The Nashville Democrat of the 16th inst. has a slashing article on President Jefferson Davis and the new Confederacy, from which we extract as follows:

This same blusterer, in a speech few years ago, ventured to slander the Tennessee volunteers. We know what we say; when we assert that, with all his bluster, Tennessee could, if so disposed, subdue the whole Cottonocracy in a short time. He calculates now on the soldiers of Tennessee to aid him in his wicked and fiendish purpose of breaking up this glorious government.

He is as proud and as vain as Beelzebub. He thinks that he holds the “kingdoms of the world, and the powers thereof,” in the hollow of his band. He is looking for the English Government to bow to him. He says the English Government will acknowledge the Cottonocracy.