, 1865-06-22
TIE CONFEDERATE COTTON LOAN.
n. Theirs On Maximillian's Empire

R,f
,ho'hing has been more remarkable In the
history OF the attempted secession Of The
southern States OF America than the sudden
collapse Of the effort made TO accom-.
lsh it, With the fall of Ricn.
Mond. tie whole power OF the
5o9sh iell to the ground. The victory Of the
fcosfal forces Was even more complete than
tne NortheIn people themselves were dis
posed to believe. The cIscumet tantial account
Of the escape Of President Davis, with an
armed escort many thousand strong and sew
tsal wagon loads Of treasure, ob1afnec a ere.
deDce which could only have been possibie
on TIC snppositlon that the conflict was MOI
OVER. The ttnth, however, seems to be that
east Of the Mississippi 1t has been inpossible e
70 Keep single corps since Lee surrendered.
On the west Of the river kisby Smith main.
tains some show Of resietauce, and VIC hear a nr
an enthusiastic mass meeting In Louisiana.
but tlc tid'ngs arc evidently apocsypha,, It
y probable that the ttfectivs chaTacter nj
hnbF sLl,ith's resistance Is no better and NO
Morze than that Of ex-Pscsident Juarcz 10
lhe FRENCH and Mexican forces. In u coun.
~ 60 extensive and 50 ,tl,nly peopled rs
1,e 1dedas, q desperate man might wage war
the contest would not be Of q charas%tc, %
10 acquire international coeuIzsncs.
The contederacy has fallen t.
pieces; the Congress Of The % conteS' ~
efntc States has adjourned never to meet
aean 1hctr president and yice-ptesidcut ans
PRISONERS The leading generals Of the army
naEe !is e1f1tnde1td, and only few broken and
Ilylng 1oFces aie, TO be found In the held.
Under such circumstances the question OF our
relations NTH the confederate coyeInment
drlnnnds dsrcconeidcratitn. The nation an IarVn
VIII approve tho determination OF the Coytrr-
ment With respect to confederate ships Of
Was. Whatever symrathics may hare cxist.d
amocg Us as long as there was rcal strugcle
lor separation, We cannot view with favor a
v Wahtun and causclcss psolongation o: state
o. hostility. The Soyeznmentd do not, indeed.
withdraw In terms the recognition Of tIn
belligcIent tfdtas Of the remaining combat.
ants. bcllisefcncy is fact which NAV or
may net be- rece eguizstl; but when it ceases to
e1lst y can, q course, no longer admit Of
proclamation oI President Line lin b,ockadino
me ports OF the South would hare forced us
10 lcc0tntzc the bcIligercnt character Of thc
cohiederacy had NO other reason required tl,e
step to By 1nkeu. The {etiespl coyrrnmrnt
Its intention Of exercising RIGHTS
which were in fact the rights of hali7Ccteot:
s1d one helliEerent implies another. Presi-
aent johnson, In the Interest Of foreign com
neice, slni rccogpixes the privileges If neu.
lrais attempting to tinde with ths uorts OF
1exas, we hope thai the moderation Of the
fIes:dent VIII not be unrewaraej, and that
e-ngllsh' vessels VIII not be found attemnffnr
70 enter Galveston and Brownsville.
lAE WAR Just HEGEN-MISfsTERlAI. ERROR
From the London uersld DERBY orgaa, jane II
i, The declaration Is at least premature. In
INC present position ofa1aire ii Is most i,1oei.
y and most unstatcsmanl'ke. Itis proba.
,in MS antenaea sa. az as, SOP to Northern polttl-
@ a,nss !i,h Mui ~ w. VIII cn!y encourage: them to
for the foasaR cancel ~ ~
anoaIna ano olher ycsse'e. It commits this
.ou1t1y = 70 nm attitude Which, In LEGAL point
y }! view, Il untenaole. Our FOREIGN Secrc.ary
= ~ VII conarecend TO glance ut the map
4 4 ,.st..,n' T.. nIt nno that the great river
"ost1fp.; ,noa u ~ course from the ncishhor-
loe1 ~ - hs eupc.lof 70 the Gulf Of Mc1.
60, 60, seEalaies oae~talu from two.thiros OF
hs area OF the jato United States. The two
h.suo ~, ase 70 tae west. the one-thirtl Is to
1o = east o. tnat river. II in the eastern third
,,.H ~ "m - ~ IN eng ior The present, In the
eSese'' IWe-tn1us II Is Just noE only begin.
'1'Et =, r. VIZ one exception Of belt of Lind
- nh,io IL ~ aac, sSia hnoWn as California, the
.nnic3era.e n,,ntss ss nhtst ssku - qEn 70 the
tagruter ard Sterling Price, have declared
Ia esE resolution OF s1llt doing battle for The
su.o: 'u: AeAas ~ Itself Is as large ~ the
.usAsu .EMEfe and three times as
H'Se III ~ 1ns s& states Of New England |
.a ~ Ngs.ne9- Without counting !;
sA;s ~ s9ese tfantAisststtppi States !
million TWO Hundred thoussno. This popu-
a,len las beer immensely increased by an in. |
a'ElaAcn OF planters from tho Gull States |
ul1nR ine var. On the Information of a I
5a!eIGr lately returned Eom Tcxas WI lesrn |
hat hasby Smith, Magtuder, Price and Buck
er are cete1nined to carry on the war In |
his trensriycrine region. General smith
AS $50, 600 mtn en- his muster rolls. and l..
uts rasions daily fol 5000 efIecttycs. Tbs
srti1'ty Of the county Is we'll kuoFn: i: ,ss ~.
ouIccs are 3nc1haustiblc. There arr M rir.
's In Texas deep enough to loat fnnhaat
ID the NECESSARY Organization Of wagon
rAins would present an insuperable difI;cnitv
: toe a1Sancc Of an army in'o the interiof..
i andc, the whnle of Tr1,s Is NOV IN fhc
~ de- Of the Ccnftderates. In Innis;sna hs
oDl the Mississippi. the Snu.hrTn a-mr Ia
1tonG'y rostcd on the Red river from Alex- /
ssis nave NJ footing but at Liltle Rock.
W. ~ as ~. q @ Mstonr1 tes orcn to the de:cnc-
- oi tne West, and Al any moment tbey
iaS S4or knrougt It and Tavsge
be West H. cnn;: j sratna IN snese States of
!. .rrat lsn "Hla "a.ca, II successful in their re-
',.' lney may CARY the war again INTO
=. 1aseetH States: 1he artnies Of the
nS osM y aase netn !or the most part dis5anded,
W , *. s a. seass aonoanl whether Sheridan,
,f1;as,,, ~ m,ssson 10 TIE West, can BE- spared
a.nae ~ nsmo1r .1a Of men to glyc him any
,nnes.s ~ FaesalunS aeasnst 2 rcsotute au-
,xJrs. ~. e.. n suea country. The war is csr-
~ ,s sha not t,M 1see,M re are RIGHTLY informed,
!" rc.os,laS 20 taa west o1 Tug great river
nfxnn 4 tnrst ~ eontmne H. 50 long as It
=; snt.n.s - VI Maeea IN accortance With
1s,th, ~ r,n ~ ~ en'xea 1n nations, and the
I IL anara. W. ge y tanlu oellEers nts tu spite
nsse1i rrh, 5,a 5oI,asou ana his friend Lord;
nc nen = ~ very mantft Ct that nothing Of the
> :, =. ~ N"sS FLU Slr. SGoQA01. who con.