The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-05-24

maintained. Every jurtst must hold that. "A
long AZ Mr.. Preslden. Davis IL President Of
Confederacy Of Sovereign States, he has the
same right Ia issue letters OF marque which
any Chief Magistrate of a repu bile either in
North or South America would have.
LETTER OF MARars DEBATE IN THE House OF
LORDS.
In the House of Lords, ON the 10th of NAV.
the Earl of Derby said that he understood that
her Majesty's Government had come to the
conclusion that the Southern States of Amer
lea were to be considered as beligereut
DO wer, and had referred certain points to the
Consideration of the law officers of the
Crown. The Southern Confederacy has sent
out letters OF marque for the purpose OF COW
ering the sea with privateers. but the North
ern States had declared an inten ton OF treat
ing priyatsers as pirates. He wished TO call
the atten ton Of the Government to the posi-
tlon in which British sailors might be placed,
| for if there was one thing that had attrac-
| tons for them it was privateeriDg. 1t was
also desirable that the British merchants
should know in what position they stood as
neutrals, and also that some declaration
should be made with respect to British sub
| jects becoming privateers. He believed that
the latter WAS a criminal offence, but the pos
sibility of this country being involved in the
dispute between the TWO sections OF the
American States was SO serious that he sim
| cerely eoncurred in the prayer of the noble
| Lord Lord j. RusselD that we might keep
out OF it. He hoped, therefore, that it would
| be distinctly declared that if any British sub
L J
| look to his Government for redress or protec
| ton, but that his blood will be his own
| head. He hoped that the proclamation would
give a most dis tinct and emphatic warning to
| British sailors, and especially those in her
Malesty's service.
| Earl Gran Vile said that he quite agreed In
| the appreciation which the noble Earl showed
of the serious consequences o. this country
| becoming involved in this unfortunate dis
| pute. The noble Earl had correctly under
| stood the answer given IN another place, that
| the Government would Issue a proclamation
| OF warning 10 British SUBJECTS but II VAS de-
! sirable that the wording of the proclamation
| should be carefully considered.
| The Earl OF Derby said that he wished to
| know IL 1t would be distinctly declared that
| any British subject joining in priyateering
| must not look TO his Government TO save him
| from his Own criminal acts.
| Earl Granville unprecedented that this would
| follow naturally from the proclamation.
| Lord Brougham severely denounced the
| practice of privateering, and expressed, in a
| few brief but clog eut sentences, his sincere
regret that by mu tGal concessions the horrors
| of civil war We're not likely to BE- averted III
| America.
Lord Colchester reminded their lordsh ps
| that the right TO send out priylteers re-
| cognized by International law, and II was only
| natural that the weaker State should resort u
this means of annoying more powerful enc
| my.
The subject then dropped
| From the London Times, May ~
| GOLD FROM CALIFORNIA FOR LONDON.
| 1t Is stated that policies OF insurance arr
now being opened here for II 900 900 OF Cali
| tornia bullion from Panama to London, thes,
| consignments being diverted from New Iorl
| IN conseq uence OF the peris OF capture. 1t il
| like wise entIoned in further confederation O
The arguments regarding the adverse eflec
| which must be produced in the Ameri al
money markets by the occurrence OF actua
| war, that some moderate sums are already il
| course OF remittance TO this country to b
lodged at the current rate of interest for de
| posts.
| EXCITEMENT IN PARIS on ACCOUNT or THE WAR
The news from America has unfortunately
created fresh alarm among the French cotto
manufacturers. They fear that their suppl
OF cotton VIII be cur tailed, and that the Amer
lean market Will be closed 10 French produce
| A certain tigh tnesS is observed in the none
market, which is attributed, among othe
causes, TO report that the railway compa
, MES are about 10 issue railway bonds to III
amount Of 24O, 00o, 0OUt.