Peace

From the Richmond Enquirer. We can see no prospect of peaoe at all, not this year nor next year; uot at the end of Lincoln's presidential term, nor of the next. Everybody wishes for it, and longs and prays for it ; everybody, both in the Federal States and in the Confedérate. Yet let us not deceive ourselves - the peaoe whieh they long for at the North is not the samo peaco which we pray for here. Their peace means reeonstruction ; our's means separation. We can never make peace, never, much as we may dusire it, leaviug in the enorny's hands New Orleans, Kentucky, Maryland, an Missouri - without at least ensuring to thosè States the full froodom to decido, uncontrolled by the coerción of foreign armies, whether they will attach themselves to the northern despotism or to the southern league. We can never ïuako peace wliilo ono southern fortress has the hated flag of the stars and stripeá floating over its walls, while one hostile ship presumes to bloekade a southern harbor. Thoy cannot make peace, without giving up to us our forts and harbors ; acknowledging the right of secession in the border States, and admitting thoinselves beatón and dis' graced. Their " peace" is, to us, continual eterual war; our peace 3 to them ruin :iad perdition. If there is to be peace, then, on whose tonus shall it bo - theirs or ours ? Neiïhcr. We are to have war, not peace. But it is said that the enemy's fiuan cial credit will break down if the war continúes. No, it is peace that would ruin them utterly ; peace, we mean, on our tenns. It is the war that sustaiua their credit and koeps up the war. It is the continued hope of ultimately subjugating us that gives the slightest value to their treasury notes, and it is the stern resolve to bafflo and defeat them that mates our bilis worth inoro than their weight in paper. War, to them is cheaper than peace; they are very rich, it is truc ; but there are some luxuries they cannot buy - and one of these is peace. War comes very dear, but they cannot affbrd peace by any means, 'They can endure, porhaps, the dangors and j disasters of war ; but they caunot face j the horrors of peaoe at all. I