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Latest from the North.

We are indebted to Major Norris, of the Signal Corps, for the following extract from the New York Herald, of the 25th instant:

Washington, July 24.--The movement under the leadership of Mr. Seward, having for its object the offer of liberal concessions to the insurgents and the ending of the present war, has received an impetus from the news which has just reached here from our foreign Ministers in London and Paris.

It is now admitted by the most sanguine friends of the Administration that never were our affairs in so menacing a state. England — so the official advices indicate — has determined to furnish the South with an iron clad navy, including ships, guns and seamen. It is equally certain that the Emperor of France has made up his mind definitely to interfere in our domestic affairs.

The changed condition of affairs, due to the fall of Vicksburg and Port Hudson, and the rebel defeat at Gettysburg, will not, it is believed by the most sagacious of the friends of the Administration, alter the character of the action which France and England have finally determined to adopt. The appearance of a fleet of French vessels at New Orleans to protect the interests of the Creole population at that point, and the sailing of a very large iron clad fleet from the English ports, are certain to take place. Indeed, it is understood here that the real peril to the North will come when it is apparent to the Emperor Napoleon and the British Cabinet that there is a strong probability of the overthrow of the South as a military power.

So long as the content was an even one, they could afford to be neutral and let the matter be fought out, but the moment there is danger of the North overpowering the South, then intervention will be tried to compel a separation, upon which England and France are determined — England to cripple the power of this great Republic, and France to preserve her domain in Mexico. There is no doubt that if the North and South were to come together France would immediately be compelled to relinquish her hold upon Mexico, and this Louis Napoleon is determined shall not happen. Hence, it is argued, he will take time by the forelock, and the South against the North earn a title to its gratitude, and thus retain his hold upon Mexico, and pursue his schemes in Central America.

England is also aware that should the Union be restored, it will find both North and South embittered against her and ready for war.

It is a matter of certainty — and the English understand it well — that the American Republic will follow the example of the old Roman Republic, which always embarked upon a foreign war after a civil convulsion, so as to induce a unity of national spirit.

With these indications before them, and with the unofficial dispatches of our Ministers and Consuls abroad. Mr. Seward and the President are convinced that this is the most critical time, so far as regards our relations with foreign powers, that we have had since the commencement of the war. We cannot afford to permit England to destroy our commerce, nor allow France to name her designs on New Orleans. This state of affairs has made the President and Secretary of State anxious to settle up our present quarrel. They believe that proper measured taken now would restore the Union and put an end to the present unhappy war. From what I hear, I am inclined to believe that are now foot looking to this end. The programme is that the Territories, as decided in the recent Congress, shall remain free forever — thus preventing the of slavery. Slaves freed by the march of our enemies will remain free.

Missouri is to become a free State, as she has chosen to be, and Maryland and Delaware may also be free if they should so decide. But the other slave States are to retain such of the slaves as will be under the control of the masters at the end of the war Mr. Seward country from which it can never recover, and that it would be better to leave the natural causes at work to end it than to convert the South into a desert by depriving it of the laboring population.

It is understood that the plan will not end the radicals, and the embarrassment of Mr. Lincoln now is not to bring about a reunion so much as to know what to do with his party in case he should consent to a peace. The situation is a perplexing one, and will call out all the sagacity and administrative ability of the people in power.

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