New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-05-28
GREAT BRITAIN

On the 10th, in the House of Commons, Mr.. Lay
ard said the Government had received from Lord
Lyons copy Of the report of the Committee of the
United Sta es House of Representatives on the op
GRAFTON of the Reciprocity treaty, and had no OBJ.
lection to lay it on the table.
Lord Palmerston also stated that the Government
were also prepared to lay on the table all the inform
alton they possessed respecting the occupation Of
New-Mexico and China, and the intentions of the
French Government on the subject and said that
what was being done by the British naval and mil
iary authorities met the appreciation of their Gov
ernment. lie believed the steps now being taken
would tend to the settlement of affairs at Shanghai
The Times teditorial) on the war says the advan-
tages gained III the West by the Federals have been
such as Is impossible TO oyerrate and are in singular
contrast with the slow progress in Virginia. II also
expatiates on the importance Of the capture of New
Orleans, and says the North has right to presume
that the hour Of final succeis Is approaching, and
that the Secessionists, exhausted by long and la
borious campaigns, dispirited by reverses, and
separated from each other by advances Of various
Federal expeditions, will be glad to come to ar
Engagements TO re-enter the Union easy and hon
orable terms, which the North would be glad to
offer. This feeling sustans the tederals in all the
difficulties Of their position. They are aecumu-
latlng debt for which 10 finances are providing,
though their armies are threatened with Sum
mer csmlaign, should the Confederates hold
out; aud though no one pretends to explain
how the Republican Government is to be worked
with eight millions OF persons brought into the Union
by force to see the means for the payment Of the
interest on the debt incurred for their subugation,
yet the citation caused by the recent military
is So extreme at the North that no Federal doubts
full and final victory to be within the grasp Oh the
Government.
| as regards the South, The Times Gays they are
apparently a. determined as ever, but from the
manner in which the military leaders have allowed
themselves TO be worsted on the Mississippi, the
confidence Of their own people and Foreigners must
be shaken in the ultimate success Of their cause.
The NewYork correspondent OF The Times
urges that the fortunes Of the South hang on but
TWO i'sues-at Yorktown, and either ct Corinth Or
Memphis its destiny will be decided
| The MornIag Past reiterates its belief that the
tnectf Of the Union occupancy Of New-Orleans on
the war viii be inappreelabla-
/ TIE PersiGs news ,ranspired via Queenstown late
on Friday afternoon, producing considerable sensa-
ton in London and Liverpool, bat AS business was
over its effect was not determined. American recti-
ritter in London showed Increased irmness, while
cotton in Liverpool exhibited increased heayiness.
| The Morning Bcraid Of the 18th believes the
Confederate retreat from Yorktown will be found a
piece Of mastery stratergy BY Coniedera'es to gain
l line, when every weeks delay is of she utmost m.
portsnoe. They compel the enemy 10 take up posi-
lions Ut greater distance from bis base Of opera
tous thus depriying the enemy OF his chief source
Il strength the AID oi the gun0onis, aud they obtain
a perfect concentration Of the whole Confederate
ench Union cOrys darM6, conyergng upon the
Southern capital exposed to crushing attack from
overwhelming numbers.
] The DaIly Nctrs says the military problem which
awaits solution is the came before the evacuation
Of Yorktown.
Richmond must be defended at all hazards. II is
universally admitted now that II that city should
TALL the Confeicracs cause on the Eastern reaboard
is lost.
Toward this center, Gen. Banks Is advancing
Mcdowell Ia within % miles of his object, and Gen.
Mcclellan has advanced to Williamsburg, about 80
miles on the road from Fortress Monroe to Rich
mOnd.
Thi. success does not seem TO have been achieved
without severe struggles. The OBJECT OF the Con
iederates If not merely 10 rave Richmond but even
If defeated TO delay that disaster unlil the latest
moment.
L. is hoped, no doubt, that the Union victory will
occur 20 late IN the season, aud that the victorious
army viii be 80 shattered that the time required for
reorganization viii make further operations this
Summer mpossble.
IAe T!meS remarks it would be but mockery TO
ask Lancashire to rend ships to Beaufort for cotton
now that the great emporium Of the Mississippi,
accessible TO millions Of acres OF cotton-growin8
land, is in the power OF the Cnionists.
Therefore our OBVIOUS policy 10 trade win New
Orleans TO get further supplies Of cotton for the
wants Of Europeans Of planters who still assert their
allie glance TO tho southern Republic.