Far from being a humiliation to the Government at Washington, this act of wisdom would be one of its brightest titles to glory. It would prove that it is not wanting in moral power, that men calumniate it in representing it as the slave of a bad democracy, incapable of resisting the clamor of the streets, and of accepting, for the safety of the country, an hour of unpopularity.

Let it believe us, its true friends, that in arresting Messrs. Mason and Slidell, it has done more for the cause of the South than Generals Beauregard or Price would have done by winning two great victories on the Potomac and in Missouri. Messrs. Mason and Slidell are a hundred times more dangerous under the bolts of Fort Warren than in the streets of Paris or London; what their diplomacy would not certainly have obtained for them in many months, Captain Wilkes has procured for them in an hour. See what rejoicing is taking place in the camps of the Southern partisans! They were beginning to despair; recognition, that only chance of the defenders of slavery, seemed farther off than ever; the recent successes of the Federal army announced the commencement of a great change in affairs. The war was carried from the suburbs of Washington to the heart of South Carolina itself; the only resources of consequence remaining, were those that might spring up during the winter from the discontent of our industrial centres. Yet behold, suddenly, the state of affairs transformed; recognition becomes possible, the blockade is threatened, the United States are in danger of being forced to turn from the South to face a more redoubtable foe!

Really, what has Mr. Jefferson Davis done for you, that you should render him such a service!

Let us now turn to England, and tell her also the truth.

So long as England shall not treat the affair of the Trent on its own merits and with coolness, so long as she shall give ear to those falsehoods invented by passion, which envenom questions of this sort, and exclude conciliatory measures and pacific hopes, she will labor actively to destroy all that she has gloriously built upon earth. It is impossible to imagine the consequences, fatal to every form of liberty, which such a policy would comprise within itself.

It was at first supposed that Captain Wilkes had acted by virtue of instructions, and that Mr. Lincoln's Government had expressly ordered him to seize the Southern Commissioners on board the English vessel. Now it is found that Captain Wilkes, returning from Africa, had no instructions of any sort. He acted, to use his expression, "at his own risk and peril" like a true Yankee.

It was next supposed that Mr. Lincoln's Government had conceived the ingenious project (such things are gravely printed and find men to believe them!) of seeking of itself a rupture with England. It was in need of new enemies! It hoped, by this means, to rally to itself its present adversaries! It was about to give over combating them, and to seek compensation through the conquest of Canada! I have followed the progress of events in America as attentively as any one, I have read the American newspapers, I have received letters, I have studied documents, among others the famous circular of Mr. Seward; I have seen there more than one sign of discontent with the un-sympathizing attitude of England; I have also seen there the symptoms of the somewhat natural fear which the intervention of Europe in Mexico excites in men attached to the Monroe doctrine; but as to these incredible plans, I have never discovered the slightest trace of them. I add, that a marked return towards friendly relations with England will be manifested the moment that the latter shows herself more amicable towards America.

If there is any quality for which credit cannot be refused to the Government of Mr. Lincoln, it is precisely that of moderation and good sense. He has not taken very high ground—he has abstained, far too much, in my opinion, from laying down those principles, from uttering those words which create sympathies, and make the conscience of the human race vibrate in unison. Say that he is a little prosaic, a little of the earth, earthy; do not say that he blusters, and that the best thing that England can do is to attack him without waiting to be first attacked.

In order to support, right or wrong, a fable which has found but too ready belief, another story was invented: the Government of Mr. Lincoln was at the end of its strength; despairing henceforth of conquering the South, it wished at any price to procure a diversion. Those who hold such language have doubtless never heard either of the Beaufort expedition, or of the evacuation of Missouri by the Confederate troops, or of the victory recently gained in Kentucky. They do not know that the United States have accomplished the prodigy of putting half a million of men under arms, that acts of insubordination have nearly ceased, that volunteers for three years have everywhere replaced the three months' volunteers. They do not know that the finances of the country are prosperous, and that Mr. Chase, the Secretary of the Treasury, has just negotiated, under favorable conditions, the last part of his loan. I recommend them to read the last letters of Mr. Russell, the correspondent of the Times; they will see there what an impartial witness thought lately of the respective chances of the North and South.

Yes, before the intervention of the San Jacinto,—that involuntary ally of the South, to whom the inhabitants of Charleston themselves ought to vote swords of honor—before the San Jacinto, the situation of the United States presented the most favorable aspect. Since that time, I admit, it has changed. Let us see now whether English indignation has not given to the act of Captain Wilkes greatly exaggerated proportions.