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outhern people will no longer see by night and by day. The British government is determined to take no part in the contest. Now that there is no chance of English interference, another illusion should be dispelled. We republish the speech of Dr. Olds of Ohio, as a part of the history of these remarkable times. Our people are disposed to rely too much on the prospect of a grand smash of the Union of Yankeeland. Such men as Vallandigham and Dr. Olds are, perhaps, like Burns, dropped in the wDr. Olds are, perhaps, like Burns, dropped in the wrong country, but they are not exponents of Yankee sentiment. There is no safety in any thing short of the bayonet. Hope of something turning up, of the gradual omnipotence of a peace party, of the West separating from the East, of a resistance to the onerous taxation of the Lincoln Government, have too long deluded the public mind of the South. All such hopes are fallacious. The sober mind at last turns back to the bayonet as the only peace-maker. The North is a unit, and has been a un