The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1861-08-29

Of nearly all the Federal troops stationed
there was about to expire Gully 20 which
would leave the place comparatively defenseless.
Thus it Will De seen that the city of Washington
i in a. great danger now ~ at any time since
the rebellion commenced.
In another way. the Rebels have gained
ground-in the success of their privateering.
From a statement in the New York papers, We
sec that No less than sultan sfsqa p]rirat,.yS are
cruising. five Of which register over 200 tons
each. OF course these vessels are fleet. and
armed TO the teeth with riled guns Of the longest
range, with which no ordinary guns can cope.
The consequence Is, every vessel they meet sur
renders. Practically. and 10 all intents and
purposes, they are cun-boats. as effective u
those of the same class in the L. :. Navy. The
privateer SlDuyfsr, should she fall in with
the Keystone STATE. which is now serving to con-
yoy the California steamers on the Atlantic side.
will probably prove a match for her. and we
must not be surprised To hear that one of the
California steamers has vet succumJed TO "a fleet
Of these steam Eriyateers. At least the opinion
prevails in New York that such a thing mav
happen, and insurance risks have again risen TO
Jonr per cent.
Thus have the Southern Rebels, instead of
losing, rather gGined ground up to the last
adviccS, and who knows but that they may con-
tiuUe 70 gain ground, till the North is willing to
listen to some terms Of compromise. however
harshly they may CRATE on her ears. 1t is stated
in the New York papers that just before the
meeting Of Congress, proposals for compromise
and peace were rendered by the Rebels, r. NJ. T.
Hunter. of Virginia, having been one Of the
Commissioners. The following is reported rs
the substance Of the proposals;
l. That the independence of the seeding States be
admitted and recognized; or
III. That the United States give a perfect constitu-
tiOnal guaranty for the maintenance and perpetual
ton Of Slavery in all the present and future Terrific
RES south Of the parallel of SO deg. 80 min. north
latitude; tnat a complete amnesty for every offence
connected with the rebellion be agreed upon, with u
guaranty 10 every former citizen Of all rights Of
citizenship, including the right to hold Office, and to
every mi itary and naval officer of his appropriate
rank i'll the service. On the basis of these guaran-
ties the ~insurgent States will lay down their arms
and return into the Union. They prefer separation
and Independence, but they will put up with this
compromise.
Here is another version Of the same proposals
First, That the United States Internationally re-
cognize the existence Of the Southern Confederacy,
and that the latter be permitted for 4 term of one,
two or three years, TO carry on their government as
an experiment. That the expenses Of the war, thus
lar incurred, be equltaUIy arranged between the two
sections, and that each 60 its best for the maintenance
Of friendly feeling and intercourse between the two
peoples. And that if. At the expiration Of the time
agreed upon, II be found that the experiment cannot
succeed, u commission be appointed TO reconstruct u
Union.
This proposition was peremptory rejected. Where
upon they put forth another, Us follows:
Second, The South will be content if the govern
m,nt will pledge itself TO pass. ut the coming session
of Congress. an irrepealable constitutional provision
recognizing and legalizing forever the institution of
slavery below t~hirty-six thirty, which Is the southern
boundary line OF the State OF Missouri. This done,
the Southern Provisional Government pledges itself
instantly to abandon the war. and to re establish
peace and the most cordial relationship, so far as It's
section Il concerned; to redirect the course of trade
into its accustomed channels. and in every way re-
store the happy days Of cur foreiathers.
These overtures were evidently made for the
purpose of being laid before Congress. The
President promptly rejected them, though it is
SAID that Secretary Seward rather favored the
second proposal, and certainly there is nothing
in the last rcrsioH of it that any conservative
man ought to oppose OF reject, if made on the
part Of the South in good faith. The North
may vet be glad 70 close in with these terms, or
even with others less favorable. Now that the
South stand as the yictors. they may not be
willing to renew 50 favorable tenders until the
has shown beyond 4 question that she
holds the balance of power on her side.
We have thus given an outline of the position
Of the rebellion and political aiairs AZ the latest
ldvices, rs our readers will find it difficult, from
the mcagrc telegraph reports, to learn the exact
state of things. The war may continue an in
definite period, and become a long and bloody
contest, but we incline To the belief that both
parties in the contest Will be willing to come to
.Ome terms Of compromise before six months
have passed by, and that the North and South
Yet settle down in peace and harmony, on
of mutual concession, ,rhca they come to
rightly understand zach other, and have had
enough of b~rotherly quarreling and fighting
and that the Union will yet be preserved, and its
proud flag be restored To float, not by conquest,
out by the bonds of loyalty, over every State and
.ortreSs in the Union. The tone of public senti-
in the States, as we view it, indicates such
result as not unlikely to be brought about at
10 distant day, but probably not till after some
'urther fighting is had.
The following, which we copy from the New
fork Erening Post, is probably n more reliable
tatement of tho position of affairs at the South
han any vet published, and will serve to give
,ur readers correct ideas on the subject. 1t fur
the key why the proposals Of peace were
TO Washington
The RcaI Condition ofihc South.
A gentleman, whose honorable name, for various
easons affecting himself and many friends IN the
iulf States, must be suppressed, has Just arrived in
city. where he Is receiving medical treatment for
malady, the result of sixteen years continuous bus
ness in the South. During al Interesting interview
nth him yesterday, we learned some very curious
in regard 10 the present condition Of affairs at
South. On his way North by a somewhat circui-
80 Int. uhf.h lvr1rhr him In .ufsvf11. Ken
ucky, he passed through the principal camps OF the
ebels. The men were not in good condition, were badly
rmed. and most of them with indifferent muskets or
hot guns. They had received little or no pay, and
under no discipline. When he lett New Orleans
very family that could get away was leaving the
lace, for two reasons. one that the people there ex-