Mr. Lincoln’s Inaugural Speech was of the kind usually called “firm, but conciliatory,”—a policy doubtful in troublous times, since it commonly argues weakness, and more than doubtful in a crisis like ours, since it left the course which the Administration meant to take ambiguous, and, while it weakened the Government by exciting the distrust of all who wished for vigorous measures, really strengthened the enemy by encouraging the conspirators in the Border States. There might be a question as to whether this or that attitude were expedient for the Republican Party; there could be none as to the only safe and dignified one for the Government of the Nation. Treason was as much treason in the beginning of March as in the middle of April; and it seems certain now, as it seemed probable to many then, that the country would have sooner rallied to the support of the Government, if the Government had shown an earlier confidence in the loyalty of the people. Though the President talked of “repossessing” the stolen forts, arsenals, and custom-houses, yet close upon this declaration followed the disheartening intelligence that the Cabinet were discussing the propriety of evacuating not only Fort Sumter, which was of no strategic importance, but Fort Pickens, which was the key to the Gulf of Mexico, and to abandon which was almost to acknowledge the independence of the Rebel States. Thus far the Free States had waited with commendable patience for some symptom of vitality in the new Administration, something that should distinguish it from the piteous