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Conflicting objects of the war.

It has already become apparent that there are two parties among our Northern enemies whose views and purposes in the present war are irreconcilably hostile. The one is the commercial, the other the abolition party.--Thus far it is evident that the commercial party, which does not propose to abolish black slavery, but simply to make Southern white men slaves to Northern commerce, is in the ascendant. It would be such obvious ruin to Northern commercial and manufacturing interests to abolish slavery in the South, that a Northern conquest of the South, followed by such a result, would be more disastrous than a total rout in a hundred pitched battles. Consequently, we see no evidences of an emancipation policy thus far, the only freedom hitherto given to the blacks consisting in making those they have seized work twice as hard for the invaders as they did for their masters. It is natural that the abolition party proper — which is insane enough to desire the abolition of slavery — should be disgusted with a war which has purely commercial objects, and we shall not be surprised to see English abolitionists open their eyes to this view of the case, and relax somewhat of their hostility to the favorable attitude which the English Government is inclined to assume in behalf of the South. Whenever Exeter Hall sees that, after ail, this is not an abolition war — that, in reality, it is only to compel the South to buy of the North instead of England — we shall see all parties in Great Britain becoming united against the monstrous despotism which, for the more gain of dollars and cents, is seeking to drench this once happy land with the blood of a brave and unoffending people.

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