Gazette and sentinel., 1861-06-29

The Confederate StatestO% Recognized at
an carly day.
Loan TO the Confederate States.
The blockade to DO Raised,

tuc hcHlpuiS A'dlailChc, vi tno loth
inst, has the following:
We were shown last night o letter
from a bearer of dispatches from tho
Southern commissioners in Europe to .
gentleman high in authority here, which
contains the most cheering intelligence.
The bearer Of the dispatches il well
known in this city as a gentleman en-
tirely reliable. He landed in Canada,
and making his way through that pro-
vince to Chicago, succeeded in GLIDING
the vigilance Of the Black Republicans
and reached Nashville yesterday. He
Immediately dispatched a special NEE
scngcr to Gen. Pillow, with a letter to
the effect that his documents intened for
President Davis convey the cheering
intelligence that the sum of $500, 0OO,-
600 has been offered to be advanced
upon our cotton crop alone, and that the
Southern Confedcracy will soon be &C.
knowlgcd as one of the Powers of the
Earth. The letter also says that Eng
land and France have dispatched TWEEN
ty additional ships of the line to our
shores, and that the blockade will DO
raised by TN. LIST of November. lie says
that England and France arc with Us In
sentiment. and that our flag will soon b.
recognized by their Government.
The Memphis Appeal, Of the same
date, says:
Major Gen. Pillow has received, from
an official source, and in such q manner
as makes it perfectly reliable. informa-
ton that a bearer Of dispatches has ar
rived from the Confederate Minister'S in
Europe, with advices that England and
! France have determined TO protect their
commerce ON the Western Continent,
and that, 10 ensure its entire safety,
each of the Governments have ordered
twenty additional ships, from their re-
spective natives, to reinforce their
squadrons in the Southern waters.
Another important point Of informa.
ton is, that negotiations for a loan had
so far progressed as to have secured
propositions from different parties and
powers, to the amount Of two hundred
million dollars, upon the security Offered
by the prospective cotton crop, or that
portion of it which will conc into tho
hands of the Confederate authorities,
through the confidence Of the Southern
people in their Government.
The same dispatches also conveyed
the gratifying intelligence that the Con
fcdcracy will be recognized in a short
time by the great European powers;
that the blockade of Southern ports can
be only of short duration, and that ts
season when our great staples are pre-
pared for market will see US infree con-
mercial intercourse with all the worN'
with the single exception Of our persecu-
tors in the North. -.
VIZ make these statements with w
utmost confidence in their truthfuiness-
the intelligence having reached the con
handing General at this point oyei
press messenger from the bearer
European dispatches, who pasSeo
Richmond ON Saturday night
Tie repeated mutterings OF the N"%
ern press for the last few weeks hss
Dictated all the time the probablhnes
+ the results detailed above. and thai W.
were aware of the danger thai -.
imperious demands upon the power
the world would be disregarded.
i, Abolition press of New York CITY,
rially and through their Europesn
RESPONDENTS. have Of late denounceIs
!. the foreign action that has o~ccu.l..d
the question presented by the s..s
%sfTa;rs in America. That they rsos
nized the handwriting on the
have had no doubt ; and the inioIms
detailed above gives abandan. et,usd
of their sagacity in reading the s,ss
the times. The portcnts Of an lnas.h
dent and recognized South, az .
day, are overwhelmingly AN repia
and the friends Of the Soutn 'SN
hopefully. 49,