New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-10
THE NET RESULTS.

The Lincoln Administration, which has now been
In power six months, if called upon to report the
progress il has made in putting down the Southern
rebellion would be puzzled to make a satisfactory
exhibit satisfactory, we mean, to those who
thought the South could be easily conquered, and
who were in favorof a short and decisive war. If
some mathematical genius of that party were to
sit down and make out s regular account current
with Z the rebellion dating from the fourth of
March last, the balance in favor of the Federals,
whether of money or OF glory, would not we rather
think, turn out to be altogether overwhelming.
In a financial point of view we know that the
Northern Government is already deeply in debt
and is doing its best to increase that debt by the
additional sum of Ave hundred millions of dollars.
We know that while the debt is daily Increasing,
the. revenue from ordinary sources has almost
wholly ceased. We know that their foreign credit
IS destroyed, and their home credit very nearly so.
We know that the Government is a supplicant for
money from the banks, and that the latter dictate
their owl terms as to the trifing temporary sup
plies which they have consented to dole out. If,
IN the midst Of these fina ncial embarrassments the
baboon dynasty at Washington could extract any
consolation nom their prospects of future success
in putting down the rebellion, their condition
might not be SO gloomy. But they are, themselves
forced to admit that the rebellion instead Of being
crushed, has more obstinate appearance than
ever. 5-- ,. ,5
If they have won any glory, the fact does not
yet appear. Their march 10 Richmond has been
| checked and the project abandoned. Their sudden
seizure of Western Virginia. before our troops
could be sent there has proved of no practical adj
| vantage, and instead of marching forward, they
are now contriYing, in one wayor another to save
themselves from being cut to pieces by retracug
their steps. They have been met and defeated in
Missouri, ana they have been and are yet, penned
up in Fortress Monroe in Lower Virginia. afraid TO
come ont. -sfT,E
Such are the net results Of six months Of the ex-
perimento of suhauing the South. My Lords,'' said
Chatham, " you cannot conquer America 1t
took the1British nation several years to learn that
fact, but six months have sufficed to show the
Yankees that they cannot conquer the South.
They do not openly admit it, and probably never
will. But, actions which speak louder than
words already show it, in the defensive attitude
everywhere assumed on land by the Federals, and
the extraordinary spectacle which is presented, of
an army which started out for iapasiof now
anxious only TO defend itself behind its own fortifi
cations against the advance of the Confederate
forces. 5t' 81 Ea.
sixweeks ago, We were on the defensive every
where, and the enemy was waging an offensive
war against as. Now, our positions are precisely
reversed, and they are retreating to their strong.
holds before OUT advancing hosts. Was ever SO
singular spectacle presented in the case of an
army which started out avowedly for conquest?.
This circumstance, itself an indirect confession
Of defeat. The purpose for which the Federal
army was raised does not admit of retreat-does
not admit even Of inaction. By the very aim and
object Of its Organization it is bound to advance
Not to advance is to confess itself defeated of the
object " hieh it was organized TO effect. rs.
Z II this is the net result of six months of war
we would like to know by what rule or process of
calculation the South is to be subdued. Surprising
Virginia to be oTerrtin, then comes North Carolina
and then all the other States down to Mexico, In
all 1.-the history Of the world, ancient, mediaval and
modern. there has never been an instance recorded
Of such absolute folly, stupidity, and even insanity
as this undertaking to subdue and put down the
twelve millions of people who inhabit the South
n Lords, you cannet conquer America Y (