Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-01-14
Correspondence Of The New York News.

Correspondence Of The New York News.
WASHINGTON, January 10.
The air here is full of rumors of peace; of a
possible peace which may be speedy. permanent,
and honorable to both parties. That such a
peace is attainable, no man here, whose position
o.. character gives weight to his views, doubts
for moment. But whether the efforts which
are new on foot, will result in such peace. may
well be doubted. In the first place, the south is
not in such condition of extremity would
lead the confederate authorities to accept any
but favorable terms. They are fighting for in
dependence, ior separate nationality, for an
equal place among Independent powers. And
according to the most reliable news which reach
this city, there never was a period in their es-
timatiOD, in the whole course of the war, when
they were so near the attainment of this object
at present.
The existence OF the institution OF slavery at
the south is no obstacle to such peace as is in
dictated above From all that | learn, and
my information on this point is full. direct, and
authentic, the probability is that the institution,
cherished as it has been-necessary as it has
seemed to be in order TO develop the resources
of the South will be abolished; that the southern
people will sacrifice their slaves, as they have
sacrificed their other property aud their sons. as
means Of acquiring the object for which they en-
tered on the war.
The southern people are proud and naughty
race. They would doubtless have taken this
step before if il had not seemed TO them to be
the very thing which the North had insisted tn t
they should do, and in order to compel them to
do which the North had made war upon them.
They take this step now, it is said, as a means
of securing friendly alliance with Eng land and
France. They take it, also, as means of
Strengthening and recruiting their armies. The
emancipation of the slaves at the south i not TO
be hastily effected.
1t is to be. as am informed By persons who
know that whereof they speak, gradual pro-
cess and one that will work no injury either to
the master or the slave. The freedom of the
negro is to be conferred upon him only as a boon
for valuable military services in the field, and
after those services have been performed. 1t
is to be accompanied by the freedom of his
wife and children after certain fixed period,
and he is to have the means afforded to him, Of
making lis freedom boon worth possessing.
The negroes will remain, "a free and compensa-
ted aborers, at the south.
The result Of this process will be. it is said,
the ultimate freedom Of all the slaves, and the
gradual emancipation OF all toe negro race at
the south Ii is said TO be the intention OF the
confederate leaders TO incorporate into their ar
mics as MANY of the able-bodled negro men as
may be necessary from time TO time, and thus
fidelity Of the slaves thus used as soldiers, or OF
their efficiency III the ranks and In battle, they
have not doubt They will thus have taken
away from the north one great motive for the
farther prosecution of the war. Slavery, says
the republican party, was the cause of the war
Very WE'LL says the south, We will remove the
cause. Slavery at the south exists no longer;
at least it is in process OF adjustment, and soon
will be altogether abolished Why. then, do YOU
make war on US any loagerI
Slavery, then, as said above, is no obstacle
to a speedy and honorable peace. But there are
other obstacles The confederate leaders are
convinced, after a OF four years duration,
that the object for which they are fighting was
never So near their grasp at present; that they
ere better able to carry on the war nov than At
any former period, and that the overtures for
peace, said 70 be now in progress OF the part of
the north, are dictated by feeling OF apprehen
sion that England and France are about TO enter
into an alliance with the south.
The south, then, it | am correctly informed,
will reject al OF peace. unless they are
based upon terms which il is impossible for the
administration TO grant. namely, the acknowl
edgment OF the confederate Independence. Such,
your readers NAV rest assured, will De the result
OF the p,esen, peace negotiations. 10 the mean
time. watch that unfailing thermometer, the gold
market MALCOLM