The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-07-23
New York, Wednesday, July as, 1864,
THE SITUATION.

Our latest news from the army on James river
fs up to five O'Clock on Monday afternoon, at
which time everything was quiet there and going
on well. The correspondence which we publish
to-day from Hairison's Landing and Fortress Mon
roe will give our readers an excellent account Of
the way affairs proceeding at those points.
Morgans gueras in Kentucky do not seem to
be progressing SO fayorably as was supposed.
Reports via Maysville yesterday state that our
cavalry had overtaken Morgan's band on the road
10 owensyille from Mount Sterling. After an hour
and half's fight Morgans forces were completely
scattered, and the cannon and horses captured by
him at Cynthana were retalen, as was also large
portion of the stolen property. The rebels lost
twenty-five killed Our loss is twenty killed.
The rebel guerrias in the vicinity Of Memphis
were also wors.ed within few lys past nv Colo
mel Mcneil.
The Presidents wise and humane order under
the Confscaton act will be found in another
column It IS further exhibition Of Mr.. Lincoln's
sagacity and moderation.
ram Arkansas. near vieiIshurg, published in
another column, puts different phase upon the
affair. 1t appears that the rebel gunboat did not
accomplish much; and, although she ran the
gauntlet OF our feet ard reached the batteries at
vicSsharg. she had hard time Of 1t with our gun
boats and was seriously injured.
Our European correspondence and files by the
New York and City Of Washington are dated to
the l0h Of July.
Although the news hs. been an.ic. oated, tie
letters and papers reveal the fact that the rebel
sympathizcrs ii England and France, backed BY a
large portion Of the cotton manufacturing interest
OF both countries, were making the most stroau.
Gus efforts to impress the Cabinets and people
With the belief that the Union cause was almost
lost W the three days. fighting before Richmond,
OF which they had heard by the Esna. There is
little doubtful they had succeeded to some extent.
IN consequence Of the Jealousy Of the war power
q the United States which now exists in most 0.
the countries Of the Old World General McClel.
Ian is assaiicd in London with respect to lis
strategy his dispatches and the taking ID OF bis
first position near Richmond
Tie new tariff Of the United States is attacked
al every point-both in intent and enactment-by
the London Tines and some of the Paris nevspa.
pers. The Dublin T'ecmnn's Journal Of the 10th
instant-thc latest paper-sums up the expression
Of feeling towards the measure thus:-"The new
throughout England aud France. Journalists
whose speciality has been matters Of the economic
and commercial class pronounce it to be simnly
perfect prohibition on the importation into, at
least the North American States Of all European
goods; but, against England, it applies with
especial severity and harshness. The undoubted
effect ofthis new arrangement will be that, almost
immediately on IL coming into operation on the
rst Of next month. the prices Of nearly all English
and French Manufactured goods will be doubled
in some instances. trebled."
The cotton manufacturers OF Rouen had sent a
depatatoa to the Emperor Napoleon, 10 represent
10 him that from the excessively high price Of the
raw material. and the falling of 10 the demand for
cotton goods. they must before long close their
mills. and that some amongst them will have to
suspend payment. Similar representations have
ben rnade from Lille, where many Of the manu-
iacturcrs are represented 10 be in critical state
and The Emperor helped them with loan.
The Liverpool Coaie, Of the 9th Of July, SPEAK.
ing o. The cotton crisis, saJs:"There is Ia stock
100000 bales. From all sources except America,
which y now q consumer, not q producer, VIC
may expect GOO 900 bales At the rate OF so 900
bales per week, this quantity would last US about
twenty.six weeks, or until the end OF December. !,
Mr.. Lindsay, NJ r., had adjourned his parlia.
nicntary motion, for the recognition OF the South
by England, second time. II was 20 come nm
again on the 18th OF July.
The Paris Constitutional has an articl, os,ensi.
BY 10 contradict the rumor that France intended
10 give Mexico 70 the Archduke Macmillan IN ex
change for the ccssion Of Venice to Italy, and 70.
news the declaration that TIE object OF the expe
dition is % obtain satisfaction for French interests
and to establish order. The London Post seems
to urge Napoleon TO act in the same direction.
Mr., Adams, United States Minister in London
wrote q letter to the committee Of the "rourth Of
July banquet ia that city, which we publish TO.
dag.
MISCELLANEOUS NEws
The steamships New York and cir az wash.
tsgton. from southampton and Queenstown on Tho