upon the
ocean. This blockade, then, is to be abandoned during the armistice, for
there is to be a cessation of hostilities upon the ocean and the land.

During this interval of peace, when there is to be no blockade of the
Southern ports, what is to follow? By their own accounts and estimates,
the Confederates have within their limits, in cotton (at present
prices), tobacco, and naval stores, a value exceeding one billion of
dollars in gold. Now then, so soon as the armistice was agreed upon, the
war upon the ocean, including the blockade, having ceased, the whole of
this cotton, tobacco, and naval stores, would be shipped to Europe, or
partly to Nassau, on the way to Europe, and this enormous amount
realized by the Confederate government in gold. We know what tremendous
disasters have been produced by the cotton famine in England, France,
and other countries. Now, the first effect of such shipments would be
the total ruin of all our manufactures of cotton and other textile
fabrics. But another still more serious result would follow. We know
that Louis Napoleon is the bitter enemy of the Union; we know that he
has again and again declared that we could not suppress the rebellion;
that he has earnestly thrice endeavored to persuade the British
Government to unite with him in acknowledging the independence of the
South--twice through efforts made directly upon the British Cabinet, and
once through Roebuck and Lindsay, members of the House of Commons, to
induce it by a parliamentary vote to compel the British Ministry to
unite with the Emperor in acknowledging the independence of the South.
That Louis Napoleon is our bitter enemy, is proved also by the
French-Mexican war, in which England, and even Spain, separated from
him. It is proved also by the diplomatic correspondence of Jefferson
Davis, and by his friendly and approving recognition of the
establishment of the French Imperial Government in Mexico. It is further
proved by Louis Napoleon's own letter, in which he declared, that one of
the objects of the Mexican war was the establishment of the equilibrium
of the Latin race upon the American continent. It is farther
demonstrated by the proceedings of the French in Mexico, and especially
recently at Matamoras, in the mutual aid given and received by the
French and Confederate forces. Now, what is the meaning of establishing
the equilibrium of the Latin race on the '_American continent_'? In the
first place, it means Eu