Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1863-03-13
THE ONLY ROAD TO pEACE.

The London Inder, paper established to repre-
sent the and interests of the South in Europe,
points out the following the only road to peace
between the North and South -
Financial exhaustion will not end the war What
matters it whether the debt is double, or treble or
quadruple, what it now is, when with peace and
separation departs the only hope Of paying that
debt? The hope deferred may make the heart sick,
but the destruction of that last hope is DEATH
Whatever party or men may take possession OF the
Federal Government they cannot shake off the lega
cy of war to which they fall heirs Peace means
universal bankruptcy; the war can do worse.
Military failure cannot end the war. When the
last army of invasion is destroyed the" will still
have the power to block up the channels Of the
Southern harborS and to Tavage its coasts and
river banks, and so long it has the power will
exercise it. Military success cannot end the war,
because il is impossible for the ConfederateS to
conquer the North and to dictate terms of peace in
Philadelphia New York, as for the North to
dictate it at Richmond or Montgomery. When the
war shall lag from sheer physical Exhaustion of the
combatants, it will not then end predatory expo
ditons will take the place Of great campaigns but
the peace which is to restore commerce and revive
industry will be as far Off as ever. We have never
seen but one road to peace, and this one and only
road is to grant to the South its just rights-ad-
mission into the family Of nations.
Any country may reasonably hope to Quell an
Insurrection within its own dominions. while appaa
rently destitute of all support and countenance
abroad but 70 country not even the selfconfident
United States, can dream of conquering and subdu-
ing foreign nation with which all the powers, of
the civilized world have just concluded treaties Of
amty and commerce. When the South has thus
accomplished all that she batteG for, and all that
the North has striven to prevent then, and then
alone, comes the question home to government and
peeple-for what object and with what prospects do
we continue this war? Men foremost to urge the
jealous prosecution of the war will hasten to avail
themselves of the pretext thus afforded IN the hope
of escaping from the popular wrath which will as
surely overtake the authors and the instruments of
the mischief Capitalists will become frightened
and the fears that the day of settlement is approach
ing will hasten the crisis. The smallest holder of
rredeemable paper will be glad tn realize at any
sacrifice Confidence and credit thus rudely Sha-
ken, the Scamper to escape from under the falling
roof will rot rest there States will lie seized
with the panic, and separate treaties of peace will
detach one after another from the present Federal
compact to seek, as has Ominousiy been threatened
already, their "slfety inAew alliances" letter
from resident Of Phlade phia-a gentleman of high
position and who has filled an important post SQid
the political troubles that Immediately preceded the
war-wh ich We published in our impression, of the
Goth ultmo, predicts this the only possible ter
mination Of the war and the certain effect Of Eu-
ropean recognition, and he is supported in his views
by some Of the most sagscious men in both the Dem
ocratic and Republican parties. New Federal CON-
pacts WILL of course, be formed among the States
and at least three probably four, conederated re-
publics will divide the ample domain of the short
| lived and illstarred American Union.
But in whatever manner recognition produces
peace, the propostion.s undeniable that without it
| peace is impossible. North and South agree on this
noint. The delay of peace until May depriTes the
worlds commerce Of another years supply of cotton,
auo another year. war, without materially alter
ing the position of the begereuts, will reduce the
South 10 almost the same level of universal ruin as
the North, and impair her prodictiVs powers to an
extent which guarte-of q century may not re-
.'rieve For the misery and suffering thus caused,
2, gland cannot be held blameless in the light oil
hist Dry.
Wo MEN IN DEMAND.-Fifty damsels, sent from
IeIo had wal