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Lincoln's Inaugural.

We lay Mr. Lincoln's inaugural speech before our readers this morning. From a hasty perusal of it, and making due allowance for telegraphic errors, we regard it as a conservative document, favoring compromise and peace. It is as simple as his way-side speeches, and there is a little consolation in it for everybody. The streaks of apparent coercion are put in to quiet the radicals, but will never be carried out.

Mr. Lincoln says he takes the oath to support the constitution and laws, with no mental reservation; that the interests of all sections shall be preserved: he does not believe in the right of secession, but admits the right of revolution; he is in favor of holding forts and other property belonging to the United States, and of enforcing the laws, but when there is great hostility will forego such effort for the present; he will continue to furnish the mails to the seceding states; he will try to bring about a peaceful settlement; he is in favor of a strict enforcement of the fugitive slave law, and the decisions of the supreme court; he is in favor of a settlement before war, as we must eventually settle, even if we go to war; he is in favor of a national convention; he is in favor of the Corwin compromise, which has passed congress, and thinks the people will eventually do justice to all parts of the union.

The telegraph says Mr. Lincoln submitted his inaugural to Mr. Seward, who concurred heartily in the greater part, but suggested a few modifications, which were accepted.

We have only time now to say that, it is a more conservative document than we expected, and predict that Mr. Lincoln will, within a week from this time, be denounced by those who voted for him, as a traitor to the republican party.