The New York herald., 1862-01-26

while the sales embraced AT hhds and 27O boxes
unchanged prices. Coffee quiet and sales limited to
some 600 bags Rio. Freights were rather nrmer for
English ports, with fair amount Of engagements The
prevailing stormy and ncement weather insrfsred more
less with business transactions generally, especially
| with outdoor operations.
| The Condition OF the South-The Transi-
| tiOn Period OF the Rebellion.
The hopes of JEFF. Davis and the glory of his
Southern confederacy have departed. That
confederacy, which, in the outset, like Tittlebat
Titmouse, promised everything to everybody,
has passed its meridian, and is now in the
melancholy condition of poor Micawber, waiting
for something to turn up" The suggestive
facts and the blunt confessions, the sad COM
plants and the desperate expedients of resist
ance which we continue to publish from South
ern newspapers that find their way to this Office,
present, indeed, a very gloomy prospect to the
Spurious Southern despotism set up at Rich
mond.
Thus, within the last ten days we have learn
ed that the Burnside expedition throughout the
South has created a greater panic than did Du-
points terrible bombardment and capture Of
the rebel forts at Port Royal, and General
Sherman's occupation of the sacred soil" of
Richmond are extremely perplexed what to do
and where to go to repel this Burnside invasion !;
that they believe it eontemplates the occu-
patton of one or two Of the great railway arte-
ries which connect Virginia with North Carolina
and the cotton States, but that Beauregard can
not conveniently come to the rescue, because he
is "held as in q vice on the Potomac by McClel.
| lam" From the same Southern rebel sources
of Information it appears that the French resi-
dents of New Orleans, after waiting for the
raising of Lineoln's blockade till their
patience and their hopes have been ex-
hausted, have determined in body to
evacuate that unfortunate city; that from
Newbern, in North Carolina, to Galveston,
in Texas, every seaboard Southern town and
city is under the alarming anticipation Of .
federal attack at any hour Of the day or the
night that TRAITORS" to the rebel cause are be-
ginning to manifest their presence in various
| quarters and that from the peaceable settle
ment of the Trent affair, dissipating the hopes
of English Intervention, the premium Of gold,
which had declined, has returned to thirty, thir-
ty-ive and forty per cent, from Richmond to
New Orleans.
| 1t does not appear that our Southern rebel
organs have as yet been convinced of the de-
feat and death of Zollicoffer; but the rebel
Congress, meantime, as if expecting success.
sion of military disasters, have passed law in
terdicting their newspapers from the publica-
ton of any war news except by special autho-
| rity. We apprehend, however, that this expe-
dent for shutting out the light will not sue
| ceed, but that very soon the rebel rout near
Somerset, and some telling blows from Burn
| side, will be known throughout every rebel
camp from Manassas to Mobile, and in every
town and hamlet of the South.
| 1t was only the other day that the Richmond
Examiner, in slashing philippe against the in
activity of the army of Beauregard, said that
this inaction had cost the Confederate army the
loss of ten thousand soldiers by the diseases of
the camp. This declaration, under the very
nose of JEFF. Davis, indicates fearful mortality
from sickness among the rebel troops, and it is
| fully confirmed by the reports of eye witnesses
| from their camps at Memphis, Nashville, Colum-
bus and Bowling Green. Where medicines and
hospital supplies are worth their weight ingold
and where the raw recruits of the South, badly
clothed and exposed to all the inclemencies of a
winter campaign, are added to the sick list by
thousands, they must suffer a fearful mortality.
In great camp, under bad management such
diseases as dysentery and typhoid fever soon
extend into malignant epidemics. At the rebel
camps in Kentucky and Virginia these diseases
have existed and still prevail to fearful de-
gree, while our troops, east and west, better
supplied and cared for, are in remarkably
healthy condition, considering the unexampled
inclemencies of this trying winter in the tented
field.
"Lincoln's blockade" which JEFF. Davis and
his English sympathizing journals affect to re-
gard as mere "paper blockade" and farce,
is anything but farce to the suffering armed
traitors and people. of our rebellious States.
With quinine in those States at q dollar
an ounce, coffee at dollar pound,
salt at five dollars q bushel, gun
powder at three dollars q pound, and coarse
boots at twenty dollars . pair, we have
the strongest evidence that "Lncoln's block
ade" is of itself fast reducing this rebel
lion to the last gasp Of exhaustion. And when
leading rebel organ at Memphis fatty de-
clares that JEFF Davis is not the lord and mas
ter of the Southern people, it may be fairly
assumed that they are getting tired of him. In
regard to this blockade, some general idea of
its pressure upon the rebels may be formed
from the propositions of the Richmond Dis
patch, for Southern commercial combination
capable of rsking twenty or even fifty millions
of money in the purchase Of European goods,
and in vessels to bear these goods into the
South against all the risks Of the blockade; for,
saws the editor. if we lose one-fourth, or even
one-half by captures, the amount run in will
compensate us handsomely.