Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-08-01

substantial mercantile houses in London, to q
merchant of our own city. The dates are to
the Sd of July, and its contents will be found
to contain much both of political and BUSH
ness interest.
| LONDON, July 2, 1861.
1 DEAR Sig Our last was on the I'D ult.;
| your fayors of 3Oth ult., LIST and 11th insts.,
| are to hand If we held the remaining ship
| meuts per Moses Taylor, and other tobacco
| sold at the same time, we could get more
| money now. If there had been no war, the
sale would have been good, for the market
| would certainly not have adyanced-war
| came, and indefinite fear, and We are asking
/ from ID to 3D. per pound more than before
the war, and we sell a few parcels at these
prices. If the trade wanted tobacco, they
would of course be paid freely, and be cur
rent, mt the paucity of demand at present
| N axes the sluggish market
Ii the war continues, We may contemplate
with confidence the return of the demand,
and be very firm. if even, after one great bat
tie and serious loss there be peace concluded
| there will be a reaction; therefore, the mar
ket hardly rests upon a strong basis, and we
shall be glad TO realize, for a part, at any rate
| at present prices. Certainly it would not be
wise to sell more than part of any interest
because the prospects are very uncertain.
We know no more now certainly as to the
continuance of this war than we did as to its
commencement. Who can tell! We see that
the South cannot be conquered"-cannot
be held in subsection, and the very immensely
of the Northern call for troops and money,
and the impossibility OF complying with such
call, of mai lsainiug such armies, is the best
argument TO our minds that you will get
your own way-a separation; and we incline
10 think without the blOodshed, certainly
without the prolonged war many anticipate.
The New Workers, however patriotic, will
be impatient of the immense waste of blood
and treasure at present sketched out, and
will see, when their temper cOols down, what
the English people have seen from the very
hrst-that separation was inevitable, and the
wisest and most dignifed course would have
been to allow it quietly to take place.
The very insulting tone of the Northern
papers towards this country, shows that they
are angry with US, only because we have (nOf
told) but silently showed them the truth,
and the conviction is growing in our mind
that the unreasonable irrtability the North
exhibits to Us, who have certainly done moth
ing to provoke it, shows the capriciOus impa-
thence which may drop dreadful and grleV-
Ously burdensome war quite as impetuOusly
as they have taken it up.
You knox lockers on see more of the game,
and we feel confident that there will be a
North and South, and it is only question
with how much or how little of bloodshed
will it be accomplished. 1t is very true that
the interests of this country are more with
the South than the North, and the very in-
sultiag and unreasonable tone taken by the
latter will naturally increase the feeling of
sympathy with which Englishmen have re-
garded the Southern right to secede, and
make them more than ever determined n
their policy of recognizing. at least, the bel
ligerent rights of the Southern States, and to
wait, as in duty bound, for the further recOg- |
milton OF the Confederacy, when, by its arms |
or negotiation it is fat acc0nlpli."
For ourselves, as we have said in letter |
to Mr.. Taylor, we are mainly a Southern |
house, and both our sypathies and interests |
are with and for our Southern friends: The |
aggregate of individual feeling makes up the |
national. The patience of the English is be- |
coming exhausted by the tone of the Wash |
ingtOn Administration towards England. The |
press is nothing, but when boil ministers and /
people unite to abuse Us, and for nothing, we |
shall be drawn in feeling, if not in action, to |
that section of the country with whom We are /
naturally in close commercial relation and |
who have done nothing to disturb confidence
and amity in their external relations with |
our country.
For tobacco, the crop of this year must |
now be settled as regards the pitching, and |
we must necessarily assume it to be lessened |
materially everywhere. Virginia and the |
West, perhaps Missouri. will do best. Say,
that is the foundation of the present advance. |
The blockade has something to do with it, |
but not so much; the blockade, effective, |
was not much believed in, and though it is a |
fact, and ships have been confiscated, at |
least detained for breaking it, the blockade is |
less regarded than the crop deficiency, be- |
cause the tobacco detained will come on bye |
and-bye, but the loss of the crop is irrepara-
Die.
We have plenty of tobacco for a twelve !
month to come; but the question is, what will |
be our future supply? and how far can we |
strain the prices paid on the facts already |
known? These are are questions you may be |
sure have our daily care, and must leave US |
to solve them according to our best judgment |
upon the circumstances. Sales We make to- |
day may look cheap enough month hence, |
but you would not have us refuse to sell at |
the present advance if we can get chance. |
We are Fastening the papers for the Viz
ginia Dare We have put the damaged up
TO sale, and the competition was so great that |
it was sold for higher prices than the sound |
valuation of the brokers. Time presses this |
evening. There is not much in this letter, |
but we prefer to send it tonight, and reserve |
to add more completely by Saturdays steam. |
er. Yours, sincerely, -.
P SD July. We shall not be able to |
get the Virginia Dare papers to go by this |
mail. We have lost no time about thisbusiness, |
and are very anxious to put you in posses |
sion of all that is necessary to substantiate ]
the claim on your underwriters.
By the second edition of tO-day's Times, |
we have news to Goth ult, from New York |
reporting that the Columbia District Court |
DEGREES the forfeiture of the English schooner |
.Tropic Wind" and cargo-some $4,000 |
for violating the blockade of the Virginia |
ports. This makes us fear also for the Hia-
watha, which is still detained. We have Sc
cured the interference of our Foreign Office,
so far as instructions to our consuls in New |
York, to watch the case. Lord John Russell |
will do no more at present.
There is nothing stirring in tobacco. The |
comfort is that consumption is going on, and |
bye-and-bye the trade must come in and pay |
our prices, whatever they are.
Very truly,