The New York herald., 1869-03-18
ENGLAND.
The Press on General CRAMPS Inaugural
Spcech-Thc Eject sson 'Change''-Enough
of 1Ir. Joinson-Thc Alabama Question.

The Press General CRAMPS Inaugural
Spcech-Thc Eject son 'Change's-Enough
of Dlr. Johnson--Thc Alabama Question.
LONDON March 9, 1860.
The great themes OF conversation to-day in circles
financial political and commercial are the inaugu-
raj OF President Grant ana tie Cabinet Of the new
administration lt Is no exaggerasion to say that
the compact, sensible and comprehensive address
with winch the soldier President commences his
term OF civil oice has elevated the character OF the
American nation In the estimation OF tho people OF
Europe. The leading journals are warm in their
commcndation OF tho model political paper. The
Paris Constitutional Of last evening praises Its
straightforward, firm and enlightened sprit,r ana
the London Zines OF this morning. although char
acteristlcally snobblsh In Its comments, sees
''hopes OF beneficial and honorable careerr
for General Grant, and believes that if his
advantages are well used his term OF oiice may be
the beginning Of new period OF prosperity, sur
passing even that which came to an end eight years
ago amid tho names or civil war; The style OF the
document the Times thoroughly approves, regarding
It mot In the nature OF q MESSAGE but "like
rather homely and familiar royal speech.n The
British organ may be excused for confoundng the
American Presidents inaugural with message to
Congress- but not for the blunder OF supposng that
royal speech could ever be SO outspokcn. emphatic
and independent as General Grants address to the
citizens OF the United States. The heartiest endorse
ment comes, however, from the people, sand they
evidently sympathize with chief magistrate who
can be truly American without bombast and bun
combe, and who Is SO evidently In accord with tho
masses without o ttliye OF demagogtsm.
The capitalists who have invested their money In
American securities are Of course In hgfffeather
the passage Of schencks bill and the position
taken by Grant In regard 10 the payment OF the
United States bonds In gold. While Schenck's bill
has failed Tor the lack Of Andrew Johnson's sigma
ture aud by the expiration OF the late Congress- they
regard it as certain that similar law will be
speedily enacted now that the new President has
expressed his sentmentsin such emphatic language.
IL Is rather difficult 10 persuade any OF them that
future Congress may undo what the present one may
do, and that powerful party may arise willing to
pay the debt OF the United states TO the last dollar
bui regarding II "a simple justice to the debtor that
IL should be paid In The currency which it was In
Cured. Under the influence Of these favorable
symptoms however. there has been to-day an active
demand Tor American securities at al increased
quotation.
here ~, who VIII be the United States Minister 10
tue Court OF ST. Jamesy Englishmea are tired OF
highly respectable representative, keverly Johnson.
lie has dincd and talked himself out aud is scarcely
regarded nov a. reliable exponent Of American
sentiinent HIS post I've assurances Of the unbounded
admiration entertained by the Americans for every
thing British and Of the facility with which all sup
posed difficulties about tue Alabama claims any
otber vexed question could be settled we're very
gratifying and agreeable, but now that the Reverdy
bubble has burst It Is difficult task for lhe
arniable Marylander TO enact the task OF
Mr.. Toots and TO persuade the English pub
Tic that irs all right Besldes there Is
sharp, decisive paragraph in Grants royal speecn
nilcani fact that the Tsaes altogether Ignores the
evident alusion OF the President TO the Alabama
claims while other London journals strain point
so construe II into an abandonment of all idea of
holding Great Britain 70 n strict accountability for
the crimcs Of commission app OF omission during the
American troubles. The truth "a, the statesmen here
fecl themselves TO be In very awkward position In
relation 10 the Alabama matter, II Is called, and
hence their anxiety 10 learn more OF Grants inten-
tions through the character or the repre-
sentative he may send 10 the British Court.
They have already confessed jsdgment M
TO any direct damages that nay have been done TO
the commerce and shipping OF the United states By
the piratca vessels sent out from BRUSH pors BY
admitting rernissDess of duty On the part of the an
thoritics. The question now is. win the new admin.
istrailon Insist upon y settlement OF the more im.
portant point 10 the right OF England by a
recognition VI the rebee AZ bolgcrents, to destroy
our commerce Indirectly rs wen as directly. and To
give years additional life to the rebcli0nS Before
this letter rs published we shall know who II to sue
coed the sociable aud nrbane Minister Johnson hut
at present our British cousins fen au unoasnoss to
| soy the least, upon the subject.