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The Bubble of Intervention.

If we derive no other benefit from the cold shoulder persistently given the Confederacy by European powers, we at least have the satisfaction of being put out of our suspense, and of entitling ourselves to the blessings of those "who expect nothing, for they shall not be disappointed." We are a young nation, unused to the tricks of European diplomacy, and may be pardoned for our juvenile greenness in believing that England, having instigated for many years the dissensions and division of the American Union, and having such large interests in the manufacture of cotton, would hasten to acknowledge our independence, and that France, which cooperates with England in all great enterprises, would not be far behind. Being now happily free from these illusions, we hope never to hear the word "European Intervention," or any other word which implies dependence on any one but ourselves. We have only one favor to ask of England, and that is to abstain from informing us by every mail that she has no idea of intervention. Her journals and public men have a habit of repetition upon this as well as other subjects which does not add to the effect of oratory. We understand very well her purposes and policy, and it will be time enough for her to give us another refusal when we again ask her favor. We are able to achieve our own independence, and to bestow the commercial benefits of it in such wise as suits our own good pleasure.

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