The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-25
Tho Situation or tho Country-Thc Re
cent Bnttlcs--Future Prospects.

Ccht 0nttAcs-FuIure prospects
The abolition journals of this city, true to
the incendiary tactics which they have lately
adopted, in order to embarrass the admins
tration and excite CONSERVATION among the
people, took pains yesterday, to represent the
recent battle at Edwards Ferry in the darkest
colors, and as fraught with terrible disaster to
the Union army on the Potomac. AS Wall street
is the barometer of feeling in financial circles,
every effort was made TO create depression
there, ana it was confidently anticipated that
there would be fall in the price Of stocks and
public securities, which would add TO the gloom
that had been thrown over the community.
These shameful attempts to deceive the public
failed, and stocks have advanced instead of
declining. TIE fact s, that, although severe
engagement has taken place, in acquiring pos
session Of the right bank of the Potomac and q
considerable loss Of life has been experienced.
the success achieved can scarcely be exaggerated
in Importance and the federal cause has OBJ
tanned triumph which must be a subject Of
universal rejoicing. It has put the entire right
bank Of the Potomac, from Point of Rocks to
Washington city, in possession Of our brave
troops, and has utterly broken up the plans Of
the rebels, who had, as q fent to deceive Gen.
Mcclellan, thrown heavy force on the lower
shore Of that river.
The news which has been received within the
last twenty -four hours, from all parts Of the line
Of operations, on the frontier and coasts Of the
rebel States, is in the highest degree satisfactory.
The intelligence that has reached us from Santa
Rosa Island, New Orleans, Missouri, Kentucky,
and the Potomac, shows that the valor of our
gallant soldiers has everywhere been crowned
with victory, and that the wild inventions of
the enemy, claiming triumphs for themselves,
have been fctions, without tie basis of n fonnda-
ton. Instead of meeting with serious re-
verse, on the 18th inst, at the mouth Of the
Mississippi river, as has been SO confidently
asserted, for some days past, it proves
that not a life or ship was lost there:
that the report of vessel sunk was
untrue, and that the object had been gained of
knowing what are the designs of the rebel lead
ers in Louisiana, without any delrment to our
selves whatever. The alleged Union rout on
Santa Rosa Island, on the 18th Of October, APP
pears, from the accounts published in another
part OF to-day's HERALD, to have been signal
and glorious success But fourteen of our men
fell, while the rebels admit a severe loss. proba-
bly, OF not less than between one and two hun
dred killed in flight or battle Thus, in Vir-
gina, Missouri, Kentucky, as well as on our
sea coast and the Potomac, loyal citizens have
abundant cause to congratulate themselves that
the war is beginning TO be carried on with
vigor and as il should be.
The situation Of things justdes the anticipa-
ton of magnificent campaign. Returns from
the loyal States of the number Of men in the
field, fully equipped, in marching ORDER and for
the most part well disciplined, show that they
have sent forth 425,50O soldiers, prepared to