The New York herald., 1863-09-05
OUR SPECIAL DISPATCHES.
Oar London Correspendencs.


LONDON, August %, 1888
ALLEGED BaxIruytcy Of ne Contractor for nc Southern
LOon--7he PripaAen Fioridd-Necessity for Squadron
Of O5ssrrdiion of the Eaglish Cosa-Prospers Of Euro.
pean Way-A Russian and American Auidnce-Na-
poleons Intrsoues in the Rhine Prorinc.s-ksico ana
the Southr~rs-Dofrss w the Divorce Court, &C., &c.
have piece OF intelligence communicate 10 you
which win hardly prove very gratifying TO Mr. Jefferson
Davis and hs colleagues in the region Of seceh I, Is
currently reported Change today that Erlinger Co
OF Frankfort tho contractors for the Southern cotton
oan are bankrupt. Pleasant this for the gentle
men Richmond and pleasant for the speculative foois
In Eogaod who have been done out Of their money.
This rumored bankruptcy, coming coemporaneo1sly
with the intelligence that the 5oulberners burning
destroying the very stores OF cotton on which the
loan has been raised, has dono anything but put the
friends Of seceh this country Ia good bumor. They
do swear trine you should like TO have few
southern cotton bonds curissities n tho financial
world you have them very cheap assure you
Though the English newspapers have with wonderful
unanimiiy abstsined from noticing Mr.. Walkers
pamphlet Davis reputation principles has circu
lated very freely for all that, and contributed not little
TO discred the financial operatisps OF the Southern
agents.
ny the way, have you spare ships in your great
feet which you could send squadron OF observation
into these waters The Southern prIyateer Florida
on the rsh coast Tuskar Head the other day,
and American vessel from Liverpool richly laden
very falling her piratca clutches. Your gov
at Washington should really look the s1d
send effective squadron o. observation keep watch
OF this hostile coast |, hsre that the real couspi
,ors against tho grss, American uni'n be found.
tits amusing 70 the desperate efforts which the
nmS and lts mltator-be Dotiy Teleoraph-are making
to raise the sinking hopes OF England in tho prospects
Of the south. Nobody viii believe either organ now,
they have lied % cgresousIy In the Of secssh
THIS last year or more The present professions of
ldcnce 10 the genius q nsys and the risor q lee,
gaas speak of being controlled by Jewish spectators
The history or the Telegraph curious and instructive
h1s b. soaaue y s game sa = =
that European war is Inevitable. Napoleon has been
ioins all be eoud 70 DRAG England into the but little
tar Russell asfully afraid of beng made catspaw u
by the cunning French sovereign " pick tho Rhine chest
nat ou, q the Me Besides, Eagand Is in terror o. 40
knows after her own recent Wonderful declslons
tsrnat.oDa Law. what dreadful mess would be made Of
her own commerce by the countless American prvstcers
wh,ch would 20 speedily swarm upon the hsh seas BIT
Napolson playing hs sans steadily for The eItenslgn
Il CHE % mos ss' oy.r,s % b.
ions 10. much happier sSsy YOU'D Bs i .a ssi,sa o
the great and prospous empire of France instead of
plnns Under the miserable and verAtous rule q the
foolish Prussian king
Every one here s ssklag what yon are gcsg 70 40 10
the heIican business. The Ashduxs Ferdinand Mar.
milan has accepted the post q EmpAror bat bow long
VII he be allowed 70 ENJOY the barren honor Tbe
sou,herner hers rub tbelr Aands and err, "fts al
rzht, now We shall have "a Offensive and tsfensvs sl
between France, Mexico and the souhsrn confeds
raoy and thsn shant we lick Abe Lincoln and bis Yam.
keesf Poor fcoia. tbey counting their Shckeus be-
fore they arc haichedj they don't Know what awfgl
,os o. th, .gs afS .ds'ss An se.ry lor hs Ausri.n
This usss, Tor he Z really vsFy sood fellow fDsrn
have ssss - Adnwsr tbs American rason, spd wta
very popular % ItAy ySaTs kso, wheo vIcercy kisk,
for hu kent~pe~s and lfC1rallly
Our moral progress hSve N vcoAsrfsl. sbcs wrox
last seek, 100 oviery hss beln ralss1 "a Usdos N
u 81 Dncops spsatAels V ~ Ds seau9Ss slASr q