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Untitled, July 26, 1864.

The abolition journals, in speaking of the rebel propositions for peace, strive to create the impression that the point of difference is upon the assumption of the rebel debt — they to pay their share of ours, and we to pay our share of theirs. This is not the objection urged by Mr. Lincoln. He expresses no dissent from that proclamation, but declares that he will not give even save conduct to an envoy bearing any terms which do not include the entire abolition of slavery. His minions cannot escape that issue. It is abolition, or war to enforce it — baldly that and nothing less.

Upon that issue we go before the people. No man can doubt the result.

— The above paragraphs have been in type since Saturday. The abolition war sheet of this city inquires, in its issue of yesterday, whether the REGISTER is willing that the people should assume the Confederate debt if the rebels will resume their allegiance. The REGISTER is certainly willing that they should do so. One year's expenses of the war we are now waging would overbalance the entire debt of the Confederacy — to say nothing of the suffering and sorrow and precious lives an immediate peace would save the country. And why does not the abolition war sheet have the candor to acknowledge that Lincoln himself offers no objection to consolidating their debt with ours — that he expressly tells them, if they will agree to the "abandonment of slavery" he will meet other "collateral points on liberal terms." By helping to pay the rebels debt the people of the United States might to-day have peace, prosperity, and the help of the rebels to pay our own; by refusing to pay it except as the rebels will "abandon slavery," we incur an expense greater than their entire debt — squander a hundred thousand lives, and plunge a hundred thousand homes in mourning.

"And its all for the nigger!"