Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-03-18
TIE ONLY ROAD TO PEACE,

The london Iader, a paper established to repre-
sent the cause 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
quad.uple, 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 no worse
Military failure cannot end tn: war. When the
last army of invasion is destroyed thcy will still
lIave the power to block up tbe channels of the
Southern harbors and to ravage its sea coasts and
river banks, and so long as it has the power will
exercise it. Military success cancot end the war
because it is as impossible for the Confederates to
conquer the North, and to- dictate TERMS of peace in
Philadelphia or New York, as for the North to
dictate it at Richmond or Montgomery. When the
war shall las from sheer physical exhaustion of the
cnmbatants, it will not then end predatory oxpe.
ditions 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. Wehave never
seen bu. one road to peace, and this one and only
road Is to grant to the South its just righss-ad.
mission into the family of nations.
Any country may reasonably hope to aucll AL
lnsurrccton within its own domiions. while appa.
rently destitute of all support and countenance
abroad; but no country, not even the sefconfdent
United States, dream Of conquering and subdu.
ing foreign nation with which all the powcrs of
the civilized world have just concluded treaties of
amity and commerce. When the South has thus
accomplished all that she battleG for, and all that
tho North has striven to prevent, then, and then
alone, comes the question home to government and
10 for.x hat hs A:tI
we continue this war? Men foremost to urge the
Jealous prosecution of the war wilLhasten 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
irredeemable paper will be glad to realize at any
sacrifice. Confidence and credit thus rudely sha
Ken the scam2er to esca Pc from. under the falling
roof will re rest there. States will soon be seized
with the panic, and separate treaties Of peace will
dctach one after another from the present Federal
compact to seek, as has ominously been threatened
already, their safety innew alliances" A letter
from resident of Philadelphia gentleman of high
position and who has filled an important post amid
the political troubles that Immediately preceded the
war-whch We published in our impression, Of the
18th utimo predicts this as the only possible ter
u'H'aoh Y Tue war, ana the certain effect OF Eu-
repean recognition and he is suppoed 10 his views
by SOME of the most sagacious men in both the Dem.
ecratic and Republican parties. New Federal CON-
pacts viii, of course, 10 formed among the SStes,
and at least three probably four, conederated re.
gubiifs :SiA divide the ample domain Of the short.
Il lived and ll-statred American Ulion.r:... =
" But IA whatever manner recognition produces
peace the Proposition is undesirable that withoutit
peace is impossible. North ard South agree onthis
point, 7Fhe delay of peace AuptifMay .depriyes tbs
WORRIES cothisrce'of another fear s9pply Of c9tto
'snaAhethes year Of war, w7the9t historically sslsf
ing thspositien Of the beltgcfcnss; viii redues tH
South1te aauost the same level IF u!iversal fuin q
ahe Northa and impair her proddctNs powers to d
extent which quarter Of q century may not III
trieae Fdr the misery andsaHsrng ttus7 caused
Epghpd .sappot be held.blaHele.s siulths lisht!
RlsSs9I{:. .ls4. - u ssl,. 1ei' asia soasi
w6ats ii datAas sls s:, sent iot
EiixEar2d to- Vaucs6yefs 1ISrd had ubon arriita]