The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-16

under blockade and while employing the few ships of
war ct his command In operations against the enemy,
British ships al present carrying cargoes from foreign
ports to ports under blockade only ruu the
leaving with Southern clearance And British ships
fixed abroad TO Northern American ports engaged to
proceed In ballast TO cotton port when their foreign
cargo is discharged, viii be unable complete their
charters and, at serious disadvantage to the owners
have to return to England. There is another danger
still Under the old public law of nations which Is still
the public law Of the United States, prvateers may
capture British ships carrying cargoes the bona ode
property OF citizens OF the Confederate States Coffee
Tor example, al present on the passage from Rio on
British bottom, would be safe were il made out in
American prize court to be property OF British subject
WISE The neutral British flag would not protect the
cation
That do not exaggerate the danger of the situation
70 manifest from the fact that high rate OF premium ID
already charged at oyds on American vessels now at
Resoluteiy bent independence, there is say
ing to what lengths the people OF the Southern States
have already gone and although immensely inferior TO
The North in maritime power they are not without
considerable marine Engaged in the and coasting
tradeof the Gulf of Mexico some Of the best
chAntmen aicat, together with number of powerful
for any thing short of ships OF that the North
can bring against them. With these facts before
them underwriters have wisely advanced risks to
standard and surely the government Usu n0 be behind the
underwriters in speaking ont, thai the business of the
try may not Be unnecessarily inpeded mperil<d II
British ships to carry cotton unmolesed from the
Southern seaboard the the fact is known the
BETTER but the contrary British ships carrying
cotton on the Atlantic to be liable to capture, TIE
sooner Manchester and The country prepare for bad times the
letter and the sooner that budget framed for large
expansion Of trade within the present year withdrawn
and revised the fewer Will be the difficulties with which,
few weeks hence, we may have to struggle
The Paris Press on French Mediation.
The American conflict continues to be remarked in
rather brief terms by the Paris journals Of the I'd OF
May which all express their regret at the differences
that have arisen.
Some OF these journals condemn very strongly the
determination come TO TO issue letters Of marque The
Steele has the following
II may be remembered that the United States refused
70 adhere to the Treaty Of Paris, by which the European
Powers abolished privateerDg II natural for States
which desire to found their nationality the main
tenance Of slavery to have to which
all civilized nations have soemnly condemned We hope
that all the efforts Of the French government mil tend 10 pro
mote reconciliation beneea the U0 parties. We should
deeply regret to see the great republic of the North after
setting an example OF union and concord for three
quarters OF century exhaust its strength squander its
resources, and shed the blood Of its children fratr
cda struggle This deporabe affair involves not only
the future of the United States but also the honor OF
democratic Institutions Liberty will not perish In the
conflict, know; but how desirable it is that its triumph
should not be purchased at the cost of blood