Washington telegraph., 1863-08-05

LETTER FROM A WISE MAN OF THE No,r
We find in the Richmond Sentinel Of n. %,
q letter from London by John L. O'Sullv,, j.
Prof. Morse. Mr.. O'Sullivan was formsrlv n
5. Minister at Portugal, and if we do M. -
take. once the editor of the Democratic Rox;a
He evidently takes the same view of Nor,h-
ern and Southern affairs held by vanand;r
ham and Fernando Wood; but in bis mind
they seem more clearly defined and d..rI,,
stamped. His great excellence is, that bs III
lows out his own reasonings; and whilst ,har
hesitate and stammer, and end in weak n,.-;.
lities. he speaks ou. clearly the word tbov
ought TO say, and says there is no hope cf 1eace
but in separation. His letter is addressed 10
the democracy of the North, and urges them
to the advocacy Of recognition Mark our pre-
diction, however,-they will not do it. Per.
haps, Of all parties at the North, the democrats
are the least to be respected for any adherence
to principle, or any courage in following thOir
own convictions. They will moralize and
grumble, and make sentimental speeches about
the horrors of war, and stir up mobs, but win
never take the step in the right direction.
They will cling to the cid Union monomania
until they die. Meanwhile they will, by their
opposition to Lincoln's administration, drive
it to do at last what they, if true to themselves
should do at once, and thus their action will
inure to our benefit without commgding our
respect. But to return to the one wise man
amongst them who has yet spoken. We have
not room for the letter in full, and find it diff
cult to select. 1t is uniformly good, and ex-
tracts may be taken at random. His perceptions
Of the condition Of things are singularly clear.
After announcing the subjugation to be i'm
possible, and the hope of it impious if il were
possible, he thus tears away the veil from par
ties, lifts the curtain and shows the putrid
mass in its fomentatiOn:
''Sooner or later, all-democrats, republi-
cans, abolitionists alike, must accept this truth,
unpalatable as it may be. The sooner now the
better for all. The democracy Of the North
in ~ far as il supports the war, is playing the
mere part of the cats paw to the abolitionists
and politicians OF tho republican party. Ii IT,
for ths satisfaction of the fanatic vindictive--
ness Of the one aud for the rescue OF the par
tizan interest Of the other, that the democracy
is now misled, by the sacred spell-wOrds of
Union and Country, 20 carry on the hopeless
folly and wickedness Of this great war. Ii il
now at bottom, not q question Of patriot
ism, but of mere party. The republican party
which ha. provoked and made the war, like the
man who had the wolf by the ears, cannot now
let 60 of il, without absolute and total party
ruin. 1t will have to come to that in the end.
l,,s -t,or knr sa 81 Ia h. fr,.ar =
mouths to the next Presidential election, still
afoat on the bloody wave Of the war, with the
aid of the deceived democracy. To stave off
the dread day Of reckoning which inevitably
awaits them, they urge and drag along the
more than half dissatisfied democratic party
to support them in this prosecution Of their
mere party interest, with desperate hope in
the chapter Of accidents, but with q fearful
recklessness Of all the aggregated ruin and woe
they are sceumulating upon the country. The
public debt they are piling up, these unprin-
cipled party leaders care in truth little about.
After Us the deluge.' They well know il will
be repudiated in the indignant hour Of the
great popular reaction. For the future honor
and credit Of my country, rejoice that not a
dollar Of that debt has been taken abroad. A
sagacious instinct Of the truth of this whole
business has preserved the lenders OF Europe
even dared to offer il to them"
He argues that the whole war debt Of the
North is unconstitutional, aud will and should
be repudiated But be says:
.The anterior debt will be paid There Il
no better investment. The South will pay it,
yroportion-the Northern States will pay
Theirs, whether collectively II they shall ICON
tIary to the probability remain united in Q
single residuary Northern Confedaracy under
the old forms, or separately, il new combina-
,ons shall grow out Of that dissolution Of the
old Union, whose legal and constitutional effect
must be simply to relegats them back all and
each to the freedom and independence Of the
original sovereignty.
80 too, DO I with equal frmness, believe
that the Soathern war deh: will be paid. This
will be n debt Of patriotic hcnor and pride;
and in double degree its foreign portion. 4
debt gratefully identified with an independence
magnifcently achieved. In the form cf an
export tax upon the cotton crop, the Soati will
be able to pay it of with but moderate pres
sure Of sensible taxation. As a trustee would
q: this moment prefer 10 place trust funis ior
permanent investment in the Southern war
debt at par, rather than in the Northern at
ono fourth of its face. The one can be PAID
and will be paid; the other neither vii nor
can"
He recognizes the fast which we hare relied
upon from the beginning, that slavery woulu
be better established upon a permarent loot
ing in the South as government Joe'gn from
the North, than was ever possible in the onion'
with all the guarantees that could be thrown
around it. Upon this point he says;
"You know, as / know, and as al ine "or,u
ut home knows, and as abundant PROOF oush'
to make Europe also understand 'hat ."e
general Northern mind cares no more ior Wy
assumed rights or wrongs Of .be neglpe' .nin
does the Southern. The position oil the inie-
ror race is no better at the North thah - 'he
South The reverse rather is the case 80
left to themselves. with no more interference
from the intrusive Yankee than pc nov u,ein'
of attempting in Cuba or Brazil, tne oouanern-
ers will gradually introduce in'o tue sysI"
such notifications and mel:oratiops ~ may w
practicable: such as would have oeen iphg ago
introduced but for those worst enemies oi Tue
negro. the pIagmatical abotionists q the
North. How fast and how far tney may 60
that Proviiential government or y, u. = moh.u'
which lies in the will Of God Wi, ue'eiin'he' !,
and can alone well and wisely gaiae-
1t wisely said. and far in advance Of the
thoughts of Northern or English philanthropy.
He honestly abandons himself to his own
ll:. rL;cb the prudence of the