The New York herald., 1862-11-27

wheat lc &C., and corn 1c The only noticeable opera
tons in groceries were these coffee, which article
lrm, while sugars and molasses were depressed. Pork
dill at former guressl3 l2 SIS rs for mess and
Sl1 80 sl1 02 fer prime. Lard declined &C. eslc and
bacon was heavy. Feet inactive. Whiskey advarc-
s. 1sc 3Sc with free sales There WIS considera-
b aciIvy dry goldfish, nackerel wines ana brandies,
naes ana leather with ,itlc stirring 10 metsls os,
rice hemp candies and naval stores Freights were du
though raes were unchanged,
The Importa mt Intervention News from
Europe.
We publish te-Iay, in ad iitIon to the telegraph
ic intelligence from Cape Race which appeared
in Tuesdays HERALD, some further news Of
highly Important character from Halifax on
the question Of European mediation in Ameri-
can affairs. IL appears that IN England public
opinion is divided, and the ministry is therefore
parilyzed, While the first impressions about
the sylnpathies Of Russi are fully confirmed.
So delicateiy does that Power desire to act in
relation to our domestic quarrel that it disseats
even from combined conciliatory measure Of
the three Powers-Engl and, France and Rus
sia, lest it should run counter 70 public
opinion" in the United States, and wound The
susceptibility Of the nation.' Russ a holds
that such measure would have the very oppo-
site effect Of paci6cation, and therefore de-
clipes, but, as sop to Napoleon, promises that
"if France should persist in her intention OF
mediation, and England should acquiesce in her
course, Russia will lend, if not her official, at
least her moral support
Thus even the moral support of Russia in
favor of mediation depends on two contingen-
oes: and one or other, perhaps either of them,
may never happen. First, France must perse-
we're in her course; and, second, Eng Glaud must
acquiesce. Now It is not very Nkely that France
will per.evere if England will not openly join
in the movement; and England, strengthened
by the reluctance of Russia, will not be pre-
cipitated into q position which involves her
interests in a far higher degree than the in
terests of the other two Powers. France has no
special interests in America; still less has Rus
sia. England has vast interests at stake-her
immense commercial relations and her colo
mics, including the Canadas, Nova Scotia, the
West Indian Islands and her possessions on the
PACIFIC, to say nothing Of her risk Of losing
Ireland before the struggle terminated. She is
dependent on America for even the necessariss
Of life; and corn has become king instead of
cotton. This, therefore, is the source OF her
hesitation, and not any decent respect for the
feelings and susceptibilities Of the American
people, much less any genuine good will to the
republic or its institutions. Russia, calculating,
therefore, that England will not venture 10
place herself In so perilous an attitude, gives a
vague and general pledge Of moral support"
should France porseyere in the mediation
scheme and should British statesmen acquiesce--
consentiHg once more to be dragged after the
tail OF the Emperor, as in the case Of the war in
tie Crimea, from which France derived all the
glory and the profit, while England had to pay
the principal part Of the expense
To keep the mercurial and discontented
French people employed abroad is the greatest
task Of Napoleon. lie wishes to prevent their
brooding over their own con1ition. By divert
ing the military enthusiasm OF the French
against foreign nations, Napoleon saves France
from revolution. This is the game he played
in the Crinea, played in Italy, is now playing
IN Mexico, ard which he desires soon to play in
the United States. But England is impelied by
patient and tractable, and her statesmen will
count the cost before they consent to another
degrading alliance with Napoleon, especially
where her most vital interests must be put into
the opposite scale.
But even suppose France should persevere in
the mediation project, and England should
acquiesce, the mere moral support Of Russia
would be OF little avail. France is well aware
that any moral pressure upon the American
people would be as futile as the idle wind
| But the moment Intervention gees beyond that
| point, then Russia will not be with France and
England-perhaps she would be wholly With
the American people. Is interests do not
conflict, but harmonize, With ours. In
the Eastern hemisphere the destiny Of
Russia is to absorb all the minor States
around her, and she is every day making
rapid progress in that policy. She will soon
be, If she is not already, the great Power Of
Europe and Asia. In the Western World the
United States is destined to play The same
part. One Of these governments is an abso
lutte despotism; the other is representative
democracy. But both are suited for the regions
aud the races where they prevail Both are
philosophical aud will fulfil their destiny
without coming into collision or competition
with the other Not so the milk aud water
governments ths! staud between them, and are
neither one thing nor the other.
That Russia IS friendly to be United States,
while all the other Powers Of Europe are hos
tile, cannot admit Of a doubt. And from this
category we mus. not omit Spain, whose course
in aiding the rebels in Cuba, as well as the
proceedings y her agents IN the case Of tie
Blanche, prcclaims aloud % which side lie her
sympathics The uuifona action Of tie CON
salss agents Of che different European
governments In the Southern States tax
inc their cue from their masters. Is ma