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Majorities Ruling.

In Mr. Lincoln's Pittsburg speech, he declared that majorities ought to rule, and if his policy was not liked as President, the majority ought to turn him out. According to his own rule, he ought not to be President at all, for there was a large majority of the people's vote against him. He is a minority President, a fact which ought to give him a faint conception of the idea that minorities in a constitutional republic sometimes have rights.

By the way, it is fair to infer from this Pittsburg speech, that the Illinois patriarch contemplates the possibility of his re-election.--What do Seward & Co. say to that?

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