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Prince Napoleon.

--The fact that the Prince Napoleon, since his return, has expressed the opinion that the subjugation of the South and the reconstruction of the Union are impossible, are gall and wormwood to the Lincoln Government. All the toadying, feasting, and flattering of the illustrious French visitors have not blinded their eyes to a truth which everybody sees but the demented North. That remarkable people seems to suppose that all they have to do to win the favorable opinion of foreign visitors is to give them good dinners and treat them with distinguished consideration. They were very much astounded that, after putting themselves on their best behavior to the Prince of Wales, England should not help them put down this Southern rebellion. Disappointed in that quarter, they honeyed the Prince Napoleon, but with equal ill fortune. The South, which has maintained its self-respect, has the friendship of those whom they have vainly sought to propitiate, for the reason that European Governments are influenced in their foreign policy by the welfare and interest of their subjects, and not by unprofitable sympathies. Cotton, tobacco, and free trade are more important to England and France than processions in Broadway and dinners at the White House.

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