The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1863-08-17
BY TELEGRAPH.
TorHE
Portland Daily Press.
FIVE DAYS
LATER FROM EUROPE.
Arrival of Steamship Hibernian off Cape
Race.
ST InuN's n Z A.

Steamship Hibernian, from Liverpool 9th,
via Greencastle 7th inst, arrived OIL Cape Race
last evening.
Steamship Jura, from Quebec, arrived out
on the 9th inst.
Political news by this arrival is of little i'm
portance. The rebel loan in London had de-
clined to 80 per cent. discount, but rallied to
"a.
Capt. Luce, of ship Sunrise, has published
the particulars of the capture of his vessel by
the Florida. The latter was flying the Amer
lean flag when she overhauled the Sunrise,
but after some inquiry ran up rebel colors,
and sent prize crew on board. Capt. Luce
ultimately signed ransom bond of $4,000 in
presence OF an armed force.
The Times contains letter from Mr.. Nc
Rae, agent for the rebel loan, who says the
purchase OF cotton By the rebel Government
probably amounts to 100000 bales. He saws
the cotton is principally in Georgia aud Ala
bama, and some also in Eastern Mississippi
and Northwestern Louisiana and Texas, and
is stored on plantations of planters, in sheds
or warehouses 800 feet from other buildings
McRae says the capture of all the Confederate
seaports would not endanger tie loss of sin
gle pound OF cotton, as there are no stocks of
cotton at any of them, nor are there any coz
siderable stocks of cotton at any one place in
the interior, care having been taken by the
Confederate as well as State Governments that
no cotton should be stored at any port within
five miles of railroad stations or navigvble
streams. That portion of the crop which had
been brought TO various interior depots has
long since been taken back TO the plantations.
Cotton will be delivered to any holder of
bonds If demanded as provided for in the 4ih
article of contract.
The Confederate loan on the 9Th had fur
Their violent decline, first transaction being 81
to 30 per cent. discount, but il afterwards raj
lied, closing at 70 to "a per cent. discount.
The Times City Article In its remarks upon
the subject, says, those who now suffer are not
to be reproached for want of sagacity, however
much they may have exhibited the want of
caution. The example furnished is simply
confirmation OF the fearful uncertainty that
must be set on all instruments that depend on
military successes or reverses. Ii the battle
of Gettysburg had been won by the Confed-
crates the loan, which few days previously
Was largely buying at Que cent premium, would
probably have experienced rise nearly AS
great AS the fall now witnessed, since there
was every symptom that the result would have
led to the establishment OF the Confederate
power in Washington, and a prompt adhesion
from New York and Pennsylvania
The London Morning rost in an article on
Canadian deiences, says, I'VE have a confident
belief that the buster of the Federal govern
ment will produce very salutary effects in
Canada. In spite of the urgent appeals of
colonial officers the Legislature of Canada has
refused TO place the militia on efficient footing
As the Canadians have no sympathy with the
North the presen. aspect of affairs on their
continent may induce them 10 show little of
the spirit which animated their fathers in for
mer years. Prudence as well as self interests
should lead them to adopt this course We
may add that IL is the bounden duty of the
home government to look to the naval defenccs
of the Province on our inland seas. From
Lake Superior to the ST. Lawrence there is
not so much as a gunboat or armed steamer
whilst the Americans profess to have in their
ports a flotilla, which would at any time give
them command of the lakes and access to
Canada matter of comparative case"
Ii is generally believed that instead Of col
lective note to Russia each of the three cab-
nets will forward separate note identical in
idea to st. Petersburg. England is opposed
to collective note, but 1t Is asserted that her
opposition in the way affects the existing un-
derstandng between the three powers, but
merely keeps the negotiations seperate. II is
stated that Austria declines going beyond
diplamatc action.
The insurgents have defeated the Russians
at Sielan in the Palaiinate of Pleeak.
The Emperor has returned to Paris
Ii is officially announced that the Emperor
OF Austria in an autograph letter dated July
3lst, has invited all sovereigns of the Germanc
CONFEDERATION and Governors of free cities TO
personally meet in assembly to discuss re-or-
ganization of Germany in manner suitable
to the requirements of the age. The Empe-
ror proposed Frankfort as the place and the
10th OF August as the date OF the meeting.
The German question was discussed at the
late meeting of the Emperor of Austria and
the King of Prussia.
Latest via. Greencastie.
The London Globe contradicts the idea that
Northern CONSUMPTION is menace to England.
and says the relations of the two governments
are friendly.
Political news unimportant.