The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-05-14

-incoion and his Cabinet The whole
ransaction, We are told, completes the
character of Mr.. Lncoln's policy as
including every known kind of blnnder."
Morally" moreover, ''he is AZ fully respon-
'ibie AS the Montgomery Government for
the matters in dispute between
hem, from the arbitrament of reason to that
of arms. for his formal intimation to them
that he was about to resort to force was a
which they could not be expected
10 disregard. "If he meant what he said, il
was the virtual commencement of war; if he
lid not, ii was still more culpable, as an idle
menace. y So, to sum mp the argument tor
The cediDg States, the Manchester organ CON
cludes that not only the moral attractions of
their cause, but the pros poets OF their ulti-
mate success have been materially improved
by driving the last vestige of Federal author
lty from Charleston.
Now, we never had a doubt, from the start,
that II the Cotton Lords had their way, the
M Montgomery Government, after a little pre-
iimiuary atfectati tion of regret that the great
Republic was finally broken up,
wouid be tenderly taken by the hand-free
trade, free shipping and an inviting market
Tor manufactures being one and all much
stronger arguments with Manches ter than
any which the professional " friends of free
dom and humanity in Exter Hall CAN bring
Tor Ward-out IL Is now come TO be much
question in England as in the United States,
whether cotton is really king. King he un-
stionably is in the man ufac turing districts,
but though mighty power in the State, the
money kings of Lombard street have some
thing 10 say on the subject, and we suppose
nowhere can it be more authoritativeiy said
than it is in the following article
[From the London Ecouomist.1
The fall of Fort Sumter must soon, we fear.
If we may rely at ali the drift Of the recent
news, issue in civil war The rumor that the
Southern Confederation intends to anticipate
an attack by moving upon Washington Is
scarcely likely 10 be true, tor President Davis
: "a a 81
would so enrage the North to induce 1t 10
eli ter heart and soul into an inteTneclne con
test with the South. If he were wise, indeed,
he would not have ventured any active colii-
sion at all such as has taken place at Charles
ton. 1t would have been better to trust eX-
clusively to blockade for the reduction of the
Federal garrisOns in the revolted Sta teS. The
moral shock of any collision is most danger
Gus, $ the accounts of the frantic excitement
in Washing ton on the arrival OF the news OF
the collision at Fort Sumter, and the surreu-
der OF Major Anderson, sufficiently prove.
Under these grave circumstances 1t is that
Mr.. Gregory proposes to ask the House OF
Commons on tuesday next to affirm the eX
pediency OF an Immediate recognition OF the
Southern Confederation. We can imagine no
course more dlsgraceiul TO England, or less
likely 10 command the assent OF the popular
body appealed 10. Not that We desire 10
civil war in America, even though the
North should be completely triumphant. We
have often SAID that unless there were u Union
party III the Southern States considerable
enough to make some head, even Without ex-
ternal assis tance, the defeat of the newly Con
federated States by the North, could scarcely
lead TO any good result. 1t would be mere
military conquest; and Il power like the
American Union cannot hope to hold together
It's territory by military force. And seeing
that there Is, unhapply, but little trace OF ii
powerful Unionist minority among the spce-
ded States, we cannot Wish to see Iratrici-
ual strife which would multiply indefinitely
the mutual hatreds of North and South with
out solving the ultima te difficulty. Bat this
is not the question for us 70 consider. 1t has
been Engitnu's universal rule to acknowl-
edge Il Ge JdctO revolutionary government
whenever it has established its practical inCe
pendence oy incontroyer tible proofs-theu
and not sooner. w Whatever be the wisdom or
folly of the war-which there is but too much
reason to believe is now declared be
tween the Federal Government at Wash
iugton and the revOl,ed States--it is
not yet begun, or is only just beginning
There can be no question whate yer of the con-
siitutional right OF President Lincoln TO treat
the hostile Confederation reasonable re-
belliOu, which, SO far AS II trenches on FEEDER
al property and laws, he may resist by force
This is his present attitude. HehOpes, how
ever little we may hope, to suppress the re-
bellion He thinks, however little we NAV
think. that he shall be able to enforce the laws
enacted at Washington, and to redeem the
United States property from the hands of the
seceders. This may be sanguine nay, it NAV
even be a mere haliucination. With that we
have nothing to do. We profess always to
abs tain from Judging the rights of Il quarrel
between a people and its rulers, and TO guide
our conduct by the plain results of political
fact We are now the eve of seeing what
these results Will be. Either war or COM
promise seems Eow inevitable. If it be com
promise, we shall know how to act. If it be
war, we are bound to await the results of that
war. A premature recognition of the South =
ern Confederation would be departure from
the recognized course of England, ana could
not but therefore express Il political bias in
favor of the seceders.
We have thus presented the views and opin- =
ions of two representative, we might say con-
trolling, classes of Euglishmen,--the manu-
featuring class and the moneyed class,-and so
far as rational deduction can be drawn from
the premiees SO markedly discordant, we
should say that the rationale of these views
and opinions, is just this a. We, Englishmen,
have immense interests at stake in both sec
tions of the Union, and ii is for good,
therefore, as we'll as yours, that the Union
should be preserved but il that cannot be
done, then 1t is not less our interest to recOg-
niZe the Montgomery Government, just as
soon as it has shown the world that the revo-
lutiOn it has started can be, and Will be, main
tanned by the sword. Just now, non inter
yention is alike our policy and our duty: the
near future is big with momentous events
which may work u vast change IN the 81 ltua-
tion of to day, and until these attain to trui-
ton for good or evil to America, Great Britain
remain passive and bde her time"
There is still another class of Englishmen
however. whose sentiments are not to be
looked for in the organs of the Gotten mills OF
the money changers-that Will, doubtless
have something to say in deciding the issue
or shaping the policy OF the government IN z
ma tier of this kinda class that gives forth
its sentiment tai utterances for "freedom,
"humanity, - etc, at the anniversary meetings
of the Anti-Slavery Society In Exeter Hall
and who get up great demonstrations ane
solid contribut tions for peregrinating abol
tionists like Rev. DR.. Cheever. This elias.
has ever made great noise in its own little
world and when the proposition comes up
fair and square, to recognize the Cotton Con
federacy, il will be strange if il does not max,
a greater noise than ever against the ''slave
holders" and the 'slaveholding Government.
The noise, however, will soon subside, VIZ
fancy, into silent whisper, If jeff. Davis il
able TO make respec table fight, and the man
ufacturers, the ship owners, and the free
traders can see their way, through his instru
men tality to hetter markets and more rernu
neratiye freights, than the North, with it
Morrill, Tariffs and its Navigation Laws, Il
likely to offer. Great Britain, we must re
member has ever been the most liberal patrol
of slavery, in America, and now that her ma
terial prosperity is come to depend so exten
siyely upon the existence of that institution
we must not be too sangulne that her senti
men tai humanity (for the negro Will SUBS tIac
her sympathies from the Cotton Republic II
this The hour of its need, as summary 4
some of our people are prone to anticipate.
A CRACK REaMRST.-Col. Pettigrew, o
Charles ton, is raising regiment OF MOUNTED
Riflemen for service in Virginia It is com
posed wholly of picked men. each member De
Ing rec uired to furnish his own horse and ac
contrements. The regiment will be special
pitted, it is said, against the f" Seventh" o
New York. The organization OF Col. Petti
Rraw,s command, we learn from a privat
source, was expected to have been complete
on Saturday last, when IL would immediatel
start for Richmond.-Bdlt Amer icdH-
The above is partly true, and AdJu tant BAR
ker is now In Montgomery making the hna