Year: 1861

The effect of the battle near Manassas Juno tion, fought in obedience to the foolish and fa- natical cry, s.On to Richmond !'' raised by the Republican press of this city-The Tri-

 bune, the Times and the rest, as we'll as by

 the blood-thirsty Jacobins of Congress--is likely to prove most detri ental to the inter-

 est of the United States in Europe, and in the

 same ratio advantageous to the cause of the

 Confederate Stales. In the view of foreign

 nations it will eclipse with dark shadow

 the bright prestige of our arms. It will iniu-

 riously affect our financial condition both here

 and there, and it vii enable the rebels to

 raise at home, and perhaps abroad upon the security of their cotton and tobacco, funds 10 carry on new campaigns, while there can be no doubt that they will be inspired with fresh courage to struggle for their independence

 even after the future defeats which await them. The disaster at Manassas will cost the country one hundred millions of dollars more to achieve the object of the war than would have been necessary had not this terrible blum der been made And instead of short war. after which the nations recuperative energies would speedily regain the lost ground, we will probably have a long and tedious conflict, winch Will exhaust our resources and protract the commercial distress and the stagnation of every kind of business unless what is connect ed with naval and military operations. We

 will now have to recognize the army upon new basis, and prepare for terrible and ex- pensive struggle.

 The knowledge of these facts in England and France cannot fail to do the country vast injury. The British Government will proba- ply go tack to the position it occupied before the fall of Sumter, when the rising of the North brought charge over the spirit of it's dream. Before that time it was almost ready to recognise the independence of the rebellious States It will now assume the same attitude and probable soon seLd out other ships of war to break the blockade, for which we fear it will be only too easily to find an excuse. Iii true the English, as people; sympathise with the Northern States, as do the Canadians: for they are anti-slavery in sentiment but the cot ton lords of Manchester and the majority oP the feudal aristocracy of the whole country the political elements which rule John Ruil- will rejoice at the calamity which has befalIen us for it will facilitate their operation for the double purpose of getting cotton and break ing up the republic of the United States of North America-the great political and com mercial rival of the British Empires The cotton interest of England care little what be- comes of this country, provided it can get inc staple upon which it lives. moves and has it's being. The nobility, in common with all the orders and crowned heads of Eurone look upon our institutions with an evil eye The example of sef-government in nation Of thlrty-two millions, in which there is no caste. and in which the fundamental pripcinal Is "lberty, fraternity, equality" was hitherto a standing menace and reproachto the despot- | ism which holds hundreds of millions in bond. l age. By the failure of this republic the men | ace and reproach are removed and bv the | reduction of the United States from first rate | to second class Power, there would he ona | competitor the less for the supremacy of the | seas. The British aristocracy and all the | potentates of Europe, will, therefore. gloat | over the misfortune which has happened us whatever their diplomatic representatives may say to the contrary.

 Such, then are the sad results of the inAu- ence of a foolish and fanaticaI press, and of the equally foolish and fanatical men whom the people have unfortunately sent to represent them in Congress. overriding the military iudg- ment of General Scott, andSth common sense Of the President, and driving the machine of government to destruction, like railroad train on which are half dozen drunken madmen. with loaded pistols in their hands, who con- spre to force the engineer, at the peril of instant death, to go ahead at full speed. no mater what trains may be meeting or what obstacles may be in the way. Under such CIT cumstances, what could be expected but disaster at home and loss of prestige and DOW er abroad? !? The lesson administered to us is severe one. Let us profit by it befor it is too late.- New York Herald.

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