, 1861-03-16
English Interest In American Affairs.
Correspondence n. Y. Times.1
Tnvnah, Er'1np I,n1 81

Straws show which way the wind blows"
inu there is one little straw have noticed
here, Indicative Of quite breeze Of interest
towards the West Nearly every "stationer's
shop" II London shows in its windows cards
and advertisements Of Is Maps of the United
states." This is by no meaus insignificant,
lot English ignorance Of American geography
js prorerblal, and VIC have here an induhitable
sign OF awakening interest So far as one 1nay
Judge from the public prints and from CONVEX
sati:'n VIII: men Of various positions in the
c''us;;:e. i ] s:rd Legislative world of Loudon,
fser: s:r,i', Int one feeling here regarding
the Anrs-n difficulties, and that is a war1a
and earnest desire that the matter may he
amicab]y settled. And yet there is nothing SO
frequently said as, II hope the North will not
give up anything Of the priacip1e which they
nave 50 nobly though taruily asserted. There
seems to be feeling that, Of course, q South
ern Confcacracy would have to be recognized
if it sustained itself, but that it would be done
very much against the will Of the European
Governments. The dishonorable means by
which the whole movement has been deyel-
oped, and the utter abandonment of both
worldly and moral wisdom which has been
Shown by the aeceders, meet with common
announcement from all Sides
Thus much Tor the opinions Of people tie
practical result Of the news which comes,
steamer after steamer, is fear, doubt, distrlst
gentleman Of great intelligence, and one
deeply Interested in American affairs, and
thoroughly c0Eyersaut with them, said yester-
day, No man who cared the slightest for his
reputation AZ sane man, would think Of pro-
nouucing any opinion as to the final event If
these complications" Every one at all int.
rested in American trade, or the holder If
American secnritie-, or property Of any kind,
feels hin1eelf upon ia sea Of doubt without 4
bottom or shore"
This is natural and perhaps only tenpor.-
~ state Of things, but there is one more ser-
oua. These troubles in America afford 10
English capitalists what o century of waiting
might never have brought them-a chance 10
push free labor cotton into the market. can
not judge how true it was, but one who ought
TO Know told me the other day that this ye1y
thing was the cause Of the tremendous price
Of money just now. Fi1st came the drains
from America; then many large dealers
Of London and Manchester having met
and formed n strong and wcll-supported
coalition, have been sending very large
amounts Of money to India, for the purpose
Of pushing forward the cotton as fast is
money can do 1t. Every other day read Of
great quantities Of "silyer," or "specie," or
s.money,'' being sent to India. AL this places
the article "moncy" In great demand; the
Bank ct England the other day astonished ey-
erybody by raising tho rate Of discount to s
per cent, though tblE, I suppose, was to do u
nice little stroke Of business, rather than BE-
cause money was really scarce, tor the late
loan was taken at wonderful ratcs-no, there
il plenty Of unused capital here, hut these af.
falrs clog The wheels, and everything westward
is dull.
@The market is unusually sensitive Just now,
Italian news is favorable, American nnf:.yor.-
Die; the Paris Boursc is thrown into cpnyuI-
sions by rumors of the arrest Of II. Afiras, one
OF tleir financial leaders the shock is com
munlcated to London-fuctuntio
OF his release-tlnal quaycrs, and slow return
to uuiet SIN trDes it