Such is the true character of the discussions relating to compromise. Confined to these limits, they nevertheless possess a vast interest, for the party which the border States are about to choose, and that to which they will perhaps attach themselves afterwards, will have a great influence over the general course of the crisis. The point in question is no longer, doubtless, to retain Virginia, whose well-known passions impel her to the side of Charleston, but to induce the other States to take an attitude in conformity with their interests and their duties. It will not, therefore, be useless to give an account of the disposition that prevails among many Americans with respect to compromise.

What was produced by that Peace Conference, convoked with so much noise by Virginia, the ancient political State, the country of Washington, Jefferson, Madison, and Monroe? Nothing worth the trouble of mentioning. A considerable number of States refused to be present at this conference, which, had it been general, would have become transformed into a convention, and have annulled Congress, in point of fact, then in session in the same city? Its plan, accepted with great difficulty by a factitious majority, never appeared to have much chance of adoption. The point in question, above all, was to decide that, below a fixed latitude, the majority of the inhabitants of a Territory could not prohibit the introduction of slavery, (disguised, it is true, under the euphuistic expression, "involuntary servitude;") this measure was to be declared irrevocable, unless by the unanimous consent of the States. Despite the support of Mr. Buchanan, and that of the higher branches of trade in New York, seconded, as usual, by some fashionable circles of Boston, the almost unanimous public opinion of the North forbade all belief in the success of such an amendment to the Constitution, which, in accordance with the Constitution itself, could be adopted only on condition of uniting two-thirds of the votes of Congress to the affirmative votes of three-fourths of the States composing the Confederation.

Another project was put forward: all the members of Congress were to tender their resignation, and the new elections were to manifest the definitive will of the country on the question of slavery. That is, from the intense excitement of the country, were to be demanded some final elements of reaction, some means of disavowing the election of Mr. Lincoln. In either case, it would have been thus proved by an exceptional act that an election which is not ratified by the South may rightfully demand extraordinary measures. Now, there is nothing but what is customary, simple, and right, in the conduct of the North; it knows it, and will not, I think, permit such an advantage to be gained over it. To allow talking, to allow propositions, and to go its own way, this is the programme to which it is bound to remain faithful. What makes its honor makes also its strength: this is the privilege of good causes.

The North has not to seek bases for a compromise. They are all laid down, and I dare affirm, whatever may happen, that to these bases, constantly the same, it will not fail to return, provided, at least, that the era of compromises shall not be closed, and that the South shall not have succeeded in imposing on the North a decidedly abolition policy. To speak truly, it has but one declaration to make: to proclaim anew the constitutional law, by virtue of which each State sovereignly decides its own affairs, and consequently excludes all interference of Congress in the matter of slavery. Perhaps, alas! it will join, if need be, to this declaration, which it has never refused, the promise to respect to the utmost of its power, the principle of the restitution of fugitive slaves, which, unhappily, is also based upon the Constitution. But, on this point, promises are worth what they will fetch, for doubtless no one will imagine that it is easier to constrain the free States to accomplish an odious deed which is revolting to their conscience since they have verified their strength by electing Mr. Lincoln. Lastly, upon the ruling question, that of the Territories, the theory of the North evinces justice and clearness; between the ultra abolitionists, who wish Congress to interfere to close by force all the Territories to slavery, and the South, which wishes Congress to interfere to open by force all the Territories to slavery, it adopts this middle position: all the inhabitants of the Territories shall open or close them to slavery, according to their will. It is the right of the majority, recognized there as elsewhere.

I am not ignorant that Mr. Seward has gone much farther in the path of concession, and it is not absolutely impossible that these counsels of weakness may prevail. We must be prepared for any thing in this respect. Nevertheless, the President has by no means continued the imprudent words of his future prime minister. The language of Mr. Lincoln was remarkably clear in his inaugural speech, to go no further back, indicating on the spot the true, the great concession which, till new orders, may be made to the South: "Those who elected me placed in the platform presented for my acceptance, as a law for them and for me, the clear and explicit resolution which I am about to read to you: 'The maintenance intact of the right of the States, and especially of the right which each State possesses to regulate and exclusively control its institutions according to its own views, is essential to that balance of power, on which depend the perfection and duration of our political structure; and we denounce the invasion in contempt of the law by an armed force of the soil of any State or Territory, upon whatever pretext it may be, as the greatest of crimes.'" Mr. Lincoln adds further: "Congress has adopted an amendment to the Constitution, which, however, I have not seen, the purpose of which is to provide that the Federal Government shall never interfere in the domestic institutions of the States, including those which relate to persons held in service. In order to avoid all misunderstanding concerning what I have said, I depart from my intention of not speaking of any amendment in particular, to say that, considering this clause henceforth as a constitutional law, I have no objection that it be rendered explicit and irrevocable."

Concerning fugitive slaves, the inaugural discourse cites the text of the federal Constitution, which decides the question for the present; but he does not ignore the fact that this constitutional decision is as well executed as it can be, "the moral sense of the people lending only an imperfect support to the law."

As to the Territories, Mr. Lincoln declares clearly that the minority must submit to the majority, under penalty of falling into complete anarchy. Neither does he hesitate on the subject of the decisions of the Supreme Court; these decrees, in his eyes, are merely special decisions rendered in particular cases, and detracting nothing from the right which the Confederation possesses to regulate its institutions and its policy.

All this is very firm, without being provoking. The limit of concessions is marked out, and a conciliatory spirit is maintained. It is above all in disclosing his line of conduct towards the rebellious States, that Mr. Lincoln happily resolves the problem of abandoning none of the rights of the Confederation, while manifesting the most pacific disposition, and leaving to others the odium of aggression. His doctrine on this point may be summed up in this wise: in the first place, the separation is unconstitutional, it should be, it will be combated, nothing on earth can bring the President to accede to the destruction of the Union; in the second place, he will not be the aggressor, he will endeavor to shun a war which exposes the South to fearful perils; in the third place, he will fulfill the duty of preserving federal property and collecting federal taxes in the South. In other terms, he will employ the means which should have been employed on the first day, and which would have then been more efficacious. He will attempt the establishment of a maritime blockade, in order to reduce the rebellion of the whites without provoking the insurrection of the negroes. Already, the vessels of war have been recalled from distant stations. Alas! I have little hope that the precautions dictated to Mr. Lincoln by prudence and humanity will bear their fruits. The South raises an army and is about to attack Fort Sumter, knowing that it will thus expose itself to a formidable retribution. Mr. Lincoln, in fact, has not left it in ignorance of this: "In your hands, my dissatisfied fellow-citizens, in yours and not mine, is found the terrible question of civil war. The Government will not attack you; you will have no conflict, if you are not the aggressors. You have not, on your part, an oath registered in heaven to destroy the Government; whilst I, on my side, am about to take the most solemn oath to maintain, to protect and defend it."

Such is the respective position. Men will agitate, are agitating already, about the new President, to take away from his thoughts and designs this resolute character which makes their force. They attempt to demonstrate to him, not only that Fort Sumter, so easy to revictual under Mr. Buchanan, has now become inaccessible to aid, and that no other course remains than to authorize its surrender; but that Fort Pickens itself should be surrendered to the South, in order to reserve every chance of reconciliation and in no degree to assume the responsibility of civil war! I hope that Mr. Lincoln will know how to resist these enfeebling influences. After having demonstrated to him that it is necessary to deliver up the forts, they will demonstrate to him that it is necessary to renounce the blockade, which is not tenable without the forts; then, who knows? they will demonstrate to him finally that it is necessary to sign some disgraceful compromise, and submit almost to the law of the rebels.

Once more, it is prudent to foresee every thing, and it is for this that I mention such things. I count, moreover, on their not being realized. In electing Mr. Lincoln, the United States decided thus: Slavery will make no more conquests. What they have decided, they will ultimately maintain, even though they should have the air of abandoning it. They have respected and they will respect the sovereignty of the States; upon this point they will give all the guarantees that may be desired, and Congress, we have seen, has already voted an amendment to the Constitution, designed to offer this basis of compromise. But they will go no further than this; the North must feel that, of all ways of terminating the present crisis, the most fatal would be the disavowal of principles and the desertion of the flag.