The New York herald., 1864-11-05

REBELILoN--Ons OF the ablesfx ststewen OF
England Is uDquestionably Mr.. Gladstone,
the Chancellor Sf the Exchequer. he has not
only genius and oloquence OF the highest order,
but he has the courage to cast aside party ties
And yet, strange to say, whenever he comes to
speak on American affairs, this gifted states
man exhibits an utter incapacity to form cor
rect conclusions. With . mind philosophical
enough in its tendencies, he seems unable to
reason philosophically In our regard. He
judges Of everything from English precedents.
as If there were any identity in the causes and
circumstances Of the cases from which he draws
his parallels. When, therefore, he deduces
the right OF secession from the establishment
of our own independence OF the British crown
he Ia entirely In error. The one was case in
which the compact was broken by the despotic
acts Of tho crown; the other was one In which
the grounds assumed for violating It were
utterly without justification. Then, when he
South, he again reasons from the view taken
by Englishmen of their existing relations with
their own colonies. If the British provinces or
Australia were to rebel all the power of Eng
land could not reduce them to obedience.
There are physical as we'll as moral obstacles
in the way that would prevent such result
Her small military resources, the wide ex-
panse Of ocean that has to be traversed by re-
inforcements, the not too we'll affected condition
of her population at home, and the CONNER
cial interests of those colonies themselves, are
all opposed to 1t. For these reasons she
makes merit Of necessity, and is willing to
allow those dependencies to set up for them
selves whenever 1t pleases them to do SO.
There is no parallel between such cases and
that of the South. She has in reality no
interests distinct from ours, and we have oil
tho material and moral means necessary to
bring her back to us. We have no oceans to
cross. and no limit to the population whence we
draw our armies. It is all nonsense to say
that our success Is impossible. The law of
superior force will soon determine that ques-
tion. What was done in the case of nations
different in race, like Poland and Hungary, by
despotic governments, cannot be impossible
to free government seeking only to bring
back to their allegiance its own refractory
citizens. Mr.. Gladstone, like Englishmen
generally, reasons on this point rather from
his desires than from his convictions. 1t
would be paying his understanding poor
| compliment were we to accept bis conclusions
as the matured results Of his convictions.
The New CONVERT TO ExErER HALL.-There
is but one real abolitionist, and his name is
JEFF. Davis 1t is mere nonsense to talk OF
any other. What is Wendell Phillipsi A
phrase monger, pitiful pedler OF sentences,
who is nothing if not sore headed. All the
speeches that he over made would not get
shoes for single niger, much less get the
body and bones Of the niger out OF thraldqm.
What is George Thompson? An itinerant lee
turer, not 50 good as Artemus Ward. 1t is the
same with all the notorious Exeter Hall
men--the nominal abolition'sts Of the age
! they are all nobodes. Evea Old Abs is
| not much better as an abolitionist than the
Exeter Hall men. He levelled great blow at
slavery by his emancipation proclamation; but
the blow fell short, aud there was nobody hurt.
| Old Abe had not the reach necessary to send
F! his hit home, and did no harm. But JEFF
| Davis is an abolitionist or some account He
proposes to free three hundred thousand able.
bodied niggers and give to each fity acres Of
/ land. With the emancipation Of these three
| hundred thousand ble-bodied men there will
necessarily be an emancipation Of six hundred
| thousand old men and women and niger
babies. Let the admirers of Wilberforce be
still. Twenty millions Of pounds paid for eman-
cipation in the West Indies! The national debt
OF England will not begin to pay the bids for
Jeff.'s emancipation arrangements, or furnish
the remuneration" that is promised TO the
owners of the nine hundred thousand able
| bodied niggers and old men and women and
| nigger babies.
| The PETROLEUM INTERasr.-The petroleum
interest has become a shining light in the COM
mercial world. There appears to be some
thing more substantial Than gas about it, and it
decidedly grows fatter every day. A short
time ago we gave list Of the different compa-
nies engaged in extracting the fat of the land
from the soil Of Pennsylvania. They repre-
sented an aggregate capital OF eighty eight mil
| lions. An addition to that list shows now a
representation of one hundred and sixty mil
lions and two hundred and thirty companies,
who are working, or pretending TO work,
oil farms, which are far more profitable
than grazing farms, or grain FARMS, or farms
under green crops Perhaps they resemble
"a