Mr. Adams to Mr. Seward.
Sir: The profound quiet usually prevailing at this season of the year in London has been a little stirred, in the city at least, by the accounts received from the United States of an impending pacification. On the one hand, something of a panic was created by the fears of a drain of bullion for the payment of the cotton fancied to be almost ready to come forth from the slaveholding States. On the other, the vested interests in the great quantities of the staple already procured at high rates from the rest of the world were imagined to be endangered. The price has declined a penny this week The state of the money market is likewise anomalous, and appears to defeat all calculations.
It is generally hoped that there will be a change in the administration which will lead to the ultimate division of the United States. The public attention has never been more fixed on the course of events there than at this moment. Every idea of interference of any kind is, however, abandoned. The rebels concentrate their efforts in purchasing and fitting out fast vessels to run the blockade, perhaps to serve also as privateers.
I have the honor to be, sir, your obedient servant,
Hon. William H. Seward, &c., &c., &c.