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nts. We trust that this loan will be liberally encouraged by the people of the South. The success of the loan would itself contribute a moral force to our Government equivalent to a dozen great victories. Nothing contributed more to fixing Louis Napoleon firmly in his imperial seat than the enthusiasm with which the French people subscribed to his loans. Since the result of the first loan was proclaimed, the imperial throne of Napoleon has been the staunchest and firmest of all the thrones oNapoleon has been the staunchest and firmest of all the thrones of Europe, though some of them have existed by a prescriptive right of centuries. The moral power which the prompt taking of the loan would give would be great; but the material I power would be greater. What if it were known abroad that the Confederate Government owned and held a million bales of cotton? That this large wealth should have been voluntarily donated by its own people, would be worth much to the cause; but the possession of fifty millions of dollars of a cash staple, which Eu
Algerian Zouave is the farthest possible remove from the stiff, booted, belted, pilloried grenadier of the great Prussian martinet.--Frederick was a remorseless Procrustes in this matter of uniformity. He not only enforced absolute uniformity in the habiliments of his men, but he attempted as far as possible to coerce nature by reducing their bodies to fit the same arbitrary mould. He left an afflicting legacy in these respects to military science in Europe, from which the great genius of Napoleon succeeded in achieving only a partial emancipation. The burning sun and sands of Algeria wrought an innovation on this subject, which it would have cost a General his epaulets or a Prince his crown to have instituted. The most intractable, dogmatical, ferocious foe to innovation is your veteran officer of the regular service. He would rather receive a bullet than a new idea into his brain. To talk to him of a new mode of contributing to the soldiers' comfort is as bad as intermeddling i
hearing. The gallant French, our ancient allies and friends, are beginning to show that they also comprehend the South's situation. Like the London Times, the leading Paris journal has found out that the Union was a voluntary Confederacy of sovereign States. In reply to the Opinione Nationale, which has been led astray by the Northern journals, all of whom look upon the United States as a consolidated Government, we have the Pays, a semi-official paper, said to be under the control of Louis Napoleon's most confidential writer, the alleged author of the pamphlets which the Emperor puts forth occasionally to feel the pulse of Europe. The Pays instructs the Opinione Nationale that the Federal Government is merely a common arrangement of independent sovereignties, with delegated and limited powers. We annex some extracts: The Opinion Nationale should recall to mind the words of Lord Chatham during the War of Independence. "When, with one common accord, all classes of societ