The south-western. [volume] (Shreveport, La.) 1852-1870, 1862-05-07
latest from Europe.

T2v he
adyices to the 23d ult. nave peeh ieeei'e' =
the following is summary
Cotton closed firm and buoEant. 900;
The Times speaking Of president lanco1
nation message says it can hardly pc iooAeu up1. |
tlinr more than an invitation to discuss the supIec'
:; onoress It IS clear that if slavery IS to cease even
i; t1a border States change must be acconpisheu y
other means than those at which he points, whlcn
means tits certain, are totally lnapphcaoie u s''0
whole Union. s;,o vii;
e difficult of access does it believe 1t Will snake
tha resolution Of the south. proposition, however
which may possibly lead to cessation OF a irlghtiu
conflict. it thinks is worthy of discussion. :.
THE PAPER CURRENCY OF THE FEDERAL otatEs.- NJ
tho house of commons on the 18th of March, Mf.
Potter asked the president of the board OF uaug
whether his attention had been called to the practca
increase of duties on imports into the United States
consequent upon such duties being payaole ohly ~
speee' the premium such specie being likely TO De
excessive owing to the gradually increasing depiec'a
ton of American paper currency
Mr. NJ Gibson said that at present the government
had received no Information that congress had Passco
any act declaring that import duties should ne pau III
specie 1t might be So but he was not aware o. 'ie
fact OF course the effect in such ease Wouid DC "Aa'
the honorable member has described
The London Times pronounces the seizure OF tnG
British steamer Labuan unustiable even II she hao
landed ordnance and stores at Matamoras
THE SUPPLY OF CoTToN.--1n a circular issued about
the lnldulc VI MatS'i1 41S99t9. -N1AiA N'
It is thus evidently futile to look for any early re-
opennc Of the southern ports and even were 1t othef
wise very little cotton could be brought down before
the summer fall of the rivers Prior to this date last
wear upwards of 8 900 had reached the ports,
leaving ONLY $50 900 to be subsequently received
This season we have yet heard OF any receipts ana
the exports do not probably yet exceed 5000 bales
This however may be increased by 10000 or 5O,OVO
during the reader of the season. by vessels running
| last In thp nj
showed no great falling off relatively to last year. but
the discrepancy is becoming great
The present and immediate prospective supply of
American cotton compared with this time last year,
is as follows lS62-At Liverpool $4,000 bales afoat
nil lS6l-At Liverpool, 7l8,QO0 bales; afoat, 295,
600 Total l0I30y0 bales, showing decrease OF
$50 O0J bales, besides probable reduction OF 10000
bales in the spnners' hands. The deficiency is how
ever, in some degree mitigated by the supply from
other quarters viz: Surat lin Liverpool 1862, POP
600 bales; 1861, 600 bales. Surat ahoa for Liver
pool 1862 POT 900 bales 1861 ISIS, 600 bales Surat
afoat for London and the continent, 1862, $4,000
bales 1861, $4,000 bales Total 1862, 466,OOv bales
1861 1893 coo bales; showing an increase OF $4,000
bales 1t is gratifying to be able to state that East
India cotton is daily increasing in favor, and many
SINNERS are altering their machinery 10 suit It, The
loss in weight is undoubtedly considerably greater than
on American cotton, but not IN proportion to the
present differences in price Yet this difference in
nricc will probably be maintained, American will
shortly occupy tao position Of fancy article for
which more than its relative value will be given for
certain styles of goods for which other sorts of cotton
will not suit.
The people on the continent of Europe appear much
agated end very serious troubles are anticipated dur
| ing the ensuing summer.
| CAN THE UNION BE RESTORED ?--Speculatug upon
this the London Times says:
The best people in the States and the wises people
here all look to IAN amc&ble separation as the only
possible solution of the difficulty and the only way
/ H. r. fna1jt,T th9t
the successes of the north may give 1t the opportunity
| Of making terms somewhat more agreeably and more
adyantageousy than was possible after Its previous
| disasters Even the most obdurate claim ascrlbed to
the north the possessions OF The border States leaving
the gulf States to the Confederate Union; but both
interest and feeling bind Kentucky and Tennessee, not
to say Maryland TO the south 1t must be confessed,
though we have occasional hints i'll private letters and
dispatches about ancable separation, that neither
is the idea to be found in any American document or
journal nor has II here been put INTO any distinct aud
Ineligible form.
The debt the tariff the taxation, the fugitive slave
law and many other questions rise like rocks ahead
we look for the promised day which is to give US
two friendly Unions Of moderate power aud temper,
instead Of the one we find so hard to deal with The
war has brought into light and developed to serious
proportions third party in this confct-the strong,
increasing independents sel-conident western States.
They are now doing the work and they know it, They
/ will not contribute to the payment of the monster
debt can they be made TO contribute Yet, II the
New England States cannot exact it from them from
the south which will find lis burden quite enough
60 bear how will they tolerate the ndigny of paving
the whole cost themselves
4 The INrosslBILITY OF SuBJUGATIoN.-Th London
i Herald of the 18th ut says:
When they have doubled the sum OF their debt al
ready enormous entaed their PosteTity forever the
burden of taxation which the Weather English
man bear chatting; when they have thrown their
hardly won liberties one after another into the crucibc
ASIA.
they will have paid dearly for the honor which the
raw schoolboy teach them the moral of their
history-tha it is impossible to reduce to subsection
ten millions OF treemen determined on a separate
government.
4 CoSrRAsr-Ihe / ,;don Standard, in the follow.
ing shows its thorough appreciation of the two Con
fuderacies:
The accounts from America which we receive
thu ongh the north untruthful and so Hllfuly
perverted be than Strict precautions
have been taken prevent unpleasant truths from
reaching the of the northcr people or of foreign
readers of northern newspapers. Nothing can be pub
lishcd by those organs without the permission of Mr.
Seward who has caused military possession to be taken
of the various lines OF telegraph and has made
every effective means Of terrorism exclusion from the
mails prosecutions before the serye tribunals and the
seventies of club law, in order to check the publication
of any obnoxious reports which the editors may receive
through such channels cannot be closed III similar
manner. Consequently the northern press has
monopoly
are wholly stopped from contradiction. We may not
therefore, place the least reliance on any statement
relative the situation of the Confederate States the
f policy of their government the feelings of the
people, which rest on the authority of northern journals
or the partisans Of the federal government in this
country The utmost pains taken, first to preclude
them from knowing the truth and secondly, to deter
them speaking it, On the other hand receive very
little intelligence direct from the SOUTH but what
do receive seems to be thoroughly trustworthy. TIT
exgencies of the struggle had SOLDERING effect upol
journals and statesmen Of the Contcdcracy and the
are too hard at work and too much in for false
: hood and braggadocio.
Moreover the south docs not write or speak for
, audience like that to which Mr.. Seward and the Ney
York Herald Tribune address themselves. Thei
e appeal is made to of property and education, com
e handing the confidence and guarding the destines
Ii their teow-citizens; not the alien rabble of Ne'
II York. the tanatical abolitionsts of Boston. Their
:, has always been remarkable difference between tn
political systems of the sections of the late Union
the institutions Of both have been absolutely demo
cratic but the northern democracy has been governe
by its TAIL the southern by its head The senators
|, the north generally its representatives invariably
II have been demagogues intliguers nobodies; thos
n of the south have been frequently statesmen
T,n Il