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

THE AMERICAN QUESTION.
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The Rebel Loan and Prospectus OF a Rebel
hank in England.
QUgrNsrowN March 10. 1858.
Ths London Times city article says the announcement
Of the loan hos caused UNUSUAL amount OF attention.
The last quotations yesterday was 2% to premium.
The affair In "a be regarded almost exclusively a cot
ton speculation TIE degree OF favor recorded 70 II IN
Liverpool Manchester, Havre and other centres OF tho
cotton trade constitute the test by which london
operators viii be likely be influenced. should cotton
remain at 1s 90 large number of persons will probably
be supposed the great risk Of getting II out The
general quo wi however, bo as to the price likely
prevail for cotton after he conclusion OF peace, and
that IL matter for tho Judgment Of lancashire. six
months allowed the period during which each holder
OF the bonds will have the option after the ratification Of
peace changing them for cotton and those who sub
scribe will do tho belief that the average throughout
that interval VIII be at SIX pence per pound Every other
mode of regarding tho affair would be irrelevant. Tho
loan viii receive official sanction that " the
committee Of the Stock Exchange IL the federal govern
ment ike to apply FOR similar amount tie hypoho
cation Of wheat, Indian OHIO pork, they viii
doubtless 1nd capitalists in their business dealings
totally free from political prudices, aud are guided
solely by the Of the and security offered and
the consequent prospect VI profit.
The reasoning that wo1d exclude the south from loan
OF tho coniact of Msssppi would apply to
the North, since the North embraces Michigan. The
Washington politicians III doubtless st upon looking
at this loan outrageous blow deliberately aimed
against then by tho Esopcu arsooracy and though they
will be conscious thar they could safely do 80 they would
publicly outor into similar transaction themselves. and
that they have already 80 far sc the example that 900
bales Of cotton are alleged BY their own journals % have
lately found their way ~ the New England mills, pur-
chases effected BY federal officers who have continued to
receive them across .he rebel borders.
The IoDdon News says u would appear from present
indications that the complexion OF the subscription s
already virtually assured and that the being
gsrded with considerable degree Of speculative favor
The promoters have fortified themselves with the opinion
OF er Hugh Cairns and Mr. Cotton 70 the elect that there
s no ileeslity wtatsvcr In the transaction.
The London Herald says tho drst quotation wns y
premium. then advanced gradually To 2n premium,
ana anAiy improved 70 sI az. premium, which
pool fepostcd 10 bring tho prizes 20 premium.
There In every TO believe that tho win be
great success The brokers in The American department
who represent the Northern interest tho ndi.
vduais who principally entered into tho Tansacon The
larger share Of eneagcments were completed In the
French market where may be said 70 have proved tho
great attraction throughout the day.
The London Star also takes favorable view of the loau
CONFEDERATE STATES BANK.
preliminary prospectus (without any name being at
tached ot "the London and Con eterate States Bank"
published in the London journals. Tho capital IN fixed a
f2 900 sterling. The prospectus points out tho
ainiy q the ultimate recognition Of Tho southern states
and the dersbty Of having banking faches ready for
the resumption Of that trade winch win be carried on
through new aud independent channels.
England.
In the House of Commons March 10 Mr. Oochrane
for copies correspondence relating 10 sns OF
Greece. He blamed the government for It's treatment Of
Greece; but he believed Lord Pamerston
Of tho course which had been pursued by the Foreign
Office.
Lord Palnerston defended the government, and said
that Mr. Cochrans withdrew his molten when further
objection ay them the table The motion was then
Withdrawn The House Shen went into Committee supply
on ne .fy ra M 70.
fle 097 Tor divine service E43 O2 for administration Of
martial Law, f2sS ,sss for medical establishments,
f76 osS for dssmbodcd militia fos le2 Tor yeonanry
Italy.
The Turin uawps says--Ths actual proportion ef the
loan which will DO raised from the nahan public by
ticnal subscription win exoeed 1900 900. The Rank
o Paris VIII contract for TO- 900, and Mcssrs. Roshs
"a lees than per cent. Takers for t6c remaining
100 900 have besn secured, but tbess will be
ssSs Ss price Of ,bs pss s. ss =
The Gdssif q, 7brt,o says;-Numerous arrests have
taken pace a Palermo 10 consequence Of the discovery
Of conspiracy 10 estAbsh the sciliAn government upon
Mazs,n.An principles Palermo Is quiet, and the judicial
authorities have commenced m inquiry.
telegram from Turin OF March 10, says-Garibaldis
wound has sympsoms Of aggravated character
In the Chamber the Minister Of tho Interior declared
that the pcrsns arrested In Palermo accused Of
tcsting conspiracy, partly Of Bourbon snd partly
Of q MAzziniaa character.
Ths PmIanentary session will close in March, and the
session for iss3 VIII open shortly afterwards.
Turkey.
telegram March IL. from Bucharest, says--ln tho
Cham6or OF us Prncpat'es the Pfes'dont of the Coun
Gil read message from the throne commenting upon the
condue, tb. Dspoty and dssolvng the Chamber Tor
refusing 10 vote The budget
India and China.
The mails frlrn Cacntta 70 Feb g. Hong Kong Jan. 81,
and Melbourns, Jan ~, received
bin had been introduced In The Bombay Council max.
ing tho adults alton o cotton punishable by ane
twelve month imprisoI meft, both. Tbs government
viii h.enso pakng and ginning establishments, and APP
point Ulcers - examine all cotton exported.
The following iaie telegrams are received VIA suez
BorHAY Feb. - .15S3.
Cotton goo1i and yarns higher and advancing.
frcighU uncl nged-cottoD lis. gls 10 Liverpool IN
change ~. Id q %. "a.
CsIcUrra, Feb q, 1858.
shirtlnss and twist nrm. Exohsnge n oxd. Frelxhis
for soeds 10 bsion s7s. Cd
Coasneretal Intelligence.
Ttk LOSDDs MONEY saKxsr.
fFrom the isSdoa Herald lcfy af,icel, March fs
BusDcw at lss stoct ixchshgs contingcs " sthbit
varying phns@ sp>cua,ou efidsty rife IN The ssve.
raj depsrtmeits aud consequently The Sudden daily
changes IN vsites. kbgish securities al
well supyvtsd but later ', the sterno part,ai
besyines gain visible, the prices rvn fus nr
lower II sssrtsd ttat tho french COVER rnent Aass
rseypsoS a. ycss"s n ne booiai, " Cy<0t>stoa by
CcrTgi>raEs nl.ok 4 l<ifsesa nay iad O. hs syyas1
sun Of pas. riss sAyicc~ the wbsc were net Goa.