, 1865-07-31

- Ia 'E4A15r r Elu4J4 3l!y II, 11b6-
4 good deal Of attention has been attracted
here by correspondence published IN the
French papers, between Lord Cowley and
Lord Russell. 4 short time previous, tha
.PdtYie had contained mysterious paragraph,
significant Of its old Southern tendencies, to
the effect that "France and England had
come to IN understanding about what was
to be done respecting America" From;
the Il, wel.known sympathiea Of this
nboye journal, some uneasinass was felt At
the time hy tie friends of the United States,
In this country, lest the above language wa5
meant to intimate TINT the Imperial Govern
ment had been drawn by England into some
'nlent. :, You may Judge, therefore,
that the surprise was considerable
and the satisfaction not great when.
by the correspondence above at
;luded to between the British Foreign Min
was made to appear that the right &C
corded to Confederate corsafrs to be- dis.
a1med and sold, and which SO Justly aroused
Mr.. ScNard'5 remoustrADces-that this right
was first suggested and almost stipulated
for by the French Fo.ctgu Minister, II.
DrouynRdes L'Huys. At least Lord Cowley
writing to Lord Rnssel on May 31st says thst
IS "slight further concession to Conttd-
crate vessels" while he himself supported
the view TINT such vessels belonged abso-
lutely to the United States Government.
Lord Russell, writing back In reply to this
French suggestion, Rdmits that tlle English
american authorities to these yesse1s.. New
e1theless, with strange inconsistency AMI In
compliance, 1T would seem, with this French
suggestion, in his dispatch to 3lr; F. Bruce
On the suhJcct, Lord Russell authorizes the
said disarmament. at the: risk, 1t Is tEue,' Of
the pnrttea eaecting 1t. and without tho
The British Minister, in abort. while author
ling the transaction, leaves the risk oft to
the Iransferces Of the vessel. But the origi-
nal proposition OF q Bale and disarmament
came from the French Minister and bot1, on
thcground Of z4um euique, and also that the
American people may estimate ur!ght the nc
tion Of Gll parties toward themselves, have
thought 1t desirable to call attention to the
European pclltica would be d dead letter
rs usual at this season, we're theru not = ru-
NOR afoat Of the Etnperor's intention to raise
The question Of Peace Congress. Al; pre-
sent, however, the reports vague, trsceab1o
to no authorized son1ca, and fatty cuntra-
dicted, in semi-oflcla1 tone, BY Lo France.
I myself attribute 40 faith to IT.. In
fact, the hope Of revived commercial inter-
course with America ts Just now far moro
prominent In the French mind than any po-
litical question. How can one wonder that
euch should be the case, Casting my oSa the
other day on some re e,ent official returns OF
French commerce, was able to appreciate
the effects Of the -late troubles Id America
upon this country. The exports Of French
silks alonn to America, which amounted to
103 millions In 1860, had fallen to IS mil1tona
In 1853; Wills the total Of French exports
to the United States had decreased
In the eame three years from 80
to ninety-fou millions. Stimulated by tho
treaty Of commerce with England, the
French manufacturers hare made prodigious
prosress Of late, and look forward to COM
pets successfully with England In the naw
outlet opened to them BY the zetuzn Of
peace, - -''t" g ::
Every effort Is being made to organize the
Havrc, Drest and New York line Of steamars
On the most complete footing. The calcula-
tion ia that the voyage to Brest should be
performed within ten days. Tie Europa id
It lately IN nine days anu seventeen hours.
Thence an express train will take in pas5e1-
gers md dispatches in twelve hours to Paris.
There will soon b. five first rate steamers on
the line, Of which the Napolcun III will be
of / 15QQ horse pGWer..