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An Englishman's views of the American war,Mr. Russell's letter to the London Times. Mr. Russell's last letter, published in the London Times August 20th,bears date at Washington, August 5th. The subjoined extracts embrace the principal portions of it: Secession policy. "Let us only hold on till October, and we are safe." That, or something like it, was said to me over and over again in the South by men why play no inconsiderable part in the mystery drama of the Confederates. And when I asked one of these gentlemen, more than two months ago, what chance there was of the North giving the South all that time, I was answered almost in these words: "We are bound to go to the assistance of Virginia. The whole of the Northern frontier abounds in good position, which can be fed by the rail from the South. The Abolitionists will come and give us battle. We are certain to whip them if they attack us, and the North will then learn it can't at once overrun us as it fancied. The