The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-09-17
The European Press on the American War

The European Press on the American War.
The English papers Of tho 18th ultno contain
copious comment on the American var. The Lon
don Times cannot believe that Grant, whom it calls
ga pertinaoous General that no number OF rcyerses
seems sufficient to check" can intend a movement
against Richmond up the north side of the river,
but rather thinks that he will attempt, by such
movement, TO reduce Dsewry's Bluff The same
paper, the Presidential election in the United
States, says:
If the Federals win--if Grant takes Richmond !;
sherman, Atlanta; and Faragut, Mobile we may
anticipate that the peace party will be discouraged
and their opponents enabled to prosecute the
If however, the Confederates win, and the Federals
experience any signal disaster, the party viii be
overpowered, while similar result would probably
follow if neither party won, and things re-
manned exactly as they are. This is the strong
point in favor OF the South II they can only pre-
vent the balance from being turned decisivey
against them, the advantage OF the campaign will
be theirs.
In the event, We cannot but anticipate important
consequences III the Northern States.
Nobody well anticipate that Mr.. Lincoln
would be reelected without contest, that the
contest could be otherwise than desperate, But ii
desperate contest implies conflicting principles, and
Mr. Lineoln's principles have been distinctly pro-
iiuuilced His policy as at present asowed, Is
war " to the bitter end "-aud it Is the party
protesting similar views that he has hitherto relied
Tor support But this adoption Of the war on the
part OF one political section leaves the other with
the alternative but to adopt i'll shape OF other,
a policy OF peace. It may be transformed con-
ceaied under various DISCUSSES, but to this end it
must come at last.
1t the Republicans with their unsparing eff
forts, could do nothing against the South it is not
to be imagined that the Democrats with their half
and-half policy, could do any more. 1t Mcclellan
Is to be their champioI We know already what may
be expected The armies OF the North would he
Inore prudcnty handled, and, after check, would
be more expettiously withdrawn; but they would
certainly make no more impression the South
than tie armies Of Grant or Hooker.
1t appears to Us, then, that if the Democratic
party make tight for power, they must do it sub
atantlaly on principals Of peace and the events OF
the next few weeks viii probably enable LIS to anti
Ciptte the result.
The London Army and Napy gazette says:
Pending the great Presidential contest. in the
North, ON which the attention of all men ~ AIle-
rca Is HXed as upon Its result hangs the saue OF
peace or war for the year 1865, nothing decisive
has occurred lately iii The history of the war as to
determine the choice of the electors towards one
candidate or another The negative results of the
C1nlpgn are ail argument tor the peace Democrats
Tie men Of the North have now
to decide upon their futurcto choose between four
years more OF ruin and disaster peace and s.pa-
ration from people which only wish be lett alone
httlo calm reflection and looking back upon the
past VIII surely convince them that the prospects oi
the wAF u subJugatlon utterly desperate.
The German capitalists have gotten enough Of
those Yankee bonds. The London Times says:
Letters from Frankfort say: "Our market has
decidedly, tor the Present, received enough Of Aue-
rIean bonds" The sale vi the parcels brought by
the last steamers has been practicable only Ie-
dHton OF TWO per Ltnt. from the New IUlk prices,
and the Amsterdam market seeinS tu be III similar
tdIttitio, orders tor se troIl that qult having
been transferred to Frankfort The bonds cad !
held, however, are Ia comparatively strong hands,
81 that speculative psiIllc Is avoided