dom. If Congress has been backward, the President has
advanced. This state-paper is the more interesting that it appears to be
the President's individual act, done under a strong sense of duty. He
speaks his own thought in his own style. All thanks and honor to the
Head of the State! The Message has been received throughout the country
with praise, and, we doubt not, with more pleasure than has been spoken.
If Congress accords with the President, it is not yet too late to begin
the emancipation; but we think it will always be too late to make it
gradual. All experience agrees that it should be immediate. More and
better than the President has spoken shall, perhaps, the effect of this
Message be,--but, we are sure, not more or better than he hoped in his
heart, when, thoughtful of all the complexities of his position, he
penned these cautious words.

* * * * *

COMPENSATION.

In the strength of the endeavor,
In the temper of the giver,
In the loving of the lover,
Lies the hidden recompense.

In the sowing of the sower,
In the fleeting of the flower,
In the fading of each hour,
Lurks eternal recompense.

A MESSAGE OF JEFF DAVIS IN SECRET SESSION.

CONJECTURALLY REPORTED BY H. BIGLOW.

_To the Editors of the_ ATLANTIC MONTHLY.

Jaalam, 10th March, 1862.

GENTLEMEN,--My leisure has been so entirely occupied with the hitherto
fruitless endeavour to decypher the Runick inscription whose fortunate
discovery I mentioned in my last communication, that I have not found
time to discuss, as I had intended, the great problem of what we are to
do with slavery, a topick on which the publick mind in this place is at
present more than ever agitated. What my wishes and hopes are I need
not say, but for safe conclusions I do not conceive that we are yet
in possession of facts enough on which to bottom them with certainty.
Acknowledging the hand of Providence, as I do, in all events, I am
sometimes inclined to think that they are wiser than we, and am willing
to wait till we have made this continent once more a place where
freemen can live in security and honour, before assuming any further
responsibility. This is the view taken by my neighbour Habakkuk
Sloansure, Esq., the president of our bank, whose opinion in the
practical affairs of life has great weight with me, as I have generally
found it to be justified by the event, and whose counsel, had I followed
i