The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-08-19

MANCHESTER and the supply OF t0ttoa-Op-
position to the Negotiation af tn. Anieri-
can L8Rn-Ihe Conf derats Commission
| ers. &c.
| The Persis, at New York, sailed from Liv-
erpo i before the news Of the battle near Ma
| nassas arrived cut. She, however, passed the
Can ada, with the ne VS. on board, near q ueens-
| town, so that the next arrival will report its
effect in Europe.
| ENGLAND AND TIE BLOCKADE SERIOUS THREAT.
From the L0nton shipping Gazette, Aug ]
| The blockade OF the Southern States and the
| manr er IN which il is effected by the Federal
| squadron are circumstances which have begun
TO attract considerable atten ton III this coun.
try, ard can hGTdlY (ni' to lead to some decideG
course Of actin; IN the pa # the Governments
Of Eaqtdnd ana France, Gnf poSs By n p'fn
The principle thar blockade 10 be u bio 1kade
must be effective has been fully TecCg nizsd ny
| the American Government, and it is Inc PLAN
duty OF the lsattrS maritime States OF Europe,
| WhoHe commerce is evPryw here, to see that 1t
| is adopted on the American seaboard. Seve-
raj con- plants have reached w. or boardings
! and Something's OF B~isfsh vessels by the cruis-
ers of the Federal Governments, occasionally,
if We may believe the compiainaGts, accom-
panied by conduct on the parL OF the American
officers which seems 20 be hardly justiflable.
Two British vessels with their csrgoes-uane-
ly, the Tropic Wind and tho Kiawatha--
have been condemned ny the District Courts
| Of the States, on the coast OF which they
| were Cap.ure1, and SO quest tonabe have the
| decisions OF the Judges OF these Courts appear
| ed that these cases have been referred TO the
| supreme Court Of the Union, with what re-
suit does no. as yet appear
| The Federal Government "a hound by the
| existing law CT maritime blockade, and they
| will be expected 70 conform 20 il hy the Euro
| paan powers II not, it. will he the duty of
| those powers to see that the commercial fleets
| which claim the protection Of their flags
| neither nlolested or EnteyfeTed nth on ths
! Dreten ce oJ Il breach Of biOctqde.
1 Z haS pAap aid hut
| mandng on the West India station, finding
himself placed in position Of difficulty, and
| in the neighborhood OF operations, the pro-
| priety OF which he does not exactly c0npra-
| hand, has written home for instructions. We
| are not, as yet, aware what may be the de-
| cisiou OF the Government IN reference to the
! very important question raised by Admiral
| lIlne'S dispatches but mis- we Will ven t1re
| to say, that there 10 II 5e Tftrtat oH The
part Of our GovernH at from tbs principle
| tHtd d0f07l ia the dectIrdtioa Gf Paris reIE-
t,pe 10 the effectiveness Of 5kVcEdfes. and we
have every reason 70 believe tina: Ministers
| will have, in the enforcement Hf this policy,
ths hearty 60 operation cf the French G0oerTs
Daent Less than this cannot he expected
from the Government Of States WHO lead the
| maritime commerce OF the world, and are
| bound to see that no impairment shall be
cast in the way OF the operations of that com
| merce; except such as Is natural 70 state of
| war, and sanctioned by the usages of nations.
II the naval resources III the dis posai of Mr..
| Lincoln and his colleagues enable them 10 e5-
tahiish ard naiutain an effective blockade
along the vast ser board OF the seeding States,
we'll y o foreign ii y has a right TO br. Ak such
| blockade, and no >uCh violation OF a recognized
| right Will re sanctioned by the European pow
! ers # d despeci2Ily y England and France But
| II ii shah appear thai the southern coast is
| not effectively blGCG ded, but that, never he
| less, seizures are made on the high seas of
| British or French vessels and their cargoes,
| or preterce OF having broken blockade never
fairly esfaOii~uC5 thsn IL VIII he the duty cj
| Iro5ce md Lagiand, ut ,ohate0er aa@lrt 10
sauintuiI. totth at thar pGtrsr the fresd00l Of
tie seas, dad to east the responsibility Of eng
collision that noV 0ceT on these l2ho 6o0lato7sig
| pr0Ueae it by disregard OF those Obligations
| watch The code o. International law imposes
| on all maritime sStates. We do not say that
| the necessity has actually arisen for action SO
| prompt ana decided OF tne par; ol England.
! We have strong hopes taGt the conflict il the
| United States Will not be prolonged. Bat We
| cannot disguise lrom ourselves that events
have occurred and aoIs have been committed
| which il theg be repeated, viii reader Il
| d.cj8lUe n,"cs"tat OF the part Of tbe E7sglish
or the ttench f,pUeTHment, or II both coal 5l7sed,
i'm pgTutice. Gili II the Dcc1sluR crises 70e 6e
liece aelthsr G00tnr.f1tt iUt{t BE- foDnd to h.Si-
| rate ia the course Il Shoi@td aE0pt
ASoTHEs vIkw OF THE sLycaADx
prom the London Herald. Derby orgaul
Il 1t can Dc made OFT that 15sy blockade is lg..
| sfciPAt vt q single 7-i<= co?. b. c0I. te0iaed
hut IL sDitS tae purpose OF the Ftder..i GOV
ecnmeLI 10 make CAPTURES, aItaouko tbs ships
| mast ultimately be Released. TGls policy,
| however. dces not suit our purpose, for the
| risk OF captuIa q and de enIion has practically
tor the moineu t:a ,tr0yed cur American trade,
and knowledge Of tais, and the conviction OF
| u grave Diplomatic hundeT, which may in
! voiye IeaTtu! cOnseq uences daring the recess,
! mas very likely more 20 do with Lord JOha
| RusseIls retirement from the E1G Sc OF Com
mons than is generally supposed Lord ohm
| Russell has not been a match for the willy
| Western lawyer iGt0 whose hands the desti-
| mes OF the prired States have fallen, and he
| has, in plain English, been shamefally over
| re4Chot.
H'th stoppogs of tie american supply of
cotton Manchester, from stesrtaeceSSHg, must
fdtt 10 pieces 40 mater what the supply ct
cotton from India, the Cape, or Jamaica
may be in the meanlime: and we're great an
, III crest 10 Dc destroyed, the stability and
| u edit OF the nation, we need hardly saw
would be put to " trying test. American
! cotton gives TO Man tester what 40 other
| cotton gNes-ft gtee8 it credit and the
20 its widest limit. Ten thousand ponnds
| worth OF American cotton may be spun
and woven in ore Manchester factory
in day, and the spinning aad weaving are
| no sooner over than tue yarn or cloth is sold
| 0nd drawn Tor. and he proceeds placed to the
| cotton spIuner'S oADk account Further ii
the raw material is well bought, there is
| clear credit OF sixty days On every let pur-
chased, and If ter thousand pounds worth of
cotton is spun daily, at the end OF sixty days
the spinner has cash capital in kand of
| ti00, 900, This eXtraOrtinGry syst TEN OF credit
which has grown up bstTsen the cotton
States and Manchester is what Lord John
| Russeil and others have overlooked; and
| when the usual supply Of American c0tton
ami credit fails, Manchester, We fear, will
! have no choice but 10 sucCunb. Cotton, SUP
piled in large quantities., ami on convenient
| terms OF credit can alone sustain the fabric.
| Il more accurate knowledge OF the cotton
! trade and j course OF American policy in har.
| mony with precedent and The law OF nations,
| would have aYertsd such alternatives, and
| perhaps checked the progress OF the civil
| war; but now We mus trust to chance.
| Lord john Russel!'s American policy must
now bear its traits, ant a cessation Of the ,odr,
| or the iHtefUeRtiOa Of altar P0GGerS, Ssenl at
| the moment our only prospect or escape from
| serious aociat a5sd commercial trials.
ENGLAND AND FRANCE UNITED AND IN ACCORD on
TIE AMERICAN QUESTION.
| Paris Correspondence Of the London Post-Au-
| gust l..
The civil war in America, it is believed Is
| about to consolidate AMI cement sttlk cIoaer
! he alliance bst,osen ERgtdat cad France The
| British Cabiuet, II Is 10 day announced is i'll
| close and cons ant CORES pondence with that
| of the TuiieTies. The alleged object is the
| esta ablishment or the "inauguration" of COM
| bined action on tn part of the two govern
ments towards that or America This c3 oper-
alton Is to be prosecuted On both sea and land.
| ossd il IS addet that Il perfect Understanding
| Oh the SIT Ject has a,ready been 0rricsd at.
oPPosITIoS TO THE AMERICAN LOAN.
| Most OF the London journals vehement
In their opposition to the idea OF = otiatilg u
United States loan the Stock Exchange
| They affect TO dresd that, should the Federal
| Go ernment and the JEFF Davis Confederate
| leaders become reconciied, a general repudia-
Lion OF foreign DEBTS will Immediately ensue.
From ths London Herald, cerby orsan.l
Not the slightest encouragement should be
| given to the negotiation of an American loan
| In this market, ard although endeavors may
be made TO raise the money, as Is not beifsusd