London, July 18, 1862
You can have very little notion of the effect the Richmond news is having here. It has set all the elements of hostility to us in agitation, and they are working to carry the House of Commons off their feet in its debate tonight. To that end a story has been manufactured of an alleged capitulation of General McClellan on the third coming out by the Glasgow that sailed on the fifth, in the face of a later telegram dated the seventh, which reported his address to his army pledging himself to continue the war. Yet the people here are fully ready to credit anything that is not favorable. I have no doubt that the matter is bad enough, but it is not quite to that extent. Yet the consequences are likely to be as unfavorable as if it was….
