The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1862-01-09

TROUBLE BREw1SG WITH ExGLASp-There is no
doubt our next dispatches, says the alta OF Dec. 10,
will give numbers more of small facts in big letters,
in reference to our relations with Great Britain
The legion of cotton brokers in Liverpool, whose daily
dependence is on the American trade. have bad thlr
meetings, and have probably memorialized the Gov
ernment, for John Bull is strong on memorials ana
PRAYERS for relief, and now that portion of the manu-
facturers of Manchester, whose whole working capital
is made up of short credits in purchases of American
cotton, will still more Indignantly demonstrate. The
London Times in defence of its client, will be worked
up TO fever heat but England's merchants, her
manufacturers, who work on their own capital, ana
the great conservative middle classes, who when the
question of war or peace is discussed, rule the king
dom, will not be heard from in meetings counsel!ing
war with the United States The mass of cotton
manufacturers aye not yet by its scarcity worked up
to the point of requiring cotton at any sacrifice the
value of raw cottons in India has not reached the
price that ruled in 1857. and the price of manufactur-
ed cottons has not yet advanced TO highly remunera-
tive rates until this is the case the whole weight OF
the rich manufacturers will be for peace. More, how
ever, will probably be accomplished by the leaders of
the Times and other papers connected with the Imam
cial Interests, in causing a return OF American Stocks,
and thus check the flow of bullion from Great Britain
than all their frantic efforts of the last four months
TO avert this drain on their resources.
This We think will be the worst and only effect Of
this excitement, and if it can be arrived at by any
quantity of public meetings and editorial thunder,
the first will be had and the last made, and If Great
Britain can thus pay for American breadstuts by
American stocks, it will be all the victory sought for
IN this difficulty beyond the usual courteous ex-
plantations our Government will oe quite ready to
give.
Of course, the expectation of active interference on
the part of Great Britain will brighten hope and
strengthen resistance on the part of the Confederates,
but q short experience will dispel these illusions and
the fact be left as now, that Columbia's children are
to fight out their own battles without foreign inter
yention.
Our people are fast being educated up to the point
OF self-reliance. Never in their history was there
such utter indifference to the good OF i'll opinion OF
Great Britain, We honestly craved her sympathy in
our time OF need that sympathy was not given.
The feeling has passed, and another has taken its
place, which would arouse our people as one man, If
England attempts to take advantage of the difficulties
war has forced upon us.
The news that Kentucky designs TO become a free
State. is far more important to our present success
and future progress than the growl from Liverpool.
The wedge is entered which will drive slavery back
TO the borders of Tennessee and North Carolina, a
measure in itself of sufficient advantage to the free
States, to. compensate for all the detriment to their
business brought about by the present war.