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Cotton, or Revolution in England.

--We publish the following extract from a letter from a house in London, received by a mercantile firm in New York:

‘"London"’ May 1, 1861.

"Messrs.--: We are fully alive to the momentous civil war into which your unhappy country has been precipitated. It there ever was a people whose true mission was peace, it was the inhabitants of the United States.

"The first question with us is self-interest and self-preservation. We must have supplies of cotton or a revolution. There is no blinking the question.

"The Government will be compelled to sink the Exeter Hall policy or submit to a revolution. The manufacturing and commercial interests of this country are based upon cotton supplies. It will compel the Government to cast Exeter Hall, with all its old woman fanaticism, overboard, or to accept the alternative of the greatest revolution England has ever experienced.

"When this vast manufacturing and commercial interest. with its dependant millions, are to be sacrificed on the altar of fanaticism at Exeter Hall, it will have the power and the wealth to tell the Government, in unmistakable language, that it and Exeter Hall together must be forever crushed out by revolution.

"Five millions of people will not consent to starve, in respect to Exeter Hall's mock philanthropy, nor in obedience to Mr. Lincoln's paper blockade. When they are reduced to starvation, or cotton supplies, they will pay no more regard to Lincoln's blockade than they would to a Newfoundland mist.

"With sincere respect, we are
"Your obedient servants."

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