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The first sign of "Caving In" by the Yankee Congress.

The news brought to this city by the Baltimore papers of the 5th, contain the proceedings of the House of Representatives of the Yankee Congress of the 4th inst, in which appears the first sign of caving in by that body. "A bill guaranteeing Republican Government to the Rebellious States," was on motion of Mr. Henry Winter Davis, of Md., so amended as to require a majority of the voters of a seceded State, instead of "one-tenth," as in the original bill, to reorganize a State Government — and so as to allow those who have held "merely instrumental offices under the Rebel Government, and those who have held inferior military offices in the rebel army, to participate in, and hold office under the reconstructed Government." After thus amending the bill, it appear that a ruthless preamble proposed by Stevens, of Pennsylvania, was rejected — This preamble declare "that the so-called Confederate States are a public enemy, waging an unjust war, in which they are not entitled to the privileges and immunities of civilized warfare." After repudiating this sweeping preamble, the bill passed, 78 to 59.

This action of the Yankee Congress is the first sign of concession from the unsparing policy which has heretofore marked its measures. But this we conjecture is partly the result of the feud which has arisen between the Lincolnites and the other partisans of the Black Republican organization. Lincoln has been essaying to bring; several States, occupied by his troops, into the Union, with a view of getting their votes for himself as President; and his orders on the subject to his military representatives, provided that one-tenth of the voters of any State might proceed to re-organize the State Government, and bring it into the Union.--Anti Lincolnites have evidently determined to set their seal of condemnation upon this trick of Lincoln, and deprive him of any benefit to be derived from it. Of course the peace, or conservative party, aided them in their opposition, and they took no doubt an especial pleasure in voting down Stevens's preamble. It was quite an advantage gained to them.

Winter Davis is one of the most relentless enemies of the South, and could hardly be animated by any sudden clemency towards us. At most, he may have availed himself of the reverses sustained by the Federalists to make this successful move against Lincoln, whom he is opposing with bitterness.

A few months ago Steven's preamble would have reflected the policy, as we doubt not it now reflects the sentiments, of the majority of the Federal Congress. Davis and his confreres would utterly annihilate the South if they could. But as they desire power, offices, and patronage, they hesitate not to take advantage of the embarrassments and military disasters of their own Government to advance their own party interests !

These discords are encouraging to us, the more especially as we know that they are chiefly strengthened by the invincible courage and unflagging resistance of the South. Yet we had rather their feuds would not lead to the exhibition of Clemency towards us. Let them continue their barbarous policy — their "unconditional surrender" ultimatum. We assure them we are no better than we have been — that we hate them as much as ever — and infinitely prefer their hostility to their forgiveness, and the invasion of their armies to that of their traders, politicians, and philanthropists. In short, we are so obdurate that we prefer anything to a reunion with them and submission to their Government.

Yet, let us not be too much concerned about this bill. It may contain all that could be desired, such as confiscation, the appropriation of all Southern property to pay the war debt, and imposing the most humiliating regulations on our people. The Yankees, however they may quarrel, when it comes to stealing and plundering, could hardly deny themselves. Indeed, they may allow us some little semblances of freedom, of one kind and another; but as to our property, it will go hard when it comes to the point that they must give up that. As long as they can they must take that. Their Christian feelings will not allow them to forego the opportunity of directing our aspirations to Heaven, by diminishing the ties that bled us to Earth!

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