The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-04-10

From the European Tines March 10.
No subject the whole range Of domeSts or foreign
politics exciting interest al the present moment
than tbe existing condition and future prospects Of hs
feoerai republic OF North America The subject s IisR
haze eraroSsed god deal Of the drt Of tie Hr,ish
Carc the more Necessary a. Commissioners sad 70 h.
their way from TIC seeding States 10 induce Engand
f'0rce 10 d.ts01Citge the southern repai{ic Wh1t
curse his eorntW may pursue on this deo;e gusftion
IS not dlhea,u 10 conjecture. But the most pressing
point pending the settlement Of this phase Is tho new
p,ohibory tari, whichss now beginning to excited con
siderable share OF attention IN America h. done In
this county during the last two hroc week. With
us, the hi es general that Mr. Buchanan before his
final retirement, would have vetoed The measure bat the
same WEAKNESS which marked the lser course Of hs I'D
uinH' ton chung 10 him 10 the close, and be gave his
consent 10 scheme which cannot fail TO deeply inurc
The Northern states 70 have pGrposoly
corirved-thongh that certainly not The intention II
tho iramers-o play the game Of tho South That gaue
nevertheless, has been az efoetuay played a. Il hsd
been originally devised snd carried out by the South II
Is whispered in American commercis' circles tbs
countrP--9nd the statement, we may premise, comes
from the othor side OF the Atlantic, and has an
irg Tor IL truth--that pheD he Southern na,,n5ey,
rctiytd, aad those ~ the NoTh and Wet weTs
s,rnrol than ogichard dollars put r,qutni,o
the egtcU u IL SAID, Of fire hundred housdnd ~ the
iropmasteIs IN Pennsylvania and the cotton mannlac.
tuTefs IN New England, 10 ensure tho passing Of the
tsr8. This may DO fabrication, sander on the mcrl
tcrs q large portion Of them representing
the froe Sats: but IL asserted and commented on as
fact on more than one Bourse in England The state
meut tar VIC know, has not yet appeared IN print
but there be any truth In ~ which we are far from
asserting Il gives color TO Ar buchanan irrcso
luton, who u ono tmc was disposed TO veto
the bin, and was at Iast induced to sian
through the pressure Of hs Pennsy yanian
the rev American tariff that the london TINES IL OK
ceednRy angry With the people Of the republic for
submitting 10 system OF direct taxation isstead or
rgsiy Increasing the duty On imports In order 10
pensh The federal exehequer, and the demova,' nst
trtons Or America EaddJed with the sc0shneps Of
tie act THIS j. really seeing tho mote 10 our broherg
eye without bong conscious OF the beam IN our own
or all modes OF raising the revenue in England
IL unpopular with tho class that the journal re-.
fored TO representa- than direct taxation, and much
unpopuaIity with this class may he traced ~
HIS tenr nny income tar, which b amost the
only forrn of direct taxation, worthy o. the name,
that " known amongst Surely, then, not tho
peorle End fault with the democrats OF the United
States for dielkng method Of raising the wind
which i 70 extremely disasoful 70 the higher css
England Bnt apart from this view OF the subject the
tarf viii have the eject for time least OF nara.
lying the large trade which for many years haa been
carried between Great britain and tho federal portions
OF North America That II VIII give now and lnprCca-
DE- ned impulse 10 rmugglirg and thereby divert logit.
10 rodo into iestmse channels, 10 the conviction Of
Al whose judgment the question - worth respect and
a certain that the commisonersfrom the Southern
States WILL when they arrive mainly rely for with
our government by Offering very liberal tariff ~ the
price of recognition Tho only pleasant bit Of sunshine
10 this otherwise dark picture In the reluctance Of the
new President adopt coercivc measures towards the
South 40 long as concilisory couree Ia adopted the
door stu left open for reconciliation and many persons
believe that the difficulties In the way Of forming a
Southern confederacy insvrn ountable--so insur
ountabe that adhesion 10 the Union again tho only
course left open let the present Misunderstanding
between tho North and the South be amicaby adjusted
lust the mselvcs But a cocrove policy would b. abo.
le'o rr hcih aec,iorg mad SC long 70 Il Is laed 80
VIII have faith in moral over physical power.
John Known ORA affixed Tn France.
The Par. So u OF March - hss the folo~ins eve
hsye iust IN svush small volume, fu Of asyeS, nd