Arkansas true Democrat., 1862-06-05

In the midst of hillv country, healthy, and de fensbe against two.fold numbers 1t is connected by lines of railway with Virginia, Charleston Savannah, New Orleans, Mobile and Memphis Hence an army placed here could send division at once to any of those points, or Sitself threat ened could receive aid from each of them. In the event of disaster to the Northern forces that army would re-occupy Nashville, nor could any large force pass further South and leave it in the rear. Hence We shall be likely to find this prominent position Tn the future of the war; should the South ern forces be driven out of the border States.
 1t is, indeed, true, that all parties in the North assume that the loss of Virginia would terminate the struggle. But they were equally certain that on the loss ot Fort Donelson the Southerners would throw down their arms, and so strong was this deusiOn that cotton, which had touched forty cents per pound, actually fell to twenty. The loss of both Virginia and North Carolina would still leave the original Contederacv intact It was the view ot many of the ablest politicians of the Gulf States that the adhesion of the border States would be disadvantage to them-that, standing alone, they were of one mind on all points, while the ac- cession of those States would introduce, to some extent, other interests. Further, they held that the border States would be of more value as their natural allies, within the campof heiradyersaries, than if enlisted on their side. Hence the loss of the whole of those States would simply bring back the movement to its original dimensions, and to the position which many of it's ablest men deemed from the first to be most advantageous. It is true, there would be, for time, great loss of prestige, but that has not generally been much considered by men fighting for independence. In a military sense, it would bring into play the physical advan- tages of the South, of which their opponents have vet to experience the effects.
 Many, indeed, believe that the moral effect would be decisive; but here the division of the country into States, each n itself thoroughly and independently organized, and in size a kingdom, acts barrier to the progress of moral influences To us, as we read or think, New Orleans and Charleston come within the same field of view, but this is not on the spot. There they are separated by vast distance; an occurrence at one of them is to the other a remote event. If New Orleans were taken there would be panic for time throughout Louisiana, but at Charleston the effect would probably be burning desire to retrieve the disgrace
 Y At this moment the chances appear as greatly that the army of Gen. Mcclellan will be arrested by difficulties of transit that it will achieve any great success In advancing with an army which has been transported by sea, he must of necessity be weak in cavalry and comparatively so in artil- lery. The loss of a battle would be, to him. abso- lute rum, while the southern forces would have Richmond to fall back upon.
 There has been abundance of time, men, and materials to render the lines around Richmond strong enough to arrest very superior numbers MhiIe u E quiIe poaelOie thdl ne may ma there forces equal in number to his own--in ;he midst of their resources iii command Of the Southern rail ways, and actuated by spirit which, under like circumstances, has seldom been found wanting in any race of men. What would be the lspect of the war if Mcclellan should fail to take Rich mond and fall back upon his transports What the effect the money market of New York '-- Such an event is b. no means as improbable as that the Nerlimack, in her first sally, should destroy two frgates and three ganboats, or that Bull Run should be retrieved by returning from it a second time to Washington. Yet both these improha- bties have occurred.
 Such are the opinions and hopes of the Southern people. They may he founded on illusive views of the way, 2f their own strength and their adversa- ries' weakness; but they indicate that the people are rcsoute and confident, and that the submission which the North Is predicting is u very distant future.