New-York daily tribune., 1862-11-08
Crent Rritriu.

The Times tvit article referring 20 The resosu-
tiop contemplated by the Confederate GovernEi ut
70 cole willion bales OF cotton and sell them 10
Euroe subject to all contingencies, ssks the date
a which they ear be shipped, and says it is lot
without importance. Should the resolution b.,
passed, there ore probsbly many spectators VIII !.
pnght be tempted into sVch sp soulatlOn provided
tho margin of profit offered was very large. The
writer suggests that perhaps The Confedcyates,
by means of the Oveto and otter vessels, hope TO
break up the blockade Of Charleston or other ports
during the Winter.
TIE Do,ly Ners thlrks tie Union cousc has
never before looked so like su,cess in its essential
features. The South Is almost at the last stage of
exhaustion while the North is nearly untouched in
all its All that European nations have TO
DO il to wait. The event must soon lie decided by
otLer influences thaa those.
The Times, of course takes directly the opposite
view, and SAYS: More important than news Of
battles is the fact that NewYork money has at last
begah really TO feel the dangers wh'eh threatened
tho country with not q siuge Confederate State
quercd or likely 10 be- with not one cent yet levied
by direct taxation 1T the North; with an immense
host Of raw recruits to be paid their bounty, armed
clohsd and supporiedi with gigantic mass OF
materials to provide for another invasion, the Federal
Government finds its rsper deprecated not far from
q third in value. Although probably no invasion
of Pennsylvania large scale is intended, ir sh
raid acrOss the Potomac impress the Federas with q
conviction that their enemy Is as full Of spirit as
ever. The article then eXpatiates ON the intermin-
able and indeoisve nature Of the battles in the
West.
The Liverpool correspondent of Tie Times Mr.
Spencer, again urges mediation recognition, on
the ground tha, Europe cannot remain calous either
TO the suffering there the horrors impending else
where. He thinks the contes. but too likely 10 de-
generate into a mutual butcbery, and that England
may then be driven to take up arns to end such an
outrage on civilization.
The Daily NeDs points to Summers speech at
Boston, and its reception, as q refutaiiOu Of The
Itnpess arguments that the emancipation seheme
would be repudiated. II denOunces the scandalous
charges which have been brought against the author
and abettors of be scheme.
Sir Benjamin BFode, a distinguished surgeon,
died at his seat in Surrey on the 2lst inst.
Cabinet Council was 10 be held at London on
the day the steamer left Liverpool.
Al public meeting at Oldham, resolutions were
offered calling the Government to recognize the
independence of the Confederate States rs the only
means OF ending tie civil war. An amendment IVES
offered declaring that recognition was impolitic,
and likely to result in a with the North. After
warm debate and uVroarious proceedings, the orig
inal motion declared carried although the meet
ing was about equally divided.
The destruction Of American ships by the pirate
Alabama caused general advance in the rates Of
insurance al Lloydh OF two TO three per cent all
American sbips. Tie advance demanded at Liver
pool is even as high al five guineas per cent.