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But supposing all military difficulties surmounted and the South completely subdued, we can govern it only at the point of the bayonet unless we win back a majority of the people. A sullen and haughty obedience, extorted by military force, is not peace, for it permits no diminution of our armies; it is not a restoration of the Union, for the Union is a bond between co-equal States; it is not Republican Government, since it is the very essence of Republican Government that it emanates from the spontaneous will of the people, and is a submission to rulers which they have freely chosen. The steel blockade-runner "Colonel Lamb" started from Halifax on Monday for Wilmington. The Charlotte and Old Dominion were still there. The Nando had been captured off Wilmington. General Custer ("dear Fanny") in consideration of his distinguished services in the Shenandoah Valley, has been promoted by Lincoln to the rank of major-general of volunteers. Gold rose to 216½ on Monday.