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Abolition Plots and Counterplots.

In the midst of the most stupendous campaigns of the war, when the hopes and fears of the nation hang alternating equally in the balance, the schemers at Washington are watching the operations of our armies with a cold criticism, which only beholds possible advantage or disappointment to their hopes or those of their political friends. The abolitionists have "bought an elephant" in Honest Abe, and are doing their very best to get rid of him; but as most of the delegates to Baltimore are already bound by instructions in his favor, they scarce know how to play their cards. It will not do to postpone the convention, but the latest idea of the anti-Lincoln faction is that although the convention must meet, it will not nominate on the 7th, but adjourn until a later period. By this means they hope to satisfy the requirements of those who have been instructed for Lincoln, but are anxious to find some loop-hole of escape from a position they now see ought never to have been assumed.

A well-posted correspondent of a New York journal at Washington, exposes this programme of the anti-Lincoln men. He says that Messrs. Seward and Weed have arranged with Senator Morgan, who is head of the national committe, that the Baltimore convention shall not be postponed, but shall meet on the 7th of June, and shall then adjourn to some day in August or September. Lincoln's patronage will be used, down to the last moment, in electing delegates, and in organizing the convention. For the adjournment, nobody will be responsible, and the attempt will be made to fool the president down to the moment of the adjourned convention. If his eyes are once open to the fact, he will see that the movement is fatal to him.

Senator Morgan is not without aspirations for the presidency or vice-presidency.

Mr. Chase's particular friends have been urging a postponement of the Cleveland convention to the 6th of June at Baltimore, in hopes of dictating the name of the ambitious secretary to the convention on the succeeding day. The Fremont camarilla reluct at this, and have broken with Pomeroy, Opdyke, Stevens & Co.

Fremont is urged to address to the Cleveland convention a letter declining the nomination, but vigorously attacking the administration, and presenting the name of Grant. He awaits events. Nothing is so certain as that Lincoln must fall under these concerted enmities. A political anaconda is folding about him. To the democracy, the quarrel presents about the same interest as did the celebrated contest between her husband and a bear to the old lady we have all heard of.