The foregoing is a copy of my last via Liverpool. This will be sent to the care of Mr. Fox, our Consul at Falmouth. There is no news whatever from Spain, nor military from any other quarter. The Presidents answer to the Town of Boston was elegant & wise. The Law authorising him to raise the embargo, it appears to me points out the only circumstance which will authorise its being rais⟨ed.⟩ I saw it in a London paper of the 24th. Octr. only three days ago. I im⟨a⟩gine nothing will come out of the late dispatches from France & Russia, by a flag of truce, ment⟨ion⟩ed in the same paper. It ⟨   ⟩ seems almost impossible that in the present posture of Europe⟨an⟩ affairs a peace should be the consequence. The late events in Spain may perhaps tend to admon⟨ish⟩ the Emperor of the mutability of fortune & render him more dispos⟨ed⟩ to listen to peace; but as it is ⟨   ⟩ the fashion & in other words the British Government have ⟨   ⟩ly adopted that refined policy of making Peace when elevated by any fortunate event, or rather wh⟨en⟩ their enemies were under the impression of any unfortunate one and as the Emperor will doubtless n⟨ot⟩ feel himself in a situation, whic⟨h⟩ will oblige him to offer very fav⟨or⟩able ones, they probably will rend⟨er⟩ both parties more determined to co⟨n⟩tinue the War. With perfect Respec⟨t⟩ I have the honor to ⟨be⟩ Sir Yr Mo. Ob. Ser⟨vant⟩