The recollections of this great contest, with all its common traditions of glory, of sacrifices, and of blood, will be the bond of harmony and enduring affection amongst the people, producing unity in policy, fraternity in sentiment, and joint effort in war. Nor have the material sacrifices of the past year been made without some corresponding benefits. If the acquiescence of foreign nations in a pretended blockade has deprived us of our commerce with them, it is fast making us a self-supporting and an independent people. The blockade, if effectual and permanent, could only serve to divert our industry from the production of articles for export, and employ it in supplying commodities for domestic use. It is a satisfaction that we have maintained the war by our unaided exertions. We have neither asked nor received assistance from any quarter. Yet the interest involved is not wholly our own. The world at large is concerned in opening our markets to its commerce. When the independence of the Confederate States is recognized by the nations of the earth, and we are free to follow our interests and inclinations by cultivating foreign trade, the Southern States will offer to manufacturing nations the most favorable markets which ever invited their commerce. Cotton, sugar, rice, tobacco, provisions, timber, and naval stores will furnish attractive exchanges. Nor would the constancy of these supplies be likely to be disturbed by war. Our confederate strength will be too great to attempt aggression; and never was there a people whose interests and principles committed them so fully to a peaceful policy as those of the Confederate States. By the character of their productions, they are too deeply interested in foreign commerce wantonly to disturb it. War of conquest they can not wage, because the Constitution of their Confederacy admits of no coerced association. Civil war there can not be between States held together by their volition only. This rule of voluntary association, which can not fail to be conservative, by securing just and impartial government at home, does not diminish the security of the obligations by which the Confederate States may be bound to foreign nations. In proof of this, it is to be remembered that, at the first moment of asserting their right of secession, these States proposed a settlement on the basis of a common liability for the obligations of the General Government. Fellow-citizens, after the struggles of ages had consecrated the right of the Englishman to constitutional representative government, our colonial ancestors were forced to vindicate that birthright by an appeal to arms. Success crowned their efforts, and they provided for their posterity a peaceful remedy against future aggression.