The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-05-04
The Approaching Dissolution Of tn
Rebellion.

Ino Approaching D1sSOIuClOn OF the
Rebellion.
We publish this morning highly important
despatch from the Corinth correspondent of the
Savannah Republican, dated goth of April,
stating that our army was then advancing
against the rebels, and that skirmishing had
commenced; also another despatch, equally i'm
portant, from tho Corinth correspondent of the
Memphis Argus dated April %, showing that
BeaHregard is retreating southwark from
Corinth, some Of his troops proceeding by rail-
road and others by foot, while some are going
west, probably as far as Grand Junction. to
take the Central Mississippi Railroad thcre-an
arrangement which would give him two rail-
roads to move in a southern direction. We
said yesterday we did not believe, as had
back on Memphis. That opinion is now con-
firmed So far from rstreating to Memphis, the
rebels Of that city contemplate its destruction
by fire from sheer desperation.
Yesterday stocks received an immense impe-
tus in Wall street Not only did they go mp,
but sales were very large. This was the result
Of the cheering nsws from Corinth and from all
other points. The rapid succession of unex-
ampled victories. crowned by the capture Of
New Orleans aud Baton Rouge, the capital Of
Louisiana, followed by the fight of Beau
regards army before the onward march of
Halleck, could not fail to produce marked
influence upon the stock market. The darken-
ing prospects Of the rebels and the bright vista
that now opens into the future for the glory of
our arms, and for the triumphant vindication Of
the unity of the republic, cannot fail to give
confidence to all who survey the theatre Of the
war with an intelligent eye. If we taYn
to the Southwest we find Beauregard so
crippled and embarrassed by the reduction
Of New Orleans and the strategical movements
Of Haileck on his wings and TANKS, that
he is compelled to shift his army from the
boosted strong position in which he said he
would await the advance Of the Union troops
His Geographic despatch after the battle at
shiloh, whose genuineness was at first doubted
but is now fully authenticated proves that his
situation was then desperate, unless he was
largely reinforced from Georgia or South
Carolina lie has not since received reinforce
mcnts equal to those which have swelied the
numbers Of the Union army, and the capture
of New Orleans, giving possession of the
Lower Mississippi 10 our arms, has enhanced
his difficulties, and circumscribed within mar
row bounds the points from which lie can OBJ
tain any further supplies and reinforcements
and both these Of the most limited description
He Is cut Of from Tennessee and Northern
Alabama, and henceforth all the country west
Of the Mississippi will be TO him az o sealed
book. Texas, 80 rich in provisions OF all
kinds for an army is effectually severed from
him, and the same il true Of Arkansas. Even
IL be could cross the Mississippi. he could
western side. owing TO the want OF
transportation. East Of the river he has
system Of railroads for the moving Of his sup.
| plies, and the rapid concentration of troops;
west OF it be would have no railroad TO depend
| upon, and even the water courses would be for.
| hidden to him. Ii is certain he could not pro.
cure wagons for the use Of 80 large an army
before Halleck would oyertake and compel him
to give battle. But when Beauregard fight,
again il is all over with him. II he did not fee
this to be the case. he would have fought a.
Corinth, or somewhere between that point ant
the Tennessee. Such is the situation Of affair,
In the Southwest.
If We direct our vision to Eastern Virginia
whore is to be found the only other army OF
which the cause of the rebellion depends, wha
do we see Here, too, the affairs Of the insur
gents are equally desperate. They admit them
selves that II they lose the impending battle tn
game is up. Deserters from their army stat
that Magruder and Johnston have addresse
the troops and declared to them that victor
at Yorktown is the last hope of the cause, for
the battle should be lost irretievable rui
would be the consequence. The Ricbmon