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The two war Debts.

--Mr. J. L. O'Sullivar, of New York, late Minister of the United States to Portugal, has written a lengthy and eloquent letter in favor of "peace at all hazards." His letter is dated at London, 13th April, 1863, and contains this declaration:

As a trustee I would at this moment prefer to place trust funds for permanent investment in the Southern war debt, at par, rather than in the Northern at one-fourth of its face. The one can be paid and will be paid, the other neither will nor can.

The Daily Dispatch: June 25, 1863. Richmond Dispatch. 2 pages. by Cowardin & Hammersley. Richmond. June 25, 1863. microfilm. Ann Arbor, Mi : Proquest. 1 microfilm reel ; 35 mm.

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