The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1864-11-05
THE PACIFIC
Commercial Advertiser.
SATURDAY. )
Foreign News.

The news from the United States becomes
more interesting and exciting as the day Of the
presidential election approaches. This we con-
cider one of the most important events OF the
year, that viii leave its mark on all future
time. The reelection Of President LINCOLN viii
compel the rebels 20 accept the only terms Of
peace no. open for them.-a complete and full
gurrenler, and an entire and final abandonment
Of slavery, f0E the preservation Of which they
are fighting. The struggle may continue for
years Yet, but it. final Issue must be tie same
as if it came to-day. Il, however, by any
F. combination IF circumstances Gen. Mcclellan
should be elected, the rebels viii triumph,
slavery be re-established, and the Union forever
d.smembereu. We % NOT say that lie IS pledged
= this, t0r he Is not pledged to any policy
bat these ire the ayowed principles Of tie cop
perhe4d party, which has nominated him. These
being the issues involved in the contest a. the
baIIot-box. which viii be decided at shutdown
on Tuesday next, it IS natural that Americans
here, and foreigners too should watch tue news
with peculiar interest.
We 10 not look upon the election Of Mr..
Lincoln as an absolute certainty; for, in tie
stirring events thai are now taking place. some
thing may occur - change the minds Of the
masses Of the people regarding the wisdom Of
his choice. The New England States will urob-
ably vote as a unis for him. But New York.
Pennsylvania, New Jersey, Maryland and Ken
tucky viii almost as certainly cast their votes
for Mcclellan. These alone cannot elect the
latter, and the chances, az they appear to Us
now, are vastly in favor Of Lincoln.
In 1860, the first news Of the election Of
Lincoln was received in Honolulu on the 9th
Of December. There are more packets running
nov, and we shall probably receive the news
By November 80, by the Ourard or Conet,
both which vessels will be due here before that
date.
The kilograms from Grant are to the 10Th,
Up tc which date very little had occurred in
his lines. Both armies were, however, closely
watching each other, and expecting an attack
hourly. No greater success could be asked for
than that every advance made by the Union
troops, and every fort captured by them, should
be firmly retained. The seat Of war viii, before
many weeks elarse, be removed from Richmond,
Tor its vicinity is becoming too warm for Lee to
remain there a great while longer.
The attempt Of Hood to break Shcrman's
line Of communication between Atlanta and
Chattanooga had succeeded, and the railroad
had been partially destroyed by the rebels near
Dalton. But at the latest date. Sherman had
arrived there, and driven the rebels westw ard
towards Alabama. II must be conceded that
has a hard task to hold unmolested 80
long u line Of road az that referred TO. There
is evidently to be considerable lighting yet in
Georgia.
The return Of Sheridan down the Shenandoah
.alley, followed by Ewell's forces, is Il military
WHICH suOuIu not have been uIIUHeQ. +
The assigned cause is. that he was too far re-
moved from his base of supplies, which was a
hundred miles distant. But Ewell assigned the
same cause for his stampede or flight from Sheri-
Ian. The movements in this valley partake of
ne nature of 4 seo-saw game. Government
'uglt to have strengthened Sheridan at Staun-
SO that it would be unnecessary for him to
.etrace his steps and lose the advantages he had
gained by hard fighting. I
1t will be observed that Grant has ordered
Sheridan to destroy the grain stored in the q
and the barns ami stores Of the rebel /
ympathizers there, in order that the guerrillas .
rowling through it shall not obtain the succor ;
hey want; and that Sheridan has commenced .
arryiDg out the orders. This is severe, but it =
the only way TO serve the rebels, aud their =,
ympathizers, and TO put an end to the war. f
md il Lincoln is reelected, and the Northern II
eopLe sustain his policy, mark our word, the p
ebels and their friends will not find the lenieney Il
have had during the past four years, which Z
as tended To encourage rather than terrify a
and indifferent people at the South. v
y financial crisis is commencing in England, t:
'hich threatens the most disastrous commercial l
4 letter from San Francisco refers TO 81
in the following "
"a money panic is reported in England, attri- =,
10 the mutations consequent to the numerous :,
int stock companies and cotton speculations. The y
rye demand for specie to meet maturing payments Is
India and China for cotton, which cannot be met n
exports. compels England TO pay 81 gold FOR her 2
ttton, which she formerly paid for IL barter trade -
it'll the United States. 1t is predicted by many OF :,
IT shrewdest merchants that the existing panic in
ngland will be the most severe felt for many years" ri
The rate Of interest or discount at the bank
England had risen to twelre per cent, which ~
itself must create the greatest alarm and con- "
sion in business. Should this continue any .,
myth of time, it will seriously affect trade all In
er the world. Although England does not Al
tain now more than half the cotton she did Of
few years ago, she probably pays nearly twice ne
much for it, owing to its high price. ba
From Poland. we learn that the Poles still =
Id out in their rebellion against the Russian n
Ivernment, but no details of their success are WI
ven and probably they are closely beleaguered M
the latter. "