Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-05-05

Is no question about this. I 90 not forget Mr
Bright and the Emancipation Society, and theil
adherents. Tbs Jealous Aboilionists would
mourn; but the nation would rei0iee The Tea
son Of this is because the North or the National
Government, if i can restose the Union, or
conquer the South, viii bo more powerful than
ever, aRd more to be feared by Englsnd
Here is the real feeling in England, and here
are the causes Of that feeling. We are in the
crisis Of the Lancashire disaster There is no
more rioting, but there is growing bitterness
and irritation Half a million of people cannot
be kept month after month il idleness, suffer
ing and humiliation, without mischief The
G9yernment sees no way. or If it hss any plan
OF action 1t makes no sign. Al It says IS, Don't
hurry us-don't tie US up. Leave as free to act
when tins time comes" In the debate ia the
House Of Lords, before the recess. Earl Russell
four times declared that, in speaking against
! recognition, he spoke Only for the moment, and
did not bind himself for the future. Lord Pal
mefston has been quite as careful. There is
nothing in his past declarations 70 hinder ais
announcing, when Parliament meets again on
the 18TH Of April, that Her Maiesty's Govern
men, in concert With that of the Emperor of The
ffeneh, has resolved to recognize The independ
once Of the Confederate States.
do not say that this viii hsnpen. I only
say That the Government has purposely refused
to make any pledges or declarations which
wonld prevent them from taking such a course,
and that such course would be hailed with
aecsnstion- just as taoir action was IN the ease
OF the Trent, or wOula be ia that Of the Peter
hct' It It became Necessary to take similar
measures
While this is the position of the Government, |
the capitalists, who have lent Sl5 0GO, 600 on /
cottoH, who are builiin- ir0n-clsd3 and rams By
t5e score, who ags sending ous whole fleets eff /
q la. l. H.
soma! interest In involving tho Government in /
the war. And you viii not forget the "cheers 4
and laughter" that sustained Mr.. Laird, the /
great Southern steamboat msa, when he de- 1
cleTed that he had openly built the Alabama for 4
the Confederate Government.
lac Confederate loan, which went 10 FIVE 4
premium, has fallen below par, but rises ard |
falls With the prica of cotton and the homo of
getting it fom tho South. One Of the S8encss.
OF Liverpool a relative of the Confederate
agent, has failed. probably from the capture Of
some OF his blockade-rUnning ventures. T1e-e
nave been several similar failures, bus these
lame ducks viii not deter the Aooa of esssr
sPeculatoTs It is q lottery, where, if tie risks
are large, the prizes are splendid
The delsy Of naval and military operations
may be all for the best, but it is very sgyravst-
ing to those who wait for news Europe
watches for the attack on Charleston with the
lvehest interest, IS promising 20 be the most
magnificent experiment in modern warfare
The more important operations on the Missis-
sippi, as they are less understood, are looked
upon with less interest. There has been an
)utbUrst Of indignation az the reported cutting
)f the levees, and inUndstion of the country, L
put opinion on the whole subject is 50 Him.
ormed and confused, as to make the sentiment
IS ludierous as it is spissful.
MONADNOCK