The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-17

var with the United States on behalf of an inegsi
pretension which in practice never dinnisned t.ie
traffic one negro. And as little, we trust, are we
going 90 persist in war in disguise against k.azl
when that empire Is free a. England from sn par
tcipaiion in the slave trade. The fears, rea or pre-
tended, 70 which we allude are we suppose, 10 De
regarded the manifestation OF the hamerston
pshcy.
The Liverpool Mercury of 30th of Jolly remarks:-
Puttipg together the explanations given ON Friday
night by Mr.. Dsraeli and Mr.. fitzgerald IN one
house, and those given on Moncay n,gns ny LORD
are still in progress between the two govern nents
Cor the purpose Of agreeing on some common mode
Of action with reference 20 vessels suspected oil frau
aulently assuming nag 10 which they are not Gu
titled.
remuneration Of sach Offensive and uniounded ciallns
is therefore, umeseryed and complete, and Inc
American flag, like that of every independent ma,
ton, is declared to be sfcred on the high seas. II
rs true that the right which is inherent In superior
force If that be considered right at All, s1iI
rezains and that British cruiser may ovefham
any vessels carrying the American nag, az ms Own
discretion acting under the general orders OF ms
government But il will also be at his own FISK ana
chat of his superios. Should it turn out tnatsthe
American flag has been fraudulentiy used, the mat
ter s one that the American government has nothing
10 do with it: bat should the vessel boarded be
really American, PREPARATION would be due Tor the IL
IeeAi act and would no doubt he regulated between
Friendly governments according to the circumstan'
ces of the case.
The London Post of 18th Of July says:-With re-
gard 70 the arsenal itself az Cherbourg, there can be
doubt that, il it be the intention Of the French
Emperor "a maintain considerable feet in perrna
-nent equipment, certain augmentation must be
ssade to OR own navy in commission. But there is
sufficient reason to conclude, In the first place
that be has any such policy in contemplation and,
IN the second, If this were his design. At would still
be o question in great degree independent OF the
Cherbourg arsenal, for it would have been equally
easy TO have maintained such force a. Brest before
Oherbo1rg were complete.
The London Globe of SOth of July says:-The of
Goers Of the Hudson's Bay Company had hitherto
successfully acquired the good will Of the dggers,
and two American STEAMERS, by arrangement with
Gov. Douglas, had began 10 run upon the rlver be
tween Victoria and Font Hope. The numbers on the
Indians and their known yGriise character made
the miners respectful, while the officers OF tho com
pany had helped to keep the Indians IN good hui
NOR. Moreover they have proved Indispensable
20 the miners as guides and allies in all kinds OF
employment, and they had exacted in return good
wages.
The London Eramiaer says:-And now a word as
20 Lord Palmerstons position. There is no example
n modern political history Of such a decline, we
had almost written-fan A year ago he was at the
very pinnacle of popularity parliament was
specially returned to support him. His name stood
IN place of policy. Raised so high, he lost his
bead He thought there was nothing he could not
do; that his name was tower OF strength. He
tried his strength against public opinion, and it was
kicking against the pricks. The things concerned
were Small tnlIHs, ana Tue ISSUE WAS 81 uiuCu tLc
worse, because the things were small and the dis
grace out Of all proportion great.
The London Herald of 3Oth of July remarks:-The
maritime powers of America aud the European con-
tnent vie with EACH other In surprise and congratu
Rton at the oblicuity Of our shipping laws. They
find that we have given them an immense advantage
st our own expense, and have surrendered our ma.
tioDal rights without any recompense for the conces-
sion. When the greatest maritime empire In the
world holds ont such incentives 10 foreign countries
for an encroachment on its natural resources, ii is
not surprising that the inferior commercial States
are ready TO make the best of the opportunity. We
have frequently had occasion TO deplore and to
plain the present position OF the shipping laws,
which are, in view, the greatest existing sur on
parliamentary government.
The same paper adds-In looking back on the
varied events Of the past session OF Parliament view
them we will, we cannot avoid being struck with
one chief and leading fact-whiggsm is, TO all vital
ntents and purposes, defunct and dead.
The wolverhampton (Eng) Chronicle says-A
letter has been received by Mr. Watkins, Little Lon
don, wienhall from his brother Thomas, who some
time ago emigTated with others OF the Mormon faith,
in which he expresses his regret that he had ever
been led astray by the accursed Mormons, Who he
states in entirely different condition 70 that
represented by their advocates in this country Trade
n also very bad, and the climate is very objection
able.
The Paris Constitutional of 2sth utimo endea-
vors 20 prove the inutility Of the squadron maintain
ed by England the African coast, and represents
the policy Of Great Britain in the slave question as
being less inspired by philanthropy than by politi
cal calculation. These arguments have been already
advanced by other Paris journals and reproduced in
columns.
The Courier de Paris Of July % comments in
these terms on the interview between Count Cavour
and the Emperor at Plombieres:-Without exagge-
rating the bearing and consequences OF the journey
Of Count Cavour TO Plombieres we may assert that
the honor conferred by the Emperor Napoleon ill.,
on the Prime Minister Of king Victor Emmanuel is
decided reply to the suggestions OF the Austrian
xbt 1apptaf nQ IA ahan md hx
France, compromised by England, and replaced in
her former obscure position in Europe. Sardinia,
far from having lost favor Of late has fully justified,
by her perseverance, and prudent policy the distisc
tion conferred on her by France and England when
they obtained her admission into the councils Of the
great Powers.
In lis weekly commercial review, the Paris Con
sfsfuf,onnei OF 36th OF July says:-There IL
reason 20 expect an immediate cessation of the
apathy and stagnaton which rule the money
market; but the reaction will not be the less
decided and lasting. The drmness Of prices in the
absence q any movement, betrays the presence Of
capital which is being quietly invested. and which
prepares strong support for the future rise
The Debots which believes that a reaction on the
BorSe is at hand speaks gloomily of the effects pro
duced by the prevailing depression in trading and
manufacturing circles stagnation il says sill pre-
walls; the spirit OF speculation which, when well d.
recttd il the soul of commercial developement is
asleep, and trade languishes. This may satisfy
tain theorists who glance merely at the outside of
things. and who are ignorant OF the misery and
suerngs which result from this inactivity. II Is not
with impunty that our manufacturers. mill owners,
irunmasters and ship builders discharge their work
men for want Of orders. The latter have no exten-
Give savings which 10 depend until the restoration
Of activity and the renewal Of orders, and they
can barely reckon on the necessaries Of life.
The Union moralizes on the receptions Of the
Bourse and describes the fate Of the army OF specu
lat0rs which spraDg into existence in 1s52:-The
Bourse has engulfed many fortunes Of late years,
the soundest securities have given rise TO 50 much
disappointment that time must be allowed for the
cure Of al these wounds and for the restoration OF
confidence. The grand army of 1852 has been dis
handed. The volunteers who joined the ranks with
tbe baton OF millionaire In their knapsaoks have
IN few instances which may be numbered, obtained
the desired million; Others have realized handsome
competency; but innumerabe'are those who have
encountered ruin and misery, II not worse fate.