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The peace movement.--The peace movement at the North is fairly begun at last. The voice of a populous longing to close a hopeless and ruinous war of aggression, can no longer be stifled. The mighty rabble of New-York and Philadelphia have caught up the cry raised by the Hoosiers of the North-west, and day by day the peace element in party politics grows stronger and more distinct. The utterances which reach us show that there has been no lack of venal presses and unscrupulous politicians, shaping their course so as to share the rising fortunes of the anti-war movement. Everywhere throughout the North we find supple demagogues echoing the popular sentiment with a vigor and boldness which, a year ago, would have consigned them to a dungeon; and even the fearless and consistent Vallandigham takes a step farther than he ever dared before, and unfurls the white flag in the very halls of the Yankee Congress.

To give to the new party such an overwhelming and decisive preponderance of strength as will at on<*>er-minate the effort to subjugate the South, we believe that it is only necessary that, in the next great shock of arms, which must now be close at hand, our troops shall once more vindicate their superiority over the ruffianly invaders whom they must encounter. That our brave soldiers may enter this final struggle under the least possible disadvantage of numbers, is an object which should enlist all the attention and energies of those who rule the policy of the Confederacy.--Charleston Mercury, January 31.

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