lly do. When the true plan of the South, veiled for a moment, shall
reappear, (and it must indeed reappear, unless it perishes before it has
begun to exist;) when the question shall be to increase and be peopled,
to make conquests and to reestablish the African slave trade; when the
serious purpose, in a word, shall have replaced the purpose of
circumstance, what will take place between the border States and the
cotton States? The profound distinction which exists between them will
then manifest itself, even if it does not break forth before. A new
South and a new North will be formed, as hostile perhaps as the old, and
less forgiving towards each other of their mutual faults, inasmuch as
they will be embittered by misfortune. Nothing divides people like a bad
cause that turns out badly. They think themselves united, they call
themselves united, until the moment when they discover that they have
neither the same end nor the same mind. I do not see why the victory of
Mr. Lincoln will have transformed the South, and suppressed the
divergencies which separated it into two groups: that of the Gulf States
voting for Mr. Breckenridge, that of the border States voting for Mr.
Douglas or Mr. Bell, and even casting ballots for Mr. Lincoln.

Not only will the Gulf States, the only true secessionists, never act in
concert with the border States, but they will not be long in seeing
parties spring up in their own bosom, which will be little disposed to
come to terms. A sort of feudal question, as is well known, is near
obtaining a position in the South; the _poor whites_ there are two or
three times as numerous as the planters. The struggle of classes may,
therefore, break out as soon as the effected secession shall have
banished to the second rank the struggle against the adversaries of
slavery.

The impoverishment of the South will not aid in calming its intestine
quarrels. European immigration, already so meagre in the slave States,
(Charleston is the only large American city whose population has
decreased, according to the last census,) European immigration, I say,
will evidently diminish still more when the South shall have taken an
independent and hostile position opposite the Northern States. Who will
go then to expose himself lightly to the fearful chances which the first
war with any country, American or European, may bring in its train? And
credit will go the same way as immigration: to lend money to planters,
whose entir