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binet letters, has been very good joke and we may so consider 1t now there IS no danger of it's becoming sober earnest. II 1t had come 10 hard blows, both the parties might have been like Dandie Dinmont--- sgotten mair cIouts on the pow than they wad weel hae likt, and lost mair siller than t.hey-eeuld weel sparen--so that. all being considered, we may as well thank heaven that 1t is ns worse.

 Europe seems in general to be peaceful l iy inclined. The weak have learned that whichever wins, they are sure to lose in the war--and the strong have found, each that his neighbor is strong enough. The as- peet of things is not so warlke on that con- tinent by half as it was a year ago. All the monarchs have turned jugglers, and are only occupied in keeping the balance-of power. England, France, Austria, and Prussia, watch the increasing power of Russia with jealous eyes--and support the Ottoman against the Czar. The king doms of Sweden and Denmark are cyphers in political enumeration just now. En- gland, while she feels keenly the necessity of keeping strict watch upon Russia-in order to preserve her influence in the af- fairs of Europe and her vast Asiatic pos- sessions-is distracted and disturbed at home. The Liberals in England are cla- lnorous for change, retrenchment, and re- form. The voice of Ireland is loudly de- manding her rights. Ministry after minis try is dissoved-and since the influence of the Duke Of # " " ellington has again become paramount, Moore's fable of King Crack and his idols would very well apply to King William and his Cabinet. England, on the whole, has much to lose, and nothing to gain, by war. France Is self-occupied. The reign of Louis Philippe has been heightened longer than any reasonable man anticipated. France Is fated to see another revolution soon, and they are making ready for 1t. She is destined to work great chan- ges in Europe yet. Russia Is biding her time. Fear of England, France and Aus tria keeps the Autoerat from annexing Flu ropean Turkey to his dominions. 4 war in the south of Europe would bring him down like lion. Austria IS waiting war. So is Prussia. Neither has a desire to eonmence. The monarehs of those two countries only desire to extend their dom- nions, which they can do when others are at war. Spain and Portugal are just as priestridden as ever. The former is still the theatre of sanguinary conflict. Italy IS fqaiet-so is Switzerland and Germany. Holland and Belgium have given up fight ing-and in word, all the great nations of Europe are reducing their military estab- lishments.

 As to America, the South American Re- ipublfcs are about as well ordered and as ] free as they will ever be. So Is Mexico. Those people are not fiji to be free. Look at the latter nation. They first clapped Iturbide on the throne--and then they depo- sed and beheaded him-and lastly they made a martyr of him. They formed constitution onsthe model of ours-and yet their Presidents have had but troublous time of it. Guerrero, brave and good man, was put out of the way--and Busta- mente, Victoria, and Pedraza were treated with nearly as little ceremony. At length Santa Ana, a General under the Govern ment, raises an army, marches against the l Constitutional Government, tumbles it to pieces, and makes himself President. For while he combats and puts down the priests, but at length leagues with them and he will of a certainty become perpetual Dictator of Mexico, or some such matter. It will be the best thing that can be done for that people. They are not capable of existing as a republic-and 1t may well be dorbted whether there is nation on earth which can so exist, except this to which we belong. It Is perhaps doubtful with regard ] even to ne Car or ,,af ,,,a oYa ,,ror, ,r;oI