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The Perils of Peace.

--De Bow's November Review has an admirable article entitled the "Perils of Peace." The obvious danger of an immense Yankee immigration, which will abolitionism the border States at the ballot box, unless such restrictions are placed upon the exercise of suffrage, as will prevent them from ever having a vote, are painted in letters of light. We have often referred to this danger, as one which, if not provided against in time, will render all the blood and treasure expended in the war entirely profitless. The same writer also contends that, whilst our present foreign population, which has proved so gallant and faithful in the Southern cause, should retain the possession of every right which they now have, the same privilege should not be conferred upon future emigrants to this country. He also expresses the opinion that no European, and we may add, Northern citizen, now residing in the South, unless it be one who is still an alien in feeling, will condemn a feeling which does not deprive Northerners or foreigners now visiting here, of any right which they possess, but only proposes to exclude hereafter those who are now endeavoring to deprive every Southern man of his liberties.

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