The New York herald., 1865-01-08

securities and gold also steady The atter closed at
fve NJ at 226A.
Saturday was a day OF almost unprecedented dulncss
In a departments Of trade There no disposition TO
buy and little pressure TO sell Nearly all kinds of
chandse were entirely nominal On Change the -four
market duh and heavy, closing with downward
tendency Wheat inactive and lower, though with
out quotablo change. Corn quiet and nrm while
were dull and 1c. &c lower, Tho pork market
opened heavy, but closed firm and active Beef steady
while lard a shade easier, with a limited demand
Whiskey rather armer Freshts dull and heavy
The Southern Confedcraey and European
Intervention.
Once more the rebels make their pitiful ap-
peals to Europe. -Four years ago, at the COM
mencement Of the war, the rebels did not rely
upon their own strength for the achievement Of
their independence Every man Of any intelli-
gence in the Southern States, however be might
hluster, saw at glance that the military power
Of The North wsEsO dAr superior to that Of the
South, that IL the war should continne until the
strength of each section was fully brought ont,
tho South must inevitably go down. Bat their
expectation was thss the war would be cut
short before tho fun development Of our
strength should be made, and they expected
that 1t would be cut short by the interference
Of one or more Of the great European Powers.
Foreign interference was their grand reliance.
It was the right bower, the left bower and
the ace Of their little Southern game. Southern
politicians promised European interference to
one another and to the people with the utmost
confidence, and promised even that 1t should
come as soon as Southern men had shown, by
the organization Of a new government and by
one or two battles, that they were in earnest in
the attempt. Southern men believed in foreign
interference the more, because they believed
that they were able to force It They
believed in cotton. They thought that in that
staple they had lever that could move the
world they thought they could cause such
chaos in the mercantile system of the great ma
tions that any political result would be ac-
corded rather than that cotton should be scarce.
But whatever the power of cotton may have
been, they lost it. They did not know how to
use the influence that they relied upon most,
and they thereby forfeited the advantages they
might have derived from 1t.
Cotton clearly failed, but still the Southern
leaders did not give up their grand hope-they
adhered tenaciously still to the thought that
Europe could be brought to interfere in their
favor. If cotton would not do it, the old ma
tional hatred and commercial jealousy might,
and so no pains were spared to excite England
against this country. Great efforts were also
made to compromise England in the quarrel, by
privateers, &c., for out Of such a compromise,
and out of the bitterness Of national eontro-
versy, war might arise between England
and the United States, and in that war
the South of course saw the very oppor-
tunity it desired. Hence, also, all the at
tempts on the Canada border, arranged with
this very same view. Through all the money
and labor spent to bring England up TO the
proper point in this way the South had but one
success That success was before that part Of
the English people called "intelligent''-
who have no thorough knowledge on any sub
ject at all. and who are entirely swsyed by the
most ignorant prejudices. This class worships
can't And the cant about "chlyalrOus South
erners," "people fighting for freedom" and
80 on, commended the South and ib cause.
They consequently took up that cause, and
hurrahed tremendously over it But the Eng
lish government left that cause alone, and the
South was snubbed wherever it made its appeal.
Even the Pope had the opportunity to give it
the cold shoulder. European governments
could not afford to say to their people: Here
is people that have risen against their consti-
tuted authorities-they are rebels, and we will
recognize them, put them on their feet, and
they shall be free nation henceforth. 1t
would be dangerous precedent just now.
Having failed in oil those attempts TO bring
Europe into the quarrel, the South nowsmakes
another. II will agree TO abolish slavery and
to be the colony of any Power that viii save it
from the United States. In other words, the
South says to Europe-You would not interfere
when was powerful, and when your interfer-
ence would have given you rich ally and q
great triumph over q powerful rival; but /
hope you will interfere now that / am
at my last gasp, and now that your
interference will give you nothing but q
powerful enemy and the satisfaction Of having
finally ended the system of slavery. This Is q
sentimental appeal to the generosity Of the
European nations. That is, it is an appeal to
something that does not exist. That such an
appeal should be made is the best possible evil
dence of the imbecility Of the Southern leaders.
viii any European Power interfere in American
affairs now that Spain has ministerial crisis
over that beggarly little war with the Domini-
cans, and that the Emperor Of France Is with
drawing from Mexico, compelled to leave Maxi
milan to the tender mercies Of hostile people.
Will Great Britain fight the United States for
the sake Of getting another American colony
when she is doing all she can to get rid Of
Canadas But even II Europe were disposed to
take up the case at this hopeless stage, there Is
no one so shallow as not to see that this Is o
mere ruse-that IL is simply dodge Of JEFF.