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NEWS OF THE WEEK.

rp HE week has been full of wars and rumours of wars. There is the

devastation of Jutland still going on, and the despatch of an Austrian squadron to the Elbe, a furious revolt in Tunis and another in Algeria, a rumour that England intends at last to sup- port her mediation by arms, and a telegraphic statement that "General Kotzebue with 60,000 Russians is encamped at the mouth of the Danube," that Austria is moving an army towards Semis, and that Turkey is collecting 150,000 men. If one-half of all this is true we are entering on a " cycle of war" with a vengeance, and may bid adieu to the idea of surplus budgets for years to come.

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