The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-02
The Events OF Week-A Dissolvtng
View or the Rebellion.

The Events OF week-A Dissolving
View or the Rebellion.
On Monday last the patriotic and indignant
people of this metropolis and Of our loyal
States were all alive with renewed military ac-
tivity under the idea that the overwhelming
rebel forces which had repulsed the brave
General Banks and his heroic little army from
the Shenandoah valley actually menaced the
rear of Washington. A week has elapsed, and
within this brief interval the tables have been
so completely turned that we have now the
pleasure to invite our readers to . grand dis
solving view Of the rebellion.
The call of the government has been answer
ed by the presence on the Potomac of thou
sands of fresh troops from New York and the
inexhaustible North. The valley of Virginia
has been substantially recovered, and soon will
be completely reinstatsd under the old flag.
The rebel guerllas, in that quarter, Of Jackson,
Johnson Ewell and others will now find it not
so important to secure their plumber as to save
themselves. The inland water communications
between the great North Carolina sounds and
the city Of Norfolk and Hampton Roads have
been opened to our light draught steamers. Sc
cession insolence and violence have been ii
fenced in Baltimore, that city having enjoyed
quite enough Of such pleasant amusements.
The good work Of . Southern Union reaction
meantime goes steadily on, and especially
among the substantial citizens Of North Caro-
lima and Tennessee. Then we have to add to
this the glorious news Of to-day-the victory of
Mo(lo11on ~, Of Riobmnp1-iu tho
grand battle fought and won on Saturday.
Little Rock the State capital of Arkansas,
is in our possession, and the people in that
quarter, sick of JEFF. Davis, Confederate shin
plasters, their rebel Governor, Rector, con-
scriptions and forced contributions, are coming
in rapidly to their old allegiance. General
Butler, with firm and strong hand, is fast re-
storing law and order in New Orleans, and
cotton, escaping the clutches of rebel incendia-
ries, is beginning to come into market. Re-
lieved to great extent by the capture of New
Orleans, Pensacola, Norfolk, Forts Pulaski,
Macon, &C., our seaboard cruisers are doing
splendid business in the capture of rich rebel
prizes, while the enthusiastic army Of General
Mcclellan is steadily and irresistibly tighten
ing its iron grasp around the last stronghold
of JEFF Davis and his spurious and insufferable
despotism.
But the great, comprehensive and browning
event of the week is the smoking out of Beau
regard from his strong defensive works at CO.
rinth. All the facts, circumstances and disco
veries connected with this hurried evacuation
abundantly prove the incapacity Of Beaure-
CARDS army to cope with ours in that quarter
or anywhere else, and they betray, too, an in
durable decentralization of his troops. In his
abandonment Of Corinth, which involves the
inevitable loss to JEFF. Davis Of the whole Mis-
sissippi valley, we cannot imagine what in
ducement can still exist for the adhesion of
those troops to Beauregard whose homes are in
Missouri, Arkansas, Kentucky, Tennessee or
Louisiana. They have been fighting for q
Southern confederacy, embracing their respec-
tive States. With the last hope gone of any
such confederacy, what further interest can they
have in the army and fortunes of Beauregard?
None. Accordingly, whichever way he may
go, we anticipate, henceforward, the rapid dis
indignation and dissolution of his army.
The great work of cleaning out the
rebellion from the Mississippi valley
being thus substantially accomplished, we
have no doubt that, with our occupation
of Richmond, we shall have the last
grand and comprehensive picture of the disso-
luton of that dismal and cloudy fabric of our
selfstyled Confederate States" With the
loss of Richmond all that still existing mass
Of Confederate" paper rubbish-two or three
hundred millions in amount-representing
money, will only represent an exploded corpo-
ration of fugtives from justice. The rebellion
will thus become utterly bankrupt, and, with
the ultimate redemption of this Confederate"
trash knocked in the head, the great financial
motive which has secured to JET. Davis and his
fellows their army, their supplies and the sup
port of the Southern people, will cease to
exist.
A month ago we published an order from
Beauregard enforcing at the point of the
bayonet the reception as money of "Confede-
rate, paper; but when the rebel bayonets find
that they too are swindled there will be an
end of the matter. Herein lies the great secret
of the desperate tenacity with which the rebel
leaders are holding on to Richmond. They are,
doubtless, meantime, "shoving OFF, in every pos
sible way their Confederate" promises to pay
upon their helpless followers for some substan-
tial equivalent, so that when the crash does come
these ruling Confederate" swindlers may at
least have the hope and tho means of COM
Portable exile.
The top Of the barrel has been knocked in
at Corinth: the bottom will be knocked out at
Richmond and that will be the end of it; for
then every Southern man with Confederate"
bill in bis pocket will realize the utter hol-
lowness and emptiness of this atrocious inn
posture of Southern confederacy.
ARKANSAS COMING BAcK-We published yes
tnrdav the rennrt which Is no Doubt true that