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s another reason which he has neglected to give, and which, nevertheless, deserves to be made public. If we are well informed — and we believe that we are — Lincoln had pledged himself to deliver the tobacco of Virginia to the French Government by the 1st of August on this condition, the French Government had authorized its aerminating the Confederate army, Scott hoped to enter Richmond in triumph on the 22d; and the tobacco could then have been delivered at the date agreed upon. But Lincoln, who has probably not read Lafontaine, had sold the bear skin before killing the bear. The question now is to know how the French Government will take the hazardous joke. It is with the same arrogance that Lincoln has promised the European powers to deliver to them the cotton of the South in the middle of October. We shall now see if these gentlemen of the North will come for it." When it is remembered that tobacco is an important Government monopoly in France, from which the Em
r future operations in the Atlantic Cotton States? It would have been impossible to have prevented him from accomplishing that object in some other place even if he had failed at Hatteras. We cannot prevent him from landing an army. The only thing we can do is to beat such army after it shall have been landed. Is there any doubt about our doing this? We conceive that there is none whatever. If the volunteers of North Carolina, Tennessee and South Carolina, cannot beat such a rabble as Lincoln will be able to send against them, then history is a liar, and experience the most palpable of imposters. In the meantime, we feel convinced that it is the intention of the enemy to constitute Hatteras a base of operations, for invading South Carolina and Georgia. The New York Herald has been hinting at some such scheme for several weeks past, and we regard this as the first move in the game. This invasion will have a beneficial effect in one respect. It will rouse all the States to
error to foes for all time to come. 5th. It will beget peace with less actual conflict in arms, as no sooner than the next presidential campaign opens at the North two parties will arise to crush each other — the Democratic or Peace party, and Lincoln's or the Abolition party. It need surprise no one if this precious conflict opens with such men as ex-President Pierce and Vallandigham, on one side, for peace and recognition; and on the other, Lincoln, or McClellan, or Seward, with some deep-Lincoln, or McClellan, or Seward, with some deep-dyed individual as Vice President. Already a peace party is forming there, and if the campaign was nearer we should have but little to do South but to keep our army in the field and await the natural result of party spirit. 6th. Every one knows the quick subsidence of any feeling among the Northern people, especially in the large cities. They must have novelty upon novelty. The war has already been a long war with them. Hence the first volunteers are escaping homeward We may expect that t