ockade;
such profits must equal several hundred per cent. 2d, the prospective
profits from an eventual success of the rebellion for such friends as
are now supporting the rebels. These prospects must be very alluring,
and are partly justified by our slow war, slow policy. I am sure that
the like armaments for the secessionists are made by shares owned by
various individuals; the individual risk of each shareholder being
comparatively insignificant when compared with the prospective gains.

If Seward, McClellan, and Blair had not meddled with Stanton, not
weakened his decisions, nor befogged Mr. Lincoln, Richmond would be in
our hands, together with Charleston and Savannah; and all the
iron-clad vessels built in England for secesh would be harmless.

Mr. Weed and Mr. Seward expect Jeff. Davis to be overthrown by their
imaginary Southern Union party. O, wiseacres! if both of you had only
a little knowledge of human nature--not of that one embodied in
lobbyists--and of history, then you would be aware that if Jeff. Davis
is to be deposed it will be by one more violent than he, and you would
not speculate and take clouds for camels. During the weeks of
embarkation for Yorktown, the thorough incapacity of McClellan's chief
of the staff was as brilliant as the cloudless sun. It makes one
shudder to think what it will be when the campaign will be decidedly
and seriously going on.

It is astonishing, and psychologically altogether incomprehensible, to
see persons, justly deserving to be considered as intelligent, deny
the evidence of their own senses; forbid, so to speak, their sound
judgment to act; to be befogged by thorough imbeciles; to consider
incapacity as strategy, and to take imbecility for deep, mysterious,
great combinations and plans. Even the Turks could not long be
humbugged in such a way.

No sovereign in the world, not even Napoleon in his palmiest days,
could thus easily satisfy his military whims concerning the most
costly and variegated material for an army, as does McClellan. He
changes his plans; every such change is gorgeously satisfied and
millions thrown away. Guns, mortars, transports, spades, etc., appear
at his order as if by charm; and all this to veil his utter
incapacity. This Yorktown expedition uncovers Washington and the
North, and such a deep plan could have been imagined only by a
_strategian_.

What are doing in Europe all these various agents of Mr. Seward, and
paid by Uncle Sam? all