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The Louisville Journal.

A friend has handed us a copy of the Louisville Journal, of the 25th of May. It is amusing to glance at that paper in its embarrassing position of sustaining the war and remonstrating against its Abolition excesses at the same time. Utterly unprincipled, it yet cannot altogether desert Kentucky. The copy before us takes Burnside to task for misdirecting the extension of the railroad to East Tennessee, recommended by Lincoln, and which, it appears, he is working at, notwithstanding Congress would give no money for it. The Journal thinks Burnside is deflecting it too far east of Danville, and urges its extension direct to Clinton, on Clinch river, and so on to Knoxville. It urges its immediate progress (with contraband labor) not only as a military necessity during the war, but after the war, as an avenue for the "products of the West and Northwest" to "Southern markets," and also "a bond of future fraternity," and as a mediator "between brethren now estranged!" Bah!

The following paragraph in the editoria column of the Journal stands like a fish out of water amidst the praises of the Government and bragging notices of Grant's reported victories:

"The following paragraph, from the Providence Post, is making the circuit of the press:

‘ "The President, we are privately assured, has pledged himself within two weeks to return to the conservative policy, and prosecute the war upon war, and not upon 'nigger, ' principles. He must do so very soon, or the nation is lost."

’ "To many persons, doubtless, as the Boston Courier says, the statement will seem incredible; but in the eye of reason nothing would appear more likely. If Mr. Lincoln has not learned by the misfortunes and miseries of the two past years the folly of the policy forced upon him, he is incapable of learning anything. Let us trust that the sad experiences which we have encountered are about to prove the foundation for wiser and more salutary counsels."

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