The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-04-01

Inc weather oporaed 70 check bu1ino9D yoseeroay -
Wall street DUH Stocks and gold wsrs however, GO
morally higher the latter sold at i5ok closed at 5o
bid Exchange sold 1888 for bankers signatures Money
was exceedingly abundant everybody had money over
1t the close.
The storm yesterday checked business materially
There less activity but increased nrnness in ths
market for bresdstuns and provisions There was
doing In middling cotton which quoted up 10 Toe.
TIC. The sales OF groceries were light likewise
tho reported transactions most other commodities,
prices Of which. however, were essentially unatered
The freight engagements quite light withou, any
remarkable changes In rates.
The Late Important Anglo-Rebci Dtrlo-
matte COrrespoadonce.
Wepublished the other day very curious and
interesting letter from Lord Lyons to his govern
ment on the question of British mediation in the
matter of our Southern rebellion, and some very
remarkable letters between James M. Mason the
rebel ambassador at London, and Earl Russell,
on the blockade mediation, Intervention and the
recognition of the "so-called Confederate
States"
The letter Of Lord Lyons, written shortly
after the suggestive defeats of the republican
party in the Northern elections of last October
and November, is an effort to mark out the po-
Icy of Great Britain according to the views and
calculations of the Northern conservatives.
Lord Lyons says that several ofbthe leaders of
the democratic party sought interviews with me
Tin New York; both before and after the arrival
of the intelligence of Gen. McClellan's disms-
sal J" that the subject uppermost in their minds
was foreign mediation between the North and
South" and that sat the bottom thought /
perceived a desire to put an end to the war,
even at the risk of losing the Southern States
altogether but it was plain that 1t was not
thought prudent to avow this desire :" and so on
to the end of the chapter. The substance of
Lord Lyons discoveries among the democratic
leaders who thus enlightened him may be given
in few words. They were ready for peace
upon almost any terms of reconciliation or Sc
paration, and were somewhat DESTROYS Of Eng
fish mediation in favor of an armistics and a
convention, but were afraid Of the people and
80 Lord Lyons, failing to obtain anything sub
stantial, definite or satisfactory from these de-
mocratic leaders, wisely suggests that the true
policy Of England is to stand off, look on and
NV olb VIC COuAoO Va CVCutos We PAOouMC shos
in writing letter to-day on the same subject
Lord Lyons would be able to reafirm this wise
conclusion without consulting either democratic
or republican leaders. We next come to the
earnest and persistent appeals of J. M. Mason,
the rebel ambassador at London, to Earl Rus
sell, in behalf of English Intervention, media
ton and the recognition of the " so-called Con-
federate States" The excuse of an ineffective
blockade and the temptation Of unlimited sup
plies of Southern cotton are presented to Eng
land in very tempting shape, to induce herto
intervene against the blockade; but the only
answer vouchsafed to this letter is that 1t
has been received. Mason next informs Earl
Russell that an offer of mediation from Eng
land would be received with high consideration
and respect by the Confederate States, to which
his lordship substantially answers that an offer
of mediation, if it did not offend the one party,
would offend the other. Mason next makes out
Q labored argument in favor Of the recognition
of the Southern confederacy, and asks for q
personal interview with Earl Russell upon the
subject. An answer is promised to the letter;
but the personal interview is respectfully de-
clined. Mason therefore writes another letter
in behalf of recognition but is answered that
his facts do not agree with those Of Mr. Seward
in regard to the results of the war; and that sin
order to be entitled to a place among the in
dependent nations Of the earth, State ought to
have not only strength and resources for time,
but ought To afford promise Of stability and
permanence." The irrepressible Mason next
returns to the blockade, and produces another
array of legal arguments and Southern custom
house reports to show that it is the duty Of
England to put an end to 1t; but NY Lord Rus
sell replies that he has already argued that
question, and says that ''the occasional escape
of small vessels on dark nights, or under other
particular circumstances, from the vigilance of
competent blockading feet did not evince
that laxity in the belligerent which enured, &C
cording to international law to the raising of
blockade
Now, when it is considered that this rebel
ambassador Mason was, in his way, the most
pompous, consequential and unapproaohablc
public man in the United States il must be con-
ceded that his submission to these repeated
snubbngs and rebufTs from the British govern
ment establishes afanatical devotion to the cause
of JEFF. Davis which is positively sublime. But
as Mason has submitted, and as Davis has en-
tered no belligerent protest against Earl Rus
sells responses, we presume they will not pro-
woke the " so-called Confederate States to a
war with England. The government Of the
United States, in the meantime, owes nothing
to the British Cabinet for these satisfactory
manifestations of neutrality. They are due to
a power behind the English Cabinet and aris-
tocracy, aud behind the throne, greater than
the throne itself- the power Of England's pub
lie opinion, Of which such men as John Bright
and Richard Golden are the chosen expound-