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The London Times has the following on the nomination of McClellan:

In America, however, the military events yield in importance to the political. While each succeeding month displays the unbending firmness of the Southerners, there are many signs of a relaxation of purpose among their opponents. The nomination of General McClellan as the Democratic candidate for the Presidency is now not unlikely, if the will of New York should prevail with the representatives of the party. The principles of General McClellan are not very clear; he has always been looked upon as a War Democrat as being as anxious for Union and the old Constitution as any man in the land. But when events move so rapidly, men move with them. Should any opponent of Mr. Lincoln be elected, there can hardly be a doubt that the policy of the present President will be abandoned during the ensuing four years. On the other hand, it may be doubted if the Republicans are more inclined for the recognition of the South, or even for reconciliation with it, than they were a year ago. They have an immense political power; they give away thousands of places and commissions; they disburse millions upon millions of money; they command the army and the navy, and they have on their side all who have flourished and are flourishing by the war. They know thoroughly what they want, which is more than a large part of the Democrats do, and they will strain every nerve to succeed. During the next two months we shall behold a struggle as fierce as that between the opposing armies themselves. There will be but one wish, among European nations that ident may be elected ed to a war po and capable of acting with firmness and independence during the coming President term.

The Victory at Mobile.

The London Army and Navy Gazette says the success obtained before Mobile, even in its present proportions, is very considerable, and will do much to revive the spirit of the North. It shows, however, the great natural drawbacks to operations at that city from venomous insects, beat, &c. The article also speaks as follows upon the alleged peace prospects: "Here let us declare our labor that the existence of a peace party is mythical. We are told of one hundred thousand people meeting to support General McClellan. Does any one believe a military President, who has been beaten in the field by Confederate generals, is going to proclaim peace at the head of his armies ! Certainly, if he does, it will be the signal for danger to the neighbor of the North and of the South. As long as there is a my of hope to light it on, the North will march through the storm and darkness towards its and — empire."

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