The New York herald., 1863-01-28

ChamberS was expected this year with even than
referring 70 the American war; and from the proposals
made 70 England and Russia few weeks since there
or again counseng justice and moderation This expec
taton has been fulfilled The Emperor in his speech on
hSnS.y sansssd iaiy = the policy q DIouyn ds
resssU Ass sdHemR at msdiatton.
That the Emperor would retain his opinions on the sub
certain that no would explain decsely his Legsa
tre and ne ssorA tAas A plan Of ediatsm Mad not BEEN
he direo~ sndicdsd BY e despatch Of As Tson Tin;s
ter Again the Americans told In effect that the war
which the North wagng against the South will be with
out result; that tho country being exhausted In
test the owls Of which felt widely than those
any other Of the and as Europe cannot
day more and more. There can now be hardly doubt
that tho French Emperor will take every Wr0e
~ ~ ne .Ss nsy sS q Bringing as war 70 CLOSE
Dayton has already heard all that he say against
the enterprise In which the federal government Is
given by mouth Of the French Emperor and though
no formal offer Of nediaw has yet reached Washington
The speech Of Monday is but the solemn reeraticn Of
those opinions which the Emperor has concealed
from either belligerent. declaration that the pro-
Of the during the last two months has
frmed him In the WISDOM Of his former policy and that
the time approaching when European sovereign way
fhu tne' rose 10 stop the slop"hter.
As politician and soldier Napoleon may be satisfied
with the accuracy O bis judgment when he declared that
the South would not submit and could not bc
tho fortune Of war has than ever in
cned to the side of the Confedcrates. In
great battle they have defeated the main army
OF their enemies, and demonstrated that Virginia
and Richmond may be held indefinitely against all the
hosts that President Lincoln send against the But It
s rather by the battles which have not been fought that
tho eventual victory OF the South indicated. The nva
sion every where angushes and e hopes of herepuLcdn
party 10 rest almost wholly ohat may be done
by marauding negroes ezciked Jy President Lncotns pro-
cldmdtoN II Is almost admitted that in Virginia the
is at end Every way to Richmond has been tried and
been found impracticabe. Each general had his
plan and all the plans have failed after another All
the million Of men whom the federals pay cannot make
their way those eighty one hundred miles Of
rugged and desOlated country held by manageable army
Conlederates who trust their leaders full of
the confidence inspired by long series OF victories
Utter inactivity has fallen the army which pushed
into the field to the French Emperors pro-
posal Of mediation.
The state Of affairs in the West Il
scarcely more encouraging for the federas. There
skirmshng in plenty, and now party wins victory
the other but il is quite apparent that the federais
hold only the ground they stand upon, and that pro-
gress has been made the conquest Of the South Such
being the condition Of the the French emperor may
Justly ask whether Europe Is TO sit still and make
effort civilized and Christian society from the
miseres that coming on it, The exhaustion OF the
country and the brutazng OF the people the only
suits which may be clearly forseen II the lasts and
Ae Emperor tOH do good aoork If BY any tce and
temperate advances he persuade the ederdIs 10 desis
from Dir hopeless enterprise.