The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1865-03-06

recovered, and consols also improved
one eighth to one-qusrter per cent.
The London Nems ofthe 9Th Febru.rr
is hopeful that good will still result FROM
the peace conference The desire Of hoti,
sections for peace has been manifested
in an unmistakablo manner, and the
two Governments will have to convince
their several supporters that peace is not
ootaInable, and why, before they can re.
store the state of feeling which existed
before the recent meeting. 1t NAV be-
that those New York journals are r;oht
which predict that Grant and Sh.,m,n
must lind basis for peace before no
DONATIONS can be resumed, though Il
would be rash to come to that conclusion
on their imperfect information. But even
in that case we shall look forward 70 an
carly renewal of overtures. The ena
has not come, but we trust and believe
it is in sight.
The London Times remarks that +bo
failure of negotiations was to be .n,;ci.
patei, and the war mvst go formara until
it is brought to an end by the inability
OF either one party or the other to pro.
long the contest. ~The South can make
no cession whatever short of absolute
sacrifice and surrender. The one object
OF Its Efforts is national independence
IT 1t toregoes that, it Goregoes all.
The London Post does not see whv ;f
a league can be devised in which tha
mass of the Southern States will preserve
a certain identity as distinguished from
those OF the North, and possess dis
ttncfaoe gosernment, the terms Of the
league might not be made sufficiently
binding 10 insure community ofuction on
the part of the republics as against the
rest of the world. The Federal Govern
ment have, Of late, manifested the desire
1t their hands were free, Of pursuing an
aggressive policy. Nor is it any secret
against what Powers their attack, would
be directed.
TIE London Herald thinks something
has been gained in the mere fact of Lin
coins consenting to treat with the South
ern commissioners, and we should not
be surprised if the attempt at recon.
citation, which has now miscarried, be
lDaSAG OitCS uASlC atiu Will UGLkCE Sue
cess before the year is over
The Otct, an eccentric journal, pub
iished In London last season, recon-
menced publication Oh the 18th. Its
articles attract attention FROM it's alleged
special sources Of information. 1t has
the following relative to Blairs mission
to Richmond: We are enabled, from
special sources of information, to give
specliically the terms which Lincoln for.
warded through Blair to Davis as basis
OF pacitcation. They are as follows:
First. The abolition of slavery to DO
left to the State Legislatures as to time
and circumstances, but slavery to be
abolished.
Second. The Confederate States to
return to the Union with the same
rights and privileges, &C., as when they
lett it.
Ihtr1. The Confederate army not
to be disbanded, but Incorporated with
the Federal army for foreign war.
Fourth. In the restored Union the
past to be forgotten.
The second of these propositions being
at once rejected by Davis, it became un-
necessary to consider the others. In
reference to this document, we would
call the special attention of our readers
first, to the fact that we know, on TN,
doubted authority, that had Blair not
been invested with iull powers from Lin~
coin he would no; have been received bv
Davis; second, to the fact that Lincoln
abandons emancipation by his own pro-
clamatlon, leaving tic question to sepa-
rate State action; and thirdly, to the
fact that the policy Of his Government
poin-s directly to foreign a. aggression.