Southern Views Of Peace

Tlio Bultimcre correspondent of the N. Y. World, writingon the 18th, says: The lollowiug is a correct statement of the views and feelmgs of the rebel leaders, and the Southern people on the questions of peaeo and a -reconttrucüon of the Union. I am not at liberty to state how these fact9 reached me. I can only say that they are direct Irom Richtaond, and that they are really 'A'bat they purport to bc - nauiely, the sentitnents whioh will guide the uetion of the South. An armistice and a convention of all the States would be cheerfully acceptcd by the South. But this is not because the South is exhausted, or because the Southem people are unable or unwilliug to contest the war. On the con trury, the South is better prepared. now, the Southern armies are strenger and more eftective now, and the Southern ) copie are more uuited now in their determination to nchieve their indepeiidence than ever beiore. The formal and unequivocal announcement of Mr. Lincoln, that it is his purpose to continue the war, not for the restoration of the Union, but for the abolition of tlavery, hae extinsuised the last lingering hope that reunión was yet possible, and haa uniled ihe South as one man in óppoeition to what they cocf-ider the most anwarrantable tyranny. Tliey have had quite enough of the horrors of war. lp order to put a stop to these, they woiild gladly welcome an arinistice, because they believe that belore the armistice expires, some means would be íound to secure an honorable pi.ace. As regards the ter.T;s of poiice, they are not ucreasonable. All they would rtquirc Wüuld be, the rights that are tiecureii to them in the Constitution. I3ut they would require guarantees for those rights. They would require an exprees slipulation that the general government would never again inteif'ere with the ;domestie iustitutions of any State; and that this stipulation should be made in the most solemn manner, ar.d should constitute a part of the orgnnic law. A convention of all the States could easily regúlate this matter. If these terrus are granted by the North, the South would rit onco lay down their arrns; tbe Southern States would dissolve the confederaey ; and each one of the Southern States would seod their Senators and Representatives to Congress, as before the war. All other mattere in dispute could be easily adjusted. But it is not believed at the South, that there will be either an armistice or a speedy peace. They bolieve that an armistice would be particularly distasteful to Mr. Lincoln and nis party, because the latter would think that it might result in peace and reunión, which is just what Mr. Lincoln and his party do not want, as peace and reunión would be death to thern ; and because, even if it did not result in peace, it would be of no advantage to the North, while it would be verv advantaceous to the South. And they believethat there is no prospect of peace while Mr. Lincoln remains in power, because they know that he ie. fully determined on the subjugation of the South, aod the extermination ol the Southern people, if elavery can be abolished in no other raanDer. They do not believe that the North would consent to an expresa stipulation in the Constitution, that Congrebs or the general government shall nevcr again irnerfere with the domestic ínstitutions oí any State; aud unless they can have such a etipulation tbey will never lay down tbeir arms. They believe, therefore, thnt the war will go on. And it is childish to concea! from ourselves the fact that they are abundantly preparcd to carry it on, as the followiog circumstancea will show : Their : rmy, although not half as strong numerically as our own, is formidable, and vory effective. It consista of the following bodies ol troops : GENERAL LEü"S AKlll'. Mei]. Nino divisious of infaiitry in the tliree corps of LougsU-eet, A. P. Hill, and Ewell, tlie fonuer now cmunianded ly R. II. Andersom, and the laLter by (eneral Eaily 03,000 Ailillery, 300 guns b'oQO Cavalry, recenlly renunmted, and all the liorses in good conditlon 1S,000 Under Beauregard's order, or recently so, at Petersburg 25,000 Total lü'J.000 In Southwestern Virginia 5,000 At Wilmingtou and Weldon ltl,00(i At Lyiiclilmrg, well fonified and provided 20,000-35,000 Total in Virginia 144,01)0 At Charleston and öavannali. . .20,000 At Mobile 85,000-30,000 HBKEBAL IlOOn'ö AUMY AT ATLANTA. The oíd anny of General Jo. JohjjstÓTi consists now of only 40,000 veteran troops : but these have been reeently reinforced by 16,000 newly raised Georgia recruits, who have been incorporated with the oll regiment. The whole now forras a body of 56,000 Cavalry, under Forrest, "Wheeler and Uhoddy 12,000 Troops brought by S. D. Lee, froni the Mississipjii Val'ley 20,0ro Relnforcements froni Mobile 8,000 Total in Hood's army 96.000 Total effective Confedérate forcé 275,000 The above figures aro Irom the very best and latest authorities. They represent the present actual strength of the Confedérate ai mies, after deducting all losses sustained in the recent and present campuigns. One of the first Je!uion8 that clouded the Northern mlnd, and one which is not yet entirely dispelled, was that the South had all tbeir tighting men in their arrnies, and that wnen thoso in the tield should have been deslroyed, they would not huve the power to raise others. On the contrary, by cnrefully husbanding their strength ; by keeping in the field armies of only moderate size ; by depending upon discipline and good generalship, and not upon mere brute force; and by a proper systern of recruitjng, their armies have not only been kepl full, but they have, and vnll have for years to cojie, a sufficient population to keep on loot a ferce equal to the above. In the organization of their armies, the rebel leaders have avoided the tvvo grent fanlts that have been the bane nf ours. There is no such a thing at the Soulh as oíd regimenté with thinned ranke, golog home with their torn and tattered banners, just as the two hundred or three huudred men of which they are composed have beoome veterans, and worth a thousand or twelve hundred men. Nor are such old regiments nierged and Consolidated two or three together, so that the glorious memories that elus'er around the name and history of eaeh one are lost und swallovved up. Every regiment, in either army, that has been in the eervice for two or three yers, has won for itself a oertain honorable dietinction. If the proper means are taken to cherish and foster this regiinental pride, the instances where old regiments would leave the army would be rare indeed. In the Southern army this is done, and the consequence is that the old regi irents always re-eniist, and never go home, excL-pt on brief furloughs The result of this system are that all the regiments in the Southern army may be said to be veteran regiments. Their ranks are always kept full by a conhtaut-irifusion of fresh men, who speed ily acquire the duties and the habits of old soldiers. The Soutfa 8 no looger dependent upon foreign nations for their supplies of arnis. Some shiploads of eannon aud rnuskets vontiuue to arrive at southeru pone, altt'ough not so lrequently as lormerly. But there are now at Richmond, Charleston, S'avannah, WilmingtoD, Atlanta, Macón, and at severa] other places, foundries, and gun manufactories, and arsenals, where cannon, muskets, swords, pistola, gunpowder, cannon-balls, shells, fixed aramunition, percussion caps, &c, are made as good as any we use, and in quantities 6uiBcient to supply the wants of the Boulhern armies ior years to coa.e. When the town of Roine, in Georgia, was captured by General Sherman, some rnonths ago, the evidences of this fact were found in profusión, even in the little inland place, and pain were actually taken by the administration to suppress the facts at the time, because they afibrded such stroDg and ncontesüble evidenco of Southern enterprise, ingeiiuity and skill. But tliie is not all. The fact of their bcing cut off f'rom all intercourse with the European world, except bv running the blockado, led tho Southern people tb seek for the ineans of developing those natural resources of their coun try whieh had hilhei'to lain dortaant. Fortunately for thom, their whole country may be said to rest iipon a bubstratum of iroo and coal, po plentiful are those two anieles. There is scarcely a ndge ot mountams in the South, where the prenjuoe of roo re has not been discovered; whüc in Virginia, Georgia, North Caroliua, and Alabama, thero are iuexhaustible beds of coal. The coal mines iq tho comí ties of Gooehlane, Fluvanoa, Cumbcrland, Buckiugham, aud Carnpbull, and the iron mines in the oounties of Nelson, Amherst, Bedford, Montgomery, aüd FraDkiin, in Virginia, ara now being worked tc m extent teniold as great as ever before. and vvith most remunerativa resulte. In North Ciirolinn, particularly since the wilh'irawal ot the Union íoret'í', the devolopinent of the industrial and minulacluring resources of the State has received a wonderhil Ímpetus. Turpenüne, rosiii, and tar, are manufac tured iu vast juan titics, and large cargoes of these precious commodities are shippod to Etirope, by way of' Nassau aud Havana, every week. The blockado trado at Wilmington has been aR lively.as ever before during tbe last thrce njoutlis. j Ia Georgia, Üouth Carolina, and Ala!)Hini, tnanufactoiies have nprung up of mnny articles of domestic use, and are being vigorously earried on. At Richmond there aro glaes works, where not only window glass, but also turnblers and glass dishes are inadf, of excellent quality. At Danville, n Virginia, thcre ia a stocking inanufaotory, whero both cotton and woolcn hose are made. At Rulaigh, in North Carolina, tbere is a niani.faotory, ol knivus and forks, whiob tutos out work equal to tbat fonneily brougbt from Connecticut. 1'here are manufaototies where hats are made at eleven different tnwns in the three States named abiire. There are two places in South Carolina where ladies straw bonoets aro made. Thero are seven places in Georgia where cotton carda are manufactured, and yet tbc dornand for them exceeds the supply. 'i'here is ix blanket tnanufactory at Montgomery, in Alabiima, one at MaccD, and one at Savanuah, at all uf whiuh blankets of excellent ity are made, both for the army nnd f or domestic use, Tbcre ure munufactories of glass-unre and fine earthen ware - eups and saucera - nt uoth Savaunah and Columbus, in Georgia. There are manufactóries ol fine copper ware, button manufactorieH, and even manufaetóries of pins and kniüingneedies at a dozen places in the South, whero, three years ago, such things wore not thought of. I Deed do no :nore tlian illude to Üns point, as it has been sufficiently demoustrated by the events of the pas.t year. The siliy twaddle about starviut; out ïhe Souih will probably never again be repeated. The above oonsiderations are sotr.o of those nhiuh cofivince the Southern people of their ability to carry on tbe war. Ifnorthern people are likewise convinced of that fact by next Novem ber, it may lead to euch action on their part as may result in an honorable