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The 4th of November.

Two years ago yesterday occurred the election of the man who was chosen to the Presidency of the United States, by a sectional vote, and who has ruled over the section by which he was chosen, but has not been able to extend his dominion over the States which disowned his authority. In these two years have been crowded events which make them more than equal to a century of common life. The progress of the United States in population, wealth, and power, was often and justly boasted of in former days as the most rapid and wonderful in history. In the lifetime of a man it sprang to the front rank of the nations of the earth; but in less than the weaning time of a child it came to its end. Its descent was far more sudden and startling than its rise. If it ‘"went up like the rocket, it came down like the stick."’ If it exceeded all other nations in the quickness of its growth, none have equalled it in the suddenness of its downfall. If it began with George Washington, it ended with Abraham Lincoln.

Let us see what Abraham Lincoln has done for the United States, and what he will do with fore he returns to his native obscurity in Springfield. He has completely revolutionized its Constitution, and blotted out every vestige of freedom in what are called per excellence the free States.--He has established on the ruins of the great Republic a despotism only equalled — if that equals it — by the inexorable despotism of Russia. He has crowded dungeons with political prisoners. and accumulated a national debt of over a thousand millions. He has sent two hundred thousand of his miserable dupes to bloody graves in a land he has vainly sought to subjugate. He has made the American name a hissing bye word throughout the earth. He has now resolved to extend martial law over all the North to obliterate all traces of State in dependence, and to establish one consolidated Government for the North during the remainder of the war. All this he has done in two short years and let us see what more he proposes to do.

We will assume that he can carry out his abolition and extermination programme, although no one on the face of the earth but his own deluded subjects believes it practicable. What then? What will Abraham Lincoln have then accomplished for the United States? Before his object can be accomplished the proprietors of the Southern soil must be annihilated, and with them the intelligence and skill which have guided Southern labor, and made the Southern soil the garden of the earth.--It was the productions of the South which mainly supported the Government, and which gave the North its preponderating wealth and power. The gigantic efforts which the United States have made for the restoration of the South are the best evidence of the estimate which it puts upon the money value of the Southern States. That value, however, has been derived from the peculiar labor which Lincoln has determined to destroy, and without which, as all experience proves, it is impossible to cultivate Southern soil. The example of St. Domingo proves that the most fertile spot of the earth can be converted into a wilderness by precisely that process which Lincoln proposes to apply to the Southern Confederacy. What, then, would be the value of the South to the United States? What would become of the cotton, tobacco, and rice? And without them, what would be the fate of Northern commerce and manufactures and revenues? The more complete its victory over the South, the more thorough and remediless would be its own rain. England alone, if she could raise a sufficient cotton supply in her possessions, would be the gainer, but the United States would be hopelessly bankrupt, with all the sources of her wealth destroyed, and no possibility of future recuperation. The South would fall like the strong man in the temple, dragging down the Philistines with him. But, happily, no such fate is in reserve for the South. The just God, who rules in the armies of heaven and among the inhabitants of earth, and who has hitherto baffled the devices of our enemies, will continue to aid us in our struggle for independence of the most corrupt and wicked despotism of modern, times. Whatever the event of the war, the United States have fallen forever and on every pillar of that grand Republican edifice, which once challenged the admiration of the world, is written.

‘"The glory has departed."’

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