Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-08-19

CONDEMNATION OF TIE AMERICAN BLOCK ADE-
FRANCE AND ENGLAND LIKELY TO INFER
FERE-AANCHE9TER AND THE SUPPLY VI
COTTON OPPOSITION TO The NEGOTIATION
OF THE AMERICAN L0AN--TAE CONFEDERATE
COMM: SloSKRS, &c. .
The Persia, at New York, sailed from Liverpool be
tore the OF the battle MANASSAS arrived OUT
She, however, pissed the Canada, nnh he ueWs OF
board uear Queenstown, 50 that The leEt arrival vii
reporl It's if,es in Furspe.
ENGLAND AND rHK sLooEiDE-A SERIOUS THREAT.
From The Lolden shppiag Gazette, Aug. IL
The blockade oil the Southern States aud tae manner
Ia which il is effected by the Federal SQUADRON cir
eulnstuces which have begun 10 attract considerable,
attention in this county, and hardly fail 10 lead e
some decided course OF action the part of the gov
enme of England and frauee and probably OF Spain
The principle that blockade 10 be blockade must bs
Elective has been fully recognized BY the American
gov, rnuien; aud 1t Is the plain duty Of he L.iins
maritime Sts,=5 OF Eutope whose commerce is every.
where, 10 that 1t IS adopted on the American
board Several complaints have reached US OF boardngs
aud seafchngs OF British vessels by the cruisers OF the
Federal government occasionally, il may believe the
compainants, accompanied by conduct on the part oil
the American officers which seems to be hardly justii
BILE. Two British vessels with their Cstgoes namely,
the Trop!c Wind aud Ha~athG-haye been condemned
by the District Courts Ut the States, the coast Of
which they captured and questionable have the
decisions Of the Judges of these courts appeared that
these have been referred the Supreme Court O
The UuiOn With what result does not yet appear.
The federal government; is bound by the existing law
Of maritime blockade, aud il will be expected to cou-
form il by the European Powers II not il will be
the duty OF those Powers TO that the commercial
hees which claim the protection Of their gs neither
molesed nterfered with on the pretence Of breach
Of blockade
1t has been stated that Admiral Milne commanding on
the West India station, fading himself placed in pc.
sition Of difficulty, aud i'll tho ne'ghbornood Of opera.
tons the proptiey Of viii he does not exactly
prehetd has written home Tor Instructions. We are
not yet what may be the decision OF the gov
iu reference TO the very important question rails
I'd by Admiral Hilnes dispatcher; but this wall
te 10 say that there will he the part Of
government from the principle laid down in the dec
ara,ion OF Paris relative ~ the effectiveness OF block
ad,s aud have every TO believe that Ministers
will have, Ia the enforcement of this policy, the hearty
cooperation Of the Eench government. Less than this
cannot be expected from the government OF States who
lead the maritime commerce Of the world, and bound
that impeachment shall be east in the OF the
operations of that commerce. except such ia natural
10 state of war and sanctioned by the u.ages Of
tons. .
Ii naval resources at the dspoa.l OF Mr.. Lincoln
aud his coa enable them to establish and maintain
effective blockade along the vase sesboard Of the
cedipg States we'll No foreign Tag has right to break
.uch blockade and no such violation OF recognized
right i be sanctioned by the European powers, and
especially 10y England and France But IL il shall ap-
pear thai. the southern coast is not effectively bockaded
out that, nevertheless, seizures made the high
OF British French ssels and their cargoes
pretense OF having broken blockade fairly estab
shed Eeu il will be the duty OF France aud England,
at whatever hazard TO maintain with all their power the
freedom Of the seas and to cast the responsibility OF any
collision that may occur on ho,e who ~antOnly provoke
by disregard OF thcse Obligations which the code Of in.
tcruationa Law imposes al maritime States We do
say that the necessity has actually arisen for action
90 prompt aud decided the part OF England. We
have strong hopes that the conflict in the United States
viii not be- prolonged But cannot disguise from
ourselves that events have occtred aud ac have been
committed which, il they be repeated win render de.
cisye the part the English the French
government OF both combined, perattye aud the
occasion arises believe neither government will lac
found to hesitate in the course Il should adopt.
ANOTHER yiEw THE BLoCKADE
lSsosl the London Herald, Derby ors.nl
II il be- made out that any blockade is iuei cieni
not single prize be condemned, but Ii suits Il 9
purpose OF the Federal Government 10 make captures
,hOugh tue ships must ultimately be released This
policy however does not suit purpose for the iisk
of capture and detention has practically fer the
men destroyed our Amer lean trade and the knowledge
Of this aud the conviction vi grave diplomatic bun.
dor which may involve fearful cons, lsnces during the
recess has very likely 10 do With Lord John Rus
sells retirement froG ihs House OF Commons than Is
generally supposed Lord John Russell has not been
match tor the w,y Western lawyer into whose haod5
tho tssuea of the Unisd stsa have fallen add he has
IL plaiu English been ah1meully Oseffeachei.
With tho sOppsge ol the American supply of cotton
Manchester from sheer necessity must fall 10 pieces
matter what she supply ui cotton from India. or the
Cape, Jamsica may be IN The meantnei and we're SO
great nerrst 10 lie destroy I'D the stability aud credit
JT the nation Ierd hardly say, Sod!d be put 10 Il
trying test American cotton gives 10 Manchester what
10 otter cotton gve;it gives 1t credit aud the credit
given has glr, been stretched To It's widest limit
| Ten h0usAnd pounds wurth OF American cats0n Glay
be spun and WOVEN in one Manchester factory 10 day
aa the spinning and weaving are 10 sooner over than
the yarn cloth sold and drawn Tor and the proceeds
placed the cotton spiGneis bank account. Farther
il the raw material is well bought: there a clear credit
OF SIXTY days every lot purchased and If ten thou
aud pounds worth of cotton IS spun daily at The ehd
| Of Sky days the spinner LAS cash capital III hand
| Of 100000 This extraordinary system of credit
which has grown up between the cotton States and Man
chester il what Lord john Russell and cthes haze over
booked and when the usu2 ssppJ al American cotton
and credit fsil kschsstes ~ ieI will have 40 choice
b.. t. sIecufnD Cotton supDtd IN large Quantities
and on convenient terms Of credit alone sustain the
| fabric A more accurate knosledge of the cotton
| trace and of American policy il harmony With
precedent and The Law Of nations, ror. save ayertsd
such slternsSes aud rert,pa checked the progress u
the civil waI, bat aou We must trust TO chance Lord
| John Russells American policy must nos bear il.
Il us aud cessation OF the war the iasrys alton oi
other Powers seem, ut the moment only prospect Of
escape from serious soea! aud commercial tTials
ESa+Asp AMP TRANCE gSGryp ~ ACCORD Oh TIE AMERICAN
| ..H oCtsTQS.
Paris Correspondence of Ihe LONDON Peat. AgEutl
The civil war ia 4ueriaa it Il believed is about to
consolidate aud ceaent still closer the alliance between
England aud Framed The hctsh Cabinet, Il Ia tod
announced Is Ia close aud constant spondsnce with
that Of the Tusries The alleged object is the estab
| lshment o. tue inauguration OF a combined action q
| the two FOyernaents towards that Of America. Tbs
cooperation ia to be prosecuted on both and land
and il is added thai perfect understanding the sub
| sct has been arrived at.
! OPPOSITION TO THE ANgR,yLS LOAN.
Noet of the LoadoD journals are vehement in theil
opposition to the dea Of hegolang United States losI
| oa the Stock Exchange They affect To dssai sha
should the Federal Government aud he Jsh Davis Con
iedeIAte leaders BECOME TeconSiled general repuda
! ton Of foreign debts will Immediately ensue.
/ IRAN The London II raid, Derby organ
Not the slightest encouragement should he given Il
the negotiation Of American loan 10 this Market an.
although endeayors may be made to raise the money,
NOT bsliegsd they SiH be sueess'. The losses incur
from the State other securities which have tom tiht
TO lime been hoated here, are caasmols and it'll proba
BILE that the currency bonds and railway shares will b,
further deprecated the rneHce Of the secession
.aeul shall have Seen fully exhausted, Whatever
may be the advantage offered OF tie ieras proposed lo
assisting the federal sthoes 70 raise suppes, capital
sts gl 10 vel to weigh the prospective result Of til,
business before they enter into it.
From the London Chronicle, July, 81
The loan required by the Northern section OF ID,
Dis United States OF America will told, DO uego
tated in London il possible within the e3sa,ng fort
night The negotstors on both a;dsA OF the Atlantic
will, Of course, tale cS,o OF themselves. Their IBID
inss" s hs determined simply upon the prospect tha
NAY offer for their transferring the scrip Unsatisfactory
premium to other parties, Who win accept the risk Of OBJ
taining either interest or principal for their pysapent