The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-29

be due to the wisdom which planned, the enes-
gy which equipped and the skill and courage
which will have achieved the great objects of
this naval expedition. We expect a national
jubilee on the 4th of March.
The Coming Revulsion In Europe.
When we take survey of the present condi-
ton Of the European countries we can we'll un-
derstand the anxiety and perplexity manifested
by their rulers Never at any time in their his
tory has SO menacing combination of adverse
influences endangered their tranquility. The
shutting up Of the Southern ports has, by cut
ting off their supplies Of cotton, tobacco and
rice, thrown vast numbers of hands out of en-
ployment in England, while in France it has
annihilated one of the most important branches
of government revenue. There are in round
numbers about five millions of people in Eng
land dependent, i'll one way or other, on cotton
manufactures; and of these, by February next,
the greater proportion will be in state bor-
dering on starvation. If already the cry of
distress is beginning to make itself heard
among these persons owing to the mills work
ing on short time, what will be the suffering
when the exhaustion of the stock of cotton
on hand compels them to stop altogether? And
to aggravate the embarrassments that are thus
crowding upon the British and French commu-
mites, there are the further facts Of the de-
cline of their exports to America to
nearly one-half their usual amount, and
the necessity of their supplying the
falling off in their grain crops by the impor-
tation of breadstuffs largely in excess of former
years. To crown their difficulties, specie Will
from this latter fact continue to flow into this
country, disturbing their financial and banking
relations with each other, and causing pros
tration of commercial confidence all over Eu-
rope such as has not been witnessed since the
and it will be impossible for the European
governments to prevent the results to which
want of employment and scarcity of food inva-
riably lead among the masses. Bread riots,
political conspiracies and instructions are
among the dangers they will have to con-
front. Once the ball of revolution is set roll
ing, it is difficult to say where it will be
arrested.
The attitude Of hostility assumed towards lis
by several of the European governments, in the
mistaken idea that by favoring the independence
Of the South they would the sooner bring the
war to an end, will contribute to complicate
still further their perplexities and difficulties
They will have earned our i'll will without hav-
ing made any progress towards the attainment
of their purpose. Especially will England reap
the fruits of her sefshness and ingratitude In
;n@o al ~. e r
events is drifting her, she would, we doubt not,
be glad to find the moral support and assistance
that she will have forfeited by her inconsistent
and unnatural course towards u.s.
While in Europe oil these influences are at
work to punish those who arc lending their aid
to destroy our government, we see in the South
ern States the same natural causes actively in
operation for the defeat and confusion of our.
enemies. The reply of Mr.. Memminger to the
appeal of the cotton planters to the rebel
government for relief shows at once the extent
of the suiferings of the former and of the finan-
cial embarrassments of the latter. When we
find coupled with these evidences the prompt
rejection at the Macon Commercial Convention
Of resolutions offered in favor Of direct trade
with Europe-the object being to delay indefi-
nitely the reconstruction of commercial rela-
tons with the Northern States--we are justified
in concluding that distrust and alarm are
now the prevailing feelings among
the rebels, and that it will not be
long possible for their rulers to hold them
together by the receptions they have hitherto
practised upon them. The anxieties thus mani
Tested will be still further quickened and in
tensifed by the landing Of formidable naval
expeditions on different points of the Southern
coast, and the advance Of magnifcently
equipped army Of one hundred and fifty thou
sand men into the interior. We are much mis-
taken if, between internal discomfort and the
immense military and naval force with which
we are now prepared to operate, we do not by
May next crush out this unnatural rebellion
and restore the protection of the federal
government to the oppressed Unionists
throughout the Southern States The effect of
this prompt vindication of the national authori-
ty cannot but react most unfayorably on the
European statesmen and writer's who have been
predicting the destruction of the Union and
the permanent discredit Of republican inslitu-
TONS 1t will produce results the very on
posite to those at which they aimed, and VIII
do more to spread democratic principles and
increase the confidence in democratic form
Of government than another half century Of the
peaceful developement Of its advantages would
hare 9Qas