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Mr. Goschen, First Lord of the Admiralty, has declined an

invitation to Sheffield, which he had previously accepted. on the ground that his continuous presence in his office is in the present crisis indispensable. Very little is said of the preparations going on, but throughout the earth the Admiralty is provisioning, coaling, and more completely arming its squadrons, rather to the dismay of merchants, who are increasing their insurances. French merchants, how- ever, are not doing so.

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