The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-02-07

insanc.
The stock market was higher yesterday. Governments
wsre stronger Gold opened n 2l2 and closed at max
The high price Of gold yesterday rendered the feeling
In commercial circles buoyan and the merchants gen.
orally demanded very full prices for all kinds Of como-
des But little done In foreign merchandise, how
ever but the sales Of domestic goods fair at full
prices. On Change the -four market was moro active
and &c. higher. Wheat advanced 2c q &c., with more
inquiry Corn and oats were quiet but firm The pork
market opened dull and heavy, but closed active and
nrm Beef more active and nrmer, while lard was
nrmer, with doing Whiskcy was dull ct previous
rates Freights ruled steady but quiet
The True Origin, History and Result OF
the Recent Attempt at Peace.
The facts stated in this article are derived
from such sources as to entitle them to implicit
belief They are correct beyond the posi-
bility Of mistake.
Old Mr.. Blair was induced to make his first
pilgrimage to Richmond by the conviction on
his own part, and in the minds of the friends
ut the North who prompted him to under
take the task, that he might be instrument
tai in fastening peace. But it was entirely
o volunteer mission, undertaken without
any authority whatever from the President,
and barely with permission to pass through
our lines. His cordial reception at Rich
mond, and the friendly treatment which he
received while there, strengthened his conf
dence in his ultimate success. Before he left
for home Jefferson Davis addressed to him q
letter, expressing strong desire for peace,
and Offering to waive all formalities in settling
our difficulties ON the basis Of two govern
such terms as, to hasty, careless reader,
might conceal the cloven foot-or cloven
government-which, on close inspection, was
plainly visible at the bottom Of it.
It seemed to be cunning effort to place the
odium Of continuing an unnecessary war on
Mr.. Lincoln. Our sagacious President speedily
sent Mr.. Blair back with assurances that he
also was DESTROYS Of peace, and, in substance,
that without sticking for technicalities, he
would listen to what any messenger might
have to say if sent by Jefferson Davis or any
other prominent rebel, provided the necessity
Of prescribing our o,on as the one gouernmert Of
the sohole United States 'oere first conceded.
Thus far, in this diplomatic game, Mr.. Lin
coin had decidedly got the better Of Mr.. Davis.
It would not do for the shaking confederacy to
leave the matter thus The astute Mr.. Stephens
was called to the aid Of Mr.. Davis. A long
conference was held. It was determined that
Mr.. Stephens, Judge Campbell and MI. Hunter
should proceed North and try their joint hand
, at mending matters. They entered Grants
lines on the assurance that they came on the
basis Of Mr.. Lincoln's instructions TO Mr.. Blair.
But ,ohen the President and Mr.. Se,oard met
the,n II turned out that all they ,ooated ,oas an ar
ynistice, the consideration Of the maintenance of
the Union 10 be put off to more conuenient sea-
son, when their stomachs should be full of the
fat to be derived from our land and their mill
tary stores replenished.
Mr.. Lincoln again informed them that the
preservation Of the Union must be condition
precedent to any other arrangements, and that
he ,couh never consent to but one cessation
Of hostilities and that uould be the final one.
-Four hours Of good-natured, civil talk en-
sued; but II all resulted in nothing more than
we have already stated.
The truth Is that the rebels are very hardly
pressed by our armies They see that by the
sword tAey-must perish, and 80 they have sought
to save themselves by negotiation and diplo-
macy. But In this Mr.. Lincoln has shown
himself more than match for them.
They have found him amiable and courteous,
but firm and innexible as the everlasting rocks.
He has now satisfied the clamorous peace men
Of the North, who have pertinaciously insisted
that soft words would melt the hearts Of the OBJ
durate rebels. Talk is Of no use. All that re-
mains is to fight IL out, and the quicker that ID
done the better.
THE TAIIEsr DIPLOMAT OF MODERN Tnns.--Old
Abe is not only taller than other men In physi-
cal stature, but in diplomacy he towers above