The Daily Dispatch: November 1, 1862., [Electronic resource]

The recognition rumors in New York.

‘ We have reports of a rather startling character concerning British and French intervention, which, whether true or not, are the subject of much conversation to-day. These reports are based upon letters by the Australasian, written by a person who is known to enjoy the confidence of the French Minister of State, to the effect that as soon as Lord Lyons arrives at Washington he will, conjointly with the French Minister, submit to Mr. Seward a proposition for an armistice, and that, in the event of refusal, the rebel Government will be formally recognized.

It is further asserted that the pretext for this step is, that the President's proclamation must necessarily be followed by negro insurrections all through the South, and that to those insurrections the lives and property of English and French subjects must be exposed; that as long as the South is unrecognized, foreign Consuls cannot exercise their official functions on behalf of foreigners requiring protection and advice; and hence, ‘"recognition"’ must be extended, if only as a measure of English and French self protection.

I give you this gossip for what it is worth. Its exact value you are in a position to know as well as your correspondent. It may be true; it may be, on the other hand, only a stock-jabbing story, of an ingenious fiction, consorted by the rebel literary bureaus of London and Paris, for effect here.

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