The New York herald., 1862-02-26
IM pOrtAnt from England-The Last Hope
OF the American Rebellion Vanished.

IM pOrtAnt from gland-The Last Hope
Of the American Rebellion Vanished.
The details of the news from England
brought by the mails of the Niagara, present
one highly important feature not indicated by
the telegraph from Halifax. Earl Derby, the
leader Of the opposition in the British Parlia-
mant, rose in his place in the House of Lords
on the 7th inst. in order to correct a misreport
Of his speech Of the previous day, published in
the London Times, and the fact Of his deeming
it necessary to take so much trouble may be
regarded as a significant symptom of public
opinion The report Of his speech in the
Times was:--" think the time is nearly come
when the government may probably be called
on to recognise the so far successful revolt of
the seeded States" What the Earl of Derby
did say was very different. II was as fol-
lOws:--" The time has not come when it (the
British goyernment) can properly be called on
to recognise the government representing the
successful revolt of the Southern States
Though it is the practice to recognise
de .tocto government that has succeeded in
establishing Itself do not hi,L the resistance
Of tie Southern States has been so successful as
70 justify us IN recognizing item as Po,cer oJls
to maintain It's o,sn independence"
This plain language, under the circumstances
which surround its utterance, must be regarded
az an emphatic declaration of the policy Of the
opposition As to what the policy of the adj
mnistration is, the extracts which we publish
this morning from State papers upon American
affairs produced in Parliament leave not
shadow of doubt In reply TO Messrs. Yancey
Rost and Mann, who, as delegates from the
Southern confederacy, urged upon Earl Rus
sell the recognition Of its independence, the
Secretary for Foreign Affairs said:--" Her Ma
jesty cannot acknowledge the independence of
nine States until the fortune of arms, or more
peaceful mode of negotiation, shall have more
clearly determined the respective positions Of
the two belligerents." As neither the fortune
of arms nor peaceful negotiations with the
United States government have, since that time
improved the position of the Southern confede-
racy-but on the contrary, as IL admitted by
Ia. LIANT hn or = AL
against it''--there is still less reason than
ever for the recognition Of the revolu-
tionized States. There is no hope, therefore,
from the administration. There IL none from
the opposition. The claims of the Southern
confederacy have hitherto found their chief
support In England among the tory party,
and IL was feared by the friends of the Union
that that party, on the opening of Parlia-
ment, would mako issue with the whig govern
ment on the American question, and oust IL from
power or force II into q recognition of the Con.
federate States II not into the highhanded
course Of breaking up the blockade as not
effective according to the principles of inter-
national law. II was even expected by the
most sanguine of the rebel chiefs that Lord
Palmer.ton and Earl Russell would be CON-
PEELED to declare war against the United States,
and to form On alliance with the Southern con-
federscy.
This expectation Is now completely dissi.
psted. II was = hope begotten by the
wish-the lass desperate hope Of European