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Will they dare?

--There is no doubt that the privateer Savannah has been captured.--Her crew, numbering thirty-five, were put in irons on board the Minnesota. It is of the almost importance for the Confederate authorities to ascertain the rate of these men. Abraham Lincoln has threatened to treat privateers as pirates and hang all who may be taken prisoners. We shall soon know whether this truculent menace was merely a rhetorical flourish, or whether the despot at Washington really contemplates so stupendous an atrocity. Our course will necessarily depend on his. If Lincoln ventures to commit murder on the persons of any of our privateers, the Confederates hold several hundred prisoners of war, who, however innocent, will be compelled to suffer the inexorable law of retaliation. But we do not believe that the Lincoln Government will have the audacity to carry their threats into execution. N. O. Bee.

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