and its
evils endured by those who cherish it, hundreds of miles away; while _to
us_ it is a positive advantage. By obstructing the mechanical and
manufacturing development of the South, it dooms her products, her
commerce, her navigation, to build up Northern marts and factories; by
its restriction of Southern industry mainly to the plantation, it opens
broad avenues for the disposal of our wares. The sin and the sorrow are
monopolized by the South: the gain and the good enure to the North.' How
short-sighted and fallacious is this calculation, I need not here
demonstrate: suffice it that it is very generally made, and that the
result is not merely a general mercantile callousness to the iniquities
of the slave-holding system, but a current sentiment which regards it
with active and positive favor.

V. Disunion being an accepted fact, and peace restored on that basis,
the Republican party, which has ineffectually resisted the aggressions
of the Slave Power and directed the national effort to maintain and
preserve the Union, is beaten and prostrate. The Democratic party
rallies under the banner of 'Reunion at any price.' What price will be
accepted? Simply and obviously, _Adoption of the Montgomery
Constitution, and application for admission under it into the Southern
Confederacy_. True, that Constitution inexorably prescribes that

'The citizens of each State shall have the right of transit and
sojourn in any State of this Confederacy with their slaves and
other property; and the right of property in said slaves shall not
thereby be impaired.'

'Sojourn in any State,' you perceive--'not for a day, but for all time.'
That clause alone makes Slavery universal and imperative throughout the
Confederacy, and no State can evade or override it. But again:

'The Confederate States may acquire new territory * * * * in all
such territory, negro slavery, as it now exists in the Confederate
States, shall be recognised and protected by Congress and by the
territorial government; and the inhabitants of the Confederate
States and Territories shall have the right to take to such
territory any slaves lawfully held by them in any of the States or
Territories of the Confederate States.'

There are more provisions like these; but they are not needed to make
every State that adheres to the Confederacy a Slave State, and every
foot of territory which may be conceded to or acquired