The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-08-26
TN BaITnn PsEss on AMERICAN AFFAlIs.

II
"Three Federal regiments have returned tc
New York. and have met with an enthusiast.
1 tic reception" Whether these regiments
were composed Of ninety days service men
who left the field Of battle when the enemy's
cannon was sounding In their ears, the tele
graph does not state The Repu blicans in New
York. revering the 10 trtumphs Of Republican
Rome, appear to justify disaster and Disgrace
~ accepting and acting upon the Tsxim
gtctrfr causa DIE PIac~it, sod vtcta catont.
Their policy evidently Is to pat q good face
| upon defeat and disas ter. We do not Quarrel
| with them for doing this, because 1t Is only
! IN additional specimen OF that spirit Of ex
asgeration which would be excusable II II
had the merit In any sense Of being true.
I The Northernsrs, to adopt the American
phraseology, have received thorough and
complete whipping" and the elasticity OF
their patriotism can only be measured bY the
folly which has given an ovation to three
regiments who had the good luck to escape
from the enemy in tho chance medley of a
great battle The New York papers appear
moment Of exultatiOn as Of disaster to villify
and abuse England. The acquisition OF Cana
da, according TO the programme Of MIR. Sew
ard, Is to compensate for the loss Of the South.
Cuba is also to he annexed at the first convs
nient opportunity. We have NO fear for
canada, which, On former occasions, and
under more disAdvan tageOus circumstances,
the face Of direct invasion, but against the
90 open attempts Of American sympathi
zers.
ne believe that at present Spain has q navy
amply su fdcient TO secure the safety of Cuba
and to defy any force which the Federal Gov
eminent could bring to bear for the purpose
OF annexing an island which. invaluable to
the South as the great entrepot aud seat Of the
slave trade, ought, according 10 the theory OF
the North, to be Of little commercial or Do
Etical importance to the free soil States The
Cabinet at Washington has quite enough to
do without wantonly offering idsuit to such a
matters as specimens Of that international
bounce which appears to be a chronic feature
OF American character. In the words Of Tom
Thumb, When rebelliOn's dead, the New
York press may take its breakfast" and abuse,
villify and outrage friendly foreign powers, but
at present the task il both premature and
dicuious. In the existing condit on of affairs
in the United States, Maine and the agricui-
tural West have q far greater chance of sepa-
rating from the Union and joining Canada
than British North America nas OF throwing
in its fortunes with the enfeebled, disiocated
and dismembered neighboripg Republic
But still there remains the q ues ton Of be /.
iigerent rights. which continue to excite the
virtuous Indignation Of the Northern press.
The few short, courteous AMI sympathizing
words which her Majesty's speech contains
are sure 10 be misin reTpreted on the other side
Of the Atlantic. 1t is of no use to tell our
American contemporaries that position Of
neutrality is both the in terest and the duty OF
this country. They are irritated and offended
because England has not formally aided and
abetted the cause of the North by declaring
the Seoessionists to be rebels and traitors
| We believe that the Government of this
country can ronly deal. with de jure Gov
er1uents. 1t is q fact that the South has
achieved independence and even if it were
not so. the decisions of the ablest American
| jurists may be cited to show that foreign Gov
ernments are bound to recognize and respect
successful revolt. The United States, before
the final separation of the American colonies
from Spain, admitted the latter to helligeren,
rights. England has done nothing more than
strictly follow the American precedent, which
happens in this case to be in strict accordance
| with public law 1t is, we repeat, the policy,
as well as the in terest Of this country, to ab.
| stain from all interference; and the q ueen 4
| speech simply reasserts this great principle
| OF international truth and justice.
Bat, as the Northern people so wiIully mis-.
In terpret the practical effect OF her Majesty s
| inqnire whether these International proceed
| ings have the sanction Of strict law. We say
| nothing of the article of cotton OF
| which supply sufficient for the consump-
We hear, however, that Admiral Milne, the
commander Of the British North American
squadron, mas officially reported that "the
| blockade is totally inefficient" This state.
ment Of the gallant Admiral has been con.
hrmed in the most convincing manner by the
| action OF Congress itself. An act has been
passed which enables the Federal Govern.
| ment to station vessels Oft the Southern ports
and to collect import duties. AS Lord Pal.
| merston On Tuesday night remarked, this
I enactment would altogether do away with
| the blockade, because il would virtually par
| nit, at least for fiscal purposes, the insrssr
and egress OF every description Of vessels no,
frsignted with articles contrahaad of war
We are afraid, kno wing the Jealous suscsn.
| Utilities OF the Americans, that this question
! OF blockade may involve this country ia some
diff 5ult ooa plicatiors. At present we, in
common VITA the other nations OF Eurone
I
| unfortunately, we should be comp slled to
drift into it, tie blame will not rest with Eng.
| land. but with Government which has
endeayored, to the ruin OF innocent com
| merce, TO enforce the validity OF blockade
| which 1t is manifestly incompetent to main.
| tain. If the statement attributed to Admiral
Milne be correct, the cotton ports In the South
| ara practtcd'ly more free than those of the
| North, in which, still under the modified
tariff, the manufactures Of this country will
bs suhjact 10 high protective, If not alto
| gether prohibitory, duty. Tbs Federal Gov
eminent can, for its own purposes, make re.
la1ations when arms have to be impor ted
| but its indulgence stops where the interests
| Of the British producer and OF British trade
! are concerned.
MR. MUIR AND rHH SOUTHERN ooHrEpBRAcY
From the New York Post.l
Mr.. Robert Muir, who was arrested IS q
| suspected bearer Of Southern dispatches or
| board the Perria, and who Is now at For,
| Lafayette, left ia the hands of the police de.
| tectives q considerable quantity of baggage
| which has been examined. and some interest.
| ing matter has been brought TO light.
A letter written By james S NJ Carter. a,
| Charleston, July 81, and addressed to Charles
| Oavendish Clifford M London, says thai
| the writer attended the Conven ton OF Hank.
! at Richmond. and discloses the following
| financial scheme
alt was aSreed that the Banks should re.
| oeive on dsposit and in payment Of debts the
| Treasury Notes which the Gcyernmeut are
l nj nu IN IN ia of
| 600, End to Day out these notes TO their Gus
toners. This will give them universal chr.
reDcy throughout the Confederate States
and as our ports are blockaded, and we must
| tons, we can use this Government credit
| among ourselves so long as the war lasts
| aud when the war is over these notes will
have to be funded into permanent debt.
'Tke plant tiers are everywhere subscribing
| the half Of their entire crops to the Cover q.
| Inent loan, and 1t is proposed, though not We,
| determ tined upon, that the Government aid the
plan ters to the extent of the whole crop eithaI
| by its bonds or by treasury notes, the Larger
| denominations Of which are to bear an intsresI
| Of over seven per cent which would induce
| many persons to hold them as an investmspt
| TO TN English nlanrler such a plan mich
| seem very rulnous but we have made up our
| minds that the Government must be support.
| ed in the war at all hazards and at any cost
| and should these treasury notes depreciate O,
become worthless. we had better suffer than
| return to such Government as now rules al
| Washington"
| .sAnother letter from Charles ton places thu
| character OF w. "A. Russell, LII ID In pleas.
| ing light
| S"Mr. B. showed me conldentiaily MIR. Rus.
sells letter about the battle; his letter beats
| all have yet seen ia print about the Yam
| KEGS running. He says we could have had
| Washington by merely askirg.
"He says Lord Lyons had an inclina ton 10
| ask Mr.. Seward III the Confederate States 81
America had not the heiligersnt rights, 40.
| cording to his notion, he would certs.uly "a
nit that they had the belligerent peuer.' On
| oath Of secrecy he communicated to me also
| that the first step OF recognition was taken
He and Mr.. Rulligny together sent M. Tres
| colt to Richmond yesterday TO ask Je6. Davis
| Pr0SfdSDt accAnt ~ froa fv of <,,~ 49,