New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-08-04
SLAVERY AND COTTON.

ENGLISH PRINCIPAL AID INTEREST At STAKE.
10 ire Editor IF The n. y. 7rsbsh@
SIN: Ii is quite evident from the measures adopted
by the Secessionists in relation to finance and
revenue that cotton is lOw toe sheet anchor VI the
COME crates They have been emboldened to pursue
doir yerous from the suggestion that England
and France -pnnld sanction any course they might
adopt in consequence OF tler dependence upon the
South for cotton For this they have indeed had tco
much encouragement On the part Of merely CONNER
cia men in Eugand interested with e cotton planters
in maintaining tue Southern cotton monopoly. Bat
Manchester after all does not rule England, aud
though cotton is the principal commercial ihterss, in
Great Britain vet there Is another power ever really
10 dispte the sovereignty If King Cotton. We refer
10 the tefests which sto khooers have IN manta..
ing The integrity OF the Uni ed States.
Oh toe hundreds of millions OF dollars embarked in
railroads 10 the United states perhaps oneha is held
in Great Britain and Europe. Beside these, ther4
are Government, Bank, State, City, Insurance, aud
other stocks held to enormous amount by European
capitalists Lis constituency Is formed OF all elasS
--peers commouers, dignes, bankers lawyers, mer-
chants ladies of title, and widOwsali, In fart, WHO
have been attracted by the higher rate OF interest
given in the Uled States 10 invest in American So
curities No doubt an amount is thus represented
equal TO the imneDse amount invested III the import
anu manu- acture VI cotton.
gere we have then, two antagonistic influences at
work-ons apparently careless o; the Union il may
only secure il eotton the other deeply solcious for
the preservation OF the Union, lest 1t should lose i0
interest and princpel which constitute naturally
enough the principal oerest il has Ia continuance
as a Union. AIMING this constituency however, there
are many who have an intelligent perception of the
truths for which we are coutendhg, and who syInpa
hze with Us ia the principle which the nation has
risen in It's might TO vindk eie.
Thus fortunately, not ooly principle but interea
clso will secure she adhesion of an immense number
Bfii-h who will steadfsty oppose any premature Inc
terererce or recognition Of the Corfederates by the
Britt ID Government. Should the Cotton interest pro.
pose 10 rsi,e the blockade e.. open the ports
Closed the capitalists OF Great Britain would interpose
to prevent he contingency OF osing their vast capital
AZ there possibility oi procuring cotton from other
parts If tie goOe tue Cotton Interest is not in ench
tiuht place as the stockhodDg interest would be.
il obvious therefore, that the pecunary interests OF
vast numbers in Europe wil lead them, even without
reference 10 the moral principles involved, TO promote
the weare and integrity of the United States by every
feasible means L. II for the interest of the cotton
IorJs as well as Of capitalists, that this war should
speedily close by the triumph CT the national forces
and the restoration OF the Government throughout the
South We are happy to believe that, even If duty
and profit dill coincide IN this case they do many
of our British friends wold rather lose with than
win with Slavery and the Coufedorates. IL ia
question of some moment with European stockholders,
for if one State may secede all mayin that case, who
viii pay the interest on American bonds and sharesf
VIII I.5rd John Resell on Lord Palmestoni the
coto lords of Manchester b.
Islu 10.