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

THEATRE•ItOYAL, HAYMARKET.
11 Lessee, Mr. J. B. Buckstonr.
'IBIS EVENING, the performances will Commence with
a new Ballet, BACCHUS AND ARIADNE. Miss Fanny
Wright, the Leclercqs, Mr. Webster, &c.
After which, a new Comedy, entitled MY LORD AND
MY LADY ; or, It Might have been Worse. Mr. C. Mathews,
Mr. Andrews, Mr. Buckstone, Mrs. Charles Mathews, Mrs.
Wilkins, &c.
Followed by OF AGE TO-MORROW. Miss M. Oliver.
o conclude with TURNING THE TABLES.
Commence at 7.

ROYAL PRINCESS'S THEATRE.-
Lessee and Manager, Mr. A. Harris.
- THIS EVENING, the new comic drama, entitled A
HOMESTEAD STORY, Messrs. Ryder Shore, and Miss
M. Harris.

Followed by HAMLET. Hamlet, Mr. Fechter. Sup-
ported by Hermann Vezln, Ryder, Meadows, ac. ; Misses
Heath, Rlsworthy, and R. Leclercq.

NEW THEATRE-ROYAL, ADELPHI.-
Sole Proprietor and Manager, Mr. B. Webster.

Reproduction of the great drama of "The Dead Heart."
THIS EVENING, the great Adelplal drama_ THE DEAD
HEART. Messrs. B. Webster, J. L. Toole, Fisher, Billing-
ton, Eburne, Smith, Romer ; Miss Woolgar and Miss Kate
Belly.
To conclude with (21st time) THE PRETTY HORSE-
BREAKER. Mr. J. L. Toole, Mr. Paul Bedford; Miss K.
Kelly, Miss Woolgar, Miss E. Thorne, Miss Laidlaw, and
Mrs. Chatterley,
Doors open at half past 6—Commence at 7.

CANTERBURY HALL
AND FINE ARTS GALLERY.

Verdi's New Opera, UN BALLO IN MASCTIEIIA,
arranged and conducted by Mr. Jonghmans. Mr. Levy on
the cornet-a-piston. Mr. Wood and his talented little Son,
the best Negro Delineators of the day. The extraordinary
comic duet, " The Nerves," by Messrs. Harvey and French,
the most grotesque performance in London. Mrs. Lawrence
and Mr. Marshall in several New Songs written expressly
for him, including the "Excursion to Brighton."
Admission, 6d. ; Stalls and Balcony, le.

RETURN of SAM COWELL to ENGLAND, who will
shortly appear at his old quarters, after an absence of five
years.
RE-DECORATION of this Magnificent HALL, executed
by Mr. William Sanderson, of Lambeth, under the direction
of Samuel Field, Esq., architect, is now completed. This
popular Place of Amusement now surpasses its former
grandeur, and, with the FINE ARTS GALLERY and
SPACIOUS PROMENADE, forms the MOST ELEGANT
PUBLIC BUILDING in the WORLD. Considerable im-
provements
LIGHTING.
have been made in the VENTILATION and
T "

OXFORD,

6, OXFORD-STREET.
The architectural beauty, elegance of ornamentation, and
brilliancy of lighting of this noble building, render it one of
the sights of London. Open Every Evening. The pro-
gramme is varied, and includes Selections from "La Tra-
viats," "Un Ballo in Maschera," &c., (by a full company of
principals, powerful band, and chorus). Solos by Miss Bryant
en the Piano Forte, and by Mr. Russell on the Trombone.
Old English Ballad, by Miss Green, Scotch Duets by the
Misses Stuart, and other vocal and instrumental music of the
highest order. Conductor, Mr. F. Jonghmans. The Comic
portion of the entertainment is supported by Messrs. M. P.
Foster (in his " Life Sketches"), Sam Collins, Harvey, and
French (the Nerves), E. Marshall, and W. Randall. Hall,
sixpenee ; Balcony and Stalls, one shilling. Private Boxes,
10s. 6d.

HIGH WATER AT LONDON BRIDGE.
Tula DA.4.—:Morning, 3h. sm.—Afternoon, 3h. 24m.
TO-MORRO vr.-Moming, 3h. 40m.—Afternoon, E3h. k 6m.

THE WEATHER.—SUN OFFICE,' AUGUST 7,' 161.
THEAMOIKETEB., IN THE 811ADII.
71—highest since noon yesterday.
56—lowest this morning and during the night.
71—this day at noon.;
BAROMETER-30.05.
WIND—S.-Westerly—rather fresh ; with fine weather.

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THE SUN.

LONDON, THURSDAY, AUGUST 8, 1881.

" KING COTTON" seems to be as much relied on
in the South as General BEAUREGARD. If the
General is to bring the Yankees to his feet,
COTTON is to bring Massachusetts, England, and
France as humble supplicants before the Southern
Congress. The Vice-President of the Confederate
States has been opening his heart on the subject to
his Southern brethren, and it is a heart full of con-
fidence in the potency of the Southern Monarch.
He avowed that he was speaking in discharge of a
duty imposed on him by the Southern Congress ;
and as his audience was almost a monster one, we
may well presume that he expressed opinions
which he wished to spread far and wide.
" Of course," he said, " we do not intend to be
subjugated." If Mr. LINCOLN called for 400,000
men, they had 700,000 if they liked to use them
all. They had also ample wealth to fight their
battles; the war-sustaining wealth of nations
depended on their "productive capital "—no nation,
for its population, produced so much as they did ;
the Northern wealth was, in great part, profits
derived from trade with the South. By what means,
however, the agricultural produce of almost impas-
sable districts could be used as money, Mr.
STEPHENS did not satisfactorily show.
There was a spice, however, of threatening in
the financial part of the speech. The object of the
Government was, he said, " to get along with as
little taxing as possible." Yet, as they did not
mean to be subjugated, money they must have. If
the people would not contribute to a loan, the
resort must be to taxes—a course of argument
which seems to imply that taxes are unpopular or
impossible, and that the loan, after all, is not taken
up; the latter doubtless for the very best of
reasons. He then made the following propo-
sition :—" That each subscriber agrees to con-
tribute to the defence of the Confederate
States that portion of their surplus cotton crop
against bonds bearing 8 per cent. interest. These
bonds, it must be understood, are not intended as
currency. They are intended to represent a fixed
capital or permanent investment. Instead of putting
your surplus in lands, negroes, houses, &c., put it in
Confederate bonds." Mr. STEPHENS, in alluding
to the probable great value of the bonds, candidly
said,—" If LINCOLN overruns us, if we are subju-
gated, these bonds will notbe worth a single dime."
With regard to how long the war is to last, tho hon.
gentleman continued—" Until the enemy is whipped
and driven from our soil; and it will require men
and money to do it."
In this sense Cotton is to be king in the South
itself; it is to find the money to drive the
Northerns off the soil, and if it cannot, the confes-
sion is frank, that its " bonds" are not to be worth a
farthing. But it is in describing its imperial rule
abroad that Mr. STEPHENS delights to expatiate.
Prevalent, indeed, must be the illusion among
those ignorant of public affairs when the Vice-
President himself can talk in such a style. Whether
he is as ignorant as he presumed his audience to
be, may be doubted. After describing New York
and New England as paralysed and ruined if the
war compelled a long cessation of Southern trade,
he exclaimed—" We grow supplies that the nations
of the earth must have. That is, the cotton.
How the North is to do without it I cannot say.
Hundreds of thousands are dependent upon it
for their daily bread, and these people are
now turned out of employment. Perhaps they are
men who, for want of bread, have joined in this
unnataral and suicidal war, which will be to them
as disastrous as to us. In England, perhaps not
less than five millions of people depend upon cot-
ton for their daily bread. In France several
humored thousands, if not millions—l am not par-
tienJas in my statistics ;—and when you come to
take into consideration the amount of capital, the
number of Sailors, and the amount of tonnage era-
ploya ,d in this trade,
you will be still more sur-
pris Dd. Why, in the United States there are 40,000 ,
sear aen engaged in the t
you take into account the numbers in
ransportation of cotton
alon Le; and if
Eng land, France, Germany, Rolland, and Bremen
engc Red in it, you will find that it
will
amount to
not ) iess than 10,000,000 of pea_ to say nothing
le.
Y
of t! no hundred millions of mane_
capital en
gaged
in lit. This, therefore, is an element of
great Power
—tl /11 great motor of the commerce
marketsvorld
of the
There is no palyrt
tohfethe woe it We grow it.
that 0.2
grows it as we do. We pp