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Below we give a summary of the latest European news contained in the London correspondence of the Philadelphia Inquirer. There is an enjoyable pique in this Yankee letter which makes it more readable than the dry collated news of the European journals. His indignation over the Alexandra case is very pleasant: The Alexandra decision. Undoubtedly the most important occurrence this week has been the delivery of the decision of the House of Lords in the Alexandra case. Its importance, however, does not lie in any effect it may have upon the relations of this country with the United States, for those relations are in no way affected by it. So far as we are concerned, this Government has done everything in its power to bring the case to a proper issue, and we can have no ground of complaint against them. Besides, our object, and our only one, was attained long ago. The Alexandra, a vessel building for the Confederates, was laid under an embargo, and has been effectually p