The Nashville Daily Union

Peace Propositions.

We did not think it worth while to offer a word of comment on the dispatch which appeared a few days ago in our columns, stating that certain peace propositions had been tendered by the rebels to our Government; not supposing that anybody would believe one word of the story. The Louisville Journal, of the 2d inst., however, takes the trouble to argue against its probability; but late Southern newspapers indicate that such an offer is believed to have been made to the Federal Government, in the South. The correspondent of the Savannah Republican, writes thus of the matter:

"Nothing further has transpired in regard to the proposition reported to have been made by Gen. Lee to the Federal Government, and alluded to in a former letter of mine. I am credibly informed that such a proposition as that described was certainly made, and under circumstances that encourage the hope of its acceptance. Recent events, however, may have given a different turn to the affair."

This is tolerably positive language and from a source too, which is entitled to more than ordinary credence. We still disbelieve the story however; but the mere fact that the rumor has come from the rebellious States, that offers of peace have been made, shows that a peace party is growing up in the South. The war may last for some time to come, but the days of a regularly organized rebel Government are nearly ended. If the Richmond dynasty would disband its armies, and fly the country, we would have not the slightest apprehension that such creatures as Hannis could rally a corporal's guard of "rebels," or prevent nine-tenths of the deceived, betrayed and outraged people of the South from joyfully flying to the Union for protection. We do not mean to say that nine-tenths of the South are loyal,—far from it; but even the rebels themselves are becoming discouraged, and despair of success.