The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1862-07-02

have little to fear from numerical superinri.
" which their defensive position would
c0unterbalance. The recognition Of the
South By maritime power and an alliance
between the two, would at once destroy an
such hopes as the North can venture to en-.
tertain.
The alarms. therefore, of the Federals,
and the hopes Of the COnfederates, on the
score Of intervention, are equally natural.
One party has. all to lose. and the other all
TO gain, BY such contingency, and both IN.
derstahd their position. So hopeless. ~ this
respect, are the prospects Of The Narlh, that
when the New York papers found themselves
under the necessity OF accounting, IN some
agreeable way, for The visit Of W. Mercier to
Richmond, they could only suggest that be
lad gane % pursuade President Davis to
submit outright 10 President Lincoln.
With any purpose short Of this the mission
Of the French minister must needs have been
obnoxious in Federal eyes. An armistice
must place the Sputherners in immediate
possession of all they contend for, and would
not leave them, when II ended, more ready
to surrender than before. A compromise
must mean partition Of territory, more Or
less favorable to this side or that. A peace,
| if concluded al present. would probably i'm
| ply tile recognition Of Southern indepen-
dence. Thus the South has dozen strings
! to lis bow.
| II would gain immensely by recognition
or intervention, whatever f,,rm that interren-
ti0n topk. Il would gain by peace, by a
truce, by Transaction" or by conyen-
ton If any kind On the other hand, the
North would gain only by an event which no
power processing 10 mediate could hope to
hriHg about. anl which no European ab-
servers pretend 10 think probable--ihe IN.
conditional submission or total subjugaiiUn
Of the Confederate Ssates.
! The spectacle thus presented to Us may
| teach us some useful lessons as To the prac
ticability OF that system of arbitration which
has been recommended as SO infallible a spe-
cific against the outbreak Of all wars and the
necessity Of all armaments Here are two
sections of great people arrayed IN arms
against each other. ifeTer reasons could be
shown against fighting they could be shown
now, and in strength quite irresistible. The
belligerents have b-en citizens OF the same
Sts.sze~i ssa-s l--...'..s,..l - - : - -
ol lineage. language and institutions.
The .bonds Of commerce, which. II well
knit, must, we are told, always prevail a.
galnst war, existed between these to such an
extent as could never be realized between
independent States. The conflict llseli IS
so hopeless that peace ought 70 De more than
ever acceptable as an alternative. AMI yet
what. With al these usually favorable candl'
lions, is found to be the result : Why, that
arbitration could hardly be % much a. a.
tempted.
Al first i, was rejected with indignation
ana II Il should be accepted nov, twill onii
be because the combatsnts have learned
their relative positions by the sharp teach
Iincs Of war. The conclusion may be sat
me, but !, shows at any rate. that men may
!. still believe il the possibility OF war, am
make preparations 70 meet i. without mls
cunceising the spirit Of the age.