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The Herald on the Signs of the times.

Under the above caption the New York Herald, of the 6th, has one of its characteristic articles on the present aspect of affairs at the North. If we can believe Bennett, a powerful reaction is taking place in Yankeedom on the subject of the war. At the present moment all looks confused because the public mind is in a transition state, but order will soon come out of the political chaos, "and the counter revolution will stand triumphant and acknowledged by all."

"The ball is fairly set in motion in this State," he goes on to proclaim, "and any violent opposition to it will only serve to demonstrate the impetus it has received. The peace men, being a majority of the Democratic party, will claim the right to shape its policy, and, for the sake of harmony, and in order to oust the Republicans from office, the minority will acquiesce, and the same will take place in every other State, for like causes will produce like effects, to say nothing of the influence of the Empire State. The platform of the Democracy in the Presidential campaign of 1864 will be peace; and, what is more, the candidate will be elected no matter who he is — the principle controlling all other considerations. The people have lost all faith in the efficiency of the war to restore the Union. They are preparing to try what virtue there is in peace. The new President, whatever might have been his opinions or antecedents, will, upon assuming office, be compelled to suspend the operations of the war, proclaim an armistice, and propose a Convention of all the States. State rights will be vindicated North and South, and the cause of strife and alienation — the slavery question — will be finally settled by a return to the principles on which the Government was founded, and the old fabric will be reconstructed as a white man's Government. Negro slavery will be established more firmly than it ever was before, and North as well as South the whole race will be enslaved or exterminated. All the trouble the country has seen has arisen from emancipation."

The Herald's scheme of reconstruction is of course one of those ad captandum appeals to the ignorance and national vanity of its patrons which no one knows better than the writer himself to be entirely out of the question. --But there may be something in his statement of a silent revolution going on in the popular mind on the subject of the war, the results of which time only and a succession of Federal disasters, can fully disclose. In the mean while let us devote our whole energies to a vigorous prosecution of the war, as the best means of bringing on that great Northern revolution which the Herald sees looking up in the future. A succession of disasters such as the Yankees have lately experienced, the expulsion of their armies from the Mississippi Valley, and the reoccupation by our troops of as much Southern territory as can conveniently be held, would place us at the beginning of winter in the most favorable position not only as regards neutrals, but also in relation to our enemies. An armistice and a peace can only come in the wake of victory, and to Southern bullets — not to Northern ballots — must we continue to look for the establishment of our independence and the vindication of our rights.

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