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Russell's speech at Blairgowrie. --The pretensions of Great Britain to supremacy upon the ocean have been, ever since the battle of La Hague, in 1699, a subject of constant irritation and annoyly abandoned, and the doctrine established that a blockade, to be respected, must be effectual. Russell himself afterwards put a gloss upon this clause of the treaty, which rendered its meaning so plose they should say that they are French property, and bound for a French port. What right can Russell have to inquire into their farther destination, and how will the French Emperor relish such inq are in no condition to go to war. But it is our deliberate opinion that the proposed action of Russell, if carried out, would furnish ample ground for an instantaneous declaration of war. The explanation of Russell's conduct lies in a nutshell. 1st. He is afraid of the Yankees; and 2d. He wishes them to subjugate us because we are slaveholders. His speech betrays the operation of these