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whites, the poor and ignorant whites, and the servile class, would seem naturally to point to an aristocratic or constitutional-monarchical form of government. But, in their transition state, difficulties are to be met in all directions; and the well-ordered social distinctions of a constitutional monarchy seem hardly consistent with the time-honored licentious independence and rude equality of Southern society. The reign of King Cotton, however, conducted under the present policy, must inevitably tend to increase and aggravate all the present social tendencies of the Southern system,-- all the anti-republican affinities already strongly developed. It makes deeper the chasm dividing the rich and the poor; it increases vastly the ranks of the uneducated; and, finally, while most unnaturally forcing the increase of the already threatening African infusion, it also tends to make the servile condition more unendurable, and its burdens heavier. The modern Southern politician is the least far-seeing of all our short-sighted classes of American statesmen. In the existence of a nation, a generation should be considered but as a year in the life of man, and a century but as a generation of citizens. Soon or late, in the lives of this generation or of their descendants, in the Union or out of the Union, the servile members of this Confederacy must, under the results of the prolonged dynasty of Cotton, make their election either to purchase their security, like Cuba, by dependence on the strong arm of external force, or they must meet national exigencies, pass through revolutions, and destroy and reconstruct governments, making every movement on the surface of a seething, heaving volcano. All movements of the present, looking only to the forms of government of the master, must be carried on before the face of the slave, and the question of class will ever be complicated by that of caste. What the result of the ever-increasing tendencies of the Cotton dynasty will be it is therefore impossible to more than dream. But is it fair to presume that the immense servile population should thus see upturnings and revolutions, dynasties rising and falling before their eyes, and ever remain quiet and contented? "Nothing," said Jefferson, "is more surely written in the Book of Fate than that this people must be free." Fit for freedom at present they are not, and, under the existing policy of the Cotton dynasty, never can be. "Whether under any
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