Arkansas true Democrat., 1862-09-03
Corresponaenoo of tho New York Times.


 Corredponlenco of .ho New York Times
 LONDON, Tuesday July la, 1862.
 The news brought by the recent arrivals from America have produced ther natural effect. The rage and hate which northern successes and the apparently near prospect of the termination of the war by the destructiun of the Confederate armit s had subdued to silence or changed to respect, have burst forth again with tenfold bitterness The American question comes up again in Parliament, on motion of Lord V. Tempest. next Friday night-it is impossible to say with what result. Tdjs feeling finds expression in every quarter, as in the following sentence from the Times leader of this mornng:
 .We must share the penalty of the madness of that iEsensate people across the Atlantic. Like monkeys, grinning and chattcring at the mischief done i'll the mere spirit of wantonneeS, the AmeT!can people have been trumphing in the distress they have been able to cause i'll cotton districts and their press gains popularity by depicting the dis tress in Lancashire. Thousands of industrious English families gre at this moment hard pushed hy want. because, as n nation, We nave been true to our sense of right. and would not go in our strength and take the cotton which thelr feeble cruisers kept bockaded.'
 The cause of the new outbursts is not the result of actions at Charleston or Richmond. It is not the position of Mcclellan, or the resignation of Fremont. It has not been brought about by the sraterv of Beauregard or the enterprise ot Stone wall Jackson. It is question of pounds, shiilngs and pence. IL comes to dollars, and the indigna- ton centres in the pocket. The mercantile and manufacturing classes have been averse to giving offense to Englsnd's best customer. They hoped to keep the trade of the North and to have that oi the South. Congress threatens to pass tariff which will make America independent oi England, while she is fighting to secure the whole continent for her own trade, This.is felt to be war with England,
 The loss of cotton is great and terrible calami ty; but in time it may possibly be overcome, But the loss of the American market, and her monopo ly of the mast important trade in the world, IS a l blow at England's commercial prosperity when IS felt in manner you can scarcely imagine II the new tariff become law as presumeit must have done, 1t destroys what little sympathy there was i 1 England and France for America; and It ados' II anything could, to the general desire Tor interreh- tion in favor ofthe Southtor no other kina oi m teryenton as you are aware, has ever been thouSht of.
 | The cotton famine is fast becoming a terror | Nr cobaa, snoke of the condition or the manu- 1 facturinp districts, in the House ot Comnons | few ,;ohts ago. as something alarming, ana whicn n,iobt ;n n few months, require all the power and resources of the government There IS no en- ,busiasm. as with a popular war, to sustain the naonle in their calamity. There is little hope. It i ;s now only a dull, stolid endurance. When reo- nle have starve through twelvemonth, and the prospect of better times is still far off ttscy may