The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-06


Tho following extraordinary advertisement appears In
shs London TslsgrapA:-
THE CONFEDERATE COTTON LOAN.
me following extracts from important decision
q Vice Chancellor Sir W. p. wood:-
According to the recognized law Of oil the
were Ss clear pon ns mt sn sua d e.,
dspacng government succeeds to all the rights OF the
s(aco government; but the United States government
could only take the cotton because II had been the
uce Of funds raised by the de fdto Confederate govern
ment not by robbery violence but by the ordinary
Of taxation and because theythe United States
govsrnment-werc the dc cto government of those
G1ates In which the funds had been raised.
Speaking OF the Confederate government, Vice Chan
collor Wood observes:"Tbat government was actual
and de dco government, exercising authority and
such receiving submission The courts OF every country
recognized de Jdcto government and they could not
allow the rights and contracts acquired by their sub
Jects with existing government to be disrcgarded The
displacng succeeded to the property Of tho
displaced government In the state In which 1t found,
and subject TO all agreements affectngit"
As snqgsaonees daet.on from ~ M Decision acc Is,
~ ~ Ctsderate Cton Loan IL must ooW those States
sOkA soe1e lately cederated 10 ssl their engagements ia
reep'a @M ssss}ss ss}sss - 49, :. '.e.
American ssntiment Towards England.
frrom tho London Times, August rs
contained description Of American feeling towards
England which IL may be useful 70 consider with more
than casual attention. especially as the representation
made from American point Of view, and with a
purpose Of establishing s reasonable character and at
least partial truth The importance Of the case, thus
pponod for contemplation, is certainly beyond ques
scn We are assured that sentiments Of biterness and
irritation towards Us pervade all classes OF society
IN America, including even the most thoughtful
and moderate Of the higher ranks, and that
shs spirit Of hostility may be regarded, indeed as
euch alienation or III blood will occasionally disturb
The relations between the most right minded states IL
and temperate organ American opinion as famliarz-
Ing the people with "tne thought Of war with England
and We are given 70 understand that the government OF
Washington Is subjected 70 pressure from without In
the same direction which, II not prudently resisted,
would quickly "preciptatc collision" All this points
diaiity through jealousy or rivalry Such stat u
sptnsm among civised edcatd and inisuigsm people
. The allegations by which il is justified. ' '''' -
u will be satisfaction 10 Englishmen 10 hear that
= eonta grievance q JSrdsd on ne ccndrc q Eng
upon this point they confess their inability produce
ssy ground Of oomplaipt They make the acknowledg.
are willing senernIiy 70 admit Mai our promised ns,
vcjy preserved 10 tie end and that no act Of wfu
Hntish government Their own experience has taught
chem how impossible y Ia for government 10 succeed
s.ways IN controlling ne adventures % q private citizens
single grievance IN this is purely sentimental one
Ghey sy that we gave them no sympathy; that ouI
Sruegle and that tho "conduct and expressions Of
- ssiocrac and wealthy classes Of society socf
- 70 produce the irritation now existing We might say
eeihing upon these assertions, but s unnecessary
6Ssa because u Is presently acknowlcdged that IN poin
AN Il Is Of earlier growth and longer standing. Il
Oovaed before the began was dreamt Of and the
Incidents Of that memorable struggle did thar
snt1nsIfy or quicken disposition already notorious
HOr thc truth Of the matter therefore, we must 90 bach
little fsrher and consult American history Of twenty
years snoe for the which held justify
Americas In entertaining the idea Of bloody and Gala
}uitsus war with the country from which they spSng
kncse rcasonA are frankly exposed 10 us
moddly sensitive 20 the opinion Of foreigners, and es
psolalIy Of EnRlishmen They vince under critcism
ana pike for sympathy and encouragement They have
had NEITHER but have the contrary been necessarily
suhected rdcuie and sarcasm Tourists have crossed
Ne AtanN only 70 laugh at them and have actually i'm
Bngllshnsn have been the grcatest sinners We have
held American manners up TO public derision, have
&aed without ord Of praise the services rendered By
AmeroaAs 70 th&yorld and have thus provoked vel
osesSyS6 nnie9y n cur unn5aciQps and ipconsdeTAts