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European News.

The following is the speech read on behalf of the Queen, who did not make her appearance, in consequence or the recent demise of her husband:

My Lords and Gentlemen: We are commanded by her Majesty to assure you that her Majesty is persuaded that you will deeply participate in the affliction by which her Majesty has been overwhelmed by the calamitous untimely, and irreparable loss of her beloved consort, who has been her comfort and support. It has been soothing to her Majesty, while suffering most acutely under this awful dispensation of Providence, to receive from all classes of her subjects the most cordial assurances of their sympathy with her sorrow.

We are commanded to assure you that she looks with confidence to your assistance and advice.

Her Majesty's relations with all the European Powers continue to be friendly and satisfactory, and her Majesty trusts there is no reason to apprehend any disturbance of the peace of Europe.

A question of great importance, which might have led to very serious consequences, arose between. Her Majesty and the Government of the United States, being the seizure and forcible removal of four passengers from on board a British mail packet by the commander of a ship of war of the U. States--That question has been satisfactorily settled by the restoration of the passengers to British protection, and by a disavowal by the U. States Government of the act of violence committed by their naval officer. The friendly relations between Her Majesty and the President of the United States are therefore unimpaired.

Her Majesty willingly appreciates the loyalty and patriotism which has been manifested on this occasion by Her Majesty's North American subjects.

The wrongs committed by various parties, and by successive Governments in Mexico upon foreign residents within Mexican territory, and for which no satisfactory redress could be obtained, have led to the conclusion of a convention between Her Majesty, the Emperor of the French, and the Queen of Spain, for the purpose of regularizing a combined occupation of the coast of Mexico, with a view to obtain that redress which has hitherto been withheld. That convention, and the papers relating to that subject, will be laid before you.

After referring to Mexico and China, the address concludes:

Her Majesty regrets that in some parts of the United Kingdom, and in certain branches of industry, temporary causes have produced considerable pressure and privation, but we have reason to believe that the general condition of the country is sound and satisfactory. Her Majesty confidently commends the general interests of the nation to your wisdom and your care. She fervently prays that the blessings of Almighty God may attend your deliberations, and may guide them to the promotion of the welfare and happiness of her people.

Memomorial to Prince Albert.

The National Memorial Fund for the erection of a memorial to the late Prince Consort of England, had, at the end of last month, reached £8,000. The Lord Mayor of London has forwarded to all the mayors and magistrates throughout the kingdom an appeal urging them to use their influence in procuring further subscriptions. Among those who have already subscribed are Earl Russell £100. Lord Palmerston £100, the Lord Mayor, £100, Bishop of Exeter £100, Peabody & Co, the American bankers, £105; the Rothschilds £210; Goldsmith, the banker, £100; the Bank of England, £500; the Society of Arts $1,050.

Irish Intelligence.

The linen trade in Ireland continues in a state of stagnation. The total value of exports for the eleven months ending the 30th of November was £3,335,771. During the same period of the preceding year it was £3,951,265, showing a decrease of £615,494. The great falling off is in the trade with the United States, the deficit amounting to £1,034,584. So long as the civil war lasts there can be no improvement.

The Confederate steamer Nashville and the Yankee steamer Tuscarora--England's application of her neutral rights.
[from the London times, Feb. 3d]

We do not allow our own little boys to disturb the thorough fares with squibs and crackers on the Fifth of November, and why should we submit to be annoyed with the two guns of the Nashville or the ‘"columbiads"’ of the Tuscarora, eager as these mighty men-of-war may be to make themselves noisy and disagreeable in the neighborhood of Caborne? The rule of international law is plain enough. Every nation has the right, if she likes, of giving hospitality to the ships-of-war of either or both the belligerent powers, and she may suffer them, or either of them, to bring in their prizes and submit them to her admiralty courts. But every nation has also the right to exclude them altogether, unless where such exclusion would be contrary to the general dictates of humanity.

Our Government has made its choice, we think, very wisely, and has excluded both parties. Earl Russell, in this State paper, measures out equal measures to ships of war and privateers. He excludes both from all British ports for all warlike purposes. If they come into our waters, except in distress, they are to be warned away, and to depart in twenty-four hours. If they are in distress, they are to go as soon as they have obtained the repairs and supplies necessary to enable them to sail homeward. If any hostile ships or merchantmen that might be made their prey, are in the same harbor, they cannot follow them out until twenty-four hours ‘"law"’ has been allowed to the fugitives. All this is old law, which has been already enforced within the French ports without any public declaration such as this now made by our Foreign Office.

The comparatively recent appliance of steam to war ships has made the question of coals a novelty in our International Law of Neutrals. The obvious idea of supplying a ship-of-war with only coals sufficient to take her to the nearest home port would not meet the present case, for the would spend these coals in a cruise and come back for more, being again in distress. Earl Russell meets this difficulty by a provision that a ship-of-war or a privateer shall not obtain coal within the British dominion, even to take her home, more than once in three months.

We hope this will put an end to the annoyances that occur in Europe from these transatlantic quarrels. It would appear that war steamers, which must leave our ports in twenty-four hours, and can only come and coal once in three months, cannot be so troublesome. The fight in the New World may be mighty, and terrific, and sublime. It may be the real battle of Armageddon for aught we know. It may be like the shock of hostile earthquakes. We are constantly being told how terrible it is to be when Gen. McClellan gets well and his army is ready. We are content to believe or disbelieve it; but, as it comes to us in the Old World, it is like a war of frogs and mice, and is simply a small nuisance.

Our friends over the water ought to remember that we have not the same reasons which they have for enduring such disturbances.--The revelations made by Mr. Dawes in Congress apply to America, and not England. It is pretty clear now that the war of the Federal States is kept up by a fictitious public enthusiasm, founded upon the squandering among the small class of political contractors and agitators of two millions of dollars a day. We have great faith is the purity and disin-

terestedness of the inhabitants of Southampton and Portsmouth, and we are quite sure that they will urge the Government to execute the regulations they have put forth.--We hope, therefore, that after this notification, we may see no more of these ferocious penny steamers in our tranquil waters.

Character of the Tuscarora in Port.
[from the London post, (Government organ.) Feb. 3.]

The Nashville, a Confederate privateeer having put into Southampton for repairs, the Tuscarora, a Federal war steamer, entered the port and waited patiently till her adversary would quit her asylum. From the first day when the Tuscarora took up her position, the captain has committed a series of irregularities. He sent some of his crew on shore, and actually stationed them in the dockyard to signal the departure of the Nashville. He repeatedly moored his vessel, slipped his moorings, and went to sea, and afterwards returned to them again, in direct violation of international law.

No rule is more clearly established than that a belligerent vessel which enters a neutral port is not entitled to leave such port if a vessel belonging to the other belligerent Power is also there, without giving the latter the option of leaving first, nor can she then follow her before twenty-four hours have elapsed. This rule then, the captain of the Tuscarora has repeatedly violated. Our readers are doubtless aware that since the arrival of the Tuscarora an English frigate has been stationed in the Southampton water to enforce, should it be necessary, respect for the British territory and obedience to our jurisdiction. Had the Nashville left Southampton dock, and had the Tuscarora attempted to follow her, such an act would have been regarded by us as an act of hostility, and we would have at once interposed.

At any moment, therefore, during the past few weeks, we might have been placed in a very awkward relation with the Federal States of America through the intemperance of a naval officer, whose general conduct since his arrival here has not been such as to impress us with the idea that he entertains unlimited respect for international law. The Government have felt it to be their duty to relieve the sense of uneasiness which this condition of things has occasioned, and, as prevention is better than cure, they have accordingly manifested their determination of enforcing certain regulations which, whilst it will put an end to the blockade at present existing at Southampton, will prevent the recurrence of a similar state of things.

The victory at Mill Spring reported Abroad.

The Clerk Herald of the 5th inst., is at hand by the Edinburg. The news of the battle of Mill Spring was announced there. The Herald, in commenting on the news says:

‘ Although the results of the battle are confirmed from several sources, yet the accounts being exclusively Northern, should be obviously received with some reserve.

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