A sum.ssry of the President's Message sent in on the
4th inst. has reaclicd London. It is a little obscure as to reconstruc- tion, the only point certain being that the President insists on the acceptance of the constitutional amendment abolishing slavery as the condition precedent of re-entry. Ile desires also that treason should be judicially declared to be a crime and secession to he illegal. He reports that since January the navy has been reduced from 530 vessels to 117, proposes to reduce the army to 50,000 men, with arrangements for raising it to 80,000 when neceesary, and observes that the war estimate has been reduced from 103,000,000/. to 6,500,0001., though according to the Secretary to the Treasury the deficit of the year ending June, 1860, will still be 23,000,000/. As to France, the President hopes that he shall not be compelled to defend Republicanism on the American conti- nent; and as to England, thinks her in the wrong in refusing arbitration, holds the matter "involves questions of public law of which a settlement is essential to the peace of nations," but thinks "the future friendship of the two nations must rest upon the basis of mutual justice." Altogether in its reported form the Message seems to have been a sensible and pacificatory document.
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