The maintenance of slavery was, I think, a political mistake--a political mistake, not because slavery is politically wrong, but because the politicians of the day made erroneous calculations as to the probability of its termination. So the income tax may be a political blunder with us--not because it is in itself a bad tax, but because those who imposed it conceived that they were imposing it for a year or two, whereas, now, men do not expect to see the end of it. The maintenance of slavery was a political mistake; and Icannot think that the Americans in any way lessen the weight of their own error by protesting, as they occasionally do, that slavery was a legacy made over to them from England. They might as well say that traveling in carts without springs, at the rate of three miles an hour, was a legacy made over to them by England. On that matter of traveling they have not been contented with the old habits left to them, but have gone ahead and made railroads. In creating those railways the merit is due to them; and so also is the demerit of maintaining those slaves.

That demerit and that mistake have doubtless brought upon the Americans the grievances of their present position; and will, as Ithink, so far be accompanied by ultimate punishment that they will be the immediate means of causing the first disintegration of their nation. I will leave it to the Americans themselves to say whether such disintegration must necessarily imply that they have failed in their political undertaking. The most loyal citizens of the Northern States would have declared a month or two since--and for aught I know would declare now--that any disintegration of the States implied absolute failure. One stripe erased from the banner, one star lost from the firmament, would entail upon them all the disgrace of national defeat! It had been their boast that they would always advance, never retreat. They had looked forward to add ever State upon State, and Territory to Territory, till the whole continent should be bound together in the same union. To go back from that now, to fall into pieces and be divided, to become smaller in the eyes of the nations, to be absolutely halfed, as some would say of such division, would be national disgrace, and would amount to political failure. "Let us fight for the whole," such men said, and probably do say. "To lose anything is to lose all!"But the citizens of the States who speak and think thus, though they may be the most loyal, are perhaps not politically the most wise.