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The War.

--The Wilmington Journal, in an editorial comment upon recent events, comes to the following conclusion:

‘ We incline to the belief that things are working favorably — that, in fact, we are in a better position, and nearer rec tion and other more substantial advantages now, than at any previous period in the history of the Confederacy, and that, with a stern and determined effort, the war will be much less protracted than is generally supposed. From the first, we never supposed that the war could end before the close of the present year, even- although this summer might break its back. We still think it cannot be protracted much beyond the period we originally assigned to it. The message of Lincoln, urging a wily scheme for detaching certain border States from the Confederacy, indicates pretty conclusively that the thing is rapidly presenting itself to the Lincoln view, as a contest for boundaries, and that ulterior reconstruction, or subjugation, grows fainter and fainter to the view. We want the South, the whole South, and nothing but the South.

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