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on to our Government alone. The Southerners here say he will, and that in case of refusal on the part of the Federal Government to accept it, he will lend the physical aid of France to the South, raise the blockade, and recognize the Southern Confederacy. The blockade once raised, they say, England would be glad to avail herself of the advantages thus offered to commerce, and would, of course, in no manner interfere with France in the aid which the latter would render to the South. Mr. Slidell was received by the Emperor at Complegne, a few days ago, since the circular of the Minister of Foreign Affairs was written, and he is in constant communication with the Minister himself. I am inclined to believe that the Emperor's future course upon this matter will be moulded entirely by what he considers his interest in Mexico, and it is very certain that he looks upon the prospective occupancy of Texas by a large body of Union troops with no very favorable eye. In spite of t