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Mediation in American affairs.

--The London Star of the 19th has the following:

‘ "It was said that Mr. Cobden had proposed the Swiss Confederation as mediator in the American conflict. The following is the truth of the matter: Mr. Cobden, who is merely a private gentleman, has no authority to propose a mediator. Having been consulted on the subject of the disruption of the Union by some of his numerous friends on the other side of the Atlantic, he suggested that they should choose the Swiss Confederation as an arbitrator. This fact was communicated to M. Fomrod, a member of the Federal Council. This is what took place, but nothing was nor could have been done. If the American Government should claim the mediaton of Switzerland, the Confederation would no doubt give the proposal the consideration it merits; but it is not probable that such will be the case."

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