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The New York Herald and the Emperor of the French. We published the other day an extract from the New York Herald, in which the writer undertake to explain the attitude of the French Emperor with regard to the contending parties in this war. It seems he is as much in need of cotton as Lord Russell, but has not quite so much confidence, in the power of Seward to furnish him with the desired quantity. He has therefore determined to take the matter into his own hands, and to intervene after a fashion that cannot but prove successful. He is to insist upon it that the Southern Confederacy submit at once to the Yankees, and take them for their masters without any further resistance to their demands. Then the Emperor will have cotton, and that seems to be the grand object of all the diplomacy extant in the European world at the present time of writing. The Emperor is to lay aside his predilections for universal suffrage, and to settle our affairs on a basis different from that on wh
ns, and a disposition to make himself a partisan of Seward, even before that functionary made any advance. The in March, that this war would end in ninety days. Seward had no doubt persuaded him that within that time hes will. The highwayman's bargain concluded between Seward and Russell cannot be carried into effect. Seward Seward has Beaufort and New Orleans, yet he sends no cotton. Every day the truth becomes plainer. No cotton can be cept with the consent of the planters. Even though Seward subjugate the whole South, he cannot redeem his plele-headed nobleman goes to England as a partisan of Seward to prevail on the Cabinet to give Seward more time Seward more time and to represent that in a little while the rebellion must be crushed. He cannot see that the crushing of the it is ascribable. They know that whatever pledges Seward has given cannot be redeemed. Unless, then, Lord Russell abandons the league with Seward, he will be pressed by these men until he resigns, and Lord Lyons go wi