The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1862-05-24

paralIYelJ Independent OF the 4iave-ErOwn
produce of the South; and it is fortunate
that the discovery of the mineraloil springs
should come just in time to assist in re-
storing the commercial balance which hls
been 90 rudely disturbed. This amazing
source Of future wealth extends from the
Goth to the l28th degree Of west longi-
tide, a district coHprehendinR parts of
Upper and Lower Canada, Ohio, Pennsyl-
vania, Kentucky, Virgiuia, Tennessee,
Arkansas, Texas, New Mexico, and Cali.
fornis. For practical purposes, the sup
ply seems exhaustless. and when borings
arc made, varying in depth from $50 10
900 feet, the oil rushcs up in continu-f
GUS stream. Many English firms have al
ready turned the most serious attention
TO this growing trade, and, ss the peculiar
fluid is capable OF great variety of uses
in many branches OF manufacture, We may
anticipate that it will contribnte largely
TO the employment of the British artisan.
But although we see hope for the future,
We cannot forget the present severe suf-
fering in our manufacturing districts, and
help Tor the starving must come to-day or
It will be Of no nse. It Is heaftrcodinr
to read the accounts Of distress among
the Lancashire operatives, and in this apo
Of testimonials and memorials, when the
.en-pot or the statue celebrates SO much
real or imaginary virtue, We hope the
claimsof those who have toiIed for socie
ty, and would gladly toll again if work
and pay were offered, will not be forgot.
ten, or postponed to sentimental demands
OF less urgent need.
Ii the reader has noted the principal
movements Of the Transatlantic war, he
viii have observed the character of the
opposing plans. and the enormous extent
OF the operations in the field, Gradually
the North has equipped army after army,
snd gradually the South has been COM
peiled to abandon the attempt to protect
all points Of i territory far TOO great for
her defensive means. The North has won
some thousand miles of coast, and several
of the principal centres of railway com.
municatiou; but still the South occupie.
strong positions, and if her supplies of
srms and materials stand out, she wll! be
more difficult; to deal with as her energies
become concentrated on a narrower feld.
The late battle near Co in,h was a bold, and
at first successful cii1rt on tho part ot
Beauregard, to crush one portion OF the
Northern forcAs before The concentration
decided upon by the Federal generals
could take place. The first days work
seems to have been skillful surprise, and
70 hate ended in a partial yictory OF the
South. The next day fresh troops arrived,
the carnage was renewed, and the slavers
were beaten back with heavy loss. From
this il may be presumed that the North
erners will be able to carry ont their plan |
of bringing much larger force to bear
upon Corinth than the Socessionists have
accumulated for its defence. This little |
,ity, which, according to silly Amer.
ian custona. is decorated With fine q Greek
aame, is eighteen miles from Savannah in
rennessee-quite different place from
he other Savannah near Charleston on
he coast---and it lies at the intersection
# the Charleston, Ohio and Mobile rail.
rays, 30 that its possession by7 the FEEDER
lists would cut off the cornmn tiications
Tennessee and the Atlantic and
1uIf Stases, and materially lessen the sup
,lies OF the pro-slavery army. It is thus
point Of great strategic importance, and
he centre Of the operations by which
seauregard is endeavoring to defend the
ALLEY Of the Mississippi.
|
1t we tura TO another portion of the
aeapaign we find Island No. 10, Z whose
licences were boasted ~ being so strong q,
to the Federal general with
* thousand prisoners and one hundred
iege guns. and a mass Of warlike ssores.
his victory, alleged to have been gai ned
without loss of lite on the Northern side,
pens the Mississippi to Memphis, apd
emoves an obstacle to the impending at
ack on New Orleans Another part oil
his curious campaign is carried on in the
Of Yorktown, near the
MOUTH of the Potomac, in Chesapeake
lay, from which phce some friends Of 1,
hs South, in Liverpool, state they have
eceived tidings Of triumph Of their
riends, although the newspapers give, no !
of such al event. The chief
oint Of interest in this part Of the con-
ested territory Is Richmond, Which It IS
the object Of Mcclellan to sur.
ound. Looking to the widespread range
I operations, military critic compares
hs war to a campaign extending al the
ny from Paris to St. Petersburgh; and
hen we consider the enormous distances
'hich have to be trayerssd, We cannot
'onder that both sides should, for con-
'dsrable period, have appeared TO an in-
onslderatc spectator to be standing still.
Vere it only on the ground Of the ruin
as cost Of struggling nHer 80 vast an area,
narrowing of the conflict mus, take place
efore many weeks are over, and the val,
y OF the Mississippi promises to be the
Gene where the fate Of American slavery
! qfn cAfftnd hv - 4