, 1865-01-20
The New.

The News.
The most important item in the dispatches
this week is the rumor in regard to the pro-
posed recognition of the Southern Confeder-
scy by France and England, on the 4th of
March next. Although this rumor is not
in keeping with the oft-repeated declarations
Of neutrality by those two countries, it is not
at all improbable that his French Highness,
Louis Napoleon, would look with favor upon
the measure, for the strength of his footing
in Mexico depends measurably upon the
success of the Confederacy. He cannot but
foresee that, upon a settlement of the
American difficulties upon the basis of the
Union, that the next step of the Yankees
will be to drum him off from his newly ac-
CURED possessions on our continent, and to
give him credit with even having only half
an eye to business, the presumption that his
promises of " non-interference" mean that
he will not interfere until self fpreservaton
dictates the necessity ofit, would not do him
injustice The present Strengthened condi-
ton of the Confederacy, its seeming almost
conquered condition and the intestine feuds
which appear to be growing stronger and
likely to involve the people of the South in
war amongst themselves, would indicate
that the time for action had arrived. And
our " beef eating neighbors, across the wa
ter"-are they 50 entirely unselfsh as not
to lend willing ear to the mad appeals of
JEFF Davis and his coadjutors for succor p
to their repeated assurances that they would
rather become part and parcel of Her Brit
anic Majesty's dominions than again re-enter
the Union With Canada upon the North
and the Confederate States upon the South,
they would imagine themselves in the pos
session of fine trap for eventually catch
ing the country between. All these things
have been presented for their consideration,
and it remains to be seen whether their mag
nanimity or their fears will prevent them
from finding pretext for Intervention. So
far as JEFF Davis is individually concerned,
there is but little doubt that he is beginning
to despair of ever establishing his Confed-
eracy, and that be is in earnest in his offers
"a traitor doubly damned; but the tone of
portion of the rebel press indicates that
there is large party in the South who pre-
fer return to the Union and who will see
him decapitated before they will permit him
to sell them to a foreign power.
Sherman appears to be making ready for
an advance upon Charleston, and quite pan
ic seems to prevail among the people in an
ticipation of the event. Lee, it is reported,
contemplates placing Beauregard in com
mand at Richmond and marching out him
self to check Sherman's progress.
The attack upon Wilmington appears to
have been failure, the responsibility of
which Gen Butler, in making a report of it,
seeks to throw entirely upon the shoulders of
Admiral Porter The rebels acknowledge
that the shelling from Porter's fleet was the
heaviest that has fallen upon them during
the war. Porter's account Will no doubt
place the responsibility of the failure upon
Buffers shoulders, where it most likely
properly belongs Time will prove to the
satisfaction of all, what is now apparent to
many, that Butler is a willy politician but no
general where there is fighting to be done.
The pursuit of Hood has been abandoned.
His loss in men amounts to about half his
army.
1t is supposed that the rebel Congress, in
secret session, has authorized the arming
and equipping of an army of fifty thousand
slaves to fight for the confederacy.
There are more rumOrs of peace PROPOSE
tions from Georgia and North Carolina.
The tone of some of the rebel papers in
dicatc growing " disloyalty" among the
people of the jeff Davis Governornment-
the papers being bold and Outspoken in con-
dennation of some of the policies of their
President This is some indication that the
people of the South are returning to reason.
The Juarez Government has issued letters
ofmarque and reprisal to American ships for
preying upon the French commerce. If his
French Highness thinks at all of interven-
tion and is only awaiting a pretext for so
doing, he will probably soon find one grow
ing out of this privateer system-for inter
vention in this case simply means war.
BOGUS DUsT.-We were shown this week
some two ounces of the new Payette coun-
1,old duet ubiob o.aokian,an bad n