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Great Britain and the Southern Confederacy.

--The question of the recognition of the Southern Confederacy by foreign powers is one of deep and absorbing interest, and we hesitate in giving currency to any information on the subject that is not well founded, especially since the Northern journals profess to have assurances that there is no probability of such a result. Still, it may not be amiss to publish anything coming direct from the other side of the water, which shows the feeling among the commercial classes there. The following extract of a letter, dated April 5th, from a commission house in Birmingham, England, to a business firm in Columbus, Ga., possesses significance in this point of view:

‘ "The feeling on this side about United States affairs is universally that it is not only better for both North and South to agree on amicable separation, but also that the North must cave — in, (like it or not,) as neither England or France could recognize any partial blockade, which is the utmost the North can attempt. If it is the will of the people to separate, the thing is done, and will be recognized quick enough, especially with the Morrill tariff to spur all indifferent spirits."

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