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TOWN T-A. LK. _I BY OUR LONDON CORRESPONDENT. Qw readers wilt understand that we do not hold oursoho&s responsible for our able correspondent's opinions. « WE really have some news from America at last; not stories of battles of those we have had enough and more than enough. The American war has shown that in a fight.. ing capacity the private soldiers yield to no European nations. Nothing has ever been seen like them since the day when Napoleon I. fought banded Europe, and, fighting, retreated back to France to surrender the whole fruits of more than twenty years' war. But the news for Europe, received less coolly than in America, is, that President Lincoln has played his last political card. The other day he an- nounced in precise terms that he was ready to reconstruct the Union by accepting slavery in the Southern States, as an inevitable fact; or if that would not do, to abolish slavery in part or wholly. Other threats having failed, he now pro- claims, in solemn form, slavery abolished No he does nothing of the kind. He strips his pro- clamation of the smallest particle of virtuous principle. He says, These States which do not yield and join the Union before January 1st, in another ninety days shall forfeit their slaves. Those who are good boys, submit, and kiss the rod, shall be permitted to have as many slaves as they can breed or buy.' This, therefore, may or may not be a trump card the results only will prove its value. We shall know soon whether the anti-slavery or the pro- slavery party is the more powerful in the Northern States. The Southerners have long sinceset their lives upon the die, determined to fight it. But a declaration so tardy, so evidently framed as a war weapon, not a philanthropic act-meant to create massacres like Delhi and Cawnpore in the heart of the Southern States-can scarcely be received with admiration here. To the border states, who have hitherto for the most part hung to the Union, President Lincoln says, "hold to us and you shall keep your slaves;" or, in the words of the old Joe Miller:—"Be a good boy, Tommy, and go to school, and when you come home you shall knock the cat about Nevertheless, however the fight turns out, this rebellion, or insurrection, or revolution has checked slavery's extension where it seemed strongest, for with the Union whole and strong, a few years must have seen Mexico and Haiti conquered, with perhaps Jamaica to follow. The papers won't leave Dundreary Cadogan alone. They will insist on knowing what he did to earn a contract for five thousand pounds. I found out the other day that the poor victim Veillard never was a cook, restaurateur, or hotel-keeper at all—at any rate, in London or Paris. He was one of the refugees of 1848, after Louis Napoleon's coup d'etat, and a friend set him up in a baker's shop; from the baker's shop he marched out to conquer a loss at the Exhibition. He had rich partners or backers, whom he purchased with his contract- Mons. Potel, who was himself a.candidate for the purveyorship, and Valentin, a mammoth wine merchant. But these he gained by his firm assurance that he should have the contract. Long before the day of award he offered, I happen to know, to bet a hundred to one that he got the contract. All this looks very fishy. But it is only talked about because the London world wants a subject just at present. There is a dearth of sensations-battles and murders produce no effect. I did not see the great battle between the Pope's Irish friends and the Garibaldians; but there is something very significant in the soldier Guardsmen fighting for the Garibaldians, and the French papers are likely to make much of it. They will put it to that imaginary thousand pounds carried by Professor Partridge—the last man in the world to trouble himself with money-to the wounded hero of Caprera. Our next sight will be the Underground Rail- way, which will open in time for the Christmas Cattle Show at the new great hall in the populous, not very fashionable parish of Islington. Will country folks find time and money to come to town this Christmas, after all the International dissipation ? The Queen still remains in Germany, and appears to be recovering fast her former health and spirits, while the West-end tradesmen are talking loudly of want of trade, consequent upon their being no Court. Those high in office have perhaps little idea how much this interferes with trade. The aristocrats, of course, follow the example of royalty, and there have been no fetes or dinner parties of any consequence all through the season every branch suffers thereby, not only those who trade in consumable matter, but tailors, carriage builders, lace makers, and a variety of other trades. The Exhibition season is already coming rapidly to an end the numbers of people who flock there are getting "small by degrees and beautifully less," but we suppose before the final day arrives we'shall have an influx from the country of those dilatory people who always leave things to the last. The Londoners, however, are not much better than our country friends, for we find plenty now who have never yet been to the great building, and are yet determined to go before it closes Z. Z.

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