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to perdition for an impossibility. But the sober business Parliament of England must manage the nation's affairs with common sense, with prudence and humanity, and without any impossibility. This assembly cannot permit a self willed minister to close the year's sitting without an attempt to put an end to that cotton dearth which is starving our willing work people; their firm resolve may do much in urging a sluggish ministry to find its opportunity for mediation now while Americans themselves are beginning to cry aloud for peace, and while recent events have still more fully proved the conquest of the South to be an object altogether unattainable. The Globe (Palmerston) treats it as a defeat, and says that McClellan after seven days fighting, and terrible loss, has achieved the great strategic advantage of establishing himself in a position which he might have reached without any fighting either by land or by sea, at any time he pleased before the attack of the 27th of June.