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his own sympathies that the Jeff. Davis Government had conclusively resolved to free and arm the slaves; that two hundred thousand of them would soon be equipped and put in the field to fight us, under the stimulus of the promise of their own liberty and that of their wives and children, and of a proprietary interest in the soil. In this desperate war policy, intelligent men hear Jeff. Davis's reply to Francis P. Blair's proposition for peace. A Reminiscence of the Chickahominy. Lincoln, on Monday, in answer to a resolution of the House, communicated the report of Colonel Thomas M. Key, giving an account of the interview between himself and General Howell Cobb, on the 14th of June, 1862, on the banks of the Chickahominy. The report is addressed to the Secretary of War. Colonel Key says: "I am instructed by Major General McClellan to report to you the substance of an interview held by me with the Hon. Howell Cobb, now acting as a brigadier-general in the rebel army a
d in full in the New York Tribune and other New York papers. Mr. Blair's ostensible business in Richmond, or rather presumed business here, for there is nothing ostensible about him, or his business, or movements, is to ascertain whether anything can be done to bring about a cessation of hostilities — an end of the war. We think his real business is to place the Lincoln Administration in a good position before the Northern people, who are just now called upon to fill up another draft. Lincoln knows that the propositions he will make are such that they will be spurned by our Government; but our rejection of them will enable him to go before his people, and, with Blair's aid, to prove that the "rebels" will accept of no terms of peace, and that nothing is left him but a vigorous prosecution of the war. Mr. Blair will return to Grant's lines on Saturday if the freshet subsides sufficiently to enable a flag-of-truce boat to go down the river. We have no news from the South