The New York herald., 1862-03-27
Jefr. Davis inaugural In England.
TFroru the 1, ,NndoD Post March IA /


Tho inaugural address of President Davis bespeaks
confidence Of ultimate ccess on the part OF the 60
vernment of the Confederate states whic does not ap
pear misplaced. If OF late the tide OF fortune has ss in
against their the fed they have also their vico
ries 70 boast o. The Confsde to States occupy today
guins Of the could hardly have Anticipated at the
outbreak Of the civil war.
whether or not the Easlsh Foreign
secretary was right when lac spoke Of the present con
ct Id America struggle for empire on the part OF the
North, and for Independence the part Of the Souh
rightly wrongly the Southern States have conceived
TO have been msg0verned by what President
Davis terms Ga sectional majority " and that their ints
rests were sacrificed to tho aggrandizsment Of others
They have wled TO have special government OF their
own and TO effect that object they content to make
great sacrifices. Hence the compacency with which the
Chief Of the Southern Executive looks on the pocunary
difficulties Of his state and consoles his fellow citizens
for tho burdens they will be eaed upon TO bear with the
reflection that nothing could be so bad failure, and
any sacrifice would be cheap the price Of success in
such contest" To the President IL Ia also source Of
salts that the war has been carried by the
unaided exsrton OF the inhabitants Of tho Southern
States. 1t might perhaps equally be said that in the
Northern States the war was maintained at the sole ex
ponse OF the citizens thare without the aid OF foreign
loans. And this s undoubtedly true though for differ
ent reason. The Northern States would gladly avail
themselves Of the assistance Of foreign capitalists, but
unucly for them they have not been able to inspire
confidence abroad Tho government creditors are excu
sivey American ctzens some OF them voluntary-that
Is to say those who have joined in the oans-othsrs In
vountgry-nameiy those who are, and as the war pro-
crosses will be compelled to accept government paper
In tne SOutn on the contrary the
regarded voluntary creditors They engaged in
commcn cause where "nohng be so bad as failure
and any sacrifice will be cheap the price of success
When President Davis accuses tho government OF the
United states OF the commission OF every species OF po
litical offence, must be recoltecd that he is speaking g
gopfnment,oL ,ohich he's at In like manner,
TO the of self audaton in which he speaks OF tho
liberty with which political functions have been exer-
cscd in the Southern states during the uneQua srug
gle, considerable latitude must be allowed Itnosds
no extraordinary conversance with tho social
habits Of the SOuthsrners to understand that there
was no necessity for government interference TO
prevent the expression OF opinions hostile to the
cause cause Of the sssessionsss TIE personal liberty
the press' were, doubt, LETT totally unimpaired
by act of the government, very probably because
the guarantees Afforded that they would DO abused to
the prejudice Of the infant State considered all
sufficient. Still however. It must be recorded in praise
OIL the provisional government which has now been sue
ceeded by permanent one, that during its onure OF
mono Of those violent had recourse
70 which froquenty proceed from governments which
are tho offspring Of revolution.
Tho prospect which the newly elected President has
drawn OF tho future is cheerful enough If We in
clned to attach any weight TO abstract arguments nd
cative Of what must be the policy OF newy organized
fortunately constituted with respect its foreign and do
mestc relations On the hand its strength will pro.
tect from aggression from without and the bond Of
voluntary association. by which alone the separate
States Eed together Will protect il from the dangers
Of civil This principle Of voluntary association It
necessary that tho Southern oonfcderacy should
avow since, in accordance with il, secession from the
Union could alone be justified. The commercial interests
world the strongest guarantees that Its policy will be
peaceful. VIXEN foreign nations recoynis. the indepes-
dence Of The SOuh, and When the North becomes sensible
Of the folly Of any longer proecMg tho ,cGr, then, but
truth OF tho predictions confidently uttered by
President Davis.