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The policy of England.

It is no longer doubtful that the policy of England towards the two belligerents in America is one of the most rigid impartiality. That the English people sympathize with the South is no indication of the sympathies of the Government. Governments have no sympathies. The interests of their country, as they understand them, are their only rule of action. It is now easy to perceive in what direction the Government of England believe that its interests lie. It is permitting, and, if necessary, encouraging both nations to make this war as destractive to each other as possible — to urge each to ruin the other beyond the power of redemption. That English influence has promoted the sactional disturbances in it; United States till they culminated in dis is beyond contradiction. Every in tercet of England is involved in that which she has succeeded in accomplishing, and the same interests prompt her to take part with neither side, but to urge and stimulate each as far as possible against the other. We had supposed that she would propitiate the South for its cotton, but the policy looks to the destruction of Southern cotton as compelling the world to depend on the East indi ple Her long-headed statement are no doubt, surveying with great complacency the flattering prospect of universal ruin in America But, it strikes us, they are reckoning without their host. The South has the means of recuperation which will astonish the world. Her desolate cotton will in a few years bloom with new luxurience, and the cotton of India never could and never can compare with that of the South. We shall then see what the selfish and inhuman policy of the English Government has accomplished, and whether French looms, with Southern cotton, will not lead England a dance she little dreams of. Her Government could better follow the generous impulses of her people than sordid and short-sighted calculations.

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