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Confederate cruisers.

The principal injuries inflicted by Confederates upon the North have been where they were least anticipated — upon the waters. A single Southern commander, Semmes, has done more injury to Northern commerce than it suffered from the whole Navy of Great Britain during the last war with England. The United States flag has been almost swept from the commercial marine of the nations, and the British and other foreign flags have been the only refuge of American commerce. Jonathan comes under the protection of the meteor banner of Old England. The American Eagle hides himself under the tail of his ancient enemy, the British Lion, and is afraid to put his nose out for a breath of fresh air. This is by no means disagreeable to the pride and interests of Great Britain, which is reaping a golden harvest from her rigid "centrality." We observe from the reply of the British Administration to Mr. Long, M. P., that it does not feel disposed to endanger its thriving condition by any such nonsense as impartiality between the two belligerents. Mr. Long inquired "whether a ship belonging to the Confederate Navy would have the same right to search and make prize of an English vessel carrying contraband of war ton Federal port that a Federal war, vessel would exercise in the case of a ship carrying contraband of war to a Confederate port; and if not, whether such partiality in favor of one of two belligerent powers is reconcilable with the strict neutrality professed by her Majesty's Government." The very cute reply was that the Confederate cruisers had the same right as Federal cruisers, but that vessels thus captured must be taken into a port for condemnation before a prize court. As we lave no ports that are not blockaded, and English ports are closed against us, the concession of the right amounts to nothing, unless our cruisers choose to capture the vessel, and, if they cannot find a port, furnish her with one in Davy Jones's Locker. That portion of British profits which is made from contraband of war ought to be disposed of in the most summary manner. The Irish emigrant ships come under this head, and ought to be overhauled by our cruisers, and sent back to their place of departure.

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