The New York herald., 1862-04-20

auos.d Al soo Pork was heavy with moderate sales
al y2 Is Sl2 3T for mess and $40 $40 20 for
prime Sugars were steady while the sales embraced
about 800 hhds aud 600 bags.Cacutta sale Of eooo
bags OF So Domingo coffee in bond for export, was made
at private terms said have been at about l4c cash.
Frsighs firm bu. not active. Corn in bulk to Liver
pool was taken At e1d and wheat In ships bags at ID
--
The Crisis OF the Rebenion-The Two
Great Impending Battles.
Upon the two great hostile armies con-
fronting each other at Yorktown, in Virgil
MIA, and at Corinth, in Mississippi, the fate OF
this beeaguered rebellion now depends. We
have in several instances heretofore, expressed
the opinion that by the Fourth of July the
armed resistance of our rebellious States to the
supreme authority of the Union would be vir-
tually at an end and in oil probability before
the day indicated there will be such an over
throw of the rebel forces at Yorktown and at
Corinth as will Immediately be followed by the
dispersion of the rebel government and its
armies, and by tho general breaking up of its
political machinery, authority and power
throughout the South.
In January last the inland defensive line of
the rebellion extended along the Potomac river
for one hundred and fifty miles, menacing
Washington in front and on both TANKS. From
the Upper Potomac this defensive line stretched
across Northwestern Virginia into Kentucky
and thence westward through that State, its
strong positions therein being near Somerset
and at Bowling Green and Columbus, this last
named place having been so strongly fortified
as to be deemed capable to repel an attacking
force by land and water of hundred thousand
men. Protecting this stronghold and Bowling
Green against side attack, there were the two
intermediate forts, Henry and Donelson, in
Tennessee, near the Kentucky boundary. From
Columbus this defensive line ran up into Mis-
souri,, and through the heart of that State,
General Price, with the main body Of the rebel
forces Of that section, having snugly established
himself in log hut winter quarters at Spring
fed.
On the 18th of January this defensive line
was broken by our troops at the battle OF Mill
Spring. near Somerset, Kentucky, and it was
completely swept away, from the Alleghanies
to the Mississippi, in February, with the fall Of
Forts Henry and Donelson. Our armies and
gunboats having thus turned both Bowling
Green and Columbus, the rebels saw that these
laboriously fortified positions were untJnable,
and accordingly abandoned them; and thus,
without further opposition, Gen. Buell. ad-
vanced to the occupation Of Nashville. Mean
time Price had been driven out of Missouri,
and soon after Gen. 10. Johnston commenced
the work of his abandonment of Manassas and
the whole line of the Potomac.
And so to-day, while we find the remnants of
the routed rebel armies of the West and their
reineorcements gathered together. in great
army away down at Corinth, Mississippi we
find the rebel Army Of the Potomac moved
back two hundred miles from Washington, and
with its new regiments concentrated at York
town. 1t thus appears that, including the
States Of Missouri, Kentucky and Tennessee,
and part Of Arkansas and another accession
from Virginia, we have recovered by our arms
to the Union since January last territorial
area exceeding in extent three times over the
great State Of New York, and embracing the
very States and districts upon which the rebel
armies have almost exclusively relied for their
subsistence.
We believe therefore, that, with the defeat Of
the rebel army at Corinth and the overthrow Of
the rebel army at Yorktown, the rough work
of suppressing this rebellion will be finished;
for with these defeats the warlike resources Of
JEFF. Davis in men, as well as in subsistence,
will be exhausted. 1t is evidently the convic-
ton among the rebel leaders themselves that if
they fail at Yorktown and Corinth their cause
is beyond redemption. Hence their extraordi-
nary energy at both these points in collecting
the men and in providing the means for q
desperate and decisive struggle. We have no
fears, however, as to the final result at either
place. We are aware that the rebel army at
Yorktown is chiefly made up of tho we'll dis
c:plined rebel Army Of the Potomac, and that
in the hands Of JEFF. Davis and Jo. Johnston it
will be skilfully intrenched and managed; but
we have the fullest confidence in the splendid
Potomac army of Mcclellan and in its leader.
We know that the fighting qualities Of Beaure-
gard and his army are of very high order;
but We feel as we'll assured of the superior
skill, the superior troops and arms and the
overwhelming forces and resources Of Halleck,
a. If they had already been proved against
Beauregard in his expulsion from Corinth.
We shall not be kept long in suspense in re-
ference to the great impending battle in the
East or the West At Corinth, the forces on
each side will, perhaps, reach the figure Of one
hundred and twenty-five thousand men, at
Yorktown the number on each side will hardly
be less when the final struggle comes on. With
an aggregate of half million Of men thus col
lected at two points for battle, the issue, II
against the rebels at both places, will un.
doubtedly bring this war to q speedy termina-
ton. Nor have we any idea Of any other result
than the defeat Of the rebels, East and West.
In all probability, the bloody battle of Water
loo, decisive as it was in regard 10 the affairs
of Europe, will be eclipsed BY Yorktown or
Corinth, or by both, in desperate fighting and