The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1862-07-21
LATER FROM EUROPE.
the Pevsia as New Ysrk--A French Irsn.
Plated Frigote for Mcxics-.Astempted As.
sassanaiiea Of the Grand Dake Copstan.
une--Further Advance in Cotten--Dread.
stuffs Duil--American Stocks Declining.

The Royal Aaii Steamship Persia, Captain Lott
which sailed from Liverpool a, r. Nj. on the 5th
and from Queenstown ON the 9Th inst. arrived et
New York "Wednesday afternoon
The steamer ST. Gcor e., from Quebec, arrived at
Greenock on the 3d, with New York telegrams Of
the 2sl June, picked up at Cape Race.
The New York eorresanndeat of the Times says;
The North is looking forward with keen antjc;.
patton to the great bettie before Richmond. The
strength Of the two armies Is about equal The Con.
federate army at Richmond numbers abont $50 ~
men, and Jackgons force in the SsenandoaA al.
ley has been sufficient to keep in check thee Fed
efai Generals Beanregard Remains mystery.
SO great Is the perpe kitty he Causes that TO one
would be much surprised If he were 10 be leard Of
tomorrow III the Valley of the Shenandoah ami.
hstsng the armies OF Fremont, Shields, aud Banks
threatening aryland, aad soaring Washington for
the second time within month. The conquest OF
Richmond will by al accounts, be OF the most
i;ult achievements OF warfare; but should It be
evacuated without fight, or be captured by Nc
Clclian, the result " in be the same
Behind .Richmond to the west, is mountainous
country, abounding with formidable dsilrs each Of
which might be defended against large army by !,
handful of men, The would be transferred fur-
| ther South and il Feds.IiI armies follow yellow
fever or other deeterious ageScies or the elk
would then scar their r;Iuss and render active hos
tiHties impracticable for many months The truth
is, an arnisticc and then sei,lement of this deadly
quarrel, oy peaceful separation is the oaly sou.
tion Of the difficulty.
The drnay and Nary Ga.ette observes that thou gh
It has ever maintained the pew sr ef the North to
take Pos.exs;ps Y al !hQ grinsins4 naiiEary po1ts
Run when their position and ability to do 20 looked
| more precarieus. The battle in front vi Richmond
will determine the fate Of the campaign in Virginia
but it will not put end to the war; which is as-
Stunning more hateful and ferocious character as it
goes on There will be no going into summer quar-
ters for either army. There will be chance for
the smallest Intervention ofcious good Offices
Hha yyrrrfd 4Io<A Dt-ty.. n
peremptory instruc ions to attack Richmond and
to capture it before the great anniversary Of the
Declaration Of American Independence.
The Fourth OF july was made the OCCASION by
the London Times, Tor an editorial contrast of the
ordinary American style OF GRAFTON inuged in on
that day, and the style understanding to its
views-the present position Of affairs woaid seem
to demand
The Yiaies puts 81 speech into the mouth Of a sup
posed American orator. the burden of which is that
the North has not been able to accomplish its pur
poses that the complaints, &C., against England
have been unjust and unfounded and that 1t would
have been much better Ut the start to have let the
South CO.
In the Timess City article 1t is stated that private
letters frem America by the last mail written by
persons entirely impartial and with the best means
of Information assert that the actual state of the
Federal armies is misreprened to the public, and
that they have suffered deplorably from sickness in
its worst forms a fever smat to the Jail fever of
past times has, is averred inflicted terrible havoc
and the recent urgent call for new levies tends to
confirm the impression US to he correctness of these
statements
Potter, the Chairman OF the Manchester Chamber
of Commerce, the subject OF the cotton supply
The nation, he says, wants cotton. -Four lui!iions
depend upon It's supply fer the very necessares of
life, and millions will suffer no hitherto de-
pended upon the circulation of probably 600
annually now being taken out of circulation.
The revenueiwili suffer materially; thu taxation
must be increased, where it can be borne, to meet
the expenditure Mr.. Potter says tina: T., India
alone must we look for supply tor sonie years to
come; but private capitalists viii not the risk
OF Gripping or running themselves by seeking to
invest in India schemes for cotton producing. Ii
American affairs settled by any chancs, soon-
and that chance is an extreiie ons-Iu,;ian cotton
will fail onehalf in price in few weeks, and carry
| ruin with it to importers, and check for tirue-
forever, perhapsauy such prices being paid in In.
da for cotton al the present. Mr.. Potter comes
to the conclusion that it is the duty of her Majesty
Government to grapple with the question.
On the following day IAN Old Indian" replies 10
Mr. Potter and adduues facts TO show that the in
reference of Government officials in the character
of cotton merchants would be prejudical the flu
ture supply of cotton from India
1t is stated that the Canadian staff will soon have
dwindied down to proportions Ike those which it
possessed before the Trent affair caused such large
accession to its strength
The London 7imes, of July 3d. in an article on
American affairs, says:
We would, then, once more raise our voice
against the indefinite prosecution of this horrible
war. While the scorching sun is filling tie camps
with fever aad cholera; while the youth and
strength OF the country are being hurried to the
common frontier in preparation f~r new feast of
blood in the autumn while the North is hlrdeping
itself with debt concerning which even its rnlers
fear TO speak plainly, and while the great staples
of the South being given to rhe flames, we
would ask the Federals. with whom the whole
matter really rests, where is their conscience,
where Is their common humanity, or their boasted
3vv
on OF their own blood sub mis- sion 10 rule
that the latter detest.
In the House Of Commons, Jun. 3oth Mr. Hop.
wood inquired whether the British Government
intended to take any steps endeavor put an end
to the civil war in America and Lord P;.ln,erston
replied as follows:
Il .rus; I need not assure the honorable member
aud the House that her Majesty's Government are
deeply sensible of the sufferings now existing in
the cotton manufacturing districts. We know that
the prvatOns in those districts are great and also
that those who suffer them have -udured them with
the most heroic patience, (heax hear) thus doing
the greatest possible credit to their understanding
and intelligence. They know that the suife,ings
which they endure have not resulted from any bad
legislation or any misconduct the part or the
Government Of the country. They know they
caused by circumstances in other countries over
which we have no control. (Hear. hear.)
'Her Majesty's Government would be most happy
if it were in their power to do anything which
would be likely to afford relief TO those unhappy
CLASSES of the population But am sure the House
will see that anything like interference with the
war now going on would only aggravate still more
the sufferings of those now under priyation. earl
With respect to mediation and good offices, there is
no doubt whatever that both her Msjesty's Govern
nent and the Government Of the Emperor Of the
French would be delighted to avail themselves of
an opportunity that appeared to offer fair pros
pect that snch step would be attended with sue
cess.