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dant supplies of food and means for carrying on war. 4th. It cultivates our military spirit, rendering our arms a terror 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-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