The New York herald., 1865-02-20

ment has not been paid The money is to be paid IN
four instalments, ending in May The debeniures
to be paid OF In three years Poor vgnas bonds at
seventy per cent discount with four years interest s20
now due them The annual crop Of nggers has failed
under the sickle Of war and the ruckahocs can't pay
Very considerable excitement produced at Loyd's
and Change this week by the decision respecting the
Peterhon. The underwriters denied liability, the
ground that the vessel unlawful voyage the
proof being that she captured by United States
cruiser and condemned by the New York prize court.
But the same testimony laid before the court here
that was given there, and the judge decided that il
was quite insufficient 70 prove the voyage unlawful.
The Pcterhon was bound 70 Natamoros, and that
being foreign neutral port proof rsquir 10 esab
lsh tho fact thas hor destination simulated The
Judge directly intimated that the New York court
demned her suspicion. The Of The Spring
box s much stronger than that Of the Petsrho for the
British owners as Nassau IL much further from the
American coast frontier than the port Of Matamoros
Let the American juriss bear in mind thar the
decided in this points Of international law will
quoted as precedcnts future occasions when very
likely the tables win be turned, and American shippers
win be sending goods neutral ports somewhere
less contiguous 70 parties that u war; II the pn
ciple is established that warlike goods munitions &C
cannot be sent between asutral ports when there
anywhere except with liability 70 capture and
demnation mere suspicion, then commerce may be
parayzed and nations kept fever heat whom any
Powers are at loggerheads. m R.i z l9l fN
e asked yesterday an eminent Engiishman II he con-
sidered reunion Of the States Of America improbable
ION the contrary said he II consider IT the only posi-
BILE termination 70 she connictn quote this as the
great mass Of Engshmen believe affect TO believe the
future union Of the States impossible. nsr Il .ssEH
Our snow is gone the mercury in the thermometer up
TO 46 degrees yesterday 4S degrecs and everybody In
good humor-always excepting blockade runners and
holders Of rebel bonds BY the way, the pros
pect OF that new rebel loan looks remarkably cold
notwithstanding the mdness Of the season. Would you
believe IT, there good many unatcs here who be-
eye that after the is over provided the rebellion Is
subdued, 'the North''-as they call your government-
will actually recognize and pay the rebel bonds I
I rather like that. There is something remarkably
refreshing in the idea If highwayman meets you at
the charming hour Of Midnight draws his whittier and
tries TO cut your throat he get your watch and
purse, and you knock him down. he puts in plea after
wards that you pay him for his bowie knife that was
broken by the scufne. Do you the point Sharp
blades these British sccesh They are. tr 4e.a
wen Our Paris Correspondence. f1
PARr, Feb 8, 1855
Tho Erect Qf Union Success-H History Of the NeD Rebel
Ram-7ns American Embassy IN Paris-Baus-
ting Match Detsoscn american Horses-New Work BY Ae
Empror-Prceced Marriage Of La PuHi &C. eH
Tho fall Of Fort Fisher and the various military and
political events accompanying and following IL are hay
Ing very positive effect here upon public opinion
suspect that the government itself has fully arrived at
the conclusion that the bottom about ready to fall out
Of the Southern confederacy and that It's claims recog
milton and assistance, even with the promised bribe OF
the abolition Of slavery will receive 20 response
As for the southerners hcre they rapidly cavng in
and have heard Of one two, OF whom from their
conversation and bearing during the past year or two
would have suspected the fact who declare
that they have always been in fear Of the
ment Of the Union, II s 4,....-.-s .-.sst,
The statement which made in my last letter relative
to the departure Of the rebel fully confirmed
She sailed from the Isle Of Houat, which 10 between
Belle Isle and Quberon, the coast Of Brittany on
Saturday last after having been furnished with coal by
French steamer and with number Of cannon and q
quatiy OF powder and other munitions Of war; a well
rs crew. by an accommodating English steamer I'm
mediately after this she hauled down the Danish nas
which up to that time she had carried hoisted the rebel
flag and got to sea- Her object sad force the
blockade Of Charleston. M
The history OF this addition TO the rebel navy Il ~ fol-
lowsShe b ONE Of the four vessels constructed by
with the others, commenced about year ago Tho
plans copies Of contract and all the necessary papers
having by singular chance fallen the hands Of
Mr. Dayton, the French government, upon tho proper
representation being made by our late minister,
withdrew the permission which had been given
TO arm these vessels, and which given
under the pretext that they intended for
trading purposes in the Chinese rivers and along the
Of China and Japan. Subs quently being POSI-
lively ascerned that they built and intended for
the rebels the French government assured Mr. Dayton
that they should not leave port until the
fully satisfied that they had boen bona de sold
some foreign Power. Arman then seeing that great
obstacles would be thrown in the way Of placing thsm
the hands Of the parties for whom they had been con-
tracted tho French authorities seeming be carnes,
In their determination prevent them from being given
up to the rebels set about erecting their sale Two
them sold to the Prussan government and TO
the Peruvian About three months since this one, the
onde having been sold condtioaay 70 the Danes they
sent naval constructor Nantes where she was TO re-
port upon her His report unfavorahle he stating
that she did not 10 the that
been made Of her by Armsn. The latter however.
determined 10 send her to Copenhagen, thinking that
once there he could make some arrangement with
the Danish government for her sale, or that as the
sequel shows he could dispose OF her easily 70 the
market for which she was originally intended She went
10 Copenhagen under the charge as NJ Arman's agent
OF NJ de Ia Mvcre, who had acted tho business man
between Arman aud sldell and the other rebel agent
here In the original contract Arrived Copenhagen
the government confirmed the report Of Its AGENT and
refused to pay the sum originally specified on ground
that she was not so fast shc had bcen stated To be-
and that she drew water than had been set down
as her draught Nevertheless the Danish government
made some propositions to NJ Arman, proposing pur-
chase her at less price than had been originally agreed
upon. Arman, for reasons apparent however, re-
fused any compromise departure from the original