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Later from Europe.
arrival of the City of New York.

the London Times warns the United States to make the blockade effective — England must have cotton, &c., &c.

New York Nov. 3.
--The City of New York, at this port yesterday, brings news from Europe to the 24th ultimo--one day later.

The London Times published an editorial on the Federal blockade of the Southern ports, in which it warns the Lincoln Cabinet to endeavor to make that measure effective at every point, or else there is danger of its being broken by the English Government, which has to provide for the wants of many millions of people likely to be thrown out of employment by the cotton mills, in consequence of the cutting off of the supply of that staple.

While the Times thus expresses the Palmerston ideas on this point of the American question, we find the London Herald--the organ of Earl Derby and the aristocrats — after a complete silence of four weeks duration on our affairs, out in a very violent leader on the subject of the condemnation of the bark Hiawatha and other British vessels, by Judges of the Union Courts, for violating the blockade. The Derbyites pretend that if the decision of Judge Betts is not either reversed or disavowed, England will demand reparation for her ship owners and traders, even to the length of a war with the United States. The expressions of the Times and Herald are published merely as party bids for office.

As the day of opening the session of Parliament approaches, the American question is made a prominent topic in the after-dinner speeches of the English members of Parliament. Three Spanish war ships had sailed from Cadiz for the Gulf of Mexico. England has stipulated, in the tripartite treaty, that, if a monarchy should be restored in Mexico, no member of the Bonaparte or Bourbon dynasty shall be elevated to the throne. Another British war vessel (the Medina) has sailed for the West Indies.

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