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A Diabolical Scheme.

We yesterday gave an extract from Grerley's Tribune, recommending a partition of the lands in Virginia and Maryland among the invading army. Webb, of the Courier, endeavoring to surpass his leader of the White Hat, calls for two hundred thousand volunteers, and insists that we shall be starved out and drowned out. Private advices suggest that it is the design to exterminate us, root and branch, and that, instead of slave labor upon the cotton fields, it is the purpose to employ coolies from China. We refer to these facts simply to put them on record, for the day will come when men will doubt that such malignant and devilish wickedness, unparalleled in the history of nations, could exist.--It will never be accomplished, but we want it to be remembered, and when peace is restored, and this same truculent mob find it to their interest, for the purpose of securing Southern trade, to say smooth things to the South, we want the Southern people to remember all this, and submit to any privations, to poverty, to death itself, before being longer tributary to the trade and prosperity of such a people.

When these wretches threaten the South with extermination, they threaten her with that which Southern men have been trained from the cradle to regard as a smaller evil than degradation and dishonor. Death is a necessary ill — dishonor and degradation are not. Death must, sooner or later, come to us all, either in the lingering agonies of disease, or by the sharp surgery of the sword; but death, in any form, is preferable to a life of subjection and shame. If our whole race must perish, we shall all escape the keenest pang which death inflicts — the grief of those who are bereaved; if our children survive, they will survive to avenge our wrongs. But we tell those braggarts that, before their infernal purposes are achieved, every hearthstone in their own land will be made to ring with the cry of desolation. Their explosions of furious passion are not the explosions of true courage. Any coward can talk, and fume, and threaten, and, at a safe distance, can surpass the world in fuming and hectoring. Grerley, now the acknowledged leader of the Northern crusade, is, personally, the most pusillanimous of men, unless Bennety, of the Herald, be an exception; and Webb is more contemptible than both, because he professes to be a fighting man, and ran away from Washington at the sight of Duff Green's pistol.--New York is the greatest generator of gas on the continent. It sent a fleet to attack Charleston, but the fleet dared not land. It caused the telegraph throughout the land to resound with the news that Stuart, the dry goods man, had given a million of dollars to the war, Wm. B. Astor four millions, &c., &c. It now turns out that the grand total of the immense sums poured forth by Lincoln's millionaires for the support of the invasion, is $87,790. Forced loans will have to come, and the Northern financiers bleed at every vein and artery, before the invasion will be fairly begun. It will be a longer war than the Revolution, a war for which there was no such provocation as that which the South has received from the North, and in which our people were distracted by divisions which do not now exist. The strength of the North will be exerted at the onset, whilst that of the South, slowly developed, will increase in power, persistency and aggressiveness, as the war proceeds. When the North has succeeded in ridding its great cities of its superabundant pauper population, and it becomes necessary for its industrial and producing classes to march from their homes, we shall see no such excitement as that which is now raging among their people. It will be only then that the South will be fully warmed up to her work, and thoroughly organized in every section, we shall not only be able to defend ourselves, but to strike at the fertile fields and the populous cities which are now threatening us with universal destruction for no other crime than desiring to separate peaceably from a Union which has been converted from a Union of free and independent States into an irresponsible and bloody despotism.

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