, 1863-04-23

suspected British Vessels muy ESQ |
UvcrAau1cd.
LORD rAI1ERsToS on NEUTRALITY.
Lord Pamcrstan alluded to the American |
question. during his speech in Glasgow, in
tie following terms: II wish could tell you
that we anticipate any very carly termination
going on among our Kindred upon the other |
eide Of the Atlantic. We must al1 deplore /!
that unhappy war The most unhappy Of all |
wars is 4 civil war; but any interference on
the part Of the nations Of Europe, SO far from |
cxtinguishing the flame, would, in all human
and with greater heat. When the passions Of |
men are deeply enlisted in the contest in which
they are ergaged-whcn foe Ii opposed to foe,
aid on the point Of striking his antagonist, |
aay friend who lnterposes would only fire the |
worst for his intsrposition, but would not |
avert the blow le1cllcd BY the one against the
other: ! think. the people. Of the United
has determined rightly iu not attempting in |
tervention. 4 yr.as and most cstiulable part
of our population has been suffering deep dis
t1css. That distress has been less, perhaps,
among you in Scotland than in the dis
tr1cts south; but even here in Glas-
has been experienced by the cessation Of
the supply Of the great staple Of our indus
try. But if we had attempted by forcible
means to bring over that supply which, owing
to the contest, has been withheld from us, I
am convinced that, instead Of diminishing
the prcssnre, we should have increased it,
and should very much have increased the evil
which We intended to alleviate, and the result
would hare been that the country would have
blamed us for having taken n wrong view,
and having adopted policy i'll suited to the
circumstances. trust still that this ca}asni-
tous war may soon lEsye an end. I cannot but
think, when the passions which excited that
war have had tLeir yent-and all passions
must have their yent-and when the results
of that war shall press more and more heavily
upon both parties engaged in it, that without
Intervention, which they would resent rs an
aIront, their own good sense and their Own
proper feelings may lead them to peaceful
intentions, and that arrangements may bo
made which will put On end to that dreadful
bloodslcd and that wide spread desolation Of
which the American continent has now for
nearly two years been the scene. Gentlemen,
can aseure you that the policy which we,
tie present Government, pursue, is founded
upon our belief that We are tile faithful expo
ncnts Of the feelings and sentiments Of the
English people. 1belieyc, and Ill Indications
have confirmed tie conviction, that in that
judgment we arc not mistaken. [Checr5.]
and will cay this, speaking as now do to
IN assembly not composed entirely Of men of
an Englislnlan- THAT I am con-
| yinced that if circumstances should lead to q
change In those who administer the atfAirs Of
| The country, and that if the men who now Sit
| opposite to us. and are politically our antago-
| nIsts, though not personally our enemies
| [chcers} }-sIould take the places which VIC
now occupy, they would, both from their
! personal feeling, but more than al1, By the
| effect and pressure Of public opinion in this
country. pursue course much the same Us
| that which we ourselves pursue. [Checrs.
| ! say it not to their disparascment, but to
their honor, for hope, and trust, and believe
that the honor and interest Of the country
would be safe in their hands. do not, at
the same time, tell you that look forward
with any great CT particular impatience to the
moment when they will be put to that which,
trust, would not be to them severe trial.
Laughter and cheers.
INSURRECT1ON As 4 WEAPON OF WAR.
From the London Army aud Navy Gazette, Edited
By VIM. q. RUSSELL
There is journal in this metropolis which
is the reputed organ Of the Confederate States.
At all e7ents. th: paper has decided Southern
| proclirities. In the last number, it is asserted
| tAat civilized nations will think death by
| powder and ball "is too respectable for men
guilty Of IN attempt to incitc m Inferior race
report that Federal officers Of 3 ccstain negro
regiment, Which ID said to have been taken i1l
Florida, has been sentenced to he shot. This
passage is one Of many proofs that the Amcri-
cans cabnot comprehend the feelings Of this
eountry-it may BE- Of any other-regariing
tho war. Tho uprising Of . portion Of m
cnemF's subjects, infellor Or superior in race,
| is q desirable object to cfFect-it is quite 4
! legitimate operation OF war. # Great Britain
| we're engaged in war with France, nothinl,
would le more natural than for our enemy to
excite Hindoo, Muasulmen and Arab to re-
volt.
No rule Of warfare would permit US to treat
officers engaged IN that service otherwise than
as men conducting Legitimate operation Il
Is necessary evil Of war, IN which soryilo
instruction may be invoked By an invader,
to increase the ordinary horrors and calami.
lies Of hostile occupation. When some years
ago Southern statesmen, insolent and aggrtss
i've, threatened this country with war, 1t was
remarked over and over again, In British
Journals, that the dispatch Of some Of oul
West Indian regiments to Louisiana or thu
Carolinas might be one Of the emostformidablt
agencies to which even our vast belligeren1
rower could resort. Our Southern friend:
must carry the whole weight Of Slavery Of
their shoulders, in peace Or in war. seryil
insurrection would be dr:adful evil. l
would be repetition Of the Indian revolt 0
1857. An inferior race would rise agains
their masters. But It is m accident and
contingent Of any war, in which State O
shareholders engages. The of11cera who deyel
ope it arc as free from any act Of vengeance o
retaliation as these rho fight on the decks o
their ships or In the lines Of their regiment:
THE FALL OF THE CONFEDERATE LOAN
From the London Times {money article>, April 3.
In the foreign market there has agaIn bee
great activity, and In most instances an i'm
Iroyemcnt. The Confederate loan, however
hns been IN exception. The price in tn
morning Was 1.2 discount to par, but in tn
| an fri f,,ft v-bS nh
increased Just at the close By 4 telegram an
nouncing The stoppage Of Mr. J. B. Spence, q
Liverpool, in tho grain trade. 4 report WI
Immediately circulated that this was Ill
Spence, the Confederate financial agent, IN
is ?Hh qhe ea eonSsre 70 anaaei 9
agent, however, Is M1. James Spence, and Il
thong heis nearly related to Mir. ]. B. Spence
there has not been, it is said, the slightest bus
ness connection between them.
From The Daily News1
The scrip Of the ncw Confederate loan W.
again very heavy to-day. and gradually d.
elined, closing at * to discount. Some {
impression that Mr.. John B. Spence, me-
; chant, Of Liverpool. who has just stoppe
| payment, IL identified with the financial age1
OF the Confederate Government. This, how
. . ever, is not the case. Mr. John B. Speuc,
who has been fifteen ycars In business, aud
Spence, the Confederate agent, but is entire]
unconnected with him in business.
from the Herald1
In the case Of the Confederate cotton 1oa
I further fall in the quotation having occurre
:, today, the eerip remained dull st The dcpr'
cation to the c1o:e. The drop is ascsibc
c.;ieny to heavy speculative sales promote
r by parties favorable to the North.
: from the Sta1.l
, The Confederate Cotton Loan, the o53at
thfch is to get money here to pay for tAe ,rt
saps, netr building in sio9afio'. Of lair, in o.
poft*. for the Southern Co,Ust3eraey, and whic]
*len launched q fortnight since, suddenly ol
tained go much flyor as to rise to prcmiu,
Of I've per cent, has already experienced
c signal reverse Of fortune. As the rotten n
$ tnre Of the security offered By the Con1cdera
1 government came to be better known, IN
: the scandalously illegal purposes to which Il
t money was to be applied in England were c:
, Posed, people who at first were thoughtless
; snuEed BY the apparently splendid profits o
Tered, took the alarm: and the consequence
+ that the Confederatc Loan Is now dealt wit
2 On our Stock Exchange at discount of tn
q PER cent, and maniftsts all the ey1untor