The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-29

sales embraced about 400 bales in transit private
terms We continue TO quote lots from store at l4c for
middling uplands Flour was In fair demand and COM
and medium grades were rather Armer while extra
and family brands rather heavy, though without
change Of moment in prices Wheat in good export
and milling demand, and sales active, closing without
change OF moment In quotations. Corn active erd
In good demand, In part for export, while the mar
ket closed at frmer prices. Pork WAS heavy
and dull, closing st lower rates for prime
City and Western sold at SIC rs ST. and prime
at $12 rs $12 50. Sugars were in fair demand with
sales Of about 100 bids and s5Oobsgs at prices given
including 600 bags St. Domingo 200 do Rio and about
200 do Maracaibo Freighs were steady, with fair
gagements of and wheat to Liverpool at 3d. 834d
in bulk and bags and wheat taken for London at
ED, In ships bags.
The War for the Unfon-The Work Done
and the Work Before Us.
Forty days ago the capital Of the United
States was in such imminent danger that we Of
the loyal North were prepared to hear at any
moment of the expulsion of our federal
authorities and the occupation OF Wash
ington by Southern revolutionary force in
behalf of Jefferson Davis. Various bodies Of
his troops were moving about in Virginia
within striking distance of the city; seoes-
sion reign of terror threatened it in the rear
and, thus encircled and infested by desperate
insurgents, it might have been captured in a
night surprise by four or five thousand men;
for the defensive forces within the city were
limited to two or three regiments, broken up
into small detachments and widely separated
from each other. Such was the perilous stua-
ton of our capital, our government and our
country forty days ago. Within this brief in
terval, however, the work achieved in behalf
of the Union has so completely changed the
face of affairs that we have strong faith in the
speedy suppression Of this whole Southern
rebellion.
The alarm being sounded, loyal Union army
of three hundred thousand men has sprung
up from the earth, as by magic, extending from
the Chesapeake Bay to the Mississippi river,
and, facing southwark, Washington has been
rendered perfectly secure; the State of Mary
land, by main force, has been dragged from
the very brink of destruction; Missouri has
been saved from consuming Kansas border
war; Kentucky has been preserved from 80
cession reign of terror; and while the swarming
Union legions of the Northwest are impatient
for descent upon New Orleans the gathering
Union armies of the East are eager for the oc-
cupation of Richmond. Such are the develope-
ments of our active Union land forces, called out
from the body of the people, and armed aud
equipped within this brief interval of forty
days. Meantime, the operations of the govern
ment by sea have rendered Fortress Monroe
and our blockading squadron the lock and key
Of the navigable waters of Virginia, have re-
duced Southern direct trade with foreign Pow
ers to dreadful delusion under Southern
confederacy, and have rendered Fort Pickens,
on the Florida coast, nut so hard to crack
by secession instruments that the attempt will
most probably be abandoned.
This call Of the loyal States to the rescue of
the government has resulted in other and still
more important disclosures. We see that men
and money to any extent are at the service OF
the government in this war for the Union, and
that the only general ground of complaint is
that the government does not accept one halt
the regiments that are offered it. We see
that the universal idea, desire and purpose
of the loyal States is at once to carry this war
into Africa, ard to end it in single over
whelming and decisive campaign. On the
other hand, il is already manifest that ou,
Southern insurgents have discovered that they
reckoned without their host in embarking in
this Utopan scheme of Southern millennium
under Southern confederacy. Their pro-
visions are already falling short, and their sup
plies from the granaries of the great Northwest
are cut of. They are already straitened TO-
clothing, and the manufactures of the North
east and of Europe are closed against them
Worst of ALL their financial affairs are reduced
even now to shinplasters redeemable in taxes,
to bank notes redeemable in specie at from ten
to twenty per cent discount, and to forceo
loans, and worthless Treasury notes, and TO a
taxation Of from twenty to forty dollars per
head upon slaves.
With the revolted States thus locked 10 Il
their own resources, and with their substantial
means spr warlike operations thus diminished
ard weakened in forty days, it would appea,
impossible for them 10 hold out to the end Of
the year. The Confederates at Montgomery
understand their desperate situation, and it is
driving them to desperate extremities. They
know very we'll that their sinking cause
can only be maintained by the undis
puted possession Of Virginia, and they know
too, that Virginia Is slipping through
their fingers. If they lose her, they lose Ten
nessee and North Carolina; and then, from
their utter helplessness, the unsupported cotton
States in this rebellion will be compelled to
give il up. One-half their population being
slaves, they surely will not risk the hazards OF
Northern INVASION with General Buffers un.
answorable judicial decision, that negroes, the
property Of men in arms against The govern
nie,lt, are contraband Of war.
The Montgomery Conicderates, therefore,