Newbern weekly progress., 1862-01-28
FURTHER BY THE CITY OF NEW YORK.
GREAT BRITAIN.

Pending the arrival of the Europa there was
feeling Of great suspense in England, but the
funds were temporarily depressed. Some
journals argue that a definite answer was not
10 be expected by the Europa and think the
cause Of peace loQses nothing by delay
Others construe the delay unfavoraby The
Morning I'ost thi,tk4i il 3i.ninistes the hope OF
Peace, and that the Washington Government
viii propose compromise, but which will not
for moment be entertained.
The Times asks why the decision should be
delayed if favorable for peace, and says that
the immediate surrender Of MaSan aud Siidel
would have been greater blow to the Cen
fcdcratas than victory on the Potomac, and
worth millions to the Federal eXchcqucr.
The Daily news says nothing but peace.
All the Journals publish the semicoficial ac-
counts from the American papers.
The Government had received an account of
the proceedings Of Lord Lyons up to The Odd Of
December, when he presented the formal dc
nand Of tie BaitiSh Cove nment.
An answer was looked for by the steamer
America, due on the 18th inst, and the Cabi
net had been summoned to meet in Council on
the L 4th inst.
DR.. Russell, in his correspondence to the
London Times, predicts that the Cabinet at
! Washington will refuse to surrender up Nessrs.
Mason and SIidell. lie also says that victory
over the Confederate Army has become po-
litcal necessity, and that Gen. Mcclellan is be-
ing pressed all sides to make a forward
movement.
The advices per the Europa had caused an
upward tendency in the war risks at Lloyds.
| The Paris Patrie and Pays say that the
| Government at Washington offered to restore
Messrs. Mason and Slidell on condition that
England would not recognise the Southern
COnfcderacY.
The London Morning Herald says that If the
Mason anu Slidell affair IS settled England and
France have an inducement commercial
grounds, to recognize the well earned indcpcn-
| dence of the Confederate States, and that un-
! less the step is manfully taken by the Minis
ters at once, it is certain to be taken by Par
| lament on its assembling.
The Daily News says that any recognition
of the Confederate States is too abhorrant to
! English principle to be really subject for
apprehension.
! Additional batteries of artillery under or
dcrs to embark.
| The IoGdon Times shows that by the begin
! nj ne of FEBRUARY the squadron of Admiral Milne
! will number seven line battle ships, thirty
three frigates, twenty five corvettes and sloops
of war, and speculates on what he can do there
with.
The shipments of ammunition to the Atlantic
| squadron continues unabated.
| The privateer Sumter, arriving of Casdiz
with the officers an crews of the Federal mer-
chant vessels solicited permission to enter the
port The American Consul demanded that the
reqnest should be refused, but it was
granted on condition that the prisoners
~hould be placed under the protection CT
Spain, ant the Sumtvr then entered the port
Without being saluted. 1t was runored thaf
! the American Cousu' would leave account oi
he lesoutIou OF Spain.
The British Parliament is summoned to meet
on the 9Th o.: FEBRUARY, but Il can b. called eaTli
er if the exi2cnvics OF the ca.a.denand 1t.
Tic text OF the Austrian despatch to the Gov
ernnel:t a. Washington on the Trent affair, has
been published. It fully ;U'ties the action Ct
England, and says that the Washington Govern
ment comply with the demands CT England
without the least sacrifice OF dignity.