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second article of the declaration of Paris, which provides "that the neutral flag covers enemy's goods, with the exception of contraband of war," was a new concession by belligerents in favor of neutrals, and not simply the enunciation of an acknowledged pre-existing rule like the fourth article, which referred to blockades. To this concession we bound ourselves by the Convention with Great Britain and France, which took the shape of the resolutions adopted by your predecessors on the 13th August, 1861. The consideration tendered us for that concession has been with-held. We have, therefore, the undeniable right to refuse longer to remain bound by a compact which the other party refuses to fulfill. But we should not forget that war is but temporary, and that we desire that peace shall be permanent.--The future policy of the Confederacy must ever be to uphold neutral rights to their full extent. The principles of the declaration of Paris commend themselves to our judgment as more ju