The New York herald., 1862-10-10


schooner inams unknown in sight of the Cairn.
gorm.
The news Of McClellan's victory over the rebels
st South Mountain, Maryland, reached England on
the 26th Of September, and produced very de-
cided effect In favor of the Union cause. The
rebel agents and spmpathisers were very much
depressed. The London Times itself praises the
activity of General Mcclellan in organizing and
marching the federal troops from Washington 70
meet the enemy. Virginia State stocks, which
had been quoted at Ave per cent premium, imme-
diately declined In London.
Our Paris correspondence 10 dated on the 2sth
nit. The letters were written before the news Of
the rebel reverses had reached the French capital
One Of our correspondents states that, If the war
Is not ended by the lst Of January next, Ma
poleon. with England, is likely TO recognise the
Southern confederecy and follow up the act by an
Minister in Washington has been already instructed
to report In reply to certain questions
to him by the previous mail-on the subject his
answers to shape. in great measure, the course
Of the Imperial interference. The writer says that
the announcement of decisive Union victories in the
meantime may tend to alter Napoleon's present
plan Of American policy, and in this view of the
case it is important to recollect that his Majesty
had not heard of tho defeat. o. te rebels by Gen.
Mcclellan.
The English military journal regard the iuva.
sion OF Ma'ylsnd as mistake Of the rebels in the
first instance and failure in the end.
Southern Club" was being organized In
some OF the towns Of England. Liverpool had Al.
ready subscribed fifteen thousand dollars. The
fund 10 intended for the relief OF Southern prison
ers held by the Unisn armies.
MIsCELLANROUe NEWS
The Persia, from Queenstown on the 2sth ulti-
mo, arrived at this port yesterday afternoon. Her
news is two days later than the advicss of the
Jura.
The Liverpool cotton market had an upward
tendency on the 9th of September, and closed at
triting advance on all descriptions of American.
Breadstuas were quiet, but steady. Provisions
ruled heavy. Consols closed in London, on the
9th ultmo, at 932I s31% for money.
The most important news from the continent of
Europe is to be found in the Paris Aonite,y of the
18th ofSeptember. The official journal publishes
for the first time, letter from the Emperor Napo.
leon, dated in May last, addressed 70 H Thonve-
nel, in which his Majesty defines his position on
the Roman question, both towards Italy and the
Pope. The State paper shows that on the 2oth of
May NAPOLEON ordered NJ. Thouvcnel to propose
an arrangement between the Papal and Italian
Courts, upon the conditions that the Pope should
lower the barriers which separate The Ponsifcxl
territory from Italy and that Italy SHOULD give
the necessary guarantees for the independence of
the Pope.n On the 30th Of May NJ Thouvenel in.
structed the Marquis dc Layalete to urge Cardinal
Antonelli 20 accept compromise, Italy renounc-
ing her pretensons 20 Rome and engaging 10
respect the Papsl territory and assume the greater
part Of the Pspal debt On the 2ith Of June the
Marquis de Lavalette informed NJ. Thouyenel that
Cardinal Antonei had decistvely rejected all pro-
posals for a " Transaction between Plus TX and
Victor Emanuel. His Eminence replied just as
he had replied 20 similar propositions previously
aud just what il was web Known he would reply
70 these" Non possuae'' The Pope's con
science would not allow him 10 make any rela
gushment of the territory he received.
The mails OF the J,ra reached this city from
Quebec last night 9ur 6ies by he Persia are
later than the papers 10 hand.
The Canadian com Is have lately decided that
note bill with the words " with current re.e OF
exchange on New York or 9th sr places within
the United States is not bill or note that can be
sued on az such.
BY the clipper bark Reindeer. Captain wslling.
ION, which arrived 81 this port yesterday we have
adyices from Barbados TO septamber 25. The bark
Gsyelle, Captain Rhodes, hence, arrived AID dis
mssted. The schooner Tarbox rom Philadelphia,
was also in port, having had o very hong pas.
sage. The markets we're gluttsd with American
produce
Tho Fifth. Forty.fourth and Forty .afss regiments
Of Massachusetts, will leave this week in the steam
transports Asrrimac and Mississippi for Newborn,
North Carolina.
Mr.. ssltonstail, in his speech IN the Massachu-
setts Peoplea Convention, said he held la his
hand letter which gave him the authority Of one
OF the Governors rho was present at the famous
Convention Of loyal Governors AZ Altoona author.
i1iDg him 70 ray that there was a formal PROPOSE.
tion made there TO remove General Mcclellan
from his command
The Board Of Counclmen met AZ Eve o'clock
last evening. quorum not being present. after
waiting q short time to give the sbsentees time ia
make their appearance, The Board adjourned until
Monday next ct FIVE o'clock P N.
The Commissioners Of Public Charities and Cor.
recton met yesterday. The number Of peraons
remaining in the institutions on the 9th OF Sen.
tember was 6,406; admitted since, SEA:
died, 80; discharged, l,4l4; sent to Black.
wells Island. SEQ, Number remsipihs Osto.