Year: 1861

energies would speedily regain the lost ground, we will probably have long and tedious conflict, which will exhaust our re- sources and protect the commercial distress and the Stagnation of every kind of busi- ness, unless what is connected with the naval and military operations. We will have to reorganize the army on new ba- SIS, and prepare for a terrible and eXpen- slve struggle.

 The knowledge of these facts in England and France cannot fail to do the country vast injury. The British government will probably go back to the position it occupl- ed before the the fall of Sumpter, when the rising of the North brought 9 change over the spirit of its dream. Before that time It was almost ready to recognise the lnde- pendence of the rebellious States. It will now assume the same attitude, and probably soon send out other ships sof-war to break the blockade, for which we fear 1t will be only too easily to find an excuse. It IS true the English, as a people sympathise with the northern States, as do the Cana dians; for they are anti-slavery in senti- ment; but the cotton lords of Manchester and the majority of the feudal aristocracy of the whole countrywide political ele ments which rule John Bull-will rejoice at the calamity which has befallen us; for it will facilitate their operation for the double purpose of getting cotton and break ing the republic of the United States of North America-the great political and commercial river of the British Empires. The cotton interest of England care little what becomes of this country, provided it can get the staple upon which it lives, moves and has it's being. The nobility, in common with all the priviliged orders and crowned heads of Europe, look upon our institutions with an evil eye. The ex- ample of self-government in nation of thirty-two millions, in which there is no caste, and in which the fundamental prin- ciple is ''liberty, fraternity, equality" was hitherto standing menance and reproach to the despotism which holds hundreds of millions in bondage. By the failure of this republic the menace and reproach are re- moved, ,and by the reduction of the United States from a first rate to second class Power, there would be one competition the less for he supremacy of the seas. The British aristocracy and all the potentates of Europe will therefore, gloat over the misfortune which has happened us what ever their diplomatic representatives may say to the contrary.

 Such then are the sad results of the infu- ence of foolish and hnatical press, and of the equally foolish and fanatical men whom the people have unfortunately sentto rep resent them in Congress, overriding the military judgement of General Scott, and the common sense of the President and driving the machine of government to des- truction, like railroad train on which are half dozen drunken madmen, with loaded pistols in their hands, who conspire to force the engineer, at the peril of instant death, to go ahead at full speed, no matter what trains may be meeting or what obstacles may be in the way. Under such circum- tances, what could be expected but dis aster at home and loss of prestige and power abroad? The lesson administered to us is severe one. Let us profit by 1t be- fore 1t is too late -New York Herald.