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e cultivated except by slave labor, is a lunacy which we are not warranted in attributing even to the Washington Cabinet. If they really expect to emancipate the slaves and still make the country profitable, which is the only condition on which the Yankees desire a country, they are the most hopeless madmen the world has ever seen. If the South is to be subjugated, she could not inflict upon her conqueror a more fatal stab than that he is preparing for his own bosom.--Burning the cotton that it may not fall into his hands is nothing to his own plan of destroying the labor by which the cotton is raised. Emancipate the slaves and the cotton-growing States become as profitless to the commerce and manufacturers of the world as Jamaica and St. Domingo. Hence we can only under stand the abolition and destructive policy of the United States Government, by referring it to a foregone conclusion that it will never be able to rob the South permanently, and, therefore, that it will ruin it.