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English neutrality.

We think, if the news from Europe published in our columns yesterday does not entirely disabuse the minds of the few among us who, after all that has happened, still cling to the hope that our cousins over the water can be induced by an circumstance whatever to afford us even their countenance in our difficulties, they must be harder of belief than Thomas, surnamed Didymus, himself. In a rose-water speech of, we should suppose, some five minutes length, Lord Derby called the attention of the peers to the fact that Lord Russell had refused to lay the papers in the case of the rams before the House of Lords, on the contemptibly frivolous pretext that the case was now under judicial investigation, the papers in question having already been published by the Yankee Congress. He wished farther to have a copy of any papers relative to Yankee threats of violence in British waters, a dispatch from Seward to Adams having been published in Washington, in which the former threatened to follow the Alabama and Florida into British waters, and destroy them there. Russell would not produce the papers, contenting himself with stating that the rams were, in his opinion, designed for the Confederate States, and that her Majesty's Government were extremely anxious to avoid giving countenance to such proceedings. And there, we are told, the subject dropped. In the House of Commons, Mr. Seymour Fitzgerald called attention to the capture of certain English vessels by the Yankees, and the murder of an English sailor by a Yankee lieutenant. Russell, it seems, had modestly insinuated to Seward that the murder ought to be punished, but did not insist lest he might give offence to the Yankees. The Attorney-General out him short by stating that prize adjudications were the same in England and America, (Yankeedom,) and that the disposition of the Government was very fair and just, when Lord Robert Cecil backed Mr. Fitzgerald, stating, in substance, that the practice of refusing papers when called for, enabled the ministry to govern without Parliament, and that the policy of the Government was obviously a truckling one, &c. After some further debate, in which much was said about the truckling policy of the Government, old Palmerston begged Mr. Fitzgerald, with tears in his eyes, to withdraw his motion for the production of papers, (which had already been published,) declaring that the Government of Lincoln was the justest, and the noblest, and the most enlightened Government in the world, and giving way to uncontrollable emotion at the bare idea of infesting upon the maintenance of British dignity and British right to the point of offending his dear friends Lincoln and Seward. And Mr. Fitzgerald accordingly withdrew his motion.

Russell is well aware that we have no means of retaliating for any injury he may offer us. He therefore treats us haughtily and truculently. But the Yankees have the means of retaliating and to them he truckles with the abject meanness characteristic of the bully and the coward.

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