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The peace Democracy.

--A letter from a Southerner in New York says of the peace Democracy in that State:

‘ The probability of a reconstruction of a Union is still a fond hope among even the most forward of the advocates of peace. They cling to the idea with an earnestness that no protestations nor arguments of a Southern man can shake. They are willing to acknowledge the independence of the Confederate States, even to pay all the expenses the Southerners have incurred in defence of their liberties; but, I am told, we are all to live under one Government again, though that Government has its capital at Richmond, and is administered under the Constitution adopted at Montgomery.--The idea that the Potomac and Ohio can permanently divide us seems to these good people an absolute impossibility. The peace Democracy number amongst them many men of ability and prominence. Chief Justice Taney, ex-President Pierce, Mr. Vallandigham, ex-Gov. Seymour, of Connecticut; Charles O'Connor; ex-Senator Bright, of Indiana; ex-Senator Bayard, of Delaware; ex-Senator Pugh, of Ohio; Fernando Wood, Wm. B. Reed, of Pennsylvania; W. W. Eaton of Connecticut; Robert C. Winthrop, John McKeon, of New York, and Senator Wall, of New Jersey, may be mentioned. Among the so called War Democrats who doubtless prefer peace, though from motives of policy they sustain the war, are S. S. Cox, the leader of the Democrats in the United States House of Representatives; Senator Richardson, of Illinois; Gov. Seymour, of New York; Jas Brooks and Senator McDougall, of California. Two distinguished clergymen have stood by the South ever since the war began--Bishop Hopkins, of Vermont, and President Lord, of Dartmouth College. The States of New Jersey and Connecticut are supposed to be the abode of the largest number of "Copperheads"--as the peace men are called by their opponents. The county of Bergen, New Jersey, is so bitterly and so overwhelmingly opposed to the war that it is dubbed "Little South Carolina."

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