The New York herald., 1864-08-04
No Intervention
Re ACE WILL CONE YROM THE FAILURE OF THE WAR.
lFrom the London Zines. LulY

re ACE WILL CONE PROM THE FAILURE or THE WAR;
From the London Times, July 49,
Two years ago, when the American war was yet
young, there general wish among those who were
scaIdazed at is excuses 10 bring Tie influence OF Euro
pean nations to bear the combatans, and by oer
OF mediation TO compose the differences between North
acd South, either BY restoration OF the Urion under
new arrangements or BY peaceful separation. Th,s
well nteaioned scheme coucsted the sympathies OF
Tho best men OF all classes, but did not satisfy their
JUDGMENT. IL wss matter in which the plain common
sese " tue Engsh people proved wiser than the p0i
ca experience of the French Emperor. 7aat sooer.
t.e icentnuanee Of he contest, submitted 10 the
ht'trn government proposal for JOINT offer
Of Russia and other Powers was TO be asked The
II ench pre.s dwell up9n the unnatural
,npTObs oii,y Of favorable the fedeais or
even Of 81 cod o' any kind for long term of years
equal energy atd vaor OF the two seciioDs OF The
American people and the which tho Invaded
contest oc o. the most prolonged and desolang
Known Nor could humane men hear without regret the
sroats s2sl'Gsi,sn @ sre eEsermn,en xhch sysp theT
were inaiieTed al Washington or look whuu a!ai m al
the Wild sohemes FOR raising money possible only on the
supp stHl Vi carly success, which Initiated by Mr.
III colps Cabinet cd 10 disorder the lrarces
~ .Do whole world. When tho proposal of mediation
made 10 government there rdingly
my who thought that absolute naction was hardly
peiioGt, and that nation so nearly connected with
Amer own ought, at least TO make tender OF
good Offices. The subject had, we doubt not the ng
ard attentive consideration Of her Maesiy's minister's
ard TIE result that though agreeing for most
part xith tho Emperor OF the French. they came the
concicn mat 10 good could foo0 from regular and
How is il likely that the mere preaching
Or England ami france could convince the Americans
more 11n e issos schtch etents reading tts,aS
Can the remarks OF European Cabinets the "futy
or their enterprise convey them any Information
they do mol receive from The rosit Of their armies and
of their carrencyy What st1tceman moraze
better than the dispatches from the seat e war and
from Wall sueetY Such Intelligence as we have lust
received, Tor instance, must make a dec, or lmpres
slon than thing that two suspectedwe may almost
say hated-furopean Powers can advance Genera
rm
reclced 70 mae toa Confederate nrdston
misses nothing permanently favorable in the Southwest
tho Conedefates are slowly recovering their
| ritoty the diminished armies OF the North are
scatccy strong enough to hold the coatra points whcn
ihey seized 10 formcr campaigns rhe comrneat on all
this s cne which cannot be suspected Of partisty. Is
not ours, not that Of democrats or soubcrners, is
that ot the whole mercantile community. Gold by the
latest advioes bad again risen 10 27l in spite
Of the repeal d The gold bill and The &C.
cesslon 10 power OF admuisrstor said 10 hiye the
c2odence Of he country This porientous circumstance
explains sulcienty the real state OF affairs When paper
ntsaey Is thus tsafneE'cty dd rapidly deprecied u can
he dy ~ SAID 10 Hare any as,ory rdiue al all. The
aga sdin becass no man can calculate even for twenty
oar hours the value OF the paper which he holds Let
he sacety Tor Obtaining the cess tiou Of nostilties
ook a the recent news, and they VIII see reason 70 be
content with lord paiaerstnns The best service
~ q THIS country can reOder 70 The cause
iere 70 American politics by word or deed.
Secretary Chase's UesignatfolI.
IrdllsH oFisioE or IT'S cAUsEs AND THE FINANCIAL
Policy or TBE Bx.nfNIsrER.
From tho London Tines July ID
we SHAH not pretend 10 emulate our American con
pofHres ~ srecuaing the Gauges which have riv en-
rise 70 the resignation o Mr. Chasc whether il be- that
he tbuf resents the npuiaious upon him by Gene
raj Rlaf. not, as commonly believed without the
nspirtior aud encouragemcnt Of Nr. Lincoln; whether
he has rot yet abandoned all hopes Of becoming President
himself or whether Mr.. Chase feels that hrs part n
played out and that he Is fortunate In escaping from the
duties o' Olsen angling web which has fallen under his
hands iute such Intricate confusou do not care to
inquire. Enough Tor us that he gone ard, like Ulysses
OF old, h7s r tehRd him boio whch no one else ,o b.
abe 10 tend Whatever be the talents courage OF his
successor be cannot hope TO achieve ne wondvfui fea
thai Mr Chase has accomplished. Wo may have great
poets but NO never can have another
f his genius TO descend another morta we can.
not give him the pure and untred language out or which
be wrought bis wonderful conceptions Even Amvod
hdUe dnothr Chdss, hcru@ sbs Offer
u man hs sane exrocranayy dmosa, Of mate iol
EesNaI, created oX " tbe riches Q vvpin sot bg aJ