The New York herald., 1862-06-09

chiefly Cuba CoGeo was quiet but steady while sals
confined TO small lots OF Maracaibo, ST. Domingo
Rio jamaica Freights without change Of mo
| ment Corn ana wheat were engaged for Liverpool a
sgd 3D. in ships bags, and -four at "a. 1ld IS 3D.
| with small lot reported at 2s. 4d To London nool
was pretty freely taken at %. 7hd a. %.
Capture OF Memphis The Approaching
Contamination or the Campaign.
The news which we publish this morning Of
the capture of Memphis is of highly important
character. Memphis, with its railroad, was the
point on which the left wing of Bsauregard's 8
army at Corinth rested for support, and which
was supported in turn by his troops. In con-
sequence Of his flight the forts which protected
it from above were abandoned without strug-
gle, and the rebel fotilla having been all cap
tured or sunk, except one fast sailing boat,
Memphis had no option but to surrender, not
withstanding the recent gasconade of its rebel
lious citizens.
The flag Of the Union now waves over every
point on the Mississippi, from its head waters
near the Canadian frontier to its mouths in the
Gulf of Mexico. with the single exception of
sAOhSUuiSp WuiSu OOhAp0i0hvCAy uuS At-
tie strength to resist, and will speedi-
ly surrender or be captured so soon
as the descending Hotilla appears before it.,
and meets the ascending squadron Of Farragut.
Its importance to the rebels consists in the
fact Of its being the last link by which their
communication is maintained between the left
and right bank Of the Mississippi On the op-
- % A. =. tLo g.,
minus of the Texas Railroad, by which their
Southwestern army derived large portion Of
its supplies. But that last link will soon be
severed and the means of subsistence cut off
from the already half-starved insurgents hem
med in on this side. No longer will there be
even any escape for JEFF. Davis n Co. through
Texas to Mexico
Thus will the bosom of the Father of Waters,
closed by the rebellion, be Immediately opened
once more to the commerce Of the world and
by this devoutly wished consummation one
of the grand objects Of the war may be said to
be already accomplished.
One by one the strongholds of the rebels are
captured or surrendered in the Southwest
Bowling Green, Fort Donelson, Nashville, CO.
lumbus, New Madrid, Island No. TO- Corinth,
Forts Wright, Randolph and Pillow, New Or
leans, Baton Rouge and Memphis. And now
we have news by way of Petersburg, Va, so
late as the 4th Of June, that Mobile was in i'm
minent danger, Fort Morgan having been
already attacked by the Union gunboats The
surrender Of that weak old fort is foregone
conclusion, and no doubt by this time the prin-
cipal port of Alabama is ours. To crown all,
Charleston is invested, attacks having been
made by our feet both at Stone and Sulli-
vans Islands, and the vessels being with
in six miles of the city, of whose
capture we may hear at any moment.
Savannah is destined soon to share the same
fate, or to surrender like Norfolk; and Burn
side is not advancing further into North Caro-
lima, only because, under her patriotic pro-
visional Governor, there is prospect Of her
speedy return to allegiance. Thus are the Gulf
and the coast of the Southern Atlantic COM
pletely in our power as well as the waters and
shores Of the Mississippi. The centre of the
Southern States, upon which the leaders Of the
insurrection depended as their last desperate
resource, is already successfully invaded by
Mitchell, who has extended his operations as
far a. Chattanooga, driving the rebels before
him. This is q naturally strong and central
point, Of great strategic Importance. By our
possession of it Knoxville and East Tennessee
are threatened. A little further advance north
ward, and Cleveland, point of railroad juno
ton, will be held by Mitchel's enterprising divi
sion, and the communication between Rich
mond and the South will be completely cut of
by way of the Virginia and Tennessee Railroad;
so that If Johnston's army is not already rein
forced from Beaursgard's by that route the game
is SHOCKED. Only the route through the Carolinas
would remain open. How long it will be till
even that is closed remains to be seen.
Thus on every side is the rebellion being
crushed. At all its extremities it is paralyzcd.
Its heart still beats at Richmond; but after the
next encounter it will forever cease. There the
insurgents must fight one desperate battle or
give UP their cause at once. 1t is their last
move on the cbessboard, and they must make
it or be checkmated. They will bring into ac-
ton all their forces, and make their final stand
at the rebel capital for veal or woe. Whipped
there, they admit there is no redemption for
their cause. The numerous battles they have
already fought with McClelan's army, each
increasing in ferceness and magnitude prove
that they are prepared to give the decisive bat
tie before Richmond; for the moral effect of its
surrender would be death to their hopes at
home and abroad. Their determination and
the reason of it are well expressed by the
Dispatch of that city in the following words
"To surrender Richmond would entail consc-
quences that we fear to look at. They may be
too disastrous to contemplate. 1t is too plain
that the handing over Of the metropolis to the
enemy would bring upon US embarrassmcnts
so great that rather than place the State in
such an exigency as that we should fight before