ufacturers,' and thus enable France to crush for the present the
cotton manufacturers of all the rest of the world. It is well known in
Paris that Mr. Slidell is upon terms of the most intimate association
with Louis Napoleon, and has thoroughly convinced him that we cannot
suppress the rebellion. Is it not, then, clear, anxious as Napoleon is
for the success of the South, that he would, in the event of McClellan's
election, at once recognize Southern independence. Indeed, it is the
boast of the Confederate leaders in Europe, since the adoption of the
platform at Chicago, that, upon the election of their candidates,
without waiting four months for the inauguration in March next, Napoleon
will AT ONCE recognize the Confederate government. Indeed, I do not
doubt, from the circumstantial evidence (although I do not know the
fact), that there is already a secret understanding between Jefferson
Davis and Napoleon the Third to recognize the independence of the South
upon the election of the Chicago candidates. Why wait four months, until
the 4th of March next, when the American people, by indorsing the
Chicago platform, shall have declared for peace, with the additional
announcement in that platform, that the war for the suppression of the
rebellion has failed?

If, indeed, that war has failed, and we cannot thus suppress the
rebellion, it would not only be the right, but, upon the principles of
international law, the duty of every foreign power to acknowledge
Southern independence. Thus is it that the Chicago McClellan platform
invites recognition. What is the meaning of the recognition of the
independence of the South by France, under such circumstances? IT MEANS
WAR. It means, in the first place, commercial treaties stipulating great
advantages in favor of France, and perhaps other Powers. It means, of
course, the overthrow of the blockade, so as to carry out those
treaties. It means conditions destructive of our interests, and
favorable to the recognizing POWERS. It means advantages and
discriminations in tariffs and tonnage duties, and navigation
privileges, which would exclude us from Southern ports, including New
Orleans and the mouth of the Mississippi, and deprive us of the markets
of the South. Such a recognition, then, with its attendant consequences,
means war--war not only with France, but probably with England and
Spain, and other Powers. Doubtless, upon the election of the Chicago
candidates, Napoleon would aga