The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-02-18
Our London correspondence.

LONDON, Feb 2, 1861.
ae,;,s i. F,rope- Warfse Movements Of the Grsa Poo
e-7g Nagian E,sss,ons-TTe American Crisis IN Eng
Iard-7ze Neao India Cotton Company, dc dc, dc.
General Expectation is commander chief OF affairs in
Enro,c We have all got to be kept on the tenter
hooks or uncertainty about the time that you
hayo-til the Ides of March The expectant month Of
March s going to perform miracles both sides OF the
Atlantic What your new President is going to do is to
here matter Of very profound uncertainty; but in
Europe there is every indication OF sanguinary war;
Russia moving aud concentrating large bodeso roops
Austria providing great fleets and armies and Garibad
has not yet shown change of purpose towards Venea
II very certain that the Hapsburgs will not give
up their only hold Italian soil at least without tire
mendous struggle.
The elections in North Italy have shown very large
maores in favor OF tho government aud Count Cayour
This shows the confidence of the Pedmoatese in the
great statesman Of tho country, and is an indication that
Garibadi must wait the move OF public opinion before
he attempts to lead his legons into the arena Of tho
dreaded Quadriaterai
Here in England we are waiting for Parliament
to meet and forming speculatons as to the future.
Parties not going to be quite SO evenly
balanced as they year The conservatives have
gained several members by the scattering elections and
the liberals have a settled conviction that they
swinded OF their share OF the legislation in the last
session. IL LOru
Gibson Mr. Gladstone aud Lord John Russell and OF their
colleagues ihe liberals he must do something to appease
the Of the defunct paper duties repeal bill That
matter, with all the aid OF the Tunes will not be permit
tod rest is and my Lord palnerston may well
make up his mind TO it at once.
The most active outdoor business now carried on s
fearful accidents railways. There never was known
such OF the camtes and they do net seem
TO with the very cold weather. Two days ago, on
the London and Southwestern line, DR. Bay, the physi
clan extraordinary TO the Queen, was Killed instantly
Sidney Smith said notice would be taken OF railway
accidents by the government until peer or bishop was
killed. Perhaps the terrible death OF member OF her
Maosty's householder one near to herwli have some
good effect.
The papers still discussing secession in the States
but this week not so mucn as oimery. They seem all
peotng the aspect OF affairs at the south They
don't know whether 10 applaud the North or the South
The bulk Of The sympathy is with the North but the cot
States have direct hold the pulsating hearthe
wheels and axles of the cotton machineryof Old Eng
land that cannot be severed.
The commercial item of most interest this week is the
formation launching OF the 'lnda Cotton Company
Incorporated under the limited liability act.
sterling, with power to increase. There is EVIL
IDENTIFY be hercuean effort TO increase the production
of cotton in her Naestys domnions particularly In Est
India and Australia. Whether that can 20 accomplished
to any extent by Joint stock company, to me appears
doubtful There very distinguished names on the
directory, but they have one OF the Gurneys-of the
house OF Oyerend, Quincy Co OF Lombard streetas
trustee.