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Hereafter our long-settled policy may work in our favor. But if we adopt British precedents, the capture of the Ministers would find ample justification. In 1779, Henry Laurens, President of Congress, was sent as Minister to Holland and, on his passage, in a Congress packet, (not a neutral bottom,) he was taken prisoner by a British frigate, and was confined in the Tower of London. His papers showed the nature of his mission, exhibited a friendly disposition towards us on the part of Holland, and produced a rupture between England and that power. It is supposed that the papers of Messrs. Slidell and Mason may exhibit facts showing that their mission was not unexpected, and would be received with favor. If that prove to be so, preparations for the defence of New York and other Atlantic cities may not be premature. Federal prisoners in the South--their condition and treatment — interesting letters. The Philadelphia papers contain numerous extracts from letters receive