The New York herald., 1862-01-12

against Southern society a . disaster even for the
Northern States Not only II the South an exosent mar
ket for Northern manufactures not only does IL supply
the North with cotton, which the latter needs much
as any other civilized country; not only would the con-
sparssy inhabited territories of the South be military
impossbiity but the violent and radical destruction Of
Southern society slavery and all would throw back the
ture prospects for indefinite period But cautiously
- the government at Washington has hitherto RETAINED
from making tho emancipation Of the negro the battle
cry OF the present strugge the war should continue
they would gradually be forced by the pressure Of cir
cumstances resort this extremity. In the eyes
OF Mr.. Seward and those who share his opinions this
would be equivalent to suicide Of the Union.
We should never forget that 1t not abolitionism
that caused the defeat Of the democratic or Southern
party at the last Presidential election, but the deermi
nation Of North shake of forever the yoke OF that
impsrous faction We should recolect, moreover, that
the war has only broken out tho South
to submit even transenty, to tho rsIs Of Northern
party.
To adjust the difficulty between North and South
there only three courses open-either TO allow
tho South to. separate peaceably, or to resign to
concede all the rights she expected acquire
by it. The second expedent Seward cannot possibly
have In view Whether he aims at recognition OF the
Southern confederacy, at compromise, which would
enable the South TO reenter the Union, do not pre-
tend to divine During the present state Of
at the North however 1t would bo useless to
either of these To merge the animosy against
the South in tho still violent hatred Of England is
Of antiquity 1t would be excusable il it were the only
means left in democratic community to divert the
OF popular passion from rock which they are
about to wreck the country.
Let us cast q rapid glance at tho second actor. II
would be master stroke II Napoleon Ill., by pretending
to favor the South should have seduced England into an
tcipating him, she did in Italy. In that event he
would not offer to mediate between England and America
but between the government at Washington and the
Southern confederacy his and Sewards efforts should
succeed in eiecting compromise, France would have
saved the Union second time, the renown Of Lafayette
would be eclpsed and close alliance formed between the
Tuieres and the White House, and England exposed 10
crushing humiliation
But Seward and Napoleon pitted against another
in political intrigue. 1t remains to be seen
what cards he will play out Lord Pamerston
will seek and perhaps find his allies in the frenZied amb
tion Of the Southern statesmen He succeed in OBJ
structing compromise between the North and SOUTH
and thus prevent the restoration Of the Union Then
England will apparently have easy task, il she COM
a with the North But then we may see the
naval power Of France coming to the assistance Of the
Stars and Stripes against the British fleet and then the
struggle will proportions which set all further
calculations at defiance.
This last passage deserves particular notice, as it
comedies with thu change recently observed in the
tone assumed by tho French press in discuss
ing the Anglo American question. Your Paris cor
respondent has probably already mentioned an
article the Oinion Nationa saying that would be
absolute madness for France to allow the American navy
her natural TO be destroyed by the British her natu-
raj enemy 1t can hardly be supposed that so evident
truth have escaped tho observation Of Louis Napo
leon.