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the following terms: Her Majesty's Government would in the first place be very forbearing. They would show by their acts how highly they valued the relations of peace and comity with the United States, but they would take care to let the Government which multiplied provocations and sought for quarrels understand that their forbearance sprung from a consciousness of strength, and not from timidity or weakness. Lord Russell reports the substance of a conversation he had with Yancey, Rost, and Mann, the delegates who waited on him to urge the recognition of the Confederates. His answer to these gentlemen was, that England would observe strict neutrality.--Earl Russell said--Her Majesty cannot acknowledge the independence of nine States until the fortune of arms or a more peaceful mode of negotiation shall have more clearly determined the respective positions of the two belligerents. There is a short note, written as late as December 20, which shows that even then the