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Prince Napoleon's letter.

--The letter embodying the views of Prince Napoleon, published last week, shows a clear insight of the state of affairs in the United States, and gives a clearer idea of them to the reader than all the letters of Russell, L. D. D., and A. S. S., put together. Is it not marvellous that a Frenchman, only three weeks in the United States, and but a short period in New York, should see so clearly through the dense fog of falsehood and confusion around him, and give at the first effort a more accurate and philosophical view of things than the L. L. D. of the London Times has been able to accomplish in six months?

In the letter supposed to be the written by, or at the direction of Prince Napoleon, the writer says: ‘"They (the Federalists) voted hundreds of millions, well knowing they will not pay them — they vote soldiers, well knowing that the soldiers will not come; and, in spite of an apparently very pacific disposition, they continue with an unequalled obstinacy a war which ruins them — a war without object, for all this affair can have but one issue — the political separation of the North and South, and the resumption of commercial affairs between them on the same footing as in the past. Prodigality and avarice, enthusiasm for the war, enthusiasm to stay at home, political fanaticism and egotistical speculations — there is the incomprehensible melange which I have found here." ’

These are the views of an impartial observer, formed in the midst of our enemies. We trust he is mistaken in the opinion that commercial affairs will be resumed between the two sections after the war on the same footing as before, an error into which he may have been easily led by the commercial men of New York. In all else we believe he is right. If the Northern journals deny his impartiality, they can derive little consolation from the fact that the representative of the powerful French Empire sides with the South.

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