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ews on the subject. Another letter says: That the Emperor desires to see peace restored in America for political as well as humanitarian reasons, is beyond a doubt; that his Majesty would recognize the South if England would do so there can be no question. The isolated efforts of French diplomacy have failed. The question asked here is, "Has not the situation changed? Would not the united action of England and France for peace be now listened to at Washington?" The Times'sParis correspondent repeats the statement that the rebels, with the sanction of the Emperor of France, have applied to Spain for recognition, offering to guarantee to her in case of recognition, the possession of Cuba. It is thought in Madrid that, in any case, the Emperor of France will not much longer postpone recognizing the Confederacy. Mr. Lindray, in a letter to the Times, confirms the statements of Mr. Roebuck, respecting their interview with the Emperor of France. On the other hand,