rs, and will
inevitably be fully won in time: New Orleans is a pledge, with other
important points, and the enemy admit that every Southern seaboard town
is destined to be taken. Does this look like the wild boasting of the
South two years ago, when the North was to be plundered, Washington
taken, and the Free States trampled under the heel of a chivalry
fiercely crying, _Vae victis!_'--'Woe to the conquered!'? There is no
danger now from the enemy: as he himself admits, two years more of the
war would not, at the rate in which we progress, leave him a single
State; and be it borne in mind that a _speedy_ return to peace is only
to be purchased at the price of a terrible financial crisis.

But we are in danger from the traitors _at home_. JEFFERSON DAVIS is
less deadly to the Federal Union and less to be dreaded than the men who
are scheming to make of New York a free city, and of every State and
county a feudal principality.

* * * * *

The intentions of Louis Napoleon as regards Mexico are beginning to
excite interest. Whatever they may be, there is one thing which it would
be well for the French Emperor never to forget. He holds France simply
as a pledge to the Revolution. So long as he remains true to the cause
of liberty--and, despite names and circumstances, he has been truer to
it than many suppose--he will remain in power. When he is false to it he
will perish. It was through forgetting this that his uncle died at St.
Helena--it was through forgetting this that Louis Philippe quitted Paris
in a very citizenly but most un-kingly manner. The _bourgeoisie_ of
France and the gossips of Paris may storm at the Federal Union,
_epiciers_ may growl for our sugar, and operatives for cotton, but this
class--on whom Louis Philippe made the mistake of solely relying, with a
little help from the aristocracy--are not the men who guide the storms
of revolution in France. The arch spirits of mischief are more secret,
and of late years they have learned much. They are no longer so much
inclined to Socialism, Pere Cabet and 'national ateliers,' still less to
guillotines and noyades. But they are firm as ever, as jealous of
despotism as ever, and, for an oppressor, as powerful as ever. And we
believe that this class of men are firmly attached to the great cause of
progressive freedom as represented by the Federal States and by the
present Administration. Every day sees the truth spreading in France,