The New York herald., 1862-05-28
THE NEWS BY THE EUROPA.

THE NEWS BY THE EUROPA.
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CARE RACE, May 27, 1852.
Ths sseamship Europa from Liverpool nth, via
Queenstown 18TH arrived OF this point this evening At
seven O'Clock where she was intercepted by the news
OF the Associated Press and the following summary
Of news obtained.
On the 18th in the House OF Commons, Mr.. Layard
said the government had received from Lord Lyons
copy Of the report OF the COMMITTEES Of the united
House Of Representatives tho operation OF the hecp
rocity treaty and had objections lay 1t on ne
Lord Palmerston also that the government were
also prepared TO lay the table all the Information tey
possessed respecting the occupation OF Mexico ana
and the intentions of the French government on the SUD
jcct, and said that what being done BY the brsn
naval and military authorities met the appreciation oi
their government. He believed the steps now bong
taken would tend the settlement Of affairs at shanghae
The Spanish authorities in Mexico had notified Prss
dent Juarez OF their Of leaving the country
Juarez responded by eulogizng their conduct and one
ed them complete satisfaction.
Sir BENJAMIN Haws, the under Secretary Of State for
War, is dead.
Immense damage was being done by foods in Kew,
county OF Lincolnshire, by tho giving way OF dam.
Many thousands Of Of farm lands we're inundatcd
and the crops destroyed The loss Of property was I'M
mense.
Tho Brazilian mail had reached Lisbon. Freights
higher. Tho stock Of coffee at Rio had reached
leo 600 bags good quoted at 7S100 74n100,
The steamship Persia from New York, arrived out on
the 10th.
The American Question I'm Europe
The London 7,nes speaking the war, says the ad.
vantages gained the West by the ederals have been
such as is impossible to overrate. and are in singular
contrast with the slow progress in Virginia 1t also ex-
patiaes on the importance OF the capture Of New Or
leans and says tho North has a right to presume
that the hour of final is approaching,
and that the rebels exhausted by long and aborous
campaigns dispirted by and separated from
each other by Of various federal expeditions,
will be glad to como arrangements to eonter the
Union on easy and honorable terms which the North
would be glad Offer This feeling susans the ederas
all the difficulties OF their position They are accu
mulatipg debt for which no finances are providing,
though their armies threatened with summer cam
pagn should the rebels hold OUT and though no one pre-
tends to explain how the republican government is to
be worked with eight millions Of persons brought into
the Union by force the for the payment Of
the interest the debt incurred for their subugaton
yet the saton by the recent military success is
50 extravagant at the North federal doubts full
and final victory be within the grasp of the govern
ment.
As regards the South tie London Times says they
apparently determined ever but from the
in which the military leaders have allowed themselves
to be worsted the Mississippi, the confidence
Of their own people and foreigners must be
shaken In tho ultimate success Of their cause.
Tho New York correspondent Of the london Times
urges that the fortunes OF the South hang the
sues at Yorktown, cornth or Memphis. Tho destiny Of
the Conie deracy will be decided by the events
places.
The London Morning Post reitorates ts belief that the
effect Of the federal occupancy OF New Orleans the
war will be inappreciable
The Porsias news transpred, via Queenstown on
Friday afternoon, producing considerable sensation in
London and Lverpool but business over effect
was not determined. American securities in London
showed increased rmness, while cotton in Liverpool
hibited increased heaviness.
The London Morning Herald OF tho 18th believes tho
Confederate retreat from Yorktown will be found piece
o. mastery strategy by the confederates gain time
when every weeks delay is of the utmost importance
They compel the enemy to tako up positions greater
stance from his base OF operations thus deprivng
enemy of his chief OF strengthhe aid of the
they obtain perfect conc ntraton OF tho
whole Confederate army in Virginia around Richmond,
SO rendering each federal corps damec convergng upon
the Southern capital exposed TO crushing attack from
overwhelming numbers.
The London Daily Nccs says the military problem
vh ch awaits solution Is the before the evacua
tiou o. yorktown. Richmond must be defended at al
hazards II Is universally admitted that If that
CITY should fall tho Confederates cause on the
eastern seaboard is lost Towards this Gene.
neral Banks is advancing, Mcdowell Is within
sixty miles OF his object, and General Mcclellan
has advanced to Williamsburg about ity miles on tho
road from Fortress Monroe to Richmond. This
does not seem 70 havo been achieved without severe
struggles The object OF the Confederatcs not merely
10 save Richmond but, if de.eited to delsy that
disaster until the latest moment II is hoped, doubt
that the fedora. victory will late in the season.
and that tn, vi:torious will be shattered that
the time required for reorganization will make further
operations this summer impossible.
The London Times remarks would bo but mockory to
ask lancashire send ships to Beaufort for cotton now
that great emporium OF the Mississippi accessible to
millions of of cotton growing land is in the power
OF the ederas Is therefore obv ious policy TO trade
with New Orleans to get further supplies of cotton
for the OF Europeans OF planters who still assert
their allegiance to the Southern republic.
The Morning Herald says it is stated that the pros
poets adjustment OF the American question becomes
more probable than through assumed OF
France by reason OF the recent federal successes.
Fin ancial and Commercial.
AMERICAN SECURITIES.
trail Railroad 45 discount United States SIS, 70 79,,
Massachusetts, SIS. 95; Maryland SIS, so ST. Virginia
es, 81 "a; Pennsylvania SIS, 70; do bonds, " a74