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Spain and the United States.--Considerations for foreign Powers.

--Her Most Catholic Majesty will feel sorely aggrieved when she learns that the New York Herald, in consequence of the courtesy extended by the Captain General of Cuba to the Confederate flag, threatens the Spanish Government with the annihilating vengeance of the Lincoln Administration. The naval force in the Spanish waters will of course be doubled at once, and the army in Cuba quadrupled No one can tell how soon an expedition will sail from New York, or Old Point, and swallow the Moro Castle and all its appurtenances, including the most faithful island and the Governor-General, before breakfast.

The Herald not only threatens Spain, but frowns savagely and menaces ferociously England and France, whose cat's paw Spain is assumed to be. We would invoke the Herald to put a curb upon its excessive valor, and take the nations of the earth one at a time.--In view of the fact that the whole United States have not been able yet to conquer the single State of Virginia, discretion would seem to be a virtue. Even Spain alone, or at any rate, Spain in alliance with the Confederate States, would be an enemy who might give Brother Jonathan a great deal of tribulation. Of late years Spain has risen from her former decline, and has made as rapid progress in every element of greatness as any nation in Europe or America, not excepting the New England nation, which prides itself upon its superior speed, and demonstrated at Bull Run that in one department of going ahead it has no equal on this continent.

The public works, and the commercial and manufacturing interests of Spain, have all advanced of late years at a rate which has astonished those who supposed that once power- ful empire had sunk in irreparable decay, and that the Spanish people, once the most energetic and warlike of the earth, had become hopelessly degenerate. Spain is ascending every day to a proud position among the empires of the earth. Her army is one of the best disciplined and most efficient in Europe; her navy is larger than that of the United States, and includes more steam vessels in its ships of war than the fleets of the Union. In the event of a war with Spain, the United States would find its navy overmatched, whilst the Spanish privateers, always famous for daring and enterprise, would scourge Northern commerce from every sea. What would become of the rich argosies from India, and the vessels, deep laden with gold, from California? What arrant nonsense in the New York Herald to threaten Spain with the vengeance of the United States, when Spain has no assailable point upon which the United States could wreak its vengeance, except Cuba, which the United States was unable to take even before the Union was dissolved, which is defended by fortresses that could sink the whole United States navy with ease, which is guarded by watchful Spanish squadrons, outnumbering the war vessels of the United States two to one, and which, moreover, England and France have guaranteed to defend against all enemies.

The Herald evinces some surprise that the Spaniards should so readily affiliate with the South, off the ground that the South has been prominent in endeavoring to wrest Cuba from Spain, and has led the filibustering expeditions of American citizens to Central America. This is a false allegation, and none better understand its falsehood than the sagacious Spanish Government. They are well aware that it was Northern commerce and Northern greed of gain which have prompted every demonstration ever made in the United States towards Cuban annexation. The South could never have acquired any advantages by Cuban annexation comparable to the enormous gains which would have been insured to Northern commerce. The filibusters, it is true, were not confined to Northern men; but, with its usual dexterity, the North knew where to employ fearless fingers to pull its chestnuts out of the fire, and at the same time relieve itself of the odium of a prominent participation in the robbery. Spain understands all this as well as it is understood by those behind the curtain in the North. She looked to such a man as John C. Calhoun as the type and representative of Southern sentiment, and it is well known that Mr. Calhoun, like the majority of the Southern people, was opposed to the high-handed robbery which sought to despoil Spain of her Cuban jewel. Besides all this, similarity of institutions and character creates sympathies and affinities between Spain and the South, which would readily incline her to prefer a slaveholding, chivalric hospitable people, to the abolition, cold-blooded, cynical, and commercial North.

Such menaces as those of the New York press against the whole foreign world, at the very moment that they are thrown into ecstasies at the slightest mark of their favor, going into hysterias over every batch of foreign adventurers that accepts provant and pay in their service, are simply preposterous. At the same time, it is evident enough that if they could succeed in the work of Southern subjugation, the brutum fulmen of to-day would, twenty- five years hence, be a genuine thunderbolt of Jove. It becomes those who wield dominion in Europe, and who desire to transmit it to their posterity, to seize an opportunity of ensuring stability to their Governments which, once lost, will never be regained. If Lincolnism be successful in this war, a Democratic Military Despotism will spring up in America which will wipe out every foot print of European power on this continent and which, combining itself with the hereditary despotism of Russian, will be able to crush as between an upper and nether millstone every constitutional Government of Europe. No fast and loose policy on the part of England and France, no blowing hot and cold a this critical juncture, will propitiate the North if successful in this tremendous strife. The North not only suspects their real motives but accuses and denounces them every day and, if successful, will embrace the first opportunity to retaliate. If they are wise in their generation, they will avail themselves of an opportunity to consolidate their political power, and to secure to their subjects the supreme control of the looms and of the seas, such as will never occur again.

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