Federal Constellation! With what acclamations will
Europe salute the future progress of the United States, as soon as their
progress shall have ceased to be that of slavery!

At present, the point in question is to liquidate a bad debt. The moment
of liquidation is always painful; but when it is over, credit revives.
So will it be in America. She has often boasted of the energetic
sang-froid of her merchants; when ruined, they neither lament, nor are
discouraged; there is a fortune to make again. In the same manner,
putting things at the worst, supposing the present crisis to be
comparable to ruin; there is a nation to make again, it will be re-made.
"Gentlemen," said Mr. Seward lately, in concluding his great speech in
Congress, "if this Union were shattered to-day by the spirit of faction,
it would reconstruct itself to-morrow with the former majestic
proportions."

A WORD OF PEACE

ON THE DIFFERENCES BETWEEN ENGLAND AND
THE UNITED STATES.

BY COUNT AGENOR DE GASPARIN.

A WORD OF PEACE.

* * * * *

Between the meetings of Liverpool and the ovations of New York, is there
not room for a word of peace? A word of peace, I know well, must be a
word of impartiality. The speaker must resign himself to be treated as
an American in England, and as an Englishman in America; but what does
this matter if truth make its way, and if an obstacle the more be raised
in the way of this horrible war, this war contrary to nature, which
would begin by ensuring the triumph of the champions of negro slavery,
and would end by exposing the cause of free institutions to more than
one perilous hazard?

There is one fundamental rule to follow in questions arising out of the
right of search: to distrust first impressions. These, are always very
vivid. An insult to the honor of the flag is always in question.
Patriotic sensibilities, which I comprehend and which I respect, are
always brought into play. It is impossible that these officers, these
stranger sailors, who have given commands and exacted obedience, who
have stopped the ship on its way, who have set foot on the sacred deck
where floats the banner of the country, who have interrogated, who have
searched, who have had recourse, perhaps, to graver measures--it is
impossible that they should not have called forth many sentiments of
anger and indignation. Even when practised with the most rigid
formalities, even when confined within t