The New York herald., 1862-01-31

vious to the adjustment of the Trent difficulty. 1t
will be seen that Lord John states that the British
Cabinet is fully satisfied with the action Of Pres
dent Lincoln, although we can detect an anxiety
on the part of the Minister to find an explicit apo
logy for the act of Captain Wilkes in our
State paper. In the Russell document tho rebel
agents are, curiously enough, described as
insurgents" the terms ''belligerent,' "ambassa-
DOR" "agent" or representative, being studious'
ly, it would seem, avoided.
Notwithstanding Lord John Russelrs statement,
the leading London journals continue to speak OF
Mr. Stewards diplomacy, well as of the military,
naval and financial prospects of the Union, in
yery unfriendly strain. Indeed the London Post
and London Times assert that the United States
are on the verge of bankruptcy, fact which Illus
traes their utter ignorance of the resources of the
country and the plans of the Treasury Department,
as well as their bad taste and unkind feeling at one
and the same moment.
In contrast with this we find Mr.. Gladstone, the
Chancellor Of the Exchequer, taking occasion to
make q speech on American affairs, in which
he seems very anxious to allay the war fever
which had been so industriously propagated over
the country just Immediately before. The Chan.
cellor denies that England was ever jealous Of our
commercial progress, and alludes in terms of
thanks to the splendid reception accorded to the
Prince of Wakes when in this country. He also
hinted very plainly at the immense expenditure
which had been incurred by England's war move.
ment towards North America.
The preparations for war were still continued in
that country, and it is said that the frigate War
rior is to be despatched to this side of the At
lantic.
The English journals profess to be highly pleased
with Napcleon's course during the Trent case
crisis The general tone of the Paris press is un-
favorable to the position of England notwith-
standing.
A late despatch from Berlin intimates that Great
Britain may soon consent to treat revision Of the
law of neutrals, but not before Congress.
The King of Prussia mentioned the settlement Of
the Mason and Slidel case in his speech to Parlia
ment at the opening of the session on the l4h
Liverpool was placarded with papers calling on
the people not to notice Mason and slidell and the
feeling Of the English was very adverse to them
personally. Lord Derby's organ-the London
Herasd-came out for their sustainment, but under
difficulties.
The Tuscarora had the privateer Nashville still
cooped up at Southampton. Certain destruction
awaited the rebel cruiser if she came out There
was a report that she had been sold to foreigners
but at the latest moment she still displayed the
Confederate flag. Seamen from the English frigate
Dauntless guarded the docks at Southampton, to
see that England's neutrality was preserved be-
tween the parties, and large body Of artillery
men had been thrown into Hurst Castle.
CONGRESS.
In the Senate yesterday, petitions in favor of
general bankrupt law, and in relation to General
Sigel, were presented and referred. A bill pro-
hibiting American citizens from engaging in the
coolie trade was reported from the Committee on
Commerce. Resolutions were adopted directing
inquiry as to the expediency Of requiring shpmas.
ters sailing to foreign ports to take the oath of al
legance calling on the Secretary of War for a
tabular statement of the number, character, &C.,
of all vessels purchased or chartered for
the War Department since April last, ask
ing when the sailing ship of the line
Franklin was changed into steamer, and
when she will be finished; and authorizing the
Secretary OF War 10 procure from officers and
soldiers now prisoners Of war, allotment pay for
their families. A resolution to print five thousand
copies of the euloges upon the late Senator Ba-
ker, was negatived, The Military Committee were
directed to inquire into the management of the ar
my hospitals and report what legislation is neces-
sary to correct any abuses existing therein bill
providing for 'the construction of military rail-
road from Kentucky to Tennessee was reported.
The consideration of the resolution regarding the
expulsion of Senator Bright was renewed, and
Mr. Howe of Wisconsin, and Mr.. Wimot, OF
Pennsylvania, spoke on the subject
In the House of Representatives, the bill to pay
the expenses incurred by States in enrolling, fit
ting out and transporting troops, was laid on the
| table by vote Of SO to A. The consideration Of
the Treasury Note bill was postponed till to-day.
| In Committee of the Whole, Mr.. Cox, Of Ohio, in
an able speech replied to the remarks of Mr..
Gurley upon the conduct Of the war answering the
general charges of the latter against General
| Mcclellan. The House then passed the Army Ap-
preparation bill, as originally reported, and ad-
journed.
MISCELLANEOUS NEWS.
By the City of Washington at this port, and
the Anglo-Saxon at Portland, yesterday, we have
news from Europe to the 18th Of January-dve
| days later.
The Liverpool cotton market was dull on the
18th inst, and prices had not rallied from decline
Of the previous day. Flour was heavy. Consols
| closed in London on the 18th inst. at 93A. The
bullion in the Bank Of England was increased by
| f245 900.
Napoleon was seeking to economize the ex.