We are by no means confident that the Mexican War, with all its victories, was more serviceable to our reputation in Europe, than the single victory of Mr. Stevens, in his yacht America, off the Isle of Wight. This triumph has been celebrated in a dinner at the Astor House, but the city might have well afforded to welcome the returning owner of the America with an illumination, or the fathers, in council assembled, might have voted him a statue. Mr. Collins and Mr. Stevens have together managed to deprive England of the "trident of the seas," and as soon as it was transferred there began a shower of honors, which continues still, from the _Times_ down to the very meanest of its imitators. From that time the Americans have had all the "solid triumphs" in the Great Exhibition. We have been regarded as a wonderful people, and our institutions as the most interesting study that is offered for contemporary statesmen and philosophers. We copy below a specimen of the leaders with which the _Times_ has honored us, and commend it to our readers, not more for its tone than for the valuable information contained in it:-- LOCOMOTION BY RIVER AND RAILWAY IN THE UNITED STATES. England has been so dazzled by the splendor of her own achievements in the creation of a new art of transport by land and water within the last thirty years, as to become in a measure insensible to all that has been accomplished in the same interval and in the same department of the arts elsewhere, improvements less brilliant, indeed, intrinsically, than the stupendous system of inland transport, which we lately noticed in these columns, and having a lustre mitigated to our view by distance, yet presenting in many respects circumstances and conditions which may well excite profound and general interest, and even challenge a respectful comparison with the greatest of those advances in the art of locomotion of which we are most justly proud. It will not, therefore, be without utility and interest, after the detailed notice which we have lately given of our own advances in the adaptation of steam to locomotion, to direct attention to the progress in the same department which has been simultaneously made in other and distant countries, and first, and above all, by our friends and countrymen in the other hemisphere.