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es that pause between the conception and acting of a dreadful thing when we are told "the genius and the mortal instrument" are at war. He thinks it for the interest of England that the belligerents should fight until they utterly destroy each other, and he fears that desirable consummation cannot be obtained if an end be put to the strife by the armed intervention of England. For a similar reason he cannot be expected to grieve very much at the destruction of Yankee commerce by Semmes and Maffitt, for he knows that it secures the entire carrying trade to England, and banishes the "gridiron" from every sea, unless when it floats from the mast of a ship-of-war. But for this latter consideration, beyond a doubt, he would long ago have found some law for seizing the rams. We are told by the Exeter Hall press that privateering was abolished by the treaty of Paris. Now, as we stated on Saturday, the United States were not only not parties to that treaty, but Lord Russell himself ha