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Later from Europe. The steamer Arabia brings European advices to the 9th. The following is a summary of the news: The London Globe's Paris correspondent says that M. Chevalier's pamphlet on Mexican affairs is considered an indication of the prompt recognition of the Southern Confederacy by the Emperor Napoleon. The Paris Pays denies the official character of the pamphlet. Earl Russell's reply to the Emancipation Society memorial, remonstrating against the departure of the rams build for the rebels, is in a tone of disapproval, and says nothing can be done without affidavits. The Moniteur says that the Florida was only permitted to make indispensable repairs at Brest, and that her reception was according to the ordinary principles of international law. The news of the bombardment of Charleston had further depressed the Confederate loan. The cotton market was easier, though quotations are unchanged.