The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-16


without their pay, and treated more like brulcs
than men. We trust that our financiers will see
that this change at least is made, upon which
depends the success of our cause and the caN-e
OF freedom for all time to come.
Monacfrg Hostility of the EngIxsh Cow
! ernmens and Press 10 the United States.
| by our flies OF papers, which We received
! from England by The Persia, and FROM which
we published yesterday highly interesting and
important extracts, it appears that the hostility
| OF the English government and press TO the
United States has not at all abated. The tome
ofthe London journals is not SO vituperasive
but they breathe quiet malignity and deter
mnaton which is more dangerous. On the
whole The aspect Of the news is by no mesos
cheering. The one bright spot is John Bright's
| speech, which we publish to-day. Lord Pal
merston made o speech in Parliament, in which
he threatens with prosecution all who send ev
convey arms or other articles cOntraband Of war
to the United States, and all fnancicrs who
dare to'take our loan or have anything to do
with it. According to one report he said ''they
| will be dealt with by the governments" and
another represents him as saying "they will
be dealt with according 10 law" The govern
mcnt and the press are openly doing
their utmost to prevent the loan being
taken. Yet they cannot succeed {; for
! while spectators get seven per cent for
| their money on good security, they will not be
deferred from taking the loan either by the on
siaughts of the journals or by threats Of prose
cution The price Of this loan will rise when
the government puts down the rebellion and
peace il restored. 1t is, therefore, an excellent
| investment. Tho republic is rich and Of vast
extent; its resources are boundiess and it is
able to pay all that it borrOws 1t is country
Of far greater area and of Immensely greater
wealth than the French republic after the Revo-
luton, when it successfully contendcd against
! far more numerous and more formidable ene->
mics Than our government has now to deal with.
| We are better able, therefore, to overcome the
resistance even if it should be aided by Eng
land and other Powers.
If the English government should break The
| blockade we have abundant means of retatia-
ton. II it goes to extremes, we can go to ex-
tremes also. We will have control of the cotton,
and We will not let England have pound; and
| ii is admitted by her press that if she does not
get it her manufacturing interests will he
ruined. We can cut off her entire trade with
this country, and that would be death to her.
! Her subjects hold five hundred million dollars
worth of our stocks At one stroke we could
conlscato these unless the holders come and
reside in the country and take the oath of al
legiance. As they would, for the most part,
emigrate in order to save their property, there
would be capital to that amount transferred to
this country for the purpose of establishing
new manufactures. We could bring half of
Manchester and Lancashire here, and, notwith-
standing the war business would flourish. while
! the manufacturing and commercial interests of
England would fall into ruin and decay. We
could thus deal heavy retribation for her self
ish policy in attempting to sacrifice our vast
national and permanent interests to alleviate
her own temporary distress. That she has Sc
cret interests beyond this no one can doubt
who has read her history. She wants to avenge
her defeat in two wars, to assert her maritime
supremacy throughout the world, and to extend
| her dominion on this continent. Her designs
on Mexico are very apparent. Her only chance
is the permanent division of the United States
into two or more factions. which she would play
against each other with that subtle diplomacy
she knows so we'll how to WELD. For many
years she has been sowing the seeds OF discord
in our midst. But the slavery question was the
wedge which her agents in this country have
driven home to some purpose. 1t has split us
in two, but not forever, as she may yet learn TO
| her cost.
If the tone of the British press be any index
of the intentions of the administration, there
can be little doubt that it means mischief to this
country. The London Herald DULY 29), Lord
Dcrby's organ, declares that the blockade
is thoroughly inefficient and contemplate" and
that mot single prize can be condemned
and even il the blockade were efficient the
American government cannot blockade its
own ports, according to the doctrine
which it successfully asserted in The
case Of one Of its own ships at Ma
pies in the late Italian war. Finally, the
writer concludes in these emphatic words
"With the stoppage Of the American supply of
cotton, Manchester, from sheer necessity, must
fall to pieces And cessation of the
war or the intervention of other Powers seems
at this moment our only prospect OF escape
from serious social and commercial trials
The language of the London Shipping Gazette,
the influential organ Of British shipowners, and
formerly very friendly to this country, is still
more menacing. 1t announces that England,
France and Spain will now take decided
course of action in American affairs "and at
whatever hazard maintain. with all their power
the freedom Of the seas. and cast the response
bility Of any collision that may occur on those
who wontonly provoke it by disregard of
those obligations which the code of interna-
tional law imposes on all maritime States.'
This is plain talk, which cannot br mistaken.
and there can be no doubt that the government
of Great Britain will walk over us If We permit
it.
We learn by this arrival that Kingston, in