"In Missouri they have already caused us to lose a third or more of the Slaves owned at the time of the last census. In addition to this, I can make no estimate of the vast amount of property of every character that has been destroyed by Military operations in the State. The loss from general depreciation of values, and the utter prostration of every business-interest of our people, is wholly beyond calculation. "The experience of Missouri is but the experience of other Sections of the Country similarly situated. The question is therefore forced upon us, 'How long is this War to continue; and, if continued, as it has been, on our soil, aided by the Treason and folly of our own citizens, acting in concert with the Confederates, how long can Slavery, or, if you please, any other property-interest, survive in our States?' "As things now are, the people of the Border-States yet divided, we cannot expect an immediate termination of the struggle, except upon condition of Southern Independence, losing thereby control of the lower Mississippi. For this, we in Missouri are not prepared, nor are we prepared to become one of the Confederate States, should the terrible calamity of Dissolution occur. "This, I presume, the Union men of Missouri would resist to the death. And whether they should do so or not, I will not suppose for an instant, that the Government of the United States would, upon any condition, submit to the loss of territory so essential to its future commercial greatness as is the State of Missouri. "But should all other reasons fail to prevent such a misfortune to our people of Missouri, there is one that cannot fail. The Confederates never wanted us, and would not have us. I assume, therefore, that the War will not cease, but will be continued until the Rebellion shall be overcome. It cannot and will not cease, so far as the people of Missouri are concerned, except upon condition of our remaining in the Union, and the whole West will demand the entire control of the Mississippi river to the Gulf. "Our interest is therefore bound up with the interests of those States maintaining the Union, and especially with the great States of the West that must be consulted in regard to the terms of any Peace that may be suggested, even by the Nations of Europe, should they at any time unfortunately depart from their former pacific policy and determine to intervene in our affairs. "The War, then, will have to be continued until the Union shall be practically restored. In this alone consists the future safety of the Border-States themselves. A separation of the Union is ruinous to them. The preservation of the Union can only be secured by a continuation of the War. The consequences of that continuation may be judged of by the experience of the last twelve months. The people of my State are as competent to pass judgment in the premises as I am. I have every confidence in their intelligence, their honesty, and their patriotism.