The New York herald., 1864-09-03

might possibly end In another snar rsburg or Get.
tysborg. Another period Of reciprocal Inactivity
arny army ia 'Il Ireland and Germany. Nor Z il bs.
cause the financial condition so Enthusiastically iDd.
Gates that the bottom u the natons pocket has been
reached Federal nnaoces have often defed raional
calculations 40 1auy grave crises have been passed-not
American temperament, that would hesitate 70 deny
the possibility Of Anoner miracle, and, given drawn
battle or two some insory success we are not sure
but this last csia m be tied over and the IN
evtate ruin carefully Conceded by 'shoddy' towers
from public view might b. STAYED of for another season
1nese periodical; siace
NJ battle Of Ban run ~~gravetng with each year. TO-
cco observer d. they seeuled fatal 10 1851;
they we're worse in 1852 s worse In 1853 II is not
cause they worst IN 1904 that look for reace but
because IN 1894 thet cOinc'cc with embarrassmon@ Of
quite another kipd-wi,h quadrennia civic re-,
and perpexcd tha scuiest understanding OF Er
repean statesmansha lhs curious feature Of the
mathematical mechanism The federal government is
wound up, warranted 70 RON four years. may run an
coOk.work viii adn, bui At the striking Of certain
hour its motiycs power Ia exhausted. AT one second
stsr twelve O'Clock on March the four years king 10
for human iDgennity, thore an interval between the
winding up again and running down and this interval an
interregnum The new king s elected in November the
old dies In March IN the four months Intervening,
uLess he happens to- be his successor for another
term, the courters desert the setting worship
the rising The federal government has only non.
nal head At noon on March Of next year Mr. Lincoln.
urcss eecled loses the scmbance Of powers tour
months and four days earlier the frat Tuesday Of
November next the entre substance In the meanwhile
The sembance and the substance remain rrcmsdiably
disunited, and therefore dormant.
How slim are Mr. Lpcolns chances OF reelection may
b seen by the Indecent alaerywih which the ras are
scdmpeina acdy from his ship. Already he s opposed by
Of bis own party one who Is not only the rst
love Of hst paryits candidate when Lincoln not
sents that very section OF the party which by its rabid
radcalsm eavened tho rest and In the heat OF the fer
which, sos a.
Was Of his own c0hcehoders, deemed It necessary to
save tbs appearance Of screspect by insulting him in
hs Congress has denounced him for the attempted
usurpatien Of arbitrary power for tho purpose Of ma
States; and tho two houses Of Congress. ss one
body, have given practical effect 70 this dsuun
Of Tho rebeous States shall no. co. count IL IN Iss tns
ensuing election. In open feud with his Congress, a.
uith his party, deserted by his mcena,y friends
es.as dsassa IN ss sa d. S IL s r sS.. scheme: S's esan" n
asa. Mr. Lincoln !: not rery fornidabic conpsiitor
position keeny alive TO tho possible or fortune 10
their favor have adjourned the nomination Of their
pagn fixing i. at date barely esh. weeks prior to the
November election At that election tho successful can.
daae requires since the votes e ono third Of tho States
cast, such ss no President since Washington has
ohtared.
The personal triumph or humiliation OF Mr. Abraham
Lacoln is however, merely an iucdsnt-and In
sn element-in our calculations for peace IL. tho war
agsinst the South TO be prosecuted we prefer him as
President Of tho United States to any one Of the four mil
lions OF adult males in the population Of federal America
has entered tho Northern mind aad that this dss ID hs
only practicable bridge from war to peace. Ths idea
SCORES Of newspapers which before were eagerly clamor
ing for more vigorous prosecution Of tho war; have
within the last few weeks taken up with usrance
less distinct II is in the minds and mouths Of men
Of all parties, defended denounced but familiar all.
Is reflected In tho public correspondence OF tho Euro
pean rrcss from America; II Is sharply mapped
mail baga IS like the confused sound or many voices
unless providentia event bushes IL, IL will have
Atlantic ioO The deafsnnS chorus Of millions Of men
ID an idea all the more powerful because u aaters
imnraeaps an ida ssen sMS',es soiea anu
defeat II is idea which gratinos vague popular
longngs for revenge and which Jet promises solid
This idea in ,vaieA se recognize ne m,ayd seed Of
loSn0 and prosperous peace may, when stripped OF its
succinct!y described somewhat as follows. Tho North
TO itsefz"ln the event OF success (aud true
Norherner permits himself 10 doubt of eventual success
shall gainf The experience OF three years
OF has demonstrated that the chances OF success
upon which We most counted either never dlS or cer
rnbecilo has been ferocous, there neithey
atcut Union feeling nor 'ncgrorsing, and there VIII be
IT, therefore, we succeed after ncalculnbe fur
thor expenditure OF blood and treasure. in conquer.
ing tho south, we shsl fad ourselves chained
we arc nshtiug FOR the Unoa-ihat is 70 say,
for commercial prosperity at homo and power and pres
orr prosperity al home vii, ccnss ID nsyire he prosna
two portion of our rational territory laid waste, and the
industrial portion Of il burdsnet by debt which II Is
equally ruinous 10 repudiate or 10 ray. Our prestige
abroad will consist u having the flower OF two hirds o.
manhood employed iu keeping under subsection the
mutoous remaining Third. Tho price In liberties
which have already paid for tho mere Riompt gives
the standard x what success VIII oost u.s. and II we
shall be further called TO strike an average OF tho
irscnen end smanclpsieI black slaves, the future
Is sickenlng TO contemplate. Viewing all this, threc
Il we were right ihen wo ar. not now Il is The part
N'sdon ~ make the most 6. circumstances n hty &re
Tue nslons OF Europe by their oan shostsghtodnes.
presents diat rs np,0; isf Us b: 5i.a han Eaope
fhe Sorh r.aer son7auH nor conquered; id Us have
me erso o. soin0 gnf1asly ssat ,on day ,re may ao
the union have ever been recognised entities We
nomnay olasssd both under avaryns number Of sates
thirty four. VIZ should zee &c, I've propro,slv q d.
Union eant States tnscad Of nry fcufs In out
each others strength live together upon some
sort Of terms Tho South has war debs well we.
re ;ns.rrase sses 10 an ,dsSsa eO ,csa ,aI,ev
much SouinUncrs ,dk utontfee trade The South owes
no svos 70 Europe, neither do We There no obstacle,
why should not the Urion become marriage between
two great States rnarrssc without possible divorce,
admitting distinct individuality aud Independent rights
In both, bat representna unit 70 the outside world.
such is the substance Of tho argument which, at the
family Hresde In the club, Al the domestic breakfast
table or al tbs public .ate dhoe, forms the staple
OF dscussi n-for aud agansthroughout the Northern
ssss as9 rom .cs
aniagcnsc in s sources which has reached directly
or been submitted 10 W.. We have awakcpei TO its
Importance through the concdcncs In many esFsntia
PORTS which forced itgsf on our attention in our
Southern correspondencc. IN not for Us TO pronounce
the merits Of this argument The North, tssrg fAs
aqgrs-,or, miu initiate tae terms Of pace Dot this much
say. In tho hearl o. Tho population OF The
Confederate staes weeried " war though undauntoi IN
the condolences or us ssue, proposals 81 he sort must
touch responsive chord. The ulca OF authority may
see tue nc0uvenienoas Of 90 close al alliance With the
North bat the people will see that tbey mgst choose
their allies from between the western european nations
or their nearest pegbbols; ard neither kpgaDd OCT
FRANCE uor Gslic Aesco has done tusnt " inter-
fere with the natural claims or that formidable uearest
neghbor ~ spts Of ht,r satHll es ;,raiat Scwlasrn
err are disgiii,ed H he itscny n ~ bnalsh soranssi
Of Inc ddp ard At ne acorrcp, net e tay rs1eherg,
or df of France II they forced 20 choose bolwesn
Europe and Amercs they N got very well choose tncr
own hemisphere provided the nst word o every treaty
Of alliance was always uncasncuged confederate inds
pcnienca - ,,
Thsre only ore iegcn conclusion 70 these renscoas
II is that IL ary sfss ho,s u exhdstHg bosA Anricaa
blrssnb has alinlrxi As 'oficv W kuegs, hdf pctg