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uthern Confederacy. In the February number, 1861, of Dr. Bow's Review, the editor thus sums up the important advantages which will be possessed by the Southern Confederacy: 1. It will have a territory as great as the whole of Europe, with the exception of Russia and Turkey. 2. It will have a population five times that of the Continental Colonies: twice that of the United States during our last war with Britain; and equal to that of Britain when she contested the world with Bonaparte. 3. It will I have a commerce which, in exports, already equals four-fifths of the entire exports of the Union. This commerce has built up the commercial marine of the United States, as it almost employs it, and in building up this, builds up the navy with it. 4. It will embrace a homogeneous population, little admixed with those of foreign blood, and its organized servile labor will be the greatest source of strength and not of weakness, as is the pauper population of other count