The New York herald., 1865-01-06

States; after having exhausted those States OF
their military resources, and brought ruin and
desolation broadcast upon them, he would
sacrifice the institution Of slavery itself, and
turn over said States to European vassalage TO
Of justice.
In the proposed division Of the States which
he claims as belonging to his "confederacy,"
England would got Virginia, Kentucky, Ten
nessee, North and South Carolina, Georgia,
Alabama and Mississippi; France would get
Louisiana, Arkansas, Missouri, and the coun-
try west Of them to the Rocky Mountains;
and Spain would get Florida and the empire
State of Texss--a very nice division. But If
this proposition were now made to the three
nations indicated they could do nothing With
the kindling combustibles Of revolution in
Canada, England is hardly in condition to
risk war with the United States Louis Ma
poleon, on the other hand, has troublesome
elephant to take care of in Mexico, and poor old
Spain has found her match in the St. Domingo
end Of the Island Of Hayd. These bribes
which JEFF Offers for the safety Of his neck are
princely and tempting; but we guess that they
come too late. II is the cry of mock monarch
whose fate is sealed. He is on the top floor OF
house in flames, and the value of the building
is not worth the risk Of saving him.
Too late comes this cry for Holy Alliance
and two or three European protectorates over
States recovered or at the point of submission
to the Union. Too late, also, comes this other
proposition for the abolition of slavery in the
"confederacy" as the price of European recog-
milton. The leading Powers of Europe will
understand from this offer that the "corner
stone" Of this Southern Utopia is already
knocked out, and that JEFF. has become too
weak TO be trusted as an ally for war purposes.
But JEFF and his associate conspirators, who
cannot be pardoned, and his implacable fol-
lowers, who are forsworn against any restora-
ton to the Union, may still be turned to good
account in the exercise of wise humanity, in
another way. Let President Lincoln, through
General Grant, propose to JET. Davis, his
ringleaders, and TO all who may choose
to follow them, that for the sake Of
peace, thsy will be assisted by the government
Of the United States to the Mexican frontier as
an armed body of emigrants, and with
the further understanding that they will be
furnished with the necessary means and sub
sistence for permanent Judgement in Mexico,
and we dare say that JEFF. in his present ex-
tremities, will speedily make it bargain.
Why not He and his confederates, who
cannot or will not return to the old Union, but
who are resolved at all hazards to have
Southern confederacy, can establish splendid
one in Mexico. We grant that in regard to its
people, it will be somewhat upon Q mixed
basis, and that there may be some difficulty
with the "cozasr Stone" Of negro slavery; but
surely there need be 20 trouble in this matter,
when JeH. at Richmond is prepared not only
for the emancipation of the negroes, S"t u will
ing to give them all free farm il they WIZ
only give him his confederacy. We hope,
therefore, that President Lincoln will seriously
consider and resolve to try this oomwomise,
on the basis Of Southern oonfederacy In
Mexico. The idea, we think is good, and If
adopted, who can doubt that it will be attended
by the most splendid results, including sub
stantial peace, the Union in its integrity, the
Monroe doctrine in full feather and Southern
confederacy to boot.