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forces and the restoration of the national authority throughout all the States in the Union collaterally, and in subordination to the proposition which was thus announced.

The anti-slavery policy of the United States was reviewed in all its bearings, and the President announced that he must not be expected to depart from the positions he had heretofore assumed in his proclamation of emancipation and other documents, as these positions were reiterated in his annual message.

It was further declared by the President that the complete restoration of the national authority everywhere was an indispensable condition of any assent on our part to whatever form of peace might be proposed. The President assured the other party that while he must adhere to these positions he would be prepared, so far as power was lodged with the Executive, to exercise liberality. Its power, however, is limited by the Constitution, and when peace should be made Congress must necessarily act in regard to appropriations of money and to the admission of representatives from the insurrectionary States.

The Richmond party were then informed that Congress had on the 31st ultimo adopted, by a constitutional majority, a joint resolution submitting to the several States the proposition to abolish slavery throughout the Union, and that there is every reason to expect that it will soon be accepted by three-fourths of the States, so as to become a part of the national organic law.

The conference came to an end by mutual acquiescence, without producing an agreement of views upon the several matters discussed, or any of them. Nevertheless, it is perhaps of some importance that we have been able to submit our opinions and views directly to prominent insurgents, and to hear them in answer, in a courteous and not unfriendly manner.

I am, sir, your obedient servant,

Wm. H. Seward.

The reading of the correspondence in the Yankee Congress.

The reading of this message arrested the profound attention of the House and a large audience in the galleries. When the Clerk read that part of Mr. Lincoln's phraseology in which he uses the words "two countries," "one common country," etc., there were cries from the Republican members of "Good! good!" accompanied by applause. The instructions to Mr. Seward also elicited evidences of approbation.

Mr. Washburne, of Illinois, said he believed this message would meet with the cordial approbation of the entire people, and in view of its importance he moved that twenty thousand copies of the message he printed.

Mr. Brooks said he did not think the message would meet with the cordial approbation of the people. As he understood the document, and the report which comes to us from the rebel papers, two things are evident: First, that Mr. Lincoln demanded of the rebels unqualified submission; second, that the President would enter into no negotiations with either the rebel Government or any single rebel State. Mr. Lincoln is silent on this point; but it is positively asserted by Davis and the rebel agents. If the President had desired peace sincerely he should have brushed away the cobwebs, and come at once to the point with Stephens. As the matter now stands, the end must be by resort to the sword. He referred to the cheers of the soldiers when the peace commissioners passed through the lines as showing the spirit of the soldiers and the people in favor of peace. It required no inconsiderable courage on the part of Mr. Lincoln to throw off the importunate radicals here and meet the rebel agents; for this the President deserves credit, and he has my thanks for holding the conference. It was what I desired and asked of him in December last, but which was not received on the other side of the House with approbation. --But I regret that in this conference Mr. Lincoln did not act upon his own responsibility, and ask no other terms than submission to the Constitution. He should have availed himself of this opportunity. No Lincoln or Davis could now make peace with the turbulent elements now aroused — no peace-maker now but the sword. May God preserve us from this arbitrament; but it now seems there is no other. North Carolina and Georgia are in a condition to make peace if their sovereignty can be preserved. The elements of peace are also in Alabama. I regret that Mr. Lincoln has closed the door against these States. Mr. Brooks referred to the concessions once made successfully to South Carolina to avert civil war. Such are the precedents that should have governed Mr. Lincoln. The speaker was in favor of an armistice — some day or other this war must end, and prior to that there must be an armistice. He regretted that Mr. Lincoln had not availed himself of the opportunity recently offered, as he (Mr. Brooks) did not doubt that peace would have followed. If again the battle is waged there is no hope of peace short of subjugation of one or the other of the parties.

Mr. Stevens, of Pennsylvania: I can use no epithets sufficiently expressive of condemnation of such a speech. If the President had agreed upon an armistice upon the basis of a separation of States, he would have deserved to be impeached by this House and convicted by the other. For his (the speaker's) part he believed one or other of two alternatives must come — the rebels must lay down their arms or be exterminated. He did not believe that peace would be restored in six or twelve months--there would be war for a year or two. The conqueror must make terms. The South will be conquered, and slavery will not be allowed hereafter. Three-fourths of the States will ratify the amendment to the Constitution, and no State can then come back with slavery.

Mr. Cox (Democrat) of Ohio expressed his gratification that the negotiation had taken place, because he believed that if it was followed up it would end in peace and Union. He was sorry that the gentleman from Pennsylvania should have given emphasis to the remark that the rebels stood up simply upon their independence. General Grant, himself, says the intention of the commissioners was good, and that they had a desire to restore peace and Union. The thanks of the country were due to the President for drawing this out. If peace is not secured on that basis, the fault will be at the door of the radical pressure.


Gold was quoted in New York on the 11th at 207 1-2.

Senator Hicks, of Maryland, is reported dying.

Harry Gilmer has been sent to Fort Warren.

The inauguration ball at Washington is to take place on March 6th.

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