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A Yankee on the Feeling of England Towards Yankeedom — Great Doubts of Her "Loyalty" to &be.

The London correspondent of the New York Times writes to that paper, on the 5th, a long discourse about the amount of "loyalty" to the Yankee King which exists in English bosoms. Unfortunately the people in that country are inclined to be rebellions and are quite as hard to get at for the purposes of punishment as are the Confederates. The writer than holds forth:

The first thing every Englishman looks for on opening the morning paper is news from America. He watches for the evening to use it a steamer has arrived. He hopes to read of a repulse at Vicksburg, Port Hud on, Charleston or Savannah, or that has been beaten and driven out of Tennessee. If Washington were taken all England would be in a blaze of glorification. There is no question about this. I do not forget Mr. Bright and the Emancipation , and their . The Abolitionists would but the nation would rejoice. The reason of this is because the North, or the National Government, if it can restore the Union, or conquer the South, will be more powerful then ever, and more to be feared by Hoagland.

Here is the real feeling in England, and here are the course of that feeling. We are in the crisis of the director. There is no more printing, but there is a growing bitterness and Brillion.--Half a million of people cannot be kept mouth after month in idleness reoffering and , without . The Government sees no way, on it has any plan of action. it makes no sign. All it says in-- "Don --don't late us up. us free to act when the time comes" In the debate in the Lords, before the recess, Earl Russell four times declared that in speaking against recognition he appose only for the moment and did not bind for the future. Lord Palmerston has been quite a careful. There is nothing in his past to hinder his announcing when Parliament meets again on the 15th of April, that her Majesty's Government, in concert with that of the Emperor of the French, has resolved to recognize the independence of the Confederate state.

I do not say that this will happen. I only say that the Government has purposely refused to make any or declarations which would prevent them from taking such a source, and that such a course would be called with acclamations, just their nation was in the case of the Trent, or would be in that of the Peterhoff if it became no to take similar measures.

While this is the position of the Government, the capitalism, who have $15,000,000 on cotton, who are building iron-spade and by the score, who are sending out whole fleets of fact steamers to run the blockade, have a personal interest in involving the Government in the war. And you will not forget the "cheer and laugher" that sustained Mr. Laird, the great Southern Steamboat man when he declares that he had openly balit the Alabama for the Confederate Government.

The Confederate loan, which went to five premium, has fallen below pair; but rises and fails with the price of cotton and the hope of getting is front the South. One of the Spences, of Liverpool, a relative of the Confederate agent, has failed probably from the capture of some of his blockade running vestures. There have been several similar ; but these lame ducks will not deter the flask of vaguer speculators. It is a lottery, where, if the risks are large, the

The delay of naval and military operations may be all for the best, but it is very aggravating to those who wall for nows. Europe watches for the attach on Charleston with the as promising to be the most impartment in modern warfare. The more important operations on the as they are understood, are looked upon with less interest. There has been an others of localisation at the reported cutting of the and inundation of the country; but opinion on the whole subject here is as ill-informed and confused as to make the sentiment as ludicrous as it is spiteful.

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