These,  then,  are  the  reasons  which  lead  me  to  believe  that  you  will  not
succeed  in  your  enterprise  of  destroying  this  Union  and  erecting  a  new
slaveholding  and  slave-trading  empire  on  its  ruins.  I  have  still  to  consider
the  duty  of  the  north  and  the  true  policy  of  the  South  in  the  political  crisis
which  you  have  brought  upon  the  country.  But  that  I  must  reserve  for  a
concluding  letter.
IV.  THE  PRECISE  NATURE  OF  THE  PENDING  ISSUE  — THE
DUTY  OF  THE  NORTH  AND  THE  TRUE  POLICY  OF  THE
SLAVEHOLDING  STATES.
New  Tork,  Tuesday,  Dec.  25, 1860.
Hon.  W.  L.  Yancey,  —  Sir  :  In  my  last  letter  I  gave  you  my  reasons  for
regarding  Secession  as  simply  Revolution,  and  for  believing  that  it  can
neither  be  peaceful  nor  successful.  I  propose  now  to  state  my  understanding
of  the  nature  of  the  contest,  and  my  reasons  for  hopiug  that  it  will  not  be
compromised  nor  postponed,  but  finally  settled,  by  whatever  process  and
through  whatever  tribulations  may  be  necessary.
