The Sun.
London, England, 1864-08-03 00:00:00

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THE SUN, LONDON, WEDNESDAY EVENING, AUGUST 3, 1864.

Now ready at all the Libraries, in 3 Tole.,
SYBILL A LOCKWOOD.
By NOELL RADECLIFFE,
Author of "Alice Wentworth," " Wheel within Wheel," &c.
" This book is cleverly written, and the characters are well
discriminated."—Sun.

THE AMERICAN PEACE PROPOSALS,

The following is the text of the correspondence
respecting the peace proposals exchanged between
the semi-official Confederate Commissioners and
President Lincoln, a summary of which has already
been received by telegraph :

"A grateful contribution to the be t class of the fictitious
literature of the day."— Messenger.
Hurst and Blackett, 13, Great Marlborough street.

Clifton House, July 12.

Dar Sir,—l am authorised to say that the Hon.
CLeient Clay, of Alabama; Professor J. B. Hol-
comb, of Virginia; and G. N. Saunders, of Dixie,
are ready and willing to go at once to Washington
upon complete and unqualified protection being
given by the President or Secretary of War. Let
the permission include the three names and one
other.—Yours respectfully,
(Signed) GEO. N. SAUNDERS.
To Hon. H. Greeley.

Niagara Falls, July 17.

Gentlemen,—l am informed that you are duly
accredited from Richmond as the bearers of propo-
,itions looking to the establishment of peace; that
you desire to visit Washington in fulfilment of your
mission, and that yon further desire that G. N.
Saunders shall accompany you. If my information
be thus far substantially correct, I am authorised by
the President of the United States to tender you
his safe conduct on the journey proposed, and to
:•.ecompany you at the earliest time that will be
agreeable to you.—l have the honour to be, gentles
men, yours truly,
(Signed) H. GREELEY.
To Messrs. C. C. Clay, S. Thomson,
_ _

and J. B. Holcomb.

Niagara Falls, July 18.
Gentlemen,.-4 have the honour to acknowledge
the receipt of yours of this date by the hand of W.
C. Jo'Nett, the statement of facts therein presented
being materially different from that which was
understood to exist by the President, when he en-
trusted me with the safe conduct required. It
seems to me on every account advisable that I
should communicate with him by telegraph, and
solicit fresh instructioas, which I shall at once
proceed to do. I hope to be able to transmit the
result this p.m.; at all events I shall do so at the
earliest moment.

(Signed) H. GREELEY.
To C. C. Clay and J. B. Holcomb.

Niagara Falls, duly 18.
Sir,--We have the honour to acknowledge your
favour of the 17th inst., which would have been
answered yesterday but for the absence of Mr Clay.
The safe conduct of the President of the United
States has been tendered, as we regret to state,
under some misapprehension of facts. We have
not been accredited to him from Richmond as the
bearers of propositions looking to the establishment
of peace. We are, however, in confidential employ.
went of our Government, and entirely familiar
with its wishes and opinions on that subject ; and
we feel authorised to declare that, if the circum.
stance disclosed in this correspondence were com-
municated to Richmond, we would be at once in-
vested with the authority to which your letter
refers; or other geotlemen,clothed with full powers,
would be immediately sent to Washington, with
the view of hastening a consummation so much to
be desired, and terminating, at the earliest possible
moment, the calamities of war. We respectfully
solicit, through your intervention, a safe conduct
to Washington, and thence by any route which may
be designated, through your lines to Richmond. We
would be gratified if Mr Saunders was embraced in
this privilege. Permit us, in conclusion, to acknow-
ledge our obligations to you for the interest you
have manifested in the furtherance of our wishes,
and to express the hope that in any event you will
afford us the opportunity of tendering them in
person before you leave the Falls.

C. C. CLAY and J. B. HOLCOMB.

Niagara Falls, July 19.

Gentlemen,—At a late hour last evening, and too
late for communication with you, I received a de.
spatch informing me that the instructions loft
Washington last evening, which must reach me, if
there be no interruption, at noon to-morrow.
Should you decide to await the arrival, I feel con-
fident that they will enable me to answer definitely
your note of yesterday. Regretting a delay which
I am sure you will regard unavoidable on my part,
(Signed) H. GREELEY.
To C. C. Clay and J. B. Holcomb.

Executive Mansion, Washington, July 18.

To whom it may concern : Any proposition which
embraces the restoration of peace, the integrity of
the whole Union, and the abandonment of slavery,
and which could, by and with an authority that can
control the armies now at war against the United
States, will be received and considered by the Exe-
cutive Government of the United States, and will
be met by liberal terms on substantial and colla-
teral points, and the bearer or bearers thereof shall
have safe conduct both ways.
(Signed) ABRAHAM LINCOLN,
President of the United States.

The following is a copy of the original letter held
by me to be delivered to Horace Greeley, which de-
patch I now forward to the Associated Press.
(Signed) W. C. JEWETT.
Clifton House, July 21.

Sir,—The paper handed to Mr Holcomb yester-
day, in your presence, by Major Hay, as to the
application in our note of the 18th inst., is couched
in the following terms—The application to which
we refer was decided by your letter of the 17th
inst., in which you inform Mr Thomson and our-
selves that you were authorised by the President of
the United States to give us safe conduct, on the
hypothesis that we are duly accredited from Rich•
mond as bearers of propositions looking to the esta-
blishment of peace, and desired to visit Washington
in the fulfilment of this mission. This assertion, to
which we gave and still do entire credence, was ac-
cepted by us as the evidence of an expected but most
gratifying change in the policy of the President, a
change which we felt authorised to hope might
terminate in'the conclusion of a peace mutually just,
honourable, and advantageous to the North and to
the South, exacting no condition but that we should
b.. acredited from Richmond as bearers of proposis
tions looking to the establishment of peace, thus
proffering a basis for a conference as we could de-
sire. It seemed to us that the President opened a
door which had previously been closed against the
Confederate States, for full interchange of senti-
meuts, free discussion of conflicting opinions, and
i untrammelled efforts to remove all causes of con-
troversy by liberal negotiations. We, indeed, could
not claim the benefit of a safe conduct which had
been extended to us in a character we had no right
to assume, and had never affected to possess, but the
uniform declaration of our Executive and Congress,
and their thrice-repeated, and as often repulsed,
at:empts to open negotiations furnished a sufficient
p _edge that this considerate manifestation on thepart
of the President of the United States would be met
I by them in temper of equal magnanimity. We had
therefore no hesitation in declaring that if this cor-
respondence was communicated to the President of
the Confederate States, he would probably embrace
the opportunity presented for seeking a peaceful
solution of this unhappy strife. We feel confident
you must share our profound regret that the spirit
which dictated the first step towards peace hart not
continued to anim ate the councils of your President.
Had the represeintatives of the two Governments
met to consider this question, the most momentous
ever submitted to hutnan statesmanship, in temper
of becoming moderation and equity, followed as their
delibetetiona would have been by the prayers and
benedictions of every patriot and Christian on the
habitable globe, who i s there so bold es to pronounce
that the frightful waste of individual happi-
ness and public pr osperity which is daily sad-