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


From the London MorRing POSI-
The complication of affairs in America anneora
| 10 grow with every mail which reaches this conn.
try. The Federal Government has not oplv to on
counter the direct hostility of the Southern States
but it has TO consider and deal with those Stsfa,
the neutrality OF which, as in the case of Kentrcsy
rash movement may convert into a bitter and re.
Vengeiul enemy. Virginia is affrigbted Mt the
prospect OF becoming the great battlefield of a
war with when a considerable proportion of its
ihhaoitanis nave no sympathy. Unless operations
be confined to the sea, where they are most likely
to be efficient, many of the border States W e fear
may he driven in self defence, or at all events IN
protect their neutrality, to cast their 10: in with
the Southern Insurgents We thus NAV SEQ an
extension Of the of the conflict and The oncs
great American Republic permanently spIit mn
INTO three confederations, severalv REPRESENTING
!hs several Southern, Border, and Northern State
| iInterests We admit the difficulties which II r
Lincoln has to encounter. The sympathy of Eno
land is with the North. We have no riGht mo to
| sire to intervene in the quarrel. Our duty is IN
observe position of strict neutrality but az 1ra
! sent the policy Of the Federal Government il nj
terly inexplicsble. 1t collects arms and men Int
hesitstes to strike blow. If compromise were
PusSioe' we should approve and applaud the delay;
put as we think 1t is mere deusiGn we can only
interpret the course of 5lr. Lincoln as an unrnis
taxable evidence of weakness and vacillation
From The Money Market Rerie,r.l
we nave been In the habit of regarding the
United States with great respect as the princinaI
providers of the cotton whereby four millions of
persons III this country subsst. Let US not forget
Ihat 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 ;nrol
ligence with the Southern States which are solely
the cotton producers; for upon the action that NAV
De taken by the new Confederate Government de-
pends the question of the future cotton supply in
oeisuit Ct the ability of the North to es ablsh an
encient blockade, which alone could claim tn he
according to the law ofnatious. 1t is
-, VI "pacA az the present moment that nearly
ali the American Intelligence that reaches Enrona
comes through the Northern States And; oJ,erao
Pdriem is a motto which can never he safalT a.
garded where there is desire to arrive at corrat
conclusions upon any point to which there are two
parties.
From the Saturday Rerieul
The crime OF England is that opinion which
was universal in America two months ago has not
been abandoned in Difference to the sudden pyration
of Northern feeling. The United States officers
still recognize their adversaries as open enemies,
and whenever they can control their troops thew
will undoubtedly conduct hostities according to
the laws OF war. 1t is only when the COME ierate
flag comes in collision with neutrals that belIoe
rents are suddenly reduced to the condition of
pirates.
All dispassionate spectators perceive that the
complete success of the Northern Government is
impossible, and many causes will tend to abate tho
excitement which has recently blinded the peonls
ana ana their leaders. Mr.. Jefferson Davis knowing
St hieriority 10 men and money, will not seek de-
territyad vancing to the North, and in his proper
attack ne Is invincible rather he is safe from
on with war arc. on great scale can only be carried
bluster about bsi, standing army 1t is easier to
ars e Of the u i6sn sssa
to incur large debt u 70 taxes will it be essy
necessary would be repudated as
II the sacrifice we're undergone 1 .h ene interest
would have provided itself with master mas Republic G
rank and hle OF the regular army will ha me
with, perhaps, an admxture of Germans. an ,ddsn,
Americans are well aware, no race is eitba as
drawer or more Indifferent to constitutional forms
Ii the South were conquered, the army could not |
De dsbanded; for it would be necessary to retain
the seoeders by force within the Union which re- |
claimed them. The most sangune Northern poll |
tlcisn can scarcely believe that the slave-owners
VIII De henceforth conciliated by concessions such
which were scornfully rejected when they
"eFssagerly put forth BY the Republicans.