59/68 The prosecution of the war can lead only to the exhaustion of the North by an expenditure of life and money on an enterprise in which success and failure would be alike disastrous. It must tend to the utter devastation of the South. It would at all events occasion a suspension of Southern cultivation which would be calamitous even more to England than to the Northern States themselves." [Footnote 162: Hansard, 3rd.Ser., CLXII, p. 1763.] [Footnote 163: _Ibid._, pp. |