6 JULY 1861, Page 1

The war in America hangs fire, but we note the

reappearance of projects of compromise, each more unprincipled than the last, and .some decided steps taken towards the creation of a great regular army. The old organization has been broken up, and the North is to have an army of a quarter of a million of men divided into regiments of two thousand five hundred men each, commanded by officers regularly trained. This may yet prove the most important innovation intro- duced in America since the Declaration of Independence.