very argument I have been using for twenty years. He thinks if his proposition be adopted that several of the border States will embrace its terms, and that the Union will be reconstructed.
He says the money expended in this way will not amount to so much as the cost of a war of subjugation.
He is getting sick of the war, and therein I see the beginning of the end of it. It is a good sign for us, perhaps.
I should not be surprised if his proposition had advocates in the South.
Lt.-Col. T. C. Johnson sent in a communication, to-day.
He alludes to an interview with the Secretary, in which the latter informed him that the government intended to exchange cotton for supplies for the army, and Lt.-Col. J. suggests that it be extended to embrace all kinds of merchandise for the people, and informs him that New York merchants are willing to send merchandise to our ports if we will permit their ships to return laden with cotton, at 50 cts. per pound, and pledging themselves to furnish g