Day One policy for the CS is to build industry that can match the Union, yet in places where the Union can't easily strike at it. Assuming the traditional route of Confederate victory (Lee routs at Gettysburg, Anglo-French recognition and intervention follow) the Confederacy will have some kind of ally in Britain and France. In my view, Davis will endorse Lee to run, and Lee wins. (With a shorter CW, Lee won't have that amount of stress exacerbating hiss heart trouble) Lee, ever the pragmatist, would seek a gradual and compensated emancipation, hopefully done slow enough to satisfy the aristocrats and yet swiftly enough to keep Britain and France in their corner. By 1890, Slavery is dead, CS Industry has been built with aid from France and Britain, Cuba will soon either be bought or conquered, Maximilian is on the Mexican throne, and the CS has allies in Mexico, France, Brazil and Britain. Not a bad alliance, if I do say so myself.