New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-06-03
ULTERIOR RESULTS or THE WAR.
EPPICrs UPON THE COMMERCIAL INTERESTS OF
THE RTH--CoUNTERBALAHCEs OR EQUIV
.LISTs FOR LOSSES.

ALISTs FOR LOSSES.
To ns Esnor II Tls n. Y. Tribsas
SIN: propose 10 discuss some questions which have
practical bearing upon the financial and mercantile
business Of the Northern Slates as affected BY the
War:
4. An unnecessary alarm has, think, been excited
on the ground that our commerce 10 exposed 10 rick
from pr.raieer, There certainly is very little
10 spprehepd danger from what can be done directly
by the Southern rebels. They have neither ships nor
the means Of buying them Then, to the probability
Of ,hoir being able TO get mp expeditions OF that kind
in foreign ports for The mere sake of plumber il 10
conclusive answer thu, in no country of Europe would
that kind Of bHecdn,iHg be tolerated. The rule was
correctly stated by Lord BroHghaE in recent debute
in The British Parliament, that neutral Government
could not lawfully allow pryaieers 10 be fitted ont IN
liz ports against either OF two belgerent parties. This
was stated broadly to include the possible ooniin-
ency that the contending parties in the civ war now
exiting in rhis country might be entitled 70 be- treated
as Independent belligerenis. But the question ID still
more easy of decision, IT, as we claim the Southern
States have not yet acquired that position that would
jurtfy foreign Government in ireaiingthem az having
any sovereignty. IL would, in that case, be merely
revolt " iii which, Of course no European power could
interfere but during the tendency Of which the Fed
eral Goyernm mt must 30 held TO have sole authority
over all rbe State. long il il pursuing measures TO
enforce taaI authority with a reasonable prospect Of
success
2 As 10 any interference with our blockade Of
Southern ports appears to me there il equally un.
ealed-for apprehension. Assuming the mort niavor-
aOle aspect Of the care that be suppoed vz that
the contest s between two 6ehgrent nG,ioaaia.es--
H. all iyili
tons, the blockade j. ei,ciua because we have
trally naval force amply competent to close every
port Of the South. The principle is too we'll settled 10
admit Of question, that there s at the present
time al lclual blockade which must be recognized by
every European power. But we may also take The
ground, which believe will ultimately have to he
coded by all foreign governments that the southern
States have in sense q sovereignty de Jdct0 The
time since their revolt 10 too short 70 consummate any
,uch pref enson. Whatever delay has occurred ia 10
be attributed rather 10 The fobearanee Of Govern
ment than TO ts want Of intrinsic power to put down
tho rebellion, and until we shall have actually tried our
power without success il cannot be taken for granted
by any foreign poentae that we have not the ability
10 que the insurrectionGry force.
Tho principles upon which these remarks founded
may be said 10 be elementary, and must BIO recognized
by England, France, and every other European Gov.
eminent whenever either of them shall be called to
take decided action
8. 1t cannot however, be disguised even If these
proportions be- assumed that there will still be seri
GUS check to the employment of ships and the carrying
Of merchandise. 1t may be feared by our merchants
that there will be prntcal interference with their prop
ery at sea- However unlawful il may be, and there
certainly IL somo warrant for believing that unprinc.
ped adyentures be found to engage in such enter
prses If the probable gain should prvronderate over
The risk.
Had this not been the case, the save-trade would
long since have teen suppressed. For the
that this infamous traffic has continued in defiance
of the denuncialion by all Christian States and the pen
atty upon all engaged in il of being dealt with as
pirates, we may well conclude that vessels may be fit
ted out for depreciation upon our commerce, even in
ports of those countries whore Governments wholly
Iepudaie tie right Of 30 doing.
We have had some experience in our own country
how easy to got vessels off upon expeditions for
hidden by our laws, whether for the importation Of