The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-16


slavery, even were not tempted te revive the slave
Trade.
from the london Herald, Dec. 81
But troubled as is the political horizon Of the Old
World the gloomy clouds darkenrg the prospects OF tho
the republican candidate has brought the people Of the
United states face TO fa,e with the "rreessbe con-
nictn The southcrners VII. nave 80 long enjoyed po
erclse by tho Northern Slate. Of their con-
tuay secession begun, and South Carolina is out OF
the Union Before March II s fully expected oy thinking
en- in me States that the great Union win have ceased
TO exit and that its place shall have antago
nisc confcderacies No weightier problem than this
has presented Itself TO the political student at auy stage
Of the worlds history. But whatever may BIO its me
date results the Of slavery we believe is involved
IN the disruption Of the Union Inc slave States VIII
mover hold their own with their present territory.
Checked In thor northward advance their only chance or
safety lies in their Southern Tendencies and, surprising
them To tide over the proeent Crisis with slavery as
anarchy Of Mexico or Central America be engrafted
on their institutionsS In this grave quarrel tho
sympathies q Fngshmen are undoubtedly with the re-
publica1s The English press ks for years pointed ont
the one damnrg spot the oscrchcon of the states but
IN VAIN But the South and North equally mistaken
II they imagine that we behold with any feelings but
greet and disappointment the spectacle Of great nation
frtteng away its strength in intestine quarr and 80
TO speak signing the deah warrant Of its national exist
eLce Tho laest news from the States bespeals fearful
crisis, and which will surely task all Tho prudence
and patriotism OF American statesmen Lot us hope, at
least, the dissolution OF the must
place may lie marked by aboitionst raids serviie
war, no fratric I'll strife between the Northern and
Southern staef and that The secession will not convert
this once iourshng Union Of the Angc-axon race into
two jealous and hostile nationaiities.
But the most remarkable mutation has boon In con-
nection with American stocks and shares. The cir
cumstancc Of the prolific harvest In the United States,
the improved credit OF the country aud the prospect Of
great traffic on the principal lines induced purchasers IN
the summer and Illinois Central which were at heavy
discount rallied FIRST and the movement then SO eoor
mously extended that all the other stocks and shares
participated in the rise. New York and Erie and New
York Central and others at mere nominal values, were
strongly Influenced, anc the advces from the other u 10
OF the Atlantic indicating speculative activity there, the
rise went On from July until September, when
the ordinary reaction ensued, which has since
been further stimulated by the dissensions the
result OF the Presidential election. II must,
nevertheless, be observed that the quotations
yet supported extremely satisfactory considering tho
prospects OF these undertakings Lot discouragng
reliance car b. placed In the official statements transmitted
from New York Chicago &c severe blow TO confidence
in foreign and colonial enterprise has been the financial
expose with reference to the Grand Trunk Of Canada and
Great Western of Canada Railways Not alone have the
shareholders and bondhoders been sacrificed through the
Encouragement Of these under but the probability
OF their realizing the sangune expectations formed
of their dividend capacities exceedingly doubtful
Much yet whsve to be explained before those Interested
will be convinced that the Board in Canada have admins
tered their trust with proper regard either TO the
sruction Of the works the arrangement of the finances
Napoleon's Policy Concerning vcnetia.
Correspondence Of tho london Herald
VIENNA, Dec. 20, 1860.
growing conviction prevails in the diplomatic world
that France through the secret qualifications Of her po
cesson If Vnne'ia g. Ensaa ss,a IL y; Ss, that
tho compensation Of territories which she wishes TO oer
hsh T. ~ h a. sn e ', AT ~
purely Asatc limits. is easy to understand that Rus
uniting TO her 1mnire those d,rent norons Of terri
tory Inhabited by her Greek co rcpionists and which
she has SO long sought TO obtain posseesjon Of Nv this
PARTITION The ruin ~ T,JIsv whoss nost;nn IA consi
dered al Paris as no longer tcpnbe win be completed
The period OF 1854 is long passed away when France
land and sea forces aud made war against the
Emperor Nicholas order TO support aud fortify the
Ottoman power against Russian supremacy and usurpa
ton at Cossen inope and in the two proyncns
Certainly person Europe could have Thought only
few years since that France, who fought with much
resolution against Russia prevent her from putting her
projects into execution In the East could have changed
her policy completely seek to facilitate the OBJ
ject Of the Gar TO parcel and reduce Turkey
TO a state altogether insignificant and deplorable
II results from this that since tho question of tho sale
Of vtnetia by means Of sum Of money, or Of a ter
ritorial compensation at the expense OF tho Porte,
has been much agated in Fr ance, the relations Of
Austria with Russia which had appeared worry friendly
at Warsaw, have become singuarly cool and distant
Tho Cabinet OF Vienna has coE,rvcd 10 penetrate the
nrgues Of the Court OF ST. Petersburg for getting
adudged 20 Austria instead OF ycncta portion Of the
territory Of the Porte, in order that by this partition
Rusea might be enabled also " enter into possession Of
those Turkish provinces which she has coveted with
passion than success up TO tho present day.
II Ia clear that th- Coatian Scav and Dalma,a
populations resist all Idea OF political and aimnisra
tive with Hungary. each OF these three peoples
wish preserve their autonomy, and TO remain sspa
ratio, with power 10 manage their internal affairs
The imperial government encourages with AL its power
the national separatst tendencies OF the nations Of
the South, which have always remained faithful even
during the revolution Of 1s4s The Magyar propaganda
has had the least this quarter.
No,or.o,, III -, go r.... o...,ou
fr,or,esnnrdenca 10 ,ha Iondo, uar,id
p,p,s Dee 90 rsen
The great tonic Of conversation toay l. an incident
which tool nace last ngh, a. ,he theatre An Greene In,
rraI dawn, m ers, nrr,r,anca ~ tha a,
svrie ), = ,.c,odra,na Witch ,.ongh rr,taced rnacr
another sn,hor,s na, 10 veil lown a, ha H. ,rorr az
Nocouard the Tmns,or's Secratary and 1baf An cs,i
net Yum NAV ea Iy form, an idaa ~ the prsas
nre al In ,ha rnors ang Tho vrot,s
are the very embciment az peysecnted innooen The
French army arc be.css svengsrs iberatora d. Thee
IL much exnanaimre n crnnn,ya.r III, 80 sty,-v
Iqreatns ss and adisintres,eaucss Of Fra.rs se;,e
evervtbing eatisfaco,v ~ Tho ond M o.. af,b a.,
Tho sn,ho,sbin ~ tha nioca hing ,rcu rros.n 80 -
Fmperor bav,,o ,n,asted bis ,nicn,io, M GssssStG
~ tho 0fst perYormance grea, n@uber 81 d,non ,,,s