The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-07-04
EUROPE.
OPINIONS OF THE ENGLISH PRESS

OPINIONS OF THE ENGLISH PRESS.
From, the London Morning Postl
The complication of affairs in America appears
to grow with every mail which reaches this conn.
try. The Federal Government has not oply to en-
counter the direct hostility of the Southern States
but it has TO consider and deal with those State,
the neutrality of which, as in the case of Kentuck v
rash movement may convert into bitter and re.
Vengeiul enemy. Virginia is affrighted at the
prospect of becoming the great battlefield of q
war with which considerable proportion of its
inhabitants have no sympathy. Unless operations
be confined to the sea, where they most likely
to be efficient, many of the border States we fear
may be driven in self defence or at all events, Ia
protect their neutrality, to cast their 10. in with
the Southern insurgents We thus NAV see an
extension OF the area of the conflict, and The ouce
great American Republic permanently split IN
INTO three considerations, severallY representing
the several Southern, Border, and Northern State
interests We admit the difficulties which Mr
Lincoln has to encounter. The sympathy of Eng
| land Is with the North. We have no riGht No do
sire to intervene in the quarrel. Our duty is m
observe position OF strict neutrality, but at nre
| sent the policy of the Federal Government is ut.
terly lnexplicabe. 1t collects arms and men, but
hesitates to strike blow. If compromise were
possible, we shoud approve and applaud the DELAY;
but as we think it is mere delusiun we can only
interpret the course of Mr.. Lincoln as an unmis.
taxable evidence of weakness and vaci!lation.
From the Money Market Rerieey.l
We have been in the habit of regarding the
United States with great respect as the pri6cipsl
providers of the cotton whereby four millions of
persons IN this country subsist Let US not forget
that we must now transfer this feeling to the
Southern section of the late Union. Our mer-
chants and manufacturers will do well to cultivate
their private means of communication and of inrnI
ligence with the Southern States which are solely
the cotton producers; for upon the action that ma
be taken by the new Confederate Government de-
pends the question of the future cotton supply in
default Ct the ability of the North to establish an
ea1c,snt blockade, which alone could claim to be
lieu according TO the law ofnations. 1t is
80 drawback at the present moment that nearly
ali tue American intelligence that reaches Fnna
comes through the Northern States Aud; 11tr
PoT5em Is motto which can never be safely disre
garded where there is desire to srrivn Of oosae.
conclusions upon any point to which there are two
parties. WV
From the Saturday Reuieu1
The crime of England is that an opinion which
was universal in America two months aoo hos not
been abandoned in Difference to the sudden ovraton
OF Northern feeling. The United States officers
shil recognize their adversaries as open enemias
ana whenever they can control their troops thew
VIII undoubtedly conduct hostilties according to
the laws OF war. It is only when the COME ierata
nag comes in collision with neutrals that bellioe.
rents are suddenly reduced to the condition of
pirates. VI
All dspassionate spectators perceive that Tho
complete success of the Northern Government ia
Impossible, and many causes will tend to abate the
excitement which has recently blinded the people
% S3a lneir leaders. Mr.. Jefferson Davis, knowing
faa hlerlority 10 men and money, will not seek de-
terr;ty advancing to the North, and in his proper
attao he is invincble, or rather he is safe from
on with war on great scale can only be carried
buster sboug great standing army. 1t is easier to
and pay loo od Saf million of men than to feed
are little scr The people of the United states
| to incur Iarraneo to taxes, nor will it be easv
soon it becamsse debt which would be repudiated as
If the sacrifice to provide for the interest
would have provi we're undergone, the Republic
rank and s 1ep body of veteran mercenarss Tue re
with ns1ba as Of the regular army viii be the
Americans 90 an admxture of Germans; and. a.
PRAYER or more Indifferent to constitutional either
ba DE- ooI.n were Conquered, the army couId nnt
h u,soahaed for it would be necessary to retain
lhe seoeuers oy force within the Union which al
claimed them The most sanguine Nor hnrcn re-
tcian can scarcely believe that the slave-owppera
VIII be henceforth conciliated by concessions such
as those which were soornfully rejected when they
were eagerly put forth by the Republicans,