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From the Rio Grande.

--More Troubles--The N. O. Picayune has information from the Rio Grande, received through a merchant from Brownsville, from which we learn that the condition of affairs in that quarter indicates that another trouble is about to come upon our enemies. The intelligence is that the British and French consuls at Matamoras had presented to the Captain of the United States frigate Portsmouth a formal protest against the blockade of the Rio Grande, and that on the 6th the British consul dispatched a schooner to Tampico, with orders for a British war vessel to hasten to the Rio Grande and prevent, even to the extent of hostilities, the blockade of the river by the Portsmouth. The consul's orders were that the British vessel should engage the Portsmouth immediately upon her arrival. The French consul had also sent a request to Tampico for the forwarding of a French war ship. The Picayune adds:

A large number of vessels arrived from Europe are in durance under the guns of the Portsmouth. The captain of the latter will not allow these vessels to discharge their cargoes, unless it is guaranteed that the goods will be delivered in Matamoras, and not at Brownsville. Now, this condition, even if legal, is impossible, as the steamboats plying on the Rio Grande are all owned in Brownsville, and as such, being the property of rebels, they date not undertake to lighten these European vessels at the mouth of the river, for in doing so they would run the risk of being seized by the United States frigate. Thus it will be seen that the damage for the detention of these neutral merchantmen must amount to a very round sum against the by no means plethoric purse of old Abe.

The Portsmouth continues to fly the French flag as a decoy to all traders approaching her station. She frequently takes a short cruise under the same colors; but when no merchantman is in sight, she hoists the old "gridiron."

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