The Portland daily press., 1862-06-25

ly political. According to the European Public
ne will submit to the English Cabinet the private
views of the Emperor relative to arrangements
for joint mediation in American affairs.
The Paris Pays says the Patrie has gone too
far in its statements relative to mediation. 1t
gives to mere wish forced by public opinion,
the character of diplomatic fact Up to the
present time all is confined to the manifestations
of the European press in favor of paciication
The Daily News argues strongly against IN
reference in America, and contends that Eng
land has good reasons for not wishing to see
carried out the Intervention policy of Napoleon,
which seeks to establish an Empire, with slavery
for its corner stone. The Daily News says =
g From the very moment the European soldier
shall set his foot in the United States, the gov
ernment of that Republic will enter upon a new
era of its existence. Its political issolation will
be at an end, and it will be compelled to become
and remain great military and naval power,
which it is not for the interest of England nor
for the peace of the world that it should be-
come" The same article also contends that
England should not assist in any movements
calculated to restore to the South that monopo-
ly in cotton, which has now proved disastrous.
The Morning Post has an article on the insur-
mountable difficulties in the reconstruction of
the American Union, and cannot believe even if
the Federal arms are successful, that the seeded
States can be restored to the Union.
The London Times city article again specu-
ulates on the impending financial crisis in
America, regarding it as inevitable.
The estimated stock of cotton througout Eu-
rope on the 1st Of June, was AS 900 bales
agaist GAS, 900 bales same time last year.
France.
Monthly returns of the Bank of France show
a decrease of cash on hand of little over two
million francs.
The Constitutional published the following
articles, signed by its chief editor:
kotbpr has bapp wade mfr ,afa Of he
news of an engagement disastrous to the French
before Mexico, such engagement before Mex
leo or before Puebla would in no way charge the
ultimate result of the expedition or the honor
of our flag engaged. Should reinforcements be
necessary they will be sent and the object of
France be attained. We shall obtain just repa-
ratation for grievances, and aveng outrage JUS
tice and humanity. Our soldiers will return
from Mexico as they did from China, with fresh
title to the gratitude and admiration of the
country.
The Prince of Walee, en- route through Paris
for England, visited the Empeor abe Empress at
Fontainbleau on the 18th, he breakfasted with
them and returned to Paris.
lTALY.-It is reported that the Papal govern
ment has officially informed the French govern
ment that it will listen to no proposition modi-
Tying the conditions of its temporal power.
II is asserted that Russia has announced her
willingness to recognize the Kingdom Of Italy if
the government will undertake to prohibit any
organization of Polish refugees.
BELGIuM-The Kings health has again become
unsatisfactory, and bulletins were again publish
ed. The latest reports notice ar improvement
in his health.
Hesse Cassel, a new ministry, had been consti-
tuted, and reported approved by the elector, but
further progress depends upon the electors ap-
proval of their programme.
TuRKEY-Engagement between Dewish Pasha
and the Montenegrins continue to be daily re-
porta1 nd llx,t e.. nf xbo r..
LONDON MONEY MARKET.-Funds dull, and
without material variation. There is considera-
bic demand for money, but on short paper, 3
per cent.
LATEST by TELEGRAPH TO QUEENSTOWN The
Scotia's adnices of 2 days fighting at Richmond,
was eagerly conversed on change, but no time
was afforded for newspaper comment. No ap-
parent change was producer on American secur-
tiles or cotton. The advance in the latter today
Saturday is caused by the ministerial refuta-
ton of mediation rumors.
The Times says it would rejoice to see Napo-
leon or the Car press on the Americans the
counsels which would be Indignantly rejected if
offereed by England
The Morning Post says that Lord Palmerston
announcement that mediation in American
affairs is intended, will be received with satsfac-
tion.
CoMMERcIAL.-Sales of cotton for the week were
sio03 bales, including y 800 to spectators and %
600 to exporters. The market c'osed buopant at an
advance Of 1a2d on the week. The sales on Fridap
exporters The market cosee unchanged, at the fol-
lowing authorized quotations. New Orleans fair
l4l middling i3s; Mobile, fair, Hs middling I3i-
upands, fair, 3l; middling l23. The stock in port
Is estimated at 2s9 900 bales of which 1900 are Of
American description.
Advces from Manchester are fyvorsble. Mrrket
closed firm.
Flour quiet but steady sales at 2i93o. Wheat
active and advanced 2da3d.