Year: 1861

By our files of papers, which we received
from England by the Persia, and from
which we published yesterday highly in
teresting and important extracts, it ap-
pears that the hostility of the English
government and press to the United States
has not at all abated. The tone of the
London journals is not so vituperative,
but they breathe quiet malignity aud
determination which is more dangerous.
On the whole the aspect of the news is by
no means cheering. The one bright spot
is John Brights speech, W hich We publish
to-day. Lord Palmerston made speech
in Parliament, in which he threatens with
prosecution all who send or convey arms
or other articles contraband of war to the
United States, and all inaneiers who dare
to take our loan or have anything to do
with it. According to one report he said
"they will be dealt with by the govern
ment;" and another represents him as
saying "they will be dealt with according
to law" The government and the press
are openly doing their utmost to prevent
the loan being taken. Yet they cannot
succeed; for while spectators get seven
per cent for their money on good security,
they will not be deferred from taking the
loan either by the onslaughts of the jour
nails or by threats of prosecution. The
price of this loan will rise when the gov
ernment puts down the rebellion and
peace is restored. 1t is, therefore, an ex-
cellent investment The republic is rich
and of vast ex tent; its resources are bound
less, and it is able to pay all it borrows.--
1t is country of far greater area and Of
immensely greater wealth than the French
republic after the Revolution, when IL sue
cessfully contended against far more nu-
merous and more formidable enemies than
our government has now to deal with. We
are better able, therefore, to overcome the
resistance, even if it should be aided by
England and other Powers.


If the English government should break
the blockade we have abundant means OF
retaliation. If it goes to extremes, we
can go to extremes also. We will have
control of the cotton and we will not let
England have pound and it is admitted
by her press that if she does not get it her
manufacturing interests will be ruined
We can cut off her entire trade with this
country, and that would be death to her


Her subjects hold FIVE hundred million
dollars worth of our stocks. At one
stroke we could confscate these, unless
the holders come and reside in the coun-
try and take the oath Of ailegiance. As
they would, for the most part, emigrate in
order to save their property, there would
be capital to that amount transferred to
this country for the purpose of establish


ing new manufactures. We could bring
half of Manchester and Lancashire here


and, Notwithstanding the war, business
would flourish, while the manufacturing
and commercial interests of England
would fall into ruin and decay. We could
thus deal heavy retribution for her sci.
fish policy in attempting to sacrifice oul
vast national aud permanent interests Ia
alleviate her own temporary distress
That she has secret interests beyond this
no one can doubt who has read her history


She wants to avenge her defeat in two
wars, to assert her maritime supremacy
throughout the world, and to extend hei
dominion on this continent. Her designs
on Mexico are very apparent. Her only
chance of success in these schemes of ag


grandzement is the permanent division oi
the United States into two or more fac
ltions, which she would play against eacl
other With that subtle diplomacy she
knows so we'll how to WELD, For many
years she has been sowing the seeds, o


discurd in our midst. Bot the slavery
question was the wedge which her agent
10 this country have driven home to SOM
purpose 1t has split us in two, but no
forever, as she may yet learn to her cost
If the tone of the British press be an,
, index of the intentions Of the admins
tration, there can be little doubt that i
means mischief to this country. Tb
London Herald IJuly 29,) Lord Derby
organ, declares that "the blockade is thor
oughly inefficient and coutemptible, au'
that "nota a single prize can be condemned
,, and even if the blockade were efficient tn


American government cannot blockade II
I own ports, according TO the doctrine whic
it successfully asserted in the case Of on
n af its own ships ALNsplet in the late Ital