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inet council so far informal; but it has developed two parties. Mr. Bates and Montgomery Blair favor it with certain modifications, while Messrs. Stanton and Chase violently oppose it. Mr. Welles is supposed also to be opposed to it. Mr. Usher, who always votes with the President, will decide whichever way that functionary dorrow under which they are willing that peace should be declared and the Union restored. It embraces the following points, which, it is stated, were suggested by Mr. Chase: First--Savery shall cease in the whole United States after the year 1876, the minors at that time to remain slaves until twenty-one years of age, and sla are all powerful here in all the departments, especially in the Navy, and War, and Treasury departments. Hence it is supposed that Mr. Welles, Mr. Stanton, and Mr. Chase can be relied upon for the strongest opposition to all means looking towards an early peace. Lincoln's policy in Missouri--his private letter published and t