Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1862-01-02

The money article of the Philadelphia Bulletin says:
The foreign news caused evursh and excited stock
market to day with downward tend, ucy, particularly
III "ancios" The best bids for State loans one per
cent below Saturdays prices. In monetary circles there
is much dstrust aud capitalists oldng off TIL tie
buster and excitement Subsidies. he general belle Is
that the English press eXaggerates the policy Of that
Government, and that tie difficulty ore that can be
settled by diplomacy The affair wl however, Doubt
less have the good elect I'll arOusing Out czaus TO a
sense of weakness in the defences Of this lie lily,
and settling the dispute at present existing between the
State Department and the State Government respecting
the necessity of Their immediate improvement
| The New York Herald says:
TIE Ma3on-Slidell affair in Eng4ud appears to have
assumed helligereD and menacng aspect. The truth
is, that if the British Cabinet have been broodng upon
the advantages of with US, it is only by an in-
flexible adherence to marame rights thai war can
be avoided. The evidences of her unrendy disposition
have been constantly b6trGyed in every age OF this
Southern REBELLION. Her ministry and her leading auTD-
ais have iabored 10 their utmost thousand devious
ways, to uphold the sinking OF Davis and his
be!ious Conlederates and to misrepese0t and dispar
age our army, ouc Government and our prosecution of
this
The rebel steamer Nashville is piratical cruiser ac-
cording to the Convention of Paris 10 which England
was party his piratical ship, preying upon our
commerce. aud immediately after she has captured ard
barned one Of merchant vessels, is admitted into
British port and there permitted to rtft and rovic
| y
of her Majestys proclamation Of neutrality and in pal
pable violation OF the spirit Of that proclamation. Our
Secretary oil State, when waited upon by Lord Lyons
with bis ultimatum in the OF the Trent heavily
Over-baance his account iii demanding explanation
of the very offensive case of the rebel steamer Nash
| vile.
We sured OF the competency oi Secretary
OF State to produce parse in the hasCy and c0psi
cred warlike fllmnatjons of the British Cabinet We
expect that lie will meet the eQusitiors LoFd Lyons
| trV a nj
precetents authorities and legal opinions, and WHY such
a catalogue OF positive offences against Imaginary
outrage will carry convict with it to every State
of Europe, and compel England to recee from her
weak and untenat, Inconsistencies, Ia any event, the
Surrender o. those notorious traitors Mason and Iiel
into the hanrs OF England is absolutely out OF the qus
| ton
The Washington correspondent If the New York
Herald writes, under date of the 9h from Washington
| The President is resoIutely determined veto any
scheme whatever involving the emancipation OF neg os,
in such manner that they Turned loose upon tie
Southern States on tquaty with the gblte OcCupl
eTs OF the soil lie, on Saturday evening" uttered the
following words -"emanCpati0n would be equivalent
& John Brown raid, a gigantic scale. Our position
is surrounded with sufficient number OF dangers alTea-
dy. Abolition would throw against U.s. rrevocaby,
the four States Of Ai ssouri, Kentucky, Virginia and
Maryland which is costing the nation such efforts
regain. We have hands full is and il there is
to be any such suicidal legislation, might well cut
loose at once, and begin taking up the pre-
vent bleeding to death" My informant has given
me these words that fell from the Presidents ps
nearly he could remember them and thinks they are
exactly what he said He spoke orc,oy and energeti-
cay, deprecai0g thar useless whatever
poiut OF view might be regarded the anaca dstur
bance which the ultras of Congress endeavorng
| create.
The Washington correspondent of the New York
Tribune writes:
The news from England continues 10 be- the one g.
pic of conversation. All spacious approve the
closing advice of the leading article in he Tribune
The general feeling among Americans is, tGat the Uni
ted States never give up Mason a4 Slide. Among
EDglisbmen here, the belief is universal That tie Euro
pas intelligence is correct, and that is inevitable il
our Government sustains Capt. Wilkes iiey say tha
there are more grievances than taat Great Brit
ain has endured from the United as more ;an fral
any other power and that not take high grounds
this last transaction would be TO degrade b. yse in ht
estimation Of European powers. They ado that there
is additional for offence in some o the earlier des
patches of Secretary of State, which ncud
cd in the recently printed volume
1t that the diplomatic body regards the cri
sis as grave one, and looks upon with England
imminent, believing that john Bull will demand the re
turn OF Mason and SIidell ia terms SO peremptory
to preclude negotiations and prevent GoVernmen
from ofseting the treatment OF the Nashville agains
that of the Trent