The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-06-08


pool or London. and sold there under a judg
ment from a prize court sitting in Charles
ton or Montgomery. The insurance companies
have probably received from their European
agents more details on these heads than are given
to the public. They must have had something
very substantial to go upon, or they never would
have taken the startling measure of quadrupling
the war risk in single day. The fact adds
fresh Importance to the question which every one
is agitating What are 10 be our future relations
with England? If England, by recognizing the
Southern rebels as belligeYents, and winking at
the departure of privateers from her ports, has
already destroyed our foreign commerce, what
worse could befa us if host.lities actually existed
between the United States and Great Britain ?
The tenor Of the private letters per Austraasan
is, we regret to say extremely unsatisfactory, so
far as British sympathy is concerned. Sore OF
the best informed correspondents write that British
sympathy is decidedly on the side of the South
that we have repealed England by our Morrip
tariff, while the South attracts her with promisee
of cotton snd free trade. We find the same story
In letters boil. from political and from commercial
sources. Tie anti.slavery feeling seems to have
died out in England, and to heve given
place to bitter hostility to- Northern
pYotectionists. If this rs so, how long will
it be before British sympathy finds expression in
overt acts? Hasit not already done 80 by the
Queens proclamation, the privateeYing enter
prises on foot in Liverpool and elsewhere, and the
increased risks which practically compel our yes
sells to- remain at home2 What are ths iustyuc-
tons given to the Admiral of the enormous feet
Great Britain is senofng to our coast? WET he.
tween the United States and England breaking cat
inst as we are embarrassed with this Southern
rebellion would undoubtedly be very great ca
lamity. But if England is bent ON forcing 10 upon
us for the sake of cottony how can it be avoided
Actual war could not be much worse than the
present mock friendship, under cover of which
Great British supplies gans to the rebels, fits cut
priv steers for them, compels merchant vesSels
to remain OF home, allows the rebels to use Ter
porto az depots for their privatecrs, and by Ter
moral support and sympathy gives them courage
to protract the contest with our government
The business of the Sub Treasury to-day was Is
follows
Re,epto.. $142o6l 3s'
-For cu6to MS. ZZOUO VI
payments.'''' Z4I14! VI
baIaoCe.. Az WA IL
The exchanges at the Bank Clearing House this
morning we're $13 1897, s4l 81, and the balances
81 ,0Ol ,l25 81. The Rome end Wstertown Rail-
road has declared dividend of three per cent,
payable July, l. the Flour City Bank a dividend of
four per cent, payable July s.
The deposits yesterday ard to-day of foreign
gold at Assay Office for recoinage are but lit
tie less than 50 SEQ 900. This morning $500 900 of
new coin came in from the Philadelphia Mint, and
the director writes that half million more will be
sent over tomorrow. He promises an average
coinage of about s4OO, 900 per dey for the rest of
the month.
Relative to thb crops prospect of''the West the
Chicago 1'ibaaae Of the 5th inst. -emarks:-
ly warm and highly favorable for tho growth OF the
wheat crop, which is reported as looking we'll all
the Norshwest-bota winter and sprine. The crop
Is backward, and, indeed in some sections the farmers
are still pautng; bat they nevertheless express them
sevee hopeful of affair crop. With good warm weather
in the latter part OF June and in July and August there
is danger. According to advices received from
rous portions Of Illinois, Wisconsin and Iowa. 1t is highly
probable that the breadth of whea. an! and
planted will exceed The operations last year
The unfavosabie weather during the spring months
the excitement also drew from the cocc;ry large
amount Of veluabio labor and time when u was much
wanted The winter wheat crop however via probably
be the heaviest known for some years back and will IN
measure, atone for the deficit in the spring crops
The Cincinnati Price Current CT Wednesday
says: =
Inc weather has been quite warm the last few days,
the thermometer ranging trOr seventy five TO eighty
three Heavy rains have fallen, with damp and sultry
atmosphere, highly favorable for corn but well calcu-
atea pjure the wheat just In Gloom but the
weather curing al, Nay cool, pte7ent.ng it from
growing ranky and rapidly the danger from rust is not
so great as IL would be otherwise. We bear COM
plants regarding wheat but the advices generally, from
all parts Of the country are highly favorable for the
IL n s
adjoining county in Kentucky says that the wheat in his
section seriously damaged, whole feias in
being ruined We must say, however, that the pros.
poets OF an abundant harvest, far fiat erng,
and the weather very favorable.
Tie earnings by the Chicago, Burlington and
Quincy Railroad line in May were
1860. 1861.