, 1865-11-02
FROM EUROPE.
English Opinion on the Alabama
Claims.
COMMENTS OF THE LONDON PRESS
ON THE DISPATCHES,

between Earl Russell and Mir. Adams concern
ing the compensation which is claimed for the
depscdations Of the Alabama and her con-
their conduct towards America during the
war- The retrospect is unsatisfactory, but
the result is she existence Of q feeling which
is favorable 10 an impartial consideration Of
the questions ralsed. You viii know before
this reaches you, whether your government
accepts tho proposal to refer the other
subjects in dispnte to COM
mission formed of American and Itft-
ish citizens. assume, however, that
1t will refuse the proposition If it any way
excludes the consideration OF the Alabama
question in other forms. The Times yester-
Earl Russell intended the liability for the
dcpredatioRs Of the privateeEs to be decided
by tho commission, but this was not the case,
ard to-day It corfrcts the error The dcs-
patches of Mr. Adams arc highly spoken Of
III all quarters. They arc masterpieces Of di-
plomatic writing. The Portuguese precedent
quoted by Ear1 Russell ia thought much to
The point against the American ca.sstnl, but 20
anxicus are our people to sec the matter set
lied, thst think an offer OF fndemnifl cation.
accompanied BY Just Legislation, Is not abso-
Iutely impossible. am bound to say, how
ever, that am alone in this opinion.
REVIVAL OF TIE AMERICAN TRADE.
The poor OF the English manufacturing dis
tricls arc bling repaid for the mtser-
les which were caused to them by the A1neri-
can rebellion. Amesica hns become such q
not supply them sufficiently fast Cotton has
risen to m extraordinary price, mud so much
money Is required to meet the demand for our
manufactures that the rate Of discount for
bills averages nine aud ten per cent. English
commerce has been convnlscd by this sudden
turn In American niIaiss- Europe looks with
silent admiration md nstonishmcnt at the
clearing away the wrecks Of their Etupendous
war and coming into the fields of trade with a
giant energy and force which were peculiar
to them In battle
American merchants are hera In great num-
bers, looking ont for good purchases. Inject
them constantly on the Exchange; In tho
clubs; at dinner parties. They spare timo In
not The class who 60 In streams to: stratford-
upon-Avon, Windsor Castle and St Paul's-
Most Of them are travelled men and have
been here several times before. Ibelievet they
find more respectful attention than awaited
them In previous years, and they cannot but
notice that American credit is higher than It
used to be. No doubt the largo purchases In
aMel1cA1 coLLon Auu k14e o0s1u} III A1uuAc-
tures for the American market do not
wholly account for the dearness OF money,
Tie cattle disease has forced the English
dealers to lay out large SIMS In Brittany and
Normandy 10 remedy the evil. Tho insufi-
cheney Of the corn crop In Great Britain will
obllge England to disburse some e3 ;000, ,0o0 IN
foreign countries for breadstu6s, and the heavy
loan just made to the Brazils has taken away
q large amount Of coin, but the chief d1nin Ia
ht he mi nd tn ri, nh
have reic1rcd-
HOLDERS.
The list Of "unlucky holders,' In the
Confederate cotton loan, which Mr..
Seward has the credit of having
given to tho world, Is unquestionably
q forged document. I have ascertalned
this in ways independent Of the very categoti-
cal denials which the various gentlemen i'm
cult to exaGgerate the annoyance which
hoa1es Of this Find occasion to tic real friends
OF the United States. More care ought to
have been shown by those who first sent tho
list to the New York papers. By adopting 1t
and commenting upon it, journals like the
Sfor have given an opportunity 10 the pro-
s enas as 0dsn sspe oxsS sa1 be9e sae
arc people IN New York who will not credit
the denials; but I am bound to say
that they are wrong, and that when geni1e.
men like Mr.. Heresford Hope declare that
they hold not si1pcnce directly or Indirect
" in the speculation, they must be believed,
even were there no evidence to corroborate
their Affirmation. The question Is asked,
Who hoa1cd 1Ir. Seward!'' There are two
opinions about this I find that 5fr. Adams
knew nothing Of the list until he saw It In the
New York papers, but I am told that other
Representatives here Of the United States Gov
e1nment had been imposed upon md sent the
list over. to Washington as bonne 6ouehe.
Of It's contemporaries Into the trap as
possible, and then opened fire from
Saturday .heyteo and PuRcA, tho faithful
imitatoEs Of the daily prints, followed
suit, until the Star seemed to be lcft without
q friend. Mr.. Gladstone's name got mixed
up in the matter, and the Star Enshly pro-
cceded to read him out Of Office without walt
Ing to hear anything further; but as Mr.,
Gladstone had nothing 10 do with ths loan,
the words came back to the writer with dam.
aging effect We ought to know the secret
history, on your side of the Atlantic, of this /
artfn1iy eoncoctcd paper. Let everything be
rhs5s 40 nd T Een sd Gis IT, ao d do d.
persons who subscribed for 1t In tho first in.
stance can be laid hold Of we shall all be de-
lighted to see It. Only, If you love Is. no
more fiction. We shall look at A1r. seward's
With good deal Of suspicion for
q long time to come.
RuM0KKD FOUL PLAY WITT TIE ATLANTIC
CABLE.
We hare moi Jet got at the whole truth
about the last failure OF the Atlantic Tele-
graph. Constantly hints arc appearing OF
foul play, and Ds. Russell evidently leans to
that belief Mr.. 0'Neill, a distinguished artist
who was on board, and who has published q
Of the voyage, believes the cable
was designedly snapped; and there IS rc.
Eort Of the electricians, Mess1s. Farley and
reason, continue to withhold from publica-
ton. Meanwhile, the promoters Of A1lan's
TRANSATLANTIC Telegraph Company, continue
to advertise their project The line In this
case Is 10 proceed from Falmouth: to Halifax
cables, IS said to be but two.th,rds the cost
and QDc-fQutth The weight and fnltc Tn