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The Federal blockade.

That this blockade is the merest humbug in the world, becomes, every day, more and more apparent. The Yankee journals themselves confess as much, and abuse the Yankee Secretary of the Navy without stint for neglect of duty. The New York Herald, of the 14th has the following interesting revelation upon this subject:

‘ "Of the inefficiency of the blockade, we have ample testimony. A letter from Havana, dated August 2d says that a vessel arrived there that day from Savannah, with a cargo of rice, and numerous instances of the kind have occurred. The very fact of so many privateers being at large demonstrates the failure of the Navy Department to protect our shipping by the means at its disposal. The whole coast of Florida is entirely free from the surfaced once of the blockading squadron, and vessels pass free on and out of the St. Johns river, landing to Jacksonville and Charleston. The property or our merchants and ship-owners, to the value of more than twenty millions of dollars, has already been sacrificed by the depredations of the practical citizens which have escaped from the Southern ports, and, very soon, more than a hundred millions will be lost to the North by the same cause."

’ Here is a precious confession. The blockade, according to Yankee showing, is no blockade at all, and ought not, therefore to be respected by anybody. How much longer will England and France continue to respect it, when the very advance of this war bear such strong witness against its efficiency? It was laid down at Paris that a blockade, an order to be respected, must be efficient. The New York Herald, claiming to represent the Yankee Government in the press, asserts, in round let me, and proves, too, that it is altogether the contrary. It leaves the whole coast of Florida upon, and the whole enormous Yankee commerce in the Gulf exposed to the enterprise of our privateers. These latter and when and where they please. They have already inflicted a loss of twenty millions upon these shore and the Herald anticipates a further $80,000,000.

We have paragraph that give quoted. It proves that we are ing the Yankee on the a We are meeting upon their money-bags. We are appealing, to the only feeling, they have. I, shows besides, that the days of this blockade are numbered.--Foreign railroads are not going to pay any re because cribes. The Herald in consensus of these, and suggests a remedy. It says:

‘ "Under such circumstances, and the Navy Department remain at Washington, what ought our merchants to do? The course is Let them call a meeting at once, and past resolutions for buying up the twenty steamers now here and them out immediately for the blockading service. Let them, by thus acting independently of the Government, shame into action. This is no time to nce imbecility at the expenses of both our individual and national interest. Something must be done, and that at once, to put an end to the doings of these ma anders. Our commerce will be swept from the seas, it the risks of transit continue as great as they are. Shippers will only employ or other foreign s, and our immense marine will become a ruinous burthen upon the hands of the owners. The quickest mode, therefore, of suppressing them will be the cheaper, and we trust that our merchants will take the matter into their own hands without delay. It is useless looking to Washington for improvement in naval affairs."

’ We have sometimes doubted whether Bennett was acting in good faith, in his constrained defence of this war and its authors. We now fact convinced that he is not, and that he has been all the time doing them all the harm he car, while pretending to support them. The two paragraphs quoted above will do Yankee shipping more damage than half a dozen Confederate cruisers could do in twelve months. It will go to Europe, and be read there. It will go to the West Indies, and the shippers there will be sure to take warning.--If a Yankee gets a cargo hereafter, it will not be because Bennett has not warned shippers of the very probable consequences of such a dangerous experiment. As that somewhat well-known individual is believed not to be particularly averse to receiving a douceor for services rendered, every now and then, may it not be that some English ship-owner has secured his services on this conasion?

But what a view does he give us of the services our gallant privateers are rendering! They are doing the enemy as much damage as an army of twenty thousand men. They are cutting up his commerce root and branch. The remedy proposed is intensely New Yorkish. What is it? Why, to call a meeting Everything is done in New York by ‘"calling a meeting!"’ Bennett cuts out the work for the meeting. It is to buy up all the old steamers afloat in the bay, and turn out pirating on their own hook. Very good, but, we venture to suggest, a little desperate.

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