_Liberator_, with the kindest intentions, but most erroneously, credits us. We should be glad enough to see it, were it possible; but, knowing that the immediate-action theory has been delaying the cause for thirty years, we have invariably suggested the _firm_ but gradual method. That method has at last been formally advanced by the President, in a manner which can reasonably give offense to no one. The beginning has been made: it is for the country to decide whether it--the most important suggestion of the age--shall be realized. * * * * * The news of the capture of Fort Donelson had barely reached us, the roar of the guns celebrating our rapid successes had not died away, ere that fragment of the Northern ultra pro-slavery party which had done so much towards deluding the South into secession, impudently raised its head and began most inopportunely and impertinently to talk of amnesty and the rights of the South. There are things which, under certain limitations, may be right in themselves, but which, when urged at the wrong time, become wrongs and insults; and these premature cries to restore the enemy to his old social and political standing are of that nature. They are insufferable, and would be ridiculous, were it not that in the present critical aspect of our politics they may become dangerous. Since this war began, we have heard much of the want of true loyalty in the ultra abolitionists, who would make the object of the struggle simply emancipation, without regard to consequences; and we have not been sparing in our own condemnations of such a limited and narrow view,--holding, as we do, that emancipation, if adopted, should be for the sake of the _white man_ and the Union, and not of the negro. But 'Abolition' of the most one-sided and suicidal description is less insulting to those who are lavishing blood and treasure on the great cause of freedom, than is the conduct, at this time, of those men who are now, through their traitorous organs, urging the cry that the hour is at hand when we must place slavery firmly on a constitutional basis; this being, as they assert, the only means whereby the Union can ever be harmoniously restored.