, 1862-05-31
cotton supply is the speedy subjugation Of the

cotton supply is the speedy RnoJugation OF the I
South.
We have written Il would bs'' BECAUSE VII
cannot find any Justification FOR writing "is.''
It ia quite possible that the city has already |
fallen; but tho intelligence brought bE the |
-Canada does not warrant the INSERTION It is |
quite true that the reports to that effect come |
tnr9ngh soat5en e sources and a5e h thessfoF
ern accounts would be; but give the fullest |
credence to these reports, and What, We ask,
do they amount to? At the utmost this
that the Federals were approaching the city
on the morning Of the 245h, and that in pre-
peration for their arrival large q1antfty Of:
cotton, DC, had been destroyed. Without
any desire, therefore, to unlerrate the i'm:
poItance Of this triumph. we: mist beg leave l
to reserve -crediting the Federals With it Until
We get same reliable evidence that they have
really won IT,
THB FRENCH PRESS ON THE cAPTURE-roKE
OF TIE sECEss1okIsT sYMPATuKERs.
: -ETza4slated from the Patrie, May 14J.
The Times London} Is evidently In the
right. Suppose the conquering North oecu-
other important Southern cities-suppose the
Federal conquest shall be absolute, and that
they shall hold the principle ports and means
Of ommunication-Wlsat will they; hare ac-
co1hplished? ''They will be masters Of Che
country, and then, as tue Times remarks, the
blockade will be raised legnIly and dc .Jdcto;
but Will cotton be either gr6Wn, gathered or
shipped? II, as is claimed by several South
er1le1E resident b. r., and well acquainted with
the sentiments and animate their compatriots,
the hatred between the South and North is
such that wc may expect Jthi1g rather than
peace; II the whole Territory isto becoma the
theatre Of civil ard guerrilla warfare, what
viii become Of cotton and other staples? We
einccrly trust that things viii not be pushed
tosuch q pass; hut for this purpose 1t is ne
eessary that the North should view things dit.
ferentIy from what it has hitherto, dune, and
having proved its superiority in arms, it must
show itself superior in its application Of its
own interests, and not allow vain sentiment
of self-]oTe to sacrifice an opportunity Of
coming to an understanding with its adger-
sary that will accrue to tho advantage Of the
whole world.
"A LIBERAL FRENCH VIEW OF THE CAPTURE.
TRANSLATED from the Pseaee Of May ISL
The news from America is summed up in
the phrase <'New Orleans is taken!'' All
It matters not that Gen. Bealregard is at
Corinth, that Mr.. Davis or any other chief
has the command Of the pro-Elavery forces
before Yorktown, that the two corps d'arnaes
are or are not considerably reinforced, that
they have abandoned their intrencaments to
give battle, or that they have decided to sur
render at d1scretion-ft matters not What tenn
porarY SUCCESS the rebels may obtain, the fate
Of the rebellion, already anticipated, Is nov
none the less an accomplished fct.
THE BLOCKADE TO BE RAISED.
Translated from the journal des Dchat, May 49,
If we understand Alright the terms of dis
t patch from New York which has just arrived
! the Federals hare achieved new and most de
cisive SUCCESS. The authorities Of New
| mander Of the National squadron tht
capitulAtion Of -: the city. The I'D
vantages-evezy day more marked-whicl
the Union force is constantly ginning, whil
| rendering the North assured Of final success ar
also most happy augury for neutral nations
who may Justly hope that the United State
will presently relax the 1igor OF its belligeren
rights and consent to forego those eXtrem
measures that haIe hitherto been necessaE
for the definite triumph of the Union cause
Already one signigcant fact is foreshaaomed-
namely, that President Lincoln is preparing
to, o,supersede the blockade ut certain ports All
ALLOW trade and correspondence.
TFrom the London Times, 16th1
The advantages gained in the West by th
Fcderals have been such as is impossible
oveTate, and are in singular contrast with th
slow progress in Virginia The North has
right to presume that the hour Of final su,
: cess is approaching, and that, the secession
!; paigns, dispitited BY reyerses, and separate
from each other BY advances ofVarious Fede
, al expeditions, will be glad to come to Q
rangemeDts to re-enter the Union on easy an
honorable terms, which the North would t
} glad to offer. This feeling sustains the Fed
i rails in a1l the difficulties Of their position
They are accommodating debt for which 4
7 finances are providing, thoug III their armis
: are threatened with summer campaign
: should the Gonfederates hold out; and thouG
} no one pretends' to explain how the Republ
} eau Government ia to DO worked with eigl
| r1if1fnnE ~ int
l Union by force, to see the means +
$ the payment Of the interest on the del
I incurred & for their subjugat1on, yet Il
|. e1ation caused By the recent military succe
: is SO extreme at the North that no FEEDER
t doubts full and final victory to be within Il
!. grasp of the Government. As regurds t
t South, they are apparently as determined
G ever, but from the manner in which the mi
: tary leaders have allowed themselves to
e worsted on the Mississippi, the confidence
+ their own people and foreigners must be sha
o en- in the ultimate success Of their cause.
+ Extracts from other Papers.1
r. The Morning Rbst reiterates Its belief Il
7 the effect OF the Union occupancy OF New {
!, leans on the war will be inappreeisble.
! The Persias news TRANSFERRED via Queer
= = town late on Friday afternoon, producing C
u !. siderable sensation in London and LiveTpo
!, but as business was over, its effect Was I
y e determined. American securities in Lond
= Liverpool exhibited increased heayiness,
10 The Morning Herald Of the nth believes
70 Confederate retreat from Yorktown will
u found piece Of mastery strategy By the c.
fedcrates to gain time, when eYefy weeks
L lay is Of the utmost importance. They &C
pei the enemy to take up positions at q grea
distance from his base Of operations, thus
"a priving the enemy OF his chief source
Of strength, the aid Of the gunboats, and Il
at obtain perfect concentration Of the VIII
Id Confederate army in Virginia around RI
II mond, so rendering each Union corps d ar
ch converging upon the Southern capital,
Of posed to . crushing attack from oVerwhe
Of Ing numbers.
in The Daily Meas says the military prob1
which awaits solution is the same as bel
ed the evacuation Of Yorktown.
re The Times remarks 1t would be but mock
,rt to ask Lancashire to send ships to Beau
n for cotton, now that the great emporium
r. the Mississippi, accessible to millions Of a
de OF cotton-growing land, is IN the power Of
h. .Unionists.
tie Therefore our obvious policy Is to II
se- with New Orleans to get our further SUPP
ut Of cotton for the wants OF Europeans OF pl
ay ers who still assert their allegiance to
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