in her stock of cotton. The

circular of NEILL BROTHERS, to their correspon.

dents makes this very apparent. The stock had
diminished, in about a month, from 860,000 bales
to 639,000. Between this time and the end of
the year in 1860, not less than 843,000 bales
were required; and hence it is evident that last
year's rate of consumption and re-exportation

cannot be sustained. Indeed the spinners are

entering into an understanding not to " light
up" during the winter, which, of course, means
short time.

None can be expected from America, for the war
threatens to be a protracted one ; and in about a
week we ought to begin shipping the cotton from
America in the ordinary course of things. Accord-
ing to the Messrs. NEILL, we are little likely to:get
any, since both parties think it to be their interest
to prevent our doing so. They write thus
Strange and almost incredible as it may appear,
it is nevertheless the fact that it is the deliberate
intention of the American Government—both
North and South—to seal up the new cotton
crop, so that not a bale of it (which they can
prevent) shall leave the plantations during the con-
' tinuance of the war. The North believes that the
need of money will bring the South to terms ; the
South is just as firm in the faith that the need of
cotton will bring the North to terms, or lead the
European Governments to interfere. How long
these efforts will be successful it is impossible to
say. No doubt some cotton will reach the ports,
creeks, and bays along the coast—notwithstanding
all the recommendations of patriotic factors—and
escape the blockade, in spite of the vigilance of the
whole United States fleet. But it is clear that any
supply that can thus reach us will be of very trifling
importance."

They quote the following card to show how
determined the South is to keep its cotton to itself,
in the belief that it will tempt England and France
to break the blockade:—
"A CARD TO COTTON PLANTERS.

" The undersigned cotton factors in the city of Now Or-
lenns in view of the interest of all parties, recommend to
their various customers and correspondents not to ship any
portion of their crops of cotton to this city, or to remove it
from their plantations, until the blockade is fully and en-
tirely abandoned, of which due notice will be given."
This is signed by 141 firms, said to be all the cotton
factors in New Orleans, and who control considerably more
than one-half of the entire cotton crop.
" Office Board of %Underwriters,
"New Orleans, July 23, 1861.
With such a temper in both parties in America
it is little likely that American cotton will reach
this country in any quantity, and the suggestion is
that its price will soon be so high as to throw the
spinners on Trix-- -"
rrum that quarter. We only hope, so
far as the cotton and slavery questions are con-
cerned that the blockade may last for yea's.
Nothing would be ultimately better for Manchester,
for the negroes, and for us all. There would be a
little difficulty for a time in Manchester, but it
could be for a time only, to be followed by depend-
ing no longer on American slavery, but on inter-
tropical free labour for our indispensable cotton
supplies.

LATEST NEWS.

CONSTANTINOPLE, AUG. 22.
His Excellency Sir William Codrington arrived
here to-day.

Orders have been despatched to the Pashas of
Tunis, Tripoli, and Egypt to send officers to con-
gratulate the Sultan on his accession.
Mehemet Djemal Bey has gone to Odessa to
congratulate the Czar.
The Circassians have proclaimed a republic.

PESTH, Auo. 22, Evening.

The following is the text of the Royal Rescript
in reply to the address of the Hungarian Diet, as
read to both houses of the Diet to-day, by Field
Marshal Count Haller, the Royal Commissioner :

" Seeing that the Hungarian Diet has not obeyed
the requests which have been addressed to it, and
that we can hardly expect any further beneficial
action from a Diet which, to the great disadvantage
of all concerned, so entirely misunderstands its
highly important mission, in such difficult circum-
stances, as to declare the way to be absolutely
closed against any possible arrangement, because its
demands, which, in their extent, exceed the bounds
of admissibility, could not be aceeded to; we find it
necessary to dissolve the present Diet.
"We, at the same time, preserve to ourselves the
right of assembling a new Diet, possibly within six
months from tl. is time."

VIENNA, AUG, 22.

The Royal Rescript, in reply to the address of
the Hungarian Diet, will be communicated to both
Houses of the Reichsrath to-morrow.

An explanation of the negociations hitherto car-
ried on with Hungary will also be submitted to
the Reichsrath in the name of the Emperor.
The Transylvanian Diet will be shortly convoked.
The Oesterreichise4e Zeeung of to-day says :

" It is reported that the Croatian Diet may again
take into consideration the question of sending re-
presentatives to the Reichsrath at Vienna."

PESTH, AUG. 22.

A collision between the military and civilians
took place at Arad on the evening of St. Stephen's-
day, on account of rational airs having been sung
by the populace.

Five of the people were wounded on the occasion.

FRANCE.

BOURSE, Aug. 22.—There is no change to notice
in the tone of the market, if it be not the slight de-
cline of sc, Threes, for the Account, being now at
68f 45c, but this quotation, from the little doing,
is scarcely more than nominal. Railways quiet,
with but trifling variation.
The following are the last quotations :-
4t per per Cents ... 98 —1 Credit Foncier 1255
Do, end month.... 98 —1 Belgian:ft lOOl
3 per Cents
Do. end month 6B 45 Roman
Bank Shares 2900 Austrian
Credit Mobilier.... 736 25 , Spanish Threes 4Bl
Do. Account 737 501 Home Debt .. 471

the advance of the Confederates, moved a body of
New York 20th Rifles, under Colonel Weber, to the
lower side of Hampton bridge, in order to protect
Camp Hamilton and Newport News, upon which it
was supposed the enemy were about to make an
attack. He remained there until 11 o'clock, and
had barricades erected, and strong guards posted at
various points on the line of the creek. A portion
of the Confederates attempted to force a passage
over the bridge, but they were driven back. During
the night several shots were exchanged between the
Confederates in the town and the pickets of Colonel
Weber's troops across the bridge.
From Missouri we have advices to the sth. On
the 3d Gen. Lyon, with a Federal force, followed
up the enemy and attacked them, when they
again retreated. On the sth he returned to Spring-
field, on account of the exposed condition of that
place. The enemy were advancing from different
points, and Gen. Lyon had called in 2,500 Home
Guards from the surrounding country. It was
supposed that the Confederates were concentrating
their forces at various points on their side of the
river from the Point of Rocks to Alexandria.
There were 8,000 or 10,000 at Fairfax Court-
house, a considerable force in the vicinity of Ed-
ward's Ferry, large bodies at other crossings, and
several thousand at Leesburg. As yet they have
only made minute reconnaissances in the neigh-
bourhood of the Chain-bridge.
The Confederate privateer M'Rae managed to
run the blockade of the Mississippi on the 30th,
and got to sea.