Year: 1861

From the New York Herald of the 18th inst


From all quarters have received intelligence OF the
sensation and excitement produced Mr. Stewards circular
letter to the of loyal States the seabosd
teegraphed simultaneously the loyal press If the
North On its appearance here yesterday Wall street
thrown into terrible commotion Federal stocks went
down and half TO three per cent? bears in
high glee and the bulls uttered Deep if not loud,
against the author 1t was urged in commendation of the
policy of the letter. first that there necessity for
the Notifications recommended and secondly if there
was, that the best to accomplish the object by
means OF private letters to the Governors which would rot
create alarm.


What weight there is in these objections shall shortly
see. Meann let inquire how is that this letter has
produced such remaI kable effects because the public
mind was in feverh state susceptible of excitement The
that the steamer Nashville has effected her escape through
the blockadng feet at Charleston, and her way
EUROPE having on board sde as Minister to
France and Ex-senator Mason, Minister England from
the Confederate Governmentwo willy dipomatists well
adapted for the mission which they have been. sent


The moral effect indeed, of rebel vessel of convey
ing these plenipotenaries to Europe in the teeth of
blockadng squadron, will necessarily be very great
nlshng 1t powerful evidence to demonstrate the n
efficiency and consequent invadty of the blockade. To
enhance that effort she probably the bearer of the
of the defeat of the Federal squadron in the Mssisspp
the action took place Friday. The Nashville sailed the
night and could have had the by telegraph But
in order assurance douby sure and the ne
gence might be transmitted at the time by the regular
mails to Europe as to reach there about the time
as the Nashville the military authorities at Norfolk made
for sending flag of Fortress Monroe
in order to have local paper containing the dispatch OF
Capt HOns forwarded to Baltimore, whence it found its
way to New York.


1t worthy of remark that on the occasion of the Fed
era victory at hcamacomico the Norfolk rebels searched
all passengers and would not permit newspaper to
North But whether founded in truth not the report
the nava engagement at New Orleans has produced TEN
porary effect here and likely to do the in Europe
Connected in the public mind with this is the an
nouncement that just before the sailing of the Nashville
communication with Jefferson Davis. One of these gentle
denies the CHARGE but admits that he carried open let
ters, which only serves to strengthen the first impression
| re gard to his visit to the rebel capitol.


The recent declarations OF British journals and Ell
two coroborate this view of the mission
Sir James Ferguson. And in the news by the Glasgow
which published yesterday it stated that Mr.. Lind
say, M P at public meeting in Sunderland, said that
consequence of the impOssibity OF procuring present
supply of cotton elsewhere than in the Southern States "h
cnsidered the duty OF the British Cabinet to eRdeaVor
induce the Federal Government the of Humanity
to the blockade Considering the bold stand made
by the Conederates and the strength of the South, be
thought almost time that the Governments of England
and France thought of recognizing the Independence Of SC
numerous body Of people,"


1t is in consequence OF these facts and the warke pre-
paratoDs of England in sending large naval force
seaboald continual to Canada at the
same time that have yet done little nothing
redeem the defeat of Manassa but on the contrary
have suffered further eyeres in Missouri that the nubc
mind became affected and just q condition to be ex
cited by the letter of Mr. Seward it is under these crcnm
stances that Mr. Seward calls upon the Governors of the
loyal States to take measures to Ory the Northern from
| tler and every vulnerable point coast.


Now, we Think this sound advice and that the State
Governments cannot set about soon. Ii
the language CT Mr. Seward One of the obvious
cautions that ports and harbors should be put
CoHipote natl0n may De SalC
10 voluntarily danger in empeatuous when il
fails to show that it has sheltered itself every side from
which the storm might possibly come


Now matters not whether the advice is given in public
private The only question is is it wise?
upon Stocks that is only temporary The effect of carry
ing cut Mr. Seward idea will be permanent and when il
is accomplished it will give confidence and of
rity it is precisely the advice which long since gave
and for which called alarmiS But events
Justify oferight; and when like Bulwer talk
paceny Of the division of the Union into Nortl
ana scum as fortunate event for England and for Europe
high time for US to look deences and prepare
any emergency Let every fort be put war footing
and let the works be manned by the local militia. The bet
ter prepared, the less likely will be the powers
Europe 10 attack and it will be far easier for settle
our quarrel with the South But # continue to leave
frontiers seapots exposed in the face of their i'm
mense naval preparations ly darger and invite
| its appe arance.