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But will the election of Mr. Lincoln endanger the Union? It is not a little remarkable that, as the prospect of his success increases, the menaces of secession grow fainter and less frequent. Mr. W. L. Yancey, to be sure, threatens to secede; but the country can get along without him, and we wish him a prosperous career in foreign parts. But Governor Wise no longer proposes to seize the Treasury at Washington,–perhaps because Mr. Buchanan has left so little in it. The old Mumbo-Jumbo is occasionally paraded at the North, but, however many old women may be frightened, the pulse of the stock-market remains provokingly calm. General Cushing, infringing the patent-right of the late Mr. James, the novelist, has seen a solitary horseman on the edge of the horizon. The exegesis of the vision has been various, some thinking that it means a Military Despot,–though in that case the force of cavalry would seem to be inadequate,–and others the Pony Express. If it had been one rider on two horses, the application would have been more general and less obscure. In fact, the old cry of Disunion has lost its terrors, if it ever had any, at the North. The South itself seems to have become alarmed at its own scarecrow, and speakers there are beginning to assure their hearers that the election of Mr. Lincoln will do them no harm. We entirely agree with them, for it will save them from themselves.

To believe any organized attempt by the Republican party to disturb the existing internal policy of the Southern States possible presupposes a manifest absurdity. Before anything of the kind could take place, the country must be in a state of forcible revolution. But there is no premonitory symptom of any such convulsion, unless we except Mr. Yancey, and that gentleman’s throwing a solitary somerset will hardly turn the continent head over heels. The administration of Mr. Lincoln will be conservative, because no government is ever intentionally otherwise, and because power never knowingly undermines the foundation on which it rests. All that the Free States demand is that influence in the councils of the nation to which they are justly entitled by their population, wealth, and intelligence. That these elements of prosperity have increased more rapidly among them than in communities otherwise organized, with greater advantages of soil, climate, and mineral productions, is certainly no argument that they are incapable of the duties of efficient and prudent administration, however strong a one it may be for their endeavoring to secure for the Territories the single superiority that has made themselves what they are. The object of the Republican party is not the abolition of African slavery, but the utter extirpation of dogmas which are the logical sequence of attempts to establish its righteousness and wisdom, and which would serve equally well to justify the enslavement of every white man unable to protect himself. They believe that slavery is a wrong morally, a mistake politically, and a misfortune practically, wherever it exists; that it has nullified our influence abroad and forced us to compromise with our better instincts at home; that it has perverted our government from its legitimate objects, weakened the respect for the laws by making them the tools of its purposes, and sapped the faith of men in any higher political morality than interest or any better statesmanship than chicane. They mean in every lawful way to hem it within its present limits.

We are persuaded that the election of Mr. Lincoln will do more than anything else to appease the excitement of the country. He has proved both his ability and his integrity; he has had experience enough in public affairs to make him a statesman, and not enough to make him a politician. That he has not had more will be no objection to him in the eyes of those who have seen the administration of the experienced public functionary whose term of office is just drawing to a close. He represents a party who know that true policy is gradual in its advances, that it is conditional and not absolute, that it must deal with facts and not with sentiments, but who know also that it is wiser to stamp out evil in the spark than to wait till there is no help but in fighting fire with fire. They are the only conservative party, because they are the only one based on an enduring principle, the only one that is not willing to pawn to-morrow for the means to gamble with to-day. They have no hostility to the South, but a determined one to doctrines of whose ruinous tendency every day more and more convinces them.

The encroachments of Slavery upon our national policy have been like those of a glacier in a Swiss valley. Inch by inch, the huge dragon with its glittering scales and crests of ice coils itself onward, an anachronism of summer, the relic of a by-gone world where such monsters swarmed. But it has its limit, the kindlier forces of Nature work against it, and the silent arrows of the sun are still, as of old, fatal to the frosty Python. Geology tells us that such enormous devastators once covered the face of the earth, but the benignant sunlight of heaven touched them, and they faded silently, leaving no trace, but here and there the scratches of their talons, and the gnawed boulders scattered where they made their lair. We have entire faith in the benignant influence of Truth, the sunlight of the moral world, and believe that slavery, like other worn-out systems, will melt gradually before it. “All the earth cries out upon Truth, and the heaven blesseth it; ill works shake and tremble at it, and with it is no unrighteous thing.”