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The coercive policy.

The Garrisonites and the Gassletites of the Republican party are dividing on coercion. Garrison says in his comments on the Inaugural:"The time has come for decisive action. Let there be no civil war but a separation between the free end the stars States in the spirit of Abraham and Lot. The 'covenant with death must be annulled; the agreement with hell' must no longer stand, it is a stature, a decision, a terrible cure, to attempt to perpetuate it. God wills its immediate and eternal overthrow; the will of God be done. Let the free North be free indeed — fashion of own institutions and dictate her own policy, leaving the South with all her dread responsibilities resting upon her."

Either blood must flow like water, or Mr. Lincoln and the North must back down, and confess that the American Union is dissolved beyond the power of restorations.

The dissolution exists, remarks the N. Y. Express, and Garrison recognizes it — in which, he is far more sensible and sight-seeing than Gassley. We may thank him also for the reference to Abraham and Lor, the former, who had 318 slaves, and is styled in Scriptors the "friend of God," being a fair representative of the slaveholding "sinners" of the South.

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